Document:

Form of Interest Rate Swap Agreement

 Exhibit 10.4 
 (Multicurrency—Cross Border) 
  
 

 
 MASTER AGREEMENT 
 dated as of [            ] 
  

					
	[            ]	 	and	  	 BANK OF AMERICA AUTO TRUST
 20[    ]-[    ]

 have entered and/or anticipate entering into one or more transactions (each a “Transaction”) that are or will
be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a “Confirmation”) exchanged between the parties confirming those Transactions. 

Accordingly, the parties agree as follows:— 

1. Interpretation 
 (a)
Definitions. The terms defined in Section 14 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement. 
 (b) Inconsistency. In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any
inconsistency between the provisions of any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purpose of the relevant Transaction. 
 (c) Single Agreement. All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively
referred to as this “Agreement”), and the parties would not otherwise enter into any Transactions. 
 2. Obligations

  

	(a)	General Conditions. 

(i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this
Agreement. 
 (ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account
specified in the relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such
delivery will be made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement. 

(iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or
Potential Event of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and
(3) each other applicable condition precedent specified in this Agreement. 
 Copyright © 1992 by International Swap Dealers Association, Inc. 

 (b) Change of Account. Either party may change its account for receiving a payment or delivery
by giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change.

  

	(c)	Netting. If on any date amounts would otherwise be payable:— 

 (i) in the same currency; and 
 (ii) in respect of the same Transaction,

 by each party to the other, then, on such date, each party’s obligation to make payment of any such amount will be automatically
satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would otherwise have been payable by the other party, replaced by an obligation upon the party by whom the
larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate amount. 
 The parties may elect in respect of two or more Transactions that a net amount will be determined in respect of all amounts payable on the same date in the same currency in respect of such Transactions,
regardless of whether such amounts are payable in respect of the same Transaction. The election may be made in the Schedule or a Confirmation by specifying that subparagraph (ii) above will not apply to the Transactions identified as being
subject to the election, together with the starting date (in which case subparagraph (ii) above will not, or will cease to, apply to such Transactions from such date). This election may be made separately for different groups of Transactions
and will apply separately to each pairing of Offices through which the parties make and receive payments or deliveries. 
  

	(d)	Deduction or Withholding for Tax. 

 (i) Gross-Up. All payments under this Agreement will be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any
applicable law, as modified by the practice of any relevant governmental revenue authority, then in effect. If a party is so required to deduct or withhold, then that party (“X”) will:— 

(1) promptly notify the other party (“Y”) of such requirement; 

(2) pay to the relevant authorities the full amount required to be deducted or withheld (including the full amount required to be deducted
or withheld from any additional amount paid by X to Y under this Section 2(d)) promptly upon the earlier of determining that such deduction or withholding is required or receiving notice that such amount has been assessed against Y; 

(3) promptly forward to Y an official receipt (or a certified copy), or other documentation reasonably acceptable to Y, evidencing such
payment to such authorities; and 
 (4) if such Tax is an lndemnifiable Tax, pay to Y, in addition to the payment to which Y is
otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y would have
received had no such deduction or withholding been required. However, X will not be required to pay any additional amount to Y to the extent that it would not be required to be paid but for:— 

(A) the failure by Y to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d); or 

(B) the failure of a representation made by Y pursuant to Section 3(f) to be accurate and true unless such failure would not have
occurred but for (I) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a
party to this Agreement) or (II) a Change in Tax Law. 
 (ii) Liability. If:— 

(1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction
or withholding in respect of which X would not be required to pay an additional amount to Y under Section 2(d)(i)(4); 

  

					
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 (2) X does not so deduct or withhold; and 

(3) a liability resulting from such Tax is assessed directly against X, 

then, except to the extent Y has satisfied or then satisfies the liability resulting from such Tax, Y will promptly pay to X the amount of
such liability (including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)). 

(e) Default Interest; Other Amounts. Prior to the occurrence or effective designation of an Early Termination Date in respect of the
relevant Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to
the other party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the
basis of daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation
required to be settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement. 
 3. Representations 
 Each party represents to the other party (which representations will be
deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement) that:— 

(a) Basic Representations. 
 (i) Status. It is duly organised and validly existing under the laws of the jurisdiction of its organisation or incorporation and, if relevant under such laws, in good standing; 

(ii) Powers. It has the power to execute this Agreement and any other documentation relating to this Agreement to which it
is a party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support
Document to which it is a party and has taken all necessary action to authorise such execution, delivery and performance; 

(iii) No Violation or Conflict. Such execution, delivery and performance do not violate or conflict with any law applicable
to it, any provision of its constitutional documents, any order or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any of its assets; 

(iv) Consents. All governmental and other consents that are required to have been obtained by it with respect to this
Agreement or any Credit Support Document to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and 

(v) Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party
constitute its legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganisation, insolvency, moratorium or similar laws affecting creditors’ rights generally and
subject, as to enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)). 
 (b) Absence of Certain Events. No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event
or circumstance would occur as a result of its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party. 
 (c) Absence of Litigation. There is not pending or, to its knowledge, threatened against it or any of its Affiliates any action, suit or proceeding at law or in equity or before any court,
tribunal, governmental body, agency or official or any arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its
obligations under this Agreement or such Credit Support Document. 

  

					
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 (d) Accuracy of Specified Information. All applicable information that is furnished in writing
by or on behalf of it to the other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect. 

(e) Payer Tax Representation. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(e) is
accurate and true. 
 (f) Payee Tax Representations. Each representation specified in the Schedule as being made by it for the
purpose of this Section 3(f) is accurate and true. 
 4. Agreements 
 Each party agrees with the other that, so long as either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party:— 

(a) Furnish Specified Information. It will deliver to the other party or, in certain cases under subparagraph (iii) below, to such
government or taxing authority as the other party reasonably directs:— 
 (i) any forms, documents or certificates relating
to taxation specified in the Schedule or any Confirmation; 
 (ii) any other documents specified in the Schedule or any
Confirmation; and 
 (iii) upon reasonable demand by such other party, any form or document that may be required or reasonably
requested in writing in order to allow such other party or its Credit Support Provider to make a payment under this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or with such
deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document would not materially prejudice the legal or commercial position of the party in receipt of such demand), with any such form or
document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered with any reasonably required certification, 
 in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as reasonably practicable. 
 (b) Maintain Authorisations. It will use all reasonable efforts to maintain in full force and effect all consents of any governmental or other authority that are required to be obtained by
it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary in the future. 
 (c) Comply with Laws. It will comply in all material respects with all applicable laws and orders to which it may be subject if failure so to comply would materially impair its ability to
perform its obligations under this Agreement or any Credit Support Document to which it is a party. 
 (d) Tax Agreement. It will
give notice of any failure of a representation made by it under Section 3(f) to be accurate and true promptly upon learning of such failure. 
 (e) Payment of Stamp Tax. Subject to Section 11, it will pay any Stamp Tax levied or imposed upon it or in respect of its execution or performance of this Agreement by a jurisdiction in
which it is incorporated, organised, managed and controlled, or considered to have its seat, or in which a branch or office through which it is acting for the purpose of this Agreement is located (“Stamp Tax Jurisdiction”) and will
indemnify the other party against any Stamp Tax levied or imposed upon the other party or in respect of the other party’s execution or performance of this Agreement by any such Stamp Tax Jurisdiction which is not also a Stamp Tax Jurisdiction
with respect to the other party. 
 5. Events of Default and Termination Events 
 (a) Events of Default. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the
following events constitutes an event of default (an “Event of Default”) with respect to such party:— 
 (i)
Failure to Pay or Deliver. Failure by the party to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) required to be made by it if such failure is not remedied on or before the third Local
Business Day after notice of such failure is given to the party; 

  

					
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 (ii) Breach of Agreement. Failure by the party to comply with or perform any
agreement or obligation (other than an obligation to make any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii)
or 4(d)) to be complied with or performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party; 

(iii) Credit Support Default. 
 (1) Failure by the party or any Credit Support Provider of such party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support
Document if such failure is continuing after any applicable grace period has elapsed; 
 (2) the expiration or termination of
such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all
obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of the other party; or 
 (3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or in part, or challenges the validity of, such Credit Support Document; 

(iv) Misrepresentation. A representation (other than a representation under Section 3(e) or (f)) made or repeated or
deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect or misleading in any material respect when made or repeated or deemed to
have been made or repeated; 
 (v) Default under Specified Transaction. The party, any Credit Support Provider of
such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace period, there occurs a liquidation of, an acceleration of obligations
under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment or delivery due on the last payment, delivery or exchange date of, or
any payment on early termination of, a Specified Transaction (or such default continues for at least three Local Business Days if there is no applicable notice requirement or grace period) or (3) disaffirms, disclaims, repudiates or rejects, in
whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf); 
 (vi) Cross Default. If “Cross Default” is specified in the Schedule as applying to the party, the occurrence or existence of (1) a default, event of default or other similar
condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or instruments relating to Specified Indebtedness of any of them
(individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness becoming, or becoming capable at such time of being declared, due
and payable under such agreements or instruments, before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such Specified Entity (individually or collectively) in making one or more
payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any applicable notice requirement or grace period); 

(vii) Bankruptcy. The party, any Credit Support Provider of such party or any applicable Specified Entity of such
party:— 
 (1) is dissolved (other than pursuant to a consolidation, amalgamation or merger); (2) becomes insolvent or
is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its creditors; (4) institutes or
has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition is presented for its winding-up or
liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order for relief or the making of an order
for its winding-up or liquidation or (B) is not 

  

					
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dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; (5) has a resolution passed for its winding-up, official management or
liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official for
it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process levied, enforced or sued on or against
all or substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each case within 30 days thereafter; (8) causes or is subject to any event with respect
to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1) to (7) (inclusive); or (9) takes any action in furtherance of, or indicating its consent to, approval
of, or acquiescence in, any of the foregoing acts; or 
 (viii) Merger Without Assumption. The party or any Credit
Support Provider of such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and, at the time of such consolidation, amalgamation, merger or transfer:— 

(1) the resulting, surviving or transferee entity fails to assume all the obligations of such party or such Credit Support Provider under
this Agreement or any Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the other party to this Agreement; or 

(2) the benefits of any Credit Support Document fail to extend (without the consent of the other party) to the performance by such
resulting, surviving or transferee entity of its obligations under this Agreement. 
 (b) Termination Events. The occurrence at any
time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an Illegality if the event is specified in (i) below, a Tax Event if the
event is specified in (ii) below or a Tax Event Upon Merger if the event is specified in (iii) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to (iv) below or an Additional
Termination Event if the event is specified pursuant to (v) below:— 
 (i) Illegality. Due to the
adoption of, or any change in, any applicable law after the date on which a Transaction is entered into, or due to the promulgation of, or any change in, the interpretation by any court, tribunal or regulatory authority with competent jurisdiction
of any applicable law after such date, it becomes unlawful (other than as a result of a breach by the party of Section 4(b)) for such party (which will be the Affected Party):— 

(1) to perform any absolute or contingent obligation to make a payment or delivery or to receive a payment or delivery in respect of such
Transaction or to comply with any other material provision of this Agreement relating to such Transaction; or 
 (2) to perform,
or for any Credit Support Provider of such party to perform, any contingent or other obligation which the party (or such Credit Support Provider) has under any Credit Support Document relating to such Transaction; 

(ii) Tax Event. Due to (x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on
or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y) a Change in Tax Law, the party (which will be the Affected Party) will, or there
is a substantial likelihood that it will, on the next succeeding Scheduled Payment Date (1) be required to pay to the other party an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of
interest under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) and no
additional amount is required to be paid in respect of such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B)); 

  

					
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 (iii) Tax Event Upon Merger. The party (the “Burdened Party”) on the
next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) or
(2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the other party is not required to pay an additional amount (other than by reason of
Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or substantially all its assets to, another entity (which will be the Affected Party) where
such action does not constitute an event described in Section 5(a)(viii); 
 (iv) Credit Event Upon Merger. If
“Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party (“X”), any Credit Support Provider of X or any applicable Specified Entity of X consolidates or amalgamates with, or merges with or
into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the creditworthiness of the resulting, surviving or transferee entity is materially
weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its successor or transferee, as appropriate, will be the Affected Party); or 

(v) Additional Termination Event. If any “Additional Termination Event” is specified in the Schedule or any
Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation). 

(c) Event of Default and Illegality. If an event or circumstance which would otherwise constitute or give rise to an Event of Default also
constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default. 
 6. Early Termination

 (a) Right to Terminate Following Event of Default. If at any time an Event of Default with respect to a party (the
“Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to the Defaulting Party specifying the relevant Event of Default, designate a day not
earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early Termination” is specified in the Schedule as applying to a party, then an Early
Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(1), (3), (5), (6) or, to the extent analogous thereto,
(8), and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to
the extent analogous thereto, (8). 
 (b) Right to Terminate Following Termination Event. 

(i) Notice. If a Termination Event occurs, an Affected Party will, promptly upon becoming aware of it, notify the other
party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require. 

(ii) Transfer to Avoid Termination Event. If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and
there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all
reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in
respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. 

If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period,
whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). 
 Any
such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party’s policies in effect at such time would
permit it to enter into transactions with the transferee on the terms proposed. 

  

					
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 (iii) Two Affected Parties. If an Illegality under Section 5(b)(i)(1) or
a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given under Section 6(b)(i) on action to avoid that Termination Event, 

(iv) Right to Terminate. If:— 
 (1) a transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii), as the case may be, has not been effected with respect to all Affected Transactions within 30 days after an
Affected Party gives notice under Section 6(b)(i); or 
 (2) an Illegality under Section 5(b)(i)(2), a Credit Event
Upon Merger or an Additional Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened Party is not the Affected Party, 
 either party in the case of an Illegality, the Burdened Party in the case of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event or an Additional Termination Event if there is more than
one Affected Party, or the party which is not the Affected Party in the case of a Credit Event Upon Merger or an Additional Termination Event if there is only one Affected Party may, by not more than 20 days notice to the other party and provided
that the relevant Termination Event is then continuing, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions. 
 (c) Effect of Designation. 
 (i) If notice designating an Early
Termination Date is given under Section 6(a) or (h), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing. 

(ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under
Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be
determined pursuant to Section 6(e). 
 (d) Calculations. 

