Document:

EX-4.2

 Exhibit 4.2 

EXECUTION 
 INDENTURE 

between 
 CALIFORNIA REPUBLIC AUTO
RECEIVABLES TRUST 2013-2, 
 as Issuer 

and 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS, 
 as Indenture Trustee 

Dated as of November 1, 2013 

 CROSS REFERENCE TABLE* 
  

			
	TIA Section	  	Indenture Section
		
	310 (a)(1)	  	6.11
		
	(a)(2)	  	6.11
		
	(a)(3)	  	6.10; 6.11
		
	(a)(4)	  	N.A.**
		
	(a)(5)	  	6.11
		
	(b)	  	6.08; 6.11
		
	311 (a)	  	6.16
		
	(b)	  	6.16
		
	312 (a)	  	7.01
		
	(b)	  	7.02
		
	(c)	  	7.02
		
	313 (a)	  	7.05
		
	(b)(1)	  	7.05
		
	(b)(2)	  	7.05
		
	(c)	  	7.05; 11.05
		
	(d)	  	7.05
		
	314 (a)	  	3.09; 7.06
		
	(b)	  	3.06; 11.14
		
	(c)(1)	  	11.01
		
	(c)(2)	  	11.01
		
	(c)(3)	  	11.01
		
	(d)	  	11.01
		
	(e)	  	11.01
		
	(f)	  	11.01
		
	315 (a)	  	6.01

  
 i 

			
	(b)	  	6.05; 11.01
		
	(c)	  	6.01
		
	(d)	  	6.01
		
	(e)	  	5.13
		
	316(a)	  	1.01
		
	(a)(1)(A)	  	5.11
		
	(a)(1)(B)	  	5.12
		
	(a)(2)	  	N.A.
		
	(b)	  	5.07
		
	(c)	  	N.A.
		
	317 (a)(1)	  	5.03
		
	(a)(2)	  	5.03
		
	(b)	  	3.03
		
	318 (a)	  	11.25

  

	*	This Cross Reference Table shall not, for any purpose, be deemed to be part of this Indenture. 

	**	N.A. means Not Applicable. 

  
 ii 

 Table of Contents 

 

									
	 	 	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	2	  
				
		 	Section 1.01	 	 Definitions
	  	 	2	  
		 	Section 1.02	 	 Incorporation by Reference of Trust Indenture Act
	  	 	2	  
		
	 ARTICLE II THE NOTES
	  	 	2	  
				
		 	Section 2.01	 	 Form; Denomination
	  	 	2	  
		 	Section 2.02	 	 Execution, Authentication and Delivery
	  	 	3	  
		 	Section 2.03	 	 Temporary Notes
	  	 	3	  
		 	Section 2.04	 	 Registration; Registration of Transfer and Exchange
	  	 	4	  
		 	Section 2.05	 	 Mutilated, Destroyed, Lost or Stolen Notes
	  	 	5	  
		 	Section 2.06	 	 Persons Deemed Owners
	  	 	6	  
		 	Section 2.07	 	 Payment of Principal and Interest
	  	 	6	  
		 	Section 2.08	 	 Cancellation
	  	 	7	  
		 	Section 2.09	 	 Tax Treatment; Withholding
	  	 	7	  
		 	Section 2.10	 	 [Reserved]
	  	 	9	  
		 	Section 2.11	 	 Book-Entry Notes
	  	 	9	  
		 	Section 2.12	 	 Notices to Depository
	  	 	9	  
		 	Section 2.13	 	 Definitive Notes
	  	 	9	  
		 	Section 2.14	 	 Depositor as Noteholder
	  	 	10	  
		 	Section 2.15	 	 [Reserved]
	  	 	10	  
		 	Section 2.16	 	 Additional Transfer Restrictions
	  	 	10	  
		 	Section 2.17	 	 ERISA
	  	 	10	  
		
	 ARTICLE III COVENANTS
	  	 	11	  
				
		 	Section 3.01	 	 Payment of Principal and Interest
	  	 	11	  
		 	Section 3.02	 	 Maintenance of Office or Agency
	  	 	11	  
		 	Section 3.03	 	 Money for Payments to Be Held in Trust
	  	 	11	  
		 	Section 3.04	 	 Existence
	  	 	13	  
		 	Section 3.05	 	 Protection of Collateral; Manner of Perfection
	  	 	13	  
		 	Section 3.06	 	 Opinions as to Collateral
	  	 	15	  
		 	Section 3.07	 	 Performance of Obligations; Servicing of Receivables
	  	 	15	  
		 	Section 3.08	 	 Negative Covenants
	  	 	16	  
		 	Section 3.09	 	 Annual Statement as to Compliance
	  	 	17	  
		 	Section 3.10	 	 Issuer May Not Merge or Consolidate
	  	 	17	  
		 	Section 3.11	 	 No Other Business
	  	 	17	  
		 	Section 3.12	 	 No Borrowing
	  	 	17	  
		 	Section 3.13	 	 Servicer’s Obligations
	  	 	17	  
		 	Section 3.14	 	 Guarantees, Loans, Advances and Other Liabilities
	  	 	17	  
		 	Section 3.15	 	 Capital Expenditures
	  	 	18	  

  
 i 

									
		 	Section 3.16	 	 Removal of Administrator
	  	 	18	  
		 	Section 3.17	 	 Restricted Payments
	  	 	18	  
		 	Section 3.18	 	 Notice of Events of Default
	  	 	18	  
		 	Section 3.19	 	 Further Instruments and Acts
	  	 	18	  
		 	Section 3.20	 	 Compliance with Laws
	  	 	18	  
		 	Section 3.21	 	 Amendments to Sale and Servicing Agreement
	  	 	18	  
		
	 ARTICLE IV SATISFACTION AND DISCHARGE
	  	 	19	  
				
		 	Section 4.01	 	 Satisfaction and Discharge of Indenture
	  	 	19	  
		 	Section 4.02	 	 Application of Trust Money
	  	 	19	  
		 	Section 4.03	 	 Repayment of Moneys Held by Paying Agent
	  	 	20	  
		 	Section 4.04	 	 Release of Collateral
	  	 	20	  
		 	Section 4.05	 	 Satisfaction, Discharge and Defeasance of the Notes
	  	 	20	  
		
	 ARTICLE V REMEDIES
	  	 	21	  
				
		 	Section 5.01	 	 Events of Default
	  	 	21	  
		 	Section 5.02	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	22	  
		 	Section 5.03	 	 Collection of Indebtedness and Suits for Enforcement by Indenture Trustee; Authority of the Controlling Class
	  	 	23	  
		 	Section 5.04	 	 Remedies; Priorities
	  	 	25	  
		 	Section 5.05	 	 Optional Preservation of the Collateral
	  	 	27	  
		 	Section 5.06	 	 Limitation of Suits
	  	 	28	  
		 	Section 5.07	 	 Unconditional Rights of Noteholders to Receive Principal and Interest
	  	 	28	  
		 	Section 5.08	 	 Restoration of Rights and Remedies
	  	 	28	  
		 	Section 5.09	 	 Rights and Remedies Cumulative
	  	 	29	  
		 	Section 5.10	 	 Delay or Omission Not a Waiver
	  	 	29	  
		 	Section 5.11	 	 Control by Controlling Class
	  	 	29	  
		 	Section 5.12	 	 Waiver of Past Defaults
	  	 	29	  
		 	Section 5.13	 	 Undertaking for Costs
	  	 	30	  
		 	Section 5.14	 	 Waiver of Stay or Extension Laws
	  	 	30	  
		 	Section 5.15	 	 Action on Notes
	  	 	30	  
		 	Section 5.16	 	 Performance and Enforcement of Certain Obligations
	  	 	30	  
		
	 ARTICLE VI THE INDENTURE TRUSTEE
	  	 	31	  
				
		 	Section 6.01	 	 Duties of Indenture Trustee
	  	 	31	  
		 	Section 6.02	 	 Rights of Indenture Trustee
	  	 	33	  
		 	Section 6.03	 	 Individual Rights of Indenture Trustee
	  	 	35	  
		 	Section 6.04	 	 Indenture Trustee’s Disclaimer
	  	 	35	  
		 	Section 6.05	 	 Notice of Defaults; Repurchase Requests
	  	 	35	  
		 	Section 6.06	 	 Reports by Indenture Trustee to Holders
	  	 	36	  
		 	Section 6.07	 	 Compensation and Indemnity
	  	 	36	  
		 	Section 6.08	 	 Replacement of Indenture Trustee
	  	 	37	  
		 	Section 6.09	 	 Successor Indenture Trustee by Merger
	  	 	38	  

  
 ii 

									
		 	Section 6.10	 	 Appointment of Co-Indenture Trustee or Separate Indenture Trustee
	  	 	38	  
		 	Section 6.11	 	 Corporate Indenture Trustee Requirements; Eligibility
	  	 	40	  
		 	Section 6.12	 	 Waiver of Setoffs
	  	 	40	  
		 	Section 6.13	 	 Indenture Trustee as Securities Intermediary
	  	 	40	  
		 	Section 6.14	 	 Representations and Warranties of the Indenture Trustee
	  	 	41	  
		 	Section 6.15	 	 Exchange Act Rule 17g-5 Procedures
	  	 	41	  
		 	Section 6.16	 	 Preferential Collection Claims Against Issuer
	  	 	42	  
		
	 ARTICLE VII NOTEHOLDERS’ LISTS AND REPORTS
	  	 	42	  
				
		 	Section 7.01	 	 Issuer to Furnish Indenture Trustee Names and Addresses of Noteholders
	  	 	42	  
		 	Section 7.02	 	 Preservation of Information; Communications to Noteholders
	  	 	42	  
		 	Section 7.03	 	 Noteholder Lists
	  	 	42	  
		 	Section 7.04	 	 Access to Certain Documentation and Information
	  	 	43	  
		 	Section 7.05	 	 Reports by Indenture Trustee
	  	 	43	  
		 	Section 7.06	 	 Reports by Issuer
	  	 	43	  
		
	 ARTICLE VIII ACCOUNTS, DISBURSEMENTS AND RELEASES
	  	 	44	  
				
		 	Section 8.01	 	 Collection of Money
	  	 	44	  
		 	Section 8.02	 	 Trust Accounts: Payment of Principal and Interest
	  	 	44	  
		 	Section 8.03	 	 General Provisions Regarding Accounts
	  	 	45	  
		 	Section 8.04	 	 Release of Collateral
	  	 	45	  
		 	Section 8.05	 	 Opinion of Counsel and Officer’s Certificate
	  	 	46	  
		
	 ARTICLE IX SUPPLEMENTAL INDENTURES
	  	 	46	  
				
		 	Section 9.01	 	 Supplemental Indentures With Consent of the Noteholders
	  	 	46	  
		 	Section 9.02	 	 Supplemental Indentures Without Consent of Noteholders
	  	 	48	  
		 	Section 9.03	 	 Execution of Supplemental Indentures
	  	 	49	  
		 	Section 9.04	 	 Effect of Supplemental Indentures
	  	 	49	  
		 	Section 9.05	 	 Reference in Notes to Supplemental Indentures
	  	 	50	  
		 	Section 9.06	 	 Conformity with Trust Indenture Act
	  	 	50	  
		
	 ARTICLE X REDEMPTION OF NOTES
	  	 	50	  
				
		 	Section 10.01	 	 Redemption In Whole
	  	 	50	  
		 	Section 10.02	 	 Form of Redemption Notice
	  	 	51	  
		 	Section 10.03	 	 Notes Payable on Redemption Date
	  	 	51	  
		
	 ARTICLE XI MISCELLANEOUS
	  	 	51	  
				
		 	Section 11.01	 	 Compliance Certificates and Opinions, Etc.
	  	 	51	  
		 	Section 11.02	 	 Form of Documents Delivered to Indenture Trustee
	  	 	53	  
		 	Section 11.03	 	 Acts of Noteholders
	  	 	54	  

  
 iii 

									
		 	Section 11.04	 	 Notices, etc., to Indenture Trustee, Issuer, Depositor and Rating Agencies
	  	 	54	  
		 	Section 11.05	 	 Notices to Noteholders; Waiver
	  	 	55	  
		 	Section 11.06	 	 Alternate Payment and Notice Provisions
	  	 	56	  
		 	Section 11.07	 	 Effect of Headings and Table of Contents
	  	 	56	  
		 	Section 11.08	 	 Successors and Assigns
	  	 	56	  
		 	Section 11.09	 	 Severability
	  	 	56	  
		 	Section 11.10	 	 Benefits of Indenture
	  	 	56	  
		 	Section 11.11	 	 Legal Holidays
	  	 	56	  
		 	Section 11.12	 	 GOVERNING LAW
	  	 	56	  
		 	Section 11.13	 	 Counterparts
	  	 	57	  
		 	Section 11.14	 	 Recording of Indenture
	  	 	57	  
		 	Section 11.15	 	 Trust Obligation
	  	 	57	  
		 	Section 11.16	 	 No Petition
	  	 	57	  
		 	Section 11.17	 	 Inspection
	  	 	57	  
		 	Section 11.18	 	 Limitation of Liability
	  	 	58	  
		 	Section 11.19	 	 WAIVER OF JURY TRIAL
	  	 	58	  
		 	Section 11.20	 	 Force Majeure
	  	 	59	  
		 	Section 11.21	 	 PATRIOT Act
	  	 	59	  
		 	Section 11.22	 	 Submission to Jurisdiction
	  	 	59	  
		 	Section 11.23	 	 No Partnership or Joint Venture
	  	 	59	  
		 	Section 11.24	 	 No Waiver; Cumulative Remedies
	  	 	59	  
		 	Section 11.25	 	 Conflicts with Trust Indenture Act
	  	 	60	  
		 	Section 11.26	 	 No Recourse
	  	 	60	  
		
	 ARTICLE XII
	  	 	60	  
				
		 	Section 12.01	 	 Purpose
	  	 	60	  
		 	Section 12.02	 	 Requirements of FDIC Rule
	  	 	61	  
		 	Section 12.03	 	 Performance
	  	 	63	  
		 	Section 12.04	 	 Effect of Section 941 Rules
	  	 	63	  
		 	Section 12.05	 	 Actions upon Repudiation
	  	 	63	  
		 	Section 12.06	 	 Notice
	  	 	65	  
		 	Section 12.07	 	 Reservation of Rights
	  	 	65	  

  

			
	EXHIBIT A-1	  	Form of Class A-1 Note
	EXHIBIT A-2	  	Form of Class A-2 Note
	EXHIBIT A-3	  	Form of Class B Note
	EXHIBIT A-4	  	Form of Class C Note
	EXHIBIT B	  	Form of Note Investment Letter
	EXHIBIT C-1	  	Form of Non-U.S. Beneficial Ownership Certification by Euroclear or Clearstream Bank, société anonyme
	EXHIBIT C-2	  	Form of Non-U.S. Beneficial Ownership Certification by Member Organization
	EXHIBIT D	  	Form of Repurchase Request Notice

  
 iv 

 THIS INDENTURE, dated as of November 1, 2013, is between CALIFORNIA REPUBLIC AUTO
RECEIVABLES TRUST 2013-2, a Delaware statutory trust (the “Issuer”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as trustee and not in its individual capacity (the “Indenture Trustee”).

 Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Issuer’s
0.33000% Class A-1 Asset Backed Notes (the “Class A-1 Notes”), 1.23% Class A-2 Asset Backed Notes (the “Class A-2 Notes”), 2.31% Class B Asset Backed Notes (the “Class B Notes”)
and 3.32% Class C Asset Backed Notes (the “Class C Notes”) (the Class A-1 Notes, Class A-2 Notes, Class B Notes and Class C Notes, each a “Note” and collectively, the
“Notes”): 
 GRANTING CLAUSE 

The Issuer hereby Grants to the Indenture Trustee on the Closing Date, as Indenture Trustee for the benefit of the Holders of the Notes, all
(without duplication) of the Issuer’s right, title and interest in and to all accounts, payment intangibles and other general intangibles, chattel paper, instruments, documents, money, deposit accounts, certificates of deposit, goods, letters
of credit, advices of credit and Investment Property and all other tangible and intangible property (together with all related supporting obligations and proceeds), whether now owned or hereafter acquired and whether now existing or hereafter coming
into existence, including: (i) the Depositor Conveyed Assets, (ii) all funds on deposit from time to time in the Trust Accounts, the Certificate Distribution Account (as defined in the Trust Agreement) and any other accounts established
pursuant to this Indenture, the Trust Agreement, or the Sale and Servicing Agreement, and all cash, investment property and other property from time to time credited thereto and all proceeds thereof (including all Net Investment Earnings thereon);
(iii) all Securities Accounts and all security entitlements with respect to Financial Assets credited to any Securities Account; (iv) all rights under the Sale and Servicing Agreement; (v) all enforcement and other rights under the
UCC and other Applicable Law in respect of any or all of the foregoing; (vi) all present and future claims, demands, causes of action and choses in action in respect of any or all of the foregoing; and (vii) the proceeds of or with respect
to any and all of the foregoing (collectively, the “Collateral”). It is understood and agreed that the foregoing Grant is intended to cover property owned by the Issuer at the Closing Date. 

The foregoing Grant is made in trust to secure the payment of principal of and interest on, and any other amounts owing in respect of, the
Notes, equally and ratably without prejudice, priority or distinction, except as otherwise provided in this Indenture and the other Basic Documents. to secure compliance with the provisions of this Indenture and the Sale and Servicing Agreement for
the benefits of the Noteholders, all as provided in this Indenture. 
 The Indenture Trustee, on behalf of the Holders of the Notes,
acknowledges such Grant, accepts the trusts under this Indenture in accordance with the provisions of this Indenture and agrees to perform its duties required in this Indenture to the best of its ability to the end that the interests of the Holders
of the Notes may be adequately and effectively protected. The Issuer hereby authorizes the filing of a financing statement against the Issuer describing the Collateral as constituting all assets of the Issuer as debtor, whether now owned or existing
or hereafter acquired or arising and wheresoever located. 

 This Indenture shall be deemed to be and hereby is a security agreement within the meaning of the
UCC as in effect in the State of New York. 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. Capitalized terms not defined in this Agreement have the meanings assigned thereto in Appendix A to that
certain Sale and Servicing Agreement, dated as of November 1, 2013, by and among the Issuer, the Indenture Trustee, California Republic Funding, LLC, California Republic Bank, and CSC Logic, Inc. 

Section 1.02 Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision of the TIA, that
provision is incorporated by reference in and made a part of this Indenture. The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes. 

“indenture security holder” means a Noteholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Indenture Trustee. 

“obligor” on the indenture securities means the Issuer and any other obligor on the indenture securities. 

All other TIA terms used in this Indenture that are defined in the TIA, defined by TIA reference to another statute or defined by Commission rule have the
meaning assigned to them by such definitions. 
 ARTICLE II 

THE NOTES 
 Section 2.01
Form; Denomination. The Class A-1 Notes, Class A-2 Notes, Class B Notes and Class C Notes, in each case together with the Indenture Trustee’s certificate of authentication, shall be in substantially the form set forth
in Exhibit A-1, Exhibit A-2, Exhibit A-3, or Exhibit A-4, as applicable, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may
have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may, consistently herewith, be determined by the officers executing the Notes, as evidenced by their execution of the Notes. Any portion
of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of such Note. 
 Each
Note shall be dated the date of its authentication. The terms of the Notes set forth in Exhibit A-1, Exhibit A-2, Exhibit A-3, or Exhibit A-4 are part of the terms of this Indenture. 

  
 2 

 The Notes shall be issuable as registered Notes in minimum denominations of $100,000 and in
integral multiples of $1,000 in excess thereof (except that on the Closing Date one Note of each Class of Notes may be issued in a denomination other than an integral multiple of $1,000). 

Section 2.02 Execution, Authentication and Delivery. The Notes shall be executed on behalf of the Issuer by any of its Authorized
Officers. The signature of any such Authorized Officer on the Notes may be manual or facsimile. 
 Notes bearing the manual or facsimile
signature of individuals who were at any time Authorized Officers of the Issuer shall bind the Issuer, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Notes or
did not hold such offices at the date of such Notes. 
 The Indenture Trustee shall, upon receipt of an Issuer Order, authenticate and
deliver Notes for original issue in an aggregate principal amount of $39,000,000 with respect to the Class A-1 Notes, $184,500,000 with respect to the Class A-2 Notes, $11,890,000 with respect to the Class B Notes and $11,770,000 with
respect to the Class C Notes. The aggregate principal amount of (i) Class A-1 Notes, Class A-2 Notes, Class B Notes and Class C Notes, as the case may be, outstanding at any time may not exceed the respective amounts set
forth above with respect to such Classes of Notes, except as otherwise provided in Section 2.05. 
 No Note shall be entitled to any
benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Note a certificate of authentication executed by the Indenture Trustee by the manual signature of one of its authorized signatories, and such
certificate upon any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder. 

Section 2.03 Temporary Notes. 

(a) Pending the preparation of Definitive Notes, if any, to be issued in exchange for Book-Entry Notes the Issuer may execute, and upon
receipt of an Issuer Order the Indenture Trustee shall authenticate and deliver, such temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive Notes in lieu of which they are
issued and with such variations as are not inconsistent with the terms of this Indenture as the officers executing such Notes may determine, as evidenced by their execution of such Notes. 

(b) If temporary Notes are issued, the Issuer shall cause Definitive Notes to be prepared without unreasonable delay. After the preparation of
Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at the Agency Office of the Issuer to be maintained as provided in Section 3.02, without charge to the Noteholder. Upon
surrender for cancellation of any one or more temporary Notes, the Issuer shall execute and the Indenture Trustee shall authenticate and deliver in exchange therefor a like principal amount of Definitive Notes of the same Class or Classes and
authorized denominations. Until so delivered in exchange, the temporary Notes shall in all respects be entitled to the same benefits under this Indenture as Definitive Notes. 

  
 3 

 Section 2.04 Registration; Registration of Transfer and Exchange. 

(a) The Issuer shall cause to be kept a register, comprising separate registers for each Class of Notes, in which, subject to such reasonable
regulations as the Issuer may prescribe, the Issuer shall provide for the registration of the Notes and the registration of transfers and exchanges of the Notes (the “Register”). The Indenture Trustee shall initially be the
Registrar for the purpose of registering the Notes and transfers of the Notes as herein provided. Upon any resignation of any Registrar, the Issuer shall promptly appoint a successor Registrar or, if it elects not to make such an appointment, assume
the duties of the Registrar. Notwithstanding anything to the contrary contained herein, the Registrar shall know only the Person in whose name a Note is registered in the Register, and the obligations of the Indenture Trustee (in its capacity as
paying agent or otherwise) and the Registrar shall run only to such Persons. 
 (b) If a Person other than the Indenture Trustee is
appointed by the Issuer as Registrar, the Issuer shall give the Indenture Trustee prompt written notice of the appointment of such Registrar and of the location, and any change in the location, of the Register. The Indenture Trustee shall have the
right to inspect the Register at all reasonable times and to obtain copies thereof. The Indenture Trustee shall have the right to fully rely upon a certificate executed on behalf of the Registrar by an authorized officer thereof as to the names and
addresses of the Noteholders and the principal amounts and number of such Notes until such time as an updated certificate is provided by the Registrar to the Indenture Trustee at which time it will be entitled to fully rely on such replacement
certificate. 
 (c) Upon surrender for registration of transfer of any Note at the Corporate Trust Office of the Indenture Trustee or the
Agency Office of the Issuer (and following the delivery, in the former case, of such Notes to the Issuer by the Indenture Trustee), the Issuer shall execute, the Indenture Trustee shall authenticate and the Noteholder shall obtain from the Indenture
Trustee, in the name of the designated transferee or transferees, one or more new Notes of the same Class in any authorized denominations of a like aggregate principal amount. 

(d) At the option of the Noteholder, Notes may be exchanged for other Notes of the same Class in any authorized denominations, of a like
aggregate principal amount and upon surrender of such Notes to be exchanged at the Corporate Trust Office of the Indenture Trustee or the Agency Office of the Issuer (and following the delivery, in the former case, of Notes to the Issuer by the
Indenture Trustee), the Issuer shall execute, and the Indenture Trustee shall authenticate and the Noteholder shall obtain from the Indenture Trustee, such Notes which the Noteholder making the exchange is entitled to receive. 

(e) All Notes issued upon any registration of transfer or exchange of other Notes shall be the valid obligations of the Issuer, evidencing the
same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

(f) Every Note presented or surrendered for registration of transfer or exchange shall be duly endorsed by, or be accompanied by a written
instrument of transfer in form satisfactory to the Indenture Trustee and the Registrar, duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, with such signature guaranteed by a commercial bank or trust
company. 

  
 4 

 (g) No service charge shall be made to a Holder for any registration of transfer or exchange of
Notes, but the Issuer or Indenture Trustee may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Notes, other than exchanges pursuant
to Section 2.03(b) or Section 9.05 not involving any transfer. 
 (h) The preceding provisions of this Section 2.04
notwithstanding, the Issuer shall not be required to transfer or make exchanges, and the Registrar need not register transfers or exchanges, (i) of Notes that are due for repayment within fifteen (15) days of submission to the Corporate
Trust Office or the Agency Office or (ii) of Notes selected for redemption. 
 (i) Neither the Indenture Trustee nor the Registrar
shall have any responsibility to monitor or restrict the transfer of beneficial ownership in any Note an interest in which is transferable through the facilities of the Depository. In addition, neither the Indenture Trustee nor the Registrar shall
have any obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under Applicable Law with respect to any transfer of any interest in any Note other than to require
delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance as to form with
the express requirements hereof. 
 Section 2.05 Mutilated, Destroyed, Lost or Stolen Notes. If (i) any mutilated Note is
surrendered to the Indenture Trustee, or the Indenture Trustee receives evidence to its satisfaction of the destruction, loss or wrongful taking of any Note, and (ii) there is delivered to the Issuer, Registrar and Indenture Trustee such
security or indemnity as may be reasonably required by it to hold the Issuer, Registrar and the Indenture Trustee, respectively, harmless, then, in the absence of notice to the Issuer, the Registrar or the Indenture Trustee that such Note has been
acquired by a Protected Purchaser (as defined in Section 8-303 of the UCC), and provided that the requirements of Section 8-405 of the UCC are met, the Issuer shall execute, and the Indenture Trustee shall authenticate and deliver, in
exchange for or in lieu of any such mutilated, destroyed, lost or wrongfully taken Note, a replacement Note of like tenor and principal amount; provided, however, that if any such destroyed, lost or wrongfully taken Note, but not a mutilated Note,
shall have become or within fifteen (15) days shall be due and payable, or shall have been called for redemption, instead of issuing a replacement Note, the Issuer may pay such destroyed, lost or stolen Note when so due or payable or upon the
Redemption Date without surrender thereof. If, after the delivery of such replacement Note or payment of a destroyed, lost or wrongfully taken Note, a Protected Purchaser of the original Note in lieu of which such replacement Note was issued
presents for payment such original Note, the Issuer and the Indenture Trustee shall be entitled to recover such replacement Note (or such payment) from the Person to whom it was delivered or any Person taking such replacement Note from such Person
to whom such replacement Note was delivered or any assignee of such Person, except a Protected Purchaser, and 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 or the Indenture Trustee in connection therewith. 
 Upon the issuance of any replacement Note under this Section 2.05,
the Issuer may require the payment by the Holder of such Note of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other reasonable expenses (including the fees and expenses of the
Indenture Trustee or the Registrar) connected therewith. 

  
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 Every replacement Note issued pursuant to this Section 2.05 in replacement of any mutilated,
destroyed, lost or wrongfully taken Note shall constitute an original additional contractual obligation of the Issuer, whether or not the mutilated, destroyed, lost or wrongfully taken Note shall be at any time enforceable by anyone, and shall be
entitled to all of the benefits of this Indenture equally and proportionately with any and all other Notes duly issued hereunder. 
 The
provisions of this Section 2.05 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 2.06 Persons Deemed Owners. Prior to due presentment for registration of transfer of any Note, the Issuer, the Indenture
Trustee, the Registrar and any agent of the Issuer, the Indenture Trustee or the Registrar may treat the Person in whose name any Note is registered (as of the day of determination) as the owner of such Note for the purpose of receiving payments of
principal of and interest, if any, on such Note and for all other purposes whatsoever, whether or not such Note be overdue, and none of the Issuer, the Indenture Trustee, the Registrar or any agent of the Issuer, the Registrar or the Indenture
Trustee shall be affected by notice to the contrary. 
 Section 2.07 Payment of Principal and Interest. The Notes shall accrue
interest during each Interest Period at the applicable Interest Rate, calculated in accordance with the terms of the Notes, and shall be payable from amounts deposited in the Collection Account in accordance with Section 5.04(a) of the Sale and
Servicing Agreement or Section 5.04(b) hereof. Interest accrued on the Notes during an Interest Period shall be due and payable on the related Payment Date. 

(a) The principal of the Notes will be due and payable in accordance with Section 5.04(b) of the Sale and Servicing Agreement or
Section 5.04(b) hereof. The principal of the Notes shall also be due and payable as follows: (i) on the Redemption Date, in an amount equal to the outstanding Note Balance, (ii) on the date of acceleration of the maturity of the Notes
pursuant to Section 5.02 in the amount of the outstanding Note Balance and (iii) to the extent any Class of Notes remain and have not been paid prior to such date, on the related Final Scheduled Payment Date for such Class of Notes in an
amount equal to the outstanding Note Balance of such Class of Notes. 
 (b) Any installment of interest or principal payable with respect to
a Note that is punctually paid or duly provided for by the Issuer on the applicable Payment Date shall be paid to the Person in whose name such Note is registered on the Record Date, by wire transfer of immediately available funds to the account of
any such Noteholder at a bank or other entity having appropriate facilities therefor, if such Noteholder shall have provided the Indenture Trustee with wiring instructions no less than two (2) Business Days prior to the related Record Date
(which wiring instructions may be in the form of a standing order applicable to all subsequent Payment Dates), or otherwise by check mailed to the address of such Noteholder as it appears in the Register; provided, however, that with respect to
Book-Entry Notes registered on 

  
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the applicable Record Date in the name of the nominee of the Depository (initially, such nominee to be Cede & Co.) for which Definitive Notes have not been issued pursuant to
Section 2.13, payment shall be made by wire transfer in immediately available funds to Cede & Co., for further credit to the account designated by such Holder. The final distribution on each Note will be made in like manner, but only
upon presentation and surrender of such Note at the Corporate Trust Office or such other location specified in the notice to Noteholders of such final distribution. With respect to Book-Entry Notes for which Definitive Notes have not been issued,
such notice shall be sent on the Business Day prior to such Payment Date by facsimile, and with respect to Definitive Notes, such notice shall be sent not later than three (3) Business Days after such Record Date in accordance with
Section 11.05, and, in each case, shall specify that such final installment shall be payable only upon presentation and surrender of such Note and shall specify the place where such Note may be presented and surrendered for payment of such
installment. The Indenture Trustee shall not be liable for any failure to provide notice to the Noteholders as required pursuant to this Section 2.07(b) to the extent it has not received notice of such expected Final Scheduled Payment Date from
the Issuer not later than two (2) Business Days after the Record Date. Notices in connection with redemptions of Notes shall be mailed to Noteholders as provided in Section 10.02. The funds represented by any such checks returned
undelivered shall be held in accordance with Section 3.03. The final interest payment on each Class of Notes is due on the date on which the Note Balance of that Class of Notes is reduced to zero (including any Redemption Date and the
applicable Final Scheduled Payment Date). 
 Section 2.08 Cancellation. All Notes surrendered for payment, registration of
transfer, exchange or redemption shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly cancelled by the Indenture Trustee. The Issuer may at any time deliver to the
Indenture Trustee for cancellation any Notes previously authenticated and delivered hereunder that the Issuer may have acquired in any manner whatsoever, and all Notes so delivered shall be promptly cancelled by the Indenture Trustee. No Notes shall
be authenticated in lieu of or in exchange for any Notes cancelled as provided in this Section 2.08, except as expressly permitted by this Indenture. All cancelled Notes may be held or disposed of by the Indenture Trustee in accordance with its
standard retention or disposal policy as in effect at the time. 
 Section 2.09 Tax Treatment; Withholding. 

(a) The Issuer has entered into this Indenture, and the Notes will be issued, with the intention that, for federal, State and local income,
single business and franchise tax purposes, the Notes will qualify as indebtedness secured by the Collateral, and, unless otherwise required by Applicable Law, the Noteholders and the Owners agree that, by acquiring any Note or interest therein,
that it will not take a position contrary to such treatment. The Issuer, by entering into this Indenture agree solely for federal, State and local income, single business and franchise tax purposes, (i) to treat the Notes as indebtedness
secured by the Collateral and (ii) not to treat the Issuer as an association (or publicly-traded partnership) taxable as a corporation, in each case, unless such treatment has been determined to be contrary to Applicable Law by a decision,
judgment, decree or other order by any court of competent jurisdiction, which decision, judgment, decree or other order is final and binding after all appeals allowed by Applicable Law. 

  
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 (b) In the event that any withholding tax is imposed on payments to a Noteholder, such tax shall
reduce the amount otherwise distributable to such Noteholder in accordance with this Section. The Indenture Trustee or Paying Agent is hereby authorized and directed to retain from amounts otherwise distributable to the Noteholders sufficient funds
for the payment of any tax that is legally owed with respect to such payment (but such authorization shall not prevent the Indenture Trustee or the Paying Agent from contesting any such tax in appropriate proceedings and withholding payment of such
tax, if permitted by Applicable Law, pending the outcome of such proceedings; provided, however, the Indenture Trustee or the Paying Agent shall not be required to contest any tax). The amount of any withholding tax imposed with respect to a
Noteholder shall be treated as cash distributed to such Noteholder at the time it is withheld by Indenture Trustee or Paying Agent and remitted to the appropriate taxing authority. If there is a possibility that withholding tax is payable with
respect to a payment (such as a payment to a non-U.S. Noteholder), the Indenture Trustee or the Paying Agent may in its sole discretion withhold such amounts in accordance with this paragraph with no liability
therefor. 
 (c) Prior to the receipt of any interest payment, any Noteholder or its transferee that is a United States person (as defined
in Section 7701(a)(30) of the Code) shall (i) provide the Indenture Trustee and the Paying Agent with Internal Revenue Service Form W-9 (or successor form) or (ii) establish to the satisfaction of the Indenture Trustee and the
Paying Agent that it is exempt from backup withholding. Each Noteholder or its transferee agrees by acceptance of a Note that, upon request of the Issuer, the Indenture Trustee or the Paying Agent, such Noteholder or its transferee will provide the
Issuer, the Indenture Trustee or the Paying Agent with a supplemental Internal Revenue Service Form W-9 (or successor form) to the extent legally able to do so and that each Noteholder or its transferee shall notify the Indenture Trustee or
Paying Agent should subsequent circumstances render such forms or exemptions incorrect or invalid. The Indenture Trustee and the Paying Agent shall be fully protected in relying upon, and each Noteholder or its transferee by its acceptance of a Note
hereunder agrees to indemnify and hold the Indenture Trustee and the Paying Agent harmless against all claims or liability of any kind arising in connection with or related to the Indenture Trustee’s and the Paying Agent’s reliance upon,
any documents, forms or information provided by any Noteholder or its transferee to the Issuer, the Indenture Trustee or the Paying Agent pursuant to this Section 2.09. 

(d) Prior to the receipt of any interest payment, any Noteholder, and upon transfer, any transferee that is not a United States person (as
defined in Section 7701(a)(30) of the Code) shall provide the Indenture Trustee and the Paying Agent with Internal Revenue Service Form W-8BEN, Form W-8ECI or other applicable Internal Revenue Service Form W-8 (or successor
forms). Each Noteholder or transferee agrees by acceptance of a Note that, upon request of the Issuer, the Indenture Trustee or the Paying Agent, such Noteholder or transferee will provide the Issuer, the Indenture Trustee or the Paying Agent with a
supplemental Internal Revenue Service Form W-8BEN, W-8ECI or other applicable Internal Revenue Service Form W-8 (or successor forms) to the extent legally able to do so and that each Noteholder or
its transferee shall notify the Indenture Trustee or Paying Agent should subsequent circumstances render such forms incorrect or invalid. The Indenture Trustee and the Paying Agent shall be fully protected in relying upon, and each Noteholder or its
transferee by its acceptance of a Note hereunder agrees to indemnify and hold the Indenture Trustee and the Paying Agent harmless against all claims or liability of any kind arising in connection with or related to the Indenture Trustee’s and
the Paying Agent’s reliance upon, any documents, forms or information provided by any Noteholder or its transferee to the Issuer, the Indenture Trustee or the Paying Agent pursuant to this Section 2.09. 

  
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 Section 2.10 [Reserved] 

Section 2.11 Book-Entry Notes. Each Note, upon original issuance, shall be issued in the form of a typewritten Note or Notes
representing the Book-Entry Notes, which shall be deposited on behalf of the purchasers of the Notes represented by such Book-Entry Note with the Depository or the Indenture Trustee, as custodian for the Depository, and registered on the Register in
the name of the Depository or a nominee thereof (initially, such nominee to be Cede & Co.). No Owner shall receive a Definitive Note representing such Owner’s interest in such Notes, except as provided in Section 2.13. Unless and
until Definitive Notes have been issued to such Owners pursuant to Section 2.13: 
 (i) the provisions of this
Section 2.11 shall be in full force and effect; 
 (ii) the Registrar, the Paying Agent and the Indenture Trustee shall
be entitled to deal with the Depository for all purposes of this Indenture (including the payment of principal of and interest on such Notes and the giving of instructions or directions hereunder) as the sole Holder of such Notes and shall have no
obligation to such Owners; 
 (iii) to the extent that the provisions of this Section 2.11 conflict with any other
provisions of this Indenture, the provisions of this Section 2.11 shall control; 
 (iv) the rights of the Owners shall
be exercised only through the Depository and shall be limited to those established by law and agreements between such Owners and the Depository and/or the Depository Participants, and unless and until Definitive Notes are issued pursuant to
Section 2.13, the initial Depository shall make book-entry transfers between the Depository Participants and receive and transmit payments of principal of and interest on such Notes to such Depository Participants, pursuant to the Depository
Agreement; and 
 (v) whenever this Indenture requires or permits actions to be taken based upon instructions or directions
of Holders of Notes evidencing a specified percentage of the Note Balance of the Outstanding Notes, the Depository shall be deemed to represent such percentage only to the extent that it has (x) received written instructions to such effect from
Owners and/or Depository Participants owning or representing, respectively, such required percentage of the beneficial interest in the Notes and (y) delivered such instructions to the Indenture Trustee. 

Section 2.12 Notices to Depository. Whenever a notice or other communication to the Noteholders is required under this Indenture,
unless and until Definitive Notes representing such Notes shall have been issued to the related Owners pursuant to Section 2.13, the Indenture Trustee shall give all such notices and communications specified herein to be given to the related
Noteholders to the Depository and shall have no obligation to such Owners. 
 Section 2.13 Definitive Notes. If for any Notes
issued as Book-Entry Notes, the Administrator advises the Indenture Trustee in writing that the Depository is no longer willing or 

  
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able to properly discharge its responsibilities with respect to such Notes and the Issuer is unable to locate a qualified successor, then the Depository shall notify all Owners and the Indenture
Trustee in writing of the occurrence of any such event and of the availability of Definitive Notes to such Owners requesting the same. Upon surrender to the Indenture Trustee of the typewritten Notes or Notes representing such Book-Entry Notes by
the Depository, accompanied by registration instructions, the Issuer shall execute and the Indenture Trustee shall authenticate the related Definitive Notes in accordance with the instructions of the Depository. None of the Issuer, the
Administrator, the Registrar or the Indenture Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be fully protected in relying on, such instructions. Upon the issuance of such Definitive
Notes, the Indenture Trustee shall recognize the Holders of such Definitive Notes as Noteholders. The Indenture Trustee shall not be liable if the Administrator or the Indenture Trustee is unable to locate a qualified successor Depository. 

If Definitive Notes are issued and the Indenture Trustee is not the Registrar, the Issuer shall furnish or cause to be furnished to the
Indenture Trustee a list of the names and addresses of the Noteholders (i) as of each Record Date, within five (5) days thereafter and (ii) within thirty (30) days after receipt by the Issuer of a request therefor. 

Section 2.14 Depositor as Noteholder. The Depositor in its individual or any other capacity may become the owner or pledgee of
Notes and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not the Depositor. 

Section 2.15 [Reserved]. 

Section 2.16 Additional Transfer Restrictions. The transfer and exchange of Book-Entry Notes or beneficial interests therein shall
be affected through the Depository, in accordance with this Indenture and the procedures of the Depository therefor, which shall include restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act.
Beneficial interests in a Book-Entry Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Book-Entry Note in accordance with the transfer restrictions set forth in the Section 2.04 and on
the legends on the forms of the Notes. 
 Section 2.17 ERISA. The Notes may, in general, be purchased by, or on behalf of, or
with “plan assets” of a Benefit Plan. A fiduciary of a Benefit Plan purchasing any such Class of Notes or a beneficial interest in such Notes, with the assets of a Benefit Plan is deemed to represent that the purchase of one or more such
Notes or a beneficial interest therein is consistent with its fiduciary duties under ERISA and does not result in a nonexempt prohibited transaction as defined in Section 406 of ERISA or Section 4975 of the Code. If the Depositor, the
Servicer, the Indenture Trustee, the Owner Trustee or any of their respective Affiliates (i) has investment or administrative discretion with respect to the assets of a Benefit Plan, (ii) has authority or responsibility to give, or
regularly gives, investment advice with respect to such Benefit Plan assets, for a fee and pursuant to an agreement or understanding that such advice will (a) serve as a primary basis for investment decisions with respect to such Benefit Plan
assets and (b) be based on the particular investment needs for such Benefit Plan or (iii) is an employer maintaining or contributing to such Benefit Plan, then a purchase of any such Class of Notes by such a Benefit Plan may represent a
conflict of interest or act of self-dealing by the fiduciary. 

  
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 ARTICLE III 

COVENANTS 
 Section 3.01
Payment of Principal and Interest. The Issuer will duly and punctually pay the principal of and interest, if any, on the Notes, and all other amounts owing hereunder or in respect of the Notes, in accordance with the terms of the Notes, this
Indenture and the Sale and Servicing Agreement. Without limiting the foregoing, subject to Section 8.02(c), on each Payment Date the Issuer shall cause all amounts deposited pursuant to the Sale and Servicing Agreement for the benefit of the
Notes to be paid to the Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of
this Indenture. 
 Section 3.02 Maintenance of Office or Agency. So long as any of the Notes remain outstanding, the Issuer will
maintain in Jacksonville, Florida, an office or agency where Notes may be surrendered for registration of transfer or exchange, and where notices and demands to or upon the Issuer in respect of the Notes and this Indenture may be served. Such office
will initially be located at the Corporate Trust Office. Definitive Notes may be surrendered for registration of transfer or exchange at the Corporate Trust Office. The Issuer will give prompt written notice to the Indenture 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 Indenture Trustee with the address thereof, such surrenders, notices and demands
may be made or served at the Corporate Trust Office, and the Issuer hereby appoints the Indenture Trustee as its agent to receive all such surrenders, notices and demands. 

Section 3.03 Money for Payments to Be Held in Trust. All payments of amounts due and payable with respect to any Notes that are to
be made from amounts withdrawn from the Trust Accounts shall be made on behalf of the Issuer by the Indenture Trustee or by another Paying Agent, and no amounts so withdrawn from any Trust Account for payments of Notes shall be paid over to the
Issuer except as provided in this Section 3.03. 
 On or before the Business Day preceding each Payment Date or the Redemption Date,
the Issuer shall deposit or cause to be deposited in the Collection Account and the Principal Distribution Account an aggregate sum sufficient to pay the amounts then becoming due under the Notes, such sum to be held in trust for the benefit of the
Persons entitled thereto, and (unless the Paying Agent is the Indenture Trustee) shall promptly notify the Indenture Trustee, in writing, of its action or failure so to act. 

  
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 The Issuer will cause each Paying Agent other than the Indenture Trustee to execute and deliver
to the Indenture Trustee an instrument in which such Paying Agent shall agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it hereby so agrees), subject to the provisions of this Section 3.03, that such Paying
Agent will: 
 (i) hold all sums held by it for the payment of amounts due with respect to the Notes in trust for the benefit
of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided and pay such sums to such Persons as herein provided; 

(ii) give the Indenture Trustee written notice of any default by the Issuer (or any other obligor on the Notes) of which it has
actual knowledge in the making of any payment required to be made with respect to the Notes; 
 (iii) at any time during the
continuance of any such default, upon the written request of the Indenture Trustee, forthwith pay to the Indenture Trustee all sums so held in trust by such Paying Agent; 

(iv) immediately resign as a Paying Agent and forthwith pay to the Indenture Trustee all sums held by it in trust for the
payment of Notes if at any time it ceases to meet the standards required to be met by a Paying Agent at the time of its appointment; and 

(v) comply with all requirements of the Code with respect to the withholding from any payments made by it on any Notes of any
applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith. 
 The
Issuer may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, by Issuer Order direct any Paying Agent to pay to the Indenture Trustee all sums held in trust by such Paying Agent, such
sums to be held by the Indenture Trustee upon the same trusts as those upon which the sums were held by such Paying Agent; and upon such payment by any Paying Agent to the Indenture Trustee, such Paying Agent shall be released from all further
liability with respect to such money. 
 Subject to Applicable Laws with respect to escheat of funds, any money held by the Indenture
Trustee or any Paying Agent in trust for the payment of any amount due with respect to any Note and remaining unclaimed for two years after such amount has become due and payable shall be discharged from such trust and be paid upon Issuer Request to
the Issuer; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Issuer for payment thereof (but only to the extent of the amounts so paid to the Issuer), and all liability of the Indenture Trustee or such
Paying Agent with respect to such trust money shall thereupon cease; provided, however, that the Indenture Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense and written direction of the Issuer cause
to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in The City of New York, notice that such money remains unclaimed and that, after a date specified therein,
which shall not be less than thirty (30) days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Issuer. The Indenture Trustee shall also adopt and employ, at the expense and written
direction of the Issuer, any other reasonable means of notification of such repayment (including mailing notice of such repayment to Holders whose Notes have been called but have not been surrendered for redemption or whose right to or interest in
moneys due and payable but not claimed is determinable from the records of the Indenture Trustee or of any Paying Agent, at the last address of record for each such Holder). 

  
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 Section 3.04 Existence. The Issuer will keep in full effect its existence, rights and
franchises as a statutory trust under the laws of the State of Delaware and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and
enforceability of this Indenture, the Notes and the Collateral, and will not dissolve or liquidate in whole or in part. 
 Section 3.05
Protection of Collateral; Manner of Perfection. 
 (a) The Issuer intends the security interest Granted pursuant to this Indenture in
favor of the Indenture Trustee on behalf of the Noteholders to be prior to all other Liens in respect of the Collateral, and the Issuer shall take all actions necessary to obtain and maintain, for the benefit of the Indenture Trustee on behalf of
the Noteholders, a first Lien on and a first priority, perfected security interest in the Collateral. 
 (b) The Issuer will from time to
time execute, deliver and file all such supplements and amendments hereto and (subject to clause (c) below) all such UCC financing statements, continuation statements, instruments of further assurance and other instruments, and will take such
other action necessary or advisable to: 
 (i) maintain or preserve the lien and security interest (and the first priority
thereof) of this Indenture or carry out more effectively the purposes hereof; 
 (ii) perfect, publish notice of or protect
the validity of any Grant made or to be made by this Indenture; 
 (iii) enforce the Indenture Trustee’s rights in any
of the Collateral; 
 (iv) preserve and defend title to the Collateral and the rights of the Indenture Trustee and the
Noteholders in such Collateral against the claims of all Persons and parties; or 
 (v) pay or cause to be paid any taxes or
assessments levied or assessed upon the Collateral when due. 
 (c) The Issuer hereby designates the Indenture Trustee, as its agent and attorney-in-fact, to execute any UCC financing statement, continuation statement or other instrument required to be executed pursuant to this Section 3.05; provided,
however, that the Issuer will have the responsibility for taking such actions, and anything herein to the contrary notwithstanding (including the authorization to file granted in this sentence), the Indenture Trustee shall have no duty,
responsibility or obligation to file any financing statements or record any documents or instruments in any public office at any time or times or otherwise perfecting or maintaining the perfection of any security interest and shall have no liability
for failing to do so. 

  
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 (d) The Issuer hereby represents and warrants that, as to the Collateral pledged to the Indenture
Trustee for the benefit of the Noteholders, on the Closing Date: 
 (i) the Indenture creates a valid and continuing security
interest (as defined in the applicable UCC) in the Collateral that is in existence in favor of the Indenture Trustee, which security interest is prior to all other liens, and is enforceable as such as against creditors of and purchasers from the
Issuer; 
 (ii) the Receivables constitute “tangible chattel paper” or “electronic chattel paper” under
the applicable UCC; 
 (iii) the Issuer owns and has good and marketable title to such Collateral free and clear of any
liens, claims or encumbrances of any Person, other than the interest Granted under this Indenture; 
 (iv) the Issuer has
acquired its ownership in such Collateral in good faith without notice of any adverse claim; 
 (v) the Trust Accounts are
not in the name of any person other than the Indenture Trustee and the Issuer has not consented to the bank maintaining the Trust Accounts to comply with the instructions of any Person other than the Indenture Trustee; 

(vi) the Issuer has not assigned, pledged, sold, granted a security interest in or otherwise conveyed any interest in such
Collateral (or, if any such interest has been assigned, pledged or otherwise encumbered, it has been released) other than interests Granted pursuant to this Indenture; 

(vii) the Issuer has caused or will have caused, within ten (10) days after the Closing Date, the filing of all
appropriate financing statements in the proper filing office in the appropriate jurisdiction under Applicable Law in order to perfect the security interest Granted hereunder in the Receivables; 

(viii) other than its Granting hereunder, the Issuer has not Granted such Collateral, the Issuer has not authorized the filing
of and is not aware of any financing statements against the Issuer that include a description of such Collateral other than the financing statement in favor of the Indenture Trustee, and the Issuer is not aware of any judgment or tax lien filing
against it; 
 (ix) the information relating to such Collateral set forth in the Schedule of Receivables (attached as
Schedule A to the Sale and Servicing Agreement) is correct; and 
 (x) the Issuer has taken all steps necessary to
perfect its security interest against the Obligor in the Financed Vehicle. 
 (e) All financing statements filed or to be filed against the
Issuer in favor of the Indenture Trustee in connection with this Indenture describing the Collateral shall contain a statement to the following effect: “A purchase of, or a security interest in, any of the collateral covered by this financing
statement will violate the rights of the secured party.” 

  
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 Section 3.06 Opinions as to Collateral. 

(a) On the Closing Date, the Issuer shall cause to be furnished to the Indenture Trustee an Opinion of Counsel either stating that, in the
opinion of such counsel, such action has been taken with respect to the recording and filing of this Indenture, any indentures supplemental hereto, and any other requisite documents, and with respect to the execution and filing of any UCC financing
statements and continuation statements, as are necessary to perfect and make effective the lien and security interest of this Indenture and reciting the details of such action, or stating that, in the opinion of such counsel, no such action is
necessary to make such lien and security interest effective. 
 (b) On or before
June 30th of each year, beginning in 2014, the Issuer shall furnish to the Indenture Trustee and the Rating Agencies an Opinion of Counsel either stating that, in the opinion of such counsel,
such action has been taken with respect to the recording, filing, re-recording and refiling of this Indenture, any indentures supplemental hereto and any other requisite documents and with respect to the execution and filing of any UCC financing
statements and continuation statements as is necessary to maintain the lien and security interest created by this Indenture, the Sale and Servicing Agreement and the Receivables Purchase Agreement and reciting the details of such action, or
stating that in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel shall also describe the recording, filing, re-recording and refiling of this Indenture, any indentures
supplemental hereto and any other requisite documents and the execution and filing of any UCC financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the lien and security interest of this
Indenture, the Sale and Servicing Agreement and the Receivables Purchase Agreement and the priority thereof until June 30th of the following calendar year. 

Section 3.07 Performance of Obligations; Servicing of Receivables. 

