Document:

Administration Agreement, dated as of  June 24, 2010

 Exhibit 10.6 
  

 
  

ADMINISTRATION AGREEMENT 

among 

BANK OF AMERICA AUTO TRUST 2010-2, 

as Issuer 

BANK OF AMERICA, NATIONAL ASSOCIATION, 

as Administrator 

and 

U.S. BANK NATIONAL ASSOCIATION, 

as Indenture Trustee 

Dated as of June 24, 2010 
  

 
  

 TABLE OF CONTENTS 

 

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

  

					
		  	i	  	 Administration Agreement

(BAAT 2010-2)

 THIS ADMINISTRATION AGREEMENT (as amended, modified or supplemented from time to
time, this “Agreement”) dated as of June 24, 2010 is among BANK OF AMERICA AUTO TRUST 2010-2, a Delaware statutory trust (the “Issuer”), BANK OF AMERICA, NATIONAL ASSOCIATION, a national banking
association, as administrator (“BANA” or in its capacity as administrator, the “Administrator”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the
“Indenture Trustee”). Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned such terms in Appendix A to the Sale Agreement dated as of June 24, 2010 (as amended, modified or
supplemented from time to time, the “Sale Agreement”) by and between Bank of America Auto Receivables Securitization, LLC, as seller, and the Issuer. 

W I T N E S S E T H : 

WHEREAS, the Issuer has issued the Notes pursuant to the Indenture and the Certificate pursuant to the Trust Agreement and has entered
into certain agreements in connection therewith, including, (i) the Sale Agreement, (ii) the Indenture, (iii) the Note Depository Agreement and (iv) the Trust Agreement (the agreements referred to in clauses
(i) through (iv), together with any other Transaction Documents to which the Issuer is a party, are referred to herein collectively as the “Issuer Documents”); 

WHEREAS, to secure payment of the Notes, the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the Indenture;

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

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

WHEREAS, the Administrator has the capacity to provide the services required hereby and is willing to perform such services for the
Issuer and the Owner Trustee on the terms set forth herein; 
 NOW, THEREFORE, in consideration of the mutual terms and
covenants contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 

1. Duties of the Administrator. 

(a) Duties with Respect to the Issuer Documents. The Administrator shall perform all of its duties specifically
enumerated herein as Administrator under this Agreement and the Issuer Documents and the duties and obligations of the Issuer and the Owner Trustee (in its capacity as owner trustee under the Trust Agreement) under the Issuer Documents and no
additional duties shall be read to be included herein; provided, however, except as otherwise provided in the Issuer Documents, that the Administrator shall have no obligation to make any payment required to be made by the Issuer under

  

 Administration Agreement 

(BAAT 2010-2) 

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

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

(v) upon actual knowledge, the preparation of an Issuer Request directing the Indenture Trustee to provide notification of
any unclaimed monies and repayments with respect to the Notes (Section 3.3 of the Indenture); 
 (vi) upon
its actual knowledge, the delivery of written notice to the Indenture Trustee and the Rating Agencies of each Event of Default under the Indenture (Section 3.12 of the Indenture), Servicer Termination Event under the Servicing Agreement
(Section 6.1 of the Servicing Agreement); 
 (vii) upon its actual knowledge of such, the delivery to the
Indenture Trustee of written notice in the form of an Officer’s Certificate of any event that 
  

					
		  	2	  	 Administration Agreement

(BAAT 2010-2)

 
with the giving of notice and the lapse of time would become an Event of Default under clause (c) or (d) of Section 5.1 of the Indenture (Section 3.12
of the Indenture); 
 (viii) the preparation and delivery of notice to Noteholders of the removal of the
Indenture Trustee and the appointment of a successor Indenture Trustee (Section 6.8 of the Indenture); 

(ix) upon request, the notification to the Indenture Trustee if and when the Notes are listed on any stock exchange
(Section 7.3 of the Indenture); 
 (x) the delivery of new Notes conforming to any supplemental indenture
(Section 9.5 of the Indenture); 
 (xi) the duty to cause the Issuer to provide notice of redemption of
the Trust Estate pursuant to Section 10.1 of the Indenture to the Certificateholders (Section 10.1 of the Indenture); 

(xii) the duty to cause the Indenture Trustee to provide notification to Noteholders of redemption of the Notes
(Section 10.2 of the Indenture); 
 (xiii) notification to the Certificateholders of the substance of any
amendment to the Sale Agreement, the Servicing Agreement or the Indenture (Section 4.1 of the Sale Agreement, Section 7.1 of the Servicing Agreement and Section 9.1 of the Indenture); 

(xiv) the maintenance of the books and records of the Issuer, the delivery to each Certificateholder of information
required to enable such Certificateholder to prepare certain tax returns, upon request the preparation and filing of the Issuer’s tax returns, the execution of the Issuer’s tax returns and the collection of any withholding tax relating to
distributions to any Certificateholder (Section 5.4 of the Trust Agreement); 
 (xv) the preparation and
delivery of notice to the Certificateholders of any termination of, or appointment of a successor to, the Servicer (Section 6.3 of the Servicing Agreement); and 

(xvi) the maintenance, at its office referred to in Section 2.2 of the Trust Agreement or such other office as
approved in writing by the Certificateholders, of a register for the registration and transfer of any Certificate (Section 3.4 of the Trust Agreement). 

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

  

					
		  	3	  	 Administration Agreement

(BAAT 2010-2)

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

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

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

(C) the removal of the Indenture Trustee. 

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

3. Compensation; Payment of Fees and Expenses; Indemnification. As compensation for the performance of the Administrator’s
obligations under this Agreement and as reimbursement for its expenses related thereto, including, but not limited to, costs incurred in connection with the engagement of third parties to perform any tax preparation duties hereunder, the Issuer
shall cause the Servicer to pay to the Administrator such reasonable amounts agreed between the Servicer and the Administrator, which shall be solely an obligation of the Servicer. The Administrator and any director, officer, employee or agent of
the Administrator shall be entitled to indemnification by the Servicer and held harmless against any loss, liability or expense (including reasonable attorney’s fees) incurred in connection with (i) any claim or legal action relating to
this Agreement or (ii) the performance of any of the Administrator’s duties under this Agreement, unless the loss, liability or expense was incurred by reason of its own grossly negligent actions, its own grossly negligent failure to act
or its own willful misconduct in the performance of any of the Administrator’s duties under this Agreement. 
 4.
Independence of the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer with respect to the manner in which it accomplishes the
performance of its obligations 
  

					
		  	4	  	 Administration Agreement

(BAAT 2010-2)

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

6. Other Activities of the Administrator. Nothing herein shall prevent the Administrator or its Affiliates from engaging in other
businesses or, in its sole discretion, from acting in a similar capacity as an Administrator for any other Person even though such Person may engage in business activities similar to those of the Issuer, the Owner Trustee or the Indenture Trustee.

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

 

					
		  	5	  	 Administration Agreement

(BAAT 2010-2)

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

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

(i) any failure by the Administrator to deliver or cause to be delivered any required payment to the Indenture Trustee for
distribution to the Noteholders, which failure continues unremedied for a period of ten (10) Business Days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the
Indenture Trustee or Noteholders evidencing at least a majority of the Outstanding Note Balance; 
 (ii) any
failure by the Administrator to duly observe or perform in any material respect any other of its covenants or agreements in this Agreement, which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which
continues unremedied for ninety (90) days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof from the Indenture Trustee or Noteholders evidencing at least a majority
of the Outstanding Note Balance; 
 (iii) any representation or warranty of the Administrator made in any
Transaction Document to which the Administrator is a party or by which it is bound or any certificate delivered pursuant to this Agreement proves to have been incorrect in any material respect when made, which failure materially and adversely
affects the rights of the Issuer or the Noteholders, and which failure continues unremedied for ninety (90) days after discovery thereof by a Responsible Officer of the Administrator or receipt by the Administrator of written notice thereof
from the Indenture Trustee or Noteholders evidencing at least a majority of the Outstanding Note Balance; or 

(iv) the Administrator suffers a Bankruptcy Event; 

 

					
		  	6	  	 Administration Agreement

(BAAT 2010-2)

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

 (d) If an Administrator Replacement Event shall have occurred, the Issuer may, subject to
Section 20 hereof, by notice given to the Administrator and the Owner Trustee, terminate all or a portion of the rights and powers of the Administrator under this Agreement, including the rights of the Administrator to receive the annual
fee for services hereunder for all periods following such termination; provided, however, that such termination shall not become effective until such time as the Issuer, subject to Section 20 hereof, shall have appointed a
successor Administrator with the consent of the Indenture Trustee in the manner set forth below. Upon any such termination, all rights, powers, duties and responsibilities of the Administrator under this Agreement shall vest in and be assumed by any
successor Administrator appointed by the Issuer, subject to Section 20 hereof, pursuant to a management agreement between the Issuer and such successor Administrator, containing substantially the same provisions as this Agreement
(including with respect to the compensation of such successor Administrator), and the successor Administrator is hereby irrevocably authorized and empowered to execute and deliver, on behalf of the Administrator, as attorney-in-fact or otherwise,
all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect such vesting and assumption. Further, in such event, the Administrator shall use its commercially reasonable efforts to effect
the orderly and efficient transfer of the administration of the Issuer to the new Administrator. 
 (e) The
Issuer, subject to Section 20 hereof, may waive in writing any Administrator Replacement Event by the Administrator in the performance of its obligations hereunder and its consequences. Upon any such waiver of a past Administrator
Replacement Event, such Administrator Replacement Event shall cease to exist, and any Administrator Replacement Event arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any
subsequent or other Administrator Replacement Event or impair any right consequent thereon. 
 9. Action upon Termination or
Removal. Promptly upon the effective date of termination of this Agreement pursuant to Section 8, or the removal of the Administrator pursuant to Section 8, the Administrator shall be entitled to be paid by the Servicer
all fees and reimbursable expenses accruing to it to the date of such termination or removal. If the Administrator is removed without cause, the Servicer will be responsible for any costs, expenses or indemnities incurred by the Administrator in
connection with its removal. 
 10. Liens. The Administrator will not directly or indirectly create, allow or suffer to
exist any Lien on the Collateral other than Permitted Liens. 
  

					
		  	7	  	 Administration Agreement

(BAAT 2010-2)

 11. Notices. All demands, notices and communications hereunder shall be in writing
and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile, and addressed in each case as specified on Schedule I to the Sale Agreement
or at such other address as shall be designated by any of the specified addressees in a written notice to the other parties hereto. Delivery shall occur only upon receipt or reported tender of such communication by an officer of the recipient
entitled to receive such notices located at the address of such recipient for notices hereunder. 
 12. [RESERVED.] 

13. Amendments. 

(a) Any term or provision of this Agreement may be amended by the Administrator with prior written notice to each Rating
Agency but without the consent of the Indenture Trustee, any Noteholder, the Issuer, the Owner Trustee, the Depositor, the First Tier Purchaser, the Second Tier Purchaser or any other Person subject to subsection (d) of this
Section 13; provided that (i) such amendment shall not, as evidenced by an Officer’s Certificate of the Depositor or an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee materially and adversely
affect the interests of the Noteholders or (ii) the Rating Agency Condition shall have been satisfied with respect to such amendment; provided further, that in the case of any amendment pursuant to this Section 13(a), such
amendment shall not, 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 13, this Agreement may also be amended from time to
time by the Issuer, the Administrator and the Indenture Trustee, with the consent of the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance, 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, the Administrator shall provide written notification of the substance of
such amendment to each Rating Agency and the Owner Trustee; and promptly after the execution of any such amendment or consent, the Administrator shall furnish a copy of such amendment or consent to each Rating Agency, the Owner Trustee and the
Indenture Trustee. 
  

					
		  	8	  	 Administration Agreement

(BAAT 2010-2)

 (d) Prior to the execution of any amendment to this Agreement, the Issuer,
the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to
the execution and delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which adversely affects the Owner Trustee’s or the Indenture
Trustee’s, as applicable, own rights, duties or immunities under this Agreement. Furthermore, notwithstanding anything to the contrary herein, this Agreement may not be amended in any way that would materially and adversely affect the Owner
Trustee’s or the Indenture Trustee’s rights, privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents or otherwise without the prior written consent of such party. 

(e) Notwithstanding any provision of this Section 13 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. 

