Document:

EX-10.5

 Exhibit 10.5 
  

 
  

ADMINISTRATION AGREEMENT 

among 
 FIFTH THIRD AUTO
TRUST 2019-1, 
 as Issuer 

FIFTH THIRD BANK, 
 as
Administrator 
 and 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 

as Indenture Trustee 

Dated as of May 8, 2019 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1.
	 	Duties of the Administrator	  	 	2	 
			
	 2.
	 	Records	  	 	3	 
			
	 3.
	 	Compensation; Payment of Fees and Expenses	  	 	3	 
			
	 4.
	 	Independence of the Administrator	  	 	3	 
			
	 5.
	 	No Joint Venture	  	 	4	 
			
	 6.
	 	Other Activities of the Administrator	  	 	4	 
			
	 7.
	 	Representations and Warranties of the Administrator	  	 	4	 
			
	 8.
	 	Administrator Replacement Events; Termination of the Administrator	  	 	5	 
			
	 9.
	 	Action upon Termination or Removal	  	 	7	 
			
	 10.
	 	Liens	  	 	7	 
			
	 11.
	 	Notices	  	 	7	 
			
	 12.
	 	Compliance with the FDIC Rule	  	 	7	 
			
	 13.
	 	Amendments	  	 	7	 
			
	 14.
	 	Governing Law; Submission to Jurisdiction; Waiver of Jury Trial	  	 	8	 
			
	 15.
	 	Headings	  	 	9	 
			
	 16.
	 	Counterparts	  	 	9	 
			
	 17.
	 	Entire Agreement	  	 	9	 
			
	 18.
	 	Severability of Provisions	  	 	10	 
			
	 19.
	 	Not Applicable to the Bank in Other Capacities	  	 	10	 
			
	 20.
	 	Benefits of the Administration Agreement	  	 	10	 
			
	 21.
	 	Delegation of Duties	  	 	10	 
			
	 22.
	 	Assignment	  	 	10	 
			
	 23.
	 	Nonpetition Covenant	  	 	11	 
			
	 24.
	 	Limitation of Liability	  	 	11	 
			
	 25.
	 	Other Interpretive Provisions	  	 	11	 
			
	 26.
	 	USA PATRIOT Act and other Applicable Law.	  	 	12	 

  
 i 

 This ADMINISTRATION AGREEMENT (as amended, supplemented or otherwise
modified and in effect from time to time, this “Agreement”), dated as of May 8, 2019, is among FIFTH THIRD AUTO TRUST 2019-1, a Delaware statutory trust (the “Issuer”),
FIFTH THIRD BANK, an Ohio banking corporation, as administrator (the “Bank” or in its capacity as administrator, the “Administrator”), and WILMINGTON TRUST, 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 the date hereof (as
amended, supplemented or otherwise modified and in effect from time to time, the “Sale Agreement”), by and between Fifth Third Holdings Funding, LLC (the “Seller”), as seller, and the Issuer, which contains rules as
to usage that are applicable herein. 
 W I T N E S S E T H : 

WHEREAS, the Seller, The Bank of New York Mellon, acting thereunder not in its individual capacity, but solely as owner
trustee (the “Owner Trustee”), and BNY Mellon Trust of Delaware, acting thereunder not in its individual capacity, but solely as Delaware trustee (the “Delaware Trustee”) have entered into the Amended and Restated
Trust Agreement, dated as of the date hereof (as amended, supplemented or otherwise modified and in effect from time to time, the “Trust Agreement”); 

WHEREAS, the Issuer has issued the Notes pursuant to the Indenture and the Certificate pursuant to the Trust Agreement and has
entered into certain agreements in connection therewith, including, (i) the Sale Agreement, (ii) the Indenture, (iii) the Note Depository Agreement, (iv) the Servicing Agreement, and (v) the Asset Representations Review
Agreement (the Trust Agreement, along with each of the agreements referred to in clauses (i) through (v) are referred to herein collectively as the “Issuer Documents”); 

WHEREAS, to secure payment of the Notes, the Issuer has pledged the Collateral to the Indenture Trustee pursuant to the
Indenture; 
 WHEREAS, pursuant to the Issuer Documents, the Issuer is required to perform certain duties; 

WHEREAS, the Issuer desires to have the Administrator perform certain of the duties of the Issuer, 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 on the terms set forth herein; 

  

					
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 NOW, THEREFORE, in consideration of the mutual terms and covenants contained
herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties agree as follows: 

1.    Duties of the Administrator. 

(a)    Duties with Respect to the Issuer Documents. The Administrator shall perform
all of its duties as Administrator under this Agreement and the Issuer Documents and administer and perform the duties and obligations of the Issuer under the Issuer Documents; provided, however, except as otherwise provided in
the Issuer Documents, that the Administrator shall have no obligation to make any payment required to be made by the Issuer under any Issuer Document. In addition, the Administrator shall consult with the Issuer and the Owner Trustee regarding the
Issuer’s duties and obligations under the Issuer Documents. The Administrator shall monitor the performance of the Issuer and shall advise the Issuer when action is necessary to comply with the Issuer’s duties and obligations under the
Issuer Documents. Other than such items to be performed by the Owner Trustee pursuant to Sections 5.3 and 5.4 of the Trust Agreement and by the Paying Agent pursuant to Section 6.6(a) and (b) of
the Indenture, the Administrator shall perform such calculations, and shall prepare for execution by the Issuer or the Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents, reports, filings, instruments,
certificates, notices and opinions as it shall be the duty of the Issuer to prepare, execute, 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 to take pursuant to the Issuer Documents, and shall prepare, execute, file and deliver on behalf of the Issuer or the Owner Trustee all such documents, reports, filings, instruments, certificates, notices and opinions as it shall be the
duty of the Issuer or the Owner Trustee to prepare, execute, file or deliver pursuant to the Issuer Documents or otherwise by law. 

(b)    Notices to Rating Agencies. The Administrator, on behalf of the Issuer, shall
give notice to each Rating Agency (which notice shall be given promptly upon the Administrator being notified thereof by the Depositor, the Owner Trustee, the Indenture Trustee or the Servicer) of: (i) any material breach of the perfection
representations, warranties and covenants contained in Schedule II of the Sale Agreement and Schedule I of the Indenture; (ii) the termination of, and/or appointment of a successor to, the Servicer pursuant to Sections 6.1
of the Servicing Agreement; (iii) any waiver of a Servicer Replacement Event pursuant to Section 6.1(b) of the Servicing Agreement; (iv) any Officer’s Certificate of the Issuer delivered pursuant to
Section 3.9 of the Indenture; (v) any Officer’s Certificate delivered pursuant to Section 3.12 of the Indenture with respect to any Event of Default under the Indenture; (vi) any
notice of Default pursuant to Section 6.5 of the Indenture; (vii) any resignation or removal of the Indenture Trustee pursuant to Section 6.8 of the Indenture; (viii) any merger or
consolidation of the Indenture Trustee pursuant to Section 6.9 of the Indenture; (ix) any supplemental indenture pursuant to Sections 9.1 or 9.2 of the Indenture; (x) any notice of merger,
consolidation or succession of the Servicer pursuant to Section 5.3 of the Servicing Agreement; (xi) any amendment pursuant to Section 13 of this Agreement; and (xii) any merger or
consolidation of the Seller pursuant to Section 3.3 of the Sale Agreement. 

(c)    Upon dissolution of the Issuer, the Administrator shall wind up the business and
affairs of the Issuer in accordance with Section 9.2 of the Trust Agreement. 

  

					
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 (d)    No Action by
Administrator. Notwithstanding anything to the contrary in this Agreement, the Administrator shall not be obligated to, and shall not, take any action that the Issuer directs the Administrator not to take or which would result in a violation or
breach of the Issuer’s covenants, agreements or obligations under any of the Issuer Documents. 

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

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

(ii)    Notwithstanding anything to the contrary in this Agreement, the Administrator shall
not be obligated to, and shall not, (x) make any payments to the Noteholders under the Transaction Documents or (y) except as provided in the Transaction Documents, sell the Trust Estate. 

2.    Records. The Administrator shall maintain appropriate books of account and records relating
to services performed hereunder, which books of account and records shall be accessible for inspection upon reasonable written request by the Issuer, the Seller and the Indenture Trustee at any time during normal business hours. 

3.    Compensation; Payment of Fees and Expenses. As compensation for the performance of the
Administrator’s obligations under this Agreement and as reimbursement for its expenses related thereto, the Administrator shall be entitled to receive $12,000 annually which shall be solely an obligation of the Servicer. The Administrator shall
pay all expenses incurred by it in connection with its activities hereunder. 
 4.    Independence of
the Administrator. For all purposes of this Agreement, the Administrator shall be an independent contractor and shall not be subject to the supervision of the Issuer with respect to the manner in which it accomplishes the performance of its
obligations hereunder. Unless expressly authorized by the Issuer, the Administrator shall have no authority to act for or to represent the Issuer in any way (other than as permitted hereunder) and shall not otherwise be deemed an agent of the
Issuer. 

  

					
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 5.    No Joint Venture. Nothing contained in this
Agreement (i) shall constitute the Administrator and the Issuer as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such
on the Administrator or the Issuer or (iii) shall be deemed to confer on the Administrator or the Issuer any express, implied or apparent authority to incur any obligation or liability on behalf of the other. 

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

(a)    Existence and Power. The Administrator is a banking corporation validly
existing and in good standing under the laws of its state of organization and has, in all material respects, all power and authority to carry on its business as now conducted. The Administrator has obtained all necessary licenses and approvals in
each jurisdiction where the failure to do so would materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents or affect the enforceability or collectability 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,
in the case of clauses (A), (B) and (C), 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 collectability of the Receivables or any other part of
the Collateral or would not materially and adversely affect the ability of the Administrator to perform its obligations under the Transaction Documents. 

(d)    Binding Effect. Each Transaction Document to which the Administrator is a
party constitutes the legal, valid and binding obligation of the Administrator 

  

					
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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 banking corporations from time to time in effect or by general principles of equity. 

8.    Administrator Replacement Events; Termination of the Administrator. 

(a)    Subject to clause (d) below, the Administrator may resign from 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 22 hereof, to terminate and replace the Administrator: 

(i)    any failure by the Administrator to deliver or cause to be delivered to the
Indenture Trustee or the Owner Trustee for deposit into the Collection Account any payment required to be so delivered by the Administrator under the terms of this Agreement, which failure continues unremedied for five (5) Business Days after
discovery thereof by a Responsible Officer of the Administrator or receipt by a Responsible Officer of the Administrator of written notice thereof from the Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee receives
written notice or has actual knowledge) or Noteholders evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are Outstanding, from the Majority Certificateholders); 

(ii)    any failure by the Administrator to duly observe or perform in any material respect
any other of its covenants or agreements in this Agreement, which failure materially and adversely affects the rights of the Issuer, the Noteholders or the Certificateholders, 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 (to the extent a Responsible Officer of the Indenture Trustee receives written notice or has actual knowledge)
or Noteholders evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are Outstanding, by the Majority Certificateholders); 

(iii)    any representation or warranty of the Administrator made in this Agreement or any
certificate delivered by the Administrator 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, the Noteholders or the
Certificateholders, and which failure continues unremedied for 

  

					
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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 (to the extent a
Responsible Officer of the Indenture Trustee receives written notice or has actual knowledge) or Noteholders evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are Outstanding, by the Majority Certificateholders); 

(iv)    the Administrator suffers a Bankruptcy Event; 

provided, further, that (A) if any delay or failure of performance referred to in clause (i) above shall have been
caused by force majeure or other similar occurrence, the five (5) Business Day grace period referred to in such clause (i) shall be extended for an additional sixty (60) calendar days and (B) if any delay or failure of
performance referred to in clause (b) above shall have been caused by force majeure or other similar occurrence, the ninety (90) day grace period referred to in such clause (ii) or clause (iii) shall be extended for an additional
sixty (60) calendar 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 22 hereof, by notice given to the Administrator, the Delaware Trustee 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 22 hereof, shall have appointed a successor Administrator in the manner set forth below. Upon any such termination or upon a resignation of the Administrator in accordance with
Section 8(a) hereof, 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 22 hereof, pursuant to a management or administration 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. No resignation or removal of the
Administrator shall be effective until a successor Administrator shall have been appointed by the Issuer. 

(e)    The Issuer, subject to Section 22 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 

  

					
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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 or resignation of the Administrator pursuant to Section 8, the
Administrator shall be entitled to be paid by the Servicer all fees and reimbursable expenses accruing to it to the date of such termination or removal. 

10.    Liens. The Administrator will not directly or indirectly create, allow or suffer to exist
any Lien on the Collateral other than Permitted Liens. 
 11.    Notices. All demands, notices
and communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile or email (if an applicable
facsimile number or email address is provided on Schedule I to the Sale Agreement), 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.    Compliance with the FDIC Rule. The Administrator (i) shall perform the
covenants set forth in Article XII of the Indenture applicable to it and (ii) shall facilitate compliance with Article XII of the Indenture by the Fifth Third Parties. 

13.    Amendments. 

(a)    Any term or provision of this Agreement may be amended by the Administrator without
the consent of the Indenture Trustee, any Noteholder, the Issuer, the Delaware Trustee, the Owner Trustee or any other Person subject to the satisfaction of one of the following conditions: 

(i)    the Administrator delivers an Opinion of Counsel or an Officer’s Certificate to
the Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; or 

(ii)    the Rating Agency Condition is satisfied with respect to such amendment and the
Administrator notifies the Indenture Trustee in writing that the Rating Agency Condition is satisfied with respect to such amendment. 

(b)    This Agreement may also be amended from time to time by 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 or the Certificateholders. It will not be necessary for the Noteholders or Certificateholders to 

  

					
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approve the particular form of any proposed amendment or consent, but it will be sufficient if the Noteholders and Certificateholders approve the substance thereof. The manner of obtaining such
consents (and any other consents of the Noteholders and Certificateholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the Noteholders and Certificateholders will be subject to such reasonable
requirements as the Indenture Trustee and Owner Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 

(c)    Prior to the execution of any amendment pursuant to this
Section 13, the Administrator shall provide written notification of the substance of such amendment to each Rating Agency, the Delaware Trustee and the Owner Trustee; and promptly after the execution of any such amendment,
the Administrator shall furnish a copy of such amendment to each Rating Agency, the Delaware Trustee, the Owner Trustee and the Indenture Trustee; provided, that no amendment pursuant to this Section 13 shall be effective which materially and
adversely affects the rights, protections or duties of the Delaware Trustee, the Indenture Trustee or the Owner Trustee without the prior written consent of such Person. 

(d)    Prior to the execution of any amendment to this Agreement, the Owner Trustee, the
Delaware 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 an Officer’s Certificate of
the Depositor or the Administrator that all conditions precedent to the execution and delivery of such amendment have been satisfied. The Indenture Trustee and the Owner Trustee may, but shall not be obligated to, enter into any such amendment which
materially and adversely affects the Indenture Trustee’s or the Owner Trustee’s, as applicable, own rights, privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents or otherwise. 

(e)    Notwithstanding subsections (a) or (b) of this Section 13, this Agreement
may only be amended by the Administrator if (i) the Majority Certificateholders consent to such amendment or (ii) such amendment shall not, as evidenced by an Officer’s Certificate of the Administrator or an Opinion of Counsel
delivered to the Delaware Trustee, the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for the Certificateholders to approve the particular form of any
proposed amendment or consent, but it will be sufficient if the Certificateholders approve the substance thereof. The manner of obtaining such consents (and any other consents of the Certificateholders provided for in this Agreement) and of
evidencing the authorization of the execution thereof by the Certificateholders will be subject to such reasonable requirements as the Owner Trustee may prescribe. 