(a) The Issuer will not take any action and will use its best efforts not to permit any action to be taken by others that would release any
Person from any of such Person’s material covenants or obligations under any instrument or agreement included in the Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or impair the
validity or effectiveness of, any such instrument or agreement, except as expressly provided in this Indenture or the Sale and Servicing Agreement. 

(b) The Issuer may contract with other Persons to assist it in performing its duties under this Indenture, and any performance of such duties
by a Person identified to the Indenture Trustee in an Officer’s Certificate of the Issuer shall be deemed to be action taken by the Issuer, provided that any delegation shall not release the Issuer from its obligations hereunder and
under the Notes. Initially, the Issuer has contracted with the Servicer and the Administrator to assist the Issuer in performing its duties under this Indenture. 

(c) The Issuer will punctually perform and observe all of its obligations and agreements contained in this Indenture, the Basic Documents, and
in the instruments and agreements included in the Collateral, and shall enforce its rights thereunder and the obligations of the other Persons parties thereto, including filing or causing to be filed all UCC financing statements and continuation
statements required to be filed by the terms of this Indenture and the Sale and Servicing Agreement in accordance with and within the time periods provided for herein and therein. 

  
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 (d) If the Issuer shall have knowledge of the occurrence of a Servicer Termination Event or of
any other breach by a Person under any Basic Document, the Issuer shall promptly notify the Indenture Trustee, the Noteholders and the Rating Agencies thereof, and shall specify in such notice the action, if any, that the Issuer is taking with
respect to such default. If a Servicer Termination Event shall arise from the failure of the Servicer to perform any of its duties or obligations under the Sale and Servicing Agreement with respect to the Receivables, the Issuer shall take all
reasonable steps available to it to remedy such failure. 
 (e) Upon any termination of the Servicer’s rights and powers pursuant to
the Sale and Servicing Agreement, the Issuer shall promptly notify the Indenture Trustee and the Noteholders. As soon as a successor servicer (a “Successor Servicer”) is appointed, the Issuer shall notify the Indenture Trustee and
the Noteholders in writing of such appointment, specifying in such notice the name and address of such Successor Servicer. The Issuer shall not waive timely performance or observance by the Depositor, the Servicer or the Seller of their respective
duties or obligations under the Basic Documents if such waiver would reasonably be expected to materially adversely affect the interests of the Noteholders. 

Section 3.08 Negative Covenants. So long as any Notes are outstanding, the Issuer shall not: 

(a) except as expressly permitted by the Basic Documents, sell, transfer, exchange or otherwise dispose of any of the properties or assets of
the Issuer, including those included in the Collateral; 
 (b) engage in any activities other than financing, acquiring, owning, pledging
and managing the Receivables and the other Collateral as contemplated by this Indenture and the other Basic Documents; 
 (c) claim any
credit on, or make any deduction from the principal or interest payable in respect of, the Notes (other than amounts properly withheld from such payments under the Code or applicable State law) or assert any claim against any present or former
Noteholder by reason of the payment of the taxes levied or assessed upon any part of the Collateral; 
 (d) (i) permit the validity or
effectiveness of this Indenture to be impaired or permit any Person to be released from any covenants or obligations with respect to the Notes under this Indenture except as may be expressly permitted hereby, or permit the Lien of this Indenture to
be amended, hypothecated, subordinated, terminated or discharged, (ii) permit any lien, charge, excise, claim, security interest, mortgage or other encumbrance (other than the lien of this Indenture) to be created on or extend to or otherwise
arise upon or burden the Collateral or any part thereof or any interest therein or the proceeds thereof (other than tax liens, mechanics’ liens and other liens that arise by operation of law, in each case on any of the Financed Vehicles and
arising solely as a result of an action or omission of the related Obligor), (iii) permit the lien of this Indenture not to constitute a valid first priority (other than with respect to any such tax, mechanics’ or other lien) security
interest in the Collateral, (iv) dissolve or liquidate in whole or in part or (v) merge or consolidate with, or transfer substantially all of its assets to, any other Person; 

  
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 (e) take any action that, for federal, State or local income, single business and franchise tax
purposes, (i) would cause the Notes to fail to be treated as debt or (ii) would cause the Issuer to be treated as an association (or publicly-traded partnership) taxable as a corporation; or 

(f) incur, assume or guarantee or otherwise become liable for any indebtedness other than the indebtedness evidenced by the Notes or
indebtedness otherwise permitted by the Basic Documents. 
 Section 3.09 Annual Statement as to Compliance. The Issuer will
deliver to the Depositor, the Indenture Trustee and the Rating Agencies, on or before March 31 of each year an Officer’s Certificate stating, as to the Authorized Officer signing such Officer’s Certificate, that: (i) a review of
the activities of the Issuer during the preceding calendar year (or, in the case of the first such report due on or before March 31, 2014, during the period from the Closing Date to December 31, 2013) and of its performance under this
Indenture has been made under such Authorized Officer’s supervision; and (ii) to the best of such Authorized Officer’s knowledge, based on such review, the Issuer has complied with all conditions and covenants under this Indenture
throughout such year (or shorter period specified above in the case of the first such report) in all material respects or, if there has been a default in its compliance with any such condition or covenant, specifying each such default known to such
Authorized Officer and the nature and status thereof. 
 Section 3.10 Issuer May Not Merge or Consolidate. The Issuer shall not
consolidate or merge with or into any other Person. The Issuer shall not convey or transfer any of its properties or assets, including the Collateral, to any person. 

Section 3.11 No Other Business. The Issuer shall not engage in any business other than financing, purchasing, owning, selling and
managing the Receivables in the manner contemplated by this Indenture and the Basic Documents and engaging in any activities incidental thereto. The Issuer shall not fund the purchase of any receivables other than the Receivables. 

Section 3.12 No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or
indirectly, for any indebtedness, or incur any other obligations or liabilities, except for the Notes. 
 Section 3.13
Servicer’s Obligations. The Issuer shall cause the Servicer to comply with its obligations under the Sale and Servicing Agreement. 

Section 3.14 Guarantees, Loans, Advances and Other Liabilities. Except as contemplated by the Trust Agreement, the Sale and
Servicing Agreement or this Indenture, the Issuer shall not make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another’s payment or performance on any obligation or
capability of so doing or otherwise), endorse or otherwise become contingently liable, directly 

  
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or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets or securities
of, or any other interest in, or make any capital contribution to, any Person. 
 Section 3.15 Capital Expenditures. The Issuer
shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (whether consisting of realty or personalty). 

Section 3.16 Removal of Administrator. So long as any Notes are outstanding, the Issuer shall not remove the Administrator without
cause without prior satisfaction of the Rating Agency Condition. 
 Section 3.17 Restricted Payments. The Issuer shall not,
directly or indirectly, (i) pay any dividend or make any distribution (by reduction of capital or otherwise), whether in cash, property, securities or a combination thereof, to the Owner Trustee or any owner of a beneficial interest in the
Issuer or otherwise with respect to any ownership or equity interest or security in or of the Issuer or to the Servicer, (ii) redeem, purchase, retire or otherwise acquire for value any such ownership or equity interest or security or
(iii) set aside or otherwise segregate any amount for any such purpose; provided, however, that the Issuer may make, or cause to be made, distributions as contemplated by, and to the extent funds are available for such purpose under, the Sale
and Servicing Agreement, this Indenture or the Trust Agreement. The Issuer will not, directly or indirectly, make payments to or distributions from the Trust Accounts except in accordance with this Indenture and the other Basic Documents. 

Section 3.18 Notice of Events of Default. The Issuer shall give the Indenture Trustee and the Rating Agencies prompt written
notice of each Event of Default hereunder, each default on the part of the Seller, the Servicer or the Depositor of their respective obligations under the Sale and Servicing Agreement and each default on the part of the Seller or the Purchaser of
its obligations under the Receivables Purchase Agreement. 
 Section 3.19 Further Instruments and Acts. Upon request of the
Indenture Trustee, the Issuer will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

Section 3.20 Compliance with Laws. The Issuer shall comply with the requirements of all Applicable Laws, the non-compliance with which would, individually or in the aggregate, materially and adversely affect the ability of the Issuer to perform its obligations under the Notes, this Indenture or any other Basic Document to
which the Issuer is a party. 
 Section 3.21 Amendments to Sale and Servicing Agreement. The Issuer shall not agree to any
amendment to Section 10.01 of the Sale and Servicing Agreement or Section 8.2 of the Trust Agreement to eliminate the requirements thereunder that the Indenture Trustee or the Noteholders consent to amendments thereto as provided therein,
unless the Indenture Trustee or the Noteholders, as appropriate, consent to such amendment eliminating such requirement. 

  
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 ARTICLE IV 

SATISFACTION AND DISCHARGE 

Section 4.01 Satisfaction and Discharge of Indenture. This Indenture shall cease to be of further effect with respect to the Notes
except as to (i) rights of registration of transfer and exchange of outstanding Notes, (ii) substitution of mutilated, destroyed, lost or stolen Notes, (iii) rights of Noteholders to receive payments of principal thereof and interest
thereon and all other amounts with respect thereto, (iv) Sections 3.03, 3.04, 3.05, 3.08, 3.10, 3.11, 3.12, 3.16, 3.14, 3.15 and 3.17, (v) the rights and immunities of the Indenture Trustee hereunder (including the rights of the Indenture
Trustee under Section 6.07) as well as the obligations of the Indenture Trustee under Section 4.03 and (vi) the rights of Noteholders as beneficiaries hereof with respect to the property so deposited with the Indenture Trustee payable
to all or any of them, and the Indenture Trustee, on demand of and at the expense of the Issuer, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to the Notes, when: 

(1) either: (A) all Notes theretofore authenticated and delivered (other than Notes (1) that have been destroyed,
lost or stolen and that have been replaced or paid as provided in Section 2.05 and (2) for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuer and thereafter repaid to the Issuer or
discharged from such trust, as provided in Section 3.03) have been delivered to the Indenture Trustee for cancellation; or (B) all Notes not theretofore delivered to the Indenture Trustee for cancellation have become due and payable
and the Issuer has irrevocably deposited or caused to be irrevocably deposited with the Indenture Trustee, cash or direct obligations of or obligations guaranteed by the United States (which will mature prior to the date such amounts are payable),
in trust for such purpose, in an amount sufficient to pay and discharge the entire indebtedness on such Notes not theretofore delivered to the Indenture Trustee for cancellation when due to the related Final Scheduled Payment Date or Redemption Date
(if Notes shall have been called for redemption pursuant to Section 10.01), as the case may be; 
 (2) the Issuer has
paid or caused to be paid all other sums payable by the Issuer hereunder and under the other Basic Documents; and 
 (3) the
Issuer has delivered to the Depositor and the Indenture Trustee an Officer’s Certificate and an Opinion of Counsel, and (if required by the TIA or Section 11.01) an Independent Certificate, each meeting the applicable requirements of
Section 11.01(a) and, subject to Section 11.02, each stating that all conditions precedent provided for in this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 

Section 4.02 Application of Trust Money. All moneys deposited with the Indenture Trustee pursuant to this Article IV shall be held
in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the payment, either directly or through any Paying Agent, as the Indenture Trustee may determine, to the Holders of the particular Notes for the
payment or redemption of which such moneys have been deposited with the Indenture Trustee, 

  
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of all sums due and to become due thereon for principal and interest; but such moneys need not be segregated from other funds except to the extent required herein or in the Sale and Servicing
Agreement or required by Applicable Law. 
 Section 4.03 Repayment of Moneys Held by Paying Agent. In connection with the
satisfaction and discharge of this Indenture with respect to the Notes, all moneys then held by any Paying Agent other than the Indenture Trustee under the provisions of this Indenture with respect to such Notes shall, upon written demand of the
Issuer or the Indenture Trustee, be paid to the Indenture Trustee to be held and applied according to Section 3.03; and thereupon, such Paying Agent shall be released from all further liability with respect to such moneys. 

Section 4.04 Release of Collateral. Subject to Section 11.01 and except as may be provided by the terms of the Basic
Documents (including Section 8.04 hereof, Sections 3.03, 4.03 and 4.06(a) of the Sale and Servicing Agreement and Section 3.2 of the Receivables Purchase Agreement), the Indenture Trustee shall release property from the lien of this
Indenture only when the Notes shall have been Paid In Full upon receipt of an Issuer Request accompanied by an Officer’s Certificate, an Opinion of Counsel and, if required by Section 11.01, Independent Certificates in accordance with
Sections 314(c) and 314(d)(1) of the TIA or an Opinion of Counsel in lieu of such Independent Certificates to the effect that the TIA does not require any such Independent Certificates. If the Commission shall issue an exemptive order under TIA
Section 304(d) modifying the Indenture Trustee’s obligations under TIA Sections 314(c) and 314(d)(1), the Indenture Trustee shall release property from the Lien of this Indenture in accordance with the conditions and procedures set forth
in such exemptive order. . 
 Section 4.05 Satisfaction, Discharge and Defeasance of the Notes. 

(a) Upon satisfaction of the conditions set forth in Section 4.05(b), the Issuer shall be deemed to have paid and discharged the entire
indebtedness on all the Notes Outstanding, and the provisions of this Indenture, as it relates to such Notes, shall no longer be in effect (and the Indenture Trustee, at the expense of the Issuer, shall execute proper instruments acknowledging the
same), except as to: 
 (i) the rights of the Noteholders to receive, from the trust funds described in
Section 4.05(b)(i), payment of the principal of and interest on the Notes Outstanding at maturity of such principal or interest; 

(ii) the obligations of the Issuer with respect to the Notes under Sections 2.04, 2.05, 3.02 and 3.03; 

(iii) the obligations of the Issuer and Servicer to the Indenture Trustee under Section 6.07; and 

(iv) the rights, powers, trusts, protections, indemnities and immunities of the Indenture Trustee hereunder and the duties of
the Indenture Trustee hereunder. 

  
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 (b) The satisfaction, discharge and defeasance of the Notes pursuant to Section 4.05(a) is
subject to the satisfaction of all of the following conditions: 
 (i) the Issuer has deposited or caused to be deposited
irrevocably (except as provided in Section 4.03) with the Indenture Trustee as trust funds in trust, specifically pledged as security for, and dedicated solely to, the benefit of the Noteholders, which, through the payment of interest and
principal in respect thereof in accordance with their terms will provide, not later than one day prior to the due date of any payment referred to below, money in an amount sufficient, in the opinion of a nationally recognized firm of Independent
Accountants expressed in a written certification thereof delivered to the Indenture Trustee, to pay and discharge the entire indebtedness on the Notes Outstanding, for principal thereof and interest thereon to the date of such deposit (in the case
of Notes that have become due and payable) or to the maturity of such principal and interest, as the case may be; 
 (ii)
such deposit will not result in a breach or violation of, or constitute an event of default under, any Basic Document to which Issuer is party to or other agreement or instrument to which the Issuer is bound; 

(iii) no Event of Default has occurred and is continuing on the date of such deposit or on the 91st day after such date; and

 (iv) the Issuer has delivered to the Depositor and the Indenture Trustee, and the Indenture Trustee shall be fully
protected in relying upon, an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for in this Indenture relating to the defeasance contemplated by this Section have been complied with. 

ARTICLE V 
 REMEDIES 

Section 5.01 Events of Default. “Event of Default,” wherever used herein, means any one of the following events
(whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or
Governmental Authority): 
 (a) default in the payment of any interest on any Note of the Controlling Class when the same becomes due and
payable, and such default shall continue for a period of five (5) days; 
 (b) default in the payment of the principal of any Note on
the related Final Scheduled Payment Date or the Redemption Date; 
 (c) any failure by the Issuer to duly observe or perform any of its
covenants or agreements or a breach of any of its representations and warranties in this Indenture (other than as specified above in clauses (a) and (b)), which failure has a Material Adverse Effect on the Noteholders and which continues
unremedied for a period of thirty (30) days; or 
 (d) the occurrence of an Insolvency Event with respect to the Issuer. 

  
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 The Issuer shall promptly (but in any event not later than five (5) Business Days) deliver to the Indenture
Trustee written notice in the form of an Officer’s Certificate of any event that with the giving of notice and the lapse of time would become an Event of Default under clause (c) above, its status and what action the Issuer is taking or
proposes to take with respect thereto. 
 Section 5.02 Acceleration of Maturity; Rescission and Annulment. 

(a) If an Event of Default shall have occurred and be continuing (other than an Event of Default specified in Section 5.01(d)), the
Indenture Trustee in its discretion may, or if so requested in writing by the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class, shall, declare by written notice to the Issuer all of the Notes
to be immediately due and payable, and upon any such declaration (but subject to clause (b) below) the entire outstanding Note Balance, together with accrued interest thereon through the date of acceleration, shall become immediately due and
payable as provided in the Notes. If following the occurrence of an Event of Default (other than an Event of Default specified in Section 5.01(d)), the Indenture Trustee has not declared the Notes to be immediately due and payable, the Issuer
shall continue to pay interest and principal on the Notes on each Payment Date in accordance with Section 5.04 of the Sale and Servicing Agreement, until the Notes are accelerated or until a liquidation, if any, of the Trust Estate. If an Event
of Default specified in Section 5.01(d) shall have occurred and be continuing, the Notes shall automatically become immediately due and payable without any further action on the part of any Person. 

(b) At any time after declaration of acceleration of maturity has been made pursuant to clause (a) above and before a judgment or decree
for payment of the money due has been obtained by the Indenture Trustee as provided hereinafter in this Article V, the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class may, by written
notice to the Issuer and the Indenture Trustee, rescind such declaration and annul such consequences if: 
 (i) the Issuer
has paid or deposited with the Indenture Trustee a sum sufficient to pay: 
 (A) all payments of principal of and interest on
all Notes and all other amounts that would then be due hereunder or upon such Notes if the Event of Default giving rise to such acceleration had not occurred; and 

(B) all sums paid by the Indenture Trustee hereunder and the reasonable compensation, expenses and disbursements of the
Indenture Trustee and its agents and counsel and the reasonable compensation, expenses and disbursements of the Indenture Trustee and its agents and counsel. 

(ii) all Events of Default, other than the nonpayment of the principal of the Notes that has become due solely by such
acceleration, have been cured or waived as provided in Section 5.12. 
 No such rescission shall affect any subsequent default or
impair any right consequent thereto. 

  
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 Section 5.03 Collection of Indebtedness and Suits for Enforcement by Indenture Trustee;
Authority of the Controlling Class. 
 (a) The Issuer covenants that if (i) a default is made in the payment of any interest on any
Note when the same becomes due and payable, and such default continues for a period of five (5) days, or (ii) a default is made in the payment of the principal of or any installment of the principal of any Note on the related Final
Scheduled Payment Date, the Issuer will, upon demand of the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class, pay to the Indenture Trustee, for the benefit of the Noteholders, the entire
amount then due and payable on such Notes in respect of principal and interest, with interest on the overdue principal and, to the extent payment at such rate of interest shall be legally enforceable, on overdue installments of interest at the rate
then applicable to the Notes and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses and disbursements of the Indenture Trustee and its
agents and counsel. 
 (b) In case the Issuer shall fail forthwith to pay such amounts upon such demand or if any such amounts became due
and payable automatically pursuant to the terms of Section 5.02(a), the Indenture Trustee, in its own name and as trustee of an express trust, may (and at the written direction of the Noteholders representing a majority of the Note Balance of
the Outstanding Notes of the Controlling Class shall) institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and may enforce the same against the Issuer or other
obligor on such Notes and collect in the manner provided by law out of the Collateral or the property of any other obligor on such Notes, wherever situated, the moneys adjudged or decreed to be payable. 

(c) If an Event of Default occurs, the Indenture Trustee may, as more particularly provided in Section 5.04, in its discretion, or shall
at the written direction of the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class, proceed to protect and enforce its rights and the rights of the Noteholders, by such appropriate Proceedings
as the Indenture Trustee or the Indenture Trustee at the written direction of the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class shall reasonably deem most effective to protect and enforce
any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy or legal or equitable right vested in the Indenture
Trustee by this Indenture or by law. 
 (d) In case there shall be pending, relative to the Issuer or any other obligor on the Notes or any
Person having or claiming an ownership interest in the Collateral, Proceedings under Title 11 of the United States Code or any other applicable federal or State bankruptcy, insolvency or other similar law, or in case a receiver, assignee or
trustee in bankruptcy or reorganization, or liquidator, sequestrator or similar official shall have been appointed for or taken possession of the Issuer or its property or CRB or its property or such other obligor or Person, or in case of any other
comparable Proceedings relative to the Issuer or other obligor on the Notes or CRB, or to the creditors or property of the Issuer or such other obligor or CRB, the Indenture Trustee, irrespective of whether the principal of any Notes shall then be
due and payable as therein expressed or by declaration or otherwise and irrespective of whether the 

  
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Indenture Trustee shall have made any demand pursuant to the provisions of this Section 5.03, shall be entitled and empowered (and at the written direction of the Noteholders representing a
majority of the Note Balance of the Outstanding Notes of the Controlling Class shall), by intervention in such Proceedings or otherwise: 

(i) to file and prove a claim or claims for the entire amount of principal and interest owing and unpaid in respect of the
Notes and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Indenture Trustee (including any claim for reasonable compensation to the Indenture Trustee and each predecessor Indenture Trustee,
and their respective agents, attorneys and counsel, and for reimbursement of reasonable out-of-pocket expenses and liabilities incurred, by the Indenture Trustee and each predecessor Indenture Trustee, except as a result of negligence or bad faith)
and of the Noteholders allowed in such Proceedings; 
 (ii) unless prohibited by Applicable Law, to vote on behalf of the
Noteholders in any election of a trustee, a standby trustee or a Person performing similar functions in any such Proceedings; 

(iii) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute all
amounts received with respect to the claims of the Noteholders and of the Indenture Trustee on their behalf; and 
 (iv) to
file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of the Indenture Trustee or the Noteholders allowed in any Proceedings relative to the Issuer, its creditors or its property; 

and any trustee, receiver, liquidator, custodian or other similar official in any such Proceeding is hereby authorized by each of such
Noteholders to make payments to the Indenture Trustee for application in accordance with Section 5.04 of the Sale and Servicing Agreement and, in the event that the Indenture Trustee shall consent to the making of payments directly to such
Noteholders, to pay to the Indenture Trustee such amounts as shall be sufficient to cover reasonable compensation to the Indenture Trustee, each predecessor Indenture Trustee and their respective agents, attorneys and counsel, and all other expenses
and amounts due and owing to the Indenture Trustee under Section 6.07. 
 (e) Nothing herein contained shall be deemed to authorize the
Indenture Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Noteholder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder or to authorize the Indenture
Trustee to vote in respect of the claim of any Noteholder in any such Proceeding except, as aforesaid, to vote for the election of a trustee in bankruptcy or similar Person. 

(f) All rights of action and of asserting claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee
without the possession of any of the Notes or the production thereof in any Proceedings relative thereto, and any such Proceedings instituted by the Indenture Trustee shall be brought in its own name as trustee of an express trust, and any

  
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recovery of judgment, subject to the payment of the expenses, disbursements and compensation of the Indenture Trustee, each predecessor Indenture Trustee and their respective agents and
attorneys, shall be for the ratable benefit of the Holders of the Notes. 
 (g) In any Proceedings brought by the Indenture Trustee (and
also any Proceedings involving the interpretation of any provision of this Indenture to which the Indenture Trustee shall be a party), the Indenture Trustee shall be held to represent all of the Holders of the Notes, and it shall not be necessary to
make any Noteholder a party to any such Proceedings. 
 Section 5.04 Remedies; Priorities. 

(a) If an Event of Default shall have occurred and be continuing, the Indenture Trustee may, and at the written direction of the Noteholders
representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class shall, do one or more of the following (subject to Sections 5.02 and 5.05): 

(i) institute Proceedings in its own name and as trustee of an express trust for the collection of all amounts then payable on
the Notes or under this Indenture with respect thereto, whether by declaration or otherwise, enforce any judgment obtained and collect from the Issuer and any other obligor on such Notes moneys adjudged due; 

(ii) institute Proceedings from time to time for the complete or partial foreclosure of this Indenture with respect to the
Collateral; 
 (iii) exercise any remedies of a secured party under the UCC and take any other appropriate action to protect
and enforce the rights and remedies of the Indenture Trustee and the Holders of the Notes; and 
 (iv) sell the Collateral or
any portion thereof or rights or interest therein, at one or more public or private sales called and conducted in any manner permitted by law; provided, however, notwithstanding anything else herein to the contrary, that the Indenture Trustee may
not sell or otherwise liquidate the Collateral following an Event of Default, other than an Event of Default described in Section 5.01(a) or (b), unless, (x) the Noteholders representing 100% of the Note Balance of the Outstanding Notes
voting as a single class consents thereto, (y) the proceeds of such sale or liquidation distributable to the Noteholders are sufficient to discharge in full all amounts then due and unpaid on such Notes in respect of principal and interest, or
(z) the Indenture Trustee determines that the Collateral will not continue to provide sufficient funds for the payment of principal of and interest on the Notes as they would have become due if the Notes had not been declared due and payable,
and the Indenture Trustee obtains the consent of the Noteholders representing 66 2⁄3% of the Note Balance of the Outstanding Notes voting as a single class;
provided, further, that the Depositor or its Affiliates may not participate in such sales as long as any of them is a Noteholder. 

In determining such sufficiency or insufficiency with respect to clause (y) and (z) above, the Indenture Trustee may, at the
Issuer’s expense whether or not the Collateral is sold (unless it is paid in the priority set forth in Section 5.04(b) in connection with a sale of Collateral) but need not, obtain and conclusively rely upon an opinion of an Independent
investment banking or accounting firm of national reputation as to the sufficiency of the Collateral for such purpose. 

  
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 (b) If the Indenture Trustee collects any money or property pursuant to this Article V and
the Notes have been accelerated, it shall pay out such money or property (and other amounts, including all amounts held on deposit in the Reserve Account) held as Collateral for the benefit of the Noteholders (net of liquidation costs associated
with the sale of the Collateral) in the following order of priority: 
 (i) first, to the Indenture Trustee, the Owner
Trustee and the Administrator, any accrued and unpaid fees, indemnity payments and reasonable expenses permitted under the Basic Documents; 

(ii) second, to the Servicer, the Servicing Fee and all unpaid Servicing Fees and to the Backup Servicer, the Backup Servicing
Fee and all unpaid Backup Servicing Fees with respect to prior Collection Periods; 
 (iii) third, pro rata, to the Holders
of the Class A-1 Notes and the Holders of the Class A-2 Notes, the Accrued Class A-1 Note Interest and the Accrued Class A-2 Note Interest; 

(iv) fourth, if (x) the Receivables have been sold after an Event of Default has occurred or (y) an Event of Default
described in Section 5.01(a), (b) or (d) has occurred, in the following order of priority: 
 (A) to the
Holders of the Class A-1 Notes in respect of principal thereon until the Class A-1 Notes have been Paid In Full; 

(B) to the Holders of the Class A-2 Notes in respect of principal thereon until the Class A-2 Notes have been Paid In
Full; 
 (C) to the Holders of the Class B Notes, the Accrued Class B Note Interest; 

(D) to the Holders of the Class B Notes in respect of principal thereon until the Class B Notes have been Paid In
Full; 
 (E) to the Holders of the Class C Notes, the Accrued Class C Note Interest; 

(F) to the Holders of the Class C Notes in respect of principal thereon until the Class C Notes have been Paid In
Full; 

  
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 (v) fifth, if an Event of Default other than that described in
clause (iv) directly above has occurred and the Receivables have not been sold after such Event of Default has occurred, in the following order of priority: 

(A) to the Holders of the Class B Notes, the Accrued Class B Note Interest; 

(B) to the Holders of the Class C Notes, the Accrued Class C Note Interest; 

(C) to the Holders of the Class A-1 Notes in respect of principal thereon until the Class A-1 Notes have been Paid In
Full; 
 (D) to the Holders of the Class A-2 Notes in respect of principal thereon until the Class A-2 Notes have
been Paid In Full; 
 (E) to the Holders of the Class B Notes in respect of principal thereon until the Class B
Notes have been Paid In Full; 
 (F) to the Holders of the Class C Notes in respect of principal thereon until the
Class C Notes have been Paid In Full; 
 (vi) sixth, any remaining funds shall be distributed to the Certificateholders.

 (c) The Indenture Trustee may fix a record date and payment date for any payment to Noteholders pursuant to this Section 5.04. At
least fifteen (15) days before such record date, the Issuer shall mail to each Noteholder and the Indenture Trustee a notice that states the record date, the payment date and the amount to be paid. 

Section 5.05 Optional Preservation of the Collateral. If the Notes have been declared to be due and payable under
Section 5.02 following an Event of Default, and such declaration and its consequences have not been rescinded and annulled, the Indenture Trustee may (and if instructed in writing by the Noteholders representing a majority of the Note Balance
of the Outstanding Notes of the Controlling Class shall), elect to maintain possession of the Collateral. It is the desire of the parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and
interest on the Notes, and the Indenture Trustee shall take such desire into account when determining whether or not to maintain possession of the Collateral. In determining whether or not to maintain possession of the Collateral, the Indenture
Trustee may (and if instructed in writing by the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class shall), obtain (and may conclusively rely upon) an opinion of an Independent investment
banking or accounting firm of national reputation as to the feasibility of such proposed action and as to the sufficiency of the Collateral for such purpose. Such opinion shall be at the expense of the Issuer regardless of whether or not the
Collateral is sold unless it is paid in the priority set forth in Section 5.04(b)(i) in connection with a sale of Collateral. 

  
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 Section 5.06 Limitation of Suits. 

(a) No Noteholder shall have any right to institute any Proceeding, judicial or otherwise, with respect to this Indenture, or for the
appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (i) such Holder has previously given
written notice to the Indenture Trustee of a continuing Event of Default; 
 (ii) the Holders of not less than 25% of the
Outstanding Note Balance of the Notes have made written request to the Indenture Trustee to institute such Proceeding in respect of such Event of Default in its own name as Indenture Trustee hereunder; 

(iii) such Holder or Holders have offered to the Indenture Trustee reasonable indemnity satisfactory to it against the costs,
expenses and liabilities that may be incurred in complying with such request; 
 (iv) the Indenture Trustee for thirty
(30) days after its receipt of such notice, request and offer of indemnity has failed to institute such Proceedings; and 

(v) no direction inconsistent with such written request has been given to the Indenture Trustee during such thirty
(30) day period by Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class. 
 (b) It
is understood and intended that no one or more Noteholders shall have any right in any manner whatsoever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Noteholders or to
obtain or to seek to obtain priority or preference over any other Holders or to enforce any right under this Indenture, except as set forth herein. 

(c) In the event the Indenture Trustee shall receive conflicting or inconsistent requests and indemnity from two or more groups of Noteholders
pursuant to this Section 5.06, each representing less than a majority of the Outstanding Note Balance of the Controlling Class of Notes, the Indenture Trustee shall only act at the written direction of the Noteholders representing a majority of
the Note Balance of the Outstanding Notes of the Controlling Class. 
 Section 5.07 Unconditional Rights of Noteholders to Receive
Principal and Interest. Notwithstanding any other provisions in this Indenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Note on or after the
respective due dates thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the
consent of such Holder. 
 Section 5.08 Restoration of Rights and Remedies. If the Indenture Trustee or any Noteholder has
instituted any Proceeding to enforce any right or remedy under this Indenture and such Proceeding has been discontinued or abandoned for any reason or has been determined adversely to the Indenture Trustee or to such Noteholder, then and in every
such case the Issuer, the Indenture Trustee and the Noteholders shall, subject to any determination in such Proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the
Indenture Trustee and the Noteholders shall continue as though no such Proceeding had been instituted. 

  
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 Section 5.09 Rights and Remedies Cumulative. No right or remedy herein conferred upon
or reserved to the Indenture Trustee or to the Noteholders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by Applicable Law, be cumulative and in addition to every other right and
remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right
or remedy. 
 Section 5.10 Delay or Omission Not a Waiver. No delay or omission of the Indenture Trustee, or any Noteholder to
exercise any right or remedy accruing upon any Default or Event of Default shall impair any such right or remedy or constitute a waiver of any such Default or Event of Default or acquiescence therein. Every right and remedy given by this
Article V or by law to the Indenture Trustee or to the Noteholders may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee or the Noteholders, as the case may be. 

Section 5.11 Control by Controlling Class. The Holders of a majority of the Note Balance of the Outstanding Notes of the
Controlling Class shall have the right to direct the time, method and place of conducting any Proceeding for any remedy available to the Indenture Trustee with respect to the Notes or this Agreement or exercising any trust or power conferred on the
Indenture Trustee hereunder or under the Notes or any other Basic Document; provided, however, that (i) such direction shall not be in conflict with any rule of law or with this Indenture, (ii) the Indenture Trustee may take any other
action reasonably deemed proper by the Indenture Trustee that is not inconsistent with such direction, (iii) subject to the terms of Section 5.04, any direction to the Indenture Trustee to sell or liquidate the Collateral shall be by
Holders of Notes evidencing not less than 100% of the Note Balance and (iv) if the conditions set forth in Section 5.05 have been satisfied and the Indenture Trustee elects to retain the Collateral pursuant to such Section, then any
direction to the Indenture Trustee by the Holders of Notes evidencing less than 100% of the Note Balance to sell or liquidate the Collateral shall be of no force and effect. Notwithstanding the rights of Noteholders set forth in this
Section 5.11, subject to Section 6.01, the Indenture Trustee need not take any action that it reasonably determines might involve it in liability (unless it is offered a reasonable indemnity satisfactory to it) or might materially
adversely affect the rights of any Noteholders not consenting to such action. 
 Section 5.12 Waiver of Past Defaults. Prior to
the declaration of the acceleration of the maturity of the Notes as provided in Section 5.02, the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class may waive any past Default or Event of
Default and its consequences except a Default (i) in payment of principal of or interest on any of the Notes or (ii) in respect of a covenant or provision hereof that cannot be modified or amended without the consent of the Holder of each
Note. In the case of any such waiver, the Issuer, the Indenture Trustee and the Holders of the Notes shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other Default
or Event of Default or impair any right consequent thereto. 
 Upon any such waiver, such Default or Event of Default shall cease to exist
and be deemed to have been cured and not to have occurred, and any Event of Default arising therefrom 

  
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shall be deemed to have been cured and not to have occurred, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or Event of Default or impair
any right consequent thereto. 
 Section 5.13 Undertaking for Costs. All parties to this Indenture agree, and each Noteholder by
such Holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Indenture Trustee for any
action taken, suffered or omitted by it as Indenture Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable
attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section 5.13 shall not apply to any suit instituted
by (i) the Indenture Trustee, (ii) any Noteholder, or group of Noteholders, in each case holding in the aggregate more than 50% of the Note Balance of the Outstanding Notes, or (iii) any Noteholder for the enforcement of the payment
of principal of or interest on any Note on or after the respective due dates expressed in such Note and in this Indenture (or, in the case of redemption, on or after the Redemption Date). 

Section 5.14 Waiver of Stay or Extension Laws. The Issuer covenants (to the extent that it may lawfully do so) that it will not at
any time insist upon, or plead or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this
Indenture; and the Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Indenture
Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
 Section 5.15 Action
on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes or under this Indenture shall not be affected by the seeking, obtaining or application of any other relief under or with respect to this Indenture. Neither
the lien of this Indenture nor any rights or remedies of the Indenture Trustee or the Noteholders shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon
any portion of the Collateral or upon any of the assets of the Issuer. Any money or property collected by the Indenture Trustee shall be applied in accordance with Section 5.04(b). 

Section 5.16 Performance and Enforcement of Certain Obligations. 

(a) Promptly following a request from the Indenture Trustee (which request the Indenture Trustee shall make if instructed in writing to do so
by the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class) to do so and at the Administrator’s expense, the Issuer shall take all such lawful action as the Indenture Trustee may request to
compel or secure the performance and observance by CRB of each of its obligations to the Issuer under or in connection with the Basic Documents and to exercise any and all rights, remedies, powers and privileges lawfully available to the Issuer
under or in connection with the Basic Documents to the extent and in the manner directed by the Indenture Trustee, including the transmission of notices of default on the part of CRB or the Depositor

  
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thereunder and the institution of legal or administrative actions or proceedings to compel or secure performance by CRB or the Depositor of its obligations under the Basic Documents; provided,
however, nothing herein shall in any way impose on the Indenture Trustee the duty to monitor the performance of CRB of any of its liabilities, duties or obligations under any Basic Documents or to compel CRB to so perform and the Indenture Trustee
shall have no liability for failing to do so. 
 (b) If an Event of Default has occurred and is continuing, the Indenture Trustee may, and,
subject to the requirements of the last sentence of Section 5.11, at the direction (which direction shall be in writing or by telephone (confirmed in writing promptly thereafter)) of Holders of Notes evidencing not less than 66 2⁄3% of the Note Balance of the Controlling Class shall, exercise all rights, remedies, powers, privileges and claims of the Issuer against the Depositor, the
Seller or the Servicer under or in connection with the Sale and Servicing Agreement or against the Seller under or in connection with the Receivables Purchase Agreement, including the right or power to take any action to compel or secure performance
or observance by the Depositor, the Seller or the Servicer, as the case may be, of its obligations to the Issuer thereunder and to give any consent, request, notice, direction, approval, extension or waiver under the Sale and Servicing Agreement or
the Receivables Purchase Agreement, as the case may be, and any right of the Issuer to take such action shall be suspended. 
 (c) If an
Event of Default shall have occurred and be continuing, the Indenture Trustee may, and, subject to the requirements of the last sentence of Section 5.11, at the direction (which direction shall be in writing or by telephone (confirmed in
writing promptly thereafter)) of the Holders of Notes evidencing not less than 66 2⁄3% of the Note Balance of the Controlling Class shall, exercise all rights,
remedies, powers, privileges and claims of the Depositor against the Seller under or in connection with the Receivables Purchase Agreement, including the right or power to take any action to compel or secure performance or observance by the Seller
of its obligations to the Depositor thereunder and to give any consent, request, notice, direction, approval, extension or waiver under the Receivables Purchase Agreement, and any right of the Depositor to take such action shall be suspended. 

ARTICLE VI 
 THE INDENTURE TRUSTEE

 Section 6.01 Duties of Indenture Trustee. If an Event of Default has occurred and is continuing of which a Trust Officer of
the Indenture Trustee has actual knowledge, the Indenture Trustee shall exercise the rights and powers vested in it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the
circumstances in the conduct of such person’s own affairs. 
 (a) Except during the continuance of an Event of Default, the Indenture
Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no implied covenants or obligations shall be read into this Indenture against the Indenture Trustee; and in the absence of bad faith
or negligence on its part, the Indenture Trustee may conclusively rely, as to the truth of the statements and the correctness of the 

  
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opinions expressed therein, upon the face value of the certificates, reports, resolutions, documents, orders, opinions or other instruments furnished to the Indenture Trustee provided under this
Indenture and conforming to the requirements of this Indenture; provided, however, that the Indenture Trustee shall not be responsible for the accuracy or content of any such resolution, certificate, statement, opinion, report, document, order or
other instrument; however, the Indenture Trustee shall examine any Officer’s Certificate or Opinion of Counsel issued pursuant to the provisions of this Indenture to determine whether or not they conform to the requirements of this Indenture;
if any such instrument is found not to conform in any material respect to the requirements of this Indenture, the Indenture Trustee shall notify the Noteholders of such instrument in the event that the Indenture Trustee, after so requesting, does
not receive a satisfactorily corrected instrument. 
 (b) The Indenture Trustee may not be relieved from liability for its own negligent
action, its own negligent failure to act, its own bad faith or its own willful misconduct, except that: 
 (i) this paragraph
does not limit the effect of Section 6.01(a); 
 (ii) the Indenture Trustee shall not be liable for any error of
judgment made in good faith by a Trust Officer unless it is proved that the Indenture Trustee was negligent in ascertaining the pertinent facts; and 

(iii) the Indenture Trustee shall not be liable with respect to any action it takes or omits to take in good faith in
accordance with a direction received by it in accordance with the terms of this Indenture or any other Basic Document. 
 (c) The Indenture
Trustee shall not be liable for indebtedness evidenced by or arising under any of the Basic Documents, including principal of or interest on the Notes, or interest on any money received by it except as the Indenture Trustee may agree in writing with
the Issuer. 
 (d) Money held in trust by the Indenture Trustee need not be segregated from other funds except to the extent required by
Applicable Law or the terms of this Indenture or the Sale and Servicing Agreement. 
 (e) No provision of this Indenture shall require the
Indenture Trustee to advance, expend or risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe
that repayment of such funds or adequate indemnity satisfactory to it against such risk or liability is not reasonably assured to it. 
 (f)
Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Indenture Trustee shall be subject to the provisions of this Section 6.01 and the provisions of the TIA. 

(g) Except as provided in Section 8.03(b) of the Sale and Servicing Agreement, the Indenture Trustee shall not be required to perform, or
be responsible for the manner of performance of, any of the obligations of the Servicer or any other party under the Sale and Servicing Agreement. 

  
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 (h) The Indenture Trustee shall have no duty (A) to see to any recording, filing, or
depositing of this Indenture or any agreement referred to herein or any UCC financing statement or continuation statement evidencing a security interest, or to see to the maintenance of any such recording or filing or depositing or to any
rerecording, refiling or redepositing of any thereof, (B) to see to any insurance, or (C) to see to the payment or discharge of any tax, assessment, or other governmental charge or any lien or encumbrance of any kind owing with respect to,
assessed or levied against, any part of the Trust Account Property. The Indenture Trustee shall take all actions as directed in writing by the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class
that are consistent with this Indenture. 
 For purposes of this Section 6.01, the Indenture Trustee, or a Trust Officer thereof, shall
only be charged with actual knowledge of any Default or an Event of Default if a Trust Officer actually knows of such Default or Event of Default or the Indenture Trustee receives written notice of such Default or Event of Default from the Issuer,
the Servicer or any Noteholder in accordance with Section 11.04. Subject to the foregoing, the Indenture Trustee shall not be required to take notice and in the absence of such actual notice and knowledge, the Indenture Trustee may conclusively
assume that there is no such Default or Event of Default. 
 Section 6.02 Rights of Indenture Trustee. The Indenture Trustee may
conclusively rely on the face value of any document reasonably believed by it to be genuine and to have been signed or presented by the proper person. The Indenture Trustee need not investigate any fact or matter stated in any such document. 

(a) Before the Indenture Trustee acts or refrains from acting, it may require an officer’s certificate or an Opinion of Counsel from the
appropriate party. The Indenture Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on an Officer’s Certificate or Opinion of Counsel from the appropriate party. 

(b) The Indenture Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys or a custodian or nominee and the Indenture Trustee shall not be responsible for any willful misconduct or gross negligence on the part of any such agent, attorney or custodian reasonably selected by the Indenture Trustee with
due care provided that any such appointment shall not release the Indenture Trustee from its obligations and responsibilities hereunder. 

(c) The Indenture Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or
within its rights or powers; provided that the Indenture Trustee’s conduct does not constitute willful misconduct, negligence or bad faith. 

(d) The Indenture Trustee may consult with counsel reasonably selected by it at the Issuer’s expense, and the advice or Opinion of
Counsel with respect to legal matters relating to this Indenture and the Notes shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance
with the advice or opinion of such counsel. 
 (e) In no event shall the Indenture Trustee be responsible or liable for special, indirect,
incidental, punitive or consequential loss or damage of any kind whatsoever (including 

  
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loss of profit) irrespective of whether any such damages were foreseeable or contemplated even if the Indenture Trustee has been advised of the likelihood of such loss or damage and regardless of
the form of action. 
 (f) The Indenture Trustee may rely and shall be protected in acting or refraining from acting upon any resolution,
Officer’s Certificate, opinion of counsel, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, direction, order, appraisal, bond or other paper or document believed by it to be
genuine and to have been signed or presented by the proper party or parties. 
 (g) In making or disposing of any investment permitted by
this Indenture, the Indenture Trustee is authorized to deal with itself (in its individual capacity) or with any one or more of its Affiliates, in each case on an arm’s-length basis and on standard market terms, whether it or such Affiliate is
acting as a subagent of the Indenture Trustee or for any third person or dealing as principal for its own account. 
 (h) Delivery of
reports, information and documents to the Indenture Trustee shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s or any other entity’s
compliance with any covenants under this Indenture, the Notes or any other related documents. The Indenture Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the Issuer’s or any other entity’s
compliance with the covenants described herein or with respect to any reports or other documents filed under this Indenture, the Notes or any other related document. 

(i) No provision of this Indenture or any other Basic Document shall be deemed to impose any duty or obligation on the Indenture Trustee to
take or omit to take any action, or suffer any action to be taken or omitted, in the performance of its duties or obligations under the Basic Documents, or to exercise any right or power thereunder, to the extent that taking or omitting to take such
action or suffering such action to be taken or omitted would violate Applicable Law binding upon it. 
 In the event that the Indenture
Trustee is also acting as Paying Agent, Registrar, Securities Intermediary agent, collateral agent or custodian, the rights, privileges, immunities, benefits and protections afforded to the Indenture Trustee, including its right to be indemnified
pursuant to this Article VI, shall be afforded to such Paying Agent, Registrar, Securities Intermediary, agent, collateral agent or custodian employed to act hereunder; provided, however, that: 

(i) the Indenture Trustee shall be under no obligation to exercise any of the trusts or powers vested in it by this Indenture,
institute, conduct or defend any litigation hereunder or in relation hereto at the request, order or direction of any of the Noteholders, pursuant to the provisions of this Indenture, unless such Noteholders shall have offered to the Indenture
Trustee reasonable security or indemnity satisfactory to it in its reasonable discretion against the costs, expenses and liabilities which may be incurred therein or thereby; 

  
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 (ii) the right of the Indenture Trustee to perform any discretionary act
enumerated in this Indenture shall not be construed as a duty, and the Indenture Trustee shall not be answerable for other than its negligence or willful misconduct in the performance of such act; 

(iii) the Indenture Trustee shall not be required to give any bond or surety in respect of the powers granted hereunder; and

 (iv) the Indenture Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, instrument, opinion, report, notice, request, direction, consent, order, or other paper or document reasonably and in good faith believed by the Indenture Trustee to be accurate, but the Indenture Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Indenture Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books and records of the
Issuer, personally, or by agent or attorney at the sole cost of the Issuer and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

Section 6.03 Individual Rights of Indenture Trustee. Subject to its obligations hereunder and under any other Basic Document, the
Indenture Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Indenture Trustee. Subject to its
obligations hereunder and under any other Basic Document, the Paying Agent, Registrar, co-registrar or co-paying agent may do the same with like rights. 

Section 6.04 Indenture Trustee’s Disclaimer. Except as otherwise provided in Section 6.14 and the Indenture
Trustee’s certificate of authentication on the Notes, the Indenture Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, the Collateral or the Notes, it shall not be accountable for
the Issuer’s use of the proceeds from the Notes, and it shall not be responsible for any statement of the Issuer in the Indenture, any other Basic Document or in any document issued in connection with the sale of the Notes or in the Notes. 

Section 6.05 Notice of Defaults; Repurchase Requests. 

(a) If a Default occurs and is continuing and if it is actually known to a Trust Officer of the Indenture Trustee, the Indenture Trustee shall
deliver to each Noteholder notice of the Default within five (5) Business Days after it occurs. 
 (b) Not later than the fifth day of
each calendar month (or, if such day is not a Business Day, the immediately following Business Day), beginning December 5, 2013, the Indenture Trustee shall provide to the Administrator a notice in substantially the form of Exhibit D with
respect to any requests received by a Responsible Officer of the Indenture Trustee from a Noteholder during the immediately preceding calendar month (or, in the case of the initial notice, since the Closing Date) that any Receivable be repurchased
by the Seller pursuant to Sections 3.03 and 4.07 of the Sale and Servicing Agreement or Section 3.3 of the Receivables Purchase Agreement. The Indenture Trustee and the Issuer acknowledge and agree

  
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that the purpose of this subsection is to facilitate compliance by CRB and the Depositor with Rule 15Ga-1 under the Exchange Act. Provided that the Indenture Trustee has timely performed its
obligations hereunder, in no event will the Indenture Trustee have any responsibility or liability in connection with any filing required to be made by a securitizer under the Exchange Act. The Indenture Trustee agrees to comply with reasonable
requests made by CRB and the Depositor in good faith for delivery of information within its possession which is freely deliverable under these provisions on the basis of evolving interpretations of such Rule. The Indenture Trustee shall cooperate
fully with all reasonable requests of CRB and the Depositor to deliver any and all records and any other information, in each case in its possession, necessary to permit CRB and the Depositor to comply with the provisions of such Rule. 

Section 6.06 Reports by Indenture Trustee to Holders. The Indenture Trustee at the expense of the Issuer shall deliver or
otherwise make available to each Noteholder at such Noteholder’s prior written request such information as may be reasonably required to enable such holder to prepare its federal and State income tax returns as and to the extent provided in
Section 7.04(b) or such other information reasonably requested by any Noteholder, in each case solely to the extent not previously delivered or made available to such Noteholder and reasonably available to the Indenture Trustee. The Indenture
Trustee shall provide or otherwise make available to each Noteholder upon written request, copies of the Basic Documents, the report regarding the Servicer’s compliance and the accountants’ attestation delivered pursuant to
Section 4.10 of the Sale and Servicing Agreement. The above information shall be provided to the Indenture Trustee by the Issuer or the Administrator on its behalf. 

Section 6.07 Compensation and Indemnity. 

(a) The Issuer shall cause the Servicer to pay to the Indenture Trustee from time to time such compensation for its services as shall be
agreed in writing. The Indenture Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall cause the Servicer to reimburse the Indenture Trustee for all reasonable and actual
out-of-pocket expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable and actual
out-of-pocket compensation and expenses, disbursements and advances of the Indenture Trustee’s agents, counsel, accountants and experts. The Issuer shall cause the
Servicer to indemnify the Indenture Trustee (including its officers, directors, employees and agents) for, and hold it harmless against, any and all loss, liability, damage, claim or expense (including any reasonable attorneys’ fees and
expenses) directly or indirectly related to, arising out of or otherwise incurred by it in connection with the administration of the trusts created by this Indenture and the performance of its duties as Indenture Trustee under the Basic Documents.
The Indenture Trustee shall notify the Issuer and the Servicer promptly of any claim for which it may seek indemnity. To the extent these fees and indemnification amounts are not paid by the Servicer, they will be paid out of Available Funds as
described in the Sale and Servicing Agreement. Failure by the Indenture Trustee to so notify the Issuer and the Servicer shall not relieve the Issuer or the Servicer of its obligations hereunder if no prejudice to the Issuer or the Servicer shall
have resulted from such failure. The Issuer shall, or shall cause the Servicer to, defend any such claim, and the Indenture Trustee may have separate counsel and the Issuer shall, or shall cause the Servicer to, pay the fees and expenses of such
counsel. Notwithstanding the foregoing, neither the Issuer nor the Servicer need reimburse any expense or indemnify against 

  
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any loss, liability or expense incurred by the Indenture Trustee through or arising from (i) the Indenture Trustee’s own willful misconduct, negligence or bad faith (including such
conduct of its officers, directors, employees or agents), (ii) the breach of any of the Indenture Trustee’s representations or warranties hereunder, (iii) the negligence or willful misconduct of the Indenture Trustee in connection
with its performance of the duties of successor Servicer under the Sale and Servicing Agreement, or (iv) any taxes fees or other charges on, based on or measure by, any fees, commissions or compensation received by the Indenture Trustee. 

(b) When the Indenture Trustee incurs expenses after the occurrence of an Event of Default specified in Section 5.01(d) with respect to
the Issuer, such expenses are intended to constitute expenses of administration under Title 11 of the United States Code or any other applicable federal or State bankruptcy, insolvency or similar law. 

(c) The provisions of this Section 6.07 shall survive the termination of this Indenture or the resignation or removal of the Indenture
Trustee. 
 Section 6.08 Replacement of Indenture Trustee. 

