Document:

Exhibit 10.3

 

 

EXCHANGE NOTE SALE AGREEMENT

 

between

 

FORD CREDIT AUTO LEASE TWO LLC,

acting for its series of

limited liability company interests designated as

the "2022-A Series", as Depositor

 

and

 

FORD CREDIT AUTO LEASE TRUST 2022-A,

as Issuer

 

Dated as of April 1, 2022

 

 

     

     

    

 

TABLE OF CONTENTS

 

	ARTICLE I USAGE AND DEFINITIONS	1

	 	Section 1.1.	Usage and Definitions	1

 

	ARTICLE II SALE AND PURCHASE OF SOLD PROPERTY	1

	 	Section 2.1.	Sale of Sold Property	1
	 	Section 2.2.	Payment for Sold Property; Delivery of Exchange Note	2
	 	Section 2.3.	Acknowledgement of Assignment and Servicing	2
	 	Section 2.4.	Savings Clause	2

 

	ARTICLE III REPRESENTATIONS AND WARRANTIES	3

	 	Section 3.1.	Depositor's Representations and Warranties	3
	 	Section 3.2.	Depositor's Representations and Warranties About Sold Property and Reference Pool	4
	 	Section 3.3.	Depositor's Reallocation of Leases and Leased Vehicles for Breach of Representations	5
	 	Section 3.4.	Dispute Resolution	6
	 	Section 3.5.	Issuer's Representations and Warranties	9

 

	ARTICLE IV DEPOSITOR'S AGREEMENTS	10

	 	Section 4.1.	Required Reserve Amount	10
	 	Section 4.2.	Financing Statements	10
	 	Section 4.3.	No Sale or Lien by Depositor	10
	 	Section 4.4.	Expenses	11

 

	ARTICLE V OTHER AGREEMENTS	11

	 	Section 5.1.	Obligations Unaffected	11
	 	Section 5.2.	No Petition	11
	 	Section 5.3.	Limited Recourse	11
	 	Section 5.4.	Obligations Under Exchange Note	11
	 	Section 5.5.	Limitation of Liability of Owner Trustee	11
	 	Section 5.6.	Issuer Obligation	11
	 	Section 5.7.	Termination	12

 

	ARTICLE VI MISCELLANEOUS	12

	 	Section 6.1.	Amendments	12
	 	Section 6.2.	Benefit of Agreement; Third-Party Beneficiaries	12
	 	Section 6.3.	Notices	12
	 	Section 6.4.	GOVERNING LAW	13
	 	Section 6.5.	Submission to Jurisdiction	13
	 	Section 6.6.	WAIVER OF JURY TRIAL	13
	 	Section 6.7.	No Waiver; Remedies	13
	 	Section 6.8.	Severability	13
	 	Section 6.9.	Headings	13
	 	Section 6.10.	Counterparts	13

 

    i

     

    

 

EXCHANGE NOTE SALE AGREEMENT, dated as of April 1,
2022 (this "Agreement"), between FORD CREDIT AUTO LEASE TWO LLC, a Delaware limited liability company, acting for its
series of limited liability company interests designated as the "2022-A Series," as Depositor, and FORD CREDIT AUTO LEASE TRUST
2022-A, a Delaware statutory trust, as Issuer.

 

BACKGROUND

 

Ford Credit makes loans to the Titling Companies
under a Credit and Security Agreement to finance their acquisition of leases and leased vehicles originated by motor vehicle dealers.
Each Titling Company allocates the leases and leased vehicles to a separate series of limited liability company interests in the Titling
Company designated as the "Collateral Specified Interest" and pledges them as Collateral to secure the Revolving Facility.

 

Ford Credit requested that a portion of the Revolving
Facility Balance be exchanged for a note designated as the "2022-A Exchange Note" to be issued by the Titling Companies to Ford
Credit under the Exchange Note Supplement and the Credit and Security Agreement. Ford Credit and the Titling Companies designated the
2022-A Reference Pool for the 2022-A Exchange Note and allocated the Leases and Leased Vehicles from the Revolving Facility Pool to the
2022-A Reference Pool.

 

In connection with a securitization transaction
sponsored by Ford Credit in which the Issuer will issue Notes secured by the 2022-A Exchange Note, Ford Credit has sold the 2022-A Exchange
Note to the Depositor, who will sell it to the Issuer.

 

The parties agree as follows:

 

ARTICLE I

USAGE AND DEFINITIONS

 

Section 1.1.     Usage
and Definitions. Capitalized terms used but not defined in this Agreement are defined in Appendix 1 to the 2022-A Exchange Note Supplement,
dated as of April 1, 2022 (the "Exchange Note Supplement"), to the Fourth Amended and Restated Credit and
Security Agreement, dated as of July 22, 2005, as amended and restated as of June 4, 2021 (the "Credit and Security
Agreement"), among CAB East LLC and CAB West LLC, as Borrowers, U.S. Bank National Association, as Administrative Agent, HTD
Leasing LLC, as Collateral Agent, and Ford Motor Credit Company LLC, as Lender and Servicer, or in Appendix A to the Credit and Security
Agreement. Appendix 1 and Appendix A also contain usage rules that apply to this Agreement. Appendix 1 and Appendix A are incorporated
by reference into this Agreement.

 

ARTICLE II

SALE AND PURCHASE OF SOLD PROPERTY

 

Section 2.1.     Sale
of Sold Property. Effective on the Closing Date and immediately after the transaction under the Exchange Note Purchase Agreement,
and immediately before the transactions under the Trust Agreement and the Indenture, the Depositor sells and assigns to the Issuer, without
recourse (other than the Depositor's obligations under this Agreement), all of the Depositor's right, title and interest, whether now
owned or later acquired, in the Sold Property. This sale and assignment does not, and is not intended to, include any obligation of the
Depositor to the Titling Companies, the Lessees, the Dealers or any other Person relating to the 2022-A Reference Pool and the other
Sold Property, and the Issuer does not assume any obligations.

 

     

     

    

  

Section 2.2.     Payment
for Sold Property; Delivery of Exchange Note.

 

(a)            Payment
for Sold Property. In consideration for the Sold Property, the Issuer will transfer to the Depositor the Notes as payment for the
2022-A Exchange Note and the other Sold Property. The Depositor and the Issuer each represents and warrants to the other that the transfer
of the Notes on the Closing Date and the increase in the value of the Depositor's beneficial interest in the Issuer, is equal to the fair
market value of the 2022-A Exchange Note and the other Sold Property.

 

(b)            Delivery
of Exchange Note. On payment for the Sold Property, the Depositor will deliver to the Issuer the 2022-A Exchange Note, registered
in the name of "Ford Motor Credit Company LLC" and duly endorsed by Ford Credit in blank.

 

Section 2.3.     Acknowledgement
of Assignment and Servicing.

 

(a)            Further
Assignment. The Depositor acknowledges that, under the Indenture, the Issuer will assign and pledge the Sold Property and related
property and rights to the Indenture Trustee for the benefit of the Secured Parties.

 

(b)            Servicing.
The Issuer acknowledges the engagement of Ford Credit as Servicer of the Leases and Leased Vehicles in the 2022-A Reference Pool under
the Servicing Supplement and the Servicing Agreement.

 

Section 2.4.     Savings
Clause. The Depositor and the Issuer intend that the sale and assignment under this Agreement be an absolute sale and assignment
of the Sold Property, conveying good title to the Sold Property free and clear of any Lien other than Permitted Liens, from the Depositor
to the Issuer. The Depositor and the Issuer intend that the Sold Property not be a part of the Depositor's estate if there is a bankruptcy
or insolvency of the Depositor. If, despite the intent of the Depositor and the Issuer, the transfer of the Sold Property under this
Agreement is determined to be a pledge for a financing or is determined not to be an absolute sale and assignment, the Depositor Grants
to the Issuer on the date of this Agreement a security interest in the Depositor's right, title and interest in the Sold Property, whether
now owned or later acquired, to secure a loan in an amount equal to all amounts payable by the Depositor under this Agreement, all amounts
payable as principal or interest on the Notes, all amounts payable as Reference Pool Servicing Fees under the Servicing Supplement and
all other amounts payable by the Issuer under the Transaction Documents. In that case, this Agreement is a security agreement under law
and the Issuer will have the rights and remedies of a secured party and creditor under the UCC.

 

    2

     

    

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES

 

Section 3.1.     Depositor's
Representations and Warranties. The Depositor makes the following representations and warranties on which the Issuer is relying in
purchasing the Sold Property. The representations and warranties are made as of the Closing Date and will survive the sale and assignment
of the Sold Property by the Depositor to the Issuer under this Agreement and the pledge of the Sold Property by the Issuer to the Indenture
Trustee under the Indenture:

 

(a)            Organization
and Qualification. The Depositor is duly organized and validly existing as a limited liability company in good standing under the
laws of the State of Delaware. The Depositor is qualified as a foreign limited liability company in good standing and has obtained all
necessary licenses and approvals in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities
requires qualification, license or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably
be expected to have a material adverse effect on the Depositor's ability to perform its obligations under this Agreement.

 

(b)            Power,
Authority and Enforceability. The Depositor has the power and authority to execute, deliver and perform its obligations under this
Agreement. The Depositor has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid
and binding obligation of the Depositor enforceable against the Depositor, except as may be limited by insolvency, bankruptcy, reorganization
or other similar laws relating to the enforcement of creditors' rights or by general equitable principles.

 

(c)            No
Conflicts and No Violation. The completion of the transactions under this Agreement, and the performance of its obligations under
this Agreement, will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement,
guarantee or similar document under which the Depositor is a debtor or guarantor, (ii) result in the creation or imposition of a
Lien on the Depositor's properties or assets under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee or similar
document (other than this Agreement), (iii) violate the Depositor's certificate of formation or limited liability company agreement
or (iv) violate a law or, to the Depositor's knowledge, an order, rule or regulation of a federal or State court, regulatory
body, administrative agency or other governmental instrumentality having jurisdiction over the Depositor or its properties that applies
to the Depositor, which, in each case, would reasonably be expected to have a material adverse effect on the Depositor's ability to perform
its obligations under this Agreement.

 

(d)            No
Proceedings. To the Depositor's knowledge, there are no proceedings or investigations pending or threatened in writing before a federal
or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Depositor or
its properties (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the completion of the transactions under
this Agreement, (iii) seeking a determination or ruling that would reasonably be expected to have a material adverse effect on the
Depositor's ability to perform its obligations under, or the validity or enforceability of, this Agreement or (iv) that would reasonably
be expected to (A) affect the treatment of the Notes as indebtedness for U.S. federal income or Applicable Tax State income or franchise
tax purposes, (B) be deemed to cause a taxable exchange of the Notes for U.S. federal income tax purposes or (C) cause the Issuer
to be treated as an association or publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, in each
case, other than proceedings that would not reasonably be expected to have a material adverse effect on the Depositor, the performance
by the Depositor of its obligations under, or the validity and enforceability of, the Transaction Documents or the Notes or the tax treatment
of the Issuer or the Notes.

 

    3

     

    

 

(e)            Not
an Investment Company. The Depositor is not required to be registered as an "investment company" under the Investment Company
Act.

 

Section 3.2.     Depositor's
Representations and Warranties About Sold Property and Reference Pool.