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

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

 (i) submits for itself and its property in any legal action or Proceeding relating to this Agreement or any
documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of
America for the Southern District of New York and appellate courts from any thereof; 
 (ii) consents that any
such action or Proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of such action or Proceeding in any such court or that such action or Proceeding was brought in an inconvenient court and
agrees not to plead or claim the same; 
 (iii) agrees that service of process in any such action or Proceeding
may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 11 of this Agreement; 

 

					
		  	9	  	 Administration Agreement

(BAAT 2010-2)

 (iv) agrees that nothing herein shall affect the right to effect service of
process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 

(v) to the extent permitted by applicable law, each party hereto irrevocably waives all right of trial by jury in any
action, Proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction Document, or any matter arising hereunder or thereunder. 

15. Headings. The section headings hereof have been inserted for convenience of reference only and shall not be construed to
affect the meaning, construction or effect of this Agreement. 
 16. Counterparts. This Agreement may be executed in any
number of counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 

17. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement shall be
for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and shall in no way affect the validity or
enforceability of the other provisions of this Agreement. 
 18. Not Applicable to BANA in Other Capacities; Merger of
Administrator. 
 (a) Nothing in this Agreement shall affect any obligation BANA may have in any other
capacity. 
 (b) Any entity into which the Administrator may be merged or converted or with which it may be
consolidated, to which it may sell or transfer its corporate trust business and assets as a whole or substantially as a whole or any entity resulting from any merger, sale, transfer, conversion or consolidation to which the Administrator shall be a
party, or any entity succeeding to the business of the Administrator, shall be the successor of the Administrator hereunder without the execution or filing of any paper of any further act on the part of any of the parties hereto, anything herein to
the contrary notwithstanding. 
 19. Benefits of the Administration Agreement. Nothing in this Agreement, expressed or
implied, shall give to any Person other than the parties hereto and their successors hereunder, the Owner Trustee, any separate trustee or co-trustee appointed under Section 6.10 of the Indenture and the Noteholders, any benefit or any
legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee is a third party beneficiary of this Agreement and is entitled to the rights and benefits hereunder and may enforce the provisions hereof
as if it were a party hereto. 
 20. Assignment. Each party hereto hereby acknowledges and consents to the mortgage,
pledge, assignment and Grant of a security interest by the Issuer to the Indenture 
  

					
		  	10	  	 Administration Agreement

(BAAT 2010-2)

 
Trustee pursuant to the Indenture for the benefit of the Noteholders of all of the Issuer’s rights under this Agreement. In addition, the Administrator hereby acknowledges and agrees that
for so long as any Notes are outstanding, the Indenture Trustee will have the right to exercise all waivers and consents, rights, remedies, powers, privileges and claims of the Issuer under this Agreement pursuant to the Grant of such security
interest. 
 21. Nonpetition Covenant. Each party hereto agrees that, prior to the date which is one year and one day
after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party shall not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or
other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any
jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief
or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of, its creditors generally, any party
hereto or any other creditor of such Bankruptcy Remote Party, and (ii) 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. 
 22. 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 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. 

[SIGNATURES ON NEXT PAGE] 
  

					
		  	11	  	 Administration Agreement

(BAAT 2010-2)

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

			
	BANK OF AMERICA AUTO TRUST 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	  	 Administration Agreement

(BAAT 2010-2)

			
	BANK OF AMERICA,
NATIONAL ASSOCIATION,
	as Administrator
		
	By:	 	 /s/ Pedro Alvarez, Jr.

	Name:	 	Pedro Alvarez, Jr.
	Title:	 	Director

  

					
		  	S-2	  	 Administration Agreement

(BAAT 2010-2)

			
	U.S. BANK NATIONAL ASSOCIATION,
	not in its individual capacity
but solely as Indenture Trustee
		
	By:	 	 /s/ Melissa A. Rosal

	Name:	 	Melissa A. Rosal
	Title:	 	Vice President

  

					
		  	S-3	  	 Administration Agreement

(BAAT 2010-2)Amended and Restated Trust Agreement, dated as of June 24, 2010

 Exhibit 10.7 

BANK OF AMERICA AUTO TRUST 2010-2 

AMENDED AND RESTATED 

TRUST AGREEMENT 

between 

BANK OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC, 

as the Depositor 

and 

WILMINGTON TRUST COMPANY, 

as the Owner Trustee 

Dated as of June 24, 2010 

 TABLE OF CONTENTS 

 

					
	 	  	 	  	Page
		
	 ARTICLE I        DEFINITIONS
	  	1
			
	 SECTION 1.1.
	  	Capitalized Terms	  	1
	 SECTION 1.2.
	  	Other Interpretive Provisions	  	1
		
	 ARTICLE II        ORGANIZATION
	  	2
			
	 SECTION 2.1.
	  	Name	  	2
	 SECTION 2.2.
	  	Office	  	2
	 SECTION 2.3.
	  	Purposes and Powers	  	2
	 SECTION 2.4.
	  	Appointment of the Owner Trustee	  	3
	 SECTION 2.5.
	  	Initial Capital Contribution of Trust Estate	  	3
	 SECTION 2.6.
	  	Declaration of Trust	  	3
	 SECTION 2.7.
	  	Organizational Expenses; Liabilities of the Holders	  	4
	 SECTION 2.8.
	  	Title to the Trust Estate	  	4
	 SECTION 2.9.
	  	Representations and Warranties of the Depositor	  	4
	 SECTION 2.10.
	  	Situs of Issuer	  	5
		
	 ARTICLE III        CERTIFICATES AND TRANSFER OF
CERTIFICATES
	  	5
			
	 SECTION 3.1.
	  	Initial Ownership	  	5
	 SECTION 3.2.
	  	Authentication of the Certificates	  	5
	 SECTION 3.3.
	  	Form of the Certificate	  	5
	 SECTION 3.4.
	  	Registration of the Certificates	  	6
	 SECTION 3.5.
	  	Transfer of the Certificate	  	6
	 SECTION 3.6.
	  	Lost, Stolen, Mutilated or Destroyed Certificates	  	7
		
	 ARTICLE IV        ACTIONS BY OWNER TRUSTEE
	  	8
			
	 SECTION 4.1.
	  	Prior Notice to Certificateholder with Respect to Certain Matters	  	8
	 SECTION 4.2.
	  	Action by Certificateholder with Respect to Certain Matters	  	8
	 SECTION 4.3.
	  	Action by Certificateholder with Respect to Bankruptcy	  	9
	 SECTION 4.4.
	  	Restrictions on Certificateholder’s Power	  	9
	 SECTION 4.5.
	  	Majority Control	  	9
		
	 ARTICLE V        APPLICATION OF TRUST FUNDS; CERTAIN
DUTIES
	  	9
			
	 SECTION 5.1.
	  	Application of Trust Funds	  	9
	 SECTION 5.2.
	  	Sarbanes-Oxley Act	  	10
	 SECTION 5.3.
	  	Signature on Returns	  	10
	 SECTION 5.4.
	  	Accounting and Reports to Certificateholders, the Internal Revenue Service and Others	  	10
	 SECTION 5.5.
	  	Method of Payment	  	10
		
	 ARTICLE VI        AUTHORITY AND DUTIES OF OWNER TRUSTEE
	  	11
			
	 SECTION 6.1.
	  	General Authority	  	11
	 SECTION 6.2.
	  	General Duties	  	11

  

 i 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	 	  	Page
			
	 SECTION 6.3.
	  	Action upon Instruction	  	11
	 SECTION 6.4.
	  	No Duties Except as Specified in this Agreement or in Instructions	  	12
	 SECTION 6.5.
	  	No Action Except under Specified Documents or Instructions	  	12
	 SECTION 6.6.
	  	Restrictions	  	13
	 SECTION 6.7.
	  	Administrative Duties	  	13
		
	 ARTICLE VII        CONCERNING OWNER TRUSTEE
	  	16
			
	 SECTION 7.1.
	  	Acceptance of Trusts and Duties	  	16
	 SECTION 7.2.
	  	Furnishing of Documents	  	18
	 SECTION 7.3.
	  	Representations and Warranties	  	18
	 SECTION 7.4.
	  	Reliance; Advice of Counsel	  	18
	 SECTION 7.5.
	  	Not Acting in Individual Capacity	  	19
	 SECTION 7.6.
	  	The Owner Trustee May Own Notes	  	19
		
	 ARTICLE VIII        COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE

	  	19
			
	 SECTION 8.1.
	  	Owner Trustee’s Fees and Expenses	  	19
	 SECTION 8.2.
	  	Indemnification	  	20
	 SECTION 8.3.
	  	Payments to the Owner Trustee	  	20
		
	 ARTICLE IX        TERMINATION OF TRUST AGREEMENT
	  	20
			
	 SECTION 9.1.
	  	Termination of Trust Agreement	  	20
	 SECTION 9.2.
	  	Dissolution of the Issuer	  	21
	 SECTION 9.3.
	  	Limitations on Termination	  	21
		
	 ARTICLE X        SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES

	  	21
			
	 SECTION 10.1.
	  	Eligibility Requirements for the Owner Trustee	  	21
	 SECTION 10.2.
	  	Resignation or Removal of the Owner Trustee	  	21
	 SECTION 10.3.
	  	Successor Owner Trustee	  	22
	 SECTION 10.4.
	  	Merger or Consolidation of the Owner Trustee	  	23
	 SECTION 10.5.
	  	Appointment of Co-Trustee or Separate Trustee	  	23
		
	 ARTICLE XI        MISCELLANEOUS
	  	24
			
	 SECTION 11.1.
	  	Amendments	  	24
	 SECTION 11.2.
	  	No Legal Title to Trust Estate in Certificateholder	  	25
	 SECTION 11.3.
	  	Limitations on Rights of Others	  	25
	 SECTION 11.4.
	  	Notices	  	25
	 SECTION 11.5.
	  	Severability	  	26
	 SECTION 11.6.
	  	Separate Counterparts	  	26
	 SECTION 11.7.
	  	Successors and Assigns	  	26

  

 ii 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	 	  	Page
			
	 SECTION 11.8.
	  	No Petition	  	26
	 SECTION 11.9.
	  	Information Request	  	27
	 SECTION 11.10.
	  	Headings	  	28
	 SECTION 11.11.
	  	GOVERNING LAW	  	28
	 SECTION 11.12.
	  	Waiver of Jury Trial	  	28
	 SECTION 11.13.
	  	Form 10-D and Form 10-K Filings	  	28
	 SECTION 11.14.
	  	Form 8-K Filings	  	28
	 SECTION 11.15.
	  	Indemnification	  	28

  

					
	EXHIBIT A	  	FORM OF CERTIFICATE	  	
			
	EXHIBIT B	  	FORM OF TRANSFEROR CERTIFICATE	  	

  

 iii 

 This AMENDED AND RESTATED TRUST AGREEMENT is made as of June 24, 2010 (as from
time to time amended, supplemented or otherwise modified and in effect, this “Agreement”) between BANK OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC, a Delaware limited liability company, as the depositor (the
“Depositor”), and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as the owner trustee (the “Owner Trustee”). 

RECITALS 

WHEREAS, the Depositor, the Administrator and the Owner Trustee entered into that certain Trust Agreement dated as of October 15,
2009 (the “Original Trust Agreement”), pursuant to which the Issuer (as defined below) was created; and 

WHEREAS, in connection with the issuance of the Notes, the parties have agreed to amend and restate the Original Trust Agreement;

 NOW THEREFORE, IN CONSIDERATION of the mutual agreements herein contained, and of other good and valuable consideration, the
receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 
 ARTICLE I 

DEFINITIONS 

SECTION 1.1. Capitalized Terms. Unless otherwise indicated, capitalized terms used in this Agreement are defined in Appendix
A to the Sale Agreement dated as of the date hereof (as from time to time amended, supplemented or otherwise modified and in effect, the “Sale Agreement”) between the Issuer and the Depositor, as the same may be amended,
modified or supplemented from time to time. 
 SECTION 1.2. Other Interpretive Provisions. All terms defined in this
Agreement shall have the defined meanings when used in any certificate or other document delivered pursuant hereto unless otherwise defined therein. For purposes of this Agreement and all such certificates and other documents, unless the context
otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under GAAP; (b) terms
defined in Article 9 of the UCC as in effect in the State of Delaware 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 or Exhibit are references to Articles, Sections, Schedules 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) 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. For the avoidance of doubt, references in this Agreement or any other Transaction Document to a “Certificate” or a 

 

 Amended and Restated Trust Agreement 

(BAAT 2010-2) 

 
“Certificateholder” shall be deemed to be references to “Certificates” or “Certificateholders” if more than one Certificate has been issued. 

ARTICLE II 

ORGANIZATION 

SECTION 2.1. Name. The trust created under the Original Trust Agreement shall be known as “Bank of America Auto Trust
2010-2” (the “Issuer”), in which name the Owner Trustee may conduct the business of such trust, make and execute contracts and other instruments on behalf of such trust and sue and be sued. 

