Document:

EX-10.1

 Exhibit 10.1 

Execution 
 SALE AND SERVICING
AGREEMENT 
 among 
 CALIFORNIA
REPUBLIC AUTO RECEIVABLES TRUST 2015-1, 
 Issuer, 

CALIFORNIA REPUBLIC FUNDING, LLC, 

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

and 
 DEUTSCHE BANK TRUST COMPANY
AMERICAS, 
 Indenture Trustee 

Dated as of March 1, 2015 

 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
	  	 	5	  
	 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
	  	 	7	  
	 Section 3.07 Custodian’s Indemnification
	  	 	7	  
	 Section 3.08 Effective Period and Termination
	  	 	7	  
	 Section 3.09 Risk Retention
	  	 	8	  
		
	 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
	  	 	11	  
	 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 Issuer and Basic Documents
		 	15	  
	 Section 4.15 Agreement on Compliance
		 	15	  
	 Section 4.16 Compliance with the FDIC Rule
		 	16	  
	 Section 4.17 Duties of a Backup Servicer
		 	16	  
	 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
		 	21	  
	 Section 5.03 Application of Collections
		 	21	  
	 Section 5.04 Distributions; Payment Notification
		 	21	  
	 Section 5.05 Additional Deposits and Payments
		 	23	  
	 Section 5.06 Statements to Noteholders and the Indenture Trustee
		 	23	  
	 Section 5.07 Advances by the Servicer
		 	25	  
		
	 ARTICLE VI THE DEPOSITOR
		 	26	  
		
	 Section 6.01 Representations and Warranties of the Depositor
		 	26	  
	 Section 6.02 Entities’ Existence
		 	27	  
	 Section 6.03 Limitation on Liability of Depositor and Others
		 	27	  
	 Section 6.04 Depositor May Own Notes
		 	28	  
		
	 ARTICLE VII THE SERVICER AND BACKUP SERVICER
		 	28	  
		
	 Section 7.01 Representations and Warranties of Servicer
		 	28	  
	 Section 7.02 Appointment and Representations and Warranties of Backup Servicer
		 	29	  
	 Section 7.03 Indemnities of Servicer
		 	30	  
	 Section 7.04 Merger or Consolidation of, or Assumption of the Obligations of, Servicer or Backup Servicer
		 	32	  
	 Section 7.05 Limitation on Liability of Servicer, Backup Servicer and Others
		 	33	  
	 Section 7.06 Appointment of Subservicer
		 	34	  
	 Section 7.07 Servicer and Backup Servicer Not to Resign
		 	34	  
	 Section 7.08 CRB May Own Notes
		 	35	  
		
	 ARTICLE VIII DEFAULT
		 	35	  
		
	 Section 8.01 Servicer Termination Events
		 	35	  
	 Section 8.02 Consequences of a Servicer Termination Event
		 	36	  
	 Section 8.03 Appointment of Successor Servicer
		 	37	  
	 Section 8.04 Notification to Noteholders
		 	38	  

  
 ii 

					
	 Section 8.05 Waiver of Past Defaults
		 	38	  
		
	 ARTICLE IX TERMINATION
		 	38	  
		
	 Section 9.01 Optional Purchase of All Conveyed Assets
		 	38	  
	 Section 9.02 Termination
		 	39	  
		
	 ARTICLE X MISCELLANEOUS
		 	39	  
		
	 Section 10.01 Amendment
		 	39	  
	 Section 10.02 Protection of Title to Trust
		 	40	  
	 Section 10.03 Notices
		 	42	  
	 Section 10.04 Assignment by the Depositor or the Servicer
		 	43	  
	 Section 10.05 Limitations on Rights of Others
		 	43	  
	 Section 10.06 Severability
		 	43	  
	 Section 10.07 Counterparts
		 	43	  
	 Section 10.08 Headings and Cross-References
		 	43	  
	 Section 10.09 Governing Law
		 	43	  
	 Section 10.10 Submission to Jurisdiction
		 	44	  
	 Section 10.11 No Partnership or Joint Venture
		 	44	  
	 Section 10.12 Confidential Information
		 	44	  
	 Section 10.13 Assignment by the Issuer
		 	44	  
	 Section 10.14 Nonpetition Covenants
		 	45	  
	 Section 10.15 Limitation of Liability of Owner Trustee and Indenture Trustee
		 	45	  

  

					
	EXHIBIT A		 	A-1	  
	EXHIBIT B-1		 	B-1-1	  
	EXHIBIT B-2		 	B-2-1	  
	EXHIBIT B-3		 	B-3-1	  
	SCHEDULE A		 	SA-1	  
	SCHEDULE B		 	SB-1	  
	ANNEX A		 	AX-1	  
	APPENDIX A		 	AA-1	  

  

  
 iii 

 This SALE AND SERVICING AGREEMENT, dated as of March 1, 2015 (as amended, restated or
otherwise modified from time to time, this “Agreement”), is among CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2015-1, 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 the Receivables to the Depositor (in such capacity, the “Seller”), as administrator (in such capacity, the “Administrator”) and as custodian (in such capacity, the “Custodian”), 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; and 

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. 
 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 the Issuer’s delivery to or upon the order of the
Depositor of (i) the Notes, and (ii) 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, for non-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, for non-tax purposes, is held or deemed not to be a sale
or is held or deemed 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. 

  
 2 

 (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 3.02 and 3.03 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 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 3.03 of the Receivables Purchase Agreement and Section 3.01(a). Such right 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. 

  
 3 

 Section 3.02 Representations and Warranties of the Depositor. The Depositor
represents and warrants with respect to the Receivables being conveyed by it to the Issuer, on which the Issuer relies in accepting such Receivables: 

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

(ii) The Depositor has taken all steps necessary to perfect its security interest against the Obligors in the Financed
Vehicles. 
 (iii) The Receivables constitute “tangible chattel paper” or “electronic chattel paper”
under the applicable UCC; as of the Cutoff Date, no more than 10% of the Pool Balance is represented by Receivables constituting “electronic chattel paper,” and at least 90% of the Pool Balance is represented by Receivables constituting
“tangible chattel paper.” 
 (iv) The Depositor owns and has good and marketable title to the Receivables free and
clear of any Lien, claim or encumbrance of any Person. 
 (v) The Depositor has received a written acknowledgment from the
Servicer that the Servicer is holding the loan agreements and installment sale contracts that constitute or evidence the Receivables solely on behalf and for the benefit of the Issuer. 

(vi) Other than the security interest granted to the Depositor pursuant to this Agreement, the Depositor has not pledged,
assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables. The Depositor has not authorized the filing of and is not aware of any financing statements against the Depositor that include a description of collateral
covering the Receivables other than any financing statement relating to the security interest granted to the Issuer hereunder or that has been terminated. The Depositor is not aware of any judgment or tax lien filings against the Depositor. 

(vii) None of the installment sale contracts that constitute or evidence the Receivables has any marks or notations indicating
that they have been pledged, assigned, or otherwise conveyed by the Depositor to any Person other than the Purchaser. 
 The representations and warranties
set forth in this Section may not be waived. The representations and warranties set forth in this Section will survive the termination of this Agreement until the Indenture has been discharged. 

  
 4 

 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. 

(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 3.02 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 Indenture Trustee or any Backup Servicer of the Receivable Files. 

  
 5 

 (b) The Servicer shall maintain each Receivable File at one or more of the locations specified in
Exhibit A to this Agreement or at such other location as shall be specified to the Issuer, the Indenture Trustee and any Backup Servicer 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 Indenture Trustee, any Backup Servicer and each Rating Agency, the Servicer may appoint an Affiliate to act as a sub-custodian to maintain up to all Receivable Files at one or more
locations identified in such notice, provided, however, if either Rating Agency shall object in writing to such appointment, such appointment 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. 

  
 6 

 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 Trust 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. 
 Section 3.07 Custodian’s
Indemnification. 
 (a) The Custodian shall indemnify the Issuer, the Owner Trustee, the Indenture Trustee, any Backup Servicer and each
of their respective 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 Indenture Trustee, any Backup Servicer or any of their respective 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 Indenture Trustee, any Backup Servicer or any of their respective officers, directors, employees or
agents 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. 

  
 7 

 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 having a principal balance equal to not less than 5% of the Cutoff
Date Pool Balance. 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 

  
 8 

 
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 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, or 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. 

  
 9 

 (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 APR or 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. 

(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 the related Receivable would be increased by forbearance. In repossessing or otherwise converting the ownership of a Financed Vehicle and liquidating the related 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 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 such 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. 

  
 10 

 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. 

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. 

