Document:

Form of Administration Agreement

 Exhibit 10.4 
  

 FORM OF 
 ADMINISTRATION AGREEMENT 
 among 
 FIFTH THIRD AUTO TRUST 20[    ]–[    ], 
 as Issuer 
 FIFTH THIRD BANK, 
 an Ohio banking corporation, 
 as Administrator 
 and 
 [                                      
  ], 
 as Indenture Trustee 
 Dated as of [                    ] 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 1.
	  	 Duties of the Administrator
	  	 1

			
	 2.
	  	 Records
	  	 3

			
	 3.
	  	 Compensation; Payment of Fees and Expenses
	  	 3

			
	 4.
	  	 Independence of the Administrator
	  	 3

			
	 5.
	  	 No Joint Venture
	  	 3

			
	 6.
	  	 Other Activities of the Administrator
	  	 3

			
	 7.
	  	 Representations and Warranties of the Administrator
	  	 3

			
	 8.
	  	 Administrator Replacement Events; Termination of the Administrator
	  	 4

			
	 9.
	  	 Action upon Termination or Removal
	  	 6

			
	 10.
	  	 Liens
	  	 6

			
	 11.
	  	 Notices
	  	 6

			
	 12.
	  	 Amendments
	  	 6

			
	 13.
	  	 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial
	  	 8

			
	 14.
	  	 Headings
	  	 9

			
	 15.
	  	 Counterparts
	  	 9

			
	 16.
	  	 Severability of Provisions
	  	 9

			
	 17.
	  	 Not Applicable to The Ohio Bank in Other Capacities
	  	 9

			
	 18.
	  	 Benefits of the Administration Agreement
	  	 9

			
	 19.
	  	 Assignment
	  	 9

			
	 20.
	  	 Nonpetition Covenant
	  	 9

			
	 21.
	  	 Limitation of Liability
	  	 10

			
	 22.
	  	 [Limitation of Rights]
	  	 10

  

 i 

 THIS ADMINISTRATION AGREEMENT (this “Agreement”) dated as of
[                    ], is among FIFTH THIRD AUTO TRUST 20[    ]-[    ], a Delaware statutory trust (the
“Issuer”), FIFTH THIRD BANK, an Ohio banking corporation, as administrator (the “Ohio Bank” or in its capacity as administrator, the “Administrator”), and
[                                        ], a
[                                        ], as
indenture trustee (the “Indenture Trustee”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned such terms in Appendix A to the Sale and Servicing Agreement dated as of
[                    ] (the “Sale and Servicing Agreement”) by and among Depositor, as seller, the Issuer, the Ohio Bank, as
servicer, and the Indenture Trustee. 
 WITNESSETH: 
 WHEREAS, the Issuer has issued the Notes pursuant to the Indenture and the Certificate pursuant to the Trust Agreement and has entered into certain agreements in connection therewith, including,
(i) the Sale and Servicing Agreement, (ii) the Indenture, (iii) the Note Depository Agreement, [(iv) the Interest Rate Swap Agreement] and (v) the Trust Agreement (each of the agreements referred to in clauses
(i) through (v) are referred to herein collectively as the “Issuer Documents”); 
 WHEREAS, to secure payment of the Notes, the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the Indenture; 
 WHEREAS, pursuant to the Issuer Documents, the Issuer and the Owner Trustee are required to perform certain duties; 
 WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and the Owner Trustee (in its capacity as Owner Trustee), and to provide such additional services
consistent with this Agreement and the Issuer Documents as the Issuer may from time to time request; 
 WHEREAS, the
Administrator has the capacity to provide the services required hereby and is willing to perform such services for the Issuer and the Owner Trustee on the terms set forth herein; 
 NOW, THEREFORE, in consideration of the mutual terms and covenants contained herein, and other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
 1. Duties of the Administrator.

 (a) Duties with Respect to the Issuer Documents. The Administrator shall perform all of its duties
as Administrator under this Agreement and the Issuer Documents and the duties and obligations of the Issuer and the Owner Trustee (in its capacity as owner trustee) under the Issuer Documents; provided, however, except as otherwise
provided in the Issuer Documents, that the Administrator shall have no obligation to make any payment required to be made by the Issuer under any Issuer Document; provided, further, however, that the Administrator shall have no obligation,
and the Owner Trustee shall be required to fully perform its duties, with respect to the obligations of the Owner Trustee under Sections 11.13 and 11.14 of the Trust Agreement and to 

  

					
		 		 	Administration Agreement
		 		 	(20[    ]-[    ])

 
otherwise comply with the requirements of the Owner Trustee pursuant to or related to Regulation AB. In addition, the Administrator shall consult with the
Issuer and the Owner Trustee regarding its duties and obligations under the Issuer Documents. The Administrator shall monitor the performance of the Issuer and the Owner Trustee and shall advise the Issuer and the Owner Trustee when action is
necessary to comply with the Issuer’s and the Owner Trustee’s duties and obligations under the Issuer Documents. The Administrator shall perform such calculations, and shall prepare for execution by the Issuer or the Owner Trustee or shall
cause the preparation by other appropriate persons of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee (in its capacity as owner trustee) to prepare, file or
deliver pursuant to the Issuer Documents. In furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer or the Owner Trustee (in its capacity as owner trustee) to take pursuant to the Issuer
Documents, and shall prepare and execute on behalf of the Issuer or the Owner Trustee all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver
pursuant to the Issuer Documents or otherwise by law. 
 (b) No Action by Administrator.
Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not, take any action that the Issuer directs the Administrator not to take nor which would result in a violation or breach of the
Issuer’s covenants, agreements or obligations under any of the Issuer Documents. 
 (c)
Non-Ministerial Matters; Exceptions to Administrator Duties. 
 (i) Notwithstanding anything to the
contrary in this Agreement, with respect to matters that in the reasonable judgment of the Administrator are non-ministerial, the Administrator shall not take any action unless, within a reasonable time before the taking of such action, the
Administrator shall have notified the Issuer of the proposed action and the Issuer shall not have withheld consent or provided an alternative direction. For the purpose of the preceding sentence, “non-ministerial matters” shall include,
without limitation: 
 (A) the initiation of any claim or lawsuit by the Issuer and the compromise of any
action, claim or lawsuit brought by or against the Issuer; 
 (B) the appointment of successor Note
Registrars, successor Paying Agents, successor Indenture Trustees, successor Administrators or successor Servicers, or the consent to the assignment by the Note Registrar, the Paying Agent or the Indenture Trustee of its obligations under the
Indenture; and 
 (C) the removal of the Indenture Trustee. 
 (ii) Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall
not, (x) make any payments to the Noteholders under the Transaction Documents, (y) except as provided in the 

  

					
		 	2	 	Administration Agreement
		 		 	(20[    ]-[    ])

 
Transaction Documents, sell the Trust Estate or (z) take any other action that the Issuer directs the Administrator not to take on its behalf.

