Document:

Sale Agreement, dated as of June 24, 2010

 Exhibit 10.4 
  

 
 SALE AGREEMENT 

dated as of June 24, 2010 

between 
 BANK
OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC 
 and 

BANK OF AMERICA AUTO TRUST 2010-2 
  

 

							
	ARTICLE I	 	DEFINITIONS AND USAGE	  	1
				
	         SECTION 1.1 
	 		 	Definitions	  	1
				
	        SECTION 1.2	 		 	Other Interpretive Provisions	  	1
			
	  ARTICLE II	 	PURCHASE	  	1
				
	        SECTION 2.1	 		 	Agreement to Transfer, Sell, Contribute and Assign on the Closing Date	  	1
				
	        SECTION 2.2	 		 	Consideration and Payment	  	2
			
	ARTICLE III	 	 REPRESENTATIONS, WARRANTIES AND COVENANTS	  	3
				
	        SECTION 3.1	 		 	Representations and Warranties of the Depositor	  	3
				
	        SECTION 3.2	 		 	Representations and Warranties of the Depositor regarding the Receivables	  	4
				
	        SECTION 3.3	 		 	Repurchase upon Breach	  	4
				
	        SECTION 3.4	 		 	Protection of Title	  	5
				
	        SECTION 3.5	 		 	Other Liens or Interests	  	6
				
	        SECTION 3.6	 		 	Perfection Representations, Warranties and Covenants	  	6
				
	        SECTION 3.7	 		 	Deficiency Balance Call Option	  	6
			
	ARTICLE IV	 	MISCELLANEOUS	  	7
				
	        SECTION 4.1	 		 	Transfers Intended as Sale; Security Interest	  	7
				
	        SECTION 4.2	 		 	Notices, Etc	  	8
				
	        SECTION 4.3	 		 	Choice of Law	  	8
				
	        SECTION 4.4	 		 	Headings	  	8
				
	        SECTION 4.5	 		 	Counterparts	  	8
				
	        SECTION 4.6	 		 	Amendment	  	8
				
	        SECTION 4.7	 		 	Waivers	  	9
				
	        SECTION 4.8	 		 	Entire Agreement	  	10
				
	        SECTION 4.9	 		 	Severability of Provisions	  	10
				
	        SECTION 4.10	 		 	Binding Effect	  	10
				
	        SECTION 4.11	 		 	Acknowledgment and Agreement	  	10
				
	        SECTION 4.12	 		 	Cumulative Remedies	  	10
				
	        SECTION 4.13	 		 	Nonpetition Covenant	  	10
				
	        SECTION 4.14	 		 	Submission to Jurisdiction; Waiver of Jury Trial	  	11
				
	        SECTION 4.15	 		 	Third-Party Beneficiaries	  	11
				
	        SECTION 4.16	 		 	Limitation of Liability	  	11

  

					
		 	-ii-	 	Sale Agreement (BAAT 2010-2)

			
	EXHIBIT A Form of Assignment
		
	SCHEDULE I	  	Notice Addresses
		
	SCHEDULE II	  	Eligibility Representations
		
	SCHEDULE III	  	Perfection Representations, Warranties and Covenants
		
	APPENDIX A	  	Definitions

  

					
		 	-iii-	 	Sale Agreement (BAAT 2010-2)

 THIS SALE AGREEMENT is made and entered into as of June 24, 2010 (as amended from time
to time, this “Agreement”) by BANK OF AMERICA AUTO TRUST 2010-2, a Delaware statutory trust (the “Issuer”), and BANK OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC, a Delaware limited liability company (the
“Depositor”). 
 WITNESSETH: 

WHEREAS, the Issuer desires to purchase from the Depositor a portfolio of motor vehicle receivables, including retail motor vehicle
installment loans that are secured by new and used automobiles, light-duty trucks and similar vehicles; and 
 WHEREAS, the
Depositor is willing to transfer, sell, contribute and assign such portfolio of motor vehicle receivables and related property to the Issuer on the terms and conditions set forth in this Agreement. 

NOW, THEREFORE, in consideration of the premises and the mutual agreements set forth herein, the parties hereto agree as follows:

 ARTICLE I 

DEFINITIONS AND USAGE 

SECTION 1.1 Definitions. Except as otherwise defined herein or as the context may otherwise require, capitalized terms used but
not otherwise defined herein are defined in Appendix A hereto, which also contains rules as to usage that are applicable herein. 

SECTION 1.2 Other Interpretive Provisions. For purposes of this Agreement, unless the context otherwise requires:
(a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under generally accepted accounting principles;
(b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,” “herein” and
“hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles,
Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such
Section or definition; (e) the term “including” means “including without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended
from time to time and include any successor law or regulation; and (g) references to any Person include that Person’s successors and assigns. 

ARTICLE II 

PURCHASE 

SECTION 2.1 Agreement to Transfer, Sell, Contribute and Assign on the Closing Date. On the terms and subject to the conditions set
forth in this Agreement, the Depositor does hereby 
  

 Sale Agreement (BAAT 2010-2) 

 
irrevocably transfer, sell, contribute and assign and otherwise convey to the Issuer without recourse (subject to the obligations herein) on the Closing Date all of its right, title and interest
in, to and under the following property and identified in an Assignment substantially in the form of Exhibit A (the “Assignment”) delivered on the Closing Date (collectively, the “Purchased Assets”):

 (i) all right, title and interest of the Depositor in, to and under the Receivables listed on the Schedule of
Receivables and all monies received thereon after the Cut-Off Date; 
 (ii) the interest of the Depositor in the
security interests in the Financed Vehicles granted by Obligors pursuant to such Receivables and, to the extent permitted by law, any accessions thereto; 

(iii) the interest of the Depositor in any proceeds from claims on any physical damage, credit life, credit disability,
warranties, debt cancellation agreements or other insurance policies covering Financed Vehicles or Obligors; 

(iv) the interest of the Depositor in any proceeds from recourse against Dealers on Receivables acquired from Dealers;

 (v) all right, title and interest of the Depositor in, to and under the Third Purchase Agreement, the Second
Purchase Agreement and the First Purchase Agreement, including the right to cause the Second Tier Purchaser, the First Tier Purchaser or BANA, as applicable, to repurchase Receivables under certain circumstances; 

(vi) all of the Depositor’s rights to the Receivable Files; and 

(vii) the interest of the Depositor in any proceeds of the property described in clauses (i) and
(ii) above. 
 The sale, transfer, contribution, assignment and conveyance made hereunder does not constitute and is not intended to
result in an assumption by the Issuer of any obligation of the Depositor, the Second Tier Purchaser, the First Tier Purchaser, BANA, or any Originator to the Obligors or any other Person in connection with the Receivables listed on the Schedule of
Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. Notwithstanding the other terms of this Agreement, the Depositor and the Issuer hereby acknowledge that BANA expressly
retains all, and has not transferred hereunder any, of its rights to obtain refunds or claim credits or deductions relating to state and local sales or use, gross receipts, transaction privilege, value added, business and occupation and other
similar taxes attributable to accounts charged off by the Issuer or its affiliates, subsidiaries, assignees or transferees. 

SECTION 2.2 Consideration and Payment. In consideration of the transfer, sale, contribution and assignment of the Purchased Assets
conveyed to the Issuer on the Closing Date, the Issuer shall pay to the Depositor on such date an amount equal to the estimated fair market value of the Purchased Assets, which amount shall be paid (a) by delivery of the Notes to or

  

					
		 	-2-	 	Sale Agreement (BAAT 2010-2)

 
upon the order of the Depositor and (b) by delivery of the Certificates to or upon the order of the Depositor. 

ARTICLE III 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

SECTION 3.1 Representations and Warranties of the Depositor. The Depositor makes the following representations and warranties as
of the Closing Date on which the Issuer will be deemed to have relied in acquiring the Purchased Assets. The representations and warranties will survive the conveyance of the Purchased Assets to the Issuer and the pledge thereof by the Issuer to the
Indenture Trustee pursuant to the Indenture: 
 (a) Existence and Power. The Depositor is a limited liability company
validly existing and in good standing under the laws of the State of Delaware and has, in all material respects, all power and authority required to carry on its business as now conducted. The Depositor has obtained all necessary licenses and
approvals in each jurisdiction where the failure to do so would materially and adversely affect the ability of the Depositor to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of a material
portion of the Receivables listed on the Schedule of Receivables or any other part of the Purchased Assets. 
 (b)
Authorization and No Contravention. The execution, delivery and performance by the Depositor of the Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Depositor and do not
contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or (iii) any material indenture or material agreement or instrument to which the Depositor is a party or by which
its properties are bound (other than violations of such laws, rules, regulations, indentures or agreements which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not
materially and adversely affect the transactions contemplated by, or the Depositor’s ability to perform its obligations under, the Transaction Documents). 

(c) No Consent Required. No approval or authorization by, or filing with, any Governmental Authority is required in connection
with the execution, delivery and performance by the Depositor of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and filings 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 listed on the Schedule of Receivables or any other part of the
Purchased Assets or would not materially and adversely affect the ability of the Depositor to perform its obligations under the Transaction Documents. 

(d) Binding Effect. Each Transaction Document to which the Depositor is a party constitutes the legal, valid and binding
obligation of the Depositor enforceable against the Depositor in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or

  

					
		 	-3-	 	Sale Agreement (BAAT 2010-2)

 
other similar laws affecting the enforcement of creditors’ rights generally and, if applicable, the rights of creditors of corporations from time to time in effect or by general principles
of equity. 
 (e) No Proceedings. There are no actions, suits or Proceedings pending or, to the knowledge of the
Depositor, threatened against the Depositor before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance of the
Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by the Depositor of
its obligations under this Agreement or any of the other Transaction Documents or (iv) relating to the Depositor that would materially and adversely affect the federal or Applicable Tax State income, excise, franchise or similar tax attributes
of the Notes. 
 (f) Lien Filings. The Depositor is not aware of any material judgment, ERISA or tax lien filings against
the Depositor. 
 SECTION 3.2 Representations and Warranties of the Depositor regarding the Receivables. The Depositor
makes the representations and warranties set forth on Schedule II with respect to the Receivables listed on the Schedule of Receivables, on which the Issuer relies in purchasing such Receivables. Such representations and warranties speak as
of the Closing Date, but shall survive the sale, transfer, contribution, assignment and conveyance of the Receivables listed on the Schedule of Receivables by the Depositor to the Issuer pursuant to this Agreement and the pledge of the Receivables
by the Issuer to the Indenture Trustee pursuant to the Indenture. Notwithstanding any statement to the contrary contained herein or in any other Transaction Document, the Depositor shall not be required to notify any insurer with respect to any
Insurance Policy obtained by an Obligor. 
 SECTION 3.3 Repurchase upon Breach. (a) Upon discovery by or notice to
the Issuer or the Depositor of a breach of any of the representations and warranties described in Section 3.2 with respect to any Receivable listed on the Schedule of Receivables at the time such representations and warranties were made
which materially and adversely affects the interests of the Noteholders, the party discovering such breach or receiving such notice shall give prompt written notice thereof to the other party hereto; provided, that delivery of the Monthly
Servicer Report, which identifies that Receivables are being or have been repurchased, shall be deemed to constitute prompt notice of such breach; provided, further, the failure to give such notice shall not affect any obligation of
the Depositor hereunder. If the breach materially and adversely affects the interests of the Noteholders, then the Depositor shall either (i) correct or cure such breach or (ii) purchase (or cause to be purchased) such Receivable from the
holder thereof, in either case on or before the last day of the second Collection Period (or, at the option of the Depositor, the last day of the first Collection Period) following the date the Depositor became aware of or was notified of such
breach. Any such breach or failure will be deemed to not have a material and adverse effect if such breach or failure does not affect the ability of the Issuer (or its assignee) to collect, receive and retain timely payment in full on such
Receivable, including Liquidation Proceeds. Any such purchase by the Depositor shall be at a price equal to the related Repurchase Price. In consideration for such repurchase, the Depositor shall make (or shall cause to be made) a payment to the
Issuer equal to the Repurchase Price by depositing (or causing to be 
  

					
		 	-4-	 	Sale Agreement (BAAT 2010-2)

 
deposited) such amount into the Collection Account on the Business Day prior to the Payment Date immediately following the date of such repurchase. Upon payment of such Repurchase Price by the
Depositor, the Issuer shall release and shall execute and deliver such instruments of release, transfer or assignment, in each case without recourse or representation, as may be reasonably requested by the Depositor to evidence such release,
transfer or assignment or more effectively vest in the Depositor or its designee any Receivable listed on the Schedule of Receivables and related Purchased Assets repurchased pursuant to this Section 3.3. It is understood and agreed that
the right to cause the Depositor to repurchase (or to enforce the obligation of the Second Tier Purchaser under the Third Purchase Agreement, the First Tier Purchaser under the Second Purchase Agreement or BANA under the First Purchase Agreement to
repurchase) any Receivable listed on the Schedule of Receivables as described above shall constitute the sole remedy respecting such breach available to the Issuer. 

(b) In addition to the foregoing repurchase obligations, if the interest of the Issuer in any Receivable listed on the Schedule of
Receivables is materially and adversely affected by a breach by the Second Tier Purchaser of a representation or warranty relating to such Receivable in the Third Purchase Agreement, a breach by the First Tier Purchaser of a representation or
warranty relating to such Receivable in the Second Purchase Agreement, or a breach by BANA of a representation or warranty relating to such Receivable in the First Purchase Agreement, the Depositor shall repurchase such Receivable from the Issuer
but only if the Second Tier Purchaser, the First Tier Purchaser or BANA, as applicable, shall in fact repurchase such Receivable. The Depositor shall promptly remit into the Collection Account the purchase price paid with respect to such Receivable.

 SECTION 3.4 Protection of Title. 

(a) The Depositor shall authorize and file such financing statements and cause to be authorized and filed such continuation and other
statements, all in such manner and in such places as may be required by law fully to preserve, maintain and protect the interest of the Issuer under this Agreement in the Receivables listed on the Schedule of Receivables and the other Purchased
Assets. The Depositor shall deliver (or cause to be delivered) to the Issuer file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing. 

(b) The Depositor will notify the Issuer in writing within ten (10) days following the occurrence of (i) any change in the
Depositor’s organizational structure as a limited liability company, (ii) any change in the Depositor’s “location” (within the meaning of Section 9-307 of the UCC of all applicable jurisdictions) and (iii) any
change in the Depositor’s name, and shall have taken all action prior to making such change (or shall have made arrangements to take such action substantially simultaneously with such change, if it is not possible to take such action in
advance) reasonably necessary or advisable in the opinion of the Issuer to amend all previously filed financing statements or continuation statements described in paragraph (a) above. The Depositor will at all times maintain its
“location” within the United States. 
 (c) The Depositor shall maintain (or shall cause the Servicer to maintain) its
computer systems so that, on and after the conveyance under this Agreement of the Receivables listed on the Schedule of Receivables on the Closing Date, the master computer records 

 

					
		 	-5-	 	Sale Agreement (BAAT 2010-2)

 
(including any backup archives, it being understood that any such backup archives may not reflect such interest until thirty-five (35) days after the applicable changes are made to such
master computer records) that refer to a Receivable shall indicate clearly the interest of the Issuer (or any subsequent assignee of the Issuer) in such Receivable and that such Receivable is owned by such Person. 

(d) If at any time the Depositor shall propose to sell, grant a security interest in or otherwise transfer any interest in motor vehicle
receivables to any prospective purchaser, lender or other transferee, the Depositor shall give to such prospective purchaser, lender or other transferee computer tapes, Records or printouts (including any restored from backup archives) that, if they
shall refer in any manner whatsoever to any Receivable listed on the Schedule of Receivables, shall indicate clearly that such Receivable has been sold and is owned by the Issuer (or any subsequent assignee of the Issuer). 

SECTION 3.5 Other Liens or Interests. Except for the conveyances and grants of security interests pursuant to this Agreement and
the other Transaction Documents, the Depositor shall not sell, pledge, assign or transfer the Receivables listed on the Schedule of Receivables or other property transferred to the Issuer to any other Person, or grant, create, incur, assume or
suffer to exist any Lien (other than Permitted Liens) on any interest therein, and the Depositor shall defend the right, title and interest of the Issuer in, to and under such Receivables or other property transferred to the Issuer against all
claims of third parties claiming through or under the Depositor. 
 SECTION 3.6 Perfection Representations, Warranties and
Covenants. The Depositor hereby makes the perfection representations, warranties and covenants attached hereto as Schedule III to the Issuer, and the Issuer shall be deemed to have relied on such representations, warranties and covenants
in acquiring the Purchased Assets. 
 SECTION 3.7 Deficiency Balance Call Option. 

(a) Subject to the provisions of Section 3.7(b), the Depositor may from time to time require the Issuer to sell all right,
title and interest of the Issuer in, to and under any Deficiency Balance to the Depositor. 
 (b) The Depositor may exercise its
right to purchase a Deficiency Balance on the last day of any Collection Period (each such date, the “Deficiency Balance Purchase Date”) by providing to the Issuer a fully completed and duly executed notice thereof at least five
(5) Business Days prior to such Deficiency Balance Purchase Date provided, that the Depositor has received from a Person who is not an Affiliate of the Depositor (each such Person, a “Deficiency Balance Purchaser”) for
an amount equal to the Deficiency Balance Purchase Price an irrevocable commitment from such Deficiency Balance Purchaser to purchase each such Deficiency Balance from the Depositor simultaneously with the Depositor’s acquisition of such
Deficiency Balance from the Issuer. The Depositor shall pay to the Issuer the Deficiency Balance Purchase Price in consideration for each Deficiency Balance sold by the Issuer to the Depositor, with such amount to be directly deposited via wire
transfer in immediately available funds into the Collection Account. Immediately upon receipt by the Issuer of the Deficiency Balance Purchase Price for any Deficiency Balance, the Issuer shall, without any action on its

  

					
		 	-6-	 	Sale Agreement (BAAT 2010-2)

 
part, be deemed to have sold to the Depositor all right, title and interest of the Issuer in such Deficiency Balance, in each case without recourse, representation or warranty. The Depositor
covenants and agrees that each sale of a Deficiency Balance shall be made only to a Deficiency Balance Purchaser at a price (the “Deficiency Balance Purchase Price”) equal to the fair market value of such Deficiency Balance in cash
in immediately available funds and without recourse, representation or warranty by or to the Depositor (other than any representation or warranty regarding the absence of Liens created by the Depositor, that the Depositor has good title to the
Deficiency Balance, or similar representation or warranty). If the Depositor purchases any Deficiency Balance, net proceeds of each sale allocable to the related Receivable will constitute Liquidation Proceeds and the sole right of the Issuer with
respect to any such Receivable will be to receive such Liquidation Proceeds. 
 ARTICLE IV 

MISCELLANEOUS 

SECTION 4.1 Transfers Intended as Sale; Security Interest. 

(a) Each of the parties hereto expressly intends and agrees that the transfers contemplated and effected under this Agreement are
complete and absolute sales and transfers rather than pledges or assignments of only a security interest and shall be given effect as such for all purposes. It is further the intention of the parties hereto that the Receivables listed on the
Schedule of Receivables and related Purchased Assets shall not be treated as property of the Depositor’s estate in the event of a bankruptcy or insolvency of the Depositor. The sales and transfers by the Depositor of the Receivables and related
Purchased Assets hereunder are and shall be without recourse to, or representation or warranty (express or implied) by, the Depositor, except as otherwise specifically provided herein. The limited rights of recourse specified herein against the
Depositor are intended to provide a remedy for breach of representations and warranties relating to the condition of the property sold, rather than to the collectibility of the Receivables. 

(b) Notwithstanding the foregoing, in the event that the Receivables listed on the Schedule of Receivables and other Purchased Assets are
held to be property of the Depositor, or if for any reason this Agreement is held or deemed to create indebtedness or a security interest in such Receivables and other Purchased Assets, then it is intended that: 

(i) This Agreement shall be deemed to be a security agreement within the meaning of Articles 8 and 9 of the New York UCC
and the UCC of any other applicable jurisdiction; 
 (ii) The conveyance provided for in Section 2.1
shall be deemed to be a grant by the Depositor of, and the Depositor hereby grants to the Issuer, a security interest in all of its right (including the power to convey title thereto), title and interest, whether now owned or hereafter acquired, in
and to the Receivables listed on the Schedule of Receivables and other Purchased Assets, to secure such indebtedness and the performance of the obligations of the Depositor hereunder; 

 

					
		 	-7-	 	Sale Agreement (BAAT 2010-2)

 (iii) The possession by the Issuer or its agent of the Receivables Files
related to the Receivables listed on the Schedule of Receivables and any other property as constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by the
purchaser or a person designated by such purchaser, for purposes of perfecting the security interest pursuant to the New York UCC and the UCC of any other applicable jurisdiction; and 

(iv) Notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding
such property, shall be deemed to be notifications to, or acknowledgments, receipts or confirmations from, bailees or agents (as applicable) of the Issuer for the purpose of perfecting such security interest under applicable law. 