(a) The Indenture Trustee may resign at any time by so notifying the Issuer, the Depositor and each Rating Agency. The Holders of a majority
of the Note Balance of the Outstanding Notes may remove the Indenture Trustee without cause by so notifying the Indenture Trustee, the Issuer, the Depositor and each Rating Agency, and may appoint a successor Indenture Trustee. The Issuer shall
remove the Indenture Trustee if: 
 (i) the Indenture Trustee fails to comply with Section 6.11; 

(ii) the Indenture Trustee is adjudged a bankrupt or insolvent; 

(iii) a receiver or other public officer takes charge of the Indenture Trustee or its property; 

(iv) the Indenture Trustee otherwise becomes incapable of acting; or 

(v) the Indenture Trustee breaches any representation, warranty or covenant made by it under any Basic Document. 

If the Indenture Trustee resigns or is removed or if a vacancy exists in the office of Indenture Trustee for any reason (the Indenture Trustee in such event
being referred to herein as the retiring Indenture Trustee): (x) the Indenture Trustee shall provide all information reasonably requested by the Depositor in order to comply with its reporting obligation under Item 6.02 of Form 8-K under
the Exchange Act, with respect to the resignation of the Indenture Trustee, and (y) the Issuer shall promptly appoint a successor Indenture Trustee, subject to Section 6.11. No resignation or removal of the Indenture Trustee and no
appointment of a successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this Section 6.08. 

(b) A successor Indenture Trustee shall deliver a written acceptance of its appointment to the retiring Indenture Trustee and to the Issuer.
Thereupon the resignation or 

  
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removal of the retiring Indenture Trustee shall become effective, and the successor Indenture Trustee shall have all of the rights, powers and duties of the Indenture Trustee under this
Indenture. The retiring Indenture Trustee shall be paid all amounts owed to it upon its resignation or removal. The successor Indenture Trustee shall mail a notice of its succession to Noteholders. The retiring Indenture Trustee shall promptly
transfer all property held by it as Indenture Trustee to the successor Indenture Trustee. The retiring Indenture Trustee shall not be liable for the acts or omissions of any successor Indenture Trustee. 

(c) If a successor Indenture Trustee does not take office within thirty (30) days after the retiring Indenture Trustee resigns or is
removed, the retiring Indenture Trustee, the Issuer or the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class may petition any court of competent jurisdiction for the appointment of a successor
Indenture Trustee. 
 (d) If the Indenture Trustee fails to comply with Section 6.11, any Noteholder may petition any court of
competent jurisdiction for the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee. 
 (e) Notwithstanding
the replacement of the Indenture Trustee pursuant to this Section 6.08, the Issuer’s and the Servicer’s obligations under Section 6.07 shall continue for the benefit of the retiring Indenture Trustee. 

Section 6.09 Successor Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or
transfers all or substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Indenture Trustee;
provided that such corporation or banking association shall be qualified and eligible under Section 6.11. The Indenture Trustee shall provide the Rating Agencies and the Noteholders notice of any such transaction. 

In case at the time such successor or successors by merger, conversion or consolidation to the Indenture Trustee shall succeed to the trusts
created by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor trustee and deliver such Notes so authenticated;
and in case at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee shall authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Indenture
Trustee; and in all such cases such certificates shall have the full force and effect as provided in the Notes or in the Indenture. 

Section 6.10 Appointment of Co-Indenture Trustee or Separate Indenture Trustee. 

(a) Notwithstanding any other provisions of this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction
in which any part of the Collateral may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all instruments to appoint one or more Persons reasonably selected in good faith to act as a co-trustee or
co-trustees, or separate trustee or separate trustees, of all or any part of the trust, 

  
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and to vest in such Person or Persons, in such capacity and for the benefit of the Noteholders, such title to the Collateral, or any part thereof, and, subject to the other provisions of this
Section 6.10, such powers, duties, obligations, rights and trusts as the Indenture Trustee may consider necessary or desirable provided that any such appointment shall not release the Trustee from its obligations and responsibilities hereunder.
Such co-trustee or separate trustee hereunder shall meet the terms of eligibility as a successor trustee under Section 6.11 and notice to Noteholders of the appointment of any co-trustee or separate trustee shall be required under
Section 6.08. 
 (b) Every 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
Indenture Trustee shall be conferred or imposed upon and exercised or performed by the Indenture 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 Indenture 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 Indenture 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 Collateral 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 Indenture Trustee; 
 (ii) no trustee hereunder shall be personally liable by
reason of any act or omission of any other trustee hereunder; and 
 (iii) the Indenture Trustee may at any time accept the
resignation of or remove any separate trustee or co-trustee. 
 (c) Any notice, request or other writing given to the Indenture 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 Indenture and the conditions of
this Article VI. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Indenture Trustee or
separately, as may be provided therein, subject to all of the provisions of this Indenture, specifically including every provision of this Indenture relating to the conduct of, affecting the liability of, or affording protection to, the Indenture
Trustee. Every such instrument shall be filed with the Indenture Trustee, and the Person filing such instrument shall provide a copy thereof to the Administrator. 

(d) Any separate trustee or co-trustee may at any time constitute the Indenture 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 die, 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 Indenture Trustee, to the extent permitted by Applicable Law, without the appointment of a new or successor trustee. 

  
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 Section 6.11 Corporate Indenture Trustee Requirements; Eligibility. The Indenture
Trustee shall at all times satisfy the requirements of TIA § 310(a). The Indenture Trustee shall have a combined capital and surplus of at least $50,000,000 as set forth in its most recent published annual report of condition and it shall have
a long term, senior unsecured debt rating of investment grade or better by Moody’s and DBRS. The Indenture Trustee shall comply with TIA § 310(b). 

In the case of the appointment hereunder of a successor Indenture Trustee with respect to the Notes pursuant to this Section 6.11,
(i) the Issuer, the retiring Indenture Trustee and the successor Indenture Trustee shall execute and deliver an indenture supplemental hereto wherein each successor Indenture Trustee shall accept such appointment and which (x) shall
contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, the successor Indenture Trustee all of the rights, powers, trusts and duties of the retiring Indenture Trustee with respect to which the
appointment of such successor Indenture Trustee relates, (y) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Indenture
Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Indenture Trustees co-trustees of the same trust and that each such Indenture Trustee shall be a trustee of a trust or trusts hereunder separate
and apart from any trust or trusts hereunder administered by any other such Indenture Trustee; and upon the removal of the retiring Indenture Trustee shall become effective to the extent provided herein, and (z) shall provide that the successor
Indenture Trustee agrees to enter into a new control agreement and such other agreements as are pertinent hereto and (ii) the retiring Indenture Trustee shall assign the security interest in the Collateral to the successor Indenture Trustee and
executes all instruments and makes all filings that are necessary in order for the successor Indenture Trustee to have a perfected security interest in the Collateral. 

Section 6.12 Waiver of Setoffs. The Indenture Trustee hereby expressly waives any and all rights of setoff that it may otherwise
at any time have under Applicable Law with respect to any Trust Account and agrees that amounts in the Trust Accounts shall at all times be held and applied solely in accordance with the provisions hereof and of the other Basic Documents. 

Section 6.13 Indenture Trustee as Securities Intermediary. The Indenture Trustee represents that it is a Securities Intermediary
and a “bank” within the meaning of Section 9-102(a)(8) of the UCC. 
 The Indenture
Trustee, in its capacity as Securities Intermediary, shall: 
 (i) treat all Collateral credited to the Accounts as
“financial assets” within the meaning of Section 8-102(a)(9) of the UCC to the fullest extent permitted by the UCC; 

(ii) indicate by book entry that a financial asset has been credited to the relevant Account, and when receiving a financial
asset from the Issuer or acquiring a financial asset for the Issuer, shall accept it for credit to the relevant Account; and 

(iii) comply with any “entitlement orders” (within the meaning of
Section 8-102(a)(8) of the UCC) originated by the Indenture Trustee with respect to the Accounts without further consent by the Issuer. 

  
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 Section 6.14 Representations and Warranties of the Indenture Trustee. The Indenture
Trustee hereby represents that: 
 (a) the Indenture Trustee is duly organized and validly existing as a banking corporation duly organized
in good standing under the laws of the State of New York with power and authority to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted; 

(b) the Indenture Trustee has the power and authority to execute and deliver this Indenture and to carry out its terms; and the execution,
delivery and performance of this Indenture have been duly authorized by the Indenture Trustee by all necessary corporate action; 
 (c) the
consummation of the transactions contemplated by this Indenture and the fulfillment of the terms hereof do not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a
default under the articles of organization or bylaws of the Indenture Trustee or any agreement or other instrument to which the Indenture Trustee is a party or by which it is bound; and 

(d) there are no pending or, to the best of its knowledge, threatened actions or proceedings against the Indenture Trustee before any court,
administrative agency or tribunal which, if determined adversely to it, would materially and adversely affect its ability, either in its individual capacity or as Indenture Trustee, as the case may be, to perform its obligations under this Indenture
or the Basic Documents. 
 Section 6.15 Exchange Act Rule 17g-5 Procedures. 

(a) Prior to an Event of Default, the Indenture Trustee shall not communicate with (including verbal communication) or provide information to
any Rating Agency regarding anything related to this Indenture without prior consultation with the Depositor to ensure compliance with Rule 17g-5. With respect to any document, notice or other information required pursuant to this Indenture to
be sent by the Indenture Trustee to any Rating Agency, the Indenture Trustee agrees to provide any such document, notice or other information to the Depositor for posting on its Rule 17g-5 Website. The Depositor shall promptly confirm to the
Indenture Trustee any such document, notice or other information has been posted to the Rule 17g-5 Website as a condition to the Indenture Trustee providing such document, notice or other information to any Rating Agency or Holder.
Notwithstanding anything to the contrary in this Indenture, the Indenture Trustee shall have no obligation to deliver such document, notice or other information to the Rating Agencies until the Indenture Trustee has received written confirmation
from the Depositor of the posting of such document, notice or other information by the Depositor to the Rule 17g-5 Website, and the Indenture Trustee shall not be liable for any failure to deliver such document, notice or other information to
the Rating Agencies prior to any applicable deadline in this Indenture where such failure is caused by any failure or inability of the Depositor timely to provide such written confirmation. 

  
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 Section 6.16 Preferential Collection Claims Against Issuer. The Indenture Trustee
shall comply with TIA Section 311(a), excluding any creditor relationship listed in TIA Section 311(b). An Indenture Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated. 

ARTICLE VII 
 NOTEHOLDERS’
LISTS AND REPORTS 
 Section 7.01 Issuer to Furnish Indenture Trustee Names and Addresses of Noteholders. The Issuer will
furnish or cause to be furnished to the Indenture Trustee (i) not more than three (3) days after the earlier of (a) each Record Date and (b) three (3) months after the last Record Date, a list, in such form as the Indenture
Trustee may reasonably require, of the names and addresses of the Noteholders as of such Record Date, and (ii) at such other times as the Indenture Trustee may request in writing, within thirty (30) days after receipt by the Issuer of any
such request, a list of similar form and content as of a date not more than ten (10) days prior to the time such list is furnished; provided, however, that so long as the Indenture Trustee is the Registrar or the Notes are issued as Book-Entry
Notes, no such list shall be required to be furnished. Until such time as the Indenture Trustee is provided with a replacement list it shall be entitled to fully rely and shall have no liability for relying on the most recently provided list and
after the Indenture Trustee is provided with such a replacement list it shall be entitled to fully rely and shall have no liability in relying on such replacement list. 

Section 7.02 Preservation of Information; Communications to Noteholders. The Indenture Trustee shall preserve, in as current a
form as is reasonably practicable, the names and addresses of the Noteholders contained in the most recent list furnished to the Indenture Trustee as provided in Section 7.01 and the names and addresses of Noteholders received by the
Indenture Trustee in its capacity as Registrar; provided, however, that so long as the Indenture Trustee is the Registrar or the Notes are issued as Book-Entry Notes, no such list shall be required to be preserved or maintained. The Indenture
Trustee may destroy any list furnished to it as provided in such Section 7.01 upon receipt of a new list so furnished. Noteholders may communicate pursuant to TIA Section 312(b) with other Noteholders with respect to their rights under
this Indenture or under the Notes. The Issuer, the Indenture Trustee and the Note Registrar shall have the protection of TIA Section 312(c). 

Section 7.03 Noteholder Lists. The Registrar shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses of Noteholders, which list, upon request, will be made available to the Indenture Trustee insofar as the Indenture Trustee is no longer the Registrar. Upon written request of any Noteholder made for
purposes of communicating with other Noteholders with respect to their rights under this Indenture, the Registrar shall promptly furnish such Noteholder with a list of the other Noteholders of record identified in the Registrar at the time of the
request. Every Noteholder, by receiving such access, agrees with the Registrar that the Registrar will not be held accountable in any way by reason of the disclosure of any information as to the names and addresses of any Noteholder regardless of
the source from which such information was derived. 

  
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 Section 7.04 Access to Certain Documentation and Information. 

(a) The Indenture Trustee shall make available to the Noteholders, upon prior written request, a copy of any of the Basic Documents. 

(b) Within sixty (60) days after the end of each calendar year, the Indenture Trustee shall make available to each Person who at any time
during the calendar year was a Holder of a Note a statement containing information regarding payments of principal, interest and other amounts on such Person’s Notes, aggregated for such calendar year or the applicable portion thereof during
which such person was a Noteholder. Such obligation shall be deemed to have been satisfied to the extent that substantially comparable information is provided by the Issuer or the Indenture Trustee pursuant to any requirements of the Code as are
from time to time in force. The above referenced information will be provided to the Indenture Trustee by the Issuer or the Administrator on its behalf. 

The Indenture Trustee shall deliver or otherwise make available to each Noteholder a copy of each Servicer’s Monthly Certificate
delivered pursuant to Section 4.09 of the Sale and Servicing Agreement, a copy of Servicer’s Annual Certification delivered pursuant to Section 4.10 of the Sale and Servicing Agreement, and a copy of each annual accountant’s
report delivered pursuant to Section 4.11 of the Sale and Servicing Agreement. 
 Section 7.05 Reports by Indenture
Trustee. If required by TIA Section 313(a), within 60 days after each December 31, beginning with December 31, 2014, the Indenture Trustee shall mail to each Noteholder as required by TIA Section 313(c), a brief report dated
as of such date that complies with TIA Section 313(a). The Indenture Trustee shall also comply with TIA Section 313(b). The Indenture Trustee shall provide to the Administrator and the Servicer, to be filed by the Administrator or the
Servicer with the Commission and each stock exchange, if any, on which the Notes are listed, a copy of each report mailed to Noteholders pursuant to this Indenture. The Issuer shall notify the Indenture Trustee if and when the Notes are listed on
any stock exchange. 
 Section 7.06 Reports by Issuer. 

(a) The Issuer shall: 

(i) file with the Indenture Trustee, within 15 days after the Issuer is required to file the same with the Commission, copies
of the annual reports and the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) that the Issuer may be required to file with the
Commission pursuant to Section 13 or 15(d) of the Exchange Act; 
 (ii) file with the Indenture Trustee and the
Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such additional information, documents and reports with respect to compliance by the Issuer with the conditions and covenants of this Indenture as
may be required from time to time by such rules and regulations; and 
 (iii) supply to the Indenture Trustee (and the
Indenture Trustee shall make available to all Noteholders described in TIA Section 313(c)) such summaries of any information, documents and reports required to be filed by the Issuer pursuant to clauses (i) and (ii) of this
Section 7.06(a) and by the rules and regulations prescribed from time to time by the Commission. 
 (b) Unless the Issuer otherwise
determines, the fiscal year of the Issuer shall end on December 31 of each year. 

  
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 ARTICLE VIII 

ACCOUNTS, DISBURSEMENTS AND RELEASES 

Section 8.01 Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or
delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Indenture Trustee pursuant to this Indenture and the
Sale and Servicing Agreement. The Indenture Trustee shall apply all such money received by it as provided in this Indenture and the Sale and Servicing Agreement. Except as otherwise expressly provided in this Indenture, if any default occurs in the
making of any payment or performance under any agreement or instrument that is part of the Collateral, the Indenture Trustee may (and at the written direction of the Noteholders representing a majority of the Note Balance of the Outstanding Notes of
the Controlling Class shall) take such action as may be appropriate to enforce such payment or performance, including the institution and prosecution of appropriate Proceedings. Any such action shall be without prejudice to any right to claim a
Default or Event of Default under this Indenture and any right to proceed thereafter as provided in Article V. 
 Section 8.02
Trust Accounts: Payment of Principal and Interest. 
 (a) On or prior to the Closing Date, the Issuer shall cause the Indenture
Trustee to establish and maintain the Trust Accounts for the benefit of the Noteholders as provided in Section 5.01 of the Sale and Servicing Agreement. 

(b) On the day required by Section 5.02 of the Sale and Servicing Agreement, all Collections will be deposited in the Collection Account
as provided in Section 5.02 of the Sale and Servicing Agreement. On each Payment Date, all amounts required to be distributed from the Collection Account and Principal Distribution Account pursuant to Section 5.04 of the Sale and Servicing
Agreement will be transferred from such accounts and distributed in accordance with Section 5.04 of the Sale and Servicing Agreement; provided, however, that following the occurrence and during the continuation of an Event of Default which has
resulted in an acceleration of the Notes, all amounts on deposit in the Collection Account, the Principal Distribution Account and Reserve Account shall be applied pursuant to Section 5.04. 

(c) Interest on and principal of each Note shall be payable in accordance with the instruction of the Servicer given to the Indenture Trustee
from and to the extent of funds available in accordance with Section 5.04 of the Sale and Servicing Agreement. The final payment of principal of and interest on each Note (or payment of the Redemption Price thereof

  
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in the case of a Note called for redemption pursuant to Article X hereof) shall be payable only upon presentation and surrender thereof at the Corporate Trust Office of the Indenture Trustee
or at the office of any Paying Agent. 
 (d) No interest will accrue with respect to any Note from and after the related Final Scheduled
Payment Date with respect thereto to the extent that all amounts owing with respect to such Notes were Paid In Full on such Payment Date. 

(e) So long as the Indenture Trustee shall be the Paying Agent, the Indenture Trustee shall make payments of principal on the Notes from
amounts deposited into the Principal Distribution Account and shall make payment of interest on the Notes from amounts deposited into the Collection Account; provided, however, that if the Owner Trustee has removed the Indenture Trustee as the
Paying Agent, the Indenture Trustee shall distribute such amounts to the Paying Agent as instructed by the Owner Trustee. If an Event of Default has occurred and the Notes have been accelerated under Section 5.02, then amounts then held in the
Collection Account shall be treated by the Indenture Trustee as money or property collected pursuant to Article V and shall be applied as provided in Section 5.04(b). 

Section 8.03 General Provisions Regarding Accounts. The Indenture Trustee shall not in any way be held liable by reason of any
insufficiency in any of the Trust Accounts resulting from any loss on any Permitted Investment included therein except for losses attributable to the Indenture Trustee’s failure to make payments on such Permitted Investments issued by the
Indenture Trustee, in its commercial capacity as principal obligor and not as trustee, in accordance with their terms. 
 Section 8.04
Release of Collateral. 
 (a) Subject to the payment of its fees and expenses pursuant to Section 6.07, the Indenture Trustee
may, and when required by the provisions of this Indenture shall, execute instruments provided to it to release property from the Lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and under
circumstances that are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article shall be bound to ascertain the Indenture Trustee’s authority,
inquire into the satisfaction of any conditions precedent or see to the application of any monies. 
 (b) The Indenture Trustee shall, at
such time as there are no Notes Outstanding and all sums due the Indenture Trustee pursuant to Section 6.07 have been paid in full, release any remaining portion of the Collateral from the lien of this Indenture and release to the Issuer or any
other Person entitled thereto any funds then on deposit in the Trust Accounts. The Indenture Trustee shall release property from the lien of this Indenture pursuant to this Section 8.04(a) only upon receipt by it of an Issuer Request
accompanied by an Officer’s Certificate and an Opinion of Counsel, and (if required by the TIA or Section 11.01) Independent Certificates in accordance with TIA Sections 314(c) and 314(d)(1), and otherwise in accordance with the applicable
requirements of Section 11.01. 
 (c) The Issuer agrees, upon request by the Servicer and representation by the Servicer that it has
complied with the procedure in Section 9.01 of the Sale and Servicing Agreement, to render the Issuer Request to the Indenture Trustee in accordance with Sections 4.04 and 11.01, and take such other actions as are required in such Sections.

  
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 Section 8.05 Opinion of Counsel and Officer’s Certificate. The Indenture Trustee
shall receive at least seven (7) days’ prior written notice when requested by the Issuer to take any action pursuant to Section 8.04(a), accompanied by copies of any instruments involved, and the Indenture Trustee shall also require,
except in connection with an action contemplated by Section 8.04(b), as a condition to such action, an Opinion of Counsel and an Officer’s Certificate, stating the legal effect of any such action, outlining the steps required to complete
the same, and concluding that all conditions precedent to the taking of such action have been complied with and such action will not materially and adversely impair the security for the Notes or the rights of the Noteholders in contravention of the
provisions of this Indenture; provided, however, that such Opinion of Counsel shall not be required to express an opinion as to the fair value of the Collateral. Counsel rendering any such opinion may rely, without independent investigation, on the
accuracy and validity of any certificate or other instrument delivered to the Indenture Trustee in connection with any such action. 

ARTICLE IX 
 SUPPLEMENTAL
INDENTURES 
 Section 9.01 Supplemental Indentures With Consent of the Noteholders. 

(a) Except as permitted by Section 9.02, the Issuer and the Indenture Trustee, when authorized by an Issuer Order, may, subject to
satisfaction of the Rating Agency Condition and with the consent of the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class, by Act of such Holders delivered to the Issuer and the Indenture
Trustee, enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture or of modifying in any manner the rights of the Holders
of the Notes under this Indenture; provided that the Issuer shall have received a Tax Opinion (and shall have delivered copies thereof to the Indenture Trustee); provided, further, that no such supplemental indenture shall, without the consent of
the Holder of each outstanding Note affected thereby: 
 (i) change any Final Scheduled Payment Dates, the date of payment of
any installment of principal of or interest on any Note, or reduce the principal amount thereof, the Interest Rate thereon or the Redemption Price with respect thereto, change the provisions of this Indenture relating to the application of
collections on, or the proceeds of the sale of, the Collateral to payment of principal of or interest on the Notes, or change any place of payment where, or the coin or currency in which, any Note or the interest thereon is payable, or impair the
right to institute suit for the enforcement of the provisions of this Indenture requiring the application of funds available therefor, as provided in Article V, to the payment of any such amount due on the Notes on or after the respective due
dates thereof (or, in the case of redemption, on or after the Redemption Date); 

  
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 (ii) reduce the percentage of the Note Balance or the Note Balance of the
Controlling Class of Notes, the consent of the Holders of Notes of which is required for any such supplemental indenture, or the consent of the Holders of Notes of which is required for any waiver of compliance with certain provisions of, or certain
defaults and their consequences provided for in, this Indenture; 
 (iii) change the definition of “Controlling
Class,” “Note Balance”, “Outstanding” or any other provision hereof specifying the number or percentage of Holders required to waive, amend or modify any rights hereunder or make any determination or grant any consent
hereunder; 
 (iv) modify or alter the provisions of this Indenture regarding the voting of Notes held by the Issuer, any
other obligor on the Notes, the Depositor or any Affiliate of any of them, or definition of “Notes”; 
 (v) reduce
the percentage of the Notes required to be represented to direct the Indenture Trustee to direct the Issuer to sell or liquidate the Collateral pursuant to Section 5.04; 

(vi) modify any provision of this Section 9.01 except to increase any percentage specified herein or to provide that
certain additional provisions of this Indenture or the Basic Documents cannot be modified or waived without the consent of the Holder of each Note affected thereby; 

(vii) modify any of the provisions of this Indenture in such manner as to affect the calculation of the amount of any payment
of interest or principal due on any Note on any Payment Date (including the calculation of any of the individual components of such calculation) or to affect the rights of the Noteholders to the benefit of any provisions for the mandatory redemption
of the Notes contained herein; or 
 (viii) permit the creation of any lien ranking prior to or on a parity with the lien of
this Indenture with respect to any part of the Collateral or, except as otherwise permitted or contemplated herein, terminate the lien of this Indenture on any property at any time subject hereto or deprive the Noteholder of the security provided by
the lien of this Indenture. 
 (b) The Indenture Trustee may in its discretion or at the advice of counsel determine whether or not any
Notes would be affected by any supplemental indenture and any such determination shall be conclusive upon the Holders of all Notes, whether theretofore or thereafter authenticated and delivered hereunder. The Indenture Trustee shall not be liable
for any such determination made in good faith. It shall not be necessary for any Act of Noteholders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the
substance thereof. 
 (c) Promptly after the execution by the Issuer and the Indenture Trustee of any supplemental indenture pursuant to
this Section 9.01, the Indenture Trustee shall mail to the Holders of the Notes to which such amendment or supplemental indenture relates a notice setting forth in general terms the substance of such supplemental indenture. Any failure of the
Issuer to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture. 

  
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 Section 9.02 Supplemental Indentures Without Consent of Noteholders. 

(a) Without the consent of the Noteholders or any other Person, but with prior written notice to the Rating Agencies, the Issuer and the
Indenture Trustee, when authorized by an Issuer Order, at any time and from time to time, may enter into one or more indentures supplemental hereto, (which shall conform to the provisions of the Trust Indenture Act as in force at the date of the
execution thereof), in form satisfactory to the Indenture Trustee, for any of the following purposes: 
 (i) to correct or
amplify the description of any property at any time subject to the lien of this Indenture, or better to assure, convey and confirm unto the Indenture Trustee any property subject or required to be subjected to the lien of this Indenture, or to
subject additional property to the lien of this Indenture; 
 (ii) to evidence the succession, in compliance with the
applicable provisions hereof, of another Person to the Issuer, and the assumption by any such successor of the covenants of the Issuer contained herein and in the Notes; 

(iii) to add to the covenants of the Issuer, for the benefit of the Noteholders, or to surrender any right or power herein
conferred upon the Issuer; 
 (iv) to convey, transfer, assign, mortgage or pledge any property to or with the Indenture
Trustee; 
 (v) to cure any ambiguity, to correct or to supplement any provision herein or in any supplemental indenture
which may be inconsistent with any other provision herein or in any supplemental indenture or in any (A) offering document used in connection with the initial offer and sale of the Notes or to add any provisions to or change in any manner or
eliminate any of the provisions of this Indenture which will not be inconsistent with other provisions of this Indenture or (B) other Basic Document with respect to matters or questions arising under this Indenture or in any supplemental
indenture; 
 (vi) to make any other provisions with respect to matters or questions arising under this Indenture or in any
supplemental indenture; provided that such action shall not materially adversely affect the interests of the Noteholders; 

(vii) to evidence and provide for the acceptance of the appointment hereunder by a successor trustee with respect to the Notes
and to add to or change any of the provisions of this Indenture as shall be necessary to facilitate the administration of the trusts hereunder by more than one trustee, pursuant to the requirements of Article VI; or 

(viii) to amend Article XII as set forth in Sections 12.01 and 12.04; 

(ix) to add, modify or eliminate such provisions as may be necessary or advisable in order to enable (a) the transfer to
the Issuer of all or any portion of the 

  
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Receivables to be derecognized under U.S. generally accepted accounting principles by the Seller to the Issuer, (b) the Issuer to avoid becoming a member of the Seller’s
consolidated group under U.S. generally accepted accounting principles or (c) the Seller or any of its Affiliates to otherwise comply with or obtain more favorable treatment under any law or regulation or any accounting rule or principle
(whether now or in the future in effect); or 
 (x) to modify, eliminate or add to the provisions of this Indenture to such
extent as shall be necessary to effect the qualification of this Indenture under the TIA or under any similar federal statute hereafter enacted and to add to this Indenture such other provisions as may be expressly required by the TIA or the rules
and regulations of the Commission; 
 provided, however, that no such supplemental indenture (i) may materially adversely affect the interests of any
Noteholder and (ii) will be permitted unless (A) the Rating Agency Condition shall have been satisfied with respect to such action, or (B) a Tax Opinion is delivered to the Indenture Trustee. The Indenture Trustee is hereby authorized
to join in the execution of any such supplemental indenture and to make any further appropriate agreements and stipulations that may be therein contained. 

(b) A supplemental indenture shall be deemed not to materially adversely affect the interests of any Noteholder if (i) the Rating Agency
Condition has been satisfied with respect to such supplemental indenture, and (ii) the Person requesting such supplemental indenture obtains and delivers to the Indenture Trustee an Opinion of Counsel (which counsel may not be in-house counsel
to the Servicer or the Depositor) to the effect that the supplemental indenture would not materially adversely affect the interests of any Noteholder. 

Section 9.03 Execution of Supplemental Indentures. In executing, or permitting the additional trusts created by, any supplemental
indenture permitted by this Article IX or the modification thereby of the trusts created by this Indenture, the Indenture Trustee shall be entitled to receive, and subject to Sections 6.01 and 6.02, shall be fully protected in relying upon, an
Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture and that the conditions precedent thereto have been complied with. The Indenture Trustee may, but shall not be obligated to,
enter into any such supplemental indenture that materially affects the Indenture Trustee’s own rights, duties, liabilities, indemnities or immunities under this Indenture or otherwise. The Issuer shall provide a fully executed copy of any
supplemental indentures to this Indenture to each Rating Agency. 
 Section 9.04 Effect of Supplemental Indentures. Upon the
execution of any supplemental indenture pursuant to the provisions hereof, this Indenture shall be and shall be deemed to be modified and amended in accordance therewith with respect to the Notes affected thereby, and the respective rights,
limitations of rights, obligations, duties, liabilities and immunities under this Indenture of the Indenture Trustee, the Issuer and the Noteholders shall of thereafter be determined, exercised and enforced hereunder subject in all respects to such
modifications and amendments, and all of the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 

  
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 Section 9.05 Reference in Notes to Supplemental Indentures. Notes authenticated and
delivered after the execution of any supplemental indenture pursuant to this Article IX may, and if required by the Indenture Trustee shall, bear a notation in form approved by the Indenture Trustee as to any matter provided for in such
supplemental indenture. If the Issuer or the Indenture Trustee shall so determine, new Notes so modified as to conform, in the opinion of the Indenture Trustee and the Issuer, to any such supplemental indenture may be prepared and executed by the
Issuer and authenticated and delivered by the Indenture Trustee in exchange for the Outstanding Notes. 
 Section 9.06 Conformity
with Trust Indenture Act. Every amendment of this Indenture and every supplemental indenture executed pursuant to this Article shall conform to the requirements of the TIA as then in effect so long as this Indenture shall then be qualified under
the TIA. 
 ARTICLE X 

REDEMPTION OF NOTES 

Section 10.01 Redemption In Whole. 

(a) The Notes are subject to redemption in whole, but not in part, at the direction of the Servicer pursuant to Section 9.01 of the Sale
and Servicing Agreement, on any Payment Date on which the Servicer exercises its option to purchase the Collateral (other than the Reserve Account) pursuant to said Section 9.01, for a purchase price equal to the Redemption Price;
provided that (i) as of the last day of the related Collection Period the Pool Balance as of such date is 10% or less of the Cutoff Date Pool Balance, and (ii) the sum of the Optional Purchase Price and the Available Funds as of
such Redemption Date would be sufficient to pay (x) the amounts set forth under Sections 5.04(a)(i) through 5.04(a)(vii) and Section 5.04(a)(x) of the Sale and Servicing Agreement and (y) the Note Balance of the Notes (after
giving effect to payments described in the preceding clause (x)). 
 (b) Each of the Notes is subject to redemption in whole, but not
in part, on any Payment Date on which the sum of the amounts in the Reserve Account and the remaining Available Funds after the payments under Sections 5.04(a)(i) through 5.04(a)(vii) and Section 5.04(a)(x) would be sufficient to pay in full
the Note Balance of all of the outstanding Notes as determined by the Servicer. On such Redemption Date, (i) the Indenture Trustee upon written direction from the Servicer shall transfer all amounts on deposit in the Reserve Account to the
Collection Account and (ii) the outstanding Notes shall be redeemed in whole, but not in part. 
 (c) The Servicer or the Issuer shall
furnish the Rating Agencies and the Indenture Trustee notice of such redemption. If the Notes are to be redeemed pursuant to this Section 10.01, the Servicer shall furnish notice of such redemption to the Indenture Trustee not later than twenty
(20) days prior to the Redemption Date and shall deposit on the Business Day prior to the Redemption Date with the Indenture Trustee in the Collection Account and the Principal Distribution Account, as applicable, the Redemption Price of the
Notes to be redeemed, whereupon all such Notes shall be due and payable on the Redemption Date upon the furnishing of a notice complying with Section 10.02 to each Holder of the Notes. 

  
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 Section 10.02 Form of Redemption Notice. 

(a) Notice of redemption under Section 10.01 shall be forwarded on by the Indenture Trustee at the written direction and at the expense
of the Servicer by first-class mail, postage prepaid, or by facsimile, and mailed or transmitted not later than ten (10) days prior to the applicable Redemption Date to each registered Holder of Notes, as of the close of business on the Record
Date preceding the applicable Redemption Date, at such Holder’s address or facsimile number appearing in the Register. All notices of redemption under Section 10.01 and this Section 10.02 shall state: 

(i) the Redemption Date; 

(ii) the Redemption Price; 

(iii) that the Record Date otherwise applicable to that Redemption Date is not applicable and that payments will be made only
upon presentation and surrender of those Notes; 
 (iv) the place where such Notes are to be surrendered for payment of the
Redemption Price (which shall be the office or agency of the Issuer to be maintained as provided in Section 3.02); and 

(v) that interest on the Notes shall cease to accrue on the Redemption Date. 

(b) Failure to give notice of redemption, or any defect therein, to any Holder of any Note shall not impair or affect the validity of the
redemption of any other Note. 
 Section 10.03 Notes Payable on Redemption Date. The Notes shall, following notice of redemption
pursuant to Section 10.02, on the Redemption Date become due and payable at the Redemption Price and (unless the Issuer shall default in the payment of the Redemption Price) no interest shall accrue on the Redemption Price for any period after
the date to which accrued interest is calculated for purposes of calculating the Redemption Price. 
 ARTICLE XI 

MISCELLANEOUS 

Section 11.01 Compliance Certificates and Opinions, Etc. 

(a) Upon Issuer Request, the Issuer shall furnish to the Indenture Trustee (i) an Officer’s Certificate stating that the Issuer has
complied with all conditions precedent, if any, provided for in this Indenture relating to the proposed action, (ii) an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any, have been complied
with, and (iii) if required by Section 11.01(b)(i) or the TIA, an Independent Certificate, except that, in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision
of this Indenture, no additional certificate or opinion need be furnished. 

  
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 Every certificate or opinion with respect to compliance with a condition or covenant provided for
in this Indenture shall include: 
 (i) a statement that each signatory of such certificate or opinion has read or has caused
to be read such covenant or condition and the definitions herein relating thereto; 
 (ii) a brief statement as to the nature
and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(iii) a statement that, in the opinion of each such signatory, such signatory has made such examination or investigation
as is necessary to enable such signatory to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(iv) a statement as to whether, in the opinion of each such signatory, such condition or covenant has been complied with. 

(b) Prior to the deposit of any Collateral or other property or securities with the Indenture Trustee that is to be made the basis for the
release of any property or securities subject to the lien of this Indenture, the Issuer shall, in addition to any obligation imposed in Section 11.01 or elsewhere in this Indenture, furnish to the Indenture Trustee an Officer’s Certificate
certifying or stating the opinion of each person signing such certificate as to the fair value (as of a date no more than thirty (30) days prior to such deposit) to the Issuer of the Collateral or other property or securities to be so
deposited. 
 (i) Whenever the Issuer is required to furnish to the Indenture Trustee an Officer’s Certificate
certifying or stating the opinion of any signer thereof as to the matters described in clause (b) above, the Issuer shall also deliver to the Indenture Trustee an Independent Certificate as to the same matters, if the fair value to the Issuer
of the securities to be so deposited and of all other such securities made the basis of any such withdrawal or release since the commencement of the then-current fiscal year of the Issuer, is 10% or more of the Note Balance of all Notes, but such a
certificate need not be furnished with respect to any securities so deposited, if the fair value thereof to the Issuer as set forth in the related Officer’s Certificate is less than $25,000 or less than 1% of the Note Balance of all Notes. 

(ii) Whenever any property or securities are to be released from the lien of this Indenture, the Issuer shall also furnish to
the Indenture Trustee an Officer’s Certificate certifying or stating the opinion of each person signing such certificate as to the fair value (as of a date no more than thirty (30) days prior to such release) of the property or securities
proposed to be released and stating that in the opinion of such person the proposed release will not impair the security under this Indenture in contravention of the provisions hereof. 

  
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 (iii) Other than with respect to the release of the lien of this Indenture on any
Collateral with respect to which payment of the Repurchase Price has been made to the Issuer, the Issuer is required to furnish to the Indenture Trustee an Officer’s Certificate certifying or stating the opinion of any signer thereof as to the
matters described in clause (ii) above, the Issuer shall also furnish to the Indenture Trustee an Independent Certificate as to the same matters if the fair value of the property or securities and of all other property, other than property as
contemplated by clause (iv) below, or securities released from the lien of this Indenture since the commencement of the then-current calendar year, as set forth in the certificates required by clause (ii) above and this clause (iii),
equals 10% or more of the Note Balance of all Notes, but such certificate need not be furnished in the case of any release of property or securities if the fair value thereof as set forth in the related Officer’s Certificate is less than
$25,000 or less than 1% of the Note Balance of all Notes. 
 (iv) Notwithstanding Section 4.04 or any other provision of
this Section 11.01, the Issuer may, without compliance with the requirements of the other provisions of this Section 11.01 (A) collect, liquidate, sell or otherwise dispose of Receivables and Financed Vehicles as and to the extent
permitted or required by the Basic Documents and (B) make cash payments out of the Trust Accounts as and to the extent permitted or required by the Basic Documents. 

Section 11.02 Form of Documents Delivered to Indenture Trustee. In any case where several matters are required to be certified by,
or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person may
certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 

Any certificate of an Authorized Officer of the Issuer may be based, insofar as it relates to legal matters, upon an opinion of, or
representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the opinion or representations with respect to the matters upon which such opinion is based are erroneous. Any such certificate of an
Authorized Officer or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate, or representations by, an officer or officers of the Servicer, the Depositor, the Issuer or the Administrator, stating that the
information with respect to such factual matters is in the possession of the Servicer, the Depositor, the Issuer or the Administrator, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or
representations with respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or more
applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

Whenever in this Indenture, in connection with any application or certificate or report to the Indenture Trustee, it is provided that the
Issuer shall deliver any document as a condition of the granting of such application, or as evidence of the Issuer’s compliance with any term hereof, 

  
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it is intended that the truth and accuracy, at the time of the granting of such application or at the effective date of such certificate or report (as the case may be), of the facts and opinions
stated in such document shall in such case be conditions precedent to the right of the Issuer to have such application granted or to the sufficiency of such certificate or report. The foregoing shall not, however, be construed to affect the
Indenture Trustee’s right to rely upon the truth and accuracy of any statement or opinion contained in any such document as provided in Article VI. 

Section 11.03 Acts of Noteholders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
Noteholders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Noteholders in person or by agents duly appointed in writing; and except as herein otherwise expressly provided such action shall
become effective when such instrument or instruments are delivered to the Indenture 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 Noteholders 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 Indenture
and (subject to Section 6.01) conclusive in favor of the Indenture Trustee and the Issuer, if made in the manner provided in this Section 11.03. 

(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 Indenture Trustee
deems sufficient. 
 (c) The ownership of Notes shall be proved by the Register. 

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Notes shall bind the Holder of
every Note 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 Indenture Trustee or the Issuer in reliance thereon, whether or not notation of such
action is made upon such Note. 
 Section 11.04 Notices, etc., to Indenture Trustee, Issuer, Depositor and Rating Agencies. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or Act of Noteholders or other documents provided or permitted by
this Indenture shall be in writing and, if such request, demand, authorization, direction, notice, consent, waiver or Act of Noteholders or other document is to be made upon, given or furnished to or filed with: 

(i) the Indenture Trustee by any Noteholder or by the Issuer, shall be sufficient for every purpose hereunder if made, given,
furnished or filed in writing to or with the Indenture Trustee at its Corporate Trust Office; or 
 (ii) the Issuer by the
Indenture Trustee or by any Noteholder, shall be sufficient for every purpose hereunder if in writing and mailed first-class, postage prepaid to the Issuer addressed to: California Republic Auto Receivables Trust 2013-2, in care of Wilmington Trust,
National Association, as Owner Trustee, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-0001, Attention: Corporate 

  
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Trust Administration, or at any other address previously furnished in writing to the Indenture Trustee by the Issuer or the Administrator. The Issuer shall promptly transmit any notice received
by it from the Noteholders to the Indenture Trustee. 
 (b) Notices required to be given to the Rating Agencies by the Issuer, the Indenture
Trustee or the Owner Trustee shall be in writing and, upon notice that it has been posted to the Depositor’s Rule 17g-5 Website, personally delivered, mailed by certified mail, return receipt requested or delivered by e-mail, to DBRS, at
the following address: DBRS, Inc., 140 Broadway, New York, New York 10005 (e-mail: abs_surveillance@dbrs.com); or to Moody’s at the following address: Moody’s Investors Service, Inc., 7 World Trade Center, New York, New York 10007 (e-mail:
servicerreports@moody’s.com); or as to each of the foregoing, at such other address as shall be designated by written notice to the other parties. 

(c) All demands, notices, communications and instructions upon or to the Depositor under this Agreement shall be in writing, personally
delivered, faxed and followed by first class mail, or mailed by certified mail, return receipt requested, and shall be deemed to have been duly given upon receipt by, in the case of the Depositor, California Republic Funding, LLC, 18400 Von Karman,
Suite 1100, Irvine, California 92612, Attention: General Counsel, Facsimile No. (949) 270-9799; with a copy to California Republic Bank, 18400 Von Karman, Suite 1100, Irvine, California 92612, Attention: General Counsel, Facsimile
No. (949) 270-9799. 
 Section 11.05 Notices to Noteholders; Waiver. Where this Indenture provides for any notice, report
or other communication to any Noteholders, such notice, report or other communication shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class, postage prepaid to each Noteholder affected by such
event, at such Holder’s address as it appears on the Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice, report or other communication and shall be deemed given only upon
receipt. In any case where notice to Noteholders is given by mail, neither the failure to mail such notice nor any defect in any notice so mailed to any particular Noteholder shall affect the sufficiency of such notice with respect to other
Noteholders, and any notice that is mailed in the manner herein provided shall conclusively be presumed to have been duly given. 
 Where
this Indenture provides for notice in any manner, such notice may be waived in writing by any Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by
Noteholders shall be filed with the Indenture Trustee but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such a waiver. 

In case, by reason of the suspension of regular mail service as a result of a strike, work stoppage or similar activity, it shall be
impractical to mail notice of any event to Noteholders when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be reasonably satisfactory to the Indenture Trustee and
actually received by such recipient shall be deemed to be a sufficient giving of such notice. 

  
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 Where this Indenture provides for notice to the Rating Agencies, failure to give such notice
shall not affect any other rights or obligations created hereunder, and shall not under any circumstance constitute a Default or Event of Default. 

Upon notice from the Issuer that they have been posted on the Depositor’s Rule 17g-5 Website, the Noteholders shall be provided with
copies of all notices, reports or other communication required to be made upon, given, furnished to or filed with the Indenture Trustee or the Issuer, which copies shall be provided to the Noteholders by the initial recipient thereof. 

Section 11.06 Alternate Payment and Notice Provisions. Notwithstanding any provision of this Indenture or any of the Notes to the
contrary, the Issuer may enter into any agreement with any Holder of a Note providing for a method of payment, or notice by the Indenture Trustee or any Paying Agent to such Holder, that is different from the methods provided for in this Indenture
for such payments or notices. The Issuer will furnish to the Indenture Trustee a copy of each such agreement and the Indenture Trustee will cause payments to be made and notices to be given in accordance with such agreements. 

Section 11.07 Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof. 
 Section 11.08 Successors and Assigns. All covenants and
agreements in this Indenture and the Notes by the Issuer shall bind its successors and assigns, whether so expressed or not. All agreements of the Indenture Trustee in this Indenture shall bind its successors,
co-trustees and agents. 
 Section 11.09 Severability. In case any provision in this
Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Indenture and the Notes shall not in any way be affected or impaired thereby. 

Section 11.10 Benefits of Indenture. Nothing in this Indenture or in the Notes, express or implied, shall give to any Person,
other than the parties hereto and their permitted successors hereunder, and the Noteholders and Owners and their respective successors and assigns, and any other party secured hereunder, and any other Person with an ownership interest in any part of
the Collateral, any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 11.11 Legal
Holidays. In any case where the date on which any payment is due shall not be a Business Day, then (notwithstanding any other provision of the Notes or this Indenture) payment need not be made on such date, but may be made on the next succeeding
Business Day with the same force and effect as if made on the date on which nominally due, and no interest shall accrue for the period from and after any such nominal date. 

Section 11.12 GOVERNING LAW. THIS INDENTURE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (EXCEPT FOR SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

  
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 Section 11.13 Counterparts. This Indenture may be executed in any number of
counterparts (including by facsimile or other electronic transmission), each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

Section 11.14 Recording of Indenture. If this Indenture is subject to recording in any appropriate public recording offices, such
recording is to be effected by the Issuer and at the expense of the Servicer accompanied by an Opinion of Counsel to the effect that such recording is necessary either for the protection of the Noteholders or any other Person secured hereunder or
for the enforcement of any right or remedy granted to the Indenture Trustee under this Indenture. 
 Section 11.15 Trust
Obligation. No recourse may be taken, directly or indirectly, with respect to the obligations of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or under this Indenture or any certificate delivered in connection herewith or
therewith, against (i) the Indenture Trustee or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuer, solely in such capacity, including the Depositor, or (iii) any partner, owner,
beneficiary, agent, officer, director, employee or agent of the Indenture Trustee or the Owner Trustee in its individual capacity, any holder of a beneficial interest in the Issuer, solely in such capacity, the Owner Trustee or the Indenture Trustee
or of any successor or assign of the Indenture Trustee or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed (it being understood that the Indenture Trustee and the Owner Trustee have no such
obligations in their individual capacity). For all purposes of this Indenture, in the performance of any duties or obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions
of Article VI, VII and VIII of the Trust Agreement. 
 Section 11.16 No Petition. Each of the Indenture Trustee, by
entering into this Indenture, and each Noteholder and Owner, by accepting a Note or an interest therein, hereby covenants and agrees that it will not at any time institute against the Issuer or the Depositor, or join in any institution against the
Issuer or the Depositor, of any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or State bankruptcy or similar law in connection with any obligations relating to
the Notes, this Indenture or any of the other Basic Documents and agrees that it will not cooperate with or encourage others to file a bankruptcy petition against the Issuer or the Depositor. 

Section 11.17 Inspection. The Issuer agrees that, on reasonable prior notice, it will permit any representative of the Indenture
Trustee, during the Issuer’s normal business hours, to examine all of the books of account, records, reports and other papers of the Issuer, to make copies and extracts therefrom, to cause such books to be audited by Independent certified
public accountants, and to discuss the Issuer’s affairs, finances and accounts with the Issuer’s officers, employees and Independent certified public accountants, all at such reasonable times and as often as may be reasonably requested;
provided, however, that the Indenture Trustee may only cause the books of the Issuer to be audited on an annual basis, unless there occurs an Event of Default hereunder. The Indenture Trustee shall, and shall cause its representatives to, hold in
confidence all such information except to the extent such information is publicly available or such disclosure may be required by law (and all reasonable applications for confidential 

  
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treatment are unavailing) and except to the extent that the Indenture Trustee may reasonably determine with the advice of counsel and after consultation with the Issuer that such disclosure is
consistent with its obligations hereunder. 
 Section 11.18 Limitation of Liability. 

(a) It is expressly understood and agreed by the parties hereto that (i) this Indenture is executed and delivered by Wilmington Trust,
National Association, not individually or personally but solely as Owner Trustee of California Republic Auto Receivables Trust 2013-2, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations,
undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust, National Association but is made and intended for the purpose for binding only
the Issuer, (iii) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such
liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (iv) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment
of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Indenture or any other related documents. 

(b) Notwithstanding anything contained herein to the contrary, this Indenture has been accepted by Deutsche Bank Trust Company Americas, not
in its individual capacity but solely as Indenture Trustee, and in no event shall Deutsche Bank Trust Company Americas have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in
any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer in accordance with the priorities set forth herein. 

Section 11.19 WAIVER OF JURY TRIAL. EACH OF THE ISSUER AND THE INDENTURE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 

  
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 Section 11.20 Force Majeure. In no event shall the Indenture Trustee be responsible
or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including strikes, work stoppages, accidents, severe weather, lockouts, riots, any
provision of any present or future law or regulation or any act of a government authority, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of
utilities, communications or computer (software and hardware) services or Federal Reserve Bank wire service; it being understood that the Indenture Trustee shall use reasonable efforts which are consistent with accepted practices in the banking
industry to resume performance as soon as practicable under the circumstances. 
 Section 11.21 PATRIOT Act. The parties hereto
acknowledge that, in accordance with Section 326 of the USA PATRIOT Act, Deutsche Bank Trust Company Americas and CRB, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to
obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account. The parties to this Indenture agree that they will provide Deutsche Bank Trust Company Americas and CRB, as the
case may be, with such information as either may request in order for Deutsche Bank Trust Company Americas and CRB to satisfy the requirements of the USA PATRIOT Act. 

Section 11.22 Submission to Jurisdiction. Each of the parties hereto hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action relating to this Indenture 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 action may be brought in such courts and waives any objection that it may
now or hereafter have to the venue of such action in any such court or that such action was brought in an inconvenient court and agrees not to plead or claim the same; and 

(c) waives, to the fullest extent permitted by law, any and all right to trial by jury in any legal proceeding arising out of or relating to
this Indenture or the transactions contemplated hereby. 
 Section 11.23 No Partnership or Joint Venture. Nothing herein
contained shall constitute a partnership between or joint venture by the parties hereto or constitute either party the agent of the other. Neither party shall hold itself out contrary to the terms of this Section and neither party shall become
liable by any representation, act or omission of the other contrary to the provisions hereof. This Indenture is not for the benefit of any third party and shall not be deemed to give any right or remedy to any such party whether referred to herein
or not. 
 Section 11.24 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any
Person, any right, remedy, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or 

  
 59 

 
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are
cumulative and not exhaustive of any rights, remedies, powers and privileges provided by applicable law. 
 Section 11.25 Conflicts
with Trust Indenture Act. If any provision hereof limits, qualifies or conflicts with another provision hereof that is required to be included in this Indenture by any of the provisions of the Trust Indenture Act, such required provision shall
control. The provisions of TIA §§ 310 through 317 that impose duties on any person (including the provisions automatically deemed included herein unless expressly excluded by this Indenture) are a part of and govern this Indenture, whether
or not physically contained herein. 
 Section 11.26 No Recourse. The Notes represent obligations of the Issuer only and do not
represent an interest in or obligations of the Servicer, the Depositor or any of their respective Affiliates, and no recourse may be had against such parties or their assets, except as may be set forth in this Indenture and the other Basic
Documents. Each Noteholder or Note Owner, by acceptance of a Note or a beneficial interest therein, covenants and agrees that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuer, the Owner Trustee or the
Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection therewith against (i) either Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuer or
(iii) any partner, owner, beneficiary, agent, officer, director or employee of either Trustee in its individual capacity or any holder of a beneficial interest in the Issuer, either Trustee or of any successor or assign of either Trustee in its
individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully liable, to the extent provided by Applicable Law, for any unpaid consideration for stock, unpaid capital
contribution or failure to pay any installment or call owing to such entity. 
 ARTICLE XII 

COMPLIANCE WITH THE FDIC RULE 

Section 12.01 Purpose. 

(a) Each of the Noteholders, the issuing entity, CRB and the Indenture Trustee acknowledges and agrees that the purpose of this Article XII is
to facilitate compliance by CRB with the provisions of the FDIC Rule. Each of the Noteholders, the issuing entity, CRB and the Indenture Trustee acknowledges 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 this Article XII shall have the effect
and meanings that are appropriate under the FDIC Rule as such meanings change over time on the basis of evolving interpretations of the FDIC Rule. 