 2. Records. The Administrator shall maintain appropriate books of account and records relating to services
performed hereunder, which books of account and records shall be accessible for inspection upon reasonable written request by the Issuer, the Seller and the Indenture Trustee at any time during normal business hours. 
 3. Compensation; Payment of Fees and Expenses. As compensation for the performance of the Administrator’s obligations under
this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $[            ] annually which shall be solely an obligation of the
Servicer. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder. 
 4.
Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer with respect to the manner in which it accomplishes the
performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or to represent the Issuer in any way (other than as permitted hereunder) and shall not otherwise be deemed an
agent of the Issuer. 
 5. No Joint Venture. Nothing contained in this Agreement (i) shall constitute the
Administrator and the Issuer as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be
deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the other. 
 6. Other Activities of the Administrator. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar capacity as an
Administrator for any other Person even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. 
 7. Representations and Warranties of the Administrator. The Administrator represents and warrants to the Issuer and the Indenture Trustee as follows: 
 (a) Existence and Power. The Administrator is a banking corporation validly existing and in good standing under the
laws of its state of organization and has, in all material respects, all power and authority to carry on its business as now conducted. The Administrator has obtained all necessary licenses and approvals in each jurisdiction where the failure to do
so would materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Collateral. 

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

  

					
		 	3	 	Administration Agreement
		 		 	(20[    ]-[    ])

 
regulation, (B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its
property is subject (other than violations which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated
by, or the Administrator’s ability to perform its obligations under, the Transaction Documents). 
 (c)
No Consent Required. No approval or authorization by, or filing with, any Governmental Authority is required in connection with the execution, delivery and performance by the Administrator of any Transaction Document other than (i) UCC
filings, (ii) approvals and authorizations that have previously been obtained and filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse
effect on the enforceability or collectibility of the Receivables or any other part of the Collateral or would not materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents.

 (d) Binding Effect. Each Transaction Document to which the Administrator is a party constitutes the
legal, valid and binding obligation of the Administrator enforceable against the Administrator in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership,
conservatorship or other similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of corporations from time to time in effect or by general principles of equity. 
 8. Administrator Replacement Events; Termination of the Administrator. 
 (a) Subject to clauses (d) and (e) below, the Administrator may resign its duties hereunder by
providing the Issuer with at least sixty (60) days’ prior written notice. 
 (b) Subject to
clauses (d) and (e) below, the Issuer may remove the Administrator without cause by providing the Administrator with at least sixty (60) days’ prior written notice; provided, that the Rating Agency Condition
shall have been satisfied in connection therewith. 
 (c) The occurrence of any one of the following events
(each, an “Administrator Replacement Event”) shall also entitle the Issuer, subject to Section 19 hereof, to terminate and replace the Administrator: 
 (i) any failure by the Administrator to deliver or cause to be delivered any required payment to the Indenture Trustee for
distribution to the Noteholders, which failure continues unremedied for ten business days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or
Noteholders evidencing at least a majority of the Outstanding Note Balance, voting together as a single class; 
 (ii) any failure by the Administrator to duly observe or perform in any material respect any other of its covenants or agreements in this Agreement, 

  

					
		 	4	 	Administration Agreement
		 		 	(20[    ]-[    ])

 
which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which continues unremedied for 90 days after discovery
thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at least a majority of the Outstanding Note Balance, voting together as a single
class; 
 (iii) any representation or warranty of the Administrator made in any Transaction Document to which
the Administrator is a party or by which it is bound or any certificate delivered pursuant to this Agreement proves to have been incorrect in any material respect when made, which failure materially and adversely affects the rights of the Issuer or
the Noteholders, and which failure continues unremedied for 90 days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing
at least a majority of the Outstanding Note Balance, voting together as a single class (it being understood that any repurchase of a Receivable by the Michigan Bank pursuant to Section 3.3 of the Michigan Sale Agreement, the Ohio Bank
pursuant to Section 3.3 of the Ohio Sale Agreement, FTH LLC pursuant to Section 3.3 of the Purchase Agreement, by the Seller pursuant to Section 2.3 of the Sale and Servicing Agreement or by the Servicer pursuant
to Section 3.6 of the Sale and Servicing Agreement shall be deemed to remedy any incorrect representation or warranty with respect to such Receivable); or 
 (iv) the Administrator suffers a Bankruptcy Event; 
 provided, however, that a delay in or failure of performance referred to under clauses (i), (ii) or (iii) above for a period of 150 days will not constitute
an Administrator Replacement Event if such delay or failure was caused by force majeure or other similar occurrence. 
 (d) If an Administrator Replacement Event shall have occurred, the Issuer may, subject to Section 19 hereof, by notice given to the Administrator and the Owner Trustee, terminate all or a portion of the
rights and powers of the Administrator under this Agreement, including the rights of the Administrator to receive the annual fee for services hereunder for all periods following such termination; provided, however, that such
termination shall not become effective until such time as the Issuer, subject to Section 19 hereof, shall have appointed a successor Administrator in the manner set forth below. Upon any such termination, all rights, powers, duties and
responsibilities of the Administrator under this Agreement shall vest in and be assumed by any successor Administrator appointed by the Issuer, subject to Section 19 hereof, pursuant to a management agreement between the Issuer and such
successor Administrator, containing substantially the same provisions as this Agreement (including with respect to the compensation of such successor Administrator), and the successor Administrator is hereby irrevocably authorized and empowered to
execute and deliver, on behalf of the Administrator, as attorney-in-fact or otherwise, all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect such vesting and assumption. Further, in
such event, the Administrator shall use its commercially 

  