SECTION 4.2 Notices, Etc. All demands, notices and communications hereunder shall be in writing and shall be delivered or mailed
by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile, and addressed in each case as specified on Schedule I hereto or at such other address as shall be designated
in a written notice to the other parties hereto. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of such Noteholder as shown in the Note Register. Delivery shall occur
only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder; provided, however, that any notice to a Noteholder
mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 

SECTION 4.3 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE 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. 
 SECTION 4.4 Headings. The section headings hereof have been inserted for
convenience only and shall not be construed to affect the meaning, construction or effect of this Agreement. 
 SECTION 4.5
Counterparts. This Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 

SECTION 4.6 Amendment. 

(a) Any term or provision of this Agreement may be amended by the Depositor with prior written notice to each Rating Agency but without
the consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee, the First Tier Purchaser, the Second Tier Purchaser, or any other Person subject to subsection (d) of this Section 4.6; provided that
(i) such 
  

					
		 	-8-	 	Sale Agreement (BAAT 2010-2)

 
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 4.6(a), such
amendment shall not, as evidenced by an Opinion of Counsel, (i) affect the treatment of the Notes as indebtedness for federal income tax purposes, (ii) be deemed to cause, for federal income tax purposes, 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 for federal income tax purposes. 

(b) Subject to subsection (d) of this Section 4.6, this Agreement (including Appendix A) may also be
amended from time to time by the Depositor with the consent of the Holders of the Notes evidencing not less than a majority of the Outstanding Note Balance for the purpose of adding any provisions to or changing in any manner or eliminating any of
the provisions of this Agreement or of modifying in any manner the rights of the Noteholders. It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if
such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders will be subject to
such reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 

(c) Prior to the execution of any such amendment to this Agreement, the Depositor shall provide written notification of the substance of
such amendment to each Rating Agency; and promptly after the execution of any such amendment or consent, the Depositor shall furnish a copy of such amendment or consent to each Rating Agency and the Indenture Trustee. 

(d) Prior to the execution of any amendment to this Agreement, the Owner Trustee and the Indenture Trustee shall be entitled to receive
and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and 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, Indenture Trustee’s, or the Administrator’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 any provision of this Section 4.6 to the contrary, the permitted activities or powers of the Issuer may
be significantly changed only with the approval of Holders of at least a majority of the Notes held by entities other than the Depositor, its Affiliates and its agents. 

SECTION 4.7 Waivers. No failure or delay on the part of the Issuer, the Depositor or the Indenture Trustee in exercising any power
or right hereunder (to the extent such Person has 
  

					
		 	-9-	 	Sale Agreement (BAAT 2010-2)

 
any power or right hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise thereof or the exercise
of any other power or right. No notice to or demand on the Issuer or the Depositor in either case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by any party under this Agreement shall, except as
may otherwise be stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval under this Agreement shall require any similar or dissimilar waiver or approval thereafter to be granted hereunder. 

SECTION 4.8 Entire Agreement. The Transaction Documents contain a final and complete integration of all prior expressions by the
parties hereto with respect to the subject matter thereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof, superseding all prior oral or written understandings. There are no unwritten
agreements among the parties. 
 SECTION 4.9 Severability of Provisions. If any one or more of the covenants, agreements,
provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the other provisions of this Agreement. 
 SECTION 4.10 Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. This Agreement shall create and constitute the continuing obligations of the parties hereto in
accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree. 

SECTION 4.11 Acknowledgment and Agreement. By execution below, the Depositor expressly acknowledges and consents to sale of the
Purchased Assets and the pledge, assignment and grant of a security interest in the Receivables listed on the Schedule of Receivables and the other Purchased Assets by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of
the Noteholders. In addition, the Depositor hereby acknowledges and agrees that for so long as the Notes are outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Issuer under this Agreement.

 SECTION 4.12 Cumulative Remedies. The remedies herein provided are cumulative and not exclusive of any remedies
provided by law. 
 SECTION 4.13 Nonpetition Covenant. Each party hereto agrees that, prior to the date which is one year
and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (a) such party hereto shall not authorize any Bankruptcy Remote Party to commence a
voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in
effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to 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 
  

					
		 	-10-	 	Sale Agreement (BAAT 2010-2)

 
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 (b) none of the parties hereto shall commence or join with any other Person in commencing any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or
statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination of this Agreement. 
 SECTION
4.14 Submission to Jurisdiction; Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or Proceeding relating to this Agreement or any documents executed and
delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern
District of New York and appellate courts from any thereof; 
 (b) consents that any such action or Proceeding may be brought in
such courts and waives any objection that it may now or hereafter have to the venue of such action or Proceeding in any such court or that such action or Proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

 (c) agrees that service of process in any such action or Proceeding may be effected by mailing a copy thereof by registered
or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 4.2; 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit
the right to sue in any other jurisdiction; and 
 (e) to the extent permitted by applicable law, each party hereto
irrevocably waives all right of trial by jury in any action, Proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder.

 SECTION 4.15 Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties
hereto, the Noteholders and their respective successors and permitted assigns and the Indenture Trustee shall be an express third-party beneficiary hereof and may enforce the provisions hereof as if it were a party hereto. Except as otherwise
provided in this Section, no other Person will have any right hereunder. 
 SECTION 4.16 Limitation of Liability.
Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by Wilmington Trust Company, 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 
  

					
		 	-11-	 	Sale Agreement (BAAT 2010-2)

 
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. 
 [Remainder
of Page Intentionally Left Blank] 
  

					
		 	-12-	 	Sale Agreement (BAAT 2010-2)

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

			
	BANK OF AMERICA AUTO TRUST 2010-2
		
	By: 	 	 WILMINGTON TRUST COMPANY,
 not
in its individual capacity but solely as Owner Trustee

		
	By:	 	 /s/ J. Christopher Murphy

	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

					
		 	S-1	 	Sale Agreement (BAAT 2010-2)

			
	BANK OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC
		
	By:	 	 /s/ Gina Amalfitano

	Name:	 	Gina Amalfitano
	Title: 	 	President and Treasurer

  

					
		 	S-2	 	Sale Agreement (BAAT 2010-2)

 EXHIBIT A 

FORM OF 

ASSIGNMENT PURSUANT TO SALE AGREEMENT 

June 24, 2010 

For value received, in accordance with the Sale Agreement dated as of June 24, 2010 between Bank of America Auto Trust 2010-2 (the
“Issuer”), and Bank of America Auto Receivables Securitization, LLC, a Delaware limited liability company (the “Depositor”) (the “Agreement”), on the terms and subject to the conditions set forth in
the Agreement, the Depositor does hereby irrevocably sell, transfer, contribute, assign and otherwise convey to the Issuer on the date hereof without recourse (subject to the obligations in the Agreement), all right, title and interest of the
Depositor, whether now owned or hereafter acquired, in, to and under the following property, which sale shall be effective as of the Cut-Off Date: 

(i) all right, title and interest of the Depositor in, to and under the Receivables listed on the Schedule of Receivables
and all monies received thereon after the Cut-Off Date; 
 (ii) the interest of the Depositor in the security
interests in the Financed Vehicles granted by Obligors pursuant to such Receivables and, to the extent permitted by law, any accessions thereto; 

(iii) the interest of the Depositor in any proceeds from claims on any physical damage, credit life, credit disability,
warranties, debt cancellation agreements or other insurance policies covering Financed Vehicles or Obligors; 

(iv) the interest of the Depositor in any proceeds from recourse against Dealers on Receivables acquired from Dealers;

 (v) all right, title and interest of the Depositor in, to and under the Third Purchase Agreement, Second
Purchase Agreement and the First Purchase Agreement, including the right to cause the Second Tier Purchaser, the First Tier Purchaser or BANA, as applicable to repurchase Receivables under certain circumstances; 

(vi) all of the Depositor’s rights to the Receivable Files; and 

(vii) the interest of the Depositor in any proceeds of the property described in clauses (i) and
(ii) above. 
 The foregoing sale, transfer, contribution, assignment and conveyance made hereunder does not
constitute and is not intended to result in an assumption by the Issuer of any obligation of the Depositor, the Second Tier Purchaser, the First Tier Purchaser, BANA, any Originator to the Obligors or any other Person in connection with the
Receivables listed on the Schedule of Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. Notwithstanding the other terms of the Agreement, the Depositor

  

					
		 	A-1	 	Sale Agreement (BAAT 2010-2)

 
and the Issuer hereby acknowledge that BANA expressly retains all, and has not transferred hereunder any, of its rights to obtain refunds or claim credits or deductions relating to state and
local sales or use, gross receipts, transaction privilege, value added, business and occupation and other similar taxes attributable to accounts charged off by the Issuer or its affiliates, subsidiaries, assignees or transferees. 

This assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in
the Agreement and is governed by the Agreement. 
 Capitalized terms used herein and not otherwise defined shall have the
meaning assigned to them in the Agreement. 
 [Remainder of page intentionally left blank] 

 

					
		 	A-2	 	Sale Agreement (BAAT 2010-2)

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

			
	BANK OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC, as Depositor
		
	By:	 	  

	Name:
	Title:

  

					
		 	A-3	 	Sale Agreement (BAAT 2010-2)

 SCHEDULE I 

NOTICE ADDRESSES 
 If to
the Issuer: 
 Bank of America Auto Trust 2010-2 

c/o Wilmington Trust Company 
 Rodney Square
North 
 1100 North Market Street 

Wilmington, DE 19890-0001 
 Facsimile:
(302) 636-4140 
 Attention: Corporate Trust Department 

with copies to the Depositor and the Indenture Trustee 

If to the Depositor: 
 Bank of America Auto
Receivables Securitization, LLC 
 Bank of America Corporate Center 

100 N. Tryon St. 
 Charlotte, NC 28255

 Mail Code: NC1-007-06-82 
 Facsimile:
(980) 386-9936 
 If to BAASC 

BA Auto Securitization Corp. 
 214 N. Tryon
Street 
 Charlotte, NC 28202 

Facsimile: (980) 386-9936 
 If to BASHC:

 Banc of America Securitization Holding Corporation 

214 N. Tryon Street 
 Charlotte, NC 28202

 Facsimile: (980) 386-9936 
 If
to BANA: 
 Bank of America, N.A. 

Bank of America Corporate Center 
 100 N. Tryon
St. 
 Charlotte, NC 28255 
 Mail Code:
NC1-007-06-82 
  

					
		 	I-1	 	Sale Agreement (BAAT 2010-2)

 Facsimile: (980) 386-9936 

If to the Servicer: 
 Bank of America, National
Association 
 Bank of America Office Park 

9000 Southside Blvd., Building 100 

Jacksonville, FL 32256-0793 
 If to the
Indenture Trustee: 
 U.S. Bank National Association 

U.S. Bank Corporate Trust Services 
 209 S.
LaSalle Street 
 Suite 300 
 Chicago,
Illinois 60604 
 Facsimile: (312) 325-8905 

Attention: BAAT 2010-2 
 If to the Owner
Trustee: 
 Wilmington Trust Company 

Rodney Square North 
 1100 North Market Street

 Wilmington, Delaware 19890-0001 

Facsimile: (302) 636-4140 
 Attention:
Corporate Trust Department 
 If to Moody’s: 

Moody’s Investors Service, Inc. 
 7 World
Trade Center at 250 Greenwich Street 
 New York, NY 10007 

Facsimile: (212) 298-7139 
 Attention: ABS
Monitoring Department 
 If to S&P: 

Standard & Poor’s Ratings Services 

55 Water Street 
 New York, New York 10041

 Facsimile: (212) 438-2660 

Attention: Asset Backed Surveillance Group 
 If
to Fitch: 
 Fitch, Inc. 
 One State
Street Plaza 
  

					
		 	I-2	 	Sale Agreement (BAAT 2010-2)

 New York, NY 10004 

Attention: Asset Backed Surveillance 
  

					
		 	I-3	 	Sale Agreement (BAAT 2010-2)

 SCHEDULE II 

ELIGIBILITY REPRESENTATIONS 

In accordance with Section 3.2 of this Agreement, the Depositor makes the representations and warranties set forth on this Schedule II
with respect to the Receivables listed on the Schedule of Receivables. 
 (i) Characteristics of Receivables. Each
Receivable as of the Cut-Off Date: 
 (A) is secured by a Financed Vehicle and was originated in the United
States by (1) a Dealer located in the United States for the retail sale of a Financed Vehicle in the ordinary course of such Dealer’s business, was fully and properly executed or electronically authenticated (as defined in the UCC) by the
parties thereto, was purchased by BANA from such Dealer under an existing agreement between Dealer and BANA was validly assigned by such Dealer to BANA in accordance with its terms or (2) by BANA in the ordinary course of BANA’s business
and was fully and properly executed or electronically authenticated (as defined in the UCC) by the parties thereto; 

(B) is a Simple Interest Receivable; 

(C) provides for level scheduled monthly payments (provided that the payment in the first month and the final month of the
life of the Receivable may be different by no more than three times the amount of the level payment) that shall amortize the Amount Financed of such Receivable at its origination by maturity and shall yield interest at the APR; 

(D) is payable in U.S. dollars by an Obligor that is domiciled in the United States with a mailing address in the United
States; 
 (E) contains customary and enforceable provisions such as to render the rights and remedies of the
holder thereof adequate for realization against the collateral of the benefits of the security; 
 (F) as of the
Cut-Off Date, was not a Receivable that was a Delinquent Receivable for more than 29 days, a Defaulted Receivable or secured by a Financed Vehicle that has been repossessed and the related Obligor, to the Depositor’s knowledge as of the Cut-Off
Date, has not filed or had filed against it, any petition for relief under any state or federal bankruptcy, insolvency, receivership or similar law; 

(G) has an original term to maturity of not less than 18 months and not greater than 84 months and, as of the applicable
Cut-Off Date, a remaining term of not less than 6 months and not greater than 72 months; 
 (H) the Amount
Financed as of the Cut-Off Date of greater than or equal to $1,027.14 and less than or equal to $95,062.77; 

(I) has a maturity date on or prior to May 19, 2016; 

 

					
		 	II-1	 	Sale Agreement (BAAT 2010-2)

 (J) has an APR of not less than 2.79% and not more than 18.69%; 

(K) the related Obligor had a FICO score of not less than 620 at the time of the origination of such Receivable; and

 (L) as of the Cut-Off Date, the related Obligor does not have a mailing address in the City of New York.

 (ii) Creation, Perfection and Priority of Security Interests. 

(A) While it is the intention of the Depositor and the Issuer that the transfer and assignment contemplated by this
Agreement shall constitute a sale of the related Purchased Assets from the Depositor to the Issuer, this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in each Receivable and the related Purchased
Assets in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Depositor. 

(B) The Receivables constitute either “tangible chattel paper” or “electronic chattel paper”, each
within the meaning of the applicable UCC. 
 (iii) Schedule of Receivables. The information set forth in the Schedule of
Receivables is true and correct in all material respects, and no selection procedures believed to be adverse to Issuer or its assignees were utilized in selecting such Receivables. 

(iv) Compliance With Law. All requirements of applicable federal, state and local laws, and regulations thereunder, including
usury laws, the Federal Truth-in-Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Federal Trade Commission Act, the Magnuson-Moss Warranty Act, the
Federal Reserve Board’s Regulations “B” and “Z”, the Servicemembers Civil Relief Act of 2003, the Texas Consumer Credit Code, and state adaptations of the National Consumer Act and of the Uniform Consumer Credit Code and
other consumer credit laws and equal credit opportunity and disclosure laws, in respect of any of the Receivables and other Purchased Assets, have been complied with in all material respects, and each Receivable and the sale of the related Financed
Vehicle evidenced thereby complied at the time it was originated or made and now complies in all material respects with all legal requirements of the jurisdiction in which it was originated or made. 

(v) Binding Obligation. Each Receivable represents the genuine, legal, valid and binding payment obligation in writing of the
Obligor thereon, enforceable by the holder thereof in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or similar laws affecting the enforcement of creditors’ rights in general and by
equity, regardless of whether such enforceability is considered in a proceeding in equity or at law. 
 (vi) Security
Interest in Financed Vehicle. The Depositor has a validly perfected first priority security interest in each Receivable, and immediately prior to the sale, transfer, contribution, assignment and conveyance thereof pursuant hereto, each
Receivable was secured 
  

					
		 	II-2	 	Sale Agreement (BAAT 2010-2)

 
by a validly perfected first priority security interest in the Financed Vehicle in favor of the Originator as secured party or all necessary and appropriate action had been commenced that would
result in the valid perfection of a first priority security interest in the Financed Vehicle in favor of the Originator as secured party. 

(vii) Receivables In Force. As of the Cut-Off Date, no such Receivable has been satisfied, subordinated or rescinded, and the
Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part. 

(viii) No Waiver. As of the Cut-Off Date, no provision of a Receivable has been, or will be, waived, extended, deferred, amended,
adjusted, altered or modified in any respect except for waivers, extensions, deferrals, amendments, adjustments, alterations or modifications that are consistent with the Customary Servicing Practices. 

(ix) No Defenses. No right of rescission, setoff, counterclaim or defense has been asserted or threatened with respect to any such
Receivable. 
 (x) No Liens. To the best of Depositor’s knowledge: (1) there are no liens or claims that have
been filed for work, labor or materials affecting any Financed Vehicle securing any such Receivable that are or may be liens prior to, or equal or coordinate with, the security interest in the Financed Vehicle granted by such Receivable; (2) no
contribution failure has occurred with respect to any Pension Plan which is sufficient to give rise to a lien under Section 303(k) of ERISA with respect to any such Receivable; and (3) no tax lien has been filed and no claim related
thereto is being asserted with respect to any such Receivable. 
 (xi) Insurance. Each Obligor under such Receivables is
required to maintain a physical damage insurance policy of the type that BANA or its Affiliates requires in accordance with their customary underwriting standards for the purchase or origination of automotive receivables. 

(xii) Good Title. No such Receivable or the related Purchased Assets, as applicable, has been sold, transferred, assigned or
pledged by Depositor to any Person other than Issuer; immediately prior to the conveyance of such Receivables and the related Purchased Assets pursuant to this Agreement, Depositor had good and marketable title thereto, free of any Lien; and, upon
execution and delivery of this Agreement, Issuer shall have all of the right, title and interest of Depositor to such Receivables, the unpaid indebtedness evidenced thereby and the collateral security therefor, free of any Lien. 

(xiii) Lawful Assignment. No such Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which
would make unlawful, void or voidable the sale, transfer, contribution, assignment and conveyance of such Receivable under this Agreement. 

(xiv) All Filings Made. All filings (including UCC filings) necessary in any jurisdiction to give Issuer a first priority
perfected ownership interest in the Receivables shall have been made. 
 (xv) One Original. With respect to each
Receivable originated by a Dealer and purchased by BANA from such Dealer, there is only one executed original, electronically 
  

					
		 	II-3	 	Sale Agreement (BAAT 2010-2)

 
authenticated original or authoritative copy of such Receivable. With respect to each Receivable originated by BANA, if an executed original, electronically authenticated original or
authoritative copy of such Receivable exists, then such executed original, electronically authenticated original or authoritative copy of such Receivable is in the possession of BANA, as Custodian (or through a sub-contractor or subservicer as
permitted by the Servicing Agreement). 
 (xvi) Electronic Chattel Paper. As of the Cut-Off Date, such Receivable did not
cause the aggregate Amount Financed of all Receivables that constitute “electronic chattel paper” (as defined in the UCC) to exceed 4.00% of the Initial Pool Balance. 

(xvii) Prepayments. Each Receivable requires the Obligor thereunder to pay, upon any prepayment of such Receivable, an amount that
is not less than the Amount Financed of such Receivable plus interest accrued at the applicable Annual Percentage Rate to the date of the prepayment. 

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

(xix) No Undocumented Extensions or Modifications. No extension or modification has been made with respect to any Receivable other
than as evidenced in the Receivable File relating thereto. 
 (xx) No Fraud or Misrepresentation. Each Receivable was
originated by the applicable Originator and was sold by the Depositor to the Issuer without any fraud or misrepresentation on the part of the applicable Originator or the Depositor. 

(xxi) Force-Placed Insurance. No Receivable is subject to a force-placed Insurance Policy on the related Financed Vehicle.

 (xxii) No Documents or Instruments. No such Receivable or constituent part thereof, constitutes a “negotiable
instrument” or “negotiable document of title” (as such terms are used in the UCC). 
  

					
		 	II-4	 	Sale Agreement (BAAT 2010-2)

 SCHEDULE III 

PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 

In addition to the representations, warranties and covenants contained in this Agreement, the Depositor hereby represents, warrants, and
covenants to the Issuer as follows on the Closing Date: 
 General 

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

2. The Receivables constitute “chattel paper” (including “electronic chattel paper” or “tangible chattel
paper”), “accounts,” “instruments” or “general intangibles,” within the meaning of the applicable UCC. 

3. Each Receivable is secured by a first priority validly perfected security interest in the related Financed Vehicle in favor of the
Originator, as secured party, or all necessary actions with respect to such Receivable have been taken or will be taken to perfect a first priority security interest in the related Financed Vehicle in favor of the Originator, as secured party.