 

(a)            Representations
and Warranties from Exchange Note Purchase Agreement. Ford Credit made representations and warranties about the Leases and Leased
Vehicles in the 2022-A Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement, and has consented to the sale by the
Depositor to the Issuer of the Depositor's rights to these representations and warranties. Under Section 2.1, the Depositor has sold
and assigned to the Issuer the Depositor's rights under the Exchange Note Purchase Agreement, including the right to require Ford Credit
to reallocate any Leases and Leased Vehicles if there is a breach of Ford Credit's representations and warranties. In addition, the Depositor
represents and warrants as of the Closing Date that the representations and warranties about the Leases and Leased Vehicles in the 2022-A
Reference Pool in Section 3.3 of the Exchange Note Purchase Agreement are true and correct. The Issuer is relying on Ford Credit's
representations and warranties in the Exchange Note Purchase Agreement and on the Depositor's representations and warranties in this Section 3.2(a) in
purchasing the 2022-A Exchange Note, which representations and warranties will survive the sale and assignment of the 2022-A Exchange
Note by the Depositor to the Issuer under this Agreement and the pledge of the 2022-A Exchange Note to the Indenture Trustee under the
Indenture.

 

(b)            Representations
and Warranties About Sold Property and Reference Pool. The Depositor makes the following representations and warranties about
the Sold Property and the 2022-A Reference Pool on which the Issuer is relying in purchasing the Sold Property. The
representations and warranties are made as of the Closing Date and will survive the sale and assignment of the Sold Property by the
Depositor to the Issuer under this Agreement and the pledge of the Sold Property by the Issuer to the Indenture Trustee under the
Indenture.

 

(i)             Enforceability
of Exchange Note. The 2022-A Exchange Note has been duly executed, issued, authenticated and delivered and is the valid and binding
obligation of the Borrowers entitled to the benefits of the Exchange Note Supplement and the Credit and Security Agreement.

 

(ii)            Valid
Sale. This Agreement evidences a valid sale and assignment of the Sold Property from the Depositor to the Issuer, enforceable against
creditors of and purchasers from the Depositor.

 

(iii)           Good
Title to Sold Property. Immediately before the sale and assignment under this Agreement, the Depositor has good and marketable title
to the Sold Property free and clear of any Lien other than Permitted Liens and, immediately after the sale and assignment under this Agreement,
the Issuer will have good and marketable title to the Sold Property, free and clear of any Lien other than Permitted Liens.

 

(iv)          Security
Interest in Sold Property.

 

		(A)	This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of
the Issuer, which is prior to any Lien, other than Permitted Liens, and is enforceable against all creditors of and purchasers from the
Depositor.

 

    4

     

    

 

		(B)	All filings (including UCC filings) necessary in any jurisdiction to give the Depositor a first priority, validly perfected ownership
and security interest in the Purchased Property, to give the Issuer a first priority, validly perfected ownership and security interest
in the Sold Property and to give the Indenture Trustee a first priority perfected security interest in the Collateral, will be made within
ten days after the Closing Date.

 

		(C)	All financing statements filed or to be filed against the Depositor in favor of the Issuer describing the Sold Property sold under
this Agreement will contain a statement to the following effect: "A purchase of or security interest in any collateral described
in this financing statement will violate the rights of the Secured Party/Assignee."

 

		(D)	The Depositor has not authorized the filing of and is not aware of any financing statements against the Depositor that include a description
of collateral covering any Sold Property other than the financing statements relating to the security interest Granted to the Depositor
under the Exchange Note Purchase Agreement, by the Depositor to the Issuer under this Agreement or by the Issuer to the Indenture Trustee
under the Indenture, or that has been terminated.

 

(v)            Good
Title to Reference Pool; Allocation to Specified Interest and Reference Pool. The applicable Titling Company has good title, or the
Servicer has started procedures that will result in good title, to the Leases and Leased Vehicles in the 2022-A Reference Pool, free and
clear of Liens other than Permitted Liens. The Leases and Leased Vehicles in the 2022-A Reference Pool have not been allocated to a Specified
Interest other than the Collateral Specified Interest or to a Reference Pool other than the 2022-A Reference Pool.

 

Section 3.3.     Depositor's
Reallocation of Leases and Leased Vehicles for Breach of Representations.

 

(a)            Investigation
of Breach. If a Responsible Person of the Depositor (i) has knowledge of a breach of a representation or warranty made in
Section 3.2(a), (ii) receives notice from the Issuer, the Owner Trustee or the Indenture Trustee of a breach of a
representation or warranty made in Section 3.2(a), (iii) receives a Reallocation Request for a Lease and Leased Vehicle or
(iv) receives a Review Report that indicates a Test Fail for a Lease and Leased Vehicle, then, in each case, the Depositor will
investigate to confirm the breach and determine if the breach has a material adverse effect on a Lease and Leased Vehicle. None of
the Servicer, the Issuer, the Owner Trustee, the Indenture Trustee or the Administrator will have an obligation to
investigate whether a breach of any representation or warranty has occurred or whether any Lease and Leased Vehicle is required to
be reallocated under this Section 3.3.

 

    5

     

    

 

(b)            Reallocation
of Leases and Leased Vehicles; Payment of Administrative Reallocation Amount. For a breach described in Section 3.3(a), the Depositor
may, and if the breach has a material adverse effect on a Lease and Leased Vehicle will, reallocate the Lease and Leased Vehicle to the
Revolving Facility Pool by paying the Administrative Reallocation Amount for each Lease and Leased Vehicle on the Business Day before
the Payment Date (or, with satisfaction of the Rating Agency Condition, on the Payment Date) related to the Collection Period in which
the Depositor has knowledge or receives notice of and confirms the breach or, at the Depositor's option, on or before the following Payment
Date, unless the breach is cured in all material respects before that Payment Date. If Ford Credit is the Servicer, the Depositor may
cause the Administrative Reallocation Amount to be paid according to Section 4.3(c) of the Servicing Supplement.

 

(c)            Reallocation
of Leases and Leased Vehicles. When the Depositor's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle
is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated
to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the
reallocation, the Sponsor will mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased
Vehicle in the 2022-A Reference Pool.

 

(d)            Reallocation
Sole Remedy. The sole remedy for a breach of a representation or warranty made by the Depositor in Section 3.2(a) is (i) to
require the Depositor to reallocate the Lease and Leased Vehicle or Leases and Leased Vehicles under this Section 3.3 or (ii) to
require the Depositor or the Indenture Trustee to enforce the obligation of Ford Credit to reallocate the Lease and Leased Vehicle under
Section 3.4 of the Exchange Note Purchase Agreement.

 

Section 3.4.     Dispute
Resolution.

 

(a)            Referral
to Dispute Resolution. If the Issuer, the Owner Trustee, the Indenture Trustee or a Noteholder (the "Requesting Party")
requests that the Depositor and/or the Sponsor reallocate a Lease and related Leased Vehicle due to an alleged breach of a representation
and warranty in Section 3.2(a) or in Section 3.4 of the Exchange Note Purchase Agreement (each, a "Reallocation
Request"), and the Reallocation Request has not been resolved within 180 days after the Depositor or the Sponsor receives the
Reallocation Request, the Requesting Party may refer the matter, in its discretion, to either mediation (including non-binding arbitration)
or binding third-party arbitration. However, if the Lease subject to a Reallocation Request was part of a Review and the Review Report
showed no Test Fails for the Lease, the Reallocation Request for the Lease and Leased Vehicle will be deemed to be resolved. The Requesting
Party must start the mediation or arbitration proceeding according to the ADR Rules of the ADR Organization within 90 days after
the end of the 180-day period. The Depositor and the Sponsor agree to participate in the dispute resolution method selected by the Requesting
Party.

 

(b)            Mediation.
If the Requesting Party selects mediation for dispute resolution:

 

(i)            The
mediation will be administered by the ADR Organization using its ADR Rules. However, if any ADR Rules are inconsistent with the procedures
for mediation stated in this Section 3.4, the procedures in this Section 3.4 will control.

 

    6

     

    

 

(ii)             A
single mediator will be selected by the ADR Organization from a list of neutrals maintained by it according to the ADR Rules. The mediator
must be impartial, an attorney admitted to practice in the State of New York and have at least 15 years of experience in commercial litigation
and, if possible, consumer finance or asset-backed securitization matters.

 

(iii)            The
mediation will start within 15 days after the selection of the mediator and conclude within 30 days after the start of the mediation.

 

(iv)            Expenses
of the mediation will be allocated to the parties as mutually agreed by them as part of the mediation.

 

(v)             If
the parties fail to agree at the completion of the mediation, the Requesting Party may refer the Reallocation Request to arbitration under
this Section 3.4.

 

(c)            Arbitration.
If the Requesting Party selects arbitration for dispute resolution:

 

(i)            The
arbitration will be administered by the ADR Organization using its ADR Rules. However, if any ADR Rules are inconsistent with the
procedures for arbitration stated in this Section 3.4, the procedures in this Section 3.4 will control.

 

(ii)            A
single arbitrator will be selected by the ADR Organization from a list of neutrals maintained by it according to the ADR Rules. The arbitrator
must be impartial, an attorney admitted to practice in the State of New York and have at least 15 years of experience in commercial litigation
and, if possible, consumer finance or asset-backed securitization matters. The arbitrator will be independent and impartial and will comply
with the Code of Ethics for Arbitrators in Commercial Disputes in effect at the time of the arbitration. Before accepting an appointment,
the arbitrator must promptly disclose any circumstances likely to create a reasonable inference of bias or conflict of interest or likely
to preclude completion of the proceedings within the stated time schedule. The arbitrator may be removed by the ADR Organization for cause
consisting of actual bias, conflict of interest or other serious potential for conflict.

 

(iii)            The
arbitrator will have the authority to schedule, hear and determine any motions, according to New York law, and will do so at the motion
of any party. Discovery will be completed within 30 days of selection of the arbitrator and will be limited for each party to two witness
depositions not to exceed five hours, two interrogatories, one document request and one request for admissions. However, the arbitrator
may grant additional discovery on a showing of good cause that the additional discovery is reasonable and necessary. Briefs will be limited
to no more than ten pages each, and will be limited to initial statements of the case, motions and a pre-hearing brief. The evidentiary
hearing on the merits will start no later than 60 days after selection of the arbitrator and will proceed for no more than six consecutive
Business Days with equal time allocated to each party for the presentation of evidence and cross examination. The arbitrator may allow
additional time for discovery and hearings on a showing of good cause or due to unavoidable delays.

 

(iv)            The
arbitrator will make its final determination no later than 90 days after its selection. The arbitrator will resolve the dispute according
to the terms of this Agreement and the other Transaction Documents, and may not modify or change this Agreement or the other Transaction
Documents in any way. The arbitrator will not have the power to award punitive damages or consequential damages in any arbitration conducted
by them. In its final determination, the arbitrator will determine and award the expenses of the arbitration (including filing fees, the
fees of the arbitrator, expense of any record or transcript of the arbitration and administrative fees) to the parties in its reasonable
discretion. The determination of the arbitrator will be in writing and counterpart copies will be promptly delivered to the parties. The
determination will be final and non-appealable, except for actions to confirm or vacate the determination permitted under federal or State
law, and may be entered and enforced in any court of competent jurisdiction.

 

    7

     

    

 

(v)            By
selecting arbitration, the Requesting Party is giving up the right to sue in court, including the right to a trial by jury.

 

(vi)           The
Requesting Party may not bring a putative or certificated class action to arbitration. If this waiver of class action rights is found
to be unenforceable for any reason, the Requesting Party agrees that it will bring its claims in a court of competent jurisdiction.

 

(d)            Additional
Conditions. For each mediation or arbitration:

 

(i)             Any
mediation or arbitration will be held in New York, New York at the offices of the mediator or arbitrator or at another location selected
by the Depositor or the Sponsor. Any party or witness may participate by teleconference or video conference.

 

(ii)            The
Depositor, the Sponsor and the Requesting Party will have the right to seek provisional relief from a competent court of law, including
a temporary restraining order, preliminary injunction or attachment order, if such relief is available by law.