					
		 	5	 	Administration Agreement
		 		 	(20[    ]-[    ])

 
reasonable efforts to effect the orderly and efficient transfer of the administration of the Issuer to the new Administrator. 
 (e) The Issuer, subject to Section 19 hereof, may waive in writing any Administrator Replacement Event by the
Administrator in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past Administrator Replacement Event, such Administrator Replacement Event shall cease to exist, and any Administrator Replacement 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 Administrator Replacement Event or impair any right consequent thereon. 
 9. Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to
Section 8, or the removal of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or
removal. 
 10. Liens. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on
the Collateral other than Permitted Liens. 
 11. Notices. All demands, notices and communications hereunder shall be
in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile, and addressed in each case as specified on Schedule II to the
Sale and Servicing Agreement or at such other address as shall be designated by any of the specified addressees in a written notice to the other parties hereto. Delivery shall occur only upon receipt or reported tender of such communication by an
officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder. 
 12. Amendments. 
 (a) Any term or provision of this Agreement may be amended by the
Administrator without the consent of the Indenture Trustee, any Noteholder, the Issuer, [the Swap Counterparty], the Owner Trustee or any other Person subject to subsection (e) of this Section 12 and the satisfaction of one
of the following conditions: 
 (i) the Administrator delivers an Opinion of Counsel to the Indenture Trustee
to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; 
 (ii) the Administrator delivers an Officer’s Certificate of the Administrator to the Indenture Trustee to the effect that such amendment will not materially or adversely affect the interests of the Noteholders; or 
 (iii) the Administrator delivers to the Indenture Trustee written confirmation from each Rating Agency that such amendment
will not cause it to downgrade, qualify or withdraw its rating assigned to any of the Notes; 
  

					
		 	6	 	Administration Agreement
		 		 	(20[    ]-[    ])

 provided, that any amendment entered into pursuant to this Section 12(a) shall not
significantly change the permitted activities of the Issuer; [provided, further, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty or the Issuer under the Interest Rate Swap
Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty does not object in writing within ten (10) Business Days after receipt of a
written request for such consent)]. 
 (b) Any term or provision of this Agreement may be amended by the
Administrator but without the consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to enable the Seller, the
Servicer, FTH LLC, or any of their Affiliates to comply with or obtain more favorable treatment under any law or regulation or any accounting rule or principle (whether now or in the future), it being a condition to any such amendment that the
Rating Agency Condition shall have been satisfied provided, that any amendment entered into pursuant to this Section 12(b) shall not significantly change the permitted activities of the Issuer. 
 (c) This Agreement may also be amended from time to time by the Issuer, the Administrator and the Indenture Trustee, with
the consent of the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance, voting as a single class, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Agreement or of modifying in any manner the rights of the Noteholders; [provided, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty or the Issuer under the Interest Rate Swap
Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty does not object in writing within ten (10) Business Days after receipt of a
written request for such consent)]. It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of
obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders will be subject to such reasonable requirements as the Indenture Trustee may
prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 
 (d) Prior
to the execution of any such amendment, the Administrator shall provide written notification of the substance of such amendment to each Rating Agency and the Owner Trustee; and promptly after the execution of any such amendment or consent, the
Administrator shall furnish a copy of such amendment or consent to each Rating Agency, the Owner Trustee and the Indenture Trustee. 
 (e) Prior to the execution of any amendment to this Agreement, the Issuer, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the
execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to the execution and delivery of such amendment have been satisfied. The Owner Trustee and 

  

					
		 	7	 	Administration Agreement
		 		 	(20[    ]-[    ])

 
the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which materially and adversely affects the Owner Trustee’s or
the Indenture Trustee’s, as applicable, own rights, privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents or otherwise. Furthermore, notwithstanding anything to the contrary herein, this Agreement may
not be amended in any way that would 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 Transaction Documents
or otherwise without prior written consent of such Person. 
 13. Governing Law; Submission to Jurisdiction; Waiver of
Jury Trial. 
 (a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL,
SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 (b) Each of the parties hereto hereby
irrevocably and unconditionally: 
 (i) submits for itself and its property in any legal action or proceeding
relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the
courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
 (ii) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was
brought in an inconvenient court and agrees not to plead or claim the same; 
 (iii) agrees that service of
process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with
Section 11 of this Agreement; 
 (iv) agrees that nothing herein shall affect the right to effect
service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (v) to the extent permitted by applicable law, each party hereto irrevocably waives all right of trial by jury in any action, proceeding or counterclaim based on, or arising out of, under or in connection with
this 

  

					
		 	8	 	Administration Agreement
		 		 	(20[    ]-[    ])

 
Agreement, any other Transaction Document, or any matter arising hereunder or thereunder. 
 14. Headings. The section headings hereof have been inserted for convenience of reference only and shall not be construed to
affect the meaning, construction or effect of this Agreement. 
 15. Counterparts. This Agreement may be executed in
any number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 
 16. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement.

 17. Not Applicable to The Ohio Bank in Other Capacities. Nothing in this Agreement shall affect any obligation the
Ohio Bank may have in any other capacity. 
 18. Benefits of the Administration Agreement. Nothing in this Agreement,
expressed or implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture[, the Swap Counterparty] and
the Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and
may enforce the provisions hereof as if it were a party hereto. 
 19. Assignment. Each party hereto hereby
acknowledges and consents to the mortgage, pledge, assignment and Grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all of the Issuer’s rights under this
Agreement. In addition, the Administrator hereby acknowledges and agrees that for so long as any Notes are outstanding, the Indenture Trustee will have the right to exercise all waivers and consents, rights, remedies, powers, privileges and claims
of the Issuer under this Agreement. 
 20. Nonpetition Covenant. Each party hereto agrees that, prior to the date
which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party shall not authorize any Bankruptcy Remote Party to commence
a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter
in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to
any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the 

  

					
		 	9	 	Administration Agreement
		 		 	(20[    ]-[    ])

 
benefit of, its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) none of the parties hereto shall
commence or join with any other Person in commencing any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. 
 21. Limitation of Liability. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and
delivered by [            ], not in its individual capacity but solely as Owner Trustee, and in no event shall it have any liability for the representations, warranties, covenants,
agreements or other obligations of the Issuer hereunder or under the Notes or any of the other Transaction Documents or in any of the certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to
the assets of the Issuer. Under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expense of the Issuer or be liable for the breach or failure of any obligations, representation, warranty or
covenant made or undertaken by the Issuer under the Transaction Documents. For the purposes of this Agreement, in the performance of its duties or obligations 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. 
 22. [Limitation of
Rights]. [All of the rights of the Swap Counterparty in, to and under this Agreement, if any, shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts
owing to the Swap Counterparty under such Interest Rate Swap Agreement.] 
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		 	10	 	Administration Agreement
		 		 	(20[    ]-[    ])

 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and
delivered as of the day and year first above written. 
  

			
	 FIFTH THIRD AUTO TRUST 20[    ]-[    ]

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

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-1	 	Administration Agreement
		 		 	(20[    ]-[    ])

			
	 FIFTH THIRD BANK, an Ohio banking
corporation, as Administrator

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-2	 	Administration Agreement
		 		 	(20[    ]-[    ])

			
	 [                                       
 ], not in its individual
capacity but solely as Indenture Trustee

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-3	 	Administration Agreement
		 		 	(20[    ]-[    ])

 Joinder of Servicer: 
 Fifth Third Bank, an Ohio banking corporation, as Servicer, joins in this Agreement solely for purposes of Section 3. 
  