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

(a)    THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE  

  

					
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RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

(b)    Each of the parties hereto hereby irrevocably and unconditionally: 

(i)    submits for itself and its property in any 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 Proceeding may be brought in such courts and waives any
objection that it may now or hereafter have to the venue of such Proceeding in any such court or that such 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 Proceeding may be effected by mailing a
copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 11 of this Agreement; 

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

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

15.    Headings. The section headings hereof have been inserted for convenience of reference only
and shall not be construed to affect the meaning, construction or effect of this Agreement. 

16.    Counterparts. This Agreement may be executed in any number of counterparts (including by way
of electronic or facsimile transmission), each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 

17.    Entire Agreement. The Transaction Documents contain a final and complete integration of all
prior expressions by the parties hereto with respect to the subject matter thereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter thereof, superseding all prior oral or written understandings.
There are no unwritten agreements among the parties. 

  

					
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 18.    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. 

19.    Not Applicable to the Bank in Other Capacities. 

(a)    Nothing in this Agreement shall affect any obligation the Bank may have in any other
capacity. 
 (b)    Any entity (i) into which the Administrator may be merged or
converted or with which it may be consolidated, to which it may sell or transfer its 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 or (ii) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is owned directly or indirectly by Fifth
Third Bancorp and which executes an agreement of assumption to perform every obligation of the Administrator under this Agreement, shall be the successor to the Administrator under this Agreement, in each case, 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. 

20.    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 Delaware Trustee, the Owner Trustee, any separate trustee or co-trustee appointed under
Section 6.10 of the Indenture, any benefit or any legal or equitable right, remedy or claim under this Agreement. For the avoidance of doubt, the Owner Trustee and the Delaware Trustee are each third party beneficiaries of
this Agreement and are entitled to the rights and benefits hereunder and may enforce the provisions hereof as if there were parties hereto. 

21.    Delegation of Duties. The Administrator may, at any time without notice or consent, delegate
(a) any or all of its duties under the Transaction Documents to any of its Affiliates or (b) specific duties to sub-contractors or other professional services firms (including accountants, outside
legal counsel or similar concerns) who are in the business of performing such duties; provided, that no such delegation shall relieve the Administrator of its responsibility with respect to such duties and the Administrator shall remain
obligated hereunder as if the Administrator alone were performing such duties. 

22.    Assignment. 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 in the event the Issuer shall fail to exercise the same. 

  

					
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 23.    Nonpetition Covenant. Each party hereto
agrees that, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such party shall not authorize any
Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its
debts under any bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such
Bankruptcy Remote Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote
Party, or to make a general assignment for the benefit of, its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) such party shall not commence or join with any other Person in commencing 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. 

24.    Limitation of Liability. It is expressly understood and agreed by the parties hereto that
(a) this Agreement is executed and delivered by The Bank of New York Mellon (“BNYM”), not individually or personally but solely as Owner Trustee of the Issuer, in the exercise of the powers and authority conferred and vested in
it, (b) each of the representations, undertakings and agreements herein made on the part of the Owner Trustee and the Issuer is made and intended not as personal representations, undertakings and agreements by BNYM but is made and intended for
the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on BNYM, individually or personally, to perform any covenant either expressed or implied contained herein of the Owner Trustee or
the Issuer, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) BNYM has made no investigation as to the accuracy or completeness of any
representations and warranties made by the Owner Trustee or the Issuer in this Agreement and (e) under no circumstances shall BNYM be personally liable for the payment of any indebtedness or expenses of the Owner Trustee or the Issuer or be
liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Owner Trustee or the Issuer under this Agreement or any other related 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. 

25.    Other Interpretive Provisions. For purposes of this Agreement, unless the context otherwise
requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under GAAP (provided, that, to the
extent that the definitions in this Agreement and GAAP conflict, the definitions in this Agreement shall control); (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement are
used as defined in that Article; (c) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement;
(d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles, Sections, Schedules, Appendices and Exhibits in 

  

					
		 	11	 	 Administration Agreement

(FTAT 2019-1)

 
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” and all variations thereof means “including without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law
or regulation as amended from time to time and include any successor law or regulation; (g) references to any Person include that Person’s successors and assigns; and (h) headings are for purposes of reference only and shall not
otherwise affect the meaning or interpretation of any provision herein. 
 26.    USA PATRIOT Act and
other Applicable Law. In order to comply with the laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering
(“Applicable Law”, for example section 326 of the USA PATRIOT Act of the United States), the Indenture Trustee is required to obtain, verify, record and update certain information relating to individuals and entities which maintain a
business relationship with the Indenture Trustee. Accordingly, each of the parties agrees to provide to the Indenture Trustee upon its request from time to time such identifying information and documentation as may be available for such party in
order to enable the Indenture Trustee to comply with Applicable Law. 
 [SIGNATURES ON NEXT PAGE] 

  

					
		 	12	 	 Administration Agreement

(FTAT 2019-1)

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

			
	FIFTH THIRD AUTO TRUST 2019-1
	
	 By: The Bank of New York Mellon, not in its individual capacity but solely as Owner
Trustee

 
			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-1	 	 Administration Agreement

(FTAT 2019-1)

 
			
	FIFTH THIRD BANK, as Administrator

 
			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-2	 	 Administration Agreement

(FTAT 2019-1)

 
			
	 WILMINGTON TRUST, NATIONAL ASSOCIATION,

not in its individual capacity, but solely as Indenture Trustee

			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-3	 	 Administration Agreement

(FTAT 2019-1)

 Joinder of Servicer: 

Fifth Third Bank, as Servicer, joins in this Agreement solely for purposes of Section 3. 

 

			
	FIFTH THIRD BANK, as Servicer

 
			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	S-4	 	 Administration Agreement

(FTAT 2019-1)EX-10.6

 Exhibit 10.6 

FIFTH THIRD AUTO TRUST 2019-1 

AMENDED AND RESTATED TRUST AGREEMENT 

among 
 FIFTH THIRD
HOLDINGS FUNDING, LLC, 
 as the Depositor, 

THE BANK OF NEW YORK MELLON, 

as the Owner Trustee 

and 
 BNY MELLON TRUST
OF DELAWARE, 
 as the Delaware Trustee 

Dated as of May 8, 2019 

 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 and the Delaware 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	 
			
	 ARTICLE III
	  	 CERTIFICATES AND TRANSFER OF CERTIFICATES
	  	 	5	 
			
	 SECTION 3.1
	  	Initial Ownership	  	 	5	 
	 SECTION 3.2
	  	Authentication of Certificates	  	 	5	 
	 SECTION 3.3
	  	Form of the Certificates	  	 	6	 
	 SECTION 3.4
	  	Registration of Certificates	  	 	6	 
	 SECTION 3.5
	  	Transfer of Certificates	  	 	6	 
	 SECTION 3.6
	  	Lost, Stolen, Mutilated or Destroyed Certificates	  	 	10	 
	 SECTION 3.7
	  	Appointment of the Certificate Paying Agent	  	 	11	 
	 SECTION 3.8
	  	Maintenance of Office or Agency	  	 	12	 
			
	 ARTICLE IV
	  	 ACTIONS BY OWNER TRUSTEE
	  	 	12	 
			
	 SECTION 4.1
	  	Prior Notice to Certificateholders with Respect to Certain Matters	  	 	12	 
	 SECTION 4.2
	  	Action by Certificateholders with Respect to Certain Matters	  	 	12	 
	 SECTION 4.3
	  	Action by Certificateholders with Respect to Bankruptcy	  	 	13	 
	 SECTION 4.4
	  	Restrictions on Certificateholders’ Power	  	 	13	 
	 SECTION 4.5
	  	Acts of Certificateholders; Majority Control	  	 	13	 
	 SECTION 4.6
	  	Compliance with the FDIC Rule	  	 	14	 

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 ARTICLE V
	  	 APPLICATION OF TRUST FUNDS; CERTAIN DUTIES
	  	 	14	 
			
	 SECTION 5.1
	  	Application of Trust Funds	  	 	14	 
	 SECTION 5.2
	  	Sarbanes-Oxley Act	  	 	14	 
	 SECTION 5.3
	  	Signature on Returns; Partnership Representative	  	 	15	 
	 SECTION 5.4
	  	Accounting and Reports to Certificateholders, the Internal Revenue Service and Others	  	 	15	 
	 SECTION 5.5
	  	Method of Payment	  	 	16	 
	 SECTION 5.6
	  	Certificate Distribution Account	  	 	16	 
	 SECTION 5.7
	  	FATCA	  	 	16	 
			
	 ARTICLE VI
	  	 AUTHORITY AND DUTIES OF OWNER TRUSTEE
	  	 	16	 
			
	 SECTION 6.1
	  	General Authority	  	 	16	 
	 SECTION 6.2
	  	General Duties	  	 	17	 
	 SECTION 6.3
	  	Action upon Instruction	  	 	17	 
	 SECTION 6.4
	  	No Duties Except as Specified in this Agreement or in Instructions	  	 	18	 
	 SECTION 6.5
	  	No Action Except under Specified Documents or Instructions	  	 	18	 
	 SECTION 6.6
	  	Restrictions	  	 	19	 
	 SECTION 6.7
	  	Relevant Trustee	  	 	19	 
	 SECTION 6.8
	  	Reporting	  	 	19	 
			
	 ARTICLE VII
	  	 CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE
	  	 	19	 
			
	 SECTION 7.1
	  	Acceptance of Trusts and Duties	  	 	19	 
	 SECTION 7.2
	  	Preservation of Information; Communications to Certificateholders	  	 	22	 
	 SECTION 7.3
	  	Statements to Certificateholders	  	 	22	 
	 SECTION 7.4
	  	Notice of Events of Default	  	 	23	 
	 SECTION 7.5
	  	Representations and Warranties	  	 	23	 
	 SECTION 7.6
	  	Reliance; Advice of Counsel	  	 	24	 
	 SECTION 7.7
	  	Not Acting in Individual Capacity	  	 	25	 
	 SECTION 7.8
	  	The Owner Trustee and the Delaware Trustee May Own Notes	  	 	25	 
	 SECTION 7.9
	  	Rule 144A Information	  	 	25	 

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 SECTION 7.10
	  	Duties of the Delaware Trustee	  	 	25	 
			
	 ARTICLE VIII
	  	 COMPENSATION AND INDEMNIFICATION OF THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE
	  	 	26	 
			
	 SECTION 8.1
	  	The Owner Trustee’s and the Delaware Trustee’s Compensation	  	 	26	 
	 SECTION 8.2
	  	Indemnification	  	 	26	 
	 SECTION 8.3
	  	Payments to the Owner Trustee and to the Delaware Trustee	  	 	27	 
	 SECTION 8.4
	  	Rights, Protections, Immunities and Indemnities of the Certificate Paying Agent Relevant Trustee and Paying Agent	  	 	27	 
			
	 ARTICLE IX
	  	 TERMINATION OF TRUST AGREEMENT
	  	 	27	 
			
	 SECTION 9.1
	  	Termination of Trust Agreement	  	 	27	 
	 SECTION 9.2
	  	Dissolution of the Issuer	  	 	28	 
	 SECTION 9.3
	  	Limitations on Termination	  	 	29	 
			
	 ARTICLE X
	  	 SUCCESSOR OWNER TRUSTEES AND ADDITIONAL OWNER TRUSTEES
	  	 	29	 
			
	 SECTION 10.1
	  	Eligibility Requirements for the Owner Trustee and the Delaware Trustee	  	 	29	 
	 SECTION 10.2
	  	Resignation or Removal of the Owner Trustee and the Delaware Trustee	  	 	29	 
	 SECTION 10.3
	  	Successor Owner Trustee or Delaware Trustee	  	 	30	 
	 SECTION 10.4
	  	Merger or Consolidation of the Owner Trustee or the Delaware Trustee	  	 	31	 
	 SECTION 10.5
	  	Appointment of Co-Trustee or Separate Trustee	  	 	31	 
			
	 ARTICLE XI
	  	 MISCELLANEOUS
	  	 	33	 
			
	 SECTION 11.1
	  	Amendments	  	 	33	 
	 SECTION 11.2
	  	No Legal Title to Trust Estate in Certificateholders	  	 	34	 
	 SECTION 11.3
	  	Limitations on Rights of Others	  	 	34	 
	 SECTION 11.4
	  	Notices	  	 	35	 
	 SECTION 11.5
	  	Severability	  	 	35	 
	 SECTION 11.6
	  	Separate Counterparts	  	 	36	 
	 SECTION 11.7
	  	Successors and Assigns	  	 	36	 
	 SECTION 11.8
	  	No Petition	  	 	36	 

  
 -iii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
	 SECTION 11.9
	  	Headings	  	 	37	 
	 SECTION 11.10
	  	Governing Law	  	 	37	 
	 SECTION 11.11
	  	Waiver of Jury Trial	  	 	38	 
	 SECTION 11.12
	  	Information Requests	  	 	38	 
	 SECTION 11.13
	  	Form 10-D and Form 10-K Filings	  	 	38	 
	 SECTION 11.14
	  	Form 8-K Filings	  	 	38	 
	 SECTION 11.15
	  	Information to Be Provided by the Owner Trustee and the Delaware Trustee	  	 	38	 
	 SECTION 11.16
	  	USA Patriot Act Compliance	  	 	39	 

  

			
	 Exhibit A
	  	 Form of Certificate

	 Exhibit B
	  	 Form of Certificate Investor Representation Letter

	 Exhibit C
	  	 Form of Notice Requests to Repurchase Receivables

	 Exhibit D
	  	 Form of Registration of Certificate Transfer Direction Letter Pursuant to the Trust Agreement

	 Exhibit E
	  	 Form of Owner Trustee’s and Delaware Trustee’s Annual Certification Regarding Item 1117 and Item 1119 of
Regulation AB

  
 -iv- 

 This AMENDED AND RESTATED TRUST AGREEMENT is made as of May 8,
2019 (as amended, supplemented or otherwise modified and in effect from time to time, this “Agreement”) among FIFTH THIRD HOLDINGS FUNDING, LLC, a Delaware limited liability company, as the depositor (the
“Depositor”), THE BANK OF NEW YORK MELLON, a New York banking corporation, as the owner trustee (in such capacity, the “Owner Trustee”), and BNY MELLON TRUST OF DELAWARE, a Delaware banking
corporation, as the Delaware trustee (in such capacity, the “Delaware Trustee”). 
 RECITALS 

WHEREAS, the Depositor, the Owner Trustee and the Delaware Trustee entered into that certain Trust Agreement dated as of
March 26, 2019 (the “Original Trust Agreement”) and filed a certificate of trust with the Secretary of State of the State of Delaware, 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 Seller, which contains rules
as to usage that are applicable herein. 
 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 (provided, that, to
the extent that the definitions in this Agreement and GAAP conflict, the definitions in this Agreement shall control); (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

  

					
		 		 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 
definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (e) the term “including” and all such variations thereof 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; (g) references to any Person include that Person’s
successors and assigns; and (h) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof. 

ARTICLE II 

ORGANIZATION 

SECTION 2.1 Name. The trust created under the Original Trust Agreement and continued hereby is known as “Fifth
Third Auto Trust 2019-1” (the “Issuer”), in which name the Owner Trustee, the Delaware Trustee, the Administrator and the Servicer (to the extent set forth in the Transaction Documents)
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 Delaware office of the Issuer shall be in the care of the Delaware Trustee at its Corporate
Trust Office, or at such other address in the State of Delaware as the Delaware Trustee may designate by written notice to each Certificateholder, the Depositor and the Administrator. The New York, New York office of the Issuer shall be in care of
the Owner Trustee at its Corporate Trust Office or at such other address as the Owner Trustee may designate by written notice to each 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 and to pay interest on and principal of the Notes to the Noteholders and to make distributions to the
Certificateholders; 
 (b)    to acquire the property and assets set forth in the Sale
Agreement from the Depositor pursuant to the terms thereof, to make deposits to and withdrawals from the Collection Account, the Principal Distribution Account, the Designated Certificateholder Account and the Reserve Account and to pay the
organizational, start-up and transactional expenses of the Issuer; 

(c)    to assign, Grant, transfer, pledge, mortgage and convey the Trust Estate pursuant to
the Indenture and to hold, manage and distribute to the Certificateholders 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; 

  

					
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Trust Agreement (FTAT 2019-1)

 (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 and the making of distributions to the Certificateholders and payments to the Noteholders. 