SECTION 2.2. Office. The office of the Issuer shall be in care of the Owner Trustee at the Corporate Trust Office or at such other
address as the Owner Trustee may designate by written notice to the Certificateholder, the Depositor and the Administrator. 

SECTION 2.3. Purposes and Powers. The purpose of the Issuer is, and the Issuer shall have the power and authority, to engage in
the following activities: 
 (a) to issue the Notes pursuant to the Indenture and to issue the Certificates,
pursuant to this Agreement, and to sell, transfer and exchange the Notes and the Certificates, to pay interest on and principal of the Notes to the Noteholders and to make distributions to the Certificateholder; 

(b) to acquire the motor vehicle receivables and related property from the Depositor pursuant to the terms of the Sale
Agreement, to make or cause to be made deposits to and withdrawals from the Collection Account, the Principal Distribution Account and the Reserve Account and to pay the organizational, start-up and transactional expenses of the Issuer to the extent
not paid by the Depositor; 
 (c) to assign, Grant, transfer, pledge, mortgage and convey the Trust Estate
pursuant to the Indenture and to hold, manage and distribute to the Certificateholder any portion of the Trust Estate released from the lien of, and remitted to the Issuer pursuant to, the Indenture; 

(d) to enter into and perform its obligations under the Transaction Documents to which it is a party; 

(e) to engage in those activities, including entering into agreements, that are necessary, suitable or convenient to
accomplish the foregoing or are incidental thereto or connected therewith; and 
 (f) subject to compliance with
the Transaction Documents, to engage in such other activities as may be required in connection with conservation of the Trust Estate. 
 The
Owner Trustee is hereby authorized to engage in the foregoing activities on behalf of the Issuer. Neither the Issuer nor the Owner Trustee on behalf of the Issuer shall engage in any 

 

					
		  	2	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
activity other than in connection with the foregoing or other than as required or authorized by the terms of this Agreement or the other Transaction Documents. 

SECTION 2.4. Appointment of the Owner Trustee. Upon the execution of this Agreement, the Owner Trustee shall continue as trustee
of the Issuer to have all the rights, powers and duties set forth herein. 
 SECTION 2.5. Initial Capital Contribution of
Trust Estate. As of the date of the Original Trust Agreement, the Depositor sold, assigned, transferred, conveyed and set over to the Owner Trustee the sum of $1. The Owner Trustee hereby acknowledges receipt in trust from the Depositor, as of
such date, of the foregoing contribution, which shall constitute the initial Trust Estate. 
 SECTION 2.6. Declaration of
Trust. The Owner Trustee hereby declares that it will hold the Trust Estate in trust upon and subject to the conditions set forth herein for the use and benefit of the Certificateholder, subject to the obligations of the Issuer under the
Transaction Documents. It is the intention of the parties hereto that the Issuer constitute a statutory trust under the Statutory Trust Act and that this Agreement constitute the governing instrument of such statutory trust. It is the intention of
the parties hereto that, solely for federal, state and local income, franchise and value added tax purposes: (1) if there is one beneficial owner of the Certificates, the Issuer shall be treated as a disregarded entity, and (2) if there is
more than one beneficial owner of the Certificates, the Issuer shall be treated as a partnership for income and franchise tax purposes, with (i) the assets of the partnership being the Receivables and other assets held by the Issuer,
(ii) the partners of the partnership being the Certificateholders and (iii) the Notes being debt of the partnership. The parties agree that, unless otherwise required by appropriate tax authorities, or provided herein, the Issuer will not
file or cause to be filed annual or other necessary tax returns, reports and other forms inconsistent with the characterization of the Issuer as a disregarded entity for federal, state and local income, franchise and value added tax purposes. In the
event that the Issuer has or is deemed to have more than one beneficial owner for federal income tax purposes (i.e., there is more than one beneficial owner of the Certificates for federal income tax purposes), the Issuer will file returns, reports
and other forms consistent with the characterization of the Issuer as a partnership, and this Agreement shall be amended to include such provisions as may be required under Subchapter K of the Code. For avoidance of doubt, no election will be made
by or on behalf of the Issuer to be classified as an association taxable as a corporation, for federal income tax purposes. Effective as of the date hereof, the Owner Trustee shall have all rights, powers and duties set forth herein and in the
Statutory Trust Act with respect to accomplishing the purposes of the Issuer. The Owner Trustee filed the Certificate of Trust with the Secretary of State of the State of Delaware as required by Section 3810(a) of the Statutory Trust Act.
Notwithstanding anything herein or in the Statutory Trust Act to the contrary, it is the intention of the parties hereto that the Issuer constitute a “business trust” within the meaning of Section 101(9)(A)(v) of the Bankruptcy Code.
For each taxable year of the Issuer, pursuant to Sections 7704(c) and 7704(a) of the Code, the principal activity of the Issuer will consist of purchasing and holding receivables and issuing and paying notes, and at least 90% of the Issuer’s
gross income for each taxable year of the Issuer will constitute “qualifying income” under such Code provisions in the form of interest and gains from such receivables and other qualifying income. 

 

					
		  	3	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 SECTION 2.7. Organizational Expenses; Liabilities of the Holders. 

(a) The Depositor shall pay organizational expenses of the Issuer as they may arise. 

(b) No Certificateholder (including the Depositor, if the Depositor is or becomes a Certificateholder) shall have any
personal liability for any liability or obligation of the Issuer. 
 SECTION 2.8. Title to the Trust Estate. Legal title
to all the Trust Estate shall be vested at all times in the Issuer as a separate legal entity. 
 SECTION 2.9.
Representations and Warranties of the Depositor. The Depositor hereby represents and warrants to the Owner Trustee that: 

(a) Existence and Power. The Depositor is a Delaware limited liability company validly existing and in good
standing under the laws of the State of Delaware and has, in all material 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. The Depositor has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect the ability of the Depositor to perform its
obligations under the Transaction Documents and the Underwriting Agreement. 
 (b) Authorization and No
Contravention. The execution, delivery and performance by the Depositor of each Transaction Document to which it is a party and the Underwriting Agreement (i) have been duly authorized by all necessary action on the part of the Depositor
and (ii) do not violate or constitute a default under (A) any applicable law, rule or regulation, (B) its organizational instruments or (C) 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, indenture 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 to which it is a party and the Underwriting Agreement). 

(c) No Consent Required. No approval, authorization or other action by, or filing with, any Governmental Authority
is required in connection with the execution, delivery and performance by the Depositor of any Transaction Document or the Underwriting Agreement other than UCC filings and other than (i) approvals and authorizations that have previously been
obtained and filings which have previously been made and (ii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the ability of the Depositor to perform its obligations under the
Underwriting Agreement or the Transaction Documents to which it is a party. 
  

					
		  	4	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 (d) Binding Effect. Each of the Transaction Documents to which the
Depositor is a party and the Underwriting Agreement 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 other similar laws affecting creditors’ rights generally and, if applicable, the rights of creditors of limited liability companies from time to time in effect
or by general principles of equity or other similar laws of general application relating to or affecting the enforcement of creditors’ rights generally and subject to general principles of equity. 

(e) No Proceedings. There are no actions, orders, 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, any of the other Transaction Documents or the Underwriting Agreement, (ii) seek to
prevent the issuance of the Notes or the Certificates or the consummation of any of the transactions contemplated by this Agreement, any of the other Transaction Documents or the Underwriting Agreement or (iii) seek any determination or ruling
that would materially and adversely affect the performance by the Depositor of its obligations under this Agreement, any of the other Transaction Documents or the Underwriting Agreement. 

SECTION 2.10. Situs of Issuer. The Issuer shall be located and administered in the State of Delaware (it being understood that the
Issuer may have bank accounts located and maintained outside of Delaware). 
 ARTICLE III 

CERTIFICATES AND TRANSFER OF CERTIFICATES 

SECTION 3.1. Initial Ownership. Upon the formation of the Issuer and until the issuance of the Certificates, the Depositor is the
sole beneficiary of the Issuer; and on the Closing Date, upon the issuance of the initial Certificate, the Depositor will no longer be a beneficiary of the Issuer, except to the extent that the Depositor is the Holder of such Certificate.

 SECTION 3.2. Authentication of the Certificates. 

(a) Concurrently with the sale of the Purchased Assets to the Issuer pursuant to the Sale Agreement, the Owner Trustee
shall cause the initial Certificate to be executed on behalf of the Issuer, authenticated and delivered to the Depositor, and signed by any vice president, secretary, any assistant secretary, treasurer or any assistant treasurer of the Owner
Trustee, without further corporate action by the Depositor. 
 (b) The Certificates shall represent 100% of the
beneficial interest in the Issuer and shall, to the fullest extent permitted by applicable law, be fully paid and nonassessable. 

SECTION 3.3. Form of the Certificate. Each Certificate, upon issuance, will be a typewritten, definitive Certificate,
substantially in the form of Exhibit A hereto and shall be 
  

					
		  	5	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
registered in the name of “Bank of America Auto Receivables Securitization, LLC” or its nominee as the initial registered owner thereof. 

SECTION 3.4. Registration of the Certificates. The Owner Trustee shall maintain at its office referred to in
Section 2.2, or at the office of any agent appointed by it and approved in writing by the Certificateholders at the time of such appointment, a register for the registration and transfer of any Certificate, and the Owner Trustee or such
agent shall promptly notify the Indenture Trustee of any change in the registered ownership of a Certificate. 
 SECTION 3.5.
Transfer of the Certificate. (a) Any Certificateholder may assign, convey or otherwise transfer all or any of its right, title and interest in the related Certificate; provided, that (i) such transferee is either an Affiliate
of the Depositor or is a Qualified Institutional Buyer, (ii) the Owner Trustee and the Issuer receive an Opinion of Counsel stating that, in the opinion of such counsel, such transfer will not cause the Issuer to be treated as an association
(or a publicly traded partnership) taxable as a corporation for federal income tax purposes, (iii) such Certificate may not be acquired by or for the account of or with the assets of a Benefit Plan, (iv) such transfer is made to a U.S. Tax
Person and (v) the transferee provides a certificate substantially in the form of Exhibit B. By accepting a Certificate (or any interest therein), the Holder thereof shall be deemed to have represented and warranted that (a) it is not (and
will not be) a Benefit Plan and is not (and will not be) accepting or holding such Certificate (or any interest therein) on behalf of or with assets of a Benefit Plan and (b) either it (x) is not (and it will not be) and is not (and will
not be) acting on behalf of or using assets of a governmental, non-U.S. or church plan, which is subject to any Similar Law or (y) its purchase, ownership and disposition of such Certificate or any interest therein will not result in a
non-exempt violation of any Similar Law. The Owner Trustee shall have no duty to independently determine that the requirement in (iii) above is met and shall incur no liability to any Person in the event the Certificateholder does not comply
with such restrictions. Subject to the transfer restrictions contained herein and in the Certificates, any Certificateholder may transfer all or any portion of the beneficial interest in the Issuer evidenced by such Certificate upon surrender
thereof to the Owner Trustee accompanied by the documents (including the Opinion of Counsel) required by this Section. Such transfer may be made by a registered Certificateholder in person or by his attorney duly authorized in writing upon surrender
of the Certificate to the Owner Trustee accompanied by a written instrument of transfer and with such signature guarantees and evidence of authority of the Persons signing the instrument of transfer as the Owner Trustee may reasonably require.
Promptly upon the receipt of such documents (including the Opinion of Counsel) and receipt by the Owner Trustee of the transferor’s Certificate, the Owner Trustee shall record the name of such transferee as a Certificateholder and its
percentage of beneficial interest in the Issuer in the Certificate register and issue, execute and deliver to such Certificateholder a Certificate evidencing such beneficial interest in the Issuer. In the event a transferor transfers only a portion
of its beneficial interest in the Issuer, the Owner Trustee shall register and issue to such transferor a new Certificate evidencing such transferor’s new percentage of beneficial interest in the Issuer and shall issue, execute and deliver to
such transferee a new Certificate evidencing such transferee’s percentage of beneficial interest in the Issuer. Subsequent to each transfer of beneficial interest and upon the issuance of the new Certificate or Certificates, the Owner Trustee
shall cancel and destroy the Certificate surrendered to it in connection with such transfer. The Owner Trustee may treat, for all purposes whatsoever, 

 

					
		  	6	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
the Person in whose name any Certificate is registered as the sole owner of the beneficial interest in the Issuer evidenced by such Certificate. 

(b) As a condition precedent to any registration of transfer under this Section 3.5, the Owner Trustee may
require the payment of a sum sufficient to cover the payment of any tax or taxes or other governmental charges required to be paid in connection with such transfer. 