 

(iii)            Neither
the Depositor nor the Sponsor will be required to produce personally identifiable customer information for purposes of any mediation
or arbitration. The existence and details of any unresolved Reallocation Request, any informal meetings, mediations or arbitration
proceedings , the nature and amount of any relief sought or granted, any offers or statements made and any discovery taken in the
proceeding, will be confidential, privileged and inadmissible for any purpose in any mediation, arbitration, litigation or other
proceeding. The parties will keep this information confidential and will not disclose or discuss it with any third party (other than
a party's attorneys, experts, accountants and other advisors, as reasonably required in connection with the mediation or
arbitration proceeding under this Section 3.4), except as required by law, regulatory requirement or court order. If a party to
a mediation or arbitration proceeding receives a subpoena or other request for information from a third party (other than a
governmental regulatory body) for confidential information of the other party to the mediation or arbitration proceeding, the
recipient will promptly notify the other party and will provide the other party with the opportunity to object to the production of
its confidential information.

 

    8

     

    

 

Section 3.5.     Issuer's
Representations and Warranties. The Issuer represents and warrants to the Depositor as of the Closing Date:

 

(a)            Organization
and Qualification. The Issuer is duly formed and validly existing as a statutory trust in good standing under the laws of the State
of Delaware. The Issuer is qualified as a foreign statutory trust in good standing and has obtained all necessary licenses and approvals
in all jurisdictions in which the ownership or lease of its properties or the conduct of its activities requires the qualification, license
or approval, unless the failure to obtain the qualifications, licenses or approvals would not reasonably be expected to have a material
adverse effect on the Issuer's ability to perform its obligations under this Agreement.

 

(b)            Power,
Authority and Enforceability. The Issuer has the power and authority to execute, deliver and perform its obligations under this Agreement.
The Issuer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid and binding obligation
of the Issuer and enforceable against the Issuer, except as may be limited by insolvency, bankruptcy, reorganization or other similar
laws relating to the enforcement of creditors' rights or by general equitable principles.

 

(c)            No
Conflicts and No Violation. The completion of the transactions under this Agreement and the performance of its obligations under this
Agreement will not (i) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement, guarantee
or similar document under which the Issuer is a debtor or guarantor, (ii) result in the creation or imposition of a Lien on the Issuer's
properties or assets under the terms of any indenture, mortgage, deed of trust, loan agreement, guarantee or similar document (other than
the Indenture), (iii) violate the Trust Agreement or (iv) violate a law or, to the Issuer's knowledge, an order, rule or
regulation of a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction
over the Issuer or its properties that applies to the Issuer, which, in each case, would reasonably be expected to have a material adverse
effect on the Issuer's ability to perform its obligations under this Agreement.

 

(d)            No
Proceedings. To the Issuer's knowledge, there are no proceedings or investigations pending or threatened in writing before a federal
or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Depositor or
its properties (i) asserting the invalidity this Agreement, (ii) seeking to prevent the completion of the transactions under
this Agreement, (iii) seeking a determination or ruling that would reasonably be expected to have a material adverse effect on the
Issuer's ability to perform its obligations under, or the validity or enforceability of, this Agreement or (iv) that would reasonably
be expected to (A) affect the treatment of the Notes as indebtedness for U.S. federal income or Applicable Tax State income or franchise
tax purposes, (B) be deemed to cause a taxable exchange of the Notes for U.S. federal income tax purposes or (C) cause the Issuer
to be treated as an association or publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, in each
case, other than proceedings that would not reasonably be expected to have a material adverse effect on the Issuer, the performance by
the Issuer of its obligations under, or the validity and enforceability of, the Transaction Documents or the Notes or the tax treatment
of the Issuer or the Notes.

 

    9

     

    

 

(e)            Not
an Investment Company. The Issuer is not required to be registered as an "investment company" under the Investment Company
Act.

 

ARTICLE IV

DEPOSITOR'S AGREEMENTS

 

Section 4.1.     Required
Reserve Amount. On the Closing Date, the Depositor will deposit, or cause to be deposited, the Required Reserve Amount in the Reserve
Account from the net proceeds of the sale of the Notes.

 

Section 4.2.     Financing
Statements.

 

(a)            Filing
of Financing Statements. The Depositor will file financing and continuation statements, and amendments to the statements, in the jurisdictions
and with the filing offices necessary to perfect the Issuer's interest in the Sold Property. The Depositor will promptly deliver to the
Issuer and the Indenture Trustee file-stamped copies of, or filing receipts for, any financing statement, continuation statement and amendment
to a previously filed financing statement.

 

(b)            Issuer
and Indenture Trustee Authorized to File Financing Statements. The Depositor authorizes the Issuer and the Indenture Trustee to file
financing and continuation statements, and amendments to the statements, in the jurisdictions and with the filing offices as the Issuer
or the Indenture Trustee may determine are necessary or advisable to perfect the Issuer's interest in the Sold Property. The financing
and continuation statements may describe the Sold Property as the Issuer or the Indenture Trustee may reasonably determine to perfect
the Issuer's interest in the Sold Property. The Issuer or the Indenture Trustee will promptly deliver to the Depositor file-stamped copies
of, or filing receipts for, any financing statement, continuation statement and amendment to a previously filed financing statement.

 

(c)            Relocation
of Depositor. The Depositor will notify the Owner Trustee and the Indenture Trustee at least ten days before a relocation of its chief
executive office or change in its corporate structure, form of organization or jurisdiction of organization if it could require the filing
of a new financing statement or amendment under Section 9-307 of the UCC. The Depositor will promptly file new financing statements
or amendments to all previously filed financing statements or amendments. The Depositor will maintain its chief executive office within
the United States and will maintain its jurisdiction of organization in only one State.

 

(d)            Change
of Depositor's Name. The Depositor will notify the Owner Trustee and the Indenture Trustee at least ten days before any change in
the Depositor's name that could make a financing statement filed under this Section 4.2 seriously misleading under Section 9-506
of the UCC. The Depositor will promptly file amendments to all previously filed financing statements.

 

Section 4.3.     No
Sale or Lien by Depositor. Except for the sale and assignment under this Agreement, the Depositor will not sell or assign any Sold
Property to another Person, or Grant or allow a Lien on an interest in any Sold Property. The Depositor will defend the Issuer's interest
in the Sold Property against claims of third parties claiming through the Depositor.

 

    10

     

    

 

Section 4.4.     Expenses.
The Depositor will pay the expenses to perform its obligations under this Agreement and the Issuer and the Indenture Trustee's reasonable
expenses to perfect the Issuer's interest in the Sold Property and to enforce the Depositor's obligations under this Agreement.

 

ARTICLE V

OTHER AGREEMENTS

 

Section 5.1.     Obligations
Unaffected. Any invalidity, illegality or irregularity of a Lease or Leased Vehicle in the 2022-A Reference Pool will not affect
the Depositor's obligations under this Agreement.

 

Section 5.2.     No
Petition. Each party agrees that, before the date that is one year and one day (or, if longer, any applicable preference period)
after the payment in full of (a) all Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities
issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against,
or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor
or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings
under any bankruptcy or similar law. This Section 5.2 will survive the termination of this Agreement.

 

Section 5.3.     Limited
Recourse. Each party agrees that any claim that it may seek to enforce against the other party under this Agreement is limited to
the Sold Property only and is not a claim against the other party's assets as a whole or against assets other than the Sold Property.
This Section 5.3 will survive the termination of this Agreement.

 

Section 5.4.     Obligations
Under Exchange Note.

 

(a)            Borrowers' Obligations.
The Borrowers' obligations under the 2022-A Exchange Note and the other Sold Property are solely the Borrowers' obligations and are
not the Depositor's obligation or an interest in any of the Depositor's assets. The Issuer acknowledges and agrees that it has no
right, title or interest in any assets of the Depositor for the payment of amounts due or for the performance of obligations
under the 2022-A Exchange Note or the other Sold Property.

  

(b)            Subordination
of Claims. The Issuer acknowledges Section 9.4 of the Credit and Security Agreement regarding the subordination of claims against
the Borrowers and agrees to be bound by it as an Exchange Noteholder.

 

Section 5.5.     Limitation
of Liability of Owner Trustee. This Agreement has been signed on behalf of the Issuer by The Bank of New York Mellon not in its individual
capacity but solely in its capacity as Owner Trustee of the Issuer. In no event will The Bank of New York Mellon in its individual capacity
or a beneficial owner of the Issuer be liable for the representations, warranties, covenants, agreements or other obligations of the
Issuer under this Agreement. For all purposes under this Agreement, the Owner Trustee is subject to, and entitled to the benefits of,
the Trust Agreement.

 

Section 5.6.     Issuer
Obligation. No recourse may be taken, directly or indirectly, for the obligations of the Issuer or the Owner Trustee under this Agreement
or a document delivered under this Agreement, against (a) the Owner Trustee in its individual capacity, (b) any holder of a
beneficial interest in the Issuer, (c) any partner, owner, beneficiary, officer, director, employee or agent of the Owner Trustee,
in its individual capacity or (d) any holder of a beneficial interest in the Owner Trustee, in its individual capacity, except as
that Person may have expressly agreed.

 

    11

     

    

 

Section 5.7.     Termination.
This Agreement will terminate on the payment in full or cancellation of the 2022-A Exchange Note.

 

ARTICLE VI

MISCELLANEOUS

 

Section 6.1.     Amendments.

 

(a)            Amendments.
The parties may amend this Agreement:

 

(i)            to
clarify an ambiguity, correct an error or correct or supplement any term of this Agreement that may be defective or inconsistent with
the other terms of this Agreement or any prospectus or offering memorandum related to the Notes, in each case without the consent of the
Noteholders or any other Person;

 

(ii)            to
add, change or eliminate terms of this Agreement, in each case, without the consent of the Noteholders or any other Person, if the Depositor
delivers an Officer's Certificate to the Issuer, the Owner Trustee and the Indenture Trustee stating that the amendment will not have
a material adverse effect on the Noteholders; or

 

(iii)           to
add, change or eliminate terms of this Agreement for which an Officer's Certificate is not or cannot be delivered under Section 6.1(a)(ii),
with the consent of the Noteholders of a majority of the Note Balance of each Class of Notes Outstanding (with each affected Class voting
separately, except that all Noteholders of Class A Notes will vote together as a single class).

 

(b)            Notice
of Amendments. The Depositor or the Issuer will notify the Rating Agencies in advance of any amendment. Promptly after the execution
of an amendment, the Depositor will deliver a copy of the amendment to the Indenture Trustee and the Rating Agencies.

 

Section 6.2.     Benefit
of Agreement; Third-Party Beneficiaries. This Agreement is for the benefit of and will be binding on the parties and their permitted
successors and assigns. The Indenture Trustee, for the benefit of the Secured Parties, will be a third-party beneficiary of this Agreement
and may enforce this Agreement against the Depositor. No other Person will have any right or obligation under this Agreement.

 

Section 6.3.     Notices.

 

(a)            Notices
to Parties. All notices, requests, directions, consents, waivers or other communications to or from the parties must be in writing
and will be considered received by the recipient:

 

(i)            for
overnight mail, on delivery or, for registered first class mail, postage prepaid, three days after deposit in the mail properly addressed
to the recipient;

 

    12

     

    

 

(ii)             for
a fax, when receipt is confirmed by telephone, reply email or reply fax from the recipient;

 

(iii)            for
an email, when receipt is confirmed by telephone or reply email from the recipient; and

 

(iv)            for
an electronic posting to a password-protected website to which the recipient has access, on delivery of an email (without the requirement
of confirmation of receipt) stating that the electronic posting has been made.