			
	 FIFTH THIRD BANK, an Ohio banking
corporation, as Servicer

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-4	 	Administration Agreement
		 		 	(20[    ]-[    ])Form of Receivables Sale Agreement

 Exhibit 10.5 
  

 FORM OF 
 RECEIVABLES SALE AGREEMENT 
 dated as of
[                    ] 
 between

 [ORIGINATOR], 
 and

 FIFTH THIRD HOLDINGS, LLC 
  

 TABLE OF CONTENTS 
  

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

  

 -i- 

 EXHIBITS 
  

			
	 Exhibit A
	 	 Form of Assignment Pursuant to Receivables Sale Agreement

	 Schedule I
	 	 Representations and Warranties With Respect to the Receivables

	 Schedule II
	 	 Perfection Representations, Warranties and Covenants

	 Schedule III
	 	 Schedule of [Originator] Receivables

 THIS PURCHASE AGREEMENT is made and entered into as of
[                    ] (as amended from time to time, this “Agreement”) by [ORIGINATOR], a
[                    ], and FIFTH THIRD HOLDINGS, LLC, a Delaware limited liability company (“FTH LLC”). 
 WITNESSETH: 
 WHEREAS, FTH
LLC desires to purchase from [Originator] a portfolio of motor vehicle receivables, including retail motor vehicle installment sales contracts and/or installment loans that are secured by new and used automobiles and light-duty trucks; and

 WHEREAS, [Originator] is willing to sell such portfolio of motor vehicle receivables and related property to FTH LLC on
the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual
agreements set forth herein, the parties hereto agree as follows: 
 ARTICLE I 
 DEFINITIONS AND USAGE 
 SECTION 1.1 Definitions. Except as
otherwise defined herein or as the context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Appendix A to the Sale and Servicing Agreement dated as of the date hereof (as from time to time
amended, supplemented or otherwise modified and in effect, the “Sale and Servicing Agreement”) among Fifth Third Auto Trust 20[ ]-[ ], Fifth Third Bank, an Ohio banking corporation, as servicer, Fifth Third Holdings Funding, LLC, as
seller, and [            ], as indenture trustee. 
 SECTION 1.2
Other Interpretive Provisions. For purposes of this Agreement, unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not
defined, shall have the respective meanings given to them under GAAP; (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement are used as defined in that Article;
(c) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement; (d) references to any Article, Section,
Schedule, Appendix or Exhibit are references to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such
paragraph, subsection, clause or other subdivision of such Section or definition; (e) the term “including” means “including without limitation”; (f) except as otherwise expressly provided herein, references to any law
or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; and (g) references to any Person include that Person’s successors and assigns. 

					
		 		 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

 ARTICLE II 
 PURCHASE 
 SECTION 2.1 Agreement to Sell and Contribute on the Closing Date. On the
terms and subject to the conditions set forth in this Agreement, [Originator] agrees to transfer, assign, set over, sell and otherwise convey to FTH LLC without recourse (subject to the obligations herein) on the Closing Date all of its right, title
and interest in, to and under the Receivables described on Schedule III hereto, the Collections after the Cut-Off Date, the Receivable Files and the Related Security relating thereto, described in an Assignment in the form of Exhibit A delivered on
the Closing Date (the “[Originator] Sold Assets”) having a Net Pool Balance as of the Cut-Off Date equal to $[            ], which sale shall be effective as of the Cut-Off
Date. The sale, transfer, assignment and conveyance made hereunder does not constitute and is not intended to result in an assumption by FTH LLC of any obligation of [Originator] or the applicable [Originator] to the Obligors, the Dealers or any
other Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. 
 SECTION 2.2 Consideration and Payment. In consideration of the transfer of the [Originator] Sold Assets conveyed to FTH LLC on the Closing Date, FTH LLC shall pay in cash to [Originator]
on such date an amount equal to $[            ], representing the estimated fair market value of the [Originator] Sold Assets on the Closing Date. 
 ARTICLE III 
 REPRESENTATIONS, WARRANTIES AND
COVENANTS 
 SECTION 3.1 Representations and Warranties of [Originator]. [Originator] makes the following
representations and warranties as of the Closing Date on which FTH LLC will be deemed to have relied in acquiring the [Originator] Sold Assets. The representations and warranties will survive the conveyance of the [Originator] Sold Assets to FTH LLC
pursuant to this Agreement, the conveyance of the [Originator] Sold Assets to the Issuer pursuant to the Sale and Servicing Agreement and the Grant thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 
 (a) Existence and Power. [Originator] is a
[                            ] validly existing and in good standing under the laws of its state of
organization and has, in all material respects, all power and authority to carry on its business as it is now conducted. [Originator] has obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially
and adversely affect the ability of [Originator] to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the [Originator] Sold Assets. 
 (b) Authorization and No Contravention. The execution, delivery and performance by [Originator] of the Transaction Documents to
which it is a party (i) have been duly authorized by all necessary action on the part of [Originator] and (ii) do not contravene or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational documents or (C)

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 
any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than violations which do not affect the
legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or [Originator]’s ability to perform its obligations under,
the Transaction Documents). 
 (c) No Consent Required. No approval or authorization by, or filing with, any
Governmental Authority is required in connection with the execution, delivery and performance by [Originator] of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and
filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectibility of the Receivables or any other part of the
[Originator] Sold Assets or would not materially and adversely affect the ability of [Originator] to perform its obligations under the Transaction Documents. 
 (d) Binding Effect. Each Transaction Document to which [Originator] is a party constitutes the legal, valid and binding obligation of [Originator] enforceable against [Originator] in
accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other similar laws affecting the enforcement of creditors’ rights
generally and, if applicable, the rights of creditors of corporations from time to time in effect or by general principles of equity. 
 (e) No Proceedings. There are no actions, suits or proceedings pending or, to the knowledge of [Originator], threatened against [Originator] before or by any Governmental Authority that (i) assert the
invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other
Transaction Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by [Originator] of its obligations under this Agreement or any of the other Transaction Documents or the collectibility or
enforceability of the Receivables, or (iv) relate to [Originator] that would materially and adversely affect the federal or Applicable Tax State income, excise, franchise or similar tax attributes of the Notes. 
 (f) Lien Filings. [Originator] is not aware of any material judgment, ERISA or tax lien filings against [Originator]. 