 Creation 

4. Immediately prior to the sale, transfer, contribution, assignment and conveyance of the Receivables by the Depositor to the Issuer,
the Depositor owned and had good and marketable title to such Receivables free and clear of any Lien and immediately after the sale, transfer, contribution, assignment and conveyance of such Receivable to the Issuer, the Issuer will have good and
marketable title to such Receivable free and clear of any Lien. 
 5. The Depositor has received all consents and approvals to
the sale of the Receivables hereunder to the Issuer required by the terms of the Receivables that constitute instruments. 

Perfection 

6. The Depositor has caused or will have caused, within ten days after the effective date of this Agreement, the filing of all
appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest in the Receivables granted to the Issuer hereunder; and the Custodian, has in its possession
the original copies of such instruments or tangible chattel paper that constitute or evidence the Receivables, and all financing statements referred to in this paragraph contain a statement that: “A purchase of or security interest in any
collateral described in this financing statement will violate the rights of the Secured Party/Purchaser”. 
  

					
		 	III-1	 	Sale Agreement (BAAT 2010-2)

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

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

 

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

 

	 	(iii)	The Custodian received possession of such instruments or tangible chattel paper after the Indenture Trustee received a written acknowledgment from the Custodian that
such Person is acting solely as agent of the Indenture Trustee, as pledgee of the Issuer. 

 Priority

 8. The Depositor has not authorized the filing of, and is not aware of, any financing statements against the
Depositor that include a description of collateral covering the Receivables other than any financing statement (i) relating to the conveyance of First Tier Purchased Assets by BANA to the First Tier Purchaser under the First Purchase Agreement,
(ii) relating to the conveyance of Second Tier Purchased Assets by the First Tier Purchaser to the Second Tier Purchaser under the Second Purchase Agreement, (iii) relating to the conveyance of Third Tier Purchased Assets by the Second
Tier Purchaser to the Depositor under the Third Purchase Agreement, (iv) relating to the conveyance of Receivables by the Depositor to the Issuer under this Agreement, (v) relating to the security interest granted by the Issuer to the
Indenture Trustee under the Indenture or (vi) that has been terminated. 
 9. The Depositor is not aware of any material
judgment, ERISA or tax lien filings against the Depositor. 
 10. Neither the Depositor nor a custodian or vaulting agent
thereof holding any Receivable that is electronic chattel paper has communicated an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of any loan agreement that constitutes or evidences such Receivable to any
Person other than the Servicer. 
 11. None of the instruments, tangible chattel paper or electronic chattel paper that
constitute or evidence the Receivables has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Depositor, the Issuer or the Indenture Trustee. 

Survival of Perfection Representations 

12. Notwithstanding any other provision of this Agreement or any other Transaction Document, the perfection representations, warranties
and covenants contained in this Schedule 
  

					
		 	III-2	 	Sale Agreement (BAAT 2010-2)

 
III shall be continuing, and remain in full force and effect until such time as all obligations under the Transaction Documents and the Notes have been finally and fully paid and
performed. 
 No Waiver 

13. The parties to this Agreement shall provide the Rating Agencies with prompt written notice of any material breach of the perfection
representations, warranties and covenants contained in this Schedule III, and shall not, without satisfying the Rating Agency Condition, waive a breach of any of such perfection representations, warranties or covenants. 

 

					
		 	III-3	 	Sale Agreement (BAAT 2010-2)

 APPENDIX A 

DEFINITIONS 

The following terms have the meanings set forth, or referred to, below: 

“Account Control Agreement” means the Account Control Agreement, dated as of the Closing Date, among the Issuer, the
Servicer and the Indenture Trustee, as the same may be amended and supplemented from time to time. 
 “Accrued Note
Interest” shall mean, with respect to any Payment Date, the sum of the Noteholders’ Monthly Accrued Interest for such Payment Date and the Noteholders’ Interest Carryover Shortfall for such Payment Date. 

“Act” has the meaning set forth in Section 11.3(a) of the Indenture. 

“Administration Agreement” means the Administration Agreement, dated as of the Closing Date, among the Administrator,
the Issuer and the Indenture Trustee, as the same may be amended and supplemented from time to time. 

“Administrator” means BANA, or any successor Administrator under the Administration Agreement. 

“Administrator Replacement Event” has the meaning set forth in Section 8(c) of the Administration Agreement.

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

“Aggregate Monthly Net Loss” means, with respect to any Payment Date and the related Collection Period, an amount (which
may be a positive or negative number) equal to (a) the aggregate Amount Financed immediately prior to becoming a Defaulted Receivable of each Receivable newly designated as a Defaulted Receivable during such Collection Period minus (b) all
Liquidation Proceeds collected during that Collection Period with respect to all Defaulted Receivables. 
 “Amount
Financed” means, with respect to a Receivable and as of any date, the Original Amount Financed, less: 
 (i) payments
received from or on behalf of the related Obligor prior to such date allocable to principal; 
  

					
		 		 	Definitions (BAAT 2010-2)

 (ii) any refunded portion of extended warranty protection plans costs, physical damage,
credit life or disability, warranties, debt cancellation and other insurance premiums included in the Original Amount Financed and allocable to principal; 

(iii) any Repurchase Price to the extent allocable to principal; and 

(iv) any Liquidation Proceeds received on or prior to the last day of the Collection Period immediately preceding the Determination Date
allocable to principal with respect to such Receivable. 
 “Annual Percentage Rate” or “APR”
of a Receivable means the annual rate of finance charges stated in such Receivable. 
 “Applicable Tax State”
means, as of any date, each State as to which any of the following is then applicable: (a) a State in which the Owner Trustee maintains its Corporate Trust Office, (b) a State in which the Owner Trustee maintains its principal executive
offices and (c) the State of North Carolina. 
 “Authenticating Agent” means any Person authorized by the
Indenture Trustee to act on its behalf to authenticate and deliver the Notes. 
 “Authorized Newspaper” means a
newspaper of general circulation in the City of New York, printed in the English language and customarily published on each Business Day, whether or not published on Saturdays, Sundays and holidays. 

“Authorized Officer” means (a) with respect to the Issuer, (i) any officer of the Owner Trustee who is
authorized to act for the Owner Trustee in matters relating to the Issuer and who is identified on the list of Authorized Officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date, (ii) any officer of the Depositor
who is authorized to act for the Depositor in matters relating to the Issuer in accordance with Section 6.7(f) of the Trust Agreement and who is identified on the list of Authorized Officers delivered by the Depositor to the Owner Trustee and
the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter) or (iii) so long as the Administration Agreement is in effect, any officer of the Administrator who is authorized to act for
the Administrator in matters relating to the Issuer pursuant to the Administration Agreement and who is identified on the list of Authorized Officers delivered by the Administrator to the Owner Trustee and the Indenture Trustee on the Closing Date
(as such list may be modified or supplemented from time to time thereafter) and (b) with respect to each of the Owner Trustee, the Indenture Trustee, the Administrator and the Servicer, any officer of such Person, who is authorized to act for
such Person, in matters relating to such Person and who is identified on the list of Authorized Officers delivered by such Person on the Closing Date (as such list may be modified or supplemented from time to time thereafter). 

“Available Collections” means, for any Payment Date and the related Collection Period, an amount equal to the sum of the
following amounts: (i) all Collections received by the Servicer during such Collection Period, (ii) the sum of the Repurchase Prices deposited into the Collection Account during the related Collection Period with respect to each Receivable
that is to become a Repurchased Receivable for such Payment Date, (iii) the Reserve Account Excess 
  

					
		 	2	 	Definitions (BAAT 2010-2)

 
Amount for such Payment Date, and (iv) any investment income (net of losses and investment expenses) accrued during such Collection Period (other than interest and investment income earned
from one Business Day prior to such Payment Date) from the investment of funds in the Collection Account. 
 “Available
Collections Shortfall Amount” means, as of any Payment Date, the amount by which the amounts required to be paid pursuant to clauses first through third of Section 8.4(a) of the Indenture exceeds the Available
Collections for such Payment Date (computed without giving effect to the Reserve Account Excess Amount). 

“BAASC” means BA Auto Securitization Corporation, a Delaware corporation, and its successors and assigns. 

“BAC” means Bank of America Corporation, a Delaware corporation, and its successors and assigns. 

“BANA” means Bank of America, National Association, a national banking association, and its successors and assigns.

 “Bankruptcy Code” means the United States Bankruptcy Code, 11 U.S.C. 101 et seq., as amended. 

“Bankruptcy Event” means, with respect to any Person, (i) the filing of a decree or order for relief by a court
having jurisdiction in the premises in respect of such Person in an involuntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee,
custodian, trustee, sequestrator or similar official of such Person, or ordering the winding-up or liquidation of such Person’s affairs, and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days or
(ii) the commencement by such Person of a voluntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by such Person to the entry of an order for relief in an
involuntary case under any such law, or the consent by such Person to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person, or the making by such Person of any
general assignment for the benefit of creditors, or the failure by such Person generally to pay its debts as such debts become due, or the taking of action by such Person in furtherance of any of the foregoing. 

“Bankruptcy Remote Party” means each of the Depositor, the Issuer, any other trust created by the Depositor or any
limited liability company or corporation wholly-owned by the Depositor. 
 “BASHC” means Banc of America
Securitization Holding Corporation, a Delaware corporation, and its successors and assigns. 
 “Benefit Plan”
means (i) any “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Title I of ERISA, (ii) a “plan” described in Section 4975 of the Code , which is subject to Section 4975 of
the Code or (iii) any entity deemed to hold the assets of any 
  

					
		 	3	 	Definitions (BAAT 2010-2)

 
of the foregoing by reason of an employee benefit plan’s or other plan’s investment in such entity. 

“Book-Entry Notes” means a beneficial interest in the Notes, ownership and transfers of which shall be made through book
entries by a Clearing Agency as described in Section 2.10 of the Indenture. 
 “Business Day” means
any day other than a Saturday, a Sunday or a day on which banking institutions or trust companies in the states of Delaware, New York, Minnesota or Illinois, or in the state in which the Corporate Trust Office of the Indenture Trustee is located,
are authorized or obligated by law, executive order or government decree to be closed. 
 “Certificate” means a
certificate substantially in the form of Exhibit A to the Trust Agreement evidencing an undivided beneficial interest in the Issuer. For the avoidance of doubt, the references in the Transaction Documents to a “Certificate” or a
“Certificateholder”, unless the context otherwise requires, shall be deemed to be references to “Certificates” or “Certificateholders” if more than one Certificate has been issued. 

“Certificate of Title” means, with respect to any Financed Vehicle, the certificate of title or other documentary
evidence of ownership of such Financed Vehicle as issued by the department, agency or official of the jurisdiction (whether in paper or electronic form) in which such Financed Vehicle is titled responsible for accepting applications for, and
maintaining records regarding, certificates of title and liens thereon. 
 “Certificateholder” means any Holder
of a Certificate. 
 “Class” means a group of Notes whose form is identical except for variation in
denomination, principal amount or owner, and references to “each Class” thus mean each of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes. 

“Class A-1 Final Scheduled Payment Date” shall mean the Payment Date occurring in July 2011. 

“Class A-1 Interest Rate” means 0.61940% per annum (computed on the basis of the actual number of days elapsed
during the applicable Interest Period, but assuming a 360-day year). 
 “Class A-1 Note Balance” means, at any
time, the Initial Class A-1 Note Balance reduced by all payments of principal made prior to such time on the Class A-1 Notes. 

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

 “Class A-1 Notes” means the Class of Auto Loan Asset Backed Notes designated as Class A-1 Notes, issued
in accordance with the Indenture. 
 “Class A-2 Final Scheduled Payment Date” means the Payment Date occurring
in October 2012. 
  

					
		 	4	 	Definitions (BAAT 2010-2)

 “Class A-2 Interest Rate” means 0.91% per annum (computed on the basis
of a 360-day year of twelve 30-day months). 
 “Class A-2 Note Balance” means, at any time, the Initial
Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes. 

“Class A-2 Noteholder” means the Person in whose name a Class A-2 Note is registered on the Note Register.

 “Class A-2 Notes” means the Class of Auto Loan Asset Backed Notes designated as Class A-2 Notes, issued
in accordance with the Indenture. 
 “Class A-3 Final Scheduled Payment Date” means the Payment Date occurring
in July 2014. 
 “Class A-3 Interest Rate” means1.31% per annum (computed on the basis of a 360-day year of
twelve 30-day months). 
 “Class A-3 Note Balance” means, at any time, the Initial Class A-3 Note Balance
reduced by all payments of principal made prior to such time on the Class A-3 Notes. 
 “Class A-3
Noteholder” means the Person in whose name a Class A-3 Note is registered on the Note Register. 
 “Class
A-3 Notes” means the Class of Auto Loan Asset Backed Notes designated as Class A-3 Notes, issued in accordance with the Indenture. 

“Class A-4 Final Scheduled Payment Date” means the Payment Date occurring in June 2017. 

“Class A-4 Interest Rate” means 1.94% per annum (computed on the basis of a 360-day year of twelve 30-day months).

 “Class A-4 Note Balance” means, at any time, the Initial Class A-4 Note Balance reduced by all payments
of principal made prior to such time on the Class A-4 Notes. 
 “Class A-4 Noteholder” means the Person in
whose name a Class A-4 Note is registered on the Note Register. 
 “Class A-4 Notes” means the Class of
Auto Loan Asset Backed Notes designated as Class A-4 Notes, issued in accordance with the Indenture. 
 “Clearing
Agency” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act and shall initially be DTC. 

“Clearing Agency Participant” means a broker, dealer, bank or other financial institution or other Person for which from
time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 
  

					
		 	5	 	Definitions (BAAT 2010-2)

 “Clearstream” means Clearstream Banking, société anonyme, a
corporation organized under the laws of the Grand Duchy of Luxembourg. 
 “Closing Date” means June 24,
2010. 
 “Code” means the Internal Revenue Code of 1986, as amended, modified or supplemented from time to
time, and any successor law thereto, and the regulations promulgated and the rulings issued thereunder. 

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

“Collection Account” means the segregated trust account established and maintained pursuant to
Section 8.2(a)(i) of the Indenture. 
 “Collection Period” means the period commencing on the first
day of each calendar month and ending on the last day of such calendar month (or, in the case of the initial Collection Period, the period commencing at the close of business on the Cut-Off Date and ending on June 30, 2010. As used herein and
unless otherwise noted, the “related” Collection Period with respect to a Payment Date shall be deemed to be the Collection Period which immediately precedes such Payment Date. 

“Collections” means all amounts collected by the Servicer (from whatever source) on or with respect to the Receivables;
provided, however, that the term “Collections” in no event will include (1) any amounts in respect of any Repurchased Receivable the Repurchase Price of which has been included in the Available Collections, (2) any
Supplemental Servicing Fees or (3) any rebates or refunds of premium with respect to the cancellation or termination of any insurance policy, extended warranty or service contract required by contract or law to be refunded to the Obligor (but
only to the extent such amounts are actually received by the Servicer). 
 “Commission” means the U.S.
Securities and Exchange Commission. 
 “Corporate Trust Office” means: 

(a) as used with respect to the Indenture Trustee, the office of the Indenture Trustee at which at any particular time its corporate
trust business shall be administered which office at date of the execution of the Indenture is located at 209 South LaSalle Street, Suite 300, Chicago, Illinois 60604 (telecopier no. (312) 325-8905), Attention: BA Auto Trust 2010-2, or at such
other address as the Indenture Trustee may designate from time to time by notice to the Noteholders, the Servicer, and the Issuer, or the principal corporate trust office of any successor Indenture Trustee (the address of which the successor
Indenture Trustee will notify the Noteholders, the Servicer and the Owner Trustee); and 
 (b) as used with respect to Owner
Trustee, the corporate trust office of the Owner Trustee located at 1100 North Market Street, Rodney Square North, Wilmington, Delaware 19890-0001 (telecopier no. (302) 636-4140), Attention: Corporate Trust Administrator, or at such other
address as the Owner Trustee may designate by notice to the Certificateholder and the 
  

					
		 	6	 	Definitions (BAAT 2010-2)

 
Depositor, or the principal corporate trust office of any successor Owner Trustee (the address of which the successor Owner Trustee will notify the Certificateholder and the Depositor).

 “Cumulative Net Losses” means, as of any Payment Date, a fraction (expressed as a percentage), the numerator
of which is the Aggregate Monthly Net Losses experienced on all Defaulted Receivables from the Cut-Off Date through the last day of the related Collection Period and the denominator of which is the Initial Pool Balance. 

“Custodian” means BANA, initially, and any replacement Custodian appointed pursuant to the Servicing Agreement.

 “Customary Servicing Practices” means the customary servicing practices of the Servicer with respect to all
comparable motor vehicle receivables that the Servicer services for itself or others, as such customary servicing practices may be changed from time to time. 

“Cut-Off Date” means after the close of business on May 31, 2010. 

“Dealer” means the seller of automobiles or light trucks that originated one or more of the Receivables and assigned the
respective Receivables, directly or indirectly, to BANA under an existing agreement between such seller and BANA. 

“Default” means any occurrence that is, or with notice or lapse of time or both would become, an Event of Default.

 “Defaulted Receivable” means a Receivable (other than a Repurchased Receivable), which the Servicer has
charged-off in accordance with its Customary Servicing Practices. 
 “Deficiency Balance” means any Defaulted
Receivable regarding which the related Amount Financed after receipt of any Liquidation Proceeds (other than any Liquidation Proceeds related to the sale of a Deficiency Balance) with respect thereto is greater than zero. 

“Deficiency Balance Purchase Date” has the meaning set forth in Section 3.7(b) of the Sale Agreement.

 “Deficiency Balance Purchase Price” has the meaning set forth in Section 3.7(b) of the Sale
Agreement. 
 “Deficiency Balance Purchaser” has the meaning set forth in Section 3.7(b) of the
Sale Agreement. 
 “Definitive Note” means a definitive fully registered Note issued pursuant to
Section 2.12 of the Indenture. 
 “Delinquent Receivable” means a Receivable for which the related
Obligor has either (i) paid less than 90% of any scheduled monthly payment or (ii) paid at least 90%, but less than 100% of any two or more scheduled monthly payments. 

 

					
		 	7	 	Definitions (BAAT 2010-2)

 “Depositor” means Bank of America Auto Receivables Securitization, LLC, a
Delaware limited liability company, and its successors and assigns. 
 “Depositor LLC Agreement” means the
Limited Liability Company Agreement, dated as of September 9, 2008, between the Depositor and the BAASC, as the same may be amended and supplemented from time to time. 

“Determination Date” means the
5th calendar day of each month, or if such day is not a
Business Day, the preceding Business Day. 
 “Dollar” and “$” mean lawful currency of the
United States of America. 
 “DTC” means The Depository Trust Company, and its successors. 

“Eligible Account” means either (a) a segregated account with an Eligible Institution or (b) a segregated
trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia, or any domestic branch of a foreign bank. This
depository institution must have corporate trust powers and act as trustee for funds deposited in the account and the securities of that depository institution must have a credit rating from each Rating Agency providing a rating on the Notes in one
of its generic rating categories which signifies investment grade. For avoidance of doubt, the institution or entity holding such Eligible Account has the discretion to invest any funds awaiting investment or distribution in such Eligible Account,
in accordance with the Transaction Documents. 
 “Eligible Institution” means a depository institution or trust
company (which may be the Owner Trustee, the Indenture Trustee or any of their respective Affiliates) organized under the laws of the United States or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign
bank) so long as that depositing institution (a) has both (i) a long-term senior unsecured debt rating that is acceptable to each Rating Agency, and (ii) a short-term unsecured debt rating or certificate of deposit rating that is
acceptable to each Rating Agency, and (b) whose deposits are insured by the FDIC or any successor thereto; provided, that a foreign financial institution shall be seemed to satisfy clause (b) if such foreign financial institutions meets
the requirements of Rule 13k-1(b)(1) under the Exchange Act (17 CFR § 240.13k-1(b)(1)). 
 “Eligible
Investments” shall mean any one or more of the following types of investments: 
 (a) direct obligations of, and
obligations fully guaranteed as to timely payment by, the United States of America; 
 (b) demand deposits, time deposits or
certificates of deposit of any depository institution (including any Affiliate of the Depositor, the Servicer, the Indenture Trustee or the Owner Trustee) or trust company incorporated under the laws of the United States of America or any state
thereof or the District of Columbia (or any domestic branch of a foreign bank) and subject to supervision and examination by Federal or state banking or depository institution authorities (including depository receipts issued by any such institution
or trust company as custodian with respect to any obligation referred to in clause (a) above or a portion of such 
  

					
		 	8	 	Definitions (BAAT 2010-2)

 
obligation for the benefit of the holders of such depository receipts); provided that at the time of the investment or contractual commitment to invest therein (which shall be deemed to be
made again each time funds are reinvested following each Payment Date), the commercial paper or other short-term senior unsecured debt obligations (other than such obligations the rating of which is based on the credit of a Person other than such
depository institution or trust company) of such depository institution or trust company shall have a credit rating from Standard & Poor’s of at least “A-1”, from Moody’s of “P-1” and from Fitch of
“F1”; 
 (c) commercial paper (including commercial paper of any Affiliate of the Depositor, the Servicer, the
Indenture Trustee or the Owner Trustee) having, at the time of the investment or contractual commitment to invest therein, a rating from Standard & Poor’s of at least “A-1”, from Moody’s of “P-1” and from Fitch
of “F-1”; 
 (d) investments in money market funds (including funds for which the Depositor, the Servicer, the
Indenture Trustee or Owner Trustee or any of their respective Affiliates is investment manager or advisor) having a rating from Standard & Poor’s of “AAA-m” or “AAAm-G”, from Moody’s of “Aaa” and from
Fitch of “AAA”; and 
 (e) bankers’ acceptances issued by any depository institution or trust company referred to
in clause (b) above. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended. 
 “Euroclear” means Euroclear Bank S.A./N.V., as operator of the Euroclear system. 