  
 11 

 (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 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 other 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 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 

  
 12 

 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 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. 
 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, 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, 2016, 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 (2) 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. 

  
 13 

 (c) Prior to March 31 of each calendar year, beginning with March 31, 2016, the
Servicer shall 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. 

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, 2016, 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 at any time a Backup Servicer is 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 such Backup Servicer 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, 2016, the Servicer shall
deliver the report and attestation set forth in Sections 4.11(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. 

  
 14 

 (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 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 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, and during such time, perform its obligations hereunder. 
 Section 4.14 Access to Information Regarding Issuer 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. 

  
 15 

 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 CRB 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 the Depositor and to otherwise comply with the terms of Article XII of the Indenture. 

Section 4.17 Duties of a Backup Servicer. 

(a) Commencing on the Backup Servicer Appointment Date and until such time, if any, as the Backup Servicer shall become successor Servicer, the
Backup Servicer, for the benefit of the Noteholders, shall perform the monitoring, review, inspection and other backup servicing functions substantially as 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, no
Backup Servicer, shall have any liability for any acts, omissions, negligence, fraud or malfeasance by any Servicer (other than the Backup Servicer should it become Servicer hereunder) or any other party to this Agreement with respect to the
performance by the Servicer or any such other party to this Agreement of their respective duties hereunder, or for any errors made by the Servicer (other than the Backup Servicer should it become Servicer hereunder) or any such 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 the Backup Servicer 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 (2) 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 Trust Officer of the Indenture Trustee) 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 

  
 16 

 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 Trust Officer of the Indenture Trustee), 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 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 Trust Officer of the Indenture Trustee) 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 2016, 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 2016, 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 2016: 

(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-

  
 17 

 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 each of the Depositor’s and the
Servicer’s 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. 

(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. 

  
 18 

 (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 Deutsche Bank Trust Company Americas as Indenture Trustee on behalf 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 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(b). 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. 

  
 19 

 (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; 
 (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 

  
 20 

 (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. 
 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 any 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; to the Class A-2 Noteholders, the Accrued Class A-2 Note Interest for the related Interest Period; to the Class A-3 Noteholders, the Accrued Class A-3 Note Interest for the related Interest Period; and to the
Class A-4 Noteholders, the Accrued Class A-4 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; 

  
 21 

 (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. 
 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 A-3 Notes, until the Class A-3 Notes are Paid In Full; 

(iv) fourth, to the Holders of the Class A-4 Notes, until the Class A-4 Notes are Paid In Full; 

  
 22 

 (v) fifth, to the Holders of the Class B Notes, until the Class B Notes
are Paid In Full; and 
 (vi) sixth, 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 3.03 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 no later than the opening of business on the related Payment Date 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 

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; 

  
 23 

 (b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note
Balance, the Class A-4 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 any 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 A-3 Noteholders’ Interest Carryover Shortfall, the Class A-4 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; 
 (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. 

  
 24 

 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. 

  
 25 

 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 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). 

  
 26 

 (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. 
 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 counsel 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. 

  
 27 

 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 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 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 

  
 28 

 
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 Appointment and Representations and Warranties of Backup Servicer. Within 60 days of the occurrence of
a Backup Servicer Appointment Event, CRB shall appoint an entity to be the Backup Servicer hereunder, which appointment will become effective upon the satisfaction of the Rating Agency Condition with respect to such appointment. Upon such
appointment, such Backup Servicer will become party to this Agreement by executing a joinder hereto, and will assume the duties of, and otherwise act as, the Backup Servicer in accordance with the terms hereof. Effective the Backup Servicer
Appointment Date, such Backup Servicer further makes the following representations and warranties upon which CRB is deemed to have relied in appointing the Backup Servicer: 

(a) Organization and Good Standing. It is duly incorporated or organized, as the case may be, and validly existing under the laws of the
jurisdiction of its incorporation or organization, as the case may be, 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. 
 (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. 

  
 29 

 (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 that could materially and adversely affect the performance by it of its obligations under, or the validity or enforceability of,
this Agreement. 
 (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 any 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. 

(b) The Servicer shall indemnify the Issuer, the Owner Trustee, the Indenture Trustee, any 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. 

  
 30 

 (c) The Servicer shall indemnify the Issuer, the Owner Trustee, the Indenture Trustee, any 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, any 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 any Backup Servicer, such 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 such Backup Servicer, arises from such 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 such Backup Servicer in connection with its performance of the
duties of successor Servicer hereunder should the Indenture Trustee assume such duties. 
 (e) The Servicer shall indemnify, defend and hold
harmless the Issuer, the Owner Trustee, the Indenture Trustee, any 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 the Servicer’s
representations, warranties, obligations or duties under this Agreement, or (iv) for any violation of law by the Servicer. 

  
 31 

 (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, if any, or the Indenture Trustee) pursuant to Section 8.03, and in the case of any 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, any
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 any Backup Servicer may be merged or consolidated, (ii) resulting from any merger or consolidation to which the Servicer or any Backup Servicer shall be a
party, (iii) that acquires by conveyance, transfer or lease substantially all of the assets of the Servicer or any Backup Servicer or (iv) succeeding to the business of the Servicer or any Backup Servicer, which Person shall execute an
agreement of assumption to perform every obligation of the Servicer or such 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 such 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 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 

  
 32 

 
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. The Servicer, any Backup Servicer and any of their
respective directors, officers, employees or agents may conclusively rely in good faith on the written advice of counsel 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) Backup Servicer 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 Backup Servicer hereunder. Without limiting the generality of the foregoing, Backup Servicer, except as
expressly set forth herein, shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer. Backup Servicer 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 Backup Servicer from its obligations and responsibilities hereunder. 

Notwithstanding anything contained herein to the contrary, in no event shall Backup Servicer be liable for any consequential, incidental or special damages,
including, but not limited to damages for loss of currency, funds, data, profits or goodwill. Backup Servicer’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 Backup Servicer 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 Backup
Servicer’s liability arising from the willful misconduct or gross negligence of Backup Servicer. It is expressly agreed and acknowledged that Backup Servicer 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. 

  
 33 

 Backup Servicer 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 Backup Servicer 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, upon notice to the Indenture Trustee, the Owner Trustee, and each Rating
Agency, 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, any 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 such fee arrangement. 
 Section 7.07 Servicer and Backup Servicer Not to Resign. 

(a) Subject to the provisions of Section 7.04, neither the Servicer nor any 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. 

(b) Notice of any determination that the performance by the Servicer or any 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 

  
 34 

 
Counsel to such effect delivered by the Servicer or any 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 any 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 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 (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; 

  
 35 

 (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 other Basic Document other than
in accordance with the terms herein and/or therein, as applicable; 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 any is then appointed and 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, if any, thereof and in any event shall notify the Backup Servicer, if any, 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 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 

  
 36 

 
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, if any (or under the circumstances provided in Section 8.03(b), a successor Servicer other than such Backup Servicer, upon acceptance of appointment as Servicer in case of such a successor
Servicer other than any Backup Servicer), such 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 Holders of a majority of the Note Balance of the Outstanding Notes of the Controlling Class do not desire that the Backup
Servicer, if any, or the appointed successor Servicer act as Servicer or (ii) the Backup Servicer, if any, or the appointed successor Servicer is legally unable to act, or, in the case of a successor other than any 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 Holders of a majority of the Note Balance of the Outstanding Notes
of the Controlling Class do 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. 

  
 37 

 (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. 

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, except a default in making any required deposits to or payments from the Collection Account, the Principal Distribution Account or the Reserve
Account. 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 upon satisfaction of either of the following conditions: 

(i) 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; the purchase price for the Trust Estate (other than the Reserve Account) (the “Optional Purchase Price”) shall equal the Repurchase Price of the Receivables as of the last day of the related Collection Period, provided,
however, that such Optional Purchase Price, together with amounts on deposit in the Reserve Account and the Collection Account, must equal or exceed (x) the Note Balance as of such Payment Date, plus (y) accrued but unpaid interest on each
class of Notes at the related Interest Rate through the related Interest Period, plus (z) all amounts due to the Servicer in respect of its servicing compensation, any unreimbursed Advances, and any amounts owed to the Indenture Trustee, the
Owner Trustee, any Backup Servicer, and the Administrator, all of which amounts shall be deposited by the Servicer into the Collection Account on the Redemption Date; or 

(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, the Backup Servicer, if any, 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. 

  
 38 

 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 of the Controlling Class. 

(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 

  
 39 

 
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 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 Applicable 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.

  
 40 

 (c) Each of the Depositor, the Issuer and CRB shall 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 the Issuer. 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. 