 

(b)            Notice
Addresses. A notice, request, direction, consent, waiver or other communication must be addressed to the recipient at its address
stated in Schedule A to the Indenture, which address the party may change by notifying the other party.

 

Section 6.4.     GOVERNING
LAW. THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF NEW YORK.

 

Section 6.5.     Submission
to Jurisdiction. Each party submits to the nonexclusive jurisdiction of the United States District Court for the Southern District
of New York and of any New York State Court sitting in New York, New York for legal proceedings relating to this Agreement. Each party
irrevocably waives, to the fullest extent permitted by law, any objection that it may now or in the future have to the venue of a proceeding
brought in such a court and any claim that the proceeding was brought in an inconvenient forum.

 

Section 6.6.     WAIVER
OF JURY TRIAL. EACH PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN LEGAL PROCEEDINGS
RELATING TO THIS AGREEMENT.

 

Section 6.7.     No
Waiver; Remedies. No party's failure or delay in exercising a power, right or remedy under this Agreement will operate as a waiver.
No single or partial exercise of a power, right or remedy will preclude any other or further exercise of the power, right or remedy or
the exercise of any other power, right or remedy. The powers, rights and remedies under this Agreement are in addition to any powers,
rights and remedies under law.

 

Section 6.8.     Severability.
If a part of this Agreement is held invalid, illegal or unenforceable, then it will be deemed severable from the remaining Agreement
and will not affect the validity, legality or enforceability of the remaining Agreement.

 

Section 6.9.     Headings.
The headings in this Agreement are included for convenience and will not affect the meaning or interpretation of this Agreement.

 

Section 6.10.   Counterparts.
This Agreement may be executed in multiple counterparts. Each counterpart will be an original and all counterparts will together be one
document.

 

[Remainder of Page Left Blank]

 

    13

     

    

 

EXECUTED BY:

 

	 	FORD CREDIT AUTO LEASE TWO LLC,

acting for its series of limited liability company interests designated as the "2022-A Series," as Depositor

 

	 	By:	 
	 	 	Name:	Ryan Hershberger
	 	 	Title:	President and Assistant Treasurer

 

	 	FORD CREDIT AUTO LEASE TRUST 2022-A,

as Issuer

 

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

 

	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

[Signature
Page to Exchange Note Sale Agreement]Exhibit 10.5

 

 

2022-A SERVICING SUPPLEMENT

 

to the

 

THIRD AMENDED AND RESTATED

SERVICING AGREEMENT

 

dated as of July 22, 2005,

as amended and restated as of September 1, 2019

 

among

 

FORD MOTOR CREDIT COMPANY LLC,

as Servicer for the Collateral Specified Interests

and the 2022-A Reference Pool and as Lender,

 

CAB EAST LLC and

CAB WEST LLC,

each acting for its series of limited liability company interests

designated as the "Collateral Specified Interest,"

as a Titling Company

 

and

 

HTD LEASING LLC,

as Collateral Agent

 

Dated as of April 1, 2022

 

 

     

     

    

 

TABLE OF CONTENTS

 

	ARTICLE I USAGE AND DEFINITIONS	1
	Section 1.1.	 	Usage and Definitions	1
	 	 	 
	ARTICLE II REFERENCE POOL	1
	Section 2.1.	 	Acknowledgment	1
	 	 	 
	ARTICLE III SERVICING OF LEASES AND
    LEASED VEHICLES	2
	Section 3.1.	 	Engagement	2
	Section 3.2.	 	Collection of Payments; Extensions and Amendments	2
	Section 3.3.	 	Servicer's Reallocation of Leases and Leased Vehicles	2
	Section 3.4.	 	Servicer Reports and Compliance Statements	3
	Section 3.5.	 	Notices Under Servicing Agreement	4
	Section 3.6.	 	Sarbanes-Oxley Certificates	5
	Section 3.7.	 	Securities and Exchange Commission Filings	5
	Section 3.8.	 	Review of Servicer's Records	5
	Section 3.9.	 	Servicer's Authorized and Responsible Persons	5
	Section 3.10.	 	Servicer's Fees	5
	Section 3.11.	 	Servicer's Expenses	6
	 	 	 
	ARTICLE IV ACCOUNTS, COLLECTIONS AND
    APPLICATION OF FUNDS	6
	Section 4.1.	 	Bank Accounts	6
	Section 4.2.	 	Investment of Funds in Bank Accounts	7
	Section 4.3.	 	Deposits and Payments	8
	Section 4.4.	 	Advances.	9
	Section 4.5.	 	Payment of Advances	10
	Section 4.6.	 	Reserve Account Draw Amount	10
	Section 4.7.	 	Direction to Indenture Trustee for Distributions	10
	 	 	 
	ARTICLE V SERVICER	10
	Section 5.1.	 	Servicer's Representations and Warranties	10
	Section 5.2.	 	Indemnities of Servicer	11
	Section 5.3.	 	Reference Pool Servicer Termination Events	11
	Section 5.4.	 	Servicer May Own Exchange Note and Notes	12
	 	 	 
	ARTICLE VI TERMINATION	12
	Section 6.1.	 	Clean-Up Call	12
	Section 6.2.	 	Termination of Servicing Supplement	12
	 	 	 
	ARTICLE VII OTHER AGREEMENTS	12
	Section 7.1.	 	No Petition	12
	Section 7.2.	 	Conflict with Servicing Agreement	13
	 	 	 
	ARTICLE VIII MISCELLANEOUS	13
	Section 8.1.	 	Amendments	13
	Section 8.2.	 	Benefit of Agreement; Third-Party Beneficiaries	13
	Section 8.3.	 	GOVERNING LAW	13
	Section 8.4.	 	Severability	13
	Section 8.5.	 	Headings	13
	Section 8.6.	 	Counterparts	13

 

	Exhibit A	 	Form of Monthly Investor Report	EA-1

 

     

     

    

 

2022-A SERVICING SUPPLEMENT,
dated as of April 1, 2022 (this "Supplement"), to the Third Amended and Restated Servicing Agreement, dated as
of July 22, 2005, as amended and restated as of September 1, 2019 (the "Servicing Agreement"), among FORD
MOTOR CREDIT COMPANY LLC, a Delaware limited liability company, as Servicer for the Collateral Specified Interests and the 2022-A Reference
Pool and as Lender under the Credit and Security Agreement, CAB EAST LLC, a Delaware limited liability company, and CAB WEST LLC, a Delaware
limited liability company, each acting for its series of limited liability company interests designated as the "Collateral Specified
Interest," as a Titling Company, and HTD Leasing LLC, as Collateral Agent.

 

BACKGROUND

 

The Borrowers and the Lender have determined to
issue the 2022-A Exchange Note and to designate the 2022-A Reference Pool under the Credit and Security Agreement and the Exchange Note
Supplement.

 

The parties have determined to enter into this
Supplement according to Section 2.3 of the Servicing Agreement to acknowledge the designation of the 2022-A Reference Pool and identify
the additional obligations required of the Servicer for the 2022-A Reference Pool and the 2022-A Exchange Note.

 

The parties agree as follows:

 

ARTICLE I

USAGE AND DEFINITIONS

 

Section 1.1.     Usage
and Definitions. Capitalized terms used but not defined in this Supplement are defined in Appendix 1 to the 2022-A Exchange Note
Supplement, dated as of April 1, 2022 (the "Exchange Note Supplement"), to the Fourth Amended and Restated Credit
and Security Agreement, dated as of July 22, 2005, as amended and restated as of June 4, 2021 (the "Credit and Security
Agreement"), among CAB East LLC and CAB West LLC, as Borrowers, U.S. Bank National Association, as Administrative Agent, the
Collateral Agent and Ford Credit, as Lender and Servicer, or in Appendix A to the Credit and Security Agreement. Appendix 1 and Appendix
A also contain usage rules that apply to this Supplement. Appendix 1 and Appendix A are incorporated by reference into this Supplement.

 

ARTICLE II

REFERENCE POOL

 

Section 2.1.     Acknowledgment.
The parties acknowledge that the Leases and Leased Vehicles listed in Schedule A to the Exchange Note Supplement have been allocated
to the Reference Pool designated as the "2022-A Reference Pool" under the Exchange Note Supplement. References in this
Supplement or in any other Transaction Document to "Leases" and "Leased Vehicles" will be to the Leases and Leased
Vehicles then allocated to the 2022-A Reference Pool, unless the context otherwise requires.

 

    

     

    

 

ARTICLE III

SERVICING OF LEASES AND LEASED VEHICLES

 

Section 3.1.     Engagement.
Each party agrees that the Servicer under the Servicing Agreement is also engaged as Servicer under this Supplement for the 2022-A Reference
Pool and the 2022-A Exchange Note and will act as agent of each Titling Company in the management and control of the Leases and Leased
Vehicles and for all other purposes in this Supplement and the Servicing Agreement, and Ford Credit accepts the engagement.

 

Section 3.2.     Collection
of Payments; Extensions and Amendments. The Servicer will use reasonable efforts to collect all payments due under each Lease in
the 2022-A Reference Pool. The Servicer may waive late payment charges or other fees that may be collected in the ordinary course of
servicing a Lease. The Servicer may grant extensions, refunds, rebates or adjustments on a Lease or amend a Lease according to the Servicing
Procedures. However, if the Servicer (a) grants a Payment Extension or Term Extension on a Lease in the 2022-A Reference Pool resulting
in the final payment date of the Lease being later than the Final Scheduled Payment Date of the most junior Class of Notes issued
by the Issuer or (b) modifies the amount of the Base Payment due on a Lease, it will reallocate the Lease and the related Leased
Vehicle to the Revolving Facility Pool under Section 3.3, unless it is required to take the action by law or court order.

 

Section 3.3.     Servicer's
Reallocation of Leases and Leased Vehicles.

 

(a)            Reallocation
for Servicer Modifications. If an extension or modification of a Lease and Leased Vehicle is made that requires them to be reallocated
under Section 3.2, the Servicer will reallocate the Lease and Leased Vehicle to the Revolving Facility Pool.

 

(b)            Reallocation
for Breach of Servicer's Obligations. If a Responsible Person of the Servicer has knowledge, or receives notice from the Collateral
Agent, the Depositor, the 2022-A Exchange Noteholder, the Owner Trustee or the Indenture Trustee, of a breach of the Servicer's obligations
in Section 3.3(e) or (f) of the Servicing Agreement that has a material adverse effect on a Lease or Leased Vehicle or
the rights of the Issuer or the Indenture Trustee in any Lease or Leased Vehicle, the Servicer will reallocate the Lease and Leased Vehicle
to the Revolving Facility Pool.

 

(c)            Reallocation
for System Limitation or Inability to Service. If the Servicer, in its sole discretion, determines that as a result of a receivables
systems error or receivables systems limitation or for any other reason the Servicer is unable to service a Lease according to the Servicing
Procedures and the terms of this Supplement and the Servicing Agreement, the Servicer may reallocate the Lease and Leased Vehicle to
the Revolving Facility Pool.

 

(d)            Reallocation
of Leases and Leased Vehicles; Payment of Administrative Reallocation Amount. For any reallocation of a Lease and Leased Vehicle
by the Servicer under this Section 3.3, the Servicer will reallocate the Lease and Leased Vehicle by paying the Administrative Reallocation
Amount on the Business Day before the Payment Date (or, with satisfaction of the Rating Agency Condition, on the Payment Date) related
to the Collection Period in which the Servicer made the extension or modification on the Lease, has knowledge or receives notice of the
breach or determines the need for reallocation or, at the Servicer's option, on or before the following Payment Date, unless the breach
is cured in all material respects before that Payment Date. If Ford Credit is the Servicer, it may pay any Administrative Reallocation
Amounts according to Section 4.3(c).