(i) Statement. On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party
will make the calculations on its part, if any, contemplated by Section 6(e) and will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including all relevant quotations and specifying any amount
payable under Section 6(e)) and (2) giving details of the relevant account to which any amount payable to it is to be paid. In the absence of written confirmation from the source of a quotation obtained in determining a Market Quotation.
the records of the party obtaining such quotation will be conclusive evidence of the existence and accuracy of such quotation. 

(ii) Payment Date. An amount calculated as being due in respect of any Early Termination Date under Section 6(e) will
be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of Default) and on the day which is two Local Business Days after the day on which
notice of the amount payable is effective (in the case of an Early Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon
(before as well as after judgment) in the Termination Currency, from (and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily
compounding and the actual number of days elapsed. 
 (e) Payments on Early Termination. If an Early Termination Date occurs, the
following provisions shall apply based on the parties’ election in the Schedule of a payment measure, either “Market Quotation” or “Loss”, and a payment method, either the “First Method” or the “Second
Method”. If the parties fail to designate a payment measure or payment method in the Schedule, it will be deemed that “Market Quotation” or the “Second Method”, as the case may be, shall apply. The amount, if any, payable in
respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off. 

  

					
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 (i) Events of Default. If the Early Termination Date results from an Event of
Default:— 
 (1) First Method and Market Quotation. If the First Method and Market Quotation apply, the Defaulting
Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of
the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. 
 (2) First Method and Loss. If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of
this Agreement. 
 (3) Second Method and Market Quotation. If the Second Method and Market Quotation apply, an amount will
be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party less
(B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting Party
will pay the absolute value of that amount to the Defaulting Party. 
 (4) Second Method and Loss. If the Second Method
and Loss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the
Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party. 
 (ii) Termination
Events. If the Early Termination Date results from a Termination Event:— 
 (1) One Affected Party. If there
is one Affected Party, the amount payable will be determined in accordance with Section 6(e)(i)(3), if Market Quotation applies, or Section 6(e)(i)(4), if Loss applies, except that, in either case, references to the Defaulting Party and to
the Non-defaulting Party will be deemed to be references to the Affected Party and the party which is not the Affected Party, respectively, and, if Loss applies and fewer than all the Transactions are being terminated, Loss shall be calculated in
respect of all Terminated Transactions. 
 (2) Two Affected Parties. If there are two Affected Parties:— 

(A) if Market Quotation applies, each party will determine a Settlement Amount in respect of the Terminated Transactions, and an amount
will be payable equal to (I) the sum of (a) one-half of the difference between the Settlement Amount of the party with the higher Settlement Amount (“X”) and the Settlement Amount of the party with the lower Settlement Amount
(“Y”) and (b) the Termination Currency Equivalent of the Unpaid Amounts owing to X less (II) the Termination Currency Equivalent of the Unpaid Amounts owing to Y; and 

(B) if Loss applies, each party will determine its Loss in respect of this Agreement (or, if fewer than all the Transactions are being
terminated, in respect of all Terminated Transactions) and an amount will be payable equal to one-half of the difference between the Loss of the party with the higher Loss (“X”) and the Loss of the party with the lower Loss
(“Y”). 
 If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the
absolute value of that amount to Y. 
 (iii) Adjustment for Bankruptcy. In circumstances where an Early Termination
Date occurs because “Automatic Early Termination” applies in respect of a party, the amount determined under this Section 6(e) will be subject to such adjustments as are appropriate and permitted by law to reflect any payments or
deliveries made by one party to the other under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii). 

  

					
		  	9	  	ISDA®
1992

 (iv) Pre-Estimate. The parties agree that if Market Quotation applies an
amount recoverable under this Section 6(e) is a reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement
neither party will be entitled to recover any additional damages as a consequence of such losses. 
 7. Transfer 

Subject to Section 6(b)(ii), neither this Agreement nor any interest or obligation in or under this Agreement may be transferred (whether by way of
security or otherwise) by either party without the prior written consent of the other party, except that:— 
 (a) a party may make such a
transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and

 (b) a party may make such a transfer of all or any part of its interest in any amount payable to it from a Defaulting Party under
Section 6(e). 
 Any purported transfer that is not in compliance with this Section will be void. 

8. Contractual Currency 
 (a)
Payment in the Contractual Currency. Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the “Contractual Currency”). To the extent permitted by applicable
law, any obligation to make payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any tender in any currency other than the Contractual Currency, except to the extent such tender results in the actual
receipt by the party to which payment is owed, acting in a reasonable manner and in good faith in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of
this Agreement. If for any reason the amount in the Contractual Currency so received falls short of the amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by
applicable law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual
Currency payable in respect of this Agreement, the party receiving the payment will refund promptly the amount of such excess. 
 (b)
Judgments. To the extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement,
(ii) for the payment of any amount relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in (i) or (ii) above, the party
seeking recovery, after recovery in full of the aggregate amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency
received by such party as a consequence of sums paid in such other currency and will refund promptly to the other party any excess of the Contractual Currency received by such party as a consequence of sums paid in such other currency if such
shortfall or such excess arises or results from any variation between the rate of exchange at which the Contractual Currency is converted into the currency of the judgment or order for the purposes of such judgment or order and the rate of exchange
at which such party is able, acting in a reasonable manner and in good faith in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment or order actually
received by such party. The term “rate of exchange” includes, without limitation, any premiums and costs of exchange payable in connection with the purchase of or conversion into the Contractual Currency. 

(c) Separate Indemnities. To the extent permitted by applicable law, these indemnities constitute separate and independent obligations from
the other obligations in this Agreement, will be enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the party to which any payment is owed and will not be affected by judgment being
obtained or claim or proof being made for any other sums payable in respect of this Agreement. 
 (d) Evidence of Loss. For the
purpose of this Section 8, it will be sufficient for a party to demonstrate that it would have suffered a loss had an actual exchange or purchase been made. 

  

					
		  	10	  	ISDA®
1992

 9. Miscellaneous 
 (a) Entire Agreement. This Agreement constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior
writings with respect thereto. 
 (b) Amendments. No amendment, modification or waiver in respect of this Agreement will be
effective unless in writing (including a writing evidenced by a facsimile transmission) and executed by each of the parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system. 

(c) Survival of Obligations. Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will
survive the termination of any Transaction. 
 (d) Remedies Cumulative. Except as provided in this Agreement, the rights, powers,
remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers, remedies and privileges provided by law. 
 (e) Counterparts and Confirmations. 
 (i) This
Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original. 

(ii) The parties intend that they are legally bound by the terms of each Transaction from the moment they agree to those terms (whether
orally or otherwise). A Confirmation shall he entered into as soon as practicable and may he executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes or by an exchange of electronic
messages on an electronic messaging system, which in each case will be sufficient for all purposes to evidence a binding supplement to this Agreement. The parties will specify therein or through another effective means that any such counterpart,
telex or electronic message constitutes a Confirmation. 
 (f) No Waiver of Rights. A failure or delay in exercising any right,
power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise, of that right, power
or privilege or the exercise of any other right, power or privilege. 
 (g) Headings. The headings used in this Agreement are for
convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement. 

10. Offices; Multibranch Parties 
 (a) If
Section 10(a) is specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to the other party that, notwithstanding the place of booking office or
jurisdiction of incorporation or organisation of such party, the obligations of such party are the same as if it had entered into the Transaction through its head or home office. This representation will be deemed to be repeated by such party on
each date on which a Transaction is entered into. 
 (b) Neither party may change the Office through which it makes and receives payments or
deliveries for the purpose of a Transaction without the prior written consent of the other party. 
 (c) If a party is specified as a Multibranch
Party in the Schedule, such Multibranch Party may make and receive payments or deliveries under any Transaction through any Office listed in the Schedule, and the Office through which it makes and receives payments or deliveries with respect to a
Transaction will be specified in the relevant Confirmation. 
 11. Expenses 
 A Defaulting Party will, on demand, indemnify and hold harmless the other party for and against all reasonable out-of-pocket expenses, including legal fees and Stamp Tax, incurred by such other party by
reason of the enforcement and protection of its rights under this Agreement or any Credit Support Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to, costs of
collection. 

  

					
		  	11	  	ISDA®
1992

 12. Notices 
 (a) Effectiveness. Any notice or other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5
or 6 may not be given by facsimile transmission or electronic messaging system) to the address or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated:—

 (i) if in writing and delivered in person or by courier, on the date it is delivered; 

(ii) if sent by telex, on the date the recipient’s answerback is received; 

(iii) if sent by facsimile transmission, on the date that transmission is received by a responsible employee of the recipient in legible
form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission report generated by the sender’s facsimile machine); 
 (iv) if sent by certified or registered mail (airmail, if overseas) or the equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or 

(v) if sent by electronic messaging system, on the date that electronic message is received, 

unless the date of that delivery (or attempted delivery) or that receipt, as applicable, is not a Local Business Day or that communication is delivered
(or attempted) or received, as applicable, after the close of business on a Local Business Day, in which case that communication shall be deemed given and effective on the first following day that is a Local Business Day. 

(b) Change of Addresses. Either party may by notice to the other change the address, telex or facsimile number or electronic messaging
system details at which notices or other communications are to be given to it. 
 13. Governing Law and Jurisdiction 

(a) Governing Law. This Agreement will be governed by and construed in accordance with the law specified in the Schedule. 

(b) Jurisdiction. With respect to any suit, action or proceedings relating to this Agreement (“Proceedings”), each party
irrevocably:— 
 (i) submits to the jurisdiction of the English courts, if this Agreement is expressed to be governed by
English law, or to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of Manhattan in New York City, if this Agreement is expressed to be governed by the laws of the
State of New York; and 
 (ii) waives any objection which it may have at any time to the laying of venue of any Proceedings
brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to such Proceedings, that such court does not have any jurisdiction over such party.

 Nothing in this Agreement precludes either party from bringing Proceedings in any other jurisdiction (outside, if this Agreement is expressed
to be governed by English law, the Contracting States, as defined in Section 1(3) of the Civil Jurisdiction and Judgments Act 1982 or any modification, extension or re-enactment thereof for the time being in force) nor will the bringing of
Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction. 
 (c) Service of
Process. Each party irrevocably appoints the Process Agent (if any) specified opposite its name in the Schedule to receive, for it and on its behalf, service of process in any Proceedings. If for any reason any party’s Process Agent is
unable to act as such, such party will promptly notify the other party and within 30 days appoint a substitute process agent acceptable to the other party. The parties irrevocably consent to service of process given in the manner provided for
notices in Section 12. Nothing in this Agreement will affect the right of either party to serve process in any other manner permitted by law. 
 (d) Waiver of Immunities. Each party irrevocably waives, to the fullest extent permitted by applicable law, with respect to itself and its revenues and assets (irrespective of their use or
intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction, order for specific performance or for recovery of property,
(iv) attachment of its assets (whether before or after judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceedings in the courts of any jurisdiction and
irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings. 

  

					
		  	12	  	ISDA®
1992

 14. Definitions 
 As used in this Agreement:— 
 “Additional Termination
Event” has the meaning specified in Section 5(b). 
 “Affected Party” has the
meaning specified in Section 5(b). 
 “Affected Transactions” means (a) with respect to any
Termination Event consisting of an Illegality, Tax Event or Tax Event Upon Merger, all Transactions affected by the occurrence of such Termination Event and (b) with respect to any other Termination Event, all Transactions. 

“Affiliate” means, subject to the Schedule, in relation to any person, any entity controlled, directly or
indirectly, by the person, any entity that controls, directly or indirectly, the person or any entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of a
majority of the voting power of the entity or person. 
 “Applicable Rate” means:— 

(a) in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate;

 (b) in respect of an obligation to pay an amount under Section 6(e) of either party from and after the date (determined in accordance
with Section 6(d)(ii)) on which that amount is payable, the Default Rate; 
 (c) in respect of all other obligations payable or deliverable
(or which would have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default Rate; and 
 (d) in all other cases, the
Termination Rate. 
 “Burdened Party” has the meaning specified in Section 5(b). 

“Change in Tax Law” means the enactment, promulgation, execution or ratification of, or any change in or amendment
to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant Transaction is entered into. 
 “consent” includes a consent, approval, action, authorisation, exemption, notice, filing, registration or exchange control consent. 

“Credit Event Upon Merger” has the meaning specified in Section 5(b). 

“Credit Support Document” means any agreement or instrument that is specified as such in this Agreement.
“Credit Support Provider” has the meaning specified in the Schedule. 
 “Default Rate” means a
rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as certified by it) if it were to fund or of funding the relevant amount plus 1% per annum. 

“Defaulting Party” has the meaning specified in Section 6(a). 

“Early Termination Date” means the date determined in accordance with Section 6(a) or 6(h)(iv). 

“Event of Default” has the meaning specified in Section 5(a) and, if applicable, in the Schedule. 

“Illegality” has the meaning specified in Section 5(b). 
 “Indemnifiable Tax” means any Tax other than a Tax that would not be imposed in respect of a payment under this Agreement but for a present or former connection
between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without limitation, a connection arising from such recipient or related person
being or having been a citizen or resident of such jurisdiction, or being or having been organised, present or engaged in a trade or business in such jurisdiction, or having or having had a permanent establishment or fixed place of business in such
jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under, or enforced, this Agreement or a Credit Support Document). 

  

					
		  	13	  	ISDA®
1992

 “law” includes any treaty, law, rule or regulation (as modified, in
the case of tax matters, by the practice of any relevant governmental revenue authority) and “lawful” and “unlawful” will be construed accordingly. 