(c) The Owner Trustee shall not be obligated to register any transfer of a Certificate unless each of the transferor and
the transferee have certified to the Owner Trustee that such transfer does not violate any of the transfer restrictions stated herein including, but not limited to clauses (d) and (e) of this Section 3.5. The
Owner Trustee shall not be liable to any Person for registering any transfer based on such certifications. 
 (d)
No transfer (or purported transfer) of all or any part of a Certificateholder’s beneficial interest (or any economic interest therein), whether to another Certificateholder or to a Person who is not a Certificateholder, shall be effective, and
any such transfer (or purported transfer) shall be void ab initio, and no Person shall otherwise become a Certificateholder if, after such transfer (or purported transfer), the Issuer would have more than 95 direct or indirect holders of an
interest in the Certificates. For purposes of determining whether the Issuer will have more than 95 direct or indirect holders of an interest in the Certificates, each Person indirectly owning an interest through a partnership (including any entity
treated as a partnership for federal income tax purposes), a grantor trust or an S corporation (each such entity, a “flow-through entity”) shall be treated as a Certificateholder or a Noteholder, as applicable, unless less than 50%
of the value of the beneficial owner’s interest in the flow-through entity is attributable to the flow-through entity’s interest (direct or indirect) in the Issuer. 

(e) No transfer shall be permitted if the same is effected through an established securities market or secondary market
(or the substantial equivalent thereof) within the meaning of Section 7704 of the Code and any proposed, temporary or final Treasury regulations thereunder or would make the Issuer ineligible for “safe harbor” treatment under
Section 7704 of the Code. 
 (f) Each prospective transferee of a Certificate shall be required to represent
and warrant that it is a U.S. Tax Person. By its acceptance of a Certificate, each prospective Holder agrees and acknowledges that no legal or beneficial interest in all or any portion of any Certificate may be transferred directly or indirectly to
an individual, corporation, partnership or other Person unless such transferee is a U.S. Tax Person and any such purported transfer shall be void and of no effect. Each such transferee or holder of a Certificate shall provide a properly completed,
signed and maintained IRS Form W-9 (or applicable successor form) to the Indenture Trustee and the Owner Trustee. 
 SECTION
3.6. Lost, Stolen, Mutilated or Destroyed Certificates. If (i) any mutilated Certificate is surrendered to the Owner Trustee, or (ii) the Owner Trustee receives evidence to its satisfaction that any Certificate has been destroyed,
lost or stolen, and upon proof of ownership satisfactory to the Owner Trustee together with such security or indemnity on behalf of the Issuer 

 

					
		  	7	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
as may be requested by the Owner Trustee to save it harmless, the Owner Trustee shall execute and deliver a new Certificate for the same percentage of beneficial interest in the Issuer as the
Certificate so mutilated, destroyed, lost or stolen, of like tenor and bearing a different issue number, with such notations, if any, as the Owner Trustee shall determine. Upon the issuance of any new Certificate under this Section 3.6,
the Issuer or Owner Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of the Certificate and any other reasonable expenses (including the
reasonable fees and expenses of the Issuer and the Owner Trustee) connected therewith. Any duplicate Certificate issued pursuant to this Section 3.6 shall constitute complete and indefeasible evidence of ownership in the Issuer, as if
originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time. 
 ARTICLE IV 

 ACTIONS BY OWNER TRUSTEE 

SECTION 4.1. Prior Notice to Certificateholder with Respect to Certain Matters. With respect to the following matters, unless the
Indenture, the Sale Agreement or the Servicing Agreement, as applicable, provides that the consent of the Certificateholders shall not be required, the Owner Trustee shall not take action, on behalf of the Issuer or as Owner Trustee, unless at least
10 days before the taking of such action (or if 10 days’ advance notice is impracticable, as much advance notice as is practicable), the Owner Trustee shall have notified the Certificateholder in writing of the proposed action and the
Certificateholder shall not have notified the Owner Trustee in writing that the Certificateholder has withheld consent or provided alternative direction: 

(a) the amendment of the Indenture by a supplemental indenture in circumstances where the consent of any Noteholder is
required; 
 (b) the amendment of the Indenture by a supplemental indenture in circumstances where the consent of
any Noteholder is not required and such amendment materially adversely affects the interests of the Certificateholder; 

(c) the amendment, change or modification of the Sale Agreement or the Servicing Agreement, except to cure any ambiguity
or defect or to amend or supplement any provision in a manner that would not materially adversely affect the interests of the Certificateholder; or 

(d) the appointment pursuant to the Indenture of a successor Indenture Trustee or the consent to the assignment by the
Note Registrar or the Indenture Trustee of its obligations under the Indenture or this Agreement, as applicable. 
 SECTION 4.2.
Action by Certificateholder with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the direction of the Certificateholders, to (a) except as expressly provided in the Transaction Documents,
sell the Collateral after the termination of the Indenture in accordance with its terms, (b) remove the Administrator under the Administration Agreement pursuant to Section 8 thereof or (c) appoint a successor Administrator

  

					
		  	8	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
under the Administration Agreement pursuant to Section 8 thereof. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed
by the Certificateholders holding in the aggregate more than 50% of the beneficial interest in the Issuer at the time of such action. 

SECTION 4.3. Action by Certificateholder with Respect to Bankruptcy. The Owner Trustee shall not have the power to
commence a voluntary Proceeding in bankruptcy relating to the Issuer until one year and one day after the Note Balance has been reduced to zero, and without the prior written approval of the Certificateholder and the delivery to the Owner Trustee by
the Certificateholder of a certificate certifying that the Certificateholder reasonably believes that the Issuer is insolvent. 

SECTION 4.4. Restrictions on Certificateholder’s Power. The Certificateholder shall not direct the Owner Trustee to
take or refrain from taking any action if such action or inaction would be contrary to any obligation of the Issuer or the Owner Trustee under this Agreement or any of the Transaction Documents or would be contrary to Section 2.3, nor
shall the Owner Trustee be obligated to follow any such direction, if given. 
 SECTION 4.5. Majority Control. To the
extent that there is more than one Certificateholder, any action which may be taken or consent or instructions which may be given by the Certificateholder under this Agreement may be taken by Certificateholders holding in the aggregate a percentage
of the beneficial interest in the Issuer equal to more than 50% of the beneficial interest in the Issuer at the time of such action. 

ARTICLE V 

APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 

SECTION 5.1. Application of Trust Funds. Distributions on the Certificates shall be made in accordance with the provisions of the
Indenture. Subject to the Lien of the Indenture, the Owner Trustee shall promptly distribute to the Certificateholder all other amounts (if any) received by the Owner Trustee on behalf of the Issuer in respect of the Trust Estate. After the
termination of the Indenture in accordance with its terms, the Owner Trustee shall, at the direction of the Certificateholder, distribute all amounts received (if any) by the Owner Trustee on behalf of the Issuer in respect of the Trust Estate. If
any withholding tax is imposed on the Issuer’s payment (or allocations of income) to a Certificateholder, such tax shall reduce the amount otherwise distributable to the Certificateholder in accordance with this Section 5.1;
provided that the Owner Trustee shall not have an obligation to withhold any such amount if and for so long as the Depositor is the sole Certificateholder. The Owner Trustee is hereby authorized and directed to withhold from amounts otherwise
distributable to the Certificateholders sufficient funds for the payment of any tax that is legally owed by the Issuer (but such authorization shall not prevent the Owner Trustee from contesting any such tax in appropriate proceedings and
withholding payment of such tax, if permitted by law, pending the outcome of such proceedings). The amount of any withholding tax imposed with respect to a Certificateholder shall be treated as cash distributed to such Certificateholder at the time
it is withheld by the Issuer and remitted to the appropriate taxing authority. If there is a possibility that withholding tax is payable with respect to a distribution (such as a distribution to a non-U.S.

  

					
		  	9	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
Certificateholder), the Owner Trustee may in its sole discretion withhold such amounts in accordance with this Section 5.1. If a Certificateholder wishes to apply for a refund of any
such withholding tax, the Owner Trustee shall reasonably cooperate with such Certificateholder in making such claim so long as such Certificateholder agrees to reimburse the Owner Trustee for any out-of-pocket expenses incurred. 

SECTION 5.2. Sarbanes-Oxley Act. Notwithstanding anything to the contrary herein or in any Transaction Document, the Owner Trustee
shall not be required to execute, deliver or certify in accordance with the provisions of the Sarbanes-Oxley Act on behalf of the Issuer or any other Person, any periodic reports filed pursuant to the Exchange Act, or any other documents pursuant to
the Sarbanes-Oxley Act. 
 SECTION 5.3. Signature on Returns. Subject to Section 2.6, the Certificateholder
holding the largest percentage interest in the Certificate shall sign on behalf of the Issuer the tax returns of the Issuer, unless applicable law requires the Owner Trustee to sign such documents, in which case such documents shall be signed by the
Owner Trustee at the written direction of the Certificateholder holding the largest percentage interest in the Certificate. 

SECTION 5.4. Accounting and Reports to Certificateholders, the Internal Revenue Service and Others. The Owner Trustee shall
(a) maintain (or cause to be maintained) the books of the Issuer on a calendar year basis and the accrual method of accounting, (b) deliver (or cause to be delivered) to each Certificateholder, as may be required by the Code and applicable
Treasury Regulations, such information as may be required (including Schedule K-1 if the Issuer is treated as a partnership for federal income tax purposes) to enable each Certificateholder to prepare its federal and state income tax returns,
(c) prepare (or cause to be prepared), file (or cause to be filed) such tax returns relating to the Issuer (including a partnership information return, IRS Form 1065 if the Issuer is treated as a partnership for federal income tax purposes) and
make such elections as from time to time may be required or appropriate under any applicable state or federal statute or any rule or regulation thereunder so as to prevent the Issuer from being taxed as a corporation, (d) cause such tax returns
to be signed in the manner required by law and (e) collect or cause to be collected any withholding tax as described in and in accordance with Section 5.1 with respect to income or distributions to Certificateholders. If the Issuer
is treated as a partnership for federal tax purposes, the Issuer shall elect under Section 1278 of the Code to include in its current income any market discount that accrues with respect to the Receivables. The Owner Trustee shall not make the
election provided under Section 754 of the Code. 
 SECTION 5.5. Method of Payment. Subject to the Indenture,
distributions required to be made to the Certificateholder on any Payment Date and all amounts received by the Issuer or the Owner Trustee on any other date that are payable to the Certificateholder pursuant to this Agreement or any other
Transaction Document shall be made to the Certificateholder by wire transfer, in immediately available funds, to the account of the Certificateholder designated by the Certificateholder to the Owner Trustee and Indenture Trustee in writing.

  

					
		  	10	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 ARTICLE VI 

AUTHORITY AND DUTIES OF OWNER TRUSTEE 

SECTION 6.1. General Authority. The Owner Trustee is authorized and directed to execute and deliver on behalf of the Issuer
(a) the Transaction Documents to which the Issuer is named as a party and (b) each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents, which the Issuer or the Owner Trustee is required to
execute or to which the Issuer or the Owner Trustee is named as a party, as applicable, and any amendment thereto, in each case, in such form as the Depositor shall approve, as evidenced conclusively by the Owner Trustee’s execution thereof,
and at the written direction of the Depositor, to direct the Authenticating Agent to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $340,005,000, Class A-2 Notes in the aggregate principal amount of
$240,000,000, the Class A-3 Notes in the aggregate principal amount of $481,000,000 and Class A-4 Notes in the aggregate principal amount of $191,126,000. In addition to the foregoing, the Owner Trustee is authorized, but shall not be
obligated, to take all actions required of the Issuer pursuant to the Transaction Documents. The Owner Trustee is further authorized from time to time to take such action as the Depositor or the Certificateholder recommends or directs in writing
with respect to the Transaction Documents, except to the extent that this Agreement expressly requires the consent of the Certificateholder for such action. 