 

    2

     

    

 

(e)            Reallocation
of Leases and Leased Vehicles. When the Servicer's payment of the Administrative Reallocation Amount for a Lease and Leased Vehicle
is included in Exchange Note Available Funds for a Payment Date, the Lease and Leased Vehicle will be deemed to have been reallocated
to the Revolving Facility Pool, effective as of the last day of the Collection Period before the related Collection Period. After the
reallocation, the Servicer will mark its receivables systems to indicate that the lease and leased vehicle is no longer a Lease and Leased
Vehicle in the 2022-A Reference Pool.

 

(f)            No
Obligation to Investigate. None of the Servicer, the Collateral Agent, the Issuer, the Owner Trustee, the Indenture Trustee, the
Sponsor, the Depositor or the Administrator will be obligated to investigate whether a breach or other event has occurred that would
require the reallocation of any Lease and Leased Vehicle under this Section 3.3 or whether any Lease and Leased Vehicle is required
to be reallocated under this Section 3.3.

 

(g)            Reallocation
is Sole Remedy. The sole remedy of the Collateral Agent, the Depositor, the 2022-A Exchange Noteholder, the Owner Trustee, the Indenture
Trustee and the Secured Parties for the occurrence of a condition stated in Section 3.2 or a breach of a covenant made by the Servicer
in Section 3.3(e) or (f) of the Servicing Agreement is the Servicer's reallocation of the Lease and the Leased Vehicle
to the Revolving Facility Pool under this Section 3.3.

 

(h)            Reallocation
for Advance Payment Plan Lease Refunds. If the Servicer determines to refund any amounts that were paid by a Lessee under an Advance
Payment Plan Lease at the time it was originated, the Servicer may reallocate the Advance Payment Plan Lease and related Leased Vehicle
to the Revolving Facility Pool.

 

Section 3.4.     Servicer
Reports and Compliance Statements.

 

(a)            Monthly
Reports.

 

(i)            Investor
Report. At least two Business Days before each Payment Date, the Servicer will deliver to the Depositor, the Issuer, the Indenture
Trustee, the Note Paying Agent, the Administrator and the Rating Agencies a servicing report substantially in the form of Exhibit A
(the "Monthly Investor Report") for that Payment Date and the related Collection Period. A Responsible Person of the
Servicer will certify that the information in the Monthly Investor Report is accurate in all material respects. The Servicer will include
the disclosure required by Rule 4(c)(1)(ii) of Regulation RR in the first Monthly Investor Report.

 

(ii)           Asset-Level
Information. On or before the 15th day following each Payment Date, the Servicer will prepare a Form ABS-EE, including an asset
data file and asset-related document containing the asset-level information for each Lease and Leased Vehicle for the prior Collection
Period as required by Item 1A of Form 10-D.

 

    3

     

    

 

(iii)          Benchmark
Replacement; Benchmark Replacement Conforming Changes. Upon receipt of notice from the Issuer of the determination of a Benchmark
Replacement and/or the making of any Benchmark Replacement Conforming Changes, the Servicer will include in the Monthly Investor Report
any information regarding the Unadjusted Benchmark Replacement, the Benchmark Replacement Adjustment and any such Benchmark Replacement
Conforming Changes provided by the Issuer.

 

(b)            Annual
Statement of Compliance. The Servicer will deliver to the Depositor, the Issuer, the Indenture Trustee, the Administrator and the
Rating Agencies within 90 days after the end of each year, starting with the year after the Closing Date, an Officer's Certificate signed
by a Responsible Person of the Servicer, stating that (i) a review of the Servicer's activities during the prior year and of its
performance under this Supplement and the Servicing Agreement has been made under the Responsible Person's supervision and (ii) to
the Responsible Person's knowledge, based on the review, the Servicer has fulfilled in all material respects all of its obligations under
this Supplement and the Servicing Agreement throughout the prior year or, if there has been a failure to fulfill any obligation in any
material respect, stating each failure known to the Responsible Person and the nature and status of the failure. A copy of this Officer's
Certificate may be obtained by any Noteholder or Note Owner by request to the Indenture Trustee.

 

(c)            Report
on Assessment of Compliance with Servicing Criteria and Attestation. The Servicer will:

 

(i)            deliver
to the Depositor, the Issuer, the Indenture Trustee, the Administrator and the Rating Agencies, a report on its assessment of compliance
with the minimum servicing criteria during the prior year, including disclosure of any material instance of non-compliance identified
by the Servicer, as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB; and

 

(ii)            cause
a firm of registered public accountants to deliver an attestation report on the assessment of compliance with the minimum servicing criteria
that (A) satisfies the requirements of Rule 13a-18 or 15d-18 under the Exchange Act, as applicable, (B) complies
with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and (C) indicates that the firm
is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act.

 

These reports will be delivered within 90 days
after the end of each year, starting in the year after the Closing Date. A copy of these reports may be obtained by any Noteholder or
Note Owner by request to the Indenture Trustee.

 

(d)            Termination
of Reporting Obligation. The Servicer's obligation to deliver or cause the delivery of reports under this Section 3.4 will terminate
on payment in full of the Notes.

 

Section 3.5.     Notices
Under Servicing Agreement.

 

(a)            Notices
and Certificates Under Servicing Agreement. The Servicer will deliver each notice or certificate received by it or delivered by it
under the Servicing Agreement relating to this Supplement or the 2022-A Reference Pool to the Issuer, the Indenture Trustee and the Administrator
within five Business Days of receipt or delivery by the Servicer.

 

    4

     

    

 

(b)            Notice
of Merger or Consolidation. The Servicer will notify the Exchange Noteholder and the Rating Agencies of any merger, consolidation,
succession or assignment under Section 7.7 of the Servicing Agreement.

 

(c)            Notice
of Reference Pool Servicer Termination Event. The Servicer will notify the Depositor, the Issuer, the Indenture Trustee, the Administrator
and the Rating Agencies of any Reference Pool Servicer Termination Event for the 2022-A Reference Pool or any event that with the giving
of notice or lapse of time, or both, would become a Reference Pool Servicer Termination Event for the 2022-A Reference Pool, no later
than five Business Days after a Responsible Person of the Servicer has knowledge of the event.

 

Section 3.6.     Sarbanes-Oxley
Certificates. If directed by the Administrator, the Servicer will prepare, execute and deliver all certificates or other documents
required to be delivered by the Issuer under the Sarbanes-Oxley Act of 2002.

 

Section 3.7.     Securities
and Exchange Commission Filings. To the extent permitted by law, the Servicer is authorized to execute and, on the request of the
Issuer or the Administrator, will prepare, execute and file, on behalf of the Issuer, any Securities and Exchange Commission filings
required to be filed by the Issuer under Section 7.3 of the Indenture.

 

Section 3.8.     Review
of Servicer's Records. The Servicer will maintain records and documents relating to its performance under this Supplement and the
Servicing Agreement according to its customary business practices. On reasonable request not more than once during any year, the Servicer
will give the Issuer, the Depositor, the Administrator, the Owner Trustee and the Indenture Trustee (or their representatives) access
to the records and documents to conduct a review of the Servicer's performance under this Supplement and the Servicing Agreement. Any
access or review will be conducted at the Servicer's offices during its normal business hours at a time reasonably convenient to the
Servicer and in a manner that will minimize disruption to its business operations. Any access or review will be subject to the Servicer's
confidentiality and privacy policies.

 

Section 3.9.     Servicer's
Authorized and Responsible Persons. On or before the Closing Date, the Servicer will notify the Indenture Trustee and the Owner Trustee
of each Person who (a) is authorized to give instructions and directions to the Indenture Trustee and the Owner Trustee on behalf
of the Servicer and (b) is a Responsible Person for the Servicer. The Servicer may change such Persons by notifying the Indenture
Trustee and the Owner Trustee.

 

Section 3.10.     Servicer's
Fees.

 

(a)            Reference
Pool Servicing Fee. As compensation for performing its obligations under the Servicing Agreement and this Supplement relating to
the 2022-A Reference Pool, the Servicer will be paid the Reference Pool Servicing Fee.

 

(i)            The
 "Reference Pool Servicing Fee" will, for a Collection Period, be an amount equal to the sum of (A) the product
of: (1) one-twelfth of 1.00%; times (2) the Pool Balance as of the last day of the prior Collection Period (or the Cutoff
Date for the first Collection Period), plus (B) the portion of the Reference Pool Servicing Fee for the prior Collection
Period, if any, that was not paid on the related Payment Date.

 

    5

     

    

 

(ii)            The
Reference Pool Servicing Fee will be payable solely from, and the right of the Servicer to receive the Reference Pool Servicing Fee will
be limited in recourse to, the 2022-A Collections and other amounts applied to the payment of that fee under the Exchange Note Supplement.

 

(b)            Lease
Administration Amounts. As additional compensation for performing its obligations under the Servicing Agreement and this Supplement
and as reimbursement for costs and expenses incurred in performing its obligations, the Servicer will be entitled to retain for its own
account Lease Administration Amounts (or to withdraw and retain Lease Administration Amounts that nevertheless have been deposited in
the Exchange Note Collection Account). Lease Administration Amounts are the property of the Servicer.

 

(c)            Administration
Fee. As compensation for the performance of its obligations under the Servicing Agreement and this Supplement relating to the servicing
of the 2022-A Exchange Note, the Servicer will be entitled to the Administration Fee, payable according to the Exchange Note Supplement.

 

Section 3.11.     Servicer's
Expenses. If Ford Credit is the Servicer, it may retain for its own account 2022-A Collections to the extent of reimbursable amounts
under Section 3.8 of the Servicing Agreement for the 2022-A Reference Pool.

 

ARTICLE IV

ACCOUNTS, COLLECTIONS AND APPLICATION OF FUNDS

 

Section 4.1.     Bank
Accounts

 

(a)            Establishment
of Bank Accounts. On or before the Exchange Note Issuance Date, the Servicer will establish the following segregated trust accounts
at a Qualified Institution (initially the corporate trust department of U.S. Bank National Association), each in the name "U.S.
Bank Trust Company, National Association, as Indenture Trustee, as secured party for Ford Credit Auto Lease Trust 2022-A", to be
designated as follows:

 

(i)            "Exchange
Note Collection Account" with account number 225695000;

 

(ii)           "Collection
Account" with account number 225695001; and

 

(iii)          "Reserve
Account" with account number 225695002.

 

(b)            Control
of the Bank Accounts. Each of the Bank Accounts will be under the control of the Indenture Trustee so long as the Bank Accounts remain
subject to the Lien of the Indenture, except that the Servicer may make deposits to and direct the Indenture Trustee to make deposits
to or withdrawals from the Bank Accounts according to the Transaction Documents. The Servicer may direct the Indenture Trustee to withdraw
from the Exchange Note Collection Account and pay to the Servicer or as directed by the Servicer amounts that are not Exchange Note Available
Funds for a Collection Period or that were deposited in the Exchange Note Collection Account in error. After the Notes are paid in full
and the Bank Accounts are released from the Lien of the Indenture, the Exchange Note Collection Account will be under the control of
the Collateral Agent, the Collection Account will be under the control of the Servicer and the Reserve Account will be under the control
of the Depositor. Following the payment in full of the 2022-A Exchange Note, the Exchange Note Collection Account will be under the control
of the Borrowers.