“Local Business Day” means, subject to the Schedule, a day on which commercial banks are open for business
(including dealings in foreign exchange and foreign currency deposits) (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the
parties in writing or determined pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal
financial centre, if any, of the currency of such payment, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient
and, in the case of a notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such
Specified Transaction. 
 “Loss” means, with respect to this Agreement or one or more Terminated
Transactions, as the case may be, and a party, the Termination Currency Equivalent of an amount that party reasonably determines in good faith to be its total losses and costs (or gain, in which case expressed as a negative number) in connection
with this Agreement or that Terminated Transaction or group of Terminated Transactions, as the case may be, including any loss of bargain, cost of funding or, at the election of such party but without duplication, loss or cost incurred as a result
of its terminating, liquidating, obtaining or reestablishing any hedge or related trading position (or any gain resulting from any of them). Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made
(assuming satisfaction of each applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies. Loss does not include
a party’s legal fees and out-of-pocket expenses referred to under Section 11. A party will determine its Loss as of the relevant Early Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter as is
reasonably practicable. A party may (but need not) determine its Loss by reference to quotations of relevant rates or prices from one or more leading dealers in the relevant markets. 
 “Market Quotation” means, with respect to one or more Terminated Transactions and a party making the determination, an amount determined on the basis of quotations
from Reference Market-makers. Each quotation will be for an amount, if any, that would be paid to such party (expressed as a negative number) or by such party (expressed as a positive number) in consideration of an agreement between such party
(taking into account any existing Credit Support Document with respect to the obligations of such party) and the quoting Reference Market-maker to enter into a transaction (the “Replacement Transaction”) that would have the effect of
preserving for such party the economic equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under
Section 2(a)(i) in respect of such Terminated Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date. For this purpose, Unpaid Amounts in
respect of the Terminated Transaction or group of Terminated Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each
applicable condition precedent) after that Early Termination Date is to be included. The Replacement Transaction would be subject to such documentation as such party and the Reference Market-maker may, in good faith, agree. The party making the
determination (or its agent) will request each Reference Market-maker to provide its quotation to the extent reasonably practicable as of the same day and time (without regard to different time zones) on or as soon as reasonably practicable after
the relevant Early Termination Date. The day and time as of which those quotations are to be obtained will be selected in good faith by the party obliged to make a determination under Section 6(e), and, if each party is so obliged, after
consultation with the other. If more than three quotations are provided, the Market Quotation will be the arithmetic mean of the quotations, without regard to the quotations having the highest and lowest values. If exactly three such quotations are
provided, the Market Quotation will be the quotation remaining after disregarding the highest and lowest quotations. For this purpose, if more than one quotation has the same highest value or lowest value, then one of such quotations shall be
disregarded. If fewer than three quotations are provided, it will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Terminated Transactions cannot be determined. 

“Non-default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the
Non-defaulting Party (as certified by it) if it were to fund the relevant amount. 
 “Non-defaulting
Party” has the meaning specified in Section 6(a). 

  

					
		  	14	  	ISDA®
1992

 “Office” means a branch or office of a party, which may be such
party’s head or home office. 
 “Potential Event of Default” means any event which, with the giving
of notice or the lapse of time or both, would constitute an Event of Default. 
 “Reference Market-makers”
means four leading dealers in the relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the
time in deciding whether to offer or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city. 
 “Relevant Jurisdiction” means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organised, managed and controlled or considered
to have its seat, (b) where an Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment
is made. 
 “Scheduled Payment Date” means a date on which a payment or delivery is to be made under
Section 2(a)(i) with respect to a Transaction. 
 “Set-off” means set-off, offset, combination of
accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is
exercised by, or imposed on, such payer. 
 “Settlement Amount” means, with respect to a party and any
Early Termination Date, the sum of:— 
 (a) the Termination Currency Equivalent of the Market Quotations (whether positive or negative) for
each Terminated Transaction or group of Terminated Transactions for which a Market Quotation is determined; and 
 (b) such party’s Loss
(whether positive or negative and without reference to any Unpaid Amounts) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation cannot be determined or would not (in the reasonable belief of the party
making the determination) produce a commercially reasonable result. 
 “Specified Entity” has the meanings
specified in the Schedule. 
 “Specified Indebtedness” means, subject to the Schedule, any obligation
(whether present or future, contingent or otherwise, as principal or surety or otherwise) in respect of borrowed money. 

“Specified Transaction” means, subject to the Schedule, (a) any transaction (including an agreement with
respect thereto) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such party) and the other party to this Agreement (or any Credit Support
Provider of such other party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index
option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction
(including any option with respect to any of these transactions), (b) any combination of these transactions and (c) any other transaction identified as a Specified Transaction in this Agreement or the relevant confirmation. 

“Stamp Tax” means any stamp, registration, documentation or similar tax. 

“Tax” means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature (including
interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax. 

“Tax Event” has the meaning specified in Section 5(b). 

“Tax Event Upon Merger” has the meaning specified in Section 5(b). 

“Terminated Transactions” means with respect to any Early Termination Date (a) if resulting from a Termination
Event, all Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if “Automatic Early
Termination” applies, immediately before that Early Termination Date). 
 “Termination Currency” has
the meaning specified in the Schedule. 

  

					
		  	15	  	ISDA®
1992

 “Termination Currency Equivalent” means, in respect of any amount
denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the “Other Currency”), the amount in the Termination Currency determined
by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may be), is determined as of a later
date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination Currency at or about 11:00 a.m.
(in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination Date or that later date. The
foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties. 
 “Termination Event” means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event Upon Merger or an Additional
Termination Event. 
 “Termination Rate” means a rate per annum equal to the arithmetic mean of the cost
(without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts. 

“Unpaid Amounts” owing to any party means, with respect to an Early Termination Date, the aggregate of (a) in
respect of all Terminated Transactions, the amounts that became payable (or that would have become payable but for Section 2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early Termination Date and which remain unpaid as
at such Early Termination Date and (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be settled by delivery to such party on
or prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market value of that which was (or would have been) required to be delivered as of the originally scheduled date
for delivery, in each case together with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have been required to have been paid or
performed to (but excluding) such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred
to in clause (b) above shall be reasonably determined by the party obliged to make the determination under Section 6(e) or, if each party is so obliged, it shall be the average of the Termination Currency Equivalents of the fair market
values reasonably determined by both parties. 
 IN WITNESS WHEREOF the parties have executed this document on the respective dates specified
below with effect from the date specified on the first page of this document. 
  

													
	 [        ]
	  		  	BANK OF AMERICA AUTO TRUST 20[    ]-[    ]
				
		 		  		  	By: [ ], not in its individual capacity but solely as Owner Trustee
						
	By:	 	 	  		  		  	 	By:	  	  	 
		 	 Name:
	  		  		  				  	Name:
		 	 Title:
	  		  		  				  	Title:

  

					
		  	16	  	ISDA®
1992

 SCHEDULE 
 to the 
 MASTER AGREEMENT 

(Multicurrency-Cross Border) 
 dated as of [            ] 
 between 

[            ] 

a [            ] 

(“Party A”) 
 and 
 BANK OF AMERICA AUTO TRUST
20[    ]-[    ] 
 a Delaware statutory trust 

(“Party B”) 

  

					
		  		  	ISDA®
1992

 Definitions 
 The 2006 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc. (the “Definitions”) are incorporated into this Agreement and shall form part of this
Agreement. In the event of any inconsistency among or between any of the following documents, the relevant document first listed below shall govern: (i) a Confirmation and any relevant definitions incorporated into such Confirmation;
(ii) this Schedule and any relevant definitions incorporated herein; and (iii) Sections 1 to 14 of this Agreement. 

Capitalized terms used herein but not defined in this Agreement or the Definitions shall have the meanings specified in the Indenture
dated as of [            ] between Party B, as the Issuer, and [                    ], as
the Indenture Trustee, as such Indenture may be amended, modified or supplemented from time to time (the “Indenture”). 
 For the avoidance of doubt, references herein to a particular “Section” of this Agreement are references to the corresponding sections of the ISDA Master Agreement (Multicurrency—Cross
Border) to which this Schedule is attached. 
 Part 1. Termination Provisions 
 In this Agreement: 
 (a) “Specified Entity” means in relation to
Party A for the purpose of: 
  

			
	Section 5(a)(v),	  	Not Applicable
	Section 5(a)(vi),	  	Not Applicable
	Section 5(a)(vii),	  	Not Applicable
	Section 5(b)(iv),	  	Not Applicable

 in relation to Party B for the purpose of: 

 

			
	Section 5(a)(v),	  	Not Applicable
	Section 5(a)(vi),	  	Not Applicable
	Section 5(a)(vii),	  	Not Applicable
	Section 5(b)(iv),	  	Not Applicable

 (b) “Specified Transaction” will have the meaning specified in Section 14 of this
Agreement. 
 (c) Application of Events of Default. The provisions of Section 5(a) of this Agreement will apply to
Party A and Party B as follows: 
  

					
	 Section 5(a)
	  	 Party A
	  	 Party B

	(i) “Failure to Pay or Deliver”	  	Applicable (except as provided below in Part 1(d)(ii)).	  	Applicable.
	(ii) “Breach of Agreement”	  	Applicable.	  	Not Applicable.
	(iii) “Credit Support Default”	  	Applicable (except as provided below in Part 1(d)(ii)).	  	Applicable (but only to the extent described below in Part 1(d)(i)).

  

					
		  	2	  	ISDA®
1992

					
	 Section 5(a)
	  	 Party A
	  	 Party B

	(iv) “Misrepresentation”	  	Applicable.	  	Not Applicable.
	(v) “Default Under Specified Transaction”	  	Applicable.	  	Not Applicable.
	(vi) “Cross-Default”	  	Applicable.	  	Not Applicable.
	(vii) “Bankruptcy”	  	Applicable.	  	Applicable (but only to the extent described below in Part 1(f)).
	(viii) “Merger Without Assumption”	  	Applicable.	  	Applicable.

 (d) Modification of “Credit Support Default” Event of Default. 

(i) Section 5(a)(iii)(1) will apply to Party B in respect of Party B’s obligations under Paragraphs
3(b) and 8(d) of that certain Credit Support Annex, dated as of the date hereof, attached hereto and made a part hereof between Party A and Party B (as from time to time amended, supplemented, replaced or modified, the “Credit
Support Annex”). 
 (ii) Notwithstanding Sections 5(a)(i) and 5(a)(iii), any failure by Party A to
comply with or perform any obligation to be complied with or performed by Party A under the Credit Support Annex shall not be an Event of Default unless [(A)(i) a Moody’s Second Trigger Event has occurred and has continued for at
least thirty (30) consecutive Local Business Days, (ii) Party A has failed to Transfer sufficient Eligible Credit Support to ensure that the Delivery Amount calculated pursuant to clause (2) of the definition of “Delivery
Amount” in Paragraph 13 of the Credit Support Annex is zero (unless, in any such instance, the applicable Delivery Amount is less than the Minimum Transfer Amount) and (iii) such failure is not remedied on or before the third Local
Business Day after notice of such failure is given to Party A][, or (B)(i) an S&P Substitution Event has occurred and continued for at least sixty (60) consecutive calendar days, (ii) Party A has failed to Transfer
sufficient Eligible Credit Support to ensure that the amount calculated pursuant to clause (1) of the definition of “Delivery Amount” in Paragraph 13 of the Credit Support Annex is zero (unless, in any such instance, the
applicable Delivery Amount is less than the Minimum Transfer Amount) and (iii) such failure is not remedied on or before the third Local Business Day after notice of such failure is given to Party A].1 

(e) Modification of “Cross Default” Event of Default. With respect to Section 5(a)(vi): 

“Specified Indebtedness” will have the meaning specified in Section 14, provided that Specified Indebtedness
shall not include deposits received in the course of a party’s ordinary banking business. 
 “Threshold
Amount” means, with respect to Party A, 3% of the Shareholders’ Equity of the applicable Relevant Entity, provided that if the Relevant Entity is Party A, then “Threshold Amount” means [ ]% of the
Shareholders’ Equity of [Party A]. 
  
  

	1 	Note that requirements from other NRSROs may also be added. Note also that references to Moody’s and/or S&P may be deleted and replaced with any other NRSRO.

  

					
		  	3	  	ISDA®
1992

 “Shareholders’ Equity” means, with respect to an entity, at any time,
(1) if the Relevant Entity is a national banking association, the “Total Equity Capital” of the Relevant Entity (as shown in the most recently filed FFIEC Consolidated Report of Condition for Insured Commercial and State-Chartered
Savings Banks (“Call Report”) Schedule RC- Balance Sheet of such entity) or (2) for any other entity, the sum (as shown in the most recent annual audited financial statements of such entity) of (i) its capital stock
(including preferred stock) outstanding, taken at par value, (ii) its capital surplus and (iii) its retained earnings, minus (iv) treasury stock, each to be determined in accordance with generally accepted accounting principles.

 (f) Modification of “Bankruptcy” Event of Default. With respect to Party B only (and the related
Confirmations only), clause (2) of Section 5(a)(vii) will be revised to provide in its entirety, “(2) is or becomes unable to pay any portion of the principal of or interest accruing (or scheduled to accrue) on the [Class A-4-B Notes]
(as defined in the Indenture) or any payment obligation senior in right of payment to such principal or interest under the Indenture or fails or admits in writing its inability generally to make any such payment or pay any such obligation as it
becomes due”; clause (7) of Section 5(a)(vii) will not apply to the extent that the secured party referred to therein is the Indenture Trustee or any successor thereto appointed pursuant to the Indenture; clause (9) of
Section 5(a)(vii) will not be applicable as an Event of Default; clause (3) will not apply to Party B to the extent it refers to any assignment, arrangement or composition that is effected by or pursuant to the Transaction Documents;
clause (4) will not apply to Party B to the extent that it refers to proceedings or petitions instituted or presented by Party A or any of its Affiliates; clause (6) will not apply to Party B to the extent that it refers to
(i) any appointment that is contemplated or effected by the Transaction Documents or (ii) any appointment that Party B has not become subject to; and clause (8) will not apply to Party B to the extent that it applies to
Section 5(a)(vii)(2), (3), (4), (6) and (7) except to the extent that such provisions are not disapplied with respect to Party B. 
 (g) Application of Termination Events. The provisions of Section 5(b) of this Agreement will apply to Party A and Party B as follows: 

 

					
	 Section 5(b)
	  	 Party A
	  	 Party B

	(i) “Illegality”	  	Applicable.	  	Applicable.
	(ii) “Tax Event”	  	Applicable.	  	Applicable.
	(iii) “Tax Event Upon Merger”	  	Applicable.	  	Applicable.
	(iv) “Credit Event Upon Merger”	  	Not Applicable.	  	Not Applicable.

 (h) Section 5(b)(ii) will apply, provided that the words “(x) any action taken by a
taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y)” shall be
deleted. 
 (i) Notwithstanding Section 5(b)(iii), Party A shall not be entitled to designate an Early Termination Date
by reason of a Tax Event Upon Merger in respect of which it is the Affected Party. 
 (j) Section 6(b)(ii) will apply,
provided that the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” shall be deleted. 
 (k) The “Automatic Early Termination” provision of Section 6(a) will not apply to either Party A or to Party B. 