SECTION 6.2. General Duties. It shall be the duty of the Owner Trustee to discharge (or cause to be discharged) all of its
responsibilities pursuant to the terms of this Agreement and the other Transaction Documents and to administer the Issuer in the interest of the Certificateholder, subject to Transaction Documents, and in accordance with the provisions of this
Agreement. The Owner Trustee shall have no obligation to administer, service or collect the Receivables or to maintain, monitor or otherwise supervise the administration, servicing or collection of the Receivables. Notwithstanding the foregoing, the
Owner Trustee shall be deemed to have discharged its duties and responsibilities hereunder and under the Transaction Documents to the extent the Administrator has agreed in the Administration Agreement to perform any act or to discharge any duty of
the Issuer or the Owner Trustee hereunder or under any Transaction Document, and the Owner Trustee shall not be liable for the default or failure of the Administrator to carry out its obligations under the Administration Agreement and shall have no
duty to monitor the performance of the Administrator or any other Person under the Administration Agreement or any other Transaction Document. The Owner Trustee shall have no obligation to administer, service or collect the Receivables or to
maintain, monitor or otherwise supervise the administration, servicing or collection of the Receivables. The Owner Trustee shall not be required to perform any of the obligations of the Issuer under any Transaction Document that are required to be
performed by BANA, the Servicer, the Depositor, the Administrator or the Indenture Trustee. 
 SECTION 6.3. Action upon
Instruction. (a) Subject to Article IV, and in accordance with the Transaction Documents, the Certificateholder may, by written instruction, direct the Owner Trustee in the management of the Issuer. 

(b) Subject to Section 7.1, the Owner Trustee shall not be required to take any action hereunder or under any
Transaction Document if the Owner Trustee shall have 
  

					
		  	11	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
reasonably determined or been advised by counsel that such action is likely to result in liability on the part of the Owner Trustee or is contrary to the terms hereof or of any Transaction
Document or is otherwise contrary to law. 
 (c) Whenever the Owner Trustee is unable to decide between
alternative courses of action permitted or required by the terms of this Agreement or any Transaction Document or is unsure as to the application of any provision of this Agreement or any Transaction Document or any such provision is ambiguous as to
its application, or is, or appears to be, in conflict with any other applicable provision, or in the event that this Agreement permits any determination by the Owner Trustee or is silent or is incomplete as to the course of action that the Owner
Trustee is required to take with respect to a particular set of facts, the Owner Trustee shall promptly give notice (in such form as shall be appropriate under the circumstances) to the Certificateholder requesting written instruction as to the
course of action to be adopted or application of such provision, and to the extent the Owner Trustee acts or refrains from acting in good faith in accordance with any written instruction of the Certificateholder received, the Owner Trustee shall not
be liable on account of such action or inaction to any Person. If the Owner Trustee shall not have received appropriate instruction within 10 days of such notice (or within such shorter period of time as reasonably may be specified in such notice or
may be necessary under the circumstances) it may, but shall be under no duty to, take or refrain from taking such action, not inconsistent with this Agreement or the Transaction Documents, as it shall deem to be in the best interests of the
Certificateholder, and shall have no liability to any Person for such action or inaction. 
 SECTION 6.4. No Duties Except as
Specified in this Agreement or in Instructions. The Owner Trustee shall not have any duty or obligation to manage, make any payment with respect to, register, record, sell, dispose of, or otherwise deal with the Trust Estate, or to otherwise
take or refrain from taking any action under, or in connection with, any document contemplated hereby to which the Issuer or the Owner Trustee is a party, except as expressly provided by the terms of this Agreement or in any document or written
instruction received by the Owner Trustee pursuant to Section 6.3; and no implied duties or obligations shall be read into this Agreement or any Transaction Document against the Owner Trustee. The Owner Trustee shall have no
responsibility for filing any financing or continuation statement or amendment thereto in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or Lien granted by the Issuer or to prepare or file
any Commission filing for the Issuer or to record this Agreement or any Transaction Document. Wilmington Trust Company nevertheless agrees that it will, at its own cost and expense, promptly take all action as may be necessary to discharge any Liens
on any part of the Trust Estate that result from actions by, or claims against, Wilmington Trust Company that are not related to the ownership or the administration of the Trust Estate. 

SECTION 6.5. No Action Except under Specified Documents or Instructions. The Owner Trustee shall not manage, control, use, sell,
dispose of or otherwise deal with any part of the Trust Estate except (a) in accordance with the powers granted to and the authority conferred upon the Owner Trustee pursuant to this Agreement, (b) in accordance with the Transaction
Documents and (c) in accordance with any document or instruction delivered to the Owner Trustee pursuant to Section 6.3. 
  

					
		  	12	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 SECTION 6.6. Restrictions. The Owner Trustee shall not take any action (a) that
is inconsistent with the purposes of the Issuer set forth in Section 2.3 or (b) that, to the actual knowledge of a Responsible Officer of the Owner Trustee, would (i) affect the treatment of the Notes as indebtedness for
federal income, state and local income, franchise and value added tax purposes, (ii) be deemed to cause a taxable exchange of the Notes for federal income or state income or franchise tax purposes or (iii) cause the Issuer or any portion
thereof to be treated as an association or publicly traded partnership taxable as a corporation for federal income tax purposes. The Certificateholder shall not direct the Owner Trustee to take action that would violate the provisions of this
Section. 
 SECTION 6.7. Administrative Duties. 

(a) The Owner Trustee shall prepare or shall cause the preparation by other appropriate Persons (and such preparation
shall not be the responsibility of the Depositor, the Administrator, the Indenture Trustee or the Servicer) of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or
deliver pursuant to the Indenture with respect to the following matters under the Indenture, the Sale Agreement and the Servicing Agreement: 

(i) upon request, the provision to the Servicer, of evidence of the assignment in trust for the benefit of the Issuer, as
applicable, as may be reasonably necessary for such Person to participate in a legal Proceeding relating to or involving a Receivable or a Defaulted Receivable (Section 3.1 of the Servicing Agreement); 

(ii) upon request, the furnishing to the Servicer any of powers of attorney and other documents and take any other steps
which such Person may deem necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties under the Servicing Agreement (Section 3.1 of the Servicing Agreement); 

(iii) upon actual knowledge thereof, notification to the Servicer of a breach of the covenants set forth in
Section 3.2, 3.5 or 3.6 of the Servicing Agreement that materially and adversely affects the interest of the Noteholders (Section 3.7 of the Servicing Agreement); and 

(iv) upon request, the provision of any information in the possession of the Owner Trustee reasonably requested by the
Servicer, the Issuer, the Depositor or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle (Section 4.1(b) of the Sale Agreement).

 (b) It is understood and agreed that the Owner Trustee shall be entitled to engage outside counsel, independent accountants
and other experts to assist the Owner Trustee in connection with the performance of its duties set forth in Sections 5.4 and 6.7, including the preparation of all tax reports and returns, Opinions of Counsel and Independent
Certificates and 
  

					
		  	13	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
the Owner Trustee shall be reimbursed for the expenses of such counsel, accountants and experts in accordance with the priority set forth in Section 8.4 of the Indenture. The Owner
Trustee shall not be obligated to engage any counsel, accountant or expert or perform any duty as required under Section 5.4 and this Section 6.7 for which reimbursement would exceed $1,000 until such amount has been paid to
the Owner Trustee, if payment of such reimbursable amount is required of the Owner Trustee prior to the next Payment Date. 

(c) The Depositor shall furnish to the Owner Trustee from time to time such additional information regarding the Issuer or the
Transaction Documents as the Owner Trustee shall reasonably request. 
 (d) The Owner Trustee shall not be responsible for
taking any action with respect to this Section 6.7 unless a Responsible Officer in the Corporate Trust Office of the Owner Trustee has actual knowledge or has received written notice of the need to take such action. 

(e) The rights and protections afforded to the Owner Trustee pursuant to Articles VII and VIII of this Agreement shall
also be afforded to the Owner Trustee with respect to the performance of its administrative duties under this Section 6.7. 

(f) The Depositor shall prepare or shall cause the preparation by other appropriate Persons (and such preparation shall not be the
responsibility of the Administrator, the Owner Trustee, the Indenture Trustee or the Servicer) of all such documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant
to the Indenture with respect to the following matters under the Indenture, the Sale Agreement and the Servicing Agreement: 

(i) assistance in the obtaining and preserving of the Issuer’s qualification to do business in each jurisdiction in
which such qualification is or shall be necessary to protect the validity and enforceability of the Transaction Documents to which the Issuer is a party, the Notes, the Collateral and each other instrument and agreement included in the Trust Estate
(Section 3.4 of the Indenture); 
 (ii) the preparation of all supplements and amendments to the
Indenture, instruments of further assurance and other instruments and the taking of such other action as is necessary or advisable to protect the Trust Estate, including the preparation and filing of any financing statements, amendments thereto and
continuation statements (Section 3.5 of the Indenture); 
 (iii) the delivery of the Opinion of Counsel on
the Closing Date and the annual delivery of Opinions of Counsel as to the Trust Estate, and the annual delivery of the Officer’s Certificate and certain other statements as to compliance with the Indenture (Sections 3.6 and 3.9 of
the Indenture); 
 (iv) the monitoring of the Issuer’s obligations as to the satisfaction and discharge of
the Indenture and the preparation of an Officer’s Certificate and the 
  

					
		  	14	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
obtaining of an Opinion of Counsel and the Independent Certificate relating thereto (Section 4.1 of the Indenture); 

(v) the performance of any lawful action as the Indenture Trustee may request to compel or secure the performance and
observance (1) by the Depositor of its obligations to the Issuer under or in connection with the Sale Agreement, (2) by the Servicer of the obligations to the Issuer under or in connection with the Servicing Agreement, (3) by the
First Tier Purchaser or BANA, as applicable, of each of their of the obligations under or in connection with the First Purchase Agreement, (4) by the First Tier Purchaser or the Second Tier Purchaser, as applicable, of each of their obligations
under or in connection with the Second Purchase Agreement, or (5) by the Second Tier Purchaser or the Depositor, as applicable of each of their obligations under or in connection with the Third Purchase Agreement in each case, in accordance
with the terms thereof, and to exercise any and all rights, remedies, powers and privileges lawfully available to the Issuer, if any, under or in connection with, the Servicing Agreement or the Transfer Agreements, in each case, in accordance with
the terms thereof, and to exercise any and all rights, remedies, powers and privileges lawfully available to the Issuer under or in connection with the Sale Agreement, the Servicing Agreement, the First Purchase Agreement, the Second Purchase
Agreement and the Third Purchase Agreement (Section 5.16 of the Indenture); 
 (vi) the preparation of any
written instruments required to confirm more fully the authority of any co-trustee or separate trustee and any written instructions necessary in connection with the resignation or removal of any co-trustee or separate trustee (Sections 6.8
and 6.10 of the Indenture); 
 (vii) the preparation of an Issuer Order and Officer’s Certificate and
the obtaining of an Opinion of Counsel and Independent Certificates and other documents, if necessary, for the release of the Collateral (Sections 2.9, 8.5, 8.6 10.1 and 11.1 of the Indenture); 

(viii) the preparation of Issuer Order and the obtaining of Opinions of Counsel with respect to the execution of
supplemental indentures and the mailing to the Noteholders of notices with respect to such supplemental indentures (Sections 9.1, 9.2 and 9.3 of the Indenture); 

(ix) the preparation and delivery of all Officer’s Certificates, Opinions of Counsel and Independent Certificates
with respect to any requests by the Issuer to the Indenture Trustee to take any action under the Indenture (Section 11.1 of the Indenture); 

(x) the recording of the Indenture, if applicable (Section 11.15 of the Indenture); 

(xi) preparation and filing of UCC continuation statements and amendments thereto and delivery of copies thereof
(Section 3.4 of the First 
  

					
		  	15	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement and the Sale Agreement and Section 3.5 of the Indenture); 

(xii) the filing in the proper filing offices and delivery to the Depositor of such financing statements and amendments
thereto and continuation and other statements as may be required to preserve, maintain and protect the interest of the Issuer under the First Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement and Sale Agreement in the
Receivables (Section 3.4(a) of First Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement and the Sale Agreement); and 

(xiii) the preparation, execution and delivery of such instruments as required to assign to the Servicer all of the
Issuer’s right, title and interest in, to and under each Receivable which the Servicer has purchased pursuant to Section 3.7 of the Servicing Agreement (Section 3.7 of the Servicing Agreement). 

ARTICLE VII 

CONCERNING OWNER TRUSTEE 

SECTION 7.1. Acceptance of Trusts and Duties. The Owner Trustee accepts the trusts hereby created and agrees to perform its duties
hereunder with respect to such trusts but only upon the terms of this Agreement. The Owner Trustee also agrees to disburse all moneys actually received by it constituting part of the Trust Estate in accordance with terms of the Transaction Documents
and this Agreement. The Owner Trustee shall not be personally liable or accountable hereunder or under any Transaction Document under any circumstances notwithstanding anything herein or in the Transaction Documents to the contrary, except
(a) for its own willful misconduct, bad faith or gross negligence, (b) in the case of the inaccuracy of any representation or warranty contained in Section 7.3 expressly made by Wilmington Trust Company in its individual
capacity, (c) for liabilities arising from the failure of Wilmington Trust Company to perform obligations expressly undertaken by it in the last sentence of Section 6.4 or (d) for taxes, fees or other charges on, based on or
measured by, any fees, commissions or compensation received by the Owner Trustee. In particular, but not by way of limitation (and subject to the exemptions set forth in the preceding sentence): 

(i) The Owner Trustee shall not be liable for any error of judgment made in good faith by any officer of the Owner
Trustee. 
 (ii) Under no circumstances shall the Owner Trustee be personally liable hereunder for any
indebtedness of the Issuer. 
 (iii) The Owner Trustee shall not be personally liable for the payment of any tax
imposed on the Issuer or amounts that are includable in the federal gross income of the Certificateholder. 