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 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 and the Delaware Trustee. Upon execution of this Agreement, the Owner
Trustee shall continue as owner trustee of the Issuer and shall have all the rights, powers and duties set forth herein. Upon execution of this Agreement, the Delaware Trustee shall continue as Delaware trustee of the Issuer for the sole purpose of
satisfying Section 3807(a) of the Statutory Trust Statute. 
 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 Certificateholders, 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 Statute, that this Agreement constitute the governing instrument of such statutory trust and that, for United
States federal, state and local income, franchise and value added tax purposes, (i) for so long as the Issuer has, or is deemed to have, a single beneficial owner, it shall be disregarded as an entity separate from its single beneficial owner
and (ii) if the Issuer has, or is deemed to have, more than one beneficial owner it shall be treated as a partnership that is not a “publicly traded partnership” as defined in Treasury Regulation
Section 1.7704-1 promulgated under the Code, and this Agreement shall be amended to include such provisions as may be required under Subchapter K of the Code. The parties hereto agree that the Issuer will
file or cause to be filed annual or other necessary tax returns, reports and other forms consistent with the foregoing tax characterization of the Issuer, as applicable, unless otherwise required by pertinent tax law. No election shall be made by or
on behalf of the Issuer to be classified as an association taxable as a corporation for United States federal income tax purposes. Effective as of the date hereof, the Owner Trustee and the Delaware Trustee, as applicable, shall have all rights,
powers and duties set forth herein and, to the extent not inconsistent herewith, in the Statutory Trust Statute with respect to accomplishing the purposes of the Issuer. The Owner Trustee and the Delaware Trustee filed the Certificate of Trust with
the Secretary of State of the State of Delaware as required by Section 3810(a) of the 

  

					
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Trust Agreement (FTAT 2019-1)

 
Statutory Trust Statute, such filing hereby being ratified and approved in all respects. Notwithstanding anything herein or in the Statutory Trust Statute 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. 

SECTION 2.7 Organizational Expenses; Liabilities of the Holders. 

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

(b)    No Certificateholder (including the Depositor) 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 of 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 and the Delaware Trustee that: 

(a)    Existence and Power. The Depositor is a limited liability company validly
existing and in good standing under the laws of the State of Delaware and has, in all material respects, all power and authority required to carry on its business as now conducted. The Depositor has obtained all necessary licenses and approvals in
each jurisdiction where the failure to do so would materially and adversely affect the ability of the Depositor to perform its obligations under the Transaction Documents. 

(b)    Authorization and No Contravention. The execution, delivery and performance
by the Depositor of each Transaction Document to which it is a party (i) have been duly authorized by all necessary limited liability company action on the part of the Depositor and (ii) do not contravene or constitute a default under
(A) any applicable law, rule or regulation, (B) its organizational instruments or (C) any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than, in the case of clauses
(A), (B) and (C), 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
Depositor’s ability to perform its obligations under, the Transaction Documents to which it is a party). 

(c)    No Consent Required. No approval or authorization by, or filing with, any
Governmental Authority is required in connection with the execution, delivery and performance by the Depositor of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and
filings which 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 ability of the Depositor to perform its obligations under the Transaction
Documents to which it is a party. 

  

					
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Trust Agreement (FTAT 2019-1)

 (d)    Binding Effect. Each
Transaction Document to which the Depositor is a party constitutes the legal, valid and binding obligation of the Depositor enforceable against the Depositor in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other similar laws affecting the enforcement of 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. 
 (e)    No
Proceedings. There are no Proceedings pending or, to the knowledge of the Depositor, threatened against the Depositor before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this Agreement or any of the
other Transaction Documents, (ii) seek to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek any determination or ruling
that would materially and adversely affect the performance by the Depositor of its obligations under this Agreement or any of the other Transaction Documents or the collectability or enforceability of the Receivables or (iv) relate to the
Depositor that would materially and adversely affect the federal or Applicable Tax State income, excise, franchise or similar tax attributes of the Notes. 

(f)    Situs of Issuer. The Issuer shall be located in the State of Delaware and
administered in the State of Delaware or the State of New York. All bank accounts maintained by the Owner Trustee on behalf of the Issuer shall be located in the State of Delaware or the State of New York. The Issuer shall not have any employees in
any state; provided, however, that nothing herein shall restrict or prohibit the Owner Trustee from having employees within or without the State of Delaware. Payments will be received by the Issuer only in Delaware or New York and
payments will be made by the Issuer only from Delaware or New York. 
 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 shall be the sole beneficiary of the Issuer; and 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 a Certificateholder. 

SECTION 3.2 Authentication of Certificates. 

(a)    Concurrently with the sale of the Transferred Assets to the Issuer pursuant to the
Sale Agreement, the Owner Trustee shall cause the Certificates to be executed on behalf of the Issuer, authenticated and delivered to or upon the written order of the Depositor, signed by its chairman of the board, its president, its chief financial
officer, its chief accounting officer, any vice president, its secretary, any assistant secretary, its treasurer or any assistant treasurer, without further corporate action by the Depositor. 

  

					
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Trust Agreement (FTAT 2019-1)

 (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 Certificates. The initial Certificate, upon issuance, will be a typewritten, definitive
Certificate substantially in the form of Exhibit A hereto and shall be registered in the name of Fifth Third Holdings Funding, LLC or its nominee as the initial registered owner thereof. 

SECTION 3.4 Registration of Certificates. The Owner Trustee, in its capacity as “Certificate Registrar” 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 (the “Certificate
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. Prior to the presentment for
registration of transfer of any Certificate, the Owner Trustee and the Indenture Trustee or any agent of the Owner Trustee, the Indenture Trustee and the Depositor may treat the Person in whose name any Certificate is registered (as of the
applicable Record Date) as the owner of such Certificate for the purpose of receiving distributions on such Certificate and for all other purposes whatsoever and unless the Certificate Register is notified of such change in ownership the only
available recourse such transferee shall have shall be to the person in whose name the related Certificate is registered. 

SECTION 3.5    Transfer of Certificates. (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)    (a) such transferee is either an Affiliate of the Depositor or (b) (1) is a
Qualified Institutional Buyer, (2) is aware that the sale or resale of the Certificates to it is being made in reliance on the exemption from registration provided by Rule 144A, and (3) is acquiring the Certificates for its own account or
for one or more accounts, each of which is a Qualified Institutional Buyer, and as to each of which the owner exercises sole investment discretion; 

(ii)    such transferee understands that the Certificates will bear the applicable legends
set forth in Section 3.5(h); 
 (iii)    such transferee
understands that the Certificates are being offered only in a transaction not involving any public offering in the United States within the meaning of the Securities Act, none of the Certificates have been or will be registered under the Securities
Act, and, if in the future the transferee decides to offer, resell, pledge or otherwise transfer the Certificates, such Certificates may be offered, resold, pledged or otherwise transferred solely in accordance with this Agreement and the applicable
legend on such Certificates set forth below; 

  

					
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 (iv)    such transferee understands that
an investment in the Certificates involves certain risks, including the risk of loss of all or a substantial part of its investment under certain circumstances. The transferee has had access to such financial and other information concerning the
Issuer and the Certificates as it deemed necessary or appropriate in order to make an informed investment decision with respect to its purchase of the Certificates. The transferee has such knowledge and experience in financial and business matters
that the transferee is capable of evaluating the merits and risks of its investment in the Certificates, and the transferee and any accounts for which it is acting are each able to bear the economic risk of the holder’s or of such investment;

 (v)    such transferee will not offer, transfer, pledge, sell or otherwise dispose of
the Certificates or any interest in the Certificates to any Person in any manner, or solicit any offer to buy, transfer, pledge or otherwise dispose of the Certificates or any interest in the Certificates from any Person in any manner, or make any
general solicitation by means of general advertising or in any other manner, or take any other action that would constitute a distribution of the Certificates under the Securities Act or that would render the disposition of the Certificates a
violation of Section 5 of the Securities Act or any other applicable securities laws or require registration pursuant thereto, and will not authorize any Person to act on its behalf, in such manner with respect to the Certificates; 

(vi)    the Owner Trustee and the Issuer determine (based on the advice of counsel or such
other information as they deem necessary or advisable) that the transfer complies with the requirements of clauses (d) and (f) of this Section 3.5; 

(vii)    such Certificate may not be acquired by or for the account of or with the assets
of a Benefit Plan or a governmental, church, non-U.S. or other plan which is subject to any Similar Law; 

(viii)    unless such transferee is an Affiliate of the Depositor, the transferee provides
a Certificate Investor Representation Letter substantially in the form of Exhibit B; and 

(ix)    such transferee acknowledges that the Issuer, the Owner Trustee and others will
rely upon the truth and accuracy of the acknowledgements, representations, warranties and agreements in this Section 3.5 and agrees that if any of the acknowledgements, representations, warranties or agreements made by it
in connection with its purchase of the Certificates are no longer accurate, the transferee will promptly notify the Issuer and the Owner Trustee. 

Each Certificateholder will represent and warrant that it is not (and will not be) a Benefit Plan or a governmental, church, non-U.S. or other plan which is subject to any Similar Law 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 or a
governmental, non-U.S. or church plan which is subject to Similar Law. The Owner Trustee shall have no duty to independently determine that the requirement in 

  

					
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clause (vi) 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 Percentage Interest evidenced by such Certificate upon surrender thereof to the Owner Trustee accompanied by the documents 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) a written instrument of transfer in the form
of the “Assignment” attached to the Form of Certificate attached hereto as Exhibit A and with such signature guarantees and evidence of authority of the Persons signing the instrument of transfer as the Owner Trustee may reasonably
require, (b) an executed direction letter regarding registration of such transfer in the form attached hereto as Exhibit D, and (c) the documents required by Sections 3.5(a)(viii) and 3.5(f) hereof. Promptly upon the
receipt of such documents 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 Interest in the Certificate Register and issue,
execute and deliver to such Certificateholder a Certificate evidencing such Percentage Interest. In the event a transferor transfers only a portion of its Percentage Interest, the Owner Trustee shall register and issue to such transferor a new
Certificate evidencing such transferor’s new Percentage Interest and shall issue, execute and deliver to such transferee a new Certificate evidencing such transferee’s Percentage Interest. 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 (other than for
purposes of clauses (d) and (e) of this Section 3.5), the Person in whose name any Certificate is registered as the sole owner of the Percentage Interest 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 the transferee has 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 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 and the Retained Notes. For purposes of determining whether the Issuer will
have more than 95 holders of an interest in the Certificates and the Retained Notes, each Person indirectly owning an interest in a Certificate (or a Retained Note) through a partnership (including any entity treated as a partnership

  

					
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for United States federal income tax purposes), a grantor trust, an S corporation or an entity wholly owned and disregarded as separate from (within the meaning of Treasury Regulation Section 301.7701-3) any of the foregoing (each such entity, a “flow-through entity”) shall be treated as a Certificateholder (or as a Holder of a Retained Note), as applicable, unless the Depositor
determines in its sole and absolute discretion, after consulting with qualified tax counsel, that less than substantially all 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 such transfer 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. 
 (f)    Each transferee shall provide a certification of non-foreign status, in such form as may be requested by the Seller or the Owner Trustee (e.g., IRS Form W-9), signed under penalties of perjury (and such other certification,
representations or opinion of counsel as may be requested by the Seller or the Owner Trustee), or other information or documentation requested by the Seller or the Owner Trustee to determine, in its sole discretion, that payments on such
Certificates will not be subject to withholding under U.S. tax law. 
 (g)    If a
Responsible Officer of the Owner Trustee becomes aware that (1) a transfer or attempted or purported transfer of any Certificate or interest therein was consummated in compliance with the provisions of this Section 3.5
on the basis of a materially incorrect certification from the transferor or purported transferee, (2) a transferee failed to deliver to the Owner Trustee the certificate required to be delivered under
Section 3.5(a)(viii) or (3) the Certificateholder of any Certificate or interest therein is in material breach of any representation or agreement set forth in any certificate or any deemed representation or agreement
of such Certificateholder, the Owner Trustee will direct the Certificate Registrar not to register such attempted or purported transfer and, if a transfer has been registered, such transfer shall be absolutely null and void ab initio and shall not
operate to transfer any rights to the purported transferee (such purported transferee, a “Disqualified Transferee”) and the last preceding Certificateholder of such Certificateholder that was not a Disqualified Transferee shall be restored
to all rights as a Certificateholder thereof retroactively to the date of the purported transfer of such Certificate by such Certificateholder. 

(h)    Each Certificate will bear a legend to the following effect: 

“THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)
OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS OF ANY STATE OR OTHER JURISDICTION. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS 

  

					
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CERTIFICATE MAY BE RESOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE
SKY” LAWS AND ONLY PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING FOR ITS
OWN ACCOUNT OR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A.” 

(i)    Each transferee (including each purchaser and subsequent transferee as a condition
precedent to any transfer of the Certificate) and, if different, each beneficial owner of a Certificate shall promptly provide the Issuer, Depositor and Administrator any reasonably requested information, documentation or material to enable the
Issuer to make any of the elections described in Section 5.3(b) and otherwise comply with Sections 6221 through 6241 of the Code (and any corresponding provision of state law). Each Certificateholder (including each purchaser and subsequent
transferee as a condition precedent to any transfer of the Certificate) and, if different, each beneficial owner of a Certificate shall hold the Issuer and its affiliates harmless for any expenses or losses (i) resulting from a beneficial owner
of a Certificate not properly taking into account or paying its allocated adjustment or liability under Section 6226 of the Code (or any corresponding provision of state law) and (ii) attributable to the good faith management or defense of
an audit under Sections 6221 through 6241 of the Code (or any corresponding provision of state law) or otherwise suffered due to actions the Issuer and its affiliates take in good faith with respect to and to comply with the rules under Sections
6221 through 6241 of the Code (or any corresponding provision of state law). 
 (j)    As
of the effective date of this Agreement, the Depositor intends to retain the Certificates. Although there is no present intent to effect any subsequent transfer of the Certificates, in the event that the Depositor did intend to transfer any of the
Certificates to a third party, the parties to this Agreement pursuant to Section 11(f) will amend the transfer provisions in this Section 3.5 as necessary to prevent any application of the Treasury Regulations under Section 385 of the
Code (including any subsequent or successor provision) that would result in the recharacterization of any of the Notes as equity. 

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 as
may be requested by the Owner Trustee to save it harmless, then, in the absence of notice to the Owner Trustee that such Certificate has been acquired by a protected purchaser, the Owner Trustee shall execute and deliver a new Certificate for the
same Percentage Interest in the Issuer as the Certificate so mutilated, destroyed, lost or stolen, of like tenor and bearing a different issue number, with such 

  

					
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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. If, after the delivery of such new Certificate a protected purchaser of the original Certificate in lieu of which such new Certificate was issued presents such original Certificate for transfer or payment,
the Issuer and Owner Trustee shall be entitled to recover such new Certificate from the Person to whom it was delivered or any Person taking title therefrom, except a protected purchaser, and the Issuer and Owner Trustee shall be entitled to recover
upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Issuer and Owner Trustee, in connection 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. The provisions of
this Section 3.6 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, defaced, destroyed, lost or stolen Certificates. 