(b) If any provision of the FDIC Rule is amended, or any interpretive guidance regarding the FDIC Rule is provided by the FDIC or its staff,
as a result of which the issuing 

  
 60 

 
entity determines that an amendment to this Article XII is necessary or desirable, then the issuing entity and the Indenture Trustee shall be authorized and entitled to amend this Article XII in
accordance with such FDIC Rule amendment or guidance, provided that the issuing entity delivers to the Indenture Trustee an Officer’s Certificate to the effect that (i) such amendment will not have a material adverse effect on the
Noteholders or (ii) such amendment is required to remain in compliance with the FDIC Rule. Nothing in this Section 12.01(b) shall limit the rights of the Indenture Trustee pursuant to Section 9.03. 

(c) As used in this Article XII, but subject to the rules of interpretation specified in Section 12.01(a) and Section 12.01(b),
references to (i) the “sponsor” shall mean CRB, (ii) the “issuing entity” shall mean, collectively, the Depositor and the Issuer (except in Section 12.02(e), where such term shall have the meaning set forth in the
FDIC Rule), (iii) the “servicer” shall mean the Servicer or Administrator, as applicable, (iv) “obligations” or “securitization obligations” shall mean the Notes and, to the extent permitted by the FDIC Rule,
the Certificates, (v) “investors” shall mean the Noteholders and, to the extent permitted by the FDIC Rule, Certificateholders, and (vi) “financial assets” and “securitized financial assets” shall mean the
Receivables (except in Section 12.02(e), where such term shall have the meaning in the FDIC Rule). 
 (d) The issuing entity believes
that the transactions and actions contemplated by the Basic Documents comply with the requirements of Section 12.02. 

Section 12.02 Requirements of FDIC Rule. 

As required by the FDIC Rule: 

(a) Payment of principal and interest on the securitization obligations must be primarily based on the performance of financial assets that
are transferred to the issuing entity and, except for interest rate or currency mismatches between the financial assets and the obligations, shall not be contingent on market or credit events that are independent of such financial assets. 

(b) The sponsor, issuing entity, and/or servicer, as appropriate, shall make available to investors, information describing the financial
assets, obligations, capital structure, compensation of relevant parties, and relevant historical performance data set forth below: 

(i) On or prior to issuance of obligations and at the time of delivery of any periodic distribution report and, in any event,
at least once per calendar quarter, while obligations are outstanding, information about the obligations and the securitized financial assets shall be disclosed to all potential investors at the financial asset or pool level, as appropriate for the
financial assets, and security-level to enable evaluation and analysis of the credit risk and performance of the obligations and financial assets. Such information and its disclosure, at a minimum, shall
comply with the requirements of Regulation AB or any successor disclosure requirements for public issuances, even if the obligations are issued in a private placement or are not otherwise required to be registered; provided, however, that
information that is unknown or not available to the sponsor or the issuing entity after reasonable investigation may be omitted if the issuing entity includes a statement in the offering documents disclosing that the specific information is
otherwise unavailable; 

  
 61 

 (ii) On or prior to issuance of obligations, the structure of the securitization
and the credit and payment performance of the obligations shall be disclosed, including the capital or tranche structure, the priority of payments and specific subordination features; representations and warranties made with respect to the financial
assets, the remedies for and the time permitted for cure of any breach of representations and warranties, including the repurchase of financial assets, if applicable; liquidity facilities and any credit enhancements permitted by the FDIC Rule, any
waterfall triggers or priority of payment reversal features; and policies governing delinquencies, servicer advances, loss mitigation, and write-offs of financial assets; 

(iii) While obligations are outstanding, the issuing entity shall provide to investors information with respect to the credit
performance of the obligations and the financial assets, including periodic and cumulative financial asset performance data, delinquency and modification data for the financial assets, substitutions and removal of financial assets, servicer
advances, as well as losses that were allocated to such tranche and remaining balance of financial assets supporting such tranche, if applicable, and the percentage of each tranche in relation to the securitization as a whole; and 

(iv) The nature and amount of compensation paid to the originator, sponsor, rating agency or third-party advisor, any mortgage
or other broker, and the servicer(s), and the extent to which any risk of loss on the underlying assets is retained by any of them for such securitization shall be disclosed; the issuing entity shall provide to investors while any obligations are
outstanding any changes to such information and the amount and nature of payments of any deferred compensation or similar arrangements to any of the parties. 

(c) Prior to the Section 941 Effective Date, the sponsor shall retain an economic interest in a material portion, defined as not less
than five (5) percent, of the credit risk of the financial assets. This retained interest may be either in the form of an interest of not less than five (5) percent in each of the credit tranches sold or transferred to the investors or in
a representative sample of the securitized financial assets equal to not less than five (5) percent of the principal amount of the financial assets at transfer. This retained interest may not be sold or pledged or hedged, except for the hedging
of interest rate or currency risk, during the term of the securitization. 
 (d) The obligations shall not be predominantly sold to an
Affiliate (other than a wholly-owned subsidiary consolidated for accounting and capital purposes with the sponsor) or insider of the sponsor. 

(e) The sponsor shall separately identify in its financial asset data bases the financial assets transferred into any securitization and shall
maintain an electronic or paper copy of the closing documents in a readily accessible form, a current list of all of its outstanding securitizations and issuing entities, and the most recent Form 10-K, if applicable, or other periodic financial
report for each securitization and issuing entity. The sponsor shall make these records readily available for review by the FDIC promptly upon written request. 

  
 62 

 (f) To the extent serving as servicer, custodian or paying agent for the securitization, the
sponsor shall not comingle amounts received with respect to the financial assets with its own assets except for the time, not to exceed two (2) Business Days, necessary to clear any payments received. 

(g) The sponsor shall maintain continuously, from the time of execution, a copy of all executed Basic Documents and other securitization
agreements in its official records. 
 Section 12.03 Performance. The issuing entity agrees to (i) perform the covenants
set forth in Section 12.02, except to the extent any such obligation is imposed exclusively on the servicer or the sponsor and (ii) facilitate compliance with this Article XII by CRB and the Depositor. 

Section 12.04 Effect of Section 941 Rules. Section 12.02(c) hereof shall not be construed to require the sponsor to
retain any greater economic interest in the credit risk of the financial assets than is required to comply with the FDIC Rule and other Applicable Law. Accordingly, upon the Section 941 Effective Date and thereafter, the sponsor shall be
entitled to adjust the amount of credit risk that it retains, or the terms under which such credit risk is retained, to the greatest extent elected by the sponsor, so long as the sponsor’s retention shall be in compliance with Applicable Law.
Within a reasonable time after the sponsor has so adjusted the amount or terms of the credit risk it retains, the sponsor shall give notice thereof to the Noteholders and the Certificateholders, and each of the Indenture Trustee, the Depositor and
CRB is authorized and entitled to amend Section 12.02(c), in accordance with and to the extent the issuing entity determines necessary or appropriate, to reflect the requirements of the Section 941 Rules. 

Section 12.05 Actions upon Repudiation. Without such actions constituting an acknowledgement or agreement by any investor or any
other party to the Basic Documents that the provisions of paragraph (d)(4) of the FDIC Rule are applicable: 
 (a) In the event that CRB
becomes the subject of an insolvency proceeding and the FDIC as receiver or conservator for CRB provides a written notice of repudiation as contemplated by paragraph (d)(4)(ii) of the FDIC Rule, the Servicer shall determine whether the FDIC in such
capacity will pay damages as provided in such paragraph (d)(4)(ii). Upon making such determination, the Servicer shall promptly, and in any event no more than one Business Day thereafter, so notify the Indenture Trustee and the Owner Trustee.

 (b) Following delivery of the notice specified in Section 12.05(a): 

(i) at the direction of the Holders of at least 25% of the Note Balance of the Outstanding Notes of the Controlling Class, the
Indenture Trustee shall request and the Servicer shall compute the damages due to the Holders of each Class of Notes pursuant to paragraph (d)(4)(ii) of the FDIC Rule and shall notify the Indenture Trustee, the Owner Trustee and the FDIC of such
amounts; and 
 (ii) at the direction of the Certificateholders pursuant to the Trust Agreement, the Owner Trustee shall
provide the Servicer with written instructions setting forth the amount of damages claimed by the Certificateholders pursuant to paragraph (d)(4)(ii) of the FDIC Rule, and the Servicer shall notify the Indenture Trustee, the Owner Trustee and the
FDIC of such claim for damages. 

  
 63 

 (c) If any principal or accrued interest on the Notes remains unpaid upon receipt of the notice
specified in Section 12.05(a), the Indenture Trustee shall thereupon determine the Applicable Payment Date for making a distribution to Noteholders of such damages, which date shall be the earlier of (i) the next Payment Date on which such
damages could be distributed and (ii) the earliest practicable date by which the Indenture Trustee could declare a special payment date, in each case subject to all applicable provisions of this Indenture, Applicable Law and the procedures of
the Depository. The Indenture Trustee is authorized and instructed to retain possession and control of the Trust Accounts and all amounts on deposit therein. 

(d) When the Applicable Payment Date is determined, the Servicer shall promptly compute the amount of interest to be paid on each Class of
Notes on the Applicable Payment Date, which interest (unless such Applicable Payment Date is a Payment Date) shall be the amount accruing up to the Applicable Payment Date and which shall be computed by pro rating the amount that would otherwise be
payable on the next succeeding Payment Date on the basis of (x) the number (not to exceed 30) of days elapsed from such preceding Payment Date divided by (y) 30. The Servicer shall notify the Indenture Trustee of the applicable amounts of
principal and interest to be paid on each Class of Notes and the Aggregate Note Amount not later than the Business Day following the day on which the Applicable Payment Date is determined. 

(e) If the Applicable Payment Date is a special payment date, the Indenture Trustee shall (i) declare such special payment date (the
record date for which shall be the close of business on the day immediately preceding such special payment date), (ii) declare a special distribution to Noteholders consisting of unpaid interest on each Note and the outstanding principal
balance of each Note and (iii) deliver notice to the Noteholders and the Servicer (which shall deliver such notice to the Owner Trustee) of such special payment date and special distribution. 

(f) Following payment by the FDIC of any damages described in Section 12.05(a), 

(i) such damages shall be deposited, first, into the Principal Distribution Account (in an amount equal to the lesser of
the (x) the Aggregate Note Amount and (y) the amount of such damages) and, second, into the Certificate Distribution Account under the Trust Agreement (in the amount of such damages, if any, remaining after making the deposit
described in clause first); 
 (ii) the Servicer shall promptly, and no later than one Business Day after such damages
have been paid by the FDIC, (x) compute the amount, if any, required to be withdrawn from available funds in the Reserve Account (and, if necessary, the Collection Account) and transferred to the Principal Distribution Account so that the
amount on deposit in the Principal Distribution Account shall equal the Aggregate Note Amount, if any and (y) promptly inform the Indenture Trustee and Owner Trustee of such computations; and 

(iii) on the Applicable Payment Date, the Indenture Trustee, at the written direction of the Servicer, shall, based on the
computations in Section 12.05(e), first, withdraw from monies on deposit in the Reserve Account and, if necessary, monies on deposit in the Collection Account the amount so computed and cause such amount to be deposited into the Principal
Distribution Account and second, cause all amounts deposited in the Principal Distribution Account pursuant to this Section 12.05 to be applied in accordance with Section 2.07, to the extent of the amounts available for application
pursuant thereto (but distributing to each class the amount of interest computed by the Servicer pursuant to Section 12.05(c), rather than the amount specified in Section 2.07). 

  
 64 

 (g) As promptly as practicable after giving effect to the distributions in Section 12.05(f),
any funds remaining in the Principal Distribution Account, the Certificate Distribution Account, the Collection Account and the Reserve Account shall be distributed on the earlier of (x) the date, if any, specified in the Trust Agreement and
(y) the following Payment Date (or on such applicable distribution date, if it is a Payment Date), such distributions to be made in accordance with the applicable provisions of the Basic Documents, with the Servicer to adjust the amounts of
such distributions to take into account the amounts distributed on the applicable distribution date. 
 Section 12.06 Notice.

 (a) In the event that CRB becomes the subject of an insolvency proceeding and the FDIC as receiver or conservator provides a written
notice of repudiation as contemplated by paragraph (d)(4)(ii) of the FDIC Rule, the party receiving such notice shall promptly deliver such notice to each of the Depositor, CRB, the Owner Trustee and the Indenture Trustee. 

(b) If the FDIC (i) is appointed as a conservator or receiver of CRB and (ii) is in default in the payment of principal or interest
when due following the expiration of any cure period hereunder or under the other Basic Documents, the Indenture Trustee at the written direction of the Holders of at least 25% of the Note Balance of the Outstanding Notes of the Controlling Class,
the Servicer or a Noteholder shall be entitled to deliver written notice to the FDIC requesting the exercise of contractual rights hereunder and under the other Basic Documents. 

(c) If (i) the FDIC is appointed as a conservator or receiver of CRB, (ii) the Notes have been Paid In Full and (iii) the FDIC
is in default in the payment of any amounts due to Certificateholders following the expiration of any cure period hereunder or under the other Basic Documents, the Owner Trustee at the direction of a Certificateholders shall be entitled to deliver
written notice to the FDIC requesting the exercise of contractual rights hereunder and under the other Basic Documents. 

Section 12.07 Reservation of Rights. Notwithstanding anything herein to the contrary, neither the inclusion of this Article XII in
this Indenture nor the compliance by any Person with, 

  
 65 

 
or the acknowledgment by any Person of, this Article’s provisions (a) constitutes an agreement or acknowledgment by any Person that, in the case of an insolvency proceeding with respect
to CRB, a receiver or conservator will have any rights with respect to the trust estate under this Indenture or (b) shall be deemed to limit in any way whatsoever the right of any Person to contest any decision, assertion or other action taken
or made by such a receiver or conservator in respect of the obligations or the Basic Documents, including any such action seeking to apply the FDIC Rule, or the provisions of paragraph (d)(4) of the FDIC Rule rather than paragraph (d)(3) thereof, to
the transactions contemplated by the Basic Documents. 

  
 66 

 IN WITNESS WHEREOF, the Issuer and the Indenture Trustee have caused this Indenture to be duly
executed by their respective officers, thereunto duly authorized and duly attested, all as of the day and year first above written. 
  

			
	CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2
		
	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature page to
the Indenture] 

 
			
	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Indenture Trustee
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature page to
the Indenture] 

 EXHIBIT A-1 

FORM OF CLASS A-1 NOTE 

CLASS A-1 ASSET BACKED NOTE 
 THE
ACQUISITION OF THE NOTES BY, OR ON BEHALF OF, OR WITH THE ASSETS OF ANY “EMPLOYEE BENEFIT PLAN” SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
ANY “PLAN” SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “INTERNAL REVENUE CODE”), OR ANY ENTITY PART OR ALL OF THE ASSETS OF WHICH CONSTITUTE ASSETS OF ANY SUCH EMPLOYEE BENEFIT PLAN OR PLAN BY
REASON OF DEPARTMENT OF LABOR REGULATION SECTION 2510.3-101 OR OTHERWISE IS PROHIBITED UNLESS SUCH PURCHASE, HOLDING AND SUBSEQUENT DISPOSITION OF THE NOTES WOULD NOT RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
UNDER SECTION 4975 OF THE INTERNAL REVENUE CODE. EACH BENEFICIAL OWNER OF THIS NOTE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS AND AGREEMENTS SET FORTH IN THE INDENTURE. 

A FIDUCIARY OF A BENEFIT PLAN PURCHASING THE NOTES WITH THE ASSETS OF A BENEFIT PLAN IS DEEMED TO REPRESENT THAT THE PURCHASE OF ONE OR MORE
NOTES IS CONSISTENT WITH ITS FIDUCIARY DUTIES UNDER ERISA AND DOES NOT RESULT IN A NONEXEMPT PROHIBITED TRANSACTION AS DEFINED IN SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE. 

ANY TRANSFER, PLEDGE OR OTHER USE OF THIS NOTE FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN, UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO.). 
 TRANSFERS OF THIS NOTE SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE INDENTURE REFERRED TO HEREIN. 
 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL
AMOUNT OF THIS NOTE AT ANY 

  
 (Exhibit A-1, Page 1)

 
TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE INDENTURE TRUSTEE. 

THE FAILURE TO PROVIDE THE ISSUING ENTITY AND THE INDENTURE TRUSTEE WITH THE APPLICABLE U.S. FEDERAL INCOME TAX CERTIFICATIONS (GENERALLY, AN
INTERNAL REVENUE SERVICE FORM W-9 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE CODE, OR AN APPROPRIATE INTERNAL REVENUE SERVICE
FORM W-8 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS NOT A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE CODE) MAY RESULT IN THE IMPOSITION OF U.S. FEDERAL BACK-UP WITHHOLDING
UPON PAYMENTS TO THE HOLDER IN RESPECT OF THIS` NOTE. 

  
 (Exhibit A-1, Page 2)

 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 

[    ]% CLASS A-1 ASSET BACKED NOTE 

$        1 

NOTE No. R-1 
 [CUSIP NO.
[            ]] 
 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2, a Delaware
statutory trust (herein referred to as the “Issuer”), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
             MILLION DOLLARS ($        ), on the earlier of the Payment Date occurring on December 15, 2014 (the “Final Scheduled
Payment Date”) and the Redemption Date, if any, pursuant to Section 10.01 of the Indenture (referred to on the reverse side hereof) except as provided below or in the Indenture (referred to on the reverse side hereof. The Issuer will
pay interest on this Note at the Class A-1 Interest Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the close of business on the preceding
Payment Date, subject to certain limitations contained in Article V of the Sale and Servicing Agreement (referred to on the reverse side hereof). Interest on this Note will accrue from and including the prior Payment Date (or, with respect to
the first Payment Date, from and including the Closing Date) to, but excluding, the current Payment Date. Interest will be computed on the basis of the actual number of days elapsed and a 360-day year. Such principal of and interest on this Note
shall be paid in the manner specified in the Indenture and the Sale and Servicing Agreement. 
 Capitalized terms used but not defined
herein are defined in Indenture or the Sale and Servicing Agreement. 
 The Notes are secured by certain assets of the Issuer consisting
primarily of a portfolio of motor vehicle installment sale contracts and loans. This Note does not represent an interest in, or obligation of, California Republic Funding, LLC (the “Depositor”), California Republic Bank, or any
affiliate thereof. 
 Unless the certificate of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual
signature, this Note shall not be entitled to any benefit under the Indenture, or the Sale and Servicing Agreement or be valid for any purpose. 

THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES
OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

 

	1 	Denominations of $100,000 and integral multiples of $1,000 in excess thereof. 

  
 (Exhibit A-1, Page 3)

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually or in facsimile,
by its Authorized Officer. 
  

											
	Date:	 	  
	 		 		 	CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2
					
		 		 		 	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee
						
		 		 		 		 	By:	 	  

		 		 		 		 		 	Authorized Signatory

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes designated above and referred to in the within-mentioned Indenture. 

 

									
	Date:	 	  
	 		 	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Indenture Trustee
					
		 		 		 	By:	 	  

		 		 		 		 	Authorized Signatory

  
 (Exhibit A-1, Page 4)

 REVERSE OF NOTE 

This certifies that Cede & Co. (the “Noteholder”), is the registered owner of the Note which is secured by certain
assets of the CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 (the “Issuer”) created by the Amended and Restated Trust Agreement, dated as of November 1, 2013, between Depositor and Wilmington Trust, National Association, as
Owner Trustee (the “Owner Trustee”). The Notes are issued pursuant to an Indenture, dated as of November 1, 2013 (as amended, the “Indenture”), between the Issuer and Deutsche Bank Trust Company Americas, as
Indenture Trustee (the “Indenture Trustee”) and are subject to the terms of the Indenture and the Sale and Servicing Agreement, dated as of November 1, 2013 (as amended, the “Sale and Servicing Agreement”),
among California Republic Bank, the Depositor, the Indenture Trustee and the Issuer. 
 The property of the Issuer will include the
Issuer’s right, title and interest in, to and under the Collateral (as defined in the Indenture). 
 This Note is issued under and is
subject to the terms, provisions and conditions of the Sale and Servicing Agreement, and the Indenture, as each may be amended and supplemented from time to time, the Noteholder by virtue of the acceptance hereof assents and is bound. Although a
summary of certain provisions of the Sale and Servicing Agreement and the Indenture are set forth below, this Note does not purport to summarize the Sale and Servicing Agreement or the Indenture and reference is made to the Sale and Servicing
Agreement and the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Indenture Trustee. A copy of the Sale and Servicing
Agreement and the Indenture (without schedules and exhibits) may be requested from the Indenture Trustee by writing to the Indenture Trustee at Deutsche Bank Trust Company Americas, C/O DBNTC, 100 Plaza One, 6th Floor, MS JCY03-0699, Jersey City, NJ 07311. In the event of any conflict between this Note, on the one hand, and the Indenture or the Sale and Servicing Agreement on the other hand, the Indenture
or the Sale and Servicing Agreement shall control. 
 The Issuer has entered into the Sale and Servicing Agreement and the Notes have been
(or will be) issued with the intention that the Notes will qualify under Applicable Law as indebtedness of the Issuer secured by the Collateral. The Issuer, each Beneficiary and each Noteholder and Owner by the acceptance of its Note or Book-Entry
Note, as applicable, agrees to treat the Notes as indebtedness secured by the Collateral for federal income, State and local income, and franchise taxes and any other taxes imposed on or measured by income. 

On each Payment Date, the Indenture Trustee shall distribute to each Person who was a Noteholder at the close of business on the last day of
the prior Collection Period (each a “Record Date”) such Noteholder’s share of such amounts on deposit in the Collection Account as are payable in respect of Notes pursuant to the Sale and Servicing Agreement. Distributions with
respect to this Note will be made by the Indenture Trustee by check mailed to the address of the Noteholder of record appearing on the Register without the presentation or surrender of this Note or the making of any notation thereon (except for the
final distribution in respect of this Note) except that with respect to Notes registered in the name of a Depository, including Cede & Co., the nominee for DTC, distributions will be made to the Depository in immediately available

  
 (Exhibit A-1, Page 5)

 
funds. Final payment of this Note will be made only upon presentation and surrender of this Note at the office or agency specified in the notice of final distribution delivered by the Indenture
Trustee to the Noteholder in accordance with the Indenture. 
 On the Payment Date occurring after the last day of a Collection Period on
which the aggregate outstanding principal balance of the Notes is reduced to an amount equal to or less than 10% of the Cutoff Date Pool Balance the Servicer shall have the option to redeem the Notes in whole, but not in part, at a purchase price
equal to the Redemption Price for such Payment Date. Each of the Notes is also subject to redemption in whole, but not in part, on any Payment Date on which the sum of the amounts in the Reserve Account and the remaining Available Funds after the
payments under Sections 5.04(a)(i) through 5.04(a)(vii) and Section 5.04(a)(x) of the Sale and Servicing Agreement would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Notes as determined by the
Servicer. 
 This Note does not represent an obligation of, or an interest in Depositor, California Republic Bank, or any affiliate of any
of them and is not insured or guaranteed by any governmental agency or instrumentality. This Note is limited in right of payment to certain Collections with respect to the Collateral, all as more specifically set forth herein and in the Sale and
Servicing Agreement and the Indenture. 
 Upon the satisfaction of the Rating Agency Condition, the Sale and Servicing Agreement may be
amended from time to time by the Depositor, the Seller, the Servicer, the Indenture Trustee, the Issuer and the Noteholders holding a majority of the Note Balance of the Outstanding Notes of the Controlling Class for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of the Sale and Servicing Agreement or of modifying in any manner the rights of the Noteholders. 

The Indenture may be amended and supplemental indentures may be adopted in accordance with the terms and conditions set forth in the
Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in
the Register of the Registrar upon surrender of this Note for registration of transfer at the office or agency maintained by the Registrar in Jacksonville, Florida, accompanied by a written instrument of transfer in form satisfactory to the
Registrar duly executed by the Holder hereof or such Holder’s attorney duly authorized, and thereupon one or more new Notes of authorized denominations evidencing the same aggregate fractional undivided interest will be issued to the designated
transferee or transferees. 
 The Notes are issuable only as registered Notes without coupons in denominations specified in the Indenture.

 As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for new Notes of a like Class
and aggregate principal amount as requested by the Noteholder surrendering such Notes. No service charge may be imposed for any such exchange, but the Indenture Trustee may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith. 

  
 (Exhibit A-1, Page 6)

 The Servicer, the Indenture Trustee, the Issuer and the Registrar and any agent of any of them,
may treat the person in whose name this Note is registered as the owner hereof for all purposes, and neither the Servicer nor the Indenture Trustee, the Issuer and Registrar, nor any agent any of them, shall be affected by notice to the contrary
except in certain circumstances described in the Indenture. 
 The Indenture Trustee is not responsible for and makes no representation as
to the validity or adequacy of the Indenture or this Note, is not accountable for the Issuer’s use of proceeds of the Notes and is not responsible for any statement in this Note other than the Indenture Trustee’s certificate of
authentication. 

  
 (Exhibit A-1, Page 7)

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee: 
  

			
	  
	 	

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

 
  

(name and address of assignee) 
 the within Note
and all rights thereunder, and hereby irrevocably constitutes and appoints
                                        ,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
  

									
	 Dated:
	 	  
	 		 	  
	 	
		 		 		 	Signature Guaranteed:	 	
					
		 		 		 	  
	 	

  

	*/	NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears on the reverse of the within Note in every particular, without alteration, enlargement or any change
whatsoever. 

  
 (Exhibit A-1, Page 8)

 EXHIBIT A-2 

FORM OF CLASS A-2 NOTE 

THE ACQUISITION OF THE NOTES BY, OR ON BEHALF OF, OR WITH THE ASSETS OF ANY “EMPLOYEE BENEFIT PLAN” SUBJECT TO THE FIDUCIARY
RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR ANY “PLAN” SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “INTERNAL REVENUE
CODE”), OR ANY ENTITY PART OR ALL OF THE ASSETS OF WHICH CONSTITUTE ASSETS OF ANY SUCH EMPLOYEE BENEFIT PLAN OR PLAN BY REASON OF DEPARTMENT OF LABOR REGULATION SECTION 2510.3-101 OR OTHERWISE IS PROHIBITED UNLESS SUCH PURCHASE, HOLDING AND
SUBSEQUENT DISPOSITION OF THE NOTES WOULD NOT RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR UNDER SECTION 4975 OF THE INTERNAL REVENUE CODE. EACH BENEFICIAL OWNER OF THIS NOTE WILL BE DEEMED TO HAVE MADE THE
REPRESENTATIONS AND AGREEMENTS SET FORTH IN THE INDENTURE. 
 A FIDUCIARY OF A BENEFIT PLAN PURCHASING THE NOTES WITH THE ASSETS OF A
BENEFIT PLAN IS DEEMED TO REPRESENT THAT THE PURCHASE OF ONE OR MORE NOTES IS CONSISTENT WITH ITS FIDUCIARY DUTIES UNDER ERISA AND DOES NOT RESULT IN A NONEXEMPT PROHIBITED TRANSACTION AS DEFINED IN SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE.

 ANY TRANSFER, PLEDGE OR OTHER USE OF THIS NOTE FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN, UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO.). 
 TRANSFERS OF THIS NOTE SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE INDENTURE REFERRED TO HEREIN. 
 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL
AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE INDENTURE TRUSTEE. 

  
 (Exhibit A-2, Page 1)

 THE FAILURE TO PROVIDE THE ISSUING ENTITY AND THE INDENTURE TRUSTEE WITH THE APPLICABLE U.S.
FEDERAL INCOME TAX CERTIFICATIONS (GENERALLY, AN INTERNAL REVENUE SERVICE FORM W-9 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE
CODE, OR AN APPROPRIATE INTERNAL REVENUE SERVICE FORM W-8 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS NOT A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE CODE) MAY RESULT IN THE
IMPOSITION OF U.S. FEDERAL BACK-UP WITHHOLDING UPON PAYMENTS TO THE HOLDER IN RESPECT OF THIS` NOTE. 

  
 (Exhibit A-2, Page 2)

 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 

[    ]% CLASS A-2 ASSET BACKED NOTE 

$        2 

NOTE No. R-1 
 [CUSIP NO.
[            ]] 
 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2, a Delaware
statutory trust (herein referred to as the “Issuer”), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
             MILLION DOLLARS ($        ), on the earlier of the Payment Date occurring on March 15, 2019 (the “Final Scheduled Payment
Date”) and the Redemption Date, if any, pursuant to Section 10.01 of the Indenture (referred to on the reverse side hereof) except as provided below or in the Indenture (referred to on the reverse side hereof. The Issuer will pay
interest on this Note at the Class A-2 Interest Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the close of business on the preceding
Payment Date, subject to certain limitations contained in Article V of the Sale and Servicing Agreement (referred to on the reverse side hereof). Interest on this Note will accrue for each Payment Date from the and including the 15th day of each calendar month preceding the Payment Date (or from and including the Closing Date in the case of the first Payment Date) to but excluding the 15th day of the following month. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. Such principal of and interest on this Note shall be paid in the manner
specified in the Indenture and the Sale and Servicing Agreement. 
 Capitalized terms used but not defined herein are defined in Indenture
or the Sale and Servicing Agreement. 
 The Notes are secured by certain assets of the Issuer consisting primarily of a portfolio of motor
vehicle installment sale contracts and loans. This Note does not represent an interest in, or obligation of, California Republic Funding, LLC (the “Depositor”), California Republic Bank, or any affiliate thereof. This Note and all
other Class A-2 Notes are junior and subordinated to the Class A-1 Notes, as fully described in the Indenture and the Sale and Servicing Agreement. 

Unless the certificate of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or the Sale and Servicing Agreement or be valid for any purpose. 
 THIS NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO THE CONFLICT OF LAWS
PROVISIONS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
  

	2 	Denominations of $100,000 and integral multiples of $1,000 in excess thereof. 

  
 (Exhibit A-2, Page 3)

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually or in facsimile,
by its Authorized Officer. 
  

											
	Date:	 	  
	 		 		 	CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2
					
		 		 		 	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee
						
		 		 		 		 	By:	 	  

		 		 		 		 		 	Authorized Signatory

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes designated above and referred to in the within-mentioned Indenture. 

 

									
	Date:	 	  
	 		 	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Indenture Trustee
					
		 		 		 	By:	 	  

		 		 		 		 	Authorized Signatory

  
 (Exhibit A-2, Page 4)

 REVERSE OF NOTE 

This certifies that Cede & Co. (the “Noteholder”), is the registered owner of the Note which is secured by certain
assets of the CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 (the “Issuer”) created by the Amended and Restated Trust Agreement, dated as of November 1, 2013, between Depositor and Wilmington Trust, National Association, as
Owner Trustee (the “Owner Trustee”). The Notes are issued pursuant to an Indenture, dated as of November 1, 2013 (as amended, the “Indenture”), between the Issuer and Deutsche Bank Trust Company Americas, as
Indenture Trustee (the “Indenture Trustee”) and are subject to the terms of the Indenture and the Sale and Servicing Agreement, dated as of November 1, 2013 (as amended, the “Sale and Servicing Agreement”),
among California Republic Bank, the Depositor, the Indenture Trustee and the Issuer. 
 The property of the Issuer will include the
Issuer’s right, title and interest in, to and under the Collateral (as defined in the Indenture). 
 This Note is issued under and is
subject to the terms, provisions and conditions of the Sale and Servicing Agreement, and the Indenture, as each may be amended and supplemented from time to time, the Noteholder by virtue of the acceptance hereof assents and is bound. Although a
summary of certain provisions of the Sale and Servicing Agreement and the Indenture are set forth below, this Note does not purport to summarize the Sale and Servicing Agreement or the Indenture and reference is made to the Sale and Servicing
Agreement and the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Indenture Trustee. A copy of the Sale and Servicing
Agreement and the Indenture (without schedules and exhibits) may be requested from the Indenture Trustee by writing to the Indenture Trustee at Deutsche Bank Trust Company Americas, C/O DBNTC, 100 Plaza One, 6th Floor, MS JCY03-0699, Jersey City, NJ 07311. In the event of any conflict between this Note, on the one hand, and the Indenture or the Sale and Servicing Agreement on the other hand, the Indenture
or the Sale and Servicing Agreement shall control. 
 The Issuer has entered into the Sale and Servicing Agreement and the Notes have been
(or will be) issued with the intention that the Notes will qualify under Applicable Law as indebtedness of the Issuer secured by the Collateral. The Issuer, each Beneficiary and each Noteholder and Owner by the acceptance of its Note or Book-Entry
Note, as applicable, agrees to treat the Notes as indebtedness secured by the Collateral for federal income, State and local income, and franchise taxes and any other taxes imposed on or measured by income. 

On each Payment Date, the Indenture Trustee shall distribute to each Person who was a Noteholder at the close of business on the last day of
the prior Collection Period (each a “Record Date”) such Noteholder’s share of such amounts on deposit in the Collection Account as are payable in respect of Notes pursuant to the Sale and Servicing Agreement. Distributions with
respect to this Note will be made by the Indenture Trustee by check mailed to the address of the Noteholder of record appearing on the Register without the presentation or surrender of this Note or the making of any notation thereon (except for the
final distribution in respect of this Note) except that with respect to Notes registered in the name of a Depository, including Cede & Co., the nominee for DTC, distributions will be made to the Depository in immediately available

  
 (Exhibit A-2, Page 5)

 
funds. Final payment of this Note will be made only upon presentation and surrender of this Note at the office or agency specified in the notice of final distribution delivered by the Indenture
Trustee to the Noteholder in accordance with the Indenture. 
 On the Payment Date occurring after the last day of a Collection Period on
which the aggregate outstanding principal balance of the Notes is reduced to an amount equal to or less than 10% of the Cutoff Date Pool Balance the Servicer shall have the option to redeem the Notes in whole, but not in part, at a purchase price
equal to the Redemption Price for such Payment Date. Each of the Notes is also subject to redemption in whole, but not in part, on any Payment Date on which the sum of the amounts in the Reserve Account and the remaining Available Funds after the
payments under Sections 5.04(a)(i) through 5.04(a)(vii) and Section 5.04(a)(x) of the Sale and Servicing Agreement would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Notes as determined by the
Servicer. 
 This Note does not represent an obligation of, or an interest in Depositor, California Republic Bank, or any affiliate of any
of them and is not insured or guaranteed by any governmental agency or instrumentality. This Note is limited in right of payment to certain Collections with respect to the Collateral, all as more specifically set forth herein and in the Sale and
Servicing Agreement and the Indenture. 
 Upon the satisfaction of the Rating Agency Condition, the Sale and Servicing Agreement may be
amended from time to time by the Depositor, the Seller, the Servicer, the Indenture Trustee, the Issuer and the Noteholders holding a majority of the Note Balance of the Outstanding Notes of the Controlling Class for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of the Sale and Servicing Agreement or of modifying in any manner the rights of the Noteholders. 

The Indenture may be amended and supplemental indentures may be adopted in accordance with the terms and conditions set forth in the
Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in
the Register of the Registrar upon surrender of this Note for registration of transfer at the office or agency maintained by the Registrar in Jacksonville, Florida, accompanied by a written instrument of transfer in form satisfactory to the
Registrar duly executed by the Holder hereof or such Holder’s attorney duly authorized, and thereupon one or more new Notes of authorized denominations evidencing the same aggregate fractional undivided interest will be issued to the designated
transferee or transferees. 
 The Notes are issuable only as registered Notes without coupons in denominations specified in the Indenture.

 As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for new Notes of a like Class
and aggregate principal amount as requested by the Noteholder surrendering such Notes. No service charge may be imposed for any such exchange, but the Indenture Trustee may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith. 

  
 (Exhibit A-2, Page 6)

 The Servicer, the Indenture Trustee, the Issuer and the Registrar and any agent of any of them,
may treat the person in whose name this Note is registered as the owner hereof for all purposes, and neither the Servicer nor the Indenture Trustee, the Issuer and Registrar, nor any agent any of them, shall be affected by notice to the contrary
except in certain circumstances described in the Indenture. 
 The Indenture Trustee is not responsible for and makes no representation as
to the validity or adequacy of the Indenture or this Note, is not accountable for the Issuer’s use of proceeds of the Notes and is not responsible for any statement in this Note other than the Indenture Trustee’s certificate of
authentication. 

  
 (Exhibit A-2, Page 7)

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee: 
  

			
	  
	  	

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

 
  
  

(name and address of assignee) 
 the within Note
and all rights thereunder, and hereby irrevocably constitutes and appoints
                                        ,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
  

									
	Dated:	 	  
	 		  	  
	  	
		 		 		  	Signature Guaranteed:	  	
					
		 		 		  	  
	  	

  

	*/	NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears on the reverse of the within Note in every particular, without alteration, enlargement or any change
whatsoever. 

  
 (Exhibit A-2, Page 8)

 EXHIBIT A-3 

FORM OF CLASS B NOTE 
 THE
ACQUISITION OF THE NOTES BY, OR ON BEHALF OF, OR WITH THE ASSETS OF ANY “EMPLOYEE BENEFIT PLAN” SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
ANY “PLAN” SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “INTERNAL REVENUE CODE”), OR ANY ENTITY PART OR ALL OF THE ASSETS OF WHICH CONSTITUTE ASSETS OF ANY SUCH EMPLOYEE BENEFIT PLAN OR PLAN BY
REASON OF DEPARTMENT OF LABOR REGULATION SECTION 2510.3-101 OR OTHERWISE IS PROHIBITED UNLESS SUCH PURCHASE, HOLDING AND SUBSEQUENT DISPOSITION OF THE NOTES WOULD NOT RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
UNDER SECTION 4975 OF THE INTERNAL REVENUE CODE. EACH BENEFICIAL OWNER OF THIS NOTE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS AND AGREEMENTS SET FORTH IN THE INDENTURE. 

A FIDUCIARY OF A BENEFIT PLAN PURCHASING THE NOTES WITH THE ASSETS OF A BENEFIT PLAN IS DEEMED TO REPRESENT THAT THE PURCHASE OF ONE OR MORE
NOTES IS CONSISTENT WITH ITS FIDUCIARY DUTIES UNDER ERISA AND DOES NOT RESULT IN A NONEXEMPT PROHIBITED TRANSACTION AS DEFINED IN SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE. 

ANY TRANSFER, PLEDGE OR OTHER USE OF THIS NOTE FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN, UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO.). 
 TRANSFERS OF THIS NOTE SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE INDENTURE REFERRED TO HEREIN. 
 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL
AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE INDENTURE TRUSTEE. 

  
 (Exhibit A-3, Page 1)

 THE FAILURE TO PROVIDE THE ISSUING ENTITY AND THE INDENTURE TRUSTEE WITH THE APPLICABLE U.S.
FEDERAL INCOME TAX CERTIFICATIONS (GENERALLY, AN INTERNAL REVENUE SERVICE FORM W-9 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE
CODE, OR AN APPROPRIATE INTERNAL REVENUE SERVICE FORM W-8 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS NOT A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE CODE) MAY RESULT IN THE
IMPOSITION OF U.S. FEDERAL BACK-UP WITHHOLDING UPON PAYMENTS TO THE HOLDER IN RESPECT OF THIS` NOTE. 

  
 (Exhibit A-3, Page 2)

 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 

[    ]% CLASS B ASSET BACKED NOTE 

$        3 

NOTE No. R-1 
 [CUSIP NO.
[            ]] 
 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2, a Delaware
statutory trust (herein referred to as the “Issuer”), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
             MILLION DOLLARS ($        ), on the earlier of the Payment Date occurring on July 15, 2019 (the “Final Scheduled Payment
Date”) and the Redemption Date, if any, pursuant to Section 10.01 of the Indenture (referred to on the reverse side hereof) except as provided below or in the Indenture (referred to on the reverse side hereof. The Issuer will pay
interest on this Note at the Class B Interest Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the close of business on the preceding Payment Date,
subject to certain limitations contained in Article V of the Sale and Servicing Agreement (referred to on the reverse side hereof). Interest on this Note will accrue for each Payment Date from the and including the 15th day of each calendar month preceding the Payment Date (or from and including the Closing Date in the case of the first Payment Date) to but excluding the 15th day of the following month. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. Such principal of and interest on this Note shall be paid in the manner
specified in the Indenture and the Sale and Servicing Agreement. 
 Capitalized terms used but not defined herein are defined in Indenture
or the Sale and Servicing Agreement. 
 The Notes are secured by certain assets of the Issuer consisting primarily of a portfolio of motor
vehicle installment sale contracts and loans. This Note does not represent an interest in, or obligation of, California Republic Funding, LLC (the “Depositor”), California Republic Bank, or any affiliate thereof. This Note and all
other Class B Notes are junior and subordinated to the Class A-1 Notes and the Class A-2 Notes, as fully described in the Indenture and the Sale and Servicing Agreement. 

Unless the certificate of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or the Sale and Servicing Agreement or be valid for any purpose. 
 THIS NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE 

 

	3 	Denominations of $100,000 and integral multiples of $1,000 in excess thereof. 

  
 (Exhibit A-3, Page 3)

 
WITH SUCH LAWS WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 (Exhibit A-3, Page 4)

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually or in facsimile,
by its Authorized Officer. 
  

											
	Date:	 	  
	 		 		 	CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2
					
		 		 		 	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee
						
		 		 		 		 	By:	 	  

		 		 		 		 		 	Authorized Signatory

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes designated above and referred to in the within-mentioned Indenture. 

 

											
	Date:	 	  
	 		 	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Indenture Trustee
					
		 		 		 	By:	 	  

		 		 		 		 		 	Authorized Signatory

  
 (Exhibit A-3, Page 5)

 REVERSE OF NOTE 

This certifies that Cede & Co. (the “Noteholder”), is the registered owner of the Note which is secured by certain
assets of the CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 (the “Issuer”) created by the Amended and Restated Trust Agreement, dated as of November 1, 2013, between Depositor and Wilmington Trust, National Association, as
Owner Trustee (the “Owner Trustee”). The Notes are issued pursuant to an Indenture, dated as of November 1, 2013 (as amended, the “Indenture”), between the Issuer and Deutsche Bank Trust Company Americas, as
Indenture Trustee (the “Indenture Trustee”) and are subject to the terms of the Indenture and the Sale and Servicing Agreement, dated as of November 1, 2013 (as amended, the “Sale and Servicing Agreement”),
among California Republic Bank, the Depositor, the Indenture Trustee and the Issuer. 
 The property of the Issuer will include the
Issuer’s right, title and interest in, to and under the Collateral (as defined in the Indenture). 
 This Note is issued under and is
subject to the terms, provisions and conditions of the Sale and Servicing Agreement, and the Indenture, as each may be amended and supplemented from time to time, the Noteholder by virtue of the acceptance hereof assents and is bound. Although a
summary of certain provisions of the Sale and Servicing Agreement and the Indenture are set forth below, this Note does not purport to summarize the Sale and Servicing Agreement or the Indenture and reference is made to the Sale and Servicing
Agreement and the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Indenture Trustee. A copy of the Sale and Servicing
Agreement and the Indenture (without schedules and exhibits) may be requested from the Indenture Trustee by writing to the Indenture Trustee at Deutsche Bank Trust Company Americas, C/O DBNTC, 100 Plaza One, 6th Floor, MS JCY03-0699, Jersey City, NJ 07311. In the event of any conflict between this Note, on the one hand, and the Indenture or the Sale and Servicing Agreement on the other hand, the Indenture
or the Sale and Servicing Agreement shall control. 
 The Issuer has entered into the Sale and Servicing Agreement and the Notes have been
(or will be) issued with the intention that the Notes will qualify under Applicable Law as indebtedness of the Issuer secured by the Collateral. The Issuer, each Beneficiary and each Noteholder and Owner by the acceptance of its Note or Book-Entry
Note, as applicable, agrees to treat the Notes as indebtedness secured by the Collateral for federal income, State and local income, and franchise taxes and any other taxes imposed on or measured by income. 

On each Payment Date, the Indenture Trustee shall distribute to each Person who was a Noteholder at the close of business on the last day of
the prior Collection Period (each a “Record Date”) such Noteholder’s share of such amounts on deposit in the Collection Account as are payable in respect of Notes pursuant to the Sale and Servicing Agreement. Distributions with
respect to this Note will be made by the Indenture Trustee by check mailed to the address of the Noteholder of record appearing on the Register without the presentation or surrender of this Note or the making of any notation thereon (except for the
final distribution in respect of this Note) except that with respect to Notes registered in the name of a Depository, including Cede & Co., the nominee for DTC, distributions will be made to the Depository in immediately available

  
 (Exhibit A-3, Page 6)

 
funds. Final payment of this Note will be made only upon presentation and surrender of this Note at the office or agency specified in the notice of final distribution delivered by the Indenture
Trustee to the Noteholder in accordance with the Indenture. 
 On the Payment Date occurring after the last day of a Collection Period on
which the aggregate outstanding principal balance of the Notes is reduced to an amount equal to or less than 10% of the Cutoff Date Pool Balance the Servicer shall have the option to redeem the Notes in whole, but not in part, at a purchase price
equal to the Redemption Price for such Payment Date. Each of the Notes is also subject to redemption in whole, but not in part, on any Payment Date on which the sum of the amounts in the Reserve Account and the remaining Available Funds after the
payments under Sections 5.04(a)(i) through 5.04(a)(vii) and Section 5.04(a)(x) of the Sale and Servicing Agreement would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Notes as determined by the
Servicer. 
 This Note does not represent an obligation of, or an interest in Depositor, California Republic Bank, or any affiliate of any
of them and is not insured or guaranteed by any governmental agency or instrumentality. This Note is limited in right of payment to certain Collections with respect to the Collateral, all as more specifically set forth herein and in the Sale and
Servicing Agreement and the Indenture. 
 Upon the satisfaction of the Rating Agency Condition, the Sale and Servicing Agreement may be
amended from time to time by the Depositor, the Seller, the Servicer, the Indenture Trustee, the Issuer and the Noteholders holding a majority of the Note Balance of the Outstanding Notes of the Controlling Class for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of the Sale and Servicing Agreement or of modifying in any manner the rights of the Noteholders. 

The Indenture may be amended and supplemental indentures may be adopted in accordance with the terms and conditions set forth in the
Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in
the Register of the Registrar upon surrender of this Note for registration of transfer at the office or agency maintained by the Registrar in Jacksonville, Florida, accompanied by a written instrument of transfer in form satisfactory to the
Registrar duly executed by the Holder hereof or such Holder’s attorney duly authorized, and thereupon one or more new Notes of authorized denominations evidencing the same aggregate fractional undivided interest will be issued to the designated
transferee or transferees. 
 The Notes are issuable only as registered Notes without coupons in denominations specified in the Indenture.

 As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for new Notes of a like Class
and aggregate principal amount as requested by the Noteholder surrendering such Notes. No service charge may be imposed for any such exchange, but the Indenture Trustee may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith. 

  
 (Exhibit A-3, Page 7)

 The Servicer, the Indenture Trustee, the Issuer and the Registrar and any agent of any of them,
may treat the person in whose name this Note is registered as the owner hereof for all purposes, and neither the Servicer nor the Indenture Trustee, the Issuer and Registrar, nor any agent any of them, shall be affected by notice to the contrary
except in certain circumstances described in the Indenture. 
 The Indenture Trustee is not responsible for and makes no representation as
to the validity or adequacy of the Indenture or this Note, is not accountable for the Issuer’s use of proceeds of the Notes and is not responsible for any statement in this Note other than the Indenture Trustee’s certificate of
authentication. 

  
 (Exhibit A-3, Page 8)

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee: 
  

			
	  
	  	

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

 
  
  

(name and address of assignee) 
 the within Note
and all rights thereunder, and hereby irrevocably constitutes and appoints
                                        ,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
  

									
	Dated:	 	  
	 		  	  
	  	
		 		 		  	Signature Guaranteed:	  	
					
		 		 		  	  
	  	

  

	*/	NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears on the reverse of the within Note in every particular, without alteration, enlargement or any change
whatsoever. 

  
 (Exhibit A-3, Page 9)

 EXHIBIT A-4 

FORM OF CLASS C NOTE 
 THE
ACQUISITION OF THE NOTES BY, OR ON BEHALF OF, OR WITH THE ASSETS OF ANY “EMPLOYEE BENEFIT PLAN” SUBJECT TO THE FIDUCIARY RESPONSIBILITY PROVISIONS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OR
ANY “PLAN” SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “INTERNAL REVENUE CODE”), OR ANY ENTITY PART OR ALL OF THE ASSETS OF WHICH CONSTITUTE ASSETS OF ANY SUCH EMPLOYEE BENEFIT PLAN OR PLAN BY
REASON OF DEPARTMENT OF LABOR REGULATION SECTION 2510.3-101 OR OTHERWISE IS PROHIBITED UNLESS SUCH PURCHASE, HOLDING AND SUBSEQUENT DISPOSITION OF THE NOTES WOULD NOT RESULT IN ANY NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
UNDER SECTION 4975 OF THE INTERNAL REVENUE CODE. EACH BENEFICIAL OWNER OF THIS NOTE WILL BE DEEMED TO HAVE MADE THE REPRESENTATIONS AND AGREEMENTS SET FORTH IN THE INDENTURE. 

A FIDUCIARY OF A BENEFIT PLAN PURCHASING THE NOTES WITH THE ASSETS OF A BENEFIT PLAN IS DEEMED TO REPRESENT THAT THE PURCHASE OF ONE OR MORE
NOTES IS CONSISTENT WITH ITS FIDUCIARY DUTIES UNDER ERISA AND DOES NOT RESULT IN A NONEXEMPT PROHIBITED TRANSACTION AS DEFINED IN SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE. 

ANY TRANSFER, PLEDGE OR OTHER USE OF THIS NOTE FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF,
CEDE & CO., HAS AN INTEREST HEREIN, UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO.). 
 TRANSFERS OF THIS NOTE SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN
THE INDENTURE REFERRED TO HEREIN. 
 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL
AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. ANY PERSON ACQUIRING THIS NOTE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY OF THE INDENTURE TRUSTEE. 

  
 (Exhibit A-4, Page 1)

 THE FAILURE TO PROVIDE THE ISSUING ENTITY AND THE INDENTURE TRUSTEE WITH THE APPLICABLE U.S.
FEDERAL INCOME TAX CERTIFICATIONS (GENERALLY, AN INTERNAL REVENUE SERVICE FORM W-9 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE
CODE, OR AN APPROPRIATE INTERNAL REVENUE SERVICE FORM W-8 (OR SUCCESSOR APPLICABLE FORM) IN THE CASE OF A PERSON THAT IS NOT A “UNITED STATES PERSON” WITHIN THE MEANING OF SECTION 7701(A)(30) OF THE INTERNAL REVENUE CODE) MAY RESULT IN THE
IMPOSITION OF U.S. FEDERAL BACK-UP WITHHOLDING UPON PAYMENTS TO THE HOLDER IN RESPECT OF THIS` NOTE. 

  
 (Exhibit A-4, Page 2)

 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 

[    ]% CLASS C ASSET BACKED NOTE 

$        4 

NOTE No. R-1 
 [CUSIP NO.
[            ]] 
 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2, a Delaware
statutory trust (herein referred to as the “Issuer”), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
             MILLION DOLLARS ($        ), on the earlier of the Payment Date occurring on August 17, 2020 (the “Final Scheduled Payment
Date”) and the Redemption Date, if any, pursuant to Section 10.01 of the Indenture (referred to on the reverse side hereof) except as provided below or in the Indenture (referred to on the reverse side hereof. The Issuer will pay
interest on this Note at the Class C Interest Rate, on each Payment Date until the principal of this Note is paid or made available for payment, on the principal amount of this Note outstanding on the close of business on the preceding Payment Date,
subject to certain limitations contained in Article V of the Sale and Servicing Agreement (referred to on the reverse side hereof). Interest on this Note will accrue for each Payment Date from the and including the 15th day of each calendar month preceding the Payment Date (or from and including the Closing Date in the case of the first Payment Date) to but excluding the 15th day of the following month. Interest will be computed on the basis of a 360-day year consisting of twelve 30-day months. Such principal of and interest on this Note shall be paid in the manner
specified in the Indenture and the Sale and Servicing Agreement. 
 Capitalized terms used but not defined herein are defined in Indenture
or the Sale and Servicing Agreement. 
 The Notes are secured by certain assets of the Issuer consisting primarily of a portfolio of motor
vehicle installment sale contracts and loans. This Note does not represent an interest in, or obligation of, California Republic Funding, LLC (the “Depositor”), California Republic Bank, or any affiliate thereof. This Note and all
other Class C Notes are junior and subordinated to the Class A-1 Notes, the Class A-2 Notes and the Class B Notes as fully described in the Indenture and the Sale and Servicing Agreement. 