(iv) No provision of this Agreement shall require the Owner Trustee to expend or risk funds or otherwise incur any
financial liability in the performance of any of the Owner Trustee’s duties or powers hereunder, if the Owner Trustee 
  

					
		  	16	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
believes or is advised by its legal counsel that repayment of such funds or adequate indemnity against such risk or liability is not assured or provided to the Owner Trustee’s reasonable
satisfaction. 
 (v) Under no circumstance shall the Owner Trustee be liable for any representation, warranty,
covenant, or obligation or indebtedness of the Issuer hereunder or under the Transaction Documents or any other agreement, document or certificate contemplated by the foregoing. 

(vi) The Owner Trustee shall not be liable with respect to any action taken or omitted to be taken by the Indenture
Trustee or the Servicer and the Owner Trustee shall not be liable for performing or supervising the performance of any obligations or duties under this Agreement, the Sale Agreement, the Servicing Agreement or the Indenture, or under any other
document contemplated hereby or thereby, which are to be performed by the Indenture Trustee, the Servicer or any other Person under such documents. 

(vii) The Owner Trustee shall not be responsible for or in respect of the recitals herein, the validity or sufficiency of
this Agreement, or for the due execution hereof by the Depositor or for the form, character, genuineness, sufficiency, value or validity of any of the Trust Estate or for or in respect of the validity or sufficiency of the Transaction Documents or
any other document contemplated thereby to which the Owner Trustee is not a party. 
 (viii) Notwithstanding
anything contained herein or in any of the Transaction Documents to the contrary, the Owner Trustee shall not be required to take any action in any jurisdiction other than in the State of Delaware if the taking of such action will (i) require
the consent or approval or authorization or order of or the giving of notice to, or the registration with or taking of any action in respect of, any state or other Governmental Authority or agency of any jurisdiction other than the State of
Delaware; (ii) result in any fee, tax or other governmental charge under the laws of any jurisdiction or any political subdivisions thereof in existence on the date hereof other than the State of Delaware becoming payable by the Owner Trustee;
or (iii) subject the Owner Trustee to personal jurisdiction in any jurisdiction other than the State of Delaware for causes of action arising from acts unrelated to the consummation of the transactions by the Owner Trustee contemplated hereby.

 (ix) The Owner Trustee shall not be liable with respect to any action taken or omitted to be taken by it in
accordance with the instructions of the Certificateholder or the Servicer. 
 (x) The Owner Trustee shall be
under no duty to exercise any of the rights or powers vested in it by this Agreement, or to institute, conduct or defend any litigation under this Agreement or otherwise or in relation to this Agreement or any Transaction Document, at the request,
order or written direction of the Certificateholder, unless such Certificateholder has offered to provide to the 
  

					
		  	17	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
Owner Trustee, to the extent requested by the Owner Trustee, security or indemnity satisfactory to it against the costs, expenses and liabilities that may be incurred by the Owner Trustee therein
or thereby. The right of the Owner Trustee to perform any discretionary act enumerated in this Agreement or in any Transaction Document shall not be answerable for other than its gross negligence, bad faith or willful misconduct in the performance
of any such act. 
 (xi) Notwithstanding anything to the contrary herein, all funds deposited with the Owner
Trustee hereunder may be held in a non-interest bearing account and the Owner Trustee shall not be liable for any interest thereon or for any loss as a result of the investment thereof at the direction of the Certificateholder. 

SECTION 7.2. Furnishing of Documents. The Owner Trustee shall furnish to the Certificateholder promptly upon receipt of a written
request from the Certificateholder therefor, duplicates or copies of all reports, notices, requests, demands, certificates, financial statements and any other instruments furnished to the Owner Trustee under the Transaction Documents. 

SECTION 7.3. Representations and Warranties. Wilmington Trust Company hereby represents and warrants to the Depositor for the
benefit of the Certificateholder, that: 
 (a) It is a banking corporation duly incorporated and validly existing
in good standing under the laws of Delaware and having an office within the State of Delaware. It has all requisite corporate power and authority to execute, deliver and perform its obligations under this Agreement. 

(b) It has taken all corporate action necessary to authorize the execution and delivery by it of this Agreement, and this
Agreement will be executed and delivered by one of its officers who is duly authorized to execute and deliver this Agreement on its behalf. 

(c) This Agreement constitutes a legal, valid and binding obligation of the Owner Trustee, enforceable against the Owner
Trustee in accordance with its terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other similar laws affecting enforcement of the rights of creditors of banks
generally and to equitable limitations on the availability of specific remedies. 
 (d) Neither the execution nor
the delivery by it of this Agreement, nor the consummation by it of the transactions contemplated hereby nor compliance by it with any of the terms or provisions hereof will contravene any federal or Delaware law, governmental rule or regulation
governing the banking or trust powers of the Owner Trustee or any judgment or order binding on it, or constitute any default under its charter documents or by-laws. 

SECTION 7.4. Reliance; Advice of Counsel. (a) The Owner Trustee shall incur no personal liability to anyone in acting upon
any signature, instrument, notice, resolution, request, consent, order, certificate, report, opinion, bond or other document or paper believed by it to be genuine and believed by it to be signed by the proper party or parties. The Owner Trustee may

  

					
		  	18	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
accept a certified copy of a resolution of the board of directors or other governing body of any corporate party as conclusive evidence that such resolution has been duly adopted by such body and
that the same is in full force and effect. As to any fact or matter the method of the determination of which is not specifically prescribed herein, the Owner Trustee may for all purposes hereof rely on a certificate, signed by the president or any
vice president or by the treasurer, secretary or other Authorized Officers (or Responsible Officer with respect to the Indenture Trustee) of the relevant party, as to such fact or matter, and such certificate shall constitute full protection to the
Owner Trustee for any action taken or omitted to be taken by it in good faith in reliance thereon. 
 (b) In the
exercise or administration of the trusts hereunder and in the performance of its duties and obligations under this Agreement or the Transaction Documents, the Owner Trustee (i) may act directly or, through its agents or attorneys pursuant to
agreements entered into with any of them, but the Owner Trustee shall not be personally liable for the conduct or misconduct of such agents, custodians, nominees (including persons acting under a power of attorney) or attorneys selected with
reasonable care and (ii) may consult with counsel, accountants and other skilled persons knowledgeable in the relevant area to be selected with reasonable care and employed by it at the expense of the Issuer. The Owner Trustee shall not be
personally liable for anything done, suffered or omitted in good faith by it in accordance with the written opinion or advice of any such counsel, accountants or other such persons. 

SECTION 7.5. Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts hereby
created, Wilmington Trust Company acts solely as the Owner Trustee hereunder and not in its individual capacity and all Persons having any claim against the Owner Trustee by reason of the transactions contemplated by this Agreement or any
Transaction Document shall look only to the Trust Estate for payment or satisfaction thereof. 
 SECTION 7.6. The Owner
Trustee May Own Notes. The Owner Trustee in its individual or any other capacity may become the owner or pledgee of Notes. The Owner Trustee may deal with the Depositor, the Underwriters, the Indenture Trustee, the Administrator and their
respective Affiliates in banking transactions with the same rights as it would have if it were not the Owner Trustee, and the Depositor, the Underwriters, the Indenture Trustee, the Administrator and their respective Affiliates may maintain normal
commercial banking relationships with the Owner Trustee and its Affiliates. 
 ARTICLE VIII 

COMPENSATION AND INDEMNIFICATION OF OWNER TRUSTEE 

SECTION 8.1. Owner Trustee’s Fees and Expenses. The Depositor shall cause the Servicer to pay to the Owner Trustee from time
to time compensation for all services rendered by the Owner Trustee under this Agreement pursuant to a fee letter between the Servicer and the Owner Trustee, and the Owner Trustee shall be reimbursed for its other reasonable expenses hereunder,
including the reasonable compensation, expenses and disbursements of such agents, representatives, experts and counsel as the Owner Trustee may employ in connection with the exercise and performance of its rights and its duties hereunder, by the
Servicer (or, to the extent 
  

					
		  	19	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
not paid by the Servicer, the Issuer shall pay such amounts in the priority set forth in Sections 5.4(b) and 8.4(a) of the Indenture, as applicable). 

SECTION 8.2. Indemnification. The Depositor shall cause the Servicer to agree to indemnify the Owner Trustee and its respective
successors, assigns, agents and servants (collectively, the “Indemnified Parties”) from and against, any and all liabilities, obligations, losses, damages, taxes, claims, actions and suits, and any and all reasonable costs, expenses
and disbursements (including reasonable legal fees and expenses) of any kind and nature whatsoever (collectively, “Expenses”) which may at any time be imposed on, incurred by, or asserted against the Owner Trustee, or any
Indemnified Party in any way relating to or arising out of this Agreement, the Transaction Documents, the Trust Estate, the administration of the Trust Estate or the action or inaction of the Owner Trustee hereunder, except only that neither the
Depositor nor the Servicer shall be liable for or required to indemnify an Indemnified Party from or against Expenses arising or resulting from (i) the willful misconduct, gross negligence or bad faith of the Owner Trustee, (ii) the
inaccuracy of any representation or warranty made by the Owner Trustee in Section 7.3, (iii) liabilities arising from the failure of the Owner Trustee to perform obligations expressly undertaken by it in the last sentence of
Section 6.4 or (iv) taxes, fees or other charges on, based on or measured by, any fees, commissions or compensation received by the Owner Trustee. To the extent not paid by the Servicer, such indemnification shall be paid by the
Issuer in accordance with Sections 5.4(b) and 8.4(a) of the Indenture, as applicable. The indemnities contained in this Section shall survive the resignation or termination of the Owner Trustee or the termination of this Agreement. In
the event of any claim, action or Proceeding for which indemnity will be sought pursuant to this Section, the Indemnified Party’s choice of legal counsel shall be subject to the approval of the Issuer, which approval shall not be unreasonably
withheld. When the Owner Trustee incurs expenses after the occurrence of an Event of Default under Sections 5.1(e) of the Indenture, the expenses are intended to constitute expenses of administration under the Bankruptcy Code or any
applicable federal or state bankruptcy, insolvency or similar law. 
 SECTION 8.3. Payments to the Owner Trustee. Any
amounts paid to the Owner Trustee pursuant to this Article VIII and the Sale Agreement shall be deemed not to be a part of the Trust Estate immediately after such payment. 

ARTICLE IX 

TERMINATION OF TRUST AGREEMENT 

SECTION 9.1. Termination of Trust Agreement. The Issuer shall wind-up and dissolve, and this Agreement (other than Article
VIII) shall terminate, upon the later of (a) the final distribution by the Owner Trustee of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture and Article V and (b) the
discharge of the Indenture in accordance with Article IV of the Indenture. The bankruptcy, liquidation, dissolution, death or incapacity of the Certificateholder shall not (x) operate to terminate this Agreement or the Issuer, nor
(y) entitle the Certificateholder’s legal representatives or heirs to claim an accounting or to take any action or Proceeding in any court for a partition or winding up of all or any part of the Issuer or Trust Estate nor
(z) otherwise affect the rights, obligations and liabilities of the parties hereto. 
  

					
		  	20	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 SECTION 9.2. Dissolution of the Issuer. Upon dissolution of the Issuer, the Owner
Trustee, acting at the written direction of the Administrator, shall wind up the business and affairs of the Issuer as required by Section 3808 of the Statutory Trust Act. Upon the satisfaction and discharge of the Indenture, and receipt of a
certificate from the Indenture Trustee stating that all Noteholders have been paid in full and that the Indenture Trustee is aware of no claims remaining against the Issuer in respect of the Indenture and the Notes, the Owner Trustee, in the absence
of actual knowledge of any other claim against the Issuer and at the written direction of the Certificateholder, shall be deemed to have made reasonable provision to pay all claims and obligations (including conditional, contingent or unmatured
obligations) for purposes of Section 3808(e) of the Statutory Trust Act and shall cause the Certificate of Trust to be cancelled by filing a certificate of cancellation with the Delaware Secretary of State in accordance with the provisions of
Section 3810 of the Statutory Trust Act, at which time the Issuer shall terminate and this Agreement (other than Article VIII) shall be of no further force or effect. 