SECTION 3.7 Appointment of the Certificate Paying Agent. At any time that a Certificate Distribution Account exists,
having been established in accordance with the terms of the Indenture, the Certificate Paying Agent shall make distributions to Certificateholders from the Certificate Distribution Account pursuant to Section 5.5 and shall
report the amounts of such distributions to the Owner Trustee and the Servicer. Any Certificate Paying Agent shall have the revocable power to withdraw funds from the Certificate Distribution Account for the purpose of making the distributions
referred to above. The Owner Trustee may revoke such power and remove the Certificate Paying Agent if the Owner Trustee determines in its sole discretion that the Certificate Paying Agent shall have failed to perform its obligations under this
Agreement in any material respect. The Certificate Paying Agent shall initially be The Bank of New York Mellon, and any co-paying agent chosen by the Certificate Paying Agent. The Bank of New York Mellon shall
be permitted to resign as Certificate Paying Agent upon thirty (30) days’ written notice to the Owner Trustee. If The Bank of New York Mellon shall no longer be the Certificate Paying Agent, the Administrator shall appoint a successor to
act as Certificate Paying Agent (which shall be a bank or a trust company). The Administrator shall cause such successor Certificate Paying Agent or any additional Certificate Paying Agent appointed by the Administrator to execute and deliver to the
Owner Trustee a written agreement in which such successor Certificate Paying Agent or additional Certificate Paying Agent shall agree with the Owner Trustee that, as Certificate Paying Agent, such successor Certificate Paying Agent or additional
Certificate Paying Agent shall hold all sums, if any, held by it for payment to the Certificateholders in trust for the benefit of the Certificateholders entitled thereto until such sums shall be paid to such Certificateholders. Subject to
applicable laws with respect to the escheat of funds, the Certificate Paying Agent shall return all funds that have remained unclaimed by a Certificateholder for two (2) years to the Owner Trustee. Immediately upon its removal, a Certificate
Paying Agent shall return all funds (including any unclaimed funds) in its possession to the Owner Trustee. The rights, protections and indemnities of the Owner Trustee under Article VII and Sections 8.2 and 9.2 of this
Agreement shall apply to the Owner Trustee also in its role as Certificate Paying Agent for so long as the Owner Trustee shall act as Certificate Paying Agent and, to the extent applicable, to any other paying agent appointed hereunder. Any
reference in this Agreement to the Certificate Paying Agent shall include any co-paying agent unless the context requires otherwise. 

  

					
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 SECTION 3.8 Maintenance of Office or Agency. As long as any of the
Certificates remain Outstanding, the Issuer shall maintain at the applicable Corporate Trust Office, an office or agency where Certificates may be surrendered for registration of transfer or exchange, and where notices and demands to or upon the
Issuer in respect of the Certificates and this Agreement may be served. The Issuer hereby initially appoints the Owner Trustee to serve as its agent for the foregoing purposes. The Issuer shall give prompt written notice to the Owner Trustee of the
location, and of any change in the location, of any such office or agency. If at any time the Issuer shall fail to maintain any such office or agency or shall fail to furnish the Owner Trustee with the address thereof, such surrenders, notices and
demands may be made or served at the applicable Corporate Trust Office, and the Issuer hereby appoints the Owner Trustee as its agent to receive all such surrenders, notices and demands. 

ARTICLE IV 
 ACTIONS BY
OWNER TRUSTEE 
 SECTION 4.1 Prior Notice to Certificateholders 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 unless at least thirty
(30) days before the taking of such action (or such shorter notice acceptable to the Certificateholders), the Owner Trustee shall have notified each Certificateholder in writing of the proposed action and each Certificateholder shall not have
notified the Owner Trustee in writing prior to the thirtieth (30th) day (or such shorter notice acceptable to the Certificateholders) after such notice is given that such Certificateholder has
withheld consent or provided alternative direction: 
 (a)    the appointment pursuant to
the Indenture of a successor Indenture Trustee; 
 (b)    the appointment pursuant to the
Servicing Agreement of a successor Servicer; or 
 (c)    the consent to the assignment
by the Note Registrar or the Indenture Trustee of its obligations under the Indenture or this Agreement. 
 SECTION 4.2
Action by Certificateholders with Respect to Certain Matters. The Owner Trustee shall not have the power, except upon the direction of the Majority 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 pursuant to Section 8 of the Administration Agreement or (c) appoint a successor Administrator
pursuant to Section 8 of the Administration Agreement. The Owner Trustee shall take the actions referred to in the preceding sentence only upon written instructions signed by the Majority Certificateholders at the time of
such action. 

  

					
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 SECTION 4.3 Action by Certificateholders with Respect to Bankruptcy.
To the fullest extent permitted by law, 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 of all Notes has been reduced to zero
without the prior written approval of each Certificateholder and the delivery to the Owner Trustee by each Certificateholder of a certification that such Certificateholders reasonably believe that the Issuer is insolvent. 

SECTION 4.4 Restrictions on Certificateholders’ Power. No Certificateholder shall direct the Owner
Trustee to take or refrain from taking any action if such action or inaction would be contrary to (i) any obligation of the Issuer or the Owner Trustee under this Agreement or any of the Transaction Documents,
(ii) Section 2.3 or (iii) applicable law, nor shall the Owner Trustee be obligated to follow any such direction, if given. 

SECTION 4.5 Acts of Certificateholders; Majority Control. (a) Any request, demand, authorization, direction,
notice, consent, waiver or other action provided by this Agreement to be given or taken by Certificateholders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Certificateholders in person or
by agents duly appointed in writing; and except as herein otherwise expressly provided such action shall become effective when such instrument or instruments are delivered to the Owner Trustee, and, where it is hereby expressly required, to the
Issuer. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Certificateholders signing such instrument or instruments. Proof of execution of any such
instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Agreement and (subject to Article VI) conclusive in favor of the Owner Trustee and the Issuer, if made in the manner provided in this Section. 

(b)    The fact and date of the execution by any person of any such instrument or writing
may be proved in any manner that the Owner Trustee deems sufficient. 
 (c)    The
ownership of Certificates shall be proved by the Certificate Register. 
 (d)    Any
request, demand, authorization, direction, notice, consent, waiver or other action by any Certificateholder shall bind the Holder of every Certificate issued upon the registration thereof or in exchange therefor or in lieu thereof, in respect of
anything done, omitted or suffered to be done by the Owner Trustee or the Issuer in reliance thereon, whether or not notation of such action is made upon such Certificate. 

(e)    Except as otherwise provided herein, 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 the Majority Certificateholders at the time of such action. 

  

					
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 SECTION 4.6 Compliance with the FDIC Rule. The Owner Trustee shall
(i) perform the covenants set forth in Article XII of the Indenture applicable to it and (ii) use reasonable efforts to comply with any request of the Depositor or the Servicer to facilitate compliance with Article XII of the
Indenture by the Fifth Third Parties. 
 ARTICLE V 

APPLICATION OF TRUST FUNDS; CERTAIN DUTIES 

SECTION 5.1 Application of Trust Funds. Deposits into the Certificate Distribution Account shall be made in accordance
with the provisions of the Indenture and this Agreement. On each Payment Date, after a Certificate Distribution Account has been established in accordance with the terms of the Indenture, the Certificate Paying Agent shall withdraw from the
Certificate Distribution Account and distribute to the Certificateholders, pro rata based on the Percentage Interest of each Certificateholder, all funds received in accordance with the provisions of the Indenture and this Agreement. Subject to the
lien of the Indenture, the Certificate Paying Agent shall promptly distribute to the Certificateholders all other amounts (if any) received by the Certificate Paying Agent on behalf of the Issuer in respect of the Trust Estate (pro rata based on the
Percentage Interest of each such Certificateholder). After the termination of the Indenture in accordance with its terms, the Certificate Paying Agent shall distribute all amounts received (if any) by the Owner Trustee on behalf of the Issuer in
respect of the Trust Estate in accordance with the provisions of this Agreement. If any withholding tax is imposed on any Issuer payment to, or is imposed on any allocable Issuer income of, 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 will withhold from amounts otherwise allocable or 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) upon the written direction of the Depositor.
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 or income allocation, 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. 

  

					
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 SECTION 5.3 Signature on Returns; Partnership Representative. 

(a)    The Administrator shall prepare (or cause to be prepared) and shall sign, on behalf
of the Issuer, the Issuer’s tax returns, if any, unless applicable law requires a Certificateholder to sign such documents. In the event that the Issuer is required to be treated as a partnership for United States federal income tax purposes,
the Certificateholder that is a United States Tax Person holding the largest Certificate Percentage Interest shall sign the tax returns of the Issuer. In the event that two or more Certificateholders would be described in the preceding sentence then
Certificateholder with the alphabetically first name shall be so designated. 
 (b)    In
the event that the Issuer is classified as a partnership for federal income tax purposes, the Certificateholder that is a United States Tax Person holding the largest Certificate Percentage Interest (or if such Certificateholder is ineligible, an
Affiliate of such Certificateholder that is a United States Tax Person) is hereby designated as the partnership representative under Section 6223(a) of the Code (and any corresponding provision of state law), and as the tax matters partner for
any applicable state law purposes, unless it designates another person, and the Issuer (or Depositor or Administrator on its behalf) shall take any action necessary to effect such designation (including working with the Depositor to designate any
designated individual required under the law). The Issuer shall or the Depositor or the Administrator shall cause the Issuer to, to the extent eligible, make the election under Section 6221(b) of the Code (and any corresponding provision of
state law) with respect to determinations of adjustments at the partnership level and take any other action such as disclosures and notifications necessary to effectuate such election. If the election described in the preceding sentence is not
available, to the extent applicable, the Issuer shall or the Depositor or the Administrator shall cause the Issuer to make the election under Section 6226(a) of the Code (and any corresponding provision of state law) with respect to the
alternative to payment of imputed underpayment by partnership and take any other action such as filings, disclosures and notifications necessary to effectuate such election. Notwithstanding the foregoing, each of the Issuer, Depositor and
Administrator is authorized, in its sole discretion, to make any available election related to Sections 6221 through 6241 of the Code (or any corresponding provision of state law) and take any action necessary for the Issuer to comply with Sections
6221 through 6241 of the Code (or any corresponding provision of state law). 
 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, if applicable, Schedule K-1) to enable each
Certificateholder to prepare its federal and state income tax returns and (c) 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. 

  

					
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 SECTION 5.5 Method of Payment. Subject to the Indenture,
distributions required to be made to a Certificateholder on any Payment Date and all amounts received by the Issuer or the Owner Trustee on any other date that are payable to a Certificateholder pursuant to this Agreement or any other Transaction
Document shall be made to such Certificateholder by wire transfer, in immediately available funds, to the account of such Certificateholder designated by such Certificateholder to the Owner Trustee in writing. 

SECTION 5.6 Certificate Distribution Account. A Certificate Distribution Account shall be established pursuant
to and solely to the extent required by Section 8.2 of the Indenture. The Certificateholders shall possess all right, title and interest in and to all funds on deposit from time to time in such Certificate Distribution
Account and all proceeds thereof. Except as otherwise provided herein or in the Indenture, such Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders.
If, at any time, such Certificate Distribution Account ceases to be an Eligible Account, the Owner Trustee (or the Servicer on behalf of the Owner Trustee, if such Certificate Distribution Account is not then held by the Owner Trustee or an
Affiliate thereof) shall within ten (10) Business Days establish a new Certificate Distribution Account as an Eligible Account and shall transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate
Distribution Account. Funds in the Certificate Distribution Account shall remain uninvested. 
 SECTION 5.7 FATCA.
The Depositor and each Certificateholder or holder of an interest in a Certificate covenants with the Owner Trustee and the Certificate Paying Agent that it will provide the Owner Trustee and the Certificate Paying Agent with sufficient information
so as to enable the Owner Trustee and the Certificate Paying Agent to determine whether or not each of the Owner Trustee and the Certificate Paying Agent, respectively, is obliged, in respect of any payments to be made by it pursuant to this Trust
Agreement, to make any withholding or deduction pursuant to an agreement described in Section 1471(b) of the Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Code and any regulations, or agreements thereunder or official
interpretations thereof or any intergovernmental agreement between the United States and another jurisdiction facilitating the implementation thereof (or any law implementing such an intergovernmental agreement). The Owner Trustee and the
Certificate Paying Agent shall be entitled to deduct FATCA Withholding Tax and shall have no obligation to gross-up any payment hereunder or to pay any additional amount as a result of such FATCA Withholding
Tax. 
 ARTICLE VI 

AUTHORITY AND DUTIES OF OWNER TRUSTEE 

SECTION 6.1 General Authority. The Owner Trustee is authorized and directed to execute and deliver the Transaction
Documents to which the Issuer is named as a party, and each certificate or other document attached as an exhibit to or contemplated by the Transaction Documents to which the Issuer or the Owner Trustee is named as a party 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 execute on behalf of the Issuer and to direct the Indenture Trustee
to authenticate and deliver Class A-1 Notes in the aggregate principal amount of $300,000,000, Class A-2-A Notes in the
aggregate principal amount of $447,368,000, Class A-2-B Notes in the aggregate principal amount of $52,632,000,
Class A-3 Notes in the aggregate principal amount of $430,000,000 and Class A-4 Notes in the 

  

					
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aggregate principal amount of $139,700,000. 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, the Administrator or a Majority of the Certificateholders recommends or directs in writing with respect to the Transaction
Documents, except to the extent that this Agreement expressly requires the consent of each 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 Certificateholders, subject to Transaction Documents, and in accordance with the provisions of this
Agreement. 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 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. For the avoidance of doubt, 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 the Bank, the Seller, 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 Certificateholders may, by written instruction, direct the Owner Trustee in the management of the Issuer. Such direction may be exercised at any time by written instruction of the Certificateholders pursuant to Article IV. 

(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 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 Certificateholders requesting instruction as to the course of

  

					
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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 Majority
Certificateholders (or, if specifically required, all Certificateholders) 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 ten (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 Certificateholders, and shall have no liability to any Person for such action or inaction. 

(d)    The Owner Trustee shall be under no obligation to exercise any of the rights or
powers vested in it by this Agreement, or to institute, conduct or defend any litigation, at the request, order or direction of any Certificateholder or any other Person, unless such Certificateholder or such Person has offered to the Owner Trustee
security or indemnity satisfactory to it against the costs, expenses and liabilities that may be incurred by the Owner Trustee (including, without limitation, the reasonable fees and expenses of its counsel) therein or thereby, including such
advances as the Owner Trustee shall reasonably request. 
 (e)    The Owner Trustee shall
not be personally liable for any distribution made in accordance with the provisions set forth in Section 9.1(a). 

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 in any public office at any time or to otherwise perfect or maintain the perfection of any security interest or Lien granted to it hereunder or to prepare or file any Commission filing (including any filings required under the
Sarbanes-Oxley Act) for the Issuer or to record this Agreement or any Transaction Document. The Bank of New York Mellon 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, The Bank of New York Mellon that are not related to the ownership or the administration of the Trust Estate. The Owner Trustee shall have no responsibility or
liability for or with respect to the genuineness, value, sufficiency or validity 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 (i) in accordance with the powers granted to and the
authority conferred upon the Owner Trustee pursuant to this Agreement, (ii) in accordance with the Transaction Documents and (iii) in accordance with any document or instruction delivered to the Owner Trustee pursuant to
Section 6.3. 

  

					
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 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 for United States federal income, state
and local income and franchise tax purposes, (i) affect the treatment of the Notes as indebtedness, (ii) be deemed to cause a taxable exchange of the Notes or (iii) cause the Issuer or any portion thereof to be treated as an
association or publicly traded partnership taxable as a corporation for United States federal income, state and local income or franchise and value added tax purposes. No Certificateholder shall direct the Owner Trustee to take action that would
violate the provisions of this Section 6.6 or applicable law (and in the event any such direction is given by the Certificateholders to the Owner Trustee, the Owner Trustee shall not be obligated to follow such direction).