“Event of Default” has the meaning set forth in Section 5.1 of the Indenture. 

“Event of Servicing Termination” has the meaning set forth in Section 6.1 of the Servicing Agreement.

 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exchange Act Reports” means any reports on Form 10-D, Form 8-K and Form 10-K filed or to be filed by the Depositor with
respect to the Issuer under the Exchange Act. 
 “Final Scheduled Payment Date” means, with respect to
(i) the Class A-1 Notes, the Class A-1 Final Scheduled Payment Date, (ii) the Class A-2 Notes, the Class A-2 Final Scheduled Payment Date, (iii) the Class A-3 Notes, the Class A-3 Final Scheduled Payment
Date and (iv) the Class A-4 Notes, the Class A-4 Final Scheduled Payment Date. 
 “Financed
Vehicle” means a new or used automobile, light-duty truck or similar vehicle, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable. 

“First Allocation of Principal” means, with respect to any Payment Date, an amount equal to the excess, if any,
of (a) the Note Balance as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (b) the Pool Balance 

 

					
		 	9	 	Definitions (BAAT 2010-2)

 
for the Collection Period immediately preceding such Payment Date; provided, however, that the First Allocation of Principal shall not exceed the Note Balance of the Notes (before
giving effect to any principal payments made on the Notes on such Payment Date); provided, further, that the First Allocation of Principal for any Payment Date on and after the Final Scheduled Payment Date for any Class of Notes shall
not be less than the amount that is necessary to reduce the Note Balance of that class of Notes to zero; provided, further if amounts on deposit in the Reserve Account will be included in the Reserve Account Draw Amount on any Payment Date in
accordance with the provisions set forth in the second sentence of the definition of Reserve Account Draw Amount, then, the First Allocation of Principal for such Payment Date will mean an amount equal to the aggregate Outstanding Note Balance of
the Notes. 
 “First Purchase Agreement” means the Purchase Agreement, dated as of the Closing Date, between
BANA, as seller, and the First Tier Purchaser, as amended, modified or supplemented from time to time. 
 “First Tier
Purchased Assets” has the meaning set forth in Section 2.1 of the First Purchase Agreement. 

“First Tier Purchaser” means BASHC. 

“Fitch” means Fitch, Inc. 

“Form 10-D Disclosure Item” means, with respect to any Person, (a) any legal proceedings pending against such
Person or of which any property of such Person is then subject, or (b) any proceedings known to be contemplated by governmental authorities against such Person or of which any property of such Person would be subject, in each case that would be
material to the Noteholders. 
 “GAAP” means generally accepted accounting principles in the USA, applied on a
materially consistent basis. 
 “Governmental Authority” means any (a) Federal, state, municipal, foreign
or other governmental entity, board, bureau, agency or instrumentality, (b) administrative or regulatory authority (including any central bank or similar authority) or (c) court or judicial authority. 

“Grant” means mortgage, pledge, bargain, sell, warrant, alienate, remise, release, convey, assign, transfer, create,
grant a lien upon and a security interest in and right of set-off against, deposit, set over and confirm pursuant to the Indenture. A Grant of the Collateral or of any other agreement or instrument shall include all rights, powers and options (but
none of the obligations) of the Granting party thereunder, including the immediate and continuing right to claim for, collect, receive and give receipt for principal and interest payments in respect of the Collateral and all other moneys payable
thereunder, to give and receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring proceedings in the name of the Granting party or otherwise and generally to do and receive anything
that the Granting party is or may be entitled to do or receive thereunder or with respect thereto. Other forms of the verb “to Grant” shall have correlative meanings. 

“Holder” means, as the context may require, a Certificateholder or a Noteholder or both. 

 

					
		 	10	 	Definitions (BAAT 2010-2)

 “Indenture” means the Indenture, dated as of the Closing Date, between the
Issuer and Indenture Trustee, as the same may be amended and supplemented from time to time. 
 “Indenture
Trustee” means U.S. Bank National Association, a national banking association, not in its individual capacity but as indenture trustee under the Indenture, or any successor trustee under the Indenture. 

“Indenture Trustee’s Certificate” means the certificate delivered pursuant to Section 7.4 of the
Indenture. 
 “Independent” means, when used with respect to any specified Person, that such Person (i) is
in fact independent of the Issuer, any other obligor upon the Notes, the Servicer and any Affiliate of any of the foregoing Persons, (ii) does not have any direct financial interest or any material indirect financial interest in the Issuer, any
such other obligor, the Servicer or any Affiliate of any of the foregoing Persons and (iii) is not connected with the Issuer, any such other obligor, the Servicer or any Affiliate of any of the foregoing Persons as an officer, employee,
promoter, underwriter, trustee, partner, director or Person performing similar functions. 
 “Independent
Certificate” means a certificate or opinion to be delivered to the Indenture Trustee under the circumstances described in, and otherwise complying with, the applicable requirements of Section 11.1 of the Indenture, made by an
independent appraiser or other expert appointed by an Issuer Order, and such opinion or certificate shall state that the signer has read the definition of “Independent” in this Appendix A and that the signer is Independent within
the meaning thereof. 
 “Initial Class A-1 Note Balance” means $340,005,000. 

“Initial Class A-2 Note Balance” means $240,000,000. 

“Initial Class A-3 Note Balance” means $481,000,000. 

“Initial Class A-4 Note Balance” means $191,126,000. 

“Initial Note Balance” means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note
Balance, the Initial Class A-3 Note Balance, the Initial Class A-4 Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing 

“Initial Pool Balance” means $1,350,007,411.97. 

“Insurance Policy” means, with respect to a Receivable, an insurance policy covering physical damage, warranties, debt
cancellation, credit life, credit disability, theft, mechanical breakdown or similar event with respect to the related Financed Vehicle. 

“Interest Period” means, with respect to any Payment Date, (a) with respect to the Class A-1 Notes, the actual
number of days, from and including the previous Payment Date (or, in the case of the First Payment Date, from and including the Closing Date) to but excluding the current Payment Date (for example, for a Payment Date in February, the Interest Period
is from and including the Payment Date in January to but excluding the Payment Date in February) and 
  

					
		 	11	 	Definitions (BAAT 2010-2)

 
(b) with respect to the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, from and including the
15th day of the calendar month preceding each Payment Date
(or the Closing Date in the case of the first Payment Date) to but excluding the
15th day of the current month (assuming each month has 30
days). As used herein and unless otherwise notes, the “related” Interest Period with respect to any Payment Date shall be deemed to be the Interest Period that ends on such Payment Date (or, if such Payment Date is not the
15th day of the calendar month, then the Interest Period
that ends on the 15th day of the calendar month in which such Payment Date occurs. 
 “Interest Rate” means
(a) with respect to the Class A-1 Notes, the Class A-1 Interest Rate, (b) with respect to the Class A-2 Notes, the Class A-2 Interest Rate, (c) with respect to the Class A-3 Notes, the Class A-3 Interest
Rate and (d) with respect to the Class A-4 Notes, the Class A-4 Interest Rate. 
 “Investment Company
Act” means the Investment Company Act of 1940, as amended. 
 “Issuer” means Bank of America Auto
Trust 2010-2, a Delaware statutory trust established pursuant to the Trust Agreement, until a successor replaces it and, thereafter, means the successor and, for purposes of any provision contained herein, each other obligor on the Notes.

 “Issuer Documents” has the meaning set forth in the recitals to the Administration Agreement. 

“Issuer Order” and “Issuer Request” means a written order or request of the Issuer signed in the name
of the Issuer by any one of its Authorized Officers and delivered to the Indenture Trustee. 
 “Item 1119
Party” means the Depositor, BANA, the Servicer, the Indenture Trustee, the Owner Trustee, any underwriter of the Notes and any other material transaction party identified by the Depositor or BANA to the Indenture Trustee and the Owner
Trustee in writing. 
 “Lien” means, for any asset or property of a Person, a lien, security interest,
mortgage, pledge or encumbrance in, of or on such asset or property in favor of any other Person, except any Permitted Lien. 

“Liquidation Expenses” means, with respect to a Defaulted Receivable, such reasonable amount as the Servicer determines
necessary in accordance with its customary procedures to refurbish, repossess and dispense of a repurchased Financed Vehicle and applied as an allowance for amounts charged to the account of the Obligor, in keeping with the Servicer’s customary
procedures, for refurbishing, repossessing and disposing of the Financed Vehicle and other out-of-pocket costs related to the liquidation. 

“Liquidation Proceeds” means, with respect to a Defaulted Receivable, all amounts realized with respect to such
Receivable (including any amounts received by the Issuer in connection with the sale of any Deficiency Balance) net of the Liquidation Expenses and any amounts that are required to be refunded to the Obligor on such Receivable, but in any event not
less than zero. 
  

					
		 	12	 	Definitions (BAAT 2010-2)

 “Monthly Data File” has the meaning set forth in Section 4.3 of
the Servicing Agreement. 
 “Monthly Remittance Condition” shall be deemed to be satisfied as of any
Determination Date if: (i) BANA is the Servicer; (ii) the rating of BANA’s short-term unsecured debt is at least P-1 by Moody’s is at least A-1 by Standard & Poor’s and is at least F1 by Fitch; and (iii) no
Servicer Termination Event has occurred during such Collection Period. 
 “Monthly Servicer Report” has the
meaning set forth in Section 4.3 of the Servicing Agreement. 
 “Moody’s” means Moody’s
Investors Service, Inc., or any successor that is a nationally recognized statistical rating organization. 

“Note” means a Class A-1 Note, Class A-2 Note, Class A-3 Note and Class A-4 Note, in each case
substantially in the forms of Exhibit A to the Indenture. 
 “Note Balance” means, with respect to any
date of determination, for any Class the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance and the Class A-4 Note Balance, as applicable, or with respect to all of the classes of Notes, collectively,
the sum of all of the foregoing. 
 “Note Depository Agreement” means the agreement, dated as of the Closing
Date, between the Issuer and DTC, as the initial Clearing Agency relating to the Notes, as the same may be amended or supplemented from time to time. 

“Note Factor” on a Payment Date means, with respect to each Class of Notes, a seven-digit decimal figure equal to the
Note Balance of such Class of Notes as of such Payment Date (after giving effect to any payment of principal on such Payment Date) divided by the Note Balance of such Class of Notes as of the Closing Date. The Note Factor will be 1.000000 as of the
Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of such Class of Notes. 

“Noteholders” means, collectively, the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3
Noteholders and the Class A-4 Noteholders. 
 “Noteholders’ Interest Carryover Shortfall” shall mean,
with respect to any Payment Date, the excess of the sum of the Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the
amount in respect of interest that is actually paid to Noteholders of Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of Notes on the preceding Payment Date, to the extent permitted by
law, at the respective Interest Rates borne by such Notes for the related Interest Period. 
 “Noteholders’ Monthly
Accrued Interest” shall mean, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 Notes, at
the respective Interest Rate for such Class on the Note Balance of the Notes on the immediately preceding Payment Date or the 
  

					
		 	13	 	Definitions (BAAT 2010-2)

 
Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date. 

“Note Owner” means, with respect to a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note,
as reflected on the books of the Clearing Agency or a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing
Agency). 
 “Note Register” and “Note Registrar” have the respective meanings set forth in
Section 2.4 of the Indenture. 
 “Noteholder” means, as of any date, the Person in whose name a
Note is registered on the Note Register on such date. 
 “Obligor” means the purchaser or co-purchasers of the
Financed Vehicle or any other Person who owes payments under a Receivable. 
 “Officer’s Certificate”
means (i) with respect to the Issuer, a certificate signed by any Authorized Officer of the Issuer and (ii) with respect to the Depositor or the Servicer, a certificate signed by the chairman of the board, the president, any executive vice
president, any vice president, the treasurer, any assistant treasurer or the controller of the Depositor or the Servicer, as applicable. 

“Opinion of Counsel” means one or more written opinions of counsel who may, except as otherwise expressly provided in
the Indenture or any other applicable Transaction Document, be employees of or counsel to the Issuer, the Servicer or the Depositor, and which opinion or opinions comply with any applicable requirements of the Transaction Documents and are in form
and substance reasonably satisfactory to the recipient(s). Opinions of Counsel need address matters of law only and may be based upon stated assumptions as to relevant matters of fact. 

“Optional Purchase” has the meaning set forth in Section 6.6 of the Servicing Agreement. 

“Optional Purchase Price” has the meaning set forth in Section 10.1 of the Indenture. 

“Original Amount Financed” means, with respect to a Receivable and as of the date on which such Receivable was
originated, the aggregate amount advanced under the Receivable toward the purchase price of the Financed Vehicle, including accessories, insurance premiums, service and warranty contracts and other items customarily financed as part of automobile
and light-duty truck retail installment sale contracts or direct purchase money loans and related costs. 

“Originator” means, with respect to any Receivable, BANA. 

“Other Assets” means any assets (or interests therein) (other than the Trust Estate) conveyed or purported to be
conveyed by the Depositor to another Person or Persons other than the Issuer, whether by way of a sale, capital contribution or by virtue of the granting of a lien. 

 

					
		 	14	 	Definitions (BAAT 2010-2)

 “Outstanding” means, as of any date, all Notes (or all Notes of an
applicable Class) theretofore authenticated and delivered under the Indenture except: 
 (i) Notes (or Notes of an applicable
Class) theretofore cancelled by the Note Registrar or delivered to the Note Registrar for cancellation; 
 (ii) Notes (or Notes
of an applicable Class) or portions thereof the payment for which money in the necessary amount has been theretofore deposited with the Indenture Trustee or any Paying Agent in trust for the related Noteholders (provided, however, that
if such Notes are to be redeemed, notice of such redemption has been duly given pursuant to the Indenture or provision therefor, satisfactory to the Indenture Trustee, has been made); and 

(iii) Notes (or Notes of an applicable Class) in exchange for or in lieu of other Notes (or Notes of such Class) that have been
authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any such Notes are held by a bona fide purchaser; 

provided that in determining whether Noteholders holding the requisite Note Balance have given any request, demand, authorization,
direction, notice, consent, vote or waiver hereunder or under any Transaction Document, Notes owned by the Issuer, the Depositor or by any of their respective Affiliates shall be disregarded and deemed not to be Outstanding unless all Notes of such
Class are then held by such parties, except that, in determining whether the Indenture Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, vote or waiver, only Notes that a Responsible
Officer of the Indenture Trustee knows to be so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the pledgee thereof establishes to the satisfaction of the Indenture Trustee such
pledgee’s right so to act with respect to such Notes and that such pledgee is not the Issuer, the Depositor, the Servicer or any of their respective Affiliates. 

“Owner Trustee” means Wilmington Trust Company, a Delaware banking corporation, not in its individual capacity but
solely as owner trustee under the Trust Agreement, and any successor Owner Trustee thereunder. 
 “Paying
Agent” means the Indenture Trustee or any other Person that meets the eligibility standards for the Indenture Trustee set forth in Section 6.11 of the Indenture and is authorized by the Issuer to make the payments to and
distributions from the Principal Distribution Account, including the payment of principal of or interest on the Notes on behalf of the Issuer. 

“Payment Date” means the
15th day of each calendar month beginning July 15,
2010, provided, however, whenever a Payment Date would otherwise be a day that is not a Business Day, the Payment Date shall be the next Business Day. As used herein, the “related” Payment Date with respect to a Collection
Period shall be deemed to be the Payment Date which immediately follows such Collection Period. 
 “Payment
Default” has the meaning set forth in Section 5.4(a) of the Indenture. 
  

					
		 	15	 	Definitions (BAAT 2010-2)

 “Pension Plan” means an employee pension benefit plan (as defined in
Section 3(2) of ERISA) maintained by the Depositor that is subject to Title IV of ERISA, excluding any multiemployer plan (as defined in Section 3(37) of ERISA). 

“Permitted Liens” means (a) any liens created by the Transaction Documents; (b) any liens for taxes not due
and payable or the amount of which is being contested in good faith by appropriate proceedings; and (c) any liens of mechanics, suppliers, vendors, materialmen, laborers, employees, repairmen and other like liens securing obligations which are
not due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings. 

“Person” means any legal person, including any individual, corporation, partnership, joint venture, association, limited
liability company, joint stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof. 

“Pool Balance” means (a) for any Payment Date, the aggregate Amount Financed of the Receivables (excluding
Repurchased Receivables and Defaulted Receivables as of such date) as of the close of business of the last Business Day of the related Collection Period and (b) for any Collection Period, the aggregate Amount Financed of the Receivables
(excluding Repurchased Receivables and Defaulted Receivables as of such date) as of the close of business on the last Business Day of such Collection Period. 

“Pool Factor” on a Payment Date means a seven-digit decimal figure equal to the Pool Balance as of the end of the
preceding Collection Period divided by the sum of the aggregate Amount Financed of the Receivables as of the Cut-Off Date. The Pool Factor will be 1.000000 as of the Cut-Off Date; thereafter, the Pool Factor will decline to reflect reductions in the
Pool Balance. 
 “Post-Maturity Term Extension” has the meaning set forth in Section 3.2 of the
Servicing Agreement. 
 “Predecessor Note” means, with respect to any particular Note, every previous Note
evidencing all or a portion of the same debt as that evidenced by such particular Note; provided, however, for the purpose of this definition, any Note authenticated and delivered under Section 2.5 of the Indenture in lieu
of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 

“Principal Distribution Account” means the account, which may be a subaccount of the Collection Account, by that name
established and maintained pursuant to Section 8.2(a)(ii) of the Indenture. 
 “Proceeding” means
any suit in equity, action at law or other judicial or administrative proceeding. 
 “Purchased Assets” has the
meaning set forth in Section 2.1 of the Sale Agreement. 
 “Rating Agency” means Moody’s,
Standard & Poor’s or Fitch. 
  

					
		 	16	 	Definitions (BAAT 2010-2)

 “Rating Agency Condition” means, with respect to any event or circumstance
and each Rating Agency, either (a) written confirmation by such Rating Agency that the occurrence of such event or circumstance will not cause such Rating Agency to downgrade, qualify or withdraw its rating assigned to any of the Notes or
(b) that such Rating Agency shall have been given notice of such event at least ten days prior to the occurrence of such event (or, if ten days’ advance notice is impracticable, as much advance notice as is practicable) and such Rating
Agency shall not have issued any written notice that the occurrence of such event will itself cause such Rating Agency to downgrade, qualify or withdraw its rating assigned to the Notes. 

“Receivable” means a retail installment sale contract or direct purchase money loan for a Financed Vehicle and any
amendments, modifications or supplements to such retail installment sale contract or direct purchase money loan that is included in the Schedule of Receivables. The term “Receivable” does not include any Repurchased Receivable or any
Receivable refinanced pursuant to Section 3.2 of the Servicing Agreement. 
 “Receivable Files”
means the documents specified in Section 2.1 of the Servicing Agreement. 
 “Record Date” means,
unless otherwise specified in any Transaction Document, with respect to any Payment Date or Redemption Date, (i) for any Definitive Notes and for the Certificates, if any, the close of business on the last Business Day of the calendar month
immediately preceding the calendar month in which such Payment Date or Redemption Date occurs and (ii) for any Notes other than Definitive Notes, the close of business on the Business Day immediately preceding such Payment Date or Redemption
Date. 
 “Records” means, for any Receivable, all contracts, books, records and other documents or information
(including computer programs, tapes, disks, software and related property and rights, to the extent legally transferable) relating to such Receivable or the related Obligor. 

“Redemption Date” means in the case of a redemption of the Notes pursuant to Section 10.1 of the Indenture,
the Payment Date specified by the Indenture Trustee or the Issuer pursuant to Section 10.1 of the Indenture. 

“Redemption Price” means an amount equal to the sum of (i) the unpaid Note Balance plus (ii) all accrued and
unpaid interest thereon at the applicable Interest Rate for the Notes being so redeemed, up to but excluding the Redemption Date. 

“Reduction Event” has the meaning set forth in Section 3.2 of the Servicing Agreement. 

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

 “Regular Allocation of Principal” means, with respect to any Payment Date, an amount equal to the
lesser of (i) the Note Balance of the Notes on that Payment Date (before giving effect to any payments made to the Noteholders on that Payment Date) and (ii) an amount equal to the excess of: (A) (x) the Note Balance of
the Notes on that Payment Date (before giving effect to any payments made to Noteholders on that Payment Date); minus (y) the First 

 

					
		 	17	 	Definitions (BAAT 2010-2)

 
Allocation of Principal, if any, in each case for such Payment Date; over (B) the Pool Balance at the end of the related Collection Period less the Targeted
Overcollateralization Amount. 
 “Regulation AB” means Subpart 229.1100 – Asset Backed Securities
(Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such regulation may be amended from time to time and subject to such clarification and interpretation as have been provided by the Commission in the adopting release (Asset-Backed
Securities, Securities Act Release No. 33-8518. 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)) or by the staff of the Commission, or as may be provided in writing by the Commission or its staff from time to time. 