  
 41 

 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 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 any Backup Servicer, to the address identified in the related joinder hereto executed by such Backup Servicer; 

(f) in the case of DBRS, to: 

DBRS, Inc. 
 140 Broadway 

  
 42 

 New York, New York 10005 

Fax number: (212) 806-3201 

abs_surveillance@dbrs.com; and 

(f) in the case of Standard & Poor’s, to: 

Standard & Poor’s Ratings Services 

55 Water Street 
 New York, New
York 10041 
 Attention: Asset Backed Surveillance Department 

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 Outstanding Notes 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
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. 

  
 43 

 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 located in the Borough of Manhattan, 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 Applicable 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. 

  
 44 

 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 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, 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 their respective 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. 

  
 45 

 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:		 /s/ Jon Wilcox

			Name: Jon Wilcox
			Title: CEO
	
	CALIFORNIA REPUBLIC BANK
		
	By:		 /s/ John DeCero

			Name: John DeCero
			Title: President

 [Signature Page to the Sale and Servicing Agreement] 

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

			Name:		Mark DiGiacomo
			Title:		Vice President
		
	By: 		 /s/ Jennifer Freda

			Name:		Jennifer Freda
			Title:		Associate

 [Signature Page to the Sale and Servicing Agreement] 

 
					
	CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2015-1
		
	By: 		WILMINGTON TRUST, NATIONAL ASSOCIATION,
			not in its individual capacity, but solely as Owner Trustee
		
	By: 		 /s/ Adam Scozzafava

			Name:		Adam Scozzafava
			Title:		Vice President

 [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 
 Iron Mountain 
 1025 -1035 North Highland
Ave 
 Los Angeles, California 90038 
 Iron Mountain 

1340 East 6th St 
 Los Angeles, California 90021 

Iron Mountain 
 890 Pilot Rd 

Las Vegas, Nevada 89119 
 Iron Mountain 

4105 North Lamb Blvd 
 Las Vegas, Nevada 89110 

Iron Mountain 
 3051 N. Marion Drive, Ste 101 

Las Vegas, Nevada 89120 
 Iron Mountain 

4105 North Lamb Blvd 
 Las Vegas, Nevada 89110 

  

					
	(Exhibit A)		A-1		

 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 and authorized to transact a banking business (the “Company”) to California Republic Auto
Receivables Trust 2015-1 (the “Issuer”) of the Depositor Conveyed Assets pursuant to a sale and servicing agreement dated as of March 1, 2015 (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:
	

  

					
	(Exhibit B-1)		B-1-1		

 Annex A 

[EXCEL Spread Sheet Attached] 

Annex B 
 [Copies of
collateral schedules to be attached] 

  

					
	(Exhibit B-1)		B-1-2		

 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 March 1, 2015 (the “Sale and Servicing Agreement”) by and among, California Republic Auto Receivables Trust 2015-1, 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. 

  

					
	(Exhibit B-2)		B-2-1		

 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, the Servicer has fulfilled its 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] 

  

					
	(Exhibit B-2)		B-2-2		

 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-2)		B-2-3		

 EXHIBIT B-3 

FORM OF SERVICER’S SARBANES-OXLEY ACT CERTIFICATION 

Re: California Republic Bank Auto Receivables Trust 2015-1 

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 2015-1 (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:		  

  

					
	(Exhibit B-3)		B-3-1		

 SCHEDULE A 

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

  

					
	(Schedule A)		SA-1		

 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 noteholders, 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

  

					
	(Schedule B)		SB-1		

			
	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 Noteholders		Administrator
		
	Exhibits required by Item 601 of Regulation S-K, such as material agreements		Depositor

  

					
	Schedule B		SB-2		

 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 noteholders.
		 Depositor
 Servicer

Administrator

  

					
	Schedule B		SB-3		

			
	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 Noteholders, including the Sale 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 noteholders.
		Depositor
		
	Item 9.01- Financial Statements and Exhibits		Responsible party, as applicable, for reporting/disclosing the financial statement or exhibit

  

					
	Schedule B		SB-4		

 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

  

					
	Schedule B		SB-5		

 Part IV: Servicing Criteria 
  

					
	Reg AB Reference		Servicing Criteria		 Responsible

Party

			
			General Servicing Considerations		
			
	1122(d)(1)(i)		Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.		 Servicer

Backup Servicer

			
	1122(d)(1)(ii)		If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.		Servicer
			
	1122(d)(1)(iii)		Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.		Servicer
			
	1122(d)(1)(iv)		A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of
the transaction agreements.		
			
			Cash Collection and Administration		
			
	1122(d)(2)(i)		Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction
agreements.		Servicer
			
	1122(d)(2)(ii)		Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.		Servicer
			
	1122(d)(2)(iii)		Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.		Servicer
			
	1122(d)(2)(iv)		The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the
transaction agreements.		 Servicer

Indenture Trustee

  

					
	Schedule B		SB-6		

					
	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

  

					
	Schedule B		SB-7		

					
	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.		

  

					
	Schedule B		SB-8		

					
	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

  

					
	Schedule B		SB-9		

 ANNEX A 

BACKUP SERVICER DUTIES 
 Duties of Backup
Servicer 
 CALIFORNIA REPUBLIC AUTO RECEIVABLES TRUST 2015-1 

One-time, Upfront Duties 
  

	 	•	 	The Backup Servicer will request an initial extract file specific to CRART 2015-1 from Servicer. The Backup Servicer’s extract file layout will be provided to Servicer; 

 

	 	•	 	Information from the initial extract file received from Servicer will be mapped to the Backup Servicer’s system within sixty (60) days of receipt of the complete file; 

 

	 	•	 	The Backup Servicer will compare information from the initial extract file to initial monthly certificate and further determine that the monthly servicer’s report is complete on its face. The Backup Servicer will
a) verify the aggregate outstanding balance of Receivables at the beginning of the related collection period; b) verify the number and principle balance of delinquent and defaulted Receivables at the close of the related collection period; and c)
verify the aggregate outstanding balance of Receivables at the close of the related collection period. This verification will compare the information on the monthly servicer’s report to the information produced on The Backup Servicer’s
system from the monthly extract file received from Servicer. 

 Monthly Duties 

 

	 	•	 	The Backup Servicer will store the monthly extract file received from Servicer; 

  

	 	•	 	The Backup Servicer will load the information from the monthly extract file to its system within seven (7) business days of receipt of the complete file; 

 

	 	•	 	The Backup Servicer will review the monthly servicer’s report and determine that the monthly servicer’s report is complete on its face. The Backup Servicer will: a) verify the aggregate outstanding balance of
Receivables at the beginning of the related collection period; b) verify the number and principle balance of delinquent and defaulted Receivables at the close of the related collection period; and c) verify the aggregate outstanding balance of
Receivables at the close of the related collection period; 

  

	 	•	 	In the event of any discrepancy on the monthly servicer’s report, the Backup Servicer will promptly notify Servicer of any discrepancies; 

 

	 	•	 	Warm backup servicing duties assume a readiness state that would allow the Backup Servicer to convert and transfer the portfolio as soon as reasonably practical (not immediately) upon the formal request for transfer
notice. 

  

					
	(Annex A)		AX-1		

 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 A-3 Note Interest” means, with respect to any Payment Date, the sum of the Class A-3
Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A-3 Noteholders’ Interest Carryover Shortfall for such Payment Date. 

“Accrued Class A-4 Note Interest” means, with respect to any Payment Date, the sum of the Class A-4
Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A-4 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 March 1, 2015, among the Issuer, CRB, as
Administrator, the Owner Trustee and the Indenture Trustee. 
 “Administrator” means CRB, or any successor Administrator
under the Administration Agreement. 

  
 AA-2 

 “Advance” means any advance that the Servicer makes 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. 
 “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). 

  
 AA-3 

 “Available Funds” means, for any Payment Date and the related Collection Period,
an amount equal to the sum of the following amounts: (i) all Collections received by the Servicer during such Collection Period (less any amounts withdrawn from the Collection Account by the Servicer in order to reimburse itself for
Nonrecoverable Advances), and (ii) the Reserve Account Draw 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 any backup servicer of the Receivables appointed pursuant to Section 7.02 of the Sale and
Servicing Agreement following the occurrence of a Backup Servicer Appointment Event. 
 “Backup Servicer Appointment Date”
means the date that an entity agrees to become Backup Servicer. 
 “Backup Servicer Appointment Event” means that
(i) CRB is the Servicer and (ii) CRB receives written notice of the determination by the FDIC or other appropriate banking regulatory agency, that CRB has ceased to meet the FDIC criteria of a “well capitalized bank”, as finally
determined by the FDIC or other appropriate banking regulatory agency using the method agreed upon by the Federal Financial Institutions Examination Council. 