 SECTION 6.7 Relevant Trustee. Following the payment in full of principal and interest on the Notes, the
Owner Trustee shall assume the role of Relevant Trustee for all purposes under the Transaction Documents and shall perform the obligations of the Relevant Trustee under the Indenture. In furtherance of the foregoing, Article 7, Article
8 and Article 12 of the Indenture are hereby incorporated by reference into this Agreement. 
 SECTION 6.8
Reporting. Upon receipt by the Owner Trustee from the Depositor of any reports or general loan data, the Owner Trustee will forward such reports in the form received to the Certificateholders; provided, that the Owner
Trustee shall not be required to forward any such reports to any Certificateholder who is the Depositor or an Affiliate of the Depositor. The Owner Trustee shall have no duty or obligations to review, verify or confirm the reports or any information
contained therein, and shall have no liability in connection therewith. Delivery of the Servicer Certificate to the Owner Trustee, as provided for in the Transaction Documents, is for informational purposes only and the Owner Trustee’s receipt
of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which the Owner Trustee is
entitled to rely exclusively on Officer’s Certificates). 
 ARTICLE VII 

CONCERNING THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE 

SECTION 7.1 Acceptance of Trusts and Duties. Each of the Owner Trustee and the Delaware 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 upon
the terms of the Transaction Documents and this Agreement. Neither the Owner Trustee nor the Delaware Trustee shall 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 (i) for its own willful misconduct, bad faith or negligence, (ii) in the case of the inaccuracy of any representation or warranty contained in
Section 7.5 expressly made by The Bank 

  

					
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of New York Mellon or BNY Mellon Trust of Delaware, as applicable, in their individual capacities, (iii) for liabilities arising from the failure of The Bank of New York Mellon to perform
obligations expressly undertaken by it in the third sentence of Section 6.4 or (iv) for taxes, fees or other charges on, based on or measured by, any fees, commissions or compensation received by the Owner Trustee or
the Delaware Trustee. In particular, but not by way of limitation (and subject to the exceptions set forth in the preceding sentence) of the foregoing: 

(a)    Neither the Owner Trustee nor the Delaware Trustee shall be personally liable for
any error of judgment made in good faith by any of its officers or employees unless it is proved that such Persons were negligent in ascertaining the pertinent facts; 

(b)    Neither the Owner Trustee nor the Delaware Trustee shall be liable with respect to
any action taken or omitted to be taken in good faith by it in accordance with the instructions of the Depositor, the Administrator or any Certificateholder delivered in accordance with the terms of this Agreement; 

(c)    No provision of this Agreement shall require the Owner Trustee or the Delaware
Trustee to expend or risk its personal funds or otherwise incur any financial liability in the exercise of its rights or powers hereunder; 

(d)    Under no circumstances shall the Owner Trustee or the Delaware Trustee be personally
liable for any representation, warranty, covenant, obligation or indebtedness of the Issuer; 

(e)    Neither the Owner Trustee nor the Delaware Trustee shall be personally responsible
for or in respect of the validity or sufficiency of this Agreement or for the due execution hereof by any Person other than the Owner Trustee or the Delaware Trustee, as applicable, or for the form, character, genuineness, sufficiency, value or
validity of the Trust Estate, or for or in respect of the accuracy, validity or sufficiency of any statement of any other party in the Transaction Documents, the Certificates or any other document supplied to the Owner Trustee or the Delaware
Trustee; 
 (f)    Neither the Owner Trustee nor the Delaware Trustee shall be deemed to
have knowledge or notice of any event or information, including any Event of Default, or be required to act upon any event or information (including the sending of any notice), unless written notice of such event or information is received by a
Responsible Officer and such notice references the event or information. Absent written notice in accordance with this Section, the Owner Trustee and the Delaware Trustee may assume that no such event has occurred. Neither the Owner Trustee nor the
Delaware Trustee shall have any obligation to inquire into, or investigate as to, the occurrence of any such event (including any Event of Default). For purposes of determining the Owner Trustee’s and the Delaware Trustee’s responsibility
and liability hereunder, whenever reference is made in this Trust Agreement to any event (including, but not limited to, an Event 

  

					
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of Default), such reference shall be construed to refer only to such event of which the Owner Trustee or the Delaware Trustee, as the case may be, has received written notice as described in this
Section. Knowledge of the Owner Trustee and the Delaware Trustee shall not be attributed or imputed to The Bank of New York Mellon’s or BNY Mellon Trust of Delaware’s other roles in the transaction; 

(g)    Each of the Owner Trustee and the Delaware Trustee undertakes to perform such duties
and only such duties as are specifically set forth in this Trust Agreement and the other Transaction Documents to which it is a party and no implied covenants or obligations shall be read into this Agreement or the other Transaction Documents
against the Owner Trustee or the Delaware Trustee; 
 (h)    Neither the Owner Trustee
nor the Delaware Trustee shall be under any obligation 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 direction of any of the Depositor, the Certificateholders or the Administrator, unless the Depositor, such Certificateholders or the Administrator have advanced necessary costs and offered to the
Owner Trustee or the Delaware Trustee, as the case may be, reasonable security or indemnity satisfactory to the Owner Trustee or the Delaware Trustee against the costs, expenses and liabilities that may be incurred by it therein or thereby. The
right of each of the Owner Trustee and the Delaware Trustee to perform any discretionary act enumerated in this Agreement or in any Transaction Document shall not be construed as a duty, and neither the Owner Trustee nor the Delaware Trustee shall
be answerable for other than its gross negligence, bad faith or willful misconduct in the performance of any such act; 

(i)    Anything in this Agreement to the contrary notwithstanding, in no event shall the
Owner Trustee or the Delaware Trustee be liable under or in connection with this Agreement or the Trust for indirect, special, incidental, punitive or consequential losses or damages of any kind whatsoever, including but not limited to lost profits;

 (j)    Neither the Owner Trustee nor the Delaware Trustee shall be required to
investigate any claims with respect to any breach of a representation or warranty under any of the Transaction Documents. For the avoidance of doubt, neither the Owner Trustee nor the Delaware Trustee shall be responsible for evaluating the
qualifications of any mediator or arbitrator, or be personally liable for paying the fees or expenses of any mediation or arbitration initiated by a requesting party; and 

(k)    Neither the Owner Trustee nor the Delaware Trustee shall be responsible or liable
for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, acts of war or terrorism, civil or military disturbances, nuclear
or natural catastrophes or acts of God; it being understood 

  

					
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that the Owner Trustee and the Delaware Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to resume performance of their respective
obligations as soon as practicable under the circumstances. 
 SECTION 7.2 Preservation of Information; Communications to
Certificateholders. (a) The Owner Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Certificateholders received by the Owner Trustee in its capacity as the Certificate Registrar;
provided, however, that so long as the Owner Trustee is the Certificate Registrar, no list separate from the Certificate Register shall be required to be preserved or maintained. 

(b)    The Certificateholders may communicate with other Certificateholders with respect to
their rights under this Agreement or under the Certificates. Upon receipt by the Owner Trustee of any written request by three or more Certificateholders or by one or more Certificateholders holding in the aggregate more than 25% of the Percentage
Interests to receive a copy of the most current list of Certificateholders together with a copy of the communication that the applicant proposes to send, the Owner Trustee shall distribute such list to the requesting Certificateholders;
provided, that the Owner Trustee may elect not to afford the requesting Certificateholders access to the list of Certificateholders if it agrees to mail the desired communication or proxy, on behalf of and at the expense of the requesting
Certificateholders, to all Certificateholders. Each Certificateholder, by receiving and holding a Certificate, shall be deemed to have agreed not to hold the Owner Trustee accountable by reason of the disclosure of its name and
address, regardless of the source from which such information was derived. 
 SECTION 7.3 Statements to
Certificateholders. 
 (a)    Upon receipt of written notice from the Indenture
Trustee pursuant to Section 7.4 of the Indenture of any change in the Indenture Trustee’s website pursuant to which the Relevant Trustee shall make available the Servicer’s Certificate, the Owner Trustee shall
promptly give notice to each Certificateholder of such change. 
 (b)    To the extent
the Owner Trustee has assumed the role of Relevant Trustee pursuant to the terms of Section 6.7, the Owner Trustee may make all reports or notices required to be provided by the Owner Trustee under
Section 7.4 of the Indenture; provided, however, that the Owner Trustee shall, if requested by the Administrator, deliver any such reports or notices in writing to the Administrator. Any information that is
disseminated in accordance with the provisions of this Section 7.3 shall not be required to be disseminated in any other form or manner. The Owner Trustee will make no representations or warranties as to the accuracy or
completeness of such documents and will assume no responsibility therefor. 

  

					
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 (c)    The Owner Trustee’s website
shall be initially located at https://gctinvestorreporting.bnymellon.com or at such other address as shall be specified by the Owner Trustee from time to time in writing to the Certificateholders, the Servicer, the Issuer or any Paying Agent. In
connection with providing access to the Owner Trustee’s website, the Owner Trustee may require registration and the acceptance of a disclaimer. The Owner Trustee shall not be liable for the dissemination of information in accordance with this
Agreement. The Owner Trustee shall notify Certificateholders in writing of any changes in the address or means of access to the website where the reports are accessible. Assistance in access to the website can be obtained by calling the Owner
Trustee’s customer service desk at (800) 332-4550. 
 SECTION 7.4
Notice of Events of Default. The Owner Trustee shall promptly give notice to each Certificateholder of any (a) Default or Event of Default of which it has been provided notice pursuant to Section 6.5 of the
Indenture and (b) Servicer Replacement Event of which it has been provided notice pursuant to Section 6.1 of the Servicing Agreement. 

SECTION 7.5 Representations and Warranties. (1) The Bank of New York Mellon hereby represents and warrants to the
Depositor for the benefit of the Certificateholders, that: 
 (a)    It is a New York
banking corporation duly incorporated and validly existing in good standing under the laws of New York and having an office within the State of New York. 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. 

  

					
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 (2) BNY Mellon Trust of Delaware hereby represents and warrants to the
Depositor for the benefit of the Certificateholders, that: 
 (a)    It is a Delaware
banking corporation duly organized and validly existing under the laws of 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 Delaware
Trustee, enforceable against the Delaware 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 Delaware Trustee
or any judgment or order binding on it, or constitute any default under its charter documents or by-laws. 

SECTION 7.6 Reliance; Advice of Counsel. 

(a)    Neither the Owner Trustee nor the Delaware Trustee shall incur any 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. Each of the Owner Trustee and the Delaware Trustee may 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 and the Delaware 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 of the relevant party, as to such fact or matter, and such certificate shall constitute full protection to the Owner Trustee and
the Delaware Trustee for any action taken or omitted to be taken by it in good faith in reliance thereon (the costs of which shall be paid by the party requesting such action). Neither the Owner Trustee nor the Delaware Trustee need investigate or re-calculate, evaluate, verify or independently determine the accuracy of any report, certificate, information, statement, representation or warranty or any fact or matter stated in any such document and, in the
absence of bad faith on its part, may conclusively rely thereon as to the truth of the statements and the correctness of the opinions expressed therein. 

  

					
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 (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 and the Delaware Trustee (i) may act directly or through its agents or attorneys pursuant to
agreements entered into with any of them, but the Owner Trustee and the Delaware 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 and the Delaware 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 7.7 Not Acting in Individual Capacity. Except as provided in this Article VII, in accepting the trusts
hereby created, each of The Bank of New York Mellon and BNY Mellon Trust of Delaware acts solely as the Owner Trustee and the Delaware Trustee, respectively, hereunder and not in its individual capacity and all Persons having any claim against the
Owner Trustee or the Delaware 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 7.8 The Owner Trustee and the Delaware Trustee May Own Notes. Each of the Owner Trustee and the Delaware
Trustee, in its individual or any other capacity, may become the owner or pledgee of Notes. Each of the Owner Trustee and the Delaware Trustee may deal with the Depositor, 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 or the Delaware Trustee, respectively, and the Depositor, the Indenture Trustee, the Administrator and their respective Affiliates may maintain normal
commercial banking relationships with the Owner Trustee, the Delaware Trustee and their Affiliates. 
 SECTION 7.9
Rule 144A Information. At any time when the Issuer is not subject to Section 13 or 15(d) of the Securities Exchange Act and is not exempt from reporting pursuant to Rule 12g3-2(b) under the
Securities Exchange Act, upon the request of a Certificateholder, the Depositor shall promptly furnish or cause to be furnished Rule 144A Information (as defined below) to such Certificateholder, to a prospective purchaser of such Certificate
designated by such Certificateholder or to the Owner Trustee for delivery to such Certificateholder or a prospective purchaser designated by such Certificateholder, as the case may be, in order to permit compliance by such Certificateholder and the
Issuer with Rule 144A in connection with the resale of such Certificate by such Certificateholder. “Rule 144A Information” shall be such information as is specified pursuant to Rule 144A(d)(4) under the Securities Act (or any
successor provision thereto). 
 SECTION 7.10 Duties of the Delaware Trustee. The Delaware Trustee is appointed to
serve as the trustee of the Issuer in the State of Delaware for the sole purpose of satisfying the requirement of Section 3807(a) Statutory Trust Statute that the Issuer have at least one trustee with a principal place of business in Delaware.
It is understood and agreed by the parties hereto that the 

  

					
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Delaware Trustee shall have none of the duties or liabilities of the Owner Trustee. The duties of the Delaware Trustee shall be limited to (a) accepting legal process served on the Issuer in
the State of Delaware and (b) the execution of any certificates required to be filed by the Statutory Trust Statute which the Delaware Trustee is required to execute under Section 3811 of the Statutory Trust Statute. To the extent that, at
law or in equity, the Delaware Trustee has duties (including fiduciary duties) and liabilities relating thereto with respect to the Issuer, the beneficial owners thereof or any other person, it is hereby understood and agreed by the other parties
hereto that such duties and liabilities will be replaced by the duties and liabilities of the Delaware Trustee expressly set forth in this Section 7.10. The Delaware Trustee shall have all the rights, privileges and
immunities of the Owner Trustee. In addition to the foregoing, the Delaware Trustee also hereby agrees to execute and deliver all amendments or supplements to this Agreement, delivered to it for execution pursuant to
Section 11.1, if such amendments or supplements do not materially or adversely affect the rights or duties of the Delaware Trustee. 