SECTION 9.3. Limitations on Termination. Except as provided in Section 9.1, neither the Depositor nor the
Certificateholder shall be entitled to revoke or terminate the Issuer. 
 ARTICLE X 

SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES 

SECTION 10.1. Eligibility Requirements for the Owner Trustee. The Owner Trustee shall at all times be a bank (i) authorized
to exercise corporate trust powers, (ii) having a combined capital and surplus of at least $50,000,000 and (iii) subject to supervision or examination by Federal or state authorities. If such bank shall publish reports of condition at
least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purpose of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. The Owner Trustee shall at all times be an institution satisfying the provisions of Section 3807(a) of the Statutory Trust Act. In case at any time the Owner Trustee
shall cease to be eligible in accordance with the provisions of this Section, the Owner Trustee shall resign immediately in the manner and with the effect specified in Section 10.2. 

SECTION 10.2. Resignation or Removal of the Owner Trustee. The Owner Trustee may at any time resign and be discharged from the
trusts hereby created by giving written notice thereof to the Depositor, the Servicer, the Administrator, the Indenture Trustee and the Certificateholder. Upon receiving such notice of resignation, the Depositor shall promptly appoint a successor
Owner Trustee which satisfies the eligibility requirements set forth in Section 10.1 by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Owner Trustee and one copy to the successor Owner
Trustee. If no successor Owner Trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Owner Trustee may petition any court of competent jurisdiction for the
appointment of a successor Owner Trustee; provided, however, that such right to appoint or to petition for the appointment of any such successor shall in no event relieve the resigning Owner Trustee from any obligations otherwise
imposed on it under the Transaction Documents until such successor has in fact assumed such appointment. 
  

					
		  	21	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 If at any time the Owner Trustee shall cease to be eligible in accordance with the
provisions of Section 10.1 and shall fail to resign after written request therefor by the Depositor or if at any time the Owner Trustee shall be legally unable to act, or shall be adjudged bankrupt or insolvent, or a receiver of the
Owner Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Owner Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor may remove
the Owner Trustee. If the Depositor shall remove the Owner Trustee under the authority of the immediately preceding sentence, the Depositor or Administrator shall promptly appoint a successor Owner Trustee by written instrument, in duplicate, one
copy of which instrument shall be delivered to the outgoing Owner Trustee so removed and one copy to the successor Owner Trustee and shall pay all fees owed to the outgoing Owner Trustee. 

Any resignation or removal of the Owner Trustee and appointment of a successor Owner Trustee pursuant to any of the provisions of this
Section shall not become effective until acceptance of appointment by the successor Owner Trustee pursuant to Section 10.3 and payment of all fees and expenses owed to the outgoing Owner Trustee. The Depositor shall provide (or shall
cause to be provided) notice of such resignation or removal of the Owner Trustee to each of the Rating Agencies. 
 SECTION
10.3. Successor Owner Trustee. Any successor Owner Trustee appointed pursuant to Section 10.2 shall execute, acknowledge and deliver to the Depositor and the Administrator and to its predecessor Owner Trustee an instrument
accepting such appointment under this Agreement, and thereupon the resignation or removal of the predecessor Owner Trustee shall become effective and such successor Owner Trustee, without any further act, deed or conveyance, shall become fully
vested with all the rights, powers, duties and obligations of its predecessor under this Agreement, with like effect as if originally named as the Owner Trustee. The predecessor Owner Trustee shall upon payment of its fees and expenses deliver to
the successor Owner Trustee all documents and statements and monies held by it under this Agreement; and the Depositor and the predecessor Owner Trustee shall execute and deliver such instruments and do such other things as may reasonably be
required for fully and certainly vesting and confirming in the successor Owner Trustee all such rights, powers, duties and obligations. 

No successor Owner Trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor
Owner Trustee shall be eligible pursuant to Section 10.1. 
 Upon acceptance of appointment by a successor Owner
Trustee pursuant to this Section, the Depositor shall mail (or shall cause to be mailed) notice of the successor of such Owner Trustee to the Certificateholder, Indenture Trustee, the Servicer, the Noteholders and each of the Rating Agencies. If the
Depositor shall fail to mail (or cause to be mailed) such notice within 10 days after acceptance of appointment by the successor Owner Trustee, the successor Owner Trustee shall cause such notice to be mailed at the expense of the Depositor.

 Any successor Owner Trustee appointed pursuant to this Section 10.3 shall promptly file an amendment to the
Certificate of Trust with the Secretary of State identifying the name and principal place of business of such successor Owner Trustee in the State of Delaware. 
  

					
		  	22	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 SECTION 10.4. Merger or Consolidation of the Owner Trustee. Any corporation into
which the Owner Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Owner Trustee shall be a party, or any corporation succeeding to all or
substantially all of the corporate trust business of the Owner Trustee, shall, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding, be the
successor of the Owner Trustee hereunder; provided that such corporation shall be eligible pursuant to Section 10.1; and provided further that the Owner Trustee shall file an amendment to the Certificate of Trust of the Issuer, if
required by applicable law, and mail notice of such merger or consolidation to the Depositor, the Administrator and the Rating Agencies. 

SECTION 10.5. Appointment of Co-Trustee or Separate Trustee. Notwithstanding any other provisions of this Agreement, at any time,
for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Estate may at the time be located, the Depositor and the Owner Trustee acting jointly shall have the power and shall execute and deliver all
instruments to appoint one or more Persons approved by the Owner Trustee to act as co-trustee, jointly with the Owner Trustee, or separate trustee or separate trustees, of all or any part of the Trust Estate, and to vest in such Person, in such
capacity, such title to the Issuer, or any part thereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Depositor and the Owner Trustee may consider necessary or desirable. If the
Depositor shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, the Owner Trustee alone shall have the power to make such appointment. No co-trustee or separate trustee under this Agreement shall be
required to meet the terms of eligibility as a successor trustee pursuant to Section 10.1 and no notice of the appointment of any co-trustee or separate trustee shall be required pursuant to Section 10.3. 

Each separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the following provisions and
conditions: 
 (i) all rights, powers, duties and obligations conferred or imposed upon the Owner Trustee shall
be conferred upon and exercised or performed by the Owner Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized to act separately without the Owner Trustee joining in
such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed, the Owner Trustee shall be incompetent or unqualified to perform such act or acts, in which event such rights, powers,
duties and obligations (including the holding of title to the Issuer or any portion thereof in any such jurisdiction) shall be exercised and performed singly by such separate trustee or co-trustee, but solely at the direction of the Owner Trustee;

 (ii) no trustee under this Agreement shall be personally liable by reason of any act or omission of any other
trustee under this Agreement; and 
 (iii) the Depositor and the Owner Trustee acting jointly may at any time
accept the resignation of or remove any separate trustee or co-trustee. 
  

					
		  	23	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 Any notice, request or other writing given to the Owner Trustee shall be deemed to have been
given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this Article. Each separate
trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Owner Trustee or separately, as may be provided therein, subject to
all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Owner Trustee. Each such instrument shall be filed with the Owner
Trustee and copies thereof given to the Depositor and the Administrator. 
 Any separate trustee or co-trustee may at any time
appoint the Owner Trustee, its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or
co-trustee shall become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Owner Trustee, to the extent permitted by law, without the appointment of a new or
successor trustee. The Owner Trustee shall have no obligation to determine whether a co-trustee or separate trustee is legally required in any jurisdiction in which any part of the Trust Estate may be located. 

ARTICLE XI 

MISCELLANEOUS 

SECTION 11.1. Amendments. 

(a) Any term or provision of this Agreement may be amended by the Depositor and the Owner Trustee with prior written
notice to each Rating Agency but without the consent of the Indenture Trustee, any Noteholder, the Issuer, the Servicer, the First Tier Purchaser, the Second Tier Purchaser or any other Person subject to Subsection (d) of this
Section 11.1; provided that (i) such amendment shall not, as evidenced by an Officer’s Certificate of the Depositor or an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee materially and
adversely affect the interests of the Noteholders or (ii) the Rating Agency Condition shall have been satisfied with respect to such amendment; provided further, that in the case of any amendment pursuant to this
Section 11.1(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 11.1, this Agreement may also be amended from time
to time by the Depositor and the Owner Trustee, with the consent of the Holders of 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 to obtain the consent of the 

 

					
		  	24	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
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 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 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’s 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 11.1 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 11.2. No Legal Title to Trust Estate in Certificateholder. The Certificateholder shall not have legal title to any part of
the Trust Estate. The Certificateholder shall be entitled to receive distributions with respect to its undivided beneficial interest therein only in accordance with Articles V and IX. No transfer, by operation of law or otherwise, of
any right, title or interest of the Certificateholder to and in its ownership interest in the Trust Estate shall operate to terminate this Agreement or the trusts hereunder or entitle any transferee to an accounting or to the transfer to it of legal
title to any part of the Trust Estate. 
 SECTION 11.3. Limitations on Rights of Others. The provisions of this Agreement
are solely for the benefit of the Owner Trustee, the Depositor, the Certificateholder and, to the extent expressly provided herein, the Indenture Trustee (on behalf of the Secured Parties) and the Noteholders, and nothing in this Agreement, whether
express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Trust Estate or under or in respect of this Agreement or any covenants, conditions or provisions contained herein. 

 

					
		  	25	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 SECTION 11.4. Notices. (a) Unless otherwise expressly specified or permitted by
the terms hereof, all notices shall be in writing and shall be deemed given by telecopy with receipt acknowledged by the recipient thereof or upon receipt personally delivered, delivered by overnight courier or mailed certified mail, return receipt
requested or via facsimile, electronic mail or any other electronic communication, if to the Owner Trustee, addressed as specified on Schedule I to the Sale Agreement; or, as to each party, at such other address as shall be designated by such
party in a written notice to each other party. 
 (b) Any notice required or permitted to be given to a
Certificateholder shall be given by first-class mail, postage prepaid, at the address of such Certificateholder as shall be designated by such party in a written notice to each other party. Any notice so mailed within the time prescribed in this
Agreement shall be conclusively presumed to have been duly given, whether or not the Certificateholder receives such notice. 

SECTION 11.5. Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to
such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction. 
 SECTION 11.6. Separate Counterparts. This Agreement may be
executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument. 

SECTION 11.7. Successors and Assigns. All covenants and agreements contained herein shall be binding upon, and inure to the
benefit of, the Depositor, the Owner Trustee and its successors and the Certificateholder and its successors and permitted assigns, all as herein provided. Any request, notice, direction, consent, waiver or other instrument or action by the
Certificateholder shall bind the successors and assigns of the Certificateholder. 
 SECTION 11.8. No Petition.

 (a) To the fullest extent permitted by applicable law, each of the Owner Trustee (in its individual capacity
and as the Owner Trustee), by entering into this Agreement, the Depositor, the Certificateholder, by accepting the Certificates, and the Indenture Trustee and each Noteholder or Note Owner by accepting the benefits of this Agreement, hereby
covenants and 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 the Bankruptcy Remote Parties (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

  

					
		  	26	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 
Bankruptcy Remote Party, or to make a general assignment for the benefit of, its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) such
party shall not commence, join or institute against, with any other Person, any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, arrangement, liquidation or insolvency law or statute now or hereafter in effect in
any jurisdiction; provided, that, notwithstanding the foregoing, Bankruptcy Remote Party shall not be prohibited from filing a voluntary bankruptcy petition to the extent such Bankruptcy Remote Party obtains the necessary vote for filing a
voluntary bankruptcy petition as required by the organizational documents of such Bankruptcy Remote Party. Without limiting the foregoing, in no event shall the Owner Trustee authorize, institute or join in any bankruptcy or similar Proceeding
described in the preceding sentence other than in accordance with Section 4.3. 
 (b) The
Depositor’s obligations under this Agreement are obligations solely of the Depositor and will not constitute a claim against the Depositor to the extent that the Depositor does not have funds sufficient to make payment of such obligations. In
furtherance of and not in derogation of the foregoing, each of the Owner Trustee (in its individual capacity and as the Owner Trustee), by entering into or accepting this agreement, each Certificateholder, by accepting a Certificate, and the
Indenture Trustee and each Noteholder or Note Owner, by accepting the benefits of this Agreement, hereby acknowledges and agrees that such Person has no right, title or interest in or to the Other Assets of the Depositor. To the extent that,
notwithstanding the agreements and provisions contained in the preceding sentence, each of the Owner Trustee, the Indenture Trustee, each Noteholder or Note Owner and the Certificateholder either (i) asserts an interest or claim to, or benefit
from, Other Assets, or (ii) is deemed to have any such interest, claim to, or benefit in or from Other Assets, whether by operation of law, legal process, pursuant to applicable provisions of insolvency laws or otherwise (including by virtue of
Section 1111(b) of the Bankruptcy Code or any successor provision having similar effect under the Bankruptcy Code), then such Person further acknowledges and agrees that any such interest, claim or benefit in or from Other Assets is and will be
expressly subordinated to the indefeasible payment in full, which, under the terms of the relevant documents relating to the securitization or conveyance of such Other Assets, are entitled to be paid from, entitled to the benefits of, or otherwise
secured by such Other Assets (whether or not any such entitlement or security interest is legally perfected or otherwise entitled to a priority of distributions or application under applicable law, including insolvency laws, and whether or not
asserted against the Depositor), including the payment of post-petition interest on such other obligations and liabilities. This subordination agreement will be deemed a subordination agreement within the meaning of Section 510(a) of the
Bankruptcy Code. Each of the Owner Trustee (in its individual capacity and as the Owner Trustee), by entering into or accepting this Agreement, each Certificateholder, by accepting a Certificate, and the Indenture Trustee and each Noteholder or Note
Owner, by accepting the benefits of this Agreement, hereby further acknowledges and agrees that no adequate remedy at law exists for a breach of this Section and the terms of this Section may be enforced by an action for specific performance. The
provisions of this Section will be for the third party benefit of those entitled to rely thereon and will survive the termination of this Agreement. 
  