SECTION 3.2 Representations and Warranties of [Originator] as to each Receivable. [Originator] hereby makes the representations
and warranties set forth on Schedule I as to the Receivables sold, contributed, transferred, assigned, set over and otherwise conveyed to FTH LLC under this Agreement on which such representations and warranties FTH LLC relies in acquiring the
Receivables. (For the avoidance of doubt, it is understood that [Originator] makes representations and warranties only with respect to the Receivables described on Schedule III hereto.) Such representations and warranties shall survive the sale of
the Receivables to the Seller under the Purchase Agreement, the sale of the Receivables by the Seller to the Issuer under the Sale and Servicing Agreement, and the Grant of the Receivables by the Issuer to the Indenture Trustee pursuant to the
Indenture. Notwithstanding any statement to the contrary contained herein or in any other Transaction Document, [Originator] shall not be required to 

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 
notify any insurer with respect to any Insurance Policy obtained by an Obligor or to notify any Dealer about any aspect of the transaction contemplated by
the Transaction Documents. 
 SECTION 3.3 Repurchase upon Breach. Upon discovery by or notice to FTH LLC or
[Originator] of a breach of any of the representations and warranties set forth in Section 3.2 at the time such representations and warranties were made which materially and adversely affects the interests of the Issuer or the Noteholders, the
party discovering such breach or receiving such notice shall give prompt written notice thereof to the other party; provided, that delivery of the Servicer’s Certificate shall be deemed to constitute prompt notice of such breach;
provided, further, that the failure to give such notice shall not affect any obligation of [Originator] hereunder. If [Originator] does not correct or cure such breach prior to the end of the Collection Period which includes the 60th
day (or, if [Originator] elects, an earlier date) after the date that [Originator] became aware or was notified of such breach, then [Originator] shall purchase any Receivable materially and adversely affected by such breach from FTH LLC on the
Payment Date following the end of such Collection Period. Any such breach or failure will not be deemed to have a material and adverse effect if such breach or failure does not affect the ability of FTH LLC (or its assignee) to receive and retain
timely payment in full on such Receivable. Any such purchase by [Originator] shall be at a price equal to the Repurchase Price. In consideration for such repurchase, [Originator] shall make (or shall cause to be made) a payment to FTH LLC equal to
the Repurchase Price by depositing such amount into the Collection Account prior to 11:00 a.m., New York City time on such Payment Date. Upon payment of such Repurchase Price by [Originator], FTH LLC shall release and shall execute and deliver such
instruments of release, transfer or assignment, in each case without recourse or representation, as may be reasonably requested by [Originator] to evidence such release, transfer or assignment or more effectively vest in [Originator] or its designee
any Receivable repurchased pursuant hereto. It is understood and agreed that the obligation of [Originator] to purchase any Receivable as described above shall constitute the sole remedy respecting such breach available to FTH LLC. 
 SECTION 3.4 Protection of Title. 
 (a) [Originator] shall authorize and file such financing statements and cause to be authorized and filed such continuation and other statements, all in such manner and in such places as may be required by law fully to
preserve, maintain and protect the interest of FTH LLC under this Agreement in the Receivables. [Originator] shall deliver (or cause to be delivered) to FTH LLC file-stamped copies of, or filing receipts for, any document filed as provided above, as
soon as available following such filing. 
 (b) [Originator] shall not change its name, identity, corporate structure or
jurisdiction of organization in any manner that would make any financing statement or continuation statement filed by [Originator] in accordance with paragraph (a) above “seriously misleading” within the meaning of Sections
9-506, 9-507 or 9-508 of the UCC, unless it shall have given FTH LLC at least five (5) days prior written notice thereof and, to the extent necessary, shall have promptly filed amendments to previously filed financing statements or continuation
statements described in paragraph (a) above. 
 (c) [Originator] shall give FTH LLC at least ten (10) days prior
written notice of any change of location of [Originator] for purposes of Section 9-307 of the UCC and shall have taken 

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 
all action prior to making such change (or shall have made arrangements to take such action substantially simultaneously with such change, if it is not
possible to take such action in advance) reasonably necessary or advisable in the opinion of FTH LLC to amend all previously filed financing statements or continuation statements described in paragraph (a) above. 
 (d) [Originator] shall maintain (or shall cause the Servicer to maintain) its computer systems so that, from time to time after the
conveyance under this Agreement of the Receivables, the master computer records (including any backup archives) that refer to a Receivable shall indicate clearly the interest of FTH LLC (or any subsequent assignee of FTH LLC) in such Receivable and
that such Receivable is owned by such Person. Indication of such Person’s interest in a Receivable shall not be deleted from or modified on such computer systems until, and only until, the related Receivable shall have been paid in full or
repurchased. 
 (e) If at any time [Originator] shall propose to sell, grant a security interest in or otherwise transfer any
interest in motor vehicle receivables to any prospective purchaser, lender or other transferee, [Originator] shall give to such prospective purchaser, lender or other transferee computer tapes, records or printouts (including any restored from
backup archives) that, if they shall refer in any manner whatsoever to any Receivable, shall indicate clearly that such Receivable has been sold and is owned by FTH LLC (or any subsequent assignee of FTH LLC). 
 SECTION 3.5 Other Liens or Interests. Except for the conveyances and grants of security interests pursuant to this Agreement and
the other Transaction Documents, [Originator] shall not sell, pledge, assign or transfer the Receivables or other property transferred to FTH LLC to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted
Liens) on any interest therein, and [Originator] shall defend the right, title and interest of FTH LLC in, to and under such Receivables or other property transferred to FTH LLC against all claims of third parties claiming through or under
[Originator]. 
 SECTION 3.6 Perfection Representations, Warranties and Covenants. [Originator] hereby makes the
perfection representations, warranties and covenants set forth on Schedule II hereto to FTH LLC and FTH LLC shall be deemed to have relied on such representations, warranties and covenants in acquiring the [Originator] Sold Assets.