ARTICLE VIII 

COMPENSATION AND INDEMNIFICATION OF THE OWNER TRUSTEE AND THE DELAWARE TRUSTEE 

SECTION 8.1 The Owner Trustee’s and the Delaware Trustee’s Compensation. The
Depositor shall cause the Servicer to pay to The Bank of New York Mellon and BNY Mellon Trust of Delaware pursuant to Section 3.12 of the Servicing Agreement from time to time compensation for all services rendered by the
Owner Trustee, the Certificate Paying Agent and the Delaware Trustee, as the case may be, under this Agreement pursuant to (i) a fee letter among the Servicer, the Owner Trustee and the Certificate Paying Agent and (ii) a fee letter
between the Servicer and the Delaware Trustee (which compensation, in each case, shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust); provided, however, that such fee letter with
respect to the Owner Trustee may be amended from time to time after the date hereof to provide for the Owner Trustee’s role as Computation Agent and as agreed to by the Servicer and the Owner Trustee. The Servicer, pursuant to
Section 3.12 of the Servicing Agreement and the fee letters described in the preceding sentence, shall reimburse the Owner Trustee, the Certificate Paying Agent and the Delaware Trustee upon their request for all reasonable
expenses, disbursements and advances incurred or made by the Owner Trustee, the Certificate Paying Agent and the Delaware Trustee, as applicable, in accordance with any provision of this Agreement (including the reasonable compensation, expenses and
disbursements of such agents, experts and counsel as the Owner Trustee, the Certificate Paying Agent and the Delaware Trustee may employ in connection with the exercise and performance of their rights and its duties hereunder), except any such
expense as may be attributable to their willful misconduct, negligence (other than an error in judgment) or bad faith. To the extent not paid by the Servicer, such fees and reasonable expenses shall be paid in accordance with Sections 8.5 or
5.4(b) of the Indenture, as applicable. 
 SECTION 8.2 Indemnification. The Depositor shall cause the Servicer
to agree to indemnify the Owner Trustee, the Delaware Trustee and the Certificate Paying Agent, each in its individual capacity and as trustee and its successors, assigns, directors, officers, employees and agents (the “Indemnified
Parties”) from and against, any and all loss, liability, fee, expense, tax, penalty, action, suit, cost or claim (including reasonable legal fees and expenses (including any 

  

					
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legal fees or expenses incurred in connection with any action or suit brought by an Indemnified Party to enforce any indemnification or other obligation of the Servicer)) of any kind and nature
whatsoever which may at any time be imposed on, incurred by, or asserted against The Bank of New York Mellon and BNY Mellon Trust of Delaware, each in its individual capacity and as 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 Bank of New York Mellon or BNY Mellon Trust of Delaware hereunder; provided, however, that
neither the Depositor nor the Servicer shall be liable for or required to indemnify The Bank of New York Mellon or BNY Mellon Trust of Delaware from and against any of the foregoing expenses arising or resulting from (i) The Bank of New York
Mellon’s or BNY Mellon Trust of Delaware’s own willful misconduct, bad faith or negligence, (ii) the inaccuracy of any representation or warranty expressly made by The Bank of New York Mellon or BNY Mellon Trust of Delaware in their
individual capacities or any representation or warranty made by The Bank of New York Mellon in accordance with Section 11.13 or Section 11.14, (iii) liabilities arising from the failure of The Bank
of New York Mellon to perform obligations expressly undertaken by it in the third 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 or the Delaware Trustee. To the extent not paid by the Servicer, such indemnification shall be paid in accordance with Sections 8.5 or 5.4(b) of the Indenture, as applicable. The obligations under this
Section 8.2 shall survive the resignation or removal of the Owner Trustee and the Delaware Trustee, or the termination or assignment of this Agreement or any of the other Transaction Documents. 

SECTION 8.3 Payments to the Owner Trustee and to the Delaware Trustee. Any amounts paid to the Owner Trustee and to the
Delaware Trustee pursuant to this Article VIII and Section 8.2(c) of the Indenture shall be deemed not to be a part of the Trust Estate immediately after such payment. 

SECTION 8.4 Rights, Protections, Immunities and Indemnities of the Certificate Paying Agent Relevant Trustee and Paying
Agent. The rights, protections, immunities and indemnities of the Owner Trustee under this Agreement are hereby extended to the Certificate Paying Agent, the Owner Trustee as Relevant Trustee, and the Certificate Paying Agent as Paying Agent
under all of the Transaction Documents. 
 ARTICLE IX 

TERMINATION OF TRUST AGREEMENT 

SECTION 9.1 Termination of Trust Agreement. 

(a)     The Issuer shall wind up, dissolve and terminate and this Agreement (other than
provisions hereof which by their terms survive termination) shall terminate upon the final distribution by the Certificate Paying Agent of all moneys or other property or proceeds of the Trust Estate in accordance with the terms of the Indenture,
the Servicing Agreement and Article V of this Agreement. The bankruptcy, liquidation, dissolution, death or incapacity of any 

  

					
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Certificateholder shall not (x) operate to terminate this Agreement or the Issuer, nor (y) entitle any such Certificateholder’s legal representatives or heirs to claim an
accounting or to take any 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. 

(b)    Notice of any dissolution and termination of the Issuer, specifying the Payment Date
upon which Certificateholders shall surrender their Certificates to the Owner Trustee for payment of the final distribution and cancellation, shall be given by the Owner Trustee to Certificateholders, and if the Owner Trustee is notified of a
redemption of the Notes by the Administrator or the Issuer pursuant to Section 10.1(c) of the Indenture, such notice shall be mailed within five (5) Business Days of the Owner Trustee’s receipt of such notice from
the Issuer or Administrator. Each such notice to a Certificateholder shall state (i) the Payment Date upon or with respect to which final payment of the Certificates shall be made upon presentation and surrender of the Certificates at the
office of the Owner Trustee therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such Payment Date is not applicable and that payments are being made only upon presentation
and surrender of the Certificates at the office of the Owner Trustee therein specified. The Owner Trustee shall give such notice to the Certificate Registrar (if other than the Owner Trustee) and the Certificate Paying Agent at the time such notice
is given to Certificateholders. Upon presentation and surrender of each Certificate, the Certificate Paying Agent shall cause to be distributed to such Certificateholders, subject to Section 3808 of the Statutory Trust Statute, amounts
distributable on such Payment Date pursuant to Article V. 
 (c)    In the event
that any of the Certificateholders shall not surrender their Certificates for cancellation within six months after the date specified in the above mentioned written notice, the Owner Trustee shall give a second written notice to the remaining
Certificateholders to surrender their Certificates for cancellation and receive the final distribution with respect thereto. If within one year after the second notice any of the Certificates shall not have been surrendered for cancellation, the
Owner Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining Certificateholders concerning surrender of their Certificates and the cost thereof shall be paid out of the funds and other assets
that shall remain subject to this Agreement. Subject to applicable escheat laws, any funds remaining in the Trust Estate after exhaustion of such remedies shall be distributed by the Certificate Paying Agent to the last Certificateholder of record
identified in the Certificate Register for each such remaining Certificate. 
 SECTION 9.2 Dissolution of the Issuer.
Upon dissolution of the Issuer, the Administrator shall wind up the business and affairs of the Issuer as required by Section 3808 of the Statutory Trust Statute. 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 

  

					
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Trustee is aware of no claims remaining against the Issuer in respect of the Indenture and the Notes, the Administrator, in the absence of actual knowledge of any other claim against the Issuer,
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. At the direction of the Administrator,
the Owner Trustee shall (i), upon surrender of the outstanding Certificates or as otherwise provided in Section 9.1(c), cause the Certificate Paying Agent to distribute the remaining Trust Estate (if any) in accordance with
Section 9.1 hereof, and (ii) cause the Certificate of Trust to be cancelled by executing and filing, at the expense of the Depositor, a certificate of cancellation with the Delaware Secretary of State in accordance
with the provisions of Section 3810 of the Statutory Trust Statute, 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 any 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 and the Delaware 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 Delaware Trustee shall at all times be an institution satisfying the provisions of Section 3807(a) of the Statutory Trust Statute. In case
at any time the Owner Trustee or the Delaware Trustee shall cease to be eligible in accordance with the provisions of this Section, the Owner Trustee or the Delaware Trustee, as applicable, 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 and the
Delaware Trustee. Each of the Owner Trustee and the Delaware Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Depositor, the Administrator, the Servicer, the Indenture
Trustee and each Certificateholder. Upon receiving such notice of resignation, the Depositor and the Administrator, acting jointly, shall promptly appoint a successor Owner Trustee or Delaware Trustee, as applicable, 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 or Delaware Trustee, as applicable, and one copy to such successor
Owner Trustee or Delaware Trustee, as applicable. If no successor Owner Trustee or Delaware Trustee, as applicable, shall have been so appointed and have accepted appointment within thirty (30) days after the giving of such notice of
resignation, the resigning Owner Trustee or Delaware Trustee, as applicable, may (at the expense of the Depositor (including without limitation reasonable attorney’s fees and expenses)) petition any court of competent jurisdiction

  

					
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for the appointment of a successor Owner Trustee or Delaware Trustee, as applicable; 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 or Delaware Trustee, as applicable, from any obligations otherwise imposed on it under the Transaction Documents until such successor has in fact assumed such appointment. 

If at any time the Owner Trustee or Delaware Trustee, as applicable, 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 the Administrator, or if at any time the Owner Trustee or Delaware Trustee, as applicable, shall be legally unable to
act, or shall be adjudged bankrupt or insolvent, or a receiver of the Owner Trustee or Delaware Trustee, as applicable, or of its property shall be appointed, or any public officer shall take charge or control of the Owner Trustee or Delaware
Trustee or of either of their property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Depositor or the Administrator may remove such Owner Trustee or Delaware Trustee, as applicable. If the Depositor or the
Administrator shall remove the Owner Trustee or Delaware Trustee, as applicable, under the authority of the immediately preceding sentence, the Depositor and the Administrator, acting jointly, shall promptly appoint a successor Owner Trustee or
Delaware Trustee, as applicable, by written instrument, in duplicate, one copy of which instrument shall be delivered to the outgoing Owner Trustee or Delaware Trustee, as applicable, so removed and one copy to the successor Owner Trustee or
Delaware Trustee, as applicable, and shall pay all fees owed to the outgoing Owner Trustee or Delaware Trustee, as applicable. 

Any resignation or removal of the Owner Trustee or Delaware Trustee, as applicable, and appointment of a successor Owner
Trustee or Delaware Trustee, as applicable, pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor Owner Trustee or Delaware Trustee, as applicable, pursuant to
Section 10.3 and payment of all fees and expenses owed to the outgoing Owner Trustee or Delaware Trustee, as applicable. The Depositor shall provide (or shall cause to be provided) notice of such resignation or removal of
the Owner Trustee or Delaware Trustee, as applicable, to each of the Rating Agencies. 
 SECTION 10.3 Successor Owner
Trustee or Delaware Trustee. Any successor Owner Trustee or Delaware Trustee, as applicable, appointed pursuant to Section 10.2 shall execute, acknowledge and deliver to the Depositor, the Administrator and to its
predecessor Owner Trustee or Delaware Trustee, as applicable, an instrument accepting such appointment under this Agreement, and thereupon the resignation or removal of the predecessor Owner Trustee or Delaware Trustee, as applicable, shall become
effective and such successor Owner Trustee or Delaware Trustee, as applicable, 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 or Delaware Trustee, as applicable. The predecessor Owner Trustee or Delaware Trustee, as applicable, shall upon payment of its fees and expenses deliver to the successor Owner Trustee or
Delaware Trustee, as applicable, all documents and statements and monies held by it under this Agreement; and the Depositor and the predecessor Owner Trustee or Delaware Trustee, as applicable, 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 or Delaware Trustee, as applicable, all such rights, powers, duties and obligations. 

  

					
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 No successor Owner Trustee or Delaware Trustee, as applicable, shall accept
appointment as provided in this Section unless at the time of such acceptance such successor Owner Trustee or Delaware Trustee, as applicable, shall be eligible pursuant to Section 10.1. 

Upon acceptance of appointment by a successor Owner Trustee or Delaware Trustee, as applicable, pursuant to this Section, the
Depositor shall mail (or shall cause to be mailed) notice of the successor of such Owner Trustee or Delaware Trustee, as applicable, to each Certificateholder, Indenture Trustee, the Noteholders and each of the Rating Agencies. If the Depositor
shall fail to mail (or cause to be mailed) such notice within ten (10) days after acceptance of appointment by the successor Owner Trustee or Delaware Trustee, as applicable, the successor Owner Trustee or Delaware Trustee, as applicable, shall
cause such notice to be mailed at the expense of the Depositor. Any successor Delaware Trustee appointed pursuant to Section 10.2 shall promptly file an amendment to the Certificate of Trust with the Secretary of State
identifying the name and the principal place of business of such successor Delaware Trustee in the State of Delaware. 

SECTION 10.4 Merger or Consolidation of the Owner Trustee or the Delaware Trustee. Any Person into which the Owner
Trustee or Delaware Trustee, as applicable, may be merged or converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Owner Trustee or Delaware Trustee, as applicable, shall be
a party, or any Person succeeding to all or substantially all of the corporate trust business of the Owner Trustee or Delaware Trustee, as applicable, 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 or Delaware Trustee, as applicable, hereunder; provided, that such Person shall be eligible pursuant to
Section 10.1; and provided, further that the Delaware 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 all Certificateholders. 
 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 the activities of the Issuer under the Transaction Documents including 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 Trust Estate, 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 fifteen (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. 

  

					
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 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, or as otherwise set forth in its appointment document, in which event such rights, powers, duties and obligations (including the holding of title to the
Trust Estate 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 Administrator or Majority
Certificateholders; 
 (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. 
 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. 

  

					
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 ARTICLE XI 

MISCELLANEOUS 

SECTION 11.1 Amendments. 

(a)    Any term or provision of this Agreement may be amended by the parties hereto without
the consent of the Indenture Trustee, any Noteholder, any Certificateholder, the Issuer or any other Person subject to the satisfaction of one of the following conditions: 

(i)    the Depositor delivers an Opinion of Counsel or an Officer’s Certificate to the
Indenture Trustee to the effect that such amendment will not materially and adversely affect the interests of the Noteholders; or 

(ii)    the Rating Agency Condition is satisfied with respect to such amendment and the
Depositor notifies the Indenture Trustee in writing that the Rating Agency Condition is satisfied with respect to such amendment. 

(b)    This Agreement may also be amended from time to time by the parties hereto, 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 or the Certificateholders. It will not be necessary for the Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if the Noteholders approve the substance
thereof. The manner of obtaining such consents (and any other consents of the Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the 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 pursuant to this
Section 11.1, 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, the Depositor shall furnish a copy of such
amendment to each Rating Agency, the Issuer and the Indenture Trustee; provided, that no amendment pursuant to this Section 11.1 shall be effective which materially and adversely affects the rights, protections or
duties of the Indenture Trustee without the prior written consent of such Person. 
 (d) Prior to the
execution of any amendment to this Agreement, the Owner Trustee and the Delaware 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 an Officer’s 

  

					
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Certificate from the Depositor or the Administrator stating that all conditions precedent to the execution and delivery of such amendment have been satisfied. Each of the Owner Trustee and the
Delaware Trustee, as applicable, may, but shall not be obligated to, enter into any such amendment which materially and adversely affects the Owner Trustee’s or the Delaware Trustee’s, as applicable, own rights, privileges, duties or
immunities under this Agreement. 
 (e)    Notwithstanding subsections (a) or
(b) of this Section 11.1, this Agreement may only be amended by the Depositor if (i) the Majority Certificateholders consent to such amendment or (ii) such amendment shall not, as evidenced by an
Officer’s Certificate of the Depositor or an Opinion of Counsel delivered to the Owner Trustee and the Delaware Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for the
Certificateholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if the Certificateholders approve the substance thereof. The manner of obtaining such consents (and any other consents of the
Certificateholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the Certificateholders will be subject to such reasonable requirements as the Owner Trustee and the Delaware Trustee may prescribe.

 (f)    Notwithstanding the foregoing, this Agreement may be amended without the
consent of any Holder, Noteholder, Note Owner, the Issuer or any other person to add (as described in Section 3.5(h) hereof) transfer restrictions in Section 3.5 as necessary to prevent any application of the Treasury Regulations under
Section 385 of the Code (including any subsequent or successor provision) that would result in the recharacterization of any of the Notes as equity; provided, however, that any such amendment that adversely affects the Owner
Trustee’s, the Delaware Trustee’s or the Indenture Trustee’s, as applicable, own rights, privileges, indemnities, duties or obligations under this Agreement shall not be effective without the prior written consent of such affected
party. 
 SECTION 11.2 No Legal Title to Trust Estate in Certificateholders. Neither the Depositor nor any
Certificateholder shall have legal title to any part of the Trust Estate. Each 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 a 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 Delaware Trustee, the Depositor, the Administrator, the Certificateholders and, to the extent expressly provided herein, the
Indenture Trustee 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. 