 

    6

     

    

 

(c)            Benefit
of Accounts; Deposits and Withdrawals. The Bank Accounts and all cash, money, securities, investments, financial assets and other
property deposited in or credited to them will be maintained by the Indenture Trustee (i) until the payment in full of the Notes
and the release of the Bank Accounts from the Lien under the Indenture, as secured party for the benefit of the Secured Parties, (ii) then,
until the payment in full of the 2022-A Exchange Note, as agent of the Collateral Agent and (iii) then, as agent of the Borrowers.
All deposits to and withdrawals from the Bank Accounts will be made according to the Transaction Documents.

 

(d)            Maintenance
of Accounts. If an institution maintaining the Bank Accounts ceases to be a Qualified Institution, the Servicer will, with the Indenture
Trustee's assistance as necessary, move the Bank Accounts to a Qualified Institution within 30 days.

 

(e)            Compliance.
Each Bank Account will be subject to the Account Control Agreement or the Titling Company Account Control Agreement. The Servicer will
ensure that the Account Control Agreement and the Titling Company Account Control Agreement require the Qualified Institution maintaining
the Bank Accounts to comply with "entitlement orders" (as defined in Section 8-102 of the UCC) from the Indenture
Trustee without further consent of the Issuer, if the Notes are Outstanding, or the Borrowers, if the 2022-A Exchange Note is Outstanding,
and to act as a "securities intermediary" according to the UCC.

 

Section 4.2.     Investment
of Funds in Bank Accounts.

 

(a)            Permitted
Investments. If no Default, Event of Default or Exchange Note Default has occurred and is continuing, the Servicer may instruct the
Indenture Trustee to invest any funds in the Bank Accounts in Permitted Investments and, if investment instructions are received, the
Indenture Trustee will direct the Qualified Institution maintaining the Bank Accounts to invest the funds in the Bank Accounts in those
Permitted Investments. The investment instructions from the Servicer may be in the form of a standing instruction. If (i) the Servicer
fails to give investment instructions for any funds in a Bank Account to the Indenture Trustee by 11:00 a.m. New York time (or other
time as may be agreed by the Indenture Trustee) on the Business Day before a Payment Date or (ii) the Qualified Institution receives
notice from the Indenture Trustee that a Default, Event of Default or Exchange Note Default has occurred and is continuing for the Notes
or the 2022-A Exchange Note, the Qualified Institution will invest and reinvest funds in the Bank Accounts according to the last investment
instructions received, if any. If no prior investment instructions have been received or if the instructed investments are no longer
available or permitted, the Indenture Trustee will notify the Servicer and request new investment instructions, and the funds will remain
uninvested until new investment instructions are received. The Servicer may direct the Indenture Trustee to consent, vote, waive or take
any other action, or not to take any action, on any matters available to the holder of the Permitted Investments.

 

(b)            Maturity
of Investments. Any Permitted Investments of funds in the Bank Accounts (or any reinvestments of the Permitted Investments) for a
Collection Period must mature, if applicable, and be available no later than the Business Day before the related Payment Date. However,
funds in the Reserve Account may be invested in Permitted Investments that will not mature or be available before the related Payment
Date if the Rating Agency Condition has been satisfied for the investment. Any Permitted Investments with a maturity date will be held
to their maturity, except that such Permitted Investments may be sold or disposed of before their maturity (i) if they relate to
funds in the Reserve Account required to satisfy the Reserve Account Draw Amount on a Payment Date or (ii) in connection with the
sale or liquidation of the Leases and Leased Vehicles following an Exchange Note Default under Section 6.6(a) of the Credit
and Security Agreement.

 

    7

     

    

 

(c)            No
Liability for Investments. None of the Depositor, the Servicer, the Indenture Trustee or the Qualified Institution maintaining any
Bank Account will be liable for the selection of Permitted Investments or for investment losses incurred on Permitted Investments (other
than in the capacity as obligor, if applicable).

 

(d)            Continuation
of Liens in Investments. The Servicer will not direct the Indenture Trustee to make any investment of any funds or to sell any investment
held in the Bank Account unless the security interest Granted and perfected in the account in favor of the Indenture Trustee will continue
to be perfected in the investment or the proceeds of the sale without further action by any Person.

 

(e)            Investment
Earnings. The Servicer will receive investment earnings (net of losses and investment expenses) on funds in the Bank Accounts as
additional compensation for the servicing of the Leases and Leased Vehicles. The Servicer will direct the Indenture Trustee to withdraw
the investment earnings and distribute them to the Servicer on each Payment Date.

 

Section 4.3.     Deposits
and Payments.

 

(a)            Exchange
Note Issuance Date Deposit. On the Exchange Note Issuance Date, the Servicer will deposit in the Exchange Note Collection Account
an amount equal to the sum of (i) the Cutoff Date Payahead Amount and (ii) all Active Lease Proceeds, Terminating Lease Proceeds
and Closed Lease Proceeds (excluding Recoveries) received and applied on the Leases during the period from the Cutoff Date to two Business
Days before the Exchange Note Issuance Date.

 

(b)            Deposit
of Collections.

 

(i)            If
the Servicer's short term unsecured debt is not rated at least the Monthly Deposit Required Ratings or a Reference Pool Servicer Termination
Event for the 2022-A Reference Pool occurs, the Servicer will deposit in the Exchange Note Collection Account all Active Lease Proceeds,
Terminating Lease Proceeds and Closed Lease Proceeds (excluding Recoveries) received and applied on the Leases within two Business Days
after application.

 

(ii)            If
the Servicer is Ford Credit and Ford Credit's short term unsecured debt is rated at least "P-1" by Moody's and "A-1"
by Standard & Poor's (the "Monthly Deposit Required Ratings"), Ford Credit may deposit all Active Lease Proceeds,
Terminating Lease Proceeds and Closed Lease Proceeds (excluding Recoveries) received and applied on the Leases in the Exchange Note Collection
Account on the Business Day before each Payment Date or, with satisfaction of the Rating Agency Condition, on each Payment Date.

 

    8

     

    

 

(iii)            The
Servicer may deposit in the Exchange Note Collection Account all Administrative Reallocation Amounts, Active Lease Advances, Payment
Extension Fees and Recoveries received and applied in a Collection Period on the Business Day before the related Payment Date or, with
satisfaction of the Rating Agency Condition, on the related Payment Date.

 

(c)            Reconciliation
of Deposits. If Ford Credit is the Servicer and for any Payment Date, the sum of (i) 2022-A Collections for the Collection Period,
plus (ii) Administrative Reallocation Amounts for the Payment Date, exceeds the amounts deposited under Section 4.3(b) for
the Collection Period, Ford Credit will deposit an amount equal to the excess into the Collection Account on the Business Day before
the Payment Date or, with satisfaction of the Rating Agency Condition, on the Payment Date. If, for any Payment Date, the amounts deposited
under Section 4.3(b) for the Collection Period exceed the sum of (i) 2022-A Collections for the Collection Period, plus
(ii) Administrative Reallocation Amounts for the Payment Date, the Indenture Trustee will pay to Ford Credit an amount equal
to the excess within two Business Days of Ford Credit's direction, but no later than the Payment Date. If requested by the Indenture
Trustee, Ford Credit will provide reasonable supporting details for its calculation of the amounts to be deposited or paid under this
Section 4.3(c).

 

(d)            Net
Deposits. Ford Credit may make the deposits and payments required by Section 4.3(b) net of Reference Pool Servicing Fees
to be paid to Ford Credit for the Collection Period, Advance Reimbursement Amounts the Servicer is permitted to retain under Section 4.4(b) and
amounts the Servicer is permitted to retain or be reimbursed for under Section 3.10. The Servicer will account for all deposits
and payments in the Monthly Investor Report as if the amounts were deposited and/or paid separately.

 

(e)            No
Segregation. Pending deposit in the Exchange Note Collection Account, the Servicer is not required to segregate 2022-A Collections
or Payaheads from its own funds.

 

Section 4.4.     Advances.

 

(a)            Advances
by Servicer. The Servicer may, at its option, make an advance for each Active Lease other than an Advance Payment Plan Lease and
each Collection Period if the Base Payment exceeds the sum of (i) Active Lease Proceeds (which may be positive or negative) plus
(ii) the Payahead Draw, by depositing the amount of the excess (equal to the Active Lease Advance) in the Exchange Note Collection
Account on the Business Day before the related Payment Date or, with satisfaction of the Rating Agency Condition, on that Payment Date.
However, the Servicer will only make Active Lease Advances on a Lease if the Servicer, in its sole discretion, determines that the advances
will be recoverable from subsequent 2022-A Collections (whether relating to the Lease and Leased Vehicle or another Lease or Leased Vehicle)
under Section 4.3(b).

 

(b)            Reimbursement
for Outstanding Advances. During each Collection Period, the Servicer will be reimbursed for any outstanding Advance Balance on a
Lease for the prior Collection Period (or, for the first Collection Period, as of the Cutoff Date) by retaining the following amounts
(the "Advance Reimbursement Amount") in the following order of priority:

 

    9

     

    

 

(i)            first,
if the Lease is an Active Lease in the Collection Period, an amount equal to the lesser of (A) the sum of (1) Active Lease
Proceeds, plus (2) the Administrative Reallocation Amount, if any, minus (3) the Base Payment, in each case for the Lease and
the Collection Period and (B) the Advance Balance;

 

(ii)           second,
if the Lease is a Terminating Lease or a Closed Lease in the Collection Period, an amount equal to the lesser of (A) the sum of
(1) the Terminating Lease Proceeds, plus (2) the Closed Lease Proceeds, plus (3) the Administrative Reallocation Amount,
if any, in each case for the Lease and the Collection Period and (B) the Advance Balance; and

 

(iii)          third,
on and after the Collection Period that includes the Closed Date for the Lease, an amount equal to the lesser of (A) the sum of
Active Lease Proceeds, Terminating Lease Proceeds, Closed Lease Proceeds and Administrative Reallocation Amounts (in each case not relating
to the Lease) for the Collection Period and (B) the excess, if any, of (1) the Advance Balance over (2) the amount
retained by the Servicer under Section 4.3(b)(ii) for the current Collection Period.

 

(c)            Direction
for Reimbursement. The Servicer may direct the Indenture Trustee, if the Notes are Outstanding, and then, the Collateral Agent, to
withdraw from the Exchange Note Collection Account and pay to the Servicer any amounts the Servicer is entitled to retain under this
Section 4.4(c) if those amounts have been deposited in the Exchange Note Collection Account.

 

Section 4.5.     Payment
of Advances. If a successor Servicer is appointed under the Servicing Agreement, the predecessor Servicer will be entitled to be
reimbursed for the Advance Balances outstanding on the date of resignation or termination of the predecessor Servicer. Advance Reimbursement
Amount for a Lease will be applied (a) first, to the Advance Balances outstanding on the date of resignation or termination
of the predecessor Servicer and (b) second, to any remaining Advance Balances.

 

Section 4.6.     Reserve
Account Draw Amount. At least two Business Days before each Payment Date, the Servicer will calculate the Reserve Account Draw Amount
for the Payment Date and will direct the Indenture Trustee to withdraw the amount, if any, from the Reserve Account and deposit it in
the Exchange Note Collection Account.

 

Section 4.7.     Direction
to Indenture Trustee for Distributions. At least two Business Days before a Payment Date, the Servicer will direct the Indenture
Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to
be made on the Payment Date under Section 5.1 of the Exchange Note Supplement, Section 8.2 of the Indenture and Section 4.3(c) of
this Agreement.