“Backup Servicing Fee” means the fee payable to the Backup Servicer, if and when appointed pursuant to Section 7.02 of
the Sale and Servicing Agreement, which shall be $48,000 per annum or less, 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 (i) an “employee benefit plan” as
defined in Section 3(3) of ERISA, which is subject to Title I of ERISA, (ii) a “plan” as defined in Section 4975 of the Code, which is subject to Section 4975 of the Code or (iii) 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. 

“Book-Entry Certificates” means Certificates in which ownership and transfers shall be made through book entries by a
Depository as described in Section 3.09 of the Trust Agreement. 

  
 AA-4 

 “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. 
 “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 A-3 Notes, the Class A-4 Notes, the
Class B Notes and the Class C Notes. 
 “Class A Notes” means the Class A-1 Notes, the Class A-2
Notes, the Class A-3 Notes and the Class A-4 Notes. 
 “Class A Note Balance” means, at any time, the sum of
the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance and the Class A-4 Note Balance at such time. 

“Class A-1 Final Scheduled Payment Date” means the Payment Date occurring on March 15, 2016. 

“Class A-1 Interest Rate” means 0.30000% 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. 

  
 AA-5 

 “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. 
 “Class A-2 Final Scheduled Payment Date” means the Payment Date occurring on December 15,
2017. 
 “Class A-2 Interest Rate” means 0.88% 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 A-3 Final Scheduled Payment Date” means the Payment Date occurring on April 15, 2019. 

“Class A-3 Interest Rate” means 1.33% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  
 AA-6 

 “Class A-3 Note Balance” means, at any time, the Initial Class A-3
Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes. 
 “Class A-3
Noteholder” means the Person in whose name a Class A-3 Note is registered on the Register. 
 “Class A-3
Noteholders’ Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the Class A-3 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-3
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-3 Notes on such preceding Payment Date, plus interest on the amount of
interest due but not paid to Noteholders of Class A-3 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-3 Interest Rate for the related Interest Period. 

“Class A-3 Noteholders’ Monthly Accrued Interest” means, with respect to any Payment Date, the aggregate interest
accrued for the related Interest Period on the Class A-3 Notes at the Class A-3 Interest Rate on the Class A-3 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-3 Noteholders on or prior to such preceding Payment Date. 
 “Class A-3
Notes” means the Class of Notes designated as “Class A-3 Notes”, issued in accordance with the Indenture. 

“Class A-4 Final Scheduled Payment Date” means the Payment Date occurring on September 15, 2020. 

“Class A-4 Interest Rate” means 1.82% per annum (computed on the basis of a 360-day year of twelve 30-day months).

 “Class A-4 Note Balance” means, at any time, the Initial Class A-4 Note Balance reduced by all payments of
principal made prior to such time on the Class A-4 Notes. 
 “Class A-4 Noteholder” means the Person in whose
name a Class A-4 Note is registered on the Register. 
 “Class A-4 Noteholders’ Interest Carryover
Shortfall” means, with respect to any Payment Date, the excess of the Class A-4 Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class A-4 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-4 Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of
Class A-4 Notes on the preceding Payment Date, to the extent permitted by law, at the Class A-4 Interest Rate for the related Interest Period. 

“Class A-4 Noteholders’ Monthly Accrued Interest” means, with respect to any Payment Date, the aggregate interest
accrued for the related Interest Period on the Class A-4 Notes at the Class A-4 Interest Rate on the Class A-4 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-4 Noteholders on or prior to such preceding Payment Date. 

  
 AA-7 

 “Class A-4 Notes” means the Class of Notes designated as
“Class A-4 Notes”, issued in accordance with the Indenture. 
 “Class B Final Scheduled Payment Date”
means the Payment Date occurring on February 16, 2021. 
 “Class B Interest Rate” means 2.51% 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. 
 “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 February 15, 2022.

 “Class C Interest Rate” means 3.55% 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. 

  
 AA-8 

 “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 March 12, 2015. 

“Code” means the Internal Revenue Code of 1986. 

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

“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. 

  
 AA-9 

 “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; 

(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 (i) Accounts,
(ii) Chattel Paper, (iii) Documents, (iv) Instruments and (v) General Intangibles (as such terms are defined in the UCC) relating to the property described in (a) through (i); 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 

  
 AA-10 

 
Company Americas, c/o DBNTC, 100 Plaza One, 6th Floor, MS JCY03-0699, Jersey City, NJ 07311, Attention: California Republic Auto Receivables
Trust 2015-1 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 February 28, 2015. 
 “Cutoff Date Pool Balance” means the Pool Balance as of the Cutoff Date which is
$350,000,897.69. 
 “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. 
 “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

  
 AA-11 

 
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 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. 

  
 AA-12 

 “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 March 12, 2015. 

“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 (i) a segregated trust account with an Eligible Institution or (ii) 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 investment grade by Standard & Poor’s and Moody’s. 

“Eligible Institution” means (i) the corporate trust department of the Indenture Trustee or Owner Trustee or (ii) a
depository institution organized under the laws of the United States or any State, that (a) 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 investment grade by Standard & Poor’s and Moody’s and (b) 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, Form ABS-15G or any other form 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. 

  
 AA-13 

 “FDIC Rule” means the “Treatment of financial assets transferred in
connection with a securitization or participation” adopted by the FDIC, as codified at 12 CFR §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 A-3 Notes, the Class A-3 Final Scheduled Payment Date, (iv) the
Class A-4 Notes, the Class A-4 Final Scheduled Payment Date, (v) the Class B Notes, the Class B Final Scheduled Payment Date, and (vi) 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 (i) 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 (ii) the Pool Balance as of the last day of such Collection Period; provided, that the First Allocation of Principal on and after (a) the Class A-1
Final Scheduled Payment Date will not be less than the amount that is necessary to reduce the Class A-1 Note Balance to zero, (b) 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, (c) the Class A-3 Final Scheduled Payment Date will not be less than the amount that is necessary to reduce the Class A-3 Note Balance to zero and (d) the Class A-4
Final Scheduled Payment Date will not be less than the amount that is necessary to reduce the Class A-4 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 Trust 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 or Trust Officer, as applicable, 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 or Trust Officer, as applicable, of such Person has actual
knowledge of such event. 

  
 AA-14 

 “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 (i) is in fact independent of the
Issuer, any other obligor on the Notes, the Depositor and any Affiliate of any of the foregoing Persons, (ii) does not have any direct financial interest or any material indirect financial interest in the Issuer, any such other obligor, the
Depositor or any Affiliate of any of the foregoing Persons and (iii) 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. 
 “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 March 1, 2015,
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 $48,800,000.

 “Initial Class A-2 Note Balance” means $95,000,000. 

“Initial Class A-3 Note Balance” means $87,000,000. 

  
 AA-15 

 “Initial Class A-4 Note Balance” means $88,050,000. 

“Initial Class B Note Balance” means $21,000,000. 

“Initial Class C Note Balance” means $10,150,000. 

“Initial Note Balance” means the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial
Class A-3 Note Balance, the Initial Class A-4 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 $875,002.24. 

“Insolvency Event” means, with respect to a specified Person, (i) 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 (ii) 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. 
 “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 A-3 Notes, the Class A-4 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 A-3 Notes, the Class A-3 Interest Rate, (iv) the Class A-4 Notes, the Class A-4 Interest Rate, (v) the Class B Notes, the Class B
Interest Rate or (vi) the Class C Notes, the Class C Interest Rate. 
 “Investment Property” means
“investment property” within the meaning of Section 9-102 of the UCC. 

  
 AA-16 

 “Issuer” means California Republic Auto Receivables Trust 2015-1, 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 (i) which, at the end of such
Collection Period, is deemed uncollectible by the Servicer in accordance with the Servicing Standard, (ii) in respect of which the Servicer has repossessed the related Financed Vehicle and such Financed Vehicle has been liquidated during such
Collection Period, (iii) 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, (iv) 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 (v) 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. 

“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. 
 “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. 

  
 AA-17 

 “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 A-3 Note,
Class A-4 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 A-3 Note Balance, the Class A-4 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 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. 

“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. 

  
 AA-18 

 “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. 
 “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, or any particular class of Notes, as indicated by the context, 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. 

  
 AA-19 

 “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 April 15, 2015; 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 Standard & Poor’s in accordance with Standard &
Poor’s Temporary Investment Criteria; 
 (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
Standard & Poor’s in accordance with Standard & Poor’s Temporary Investment Criteria; 
 (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 Standard & Poor’s in accordance with Standard & Poor’s Temporary Investment Criteria 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); 

  
 AA-20 

 (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 Standard & Poor’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. 
 “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 March 5, 2015. 