  

					
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 SECTION 11.4 Notices. 

(a)    Unless otherwise expressly specified or permitted by the terms hereof, all notices
shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage prepaid, hand delivery, prepaid courier service, or by facsimile or email (if an applicable facsimile number or email
address is provided on Schedule I to the Sale Agreement), 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. 
 (b)    Any notice required or permitted to be
given to any Certificateholder shall be given by first-class mail, postage prepaid, at the address shown in the Certificate Registrar. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly
given, whether or not such Certificateholder receives such notice. 
 (c)    The Owner
Trustee hereby agrees to accept and act upon instructions or directions pursuant to this Agreement sent by unsecured email, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Owner Trustee shall
have received an incumbency certificate listing persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a
person is to be added or deleted from the list. If such party sending such instruction or direction elects to give the Owner Trustee email or facsimile instructions (or instructions by a similar electronic method) and the Owner Trustee in its
discretion elects to act upon such instructions, the Owner Trustee’s understanding of such instructions shall be deemed controlling. The Owner Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the
Owner Trustee’s reliance upon and compliance with such instructions notwithstanding whether such instructions conflict or are inconsistent with a subsequent written instruction. The party sending such instruction or direction agrees to assume
all risks arising out of the use of such electronic methods to submit instructions and directions to the Owner Trustee, including without limitation the risk of the Owner Trustee acting on unauthorized instructions, and the risk of interception and
misuse by third parties. 
 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. 

  

					
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 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, regardless of whether delivered in physical or electronic form, 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, each of the Depositor, the Owner Trustee and its successors, the Delaware Trustee and its successors and each Certificateholder and its successors and permitted assigns, all as herein provided. Any request, notice,
direction, consent, waiver or other instrument or action by a Certificateholder shall bind the successors and assigns of such 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 Delaware Trustee (in its individual capacity and as the Delaware Trustee, by entering into this Agreement), the Depositor, each Certificateholder, by accepting a
Certificate, 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 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 the foregoing shall in no way limit the rights of such parties to pursue any other creditor rights or remedies that such Persons may have
against the Issuer under applicable law. 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 

  

					
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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, the Delaware Trustee (in its individual capacity and as the Delaware 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 Delaware Trustee, the Indenture Trustee, each Noteholder or Note Owner and each 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, the Delaware Trustee (in its individual capacity and as the Delaware 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. 
 SECTION 11.9 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 11.10 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. 

  

					
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 SECTION 11.11 Waiver of Jury Trial. To the extent permitted by
applicable law, each party hereto irrevocably waives all right of trial by jury in any 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 11.12 Information Requests. The parties hereto shall provide any information reasonably
requested by the Seller, the Servicer, the Issuer, the Depositor or any of their Affiliates at the expense of the Seller, the Servicer, the Issuer, the Depositor or any of their Affiliates, as applicable, in order to comply with or obtain more
favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 
 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 and until the Depositor notifies the Owner
Trustee and the Delaware Trustee that such action is no longer required (i) no later than each Payment Date, the Owner Trustee and the Delaware Trustee, as applicable, shall notify the Depositor of any Form
10-D Disclosure Item with respect to the Owner Trustee or the Delaware Trustee, as applicable, together with a description of any such Form 10-D Disclosure Item in form
and substance reasonably acceptable to the Depositor; provided that no such notification need be made if there has been no change to such Form 10-D Disclosure Items from those
disclosed on the previous Payment Date, and (ii) on or before March 15 of each calendar year for so long as the Depositor is filing Exchange Act Reports with respect to the Issuer, commencing on March 15, 2020, the Owner Trustee and
the Delaware Trustee shall, upon written request of the Depositor, each deliver to the Depositor the certification substantially in the form attached hereto as Exhibit E or such form as mutually agreed upon by the Depositor and the Owner
Trustee or the Delaware Trustee, as applicable, regarding any affiliations or relationships (as contemplated in Item 1119 of Regulation AB) between the Owner Trustee or the Delaware Trustee, as applicable, and any Item 1119 Party and any Form 10-D Disclosure Item. 
 SECTION 11.14 Form 8-K
Filings. So long as the Depositor is filing Exchange Act Reports with respect to the Issuer and until the Depositor notifies the Owner Trustee and the Delaware Trustee, as applicable, that such action is no longer required, the Owner Trustee or
the Delaware Trustee, as applicable, shall promptly notify the Depositor, but in no event later than four (4) Business Days after its occurrence, of any Reportable Event described in clause (e) of the definition thereof with respect
to the Owner Trustee or the Delaware Trustee, as applicable, of which a Responsible Officer of the Owner Trustee or the Delaware Trustee, as applicable, has actual knowledge (other than a Reportable Event described in clause (e) of the
definition thereof as to which the Depositor or the Servicer has actual knowledge). The Owner Trustee and the Delaware Trustee shall be deemed to have actual knowledge of any such event solely to the extent that it relates to the Owner Trustee or
the Delaware Trustee, as applicable, in its individual capacity or any action by the Owner Trustee or the Delaware Trustee, as applicable, under this Agreement. 

SECTION 11.15 Information to Be Provided by the Owner Trustee and the Delaware Trustee. The Owner Trustee and the
Delaware Trustee shall provide the Depositor and the Servicer (each, a “Transaction Party” and, collectively, the “Transaction Parties”) with (i) notification, as soon as practicable and in any event within
five (5) Business Days, of all written demands communicated to a Responsible Officer of the Owner Trustee or the Delaware Trustee for the 

  

					
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purchase, repurchase or replacement of any Receivable pursuant to Section 3.6 of the Servicing Agreement or Section 3.3 of the Receivables Sale
Agreement, as applicable, and (ii) promptly upon reasonable request in writing by a Transaction Party, any other information reasonably requested by a Transaction Party that is in the Owner Trustee’s or the Delaware Trustee’s
possession and reasonably accessible to it to facilitate compliance by the Transaction Parties with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB. In no event shall the
Owner Trustee or the Delaware Trustee be deemed to be a “securitizer” as defined in Section 15G(a) of the Exchange Act with respect to the transactions contemplated by the Transaction Documents, nor shall it have (A) any
responsibility or liability for making any filing to be made by a securitizer under the Exchange Act or Regulation AB or (B) any duty or obligation to undertake any investigation or inquiry related to repurchase activity or otherwise to assume
any additional duties or responsibilities with respect to the transactions contemplated by the Transaction Documents. A demand does not include general inquiries, including investor inquiries, regarding asset performance or possible breaches of
representations or warranties. 
 SECTION 11.16 USA Patriot Act Compliance. The parties hereto acknowledge that in
accordance with Section 326 of the USA Patriot Act, the Owner Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that
identifies each person or legal entity that establishes a relationship or opens an account with the Owner Trustee. The parties to this Agreement agree that they will provide the Owner Trustee with such information as it may request in order for the
Owner Trustee to satisfy the requirements of the USA Patriot Act. 
 [Remainder of Page Intentionally Left Blank] 

  

					
		 	39	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

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

			
	 THE BANK OF NEW YORK MELLON, as Owner
Trustee

 
			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  

					
		 	S-1	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 
			
	 BNY MELLON TRUST OF DELAWARE, as Delaware
Trustee

 
			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  

					
		 	S-2	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 
			
	 FIFTH THIRD HOLDINGS FUNDING, LLC, as
Depositor

 
			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  

					
		 	S-3	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 EXHIBIT A 

FORM OF CERTIFICATE 
  

			
	 NUMBER
	  	    % PERCENTAGE INTEREST
	 R-        
	  	CUSIP NO.                           
		  	  ISIN                            

 FIFTH THIRD AUTO TRUST 2019-1 

CERTIFICATE 

Evidencing the 100% Percentage 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 vans. 

(This Certificate does not represent an interest in or obligation of Fifth Third Holdings, LLC, Fifth Third Holdings
Funding, LLC, Fifth Third Bank or any of their respective Affiliates, except to the extent described below.) 
 THIS
CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS OF ANY STATE OR OTHER JURISDICTION. THE HOLDER HEREOF, BY
PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE RESOLD, ASSIGNED, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE
SKY” LAWS AND ONLY PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”),
PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A. 

NEITHER THIS CERTIFICATE NOR ANY INTEREST HEREIN MAY BE ACQUIRED OR HELD (IN THE INITIAL ACQUISITION OR 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 TITLE I OF ERISA,
(B) A “PLAN” AS DESCRIBED BY SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), WHICH IS SUBJECT TO SECTION 4975 OF THE CODE, (C) ANY ENTITY DEEMED TO HOLD THE ASSETS OF ANY OF THE
FOREGOING BY REASON OF SUCH EMPLOYEE BENEFIT PLAN’S OR OTHER PLAN’S INVESTMENT IN THE ENTITY (EACH A “BENEFIT PLAN”) OR (D) A GOVERNMENTAL, CHURCH, NON-U.S. OR OTHER PLAN THAT IS
SUBJECT TO ANY FEDERAL, STATE, LOCAL OR NON-U.S. LAW THAT IS SUBSTANTIALLY SIMILAR TO THE FIDUCIARY RESPONSIBILITY OR PROHIBITED TRANSACTION PROVISIONS OF ERISA OR SECTION 4975 OF THE CODE. 

  
 A-1 

 THIS CERTIFIES THAT
[                    ] is the registered owner of a [    ]% nonassessable, fully-paid Percentage Interest in the Trust
Estate of FIFTH THIRD AUTO TRUST 2019-1, a Delaware statutory trust (the “Issuer”) formed by Fifth Third Holdings Funding, LLC, a Delaware limited liability company, as depositor (the
“Depositor”). 
 The Issuer was created pursuant to a Trust Agreement dated as of March 26, 2019 (as
amended and restated as of May 8, 2019, (the “Trust Agreement”)), among the Depositor, The Bank of New York Mellon, not in its individual capacity, but solely as owner trustee (the “Owner Trustee”), and
BNY Mellon Trust of Delaware, not in its individual capacity, but solely as Delaware trustee (the “Delaware 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 Appendix A to the Sale Agreement, dated as of May 8, 2019, 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, the Servicing Agreement 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 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. 

  
 A-2 

 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 or a governmental, church, non-U.S. or other plan which is subject to any Similar Law and is not purchasing on
behalf of a Benefit Plan or a governmental, church, non-U.S. or other plan which is subject to any Similar Law, and that the Holder is a United States Person as defined in Code Section 7701(a)(30). 

It is the intention of the parties to the Trust Agreement that, solely for purposes of United States federal income or state
and local income, franchise and value added tax purposes, (1) for so long as the Issuer has, or is deemed to have, but a single beneficial owner, including a single beneficial owner of the Certificates, it shall be disregarded as an entity
separate from its single beneficial owner and (2) if the Issuer has, or is deemed to have, more than one beneficial owner, including more than one beneficial owner of its Certificates, it shall be treated as a partnership that is not a
“publicly traded partnership” as defined in Treasury Regulation Section 1.7704-1 promulgated under the Code. No election shall be made by or on behalf of the Issuer to be classified as an
association taxable as a corporation for United States federal income tax purposes. 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 Percentage Interest 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. 

Each Certificateholder, by acceptance of this Certificate, acknowledges and agrees that the purpose of Article XII of
the Indenture is to facilitate compliance with the FDIC Rule by the Bank, the Depositor, the Servicer, FTH LLC and the Issuer (collectively, the “Fifth Third Parties”) and that the interpretations of the requirements of the FDIC Rule may
change over time, whether due to interpretive guidance provided by the FDIC or its staff, consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees that the provisions set forth in Article
XII of the Indenture shall have the effect and meanings that are appropriate under the FDIC Rule as such effect and meanings change over time on the basis of evolving interpretations of the FDIC Rule. 

  
 A-3 

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

							
		 		 	FIFTH THIRD AUTO TRUST 2019-1
			
		 		 	 By: The Bank of New York Mellon, 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. 

 

			
	 THE BANK OF NEW YORK MELLON, not in its individual capacity but solely as Owner Trustee

		
	 By:
	 	  

		 	 Authenticating Agent

		
	 By:
	 	  

		 	 Authorized Signatory

  
 A-5 

 ASSIGNMENT 

FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto 

PLEASE INSERT SOCIAL SECURITY 

OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

[                         
                               ] 

 

	
	  

	 (Please print or type name and address, including postal zip code, of assignee)

	
	  

	 the within Certificate, (Asset Backed Certificate No.
R-[    ] issued by Fifth Third Auto Trust 2019-1), and all rights thereunder, hereby irrevocably constituting and appointing

                       
                         Attorney to transfer said Certificate on the books of the Certificate Registrar, with full power
of substitution in the premises 
 Dated:
                            ,
[            ] 
  

			
	 [TRANSFEROR]
	 	

			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  
 A-6 

 EXHIBIT B 

FORM OF CERTIFICATE INVESTOR REPRESENTATION LETTER 

Relating to the 
 Fifth Third Auto
Trust 2019-1 Asset Backed Certificates 
  

			
	 Fifth Third Auto Trust 2019-1, as Issuer

c/o The Bank of New York Mellon

101 Barclay Street
 Floor 7
West
 New York, New York 10286

Attention: Asset Backed Securities Unit –

Fifth Third Bank 2019-1
	  	 The Bank of New York Mellon, as Owner

Trustee
 101 Barclay Street

Floor 7 West
 New York, New York
10286
 Attention: Asset Backed Securities Unit –

Fifth Third Bank 2019-1

		
	 [Transferor]

[Address]
	  	

 Ladies and Gentlemen: 

In connection with the purchase or acquisition of one or more certificates issued by Fifth Third Auto Trust 2019-1 (the “Certificates”) pursuant to the Amended and Restated Trust Agreement, dated as of May 8, 2019 (the “Trust Agreement”), among Fifth Third Holdings
Funding, LLC, a Delaware limited liability company, as the depositor (the “Depositor”), The Bank of New York Mellon, a New York banking corporation, not in its individual capacity, but solely as the owner trustee (the
“Owner Trustee”), and BNY Mellon Trust of Delaware, a Delaware banking corporation, not in its individual capacity, but solely as the Delaware trustee (the “Delaware Trustee”), the transferee named
below (the “Transferee”) hereby represents, warrants, covenants and agrees as follows (terms used but not defined herein have the respective meanings given to such terms in the Trust Agreement): 

 

	 	1.	 The Transferee understands that the Certificates are being offered only in a transaction not involving any
public offering in the United States within the meaning of the Securities Act of 1933, as amended (the “Act”), none of the certificates have been or will be registered under the Act and if in the future, the Transferee
decides to offer, resell, pledge or otherwise transfer the certificates, such certificates may be offered, resold, pledged or otherwise transferred solely in accordance with the Trust Agreement and the legend set forth in paragraph 11 below.

  

	 	2.	 The Transferee understands that an investment in the Certificates involves certain risks, including the risk
of loss of all or a substantial part of its investment under certain circumstances. 

  

					
		 	B-1	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

	 	3.	 The Transferee has such knowledge and experience in financial and business matters that the Transferee is
capable of evaluating the merits and risks of investments in the Certificates, and the Transferee and any accounts for which it is acting are each able to bear the economic risk of the holder’s or of its investment. 

 

	 	4.	 The Transferee has had access to such financial and other information concerning the Issuer and the
Certificates as it deemed necessary or appropriate in order to make an informed investment decision with respect to its purchase of the Certificates. 

  

	 	5.	 The Transferee will not offer, transfer, pledge, sell or otherwise dispose of the Certificates or any
interest in the Certificates to any person in any manner, or solicit any offer to buy, transfer, pledge or otherwise dispose of the Certificates or any interest in the Certificates from any person in any manner, or make any general solicitation by
means of general advertising or in any other manner, or take any other action that would constitute a distribution of the Certificates under the Act or that would render the disposition of the Certificates a violation of Section 5 of the Act or
any other applicable securities laws or require registration pursuant thereto, and will not authorize any person to act on its behalf, in such manner with respect to the Certificates. 