  

					
		  	4	  	ISDA®
1992

 (l) Payments on Early Termination. For the purpose of Section 6(e) of this
Agreement, Market Quotation will apply and the Second Method will apply; provided, however, if an Early Termination Date is designated in respect of (A) an Event of Default with respect to which Party A is a Defaulting Party
or (B) an Additional Termination Event with respect to which Party A is the sole Affected Party, notwithstanding Section 6 of this Agreement, the following amendments to the Agreement set forth in paragraphs (i) to
(vi) below shall apply: 
 (i) The definition of “Market Quotation” shall be deleted in its
entirety and replaced with the following: 
 “Market Quotation” means, with respect to one or more
Terminated Transactions, a Firm Offer which is (1) made by an Eligible Replacement, (2) for an amount that would be paid to Party B (expressed as a negative number) or by Party B (expressed as a positive number) in consideration
of an agreement between Party B and such Eligible Replacement to enter into a transaction (the “Replacement Transaction”) that would have the effect of preserving for Party B the economic equivalent of any payment
or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated Transaction or group of
Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date, (3) made on the basis that Unpaid Amounts in respect of the Terminated Transaction or group of Terminated
Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early Termination
Date is to be included and (4) made in respect of a Replacement Transaction with terms that are, in all material respects, no less beneficial for Party B than those of this Agreement (save for the exclusion of provisions relating to
Transactions that are not Terminated Transactions), as determined by Party B. In determining whether or not a Firm Offer satisfies the conditions set forth in the immediately preceding sentence, Party B shall act in good faith and in a
commercially reasonable manner. 
 (ii) The definition of Settlement Amount shall be deleted in its entirety and
replaced with the following: 
 “Settlement Amount” means, with respect to any Early Termination Date, an
amount (as determined by Party B in good faith and in a commercially reasonable manner) equal to the Termination Currency Equivalent of the amount (whether positive or negative) of any Market Quotation for the relevant Terminated Transaction or
group of Terminated Transactions that is accepted by Party B so as to become legally binding, provided that: 
 (A)
If, on or before the Early Termination Date, no Market Quotation for the relevant Terminated Transaction or group of Terminated Transactions has been accepted by Party B so as to become legally binding and one or more Market Quotations have
been made and remain capable of becoming legally binding upon acceptance, the Settlement Amount shall equal the Termination Currency Equivalent of the amount (whether positive or negative) of the lowest of such Market Quotations (for the avoidance
of doubt, (i) a Market Quotation expressed as a negative number is lower than a Market Quotation expressed as a positive number, and (ii) the lower of two Market Quotations expressed as negative numbers is the one with the larger absolute
value); and 

  

					
		  	5	  	ISDA®
1992

 (B) If, on the Early Termination Date, no Market Quotation for the relevant Terminated
Transaction or group of Terminated Transactions is accepted by Party B so as to become legally binding on or before the Early Termination Date, and no Market Quotations have been made and remain capable of becoming legally binding upon
acceptance, the Settlement Amount shall equal Party B’s Loss (whether positive or negative and without reference to any Unpaid Amounts) for the relevant Terminated Transaction or group of Terminated Transactions. 

(iii) At any time on or before the Early Termination Date at which two or more Market Quotations remain capable of
becoming legally binding upon acceptance, Party B shall be entitled to accept only the lowest of such Market Quotations (for the avoidance of doubt, (i) a Market Quotation expressed as a negative number is lower than a Market Quotation
expressed as a positive number, and (ii) the lower of two Market Quotations expressed as negative numbers is the one with the larger absolute value). 
 (iv) Party B will be deemed to have discharged its obligations to obtain Market Quotations above if it requests Party A to obtain Market Quotations, where such request is made in writing within
two Local Business Days after the day on which the Early Termination Date is designated. 
 (v) If Party B
requests Party A in writing to obtain Market Quotations, Party A shall use its reasonable efforts to do so before the Early Termination Date. 
 (vi) If the Settlement Amount is a negative number, Section 6(e)(i)(3) of this Agreement shall be deleted in its entirety and replaced with the following: 

“Second Method and Market Quotation. If Second Method and Market Quotation apply, (1) Party B shall pay to
Party A an amount equal to the absolute value of the Settlement Amount in respect of the Terminated Transactions, (2) Party B shall pay to Party A the Termination Currency Equivalent of the Unpaid Amounts owing to Party A
and (3) Party A shall pay to Party B the Termination Currency Equivalent of the Unpaid Amounts owing to Party B; provided that, (i) the amounts payable under (2) and (3) shall be subject to netting in
accordance with Section 2(c) of this Agreement and (ii) notwithstanding any other provision of this Agreement, any amount payable by Party A under (3) shall not be netted-off against any amount payable by Party B under
(1).” 
 (m) “Termination Currency” means United States Dollars. 

(n) Additional Termination Event will apply. Each of the following events shall constitute an Additional Termination Event
hereunder: 
 (i) Amendment Without Consent. An amendment and/or supplement to any Transaction Document is
made without the prior written consent of Party A if such consent is required under one or more of the Transaction Documents and such amendment and/or supplement would materially and adversely affect Party A. For purposes of Section 6
of this Agreement, Party B shall be the sole Affected Party with respect to the foregoing Additional Termination Event. 

  

					
		  	6	  	ISDA®
1992

 (ii) Early Redemption. Any early redemption or in full prepayment of
the Notes, acceleration of the Notes and/or liquidation of Collateral in accordance with the Indenture following an Event of Default thereunder, or upon the redemption or in full prepayment of the Notes for any other reason. For purposes of
Section 6 of this Agreement, Party B shall be the sole Affected Party with respect to the foregoing Additional Termination Event, and the Early Termination Date shall occur not earlier than the third Local Business Day prior to the applicable
redemption or in full prepayment date. 
 (iii) [S&P Collateralization Event. Following an S&P
Collateralization Event, the Relevant Entity shall fail to take action that satisfies Part 5(l)(A) hereof (provided that the occurrence of any such Additional Termination Event shall have no effect on Party A’s duty to perform its obligations
hereunder prior to actual termination of this Agreement), in which event Party A shall be the sole Affected Party.] 
 (iv) [S&P Substitution Event. Following an S&P Substitution Event, the Relevant Entity shall fail to take action that satisfies Part 5(l)(B) hereof within the time period specified in Part
5(l)(B) (provided that the occurrence of any such Additional Termination Event shall have no effect on Party A’s duty to perform its obligations hereunder prior to actual termination of this Agreement), in which event Party A shall be the sole
Affected Party.] 
 (v) Credit Support Annex Obligation. Party A fails to comply with or perform any
obligation to be complied with or performed by Party A in accordance with the Credit Support Annex [and either (x) the Moody’s Second Trigger Event has not occurred or (y) the Moody’s Second Trigger Event has occurred but has
been continuing for less than 30 Local Business Days.] For purposes of Section 6 of this Agreement, Party A shall be the sole Affected Party. 
 (vi) [Moody’s Second Trigger Event. A Moody’s Second Trigger Event has occurred and has been continuing for at least 30 Local Business Days, and (i) at least one Eligible Replacement
has made a Firm Offer to be the Transferee under Part 5(k)(ii) below (but only if such Firm Offer then remains capable of becoming legally binding upon acceptance) and/or (ii) at least one Eligible Replacement has made a Firm Offer that would,
assuming the occurrence of an Early Termination Date, qualify as a Market Quotation (on the basis that paragraphs (i) and (ii) in Part 1(l) above apply) and that remains capable of becoming legally binding upon acceptance. For purposes of
Section 6 of this Agreement, Party A shall be the sole Affected Party.] 
 (o) Party A shall be responsible for any
costs reasonably incurred by Party B in connection with any assignment of this Agreement made by Party A by reason of [any S&P Collateralization Event, S&P Substitution Event, Moody’s First Trigger Event or Moody’s Second
Trigger Event having occurred]. 
 Part 2. Tax Representations. 
 (a) Payer Tax Representations. For the purpose of Section 3(e) of this Agreement, Party A and Party B make the following representation: 

It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant
Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii), or 6(e) of this Agreement) to be made by it to the other party under this Agreement. In making
this representation, it may rely on (i) the accuracy of any representations made by the other party pursuant to Section 3(f) of this Agreement, (ii) the satisfaction of the agreement contained in Section 4(a)(i) or 4(a)(iii) of
this Agreement, and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement, and (iii) the 

  

					
		  	7	  	ISDA®
1992

 
satisfaction of the agreement of the other party contained in Section 4(d) of this Agreement; provided that it shall not be a breach of this representation where reliance is placed on
clause (ii) and the other party does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position. 
 (b) Payee Tax Representations. For the purposes of Section 3(f) of this Agreement, Party A and Party B make the following representations: 

(A) The following representation applies to Party A: Party A is a
[            ] organized under the laws of [            ]and its United States federal taxpayer identification number is
[            ]. 
 (B) The following representation
applies to Party B: Party B is a disregarded entity the beneficial owner of which is a “U.S. person” (within the meaning of Section 1.1441-4(a)(3(ii) of the United States Treasury regulations) or a partnership that is a
“U.S. person” (within the meaning of Section 1.1441-4(a)(3)(ii) of United States Treasury regulations) for United States federal income tax purposes and its United States federal taxpayer identification number is
[            ]. 
 Part 3. Agreement to Deliver Documents. 

For the purpose of Section 4(a)(i) and (ii) of this Agreement, each Party agrees to deliver the following documents as
applicable: 
 (a) Tax forms, documents or certificates to be delivered are: 

Party B agrees to complete, execute, and deliver to Party A a complete, valid and accurate United States Internal Revenue
Service Form W-9 , or any successor to such form, and any required attachments thereto (i) upon execution and delivery of this Agreement, (ii) promptly upon reasonable demand by Party A, and (iii) promptly upon learning that
any such form(s) previously provided by Party B has become obsolete or is incorrect. 
 (b) Other documents to be delivered
are: 
  

							
	 Party required
to deliver
document
	  	 Form/Document/Certificate
	  	 Date by which
to be delivered
	  	 Covered
by
Section 3(d)
Representation

	Party A/Party B	  	Credit Support Document, if any, specified in Part 4 hereof, such Credit Support Document being duly executed if required.	  	Upon execution and delivery of this Agreement.	  	Yes
				
	Party A	  	Incumbency certificate or other documents evidencing the authority of the persons executing this Agreement and the related Confirmations on Party A’s behalf.	  	Upon execution and delivery of this Agreement.	  	Yes
				
	Party B	  	Indenture Trustee’s Certificate provided by the Indenture Trustee setting forth the information specified in Section 7.4 of the Indenture, an electronic copy of such
report to be made available by the Indenture Trustee on its website, [    ].	  	On each Payment Date (as defined in the Indenture).	  	Yes

  

					
		  	8	  	ISDA®
1992

							
	 Party required
to deliver
document
	  	 Form/Document/Certificate
	  	 Date by which
to be delivered
	  	 Covered
by
Section 3(d)
Representation

				
	Party B	  	Each of (i) a copy of the Indenture and the other Transaction Documents, executed and delivered by the parties thereto and (ii) an incumbency certificate or other
documents evidencing the authority of the persons executing this Agreement and the related Confirmations on Party B’s behalf.	  	Upon execution and delivery of this Agreement.	  	Yes
				
	Party A/Party B	  	(i) In the case of Party A, an opinion of counsel to Party A (which may include in-house counsel), in form and substance reasonably satisfactory to Party B, and
(ii) in the case of Party B, an opinion of counsel to Party B, in form and substance reasonably satisfactory to Party A.	  	Upon execution and delivery of this Agreement.	  	No
				
	Party A/Party B	  	Certified copies of all corporate, partnership or membership authorizations, as the case may be, and any other documents with respect to the execution, delivery and performance of
this Agreement and any Credit Support Document.	  	Upon execution and delivery of this Agreement.	  	Yes
				
	Party A	  	Call Report of Party A.	  	[To be made available on http://www2.fdic.gov/Call_TFR_Rpts after the end of each fiscal quarter of Party A.]	  	Yes

 Part 4. Miscellaneous. 
 (a) Addresses for Notices: For the purpose of Section 12(a) of this Agreement: Address for notices or communications to Party A: 

Address for notice or communications to Party A: 

  

					
		  	9	  	ISDA®
1992

  

			
	 [            ]
	    	
	 [Address]
	    	
	 Attention:
	    	[            ]
	 Telephone No.:
	    	[            ]
	 Facsimile No.:
	    	[            ]

 with a copy to: 
  

			
	 [            ]
	    	
	 [Address]
	    	
	 Attention:
	    	 [            ]
	 Facsimile No.:
	    	 [            ]

 Address for financial statements to Party A: 

 

			
	 [            ]
	    	
	 [Address]
	    	
	 Attention:
	    	        [            ]

 Address for notices or communications to Party B (for all purposes): 

 

			
	 [Address]
	    	
	 Attention:
	    	[            ]
	 Facsimile No.:
	    	[            ]
	 Telephone No.:
	    	[            ]

 with a copy to Standard & Poor’s: 

Standard & Poor’s, A Division of The McGraw-Hill Companies, Inc. 

55 Water Street, 41st Floor 
 New York, New York 10041 
 Facsimile No.: (212) 438-2655 

Attention: Asset-Backed Surveillance Group 
 (b) Process Agent. For the purpose of Section 13(c): 
 Party A
appoints as its Process Agent: Not Applicable. 
 Party B appoints as its Process Agent:
[            ], [Address]. 
 (c) Offices. The provisions of
Section 10(a) will apply to this Agreement. 
 (d) Multibranch Party. For the purpose of Section 10(c) of this
Agreement: 
 (i) Party A is a Multibranch Party and may act through its Charlotte, North Carolina, Chicago,
Illinois, San Francisco, California, New York, New York, Boston, Massachusetts or London, England Office, or such other Office as may be agreed to by the parties in connection with a Transaction. 

(ii) Party B is not a Multibranch Party. 
 (e) Calculation Agent. The Calculation Agent is Party A. 