					
		  	27	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 SECTION 11.9. Information Request. Owner Trustee shall provide any information in its
possession reasonably requested by the Servicer, the Issuer, the Depositor, the Certificateholder or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting
rule or principle. 
 SECTION 11.10. Headings. The headings of the various Articles and Sections herein are for
convenience of reference only and shall not define or limit any of the terms or provisions hereof. 
 SECTION 11.11.
GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION 11.12. Waiver of Jury Trial. 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 11.13. Form 10-D and Form 10-K Filings. So long as the Depositor is filing
Exchange Act Reports with respect to the Issuer (i) no later than each Payment Date, the Owner Trustee shall notify the Depositor of any Form 10-D Disclosure Item with respect to the Owner Trustee, together with a description of any such Form
10-D Disclosure Item in form and substance reasonably acceptable to the Depositor and (ii) no later than March 15 of each calendar year, commencing March 15, 2011, the Owner Trustee shall notify the Depositor in writing of any
affiliations or relationships between the Owner Trustee and any Item 1119 Party; provided, that no such notification need by made if the affiliations or relationships are unchanged from those provided in the notification in the prior calendar
year. 
 SECTION 11.14. Form 8-K Filings. So long as the Depositor is filing Exchange Act Reports with respect to the
Issuer, the Owner Trustee shall promptly notify the Depositor, but in no event later than five (5) Business Days after its occurrence, of any Reportable Event of which a Responsible Officer of the Owner 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 Owner Trustee shall be deemed to have actual knowledge of any such event to the extent that it
relates to the Owner Trustee in its individual capacity or any action by the Owner Trustee under this Agreement. 
 SECTION
11.15. Indemnification. (a) Wilmington Trust Company 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: 

(i) (A) any untrue statement of a material fact contained in any information provided in writing by Wilmington Trust
Company to the Depositor under Sections 11.13 or 11.14 (such information, the “Provided Information”), 
  

					
		  	28	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

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

(ii) any failure by Wilmington Trust Company to deliver any information, report, or other material when and as required
under Sections 11.13 or 11.14. 
 (b) In the case of any failure of performance described in clause (a) of
this Section, Wilmington Trust Company shall promptly reimburse the Depositor for all costs reasonably incurred in order to obtain the information, report or other material not delivered as required by Owner Trustee. 

(c) Notwithstanding anything to the contrary contained herein, in no event shall Wilmington Trust Company be liable under
this Section 11.15 for special, indirect or consequential damages of any kind whatsoever, including but not limited to lost profits, even if Wilmington Trust Company has been advised of the likelihood of such loss or damage and regardless of
the form of action. 
 [Remainder of Page Intentionally Left Blank] 

 

					
		  	29	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

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

			
	 WILMINGTON TRUST COMPANY,

as the Owner Trustee

		
	By:	 	 /s/ J. Christopher Murphy

	Name:	 	J. Christopher Murphy
	Title:	 	Financial Services Officer

  

					
		  	S-1	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

			
	 BANK OF AMERICA AUTO RECEIVABLES
SECURITIZATION, LLC,

as the Depositor

		
	By:	 	 /s/ Gina Amalfitano

	Name:	 	Gina Amalfitano
	Title:	 	President and Treasurer

  

					
		  	S-2	  	 Amended and Restated Trust Agreement

(BAAT 2010-2)

 EXHIBIT A 

FORM OF CERTIFICATE 
  

			
	 NUMBER
	  	100% BENEFICIAL INTEREST        
	 R-            
	  	

 BANK OF AMERICA AUTO TRUST 2010-2 

CERTIFICATE 

Evidencing the 100% beneficial interest in all of the assets of the Issuer (as defined below), which consist primarily of motor vehicle
receivables, including motor vehicle retail installment sales contracts and/or installment loans that are secured by new and used automobiles, light-duty trucks and other similar vehicles. 

(This Certificate does not represent an interest in or obligation of Bank of America Auto Receivables Securitization, LLC, Bank of
America, National Association or any of their respective Affiliates, except to the extent described below.) 
 THIS
CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE RESOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE
WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS, PURSUANT TO AN EXEMPTION THEREFROM OR IN A TRANSACTION NOT SUBJECT THERETO. 

NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE ACQUIRED OR HELD (THROUGH A TRANSFER) BY OR FOR THE ACCOUNT OF OR WITH THE ASSETS
OF (A) AN EMPLOYEE BENEFIT PLAN (AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)) WHICH IS SUBJECT TO THE PROVISIONS OF TITLE I OF ERISA, (B) A PLAN DESCRIBED IN SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), WHICH IS SUBJECT TO SECTION 4975 OF THE CODE OR (C) ANY ENTITY WHOSE UNDERLYING ASSETS INCLUDE PLAN ASSETS BY REASON OF AN EMPLOYEE BENEFIT PLAN’S OR A
PLAN’S INVESTMENT IN THE ENTITY (EACH A “BENEFIT PLAN”). EACH PURCHASER AND EACH SUBSEQUENT TRANSFEREE OF THIS CERTIFICATE WILL BE DEEMED TO REPRESENT AND WARRANT THAT (X) IT IS NOT AND IS NOT ACTING ON BEHALF OF OR USING ASSETS
OF (AND FOR SO LONG AS IT HOLDS SUCH CERTIFICATE OR ANY INTEREST THEREIN IT WILL NOT BE AND WILL NOT BE ACTING ON BEHALF OF OR WITH ASSETS OF) A BENEFIT PLAN AND (Y) EITHER IT (I) IS NOT AND IS NOT ACTING ON BEHALF OF OR USING ASSETS OF
(AND FOR SO LONG AS IT HOLDS SUCH CERTIFICATE IT WILL NOT BE AND WILL NOT BE ACTING ON BEHALF OF OR WITH ASSETS OF) A GOVERNMENTAL, NON-U.S. OR CHURCH PLAN WHICH IS SUBJECT TO ANY FEDERAL, STATE OR LOCAL LAW THAT IS

  

 A-1 

 
SUBSTANTIALLY SIMILAR TO TITLE I OF ERISA OR SECTION 4975 OF THE CODE (ANY SUCH FEDERAL, STATE OR LOCAL LAW, (A “SIMILAR LAW”)), OR (II) ITS PURCHASE, OWNERSHIP AND HOLDING OF SUCH
CERTIFICATE OR ANY INTEREST THEREIN WILL NOT RESULT IN A NON-EXEMPT VIOLATION OF ANY SIMILAR LAW. 
 NEITHER THIS CERTIFICATE
NOR ANY INTEREST HEREIN MAY BE HELD, DIRECTLY OR INDIRECTLY, BY AN INDIVIDUAL, CORPORATION, PARTNERSHIP OR OTHER PERSON UNLESS SUCH PERSON IS A U.S. TAX PERSON. 

THIS CERTIFIES THAT
                     is the registered owner of a 100% nonassessable, fully-paid, beneficial interest in the Trust Estate of BANK OF AMERICA AUTO
TRUST 2010-2, a Delaware statutory trust (the “Issuer”) formed by Bank of America Auto Receivables Securitization, LLC, a Delaware limited liability company, as depositor (the “Depositor”). 

The Issuer was created pursuant to a Trust Agreement dated as of October 15, 2009 (as amended and restated as of June 24, 2010
the “Trust Agreement”), between the Depositor and Wilmington Trust Company, as owner trustee (the “Owner Trustee”), a summary of certain of the pertinent provisions of which is set forth below. To the extent not
otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Trust Agreement or, if not defined therein, then in the Sale Agreement, dated as of June 24, 2010, between the Depositor and the Issuer as the
same may be amended or supplemented from time to time. 
 This Certificate is issued under and is subject to the terms,
provisions and conditions of the Trust Agreement, to which Trust Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. The provisions and conditions of the Trust Agreement are hereby
incorporated by reference as though set forth in their entirety herein. 
 The Holder of this Certificate acknowledges and
agrees that its rights to receive distributions in respect of this Certificate are subordinated to the rights of the Noteholders as described in the Indenture and the Trust Agreement, as applicable. 

THIS CERTIFICATE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

By accepting this Certificate, the Certificateholder hereby covenants and 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 Person shall not authorize such 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 
  

 A-2 

 
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 any party
hereto or any other creditor of such Bankruptcy Remote Party, and (ii) such Person shall not 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. 
 By accepting and holding this
Certificate (or any interest herein), the Holder hereof shall be deemed to have represented and warranted that it is not a Benefit Plan and is not purchasing on behalf of a Benefit Plan. The Holder hereof is required to represent and warrant that it
is a U.S. Tax Person. 
 It is the intention of the parties to the Trust Agreement that, solely for federal, state and local
income, franchise and value added tax purposes, (1) if there is one beneficial owner of the Certificates, the Issuer shall be treated as a disregarded entity, and (2) if there is more than one beneficial owner of the Certificates, the
Issuer shall be treated as a partnership for income and franchise tax purposes, with the assets of the partnership being the Receivables and other assets held by the Issuer, the partners of the partnership being the Certificateholders, and the Notes
being debt of the partnership. By accepting this Certificate, the Certificateholder agrees to take no action inconsistent with the foregoing intended tax treatment. 

By accepting this Certificate, the Certificateholder acknowledges that this Certificate represents a beneficial interest in the Issuer
only and does not represent interests in or obligations of the Depositor, the Servicer, the Administrator, the Owner Trustee, the Indenture Trustee or any of their respective Affiliates and no recourse may be had against such parties or their
assets, except as expressly set forth or contemplated in this Certificate, the Trust Agreement or any other Transaction Document. 
  

 A-3 

 IN WITNESS WHEREOF, the Issuer has caused this Certificate to be duly executed. 

 

									
		 		 		 	BANK OF AMERICA AUTO TRUST 2010-2
				
		 		 		 	By: Wilmington Trust Company, not in its
individual capacity, but solely as Owner Trustee
					
	Dated:	 	  
	 		 	By:	 	  

		 		 		 		 	Name:
		 		 		 		 	Title:

  

 A-4 

 OWNER TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is the Certificate referred to in the within-mentioned Trust Agreement. 

 

			
	WILMINGTON TRUST COMPANY, not in its
individual capacity but solely as Owner Trustee
		
	By:	 	  

		 	Authorized Signatory

  

 A-5 

 EXHIBIT B 

FORM OF TRANSFEROR CERTIFICATE 

[DATE] 
 [Seller] 

[Seller Address] 
 [Owner Trustee] 

[Owner Trustee Address] 
  

	Re:	BAAT 2010-2 Certificates 

 Ladies and
Gentlemen: 
 In connection with our disposition of the above-referenced Certificates (the “Certificates”) we certify that
(a) the representations and warranties set forth in Section 3.5 of the Trust Agreement are true and correct as of the date hereof, (b) an Opinion of Counsel to the Owner Trustee and the Issuer required by
Section 3.5 of the Trust Agreement is attached hereto, and (c) the transferee is a U.S. Tax Person and a properly completed, signed and maintained Internal Revenue Service Form W-9 (or applicable successor form) is attached hereto.

  

			
	[NAME OF TRANSFEROR]
		
	By:	 	  

		 	Authorized Officer

  

 B-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00175-of-00352.parquet"}]]