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

“Prospectus” means the prospectus supplement, dated March 4, 2015 and the prospectus dated February 26, 2015,
relating to the Notes. 
 “Protected Purchaser” has the meaning set forth in Section 8-303 of the UCC. 

  
 AA-21 

 “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 Standard & Poor’s. 

“Rating Agency Condition” means, with respect to any action, that (a) the Rating Agency has provided a written
confirmation that such action will not result in a reduction, withdrawal or downgrade of the then-current rating of any Class of Notes, or (b) 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. 

“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;

 (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” 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. 

  
 AA-22 

 “Receivables Purchase Agreement” means the Receivables Purchase Agreement, dated
as of March 1, 2015, 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 (i) unpaid principal amount of the Notes redeemed plus (ii) 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, 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. 

  
 AA-23 

 “Repurchase Price” means, for each Receivable, a price equal to (i) 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 (ii) 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 (iii) 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
(i) 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 (ii) 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. 
 “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 March 1, 2015, among the Issuer, the
Depositor, CRB, as Seller, Servicer, Custodian and Administrator and the Indenture Trustee. 
 “Sarbanes-Oxley Act” means
the Sarbanes-Oxley Act of 2002. 

  
 AA-24 

 “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 (i) 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 (ii) 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, the Class A-3 Notes, the Class A-4 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. 
 “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 7.04 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. 

  
 AA-25 

 “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. 

“Small Balance Waiver” means a waiver of any unpaid amounts not to exceed $100 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 $875,000.00 (which is approximately 0.25% of the Cutoff Date Pool Balance). 
 “Standard &
Poor’s” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business. 

“Standard & Poor’s Temporary Investment Criteria” means the criteria set forth in that certain
“Global Investment Criteria For Temporary Investments In Transaction Accounts,” dated May 31, 2012, by Standard & Poor’s.  

  
 AA-26 

 “State” means any state or territory of the United States, including the
District of Columbia. 
 “Successor Servicer” means the servicer appointed pursuant to 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, $5,600,014.36 (which is approximately 1.60% 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, (i) such action
will not adversely affect the tax characterization of any outstanding Notes that are characterized as debt, (ii) such action will not cause the Issuer to be deemed to be an association (or publicly-traded partnership) taxable as a corporation,
and (iii) 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 (i) 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 (ii) 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 A-3 Notes, the Class A-4 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. 

“Trust Agreement” means the Amended and Restated Trust Agreement, dated as of March 1, 2015, 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. 

  
 AA-27 

 “Trust Officer” means, in the case of (i) 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, (ii) 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 March 4, 2015,
among the Underwriter, CRB, and the Depositor. 

  
 AA-28EX-10.2

 Exhibit 10.2 

Execution 
 ADMINISTRATION
AGREEMENT 
 THIS ADMINISTRATION AGREEMENT, dated as of March 1, 2015 (as amended, restated, supplemented or otherwise modified from
time to time, this “Agreement”), is among California Republic Auto Receivables Trust 2015-1, a Delaware statutory trust (the “Issuer”), California Republic Bank, a California corporation authorized to transact a
banking business (“CRB”), as Administrator (the “Administrator”), Wilmington Trust, National Association, a national banking association with trust powers, as Owner Trustee (the “Owner Trustee”) and
Deutsche Bank Trust Company Americas, a New York banking corporation, not in its individual capacity but solely as Indenture Trustee (the “Indenture Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
the Issuer was established as a separate statutory trust in accordance with the Delaware Statutory Trust Act, 12 Del. C. § 3806(1)(b), et seq. pursuant to a trust agreement that has been amended and restated as of
March 1, 2015 (the “Trust Agreement”), among California Republic Funding, LLC, a Delaware limited liability company, (“Depositor”) and the Owner Trustee. 

WHEREAS, the Issuer is issuing certain notes (the “Notes”) pursuant to an indenture, dated as of March 1, 2015 (the
“Indenture”), between the Issuer and the Indenture Trustee. 
 WHEREAS, pursuant to a sale and servicing agreement, dated
as of March 1, 2015 (the “Sale and Servicing Agreement”), among the Issuer, the Depositor, CRB and the Indenture Trustee, the Issuer is required to perform certain duties in connection with the Notes and the collateral pledged
as security therefor pursuant to the Indenture (the “Collateral”). 
 WHEREAS, the Issuer, the Indenture Trustee and the
Owner Trustee desire that the Administrator perform certain duties of the Issuer and the Owner Trustee under the Sale and Servicing Agreement and the Indenture and to provide such additional services that are consistent with the terms of this
Agreement as the Issuer and the Owner Trustee 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 covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 

1. Definitions. Capitalized terms used but not otherwise defined herein shall have the respective meanings assigned thereto in the Trust
Agreement or Appendix A to the Sale and Servicing Agreement, respectively. 

 2. Duties of the Administrator. 

 

	 	(a)	Duties with Respect to the Issuer. 

 (i) The Administrator agrees to perform all
its duties as Administrator as set forth herein, and the duties of the Issuer and the Owner Trustee as specified herein, pursuant to a power of attorney substantially in the form of Exhibit A hereto. In addition, the Administrator shall
consult with the Owner Trustee regarding the duties of the Owner Trustee or the Issuer under the Indenture and the Sale and Servicing Agreement. The Administrator shall prepare for execution by the Owner Trustee on behalf of the Issuer, or shall
cause the preparation by other appropriate persons or entities of, all such documents, reports, filings, instruments, certificates and opinions that it shall be the duty of the Issuer and Owner Trustee to prepare, file or deliver pursuant to the
Sale and Servicing Agreement or the Indenture. In addition, the Administrator shall take or cause the Issuer to take all action that is the duty of the Issuer to take pursuant to the Sale and Servicing Agreement, the Indenture and the related
agreements and the Basic Documents to which the Issuer is a party, except (i) any such duties that constitute Non-Ministerial Matters (as described in Section 2(c) below), (ii) duties that are expressly identified to be performed by
the Owner Trustee or another Person on behalf of the Issuer, (iii) duties constituting payment obligations of the Issuer, including duties under Article V of the Sale and Servicing Agreement (it being understood and agreed that the
Administrator in its individual capacity shall not be responsible for any payment obligations of the Issuer), and (iv) duties under Section 3.01 of the Indenture. 

In furtherance of and subject to the foregoing, the Administrator shall take all appropriate action that is the duty of the
Issuer or the Owner Trustee to take pursuant to the Indenture including such of the foregoing as are required with respect to the following matters under the Indenture (parenthetical section references are to sections of the Indenture unless
otherwise specified): 
 (A) the preparation of or obtaining of the documents and instruments required for authentication of
the Notes and delivery of the same to the Indenture Trustee (Section 2.02); 
 (B) the duty to cause the Register to be
kept and to give the Indenture Trustee notice of any appointment of a new Registrar and the location, or change in location, of the Register (Section 2.04); 

(C) the duty to cause an office to be maintained in Jacksonville, Florida, for registration of transfer or exchange of Notes
(Section 3.02); 
 (D) the duty to cause newly appointed Paying Agents, if any, to deliver to the Indenture Trustee the
instrument specified in the Indenture regarding funds held in trust and the giving of direction to Paying Agents to pay to the Indenture Trustee all sums held in trust by such Paying Agents (Section 3.03); 

(E) the direction to Paying Agents, if any, other than the Indenture Trustee, to deposit moneys with the Indenture Trustee
(Sections 3.03 and 4.03); 

  
 2 

 (F) the obtaining and preservation of the Issuer’s qualification to do
business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of the Indenture, the Notes and the Collateral (Section 3.04); 

(G) the preparation of all such supplements and amendments to the Indenture and all such UCC financing statements, continuation
statements, instruments of further assurance and other instruments and the taking of such other action as is necessary or advisable to protect the Collateral as set forth in the Indenture and 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 (Section 3.05); 

(H) the delivery of the Opinion of Counsel on the Closing Date and the annual delivery of Opinions of Counsel as to the
Collateral, and the annual delivery of the Officer’s Certificate as to compliance with the Indenture (Sections 3.06 and 3.09); 

(I) the delivery of an Officer’s Certificate of the Issuer to the Indenture Trustee concerning the identity of each Person
with whom the Issuer has contracted to perform its duties under the Indenture (Section 3.07(b)); 
 (J) the delivery of
written notice to the Indenture Trustee, the Rating Agencies and Noteholders of a Servicer Termination Event under the Sale and Servicing Agreement and, if such Servicer Termination Event arises from the failure of the Servicer to perform any of its
duties under the Sale and Servicing Agreement, the taking of all reasonable steps available to remedy such failure (Section 3.07(d)); 