Unless the certificate of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this Note
shall not be entitled to any benefit under the Indenture, or the Sale and Servicing Agreement or be valid for any purpose. 
 THIS NOTE
SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE 

 

	4 	 Denominations of $100,000 and integral multiples of $1,000 in excess thereof. 

  
 (Exhibit A-4, Page 3)

 
WITH SUCH LAWS WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 (Exhibit A-4, Page 4)

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually or in facsimile,
by its Authorized Officer. 
  

											
	Date:	 	  
	 		 		 	CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2
					
		 		 		 	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Owner Trustee
						
		 		 		 		 	By:	 	  

		 		 		 		 		 	Authorized Signatory

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes designated above and referred to in the within-mentioned Indenture. 

 

											
	Date:	 	  
	 		 	DEUTSCHE BANK TRUST COMPANY AMERICAS, not in its individual capacity but solely as Indenture Trustee
					
		 		 		 	By:	 	  

		 		 		 		 		 	Authorized Signatory

  
 (Exhibit A-4, Page 5)

 REVERSE OF NOTE 

This certifies that Cede & Co. (the “Noteholder”), is the registered owner of the Note which is secured by certain
assets of the CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 (the “Issuer”) created by the Amended and Restated Trust Agreement, dated as of November 1, 2013, between Depositor and Wilmington Trust, National Association, as
Owner Trustee (the “Owner Trustee”). The Notes are issued pursuant to an Indenture, dated as of November 1, 2013 (as amended, the “Indenture”), between the Issuer and Deutsche Bank Trust Company Americas, as
Indenture Trustee (the “Indenture Trustee”) and are subject to the terms of the Indenture and the Sale and Servicing Agreement, dated as of November 1, 2013 (as amended, the “Sale and Servicing Agreement”),
among California Republic Bank, the Depositor, the Indenture Trustee and the Issuer. 
 The property of the Issuer will include the
Issuer’s right, title and interest in, to and under the Collateral (as defined in the Indenture). 
 This Note is issued under and is
subject to the terms, provisions and conditions of the Sale and Servicing Agreement, and the Indenture, as each may be amended and supplemented from time to time, the Noteholder by virtue of the acceptance hereof assents and is bound. Although a
summary of certain provisions of the Sale and Servicing Agreement and the Indenture are set forth below, this Note does not purport to summarize the Sale and Servicing Agreement or the Indenture and reference is made to the Sale and Servicing
Agreement and the Indenture for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Indenture Trustee. A copy of the Sale and Servicing
Agreement and the Indenture (without schedules and exhibits) may be requested from the Indenture Trustee by writing to the Indenture Trustee at Deutsche Bank Trust Company Americas, C/O DBNTC, 100 Plaza One, 6th Floor, MS JCY03-0699, Jersey City, NJ 07311. In the event of any conflict between this Note, on the one hand, and the Indenture or the Sale and Servicing Agreement on the other hand, the Indenture
or the Sale and Servicing Agreement shall control. 
 The Issuer has entered into the Sale and Servicing Agreement and the Notes have been
(or will be) issued with the intention that the Notes will qualify under Applicable Law as indebtedness of the Issuer secured by the Collateral. The Issuer, each Beneficiary and each Noteholder and Owner by the acceptance of its Note or Book-Entry
Note, as applicable, agrees to treat the Notes as indebtedness secured by the Collateral for federal income, State and local income, and franchise taxes and any other taxes imposed on or measured by income. 

On each Payment Date, the Indenture Trustee shall distribute to each Person who was a Noteholder at the close of business on the last day of
the prior Collection Period (each a “Record Date”) such Noteholder’s share of such amounts on deposit in the Collection Account as are payable in respect of Notes pursuant to the Sale and Servicing Agreement. Distributions with
respect to this Note will be made by the Indenture Trustee by check mailed to the address of the Noteholder of record appearing on the Register without the presentation or surrender of this Note or the making of any notation thereon (except for the
final distribution in respect of this Note) except that with respect to Notes registered in the name of a Depository, including Cede & Co., the nominee for DTC, distributions will be made to the Depository in immediately available

  
 (Exhibit A-4, Page 6)

 
funds. Final payment of this Note will be made only upon presentation and surrender of this Note at the office or agency specified in the notice of final distribution delivered by the Indenture
Trustee to the Noteholder in accordance with the Indenture. 
 On the Payment Date occurring after the last day of a Collection Period on
which the aggregate outstanding principal balance of the Notes is reduced to an amount equal to or less than 10% of the Cutoff Date Pool Balance the Servicer shall have the option to redeem the Notes in whole, but not in part, at a purchase price
equal to the Redemption Price for such Payment Date. Each of the Notes is also subject to redemption in whole, but not in part, on any Payment Date on which the sum of the amounts in the Reserve Account and the remaining Available Funds after the
payments under Sections 5.04(a)(i) through 5.04(a)(vii) and Section 5.04(a)(x) of the Sale and Servicing Agreement would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Notes as determined by the
Servicer. 
 This Note does not represent an obligation of, or an interest in Depositor, California Republic Bank, or any affiliate of any
of them and is not insured or guaranteed by any governmental agency or instrumentality. This Note is limited in right of payment to certain Collections with respect to the Collateral, all as more specifically set forth herein and in the Sale and
Servicing Agreement and the Indenture. 
 Upon the satisfaction of the Rating Agency Condition, the Sale and Servicing Agreement may be
amended from time to time by the Depositor, the Seller, the Servicer, the Indenture Trustee, the Issuer and the Noteholders holding a majority of the Note Balance of the Outstanding Notes of the Controlling Class for the purpose of adding any
provisions to or changing in any manner or eliminating any of the provisions of the Sale and Servicing Agreement or of modifying in any manner the rights of the Noteholders. 

The Indenture may be amended and supplemental indentures may be adopted in accordance with the terms and conditions set forth in the
Indenture. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in
the Register of the Registrar upon surrender of this Note for registration of transfer at the office or agency maintained by the Registrar in Jacksonville, Florida, accompanied by a written instrument of transfer in form satisfactory to the
Registrar duly executed by the Holder hereof or such Holder’s attorney duly authorized, and thereupon one or more new Notes of authorized denominations evidencing the same aggregate fractional undivided interest will be issued to the designated
transferee or transferees. 
 The Notes are issuable only as registered Notes without coupons in denominations specified in the Indenture.

 As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for new Notes of a like Class
and aggregate principal amount as requested by the Noteholder surrendering such Notes. No service charge may be imposed for any such exchange, but the Indenture Trustee may require payment of a sum sufficient to cover any tax or other governmental
charge that may be imposed in connection therewith. 

  
 (Exhibit A-4, Page 7)

 The Servicer, the Indenture Trustee, the Issuer and the Registrar and any agent of any of them,
may treat the person in whose name this Note is registered as the owner hereof for all purposes, and neither the Servicer nor the Indenture Trustee, the Issuer and Registrar, nor any agent any of them, shall be affected by notice to the contrary
except in certain circumstances described in the Indenture. 
 The Indenture Trustee is not responsible for and makes no representation as
to the validity or adequacy of the Indenture or this Note, is not accountable for the Issuer’s use of proceeds of the Notes and is not responsible for any statement in this Note other than the Indenture Trustee’s certificate of
authentication. 

  
 (Exhibit A-4, Page 8)

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee: 
  

			
	  
	  	

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

 
  
  

(name and address of assignee) 
 the within Note
and all rights thereunder, and hereby irrevocably constitutes and appoints
                                        ,
attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 
  

									
	Dated:	 	  
	 		  	  
	  	
		 		 		  	Signature Guaranteed:	  	
					
		 		 		  	  
	  	

  

	*/	NOTICE: The signature to this assignment must correspond with the name of the registered owner as it appears on the reverse of the within Note in every particular, without alteration, enlargement or any change
whatsoever. 

  
 (Exhibit A-4, Page 9)

 EXHIBIT B 

FORM OF NOTE INVESTMENT LETTER 

  
 (Exhibit B, Page 1) 

 EXHIBIT C-1 

FORM OF NON-U.S. BENEFICIAL OWNERSHIP CERTIFICATION BY EUROCLEAR OR CLEARSTREAM BANK, SOCIÉTÉ ANONYME 

  
 (Exhibit C-1, Page 1)

 EXHIBIT C-2 

FORM OF NON-U.S. BENEFICIAL OWNERSHIP CERTIFICATION BY MEMBER ORGANIZATION 

  
 (Exhibit C-2, Page 1)

 EXHIBIT D 

FORM OF REPURCHASE REQUEST NOTICE 

Reporting Period: [calendar month] 
  

	 ̈	Check here if nothing to report. 

  

									
	 Transaction
	  	Loan	  	Activity During Period5
	  	  	Date of Reputed
Demand6	  	Party Making Reputed
Demand	  	Date of Withdrawal of
Reputed Demand
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

	5 	Forward any applicable information or documentation relating to any reputed demands to the Servicer. See Item 11 in the ASF Rule 15Ga-1 Market Implementation Guide for a discussion of what constitutes
activity. 

	6 	See Item 23 in the ASF Rule 15Ga-1 Market Implementation Guide for a discussion of “demands.” 

  
 (Exhibit D)EX-10.1

 Exhibit 10.1 

EXECUTION 
 SALE AND SERVICING
AGREEMENT 
 among 
 CALIFORNIA
REPUBLIC AUTO RECEIVABLES TRUST 2013-2, 
 Issuer, 

CALIFORNIA REPUBLIC FUNDING, LLC, 

Depositor, 
 CALIFORNIA REPUBLIC
BANK, 
 Seller, Servicer, Administrator and Custodian, 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

Indenture Trustee 
 and 

CSC LOGIC, INC., 
 Backup Servicer

 Dated as of November 1, 2013 

 Table of Contents 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	 	 Definitions
	  	 	1	  
	 Section 1.02
	 	 Calculations of Interest
	  	 	1	  
		
	 ARTICLE II CONVEYANCE OF RECEIVABLES; BOOKS AND RECORDS; PROVISIONS FOR CLOSING
	  	 	1	  
			
	 Section 2.01
	 	 Conveyance of the Receivables
	  	 	1	  
	 Section 2.02
	 	 Ownership and Possession of Receivable Files
	  	 	2	  
	 Section 2.03
	 	 Books and Records; Intention of the Parties
	  	 	2	  
		
	 ARTICLE III THE CONVEYED ASSETS
	  	 	3	  
			
	 Section 3.01
	 	 Representations and Warranties of the Seller; Assignment of Representations and Warranties by the Depositor
	  	 	3	  
	 Section 3.02
	 	 Representations and Warranties of the Depositor
	  	 	4	  
	 Section 3.03
	 	 Repurchase upon Breach of Representation: Treatment of Repurchase Price
	  	 	4	  
	 Section 3.04
	 	 Appointment of Custodian; Custody and Delivery of Receivable Files
	  	 	5	  
	 Section 3.05
	 	 Duties of Servicer as Custodian
	  	 	5	  
	 Section 3.06
	 	 Instructions; Authority to Act
	  	 	6	  
	 Section 3.07
	 	 Custodian’s Indemnification
	  	 	7	  
	 Section 3.08
	 	 Effective Period and Termination
	  	 	7	  
	 Section 3.09
	 	 Risk Retention
	  	 	7	  
		
	 ARTICLE IV ADMINISTRATION AND SERVICING OF RECEIVABLES
	  	 	8	  
			
	 Section 4.01
	 	 Duties of Servicer
	  	 	8	  
	 Section 4.02
	 	 Collection of Payments on Receivables; Extensions
	  	 	9	  
	 Section 4.03
	 	 Realization upon Receivables
	  	 	10	  
	 Section 4.04
	 	 Physical Damage Insurance
	  	 	10	  
	 Section 4.05
	 	 Maintenance of Security Interests in Financed Vehicles; Other Amounts
	  	 	11	  
	 Section 4.06
	 	 Covenants of Servicer
	  	 	11	  
	 Section 4.07
	 	 Purchase of Receivables by Servicer upon Breach of Covenant
	  	 	12	  
	 Section 4.08
	 	 Servicing Fee
	  	 	13	  
	 Section 4.09
	 	 Servicer’s Monthly Certificate
	  	 	13	  
	 Section 4.10
	 	 Annual Statement as to Compliance; Notice of Servicer Termination Event
	  	 	13	  
	 Section 4.11
	 	 Annual Independent Accountants’ Report; Attestation and Assessment of Compliance
	  	 	14	  

  
 i 

							
	 Section 4.12
	 	 Access to Certain Documentation and Information Regarding Receivables
	  	 	15	  
	 Section 4.13
	 	 Term of Servicer
	  	 	15	  
	 Section 4.14
	 	 Access to Information Regarding Trust and Basic Documents
	  	 	15	  
	 Section 4.15
	 	 Agreement on Compliance
	  	 	15	  
	 Section 4.16
	 	 Compliance with the FDIC Rule
	  	 	15	  
	 Section 4.17
	 	 Duties of the Backup Servicer
	  	 	15	  
	 Section 4.18
	 	 Exchange Act Reporting
	  	 	16	  
		
	 ARTICLE V DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS
	  	 	18	  
			
	 Section 5.01
	 	 Establishment of Accounts
	  	 	18	  
	 Section 5.02
	 	 Collections
	  	 	20	  
	 Section 5.03
	 	 Application of Collections
	  	 	20	  
	 Section 5.04
	 	 Distributions; Payment Notification
	  	 	21	  
	 Section 5.05
	 	 Additional Deposits and Payments
	  	 	22	  
	 Section 5.06
	 	 Statements to Noteholders and the Indenture Trustee
	  	 	23	  
	 Section 5.07
	 	 Advances by the Servicer
	  	 	24	  
		
	 ARTICLE VI THE DEPOSITOR
	  	 	25	  
			
	 Section 6.01
	 	 Representations of the Depositor
	  	 	25	  
	 Section 6.02
	 	 Entities’ Existence
	  	 	26	  
	 Section 6.03
	 	 Limitation on Liability of Depositor and Others
	  	 	27	  
	 Section 6.04
	 	 Depositor May Own Notes
	  	 	27	  
		
	 ARTICLE VII THE SERVICER AND BACKUP SERVICER
	  	 	27	  
			
	 Section 7.01
	 	 Representations of Servicer
	  	 	27	  
	 Section 7.02
	 	 Representations of the Backup Servicer
	  	 	28	  
	 Section 7.03
	 	 Indemnities of Servicer
	  	 	29	  
	 Section 7.04
	 	 Merger or Consolidation of, or Assumption of the Obligations of, Servicer or Backup Servicer
	  	 	31	  
	 Section 7.05
	 	 Limitation on Liability of Servicer, Backup Servicer and Others
	  	 	32	  
	 Section 7.06
	 	 Appointment of Subservicer
	  	 	33	  
	 Section 7.07
	 	 Servicer and Backup Servicer Not to Resign
	  	 	33	  
	 Section 7.08
	 	 CRB May Own Notes
	  	 	34	  
		
	 ARTICLE VIII DEFAULT
	  	 	34	  
			
	 Section 8.01
	 	 Servicer Termination Events
	  	 	34	  
	 Section 8.02
	 	 Consequences of a Servicer Termination Event
	  	 	35	  
	 Section 8.03
	 	 Appointment of Successor Servicer
	  	 	36	  
	 Section 8.04
	 	 Notification to Noteholders
	  	 	37	  
	 Section 8.05
	 	 Waiver of Past Defaults
	  	 	37	  

  
 ii 

							
		
	 ARTICLE IX TERMINATION
	  	 	37	  
			
	 Section 9.01
	 	 Optional Purchase of All Conveyed Assets
	  	 	37	  
		
	 ARTICLE X MISCELLANEOUS
	  	 	38	  
			
	 Section 10.01
	 	 Amendment
	  	 	38	  
	 Section 10.02
	 	 Protection of Title to Trust
	  	 	39	  
	 Section 10.03
	 	 Notices
	  	 	40	  
	 Section 10.04
	 	 Assignment by the Depositor or the Servicer
	  	 	42	  
	 Section 10.05
	 	 Limitations on Rights of Others
	  	 	42	  
	 Section 10.06
	 	 Severability
	  	 	42	  
	 Section 10.07
	 	 Counterparts
	  	 	42	  
	 Section 10.08
	 	 Headings and Cross-References
	  	 	42	  
	 Section 10.09
	 	 Governing Law
	  	 	42	  
	 Section 10.10
	 	 Submission to Jurisdiction
	  	 	43	  
	 Section 10.11
	 	 No Partnership or Joint Venture
	  	 	43	  
	 Section 10.12
	 	 Confidential Information
	  	 	43	  
	 Section 10.13
	 	 Assignment by the Issuer
	  	 	43	  
	 Section 10.14
	 	 Nonpetition Covenants
	  	 	43	  
	 Section 10.15
	 	 Limitation of Liability of Owner Trustee and Indenture Trustee
	  	 	44	  

  

			
	Exhibit A	  	Location of Receivable Files
	Exhibit B-1	  	Form of Servicer’s Monthly Certificate
	Exhibit B-2	  	Form of Servicer’s Annual Certificate
	Exhibit B-3	  	Form of Servicer’s Sarbanes-Oxley Act Certification
		
	Schedule A	  	Receivables Conveyed on the Closing Date
	Schedule B	  	Exchange Act Disclosure Items
		
	Annex A	  	Backup Servicer Duties
		
	Appendix A	  	Usage and Definitions

  
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 This SALE AND SERVICING AGREEMENT, dated as of November 1, 2013 (as amended, restated or
otherwise modified from time to time, this “Agreement”), is among CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2, a Delaware statutory trust (the “Issuer”), CALIFORNIA REPUBLIC FUNDING, LLC, a Delaware limited
liability company (the “Depositor”), CALIFORNIA REPUBLIC BANK, a California corporation authorized to transact a banking business (“CRB”), as servicer (in such capacity, the “Servicer”), as seller
of Receivables to the Depositor (in such capacity, the “Seller”), as administrator (in such capacity, the “Administrator”) and as custodian (in such capacity, the “Custodian”), CSC LOGIC, INC., a
Texas corporation, as backup servicer (the “Backup Servicer”) and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as indenture trustee (the “Indenture Trustee”). 

WHEREAS, the Issuer desires to purchase from the Depositor a portfolio of motor vehicle retail installment sale contracts and installment
loans and related rights; 
 WHEREAS, the Depositor is willing to sell and assign to the Issuer the assets described in the preceding
paragraph; 
 WHEREAS, CRB, as Servicer, is willing on behalf of the Issuer to service such motor vehicle retail installment sale contracts
and installment loans and related rights; and 
 WHEREAS, the Backup Servicer is willing to provide backup servicing of such motor vehicle
retail installment sale contracts and installment loans and related rights on behalf of the Issuer. 
 NOW, THEREFORE, in consideration of
the premises and the mutual covenants herein contained, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 Section 1.01
Definitions. Capitalized terms used herein that are not otherwise defined shall have the meanings ascribed thereto in Appendix A. Appendix A also contains rules as to usage applicable to this Agreement. 

Section 1.02 Calculations of Interest. Collections of interest on the Receivables will be calculated in accordance with the Simple
Interest Method. 
 ARTICLE II 

CONVEYANCE OF RECEIVABLES; BOOKS AND RECORDS; 

PROVISIONS FOR CLOSING 

Section 2.01 Conveyance of the Receivables. (a) In consideration for (i) the Issuer’s delivery to or upon the order
of the Depositor of the Notes, and (ii) the Issuer’s delivery to or upon the order of the Depositor of the Certificates resulting in an increase in the residual value of 

 
the equity interest in the Issuer owned by the Depositor, the Depositor does hereby sell, transfer, assign, set over and otherwise convey to the Issuer, without recourse, but subject to the other
terms and conditions of this Agreement, each and all of the following (collectively, the “Depositor Conveyed Assets”): (x) all right, title and interest of the Depositor in and to the Conveyed Assets, (y) all of the
Depositor’s rights under the Receivables Purchase Agreement, including the representations of the Seller made therein and the Depositor’s right to enforce a breach of any such representation made with respect to any Conveyed Assets, and
(z) all proceeds of each of the foregoing. 
 (b) As of the Closing Date, the Issuer acknowledges the conveyance to it of the Depositor
Conveyed Assets transferred on such date, including all right, title and interest of the Depositor in and to the Depositor Conveyed Assets, receipt of which is hereby acknowledged by the Issuer. Concurrent with such delivery, as of the Closing Date
and pursuant to the Indenture the Issuer pledges and/or assigns the Depositor Conveyed Assets and the other Collateral to the Indenture Trustee as security for the Notes. 

Section 2.02 Ownership and Possession of Receivable Files. The ownership of the contents of the Receivable Files with respect to
each Receivable shall be vested in the Issuer and pledged to the Indenture Trustee for the benefit of the Noteholders pursuant to the Indenture, as of the Closing Date, although possession of the Receivable Files on behalf of and for the benefit of
the Noteholders shall remain with the Custodian. 
 Section 2.03 Books and Records; Intention of the Parties. 

(a) Books and records for each Receivable have been clearly marked to reflect the ownership of each Receivable, as of the Closing Date, by the
Issuer, pledged, as of the Closing Date, to the Indenture Trustee for the benefit of the Noteholders pursuant to the Indenture. 
 (b) It is
the intention of the parties hereto that, other than for federal, State and local income, single business or franchise tax purposes, the transfer and assignment of the Depositor Conveyed Assets and the other Collateral on the Closing Date
constitutes an absolute sale (and not a pledge to secure debt or other obligations of the Depositor) of the Depositor Conveyed Assets and the other Collateral such that (i) the Depositor Conveyed Assets and the other Collateral shall not be
included in the bankruptcy estate of the Depositor pursuant to 11 U.S.C. § 541, (ii) the FDIC shall not, by exercise of its authority to disaffirm or repudiate contracts under Section 13(e) of the Federal Deposit Insurance
Act, reclaim, recover or recharacterize as property of the Seller any Depositor Conveyed Assets or any other Collateral transferred by the Seller to the Depositor or disregard the separateness of the Depositor or the Issuer from the Seller, and
(iii) the transfer of Depositor Conveyed Assets and the other Collateral pursuant to this Agreement shall comply with the requirements of 12 C.F.R. Section 360.6. 

(c) If any of the assignments and transfers of the Conveyed Assets to the Depositor pursuant to the Receivables Purchase Agreement and of the
Depositor Conveyed Assets to the Issuer pursuant to this Agreement, other than for federal, State and local income, single business or franchise tax purposes, is held or deemed not to be a sale or is held or deemed

  
 2 

 
to be a pledge of security for a loan, the parties hereto intend that the rights and obligations of the parties shall be established pursuant to the terms of the Receivables Purchase Agreement
and this Agreement, and that, in such event, with respect to such property and proceeds thereof (including all Receivables and related property), the Seller and the Depositor shall be deemed to have granted and do hereby grant to the Issuer as of
the Closing Date, a first priority security interest in the entire right, title and interest of such Person in and to such property and the proceeds thereof. In such event, with respect to the Conveyed Assets and the Depositor Conveyed Assets,
respectively, the Receivables Purchase Agreement and this Agreement, shall each constitute, and each hereby is deemed by the parties to be, a security agreement under the New York UCC. 

(d) The parties hereto intend to treat the Notes as indebtedness secured by the Collateral for federal, State and local income, single
business and franchise tax purposes as provided for in Section 2.09(a) of the Indenture. 
 ARTICLE III 

THE CONVEYED ASSETS 

Section 3.01 Representations and Warranties of the Seller; Assignment of Representations and Warranties by the Depositor. 

(a) The Seller hereby makes to the Issuer each of the representations and warranties set forth in Section 3.2 and 3.3 of the Receivables
Purchase Agreement as of the date specified therein and consents to the assignment by the Depositor to the Issuer of such representations and warranties and of the Depositor’s rights with respect to any breach thereof, including the right to
require the Seller to repurchase Receivables in accordance with the Receivables Purchase Agreement. Such representations and warranties speak as of the execution and delivery of this Agreement or as of such other date specified therein and shall
survive the sale, transfer and assignment of the Receivables to the Issuer and the pledge and/or assignment, as the case may be, of the Receivables to the Indenture Trustee. 

(b) Pursuant to Section 2.01, the Depositor has sold, assigned, transferred and conveyed to the Issuer all of its rights under the
Receivables Purchase Agreement, including the representations, warranties and covenants of the Seller. Each of the Depositor and the Seller acknowledges that the Issuer is relying on such representations and warranties in accepting the Depositor
Conveyed Assets, together with all rights of the Depositor with respect to any breach thereof, including the right to require the Seller to repurchase or reallocate, as the case may be, the Receivables in accordance with the Receivables Purchase
Agreement. It is understood and agreed that the representations and warranties referred to in this Section 3.01 shall survive the sale of the Conveyed Assets to the Issuer and the delivery thereof to the Custodian. 

(c) The Seller acknowledges the assignment of the Conveyed Assets from the Depositor to the Issuer and Indenture Trustee and hereby agrees
that the Issuer and Indenture Trustee shall have the right to enforce any and all rights under the Receivables Purchase Agreement assigned to the Issuer herein, including (i) the right to cause the Seller to repurchase any Receivable with
respect to which it is in breach of any of its representations and warranties set forth in Section 3.3 of the Receivables Purchase Agreement and Section 3.01(a). Such right 

  
 3 

 
may be enforced by the Issuer and the Indenture Trustee directly against the Seller as though the Issuer and the Indenture Trustee were each a party to the Receivables Purchase Agreement, and the
Issuer and the Indenture Trustee shall not be obligated to exercise any such rights, and shall have no liability for failing to exercise any such rights, indirectly through the Depositor. 

Section 3.02 Representations and Warranties of the Depositor. The Depositor makes the following representations and warranties
with respect to the Receivables being conveyed by it to the Issuer, on which the Issuer relies in accepting such Receivables. Such representations and warranties speak as of the execution and delivery of this Agreement and as of the Closing Date and
shall survive the sale, transfer and assignment of the Depositor Conveyed Assets by the Depositor to the Issuer and the pledge and/or assignment, as the case may be, thereof to the Indenture Trustee in accordance with the terms of the Indenture:

 (i) Title. The Depositor is conveying all of its right, title and interest in the Receivables and the other
Depositor Conveyed Assets to the Issuer. The Depositor intends that the transfer of the Receivables contemplated by Section 2.01 constitute a sale of the Receivables from the Depositor to the Issuer and that the beneficial interest in, and
title to, the Receivables not be part of the Depositor’s estate in the event of the filing of a bankruptcy petition by or against the Depositor under any bankruptcy law. 

(ii) All Filings Made. The Depositor has caused all required filings prior to the Closing Date (including UCC filings)
to be made with respect to the transfer to the Issuer of the Receivables and the other Depositor Conveyed Assets being transferred by it and the pledge and/or assignment, as the case may be, thereof to the Indenture Trustee pursuant to the
Indenture, to perfect the Issuer’s and the Indenture Trustee’s interest in the Receivables and the other Depositor Conveyed Assets or Collateral, as the case may be. 

(iii) Liens. The Depositor has not taken any actions to create, incur or suffer to exist any Lien on or restriction on
transferability of any Receivables and the other Depositor Conveyed Asset except for the Lien of the Indenture and the restrictions on transferability imposed by this Agreement. 

(iv) No Transfer Restrictions. The Depositor has not created, incurred or suffered to exist any restriction on
transferability of the Receivables except for the restrictions on transferability imposed by this Agreement. The transfer of the Receivables and the Receivable Files by the Depositor to the Issuer pursuant to this Agreement is not subject to the
bulk transfer laws or any similar statutory provisions in effect in any applicable jurisdiction. 
 Section 3.03 Repurchase upon
Breach of Representation: Treatment of Repurchase Price. 
 (a) Each of the Depositor, the Issuer, the Seller, and the Servicer shall
inform the other parties to this Agreement promptly and in writing upon the discovery by it of (i) any breach of the Seller’s representations and warranties deemed to be made pursuant to Section 3.01(a), in each case without regard to
any limitation set forth in such representation or warranty concerning the knowledge of any Person as to the facts stated therein or (ii) any breach of the Depositor’s representations and warranties under Section 3.02. 

  
 4 

 (b) Within thirty (30) days of the earlier of either discovery by, or notice to, the Seller
of any breach referred to in Section 3.03(a)(i) above, (i) the Seller shall use its best efforts to promptly cure such breach and (ii) if such breach is not cured, the Seller shall repurchase such Receivable which is the subject of
such breach. Within thirty (30) days of the earlier of either discovery by, or notice to, the Depositor of any breach referred to in Section 3.03(a)(ii) above, (i) the Depositor shall use its best efforts to promptly cure such breach
and (ii) if such breach is not cured, the Depositor shall repurchase such Receivable which is the subject of such breach. Any repurchase of a Receivable pursuant to the foregoing provisions of this Section 3.03, shall be accomplished by
payment to the Issuer or its successors and assigns of the Repurchase Price on or before the Payment Date of the month immediately following the end of the Collection Period in which the thirty (30) day cure period referred to above has ended.

 (c) The sole remedy of the Issuer, the Indenture Trustee or the Noteholders with respect to a breach of a representation or warranty
referred to in Section 3.01(a) or with respect to a breach of a representation or warranty contained in Section 3.2 of the Receivables Purchase Agreement, provided neither such breach has been cured pursuant to Section 3.03(b),
shall be to require the Seller to purchase such Receivable pursuant to this Section 3.03 (it being understood that the indemnification covenants of the Seller hereunder and under the other Basic Documents shall still apply notwithstanding this
clause (c)). 
 Section 3.04 Appointment of Custodian; Custody and Delivery of Receivable Files. To assure uniform quality
in servicing the Receivables and to reduce administrative costs, the Issuer hereby appoints the Servicer, and the Servicer hereby accepts such appointment, to act for the benefit of the Issuer and the Indenture Trustee as Custodian of the Receivable
Files which are constructively delivered by the Issuer to the Indenture Trustee on the Closing Date. 
 Section 3.05 Duties of
Servicer as Custodian. 
 (a) The Servicer shall hold each Receivable File as Custodian for the benefit of and as bailee of the Issuer
and the Indenture Trustee, and shall maintain such accurate and complete accounts, records and computer systems pertaining to each Receivable File as shall enable the Issuer to comply with this Agreement and the Indenture Trustee to comply with the
Indenture. In performing its duties as Custodian, the Servicer shall act with reasonable care, and in accordance with the Servicing Standard. The Servicer shall conduct, or cause to be conducted, periodic audits of the Receivable Files held by it as
Custodian under this Agreement and of the related accounts, records and computer systems, in such a manner as shall enable the Issuer or the Indenture Trustee to verify the accuracy of the Servicer’s record keeping, and the Issuer and the
Indenture Trustee shall not be obligated to exercise any such rights, and shall have no liability for failing to exercise any such rights, to so verify the accuracy of the Servicer’s record keeping. The Servicer shall promptly report to the
Issuer and the Indenture Trustee any failure on its part to hold the Receivable Files and maintain its accounts, records and computer systems as herein provided and shall promptly take appropriate action to remedy any such failure. Nothing herein
shall be deemed to require an initial review or any periodic review by the Issuer, the Backup Servicer or the Indenture Trustee of the Receivable Files. 

  
 5 

 (b) The Servicer shall maintain each Receivable File at one of its offices specified in
Exhibit A to this Agreement or at such other office as shall be specified to the Issuer, the Backup Servicer and the Indenture Trustee by written notice not later than thirty (30) days after any change in location. Upon not less than
thirty (30) days prior written notice to the Issuer, the Backup Servicer, the Indenture Trustee and each Rating Agency, the Servicer may appoint an Affiliate to act as a sub-custodian to maintain up to all Receivable Files at such office of the
Affiliate as is identified in such notice, provided, however, if either Rating Agency shall object in writing to such appointment it shall not be made and no Receivable File shall be maintained by such Affiliate. Any such Affiliate so appointed
shall execute an agreement with the Servicer obligating the Affiliate to perform all functions otherwise required of the Servicer herein when acting as Custodian. The Servicer shall remain liable as Custodian notwithstanding the appointment of an
Affiliate as sub-custodian and the maintenance by such Affiliate of Receivable Files. Upon reasonable notice by the Issuer or the Indenture Trustee, the Servicer shall make available to the Issuer and the Indenture Trustee or their duly authorized
representatives, attorneys or auditors a list of locations of the Receivable Files and the related accounts, records and computer systems maintained by the Servicer during normal business hours and such review shall be conducted in a reasonable
manner. 
 (c) Upon reasonable request from the Indenture Trustee or, if the Notes have been Paid In Full, from the Owner Trustee, the
Custodian shall release any Receivable File to the Indenture Trustee or the Owner Trustee, as the case may be, or to the agent or designee of the Indenture Trustee or the Owner Trustee, as the case may be, at such place or places as the Indenture
Trustee or the Owner Trustee, as the case may be, may reasonably designate as soon as practicable. Upon the release and delivery of any such document in accordance with the instructions of the Indenture Trustee or the Owner Trustee, as the case may
be, the Custodian shall be released from any further liability and responsibility under this Section 3.05 with respect to such documents and any other provision of this Agreement or any of the other Basic Documents if the fulfillment of the
Custodian’s responsibilities is dependent upon possession of such documents, unless and until such time as such documents shall be returned to the Custodian. In no event shall the Custodian be responsible for any loss occasioned by the
Indenture Trustee’s or the Owner Trustee’s failure to return any Receivable File or any portion thereof in a timely manner. 
 (d)
The Servicer shall not at any time have, or in any way attempt to assert, any interest in any Receivable held by it as Custodian hereunder or in the related Receivable File, other than for collecting or enforcing such Receivable for the benefit of
the Issuer. The entire equitable interest in such Receivable and the related Receivable File shall at all times be vested in the Issuer. 

Section 3.06 Instructions; Authority to Act. The Servicer shall be deemed to have received proper instructions with respect to the
Receivable Files upon its receipt of written instructions signed by a Trust Officer of the Indenture Trustee, or, if the Notes have been Paid In Full, by a Trust Officer of the Owner Trustee. A certified copy of excerpts of authorizing resolutions
of the board of directors of the Indenture Trustee shall constitute conclusive evidence of the authority of any such Responsible Officer to act and shall be considered in full force and effect until receipt by the Servicer of written notice to the
contrary given by the Indenture Trustee. 

  
 6 

 Section 3.07 Custodian’s Indemnification. 

(a) The Custodian shall indemnify the Issuer, the Owner Trustee, the Backup Servicer and the Indenture Trustee and each of their officers,
directors, employees and agents for any and all liabilities, obligations, losses, compensatory damages, payments, costs or expenses of any kind whatsoever that may be imposed on, incurred by or asserted against the Issuer, the Owner Trustee, the
Backup Servicer or the Indenture Trustee or any of their officers, directors, employees or agents as the result of any improper act or omission in any way relating to the maintenance and custody by the Custodian of the Receivable Files;
provided, however, that the Custodian shall not be liable to the Issuer, the Owner Trustee, the Backup Servicer the Indenture Trustee or any such officer, director, employee or agent of the Issuer, the Owner Trustee, the Backup
Servicer or the Indenture Trustee for any portion of any such amount resulting from (i) actions taken by the Custodian pursuant to instructions as provided in Section 3.06, or (ii) release and delivery of documents by the Custodian as
provided in Section 3.05(c) or (iii) the willful misfeasance, bad faith or gross negligence of such Person listed above, or any such officer, director, employee or agent of such Person. 

(b) Indemnification under this Section 3.07 shall survive the resignation or removal of the Custodian or the termination of this
Agreement with respect to acts or omissions of the Custodian preceding such resignation or removal or termination and shall include reasonable fees and expenses of counsel and expenses of litigation. If the Custodian shall have made any indemnity
payments pursuant to this Section 3.07 and the Person to or on behalf of whom such payments are made thereafter collects any of such amounts from others, such Person shall promptly repay such amounts to the Custodian. 

Section 3.08 Effective Period and Termination. The Servicer’s appointment as Custodian shall become effective as of the
Closing Date and shall continue in full force and effect unless and until terminated pursuant to this Section 3.08 or Section 8.02(a). If the Servicer or any successor Servicer shall resign as Servicer in accordance with the provisions of
this Agreement or if all of the rights and obligations of the Servicer or any successor Servicer are terminated under Section 8.02(a), the appointment of the Servicer as Custodian shall be terminated. The Indenture Trustee or, with the consent
of the Indenture Trustee, the Owner Trustee may terminate the Servicer’s appointment as Custodian, with cause, at any time upon written notification to the Servicer. As soon as practicable after any termination of such appointment (but in no
event more than five (5) Business Days after any such termination of appointment), the Custodian shall deliver the Receivable Files to the Indenture Trustee or the Indenture Trustee’s agent at such place or places as the Indenture Trustee
may reasonably designate. Notwithstanding the termination of the Servicer as Custodian, the Indenture Trustee and the Issuer agree that, upon any such termination and for so long as the Servicer may not be acting as Custodian hereunder, the
Indenture Trustee or the Issuer, as the case may be, shall provide, or cause its agent to provide, access to the Receivable Files to the Servicer for the purpose of enabling the Servicer to perform its obligations under this Agreement with respect
to the servicing of the Receivables. 
 Section 3.09 Risk Retention. The Seller, as sponsor, shall retain an economic interest
in a material portion of the credit risk of the Receivables, which interest retention obligation may be satisfied by retaining a representative sample of the Receivables equal to not less than 5% of the

  
 7 

 
initial aggregate Principal Balance of the Receivables. This retained interest may not be sold, pledged or hedged, except for the hedging of interest rate or currency risk, during the term of the
transactions contemplated hereby. 
 ARTICLE IV 

ADMINISTRATION AND SERVICING OF RECEIVABLES 

Section 4.01 Duties of Servicer. 

(a) The Servicer, for the benefit of the Noteholders, shall manage, service, administer and make collections on the Receivables and perform
the other actions required by the Servicer under this Agreement. The Servicer shall be required to service the Receivables in accordance with reasonable care but in no event less than the care that the Servicer exercises with respect to all
comparable motor vehicle retail installment sale contracts and installment loans that it services for itself or others or the procedures employed by banking institutions that service motor vehicle retail installment sale contracts or installment
loans for their own account or for the account of third parties (the “Servicing Standard”). CRB agrees that for so long as CRB is the Servicer, the Servicing Standard shall be consistent in all material respects with the servicing
standards with respect to motor vehicle retail installment sale contracts and installment loans, for which CRB or any of its Affiliates is the owner or the appointed servicer from time to time. 

(b) The Servicer’s duties shall include the collection and posting of all payments on the Receivables, responding to inquiries of
Obligors, investigating delinquencies, sending payment coupons to Obligors, reporting any required tax information to Obligors, accounting for collections, furnishing monthly and annual statements to the Owner Trustee and the Indenture Trustee with
respect to distributions and performing the other duties specified herein. The Servicer also shall administer and enforce all rights of the Issuer as holder of the Receivables and the Indenture Trustee as pledgee of the Receivables and shall enforce
the provisions of the applicable Dealer Agreements and assignment forms. To the extent consistent with the Servicing Standard, the Servicer shall follow its customary standards, policies and procedures and shall have full power and authority, acting
alone, to do any and all things in connection with the managing, servicing, administration and collection of the Receivables that it may reasonably in good faith in accordance with the Servicing Standard deem necessary or desirable. 

(c) Without limiting the generality of the foregoing, the Servicer is hereby authorized and empowered to execute and deliver, on behalf of
itself and any one or more of the Issuer, the Owner Trustee or the Indenture Trustee any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments with respect to the
Receivables and with respect to the Financed Vehicles; provided, however, that, notwithstanding the foregoing, the Servicer shall not, except (i) pursuant to an order from a court of competent jurisdiction or a directive from an
arbitrator in an arbitration proceeding or (ii) in settlement of a legal proceeding in court or in arbitration in a manner consistent with the applicable Servicing Standard or (iii) otherwise in accordance with the Servicing Standard, and
except as provided in Section 4.02(c), execute documents that would release an Obligor from 

  
 8 

 
payment of any unpaid amount due under any Receivable, reduce the related APR on a Receivable, waive the right to collect the unpaid balance of any Receivable from the related Obligor, release
any Obligor from its obligations with respect to a Receivable, extend the final payment date under any Receivable beyond the Class C Final Scheduled Payment Date. 

(d) The Servicer is hereby authorized to commence, in its own name or in the name of the Issuer, the Indenture Trustee or the Owner Trustee, a
legal proceeding to enforce the rights of the Issuer under any Contract pursuant to Section 4.03 or to commence or participate in any other legal proceeding (including a bankruptcy proceeding) relating to or involving a Receivable, an Obligor
or a Financed Vehicle. If the Servicer commences or participates in any such legal proceeding in its own name, the Indenture Trustee or the Issuer shall thereupon be deemed to have automatically assigned the applicable Receivable to the Servicer,
solely for purposes of commencing or participating in such proceeding as a party or claimant, and the Servicer is authorized and empowered by the Indenture Trustee or the Issuer to execute and deliver in the Indenture Trustee’s or the
Issuer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in connection with any such proceeding. If in any enforcement suit or legal proceeding it shall be held that the Servicer may not
enforce the rights of the Issuer under the Contract on the ground that it shall not be a real party in interest or a holder entitled to enforce such rights, the Owner Trustee shall, subject to the terms of the Trust Agreement, at the Servicer’s
expense and direction, take steps to enforce such rights, including bringing suit in its name or the name of the Issuer, the Indenture Trustee or the Noteholders. The Owner Trustee and the Indenture Trustee shall upon the written request of the
Servicer furnish the Servicer as soon as practicable with any powers of attorney and other documents reasonably necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder. 

(e) For all purposes of this Agreement, the Servicer shall be an independent contractor and shall not be subject to the supervision of the
Issuer, the Owner Trustee or the Indenture Trustee with respect to the manner in which it accomplishes the performance of its obligations hereunder. Unless expressly set forth herein or otherwise authorized by the Issuer, the Servicer shall have no
authority to act for or represent the Issuer, the Owner Trustee, the Indenture Trustee or any Noteholder in any way and shall not otherwise be deemed an agent of the Issuer, the Owner Trustee, the Indenture Trustee or any Noteholder. 

Section 4.02 Collection of Payments on Receivables; Extensions. 

(a) The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Contracts as and when
the same shall become due, in accordance with the Servicing Standard. 
 (b) (i) The Servicer may grant payment extensions and holidays on
the Receivables in accordance with the Servicing Standard and as required by law; provided, however, that no such extension shall extend the final payment date on any Receivable beyond the last day of the Collection Period immediately
preceding the Class C Final Scheduled Payment Date, and (ii) upon any extension of a Receivable not in accordance with Section 4.02(b)(i) or upon the reduction of the contract rate or Outstanding principal balance of any Receivable other
than as required by applicable law (including by the Servicemembers Civil Relief Act, the California Military Families Financial Relief Act or similar State law), the Servicer shall be required to purchase the related Receivable in accordance with
Section 4.07. 

  
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 (c) Notwithstanding the foregoing, the Servicer is authorized in its discretion to grant a Small
Balance Waiver with respect to any Receivable, and to waive any prepayment charge, late payment charge or any other similar fees that may be collected in the ordinary course of servicing any Receivable. 

Section 4.03 Realization upon Receivables. 

(a) Consistent with the Servicing Standard, the Servicer shall use commercially reasonable efforts to repossess or otherwise convert the
ownership of and liquidate any Financed Vehicle securing a Receivable with respect to which the Servicer shall have determined that eventual payment in full is unlikely. The Servicer shall begin such repossession and conversion procedures as soon as
practicable after default on such Receivable in accordance with the Servicing Standard; provided, however, that the Servicer will not repossess or otherwise convert the ownership of a Financed Vehicle within such time period if it
calculates that the proceeds ultimately recoverable with respect to such Receivable would be increased by forbearance. In repossessing or otherwise converting the ownership of a Financed Vehicle and liquidating a Receivable, the Servicer is
authorized to follow such customary practices and procedures as it shall reasonably deem necessary or advisable, consistent with the Servicing Standard, which practices and procedures may include the sale of the related Financed Vehicle at public or
private sale, the submission of claims under an insurance policy and other actions by the Servicer in order to realize upon a Receivable; provided, however, that in any case in which the Financed Vehicle shall have suffered damage, the
Servicer shall not expend funds in connection with any repair or towards the repossession of such Financed Vehicle unless it shall determine in its reasonable judgment that such repair or repossession shall increase the related Liquidation Proceeds
by an amount materially greater than the expense for such repair or repossession. The Servicer shall be entitled to recover all expenses incurred by it that are reasonably allocated to repossessing and liquidating a Financed Vehicle into cash
proceeds (other than overhead), but only out of the cash proceeds of the sale of such Financed Vehicle or any deficiency obtained from the related Obligor. 

(b) If the Servicer elects to commence a Proceeding to enforce a Dealer Agreement, the act of commencement shall be deemed to be an automatic
assignment from the Issuer to the Servicer of the rights of recourse under such Dealer Agreement. If, however, in any Proceeding, it is held that the Servicer may not enforce a Dealer Agreement on the grounds that it is not a real party in interest
or a Person entitled to enforce the Dealer Agreement, the Issuer, at the Servicer’s expense and direction, shall take such steps as the Servicer deems necessary to enforce the Dealer Agreement, including bringing suit in its name or the names
of the Indenture Trustee, not in its individual capacity, but solely as Indenture Trustee on behalf of the Issuer, or the Holders of the Notes. 

Section 4.04 Physical Damage Insurance. The Servicer shall, in accordance with the Servicing Standard, require that each Obligor
shall have obtained physical loss damage insurance covering the related Financed Vehicle as of the execution of the related Contract. 

  
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 Section 4.05 Maintenance of Security Interests in Financed Vehicles; Other Amounts.

 (a) The Servicer shall, in accordance with the Servicing Standard, take such steps as are necessary to maintain the perfection of the
security interest created by each Receivable in the related Financed Vehicle. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuer and the Indenture Trustee in the event
of the relocation of a Financed Vehicle or for any other reason. In the event that the assignment of a Receivable to the Issuer is insufficient, without a notation on the related Financed Vehicle’s certificate of title or without fulfilling any
additional administrative requirements under the laws of the State in which such Financed Vehicle is located, to perfect a security interest in the related Financed Vehicle in favor of the Issuer and the Indenture Trustee, each of the Servicer and
CRB hereby agree that the designation of CRB as the secured party on such certificate of title shall only be in its capacity as agent of the Issuer and the Indenture Trustee. The Servicer shall not release, in whole or in part, any security interest
in a Financed Vehicle created by the related Receivable except as permitted herein or in accordance with its customary standards, policies, practices and procedures, including the payment in full by the Obligor of all amounts payable pursuant to
that Receivable. 
 (b) The Seller, the Depositor, the Issuer, the Indenture Trustee and the Servicer hereby agree that, upon the occurrence
of a Servicer Termination Event, the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class may take or cause to be taken such actions as may in the Opinion of Counsel to such Noteholders, be
necessary to perfect or re-perfect the security interests in the Financed Vehicles in the name of the Issuer, including by amending the title documents of the Financed Vehicles. The Servicer hereby agrees to pay all expenses related to such
perfection or re-perfection and to take all action necessary therefor. If such expenses are not paid within fifteen (15) days after delivery of any invoice therefor, such expenses shall be paid from the amounts otherwise payable to the Servicer
pursuant to Section 5.04(a)(i). 
 Section 4.06 Covenants of Servicer. By its execution and delivery of this Agreement, the
Servicer hereby covenants as follows (upon which covenants the Issuer, the Indenture Trustee and the Owner Trustee rely in accepting the Collateral and delivering the Notes): 

(a) Liens in Force. No Financed Vehicle securing a Receivable shall be released in whole or in part from the security interest granted
by the Obligor, except upon payment in full of such Receivable (subject to any Small Balance Waiver) or as otherwise contemplated herein or in accordance with the Servicing Standard. 

(b) No Impairment. The Servicer shall do nothing to impair the rights of the Issuer or the Indenture Trustee in the property of the
Issuer. 
 (c) No Amendments. The Servicer shall not extend or otherwise amend the terms of any Receivable, except in accordance with
the Servicing Standard, Section 4.01(c) and Section 4.02. 
 (d) Notice of Material Litigation. The Servicer shall provide
notice of material litigation, actions or judgments involving CRB or the Depositor to the Issuer and the 

  
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Indenture Trustee; provided that, except with respect to any such material litigation, actions or judgments involving the Issuer or the Depositor, the Servicer shall be deemed to have
complied with the foregoing covenant with respect to any material litigation or judgments relating to the Servicer, to the extent that it or its parent company (California Republic Bancorp) properly complied with its disclosure obligations under the
Exchange Act. 
 (e) Compliance with Agreement, Basic Documents and Applicable Law. The Servicer shall comply with its obligations
under this Agreement and the Basic Documents to which it is a party. The Servicer shall comply with all Applicable Law where the failure to do so could reasonably be expected to have a Material Adverse Effect. 

(f) Arm’s Length. With respect to its obligations in connection with the Conveyed Assets, the Servicer shall transact and deal
with its Affiliates on an arm’s length basis. 
 (g) Licenses and Approvals. The Servicer shall ensure that it has and maintains
all licenses and approvals necessary for the conduct of its business in the jurisdictions where the Financed Vehicles are located. 
 (h)
Restrictions on Liens. The Servicer shall not (i) create, incur or suffer to exist, or agree to create, incur or suffer to exist, or consent to or permit in the future (upon the occurrence of a contingency or otherwise) the creation,
incurrence or existence of any Lien (other than suffering to exist any tax liens, mechanics’ liens and any other liens that attach to property by operation of law (including without limitation statutory purchase liens) to the extent the
applicable obligations are not past due) on or restriction on transferability of any Receivable except for the Lien of the Indenture and the restrictions on transferability imposed by this Agreement or (ii) other than as contemplated herein or
in the Indenture, file or authorize the filing in any jurisdiction of any UCC financing statement that names CRB, the Depositor or any other Person as a debtor, and any Person other than the Depositor, the Indenture Trustee or the Issuer as a
secured party, or sign any security agreement authorizing any secured party thereunder to file any such financing statement, in each case with respect to the Receivables. 

Section 4.07 Purchase of Receivables by Servicer upon Breach of Covenant. Upon discovery by any of the Servicer, the Seller, the
Depositor, the Issuer or a Trust Officer of the Indenture Trustee of a breach of any of the covenants set forth in Sections 4.02(b), 4.05(a) or 4.06, the party discovering such breach shall give prompt written notice to the other parties
hereto; provided, however, that the failure to give any such notice shall not affect any obligation of the Servicer under this Section 4.07. Within thirty (30) days of the discovery or notice of such breach, the Servicer
shall use its best efforts to cure such breach. On or before the Payment Date immediately following the end of the Collection Period in which the 30-day cure period referred to above has ended, the Servicer shall, unless such breach shall have been
cured by such date, purchase from the Issuer the Receivable(s) affected by such breach. In consideration of the purchase or reallocation of such Receivable(s), the Servicer shall remit the related Repurchase Price into the Collection Account, with
written notice to the Indenture Trustee of such deposit, in the manner specified in Section 5.05. Subject to Section 7.03, it is understood and agreed that the obligation of the Servicer to purchase any Receivable with respect to which
such a breach has occurred and is continuing shall, if such obligation is fulfilled, constitute the sole remedy against the Servicer for such breach available to the Issuer, the Owner Trustee, the Indenture Trustee or the Noteholders. 