“Reportable Event” means any event required to be reported on Form 8-K, and in any event, the occurrence of any of the
following: 
 (a) entry into a material definitive agreement related to the Issuer, the Notes, the Receivables or an amendment
to a Transaction Document, even if the Depositor is not a party to such agreement (e.g., a servicing agreement with a servicer contemplated by Item 1108(a)(3) of Regulation AB); 

(b) termination of a Transaction Document (other than by expiration of the agreement on its stated termination date or as a result of all
parties completing their obligations under such agreement), even if the Depositor is not a party to such agreement (e.g., a servicing agreement with a servicer contemplated by Item 1108(a)(3) of Regulation AB); 

(c) with respect to the Servicer only, the occurrence of a Servicing Termination Event; 

(d) an Event of Default; 

(e) the resignation, removal, replacement, or substitution of the Indenture Trustee or the Owner Trustee; or 

(f) with respect to the Indenture Trustee only, a required distribution to holders of the Notes is not made as of the required Payment
Date under the Indenture. 
 “Repurchase Price” means, with respect to any Repurchased Receivable purchased by
BANA, the Servicer, the First Tier Purchaser, the Second Tier Purchaser or the Depositor, a price equal to the outstanding Amount Financed (calculated without giving effect to clause (iv) contained in the definition of such term) of such
Receivable plus any unpaid accrued interest related to such Receivable accrued to and including the end of the Collection Period preceding the date that such Repurchased Receivable was purchased by BANA, the Servicer, the First Tier Purchaser, the
Second Tier Purchaser or the Depositor, as applicable. 
 “Repurchased Receivable” means any Receivable that is
repurchased pursuant to Section 3.3 of the First Purchase Agreement, Section 3.3 of the Second Purchase Agreement, Section 3.3 of the Third Purchase Agreement, Section 3.3 of the Sale Agreement or
Section 3.7 of the Servicing Agreement, as applicable. 
  

					
		 	18	 	Definitions (BAAT 2010-2)

 “Reserve Account” means the account by that name established and maintained
pursuant to Section 8.2 of the Indenture. 
 “Reserve Account Draw Amount” means, for any Payment
Date, the amount withdrawn from the Reserve Account, equal to the lesser of (a) the Available Collections Shortfall Amount, if any for such Payment Date, or (b) the amount on deposit in the Reserve Account on such Payment Date. In
addition, if the sum of the amounts in the Reserve Account and the remaining Available Collections after the payments under clauses first through third of Section 8.4(a) of the Indenture would be sufficient to pay in full
the aggregate Outstanding Note Balance of all of the Notes, then the Reserve Account Draw Amount will include such additional amount as may be necessary to pay all Outstanding Notes in full. 

“Reserve Account Excess Amount” means, with respect to any Payment Date, an amount equal to the excess, if any, of
(a) the amount of cash or other immediately available funds in the Reserve Account on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account relating to that Payment Date, over (b) the Specified
Reserve Account Balance. 
 “Responsible Officer” means, (a) with respect to the Indenture Trustee or Note
Registrar, any officer within the corporate trust department of the Indenture Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Indenture Trustee who
customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the
particular subject and who shall have direct responsibility for the administration of the Indenture, (b) with respect to the Owner Trustee, any officer within the Corporate Trust Office of the Owner Trustee and having direct responsibility for
the administration of the Issuer, including any Vice President, Assistant Vice President, Assistant Treasurer, Assistant Secretary, Finances Services Officer or any other officer customarily performing functions similar to those performed by any of
the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject and (c) with respect to the
Servicer or Depositor, any officer of such Person having direct responsibility for the transactions contemplated by the Transaction Documents, including the President, Treasurer or Secretary or any Vice President, Assistant Vice President, Assistant
Treasurer, Assistant Secretary, or any other officer customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred
because of such officer’s knowledge of and familiarity with the particular subject. 
 “Sale Agreement”
means the Sale Agreement, dated as of the Closing Date, among the Depositor and the Issuer, as the same may be amended, modified or supplemented from time to time. 

“Sarbanes Certification” has the meaning set forth in Section 7.15 of the Servicing Agreement.

  

					
		 	19	 	Definitions (BAAT 2010-2)

 “Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002, as amended,
modified or supplemented from time to time, and any successor law thereto. 
 “Schedule of Receivables” means,
as the context may require, the electronic data file setting forth account-level data identified by account number evidencing the Receivables that have been sold, assigned, transferred or contributed to the First Tier Purchaser by BANA, to the
Second Tier Purchaser by the First Tier Purchaser, to the Depositor by the Second Tier Purchaser and to the Issuer by the Depositor on the Closing Date, with such additions and deletions as made in accordance with the Transaction Documents.

 “Second Purchase Agreement” means the Purchase Agreement, dated as of the Closing Date, between the First
Tier Purchaser, as seller and the Second Tier Purchaser, as amended, modified or supplemented from time to time. 

“Second Tier Purchased Assets” has the meaning set forth in Section 2.1 of the Second Purchase Agreement.

 “Second Tier Purchaser” means BAASC. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Servicer” means BANA, in its capacity as servicer under the Servicing Agreement. 

“Servicing Agreement” means the agreement, dated as of the Closing Date, between BANA, as Servicer and Custodian, the
Issuer and the Indenture Trustee, as the same may be amended and supplemented from time to time. 
 “Servicing
Criteria” shall mean the “servicing criteria” set forth in Item 1122(d) of Regulation AB. 

“Servicing Fee” means, for any Payment Date, will be an amount equal to the product of (A) one twelfth,
(B) the Servicing Fee Rate and (C) the Pool Balance as of the first day of the related Collection Period. 

“Servicing Fee Rate” means 1.00% per annum. 

“Servicing Termination Event” has the meaning set forth in Section 6.1 of the Serving Agreement. 

“Similar Law” means any federal, state or local law that is substantially similar to Title I of ERISA or
Section 4975 of the Code. 
 “Simple Interest Method” means the method of calculating interest due on a
motor vehicle receivable on a daily basis based on the actual outstanding principal balance of the receivable on that date. 

“Simple Interest Receivable” means any motor vehicle receivable pursuant to which the payments due from the Obligors
during any month are allocated between interest, principal and 
  

					
		 	20	 	Definitions (BAAT 2010-2)

 
other charges based on the actual date on which a payment is received and for which interest is calculated using the Simple Interest Method. 

“Specified Reserve Account Balance” means, $3,375,018.53, which is approximately 0.25% of the aggregate Initial Pool
Balance. 
 “STAMP” has the meaning set forth in Section 2.4(d) of the Indenture. 

“Standard & Poor’s” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc., or any successor that is a nationally recognized statistical rating organization. 
 “State”
means any one of the 50 states of the United States of America or the District of Columbia. 
 “Statutory Trust
Act” means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. 
 “Supplemental
Servicing Fees” means any late fees, prepayment charges, extension fees and other administrative fees and expenses or similar charges allowed by applicable law collected (from whatever source) on the Receivables during each Collection
Period. 
 “Targeted Overcollateralization Amount” means, for any Payment Date, the greater of (a) 9.25%
of the Pool Balance on such Payment Date and (b) 7.25% of the Initial Pool Balance. 
 “Third Purchase
Agreement” means the Purchase Agreement, dated as of the Closing Date, between the Second Tier Purchaser, as seller and the Depositor, as amended, modified or supplemented from time to time. 

“Third Tier Purchased Assets” has the meaning set forth in Section 2.1 of the Third Purchase Agreement.

 “Third Tier Purchaser” means the Depositor. 

“TIA” or “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended and as in force on the
date hereof, unless otherwise specifically provided. 
 “Transaction Documents” means the Indenture, the Notes,
the Note Depository Agreement, the Sale Agreement, the Servicing Agreement, the First Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement, the Trust Agreement, the Account Control Agreement and the Administration
Agreement, as the same may be amended or modified from time to time. 
 “Transfer Agreements” means the First
Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement and the Sale Agreement. 
 “Treasury
Regulations” means regulations, including proposed or temporary regulations, promulgated under the Code. References to specific provisions of proposed or temporary 

 

					
		 	21	 	Definitions (BAAT 2010-2)

 
regulations shall include analogous provisions of final Treasury Regulations or other successor Treasury Regulations. 

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

“Trust Accounts” has the meaning set forth in Section 8.2(a)(ii) of the Indenture. 

“Trust Agreement” means the Trust Agreement, dated as of October 15, 2009, as amended and restated by the Amended
and Restated Trust Agreement, dated as of the Closing Date, between the Depositor and the Owner Trustee, as the same may be amended and supplemented from time to time. 

“Trust Estate” means all money, accounts, chattel paper, general intangibles, goods, instruments, investment property
and other property of the Issuer, including without limitation (i) the Purchased Assets, (ii) the rights of the Issuer to the funds on deposit from time to time in the Trust Accounts and any other account or accounts established pursuant
to the Indenture and all cash, investment property and other property from time to time credited thereto and all proceeds thereof (including investment earnings, net of losses and investment expenses, on amounts on deposit therein) and
(iii) all proceeds of the foregoing. 
 “UCC” means, unless the context otherwise requires, the Uniform
Commercial Code as in effect in the relevant jurisdiction, as amended from time to time. 
 “Underwriter” or
“Underwriters” means collectively, Banc of America Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and RBS Securities Inc., as underwriters of the Notes from Depositor.

 “Underwriting Agreement” means the Underwriting Agreement, dated as of June 16, 2010, among Banc
of America Securities LLC, as underwriter and as representative of the Underwriters, the other Underwriters party thereto, BANA and the Depositor. 

“United States,” “U.S.” or “USA” means the United States of America (including all
states, the District of Columbia, political subdivisions and territories thereof). 
 “U.S. Tax Person” means a
Person that is a “U.S. person” as defined in Section 7701(a)(30) of the Code, generally including: 
 (a) a
citizen or resident of the United States; 
 (b) a corporation or partnership organized in or under the laws of the United
States, any State or the District of Columbia; 
 (c) an estate, the income of which is includible in gross income for United
States tax purposes, regardless of its source; or 
  

					
		 	22	 	Definitions (BAAT 2010-2)

 (d) a trust if a U.S. court is able to exercise primary supervision over the administration
of the Trust and one or more U.S. Persons have the authority to control all substantial decisions of the Trust or a Trust that has elected to be treated as a U.S. Person. 

The foregoing definitions shall be equally applicable to both the singular and plural forms of the defined terms. Unless otherwise
inconsistent with the terms of this Agreement, all accounting terms used herein shall be interpreted, and all accounting determinations hereunder shall be made, in accordance with GAAP. Amounts to be calculated hereunder shall be continuously
recalculated at the time any information relevant to such calculation changes. 
  

					
		 	23	 	Definitions (BAAT 2010-2)Servicing Agreement, dated as of June 24, 2010

 Exhibit 10.5 

SERVICING AGREEMENT 

among 
 BANK
OF AMERICA, NATIONAL ASSOCIATION, 
 as Servicer and as Custodian 

BANK OF AMERICA AUTO TRUST 2010-2, 

as Issuer 
 and

 U.S. BANK NATIONAL ASSOCIATION, 

as Indenture Trustee 

Dated as of June 24, 2010 

					
	ARTICLE I      DEFINITIONS AND USAGE	  	1
			
	      Section 1.1.	  	 Definitions
	  	1
		
	ARTICLE II      SERVICER AS CUSTODIAN	  	1
			
	      Section 2.1.	  	 Custody of Receivable Files
	  	1
	      Section 2.2.	  	 Effective Period, Termination, and Amendment; Interpretive and Additional Provisions
	  	2
		
	ARTICLE III      ADMINISTRATION AND SERVICING OF RECEIVABLES AND PURCHASED PROPERTY	  	3
			
	      Section 3.1.	  	 Duties of Servicer
	  	3
	      Section 3.2.	  	 Collection of Receivable Payments
	  	4
	      Section 3.3.	  	 Realization Upon Receivables
	  	5
	      Section 3.4.	  	 Allocations of Collections
	  	6
	      Section 3.5.	  	 Maintenance of Security Interests in Financed Vehicles
	  	6
	      Section 3.6.	  	 Covenants of Servicer
	  	6
	      Section 3.7.	  	 Purchase of Receivables Upon Breach by the Servicer
	  	6
	      Section 3.8.	  	 Servicing Fee and Supplemental Servicing Fee Payable to the Servicer
	  	7
	      Section 3.9.	  	 Annual Statement as to Compliance; Notice of Servicer Termination Event
	  	7
	      Section 3.10.	  	 Servicer Expenses
	  	8
	      Section 3.11.	  	 Annual Registered Public Accounting Firm Attestation Report
	  	8
	      Section 3.12.	  	 1934 Act Filings
	  	8
	      Section 3.13.	  	 Form 15.
	  	8
		
	ARTICLE IV      DISTRIBUTIONS; STATEMENTS	  	9
			
	      Section 4.1.	  	 Deposits into Collection Account
	  	9
	      Section 4.2.	  	 Net Remittances; Retention of Servicing Fees
	  	9
	       Section 4.3.
	  	 Statements to Issuer
	  	9
		
	ARTICLE V      THE SERVICER	  	9
			
	      Section 5.1.	  	 Representations of Servicer
	  	9
	      Section 5.2.	  	 Indemnities of Servicer
	  	11
	      Section 5.3.	  	 Merger or Consolidation of, or Assumption of the Obligations of, Servicer
	  	11
	      Section 5.4.	  	 Limitation on Liability of Servicer and Others
	  	11
	      Section 5.5.	  	 Subservicer and Delegation of Duties
	  	12
	      Section 5.6.	  	 Servicer Not to Resign as Servicer
	  	12
	      Section 5.7.	  	 Servicer May Own Notes or Certificates
	  	12
	      Section 5.8.	  	 Sarbanes-Oxley Act Requirements
	  	13
		
	ARTICLE VI      SERVICING TERMINATION	  	13
			
	      Section 6.1.	  	 Servicer Termination Events
	  	13
	      Section 6.2.	  	 Appointment of Successor Servicer
	  	14

  

					
		  	i	  	Servicing Agreement (BAAT 2010-2)

					
	      Section 6.3.	  	 Notification to Noteholders and Certificateholders
	  	15
	      Section 6.4.	  	 Waiver of Past Servicer Termination Events
	  	15
	      Section 6.5.	  	 Termination
	  	16
	      Section 6.6.	  	 Optional Purchase of All Receivables
	  	16
		
	ARTICLE VII      MISCELLANEOUS PROVISIONS	  	16
			
	      Section 7.1.	  	 Amendment
	  	16
	      Section 7.2.	  	 Counterparts
	  	17
	      Section 7.3.	  	 GOVERNING LAW
	  	18
	      Section 7.4.	  	 Submission to Jurisdiction; Waiver of Jury Trial
	  	18
	      Section 7.5.	  	 Headings and Cross-References
	  	18
	      Section 7.6.	  	 Notices
	  	18
	      Section 7.7.	  	 Severability of Provisions
	  	18
	      Section 7.8.	  	 Further Assurances
	  	19
	      Section 7.9.	  	 Waivers
	  	19
	      Section 7.10.	  	 Cumulative Remedies
	  	19
	      Section 7.11.	  	 Third-Party Beneficiaries
	  	19
	      Section 7.12.	  	 Nonpetition Covenant
	  	19
	      Section 7.13.	  	 Limitation of Liability
	  	19
	      Section 7.14.	  	 Regulation AB
	  	20
	      Section 7.15.	  	 Information to Be Provided by the Indenture Trustee
	  	20
	      Section 7.16.	  	 Form 8-K Filings
	  	21
	      Section 7.17.	  	 Indemnification
	  	21

  

					
		  	ii	  	Servicing Agreement (BAAT 2010-2)

			
	EXHIBIT A	  	 FORM OF MONTHLY SERVICER REPORT

		
	EXHIBIT B	  	SERVICING CRITERIA TO BE ADDRESSED IN INDENTURE TRUSTEE’S ASSESSMENT OF COMPLIANCE
		
	EXHIBIT C	  	 FORM OF INDENTURE TRUSTEE’S ANNUAL CERTIFICATION

 

					
		  	iii	  	Servicing Agreement (BAAT 2010-2)

 This SERVICING AGREEMENT, (as amended, modified or supplemented from time to time, this
“Agreement”), is made as of June 24, 2010 among Bank of America, National Association, a national banking association (“BANA”), as servicer (in such capacity, the “Servicer”) and as custodian
(in such capacity, the “Custodian”), Bank of America Auto Trust 2010-2, a Delaware statutory trust, as issuer (the “Issuer”), and U.S. Bank National Association, a national banking association, as indenture trustee
(the “Indenture Trustee” and together with the Servicer, the Custodian, the Indenture Trustee and the Issuer, the “Parties” and each a “Party”). 

1. The Issuer purchased a specified portfolio of receivables consisting of motor vehicle installment loans and retail installment sales
contracts and related property from Bank of America Auto Receivables Securitization, LLC, a Delaware limited liability company (the “Depositor”). 

2. The Servicer is willing to service, on behalf of the Issuer, the Receivables. 

3. The Servicer is willing to act as the custodian, on behalf of the Issuer, of the Receivables and related property. 

In consideration of the foregoing, other good and valuable consideration, and the mutual terms and covenants contained herein, the
Parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS AND USAGE 

Section 1.1. Definitions. Certain capitalized terms used in the above recitals and in this Agreement are defined in and shall
have the respective meanings assigned to them in Appendix A to the Sale Agreement, dated as of the Closing Date, as amended, modified or supplemented from time to time, between the Depositor and the Issuer. All references herein to
“the Agreement” or “this Agreement” are to this Servicing Agreement as it may be amended, supplemented or modified from time to time, the exhibits and attachments hereto and the capitalized terms used herein which
are defined in such Appendix A, and all references herein to Articles, Sections and subsections are to Articles, Sections or subsections of this Agreement unless otherwise specified. The rules of construction and usage set forth in such
Appendix A shall be applicable to this Agreement. 
 ARTICLE II 

SERVICER AS CUSTODIAN 

Section 2.1. Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative
costs, the Indenture Trustee, upon the execution and delivery of this Agreement, hereby revocably appoints BANA to act as Custodian, and BANA hereby accepts such appointment, to act solely as the agent for the Indenture Trustee, as pledgee of the
Issuer and as custodian of the following documents or instruments, which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Issuer pursuant to the 

 

					
		  		  	Servicing Agreement (BAAT 2010-2)

 
Indenture (collectively, the “Receivable Files”) with respect to each Receivable (but only to the extent applicable to such Receivable and only to the extent held in tangible
paper form): 
 (a) the fully executed original of the installment sale contract or the promissory note and security agreement,
as applicable, for such Receivable (with respect to tangible chattel paper) or an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of the Receivable (with respect to electronic chattel paper) or, if no such
original executed Receivable or authoritative copy exists, a copy thereof, including any written amendment or extensions thereto; provided, however, that an authoritative copy may be held by a third party service provider; 

(b) the original credit application, an electronic image thereof or a photocopy thereof to the extent held in paper form; 

(c) the original Certificate of Title for the related Financed Vehicle (or evidence that such certificate of title has been applied for)
or such other documents (electronic or otherwise, as used in the applicable jurisdiction) that the Servicer will keep on file, in accordance with its normal policies and procedures, evidencing the security interest of BANA, as first lienholder or
secured party, in such Financed Vehicle; provided, however, that in lieu of being held in the Receivable File, the Certificate of Title may be held by a third party service provider engaged by the servicer to obtain or to hold the Certificate
of Title; and 
 (d) any and all other documents that the Servicer keeps on file in accordance with its Customary Servicing
Practices relating to the individual Receivable, Obligor or Financed Vehicle. 
 The Issuer and the Indenture Trustee shall have
no responsibility to monitor the Servicer’s performance as custodian and shall have no liability in connection with the Servicer’s performance of such duties hereunder. 

The Custodian hereby acknowledges receipt of the Receivable Files for each Receivable listed on the Schedule of Receivables. 