 

	 	6.	 The Transferee is either (a) an affiliate of the Depositor or (b) (i) a “qualified
institutional buyer” as that term is defined in Rule 144A under the Act (a “Qualified Institutional Buyer”), (ii) aware that the sale or resale of the Certificates to it is being made in reliance on the exemption from
registration provided by Rule 144A under the Act, and (iii) is acquiring the Certificates for its own account or for one or more accounts, each of which is a Qualified Institutional Buyer, and as to each of which it exercises sole investment
discretion. 

  

	 	7.	 Unless such person is an Affiliate of the Depositor, the Transferee agrees that it will not offer or sell,
or otherwise transfer the Certificates to any person unless the transferee of the Certificates has executed a Certificate Investor Representation Letter. 

  

	 	8.	 The Transferee acknowledges and agrees that the Owner Trustee shall not be obligated to register any
transfer of the Certificates unless the transferee has certified to the Owner Trustee that such transfer does not violate any of the transfer restrictions stated in the Trust Agreement, and that the Owner Trustee shall not be liable to any Person
for registering any transfer based on such certifications. 

  

	 	9.	 The Transferee acknowledges and agrees that no transfer (or purported transfer) of any Certificate 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 and the Retained Notes. For purposes of determining whether the Issuer will have more than 95 holders of an interest in the Certificates and the Retained Notes, each Person indirectly owning an interest in
a Certificate (or a Retained Note) through a partnership (including any entity treated as a partnership for United States federal income tax purposes), a grantor trust, an S 

  

					
		 	B-2	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

	 	 
corporation or an entity wholly owned and disregarded as separate from (within the meaning of Treasury Regulation Section 301.7701-3) any of the
foregoing (each such entity, a “flow-through entity”) shall be treated as a Certificateholder (or as a Holder of a Retained Note), as applicable, unless the Depositor determines in its sole and absolute discretion, after consulting
with qualified tax counsel, that less than substantially all 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.

  

	 	10.	 The Transferee acknowledges and agrees that no transfer of any Certificate shall be permitted if such
transfer 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 United States Treasury regulations
thereunder. 

  

	 	11.	 The Transferee understands that if a Responsible Officer of Owner Trustee becomes aware that (a) a
transfer or attempted or purported transfer of any Certificate or interest therein was consummated in compliance with the provisions of the Trust Agreement on the basis of a materially incorrect certification from the transferor or purported
transferee, (b) a transferee failed to deliver to the Owner Trustee a Certificate Investor Representation Letter or (c) the Certificateholder of any Certificate or interest therein is in material breach of any representation or agreement
set forth in any certificate or any deemed representation or agreement of such Certificateholder, the Owner Trustee will direct the Certificate Registrar not to register such attempted or purported transfer and, if a transfer has been registered,
such transfer shall be absolutely null and void ab initio and shall not operate to transfer any rights to the purported transferee (such purported transferee, a “Disqualified Transferee”) and the last preceding
Certificateholder of such Certificateholder that was not a Disqualified Transferee shall be restored to all rights as a Certificateholder thereof retroactively to the date of the purported transfer of such Certificate by such Certificateholder.

  

	 	12.	 The Transferee understands that the Certificates bear a legend to the following effect:

 “THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”) OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS OF ANY STATE OR OTHER JURISDICTION. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE RESOLD, ASSIGNED, PLEDGED OR
OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR ANY OTHER APPLICABLE SECURITIES OR “BLUE SKY” LAWS AND ONLY PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO A
PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED THAT THE REOFFER, RESALE OR OTHER
TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A.” 

  

					
		 	B-3	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

	 	13.	 The Transferee is not purchasing or holding the Certificates (or any interest therein) by or for the account
of or with the assets of (a) an employee benefit plan (as defined in Section 3(3) of ERISA), which is subject to Title I of ERISA, (b) a “plan” as described by Section 4975(e)(1) of the Code, which is subject to
Section 4975 of the Code, (c) any entity deemed to hold the assets of any of the foregoing by reason of such employee benefit plan’s or plan’s investment in the entity or (d) a governmental, church, non-U.S. or other plan that is subject to any federal, state, local or other law that is substantially similar to the fiduciary responsibility or prohibited transaction provisions of ERISA or Section 4975 of
the Code. 

  

	 	14.	 The Transferee is a person who is a United States Tax Person and has provided to the Owner Trustee, the
Administrator and the Certificate Paying Agent two properly completed and duly executed originals of U.S. Internal Revenue Service Form W-9 (or applicable successor form) certifying that it is not subject to
backup withholding. 

  

	 	15.	 The Transferee acknowledges that the Issuer, the Owner Trustee and others will rely upon the truth and
accuracy of the foregoing acknowledgements, representations, warranties and agreements and agrees that if any of the acknowledgments, representations, warranties or agreements made by it in connection with its purchase of the Certificates are no
longer accurate, the Transferee will promptly notify the Issuer and the Owner Trustee. 

  

	 	16.	 The Transferee hereby acknowledges and agrees that its purchase or acquisition of the Certificates is
subject to the confidentiality terms set forth in a confidentiality agreement in a form acceptable to the Depositor and the Bank to be attached hereto. 

This letter is not a commitment by the Transferee to purchase any Certificate or a commitment to sell any Certificate to the Transferee. 

You are entitled to rely upon this letter and you are irrevocably authorized to produce this letter or a copy hereof to any interested party in
any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 
 [Signature Page Follows] 

  

					
		 	B-4	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 Any photocopy, facsimile or other copy of this letter shall be deemed of
equal effect as a signed original. 
  

			
	 Executed by

	
	  

	 Name of Transferee

 
			
		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  

					
	 Transferee’s Address:
	  	  
	  	
			
		  	  
	  	
			
		  	  
	  	
			
		  	  
	  	
			
	 Telephone:
	  	  
	  	
			
	 Facsimile:
	  	  
	  	

  

					
		 	B-5	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 EXHIBIT C 

FORM OF NOTICE OF REQUESTS TO REPURCHASE RECEIVABLES 

[            ] 

[Depositor] 
 [Servicer] 

 

	 	Re:	 Fifth Third Auto Trust 2019-1 – Notice of Requests to
Repurchase Receivables 

 Reference is hereby made to the Amended and Restated Trust Agreement, dated as
of May 8, 2019 (the “Trust Agreement”), among Fifth Third Holdings Funding, LLC, as depositor (the “Depositor”), The Bank of New York Mellon, not in its individual capacity, but solely as owner trustee (the “Owner
Trustee”), and BNY Mellon Trust of Delaware, not in its individual capacity, but solely as Delaware trustee (the “Delaware Trustee”). Capitalized terms used herein and not otherwise defined shall have the meanings assigned such terms
in the Trust Agreement. This Notice is being delivered pursuant to Section 11.15 of the Trust Agreement. 

The Owner Trustee hereby certifies as to the checked option below: 

[    ] During the period from and including
[                    ] to but excluding
[                    ], the Owner Trustee received no requests from the holders of any of the Notes or Certificates outstanding during that
period requesting that any Receivables be repurchased with respect to such Notes or Certificates. 

[    ] During the period from and including
[                    ] to but excluding
[                    ], the Owner Trustee received one or more requests from the holders of any of the Notes or Certificates outstanding
during that period requesting that any Receivables be repurchased with respect to such Notes or Certificates. Copies of such requests received in writing are attached hereto, and details of any such requests received orally are as set forth below:

 Date of Request 

Number of Receivables 

Aggregate Principal Balance of Receivables Subject to Request 

[REMINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  

					
		 	C-1	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 
			
	 THE BANK OF NEW YORK MELLON,

not in its individual capacity but solely as Owner Trustee

			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	C-2	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 EXHIBIT D 

FORM OF REGISTRATION OF CERTIFICATE TRANSFER DIRECTION LETTER 

PURSUANT TO THE TRUST AGREEMENT 

[            ], 20[    ] 

The Bank of New York Mellon 
 as
Certificate Registrar and Owner Trustee 
 of Fifth Third Auto Trust 2019-1 

101 Barclay Street 
 Floor 7 West
New York, New York 10286 
 Attention: Asset Backed Securities Unit – Fifth Third Bank 2019-1

 Reference is hereby made to the Amended and Restated Trust Agreement, dated as of May 8, 2019 (the “Trust
Agreement”), among Fifth Third Holdings Funding, LLC, as Depositor (the “Depositor”), The Bank of New York Mellon, not in its individual capacity, but solely as Owner Trustee (the “Owner Trustee”), and BNY
Mellon Trust of Delaware, not in its individual capacity, but solely as Delaware Trustee (the “Delaware Trustee”), governing Fifth Third Auto Trust 2019-1 (the “Issuer”). Capitalized
terms not defined herein shall have the meanings assigned to such terms in the Trust Agreement. 
 You are hereby notified
that [name of Transferor] (the “Transferor”) has transferred its [    ]% beneficial interest in the Issuer evidenced by Certificate No.         . Enclosed, please
find the following documentation as required by the Trust Agreement: 
  

	 	1.	 Original Certificate No. R-[    ] for
cancellation; 

  

	 	2.	 Written instrument of transfer executed by Transferor with signature medallion guaranteed;1 

  

	 	3.	 Incumbency certificate of Transferor certified by an officer of the Transferor; 

 

	 	4.	 Certificate Investor Representation Letter executed by Transferee; 

 

	 	5.	 [FormW-9][applicable successor form] of Transferee.

 You are hereby directed, as Owner Trustee and Certificate Registrar, to take the following actions to register the
certificate transfer in the order enumerated below: 
  

	1 	 [Please use form of Assignment attached to the back of the Form of Certificate on Exhibit A of the Trust
Agreement.] 

  

					
		 	D-1	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

	 	a)	 cancel and dispose of, in accordance with the customary practices of the Owner Trustee, the Certificate
representing [        ] Percentage Interest in the Issuer, bearing certificate number R-[    ], registered in the name of the Transferor;

  

	 	b)	 execute and authenticate one or more Certificates, as specified in Schedule A hereto, representing
the relevant Percentage Interest in the Issuer specified in Schedule A hereto, bearing such appropriate certificate number as determined by the Certificate Registrar and to register said Certificate in the name of the Transferee specified in
the corresponding column on Schedule A hereto; and 

  

	 	c)	 to deliver said authenticated Certificates to the addresses specified in the corresponding column on
Schedule A hereto. 

 The wire instructions of each Certificateholder are set forth on Schedule
A hereto. 
 The undersigned Transferee hereby certifies to the Owner Trustee that the transfer requested hereby does
not violate any of the transfer restrictions stated in the Trust Agreement, including but not limited to clauses (d) and (e) of Section 3.5 thereof. 

[Signature Page Follows] 

  

					
		 	E-2	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 
			
	[TRANSFEROR]

 
			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

 
			
	
	[TRANSFEREE]

 
			
		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	E-3	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 SCHEDULE A 

[To be updated] 
  

									
	 Name of

Transferee
	  	 Tax ID
Number
 of Transferee
	  	
Percentage
 Interest2
	 	Delivery

Address
	 	Wire

Instructions

	 	  	 	  	 	 	 	 	 
	 	  	 	  	 	 	 	 	 
	 	  	 	  	 	 	 	 	 
	 	  	 	  	 	 	 	 	 

  
  

	2 	 Aggregate Percentage Interest of new Certificates must match the Percentage Interest of the transferred
Certificate being cancelled pursuant to (a) above. 

  

					
		 	E-4	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

 EXHIBIT E 

FORM OF OWNER TRUSTEE’S ANNUAL CERTIFICATION 

REGARDING ITEM 1117 AND ITEM 1119 OF REGULATION AB 

Reference is made to the Form 10-K of Fifth Third Auto Trust 2019-1 (the “Form 10-K”) for the fiscal year ended December 31, 20[    ]. Capitalized terms used but not otherwise defined herein
shall have the respective meanings given to them in the Form 10-K. 
 The Bank of
New York Mellon, a New York banking corporation (“BNYM”), does hereby certify to the Sponsor, the Depositor and the Issuing Entity that: 

1.    We confirmed on [    ] that the following continues to fulfill the Reg AB 1117
reporting requirement for BNYM: 
 “In the ordinary course of business, The Bank of New York Mellon is named as a
defendant in or made a party to pending and potential legal actions. In connection with its role as trustee of certain residential mortgage-backed securitization (“RMBS”) transactions, The Bank of New York Mellon has been named as a
defendant in a number of legal actions brought by RMBS investors. These lawsuits allege that the trustee had expansive duties under the governing agreements, including the duty to investigate and pursue breach of representation and warranty claims
against other parties to the RMBS transactions. While it is inherently difficult to predict the eventual outcomes of pending actions, The Bank of New York Mellon denies liability and intends to defend the litigations vigorously.” 

2.    As of the date of the Form 10-K, to best of the knowledge of
the undersigned officer, there are no affiliations, as contemplated by Item 1119 of Regulation AB, between BNYM and any of Fifth Third Bank, an Ohio banking corporation, Fifth Third Holdings, LLC, Fifth Third Holdings Funding, LLC, the Indenture
Trustee and the Issuing Entity, or any affiliates of such parties. 
 IN WITNESS WHEREOF, BNYM has caused this certificate to be executed in
its corporate name by an officer thereunto duly authorized. 

Dated:            , 20[    ] 

 

			
	 The Bank of New York Mellon

		
	 By:
	 	  

			
	 Name:
	 	
	 Title:
	 	

  
 E-1 

 FORM OF DELAWARE TRUSTEE’S ANNUAL CERTIFICATION 

REGARDING ITEM 1117 AND ITEM 1119 OF REGULATION AB 

Reference is made to the Form 10-K of Fifth Third Auto Trust
2019-1 (the “Form 10-K”) for the fiscal year ended December 31, 20[    ]. Capitalized terms used but not otherwise defined herein
shall have the respective meanings given to them in the Form 10-K. 
 BNY Mellon Trust of Delaware,
a Delaware banking corporation (“BNYMDE”), does hereby certify to the Sponsor, the Depositor and the Issuing Entity that: 

1.    We confirmed on [    ] that the following continues to fulfill the Reg AB 1117
reporting requirement for BNYMDE 
 “In the ordinary course of business, The Bank of New York Mellon is named as a defendant in or made
a party to pending and potential legal actions. In connection with its role as trustee of certain residential mortgage-backed securitization (“RMBS”) transactions, The Bank of New York Mellon has been named as a defendant in a number of
legal actions brought by RMBS investors. These lawsuits allege that the trustee had expansive duties under the governing agreements, including the duty to investigate and pursue breach of representation and warranty claims against other parties to
the RMBS transactions. While it is inherently difficult to predict the eventual outcomes of pending actions, The Bank of New York Mellon denies liability and intends to defend the litigations vigorously.” 

2.    As of the date of the Form 10-K, to best of the knowledge of
the undersigned officer, there are no affiliations, as contemplated by Item 1119 of Regulation AB, between BNYMDE and any of Fifth Third Bank, an Ohio banking corporation, Fifth Third Holdings, LLC, Fifth Third Holdings Funding, LLC, the Indenture
Trustee and the Issuing Entity, or any affiliates of such parties. 
 IN WITNESS WHEREOF, BNYMDE has caused this certificate to be executed
in its corporate name by an officer thereunto duly authorized. 

Dated:            , 20[    ] 

 

			
	 BNY Mellon Trust of Delaware

			
		
	 By:
	 	

 
			
	 Name:
	 	
	 Title:
	 	

  

					
		 	E-2	 	 Amended and Restated

Trust Agreement (FTAT 2019-1)

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