  
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 Section 4.08 Servicing Fee. The Servicing Fee shall be payable to the Servicer on
each Payment Date. That part of the Servicing Fee that is based on the Servicing Fee Rate shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. The Servicer shall be required to pay all expenses (apart from expenses
incurred in accordance with the Servicing Standard in connection with liquidating a Financed Vehicle related to a Liquidated Receivable, such as auction, painting, repair or refurbishment in respect of that Financed Vehicle) incurred by it in
connection with its activities under this Agreement (including taxes imposed on the Servicer, expenses incurred in connection with distributions and reports made by the Servicer to the Owner Trustee and the Indenture Trustee and any fees and
expenses of sub-servicers to whom it has delegated servicing responsibilities). 
 Section 4.09 Servicer’s Monthly
Certificate. Not later than 10:00 a.m. (New York City time) on each Determination Date, the Servicer shall deliver to the Owner Trustee and the Indenture Trustee, with a copy to each Rating Agency, a Servicer’s Monthly Certificate, in
substantially the form of Exhibit B-1, containing all information necessary to make the payments to be made on the related Payment Date pursuant to Section 5.04 for the related Collection Period and any other information the Indenture
Trustee may reasonably request. Such Servicer’s Monthly Certificate shall be certified by a Responsible Officer of the Servicer that the information provided is complete, accurate and no event has occurred that, with notice or passage of time,
would be an Event of Default or a Servicer Termination Event. The Servicer shall also specify to the Trustees, no later than the Determination Date following the last day of a Collection Period as of which the Seller shall separately identify (by
account number), in a written notice to the Depositor and the Trustees, the Receivables to be repurchased by the Seller or purchased by the Servicer, as the case may be, for the related Collection Period. 

Section 4.10 Annual Statement as to Compliance; Notice of Servicer Termination Event. 

(a) The Servicer shall deliver to the Issuer, the Depositor, the Indenture Trustee, and each Rating Agency, prior to March 31 of each
calendar year, beginning with March 31, 2014, an officer’s certificate signed by a Responsible Officer of the Servicer (the “Servicer’s Annual Certification”) in substantially the form of Exhibit B-2. 
 (b) The Servicer shall deliver to the Issuer, the Indenture Trustee, each Rating Agency and
the Depositor, promptly after having obtained knowledge thereof, but in no event later than two Business Days thereafter, written notice in an officer’s certificate from a Responsible Officer thereof of any event that is, or with the giving of
notice or lapse of time or both would become, a Servicer Termination Event. 
 (c) Prior to March 31 of each calendar year, beginning
with March 31, 2014, the Servicer deliver to the Issuer, the Owner Trustee and the Administrator and any other Person that will be responsible for signing the certification required by Rules 13a-14(d) and 15d-14(d) under the Exchange Act
(pursuant to Section 302 of the Sarbanes-Oxley Act of 2002) on behalf of the Issuer with respect to a securitization transaction a certification in the form attached hereto as Exhibit B-3. 

  
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 Section 4.11 Annual Independent Accountants’ Report; Attestation and Assessment of
Compliance. 
 (a) Prior to March 31 of each calendar year, beginning with March 31, 2014, the Servicer shall cause a firm of
independent certified public accountants that is a member of the American Institute of Certified Public Accountants and is independent of the Seller, the Depositor, and the Servicer within the meaning of the Code of Professional Ethics of the
American Institute of Certified Public Accountants, to furnish a report to the Owner Trustee, the Depositor, the Indenture Trustee and each Rating Agency to the effect that such firm has examined the documents or records of the Servicer relating to
the Receivables and that such examination (i) was made in accordance with generally accepted auditing standards and (ii) included tests relating to motor vehicle retail installment sale contracts and installment loans serviced for others
and that such firm is of the opinion that the provisions of this Agreement have been complied with during the preceding calendar year (or, with respect to the first report, the period from the Closing Date to December 31 of such year), and
that, on the basis of such examination, nothing has come to their attention that would indicate that such servicing has not been conducted in compliance therewith during such calendar year or other period, except for (x) such exceptions as
such firm shall believe to be immaterial and (y) such other exceptions as shall be set forth in such statement; provided, however, that the Servicer shall direct the Indenture Trustee in writing to enter into any agreed upon
procedure letter that may be executed in connection with any accountant’s report issued hereunder and the Indenture Trustee shall have no liability in connection with any such accountant’s report or the content of any such agreed upon
procedure letter; and provided, further, that, if CSC is at any time acting as Servicer, it may satisfy the obligations set forth in this Section 4.11, by delivering on an annual basis a report prepared with respect to it in
accordance with SSAE 16, such report to be provided by CSC under this Section 4.11 within thirty (30) days of its receipt of such report. 

(b) Notwithstanding Section 4.11(a), prior to March 31 of each calendar year, beginning with March 31, 2014, the Servicer shall
deliver the report and attestation set forth in Sections 3.12(c) and (d) and the delivery of a copy of such report and attestation to the Depositor and the Trustees shall be deemed to satisfy the provisions of this Section. 

(c) As and when required pursuant to Section 4.11(b), the Servicer will deliver to the Depositor and the Trustees a report regarding the
Servicer’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year (or, if applicable, such shorter period as shall have elapsed since the Closing Date in the case of the first such report), in
accordance with paragraph (b) of Rule 13a-18 and Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. Such report shall be signed by an authorized officer of the Servicer and shall at a minimum address each of the Servicing
Criteria. 
 (d) The Servicer shall cause a firm of independent certified public accountants described in Section 4.11(a) above to
furnish to the Depositor and the Trustees, concurrently with the report delivered pursuant to Section 4.11(c), an attestation report providing its assessment of compliance with the any material instance of non-compliance, as required by Rule
13a-18 or Rule 15d-18 under the Servicing Criteria covered in such report during the preceding fiscal year, including disclosure of any material instance of non-compliance, as required by Rule 13a-18 or Rule 15d-18 under the Exchange Act and
Item 1122(b) of Regulation AB. Any such 

  
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attestation report shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act, stating, among other things, that the Servicer’s
assertion of compliance with the specified Servicing Criteria is fairly stated in all material respects, or the reason why such an opinion cannot be expressed. Such report must be available for general use and not contain restricted use language.

 Section 4.12 Access to Certain Documentation and Information Regarding Receivables. The Servicer shall provide to
representatives of the Owner Trustee, the Indenture Trustee and the Noteholders reasonable access to the documentation regarding the Receivables Files. Access shall be afforded without charge, but only upon reasonable request and conducted in a
reasonable manner, during the normal business hours at the offices of the Servicer. Nothing in this Section shall affect the obligation of the Servicer to observe any Applicable Law prohibiting disclosure of information regarding the Obligors
and the failure of the Servicer to provide access to information as a result of such obligation shall not constitute a breach of this Section. 

Section 4.13 Term of Servicer. The Servicer hereby covenants and agrees to act as Servicer under, and for the term of, this
Agreement. 
 Section 4.14 Access to Information Regarding Trust and Basic Documents. CRB, as initial Servicer (and if CRB is no
longer acting as Servicer, CRB, as Seller), shall furnish to the Owner Trustee and the Indenture Trustee from time to time such information regarding the Issuer or the Basic Documents as the Owner Trustee and Indenture Trustee (i) shall
reasonably request prior to an Event of Default or (ii) shall request after an Event of Default. Upon request, but only if the Notes are then not registered in book-entry form on DTC, the Indenture Trustee shall furnish to the Owner Trustee
annually a copy of the Register; provided, however, the Indenture Trustee shall not be obligated to furnish a copy of the Register more than once each calendar year. The Servicer shall furnish to the Owner Trustee copies of all
documents and reports required to be provided by the Servicer pursuant to this Article IV. 
 Section 4.15 Agreement on
Compliance. The Servicer agrees that, should any Governmental Authority with bank regulatory powers find that the terms of this Agreement, or any agreement relating to the servicing of the Receivables constitute an unsafe and unsound condition
with respect to the Servicer and such Governmental Authority notifies the Servicer of such finding, then the Servicer shall negotiate in good faith with the Issuer to correct any such deficiencies and to bring this Agreement into compliance with
Applicable Law. 
 Section 4.16 Compliance with the FDIC Rule. 

(a) CRB, in its capacity as Servicer, Administrator and Seller agrees to perform the covenants and agreements set forth in Article XII of the
Indenture applicable to it and to otherwise comply with the terms of Article XII of the Indenture. 
 (b) The Depositor agrees to perform
the covenants and agreements set forth in Article XII of the Indenture applicable to it and to otherwise comply with the terms of Article XII of the Indenture. 

Section 4.17 Duties of the Backup Servicer. Commencing on the Closing Date and until such time, if any, as the Backup Servicer
shall become successor Servicer, the Backup Servicer, 

  
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for the benefit of the Noteholders, shall perform the monitoring, review, inspection and other backup servicing functions that are set forth in Annex A, such performance to be provided for each
Collection Period or at such other times and intervals as may be specified in Annex A. As set forth in Section 8.03(a), in the event CRB is terminated as Servicer, the Backup Servicer agrees that it shall become the successor Servicer
hereunder; provided, that notwithstanding that the Backup Servicer becomes successor Servicer hereunder, it shall have no obligation at any time to make Advances as set forth in Section 5.07. Any provision in this Agreement to the contrary
notwithstanding, CSC (acting in any capacity hereunder) shall have no liability for any acts, omissions, negligence, fraud or malfeasance by any Servicer (other than CSC should it become Servicer hereunder) or any other party to this Agreement with
respect to the performance by the Servicer or other party to this Agreement of its duties hereunder, or for any errors made by the Servicer or other party to this Agreement in the performance of such duties which cause any losses to Noteholders,
Certificateholders or any other third parties, including should CSC become successor Servicer, any breach of a representation, warranty or covenant by a predecessor Servicer and any obligation to repurchase or purchase any Receivable resulting from
any such breach or other act or omission by a predecessor Servicer. 
 Section 4.18 Exchange Act Reporting. The Indenture
Trustee and the Servicer shall reasonably cooperate with the Depositor in connection with the satisfaction of the Depositor’s reporting requirements under the Exchange Act with respect to the Issuer. So long as the Depositor is required to file
Exchange Act Reports with respect to the Issuer, each of the Indenture Trustee and the Servicer shall promptly notify the Depositor, and, in the case of an event reportable on the Form 8-K, not later than two Business Days after its occurrence, of
any event reportable on the Exchange Act Reports of which such Person (or in the case of the Indenture Trustee, a Responsible Officer of such Person) has knowledge. In addition, if so requested by the Depositor for the purpose of satisfying its
reporting obligation under the Exchange Act, the Indenture Trustee and the Servicer shall provide the Depositor with (i) such information which is available to such Person without unreasonable effort or expense and within such timeframe as may
be reasonably requested by the Depositor to comply with the Depositor’s reporting obligations under the Exchange Act and (ii) to the extent such Person is a party (and the Depositor is not a party) to any agreement or amendment required to
be filed, copies of such agreement or amendment in EDGAR-compatible form. Each of the Servicer and the Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive
guidance provided by the Commission or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to comply with requests made by the Depositor in good faith for delivery of
information under these provisions on the basis of evolving interpretations of Regulation AB and related rules and regulations. Without limiting the generality of the foregoing, so long as the Depositor is required to file Exchange Act Reports: 

(a) No later than each Determination Date, each of the Indenture Trustee and the Servicer shall notify (and the Servicer shall cause any
subservicer to notify) the Depositor of any Form 10-D Disclosure Item with respect to such Person (or in the case of the Indenture Trustee, a Responsible Officer of such Person), together with a description of any such Form 10-D Disclosure Item in
form and substance reasonably acceptable to the Depositor. In addition to such information as the Servicer is obligated to provide pursuant to other provisions of this Agreement, if so requested by the Depositor, the Servicer shall provide such
information which 

  
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is available to the Servicer, without unreasonable effort or expense regarding the performance or servicing of the Receivables as is reasonably required to facilitate preparation of distribution
reports in accordance with Item 1121 of Regulation AB. Such information shall be provided concurrently with the statements to Noteholders pursuant to Section 5.06, commencing with the first such report due not less than five
(5) Business Days following such request. 
 (b) Each of the Indenture Trustee and the Servicer shall promptly notify the Depositor,
but in no event later than two (2) Business Days after its occurrence, of any Form 8-K Reportable Event of which such Person (or in the case of the Indenture Trustee, a Responsible Officer of such Person) has actual knowledge. Each Person,
other than the Indenture Trustee as set forth above, shall be deemed to have actual knowledge of any such event to the extent that it relates to such Person or any action or failure to act by such Person. 

(c) No later than March 15 of each year, commencing in 2014, the Indenture Trustee and the Servicer shall notify the Depositor of any
Form 10-K Disclosure Item, together with a description of any such Form 10-K Disclosure Item in form and substance reasonably acceptable to the Depositor. If any of the Item 1119 Parties have changed since the Closing Date, no later than
February 1 of each year, commencing in 2014, the Depositor shall provide each of the Indenture Trustee and the Servicer with an updated list of the Item 1119 Parties. 

(d) On or before March 15 of each calendar year, commencing in 2014: 

(i) The Indenture Trustee shall deliver to the Depositor and the Servicer the Servicing Criteria Assessment. Such report shall
be signed by an authorized officer of the Indenture Trustee and shall at a minimum address each of the servicing criteria set forth in Item 1122(d) of Regulation AB delivered to the Depositor concurrently with the execution of this Agreement
(provided that such certification may be revised after the date of this Agreement as agreed by the Depositor and the Indenture Trustee to reflect any guidance with respect to such criteria from the Commission). To the extent any of the Servicing
Criteria are not applicable to the Indenture Trustee, with respect to asset-backed securities transactions taken as a whole involving the Indenture Trustee and that are backed by the same asset type backing the Notes, such report shall include such
a statement to that effect. The Indenture Trustee acknowledges and agrees that the Depositor and the Servicer with respect to its duties as the Certifying Person, and each of their respective officers and directors shall be entitled to rely upon
each such servicing criteria assessment and the attestation delivered pursuant to Section 4.11. 
 (ii) The Indenture
Trustee shall deliver to the Depositor and the Servicer a report of a registered public accounting firm that attests to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered pursuant to the preceding paragraph.
Such attestation shall be in accordance with Rules 13a-18 and 15d-18 of the Exchange Act (or any successor provisions), Rules 1-02(a)(3) and 2-02(g) of Regulation S-X (or any successor provisions) under the Securities Act and the Exchange Act,
including, that, in the event that an overall opinion cannot be expressed, such registered public accounting firm shall state in such report why it was unable to express such an opinion. Such report must be available for general use and not contain
restricted use language. 

  
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 (iii) In the event the Indenture Trustee is terminated or resigns during the term
of this Agreement, such Person shall provide the documents and information pursuant to this Section with respect to the period of time it was subject to this Agreement or provided services with respect to the Issuer or the Receivables. 

(e) The Indenture Trustee represents that: 

(i) there are no affiliations relating to the Indenture Trustee with respect to any Item 1119 Party; 

(ii) there are no relationships or transactions with respect to any Item 1119 Party and the Indenture Trustee that are
outside the ordinary course of business or on terms other than would be obtained in an arm’s-length transaction with an unrelated third party, apart from the transactions contemplated under the Basic Documents, and that are material to the
investors’ understanding of the Notes; and 
 (iii) no litigation is pending or, to the best of the Indenture
Trustee’s knowledge, threatened against the Indenture Trustee that, if determined adversely to the Indenture Trustee, in the Indenture Trustee’s good faith and reasonable judgment, is likely to materially and adversely affect the ability
of the Indenture Trustee to perform its obligations under this Agreement. 
 ARTICLE V 

DISTRIBUTIONS; STATEMENTS TO SECURITYHOLDERS 

Section 5.01 Establishment of Accounts. 

(a) The Issuer, for the benefit of the Noteholders, shall cause the Indenture Trustee to establish and maintain in the name of the Indenture
Trustee three non-interest bearing Eligible Accounts (respectively, the “Collection Account”, the “Principal Distribution Account” and the “Reserve Account”), each bearing a designation clearly
indicating that the funds deposited therein are held for the benefit of the Noteholders. 
 (b) Funds deposited in each of the Trust
Accounts (including amounts, if any, which the Servicer is required to remit to the Collection Account pursuant to Section 5.02) shall be invested first in Federated Prime Obligations Fund #143 for so long as Federated Prime Obligations Fund
#143 is a Permitted Investment. If Federated Prime Obligations Fund #143 ceases to be a Permitted Investment, the funds deposited in each of the Trust Accounts shall second be held in Goldman Sachs Prime Obligations Fund #1235 for so long as Goldman
Sachs Prime Obligations Fund #1235 is a Permitted Investment. If Goldman Sachs Prime Obligations Fund #1235 ceases to be a Permitted Investment, the funds deposited in each of the Trust Accounts shall third be held in JPM Prime Money Fund #349 for
so long as JPM Prime Money Fund #349 is a Permitted Investment. If JPM Prime Money Fund #349 ceases to be a Permitted Investment, the funds deposited in each of the Trust Accounts shall be invested at the written direction of the Servicer in a money
market mutual fund (provided such fund is a Permitted Investment) that has a principal investment strategy and an investment objective that are each substantially identical to Federated Prime Obligations Fund #143. Such investments shall

  
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mature, in the case of the Reserve Account, prior to the Business Day prior to the next Payment Date, and, in the case of the Collection Account, on the Payment Date in the Collection Period
following the Collection Period during which the investment was made; provided that neither the Servicer nor the Indenture Trustee shall have the power or right to change or alter the particular Permitted Investments identified in the
preceding four sentences with respect to which such funds are invested; and provided further that the Servicer shall provide written notice to the Indenture Trustee, promptly upon any investment in each of the Trust Accounts ceasing to
be a Permitted Investment, and such notification shall include an instruction to the Indenture Trustee to withdraw the funds from the ineligible investment and to deposit such funds into the applicable Permitted Investment set forth in this
Section 5.01(d). All Permitted Investments shall be held by the Indenture Trustee for the benefit of the Noteholders and no Permitted Investments may be purchased at a premium. Amounts invested in Permitted Investments may not be converted into
cash, sold or otherwise disposed of other than (i) upon maturity of the related investment, (ii) upon the date the related investment no longer meets the investment criteria of a Permitted Investment, or (iii) on any Payment Date, in
order to allow the amount invested to be distributed to the Noteholders or Certificateholders in accordance with Section 5.04. 
 (c)
For so long as CRB is acting as Servicer hereunder, in the event that there are Net Investment Losses in Permitted Investments chosen by the Servicer, the Servicer shall deposit the amount of such Net Investment Losses into the Collection Account no
later than one Business Day prior to the Payment Date. The Indenture Trustee shall not be held liable in any way for any Net Investment Losses, except for losses attributable to the Indenture Trustee’s failure to make payments on such Permitted
Investments issued by the Indenture Trustee, in its commercial capacity as principal obligor and not as Indenture Trustee, in accordance with their terms. 

(d) (i) The Indenture Trustee shall possess all right, title and interest in all funds and investment property on deposit from time to time in
or credited to the Trust Accounts and in all proceeds thereof (including all income thereon) and all such funds, investment property, proceeds and income shall be part of the assets of the Issuer, except as otherwise set forth herein. The Trust
Accounts shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders. The Servicer shall have no power or right to change or alter any of the foregoing initial specifications in Section 5.01(d);
provided that if, at any time, any Trust Account ceases to be an Eligible Account, the Indenture Trustee (or the Servicer on its behalf) shall within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar
days, as to which each Rating Agency may consent) establish a new Trust Account as an Eligible Account and shall transfer any cash and/or any investments from the account that is no longer an Eligible Account to the new Trust Account. 

(ii) With respect to the Trust Account Property, the Indenture Trustee agrees, by its acceptance hereof, that: 

(A) any Trust Account Property that is held in deposit accounts shall be held solely in the Eligible Accounts, subject to the
last sentence of Section 5.01(d)(i); and each such Eligible Account shall be subject to the exclusive custody and control of the Indenture Trustee, and the Indenture Trustee shall have sole signature authority with respect thereto; 

  
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 (B) any Trust Account Property that constitutes Physical Property shall be
delivered to the Indenture Trustee in accordance with paragraph (a) of the definition of “Delivery” and shall be held, pending maturity or disposition, solely by the Indenture Trustee or a Securities Intermediary acting solely for the
Indenture Trustee; 
 (C) any Trust Account Property that is a book-entry security held through the Federal Reserve System
pursuant to federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued
book-entry registration of such Trust Account Property as described in such paragraph; 
 (D) any Trust Account Property that
is an “uncertificated security” under Article 8 of the UCC and that is not governed by clause (C) above shall be delivered to the Indenture Trustee in accordance with paragraph (c) of the definition of “Delivery”
and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued registration of the Indenture Trustee’s (or its nominee’s) ownership of such security; and 

(E) any Trust Account Property that is a Security Entitlement shall be delivered in accordance with paragraph (d) of the
definition of “Delivery” herein and shall be held pending maturity or disposition by the Indenture Trustee or a securities intermediary acting solely for the Indenture Trustee. 

(iii) The Servicer shall have the power (which power shall be revocable by the Indenture Trustee, or by the Owner Trustee with
the consent of the Indenture Trustee, following a Servicer Termination Event) to instruct the Indenture Trustee to make withdrawals and payments from the Trust Accounts held by the Indenture Trustee for the purpose of withdrawing any amounts
deposited in error into such accounts and withdrawing therefrom amounts that the Servicer is authorized to withdraw in accordance with Section 5.04(a) hereof and Section 5.04 of the Indenture. 

Section 5.02 Collections. The Servicer shall remit to the Collection Account all Collections on the Receivables (as set forth in
clause (i) of the definition of “Collections”) within two (2) Business Days of receipt thereof. 
 Section 5.03
Application of Collections. All payments by or on behalf of an Obligor during each Collection Period with respect to each Receivable shall be allocated to interest, fees, principal and other amounts in accordance with the Simple Interest
Method as supplemented by the Servicer’s customary procedures. 

  
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 Section 5.04 Distributions; Payment Notification. (a) Prior to any acceleration
of the Notes pursuant to Section 5.02 of the Indenture, on each Payment Date, the Indenture Trustee (based solely on information contained in, and as directed by, the related Servicer’s Monthly Certificate) shall make the following
deposits and distributions, to the extent of Available Funds and the Reserve Account Draw Amount on deposit in the Collection Account for such Payment Date (in that order), in the following order of priority: 

(i) first, to the Servicer, the Servicing Fee, and to the Backup Servicer, the Backup Servicing Fee, in each case for the
related Collection Period and all accrued and unpaid Servicing Fees and Backup Servicing Fees with respect to prior Collection Periods; 

(ii) second, pro rata, to the Class A-1 Noteholders, the Accrued Class A-1 Note Interest for the related Interest
Period, and to the Class A-2 Noteholders, the Accrued Class A-2 Note Interest for the related Interest Period; 

(iii) third, to the Principal Distribution Account for distribution to the Noteholders pursuant to Section 5.04(b), the
First Allocation of Principal, if any; 
 (iv) fourth, to the Class B Noteholders, the Accrued Class B Note
Interest for the related Interest Period; 
 (v) fifth, to the Principal Distribution Account for distribution to the
Noteholders pursuant to Section 5.04(b), the Second Allocation of Principal, if any; 
 (vi) sixth, to the Class C
Noteholders, the Accrued Class C Note Interest for the related Interest Period; 
 (vii) seventh, to the Principal
Distribution Account for distribution to the Noteholders in accordance with Section 5.04(b), the Third Allocation of Principal, if any; 

(viii) eighth, to the Reserve Account, any additional amounts required to increase the amount in the Reserve Account up to the
Specified Reserve Account Balance; 
 (ix) ninth, to the Principal Distribution Account for distribution to the Noteholders
in accordance with Section 5.04(b), the Regular Principal Distribution Amount, if any; 
 (x) tenth, to the Owner
Trustee, the Indenture Trustee and the Administrator accrued and unpaid fees, reasonable expenses and indemnification amounts due and owing under this Agreement, the Trust Agreement, the Administration Agreement and the Indenture, as applicable,
which have not been previously paid; and 
 (xi) eleventh, to the Certificate Distribution Account, any funds remaining for
distribution to the Certificateholders. 

  
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 Notwithstanding any other provision of this Section 5.04, following the occurrence and
during the continuation of an Event of Default which has resulted in an acceleration of the Notes, the Indenture Trustee shall apply all amounts on deposit in the Collection Account pursuant to Section 5.04(b) of the Indenture. 

(b) Prior to the acceleration of the Notes pursuant to Section 5.02 of the Indenture, on each Payment Date and the Redemption Date, the
Indenture Trustee shall distribute all amounts on deposit in the Principal Distribution Account to Noteholders in respect of principal of the Notes to the extent of the funds therein in the following order of priority: 

(i) first, to the Holders of the Class A-1 Notes, until the Class A-1 Notes are Paid In Full; 

(ii) second, to the Holders of the Class A-2 Notes, until the Class A-2 Notes are Paid In Full; 

(iii) third, to the Holders of the Class B Notes, until the Class B Notes are Paid In Full; and 

(iv) fourth, to the Holders of the Class C Notes, until the Class C Notes are Paid In Full. 

Section 5.05 Additional Deposits and Payments. 

(a) On each Payment Date, the Servicer and the Seller will deposit into the Collection Account the aggregate Repurchase Price with respect to
Receivables purchased by the Servicer pursuant to Section 4.07 or the Seller pursuant to Section 3.03 (or pursuant to Section 3.3 of the Receivables Purchase Agreement), respectively, and the Servicer will deposit into the Collection
Account all amounts, if any, to be paid under Section 9.01 in connection with the Optional Purchase. All such deposits with respect to a Payment Date will be made, in immediately available funds by 11:00 a.m. (New York City time) on such
Payment Date. 
 (b) If the sum of the amounts required to be distributed pursuant to subsections (i) through (vii) of
Section 5.04(a) above exceeds Collections received by the Servicer during such Collection Period and the aggregate Repurchase Price deposited in the Collection Account with respect to each Receivable that will be purchased by the Depositor or
Servicer on or before that Payment Date, the Indenture Trustee will withdraw from the Reserve Account and deposit in the Collection Account for distribution in accordance with the priority of payments an amount equal to the lesser of the Reserve
Account Excess Amount, if any, and the Reserve Account Draw Amount, if any (if such amount is set forth in the applicable Servicer’s Monthly Certificate) and deposit such amount in the Collection Account. 

(c) On the Closing Date the Seller will deposit (or cause to be deposited) into the Reserve Account an amount equal to the Initial Reserve
Account Deposit Amount. 
 The Indenture Trustee shall receive written instructions from the Servicer (which will be in the form of the Servicer’s
Monthly Certificate) directing the Indenture Trustee to make the foregoing deposits and payments 

  
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 Section 5.06 Statements to Noteholders and the Indenture Trustee. On or before each
Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each Rating Agency, and the Indenture Trustee (upon receiving notice from the Issuer that the statement has been posted on the
Rule 17g-5 Website), shall make available on its website (as described below) a copy to the Issuer and to each Noteholder as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such
Determination Date the following information (to the extent applicable): 
 (a) the aggregate amount being paid on such Payment Date in
respect of interest on and principal of each Class of Notes; 
 (b) the Class A-1 Note Balance, the Class A-2 Note Balance, the
Class B Note Balance and the Class C Note Balance, in each case after giving effect to payments on such Payment Date; 
 (c) (i)
the amount deposited in the Reserve Account in respect of such Payment Date, if any, (ii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date,
(iii) the Specified Reserve Account Balance and the balance on deposit in the Reserve Account, after giving effect to withdrawals therefrom and deposits thereto in respect of such Payment Date and (iv) the change in such balance from the
immediately preceding Payment Date; 
 (d) the First Allocation of Principal, the Second Allocation of Principal, the Third Allocation of
Principal and the Regular Principal Distribution Amount; 
 (e) the Pool Balance as of the close of business on the last day of the
preceding Collection Period and the Note Factor for each Class of Notes, after giving effect to all payments of principal on such Payment Date; 

(f) the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid
Servicing Fees; 
 (g) the amount of the Backup Servicing Fee to be paid to the Backup Servicer with respect to the related Collection
Period and the amount of any unpaid Backup Servicing Fees; 
 (h) the amount of the Class A-1 Noteholders’ Interest Carryover
Shortfall, the Class A-2 Noteholders’ Interest Carryover Shortfall, the Class B Noteholders’ Interest Carryover Shortfall and the Class C Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the
change in such amounts from the preceding Payment Date; 
 (i) the aggregate Repurchase Price with respect to repurchased Receivables paid
by (i) the Servicer and (ii) the Seller with respect to the related Collection Period; 
 (j) the amount of Collections for the
related Collection Period; 
 (k) the number of, and aggregate amount of payments due on, the related Receivables which are delinquent as of
the end of the related Collection Period; 

  
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 (l) the aggregate amount of proceeds received by the Servicer, net of reimbursable out-of-pocket
expenses, in respect of a Receivable which is a Liquidated Receivable; 
 (m) the amount remaining of any overcollateralization; and 

(n) the number and aggregate Principal Balance of Receivables for which the related Financed Vehicle has been repossessed. 

Each amount set forth pursuant to paragraph (a) or (h) above relating to the Notes shall be expressed as a dollar amount per $1,000
of the Initial Note Balance of the Notes (or Class thereof). 
 The Indenture Trustee will make available via the Indenture Trustee’s
internet website all reports or notices required to be provided by the Indenture Trustee under this Section 5.06 and Section 7.04(b) of the Indenture. Any information that is disseminated in accordance with the provisions of this
Section 5.06 shall not be required to be disseminated in any other form or manner. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such documents and will assume no responsibility therefor.

 The Indenture Trustee’s internet website shall be initially located at https://tss.sfs.db.com/investpublic or at such other
address as shall be specified by the Indenture Trustee from time to time in writing to the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture
Trustee may require registration and the acceptance of a disclaimer. The Indenture Trustee shall not be liable for the dissemination of information in accordance with this Agreement. 

The Indenture Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the
Servicer’s Monthly Certificate or delivered pursuant to this Section 5.06 by the Servicer to the Indenture Trustee, and the Indenture Trustee shall be fully protected in relying upon such Servicer’s Monthly Certificate and the
information delivered pursuant to this Section 5.06. 
 Section 5.07 Advances by the Servicer. 

(a) Subject to the Servicer determining, in its good faith judgment, that an Advance would not represent a Nonrecoverable Advance, by the
close of business on the Business Day preceding each Payment Date, the Servicer shall make an Advance, out of its own funds or from amounts held for future distributions, by deposit into the Collection Account, in an amount equal to the aggregate of
all scheduled payments of interest on the Receivables which were due during the immediately preceding Collection Period that remained unpaid at the end of such Collection Period or were not otherwise due during such Collection Period because the
payment was deferred by the Servicer. 
 (b) On each Payment Date, the Servicer shall reimburse itself from amounts received in respect of
late scheduled payments of interest for the Outstanding Amount Advanced to the extent of actual collections of late scheduled payments of interest under the related Receivables. 

(c) If the Servicer determines that any Advance made pursuant to this Section 5.07 has become a Nonrecoverable Advance and at the time of
such determination there exists an Outstanding Amount Advanced with respect to each Advance, then the Servicer shall reimburse itself out of funds in the Collection Account for the amount of such Nonrecoverable Advance together with interest
thereon, but only to the extent of such Outstanding Amount Advanced. 

  
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 ARTICLE VI 

THE DEPOSITOR 
 Section 6.01
Representations and Warranties of the Depositor. The Depositor makes the following representations to the Issuer, the Servicer, the Indenture Trustee and the Seller, as of the execution and delivery of this Agreement and as of the Closing
Date. The Issuer relies on such representations in accepting the Depositor Conveyed Assets. Such representations and warranties shall survive the sale, transfer and assignment of the Depositor Conveyed Assets being sold by the Depositor to the
Issuer and the pledge thereof to the Indenture Trustee in accordance with the terms of the Indenture. 
 (a) Organization and Good
Standing. The Depositor is duly formed and validly existing as a limited liability company in good standing under the laws of the State of Delaware, with the power and authority under its amended and restated limited liability company agreement
and under the Delaware Limited Liability Company Act to own its properties and to conduct its business as such properties are currently owned and such business is presently conducted. 

(b) Due Qualification. The Depositor is duly qualified to do business as a foreign limited liability company in good standing, and has
obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would adversely affect the Depositor’s ability to transfer the Depositor Conveyed Assets being conveyed by it to the Issuer pursuant to this Agreement
or the validity or enforceability of the Receivables. 
 (c) Power and Authority. The Depositor has the power and authority under its
limited liability company agreement and under the Delaware Limited Liability Company Act to execute and deliver this Agreement and the other Basic Documents to which it is a party and to carry out their respective terms; the Depositor has full power
and authority to sell and assign the property to be sold and assigned to and deposited with the Issuer, and the Depositor shall have duly authorized such sale and assignment to the Issuer by all necessary limited liability company action; and the
execution, delivery and performance of this Agreement and the other Basic Documents to which the Depositor is a party have been duly authorized by the Depositor by all necessary limited liability company action. 

(d) Binding Obligation. This Agreement effects a valid sale, transfer, assignment and conveyance to the Issuer of the Receivables and
the other Collateral, enforceable 

  
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against all creditors of and purchasers from the Depositor. This Agreement and the other Basic Documents to which the Depositor is a party, when duly executed and delivered by the other parties
hereto and thereto, shall constitute legal, valid and binding obligations of the Depositor, enforceable against the Depositor in accordance with their respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency,
reorganization or similar laws now or hereafter in effect relating to or affecting creditors’ rights generally and relating to general principles of equity (whether applied in a proceeding at law or in equity). 

(e) No Violation. The consummation of the transactions contemplated by this Agreement and the other Basic Documents and the fulfillment
of the terms of this Agreement and the other Basic Documents shall not conflict with, result in any breach of any of the terms or provisions of or constitute (with or without notice or lapse of time or both) a default under, the amended and restated
limited liability company agreement of the Depositor or any indenture, agreement, mortgage, deed of trust or other instrument or agreement to which the Depositor is a party or by which it is bound; or result in the creation or imposition of any Lien
upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument or agreement other than this Agreement and the other Basic Documents; or violate any law, order, rule or regulation
applicable to the Depositor of any Governmental Authority having jurisdiction over the Depositor. 
 (f) No Proceedings. There are no
proceedings or investigations pending or, to the Depositor’s knowledge, threatened, against the Depositor before any Governmental Authority having jurisdiction over the Depositor or its properties: (i) asserting the invalidity of this
Agreement or any other Basic Document; (ii) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any other Basic Document; (iii) that could adversely affect the
performance by the Depositor of its obligations under, or the validity or enforceability of, this Agreement or any other Basic Document; or (iv) seeking to adversely affect the federal income tax attributes of the Issuer or the Notes. 

(g) No Consents. The Depositor is not required to obtain the consent of any other party or any consent, license, approval,
registration, authorization or declaration of or with any Governmental Authority in connection with the execution, delivery, performance, validity or enforceability of this Agreement or any other Basic Document to which it is a party that has not
already been obtained. 
 Section 6.02 Entities’ Existence. During the term of this Agreement, the Depositor will keep in
full force and effect its existence, rights and franchises as a limited liability company under the laws of the State of Delaware and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or
shall be necessary to protect the validity and enforceability of this Agreement, the other Basic Documents and each other instrument or agreement necessary or appropriate to the proper administration of this Agreement and the transactions
contemplated hereby. In addition, all transactions and dealings between the Depositor and its Affiliates will be conducted on an arm’s-length basis. The Depositor shall not merge or consolidate with any other entity or otherwise amend its
organizational documents except in accordance with the provisions of its organizational documents. 

  
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 Section 6.03 Limitation on Liability of Depositor and Others. The Depositor and any
director, officer, employee or agent thereof may reasonably rely in good faith on the advice of counselor on any document of any kind, prima facie properly executed and submitted by any Person respecting any matters arising hereunder. The Depositor
shall not be under any obligation to appear in, prosecute or defend any legal action that shall not be incidental to its obligations under this Agreement and that in its opinion may involve it in any expense or liability. 

Section 6.04 Depositor May Own Notes. The Depositor and any Affiliate thereof may in its individual or any other capacity become
the owner or pledgee of Notes with the same rights as it would have if it were not the Seller, the Depositor or an Affiliate thereof, except as expressly provided herein or in any other Basic Document. 

ARTICLE VII 
 THE SERVICER AND
BACKUP SERVICER 
 Section 7.01 Representations and Warranties of Servicer. The Servicer makes the following representations and
warranties upon which the Issuer is deemed to have relied in acquiring the Depositor Conveyed Assets. Such representations are made as of the date of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the
transfer of the Depositor Conveyed Assets to the Issuer and the pledge thereof to the Indenture Trustee in accordance with the terms of the Indenture. 

(a) Organization and Good Standing. It is a California corporation authorized to transact a banking business duly incorporated and
validly existing under the laws of California and continues to hold a valid certificate to do business as such. It is duly authorized to own its properties and transact its business and is in good standing in each jurisdiction in which the character
of the business transacted by it or any properties owned or leased by it requires such authorization and in which the failure to be so authorized could reasonably be expected to have a Material Adverse Effect. It has, and at all relevant times had,
the power, authority and legal right to acquire, own, and service the Receivables. 
 (b) Securitization Structure. It is the holder
of 100% of the equity and voting interest in the Depositor. 
 (c) Licenses and Approvals. It has obtained all necessary licenses and
approvals, in all jurisdictions where the failure to do so could reasonably be expected to materially and adversely affect its ability to acquire, own and service the Receivables. 

(d) Power and Authority. It has the power and authority to execute and deliver this Agreement and the other Basic Documents to which it
is a party and to carry out their respective terms; and the execution, delivery and performance of this Agreement and the other Basic Documents to which it is a party have been duly authorized by it by all necessary action. 

(e) Binding Obligation. This Agreement and the other Basic Documents to which it is a party constitute its legal, valid and binding
obligations, enforceable against it in accordance with their respective terms, except as the enforceability thereof may be limited by 

  
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bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors’ rights generally and to general principles of equity, whether applied in a proceeding in
equity or at law. 
 (f) No Violation. It is not in default under any indenture, mortgage, deed of trust, loan agreement, guarantee,
lease financing agreement, or similar agreement or instrument to which it is a party except where such default could not reasonably be expected to have a material adverse effect on the Noteholders. The consummation of the transactions contemplated
by this Agreement and the other Basic Documents to which it is a party and the fulfillment of their respective terms shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse
of time or both) a default under, its articles of incorporation or bylaws or any indenture, agreement, mortgage, deed of trust or other instrument or agreement to which it is a party or by which it is bound; or result in the creation or imposition
of any Lien upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument or agreement, other than this Agreement and the other Basic Documents, or violate any law, order, rule or
regulation applicable to it of any Governmental Authority having jurisdiction over it or any of its properties. 
 (g) No
Proceedings. There are no proceedings or investigations pending, or to its knowledge threatened, against it before any Governmental Authority having jurisdiction over it or its properties: (i) asserting the invalidity of this Agreement or
any of the other Basic Documents; (ii) seeking to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other Basic Documents; (iii) that could materially and
adversely affect the performance by it of its obligations under, or the validity or enforceability of, this Agreement or any of the other Basic Documents; or (iv) seeking to adversely affect the federal income tax or other federal, State or
local tax attributes of the Notes. 
 (h) No Consents. The Servicer is not required to obtain the consent of any other party or any
consent, license, approval, registration, authorization or declaration of or with any Governmental Authority in connection with the execution, delivery, performance, validity or enforceability of this Agreement or any other Basic Document to which
it is a party that has not already been obtained. 
 Section 7.02 Representations and Warranties of the Backup Servicer. The
Backup Servicer makes the following representations and warranties upon which the Issuer is deemed to have relied in acquiring the Depositor Conveyed Assets. Such representations are made as of the date of the execution and delivery of this
Agreement and as of the Closing Date, and shall survive the transfer of the Depositor Conveyed Assets to the Issuer and the pledge thereof to the Indenture Trustee in accordance with the terms of the Indenture. 

(a) Organization and Good Standing. It is a Texas corporation authorized to transact as a banking business duly incorporated and
validly existing under the laws of Texas and continues to hold a valid certificate to do business as such. It is duly authorized to own its properties and transact its business and is in good standing in each jurisdiction in which the character of
the business transacted by it or any properties owned or leased by it requires such authorization and in which the failure to be so authorized could reasonably be expected to have a Material Adverse Effect. It has at all relevant times the power,
authority and legal right to service the Receivables. 

  
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 (b) Licenses and Approvals. It has obtained all necessary licenses and approvals, in all
jurisdictions where the failure to do so could reasonably be expected to materially and adversely affect its ability to service the Receivables. 

(c) Power and Authority. It has the power and authority to execute and deliver this Agreement and to carry out its terms; and the
execution, delivery and performance of this Agreement has been duly authorized by it by all necessary action. 
 (d) Binding
Obligation. This Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or other similar
laws affecting the enforcement of creditors’ rights generally and to general principles of equity, whether applied in a proceeding in equity or at law. 

(e) No Violation. It is not in default under any indenture, mortgage, deed of trust, loan agreement, guarantee, lease financing
agreement, or similar agreement or instrument to which it is a party except where such default could not reasonably be expected to have a material adverse effect on the Noteholders. The consummation of the transactions contemplated by this Agreement
and the fulfillment of its terms shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, its articles of incorporation or bylaws or any
indenture, agreement, mortgage, deed of trust or other instrument or agreement to which it is a party or by which it is bound; or result in the creation or imposition of any Lien upon any of its properties pursuant to the terms of any such
indenture, agreement, mortgage, deed of trust or other instrument or agreement (other than this Agreement, if applicable), or violate any law, order, rule or regulation applicable to it of any Governmental Authority having jurisdiction over it or
any of its properties. 
 (f) Proceedings. There are no proceedings or investigations pending, or to its knowledge threatened,
against it before any Governmental Authority having jurisdiction over it or its properties: (i) asserting the invalidity of this Agreement or any of the other Basic Documents; (ii) seeking to prevent the issuance of the Notes or the
consummation of any of the transactions contemplated by this Agreement or any of the other Basic Documents; (iii) that could materially and adversely affect the performance by it of its obligations under, or the validity or enforceability of,
this Agreement; or (iv) seeking to adversely affect the federal income tax or other federal, State or local tax attributes of the Notes. 

(g) No Consents. The Backup Servicer is not required to obtain the consent of any other party or any consent, license, approval,
registration, authorization or declaration of or with any Governmental Authority in connection with the execution, delivery, performance, validity or enforceability of this Agreement that has not already been obtained. 

Section 7.03 Indemnities of Servicer. 

(a) The Servicer and the Backup Servicer shall each be liable in accordance herewith only to the extent of the obligations specifically
undertaken by the Servicer and the Backup Servicer, respectively, and the representations made by the Servicer and the Backup Servicer under this Agreement and, in the case of the Servicer, the other Basic Documents. 

  
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 (b) The Servicer shall indemnify the Issuer, the Owner Trustee, the Indenture Trustee, the Backup
Servicer and any of the officers, directors, employees and agents of each such Person from and against any and all costs (including reasonable legal fees and expenses), expenses, losses, damages, claims and liabilities (including servicing,
underwriting or realization issues (including with respect to violations of consumer protection laws)) arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of a Financed Vehicle, excluding any
losses incurred solely in connection with the sale of any repossessed Financed Vehicles in a commercially reasonable manner and in compliance with the terms of this Agreement. 

(c) The Servicer shall indemnify the Issuer, the Owner Trustee, the Indenture Trustee, the Backup Servicer and any of the officers, directors,
employees and agents of each such Person, from and against any taxes that may at any time be asserted against any of such parties with respect to the transactions contemplated in this Agreement, including any sales, gross receipts, tangible or
intangible personal property, privilege or license taxes (but not including (i) any federal, state or other income taxes, (ii) any general corporation or franchise taxes, or (iii) any taxes asserted with respect to the transfer of the
Collateral to the Issuer or the issuance and original sale of the Notes), and any costs and expenses in defending against the same (including reasonable legal fees and expenses). For the avoidance of doubt, the Servicer will not indemnify any Person
for any costs, expenses, losses, claims, damages or liabilities due to the credit risk of any Obligor and for which reimbursement would constitute recourse for uncollectible Receivables. 

(d) The Servicer shall indemnify the Indenture Trustee and the Owner Trustee, the Backup Servicer and their respective officers, directors,
employees and agents, from and against any loss, liability, expense, damage or injury (including reasonable legal fees and expenses) directly or indirectly related to, arising out of or incurred in connection with (i) in the case of the
Indenture Trustee, the Indenture Trustee’s performance of its duties under the Indenture, (ii) in the case of the Owner Trustee, the Owner Trustee’s performance of its duties under the Trust Agreement, (iii) the acceptance,
administration or performance by, or action or inaction of, the Indenture Trustee or the Owner Trustee, as applicable, of the trusts and duties contained in the Basic Documents, or (iv) in the case of the Backup Servicer, the Backup
Servicer’s performance of its duties under this Agreement, except in each case to the extent that such loss, liability, expense, damage or injury suffered: (A) is due to the willful misconduct, bad faith or negligence of the Person seeking
to be indemnified; (B) to the extent otherwise payable to the Indenture Trustee, arises from the Indenture Trustee’s breach of any of its representations or warranties under the Indenture; (C) to the extent otherwise payable to the
Owner Trustee, arises from the Owner Trustee’s breach of any of its representations or warranties set forth under the Trust Agreement; (D) to the extent otherwise payable to the Backup Servicer, arises from the Backup Servicer’s
breach of any of its representations or warranties set forth under this Agreement; or (E) shall arise out of or be incurred as a result of the negligence or willful misconduct of the Backup Servicer in connection with its performance of the
duties of successor Servicer hereunder should the Indenture Trustee assume such duties. 

  
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 (e) The Servicer shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, the
Indenture Trustee, the Backup Servicer and their respective officers, directors, employees and agents from and against any and all costs, expenses, losses, claims, damages and liabilities (including reasonable legal fees and expenses) to the extent
that such cost, expense, loss, claim, damage or liability arose out of, or was imposed upon any such Person (i) through any breach of the Servicer’s obligations hereunder and under the other Basic Documents, (ii) the negligence,
willful misfeasance or bad faith of the Servicer (except errors in judgment) in the performance of its duties under this Agreement, (iii) by reason of breach of its representations, warranties, obligations or duties under this Agreement, or
(iv) for any violation of law by the Servicer. 
 (f) Indemnification under this Section 7.03 shall survive the resignation or
removal of the Servicer or the termination of this Agreement with respect to acts of the Servicer prior thereto, and shall include without limitation reasonable fees and expenses of counsel and reasonable expenses of litigation. For purposes of this
Section 7.03, in the event of the termination of the rights and obligations of CRB (or any successor thereto pursuant to Section 7.04) as Servicer pursuant to Section 8.01(a), or the resignation by such Servicer pursuant to
Section 7.07, such Servicer shall be deemed to be the Servicer pending appointment of a successor Servicer (other than the Backup Servicer or the Indenture Trustee) pursuant to Section 8.03 and in the case of the Backup Servicer or the
Indenture Trustee becoming successor Servicer, CRB shall continue to be deemed the Servicer for purposes of the indemnities in this Section 7.03. If the Servicer shall have made any indemnity payments pursuant to this Section 7.03 and the
Person to or on behalf of whom such payments are made thereafter collects any of such amounts from others, such Person shall promptly repay such amounts to the Servicer, without interest. 

(g) Indemnification under this Section 7.03 shall survive the resignation or removal of the Owner Trustee, the Indenture Trustee, the
Backup Servicer or the termination of this Agreement. 
 Section 7.04 Merger or Consolidation of, or Assumption of the Obligations
of, Servicer or Backup Servicer. Any Person (i) into which the Servicer or the Backup Servicer may be merged or consolidated, (ii) resulting from any merger or consolidation to which the Servicer or the Backup Servicer shall be a
party, (iii) that acquires by conveyance, transfer or lease substantially all of the assets of the Servicer or the Backup Servicer or (iv) succeeding to the business of the Servicer or the Backup Servicer, which Person shall execute an
agreement of assumption to perform every obligation of the Servicer or the Backup Servicer, as applicable, under this Agreement and any other Basic Document to which such entity is a party, shall be the successor to the Servicer or the Backup
Servicer, respectively, under this Agreement or any such Basic Document without the execution or filing of any paper or any further act on the part of any of the parties to this Agreement. The Servicer or the Backup Servicer, as applicable, shall
provide notice of any merger, consolidation or succession pursuant to this Section 7.04 to the Owner Trustee, the Indenture Trustee and each Rating Agency. Notwithstanding the foregoing, the Servicer shall not merge or consolidate with any
other Person where it shall not be the survivor thereof or permit any other Person to become a successor to its automobile finance or leasing business unless (i) immediately after giving effect to such transaction, no representation or warranty
made pursuant to Section 7.01 shall have been breached (for purposes hereof, such 

  
 31 

 
representations and warranties shall speak as of the date of the consummation of such transaction) and no event that, after notice or lapse of time or both, would become a Servicer Termination
Event shall have occurred, (ii) the Servicer shall have delivered to the Owner Trustee and the Indenture Trustee an officer’s certificate from a Responsible Officer and an Opinion of Counsel stating that such consolidation, merger or
succession and such agreement of assumption comply with this Section 7.04 and that all conditions precedent provided for in this Agreement relating to such transaction have been complied with, (iii) the Servicer shall have delivered to the
Owner Trustee and the Indenture Trustee an Opinion of Counsel stating that either (A) 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 assets of the Issuer and reciting the details of such filings or (B) no such action shall be necessary to preserve and protect such interest, (iv) such other Person is
an Eligible Servicer and (v) such other Person shall have validly assumed the obligations of the Servicer under the Basic Documents. 

Section 7.05 Limitation on Liability of Servicer, Backup Servicer and Others. 

(a) Neither the Servicer nor any of its respective directors, officers, employees or agents shall be under any liability to the Issuer, the
Depositor, the Indenture Trustee, the Owner Trustee, or the Noteholders, for any action taken or for refraining from the taking of any action pursuant to this Agreement; provided, however, that this provision shall not protect the
Servicer against any liability by reason of willful misfeasance, bad faith or negligence in the performance of its duties nor otherwise alter the indemnification obligations under Section 7.03 hereof. The Servicer, the Backup Servicer and any
director, officer, employee or agent of the Servicer or the Backup Servicer may conclusively rely in good faith on the written advice of counselor on any document of any kind prima facie properly executed and submitted by any Person respecting any
matters arising under this Agreement or any other Basic Document. 
 (b) Should the Indenture Trustee at any time agree to become successor
Servicer hereunder, the parties expressly acknowledge and consent to the Indenture Trustee’s simultaneously acting in the capacity of successor Servicer and Indenture Trustee. The Indenture Trustee may, in such capacities, discharge its
separate functions fully, without hindrance or regard to conflict of interest principles, duty of loyalty principles or other breach of fiduciary duties to the extent that any such conflict or breach arises from the performance by the Indenture
Trustee of express duties set forth in this Agreement in any of such capacities. 
 (c) CSC undertakes to perform only such duties and
obligations as are specifically set forth in this Agreement, it being expressly understood by all parties hereto that there are no implied duties or obligations of CSC hereunder. Without limiting the generality of the foregoing, CSC, except as
expressly set forth herein, shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer. CSC may act through its agents, nominees, attorneys and custodians in performing any of its duties and obligations
under this Agreement but any such appointment shall not release CSC from its obligations and responsibilities hereunder. 
 Notwithstanding
anything contained herein to the contrary, in no event shall CSC be liable for any consequential, incidental or special damages, including, but not limited to damages 

  
 32 

 
for loss of currency, funds, data, profits or goodwill. CSC’s maximum liability for any breach of this Agreement by it in its capacity as Backup Servicer shall not exceed the fees actually
paid to CSC hereunder for the services as Backup Servicer for the 12 month period immediately preceding such breach, provided, however, that the limitations set forth in this Section 7.05 shall not apply to or in any way limit CSC’s
liability arising from the willful misconduct or gross negligence of CSC. It is expressly agreed and acknowledged that CSC is not guaranteeing or insuring the performance of or assuming any liability for the obligations of the other parties hereto
or any of the Receivables. 
 CSC makes no warranty or representation and shall have no responsibility as to the content, enforceability,
completeness, validity, sufficiency, value, genuineness, ownership or transferability of the Receivables, will not be required to and will not make any representations as to the validity or value of any of the Receivables, shall not be responsible
for the eligibility of any Receivable, or, except as is otherwise provided hereunder in the event CSC is then acting as successor Servicer, for the validity, perfection, priority or enforceability of the liens in any of the Receivables, for insuring
the Receivables or for the payment of taxes, charges, assessments or Liens upon the Receivables or otherwise as to the maintenance of the Receivables. 