Section 2.2. Effective Period, Termination, and Amendment; Interpretive and Additional Provisions. The Servicer’s
appointment as Custodian has become effective as of the Cut-Off Date and will continue in full force and effect until terminated as herein provided. The Servicer shall not resign from the obligations and duties imposed on it by this Agreement as
Custodian except upon the reasonable determination by the Servicer that the performance of its duties herein is no longer permissible under applicable law. No such resignation shall become effective until a successor Custodian shall have assumed the
responsibilities and obligations of the Custodian in accordance with Section 6.2. If BANA resigns as Servicer in accordance with the provisions of this Agreement or if all of the rights and obligations of the Servicer are terminated
under Section 6.1, the appointment of the Servicer as Custodian hereunder will be terminated. As soon as practicable after any termination under this Section 2.2 the Custodian at its expense will deliver to the Indenture
Trustee or the Indenture Trustee’s designee, the Receivable Files and the related accounts and Records maintained by the Custodian at such place or places as the Indenture Trustee may reasonably designate provided, however, that
with respect 
  

					
		  	2	  	Servicing Agreement (BAAT 2010-2)

 
to authoritative copies of the Receivables constituting electronic chattel paper, the Servicer, as Custodian, in its sole discretion, shall either (i) continue to hold any such authoritative
copies on behalf of the Issuer and the Indenture Trustee or the Indenture Trustee’s agent or (ii) deliver copies of such authoritative copies and destroy the authoritative copies maintained by the Servicer prior to its termination such
that such copy delivered to the Indenture Trustee or the Indenture Trustee’s agent becomes the authoritative copy of the Receivable constituting electronic chattel paper. 

ARTICLE III 

ADMINISTRATION AND SERVICING OF 

RECEIVABLES AND PURCHASED PROPERTY 

Section 3.1. Duties of Servicer. Effective as of the Cut-Off Date, the Servicer is hereby appointed and authorized to act as
agent for the Issuer and in such capacity shall manage, service, administer, make collections on, and make remittances with respect to, the Receivables in accordance with its Customary Servicing Practices, using that degree of skill and attention
that the Servicer exercises with respect to comparable automotive receivables that it services for itself or others. The Servicer hereby accepts such appointment and authorization and agrees to perform the duties of Servicer set forth herein. The
Servicer’s duties shall include tracking the balances of outstanding Receivables, notifying Obligors of the amounts and due dates of their required payments, communicating with Obligors regarding their accounts and seeking to collect overdue
payments. The Servicer is not required under the Transaction Documents to make any disbursements via wire transfer or otherwise on behalf of an Obligor. There are no requirements under the Receivables or the Transaction Documents for funds to be,
and funds shall not be, held in trust for an Obligor. No payments or disbursements shall be made by the Servicer on behalf of an Obligor. Subject to the provisions of Section 3.2, the Servicer shall follow its Customary Servicing
Practices and shall have full power and authority, acting alone, to do any and all things in connection with such managing, servicing, administration and collection that it may deem necessary or desirable. Without limiting the generality of the
foregoing, the Servicer is hereby authorized and empowered, pursuant to this Section 3.1, to execute and deliver, on behalf of itself or the Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders, the Certificateholder, or any
of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables and the Financed Vehicles. The Servicer is hereby authorized to
commence, in its own name or in the name of the Issuer, a legal Proceeding to enforce a Receivable as contemplated by Section 3.3, to enforce all obligations or participate in a legal Proceeding (including without limitation a bankruptcy
Proceeding) relating to or involving a Receivable including a Defaulted Receivable. If the Servicer commences or participates in such a legal Proceeding in its own name, the Servicer is hereby authorized and empowered by the Issuer pursuant to this
Section 3.1 to obtain possession of the related Financed Vehicle and immediately and without further action on the part of the Issuer or the Servicer, the Issuer shall thereupon automatically assign in trust such Receivable and the
security interest in the related Financed Vehicle to the Servicer for the benefit of the Issuer for purposes of commencing or participating in any such Proceeding as a party or claimant. Upon such automatic assignment, the Servicer will be, and will
have all the rights and duties of, a secured party under the UCC and other applicable law with respect to such Receivable and the related Financed Vehicle. At the 

 

					
		  	3	  	Servicing Agreement (BAAT 2010-2)

 
Servicer’s request from time to time, the Issuer shall provide the Servicer with evidence of the assignment in trust for the benefit of the Issuer, as applicable, as may be reasonably
necessary for the Servicer to take any of the actions set forth in the following sentence. The Servicer is hereby authorized and empowered by the Issuer and the Indenture Trustee to execute and deliver in the Servicer’s name any notices,
demands, claims, complaints, responses, affidavits or other documents or instruments in connection with any such Proceeding. If in any enforcement suit or legal proceeding it shall be held that the Servicer may not enforce a Receivable on the
grounds that it shall not be a real party in interest or a holder entitled to enforce such Receivable, the Issuer shall, at the Servicer’s expense and direction, take steps to enforce such Receivable, including bringing suit in the name of the
Issuer. The Issuer shall furnish the Servicer with any powers of attorney and other documents and take any other steps which the Servicer may deem necessary or appropriate to enable the Servicer to carry out its duties herein. Except to the extent
required by the preceding two sentences, the authority and rights granted to the Servicer in this Section 3.1 shall be nonexclusive and shall not be construed to be in derogation of the retention by the Issuer or the Indenture Trustee of
equivalent authority and rights. 
 Section 3.2. Collection of Receivable Payments. (a) The Servicer will make
reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same become due in accordance with its Customary Servicing Practices. Subject to clause (b) of this Section and
Section 3.6, the Servicer may grant waivers, extensions, deferrals, alterations, amendments, modifications or adjustments with respect to any Receivable in accordance with its Customary Servicing Practices; provided,
however, that if the Servicer (i) extends the date for final payment by the Obligor of any Receivable beyond the last day of the Collection Period preceding the Final Scheduled Payment Date for the latest maturing Class of Notes (such
extension, a “Post-Maturity Term Extension”), or (ii) reduces the Annual Percentage Rate or the Amount Financed with respect to any Receivable (such reduction, a “Reduction Event”) other than as required by
applicable law (including, without limitation, by the Servicemembers Civil Relief Act) or by court order it will promptly purchase such Receivable in the manner provided in Section 3.7; provided, further, that the Servicer
shall not make any modification described in the preceding proviso that would trigger a purchase pursuant to the above provisions or pursuant to Section 3.7, in either case for the sole purpose of enabling the Servicer to purchase a
Receivable from the Issuer. The Servicer shall not be required to make any advances of funds or guarantees regarding collections, cash flows or distributions. Payments on the Receivables, including payoffs, made in accordance with the related
documentation for such Receivables, shall be posted to the Servicer’s records related to such Receivables in accordance with the its Customary Servicing Practices. Such payments shall be allocated to principal, interest or other items in
accordance with the related documentation for such Receivables. 
 (b) Notwithstanding anything in Section 3.2(a) to
the contrary, the Servicer may grant extensions, deferrals, amendments, modifications or adjustments with respect to any Receivable only if at least one of the following conditions has been satisfied: (i) any such extension, deferral,
amendment, modification or adjustment is administrative, promotional or ministerial in nature (for example, the change is to the payment due date of a Receivable); (ii) the Obligor is in payment default or, in the judgment of the Servicer, it
is reasonably foreseeable that the Obligor will default (it being understood that the Servicer may proactively contact any Obligor whom the Servicer believes may be at higher risk of a payment default under the related Receivable (for

  

					
		  	4	  	Servicing Agreement (BAAT 2010-2)

 
example, in connection with natural disasters impacting the geographic region in which such Obligor resides)); (iii) the Obligor has notified the Servicer of a financial difficulty that
impacts such Obligor’s ability to make a scheduled payment on time; or (iv) any such extension, deferral, amendment, modification or adjustment is a “payment holiday” or “skip-a-pay” extension granted to an Obligor in
accordance with the Servicer’s Customary Servicing Practices. 
 (c) The Servicer may in its discretion waive any late
payment charge or any other fees that may be collected in the ordinary course of servicing a Receivable. 
 (d) The Servicer
shall distribute to the applicable Obligor any rebates or refunds of premiums with respect to the cancellation or termination of any insurance policy, extended warranty or service contract required by law or contract to be returned to such Obligor
(but only to the extent such amounts are actually received by the Servicer). 
 (e) Records documenting collection efforts with
respect to any Receivable shall be maintained by the Servicer during the period a Receivable is delinquent in accordance with the Servicer’s Customary Servicing Practices. Such records shall be maintained on at least a periodic basis that is
not less frequent than the Servicer’s Customary Servicing Practices, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where
delinquency is deemed temporary (e.g., illness or unemployment) in accordance with the Servicer’s Customary Servicing Practices. 

(f) The Servicer shall not be required to maintain a fidelity bond or errors and omissions policy. 

Section 3.3. Realization Upon Receivables. On behalf of the Issuer, the Servicer shall use commercially reasonable efforts,
consistent with its Customary Servicing Practices, to repossess or otherwise convert the ownership of the Financed Vehicle securing any Receivable as to which the Servicer has determined eventual payment in full is unlikely unless it determines in
its sole discretion that repossession will not increase the Liquidation Proceeds by an amount greater than the expense of such repossession or that the proceeds ultimately recoverable with respect to such Receivable would be increased by
forbearance. The Servicer is authorized to follow such Customary Servicing Practices as it follows in its servicing of comparable motor vehicle receivables, which practices, policies and procedures may include selling the Financed Vehicles at public
or private sale and other actions by the Servicer in order to realize upon such a Receivable. The foregoing is subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not be required to
expend funds in connection with any repair or towards the repossession of such Financed Vehicle unless it shall reasonably determine in its discretion that such repair and/or repossession shall increase the proceeds of liquidation of the related
Receivable by an amount greater than the amount of such expenses. After repossession of a Financed Vehicle, the Servicer shall in accordance with its Customary Servicing Practices sell such Financed Vehicle in a public or private sale as soon as is
practicable after repossession, subject to any applicable laws. The Servicer is authorized to take any and all actions necessary or appropriate on behalf of the Issuer to evidence the sale of the Financed Vehicle at public or private sale free from
any Lien or other interest of the Issuer or the Indenture Trustee. The Servicer shall be entitled to receive Liquidation Expenses with respect to 

 

					
		  	5	  	Servicing Agreement (BAAT 2010-2)

 
each Defaulted Receivable at such time as the Receivable becomes a Defaulted Receivable from the related Liquidation Proceeds. 

If the Depositor purchases any Deficiency Balance pursuant to Section 3.7(b) of the Sale Agreement, net proceeds of any such sale
allocable to the related Receivable will constitute Liquidation Proceeds, and the sole right of the Issuer and the Indenture Trustee with respect to any such Receivable will be to receive such Liquidation Proceeds. Upon such sale, (i) the
Indenture Trustee shall release the lien on any Deficiency Balance sold to the Depositor and (ii) the Servicer will mark its computer records indicating that any such Receivable has been sold. 

Section 3.4. Allocations of Collections. If an Obligor is obligated under one or more Receivables and also under one or more
other assets owned by the Servicer or assigned to a third party, then any payment on any such asset received from or on behalf of such Obligor will, if identified as being made with respect to a particular item or asset, be applied to such item, and
otherwise will be allocated by the Servicer in accordance with its Customary Servicing Practices. 
 Section 3.5.
Maintenance of Security Interests in Financed Vehicles. The Servicer shall, in accordance with its Customary Servicing Practices and at its own expense, take such steps as are necessary to maintain perfection of the security interest created
by each Receivable in the related Financed Vehicle. It is understood that the Financed Vehicles are the collateral and security for the Receivables, but that the Certificate of Title with respect to a Financed Vehicle does not constitute collateral
and merely evidences such security interest. The Issuer hereby authorizes the Servicer to re-perfect such security interest on behalf of the Issuer and the Indenture Trustee, as necessary because of the relocation of a Financed Vehicle, or for any
other reason. 
 Section 3.6. Covenants of Servicer. Unless required by law (including, without limitation, by the
Servicemembers Civil Relief Act) or court order, the Servicer will not release the Financed Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (i) in the event of payment in
full by or on behalf of the Obligor thereunder or payment in full less a deficiency which the Servicer would or would not attempt to collect in accordance with its Customary Servicing Practices, (ii) in connection with repossession or
(iii) except as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such Financed Vehicle. 

Section 3.7. Purchase of Receivables Upon Breach by the Servicer. Upon discovery by any party to this Agreement of (i) a
Post-Maturity Term Extension or a Reduction Event as contemplated by Section 3.2 or (ii) a breach of any of the covenants set forth in Sections 3.5 or 3.6 that materially and adversely affects the interest of the
Noteholders, the party discovering such event described in clause (i) or (ii) herein shall give prompt written notice thereof to the other party hereto; provided, that delivery of the Monthly Servicer Report, which
identifies Receivables that are being or have been purchased, shall be deemed to constitute prompt notice of such event; provided, further, the failure to give such notice shall not affect any obligation of the Servicer hereunder. If
(i) either a Post-Maturity Term Extension or Reduction Event occurs with respect to any Receivable or (ii) a breach of any of the covenants set forth in Sections 3.5 or 3.6 materially and adversely affects the interests
of the Noteholders, then the Servicer shall either (i) correct or cure such breach or (ii) purchase such Receivable from the holder thereof, in either 

 

					
		  	6	  	Servicing Agreement (BAAT 2010-2)

 
case on or before the last day of the second Collection Period (or, at the option of the Servicer, the last day of the first Collection Period) following the date the Servicer became aware of or
was notified of such breach. Any such breach or failure of the covenants set forth in Sections 3.5 or 3.6 will be deemed to not have a material and adverse effect if such breach or failure does not affect the ability of the Issuer
(or its assignee) to collect, receive and retain timely payment in full on such Receivable, including Liquidation Proceeds. Any such purchase by the Servicer shall be at a price equal to the related Repurchase Price. In consideration for such
purchase, the Servicer shall make a payment to the Issuer equal to the Repurchase Price by depositing such amount into the Collection Account on the Business Day prior to the Payment Date immediately following the date of such repurchase. Upon
receipt by the Issuer of such Repurchase Price by the Servicer, the Issuer shall (and shall cause the Indenture Trustee to) release and execute and deliver such instruments of release, transfer or assignment, in each case without recourse or
representation, as may be reasonably requested by the Servicer to evidence such release, transfer or assignment or more effectively vest in the Servicer or its designee all of the Issuer’s rights (and, if applicable, the Indenture
Trustee’s rights and security interest) in any Receivable and related Purchased Assets repurchased pursuant to this Section 3.7. It is understood and agreed that the right to cause the Servicer to purchase any Receivable as
described above shall constitute the sole remedy (except as provided in Section 5.2 of this Agreement) against the Servicer for such breach available to the Issuer. 

Section 3.8. Servicing Fee and Supplemental Servicing Fee Payable to the Servicer. (a) Servicing Fee. To
compensate the Servicer for services rendered under this Agreement and the other Transaction Documents, the Issuer will pay the Servicer the Servicing Fee from the Cut-Off Date until the earliest to occur of: 

 

	 	(i)	resignation of the Servicer pursuant to Section 5.6; 

  

	 	(ii)	termination of the Servicer pursuant to Section 6.2; or 

  

	 	(iii)	the Termination Date (as defined in Section 6.5). 

Such Servicing Fee will be payable by the Issuer on each Payment Date in accordance with Sections 5.4(b) and 8.4(a) of
the Indenture. 
 (b) Supplemental Servicing Fee. In addition to the Servicing Fee, and as additional compensation for
its services rendered under this Agreement, the Servicer will be entitled to retain any late fees, prepayment charges, extension fees and other administrative fees and expenses or similar charges allowed by applicable law collected (from whatever
source) on the Receivables during each Collection Period (such amounts, the “Supplemental Servicing Fee”). 

Section 3.9. Annual Statement as to Compliance; Notice of Servicer Termination Event. (a) So long as the Depositor is
filing any reports with respect to the Issuer under the Exchange Act, the Servicer will deliver to the Issuer, with a copy to the Indenture Trustee, on or before March 30 of each year beginning March 30, 2011, an Officer’s Certificate
(with appropriate insertions), providing such information as is required under Item 1123 of Regulation AB. 
  

					
		  	7	  	Servicing Agreement (BAAT 2010-2)

 (b) The Servicer will deliver to the Issuer, with a copy to the Indenture Trustee and the
Administrator promptly after having obtained knowledge thereof, notice of the occurrence of any Servicer Termination Event. Except to the extent set forth in this Sections 3.9(b), 6.3 and 7.16 of this Agreement and Sections 3.12
and 6.5 of the Indenture, the Transaction Documents do not require any policies or procedures to monitor any performance or other triggers and Events of Default. 

(c) So long as the Depositor is filing any reports with respect to the Issuer under the Exchange Act, the Servicer will deliver to the
Issuer, on or before March 30 of each year, beginning on March 30, 2011, a report regarding the Servicer’s assessment of compliance with the Servicing Criteria during the immediately preceding calendar year, including disclosure of
any material instance of non-compliance identified by the Servicer, as required under paragraph (b) of Rule 13a-18, Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 

Section 3.10. Servicer Expenses. Subject to any limitations on the Servicer’s liability herein, the Servicer will be
required to pay all expenses incurred by it in connection with its activities hereunder, including fees, expenses and disbursements of any independent accountants and taxes imposed on the Servicer, except expenses incurred in realizing upon
Receivables under Section 3.3. 
 Section 3.11. Annual Registered Public Accounting Firm
Attestation Report. So long as the Depositor is filing any reports with respect to the Issuer under the Exchange Act, on or before
March 30th of each year, beginning March, 30, 2011,
the Servicer shall cause a registered public accounting firm, who may also render other services to the Servicer or to its Affiliates, to furnish to the Servicer and the Depositor, each attestation report on assessments of compliance with the
Servicing Criteria with respect to the Servicer or any Affiliate thereof during the related fiscal year delivered by such accountants pursuant to paragraph (c) of Rule 13a-18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation
AB. The certification required by this paragraph may be replaced by any similar certification using other procedures or attestation standards which are now or in the future in use by servicers of comparable assets, or which otherwise comply with any
rule, regulation, “no action” letter or similar guidance promulgated by the Commission. 
 Section 3.12. 1934
Act Filings. The Issuer hereby authorizes the Servicer and the Depositor, or either of them, to prepare, sign, certify and file any and all reports, statements and information respecting the Issuer and/or the Notes required to be filed pursuant
to the Exchange Act and the rules thereunder. 
 Section 3.13. Form 15. The Depositor shall file a Form 15 (or
applicable successor form) to suspend the Depositor’s reporting obligations with respect to the Issuer under the Exchange Act as soon as legally permissible (absent a change in circumstances making such a filing, in the judgment of the
Depositor, imprudent). 
  

					
		  	8	  	Servicing Agreement (BAAT 2010-2)

 ARTICLE IV 

DISTRIBUTIONS; STATEMENTS 

Section 4.1. Deposits into Collection Account. 

(a) If the Monthly Remittance Condition is satisfied with respect to the Servicer, then on the Business Day prior to each Payment Date,
the Servicer shall remit into the Collection Account an amount equal to all Collections on the Receivables received by the Servicer during the related Collection Period; provided, however, that such remittance may be made net of
Servicing Fees and unpaid Servicing Fees in accordance with Section 4.2(b). Pending deposit in the Collection Account, Collections may be used by the Servicer at its own risk and are not required to be segregated from its own funds.

 (b) If the Monthly Remittance Condition is not satisfied with respect to the Servicer, then the Servicer shall deposit an
amount equal to all Collections on the Receivables received by the Servicer into the Collection Account within two Business Days of identification by the Servicer. 

Section 4.2. Net Remittances; Retention of Servicing Fees. (a) Supplemental Servicing Fees may be retained by the
Servicer, and need not be deposited into the Collection Account. 
 (b) The amount deposited in the Collection Account may be
net of the Servicing Fee and any unpaid Servicing Fee owed to the Servicer, provided, however, that such amounts will be listed separately on the Monthly Servicer Report as if such amounts were distributed to the Servicer separately.

 (c) The Servicer may select Eligible Investments with respect to funds on deposit in the Collection Account and the Reserve
Account in accordance with Section 8.3 of the Indenture. 
 Section 4.3. Statements to Issuer. On or
before each Determination Date, the Servicer will deliver to the Issuer and the Indenture Trustee with respect to all of the Receivables on an aggregate basis a monthly servicer report substantially in the form attached hereto as Exhibit A
(each, a “Monthly Servicer Report”). The Indenture Trustee shall not be responsible for verifying or confirming the accuracy of the information provided to it by or at the direction of the Servicer. No disbursements shall be made
directly by the Servicer to a Noteholder, and the Servicer shall not be required to maintain any investor record relating to the posting of disbursements or otherwise. 

ARTICLE V 
 THE
SERVICER 
 Section 5.1. Representations of Servicer. The Servicer makes the following representations as of the
Cut-Off Date and as of the Closing Date: 
 (a) Existence and Power. The Servicer is a national banking association
validly existing and in good standing under the laws of the United States and has, in all material 
  

					
		  	9	  	Servicing Agreement (BAAT 2010-2)

 
respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute, deliver and perform its obligations under the Transaction Documents
to which it is a party or affect the enforceability or collectibility of the Receivables or any other part of the Purchased Assets. The Servicer 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 Servicer to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Purchased Assets. 

(b) Authorization and No Contravention. The execution, delivery and performance by the Servicer of the Transaction Documents to
which it is a party have been duly authorized by all necessary action on the part of the Servicer and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its organizational documents or
(iii) any material indenture or material agreement or instrument to which the Servicer is a party or by which its properties are bound (other than violations of such laws, rules, regulations, indentures or agreements 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 Servicer’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 Servicer 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 Purchased
Assets or would not materially and adversely affect the ability of the Servicer to perform its obligations under the Transaction Documents. 