(K) the delivery of notice to the Indenture Trustee and the Noteholders of the termination of the Servicer’s rights and
powers pursuant to the Sale and Servicing Agreement and, as soon as a Successor Servicer is appointed, the delivery of written notice to the Indenture Trustee and the Noteholders of such appointment (Section 3.07(e)); 

(L) the duty to cause the Servicer to comply with the Sale and Servicing Agreement (Section 3.13); 

(M) the delivery of written notice to the Indenture Trustee and the Rating Agencies of each Event of Default under the
Indenture, 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 3.18); 
 (N) the monitoring of the Issuer’s obligations as to the
satisfaction and discharge of the Indenture and the preparation of an Officer’s Certificate and the obtaining of an Opinion of Counsel relating thereto (Section 4.01); 

  
 3 

 (O) the preparation, obtaining or filing of the instruments, opinions and
certificates and other documents required for the release of Collateral (Section 4.04); 
 (P) the compliance with any
written directive of the Indenture Trustee (with the consent of the applicable requisite Noteholders as set forth in Section 5.04 of the Indenture and subject to the other applicable provisions of Section 5.04) with respect to the sale of
the Collateral in a commercially reasonable manner if an Event of Default shall have occurred and be continuing (Section 5.04(a)); 

(Q) the requesting of information to facilitate compliance by the Issuer with Rule 15Ga-1 under the Exchange Act.
(Section 6.05(b)); 
 (R) the delivery to the Indenture Trustee of the information necessary to deliver to each
Noteholder such information as may be reasonably required to enable such Holder to prepare its United States federal and state income tax returns (Sections 6.06 and 7.04(b)); 

(S) the preparation and delivery of notice to Noteholders of the resignation or removal of the Indenture Trustee and the
appointment of a successor Indenture Trustee (Section 6.08); 
 (T) the preparation of any written instruments required
to confirm more fully the authority of any co-trustee or separate trustee and any written instruments necessary in connection with the resignation or removal of any co-trustee or separate trustee (Sections 6.08 and 6.10); 

(U) the furnishing to the Indenture Trustee with the names and addresses of Noteholders during any period when the Indenture
Trustee is not the Registrar (Section 7.01); 
 (V) the opening of one or more accounts in the Indenture Trustee’s
name, the preparation and delivery of Issuer Orders, Officer’s Certificates and Opinions of Counsel and all other actions necessary with respect to investment and reinvestment of funds in the Trust Accounts (Section 8.02 of the Indenture
and Section 5.01 of the Sale and Servicing Agreement); 
 (W) the preparation of an Issuer Request and Officer’s
Certificate and the obtaining of an Opinion of Counsel and Independent Certificates, if necessary, for the release of the Collateral (Sections 8.04 and 8.05); 

(X) the preparation of Issuer Orders and the obtaining of Opinions of Counsel with respect to the execution of supplemental
indentures and the mailing to the Noteholders and the Rating Agencies of required notices with respect to such supplemental indentures (Sections 9.01, 9.02 and 9.03); 

  
 4 

 (Y) the execution and delivery of new Notes conforming to any supplemental
indenture (Section 9.05); 
 (Z) the notification to Noteholders of redemption of the Notes or the causing of the
Indenture Trustee to provide such notification (Section 10.02); 
 (AA) without duplication the preparation and delivery
of all Officer’s Certificates, Independent Certificates and Opinions of Counsel with respect to any requests by the Issuer to the Indenture Trustee to take any action under the Indenture (Section 11.01(a)); 

(BB) the preparation and delivery of Officer’s Certificates and the obtaining of Independent Certificates, if necessary,
for the release of property from the lien of the Indenture to the extent permitted thereunder (Section 11.01(b)); 

(CC) the notification of the Rating Agencies, upon the failure of the Indenture Trustee to give notification, when required
pursuant to Section 11.04 of the Indenture (Section 11.04); 
 (DD) the preparation and delivery to Noteholders and
the Indenture Trustee of any agreements with respect to alternate payment and notices in accordance with the notice provisions of such agreements (Section 11.06); 

(EE) the recording of the Indenture, if applicable (Section 11.14); and 

(FF) performance by the Issuer of the covenants and agreements set forth in Article XII of the Indenture applicable to the
Issuer and to otherwise comply with the terms of Article XII of the Indenture. 
  

	 	(b)	Additional Duties. 

 (i) In addition to the duties of the Administrator set
forth above, the Administrator shall perform such calculations and shall prepare or shall cause the preparation by other appropriate persons of, and shall execute on behalf of the Issuer or the Owner Trustee, all such documents, reports, filings,
instruments, certificates and opinions that it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to the Basic Documents or Section 6.05 of the Trust Agreement, and at the request of the Owner Trustee
shall take all appropriate action that it is the duty of the Issuer or the Owner Trustee to take pursuant to the Basic Documents. In furtherance of the performance by the Administrator of its duties hereunder, the Owner Trustee shall, on behalf of
itself and of the Issuer, execute and deliver to the Administrator and to each successor Administrator appointed pursuant to the terms hereof, one or more powers of attorney substantially in the form of Exhibit A hereto, appointing the
Administrator to be the attorney-in-fact of the Owner Trustee and the Issuer for the purpose of executing on behalf of the Owner Trustee and the Issuer all such documents, reports, filings, instruments, certificates and opinions referenced in this
Agreement. Subject to Section 5, the Administrator shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the Basic Documents) as are not covered by any of the foregoing
provisions and are reasonably within the capability of the Administrator. 

  
 5 

 (ii) The Administrator shall be responsible for promptly notifying the Owner
Trustee and the Paying Agent in the event that any withholding tax is imposed on the payments (or allocations of income) to a Certificateholder as contemplated in Section 5.02(d) of the Trust Agreement. Any such notice shall specify the amount
of any withholding tax required to be withheld by the Owner Trustee and the Paying Agent pursuant to such provision. 
 (iii)
In connection with paragraph (ii) above, tax counsel to the Administrator will provide prior to the first payment on the Certificates, an opinion of counsel in form and substance satisfactory to the Owner Trustee as to whether any tax
withholding is then required and, if required, the procedures to be followed with respect thereto to comply with the requirements of the Code, to be updated in each instance that any additional tax withholding is subsequently required or any
previously required tax withholding shall no longer be required. 
 (iv) The Administrator shall perform the duties of the
Administrator required to be performed by it under the Trust Agreement. 
 (v) In carrying out the foregoing duties or any of
its other obligations under this Agreement, the Administrator may enter into transactions or otherwise deal with any of its affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with
any directions received from the Issuer or the Owner Trustee and shall be no less favorable to the Issuer than would be available from unaffiliated parties. 

(vi) If requested by the Depositor for purposes of compliance with its reporting obligations under the Exchange Act, the
Administrator will provide to the Depositor and the Servicer on or before March 31 of each year beginning March 31, 2016, the servicing criteria assessment required to be filed in respect of the Issuer under the Exchange Act under
Item 1122 of Regulation AB if periodic reports under Section 15(d) of the Exchange Act, or any successor provision thereto, are required to be filed in respect of the Issuer and shall cause a firm of independent certified public
accountants, who may also render other services to the Administrator, the Servicer, the Seller or the Depositor, to deliver to the Depositor and the Servicer the attestation report that would be required to be filed in respect of the Issuer under
the Exchange Act if periodic reports under Section 15(d) of the Exchange Act, or any successor provision thereto, were required to be filed in respect of the Issuer. Such attestation 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, including, 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. The
Administrator and the Depositor acknowledge and agree that the purpose of this Section is to facilitate compliance by the Depositor with the provisions of Regulation AB and the related rules and regulations of the Commission. The Depositor shall not

  
 6 

 
exercise its right to request delivery of information or other performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the
Exchange Act and the rules and regulations of the Commission under the Securities Act and the Exchange Act. The Administrator 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 the Administrator agrees to comply with all reasonable requests made by the Depositor in good
faith for delivery of information and shall deliver to the Depositor all information and certifications reasonably required by the Depositor to comply with its Exchange Act reporting obligations, including with respect to any of its predecessors or
successors. The obligations of the Administrator to provide such information shall survive the removal or termination of the Administrator as Administrator hereunder. 
  

	 	(c)	Non-Ministerial Matters. 