  

					
		  	10	  	ISDA®
1992

 (f) Credit Support Document. Details of any Credit Support Document: 

Each of the following, as amended, extended, supplemented or otherwise modified in writing from time to time, is a “Credit Support
Document”: 
 Party A: (i) The Credit Support Annex and (ii) any guarantee (including any Eligible Guarantee)
of Party A’s obligations hereunder procured by Party A in compliance with this Agreement. 
 Party B: The Credit
Support Annex. 
 Party B acknowledges and agrees that its obligations to Party A under this Agreement constitute secured
obligations as part of a Grant of the Collateral under the Indenture. 
 (g) Credit Support Provider. 

Credit Support Provider means in relation to Party A, the guarantor under any guarantee (including any Eligible Guarantee) of Party
A’s obligations hereunder procured by Party A in compliance with this Agreement. 
 Credit Support Provider means in
relation to Party B, Not Applicable. 
 (h) Governing Law. This Agreement and any and all controversies arising out
of or in relation to this Agreement will be governed by and construed in accordance with the laws of the State of New York (without reference to its conflict of laws doctrine other than Section 5-1401 (“Choice of law”) of the New York
General Obligations Law). 
 (i) Netting of Payments. Subject to any particular Confirmation executed in connection
with this Agreement, Section 2(c)(ii) of this Agreement will apply to all Transactions under the Agreement from the date hereof. 
 (j) “Affiliate” will have the meaning specified in Section 14 of this Agreement. 
 Part 5. Other Provisions. 
 (a) Representations.
Section 3(a)(iii) is hereby amended by inserting the words “or investment policies, or guidelines, procedures, or restrictions, as applicable,” immediately following the word “documents,”. 

(b) Financial Statements. Section 3(d) is hereby amended by adding in the third line thereof after the word
“respect” and before the period: 
 “or, in the case of financial statements, a fair presentation of the financial
condition of the relevant party”. 
 (c) Additional Representations. Section 3 is hereby amended by adding the
following additional subsections: 
 “(g) Eligible Contract Participant. (a) It is an “eligible
contract participant” as defined in Section 1a(12) of the Commodity Exchange Act, as amended (the “CEA”), (b) this Agreement and each Transaction is subject to individual negotiation by each party and (c) neither
this Agreement nor any Transaction will be executed or traded on a “trading facility” within the meaning of Section 1a(33) of the CEA. 

  

					
		  	11	  	ISDA®
1992

 (h) Line of Business. It has entered into this Agreement (including each
Transaction evidenced hereby) in conjunction with its line of business (including financial intermediation services) or the financing of its business. 
 (i) No Agency. It is entering into this Agreement, any Credit Support Document to which it is a party, each Transaction and any other documentation relating to this Agreement or any
Transaction as principal (and not as agent or in any other capacity, fiduciary or otherwise).” 
 In addition, the parties
each represent that: 
 No Reliance. Each party represents to the other party (which representation will be deemed to be
repeated by each party on each date on which a Transaction is entered into or amended, extended or otherwise modified) that: (1) it is acting for its own account and has made its own independent decisions to enter into this Agreement and any
Transaction hereunder and as to whether this Agreement and any Transaction hereunder is appropriate or proper for it based on its own judgment and upon advice from such advisors as it has deemed necessary; (2) it is not relying on any
communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Agreement or any Transaction hereunder, it being understood that information and explanations related to the terms and conditions of
this Agreement and any Transaction hereunder shall not be considered investment advice or a recommendation to enter into this Agreement or any Transaction hereunder; (3) no communication (written or oral) received from the other party shall be
deemed to be an assurance or guarantee as to the expected results of any Transaction hereunder; and (4) it is capable of evaluating and understanding (on its own behalf or through independent professional advice), and understands and accepts,
the terms, conditions and risks of that Transaction; and (5) it is capable of assuming, and assumes, the financial and other risks of that Transaction. 
 In addition, Party B represents that (which representations will be deemed to be repeated at all times until the termination of this Agreement): 

(A) The purchase, holding and transfer of an Investment Grade Note (or interest therein) will, throughout the term of this Agreement, be
prohibited to any person who cannot make the following deemed representation: Either (i) such person is not (and will not be), and such person is not (and will not be) purchasing or holding such Note or any interest therein on behalf of, or
with the assets of, any “employee benefit plan” (as defined in section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)) subject to Title I of ERISA, any “plan” (as defined in section
4975(e)(1) of the Internal Revenue Code of 1986, as amended (the “Code”)), which is subject to section 4975 of the Code, any entity whose underlying assets include “plan assets” by reason of such employee benefit plan’s or
plan’s investment in the entity (each of the foregoing a “Benefit Plan”), or any governmental, non-U.S. or church plan that is subject to any federal, state or local law substantially similar to Title I of ERISA or Section 4975
of the Code (“Similar Law”) or (ii) such person’s purchase, holding and disposition of such Note or interest therein will not result in a nonexempt prohibited transaction under section 406 of ERISA or section 4975 of the Code or
a nonexempt violation of any substantially similar applicable law. 

  

					
		  	12	  	ISDA®
1992

 (B) The purchase, holding and transfer of a Non-Investment Grade Note (or interest therein)
will, throughout the term of this Agreement, be prohibited to any person who cannot make the following deemed representation: (i) such person is not (and will not be) and is not (and will not be) acquiring or holding such Note (or any interest
therein) on behalf of or with the assets of any Benefit plan and (ii) either (a) such person is not (and will not be) acquiring or holding such Note (or any interest therein) on behalf of or with the assets of a governmental plan, non-U.S.
plan, or church plan that are subject to any Similar Law or (b) the acquisition, holding and disposition of such Note or any interest therein will not give rise to a non-exempt violation of any Similar Law. 

(d) Method of Notice. Section 12(a)(ii) of this Agreement is deleted in its entirety. 

(e) Set-off. 
 (i) All payments under this Agreement shall be made without set-off or counterclaim, except as expressly provided for in Section 2(c), Section 6 (subject to Part 5(e)(ii) below) or
Paragraph 8 of the Credit Support Annex. 
 (ii) Section 6(e) shall be amended by the deletion of the
following sentence: “The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.” 
 (f) Consent to Recording. The parties agree that each party may electronically record all telephonic conversations between marketing and trading personnel in connection with this Agreement. Each
party agrees to obtain any necessary consent of, and give any necessary notice of such recording, to, its relevant personnel. 

(g) Waiver of Jury Trial. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY CREDIT SUPPORT DOCUMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 

(h) Additional Acknowledgments and Agreements of the Parties. 

(i) No Amendment without Prior Confirmation by Rating Agencies. Section 9(b) of this Agreement is hereby
amended by adding the following immediately before the period at the end thereof: “, and unless each Rating Agency confirms in writing that such amendment will not cause the reduction, suspension or withdrawal of the then-current rating of any
of the Notes, unless such amendment clarifies any term or provision, corrects any inconsistency, cures any ambiguity, or corrects any typographical error in this Agreement (in which case written copies of such proposed amendment will be provided to
the Rating Agencies prior to the effectiveness of such amendment)”. 
 (ii) Consent by Party A to
Amendments to Certain Documents. Before any amendment or supplement is made to the Indenture and/or any other Transaction Document that would materially and adversely affect any of Party A’s rights or obligations under this Agreement,
the Indenture or such Transaction Document, or materially and adversely impair the ability of Party B to fully perform any of Party B’s obligations under this Agreement, the Indenture or such Transaction Document, Party B shall
(x) provide Party A with a copy of the proposed amendment or supplement and shall obtain the written consent of Party A (which consent shall not be unreasonably withheld) to such amendment or supplement prior to its adoption,
(y) obtain Rating Agency Confirmation (if otherwise required under the Indenture or other applicable Transaction Document), and (z) if applicable, provide to Party A a copy of each

  

					
		  	13	  	ISDA®
1992

 
such Rating Agency Confirmation promptly after receipt thereof from the relevant Rating Agency. For the avoidance of doubt, any Transaction Document may be amended, supplemented or otherwise
modified in accordance with the terms thereof without the consent of Party A to cure any typographical error or ambiguity, provided that such actions shall not adversely affect in any respects the interests of Party A. 

(i) Notices to Noteholders. Party B shall provide Party A with copies of all notices and reports given to the holders of
the Notes, and upon request, shall provide Party A with any other notices or reports which could be requested by the holders of any Notes. 
 (j) Incorporation by Reference of Terms of Indenture. The covenants, terms and provisions of the Indenture, including all representations and warranties of Party B contained in the Indenture,
as in effect as of the date of this Agreement, are hereby incorporated by reference in, and made part of, this Agreement to the same extent as if such covenants, terms, and provisions were set forth in full herein. Party A hereby consents to
the provisions of the Indenture applicable to it as if Party A were a party thereto, and Party B hereby agrees that Party A shall be entitled to the benefits of the Indenture to the extent set forth therein as if Party A were a
party thereto. 
 (k) Transfers. 
 (i) Except as provided in Section 6(b)(ii) and Part 5(k)(ii) below, and except for transfers authorized by Section 7(b), Party A may not transfer (whether by way of security or otherwise)
any interest or obligation in or under this Agreement without the prior written consent of Party B. Party A shall provide prior written notice to each Rating Agency of any transfer made by it pursuant to Section 6(b)(ii) or
Section 7(b). 
 (ii) Subject to giving prior written notification to Party B [and Moody’s and
receipt of Rating Agency Confirmation from S&P], Party A may (at its own expense) transfer its rights and obligations with respect to this Agreement to any other entity (a “Transferee”) that is an Eligible Replacement,
provided that (A) the Transferee contracts with Party B on terms that (I) are identical to the terms of this Agreement in respect of any obligation (whether absolute or contingent) to make payment or delivery after the
effective date of such transfer; and (II) insofar as they do not relate to payment or delivery obligations, are, in all material respects, no less beneficial for Party B than the terms of this Agreement immediately before such transfer and
(B) [unless such transfer is effected at a time when an S&P Collateralization Event, an S&P Substitution Event or a Moody’s First Trigger Event has occurred and is continuing, Party B has determined that the condition in
sub-paragraph (A)(II) above is satisfied]. 
 (iii) In making any determination for the purpose of
sub-paragraph (ii)(B) above, Party B shall act in a commercially reasonable manner. 
 (iv) If an
entity has made a Firm Offer (which remains capable of becoming legally binding upon acceptance) to be the transferee of a transfer to be made in accordance with clause (ii) above, Party B shall (at Party A’s expense) at
Party A’s written request, take any reasonable steps required to be taken by it to effect such transfer. 
 (v) Following a transfer in accordance with Part 5(k)(ii), all references to Party A shall be deemed to be references to the Transferee. 

  

					
		  	14	  	ISDA®
1992

 (l) Downgrades of Party A. 

(A) [S&P Collateralization Events. If an S&P Collateralization Event occurs with respect to each Relevant Entity,
Party A shall at its sole expense post Eligible Collateral for the benefit of Party B in the amount, at the times and on the terms then applicable under the Credit Support Annex. At any time following an S&P Collateralization Event, if
Party A elects, Party A may assign its rights and obligations under all Transactions to an Eligible Replacement in accordance with Part 5(k)(ii) above; provided that (A) no termination payments or other settlement amounts are
payable by Party B to either Party A or the Transferee at the time of or as a result of such assignment by Party A and (B) any termination payments or other settlement amounts are to be settled directly between Party A and
the Transferee. Alternatively, Party A may elect to obtain for the benefit of Party B an Eligible Guarantee of all of Party A’s obligations under this Agreement; provided that the guarantor must satisfy the Hedge
Counterparty Ratings Requirement. Upon the successful consummation of any assignment to a Transferee or the delivery of an Eligible Guarantee as contemplated in this Part 5(l)(A), any obligation of Party A to post and maintain collateral
under the Credit Support Annex in respect of such S&P Collateralization Event shall terminate and (except to the extent that Party A then remains obligated to post collateral under the Credit Support Annex other than in respect of such
S&P Collateralization Event) Party B shall release its security interest in, and return to Party A, any then-posted collateral (it being understood that until such time, if any, as Party A completes the assignment of its rights
and obligations hereunder to an Eligible Replacement or procures an Eligible Guarantee of such obligations, Party A shall remain obligated to post Eligible Collateral in respect of such S&P Collateralization Event to the extent, at the
times and on the terms required by the Credit Support Annex).] 
 (B) [S&P Substitution Events. If an S&P
Substitution Event occurs with respect to each Relevant Entity, Party A shall at its sole expense (a) not later than the tenth Local Business Day after the occurrence of such S&P Substitution Event, post Eligible Collateral for the
benefit of Party B in the amount and on the terms then applicable under the Credit Support Annex, and (b) use commercially reasonable efforts to, within 60 calendar days of the occurrence of such S&P Substitution Event, either
(1) assign its rights and obligations under all Transactions to an Eligible Replacement in accordance with Part 5(k)(ii) above, provided that (A) no termination payments or other settlement amounts are payable by Party B to
either Party A or the Transferee at the time of or as a result of such assignment by Party A and (B) any termination payments or other settlement amounts are to be settled directly between Party A and the Transferee; or
(2) procure an Eligible Guarantee of Party A’s obligations hereunder by a guarantor that satisfies the Hedge Counterparty Ratings Requirement. Upon the successful consummation of any assignment to a Transferee or the delivery of any
Eligible Guarantee as contemplated in this Part 5(l)(B), any obligation of Party A to post and maintain collateral under the Credit Support Annex in respect of such S&P Substitution Event shall terminate and (except to the extent that
Party A then remains obligated to post collateral under the Credit Support Annex other than in respect of such S&P Substitution Event) Party B shall release its security interest in, and return to Party A, any then-posted
collateral.] 
 (C) [Moody’s Second Trigger Events. If a Moody’s Second Trigger Event has occurred and is
continuing, Party A shall at its own cost use commercially reasonable efforts to, as soon as reasonably practicable, either (x) procure an Eligible Guarantee in respect of all of Party A’s present and future obligations under
this Agreement from a guarantor that has the Moody’s Required Hedge Ratings, or (y) effect a transfer of its rights and obligations under this Agreement to an Eligible Replacement in accordance with Part 5(k)(ii) above.] 