(d) Binding Effect. Each Transaction Document to which the Servicer is a party constitutes the legal, valid and binding obligation
of the Servicer enforceable against the Servicer 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 banks from time to time in effect or by general principles of equity. 

(e) No Proceedings. There are no actions, orders, suits or Proceedings pending or, to the knowledge of the Servicer, threatened
against the Servicer before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance of the Notes or the consummation
of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by the Servicer of its obligations under this
Agreement or any of the other Transaction Documents or have a material adverse effect on the Noteholders or (iv) relating to the Servicer that would materially and adversely affect the federal or Applicable Tax State income, excise, franchise
or similar tax attributes of the Notes. 
  

					
		  	10	  	Servicing Agreement (BAAT 2010-2)

 Section 5.2. Indemnities of Servicer. The Servicer shall be liable in accordance
with this Agreement only to the extent of the obligations in this Agreement specifically undertaken by the Servicer. Such obligations shall include the following: 

(a) The Servicer will compensate and indemnify the Indenture Trustee to the extent and subject to the conditions set forth in
Section 6.7 of the Indenture. The Servicer will compensate and indemnify the Owner Trustee to the extent and subject to the conditions set forth in Section 8.1 and 8.2 of the Trust Agreement. The Servicer will
compensate and indemnify the Administrator to the extent and subject to the conditions set forth in Section 3 of the Administration Agreement. 

(b) The Servicer shall defend, indemnify and hold harmless the Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders, the
Certificateholder and the Depositor from and against any and all costs, expenses, losses, damages, claims and liabilities, arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of a Financed
Vehicle. 
 (c) Indemnification under this Section 5.2 by Servicer (or any successor thereto) pursuant to
Sections 5.3 and 5.6, as Servicer, with respect to the period such Person was the Servicer, shall survive the termination of such Person as Servicer or a resignation by such Person as Servicer as well as the termination of this
Agreement or the resignation or removal of the Owner Trustee or the Indenture Trustee and shall include reasonable fees and expenses of counsel and expenses of litigation. If the Servicer shall have made any indemnity payments pursuant to this
Section 5.2 and the Person to or on behalf of whom such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Servicer, without interest. 

Section 5.3. Merger or Consolidation of, or Assumption of the Obligations of, Servicer. Any corporation or other entity
(a) into which the Servicer may be merged or consolidated, (b) resulting from any merger, conversion or consolidation to which the Servicer shall be a party, (c) succeeding to the business of the Servicer, or (d) more than 50% of
the voting stock (or, if not a corporation, other voting interests) of which is owned directly or indirectly by BAC, which corporation or other entity in any of the foregoing cases executes an agreement of assumption to perform every obligation of
the Servicer under the Transaction Documents, shall be the successor to the Servicer under the Transaction Documents without the execution or filing of any paper or any further act on the part of any of the Parties to this Agreement, anything in the
Transaction Documents to the contrary notwithstanding. The Servicer shall provide notice of any merger, consolidation or succession pursuant to this Section 5.3 to the Issuer and the Indenture Trustee. 

Section 5.4. Limitation on Liability of Servicer and Others. (a) None of the Servicer, the Custodian or any of the
directors, officers, employees or agents of the Servicer or the Custodian shall be under any liability to the Indenture Trustee, the Issuer, the Noteholders or any other Person for any action it takes or omits to take in good faith which it believes
to be authorized or within its rights or powers, unless the Servicer’s or Custodian’s conduct, as applicable, constitutes willful misconduct, negligence or bad faith. The Servicer, the Custodian and any director, officer or employee or
agent of the Servicer or the Custodian may reasonably 
  

					
		  	11	  	Servicing Agreement (BAAT 2010-2)

 
rely in good faith on the advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement or under
the other Transaction Documents. 
 (b) Except as provided in this Agreement, neither the Servicer nor the Custodian shall be
under any obligation to appear in, prosecute or defend any legal action that is not incidental to its duties to service, or with respect to custody of, the Receivables in accordance with this Agreement and that in its opinion may involve it in any
expense or liability; provided, however, that the Servicer or the Custodian may undertake any reasonable action that it may deem necessary or desirable in respect of the Transaction Documents and the rights and duties of the Parties to
the Transaction Documents and the interests of the Issuer in the Transaction Documents. In such event, the legal expenses and costs for such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Servicer except
to the extent otherwise provided herein. 
 Section 5.5. Subservicer and Delegation of Duties. The Servicer may, at
any time without notice or consent, delegate (a) any or all of its duties (including, without limitation, its duties as Custodian) under the Transaction Documents to any of its Affiliates or (b) specific duties (including, without
limitation, its duties as Custodian) to sub-contractors who are in the business of performing such duties; provided, that no such delegation or subcontracting will relieve the Servicer of its responsibilities with respect to such duties as to
which the Servicer will remain primarily responsible with respect thereto and the Servicer will be solely responsible for the fees of any such sub-contractors. For any servicing activities delegated to third parties in accordance with this
Section 5.5, the Servicer shall follow such policies and procedures to monitor the performance of such third parties and compliance with such servicing activities as the Servicer follows with respect to comparable motor vehicle
receivables serviced by the Servicer for its own account. 
 Section 5.6. Servicer Not to Resign as Servicer.
Subject to the provisions of Section 5.3, the Servicer shall not resign from its obligations and duties under this Agreement except upon the mutual consent of the Servicer, the Indenture Trustee and the Issuer or upon its determination
that the performance of its duties under this Agreement shall no longer be permissible under applicable law. Notice of any such determination permitting the resignation of the Servicer shall be communicated to the Owner Trustee and the Indenture
Trustee at the earliest practicable time (and, if such communication is not in writing, shall be confirmed in writing at the earliest practicable time) and any such determination shall be evidenced by an Opinion of Counsel to such effect delivered
to the Issuer, and the Indenture Trustee concurrently with or promptly after such notice. No such resignation shall become effective until the Indenture Trustee or a successor Servicer shall have (i) taken the actions required by
Section 6.2, (ii) assumed the responsibilities and obligations of the Servicer and (iii) provided in writing the information reasonably requested by the Depositor to comply with its reporting obligation under the Exchange Act
with respect to any replacement Servicer. 
 Section 5.7. Servicer May Own Notes or Certificates. The Servicer, and
any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Notes or Certificates with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as otherwise
expressly provided herein or in the other Transaction 
  

					
		  	12	  	Servicing Agreement (BAAT 2010-2)

 
Documents. Except as set forth herein or in the other Transaction Documents, Notes and Certificates so owned by or pledged to the Servicer or such Affiliate shall have an equal and proportionate
benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Notes and Certificates, except as specifically provided for in the Transaction Documents. 

Section 5.8. Sarbanes-Oxley Act Requirements. To the extent any documents are required to be filed or any certification is
required to be made with respect to the Issuer or the Notes pursuant to the Sarbanes-Oxley Act, the Issuer hereby authorizes the Servicer and the Depositor, or either of them, to prepare, sign, certify and file any such documents or certifications
on behalf of the Issuer. 
 ARTICLE VI 

SERVICING TERMINATION 

Section 6.1. Servicer Termination Events. (a) If any one or more of the following events (“Servicer Termination
Event”) shall occur and be continuing: 
 (i) any failure by the Servicer to deliver to the Indenture Trustee any
payment required to be so delivered by the Servicer 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 by the Servicer from the Issuer or the
Indenture Trustee; or 
 (ii) failure on the part of the Servicer duly to observe or to perform in any material respect any
other covenants or agreements, as the case may be, set forth in this Agreement, which failure shall (A) materially and adversely affect the rights of Noteholders or Certificateholders and (B) continue unremedied for a period of 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 Servicer by the Issuer or the Indenture Trustee or (2) to the Issuer, the Indenture Trustee and the
Servicer by the Noteholders of Notes evidencing not less than a majority of the Note Balance amount of the Outstanding Notes or, if no Notes are Outstanding, by holders of Certificates evidencing a majority of the beneficial interest in the Issuer;
or 
 (iii) the Servicer 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 similar occurrence the grace period in the applicable clause will be extended for an additional thirty days; 

provided, further, 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 clauses (i), (ii) or (iii) above has occurred; 

then the Indenture Trustee (provided, that a Responsible Officer of the Indenture Trustee shall have received written notice
thereof) shall promptly notify each Rating Agency, and in each and every case, so long as a Servicer Termination Event shall not have been remedied, either the Indenture Trustee or the holders of Notes evidencing not less than a majority of the
principal 
  

					
		  	13	  	Servicing Agreement (BAAT 2010-2)

 
amount of the Notes Outstanding (or, if no Notes are Outstanding, Holders of Certificates evidencing at least a majority of the beneficial interest in the Issuer), by notice then given in writing
to the Servicer (and to the Indenture Trustee and the Issuer if given by the Noteholders and to the Issuer if given by the Certificateholders and in each case with a copy to the Rating Agencies) may terminate all of the rights and obligations of the
Servicer under this Agreement. On or after the receipt by the Servicer of such written notice, all authority and power of the Servicer under this Agreement, whether with respect to the Notes, the Certificates or the Trust Estate or otherwise, shall
pass to and be vested in the Indenture Trustee or such successor Servicer as may be appointed under Section 6.2; and, without limitation, the Indenture Trustee and the Issuer are hereby authorized and empowered to execute and deliver, on
behalf of the predecessor Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination,
whether to complete the transfer and endorsement of the Receivables and related documents, or otherwise. 
 (b) Upon termination
of the Servicer under Section 6.1(a), the predecessor Servicer shall cooperate with the Indenture Trustee, the Issuer and such successor Servicer in effecting the termination of the responsibilities and rights of the predecessor Servicer
under this Agreement, including the transfer to the Indenture Trustee or such successor Servicer for administration of all cash amounts that shall at the time be held by the predecessor Servicer for deposit, or shall thereafter be received with
respect to a Receivable and the delivery of the Receivable Files and the related accounts and Records to the extent maintained by the Servicer. All reasonable costs and expenses (including attorneys’ fees) incurred in connection with
transferring the Receivable Files to the successor Servicer and amending this Agreement to reflect such succession as Servicer pursuant to this Section 6.1 shall be paid by the predecessor Servicer upon presentation of reasonable
documentation of such costs and expenses. 
 Section 6.2. Appointment of Successor Servicer. (a) Upon the
Servicer’s receipt of notice of termination pursuant to Section 6.1 or the Servicer’s resignation in accordance with the terms of this Agreement, the predecessor Servicer shall continue to perform its functions as Servicer
under this Agreement, in the case of termination, only until the date specified in such termination notice or, if no such date is specified in a notice of termination, until receipt of such notice and, in the case of resignation, until the later of
(x) the date 45 days from the delivery to the Indenture Trustee and the Issuer of written notice of such resignation (or written confirmation of such notice) in accordance with the terms of this Agreement and (y) the date upon which the
predecessor Servicer shall become unable to act as Servicer, as specified in the notice of resignation and accompanying Opinion of Counsel. In the event of the Servicer’s resignation or termination hereunder, the Indenture Trustee shall appoint
a successor Servicer, and the successor Servicer shall accept its appointment by a written assumption in form acceptable to the Issuer and the Indenture Trustee (with a copy to each Rating Agency). In the event that a successor Servicer has not been
appointed at the time when the predecessor Servicer has ceased to act as Servicer in accordance with this Section 6.2, the Indenture Trustee without further action shall automatically be appointed the successor Servicer. The Indenture
Trustee may resign as the Servicer by giving written notice of such resignation to the Issuer and in such event shall be released from such duties and obligations, such release not to be effective until the date a successor Servicer enters into a
written assumption as provided in this Section 6.2. Upon delivery of any such notice to the Issuer, the Issuer shall obtain a new servicer as the successor 

 

					
		  	14	  	Servicing Agreement (BAAT 2010-2)

 
Servicer in accordance with this Section 6.2. Notwithstanding the above, if the Indenture Trustee shall be legally unable so to act or if, within 30 days after the delivery of its
notice of resignation, the Issuer shall not have obtained a successor Servicer, the Indenture Trustee shall appoint, or petition a court of competent jurisdiction to appoint, any established institution, having a net worth of not less than
$100,000,000 and whose regular business shall include the servicing of automotive receivables, as the successor to the Servicer under this Agreement; provided that the Rating Agency Condition shall be satisfied in connection with such
appointment. 
 (b) Upon appointment, the successor Servicer shall be the successor in all respects to the predecessor Servicer
and shall be subject to all the responsibilities, duties, and liabilities arising thereafter relating thereto placed on the predecessor Servicer, by the terms and provisions of this Agreement; provided, that (i) any failure of such
successor Servicer to perform such responsibilities or duties that are caused by the predecessor Servicer’s failure to provide information or monies required hereunder shall not be considered a default by such successor Servicer, (ii) such
successor Servicer shall have no liability for actions, inactions or representations of the predecessor Servicer, (iii) the successor Servicer shall have no obligation to pay any taxes required to be paid by the predecessor Servicer,
(iv) the successor Servicer shall have no obligation to pay any of the fees and expenses of any other party involved in this transaction and (v) the successor Servicer shall have no liability or obligation with respect to any
indemnification obligations of any predecessor Servicer. The indemnification obligations of the successor Servicer are expressly limited to those instances in which liability would otherwise be imposed by reason of willful misconduct, negligence or
bad faith. 
 (c) In connection with such appointment, the Indenture Trustee may make such arrangements for the compensation of
such successor Servicer out of payments on Receivables as it and such successor Servicer shall agree; provided, however, that no such compensation shall be in excess of the compensation permitted for the predecessor Servicer under this
Agreement. The Indenture Trustee and such successor Servicer shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. 

(d) Notwithstanding anything herein or in the other Transaction Documents to the contrary, in no event shall any successor Servicer be
required to purchase any Receivable pursuant to Section 3.7 herein. 
 Section 6.3. Notification to
Noteholders and Certificateholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VI, the Indenture Trustee shall give prompt written notice thereof to Noteholders, and the Issuer shall
give prompt written notice thereof to Certificateholders at their respective addresses of record and to each Rating Agency. 

Section 6.4. Waiver of Past Servicer Termination Events. The holders of the Notes evidencing not less than a majority of the
principal amount of the Outstanding Notes (or, if no Notes are Outstanding, holders of Certificates evidencing a majority of the beneficial interest in the Issuer) may, on behalf of all Noteholders and Certificateholders, waive any Servicer
Termination Event hereunder and its consequences, except an event resulting from the failure by the Servicer to make any required payments in accordance with this Agreement, which shall 

 

					
		  	15	  	Servicing Agreement (BAAT 2010-2)

 
require the unanimous vote of all Holders of Outstanding Notes and Certificates. Upon any such waiver of a past Servicer Termination Event, such Servicer Termination Event shall cease to exist,
and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other Servicer Termination Event or impair any right consequent thereon. The Indenture Trustee shall provide written
notice of any such waiver to the Rating Agencies. 
 Section 6.5. Termination. Unless earlier terminated, this
Agreement will terminate on the Payment Date in the month following the final payment or liquidation of all the Receivables (the “Termination Date”). 

Section 6.6. Optional Purchase of All Receivables. The Servicer, may purchase the outstanding Receivables (such purchase, the
“Optional Purchase”) and the other assets in the Trust Estate (other than the Reserve Account) on any Payment Date if both of the following conditions are satisfied: (i) as of the last day of the related Collection Period, the
Pool Balance has declined to 10% or less of the Pool Balance as of the Cut-Off Date and (ii) the sum of the Optional Purchase Price and the Available Collections for such Payment Date would be sufficient to pay (A) the Servicing Fee for
such Payment Date and all unpaid Servicing Fees with respect to prior periods, (B) interest then due on the Notes, (C) the aggregate Outstanding Note Balance of all of the Notes, as determined by the Indenture Trustee and (D) expenses
(including indemnification amounts) due to the Owner Trustee, the Indenture Trustee, the Administrator and the Servicer, which have not been previously paid. To exercise such option, the Servicer shall deposit the Optional Purchase Price into the
Collection Account on the Business Day prior to such Payment Date. The Servicer shall furnish written notice of such election to the Indenture Trustee and the Owner Trustee not later than twenty (20) days (or such longer period as may be
required by the Clearing Agency in connection with the Note Depository Agreement for notice in connection with a redemption of the Notes) prior to the Redemption Date. Following its receipt of such notice, (i) the Indenture Trustee will
promptly (but not later than 3 Business Days after it has received such notice) provide notice of such purchase to the Noteholders of record on such date and (ii) the Issuer will promptly (but not later than 3 Business Days after it has
received such notice) provide notice of such purchase to the Certificateholders of record on such date. The purchase price for the Trust Estate (other than the Reserve Account) under this Section 6.6 shall be equal to the Optional
Purchase Price. If the Servicer exercises its option to purchase the Trust Estate (other than the Reserve Account), the Notes shall be redeemed and in each case in whole but not in part on the Redemption Date for the Redemption Price. 

ARTICLE VII 

MISCELLANEOUS PROVISIONS 

Section 7.1. Amendment. (a) Any term or provision of this Agreement may be amended by the Servicer or the Issuer with
prior written notice to each Rating Agency but without the consent of the Indenture Trustee any Noteholder, the Owner Trustee or any other Person subject to subsection (d) of this Section 7.1; provided that
(i) such amendment shall not, as evidenced by an Officer’s Certificate of the Servicer 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 
  

					
		  	16	  	Servicing Agreement (BAAT 2010-2)

 
amendment; provided further, that in the case of any amendment pursuant to this Section 7.1(a), such amendment shall not, as evidenced by an Opinion of Counsel, (i) affect
the treatment of the Notes as indebtedness for federal income tax purposes, (ii) be deemed to cause, for federal income tax purposes, 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 for federal income tax purposes. 
 (b) Subject to
subsection (d) of this Section 7.1, this Agreement may also be amended from time to time by the Servicer or the Issuer with the consent of the Holders evidencing not less than a majority of the Outstanding Note Balance for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders. It will not be necessary to obtain the consent of Noteholders to
approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement)
and of evidencing the authorization of the execution thereof by Noteholders will be subject to such reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository
Agreement. 
 (c) Prior to the execution of any amendment to this Agreement, the Servicer or the Issuer shall provide written
notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment or consent, the Servicer or the Issuer shall furnish a copy of such amendment or consent to each Rating Agency and the
Indenture Trustee. 
 (d) Prior to the execution of any amendment to this Agreement, the Depositor, 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, Indenture
Trustee’s or Administrator’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 any provision of this Section 7.1 to the contrary, the permitted activities or powers of the Issuer may
be significantly changed only with the approval of Holders of at least a majority of the Notes held by entities other than the Depositor, its Affiliates and its agents. 

Section 7.2. Counterparts. For the purpose of facilitating the execution of this Agreement and for other purposes, this
Agreement may be executed in any number of counterparts, each of which counterparts will be deemed to be an original, and all of which counterparts will constitute but one and the same instrument. 

 

					
		  	17	  	Servicing Agreement (BAAT 2010-2)

 Section 7.3. GOVERNING LAW. 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. 
 Section 7.4. Submission
to Jurisdiction; Waiver of Jury Trial. Each of the Parties hereto hereby irrevocably and unconditionally: 
 (a) submits for
itself and its property in any legal action or Proceeding relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general
jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 

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

(c) agrees that service of process in any such action or Proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 7.6 of this Agreement; 

(d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit
the right to sue in any other jurisdiction; and 
 (e) to the extent permitted by applicable law, each Party hereto
irrevocably waives all right of trial by jury in any action, Proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder.

 Section 7.5. Headings and Cross-References. The various headings in this Agreement are included for
convenience only and will not affect the meaning or interpretation of any provision of this Agreement. 
 Section 7.6.
Notices. All communications and notices pursuant hereto to any Party must be in writing or by fax and addressed or delivered to it at its address as shown in Schedule I to the Sale Agreement or at such other address as may be
designated by it by notice to the other Parties and, if mailed or sent by fax, will be deemed given upon receipt at the address or fax number for each Party as set forth on Schedule I to the Sale Agreement. 

Section 7.7. Severability of Provisions. If any one or more of the covenants, agreements, provisions, or terms of this
Agreement will be for any reason whatsoever held invalid, then such covenants, agreements, provisions, or terms will be deemed severable from the 

 

					
		  	18	  	Servicing Agreement (BAAT 2010-2)

 
remaining covenants, agreements, provisions, or terms of this Agreement and will in no way affect the validity or enforceability of the other provisions of this Agreement. 

Section 7.8. Further Assurances. The Servicer agrees to do and perform, from time to time, any and all acts and to execute
any and all further instruments required or reasonably requested by the Issuer more fully to effect the purposes of this Agreement, including, without limitation, the execution of any financing statements or continuation statements relating to the
Receivables for filing under the provisions of the UCC of any applicable jurisdiction. 
 Section 7.9. Waivers. No
failure or delay on the part of the Servicer, the Issuer or the Indenture Trustee in exercising any power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor shall any single or
partial exercise of any such power or right preclude any other or further exercise thereof or the exercise of any other power or right. No notice to or demand on any Party hereto in any case shall entitle it to any notice or demand in similar or
other circumstances. No waiver or approval by any Party hereto under this Agreement shall, except as may otherwise be stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval under this Agreement shall
require any similar or dissimilar waiver or approval thereafter to be granted hereunder. 
 Section 7.10. Cumulative
Remedies. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. 