 

ARTICLE V

SERVICER

 

Section 5.1.     Servicer's
Representations and Warranties. The Servicer has made the representations and warranties in Section 6.1 of the Servicing Agreement,
which representations and warranties (i) the Lender, the Titling Companies and the Collateral Agent have relied on, and the Depositor
and the Issuer will rely on in acquiring the 2022-A Exchange Note, and (ii) are remade as of the Exchange Note Issuance Date and
will survive the sale and assignment of the 2022-A Exchange Note by Ford Credit to the Depositor under the Exchange Note Purchase Agreement
and by the Depositor to the Issuer under the Exchange Note Sale Agreement and the pledge of the 2022-A Exchange Note by the Issuer to
the Indenture Trustee under the Indenture.

 

    10

     

    

 

Section 5.2.     Indemnities
of Servicer.

 

(a)            Indemnification
under Servicing Agreement. In addition to the Indemnified Persons listed in Section 6.3(a) of the Servicing Agreement,
the Servicer will also indemnify the Issuer, the Owner Trustee and the Indenture Trustee as "Indemnified Persons" under that
Section.

 

(b)            Indemnification
for Servicing. The Servicer will indemnify each Titling Company, each Holding Company, the Administrative Agent, the Collateral Agent,
the Lender, the Issuer, the Owner Trustee, the Indenture Trustee, the 2022-A Exchange Noteholder and their officers, directors, employees
and agents (each, an "Indemnified Person") for all fees, expenses, losses, damages and liabilities resulting from the
Servicer's (including in its capacity as Custodian) willful misconduct, bad faith or negligence in performing its obligations under the
Transaction Documents (including the fees and expenses of defending themselves against any loss, damage or liability and any fees and
expenses incurred in connection with any proceedings brought by the Indemnified Person to enforce the Servicer's indemnification obligations).

 

(c)            Proceedings.
If an Indemnified Person receives notice of a proceeding against it, the Indemnified Person will, if a claim will be made against the
Servicer under this Section 5.2, promptly notify the Servicer of the proceeding. The Servicer may participate in and assume the
defense and settlement of a proceeding at its expense. If the Servicer notifies the Indemnified Person of its intention to assume the
defense of the proceeding with counsel reasonably satisfactory to the Indemnified Person, and so long as the Servicer assumes the defense
of the proceeding in a manner reasonably satisfactory to the Indemnified Person, the Servicer will not be liable for fees and expenses
of counsel to the Indemnified Person unless there is a conflict between the interests of the Servicer and the Indemnified Person. If
there is a conflict, the Servicer will pay the reasonable fees and expenses of separate counsel to the Indemnified Person. No settlement
of a proceeding may be made without the approval of the Servicer and the Indemnified Person, which approval will not be unreasonably
withheld.

 

(d)            Survival
of Obligations. The Servicer's obligations under this Section 5.2, for the period it was the Servicer, will survive the Servicer's
resignation or termination, the termination of this Supplement, the resignation or removal of the Owner Trustee or the Indenture Trustee
and the termination of the Issuer.

 

(e)            Repayment.
If the Servicer makes a payment to an Indemnified Person under this Section 5.2 and the Indemnified Person later collects from others
any amounts for which the payment was made, the Indemnified Person will promptly repay those amounts to the Servicer.

 

Section 5.3.     Reference
Pool Servicer Termination Events. The Reference Pool Servicer Termination Events applicable to the 2022-A Reference Pool are as stated
in Section 7.3(a) of the Servicing Agreement. There are no additional Reference Pool Servicer Termination Events for the 2022-A
Reference Pool.

 

    11

     

    

 

Section 5.4.     Servicer
May Own Exchange Note and Notes. The Servicer and any Affiliate of the Servicer may, in its individual or other capacity, become
the owner or pledgee of the 2022-A Exchange Note and the Notes with the same rights as it would have if it were not the Servicer or an
Affiliate of the Servicer, except as otherwise stated in any Transaction Document.

 

ARTICLE VI

TERMINATION

 

Section 6.1.     Clean-Up
Call.

 

(a)            Servicer
Option. If the aggregate Note Balance on any Payment Date (after giving effect to any principal payments to be made on the Notes
on such Payment Date) is equal to or less than 5% of the initial aggregate Note Balance, the Servicer will have the option to purchase
the 2022-A Exchange Note in whole but not in part on such Payment Date. The Servicer may exercise its option to purchase the 2022-A Exchange
Note by (i) notifying the Collateral Agent, the Borrowers, the Owner Trustee, the Administrative Agent, the Indenture Trustee and
the Rating Agencies at least ten days before the related Payment Date (which Payment Date will be the Exchange Note Purchase Date) and
(ii) depositing in the Exchange Note Collection Account an amount equal to the Exchange Note Purchase Price on the Business Day
before the Exchange Note Purchase Date (or, with satisfaction of the Rating Agency Condition, on the Exchange Note Purchase Date). However,
the Servicer may not exercise its option to purchase the 2022-A Exchange Note unless the sum of (i) the Exchange Note Purchase Price
and (ii) the amount in the Exchange Note Collection Account for the related Collection Period, is greater than or equal to the sum
of (A) the Note Redemption Price for the Notes and (B) all other amounts payable by the Issuer under the Transaction Documents.

 

(b)            Cancellation
and Reallocation. If the Servicer and the Lender under the Credit and Security Agreement are the same entity, on purchase of the
2022-A Exchange Note by the Servicer under Section 6.1(a), the Servicer may, on notice to the Borrowers, the Lender, the Collateral
Agent and the Administrative Agent, direct that the 2022-A Exchange Note be cancelled by the Lender and the Leases and related Leased
Vehicles be reallocated to the Revolving Facility Pool by the Collateral Agent.

 

Section 6.2.     Termination
of Servicing Supplement. This Supplement will terminate when the Servicing Agreement terminates, and may also be terminated by the
Servicer or the Titling Companies at any time after the payment in full or cancellation of the 2022-A Exchange Note.

 

ARTICLE VII

OTHER AGREEMENTS

 

Section 7.1.     No
Petition. Each party agrees that, before the date that is one year and one day (or, if longer, any applicable preference period)
after the payment in full of (a) all Secured Obligations, including all Exchange Notes, and any other Securities, (b) all securities
issued by the Depositor or by a trust for which the Depositor was a depositor or (c) the Notes, it will not start or pursue against,
or join any other Person in starting or pursuing against, (i) either Titling Company or either Holding Company, (ii) the Depositor
or (iii) the Issuer, respectively, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings
under any bankruptcy or similar law. This Section 7.1 will survive the termination of this Supplement.

 

    12

     

    

 

Section 7.2.     Conflict
with Servicing Agreement. If there is a conflict between this Supplement and the Servicing Agreement, this Supplement will govern
for the 2022-A Reference Pool only.

 

ARTICLE VIII

MISCELLANEOUS

 

Section 8.1.     Amendments.
This Supplement may be amended according to Section 9.1 of the Servicing Agreement (including to clarify an ambiguity, correct an
error or correct or supplement any term of this Supplement that may be defective or inconsistent with the terms of any prospectus or
offering memorandum related to the Notes). Promptly on the execution of an amendment to this Supplement or the Servicing Agreement, (a) the
Servicer will deliver a copy of the amendment to the Issuer, the Indenture Trustee, the Administrator and the Rating Agencies and (b) the
Indenture Trustee will notify each Noteholder of the substance of the amendment.

 

Section 8.2.     Benefit
of Agreement; Third-Party Beneficiaries. The Servicing Agreement and this Supplement are for the benefit of and will be binding on
the parties and their permitted successors and assigns. The 2022-A Exchange Noteholder, the Owner Trustee and the Indenture Trustee for
the benefit of the Secured Parties will be third-party beneficiaries of this Supplement and may enforce this Supplement against the Servicer.
No other Person will have any right or obligation under this Supplement.

 

Section 8.3.     GOVERNING
LAW. THIS SUPPLEMENT WILL BE GOVERNED BY AND CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF NEW YORK.

 

Section 8.4.     Severability.
If a part of this Supplement is held invalid, illegal or unenforceable, then it will be deemed severable from the remaining Supplement
and will in no way affect the validity, legality or enforceability of the remaining Supplement.

 

Section 8.5.     Headings.
The headings in this Supplement are included for convenience and will not affect the meaning or interpretation of this Supplement.

 

Section 8.6.     Counterparts.
This Supplement may be executed in multiple counterparts. Each counterpart will be an original and the counterparts will together be
one document.

 

[Remainder of Page Left Blank]

 

    13

     

    

 

EXECUTED BY:

 

	 	FORD MOTOR CREDIT COMPANY LLC,

  as Servicer for the Collateral Specified Interests and the 2022-A Reference Pool and as Lender

 

	 	By:	 

	 	 	Name:	Ryan Hershberger

	 	 	Title:	Assistant Treasurer

 

	 	CAB EAST LLC,

  acting for its series of limited liability company interests designated as the "Collateral Specified Interest," as a Titling
  Company

 

	 	By:	 

	 	 	Name:	Ryan Hershberger

	 	 	Title:	President and Assistant Treasurer

 

	 	CAB WEST LLC,

  acting for its series of limited liability company interests designated as the "Collateral Specified Interest," as a Titling
  Company

 

	 	By:	 

	 	 	Name:	Ryan Hershberger

	 	 	Title:	President and Assistant Treasurer

 

	 	HTD LEASING LLC,

  as Collateral Agent

 

	 	By:	 

	 	 	Name:	 

	 	 	Title:	 

 

[Signature Page to Servicing Supplement]

 

     

     

    

 

 

 

Exhibit A

 

Form of Monthly Investor Report

 

Ford Credit Auto Lease Trust 2022-A

Monthly Investor Report

 

Payment Date

Collection Period

Transaction Month

 

Additional information about the structure, cashflows, defined terms
and parties for this transaction can be found in the prospectus, available on the SEC website (http://www.sec.gov) under the registration
number 333-231819 and at https://www.ford.com/finance/investor-center/asset-backed-securitization.

 

I. SUMMARY

 

	 	 	Initial Balance	 	 	Beginning of
 Period Balance	 	 	End of Period 
 Balance	 	 	End of Period
 Factor	 
	2022-A Reference Pool Balance	 	 		 	 	 		 	 	 		 	 	 		 
	Total Note Balance	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Overcollateralization	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2022-A Exchange Note Balance	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2022-A Exchange Note Overcollateralization	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	Overcollateralization	 	Beginning of 

    Period	 	 	End of Period	 
	2022-A Reference Pool Balance as a % of Total Note Balance	 	 		 	 	 		 
	2022-A Reference Pool Balance as a % of 2022-A Exchange Note Balance	 	 	 	 	 	 	 	 

  

	 	 	Note
    Interest Rate	 	 	Initial
    Balance	 	 	Beginning
    of 
 Period Balance	 	 	End
    of Period
 Balance	 	 	End
    of Period
 Factor	 
	Class A-1
    Notes	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 
	Class A-2a
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-2b
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-3
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-4
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class B
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class C
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class D
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	 	 	Principal
    Payments	 	 	Interest
    Payments	 	 	Total
    Payments	 
	 	 	Actual	 	 	per 
    $1000 Face	 	 	Actual	 	 	per
    $1000 Face	 	 	Actual	 	 	per
    $1000 Face	 
	Class A-1
    Notes	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 
	Class A-2a
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		 	 	 		 
	Class A-2b
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-3
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-4
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class B
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class C
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class D
    Notes	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    EA-1

     

    

 

II. POOL INFORMATION

 

	 	 	Lease Balance	 	 	Securitization Value	 	 	Residual Portion
    of 

    Securitization Value	 
	2022-A Reference Pool	 	 		 	 	 		 	 	 	 	 
	Beginning of Period	 	 	 	 	 	 	 	 	 	 	 	 
	Change	 	 	 	 	 	 	 	 	 	 	 	 
	End of Period	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Residual Portion of Securitization Value as % of Securitization Value at end of period

 