 SECTION 3.7 [FDIC Rule; Official Record] 
 (a) [The parties hereto intend that (A) the FDIC Rule shall apply to the transactions contemplated by this Agreement and the other Transaction Documents and (B) the transactions
contemplated by this Agreement and the other Transaction Documents, taken as a whole, constitute a “securitization” within the meaning of the FDIC Rule.] 
 (b) [So long as the Notes remain outstanding, this Agreement shall be treated as an official record of [Originator] within the meaning of Section 13(e) of the Federal Deposit Insurance Act
(12 U.S.C. Section 1823(e))]. 
 ARTICLE IV 
 MISCELLANEOUS 

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 SECTION 4.1 Transfers Intended as Sale; Security Interest. 
 (a) Each of the parties hereto expressly intends and agrees that the transfers contemplated and effected under this Agreement are complete
and absolute sales and contributions rather than pledges or assignments of only a security interest and shall be given effect as such for all purposes. It is further the intention of the parties hereto that the Receivables and related [Originator]
Sold Assets shall not be part of [Originator]’s estate in the event of a bankruptcy or insolvency of [Originator]. The sales and transfers by [Originator] of the Receivables and related [Originator] Sold Assets hereunder are and shall be
without recourse to, or representation or warranty (express or implied) by, [Originator], except as otherwise specifically provided herein. The limited rights of recourse specified herein against [Originator] are intended to provide a remedy for
breach of representations and warranties relating to the condition of the property sold, rather than to the collectibility of the Receivables. 
 (b) Notwithstanding the foregoing, in the event that the Receivables and other [Originator] Sold Assets are held to be property of [Originator], or if for any reason this Agreement is held or deemed to create
indebtedness or a security interest in the Receivables and other [Originator] Sold Assets, then it is intended that: 
 (i) This Agreement shall be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York UCC and the UCC of any other applicable jurisdiction; 
 (ii) The conveyance provided for in Section 2.1 shall be deemed to be a grant by [Originator] of, and [Originator]
hereby grants to FTH LLC, a security interest in all of its right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in and to the Receivables and other [Originator] Sold Assets, to secure
such indebtedness and the performance of the obligations of [Originator] hereunder; 
 (iii) The possession by
FTH LLC or its agent of the Receivable Files and any other property as constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by FTH LLC or a person
designated by FTH LLC, for purposes of perfecting the security interest pursuant to the New York UCC and the UCC of any other applicable jurisdiction; and 
 (iv) Notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed to be notifications to, or acknowledgments,
receipts or confirmations from, bailees or agents (as applicable) of FTH LLC for the purpose of perfecting such security interest under applicable law. 
 SECTION 4.2 Notices, Etc. All demands, notices and communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand
delivery, prepaid courier service, or by facsimile and addressed in each case as specified on Schedule II to the Sale and Servicing Agreement, or at such other address as shall be designated by any of the specified addressees in a written
notice to the other 

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 
parties hereto. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of such
Noteholder as shown in the Note Register. Delivery shall occur only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder;
provided, however, that any notice to a Noteholder mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 
 SECTION 4.3 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF
THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION 4.4 Headings. The section headings hereof have been inserted for
convenience only and shall not be construed to affect the meaning, construction or effect of this Agreement. 
 SECTION 4.5
Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 
 SECTION 4.6 Amendment. 
 (a) Any term or provision of this Agreement may be amended by [Originator] and FTH LLC without the consent of the Indenture Trustee, any Noteholder, the Issuer, [the Swap Counterparty,] the Owner Trustee or any other
Person subject to subsection (e) of this Section 4.6 and the satisfaction of one of the following conditions: 
 (i) [Originator] or FTH LLC delivers an Opinion of Counsel to the Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; 
 (ii) [Originator] or FTH LLC delivers an Officer’s Certificate of [Originator] or FTH LLC, respectively, to the
Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; or 
 (iii) [Originator] or FTH LLC delivers to the Indenture Trustee written confirmation from each Rating Agency that such amendment will not cause it to downgrade, qualify or withdraw its rating assigned to any of the
Notes; 
 provided, that any amendment entered into pursuant to this Section 4.6(a) shall not significantly change the permitted
activities of the Issuer [provided, further, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty or the Issuer under the Interest Rate Swap Agreement unless the Swap Counterparty shall
have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap 

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 
Counterparty does not object in writing within ten (10) Business Days after receipt of a written request for such consent)]. 
 (b) Any term or provision of this Agreement may be amended by [Originator] and FTH LLC without the consent of the Indenture Trustee, any
Noteholder, the Issuer, the Owner Trustee, the Servicer or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to enable [Originator], FTH LLC or any of their Affiliates to 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), it being a condition to any such amendment that the Rating Agency Condition shall have been satisfied provided, that
any amendment entered into pursuant to this Section 4.6(b) shall not significantly change the permitted activities of the Issuer. 
 (c) This Agreement may also be amended from time to time by [Originator] and FTH LLC, with the consent of the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance, voting as a single
class, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders. It will not be necessary for the consent of Noteholders
to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this
Agreement) and of evidencing the authorization of the execution thereof by Noteholders will be subject to such reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note
Depository Agreement. 
 (d) Prior to the execution of any such amendment, [Originator] shall provide written notification of
the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment or consent, [Originator] shall furnish a copy of such amendment or consent to each Rating Agency and the Indenture Trustee. 
 (e) Prior to the execution of any amendment to this Agreement, FTH LLC, the Owner Trustee, the Servicer and the Indenture Trustee shall
be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to the execution and delivery of such amendment have
been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which materially and adversely affects the Owner Trustee’s or the Indenture Trustee’s, as applicable, own rights,
privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents or otherwise. Furthermore, notwithstanding anything to the contrary herein, this Agreement may not be amended in any way that would 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 Transaction Documents or otherwise without the prior written consent of
such Person. 
 SECTION 4.7 Waivers. No failure or delay on the part of FTH LLC, the Servicer, [Originator], the
Issuer or the Indenture Trustee in exercising any power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor 

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 
shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right.
No notice to or demand on FTH LLC or [Originator] in any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by either party under this Agreement shall, except as may otherwise be stated in such
waiver or approval, be applicable to subsequent transactions. No waiver or approval under this Agreement shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder. 
 SECTION 4.8 Entire Agreement. The Transaction Documents contain a final and complete integration of all prior expressions by the
parties hereto with respect to the subject matter thereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof, superseding all prior oral or written understandings. There are no unwritten
agreements among the parties. 
 SECTION 4.9 Severability of Provisions. If any one or more of the covenants,
agreements, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this
Agreement and shall in no way affect the validity or enforceability of the other provisions of this Agreement. 
 SECTION
4.10 Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement shall create and constitute the continuing obligations of the
parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree. 
 SECTION 4.11 Acknowledgment and Agreement. By execution below, [Originator] expressly acknowledges and consents to the sale of the [Originator] Sold Assets and the assignment of all rights and obligations of
[Originator] related thereto by FTH LLC to the Issuer pursuant to the Sale and Servicing Agreement and the Grant of a security interest in the Receivables and the other [Originator] Sold Assets by the Issuer to the Indenture Trustee pursuant to the
Indenture for the benefit of the Noteholders [and the Swap Counterparty]. In addition, [Originator] hereby acknowledges and agrees that for so long as the Notes are outstanding, the Indenture Trustee will have the right to exercise all powers,
privileges and claims of FTH LLC under this Agreement. 
 SECTION 4.12 Cumulative Remedies. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION 4.13 Nonpetition Covenant. Each
party hereto agrees that, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party hereto shall not
authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to 