Section 7.06 Appointment of Subservicer. 

(a) Subject to clause (b) below, the Servicer may at any time reasonably appoint a subservicer in good faith to perform all or any
portion of its obligations as Servicer hereunder. 
 (b) The appointment of a subservicer pursuant to clause (a) above is subject to
the condition that the Servicer remains obligated and liable to the Owner Trustee, the Indenture Trustee and the Noteholders for the servicing and administering of the Receivables in accordance with the provisions hereof without diminution of such
obligation and liability by virtue of the appointment of such subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Conveyed Assets. 

(c) The fees and expenses of any subservicer shall be as agreed between the Servicer and such subservicer from time to time, and none of the
Owner Trustee, the Backup Servicer, the Indenture Trustee, the Issuer or the Noteholders shall have any responsibility therefor. 
 (d) Any
such subservicing agreement shall provide that a successor to the Servicer may at its discretion, upon becoming successor Servicer, either continue or terminate without fee such arrangement. 

Section 7.07 Servicer and Backup Servicer Not to Resign. 

(a) Subject to the provisions of Section 7.04, neither the Servicer nor the Backup Servicer shall resign from the obligations and duties
imposed on it by this Agreement, except upon a determination that the performance of its duties under this Agreement shall no longer be permissible under Applicable Law. 

  
 33 

 (b) Notice of any determination that the performance by the Servicer or the Backup Servicer of
its duties contemplated hereunder is no longer permitted under Applicable Law shall be communicated to the Owner Trustee and the Indenture Trustee at the earliest practicable time (and, if such communication is not in writing, shall be confirmed in
writing at the earliest practicable time) and any such determination shall be evidenced by an Opinion of Counsel to such effect delivered by the Servicer or the Backup Servicer to the Owner Trustee and the Indenture Trustee concurrently with or
promptly after such notice. Except as may otherwise be required by Applicable Law, no resignation of the Servicer or the Backup Servicer shall become effective until a successor acceptable to the Noteholders representing a majority of the Note
Balance of the Outstanding Notes of the Controlling Class shall have assumed the responsibilities and obligations of such Person in accordance with Section 8.03. If no successor has been appointed within thirty (30) days of resignation or
removal, the Noteholders representing a majority of the Note Balance of the Outstanding Notes of the Controlling Class may petition any court of competent jurisdiction for such appointment. 

Section 7.08 CRB May Own Notes. CRB and any Affiliate thereof 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 Servicer, except as expressly provided herein or in any Basic Document. 

ARTICLE VIII 
 DEFAULT 

Section 8.01 Servicer Termination Events. 

(a) For purposes of this Agreement, the occurrence and continuance of any of the following shall constitute a “Servicer Termination
Event”: 
 (i) failure by the Servicer to deposit into the Collection Account any proceeds or any payment required
to be so delivered under the terms of this Agreement that continues unremedied for a period of two (2) Business Days; 

(ii) any representation or warranty made or deemed made by or on behalf of the Servicer in or in connection with this
Agreement, the other Basic Documents or any amendment or modification hereof or thereof, or in any report, certificate, financial statement or other document furnished pursuant to or in connection herewith or therewith or any amendment or
modification hereof or thereof, shall prove to have been incorrect when made or deemed made and the circumstance or condition in respect of which such representation or warranty was incorrect shall not have been eliminated or otherwise cured for a
period of thirty (30) days; 
 (iii) failure by the Servicer to deliver to the Owner Trustee, the Indenture Trustee, and
the Seller the Servicer’s Monthly Certificate by the applicable Determination Date, which failure continues unremedied for a period of five (5) Business Days; 

(iv) failure on the part of the Servicer duly to observe or perform any other covenants or agreements of the Servicer set forth
in this Agreement, which failure 

  
 34 

 
(i) could materially and adversely affect the rights of the Noteholders and (ii) continues unremedied for a period of thirty (30) days after: (A) the date of discovery of such
failure by a Responsible Officer of the Servicer; (B) the date on which the Servicer should reasonably have been aware of such failure; or (C) written notice of such failure requiring the same to be remedied shall have been given to the
Servicer by any of the Owner Trustee, the Indenture Trustee or the Noteholders holding at least 25% of the Note Balance of the Outstanding Notes of the Controlling Class; 

(v) the Servicer shall cease to be an Eligible Servicer; 

(vi) an Insolvency Event shall occur with respect to the Servicer; 

(vii) the Servicer has assigned or delegated any of its obligations under this Agreement or any Basic Document other than
(A) in accordance with the terms herein and/or therein, as applicable, or (B) pursuant to the written consent of Noteholders holding at least a majority of the Note Balance of the Outstanding Notes of the Controlling Class; or 

(viii) the Servicer has failed to obtain or maintain all licenses and approvals necessary for the conduct of its business in
the jurisdictions where the failure to do so could reasonably be expected to have a material adverse effect on the Issuer or the Noteholders. 

Section 8.02 Consequences of a Servicer Termination Event. 

(a) Following a Servicer Termination Event the Indenture Trustee may, or, at the written direction of Noteholders holding a majority of the
Note Balance of the Outstanding Notes of the Controlling Class, shall, terminate all of the rights and obligations of the Servicer under this Agreement by notice in writing to the Servicer, each Rating Agency and the Noteholders. On or after the
receipt by the Servicer of such written notice, all authority, power, obligations and responsibilities of the Servicer under this Agreement automatically shall pass to, be vested in and become obligations and responsibilities of, either the Backup
Servicer (if the Backup Servicer becomes the successor Servicer pursuant to Section 8.03) or the successor Servicer appointed pursuant to Section 8.03; provided, however, that such successor Servicer shall have no liability
with respect to any obligation that was required to be performed by the terminated Servicer prior to the date that such successor Servicer becomes the Servicer or any claim of a third party based on any alleged action or inaction of the terminated
Servicer. As soon as practicable after the declaration of a Servicer Termination Event, the Indenture Trustee shall notify the Backup Servicer thereof and in any event shall notify the Backup Servicer of any notice by the Indenture Trustee to, or
direction to the Indenture Trustee from, Noteholders regarding a Servicer Termination Event. 
 (b) The successor Servicer is authorized and
empowered by this Agreement to execute and deliver, on behalf of the terminated Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments and to do or accomplish all other acts or things necessary or appropriate to
effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivables, and related documents to show the 

  
 35 

 
Indenture Trustee (or the Issuer if the Notes have been Paid In Full) as lienholder or secured party on the related certificates of title of the Financed Vehicles or otherwise. The terminated
Servicer agrees to cooperate with the successor Servicer and with the Indenture Trustee in effecting the termination of the responsibilities and rights of the terminated Servicer under this Agreement, including (i) the transfer to the successor
Servicer for administration by it of all money and property held by the terminated Servicer with respect to the Receivables and other records relating to the Receivables, including any portion of any Receivable File, held by the terminated Servicer
and a reasonably current computer tape or other electronic storage device containing in readable form all information necessary to enable the successor Servicer to service the Receivables, (ii) the prompt transfer of any remaining amounts
relating to Receivables in the possession of the Servicer to the Indenture Trustee, (iii) the notification of existing Obligors of the new address for payment, and (iv) the prompt remittance of any future amounts received by the Servicer
with respect to Receivables to the successor. The terminated Servicer shall also provide the successor Servicer access to personnel and computer records of such terminated Person in order to facilitate the orderly and efficient transfer of servicing
duties. 
 Section 8.03 Appointment of Successor Servicer. 

(a) On and after the time the Servicer receives a notice of termination pursuant to Section 8.02 or upon the resignation of the Servicer
pursuant to Section 7.07, the Backup Servicer (or under the circumstances provided in Section 8.03(b), a successor Servicer other than the Backup Servicer, upon acceptance of appointment as Servicer in case of such a successor Servicer
other than the Backup Servicer), the Backup Servicer or other successor Servicer, as the case may be, shall be the successor in all respects to the Servicer in its capacity as Servicer under this Agreement and shall be subject to all the rights,
responsibilities, restrictions, duties, liabilities and termination provisions relating to the Servicer except as otherwise stated herein. Each party hereto shall take such action, consistent with this Agreement, as shall be necessary to effectuate
any such succession. If such a successor is acting as Servicer, it shall be subject to termination under Section 8.01(a) upon the occurrence of any Servicer Termination Event after its appointment as successor Servicer. 

(b) If (i) the Controlling Class does not desire that the Backup Servicer or the appointed successor Servicer act as Servicer or
(ii) the Backup Servicer or the appointed successor Servicer is legally unable to act, or, in the case of a successor other than the Backup Servicer, shall choose not to act as Servicer, Noteholders holding a majority of the Note Balance of the
Outstanding Notes of the Controlling Class may exercise at any time the right to direct the appointment of any Eligible Servicer as the successor to the Servicer, and shall have no liability to the Owner Trustee, the Indenture Trustee, the Servicer,
the Depositor, any Noteholders or any other Person if it does so. Notwithstanding the above, if the Controlling Class does not act, the Servicer, the Indenture Trustee, the Owner Trustee or Noteholders evidencing at least 25% of the Note Balance of
the Outstanding Notes may petition a court of competent jurisdiction to appoint any Eligible Servicer as the successor to the Servicer, provided that for purposes of computing the foregoing percentage, any Notes held by CRB or any of its
Affiliates shall be disregarded. Pending appointment pursuant to the preceding sentence, the outgoing Servicer shall continue to act as Servicer until a successor has been appointed and accepted such appointment. The Indenture Trustee shall withdraw
from the Collection Account and remit to the successor Servicer or such other party entitled thereto all reasonably incurred Servicer transition costs. 

(c) Upon appointment, the successor Servicer shall be the successor in all respects to its predecessor and shall be subject to all the
responsibilities, duties and liabilities arising thereafter relating thereto placed on its predecessor, and shall be entitled to the Servicing Fee as and to the extent provided for in this Agreement and all the rights granted to the predecessor in
such capacity by the terms and provisions of this Agreement and any other applicable Basic Document. 

  
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 Section 8.04 Notification to Noteholders. Upon any termination of, or appointment of
a successor to, the Servicer pursuant to this Article VIII, the Indenture Trustee shall give prompt written notice thereof to the Noteholders and each Rating Agency. 

Section 8.05 Waiver of Past Defaults. The Noteholders holding a majority of the Note Balance of the Outstanding Notes of the
Controlling Class may, on behalf of all Noteholders, waive in writing any default by the Servicer. Upon any such waiver of a past default, such default shall cease to exist, and any Servicer Termination Event arising therefrom shall be deemed to
have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto. 

ARTICLE IX 
 TERMINATION 

Section 9.01 Optional Purchase of All Conveyed Assets. 

(a) The Servicer shall have the right at its option (the “Optional Purchase”) to purchase the trust estate (other than the
Reserve Account) from the Issuer on any Payment Date if: 
 (i) both of the following conditions are satisfied: (a) as
of the last day of the related Collection Period, the Pool Balance has declined to 10% or less of the Cutoff Date Pool Balance and (b) the sum of the Optional Purchase Price and Available Funds for such Payment Date would be sufficient to pay
(x) the amounts required to be paid under clauses first through seventh and tenth of Section 5.04(a) (assuming that such Payment Date is not a Redemption Date) and (y) the Note Balance (after giving effect to the payments described in
the preceding clause (x)). The purchase price for the trust estate (other than the Reserve Account) (the “Optional Purchase Price”) shall equal the Pool Balance as of the last day of the related Collection Period plus interest
accrued but unpaid through the last day of such Collection Period, which amount shall be deposited by the Servicer into the Collection Account on the Redemption Date. 

(ii) the sum of the amounts in the Reserve Account and the Available Funds, after the payments under clauses first through
seventh and tenth of Section 5.04(a), are sufficient to pay in full the aggregate Note Balance and all accrued and unpaid fees and other expenses due to the Owner Trustee, the Indenture Trustee and the Administrator under the Basic Documents;
on such Payment Date, the Indenture Trustee, upon written direction from the Servicer, shall transfer all amounts on deposit in the Reserve Account to the Collection Account and the Notes shall be redeemed in whole, but not in part. 

  
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 If the Servicer exercises the Optional Purchase, the Notes shall be redeemed in whole but not in
part on the related Payment Date for the Redemption Price. The obligations of the Servicer under this Agreement, except pursuant to Article VII, shall terminate upon the purchase of the Receivables by the Servicer under this Section 9.01(a).

 (b) Following the satisfaction and discharge of the Indenture and where principal of and interest on the Notes have been Paid In Full,
the Owner Trustee will succeed to the rights of the Indenture Trustee pursuant to this Agreement. Notwithstanding the satisfaction and discharge of the Indenture and the Paid In Full of the Notes, the Servicer shall continue to perform its
obligations under this Agreement until the earlier of (a) exercise by the Servicer of its Optional Purchase right under Section 9.01(a) of this Agreement, or (b) repayment in full or liquidation of the last of the Receivables. 

Section 9.02 Termination. Notwithstanding anything in this Agreement to the contrary, this Agreement shall terminate upon the
earliest to occur of (i) the maturity or liquidation of the latest maturing Receivable and the disposition of any amounts received thereon in accordance with Section 5.04, (ii) the payment to the Holders of the Notes and the
Certificates of all amounts required to be paid to them under the Basic Documents and (iii) the exercise by the Servicer of its rights under Section 9.01(a), the deposit into the Collection Account by the Servicer of the amount required to
be deposited therein in accordance with Section 9.01(a) and the application of such amounts in accordance with Section 5.04. 

ARTICLE X 
 MISCELLANEOUS 

Section 10.01 Amendment. 

(a) It shall be a condition to the execution and delivery of any amendment to be entered into under this Section 10.01 that the Rating
Agency Condition be satisfied with respect to such amendment. In no event may this Agreement be amended in any way that would (i) materially and adversely affect the Owner Trustee’s or the Indenture Trustee’s, as applicable, own
rights, privileges, indemnities, duties or obligations under this Agreement, the other Basic Documents or otherwise without the prior written consent of such Person; or (ii) significantly change the permitted activities or powers of the Issuer
even if such amendment would not have an adverse effect on the Holders of the Notes, without the consent of the Holders of at least a majority of the Note Balance of the Outstanding Notes 

(b) This Agreement may be amended from time to time by the parties hereto with the consent of Noteholders holding a majority of the Note
Balance of the Outstanding Notes of the Controlling Class for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders;
provided, however, that this Agreement may be amended without the consent of the Noteholders to cure any ambiguity, to correct or supplement any provision hereof that may be defective or inconsistent with any other provision of this
Agreement, to add or supplement any credit enhancement arrangement or to add any covenants, restrictions or obligations of the parties to this Agreement, or to make other changes that, pursuant to an Opinion of Counsel, do

  
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not have a material and adverse effect on the interests of the Noteholders nor increase or reduce in any manner the amount of, or accelerate or delay the timing of collections on the Receivables
or payments that are to be made hereunder for the benefit of the Noteholders. 
 (c) Promptly after the execution of any amendment or
consent, the Administrator shall furnish written notification of the substance of such amendment or consent to each Noteholder, the Indenture Trustee and each Rating Agency. 

(d) Prior to the execution of any amendment to this Agreement, the Owner Trustee, on behalf of the Issuer, and the Indenture Trustee shall be
entitled to receive and rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement. The Owner Trustee, on behalf of the Issuer, and the Indenture Trustee may, but shall not be obligated
to, enter into any such amendment that affects the Owner Trustee’s or the Indenture Trustee’s, as applicable, own rights, duties or immunities under this Agreement or otherwise. 

(e) No amendment may increase or reduce in any manner the amount of, or accelerate or delay the timing of, collections on payments on the
Receivables or payments that are required to be made for the benefit of the Noteholders without the consent of each Noteholder. 

Section 10.02 Protection of Title to Trust. 

(a) CRB, as initial Servicer, shall execute and file such financing statements and cause to be executed and filed such continuation
statements, or take such other actions all in such a manner and in such places as may be required by law or as shall be necessary to fully preserve, maintain and protect the interest of the Issuer and the Indenture Trustee in the Collateral and the
proceeds thereof. The Issuer hereby authorizes the filing of financing statements describing as the collateral covered thereby “all assets of the debtor, including all personal property of the debtor” or words to that effect, and any
limitations on such collateral description, notwithstanding that such collateral description may be broader in scope than the Conveyed Assets described in this Agreement. All financing statements filed or to be filed against in connection with this
Agreement describing the Collateral shall contain a statement to the following effect: “A purchase of, or grant of a security interest in, any of the collateral covered by this financing statement will violate the rights of the secured
party.” The Servicer shall deliver or cause to be delivered to the Owner Trustee and the Indenture Trustee file-stamped copies of, or filing receipts for, any document filed as provided above as soon as available following such filing. 

(b) Neither the Depositor, Seller, nor the Servicer shall change its name, identity or limited liability company or corporate structure, as
applicable, in any manner that would, could or might make any financing statement or continuation statement filed in accordance with paragraph (a) above seriously misleading under Section 9-506 or 9-507 of the UCC, unless it shall have
given the Owner Trustee and the Indenture Trustee at least forty-five (45) days’ prior written notice thereof and shall have promptly filed appropriate amendments to all previously filed financing statements or continuation statements.

  
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 (c) Each of the Depositor, the Issuer and CRB shall have an obligation to give the Owner Trustee
and the Indenture Trustee at least thirty (30) Business Days’ prior written notice of any relocation of its principal executive office if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any
amendment of any previously filed financing or continuation statement or of any new financing statement, and shall promptly file any such amendment or new financing statement. The Servicer shall at all times maintain each office from which it shall
service Receivables, and its principal executive office, within the United States (other than the State of Louisiana). 
 (d) The Servicer
shall maintain accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at any time the status of each such Receivable, including payments and recoveries made and payments owing
(and the nature of each) and (ii) reconciliation between payments or recoveries on or with respect to each such Receivable and the amounts from time to time deposited in the Collection Account in respect of each such Receivable. 

(e) Each of the Servicer and the Depositor shall maintain its computer systems so that, from and after the time of sale of the Receivables
under this Agreement, its master computer records (including any backup archives) that refer to a Receivable shall be coded to reflect that such Receivable is part of the portfolio of Receivables that is the subject of this Agreement and is held by
the Indenture Trustee for California Republic Auto Receivables Trust 2013-2. Indication of such inclusion of a Receivable in the portfolio shall be deleted from or modified on its computer systems when, and only when, the related Receivable shall
have been paid in full or repurchased or reallocated, as the case may be. 
 (f) If at any time the Depositor or CRB shall propose to sell,
grant a security interest in or otherwise transfer any interest in any motor vehicle retail installment sale contract or installment loan to any prospective purchaser, lender or other transferee, and provides such prospective purchaser, lender or
other transferee, if any, any computer tapes, records or printouts (including any restored from backup archives) that refer in any manner whatsoever to any Receivable, such computer tapes, records or printouts (including any restored from backup
archives) shall indicate clearly that such Receivable has been sold and is owned by the Issuer and has been pledged to the Indenture Trustee. 

(g) The Servicer shall permit the Indenture Trustee, the Owner Trustee and their agents and accountants upon reasonable notice and in a
reasonable manner at any time during normal business hours, to inspect, audit and make copies of and abstracts from the Servicer’s records regarding any Receivable. 

(h) Upon request, the Servicer shall furnish to the Owner Trustee or the Indenture Trustee, within five (5) Business Days, a list of all
Receivables (by Contract number and name of Obligor) then held as part of the Issuer, together with a reconciliation of such list to the Schedule of Receivables furnished prior to such request indicating removal of Conveyed Assets from the Trust.

 Section 10.03 Notices. All demands, notices, communications and instructions upon or to the Depositor, the Servicer, the
Issuer, the Owner Trustee, the Indenture Trustee or any Rating 

  
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Agency under this Agreement shall be in writing, personally delivered, faxed and followed by first class mail, or mailed by certified mail, return receipt requested, and shall be deemed to have
been duly given upon receipt: 
 (a) in the case of the Depositor, to: 

California Republic Funding, LLC 

18400 Von Karman, Suite 1100 

Irvine, California 92612 

Attention: General Counsel 

Facsimile No. (949) 270-9799 

with a copy to 
 California
Republic Bank 
 18400 Von Karman, Suite 1100 

Irvine, California 92612 

Attention: General Counsel 

Facsimile No. (949) 270-9799 

(b) in the case of the Servicer, the Administrator and Custodian, to: 

California Republic Bank 
 18400
Von Karman, Suite 1100 
 Irvine, California 92612 

Attention: General Counsel 

Facsimile No. (614) 480-5404; 

(c) in the case of Indenture Trustee, to the applicable Corporate Trust Office; 

(d) in the case of the Issuer or the Owner Trustee, to: 

Wilmington Trust, National Association 

Rodney Square North 
 1100 North
Market Street 
 Wilmington, Delaware 19890 

Attention: Corporate Trust Administration 

Facsimile No. (302) 651-8882; 

(e) in the case of the Backup Servicer, to: 

CSC Logic, Inc. 
 8616 Freeport
Parkway, Suite 2B 
 Irving, Texas 75063 

Attention: Legal 

  
 41 

 (f) in the case of DBRS, to: 

DBRS, Inc. 
 140 Broadway 

New York, New York 10005 
 Fax
number: (212) 806-3201 
 abs_surveillance@dbrs.com; and 

(f) in the case of Moody’s to: 

Moody’s Investors Service, Inc. 

Seven World Trade Center 
 New
York, New York 10007 
 servicerreports@moody’s.com 

or, as to each of the foregoing, at such other address as shall be designated by written notice to the other parties. 

Section 10.04 Assignment by the Depositor or the Servicer. Notwithstanding anything to the contrary contained herein, except as
provided in Section 7.04 herein and as provided in the provisions of this Agreement concerning the resignation of the Servicer, this Agreement may not be assigned by the Depositor or the Servicer without the prior written consent of the
Indenture Trustee, the Owner Trustee and Holders of Notes evidencing at least 66 2/3% of the Note Balance of the Controlling Class. 

Section 10.05 Limitations on Rights of Others. The provisions of this Agreement are solely for the benefit of the Seller, the
Servicer, the Depositor, the Issuer, the Owner Trustee, the Indenture Trustee and the Noteholders and their successor and assigns, 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 Collateral or under or in respect of this Agreement or any covenants, conditions or provisions contained herein. 

Section 10.06 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 10.07 Counterparts. This Agreement may be executed by the
parties hereto in any number of counterparts including by facsimile or other electronic transmission each of which when so executed and delivered shall be an original, but all of which shall together constitute but one and the same instrument. 

Section 10.08 Headings and Cross-References. The various headings in this Agreement are included for convenience only and shall
not affect the meaning or interpretation of any provision of this Agreement. References in this Agreement to Section names or numbers are to such Sections of this Agreement unless stated otherwise. 

Section 10.09 Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT 

  
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GIVING EFFECT TO THE CHOICE OF LAW PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), AND THE
OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 10.10
Submission to Jurisdiction. Each of the parties hereto hereby irrevocably and unconditionally: 
 (a) submits for itself and its
property in any legal action 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 action may be brought in such courts and waives any objection that it may now or hereafter have to the venue of
such action in any such court or that such action was brought in an inconvenient court and agrees not to plead or claim the same; and 
 (c)
waives, to the fullest extent permitted by Applicable Law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 

Section 10.11 No Partnership or Joint Venture. Nothing herein contained shall constitute a partnership between or joint venture by
the parties hereto or constitute either party the agent of the other. No party shall hold itself out contrary to the terms of this Section nor become liable by any representation, act or omission of the other contrary to the provisions hereof. This
Agreement is not for the benefit of any third party and shall not be deemed to give any right or remedy to any such party whether referred to herein or not. 

Section 10.12 Confidential Information. The Issuer agrees that it will neither use nor disclose to any Person names and addresses
of the Obligors or any other personally identifiable information of an Obligor, except in connection with the enforcement of the Issuer’s rights hereunder, under the Receivables, under the Receivables Purchase Agreement, or any other Basic
Document, or as required by any of the foregoing or by law. 
 Section 10.13 Assignment by the Issuer. The Seller and the
Depositor each hereby acknowledges, agrees and consents to any transfer (including any assignment, mortgage, pledge and grant of a security interest by the Issuer) to the Indenture Trustee and the Noteholders in accordance with the terms of the
Indenture for the benefit of the Noteholders of all right, title and interest of the Issuer in, to and under the Collateral or the assignment of any or all of the Issuer’s rights and obligations hereunder and the other Basic Documents to the
Indenture Trustee and hereby agree that the Indenture Trustee may enforce the rights of the Issuer as if it were a party hereto. 

Section 10.14 Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, the parties hereto shall not, prior
to the date that is one year and one day after the 

  
 43 

 
Notes have been Paid In Full, acquiesce, petition or otherwise invoke or cause the Issuer, the Seller, or the Depositor to invoke the process of any court or government authority for the purpose
of commencing or sustaining an involuntary case against the Issuer, the Seller, or the Depositor under any federal or State bankruptcy, insolvency or similar law, or appointing a receiver, liquidator, assignee, trustee, custodian, sequestrator or
other similar official of the Issuer, the Seller, or the Depositor or any substantial part of its property or ordering the winding up or liquidation of the affairs of the Issuer, or the Seller, or the Depositor. 

Section 10.15 Limitation of Liability of Owner Trustee and Indenture Trustee. 

(a) Notwithstanding anything contained herein to the contrary, this Agreement has been countersigned by Wilmington Trust, National Association
not in its individual capacity but solely in its capacity as Owner Trustee of the Issuer and in no event shall Wilmington Trust, National Association in its individual capacity or, except as expressly provided in the Trust Agreement, as Owner
Trustee of the Issuer, have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which
recourse shall be had solely to the assets of the Issuer in accordance with the priorities set forth herein. For all purposes of this Agreement, in the performance of its duties or obligations hereunder or in the performance of any duties or
obligations of the Issuer hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII and VIII of the Trust Agreement. 

(b) Notwithstanding anything contained herein to the contrary, this Agreement has been accepted by Deutsche Bank Trust Company Americas, not
in its individual capacity but solely as Indenture Trustee, and in no event shall Deutsche Bank Trust Company Americas have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or in
any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer in accordance with the priorities set forth herein. 

(c) The parties hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act Deutsche Bank Trust Company Americas and
CRB, like all financial institutions and in order to help fight the funding of terrorism and money laundering, are required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or
opens an account. The parties to this Agreement agree that they will provide Deutsche Bank Trust Company Americas and CRB, as the case may be, with such information as either may request in order for Deutsche Bank Trust Company Americas and CRB to
satisfy the requirements of the USA PATRIOT Act. 

  
 44 

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

			
	CALIFORNIA REPUBLIC FUNDING, LLC
		
	By:	 	  

		 	Name:
		 	Title:
	
	CALIFORNIA REPUBLIC BANK
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
the Sale and Servicing Agreement] 

 
			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	 not in its individual capacity,
 but
solely as Indenture Trustee

		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
the Sale and Servicing Agreement] 

 
					
	CALIFORNIA REPUBLIC AUTO RECEIVABLES 2013-2
		
	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION,
		 	 not in its individual capacity,

but solely as Owner Trustee

			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

  
 [Signature Page to
the Sale and Servicing Agreement] 

 
			
	 CSC LOGIC, INC.,

	as Backup Servicer
		
	By:	 	  

		 	Name:
		 	Title:

  
 [Signature Page to
the Sale and Servicing Agreement] 

 EXHIBIT A 

LOCATION OF RECEIVABLE FILES 
 California
Republic Bank 
 18400 Von Karman, Suite 1100 
 Irvine,
California 92612 

 EXHIBIT B-1 

FORM OF SERVICER’S MONTHLY CERTIFICATE 

PURSUANT TO SECTION 4.09 OF THE SALE AND SERVICING AGREEMENT 

[Determination Date] 
 This
Servicer’s Monthly Certificate is delivered in connection with the sale by California Republic Bank, a California corporation licensed authorized to transact a banking business (the “Company”) to California Republic Auto
Receivables Trust 2013-2 (the “Issuer”) of the Depositor Conveyed Assets pursuant to a sale and servicing agreement dated as of November 1, 2013 (the “Sale and Servicing Agreement”) by and among the Issuer, the
Company, CRB, and Deutsche Bank Trust Company Americas as indenture trustee (the “Indenture Trustee”). All capitalized terms used but not defined herein shall have the meaning assigned thereto in the Sale and Servicing Agreement.

 The undersigned, a Responsible Officer of the Company, hereby certifies that: 

(i) No Event of Default, Servicer Termination Event has occurred and is continuing; and 

(ii) The information contained in Annex A and Annex B, attached hereto, is complete and accurate and among other
things, contains all information necessary to make the payments to be made on this Payment Date pursuant to Section 5.04 of the Sale and Servicing Agreement for this Collection Period. 

IN WITNESS WHEREOF, the undersigned, in my capacity as a Responsible Officer of the Company as specified below, has caused this certificate to
be executed as of the date first above written. 
  

	
	  

	Name:
	Title:

 Annex A 

[EXCEL Spread Sheet Attached] 

Annex B 
 [Copies of
collateral schedules to be attached] 

 EXHIBIT B-2 

FORM OF SERVICER’S ANNUAL CERTIFICATION 

PURSUANT TO SECTION 4.10 OF THE SALE AND SERVICING AGREEMENT 

[DATE] 
 This Servicer’s
Annual Certification is delivered pursuant to a sale and servicing agreement dated as of November 1, 2013 (the “Sale and Servicing Agreement”) by and among, California Republic Auto Receivables Trust 2013-2, California Republic
Funding, LLC, California Republic Bank, as Servicer (in such capacity, the “Servicer”), and Deutsche Bank Trust Company Americas, as indenture trustee (the “Indenture Trustee”). All capitalized terms used but not
defined herein shall have the meaning assigned thereto in Appendix A to the Sale and Servicing Agreement. 
 The undersigned, a Responsible
Officer of the Servicer, hereby certifies that: 
 1. A review of the activities of the Servicer and of the performance of their respective
obligations under the Sale and Servicing Agreement during the period from [            ], 20[    ] to and including December 31, 20[    ] (the
“Review Period”) was conducted under my supervision. 
 2. Based on my knowledge and such review, except as otherwise
disclosed pursuant to paragraph 3 below, the Servicer has fulfilled its obligations under the Sale and Servicing Agreement during the applicable Review Period and there is no significant deficiency known by me with respect to the applicable Review
Period which has not been disclosed herein. 
 3. Based on such review, to my knowledge, the following is a description of each significant
deficiency during the Review Period in the performance of the Servicer’s obligations under the provisions of the Sale and Servicing Agreement, which sets forth in detail (i) the nature and status of each such deficiency and (ii) the
action taken by the Servicer, if any, to remedy each such deficiency: [List Out] 
 4. I have reviewed all distribution or servicing reports
(the “Reports”) delivered by the Servicer in respect of periods included in the Review Period. 
 5. Based on my knowledge,
the information in these Reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made,
not misleading as of the last day of the applicable Review Period. 
 6. Based on my knowledge, the distribution or servicing information
required to be provided to the Owner Trustee, Indenture Trustee and each Rating Agency by the Servicer under the Sale and Servicing Agreement for inclusion in these Reports is included in these Reports. 

 7. I am responsible for reviewing the activities performed by the Servicer under the Sale and
Servicing Agreement and based upon my knowledge and review, and except as disclosed in this certificate or otherwise in writing, has fulfilled their respective obligations under the Sale and Servicing Agreement. 

8. To my knowledge, the Servicer has provided all of the reports and certificates required under the Sale and Servicing Agreement to the
parties to which such reports and certificates are required to be provided with respect to the applicable Review Period. 
 [SIGNATURE
APPEARS ON NEXT PAGE] 

 IN WITNESS WHEREOF, the undersigned, in my capacity as specified below, has caused this
certificate to be executed as of the date first above written. 
  

											
		 	Dated:	 	  
	 		 		 	  

		 		 		 		 		 	Name:
		 		 		 		 		 	Title:

 EXHIBIT B-3 

FORM OF SERVICER’S SARBANES-OXLEY ACT CERTIFICATION 

Re: California Republic Bank Auto Receivables Trust 2013-2 

I, [                    ], certify that: 

1. I have reviewed this report on Form 10-K and all reports on Form 10-D required to be filed in respect of the period covered by this report
on Form 10-K of California Republic Bank Auto Receivables Trust 2013-2 (the “Exchange Act periodic reports”); 
 2. Based on my
knowledge, the Exchange Act periodic reports, taken as a whole, do not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report; 
 3. Based on my knowledge, all of the distribution, servicing
and other information required to be provided under Form 10-D for the period covered by this report is included in the Exchange Act periodic reports; 

4. I am responsible for reviewing the activities performed by the servicers and based on my knowledge and the compliance reviews conducted in
preparing the servicer compliance statements required in this report under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the servicers have fulfilled their obligations under the servicing agreements
in all material respects; and 
 5. All of the reports on assessment of compliance with servicing criteria for asset-backed securities and
their related attestation reports on assessment of compliance with servicing criteria for asset-backed securities required to be included in this report in accordance with Item 1122 of Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have
been included as an exhibit to this report, except as otherwise disclosed in this report. Any material instances of noncompliance described in such reports have been disclosed in this report on Form 10-K. 

In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties:
[                    ] 
  

									
	Date: [                    ]	 		 		 		 	
		 		 		 	By:	 	  

					
		 		 		 	Name:	 	  

					
		 		 		 	Title:	 	  

 SCHEDULE A 

SCHEDULE OF RECEIVABLES 
 [On file
with the Servicer and the Backup Servicer] 

 SCHEDULE B 

Part I. Form 10-D Disclosure Items 
  

			
	FORM 10-D DISCLOSURE ITEMS
		
	 Item on Form 10-D
	  	 Responsible Party

		
	Item 1: Distribution and Pool Performance Information	  	
		
	Information included in the Monthly Investor Report	  	 Servicer

Administrator

		
	Any information required by 1121 which is NOT included on the Monthly Investor Report	  	Depositor
		
	 Item 2: Legal Proceedings
  

•      Any legal Proceeding pending against the following entities or their
respective property, that is material to Certificateholders, including any Proceeding known to be contemplated by governmental authorities:
	  	
		
	 •      Issuing Entity (Trust Fund)
	  	Depositor
		
	 •      Sponsor (Seller)
	  	Seller (if a party to the Sales and Servicing Agreement) or Depositor
		
	 •      Depositor
	  	Depositor
		
	 •      Indenture Trustee
	  	Indenture Trustee
		
	 •      Administrator
	  	Administrator
		
	 •      Servicer
	  	Servicer
		
	 •      Owner Trustee
	  	Owner Trustee
		
	 •      1110(b) Originator
	  	Depositor
		
	 •    Any 1108(a)(2) Servicer (other than the Servicer or Administrator)
	  	Depositor
		
	 •      Any other party contemplated by 1100(d)(1)
	  	Depositor
		
	 Item 3: Sale of Securities and Use of Proceeds
  

Information from Item 2(a) of Part II of Form 10-Q
  

With respect to any sale of securities by the sponsor, depositor or issuing entity, that are backed by the same asset pool or are otherwise issued by the
issuing entity, whether or not registered, provide the sales and use of proceeds information in Item 701 of Regulation S-K. Pricing information can be omitted if securities were not registered.
	  	Depositor
		
	 Item 4: Defaults Upon Senior Securities
  

Information from Item 3 of Part II of Form 10-Q
  

Report the occurrence of any Event of Default (after expiration of any grace period and provision of any required notice)
	  	Administrator
		
	 Item 5: Submission of Matters to a Vote of Security Holders

 
 Information from Item 4 of Part II of Form 10-Q
	  	 Administrator

Indenture Trustee

			
	FORM 10-D DISCLOSURE ITEMS (continued)
		
	 Item on Form 10-D
	  	 Responsible Party

		
	 Item 6: Significant Obligors of Pool Assets
  

Item 1112(b) – Significant Obligor Financial Information*
	  	Depositor
		
	 *  This information need only be reported on the Form 10-D for the distribution period in which updated information is
required pursuant to the Item.
	  	
		
	 Item 7: Significant Enhancement Provider Information
  

Item 1114(b)(2) – Credit Enhancement Provider Financial Information*
	  	
		
	 •      Determining applicable disclosure threshold
	  	Depositor
		
	 •      Requesting required financial information (including any required accountants’ consent
to the use thereof) or effecting incorporation by reference
	  	Depositor
		
	Item 1115(b) – Derivative Counterparty Financial Information*	  	
		
	 •      Determining current maximum probable exposure
	  	Depositor
		
	 •      Determining current significance percentage
	  	Depositor
		
	 •      Requesting required financial information (including any required accountants’ consent
to the use thereof) or effecting incorporation by reference
	  	Depositor
		
	 *  This information need only be reported on the Form 10-D for the distribution period in which updated information is
required pursuant to the Items.
	  	
		
	 Item 8: Other Information
  

Disclose any information required to be reported on Form 8-K during the period covered by the Form 10-D but not reported
	  	Any party responsible for the applicable Form 8-K Disclosure item
		
	Item 9: Exhibits	  	
		
	Monthly Statement to Certificateholders	  	Administrator
		
	Exhibits required by Item 601 of Regulation S-K, such as material agreements	  	Depositor

 Part II. Form 8-K Reportable Events 
  

			
	FORM 8-K REPORTABLE EVENTS
		
	 Item on Form 8-K
	  	 Responsible Party

		
	 Item 1.01- Entry into a Material Definitive Agreement
  

Disclosure is required regarding entry into or amendment of any definitive agreement that is material to the securitization, even if depositor is not a
party.
  
 Examples: servicing agreement, custodial agreement.

 
 Note: disclosure not required as to definitive agreements that are fully disclosed in the
prospectus.
	  	All parties as to themselves
		
	 Item 1.02- Termination of a Material Definitive Agreement

 
 Disclosure is required regarding termination of any definitive agreement that is material
to the securitization (other than expiration in accordance with its terms), even if depositor is not a party.
  

Examples: servicing agreement, custodial agreement.
	  	All parties as to themselves
		
	 Item 1.03- Bankruptcy or Receivership
  

Disclosure is required regarding the bankruptcy or receivership, with respect to any of the following:
	  	Depositor
		
	 •      Sponsor (Seller)
	  	Depositor/Sponsor (Seller)
		
	 •      Depositor
	  	Depositor
		
	 •      Servicer
	  	Servicer
		
	 •      Affiliated Servicer
	  	Servicer
		
	 •      Other Servicer servicing 20% or more of the pool assets at the time of the report
	  	Servicer
		
	 •      Other material servicers
	  	Servicer
		
	 •      Indenture Trustee
	  	Indenture Trustee
		
	 •      Administrator
	  	Administrator
		
	 •      Significant Obligor
	  	Depositor
		
	 •      Credit Enhancer (10% or more)
	  	Depositor
		
	 •      Derivative Counterparty
	  	Depositor
		
	 •      Owner Trustee
	  	Owner Trustee
		
	 Item 2.04- Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement
  
 Includes an early amortization, performance trigger or other event,
including event of default, that would materially alter the payment priority/distribution of cash flows/amortization schedule.
  

Disclosure will be made of events other than waterfall triggers which are disclosed in the monthly statements to the certificateholders.
	  	 Depositor
 Servicer

Administrator

			
	FORM 8-K REPORTABLE EVENTS (continued)
		
	 Item on Form 8-K
	  	 Responsible Party

		
	 Item 3.03- Material Modification to Rights of Security Holders

 
 Disclosure is required of any material modification to documents defining the rights of
Certificateholders, including the Pooling and Servicing Agreement.
	  	 Administrator
 Indenture Trustee

Depositor

		
	 Item 5.03- Amendments of Articles of Incorporation or Bylaws; Change of Fiscal Year

 
 Disclosure is required of any amendment “to the governing documents of the issuing
entity”.
	  	Depositor
		
	Item 6.01- ABS Informational and Computational Material	  	Depositor
		
	 Item 6.02- Change of Servicer or Administrator
  

Requires disclosure of any removal, replacement, substitution or addition of any Servicer, affiliated servicer, and other servicer servicing 10% or more of
pool assets at time of report, other material servicers or Indenture Trustee.
	  	 A change of both – Depositor
 A change of
Servicer or Administrator - Servicer/Administrator/Depositor/

		
	Reg AB disclosure about any new servicer or Servicer is also required.	  	Servicer/Depositor
		
	Reg AB disclosure about any new Indenture Trustee is also required.	  	New Indenture Trustee
		
	 Item 6.03- Change in Credit Enhancement or External Support

 
 Covers termination of any enhancement in manner other than by its terms, the addition of
an enhancement, or a material change in the enhancement provided. Applies to external credit enhancements as well as derivatives.
	  	N/A
		
	Reg AB disclosure about any new enhancement provider is also required.	  	Depositor
		
	Item 6.04- Failure to Make a Required Distribution	  	 Servicer
 Indenture Trustee

		
	 Item 6.05- Securities Act Updating Disclosure
  

If any material pool characteristic differs by 5% or more at the time of issuance of the securities from the description in the final prospectus, provide
updated Reg AB disclosure about the actual asset pool.
	  	Depositor
		
	If there are any new servicers or originators required to be disclosed under Regulation AB as a result of the foregoing, provide the information called for in Items 1108 and 1110 respectively.	  	Depositor
		
	Item 7.01- Reg FD Disclosure	  	Depositor
		
	 Item 8.01- Other Events
  

Any event, with respect to which information is not otherwise called for in Form 8-K, that the registrant deems of importance to certificateholders.
	  	Depositor
		
	Item 9.01- Financial Statements and Exhibits	  	Responsible party, as applicable, for reporting/disclosing the financial statement or exhibit

 Part III: Form 10-K Disclosure Items 
  

			
	FORM 10-K DISCLOSURE ITEMS
		
	 Item on Form 10-K
	  	 Responsible Party

		
	Item 1B: Unresolved Staff Comments	  	Depositor
		
	Item 9B: Other Information	  	Any party responsible for disclosure items on Form 8-K
		
	Item 15: Exhibits, Financial Statement Schedules	  	Depositor
		
	 Additional Item:
  

Disclosure per Item 1117 of Reg AB
	  	(i) All parties to the Sale and Servicing Agreement (as to themselves), (ii) the Depositor as to the issuing entity, (iii) the Depositor as to the sponsor, any 1106(b) originator, any 1100(d)(1) party
		
	 Additional Item:
  

Disclosure per Item 1119 of Reg AB
	  	(i) All parties to the Sale and Servicing Agreement (as to themselves), (ii) the Depositor as to he sponsor, originator, significant obligor, enhancement or support provider
		
	 Additional Item:
  

Disclosure per Item 1112(b) of Reg AB
	  	Depositor/ Servicer
		
	 Additional Item:
  

Disclosure per Items 1114(b) and 1115(b) of Reg AB
	  	Depositor

 Part IV: Servicing Criteria 
  

					
	 Reg AB Reference
	  	 Servicing Criteria
	 	 Responsible Party

			
	1122(d)(2)(v)	  	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a
foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.	 	Indenture Trustee
			
	1122(d)(2)(vi)	  	Unissued checks are safeguarded so as to prevent unauthorized access.	 	
			
	1122(d)(2)(vii)	  	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations are (A) mathematically accurate; (B)
prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the person who prepared the reconciliation; and (D) contain
explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	 	Servicer
			
		  	Investor Remittances and Reporting	 	
			
	1122(d)(3)(i)	  	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance
with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and
regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of Pool Assets serviced by the Servicer.	 	Servicer
			
	1122(d)(3)(ii)	  	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	 	Servicer
			
	1122(d)(3)(iii)	  	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.	 	 Servicer

Indenture Trustee

			
	1122(d)(3)(iv)	  	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	 	Servicer

					
	 Reg AB Reference
	  	 Servicing Criteria
	 	 Responsible Party

			
		  	Pool Asset Administration	 	
			
	1122(d)(4)(i)	  	Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.	 	Servicer
			
	1122(d)(4)(ii)	  	Pool assets and related documents are safeguarded as required by the transaction agreements	 	Servicer
			
	1122(d)(4)(iii)	  	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	 	Servicer
			
	1122(d)(4)(iv)	  	Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt and identification,
or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents.	 	Servicer
			
	1122(d)(4)(v)	  	The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.	 	Servicer
			
	1122(d)(4)(vi)	  	Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related
pool asset documents.	 	Servicer
			
	1122(d)(4)(vii)	  	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or
other requirements established by the transaction agreements.	 	Servicer
			
	1122(d)(4)(viii)	  	Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period
specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g.,
illness or unemployment).	 	Servicer
			
	1122(d)(4)(ix)	  	Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.	 	

					
	 Reg AB Reference
	  	 Servicing Criteria
	 	 Responsible Party

			
	1122(d)(4)(x)	  	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in the
transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of the
related pool assets, or such other number of days specified in the transaction agreements.	 	N/A
			
	1122(d)(4)(xi)	  	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support
has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	 	N/A
			
	1122(d)(4)(xii)	  	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or
omission.	 	N/A
			
	1122(d)(4)(xiii)	  	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such other number of days specified in the transaction agreements.	 	N/A
			
	1122(d)(4)(xiv)	  	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	 	Servicer
			
	1122(d)(4)(xv)	  	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.	 	N/A

 ANNEX A 

BACKUP SERVICER DUTIES 
 Duties of CSC Logic,
as Backup Servicer 
 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2013-2 
  

	 	•	 	CSC Logic provides the system of record (the Shaw system) for all loans covered under this agreement. CSC Logic does not currently provide any loan specific operational support other than printing and day to day
training and system support however CSC Logic has a fully operational loan servicing operation that is currently servicing loan similar to those covered in this agreement. It should be noted that all services, timing and correlating pricing as
stated herein are based upon the assumption that all loans covered by this Agreement are maintained on the CSC Logic Shaw Retail and Collection System of record as stated above. 

 

	 	•	 	As Hot Back-up Servicer, CSC Logic will be responsible for performing the activities necessary to ensure that, in the event of a default or bankruptcy of the Client, CSC Logic will be able to assume the primary
servicing responsibilities outlined and agreed to by CSC Logic in the pooling and servicing agreement/indenture immediately upon CSC Logic’s receipt of a notification of transfer from the controlling party. In an effort to prepare for the
transfer, CSC Logic will perform the following functions: 

 Monthly duties: 

 

	 	•	 	As the designated hot back-up (standby servicer), CSC Logic will receive monthly a servicer certificate in a substantially similar format to those typically used for asset backed securitization transactions (auto
loans). CSC Logic will review the certificate on its face for completeness and will compare certain entries, as mutually agreed, to available data on the system of record. Discrepancies will be reported to the designated parties. 

 

	 	•	 	CSC will also receive and store the following reports from CRB: 

  

	 	•	 	Suspense/Unapplied Report 

  

	 	•	 	Inventory report (Vehicles in inventory) including vehicle location information 

  

	 	•	 	Assigned for Repossession report including agent contact name and address 

  

	 	•	 	Repossession report including agent contact names and addresses 

  

	 	•	 	Liquidation report (Auction report) 

  

	 	•	 	Bankruptcy Report 

  

	 	•	 	Totaled vehicle report 

  

	 	•	 	Outstanding Title report 

  

	 	•	 	Dealer Processing report 

  

	 	•	 	Copies of relevant bank reconciliations and bank statements 

  

	 	•	 	Outstanding Title report 

  

	 	•	 	Other reports that would allow CSC Logic to assume the duties of the primary servicer in the event of transfer 

	 	•	 	CSC Logic will make at least one visit per year to Client site (or sites, if operations are performed at multiple sites) to review current operations. Additional visits can be requested by Client or other controlling
parties as needed. Between visits, Client will inform CSC Logic of any significant changes in operations, management, vendors, policies or any other change that might have a material effect on CSC Logic’s ability to assume servicing
responsibilities. 

  

	 	•	 	Should Client enter into an agreement in which CSC Logic is a named party in the transaction with back-up (standby) responsibilities, such agreement will need to be negotiated and approved by CSC Logic prior to
execution. 

 EXECUTION 

APPENDIX A 
 USAGE AND DEFINITIONS

 USAGE 
 The following rules
of construction and usage are applicable to this Appendix and to any agreement that incorporates this Appendix and any certificate or other document made or delivered pursuant to any such agreement: 

(a) All terms defined in this Appendix, unless otherwise defined in any agreement that incorporates this Appendix or any certificate or other
document made or delivered pursuant to any such agreement, have the meanings assigned in this Appendix. 
 (b) Accounting terms not defined
in this Appendix or in any such agreement, certificate or other document, and accounting terms partly defined in this Appendix or in any such agreement, certificate or other document, to the extent not defined, have the respective meanings given to
them under generally accepted accounting principles as in effect in the United States on the date of such agreement, certificate or other document. To the extent that the definitions of accounting terms in this Appendix or in any such agreement,
certificate or other document are inconsistent with the meanings of such terms under generally accepted accounting principles in the United States, the definitions contained in this Appendix or in any such agreement, certificate or other document
will control. 
 (c) References to words such as “this Agreement”, “herein”, “hereof” and the like shall refer
to an agreement that incorporates this Appendix as a whole and not to any particular part, Article or Section within such agreement. References in an agreement to “Article”, “Section”, “Exhibit”,
“Schedule”, “subsection” or another subdivision or to an attachment are, unless otherwise specified, to an article, section, exhibit, schedule, subsection or other subdivision of or an attachment to such agreement. The term
“or” means “and/or” unless otherwise specified or the context otherwise requires, and the term “including” means “including without limitation”. 

(d) The definitions contained in this Appendix are equally applicable to both the singular and plural forms of such terms and to the masculine
as well as to the feminine and neuter genders of such terms. 
 (e) Any agreement or statute defined or referred to in this Appendix or in
any agreement that incorporates this Appendix means such agreement or statute as from time to time amended, modified, supplemented or replaced, including (in the case of agreements) by waiver or consent and (in the case of statutes) by succession of
comparable successor statutes and includes (in the case of agreements) references to all attachments thereto and instruments incorporated therein and (in the case of statutes) any rules and regulations promulgated thereunder and any judicial and
administrative interpretations thereof. 

  
 AA-1 

 (f) References to a Person are also to its permitted successors and assigns. 

(g) References to deposits, transfers and payments of any amounts refer to deposits, transfers or payments of such amounts in immediately
available funds; and the term “proceeds” has the meaning ascribed to such term in the UCC. 
 (h) Except where “not less than
zero” or similar language is indicated, amounts determined by reference to a mathematical formula may be positive or negative. 
 (i)
In the computation of a period of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” mean “to but excluding”. 

DEFINITIONS 
 “1940
Act” means the Investment Company Act of 1940. 
 “Accrued Class A-1 Note Interest” means, with respect to
any Payment Date, the sum of the Class A-1 Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A-1 Noteholders’ Interest Carryover Shortfall for such Payment Date. 

“Accrued Class A-2 Note Interest” means, with respect to any Payment Date, the sum of the Class A-2
Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A-2 Noteholders’ Interest Carryover Shortfall for such Payment Date. 

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

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

“Act” has the meaning specified in Section 11.03(a) of the Indenture. 

“Administration Agreement” means the Administration Agreement, dated as of November 1, 2013, among the Issuer, CRB, as
Administrator, the Owner Trustee and the Indenture Trustee. 
 “Administrator” means CRB, or any successor Administrator
under the Administration Agreement. 
 “Advance” means any advance that the Servicer is required to make pursuant to
Section 5.07 of the Sale and Servicing Agreement. 
 “Advance Reimbursement Amount” means any amount received or
deemed to be received by the Servicer in reimbursement of an Advance. 

  
 AA-2 

 “Affiliate” means, with respect to any specified Person, any other Person
controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management and policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Agency Office” means the office of the Issuer maintained pursuant to Section 3.02 of the Indenture. 