	 	 	At Cutoff Date	 	 	Terminations in
 Prior Periods	 	 	Beginning of
 Period	 	 	Terminations in
 Current Period	 	 	End of Period	 
	Number of Leases	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Weighted Average Remaining Term to Maturity in Months	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Beginning
                                            of 
 Period	 	 	 	End
                                            of Period	 

 

	Delinquent
    Leases	 	Number of Leases	 	 	Securitization Value	 	 	% of End of Period

    Reference Pool

    Balance	 
	31 – 60 Days Delinquent	 	 	 	 	 	 	 	 	 	 	 	 
	61 – 90 Days Delinquent	 	 	 	 	 	 	 	 	 	 	 	 
	91 –120 Days Delinquent	 	 	 	 	 	 	 	 	 	 	 	 
	Over 120 Days Delinquent	 	 	 	 	 	 	 	 	 	 	 	 
	Total Delinquent Leases	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 		 
	Delinquency Trigger (61+ Delinquent Leases):	 	 	 	 	 	 	 	 	 	 	 	 
	Transaction Month	 	 	Trigger	 	 	 	 	 	 	 	 	 
	1 – 12:	 	 	0.30	%	 	 	 	 	 	 	 	 
	13+:	 	 	0.40	%	 	 	 	 	 	 	 	 
	61+ Delinquent Leases Balance to EOP Reference Pool Balance:	 	 	 		 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Delinquency Trigger Occurred:	 	 	[Y/N]	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Payment Extensions Granted in the Current Collection Period	 	 	Number
                                            of Leases	 	 	 	Securitization
                                            Value	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	1 Month Extensions	 	 	 	 	 	 	 	 	 	 	 	 
	2 Month Extensions	 	 	 	 	 	 	 	 	 	 	 	 
	3 Month Extensions	 	 	 	 	 	 	 	 	 	 	 	 
	Total Extensions	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	Prepayment Speed	 	 	Current
                                            Period	 	 	 	Cumulative	 	 	 	 	 

  

III. EXCHANGE NOTE COLLECTIONS AND DISTRIBUTIONS

 

	Collections
	Base Monthly Payments (Rent)
	plus:  Payoffs
	plus:  Other (including extension fees, excess charges, etc.)
	minus:  Payaheads
	plus:  Payahead Draws
	plus:  Advances
	minus:  Advance Reimbursement Amounts
	plus: Administrative Reallocation Amounts
	plus:   Net Sale Proceeds
	plus:  Recoveries
	Total Collections
	Reserve Account Draw Amount
	Total Collections Plus 
 Reserve Account
    Draw Amounts

 

    EA-2

     

    

 

Exchange Note Distributions

  

	 	 	Amount Due	 	 	Amount Paid	 	 	Remaining 

    Available Funds	 	 	Shortfall	 
	Ref Pool Servicing Fee and Adv Reimbursement	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2022-A Exchange Note Interest Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shortfall Payment (to cover Notes)	 	 		 	 	 		 	 	 		 	 	 		 
	Reserve Account Deposit	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2022-A Exchange Note Principal Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shared Amounts	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Excess Exchange Note Amounts	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

IV. AVAILABLE FUNDS AND DISTRIBUTIONS

 

	Available Funds	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2022-A Exchange Note Interest Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2022-A Exchange Note Principal Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Shortfall Payment (to cover Notes)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Excess Exchange Note Amounts	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	ABS Note Distributions	 	Amount Due	 	 	Amount Paid	 	 	Remaining 

    Available Funds	 	 	Shortfall	 
	Trustee Fees and Expenses	 	 		 	 	 		 	 	 		 	 	 		 
	Administration Fee	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-1 Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-2a Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-2b Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-3 Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class A-4 Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Class A Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	First Priority Principal Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class B Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Second Priority Principal Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class C Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Third Priority Principal Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Class D Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Specified Reserve Deposit	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Regular Principal Payment	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Additional Trustee Fee and Expenses	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Remaining Funds to Holder of Residual Interest	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

V. RECONCILIATION OF ADVANCES AND PAYAHEADS

 

	Advances	 	 	 	 
	Beginning of Period Advance Balance	 	 		 
	plus: Additional Advances	 	 	 	 
	minus: Advance of Reimbursement Amounts	 	 	 	 
	End of Period Advance Balance	 	 	 	 
	 	 	 	 	 
	Payaheads	 	 	 	 
	Beginning of Period Payahead Balance	 	 	 	 
	plus: Additional Payaheads	 	 	 	 
	minus: Payahead Draws	 	 	 	 
	End of Period Payahead Balance	 	 	 	 

 

VI. RESERVE ACCOUNT

 

	Beginning of Period Reserve Account Balance	 	 	 	 
	minus: Reserve Account Draw	 	 		 
	plus:  Reserve Deposit from Exchange Note Distributions	 	 	 	 
	plus: Reserve Deposit from Note Distributions	 	 	 	 
	End of Period Reserve Account Balance	 	 	 	 
	 	 	 	 	 
	Memo:  Required Reserve Amount	 	 	 	 

 

    EA-3

     

    

 

VII. OVERCOLLATERALIZATION INFORMATION

 

	Targeted Overcollateralization Amount	 	 		 
	Actual Overcollateralization Amount (EOP Pool Balance – EOP Note Balance)	 	 	 	 

 

VIII. LEASE TERMINATIONS

 

	 	 	Number of Leases	 	 	Securitization Value	 
	 	 	Current Period	 	 	Cumulative	 	 	Current Period	 	 	Cumulative	 
	Retained Vehicles	 	 		 	 	 		 	 	 		 	 	 		 
	Early Terminations	 	 		 	 	 	 	 	 	 		 	 	 		 
	Standard Terminations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Retained	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Returned Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Early Terminations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Standard Terminations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Returned	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Charged Off /Repossessed Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Removals by Servicer and Other	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Terminations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

	Memo: 1)  Removals of Leases Terminated in Prior Periods	 	Current Period	 	 	Cumulative	 
	 2)  Number of Leases Scheduled to
    Terminate	 	 		 	 	 		 
	Return Rate (Returned/Total Terminations)	 	 	 	 	 	 	 	 
	Early Termination Rate (Early Terminations /Total Terminations)	 	 	 	 	 	 	 	 

	Note:  An Early Termination
    is a lease that terminates more than three months prior to the month in which it is scheduled to terminate.

 

IX. GAIN (LOSS) CALCULATIONS

 

	 	 	Number of Leases	 	 	Gain (Loss)	 
	 	 	Current Period	 	 	Cumulative	 	 	Current Period	 	 	Cumulative	 
	Gain (Loss) on Retained Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Customer Payments	 	 		 	 	 		 	 	 		 	 	 		 
	plus: Payahead draws	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	minus: Unreimbursed Advances	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	minus: Securitization Value of Retained Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Gain (Loss) Per Retained Vehicle	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Gain (Loss) on Returned Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Customer Payments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	plus: Net Sale Proceeds	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	plus: Payahead Draws	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	minus: Unreimbursed Advances	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	minus: Securitization Value of Returned Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Gain (Loss) Per Returned Vehicle	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Credit Gain (Loss) Charged Off / Repo Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Credit Gain (Loss) Per Charged Off / Repo Vehicle	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Recoveries
                                            
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Gain (Loss)- - Net of Recoveries	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Average
                                            Gain (Loss) on all Retained, Returned, and Repossessed Vehicles 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Removals by Servicer and Other	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Note: There is no Gain or Loss on Removals	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Memo: Residual Gain (Loss) on Returned Vehicles	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Net Sale Proceeds	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	plus: Excess Wear and Use and Excess Mileage Assessed	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	minus: Residual Portion of Securitization Value	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Residual Gain (Loss) Per Returned Vehicle	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

    EA-4

     

    

 

	 	 	Percent	 
	Prior and Current Collection Periods Average Gain
    (Loss):	 	 	 	 
	 	 	 	 	 
	Ratio of Total Gain (Loss) to the Average Pool Balance (annualized)	 	 		 
	Third Prior Collection Period	 	 	 	 
	Second Prior Collection Period	 	 	 	 
	Prior Collection Period	 	 	 	 
	Current Collection Period	 	 	 	 
	Four Month Average (Current and Prior Three Collection Periods)	 	 	 	 
	 	 	 	 	 
	Ratio of Cumulative Total Gain (Loss) for all Collection Periods
    to Initial Pool Balance	 	 	 	 

 

X. CREDIT RISK RETENTION INFORMATION

 

The fair value of the Notes and the Residual Interest on the Closing
Date is summarized below.

 

	 	 	Fair
    Value
 (Mils.)	 	 	Fair
    Value
 (%)	 
	Class A notes	 	$	 	 	 	 	 	%
	Class B notes	 	$	 	 	 	 	 	%
	Class C notes	 	$	 	 	 	 	 	%
	Class D notes	 	$	 	 	 	 	 	%
	Residual Interest	 	$	 	 	 	 	 	%
	Total	 	$	 	 	 	 	 	%

 

The Depositor must retain a Residual Interest with a fair value of
at least 5% of the aggregate value of the Notes and Residual Interest, or $[insert dollar amount equal to 5% of the aggregate value of
the Notes and Residual Interest], according to Regulation RR.

 

[Description of material differences, if any, in methodology or
key inputs and assumptions.]

 

XI. FLOATING RATE BENCHMARK: BENCHMARK TRANSITION

 

Benchmark Transition Event:

Benchmark Replacement Date:

Unadjusted Benchmark Replacement:

Benchmark Replacement Adjustment:

Benchmark Replacement Conforming Changes:

 

    EA-5

     

    

  

XII. REPURCHASE DEMAND ACTIVITY (RULE 15Ga-1)

 

(1)  Reallocation Activity

 

[No activity to report]

 

	Name
    of

    Issuing

    Entity	 	Check
                                            if

                                                                                                                                                                                                                                          Registered
	 	Name
    of

    Originator	 	Total
    Assets in ABS 

    by Originator	 	 	Assets
    That Were

    Subject of Demand	 	 	Assets
    That Were

    Reallocated or

    Replaced	 	 	Assets
    Pending

    Reallocation or

    Replacement

    (within cure period)	 	 	Demand
    in Dispute	 	 	Demand
    Withdrawn	 	 	Demand
    Rejected	 
	 	 	 	 	 	 	(#)	 	 	($)	 	 	(%
    of 

    pool

    balance)	 	 	(#)	 	 	($)	 	 	(%
    of

    pool

    balance)	 	 	(#)	 	 	($)	 	 	(%
    of 

    pool

    balance)	 	 	(#)	 	 	($)	 	 	(%
    of

    pool

    balance)	 	 	(#)	 	 	($)	 	 	(%
    of 

    pool

    balance)	 	 	(#)	 	 	($)	 	 	(%
    of

    pool

    balance)	 	 	(#)	 	 	($)	 	 	(%
    of

    pool

    balance)	 	 
	Retail
                                            Auto Leases:

                                                                                                            

                                                                                                           Ford
                                            Credit Auto Lease Trust 2022-A

                                                                                                            

                                                                                CIK#
	 	 	 	Ford
    Motor Credit Company LLC	 	 	 	 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 		 	 	 	 	 	 	 		 	 	 		 	 	 	 	 	 	 		 	 	 	 	 	 	 		 	 	 		 	 	 		 	 	 		 	 

 

(2)  Most Recent Form ABS-15G for repurchase demand activity

 

Filed by: Ford Motor Credit Company LLC

 

CIK#: 0000038009

 

Date: February __, 20__

 

    EA-6

     

    

 

SERVICER CERTIFICATION

 

This report is accurate in all material respects.

 

Ford Motor Credit Company LLC

 

	/s/	
	[Assistant Treasurer]	 

 

    EA-7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}]]