  

					
		  	15	  	ISDA®
1992

 (m) USA PATRIOT Act Notice. Party A hereby notifies Party B that pursuant
to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (as amended, the “Act”), it is required to obtain, verify and record information that identifies Party B, which
information includes the name and address of Party B and other information that will allow Party A to identify Party B in accordance with the Act. 
 (n) Non-Petition. Party A agrees that it will not, prior to at least one year and one day (or if longer, the applicable preference period then in effect plus one day) following the payment in
full of all the Notes issued pursuant to the Indenture and the expiration of all applicable preference periods under the laws of the United States relating to any such payment, acquiesce, petition or otherwise invoke or cause Party B to invoke
the process of any governmental authority for the purpose of commencing or sustaining a case (whether voluntary or involuntary) against Party B under any bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee,
trustee, custodian, sequestrator or other similar official of Party B or any substantial part of its property or ordering the winding-up or liquidation of the affairs of Party B; provided that this provision shall not restrict or
prohibit Party A from joining any other person, including, without limitation, the Indenture Trustee, or from asserting or exercising its rights, in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings
commenced by any Person, other than Party A or its affiliates, or other analogous proceedings already commenced under any applicable law. This Part 5(n) shall survive any termination of this Agreement. 

(o) Limited Recourse. Notwithstanding anything to the contrary contained herein, the obligations of Party B under this
Agreement are limited recourse obligations of Party B, payable solely from the Collateral (as such term is defined in the Indenture), subject to and in accordance with the terms of the Indenture, and, following realization of the Collateral,
any claims of Party A against Party B shall be extinguished and shall not thereafter revive. None of the directors, shareholders, officers or administrators of Party B shall be liable for any amount due from Party B under this
Agreement. It is understood that the foregoing provisions shall not (i) prevent recourse to the Collateral for the sums due or to become due to Party A under this Agreement (subject to the priority of payments set forth in the Indenture)
or (ii) constitute a waiver, release or discharge of any obligation of Party B arising under this Agreement until the Collateral has been realized and the proceeds applied in accordance with the Indenture, whereupon any outstanding
obligation of Party B under this Agreement shall be extinguished and shall not thereafter revive. Notwithstanding the foregoing (or anything to the contrary in this Agreement), Party B shall be liable for its own fraud, willful misconduct
and bad faith. This Part 5(o) shall survive any termination of this Agreement. 
 (p) Jurisdiction. Section 13(b) of
this Agreement is hereby amended by: (i) deleting the word “non-” in the second line of subparagraph (i) thereof; and (ii) adding the words “except as necessary to pursue enforcement of the judgment of any such court in
other jurisdictions” to the last line of subparagraph (i) thereof immediately prior to “; and”. 
 (q)
Delivery of Confirmations. For each Transaction entered into hereunder, Party A shall promptly send to Party B a Confirmation (which may be via facsimile transmission). Party B agrees to respond to such Confirmation
within two Local Business Days, either confirming agreement thereto or requesting a correction of any error(s) contained therein. Failure by Party A to send a Confirmation or of Party B to respond within such period shall not affect the
validity or enforceability of such Transaction. Absent manifest error, there shall be a presumption that the terms contained in such Confirmation are the terms of the Transaction. 

  

					
		  	16	  	ISDA®
1992

 (r) Certain Definitions. 

“Eligible Guarantee” means an unconditional and irrevocable guarantee that is satisfactory to [S&P (as evidenced by
receipt of Rating Agency Confirmation from S&P)] and is provided by a guarantor as principal debtor rather than surety and is directly enforceable by Party B, where either (A) a law firm has given a legal opinion confirming that none
of the guarantor’s payments to Party B under such guarantee will be subject to withholding for Tax and such opinion has been disclosed to [Moody’s], (B) such guarantee provides that, in the event that any of such guarantor’s
payments to Party B are subject to withholding for Tax, such guarantor is required to pay such additional amount as is necessary to ensure that the net amount actually received by Party B (free and clear of any withholding tax) will equal
the full amount Party B would have received had no such withholding been required, or (C) in the event that any payment under such guarantee is made net of deduction or withholding for Tax, Party A is required, under
Section 2(a)(i), to make such additional payment as is necessary to ensure that the net amount actually received by Party B from the guarantor will equal the full amount Party B would have received had no such deduction or withholding
been required. 
 “Eligible Replacement” means an entity that could lawfully perform the obligations owing to
Party B under this Agreement (i) that (A) has the [Moody’s Required Hedge Ratings] and (B) satisfies the Hedge Counterparty Ratings Requirement, or (ii) whose present and future obligations owing to Party B are
guaranteed pursuant to an Eligible Guarantee provided by a guarantor that (A) has the [Moody’s Required Hedge Ratings] and (B) satisfies the Hedge Counterparty Ratings Requirement. 

“Financial Institution” means any bank, broker-dealer, insurance company, derivative products company or structured
investment vehicle; provided that if any transferee of Party A’s obligations hereunder is an unrated subsidiary of a rated bank, broker-dealer or insurance company[, which subsidiary is deemed by S&P (as evidenced by receipt of
Rating Agency Confirmation from S&P) to be core or strategically important to the business of such rated bank, broker-dealer or insurance company, then, notwithstanding any provision of this Agreement to the contrary, the group parent of such
transferee shall be deemed to be a “Relevant Entity” for purposes of the definitions of “Hedge Counterparty Ratings Requirement”, “S&P Collateralization Event” and “S&P Substitution Event”.]

 “Firm Offer” means an offer which, when made, was capable of becoming legally binding upon acceptance.

 “Hedge Counterparty Ratings Requirement” is satisfied by a Relevant Entity (i) if such entity is not a
Financial Institution, it has a short-term rating from [S&P of at least “A-1” or, if such entity does not have a short-term rating from S&P, a long-term rating from S&P of at least “A+”] or (ii) if such entity is
a Financial Institution, it has a short-term rating from [S&P of at least “A-2” (or, if such entity does not have a short-term rating from S&P, a long-term rating from S&P of at least “BBB+”) (it being understood that
any Relevant Entity that is a Financial Institution, and whose short-term rating from S&P is “A-2” or, if it does not have a short-term rating from S&P, whose long-term rating from S&P is “BBB+”, “A-” or
“A”, shall be deemed to be subject to an S&P Collateralization Event)]. 

  

					
		  	17	  	ISDA®
1992

 [”Moody’s First Trigger Event” means, at any time when Notes are
outstanding and rated by Moody’s but a Moody’s Second Trigger Event has not occurred, that no Relevant Entity satisfies the Moody’s First Trigger Required Ratings.] 

[”Moody’s First Trigger Required Ratings” are satisfied by an entity (x) where such entity is the subject of a
Moody’s Short-Term Rating, if such rating is “Prime-1” and its long-term, unsecured and unsubordinated debt obligations are rated “A2” or above by Moody’s, and (y) where such entity is not the subject of a
Moody’s Short-Term Rating, if its long-term, unsecured and unsubordinated debt obligations are rated “A1” or above by Moody’s.] 
 [”Moody’s Required Hedge Ratings” means the Moody’s First Trigger Required Ratings or the Moody’s Second Trigger Required Ratings.] 

[”Moody’s Second Trigger Event” means, at any time when Notes are outstanding and rated by Moody’s, that no
Relevant Entity satisfies the Moody’s Second Trigger Required Ratings.] 
 [”Moody’s Second Trigger Required
Ratings” are satisfied by the entity (x) where such entity is the subject of a Moody’s Short-Term Rating, if such rating is “Prime-2” or above and its long-term, unsecured and unsubordinated debt obligations are rated
“A3” or above by Moody’s, and (y) where such entity is not the subject of a Moody’s Short-Term Rating, if its long-term, unsecured and unsubordinated debt obligations are rated “A3” or above by Moody’s.]

 [”Moody’s Short-Term Rating” means a rating assigned by Moody’s under its short-term rating scale
in respect of an entity’s short-term, unsecured and unsubordinated debt obligations.] 
 “Rating Agency
Confirmation” means with respect to any specified action or determination, receipt by Party B of written confirmation from each Rating Agency, for so long as any Notes are outstanding and rated by either Rating Agency, that such
specified action or determination will not cause such Rating Agency to reduce or withdraw its rating of any such Notes. 

“Relevant Entity” or “Relevant Entities” means, at any time, Party A and (if applicable) any guarantor
under an Eligible Guarantee in respect of all of Party A’s then-existing and future obligations under this Agreement. 

[An “S&P Collateralization Event” is deemed to occur with respect to a Relevant Entity if (i) no S&P
Substitution Event has occurred with respect to each Relevant Entity, (ii) such Relevant Entity is a Financial Institution, (iii) any of the Notes are Outstanding and rated by S&P, and (iv) the short-term rating of such Relevant
Entity from S&P is below “A-1” or, if such Relevant Entity does not have a short-term rating from S&P, the long-term rating of such Relevant Entity from S&P is below “A+”.] 

[An “S&P Substitution Event” is deemed to occur if, at any time in respect of a Relevant Entity when any of the Notes
are Outstanding and rated by S&P, the short-term rating of such Relevant Entity from S&P is withdrawn, suspended or downgraded below “A-1” (if such Relevant Entity is not a Financial Institution) or below “A-2” (if such
Relevant Entity is a Financial Institution) or, if no such short-term rating exists, if the 

  

					
		  	18	  	ISDA®
1992

 
long-term rating of such Relevant Entity from S&P is withdrawn, suspended or downgraded below “A+” (if such Relevant Entity is not a Financial Institution) or below “BBB+”
(if such Relevant Entity is a Financial Institution).] 
 “Transaction Documents” shall have the meaning
assigned to such term in the Indenture, and shall in each case include the Indenture, the Notes, the Note Depository Agreement, the Sale Agreement, the Servicing Agreement, the Receivables Servicing Agreement, the Purchase Agreement[s], [the Interim
Purchase Agreement[s]], the Interest Rate Swap Agreement and the Trust Agreement, as each may be amended or modified from time to time, and any security agreement, account control agreement or other agreement assigning, granting or perfecting an
interest in Collateral for the benefit of Party A and/or the Indenture Trustee for the benefit of the Noteholders and Party A under the Indenture. 
 (s) Safe Harbors. Each party to this Agreement acknowledges that: 
  

	 	(i)	This Agreement, including any Credit Support Document, is a “master netting agreement” and a “swap agreement” as defined in the U.S. Bankruptcy
Code, as amended (the “Code”), a “netting contract” as defined in Section 402 of the Federal Deposit Insurance Corporation Improvement Act of 1991, as amended (“FDICIA”), and a “swap
agreement” as defined in Section 11(e)(8)(D) of the Federal Deposit Insurance Act, as amended (“FDIA”); 

  

	 	(ii)	Party A is a “master netting agreement participant,” a “financial institution,” a “financial participant” and a “swap
participant” as defined in the Code, and a “financial institution” as defined in Section 402 of FDICIA; 

  

	 	(iii)	The rights provided to Party A herein, and in any Credit Support Document, are rights protected by Section 560, Section 561, Sections 362(b)(17) and
(27), and Section 362(o) of the Code, Sections 403 through 405 of FDICIA and Section 11(e)(8)(A) of FDIA; 

  

	 	(iv)	All transfers of cash, securities or other property under or in connection with this Agreement, any Credit Support Document or any Transaction hereunder are transfers
protected by Sections 546(e), (f), (g) and (j) of the Code, Section 11(e)(8)(C) of FDIA, and Sections 403(f) and 404(h) of FDICIA; and 

  

	 	(v)	All obligations under or in connection with this Agreement, any Credit Support Document or any Transaction hereunder represent obligations in respect of
“termination values”, “payment amounts” or “transfer obligations” within the meaning of the Code and FDIA. 

 (t) Tax. Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, in relation to payments by Party A, any Tax shall be an
Indemnifiable Tax and, in relation to payments by Party B, no Tax shall be an Indemnifiable Tax. 
 (u) Rating Agency
Notifications. Notwithstanding any other provision of this Agreement, this Agreement shall not be amended, no Early Termination Date shall be effectively designated by Party B, and no transfer of any rights or obligations under this
Agreement shall be made, unless [Moody’s and S&P] have been given prior written notice of such amendment, designation or transfer. 

  

					
		  	19	  	ISDA®
1992

 (v) Severability. If any term, provision, covenant, or condition of this Agreement,
or the application thereof to any party or circumstance, shall be held to be invalid or unenforceable (in whole or in part) for any reason, the remaining terms, provisions, covenants, and conditions hereof shall continue in full force and effect as
if this Agreement had been executed with the invalid or unenforceable portion eliminated, so long as this Agreement as so modified continues to express, without material change, the original intentions of the parties as to the subject matter of this
Agreement and the deletion of such portion of this Agreement will not substantially impair the respective benefits or expectations of the parties to the Agreement; provided, however, that this severability provision shall not be
applicable if any provision of Section 2, 5, 6 or 13 (or any definition or provision in Section 14 to the extent it relates to, or is used in or in connection with, any such Section) shall be so held to be invalid or unenforceable.

 (w) Acknowledgement of Assignment. Party A hereby acknowledges and consents to Party B’s assignment to
the Indenture Trustee, for the benefit of the Indenture Trustee for the benefit of the Noteholders and Party A under the Indenture, of Party B’s rights hereunder, including the right to enforce Party A’s obligations hereunder.

 (x) Limitation of Liability for Owner Trustee. It is expressly understood and agreed by the parties hereto that
(a) this Agreement is executed and delivered by [            ], not individually or personally but solely as Owner Trustee of Bank of America Auto Trust
20[    ]-[    ], in the exercise of the powers and authority conferred and vested in it under the Trust Agreement, (b) each of the representations, undertakings and agreements herein made on the part of
the Trust is made and intended not as personal representations, undertakings and agreements by [            ] but is made and intended for the purpose of binding only the trust estate
pursuant to the Trust Agreement, (c) nothing herein contained shall be construed as creating any liability on [            ], individually or personally, to perform any covenant either
express or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and any Person claiming by, through or under the parties hereto, and (d) under no circumstances shall
[            ] be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or
covenant made or undertaken by the Trust under this Agreement or the other related documents. 
 [Signature Page Follows]

  

					
		  	20	  	ISDA®
1992

 IN WITNESS WHEREOF, the parties have executed this Schedule by their duly authorized
officers as of the date hereof. 
  