“Aggregate Note Amount” means the total of the applicable amounts of principal and interest to be paid on each Class of Notes
pursuant to Section 12.05 of the Indenture. 
 “Amount Financed” means, with respect to a Receivable, the original
principal amount that the Obligor is required to pay under the related Contract, including repayment of amounts advanced toward the purchase price of the Financed Vehicle and any related costs and other amounts financed under the related Contract,
exclusive of any amount advanced during the term of the Contract for the premiums for force-placed physical damage insurance covering the Financed Vehicle, it being understood that the Amount Financed includes amounts allocable to prepaid finance
charges due under the related Contract. 
 “Annual Percentage Rate” or “APR” means, with respect to a
Receivable, the annual contractual rate of interest stated in the related Contract as being payable by the Obligor, it being understood that this is not necessarily the “annual percentage rate” as disclosed in the Contract for such
Receivable pursuant to the federal Truth in Lending Act. 
 “Applicable Law” means all provisions of statutes, rules and
regulations, interpretations and orders of any Governmental Authority applicable to a Person, and all orders and decrees of all courts and arbitrators in proceedings or actions in which the Person in question is a party including applicable federal,
State and local laws and regulations thereunder. 
 “Applicable Payment Date” means the date determined by the Indenture
Trustee pursuant to Section 12.05 of the Indenture. 
 “Authorized Officer” means, with respect to the Issuer, any
officer of the Owner Trustee who is authorized to act for the Owner Trustee in matters relating to the Issuer and who is identified on the list of Authorized Officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date (as
such list may be modified or supplemented from time to time thereafter) and, so long as the Administration Agreement is in effect, any vice president or more senior officer of the Administrator (or any authorized signatory specifically authorized by
the board of directors of the Administrator) who is authorized to act for the Administrator in matters relating to the Issuer and to be acted upon by the Administrator pursuant to the Administration Agreement and who is identified on the list of
Authorized Officers delivered by the Administrator to the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter). 

“Available Funds” means, for any Payment Date and the related Collection Period, an amount equal to the sum of the following
amounts: (i) all Collections received by the Servicer 

  
 AA-3 

 
during such Collection Period (less any amounts withdrawn from the Collection Account by the Servicer in order to reimburse itself for Nonrecoverable Advances), and (ii) the Reserve Account
Withdrawal Amount. 
 “Available Funds Shortfall Amount” means, as of any Payment Date, the amount by which the amounts
required to be paid pursuant to clauses first through seventh of Section 5.04(a) of the Sale and Servicing Agreement exceeds the sum of all Collections received by the Servicer during such Collection Period, without taking into account any
Reserve Account Draw Amount (less any amounts withdrawn from the Collection Account by the Servicer in order to reimburse itself for Nonrecoverable Advances). 

“Backup Servicer” means CSC Logic, Inc., as the backup servicer of the Receivables under the Sale and Servicing Agreement.

 “Backup Servicing Fee” means the fee payable to the Backup Servicer which shall be equal to $9,000 per annum, payable in
equal monthly installments, plus reasonable expenses. 
 “Basic Documents” means the Sale and Servicing Agreement, the
Trust Agreement, the Indenture, the Notes, the Certificates, the Underwriting Agreement, the Receivables Purchase Agreement, the Administration Agreement and all of the other documents and certificates delivered in connection with each such
document. 
 “Benefit Plan” means (a) an “employee benefit plan” as defined in Section 3(3) of ERISA,
which is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code, which is subject to Section 4975 of the Code, (c) an entity deemed to hold “plan assets” of any of the foregoing by
reason of investment by an employee benefit plan or plan in such entity or (d) a governmental, non-U.S. or church plan which is subject to any federal, state or local law that is similar to Section 406 of ERISA or Section 4975 of the
Code. 
 “Benefit Plan Investor” means (a) an “employee benefit plan” as defined in Section 3(3) of
ERISA, which is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code, which is subject to Section 4975 of the Code, or (c) an entity deemed to hold “plan assets” of any of the
foregoing by reason of investment by an employee benefit plan or plan in such entity. 
 “Book-Entry Certificates” means
Certificates in which ownership and transfers shall be made through book entries by a Depository as described in Section 3.9 of the Trust Agreement. 

“Book-Entry Notes” means Notes in which ownership and transfers shall be made through book entries by a Depository as
described in Section 2.11 of the Indenture. 
 “Business Day” means any day other than a Saturday, a Sunday or any
other day on which national banking institutions or commercial banking institutions in the State of New York or the State of California are authorized or required by law, executive order or governmental decree to be closed or any day on which the
Federal Reserve Bank of San Francisco is closed. 
 “California Military Families Financial Relief Act” means Sections 800
through 812 of the California Military and Veterans Code. 

  
 AA-4 

 “Certificate” has the meaning set forth in the Trust Agreement. 

“Certificateholder” means a Person in whose name a Certificate is registered. 

“Certifying Person” means an individual who signs the Sarbanes-Oxley Act Certification. 

“Certification Parties” means, collectively, the Certifying Person and the entity for which the Certifying Person acts as an
officer, and such entity’s officers, directors and Affiliates. 
 “Class” means a group of Notes whose form is
identical except for variation in denomination, principal amount or owner, and references to “each Class” thus mean each of the Class A-1 Notes, the Class A-2 Notes, the Class B Notes and the Class C Notes. 

“Class A Notes” means the Class A-1 Notes and the Class A-2 Notes. 

“Class A Note Balance” means, at any time, the sum of the Class A-1 Note Balance and the Class A-2 Note
Balance at such time. 
 “Class A-1 Final Scheduled Payment Date” means the Payment Date occurring on
December 15, 2014. 
 “Class A-1 Interest Rate” means 0.33000% per annum (computed on a daily basis, based
upon the actual days elapsed in the Interest Period and a 360-day year). 
 “Class A-1 Note Balance” means, at any
time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes. 

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

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

“Class A-1 Notes” means the Class of Notes designated as “Class A-1 Notes”, issued in accordance
with the Indenture. 

  
 AA-5 

 “Class A-2 Final Scheduled Payment Date” means the Payment Date occurring
on March 15, 2019. 
 “Class A-2 Interest Rate” means 1.23% per annum (computed on the basis of a 360-day
year of twelve 30-day months). 
 “Class A-2 Note Balance” means, at any time, the Initial Class A-2 Note Balance
reduced by all payments of principal made prior to such time on the Class A-2 Notes. 
 “Class A-2 Noteholder”
means the Person in whose name a Class A-2 Note is registered on the Register. 
 “Class A-2 Noteholders’ Interest
Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-2 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-2 Noteholders’ Interest Carryover
Shortfall on such preceding Payment Date, over the amount in respect of interest that is actually paid to Noteholders of Class A-2 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of
Class A-2 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-2 Interest Rate for the related Interest Period. 

“Class A-2 Noteholders’ Monthly Accrued Interest” means, with respect to any Payment Date, the aggregate interest
accrued for the related Interest Period on the Class A-2 Notes at the Class A-2 Interest Rate on the Class A-2 Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all
payments of principal to the Class A-2 Noteholders on or prior to such preceding Payment Date. 
 “Class A-2
Notes” means the Class of Notes designated as “Class A-2 Notes”, issued in accordance with the Indenture. 

“Class B Final Scheduled Payment Date” means the Payment Date occurring on July 15, 2019. 

“Class B Interest Rate” means 2.31% per annum (computed on the basis of a 360-day year of twelve 30-day months).

 “Class B Note Balance” means, at any time, the Initial Class B Note Balance reduced by all payments of
principal made prior to such time on the Class B Notes. 
 “Class B Noteholder” means the Person in whose name a
Class B Note is registered on the Register. 
 “Class B Noteholders’ Interest Carryover Shortfall” means,
with respect to any Payment Date, the excess of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such preceding Payment
Date, over the amount in respect of interest that is actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class B Notes on the preceding
Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period. 

  
 AA-6 

 “Class B Noteholders’ Monthly Accrued Interest” means, with respect to
any Payment Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case
may be, after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date. 

“Class B Notes” means the Class of Notes designated as “Class B Notes”, issued in accordance with
the Indenture. 
 “Class C Final Scheduled Payment Date” means the Payment Date occurring on August 17, 2020.

 “Class C Interest Rate” means 3.32% per annum (computed on the basis of a 360-day year of twelve 30-day
months). 
 “Class C Note Balance” means, at any time, the Initial Class C Note Balance reduced by all payments
of principal made prior to such time on the Class C Notes. 
 “Class C Noteholder” means the Person in whose name
a Class C Note is registered on the Register. 
 “Class C Noteholders’ Interest Carryover Shortfall” means,
with respect to any Payment Date, the excess of the Class C Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class C Noteholders’ Interest Carryover Shortfall on such preceding Payment
Date, over the amount in respect of interest that is actually paid to Noteholders of Class C Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Class C Notes on the preceding
Payment Date, to the extent permitted by law, at the Class C Interest Rate for the related Interest Period. 
 “Class C
Noteholders’ Monthly Accrued Interest” means, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class C Notes at the Class C Interest Rate on the Class C Note Balance
on the immediately preceding Payment Date or the Closing Date, as the case may be, after giving effect to all payments of principal to the Class C Noteholders on or prior to such preceding Payment Date. 

“Class C Notes” means the Class of Notes designated as “Class C Notes”, issued in accordance with
the Indenture. 
 “Clearstream” shall mean Clearstream Bank, société anonyme. 

“Closing Date” means November 21, 2013. 

“Code” means the Internal Revenue Code of 1986. 

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

  
 AA-7 

 “Collection Account” means the account designated as such pursuant to
Section 5.01(a) of the Sale and Servicing Agreement, which has been established by the Indenture Trustee and is to be maintained by the Indenture Trustee as an Eligible Account. 

“Collection Period” means, with respect to any Payment Date, the calendar month immediately preceding the month in which such
Payment Date occurs; provided, however, that the first Collection Period shall commence on the day immediately following the Cutoff Date and end on and include the last day of the calendar month immediately preceding the first Payment
Date. 
 “Collections” means, with respect to any Payment Date and the related Collection Period, the sum of the following
amounts received by the Servicer during or in respect of such Collection Period, without duplication: (i) all collections on or in respect of the Receivables (including any Servicer Advances, all Liquidation Proceeds and Repurchase Prices),
(ii) all investment earnings on the Collection Account and the Reserve Account, (iii) amounts required to be deposited by the Servicer in the Collection Account pursuant to the Sale and Servicing Agreement to account for investment losses
on the Trust Accounts and (iv) any Reserve Accounts Draw Amounts with respect to such Payment Date; provided, however, that Supplemental Servicing Fees shall not constitute Collections. 

“Commission” means the U.S. Securities and Exchange Commission. 

“Contract” means, with respect to Receivable, a motor vehicle retail installment sale contract or a motor vehicle installment
loan originated, purchased or otherwise acquired by the Seller and made part of the Conveyed Assets. 
 “Controlling Class”
means, with respect to any Notes Outstanding, the Class A Notes as long as any Class A Notes are Outstanding, and thereafter the Class B Notes as long as any Class B Notes are Outstanding, and thereafter the Class C Notes as
long as any Class C Notes are Outstanding (excluding, in each case, Notes held by the Servicer, CRB or any of their respective Affiliates unless all of the Notes then Outstanding are held by the Servicer, CRB and/or their respective
Affiliates). 
 “Conveyed Assets” means (without duplication) all right, title and interest in and to: 

(a) the Receivables and all moneys received thereon after the Cutoff Date; 

(b) the security interests in the Financed Vehicles granted by Obligors pursuant to the Receivables and in any other property
securing the Receivables, and any other interest of the originator of any Receivable in such Financed Vehicles; 
 (c) any
other property securing any Receivable; 
 (d) any proceeds and the right to receive proceeds with respect to the Receivables
from claims on any physical damage, credit life or disability insurance policies covering Financed Vehicles or Obligors and any Liquidation Proceeds; 

  
 AA-8 

 (e) any proceeds from any Receivable repurchased by a Dealer pursuant to a Dealer
Agreement as a result of a breach of representation or warranty in the related Dealer Agreement and any other rights and benefits but none of the obligations or burdens under the Dealer Agreements; 

(f) all rights under any Service Agreements; 

(g) the Receivable Files; 

(h) the right to realize upon any property (including the right to receive future Liquidation Proceeds) that shall have secured
a Receivable and that have been repossessed pursuant to the terms of such Receivable; 
 (i) to the extent such rights have
been transferred to the Depositor, all rights of the Servicer to service the Receivables; 
 (j) all (a) Accounts,
(b) Chattel Paper, (c) Documents, (d) Instruments and (e) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (h); and 

(k) all proceeds and investments with respect to items (a) through (j). 

“Corporate Trust Office” means the principal office of the Indenture Trustee at which at any particular time its applicable
corporate trust business is administered, which office at the date of execution of this Agreement is located at (i) solely for purposes of the transfer, surrender or exchange of certificates - DB Services America, Inc., MS JCK01-0218, 5022 Gate
Parkway, Suite 200, Jacksonville, FL 32256 and (ii) for all other purposes - Deutsche Bank Trust Company Americas, c/o DBNTC, 100 Plaza One, 6th Floor, MS JCY03-0699, Jersey City, NJ 07311,
Attention: California Republic Auto Receivables Trust 2013-2 or at such other address as the Indenture Trustee may designate from time to time by notice to the Noteholders and the Issuer, or the principal corporate trust office of any successor
Indenture Trustee at the address designated by such successor Indenture Trustee by notice to the Noteholders and the Issuer. 

“CRB” means California Republic Bank, a California corporation authorized to transact a banking business. 

“Custodian” means any custodian appointed pursuant to Section 3.04 or Section 3.08 of the Sale and Servicing
Agreement, and shall initially be CRB. 
 “Cutoff Date” means October 31, 2013. 

“Cutoff Date Pool Balance” means the Pool Balance as of the Cutoff Date which is $250,424,447.58. 

“DBRS” means DBRS, Inc. 

“Dealer” means with respect to any Receivable, the motor vehicle dealer that sold the related Financed Vehicle and entered
into a Dealer Agreement and/or any form of assignment. 

  
 AA-9 

 “Dealer Agreement” means with respect to Receivables, the agreement between a
Dealer and the Seller relating to the origination of, or assignment to the Seller of, the related Receivables. 
 “Default”
means any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default. 
 “Definitive
Certificates” means the Certificates issued pursuant to the Trust Agreement in definitive form upon termination of book-entry registration with respect to such Certificate pursuant to Section 3.11 of the Trust Agreement. 

“Definitive Notes” means the Notes issued pursuant to the Indenture in definitive form upon termination of book-entry
registration with respect to such Notes pursuant to Section 2.13 of the Indenture. 
 “Delivery”, when used with
respect to Trust Account Property, means: 
 (a) with respect to bankers’ acceptances, commercial paper, negotiable
certificates of deposit and other obligations that constitute “instruments” within the meaning of Section 9-102(a)(47)(i) of the UCC and are susceptible of physical delivery, transfer thereof to the Indenture Trustee by physical
delivery to the Indenture Trustee endorsed to, or registered in the name of, the Indenture Trustee or endorsed in blank, and, with respect to a certificated security (as defined in Section 8-102 of the UCC) transfer thereof (i) by delivery
of such certificated security endorsed to, or registered in the name of, the Indenture Trustee or (ii) by delivery thereof to a “clearing corporation” (as defined in Section 8-102 of the UCC) and the making by such clearing
corporation of appropriate entries on its books reducing the appropriate Securities Account of the transferor and increasing the appropriate Securities Account of the Indenture Trustee by the amount of such certificated security and the
identification by the clearing corporation of the certificated securities for the sole and exclusive account of the Indenture Trustee (all of the foregoing, “Physical Property”), and, in any event, any such Physical Property in registered
form shall be in the name of the Indenture Trustee or its nominee; and such additional or alternative procedures as may hereafter become appropriate (in the sole discretion of the Indenture Trustee) to effect the complete transfer of ownership of
any such Trust Account Property to the Indenture Trustee or its nominee or custodian, consistent with changes in Applicable Law or regulations or the interpretation thereof; 

(b) with respect to any security issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation, the Federal National
Mortgage Association or the Government National Mortgage Association that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations, the following procedures, all in accordance with Applicable Law,
including applicable federal regulations and Articles 8 and 9 of the UCC: book-entry registration of such Trust Account Property to an appropriate book-entry account maintained with a Federal Reserve Bank by a Securities Intermediary that is also a
“depository” pursuant to applicable federal regulations; the making by such Securities Intermediary of entries in its books and records crediting such Trust Account Property to the Indenture Trustee’s

  
 AA-10 

 
Securities Account at the Securities Intermediary and identifying such book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations as belonging to the
Indenture Trustee; and such additional or alternative procedures as may hereafter become appropriate (in the sole discretion of the Indenture Trustee) to effect complete transfer of ownership of any such Trust Account Property to the Indenture
Trustee, consistent with changes in Applicable Law or regulations or the interpretation thereof; 
 (c) with respect to any
item of Trust Account Property that is an uncertificated security under Article 8 of the UCC and that is not governed by clause (b) above, registration on the books and records of the issuer thereof in the name of the Indenture Trustee or its
nominee or custodian who either (i) becomes the registered owner on behalf of the Indenture Trustee or (ii) having previously become the registered owner, acknowledges that it holds for the Indenture Trustee; and 

(d) with respect to any item of Trust Account Property that is a Security Entitlement, causing the Securities Intermediary to
indicate on its books and records that such Security Entitlement has been credited to a Securities Account of the Indenture Trustee. 

“Depositor” means California Republic Funding, LLC, a Delaware limited liability company. 

“Depositor Conveyed Assets” has the meaning specified in Section 2.01(a) of the Sale and Servicing Agreement. 

“Depository” means The Depository Trust Company, as initial Depository, the nominee of which is Cede & Co., or any
other organization registered as a “clearing agency” pursuant to Section 17A of the Securities Exchange Act of 1934, as amended. The Depository shall at all times be a “clearing corporation” as defined in
Section 8-102(3) of the UCC. 
 “Depository Agreement” means, with respect to any Class of Notes or any
Certificates, the agreement between the Issuer and the initial Depository, dated as of November 1, 2013. 
 “Depository
Participant” means a securities broker, dealer, bank, trust company, clearing corporation or other financial institution or other Person for whom from time to time a Depository effects book-entry transfers and pledges of securities
deposited with the Depository. 
 “Determination Date” means, with respect to each Payment Date, the third Business Day
immediately preceding such Payment Date. 
 “Eligible Account” means either (a) a segregated trust account with an
Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States or any State, having corporate trust powers and acting as trustee for funds
deposited in such account, so long as any of the securities of such depository institution shall have a short-term unsecured debt rating not less than “A-l+” by Standard & Poor’s and “P-l” by Moody’s. 

  
 AA-11 

 “Eligible Institution” means (a) the corporate trust department of the
Indenture Trustee or Owner Trustee or (b) a depository institution organized under the laws of the United States or any State, that (i) has either (A) a long-term unsecured debt rating of at least “AA-” by
Standard & Poor’s and “A2” by Moody’s or (B) a short-term unsecured debt rating or certificate of deposit rating of at least “A-l+” by Standard & Poor’s and “P-l” by Moody’s
and (ii) the deposits of which are insured by the FDIC. 
 “Eligible Servicer” means, on the Closing Date, CRB, and
thereafter any Person that at the time of its appointment as Servicer is legally qualified and has the capacity to service the Receivables. 

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

“Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear system, or any successor thereto in such capacity.

 “Event of Default” has the meaning specified in Section 5.01 of the Indenture. 

“Exchange Act” means the Securities Exchange Act of 1934. 

“Exchange Act Reports” means any reports on Form 10-D, Form 8-K, Form 10-K or Form ABS-15G required to be filed by the Issuer
or the Depositor with respect to the Issuer or the Receivables under the Exchange Act. 
 “FDIC” means the Federal Deposit
Insurance Corporation. 
 “FDIC Rule” means the “Treatment of financial assets transferred in connection with a
securitization or participation” adopted by the FDIC, as codified at 12 CRF §360.6, subject to such clarifications and interpretations as may be provided by the FDIC or by the FDIC’s staff from time to time or by a court of competent
jurisdiction. 
 “Final Scheduled Payment Date” means, with respect to (i) the Class A-1 Notes, the
Class A-1 Final Scheduled Payment Date, (ii) the Class A-2 Notes, the Class A-2 Final Scheduled Payment Date, (iii) the Class B Notes, the Class B Final Scheduled Payment Date, and (iv) the Class C Notes,
the Class C Final Scheduled Payment Date. 
 “Financed Vehicle” means a new or used automobile, light-duty truck or
sport utility vehicle, together with all accessions thereto, securing an Obligor’s indebtedness under the related Contract. 

“Financial Asset” means a “financial asset” as defined in Section 8-102(a)(9) of the UCC. 

“First Allocation of Principal” means, for any Payment Date and the related Collection Period, an amount not less than zero
equal to the excess, if any, of (a) the Class A Note Balance as of the preceding Payment Date (after giving effect to all principal payments made on that preceding Payment Date or with respect to the first Payment Date, as of the Closing
Date) over (b) the Pool Balance as of the last day of such Collection Period; provided, that the First Allocation of Principal on and after the Class A-1 Final Scheduled Payment Date will not be less

  
 AA-12 

 
than the amount that is necessary to reduce the Class A-1 Note Balance to zero, and that the First Allocation of Principal on and after the Class A-2 Final Scheduled Payment Date
will not be less than the amount that is necessary to reduce the Class A-2 Note Balance to zero. 
 “Form 8-K Reportable
Event” means any event required to be reported on Form 8-K, including each event specified on Part II of Schedule B (i) for which such Person is the responsible party and (ii) of which such Person (or in the case of the Indenture
Trustee, as Responsible Officer of such Person) has actual knowledge. 
 “Form 10-D Disclosure Item” means, with respect to
any Person, any event specified in Part I of Schedule B for which such Person is the responsible party, if such Person or in the case of the Owner Trustee or Indenture Trustee, a Responsible Officer of such Person, has actual knowledge of such
event. 
 “Form 10-K Disclosure Item” means, with respect to any Person, (i) any Form 10-D Disclosure Item and
(ii) any additional items specified in Part III of Schedule B for which such Person is the responsible party, or if such Person is the Indenture Trustee or the Owner Trustee, a Responsible Officer of such Person has actual knowledge of such
event. 
 “Governmental Authority” means the government of the United States or any political subdivision thereof, whether
State, federal or local, and any agency, authority, instrumentality, regulatory body, court, administrative court or judge, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government. 
 “Grant” means mortgage, pledge, bargain, sell, warrant, alienate, remise,
release, convey, assign, transfer, create, and grant a lien upon and a security interest in and a right of setoff against, deposit, set over and confirm pursuant to the Indenture. A Grant of the Collateral or of any other agreement or instrument
shall include all rights, powers and options (but none of the obligations) of the granting party thereunder, including the immediate and continuing right to claim for, collect, receive and give receipt for principal and interest payments in respect
of the Collateral and all other moneys payable thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring Proceedings in the name of the granting party or
otherwise, and generally to do and receive anything that the granting party is or may be entitled to do or receive thereunder or with respect thereto. 

“Holder” or “Noteholder” means a Person in whose name a Note is registered on the Register. 

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

  
 AA-13 

 “Independent Certificate” means a certificate or opinion to be delivered to the
Indenture Trustee under the circumstances described in, and otherwise complying with, the applicable requirements of Section 11.01 of the Indenture or TIA, made by an Independent appraiser or other expert appointed by an Issuer Order and
approved by the Indenture Trustee in the exercise of reasonable care, and such opinion or certificate shall state that the signer has read the definition of “Independent” in the Indenture and that the signer is Independent within the
meaning thereof. 
 “Indenture” means the Indenture, dated as of November 1, 2013, between the Issuer and the
Indenture Trustee. 
 “Indenture Trustee” means each Person acting as Indenture Trustee under the Indenture, initially
Deutsche Bank Trust Company Americas. 
 “Initial Class A-1 Note Balance” means $39,000,000. 

“Initial Class A-2 Note Balance” means $184,500,000. 

“Initial Class B Note Balance” means $11,890,000. 

“Initial Class C Note Balance” means $11,770,000. 

“Initial Note Balance” means the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial
Class B Note Balance or the Initial Class C Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing. 

“Initial Reserve Account Deposit Amount” means an amount equal to $596,579.23. 

“Insolvency Event” means, with respect to a specified Person, (a) the filing of a decree or order for relief by a court
having jurisdiction in the premises in respect of such Person or all or any part of its property in an involuntary case under any applicable federal or State bankruptcy, insolvency, receivership or other similar law now or hereafter in effect, or
appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official for such Person or for all or any part of its property, or ordering the winding-up or liquidation of such Person’s affairs, and, if involuntary,
such decree or order shall remain unstayed and in effect for a period of sixty (60) consecutive days or an order or decree approving or ordering any of the foregoing shall be ordered; or (b) the commencement by such Person of a voluntary
case under any applicable federal or State bankruptcy, insolvency, receivership or other similar law now or hereafter in effect, or the application or consent by such Person to the entry of or failure to contest in a timely and appropriate manner an
order for relief in an involuntary case under any such law, or the consent by such Person to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official for such Person or for all
or any part of its property, or the making by such Person of any general assignment for the benefit of creditors, or the failure by such Person generally, or the admission in writing its inability, to pay its debts as such debts become due, or the
taking of action by such Person in furtherance of any of the foregoing. 

  
 AA-14 

 “Interest Period” means, with respect to each Payment Date, in the case of
(i) the Class A-1 Notes, the period from and including the preceding Payment Date to, but excluding the current Payment Date (or from and including the Closing Date, in the case of the first Payment Date), or (ii) the Class A-2
Notes, the Class B Notes and the Class C Notes, the period from and including the 15th day of each calendar month preceding each Payment Date (or from and including the Closing Date in the case of
the first Payment Date) to but excluding the 15th day of the following month. 

“Interest Rate” means, with respect to (i) the Class A-1 Notes, the Class A-1 Interest Rate, (ii) the
Class A-2 Notes, the Class A-2 Interest Rate, (iii) the Class B Notes, the Class B Interest Rate or (iv) the Class C Notes, the Class C Interest Rate. 

“Investment Property” means “investment property” within the meaning of Section 9-102 of the UCC. 

“Issuer” means California Republic Auto Receivables Trust 2013-2, a Delaware statutory trust. 

“Issuer Order” or “Issuer Request” means a written order or request signed in the name of the Issuer by any
one of its Authorized Officers and delivered to the Indenture Trustee. 
 “Item 1119 Party” means the Depositor, the
Seller, the Servicer, the Indenture Trustee, the Owner Trustee and any other material transaction party. 
 “Lien” means a
security interest, lien, charge, pledge or encumbrance of any kind. 
 “Liquidated Receivable” means, with respect to any
Collection Period, a Receivable (a) which, at the end of such Collection Period, is deemed uncollectible by the Servicer in accordance with the Servicing Standard, (b) in respect of which the Servicer has repossessed the related Financed
Vehicle and such Financed Vehicle has been liquidated during such Collection Period, (c) in respect of which the Servicer has repossessed the related Financed Vehicle and has held such Financed Vehicle in its or its agent’s repossession
inventory for sixty (60) days or more as of the last day of such Collection Period, (d) which becomes one hundred twenty (120) days past due during such Collection Period and in respect of which the related Financed Vehicle is not in
repossession inventory or (e) which becomes one hundred eighty (180) days past due during such Collection Period. 

“Liquidation Proceeds” means with respect to any Receivable that becomes a Liquidated Receivable, the moneys collected in
respect thereof, from whatever source, during or after the Collection Period in which such Receivable became a Liquidated Receivable, including liquidation of the related Financed Vehicle, insurance proceeds, any recourse under a Dealer Agreement or
Service Agreement and indemnities by the related Obligors, net of the sum of any out-of-pocket expenses of the Servicer reasonably allocated to such liquidation and any amounts required by Applicable Law to be remitted to the related Obligor;
provided, however, that no Repurchase Price will constitute Liquidation Proceeds. 

  
 AA-15 

 “Material Adverse Effect” shall mean a material adverse change in the ability of
a Person to perform its obligations or enforce its rights under the Sale and Servicing Agreement or any other Basic Document. 

“Moody’s” means Moody’s Investors Service, Inc. 

“Net Investment Earnings” means, with respect to a Trust Account and any Collection Period, the amount, if any, by which the
aggregate of all interest and other income realized during such Collection Period in connection with the investment of funds in Permitted Investments in accordance with Section 5.01(b) of the Sale and Servicing Agreement exceeds the aggregate
of all losses and expenses incurred during such period with respect to such funds. 
 “Net Investment Losses” means, with
respect to a Trust Account and any Collection Period, the amount, if any, by which the aggregate of all losses and expenses incurred during such period in connection with the investment of funds in Permitted Investments in accordance with
Section 5.01(b) of the Sale and Servicing Agreement exceeds the aggregate of all interest and other income realized during such period with respect to such funds. 

“Nonrecoverable Advance” means any Advance made or proposed to be made which the Servicer in good faith believes is not, or
if made would not be, ultimately recoverable from Liquidation Proceeds. In determining whether an Advance is or will be nonrecoverable, the Servicer need not take into account that it might receive any amounts by deficiency judgment. 

“Note” means a Class A-1 Note, Class A-2 Note, Class B Note or Class C Note, in each case substantially
in the forms of Exhibit A to the Indenture. 
 “Note Balance” means, with respect to any date of determination, the
Class A-1 Note Balance, the Class A-2 Note Balance, the Class B Note Balance or the Class C Note Balance, as applicable, or with respect to the Notes generally, the sum of all of the foregoing. 

“Note Factor” means, with respect to the Notes or any Class of Notes on any Payment Date, a seven-digit decimal figure
equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the close of business on such Payment Date divided by the Note Balance of the Notes or such Class of Notes, as applicable, as of the Closing Date. The
decimal figure referred to in the immediately preceding sentence will be 1.0000000 as of the Closing Date; thereafter, it will decline to reflect reductions in the Note Balance of the Notes or such Class of Notes, as applicable. 

“Note Investment Letter” means a letter to be delivered to the Indenture Trustee in connection with the transfer of any
Notes, or beneficial interests therein, substantially in the form of Exhibit B to the Indenture. 
 “Note Owner”
means, with respect to a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as reflected on the books of the Depository or a Person maintaining an account with such Depository (directly as a Depository Participant or as
an indirect participant, in each case in accordance with the rules of such Depository). 
 “Noteholder” means each Person
in whose name a Note is registered in the Register. 

  
 AA-16 

 “Obligor” means, with respect to a Receivable, the Person obligated on the
related Contract, and any other Person obligated to make payments under the Receivable including any Person that executes a guarantee on behalf of such Obligor. 

“Officer’s Certificate” means a certificate signed by any Authorized Officer of the Issuer, under the circumstances
described in, and otherwise complying with, the applicable requirements of Section 11.01 of the Indenture, and delivered to the Indenture Trustee. 

“Opinion of Counsel” means one or more written opinions of counsel, who may be an employee of counsel to the Seller, the
Depositor, the Servicer or the Issuer, which counsel shall be acceptable to the applicable recipient and which shall be addressed to the Owner Trustee and/or the Indenture Trustee, as applicable, and which shall be at the expense of the Person
required to provide such an Opinion of Counsel. 
 “Optional Purchase” has the meaning set forth in Section 9.01(a) of
the Sale and Servicing Agreement. 
 “Optional Purchase Price” has the meaning set forth in Section 9.01(a) of the
Sale and Servicing Agreement. 
 “Outstanding” means, as of the date of determination, all Notes theretofore authenticated
and delivered under the Indenture except: 
 (a) Notes theretofore canceled by the Registrar or delivered to the Registrar
for cancellation; 
 (b) Notes or portions thereof the payment for which money in the necessary amount has been theretofore
deposited with the Indenture Trustee or any Paying Agent in trust for the Noteholders; provided, however, that if such Notes are to be redeemed, notice of such redemption must have been duly given pursuant to the Indenture or provision for such
notice must have been made in a manner satisfactory to the Indenture Trustee; and 
 (c) Notes in exchange for or in lieu of
which other Notes have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a Protected Purchaser; 

provided, however, that in determining whether the Noteholders of the requisite principal amount of the Notes Outstanding have given any
request, demand, authorization, direction, notice, consent or waiver under the Indenture or under any other Basic Document, Notes owned by the Issuer, any other obligor upon the Notes, the Depositor, the Seller, the Servicer or any of their
respective Affiliates shall be disregarded and deemed not to be Outstanding unless all of the Notes of the related Class or Classes are owned by the Issuer, any other obligor upon the Notes, the Depositor, the Seller, the Servicer or any of
their respective Affiliates, except that, in determining whether the Indenture Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver, only Notes that a Trust Officer of the Indenture
Trustee knows to be so owned shall be so disregarded. 

  
 AA-17 

 “Outstanding Amount Advanced” means, with respect to any Payment Date, the
aggregate of all Advances remitted by the Servicer or expenses paid pursuant to Section 5.07 of the Sale and Servicing Agreement, less the aggregate of all related Advance Reimbursement Amounts actually received by the Servicer prior to such
Payment Date. 
 “Owner” means, with respect to a Book-Entry Note or a Book-Entry Certificate, any person who is a
beneficial owner of a Book-Entry Note or a Book-Entry Certificate, as applicable. 
 “Owner Trustee” means Wilmington
Trust, National Association, a national banking association acting not in its individual capacity but solely as owner trustee under the Trust Agreement. 

“Paid In Full” means, with respect to the Notes, that all principal, interest and other amounts in respect thereof have been
indefeasibly paid in full in cash pursuant to the requirements of the Indenture and the Sale and Servicing Agreement. 
 “Paying
Agent” means the Indenture Trustee or any other Person that meets the eligibility standards for the Indenture Trustee specified in Section 6.11 of the Indenture and is authorized by the Issuer to make payments to and distributions from
the Collection Account, the Principal Distribution Account and the Reserve Account in accordance with the terms of the Indenture and the Sale and Servicing Agreement. 

“Payment Date” means the 15th day of each calendar month beginning
December 16, 2013; provided, however, that whenever a Payment Date would otherwise be a day that is not a Business Day, the Payment Date shall be the next Business Day. As used in the Basic Documents, the “related” Payment Date with
respect to a Collection Period shall be deemed to be the Payment Date which immediately follows such Collection Period. 

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

(a) direct obligations of, and obligations fully guaranteed as to timely payment by, the United States; 

(b) demand deposits, money market deposit accounts, time deposits or certificates of deposit of any depository institution
(including the Servicer, the Indenture Trustee or the Owner Trustee or any of their respective Affiliates) or trust company incorporated under the laws of the United States or any State (or any domestic branch of a foreign bank) and subject to
supervision and examination by federal or State banking or depository institution authorities (including depository receipts issued by any such institution or trust company as custodian with respect to any obligation referred to in clause
(a) above or a portion of such obligation for the benefit of the holders of such depository receipts); provided that at the time of the investment or contractual commitment to invest therein (which shall be deemed to be made again each
time funds are reinvested following each Payment Date), the commercial paper or other short-term senior unsecured debt obligations (other than such obligations the rating of which is based on the credit of a Person other than such depository
institution or trust company) of such depository institution or trust company shall have a credit rating from DBRS of at least “R-1 (low)” (if rated by DBRS) and from Moody’s of “Prime-1”; 

  
 AA-18 

 (c) commercial paper (including commercial paper of the Servicer, the Indenture
Trustee or the Owner Trustee or any of their respective Affiliates) having, at the time of the investment or contractual commitment to invest therein, a rating from DBRS of at least “R-1 (low)” (if rated by DBRS) and from Moody’s of
“Prime-1”; 
 (d) investments in money market funds (including funds for which the Servicer, the Indenture Trustee
or the Owner Trustee or any of their respective Affiliates is investment manager or advisor) having a rating from DBRS of at least “AAA” (if rated by DBRS) and from Moody’s of “Aaa-mf” and which fully qualify for the
exemption from withholding tax on dividends under Section 871(k) or 881(e) of the Code (not taking into account any of the exceptions contained in Section 871(k) and 881(e) that are based on the identity of the applicable holder); 

(e) banker’s acceptances issued by any depository institution or trust company referred to in clause (b) above; 

(f) repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United
States or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States, in either case entered into with a depository institution or trust company (acting as principal) referred to in
clause (b) above; and 
 (g) any other investments that satisfy the investment criteria of DRBS and Moody’s for
transactions in which the rated obligations have ratings equal to the highest rating then being assigned by each such Rating Agency to any Class of Notes. 

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

“Physical Property” has the meaning assigned to such term in the definition of “Delivery” above. 

“Pool Balance” means, as of any date, the aggregate Principal Balance of all Receivables (other than Liquidated Receivables)
on such date. 
 “Predecessor Note” means, with respect to any particular Note, every previous Note evidencing all or a
portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 2.05 of the Indenture in lieu of a mutilated, lost, destroyed or stolen Note shall
be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Principal Balance” means with
respect to any Receivable and any date of determination, the Amount Financed minus an amount equal to the sum, as of the close of business on the last day of the related Collection Period, of that portion of all amounts received on or prior to such
day with respect to such Receivable and allocable to principal. 

  
 AA-19 

 “Principal Distribution Account” means the account designated as such,
established and maintained pursuant to Section 5.01 of the Sale and Servicing Agreement. 
 “Private Placement
Memorandum” means that certain private placement memorandum for the Certificates dated November [    ], 2013. 

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

“Prospectus” means the prospectus supplement, dated November [    ], 2013 relating to the sale of the
Notes (the “Prospectus Supplement”) accompanied by the prospectus, dated November 7, 2013 (the “Base Prospectus”, together with the Prospectus Supplement, the “Prospectus”). 

“Protected Purchaser” has the meaning set forth in Section 8-303 of the UCC. 

“Purchased Asset” means a Receivable purchased as of the close of business on the last day of a Collection Period by or on
behalf of the Servicer pursuant to Section 4.07 of the Sale and Servicing Agreement or by or on behalf of the Seller pursuant to Section 3.03 of the Sale and Servicing Agreement. 

“Qualified Institutional Buyer” or “QIB” means a “qualified institutional buyer” as defined in
Rule 144A. 
 “Rating Agency” means either DBRS or Moody’s. 

“Rating Agency Condition” means, with respect to any action, that the Rating Agency shall have been given the ten
(10) days’ (or such shorter period as shall be acceptable to the Rating Agency) prior written notice thereof and shall not have indicated that such action will result in a reduction, withdrawal or downgrade of the then-current rating of
any Class of Notes. 
 “Receivables” means each motor vehicle loan, motor vehicle retail installment sales contract or
other form of financing arrangement and all right, title and interest related thereto and the security therefor and all other rights or interests of the originator and its assigns therein, evidenced by a Contract listed on Schedule A to the Sale and
Servicing Agreement. 
 “Receivable Files” means the following documents with respect to each Receivable: 

(a) the original Contract or, where the original cannot be located, a copy of the original Contract or the fully executed
original, electronically authenticated original or “authoritative copy” (within the meaning of Section 9-105 of the UCC) of the Contract, including any written amendments or extensions thereto; 

(b) the original credit application, whether in paper or electronic form, or any copy, duplicate or electronic record thereof;

  
 AA-20 

 (c) the original or replacement certificate of title as issued in paper or
electronic form by the appropriate governmental agency in the State in which the Financed Vehicle is titled, or if the original certificate of title is required to be held by the agency, department or office that issued such original certificate of
title, a receipt thereof, and such other documents that the Servicer shall keep on file, in accordance with its customary standards, policies and procedures, evidencing the security interest of the Seller in the related Financed Vehicle; 

(d) if the odometer reading of the Financed Vehicle at the time of sale to the Obligor is not listed on the certificate of
title or the original credit application, the odometer statement; and 
 (e) any and all other documents that the Servicer
shall have kept on file in accordance with its customary procedures relating to a Contract. 
 “Receivables Purchase
Agreement” means the Receivables Purchase Agreement, dated as of November 1, 2013, between the Seller and the Depositor. 

“Record Date” means, unless otherwise specified in any Basic Document, with respect to any Payment Date or Redemption Date,
for any (i) Definitive Notes and Definitive Certificates, the close of business on the last Business Day of the calendar month immediately preceding the calendar month in which such Payment Date or Redemption Date occurs and (ii) Book-Entry Notes or Book-Entry Certificates, the close of business on the Business Day immediately preceding such Payment Date or Redemption Date. 

“Redemption Date” means, in the case of a redemption of the Notes pursuant to Section 10.01 of the Indenture, the
Payment Date specified by the Servicer or the Issuer pursuant to Section 10.01 of the Indenture. 
 “Redemption Price”
means an amount equal to the sum of (a) unpaid principal amount of the Notes redeemed plus (b) accrued and unpaid interest thereon at the applicable Interest Rate for the Notes being so redeemed, up to, but excluding, the Redemption Date.

 “Register” has the meaning specified in Section 2.04(a) of the Indenture. 

“Registered Holder” means the Person in whose name a Note is registered on the Register on the related Record Date. 

“Registrar” means the registrar at any time of the Register, appointed pursuant to Section 2.04(a) of the Indenture.

 “Regular Principal Distribution Amount” means, for any Payment Date and the related Collection Period, an amount not
less than zero equal to the excess of (a) the Note Balance of the Notes as of the preceding Payment Date (after giving effect to all principal payments made on that preceding Payment Date or with respect to the first Payment Date, as of the
Closing Date) minus the sum of the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal for the current Payment Date over (b) the Pool Balance as of the end of such Collection Period minus the
Target Overcollateralization Amount; provided, 

  
 AA-21 

 
however, that the Regular Principal Distribution Amount on and after the Final Scheduled Payment Date for any Class of Notes will not be less than the amount that is necessary to reduce the
Note Balance of such Class, as applicable, to zero (after the application of the First Allocation of Principal, the Second Allocation of Principal and the Third Allocation of Principal). 

“Regulation AB” means Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release
No. 33-8518. 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time. 

“Repurchase Price” means, for each Receivable, a price equal to (a) the remaining Principal Balance of such Receivable
as of the last day of the Collection Period related to the Payment Date on which the purchase or repurchase occurs, plus (b) accrued and unpaid interest on such Receivable as of the last date of such Collection Period, together with all unpaid
amounts in respect of such Receivable, less (c) Advances in respect of such Receivable which have not been reimbursed. 

“Reserve Account” means the account designated as such, established and maintained pursuant to Section 5.01 of the Sale
and Servicing Agreement. 
 “Reserve Account Draw Amount” means, (i) for any Payment Date, the amount withdrawn from
the Reserve Account, equal to the lesser of (a) the Available Funds Shortfall Amount, if any, or (b) the Reserve Account Excess Amount on such Payment Date; (ii) for any Redemption Date, the amount withdrawn from the Reserve Account
pursuant to Section 10.01 of the Indenture; (iii) for any Applicable Payment Date, the amount withdrawn from the Reserve Account pursuant to Section 12.05 of the Indenture; and (iv) any amounts withdrawn from the Reserve Account
in accordance with any other provision of the Indenture, the Sale and Servicing Agreement or any other Basic Document, to the extent any funds are required to be withdrawn from the Reserve Account by any of such provision. 

“Reserve Account Excess Amount” means, with respect to any Payment Date, an amount equal to the excess, if any, of
(a) the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account relating to that Payment Date, over (b) the Specified
Reserve Account Balance with respect to that Payment Date. 
 “Responsible Officer” means, with respect to (i) CRB,
the Servicer or the Depositor, the chairman of the board, the president, any executive vice president, any vice president, the treasurer, any assistant treasurer, the secretary or any assistant secretary thereof or any officer identified to the
Indenture Trustee by CRB, the Servicer or the Depositor as having day-to-day responsibilities for the performance of CRB’s, the Servicer’s or the Depositor’s, as the case may be, duties under the Basic Documents and (ii) the
Owner Trustee, any officer in the Corporate Trust Office of the Owner Trustee with direct responsibility for the administration of the Issuer and, with respect to a particular corporate trust matter, any other officer of the Owner Trustee to whom
such matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 

  
 AA-22 

 “Rule 17g-5” means Rule 17g-5 under the Exchange Act. 

“Rule 17g-5 Website” means the Rule 17g-5 compliant website. 

“Rule 144A” means Rule 144A under the Securities Act. 

“Sale and Servicing Agreement” means the Sale and Servicing Agreement, dated as of November 1, 2013, among the Issuer,
the Depositor, CRB, as Seller, Servicer, Custodian and Administrator, the Indenture Trustee and the Backup Servicer. 

“Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002. 

“Schedule of Receivables” means the list of conveyed Receivables attached as Schedule A to the Sale and Servicing Agreement.

 “Second Allocation of Principal” means, for any Payment Date and the related Collection Period, an amount not less than
zero equal to the excess, if any, of (a) the sum of the Class A Note Balance and the Class B Note Balance as of the preceding Payment Date (after giving effect to all principal payments made on that preceding Payment Date or, with
respect to the first Payment Date, as of the Closing Date) minus the First Allocation of Principal for the current Payment Date over (b) the Pool Balance as of the last day of such Collection Period; provided, however, that the Second
Allocation of Principal on and after the Final Scheduled Payment Date for the Class A-1 Notes, the Class A-2 Notes or the Class B Notes will not be less than the amount that is necessary to reduce the Note Balance of each such Class,
as applicable, to zero (after the application of the First Allocation of Principal). 
 “Section 941 Effective Date” means
the effective date of Section 941 Rules. 
 “Section 941 Rules” means the regulations required under Section 15G
of the Securities Exchange Act, 15 U.S.C. 78a et seq., added by Section 941(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. 

“Securities Account” means a “securities account” as that term is defined in
Section 8-501(a) of the New York UCC. 
 “Securities Act” means the Securities
Act of 1933, as amended. 
 “Securities Intermediary” means a “securities intermediary” as that term is defined
in Section 8-102 of the New York UCC. 
 “Security Entitlement” means a “security entitlement” as that term
is defined in Section 8-102 of the New York UCC. 
 “Seller” means CRB, as the seller of Receivables to the Depositor
pursuant to the Receivables Purchase Agreement. 

  
 AA-23 

 “Service Agreement” means, with respect to a Receivable, any service, repair or
warranty agreement with respect to the related Financed Vehicle. 
 “Servicer” means CRB, as the servicer of the
Receivables and each successor to CRB (in the same capacity) pursuant to Section 7.03 or Section 8.03 of the Sale and Servicing Agreement. 

“Servicer Termination Event” has the meaning set forth in Section 8.01 of the Sale and Servicing Agreement. 

“Servicer’s Annual Certification” has the meaning specified in Section 4.10 of the Sale and Servicing Agreement.

 “Servicer’s Monthly Certificate” means a certificate of the Servicer delivered pursuant to Section 4.09 of the
Sale and Servicing Agreement, substantially in the form of Exhibit B-1. 
 “Servicing
Criteria” means the “servicing criteria” set forth in Item 1122(d) of Regulation AB. 
 “Servicing Criteria
Assessment” means a report of the Indenture Trustee’s assessment of compliance with the Servicing Criteria (as identified substantially in the form of Part IV of Schedule B of the Sale and Servicing Agreement and where the Indenture
Trustee is listed as “Responsible Party”) during the immediately preceding calendar year, as set forth under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 

“Servicing Fee” with respect to the servicing of the Receivables means, with respect to each Payment Date and the related
Collection Period, the sum of (a) an amount equal to the product of one twelfth (1/12) of the Servicing Fee Rate and the Pool Balance as of the first day of such Collection Period and (b) any Supplemental Servicing Fees. 

“Servicing Fee Rate” means 1.00% per annum. 

“Servicing Standard” has the meaning set forth in Section 4.01(a) of the Sale and Servicing Agreement. 

“Similar Law” means any federal, State, local or non-U.S. law that is similar to Section 406 of ERISA or
Section 4975 of the Code. 
 “Simple Interest Method” means, with respect to a Receivable, the method of allocating a
fixed level payment between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the applicable interest rate multiplied by the unpaid Principal Balance of such
Receivable multiplied by the period of time (expressed as a fraction of a year, based on the actual number of days in the month and a 365-day year or, in the event of a leap year, a 366-day year) elapsed since the preceding payment was received by
the Servicer. The remainder of such payment is allocable to fees and charges, if any, and to principal in the manner determined at the direction of the Servicer; provided, however, that the Servicer applies Liquidation Proceeds, insurance proceeds
and amounts in respect of deficiency balances first to unpaid interest, second to principal, third to unpaid late fees and fourth to any receivable relating to the premium paid on any force-placed insurance policy. 

  
 AA-24 

 “Small Balance Waiver” means a waiver of any unpaid amounts not to exceed $25
owed with respect to a Receivable in connection with its final payout, which is granted by the Servicer in accordance with the Servicing Standard. 

“Specified Reserve Account Balance” means $626,061.12 (which is approximately 0.25% of the Cutoff Date Pool Balance). 

“State” means any state or territory of the United States, including the District of Columbia. 

“Successor Servicer” has the meaning specified in Section 3.07(e) of the Indenture. 

“Supplemental Servicing Fees” means any and all (i) late fees, (ii) extension fees,
(iii) non-sufficient funds charges and (iv) any and all other administrative fees or similar charges allowed by Applicable Law with respect to any Receivable. 

“Target Overcollateralization Amount” means, with respect to any Payment Date, $7,011,884.53 (which is approximately 2.80% of
the Cutoff Date Pool Balance). 
 “Tax Opinion” means, with respect to any action, an Opinion of Counsel (which counsel
shall not be an employee of the Issuer or an Affiliate of the Issuer) to the effect that, for federal and, unless waived by the applicable recipient in writing, State and local income, single business and franchise tax purposes, (a) such action
will not adversely affect the tax characterization of any outstanding Notes that are characterized as debt, (b) such action will not cause the Issuer to be deemed to be an association (or publicly-traded partnership) taxable as a corporation,
and (c) such action will not cause or constitute an event in which gain or loss would be recognized by any Noteholder. 

“Third Allocation of Principal” means, for any Payment Date and the related Collection Period, an amount not less than zero
equal to the excess, if any, of (a) the aggregate Note Balance of all Notes as of the preceding Payment Date (after giving effect to all principal payments made on that preceding Payment Date or, with respect to the first Payment Date, as of
the Closing Date) minus the sum of the First Allocation of Principal and Second Allocation of Principal for the current Payment Date over (b) the Pool Balance as of the last day of such Collection Period; provided, however, that the Third
Allocation of Principal on and after the Final Scheduled Payment Date for the Class A-1 Notes, the Class A-2 Notes, the Class B Notes or the Class C Notes will not be less than the amount that is necessary to reduce the Note
Balance of each such Class, as applicable, to zero (after the application of the First Allocation of Principal and Second Allocation of Principal). 

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

“Trust Accounts” means the Collection Account, the Principal Distribution Account and the Reserve Account. 

  
 AA-25 

 “Trust Agreement” means the Amended and Restated Trust Agreement, dated as of
November 1, 2013, among Depositor as grantor and beneficiary, and the Owner Trustee as owner trustee. 
 “Trust Indenture
Act” or “TIA” means the Trust Indenture Act of 1939. 
 “Trust Officer” means, in the case of
(a) the Indenture Trustee, any officer within the Corporate Trust Office of the Indenture Trustee, including any managing director, director, vice president, assistant vice president, assistant treasurer, assistant secretary or any other
officer of the Indenture Trustee customarily performing functions similar to those performed by any of the above-designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such
officer’s knowledge of and familiarity with the particular subject, in each case having direct responsibility for the administration of the Basic Documents and, (b) the Owner Trustee, any officer in the Corporate Trust Administration
Department of the Owner Trustee with direct responsibility for the administration of the Trust Agreement and the other Basic Documents on behalf of the Owner Trustee. 

“Trustee Fees” means the fees payable by the Issuer to the Indenture Trustee and the Owner Trustee, which fees shall not
exceed an aggregate amount per annum equal to $100,000. 
 “UCC” means the Uniform Commercial Code, as in effect in the
relevant jurisdiction. 
 “Underwriter” means Credit Suisse Securities (USA) LLC, as underwriter with respect to the Notes
under the Underwriting Agreement. 
 “Underwriting Agreement” means the Underwriting Agreement, dated November
[    ], 2013, among the Underwriter, CRB, and the Depositor. 

  
 AA-26

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