					
		 	  
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		 		 	([Originator]) (20[ ]-[ ])

 
such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession by any
such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote
Party, and (ii) none of the parties hereto shall commence or join with any other Person in commencing any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or
hereafter in effect in any jurisdiction. This Section shall survive the termination of this Agreement. 
 SECTION 4.14
Submission to Jurisdiction; Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to
the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have
to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage
prepaid, to such Person at its address determined in accordance with Section 4.2 of this Agreement; 
 (d) agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (e) to the extent permitted by applicable law, each party hereto irrevocably waives all right of trial by jury in any action, proceeding or counterclaim based on, or arising out of,
under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder. 
 SECTION 4.15 [Limitation of Rights]. [All of the rights of the Swap Counterparty in, to and under this Agreement, if any, shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof
and the payment in full of all amounts owing to the Swap Counterparty under such Interest Rate Swap Agreement.] 
 [Remainder of Page
Intentionally Left Blank] 

					
		 	  
 -10-
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

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

			
	 [ORIGINATOR]

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 FIFTH THIRD HOLDINGS, LLC

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

					
		 	  
 S-1
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

 EXHIBIT A 
 FORM OF 
 ASSIGNMENT PURSUANT TO RECEIVABLES SALE AGREEMENT 
 [                        ] 

 For value received, in accordance with the Receivables Sale Agreement dated as of
[                    ], (the “Agreement”), between [Originator], a
[                            ] (“[Originator]”), and Fifth Third Holdings, LLC, a Delaware
limited liability company (the “FTH LLC”), on the terms and subject to the conditions set forth in the Agreement, [Originator] does hereby transfer, assign, set over, sell and otherwise convey to FTH LLC without recourse (subject to
the obligations in the Agreement) on the Closing Date, all of its right, title and interest in, to and under the Receivables set forth on the schedule of Receivables delivered by [Originator] to FTH LLC on the date hereof (such schedule, the
“[Originator] Schedule of Receivables”), the Collections after the Cut-Off Date, the Receivables Files and the Related Security relating thereto, which sale shall be effective as of the Cut-Off Date. 
 The foregoing sale does not constitute and is not intended to result in any assumption by FTH LLC of any obligation of the undersigned or
the [Originator] to the Obligors, the Dealers or any other Person in connection with the Receivables, or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. 
 This assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in
the Agreement and is governed by the Agreement. 
 Capitalized terms used herein and not otherwise defined shall have the
meaning assigned to them in the Agreement. 
 [Remainder of page intentionally left blank] 

					
		 	  
 A-1
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

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

			
	 [ORIGINATOR]

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

					
		 	  
 A-2
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

 SCHEDULE I 
 REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE RECEIVABLES 
 DESCRIBED ON SCHEDULE III AND
TRANSFERRED BY [ORIGINATOR] TO FTH 
 LLC 
  

	 (a)
	 Characteristics of Receivables. Each Receivable: 

  

	 	 (i)
	 has been fully and properly executed by the Obligor thereto; 

  

	 	 (ii)
	 has either (A) been originated by a Dealer in the ordinary course of such Dealer’s business to finance the retail sale by a Dealer of the related
Financed Vehicle and has been purchased by [Originator] in the ordinary course of its respective business or (B) has been originated or acquired directly by [Originator] in accordance with its customary practices; 

 

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

  

	 	 (iv)
	 contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the
benefits of the security; 

  

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

  

	 	 (vi)
	 provides for interest at the Contract Rate specified in the Schedule of Receivables; and 

  

	 	 (vii)
	 was originated in the United States. 

  

	 (b)
	 Individual Characteristics. Each Receivable has the following individual characteristics as of the Cut-Off Date: 

  

	 	 (i)
	 each Receivable is secured by a new or used automobile or light-duty truck; 

  

	 	 (ii)
	 each Receivable has a Contract Rate of no less than [    ]% and not more than [    ]%; 

  

					
		 	  
 Schedule I-1
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

	 	 (iii)
	 each Receivable had an original term to maturity of not more than [    ] months and not less than [    ] months and each
Receivable has a remaining term to maturity, as of the Cut-Off Date, of [    ] month[s] or more; 

  

	 	 (iv)
	 each Receivable has an Outstanding Principal Balance as of the Cut-Off Date of greater than or equal to
$[            ]; 

  

	 	 (v)
	 no Receivable has a scheduled maturity date later than [    ]; 

  

	 	 (vi)
	 no Receivable was more than 30 days past due as of the Cut-Off Date; 

  

	 	 (vii)
	 as of the Cut-Off Date, no Receivable was noted in the records of the Servicer as being the subject of any pending bankruptcy or insolvency proceeding;

  

	 	 (viii)
	 no Receivable is subject to a force-placed Insurance Policy on the related Financed Vehicle; 

  

	 	 (ix)
	 each Receivable is a Simple Interest Receivable; 

  

	 	 (x)
	 each of the Receivables were selected using selection procedures that were not known or intended by [Originator] to be adverse to FTH LLC; and

  

	 	 (xi)
	 the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of such Receivable. 

  

	 (c)
	 Schedule of Receivables. The information with respect to a Receivable transferred on the Closing Date set forth in the Schedule of Receivables was true
and correct in all material respects as of the Cut-Off Date. 

  

	 (d)
	 Compliance with Law. The Receivable complied at the time it was originated or made, in all material respects with all requirements of applicable federal,
state and local laws, and regulations thereunder, including, to the extent applicable, usury laws, the Federal Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Federal Trade Commission Act, the Fair Debt
Collection Practices Act, the Fair Credit Billing Act, the Magnuson-Moss Warranty Act, Federal Reserve Board Regulations B and Z, the Servicemembers Civil Relief Act, state adaptations of the National Consumer Act and of the Uniform Consumer Credit
Code and any other consumer credit, equal opportunity and disclosure laws applicable to that Receivable. 

  

	 (e)
	 Binding Obligation. The Receivable constitutes the legal, valid and binding payment obligation in writing of the Obligor, enforceable in all respects by
the holder thereof in accordance with its terms, subject, as to enforcement, to applicable bankruptcy, insolvency, reorganization, liquidation or other similar laws and equitable principles relating to or affecting the enforcement of creditors’
rights generally. 

  

	 (f)
	 Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor has the related Financed Vehicle been released from the lien
granted by the Receivable in whole or in part. 

					
		 	  
 Schedule I-2
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

	 (g)
	 No Waiver. As of the Cut-Off Date, no provision of a Receivable has been waived. 