Section 7.11. Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the Parties hereto,
the Noteholders and the Certificateholders and their respective successors and permitted assigns and the Owner Trustee shall be an express third party beneficiary hereof and may enforce the provisions hereof as if it were a party hereto. Except as
otherwise provided in this Section, no other Person will have any right hereunder. 
 Section 7.12. 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) none of the Parties hereto shall commence or join with any other Person in commencing any
Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination of this Agreement. 

Section 7.13. Limitation of Liability. Notwithstanding anything contained herein to the contrary, this Agreement has been
executed and delivered by Wilmington Trust Company, not in 
  

					
		  	19	  	Servicing Agreement (BAAT 2010-2)

 
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. 
 Section 7.14. Regulation AB. The Servicer shall cooperate
fully with the Depositor and the Issuer to deliver to the Depositor and the Issuer (including any of its assignees or designees) any and all statements, reports, certifications, records and any other information necessary in the good faith
determination of the Depositor or the Issuer to permit the Depositor to comply with the provisions of Regulation AB, together with such disclosures relating to the Servicer and the Receivables, or the servicing of the Receivables, reasonably
believed by the Depositor to be necessary in order to effect such compliance. 
 Section 7.15. Information to Be
Provided by the Indenture Trustee. 
 (a) So long as the Depositor is filing reports under the Exchange Act with respect to
the Issuer, the Indenture Trustee shall (i) on or before the fifth Business Day of each month, notify the Depositor, in writing, of any Form 10-D Disclosure Item with respect to the Indenture Trustee, together with a description of any such
Form 10-D Disclosure Item in form and substance reasonably satisfactory to the Depositor; provided, however, that the Indenture Trustee shall not be required to provide such information in the event that there has been no change to the
information previously provided by the Indenture Trustee to Depositor, and (ii) as promptly as practicable following notice to or discovery by a Responsible Officer of the Indenture Trustee of any changes to such information, provide to the
Depositor, in writing, such updated information. 
 (b) As soon as available but no later than March 15 of each calendar
year for so long as the Issuer is filing reports under the Exchange Act, commencing in 2011, the Indenture Trustee shall: 

(i) deliver to the Depositor a report regarding the Indenture Trustee’s assessment of compliance with the Servicing
Criteria during the immediately preceding calendar year, as required under paragraph (b) of Rule 13a-18, Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. Such report shall be signed by an authorized officer of the Indenture
Trustee, and shall address each of the Servicing Criteria specified in Exhibit B or such other criteria as mutually agreed upon by the Depositor and the Indenture Trustee; 

(ii) cause a firm of registered public accountants that is qualified and independent with the meaning of Rule 2-01 of
Regulation S-X under the Securities Act to 
  

					
		  	20	  	Servicing Agreement (BAAT 2010-2)

 
deliver a report for inclusion in the Issuer’s filing of Exchange Act Form 10-K that attests to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered to
the Depositor pursuant to the preceding paragraph. Such attestation shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act; 

(iii) deliver to the Depositor and any other Person that will be responsible for signing the certification (a
“Sarbanes Certification”) required by Rules 13a-14(d) and 15d-14(d) under the Exchange Act (pursuant to Section 302 of the Sarbanes-Oxley Act) on behalf of the Issuer or the Depositor substantially in the form attached hereto as
Exhibit C or such form as mutually agreed upon by the Depositor and the Indenture Trustee; and 
 (iv)
notify the Depositor in writing of any affiliations or relationships (as described in Item 1119 of Regulation AB) between the Indenture Trustee and any Item 1119 Party, provided, that no such notification need be made if the
affiliations or relationships are unchanged from those provided in the notification in the prior calendar year. 
 The Indenture Trustee
acknowledges that the parties identified in clause (iii) above may rely on the certification provided by the Indenture Trustee pursuant to such clause in signing a Sarbanes Certification and filing such with the Commission. 

Section 7.16. Form 8-K Filings. So long as the Depositor is filing Exchange Act Reports with respect to the Issuer, the
Indenture Trustee shall promptly notify the Depositor, but in no event later than two (2) Business Days after the Indenture Trustee had actual knowledge of its occurrence, of any Reportable Event of which a Responsible Officer of the Indenture
Trustee has actual knowledge (other than a Reportable Event described in clause (a) or (b) of the definition thereof as to which the Depositor or the Servicer has actual knowledge). The Indenture Trustee shall be deemed to have
actual knowledge of any such event to the extent that it relates to the Indenture Trustee or any action or failure to act by the Indenture Trustee. 

Section 7.17. Indemnification. U.S. Bank National Association shall indemnify the Depositor and shall hold the Depositor
harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that the Depositor may sustain arising out of or based upon: 

(a) (A) any untrue statement of a material fact contained or alleged to be contained in the Servicing Criteria assessment and any other
information required to be provided by U.S. Bank National Association to the Depositor under Sections 7.15 (excluding clause (b)(ii) of Section 7.15) or 7.16 (such information, the “Provided Information”),
or (B) the omission or alleged omission to state in the Provided Information a material fact required to be stated in the Provided Information, or necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely by reference to the related information and not to any other information communicated in
connection with a sale or purchase of 
  

					
		  	21	  	Servicing Agreement (BAAT 2010-2)

 
securities, without regard to whether the Provided Information or any portion thereof is presented together with or separately from such other information; or 

(b) any failure by U.S. Bank National Association to deliver any Servicing Criteria assessment, information, report, certification,
accountants’ letter or other material when and as required under Sections 7.15 and 7.16; provided, however, for the avoidance of doubt, this provision shall exclude the accountants’ report described in clause
(b)(ii) of Section 7.15. 
 (c) In the case of any failure of performance described in clauses
(a) and (b) of this Section, U.S. Bank National Association shall promptly reimburse the Depositor for all costs reasonably incurred in order to obtain the information, report, certification, accountants’ letter (which
shall not include the accountants’ report described in clause (b)(ii) of Section 7.15) or other material not delivered as required by U.S. Bank National Association. 

Notwithstanding anything to the contrary contained herein, in no event shall U.S. Bank National Association be liable for special,
indirect or consequential damages of any kind whatsoever, including but not limited to lost profits, even if U.S. Bank National Association has been advised of the likelihood of such loss or damage and regardless of the form of action. 

 

					
		  	22	  	Servicing Agreement (BAAT 2010-2)

 The Parties have caused this Servicing Agreement to be executed by their respective duly
authorized officers as of the date and year first above written. 
  

			
	 BANK OF AMERICA, NATIONAL ASSOCIATION,

as Servicer and Custodian

		
	 By:
	 	 /s/ Pedro Alvarez, Jr.

	 Name:
	 	 Pedro Alvarez, Jr.

	 Title:
	 	Director
	
	 BANK OF AMERICA AUTO TRUST 2010-2,

as Issuer

		
	 By:
	 	 WILMINGTON TRUST COMPANY,

not in its individual capacity
 but solely as
Owner Trustee

		
	 By:
	 	 /s/ J. Christopher Murphy

	 Name:
	 	J. Christopher Murphy
	 Title:
	 	Financial Services Officer
	
	 U.S. BANK NATIONAL ASSOCIATION,

as Indenture Trustee

		
	 By:
	 	 /s/ Melissa A. Rosal

	 Name:
	 	Melissa A. Rosal
	 Title:
	 	Vice President

  

					
		  	S-1	  	Servicing Agreement (BAAT 2010-2)

 EXHIBIT A 

FORM OF MONTHLY SERVICER REPORT 

Attached 
  

					
		  		  	Servicing Agreement (BAAT 2010-2)

 [SAMPLE DATA] 
  

					
	 XX/XX/XX
	  	BAC REFERENCE REGISTRY SUMMARY REPORT - POOL# xxxx	  	PAGE    X
		  	AS OF MONTH-END XXX XXXX	  	

  

											
	 CO.
	  	TOTAL CURRENT
PRIN. BALANCE	  	TOTAL
CURRENT
FLAT AMOUNT	  	TOTAL
CURRENT
W/D AMOUNT	  	TOTAL NET
PRINCIPAL	  	NUM
OF
ACCTS
	 XXX
	  	XXX,XXX.XX	  	XX,XXX.XX	  	XX,XXX.XX	  	XXX,XXX.XX	  	XXX
	 XXX
	  	X,XXX,XXX.XX	  	XXX,XXX.XX	  	XX,XXX.XX	  	X,XXX,XXX.XX	  	XXX
		  	X,XXX,XXX.XX	  	XXX,XXX.XX	  	XX,XXX.XX	  	X,XXX,XXX.XX	  	XXX

  

							
	*****************************************
	 LOAN RATE
	  	- WEIGHTED AVERAGE	  	=	  	X.XXX
	 REM. TERM
	  	- WEIGHTED AVERAGE	  	=	  	XX.XX
	 FICO SCORE
	  	- WEIGHTED AVERAGE	  	=	  	XXX.XX
	*****************************************

													
	[SAMPLE DATA]	  		  		  		  	
							
	BANK	  	XX	  		  	ADVANCED LOAN SYSTEM	  	*AMRXXXIV*	  	PAGE NO	  	X
	BRANCH	  	XXX	  		  		  	WEDNESDAY	  	PROCESS DATE XX/XX/XX	  	
		  		  		  	SECURITIZATION PORTFOLIO STATISTICS	  	*AMXX XXX*	  	PROCESS THRU XX/XX/XX	  	
		  		  		  		  		  	CURRENT DATE XX/XX/XX	  	

  

					
	POOL NUMBER xxxx	  	PERIOD ENDING XX/XX/XX	  	
	AUTO SECURITIZATION	  		  	

  

							
	 PORTFOLIO INFORMATION

	 ORIGINAL PRINCIPAL BALANCE
	  	XXX,XXX.XX	  	NUMBER OF CONTRACTS THIS PERIOD END	  	XXX
	 BEGINNING PERIOD PRINCIPAL BAL
	  	XXX,XXX.XX	  	BEGINNING PERIOD POOL FACTOR	  	XXX.XXXXXXX
	 ENDING PERIOD PRINCIPAL BAL
	  	XXX,XXX.XX	  	ENDING PERIOD POOL FACTOR	  	XX.XXXXXXX
	 PASS THRU PRINCIPAL
	  	X,XXX.XX	  	SERVICING FEE	  	X.XX
	 PASS THRU INTEREST
	  	X.XX	  	NUMBER OF CONTRACTS BOUGHT BACK	  	X
	 DISTRIBUTION AMOUNT
	  	X,XXX,XXX.XX-	  	AMOUNT OF CONTRACTS BOUGHT BACK	  	X.XX
	 SCHEDULED PYMT INT DIFFERENCE
	  	X.XX	  	DAYS IN PERIOD	  	X
	 CURRENT UNEARNED INTEREST
	  	X.XX	  		  	
	
	 PER UNIT INFORMATION

	 NUMBER OF UNITS
	  	.XXXXX	  	ACCRUED INTEREST PAYMENTS	  	X.XX
	 PRINCIPAL OUTSTANDING
	  	X.XX	  	SERVICING FEE	  	X.XX
	 PASS THRU PRINCIPAL
	  	X.XX	  	DISTRIBUTION AMOUNT	  	X.XX
	 PASS THRU INTEREST
	  	X.XX	  		  	
	
	 WEIGHTED AVERAGES

	 LOAN RATE
	  	X.XXXXXXX	  	REM TERM	  	XX.XXXXXXX
	 DEALER BUY RATE
	  	X.XXXXXXX	  		  	

  

											
	 DELINQUENCIES

	 DAYS PAST DUE
	  	NUMBER OF
CONTRACTS	  	PERCENT
OF TOTAL
NBR	  	 AMOUNT PAST DUE
	  	PERCENT
OF
PAYOFF
AMT	  	PRINCIPAL
OUTSTANDING
	 30 - 59
	  	XX	  	XX.XXXXX	  	XX,XXX.XX	  	X.XXX	  	XXX,XXX.XX
	 60 - 89
	  	XX	  	XX.XXXXX	  	XX,XXX.XX	  	X.XXX	  	XX,XXX.XX
	 90 - 119
	  	X	  	X.XXXXX	  	XX,XXX.XX	  	X.XXX	  	XX,XXX.XX
	 120 - 149
	  	X	  	X.XXXXX	  	X,XXX.XX	  	X.XXX	  	XX,XXX.XX
	 150 - 179
	  	X	  	X.XXXXX	  	XXX.XX	  	X.XXX	  	X,XXX.XX
	 180 AND OVER
	  	X	  	X.XXXXX	  	X.XX	  	X.XXX	  	X.XX
	 TOTALS
	  	XXX	  	X.XXXXX	  	XX,XXX.XX	  	X.XXX	  	XXX,XXX.XX

  

							
	 ORIGINAL AMT FINANCED:
	  	 	  	 ORIGINAL TERM (MONTHS):
	  	 
	 LOWEST ORIG AMT FIN
	  	X,XXX.XX	  	WTD AVG ORIG TERM	  	XX.XXXXXXX
	 HIGHEST ORIG AMT FIN
	  	XX,XXX.XX	  	SHORTEST ORIG TERM	  	XX.XXXX
	 TOT ORIG LOAN AMT FIN
	  	X,XXX,XXX.XX	  	LONGEST ORIG TERM	  	XXX.XXXX
				
	 ANNUAL PERCENTAGE RATE:
	  		  		  	
	 LOWEST APR
	  	X.XXXX	  	REMAINING TERM(MONTHS):	  	
	 HIGHEST APR
	  	X.XXXX	  	SHORTEST REM TERM	  	X.XXXX
		  		  	LONGEST REM TERM	  	XX.XXXX
				
	 SCHEDULED WEIGHTED AVG LIFE (MONTHS)
	  	XX.XXXX	  		  	
				
	 AVERAGE SEASONING (MONTHS)
	  	XX.XXXX	  		  	

													
	[SAMPLE DATA]	  		  		  		  	
							
	BANK	  	XX	  		  	ADVANCED LOAN SYSTEM	  	*AMRXXXIV*	  	PAGE NO	  	XX
	BRANCH	  	XXX	  	            PROCESS DATE XX/XX/XX	  		  		  		  	
		  		  		  	ADDITIONAL SECURITIZATION TOTALS	  	*AM01 XXX*	  	PROCESS THRU XX/XX/XX	  	
		  		  		  		  		  	CURRENT DATE XX/XX/XX	  	

 POOL NUMBER        00xxxx        AUTO
SECURITIZATION 
  

									
	 	  	NUMBER	  	TODAY	  	NUMBER	  	MONTH TODAY
	 REGULAR PRINCIPAL PAID
	  		  	XXX.XX	  		  	X,XXX.XX
	 REGULAR INTEREST PAID
	  		  	XX.XX	  		  	XX.XX
					
	 ADDITIONAL PRINCIPAL PAID
	  	X	  	X.XX	  	X	  	XXX.XX
					
	 PAID OFF PRINCIPAL
	  	X	  	XX.XX	  	X	  	X,XXX.XX
	 PAID OFF INTEREST
	  		  	X.XX	  		  	XXX.X
	 PAID OFF SCHED PMTS
	  		  	XX.XX	  		  	XXX.X
					
	 CHARGED OFF PRINCIPAL
	  	X	  	XXX.XX	  	X	  	X,XXX.XX
	 CHARGED OFF INTEREST
	  		  	X.XX	  		  	X.XX
	 CHARGED OFF SCHED PMTS
	  		  	X.XX	  		  	X.XX
	 CHARGE OFF RECOVERIES
	  		  	X.XX	  		  	X.XX
	 REPURCHASED PRINCIPAL
	  	X	  	X.XX	  	X	  	X.XX
	 REPURCHASED INTEREST
	  		  	X.XX	  		  	X.XX
	 REPURCHASED SCHED PMTS
	  		  	X.XX	  		  	XXX
	 INTEREST ADVANCED
	  		  	X,XXX.XX	  		  	X,XXX.XX
	 INTEREST ADVANCED RECOVERIES (PMTS)
	  		  	X.XX	  		  	X.XX
	 INTEREST ADVANCED RECOVERIES (CHOFF)
	  		  	X.XX	  		  	X.XX
	 NET PRINCIPAL ADJUSTMENTS
	  		  	X.XX	  		  	X.XX
	 NET INTEREST ADJUSTMENTS
	  		  	X.XX	  		  	X.XX
					
	 SOLD PRINCIPAL
	  	X	  	X.XX	  	X	  	X.XX
	 TRANSACTION COUNT
	  	XXX	  		  		  	
					
	 INTEREST ADVANCES
	  	X	  		  		  	

 EXHIBIT B 

SERVICING CRITERIA TO BE ADDRESSED IN 

INDENTURE TRUSTEE’S ASSESSMENT OF COMPLIANCE 

The assessment of compliance to be delivered by the Indenture Trustee shall address, at a minimum, the criteria identified as below as
“Applicable Servicing Criteria”: 
  

					
	 Servicing Criteria
	  	Applicable
Servicing Criteria
	 Reference
	  	 Criteria
	  	 
			
		  	General Servicing Considerations	  	
			
	 1122(d)(1)(i)
	  	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	  	X
			
	 1122(d)(1)(ii)
	  	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with
such servicing activities.	  	X
			
	 1122(d)(1)(iii)
	  	Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.	  	
			
	 1122(d)(1)(iv)
	  	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage
required by and otherwise in accordance with the terms of the transaction agreements.	  	X
			
		  	Cash Collection and Administration	  	
			
	 1122(d)(2)(i)
	  	Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such
other number of days specified in the transaction agreements.	  	X
			
	 1122(d)(2)(ii)
	  	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	  	X
			
	 1122(d)(2)(iii)
	  	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as
specified in the transaction agreements.	  	X
			
	 1122(d)(2)(iv)
	  	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect
to commingling of cash) as set forth in the transaction agreements.	  	X
			
	 1122(d)(2)(v)
	  	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally
insured depository institution” with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.	  	X
			
	 1122(d)(2)(vi)
	  	Unissued checks are safeguarded so as to prevent unauthorized access.	  	X
			
	 1122(d)(2)(vii)
	  	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These
reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the
person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction
agreements.	  	X

  

					
		  		  	Servicing Agreement (BAAT 2010-2)

					
	 Servicing Criteria
	  	Applicable
Servicing Criteria
	 Reference
	  	 Criteria
	  	 
	 	  	Investor Remittances and Reporting	  	 
			
	1122(d)(3)(i)	  	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.
Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed
with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.	  	X
			
	1122(d)(3)(ii)	  	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	  	X
			
	1122(d)(3)(iii)	  	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction
agreements.	  	X
			
	1122(d)(3)(iv)	  	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	  	X
			
		  	Pool Asset Administration	  	
			
	1122(d)(4)(i)	  	Collateral or security on pool assets is maintained as required by the transaction agreements or related asset pool documents.	  	
			
	1122(d)(4)(ii)	  	Pool assets and related documents are safeguarded as required by the transaction agreements	  	
			
	1122(d)(4)(iii)	  	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction
agreements.	  	X
			
	1122(d)(4)(iv)	  	Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than
two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related asset pool documents.	  	
			
	1122(d)(4)(v)	  	The Servicer’s records regarding the accounts and the accounts agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.	  	
			
	1122(d)(4)(vi)	  	Changes with respect to the terms or status of an obligor’s account (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in
accordance with the transaction agreements and related pool asset documents.	  	
			
	1122(d)(4)(vii)	  	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated,
conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.	  	
			
	1122(d)(4)(viii)	  	Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on
at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in
cases where delinquency is deemed temporary (e.g., illness or unemployment).	  	
			
	1122(d)(4)(ix)	  	Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.	  	

  

					
		  	B-2	  	Servicing Agreement (BAAT 2010-2)

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

  

					
		  	B-3	  	Servicing Agreement (BAAT 2010-2)

 EXHIBIT C 

FORM OF INDENTURE TRUSTEE’S ANNUAL CERTIFICATION 
  

	 	Re:	BANK OF AMERICA AUTO TRUST 2010-2 

U.S. Bank National Association, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”),
certifies to Bank of America Auto Receivables Securitization, LLC (the “Depositor”), and its officers, with the knowledge and intent that they will rely upon this certification, that: 

(1) It has reviewed the report on assessment of the Indenture Trustee’s compliance (the “Servicing
Assessment”) that was delivered by the Indenture Trustee to the Depositor pursuant to Section 7.15 of the Servicing Agreement (the “Agreement”), dated as of June 24, 2010 by and between the Issuer, the Indenture
Trustee and Bank of America, National Association (collectively, the “Indenture Trustee Information”); 

(2) To the best of its knowledge, the Servicing Assessment, taken as a whole, does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Servicing Assessment; and

 (3) To the best of its knowledge, all of the Provided Information (as defined in Section 7.17 of
the Agreement) required to be provided by the Indenture Trustee under the Agreement has been provided to the Depositor. 
  

			
	U.S. Bank National Association, not in its individual capacity but solely as Indenture Trustee
		
	Date:	 	 
		 	

  

					
		  		  	Servicing Agreement (BAAT 2010-2)

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