			
	[            ]	  	 BANK OF AMERICA AUTO TRUST 20[    ]-[    ]

By: [            ], not in its individual capacity but

            solely as Owner Trustee

 

	  
 Name:
	  	  
 Name:

	Title:	  	Title:

  

					
		  	 21
	  	ISDA®
1992Form of Administration Agreement

 Exhibit 10.5 

 
  

 
 ADMINISTRATION AGREEMENT

 among 
 BANK OF AMERICA AUTO TRUST 20[ ]-[ ], 
 as Issuer 

BANK OF AMERICA, NATIONAL ASSOCIATION, 
 as Administrator 
 and 

U.S. BANK NATIONAL ASSOCATION, 
 as Indenture Trustee 
 Dated as of
[            ] 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 1. Duties of the Administrator
	  	 	1	  
		
	 2. Records
	  	 	5	  
		
	 3. Compensation; Payment of Fees and Expenses; Indemnification
	  	 	5	  
		
	 4. Independence of the Administrator
	  	 	5	  
		
	 5. No Joint Venture
	  	 	5	  
		
	 6. Other Activities of the Administrator
	  	 	5	  
		
	 7. Representations and Warranties of the Administrator
	  	 	6	  
		
	 8. Administrator Replacement Events; Termination of the Administrator
	  	 	6	  
		
	 9. Action upon Termination or Removal
	  	 	8	  
		
	 10. Liens
	  	 	8	  
		
	 11. Notices
	  	 	8	  
		
	 12. [Compliance with the FDIC Rule
	  	 	8	  
		
	 13. Amendments
	  	 	9	  
		
	 14. Governing Law; Submission to Jurisdiction; Waiver of Jury Trial
	  	 	10	  
		
	 15. Headings
	  	 	11	  
		
	 16. Counterparts
	  	 	11	  
		
	 17. Severability of Provisions
	  	 	11	  
		
	 18. Not Applicable to BANA in Other Capacities; Merger of Administrator
	  	 	11	  
		
	 19. Benefits of the Administration Agreement
	  	 	12	  
		
	 20. Assignment
	  	 	12	  
		
	 21. Nonpetition Covenant
	  	 	12	  
		
	 22. Limitation of Liability
	  	 	12	  

  

					
		 	i	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 THIS ADMINISTRATION AGREEMENT (as amended, modified or supplemented from time to
time, this “Agreement”) dated as of [            ], is among BANK OF AMERICA AUTO TRUST 20[ ]-[ ], a Delaware statutory trust (the “Issuer”),
BANK OF AMERICA, NATIONAL ASSOCIATION, a national banking association, as administrator (“BANA” or in its capacity as administrator, the “Administrator”), and
[            ], a [            ], as indenture trustee (the “Indenture Trustee”). Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned such terms in Appendix A to the Sale Agreement dated as of [            ] (as amended, modified or
supplemented from time to time, the “Sale Agreement”) by and between Bank of America Auto Receivables Securitization, LLC, as seller, and the Issuer. 
 W I T N E S S E T H : 
 WHEREAS, the Issuer has issued the Notes pursuant to the
Indenture and the Certificate pursuant to the Trust Agreement and has entered into certain agreements in connection therewith, including, (i) the Sale Agreement, (ii) the Indenture, (iii) the Note Depository Agreement[, (iv) the
Interest Rate Swap Agreement] and (v) the Trust Agreement (the agreements referred to in clauses (i) through (v), together with any other Transaction Documents to which the Issuer is a party, are referred to herein
collectively as the “Issuer Documents”); 
 WHEREAS, to secure payment of the Notes [and payments owed by the
Issuer to the Swap Counterparty], the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the Indenture; 

WHEREAS, pursuant to the Issuer Documents, the Issuer and the Owner Trustee are required to perform certain duties; 

WHEREAS, the Issuer and the Owner Trustee desire to have the Administrator perform certain of the duties of the Issuer and the Owner
Trustee (in its capacity as owner trustee under the Trust Agreement), and to provide such additional services consistent with this Agreement and the Issuer Documents as the Issuer may from time to time request; 

WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for the
Issuer and the Owner Trustee on the terms set forth herein; 
 NOW, THEREFORE, in consideration of the mutual terms and
covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
 1. Duties of the Administrator. 
 (a) Duties with Respect
to the Issuer Documents. The Administrator shall perform all of its duties as Administrator specifically enumerated herein as Administrator under this Agreement and the Issuer Documents and the duties and obligations of the Issuer and the Owner
Trustee (in its capacity as owner trustee under the Trust Agreement) under the Issuer Documents and no additional duties shall be read to be included herein; provided, however, except as otherwise provided in the Issuer 

Administration Agreement 
 (BAAT 20[ ]-[ ]) 

 Documents, that the Administrator shall have no obligation to make any payment required to
be made by the Issuer under any Issuer Document; provided, further, however, that the Administrator shall have no obligation and the Owner Trustee shall be required to fully perform its duties, with respect to the obligations of
the Owner Trustee under Sections 11.9, 11.13, 11.14, 11.15 and 11.16 of the Trust Agreement and to otherwise comply with the requirements of the Owner Trustee pursuant to or related to Regulation AB . The
Administrator shall monitor the performance of the Issuer and the Owner Trustee and shall advise the Issuer and the Owner Trustee in writing when action is necessary to comply with the Issuer’s and the Owner Trustee’s duties and
obligations under the Issuer Documents. The Administrator shall perform such calculations, and shall prepare for execution by the Issuer or the Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports,
filings, instruments, certificates, notices and opinions as it shall be the duty of the Issuer or the Owner Trustee (in its capacity as owner trustee under the Trust Agreement) to prepare, file or deliver pursuant to the Issuer Documents. In
furtherance of the foregoing, the Administrator shall take all appropriate action that is the duty of the Issuer or the Owner Trustee (in its capacity as owner trustee under the Trust Agreement) to take pursuant to the Issuer Documents, including,
without limitation, such of the foregoing as are required with respect to the following matters under the Indenture, the First Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement, the Sale Agreement, the Trust Agreement
and the Servicing Agreement: 
 (i) (x) the appointment of a successor Note Registrar and (y) giving
the Indenture Trustee notice of any appointment of a new Note Registrar and the location, or change in location, of the Note Registrar (Section 2.4 of the Indenture); 

(ii) the delivery for cancellation of any Note delivered to the Issuer for cancellation, and the direction to destroy or
return such Note (Section 2.8 of the Indenture); 
 (iii) the preparation of Definitive Notes in
accordance with the instructions of the Clearing Agency (Section 2.12 of the Indenture); 
 (iv) the
preparation of an Issuer Order directing the Paying Agent to deposit with the Indenture Trustee all sums held in trust by such Paying Agent (Sections 3.3 and 4.3 of the Indenture); 

(v) upon actual knowledge, the preparation of an Issuer Request directing the Indenture Trustee to provide notification of
any unclaimed monies and repayments with respect to the Notes (Section 3.3 of the Indenture); 
 (vi) upon
its actual knowledge, the delivery of written notice to the Indenture Trustee of each Event of Default under the Indenture (Section 3.12 of the Indenture), and each Servicer Termination Event under the Servicing Agreement (Section 6.1
of the Servicing Agreement); 

  

					
		 	2	 	 Administration Agreement
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 (vii) upon its actual knowledge of such, the delivery to the Indenture
Trustee of written notice in the form of an Officer’s Certificate of any event that with the giving of notice and the lapse of time would become an Event of Default under clause (c) or (d) of Section 5.1 of
the Indenture (Section 3.12 of the Indenture); 
 (viii) the preparation and delivery of notice to
Noteholders of the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee (Section 6.8 of the Indenture); 
 (ix) upon request, the notification to the Indenture Trustee if and when the Notes are listed on any stock exchange (Section 7.3 of the Indenture); 

(x) the delivery of new Notes conforming to any supplemental indenture (Section 9.6 of the Indenture); 

(xi) the duty to cause the Issuer to provide notice of redemption of the Trust Estate pursuant to Section 10.1
of the Indenture to the Certificateholders (Section 10.1 of the Indenture); 
 (xii) the duty to cause the
Indenture Trustee to provide notification to Noteholders of redemption of the Notes (Section 10.2 of the Indenture); 
 (xiii) notification to the Certificateholders of the substance of any amendment to the Sale Agreement, the Servicing Agreement or the Indenture (Section 4.6 of the Sale Agreement,
Section 7.1 of the Servicing Agreement and Section 9.1 of the Indenture); 
 (xiv) the
preparation and delivery of notice to the Certificateholders of any termination of, or appointment of a successor to, the Servicer (Section 6.3 of the Servicing Agreement); and 

(xv) the duty to cause the Issuer to request such information as is necessary to determine the obligations of any party
under the Trust Agreement pursuant to the FATCA provisions (Section 3.5(e) of the Trust Agreement). 
 (b)
Notices to Rating Agencies. The Administrator shall give notice to each Rating Agency of (i) any merger or consolidation of the Owner Trustee pursuant to Section 10.4 of the Trust Agreement; (ii) any Default, Event of
Default or Servicer Termination Event of which it has been provided notice pursuant to Section 6.5 of the Indenture; (iii) any amendment to the Trust Agreement pursuant to Section 11.1 of the Trust Agreement; and
(iv) any written notice of repudiation by the FDIC pursuant to Section 12.6(a) of the Indenture; which notice shall be given, in the case of each of (i) through (iv), promptly upon the Administrator being notified
thereof by the Depositor, the Owner Trustee, the Indenture Trustee or the Servicer, as applicable. 

  

					
		 	3	 	 Administration Agreement
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 (c) Notices to Rating Agencies, on behalf of the Issuer. The
Administrator, on behalf of the Issuer, shall give notice to each Rating Agency of (i) any amendment to the First Purchase Agreement pursuant to Section 4.6 of the First Purchase Agreement; (ii) any amendment to the Second
Purchase Agreement pursuant to Section 4.6 of the Second Purchase Agreement; (iii) any amendment to the Third Purchase Agreement pursuant to Section 4.6 of the Third Purchase Agreement; (iv) any amendment to the
Sale Agreement pursuant to Section 4.6 of the Sale Agreement; (v) any material breach of the perfection representations, warranties and covenants contained in Schedule II of each of the First Purchase Agreement, the Second
Purchase Agreement and the Third Purchase Agreement, Schedule III of the Sale Agreement and Schedule I of the Indenture; (vi) the termination of, and/or appointment of a successor to, the Servicer pursuant to Sections 6.1,
6.2 and 6.3 of the Servicing Agreement; (vii) any waiver of a Servicer Termination Event pursuant to Section 6.4 of the Servicing Agreement; (viii) any amendment to the Servicing Agreement pursuant to
Section 7.1 of the Servicing Agreement; (ix) any resignation or removal of the Owner Trustee pursuant to Sections 10.2 and 10.3 of the Trust Agreement; (x) any Officer’s Certificate delivered pursuant to
Section 3.12 of the Indenture with respect to any Event of Default under the Indenture; (xi) any officer’s certificate of the Issuer delivered pursuant to Section 3.9 of the Indenture; (xii) any resignation or
removal of the Indenture Trustee pursuant to Section 6.8 of the Indenture; (xiii) any merger or consolidation of the Indenture Trustee pursuant to Section 6.9 of the Indenture; (xiv) any Indenture Trustee’s
Certificate, delivered pursuant to Section 7.4 of the Indenture; (xv) any supplemental indenture pursuant to Sections 9.1 or 9.2 of the Indenture; (xvi) redemption of the Notes pursuant to Sections
10.1 and 10.2 of the Indenture; (xvii) any notice of merger, consolidation or succession of the Servicer pursuant to Section 5.3 of the Servicing Agreement; and (xviii) any amendment pursuant to
Section 10 of this Agreement; which notice shall be given, in the case of each of (i) through (xviii), promptly upon the Administrator being notified thereof by the Issuer. 

(d) No Action by Administrator. Notwithstanding anything to the contrary in this Agreement, the Administrator shall
not be obligated to, and shall not, take any action that the Issuer directs the Administrator not to take nor which would result in a violation or breach of the Issuer’s covenants, agreements or obligations under any of the Issuer Documents.

 (e) Non-Ministerial Matters; Exceptions to Administrator Duties. 

(i) Notwithstanding anything to the contrary in this Agreement, with respect to matters that in the reasonable judgment of
the Administrator are non-ministerial, the Administrator shall not take any action unless, within a reasonable time before the taking of such action, the Administrator shall have notified the Issuer of the proposed action and the Issuer shall not
have withheld consent or provided an alternative direction. For the purpose of the preceding sentence, “non-ministerial matters” shall include, without limitation: 

(A) the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or
against the Issuer; 
 (B) the appointment of successor Note Registrars, successor Paying Agents, successor
Indenture Trustees, successor Administrators, successor Servicers, or the consent to the assignment by the Note Registrar, the Paying Agent, or the Indenture Trustee of its obligations under the Indenture; and 

  

					
		 	4	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 (C) the removal of the Indenture Trustee. 

(ii) Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall
not, (x) make any payments to the Noteholders under the Transaction Documents, (y) except as provided in the Transaction Documents, sell the Trust Estate or (z) take any other action that the Issuer directs the Administrator not to
take on its behalf. 
 2. Records. The Administrator shall maintain appropriate books of account and records relating to
services performed hereunder, which books of account and records shall be accessible for inspection upon reasonable written request by the Issuer, the Depositor and the Indenture Trustee at any time during normal business hours. 

3. Compensation; Payment of Fees and Expenses; Indemnification. As compensation for the performance of the Administrator’s
obligations under this Agreement and as reimbursement for its expenses related thereto, including, but not limited to, costs incurred in connection with the engagement of third parties to perform any tax preparation duties hereunder, the Issuer
shall cause the Servicer to pay to the Administrator such reasonable amounts agreed between the Servicer and the Administrator, which shall be solely an obligation of the Servicer. The Administrator and any director, officer, employee or agent of
the Administrator shall be entitled to indemnification by the Servicer and held harmless against any loss, liability or expense (including reasonable attorney’s fees) incurred in connection with (i) any claim or legal action relating to
this Agreement or (ii) the performance of any of the Administrator’s duties under this Agreement, unless the loss, liability or expense was incurred by reason of its own grossly negligent actions, its own grossly negligent failure to act
or its own willful misconduct in the performance of any of the Administrator’s duties under this Agreement. 
 4.
Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer with respect to the manner in which it accomplishes the
performance of its obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or to represent the Issuer in any way (other than as permitted hereunder) and shall not otherwise be deemed an
agent of the Issuer. 
 5. No Joint Venture. Nothing contained in this Agreement (i) shall constitute the
Administrator and the Issuer as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on the Administrator or the Issuer or
(iii) shall be deemed to confer on the Administrator or the Issuer any express, implied or apparent authority to incur any obligation or liability on behalf of the other. 
 6. Other Activities of the Administrator. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other businesses or, in its sole discretion, from acting in a similar
capacity as an Administrator for any other Person even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee. 