 (i) With respect to matters that in the reasonable
judgment of the Administrator are Non-Ministerial (as defined below), the Administrator shall not be under any obligation to take any action; and in any event shall not take any action unless the Administrator shall have received instructions from
the Owner Trustee or from the Persons entitled to vote with respect thereto under the Trust Agreement. For the purpose of the preceding sentence, matters that are “Non-Ministerial” shall include: 

(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 Registrars, successor Paying Agents and successor Indenture Trustees
pursuant to the Indenture or the appointment of successor Administrators or Successor Servicers, or the consent to the assignment by the Registrar, Paying Agent or Indenture Trustee of its obligations under the Indenture; 

(C) the removal of the Owner Trustee; and 

(D) the removal of the Indenture Trustee and the appointment of any successor Indenture Trustee; 

provided, however, that the Administrator may, with the consent of the Owner Trustee, the Indenture Trustee or the Persons
entitled to vote with respect thereto, under the Trust Agreement, take any action with respect to Non-Ministerial matters that the Administrator, in its good faith judgment, deems to be the best interests of the Issuer. The Administrator shall be
entitled to be reimbursed by the Issuer for any expenses or liabilities incurred without willful misconduct, bad faith or negligence in connection with Non-Ministerial Matters. 

(ii) Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not,
take any action that the Issuer or the Owner Trustee (with the consent of Noteholders representing a majority of the Note Balance of the Notes Outstanding of the Controlling Class) directs the Administrator not to take on its behalf. 

  
 7 

 3. 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 by the Issuer and the Noteholders at any time during normal business hours. 

4. Compensation. As compensation for the performance of the Administrator’s obligations under this Agreement related thereto and as
reimbursement for its expenses, the Administrator shall be entitled to a fee equal to $5,000 per annum (the “Administration Fee”), which fee shall be paid by the Servicer out of the Servicing Fee. 

5. 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, 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, Owner Trustee or Indenture Trustee, as applicable, the Administrator shall have no authority to act for or represent the Issuer, the Owner Trustee or the Indenture Trustee in any way and shall not otherwise be deemed an agent of the
Issuer, the Owner Trustee or the Indenture Trustee. 
 6. No Joint Venture. Nothing contained in this Agreement shall
(i) constitute the Administrator and the Issuer, the Owner Trustee or the Indenture Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) be construed to impose
any liability as such on any of them, or (iii) be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others. 

7. 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 or entity even though such person or entity may engage in business activities similar to those of the Issuer, the Owner Trustee or the
Indenture Trustee. 
 8. Term of Agreement; Resignation and Removal of Administrator. 

(a) This Agreement shall continue in force until the termination of the Issuer, upon which event this Agreement shall automatically terminate.

 (b) The Administrator shall not be permitted to resign from the obligations and duties hereby imposed on it, except subject to
Section 8(e) upon the determination that such obligations and duties hereunder are no longer permissible under applicable law or are in material conflict, by reason of applicable law, with any other activities carried on by it. Any such
determination permitting the resignation of the Administrator shall be evidenced by an Opinion of Counsel satisfactory to the Owner Trustee to such effect delivered to the Issuer. 

  
 8 

 (c) Subject to Section 8(e), the Issuer may remove the Administrator without cause by
providing the Administrator with at least sixty (60) days’ prior written notice. 
 (d) Subject to Section 8(e), the
Administrator may be removed immediately, at the sole option of the Issuer, upon written notice of termination from the Issuer to the Administrator if any of the following events shall occur: 

(i) the Administrator shall default in the performance of any of its duties under this Agreement and, after notice of such
default, shall not cure such default within ten (10) days (or, if such default cannot be cured in such time, shall not give within ten (10) days such assurance of cure as shall be reasonably satisfactory to the Issuer); 

(ii) a court having jurisdiction in the premises shall enter a decree or order for relief, and such decree or order shall not
have been vacated within sixty (60) days, in respect of the Administrator in any involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect or appoint a receiver, liquidator, assignee,
custodian, trustee, sequestrator or similar official for the Administrator or any substantial part of its property or order the winding up or liquidation of its affairs or FDIC is appointed as conservator or receiver; or 

(iii) the Administrator shall commence a voluntary case under any applicable Insolvency Event, bankruptcy, receivership, or
other similar law now or hereafter in effect; shall consent to the entry of an order for relief in an involuntary case under any such law; shall consent to the appointment of a receiver, liquidator, assignee, trustee, custodian, sequestrator or
similar official for the Administrator or any substantial part of its property; shall consent to the taking of possession by any such official of any substantial part of its property; shall make any general assignment for the benefit of creditors,
or shall fail generally to pay its debts as they become due. 
 The Administrator agrees that if any of the events specified in
clauses (i), (ii) or (iii) of this Section shall occur, it shall give written notice thereof to the Issuer, the Owner Trustee and the Indenture Trustee within seven (7) days after the happening of such event. 

(e) No resignation or removal of the Administrator pursuant to this Section shall be effective until (i) a successor Administrator shall
have been appointed by the Issuer (with the consent of the Issuer and the Owner Trustee which consent shall not be unreasonably withheld) and (ii) such successor Administrator shall have agreed in writing to be bound by the terms of this
Agreement in the same manner as the Administrator is bound hereunder. 
 (f) The appointment of any successor Administrator shall be
effective only if the Rating Agency Condition is satisfied. 
 (g) The successor Administrator shall execute, acknowledge and deliver a
written acceptance of its appointment hereunder to the resigning Administrator and to the Issuer. Thereupon the resignation or removal of the resigning Administrator shall become effective, and the successor Administrator shall have all the rights,
powers and duties of 

  
 9 

 
the Administrator under this Agreement. The successor Administrator shall mail a notice of its succession to the Noteholders. The resigning Administrator shall promptly transfer or cause to be
transferred all property and any related agreements, documents and statements held by it as Administrator to the successor Administrator and the resigning Administrator shall execute and deliver such instruments and do other things as may reasonably
be required for fully and certainly vesting in the successor Administrator all rights, power, duties and obligations hereunder. 
 (h) In no
event shall a resigning Administrator be liable for the acts or omissions of any successor Administrator hereunder. 
 (i) In the exercise or
administration of its duties hereunder or under any power of attorney, the Administrator may act directly or through its agents or attorneys pursuant to agreements entered into with any of them, if such agents or attorneys shall have been selected
by the Administrator with due care, provided that any such delegation shall not release the Administrator from its obligations hereunder. 

9. Action upon Termination, Resignation or Removal. Promptly upon the effective date of termination of this Agreement pursuant to
Section 8(a) or the resignation or removal of the Administrator pursuant to Sections 8(b), (c) or (d), respectively, the Administrator shall be entitled to be paid all fees and reimbursable expenses accruing to it to the date of such
termination, resignation or removal. The Administrator shall forthwith upon such termination pursuant to Section 8(a) deliver to the Issuer all property and documents of or relating to the Notes or the Collateral then in the custody of the
Administrator. In the event of the resignation or removal of the Administrator pursuant to Sections 8(b), (c) or (d), respectively, the Administrator shall cooperate with the Issuer and take all reasonable steps requested to assist the
Issuer in making an orderly transfer of the duties of the Administrator. 
 10. Notices. Any notice, report or other communication
given hereunder shall be in writing and addressed as follows: 
  

	 	(a)	If to the Issuer or Owner Trustee, to: 

 California Republic Auto Receivables
Trust 2015-1 
 c/o Wilmington Trust, National Association 

Rodney Square North 

1100 North Market Street 

Wilmington, Delaware 19890-0001 

Attention: Corporate Trust Administration 
  

	 	(b)	If to the Administrator, to: 

 California Republic Bank 

18400 Von Karman, Suite 1100 

Irvine, California 92612 

Attention: Jon Wilcox 

  
 10 

	 	(c)	If to the Indenture Trustee, to: 

 Deutsche Bank Trust Company Americas 

c/o DBNTC 

100 Plaza One, 6th Floor 

MS JCY03-0699 

Jersey City, New Jersey 07311 

or to such other address as any such party shall have provided to the other parties in writing. Any notice required to be in writing hereunder shall be deemed
given if such notice is mailed by certified mail, postage prepaid, or hand delivered to the address of such party as provided above. 
 11.
Amendments. 
 (a) It shall be a condition to the execution and delivery of any amendment to be entered into pursuant to this
Section 11 that the Rating Agency Condition be satisfied with respect to such amendment. 
 (b) This Agreement may be amended by the
parties hereto, with prior written notice to the Rating Agencies and the prior written consent of the Noteholders representing a majority of the Note Balance 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. 
 (c)
Notwithstanding anything to the contrary in the foregoing, this Agreement may not 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 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 Noteholders, without the consent of the Holders representing at least a majority of the Note Balance of the Notes Outstanding; provided, however, 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, in the Opinion of Counsel, do not have a material and adverse effect on the interests of the Noteholders. The Indenture Trustee shall have the right to receive such Opinion
of Counsel. 
 12. Successors and Assigns. This Agreement may not be assigned by the Administrator unless such assignment is
previously consented to in writing by the Issuer, the Owner Trustee and the Indenture Trustee at the written direction of the Noteholders representing a majority of the Note Balance of the Notes Outstanding of the Controlling Class and unless the
Rating Agency Condition is satisfied. An assignment with such consent and satisfaction, if accepted by the assignee, shall bind the assignee hereunder in the same manner as the Administrator is bound hereunder. Notwithstanding the foregoing, this
Agreement may be assigned by the Administrator without the consent of the Issuer or the Owner Trustee; provided, the consent of the Indenture Trustee acting at the written direction of the Noteholders