  

	 (h)
	 No Default. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not
disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default,
breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date. 

  

	 (i)
	 Insurance. The Receivable requires the Obligor thereunder to insure the Financed Vehicle under a physical damage insurance policy.

  

	 (j)
	 No Government Obligor. The Obligor on the Receivable is not the United States of America or any state thereof or any local government, or any agency,
department, political subdivision or instrumentality of the United States of America or any state thereof or any local government. 

  

	 (k)
	 Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer, assignment, conveyance or
pledge of such Receivable would be unlawful, void, or voidable. [Originator] has not entered into any agreement with any Obligor that prohibits, restricts or conditions the assignment of the related Receivable. 

  

	 (l)
	 Good Title. It is the intention of [Originator] that the sale, contribution, transfer, assignment and conveyance herein contemplated constitute an
absolute sale, contribution, transfer, assignment and conveyance of the Receivables and that the Receivables not be part of [Originator]’s estate in the event of the filing of a bankruptcy petition by or against FTH LLC under any bankruptcy
law. No Receivable has been sold, transferred, assigned, conveyed or pledged to any Person other than pursuant to the Transaction Documents. As of the Closing Date, and immediately prior to the sale and transfer herein contemplated, [Originator] had
good and marketable title to each Receivable free and clear of all Liens, and, immediately upon the sale and transfer thereof, FTH LLC will have good and marketable title to each Receivable, free and clear of all Liens (other than Permitted Liens).

  

	 (m)
	 Filings. All filings (including, without limitation, UCC filings) necessary in any jurisdiction to give the Issuer a first priority, validly perfected
ownership interest in the Receivables (other than the Related Security with respect thereto), and to give the Indenture Trustee a first priority perfected security interest therein, will be made within ten days of the Closing Date.

  

	 (n)
	 Priority. The Receivable is not pledged, assigned, sold, subject to a security interest, or otherwise conveyed other than pursuant to the Transaction
Documents. [Originator] has not authorized the filing of and is not aware of any financing statements against [Originator] or FTH LLC that include a description of collateral covering the Receivables other than any financing statement relating to
security interests granted under the 

					
		 	  
 Schedule I-3
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

	 	 
Transaction Documents or that have been terminated. The Receivables Sale Agreement creates a valid and continuing security interest in the Receivable (other
than the Related Security with respect thereto) in favor of FTH LLC which security interest is prior to all other Liens (other than Permitted Liens) and is enforceable as such against all other creditors of and purchasers and assignees from FTH LLC.

  

	 (o)
	 Characterization of Receivables. Each Receivable constitutes either “tangible chattel paper,” an “account,” a “promissory
note” or a “payment intangible,” each as defined in the UCC. 

  

	 (p)
	 One Original. There is only one original executed copy of each Receivable in existence. The Servicer (or its agent) has possession of such original. If
such original has been marked, then such original does not have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than to a party to the Transaction Documents.

  

	 (q)
	 No Defenses. [Originator] has no knowledge either of any facts which would give rise to any right of rescission, set-off, counterclaim or defense, or of
the same being asserted or threatened, with respect to any Receivable. 

  

	 (r)
	 No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. 

					
		 	  
 Schedule I-4
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

 SCHEDULE II 
 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 
 In addition to the
representations, warranties and covenants contained in the Agreement, [Originator] hereby represents, warrants, and covenants to FTH LLC as follows on the Closing Date: 
 General 
 1. This Agreement creates a valid and continuing security interest
(as defined in the applicable UCC) in the Receivables and the other [Originator] Sold Assets in favor of FTH LLC, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from [Originator].

 2. The Receivables constitute “tangible chattel paper,” “accounts,” “instruments” or
“general intangibles,” within the meaning of the applicable UCC. 
 3. Each Receivable is secured by a first
priority validly perfected security interest in the related Financed Vehicle in favor of the [Originator], as secured party, or all necessary actions with respect to such Receivable have been taken or will be taken to perfect a first priority
security interest in the related Financed Vehicle in favor of the [Originator], as secured party. 
 Creation 
 4. Immediately prior to the sale, transfer, assignment and conveyance of a Receivable by [Originator] to FTH LLC, [Originator] owned and
had good and marketable title to such Receivable free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Receivable to FTH LLC, FTH LLC will have good and marketable title to such Receivable free and
clear of any Lien. 
 5. The related [Originator] has received all consents and approvals to the sale of the Receivables
hereunder to FTH LLC required by the terms of the Receivables that constitute instruments. 
 Perfection 
 6. [Originator] has caused or will have caused, within ten (10) days after the effective date of this Agreement, the filing of all
appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest in the Receivables granted to FTH LLC hereunder; and the Servicer, in its capacity as
custodian, has in its possession the original copies of such instruments or tangible chattel paper that constitute or evidence the Receivables, and all financing statements referred to in this paragraph contain a statement that: “A purchase of
or security interest in any collateral described in this financing statement will violate the rights of the Secured Party/Purchaser.” 

					
		 	  
 Schedule II-1
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

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

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

  

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

  

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

 Priority 
 8. [Originator] has authorized the filing of, and is not aware of any financing statements against [Originator] that include a
description of collateral covering the Receivables other than any financing statement (i) relating to the conveyance of Receivables by the [Originator] or the Michigan Bank under the applicable Sale Agreement, (ii) relating to the
conveyance of the Receivables by FTH LLC to the Seller under the Purchase Agreement, (iii) relating to the conveyance of the Receivables by the Seller to the Issuer under the Sale and Servicing Agreement, (iv) relating to the security
interest granted to the Indenture Trustee under the Indenture or (v) that has been terminated. 
 9. [Originator] is not
aware of any material judgment, ERISA or tax lien filings against [Originator]. 
 10. None of the instruments or tangible
chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than FTH LLC, the Issuer or the Indenture Trustee. 
 Survival of Perfection Representations 
 11. Notwithstanding any other provision of the Receivables Sale Agreement or any other Transaction Document, the perfection representations, warranties and covenants contained in this Schedule II shall be
continuing, and remain in full force and effect until such time as all obligations under the Transaction Documents and the Notes have been finally and fully paid and performed. 
 No Waiver 
 12. The parties to the Receivables Sale
Agreement shall provide the Rating Agencies with prompt written notice of any breach of the perfection representations, warranties and 

					
		 	  
 Schedule II-2
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

 
covenants contained in this Schedule I, and shall not, without satisfying the Rating Agency Condition, waive a breach of any of such perfection
representations, warranties or covenants. 

					
		 	  
 Schedule II-3
	 	  
 Receivables Sale Agreement

		 		 	([Originator]) (20[ ]-[ ])

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