  

					
		 	5	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 7. Representations and Warranties of the Administrator. The Administrator represents
and warrants to the Issuer and the Indenture Trustee as follows: 
 (a) Existence and Power. The
Administrator is a national banking association validly existing and in good standing under the laws of the United States and has, in all material respects, all power and authority to carry on its business as now conducted. The Administrator has
obtained all necessary licenses and approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents or affect the
enforceability or collectibility of the Receivables or any other part of the Collateral. 
 (b) Authorization
and No Contravention. The execution, delivery and performance by the Administrator of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Administrator and
(ii) do not contravene or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its
property is subject (other than violations which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated
by, or the Administrator’s ability to perform its obligations under, the Transaction Documents). 
 (c)
No Consent Required. No approval or authorization by, or filing with, any Governmental Authority is required in connection with the execution, delivery and performance by the Administrator of any Transaction Document other than (i) UCC
filings, (ii) approvals and authorizations that have previously been obtained and filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse
effect on the enforceability or collectibility of the Receivables or any other part of the Collateral or would not materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents.

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

 8. Administrator Replacement Events; Termination of the Administrator. 

(a) Subject to clauses (d) and (e) below, the Administrator may resign its duties hereunder by
providing the Issuer with at least sixty (60) days’ prior written notice. 

  

					
		 	6	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 (b) Subject to clauses (d) and (e) below, the Issuer
may remove the Administrator without cause by providing the Administrator with at least sixty (60) days’ prior written notice; provided, that, for so long as any Notes are Outstanding, the Rating Agency Condition shall have been
satisfied in connection therewith. 
 (c) The occurrence of any one of the following events (each, an
“Administrator Replacement Event”) shall also entitle the Issuer, subject to Section 20 hereof, to terminate and replace the Administrator: 

(i) any failure by the Administrator to deliver or cause to be delivered to the Indenture Trustee or the Owner Trustee for
deposit into the Collection Account any payment required to be so delivered by the Administrator under the terms of this Agreement that shall continue unremedied for a period of ten (10) Business Days after written notice of such failure is
received (1) by the Administrator from the Indenture Trustee or the Issuer or (2) by the Issuer, the Indenture Trustee and the Administrator from the Noteholders evidencing at least a majority of the Outstanding Note Balance of the
Controlling Class or, if no Notes are Outstanding, from the Majority Certificateholders; 
 (ii) any failure by
the Administrator to duly observe or perform in any material respect any other of the covenants or agreements, as the case may be, set forth in this Agreement, which failure shall materially and adversely affect the rights of the Issuer, the
Noteholders or the Certificateholders, and which continues unremedied for ninety (90) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given (1) to the Administrator by the
Indenture Trustee or the Issuer or (2) to the Issuer, the Indenture Trustee and the Servicer by the Noteholders evidencing at least a majority of the Outstanding Note Balance of the Controlling Class or, if no Notes are Outstanding, by the
Majority Certificateholders; or 
 (iii) the Administrator suffers a Bankruptcy Event; 

provided, however, that if a delay in or failure of performance referred to under clauses (i) or
(ii) above was caused by force majeure or other similar occurrence the grace period in the applicable clause will be extended for an additional thirty (30) days. The existence or occurrence of any “material instance of
noncompliance” (within the meaning of Item 1122 of Regulation AB) shall not create any presumption that any event in clause (i) or (ii) above has occurred. 

(d) If an Administrator Replacement Event shall have occurred, the Issuer may, subject to Section 20 hereof,
by notice given to the Administrator and the Owner Trustee, terminate all or a portion of the rights and powers of the Administrator under this Agreement, including the rights of the Administrator to receive the annual fee for services hereunder for
all periods following such termination; provided, however, that such termination shall not become effective until such time as the Issuer, subject to Section 20 hereof, shall have appointed a successor Administrator with
the consent of the Indenture Trustee in the manner set forth below. Upon any such termination, all rights, powers, duties and responsibilities of the Administrator under this Agreement shall vest

  

					
		 	7	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 
in and be assumed by any successor Administrator appointed by the Issuer, subject to Section 20 hereof, pursuant to a management agreement between the Issuer and such successor
Administrator, containing substantially the same provisions as this Agreement (including with respect to the compensation of such successor Administrator), and the successor Administrator is hereby irrevocably authorized and empowered to execute and
deliver, on behalf of the Administrator, as attorney-in-fact or otherwise, all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect such vesting and assumption. Further, in such event,
the Administrator shall use its commercially reasonable efforts to effect the orderly and efficient transfer of the administration of the Issuer to the new Administrator. 

(e) The Issuer, subject to Section 20 hereof, may waive in writing any Administrator Replacement Event by the
Administrator in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past Administrator Replacement Event, such Administrator Replacement Event shall cease to exist, and any Administrator Replacement Event
arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other Administrator Replacement Event or impair any right consequent thereon. 

9. Action upon Termination or Removal. Promptly upon the effective date of termination of this Agreement pursuant to
Section 8, or the removal of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or
removal. If the Administrator is removed without cause, the Servicer will be responsible for any costs, expenses or indemnities incurred by the Administrator in connection with its removal. 

10. Liens. The Administrator will not directly or indirectly create, allow or suffer to exist any Lien on the Collateral other than
Permitted Liens. 
 11. Notices. All demands, notices and communications hereunder shall be in writing and shall be
delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile or electronic mail, and addressed in each case as specified on Schedule I to the Sale
Agreement or at such other address as shall be designated by any of the specified addressees in a written notice to the other parties hereto. Delivery shall occur only upon receipt or reported tender of such communication by an officer of the
recipient entitled to receive such notices located at the address of such recipient for notices hereunder and, with respect to delivery via electronic mail, upon confirmation from the recipient that such notice has been received; provided,
however, any demand, notice or communication hereunder to any Rating Agency shall be deemed to be delivered if a copy of such demand, notice or communication has been posted on any website maintained by BANA pursuant to a commitment to any
Rating Agency relating to the Notes in accordance with 17 C.F.R. 24017g-5(a)(3). 
 12. [Compliance with the FDIC Rule.
The Administrator agrees (i) to perform the covenants set forth in Article XII of the Indenture applicable to it and (ii) to facilitate compliance with Article XII of the Indenture by the Bank of America Parties.] 

  

					
		 	8	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 13. Amendments. 

(a) Any term or provision of this Agreement may be amended by the Administrator and the Issuer without the consent of the
Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee, the Depositor, the First Tier Purchaser, the Second Tier Purchaser or any other Person subject to subsections (d) and (e) of this
Section 13; provided that (i) such amendment shall not, as evidenced by an Officer’s Certificate of the Depositor or an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee materially and adversely
affect the interests of the Noteholders or (ii) the Rating Agency Condition shall have been satisfied with respect to such amendment; provided further, that in the case of any amendment pursuant to this 

Section 13(a), such amendment shall not, for United States federal income tax purposes, as evidenced by an Opinion of
Counsel, (i) affect the treatment of the Notes as indebtedness, (ii) be deemed to cause a taxable exchange of the Notes or (iii) cause the Issuer (or any part thereof) to be treated as an association or publicly traded partnership
taxable as a corporation [or cause the Issuer to be treated as other than a grantor trust of the type described in Treasury Regulation section 301.7701-4(c).] 
 (b) Subject to subsections (d) and (e) of this Section 13, this Agreement may also be amended from time to time by the Issuer, the Administrator and the
Indenture Trustee, with the consent of (i) the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance of the Controlling Class and (ii) the Majority Certificateholders, for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders or the Certificateholders; provided, however, that no such amendment shall (i) increase or reduce in
any manner the amount of, or accelerate or delay the timing of, or change the allocation or priority of, collections of payments on Receivables or distributions that are required to be made for the benefit of the Noteholders or the
Certificateholders, or (ii) reduce the aforesaid percentage of the principal amount of the Notes Outstanding or the Certificate Percentage Interest required to consent to any such amendment, without the consent of all the Noteholders and
Certificateholders affected thereby; and provided further, that an Opinion of Counsel shall be furnished to the Indenture Trustee and the Owner Trustee to the effect that such amendment (A) will not materially adversely affect the United States
federal income taxation of any outstanding Note or Certificate and (B) for United States federal income tax purposes, will not cause the Issuer to be treated as an association (or a publicly traded partnership) taxable as a corporation[, or
cause the Issuer to be treated as other than a grantor trust of the type described in Treasury Regulation section 301.7701-4(c).] It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or
consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution
thereof by Noteholders and Certificateholders will be subject to such reasonable requirements as the Indenture Trustee and Owner Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement.

  

					
		 	9	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 (c) Prior to the execution of any such amendment, the Administrator shall
provide written notification of the substance of such amendment to each Rating Agency and the Owner Trustee; and promptly after the execution of any such amendment or consent, the Administrator shall furnish a copy of such amendment or consent to
each Rating Agency, the Owner Trustee and the Indenture Trustee. 
 (d) Prior to the execution of any amendment
to this Agreement, the Issuer, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and
that all conditions precedent to the execution and delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which adversely affects the Owner
Trustee’s or the Indenture Trustee’s, as applicable, own rights, duties or immunities under this Agreement. Furthermore, notwithstanding anything to the contrary herein, this Agreement may not be amended in any way that would materially
and adversely affect the Owner Trustee’s, [the Swap Counterparty’s] or the Indenture Trustee’s rights, privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents or otherwise without the prior
written consent of such party. 
 (e) [Notwithstanding subsections (a) and (b) of
this Section 13, this Agreement may only be amended by the Issuer and the Administrator if (i) the Majority Certificateholders or all of the Certificateholders, as the case may be, consent to such amendment or (ii) such
amendment shall not, as evidenced by an Officer’s Certificate of the Issuer or the Administrator or an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the
Certificateholders. It will not be necessary to obtain the consent of the Certificateholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof.] 

14. Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING
SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT EXCLUDING TO THE MAXIMUM EXTENT PERMITTED BY LAW ALL OTHER CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS. 
 (b) Each of the parties hereto hereby irrevocably and unconditionally:

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

  

					
		 	10	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

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

 (iii) agrees that service of process in any such action or Proceeding may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 11 of this Agreement; 

(iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law
or shall limit the right to sue in any other jurisdiction; and 
 (v) to the extent permitted by applicable
law, each party hereto irrevocably waives all right of trial by jury in any action, Proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder
or thereunder. 
 15. Headings. The section headings hereof have been inserted for convenience of reference only and
shall not be construed to affect the meaning, construction or effect of this Agreement. 
 16. Counterparts. This
Agreement may be executed in any number of counterparts (including by way of electronic or facsimile transmission), each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the
same instrument. 
 17. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms
of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way
affect the validity or enforceability of the other provisions of this Agreement. 
 18. Not Applicable to BANA in Other
Capacities; Merger of Administrator. 
 (a) Nothing in this Agreement shall affect any obligation BANA may
have in any other capacity. 
 (b) Any entity into which the Administrator may be merged or converted or with
which it may be consolidated, to which it may sell or transfer its corporate trust business and assets as a whole or substantially as a whole or any entity resulting from any merger, sale, transfer, conversion or consolidation to which the
Administrator shall be a party, or any entity succeeding to the business of the Administrator, shall be the successor of the Administrator hereunder without the execution or filing of any paper of any further act on the part of any of the parties
hereto, anything herein to the contrary notwithstanding. 

  

					
		 	11	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 19. Benefits of the Administration Agreement. Nothing in this Agreement, expressed or
implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture[, the Swap Counterparty] and the
Noteholders, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may
enforce the provisions hereof as if it were a party hereto. 
 20. Assignment. Each party hereto hereby acknowledges and
consents to the mortgage, pledge, assignment and Grant of a security interest by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the Noteholders of all of the Issuer’s rights under this Agreement. In addition,
the Administrator hereby acknowledges and agrees that for so long as any Notes are outstanding, the Indenture Trustee will have the right to exercise all waivers and consents, rights, remedies, powers, privileges and claims of the Issuer under this
Agreement pursuant to the Grant of such security interest. 
 21. Nonpetition Covenant. Each party hereto agrees that,
prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party shall not authorize any Bankruptcy Remote
Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law
now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property
or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of, its
creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) such party shall not commence or join with any other Person in commencing or institute with any other Person any Proceeding against such
Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. 
 22. Limitation of Liability. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by
[            ], not in its individual capacity but solely as Owner Trustee, and in no event shall it have any liability for the representations, warranties, covenants, agreements or other
obligations of the Issuer hereunder or under the Notes or any of the other Transaction Documents or in any of the certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to the assets of the
Issuer. Under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expense of the Issuer or be liable for the breach or failure of any obligations, representation, warranty or covenant made or
undertaken by the Issuer under the Transaction Documents. For the purposes of this Agreement, in the performance of its duties or obligations hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions
of Articles VI, VII and VIII of the Trust Agreement. 

  

					
		 	12	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

 23. [Limitation of Rights. All of the rights of the Swap Counterparty in, to and
under this Agreement (including, but not limited to, all of the Swap Counterparty’s rights as a third party beneficiary of this Agreement and all of the Swap Counterparty’s rights to receive notice of any action hereunder and to give or
withhold consent to any action hereunder) shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts owing to the Swap counterparty under such Interest Rate
Swap Agreement.] 
 [SIGNATURES ON NEXT PAGE] 

  

					
		 	13	 	 Administration Agreement
 (BAAT 20[ ]-[ ])

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

			
	BANK OF AMERICA AUTO TRUST 20[ ]-[ ]
	
	By:
[                                ], not in its individual capacity but solely as Owner
Trustee
		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  

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

 
			
	 BANK OF AMERICA, NATIONAL
 ASSOCIATION, as Administrator

		
	By:	 	 
	Name:	 	
	 Title:
	 	

  

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

 
			
	[                            
    ], not in its individual capacity but solely as Indenture Trustee
		
	By:	 	 
	Name:	 	
	 Title:
	 	

  

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

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]