  
 11 

 
representing a majority of the Note Balance of the Notes Outstanding of the Controlling Class is obtained, which consent will not unreasonably be withheld (a) to a successor administrator
located outside the State of California if the tax advisers to the Issuer have advised the Administrator in writing that assignment of this Agreement to such successor is necessary in order to avoid the imposition by the State of California of any
tax on the gross income of the Issuer or on dealer intangibles deemed to be held by the Issuer as a result of the Issuer being considered to be located in California or (b) to a corporation or other organization that is a successor (by merger,
consolidation or purchase of assets) to the Administrator; provided, further, that any such successor organization described in clause (a) or (b) executes and delivers to the Issuer, the Owner Trustee and the Indenture
Trustee an agreement in which such corporation or other organization agrees to be bound hereunder by the terms of said assignment in the same manner as the Administrator is bound hereunder. Subject to the foregoing, this Agreement shall bind any
successors or assigns of the parties hereto. 
 Each of the parties hereto hereby acknowledges, consents and agrees to any transfer
(including assignment, mortgage, pledge or grant of a security interest) by the Issuer to the Indenture Trustee and the Noteholders in accordance with the terms of the Indenture of all of the Issuer’s rights hereunder. 

13. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT 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. 
 14. Waiver of Jury Trial. EACH OF THE PARTIES HERETO 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 ADMINISTRATION AGREEMENT OR THE TRANSACTION CONTEMPLATED HEREBY. 

15. 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 located in the Borough of Manhattan, 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 

  
 12 

 (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. 
 16. 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. 
 17. 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. 

18. 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. 
 19. Limitation of Liability of Owner Trustee. Notwithstanding anything contained herein
to the contrary, this instrument has been executed 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 have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder, as to all of which recourse shall be had solely to the assets of the Issuer. For all purposes of this
Agreement, in the performance of any duties or obligations of the Issuer hereunder, the Issuer shall be subject to, and entitled to the benefits of, the laws and provisions of Articles VI, VII and VIII of the Trust Agreement. No recourse under
any obligation, covenant or agreement of the Issuer contained in this Agreement shall be had against any agent, independent contractor, or other Person acting on behalf of the Issuer (including the Administrator and the Owner Trustee) as such by the
enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise: it being expressly agreed and understood that this agreement is solely an obligation of the Issuer as a Delaware statutory trust, and that
no personal liability whatever shall attach to or be incurred by any agent, independent contractor, or other Person acting on behalf of the Issuer (including the Administrator and Owner Trustee), as such, under or by reason of any obligations,
covenants or agreements of the Issuer contained in this Agreement, or implied therefrom, and that any and all personal liability for breaches by the Issuer of any of its obligations, covenants or agreements, either at common law or at equity, or by
statute or construction, of every such agent, independent contractor, or Person is hereby expressly waived as a condition of and in consideration for the execution of this Agreement. 

20. Third-Party Beneficiary. The Indenture Trustee on behalf of the Noteholders is an express
third-party beneficiary to this Agreement, is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto. 

  
 13 

 21. Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, the
Administrator and the Indenture Trustee shall not, prior to the date which is one (1) year and one (1) day after the Notes have been Paid In Full, acquiesce, petition or otherwise invoke or cause the Issuer to invoke the process
of any court of government authority for the purpose of commencing or sustaining a case against the Issuer 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 or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer. 

22. Liability of Administrator. Neither the Administrator nor any of its directors, officers, employees or agents shall be under any
liability to the Issuer, the Depositor, the Indenture Trustee, the Owner Trustee, or the Noteholders, except as provided in this Agreement, 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 Administrator against any liability by reason of willful misfeasance, bad faith or negligence in the performance of its duties. The Administrator and any director, officer,
employee or agent of the Administrator may conclusively reasonably rely in good faith on the advice of counsel or 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. 
 23. Relocation. If the Administrator’s acting as administrator of the Issuer would
cause a tax to be imposed by the State of California on the gross income of the Issuer or on dealer intangibles deemed to be owned by the Issuer, and if the Administrator does not assign this Agreement to a successor pursuant to Section 12, the
Administrator shall, if in its reasonable discretion it believes it necessary, relocate its trust administrative functions such that the Issuer shall not, as evidenced by an opinion of a nationally recognized California tax counsel, reasonably
satisfactory to the Owner Trustee, acting at the direction of the Noteholders representing a majority of the Note Balance of the Notes Outstanding of the Controlling Class, be subject to said California tax on its gross income or on any dealer
intangibles. 
 24. 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, 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, as the case may be, to satisfy the requirements of the USA PATRIOT Act. 
 [SIGNATURE PAGES
APPEAR ON NEXT PAGE] 

  
 14 

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

			
	 CALIFORNIA REPUBLIC AUTO

RECEIVABLES TRUST 2015-1

		
	 By:
		Wilmington Trust, National Association, not in its individual capacity but solely as Owner Trustee
		
	 By:
		/s/ Adam Scozzafava
	 Name:
		Adam Scozzafava
	 Title:
		Vice President

  

					
	Administration Agreement		S-1		

 
			
	 CALIFORNIA REPUBLIC BANK,

as Administrator

		
	 By:
		/s/ Jon Wilcox
	 Name:
		Jon Wilcox
	 Title:
		CEO

  

					
	Administration Agreement		S-2		

 
			
	 DEUTSCHE BANK TRUST COMPANY

AMERICAS, not in its individual capacity but

solely as Indenture Trustee

		
	 By:
		/s/ Mark DiGiacomo
	 Name:
		Mark DiGiacomo
	 Title:
		Vice President
		
	 By:
		/s/ Jennifer Freda
	 Name:
		Jennifer Freda
	 Title:
		Associate

  

					
	Administration Agreement		S-3		

 
			
	 WILMINGTON TRUST, NATIONAL

ASSOCIATION,

as Owner Trustee

		
	 By:
		/s/ Adam Scozzafava
	 Name:
		Adam Scozzafava
	 Title:
		Vice President

  

					
	Administration Agreement		S-4		

 EXHIBIT A 

POWER OF ATTORNEY 
  

					
	STATE OF DELAWARE		}		
			}		
	COUNTY OF NEW CASTLE		}		

 KNOW ALL MEN BY THESE PRESENTS, that Wilmington Trust, National Association, a national banking association,
not in its individual capacity but solely as owner trustee (the “Owner Trustee”) for California Republic Auto Receivables Trust 2015-1 (the “Issuer”), does hereby make, constitute and appoint California Republic
Bank, as administrator (the “Administrator”) under the Administration Agreement, dated as of March 1, 2015 (as amended, supplemented or otherwise modified from time to time, the “Owner Trust Administration
Agreement”), among the Issuer, the Owner Trustee, the Administrator and Deutsche Bank Trust Company Americas, as Indenture Trustee, and its agents and attorneys, as Attorneys-in-Fact to execute on behalf of the Owner Trustee or the Issuer
all such documents, reports, filings, instruments, certificates and opinions as it should be the duty of the Owner Trustee or the Issuer to prepare, file or deliver pursuant to the Basic Documents, including, without limitation, to appear for and
represent the Owner Trustee and the Issuer in connection with the preparation, filing and audit of federal, state and local tax returns pertaining to the Issuer, and with full power to perform any and all acts associated with such returns and audits
that the Owner Trustee could perform, including without limitation, the right to distribute and receive confidential information, defend and assert positions in response to audits, initiate and defend litigation, and to execute waivers of
restrictions on assessments of deficiencies, consents to the extension of any statutory or regulatory time limit, and settlements. 
 All
powers of attorney for this purpose heretofore filed or executed by the Owner Trustee are hereby revoked. 
 Capitalized terms that are used
and not otherwise defined herein shall have the meanings ascribed thereto in the Owner Trust Administration Agreement. 
 EXECUTED this
[            ] day of [            ], 2015. 
  

			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION
not in its individual capacity but solely as
 Owner Trustee

		
	By:		 
	Name:		
	Title:		

 Administration Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00241-of-00352.parquet"}]]