Document:

EX-10.2

 Exhibit 10.2 
 EXECUTION VERSION 
  

 
 NILT TRUST, 

as Grantor and UTI Beneficiary, 
 NISSAN MOTOR ACCEPTANCE CORPORATION, 
 as Servicer, 

NILT, INC., 
 as
Titling Trustee, 
 WILMINGTON TRUST COMPANY, 
 as Delaware Trustee, 
 and 

U.S. BANK NATIONAL ASSOCIATION, 
 as Trust Agent 
  

 
 2012-B SUBI

 SUPPLEMENT 
 Dated as of October 24, 2012 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE ELEVEN DEFINITIONS
	  	 	2	  
		
	 Section 11.01 Definitions
	  	 	2	  
	 Section 11.02 Interpretive Provisions
	  	 	2	  
	 Section 11.03 Rights in Respect of the 2012-B SUBI
	  	 	3	  
		
	 ARTICLE TWELVE CREATION OF THE 2012-B SUBI
	  	 	3	  
		
	 Section 12.01 Creation of 2012-B SUBI Assets and the 2012-B SUBI
	  	 	3	  
	 Section 12.02 Transfer of 2012-B SUBI Interests
	  	 	3	  
	 Section 12.03 Issuance and Form of 2012-B SUBI Certificate
	  	 	4	  
	 Section 12.04 Actions and Filings
	  	 	6	  
	 Section 12.05 Termination of the 2012-B SUBI
	  	 	6	  
	 Section 12.06 Representations and Warranties of Titling Trustee
	  	 	7	  
	 Section 12.07 Transfer and Assignment of Certificates
	  	 	7	  
		
	 ARTICLE THIRTEEN 2012-B SUBI PLEDGE
	  	 	7	  
		
	 Section 13.01 Registration of the 2012-B SUBI Pledge
	  	 	7	  
		
	 ARTICLE FOURTEEN 2012-B SUBI ACCOUNTS
	  	 	8	  
		
	 Section 14.01 2012-B SUBI Collection Account
	  	 	8	  
	 Section 14.02 2012-B Reserve Account
	  	 	8	  
	 Section 14.03 Investment of Monies in 2012-B SUBI Accounts
	  	 	8	  
	 Section 14.04 No Residual Value Surplus Account or Payahead Account
	  	 	8	  
		
	 ARTICLE FIFTEEN MISCELLANEOUS PROVISIONS
	  	 	9	  
		
	 Section 15.01 Amendment
	  	 	9	  
	 Section 15.02 Governing Law
	  	 	10	  
	 Section 15.03 Notices
	  	 	10	  
	 Section 15.04 Severability of Provisions
	  	 	11	  
	 Section 15.05 Effect of Supplement on Titling Trust Agreement
	  	 	11	  
	 Section 15.06 No Petition
	  	 	11	  
	 Section 15.07 No Recourse
	  	 	12	  

 EXHIBIT 
  

					
	 Exhibit A - Form of 2012-B SUBI Certificate
	  	 	A-1	  

  

			
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 2012-B SUBI SUPPLEMENT 

This 2012-B SUBI Supplement, dated as of October 24, 2012 (this “2012-B SUBI Supplement”), is among NILT Trust, a
Delaware statutory trust (“NILT Trust”), as grantor and initial beneficiary (in such capacity, the “Grantor” and the “UTI Beneficiary,” respectively), Nissan Motor Acceptance Corporation, a
California corporation (“NMAC”), as servicer, (the “Servicer”), NILT, Inc., a Delaware corporation, as trustee (the “Titling Trustee”), Wilmington Trust Company, a Delaware corporation with trust
powers, as Delaware trustee (the “Delaware Trustee”), and U.S. Bank National Association, a national banking association (“U.S. Bank”), as trust agent (the “Trust Agent”). 

RECITALS 
 A.
Pursuant to the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998 (the “Titling Trust Agreement”), among the parties hereto, Nissan-Infiniti LT, a Delaware statutory trust (the “Titling
Trust”), was formed to take assignments and conveyances of and hold in trust various assets (the “Trust Assets”); 
 B. The UTI Beneficiary, the Servicer and the Titling Trust have entered into the SUBI Servicing Agreement, dated as of March 1, 1999 as amended by the First Amendment to Servicing Agreement, dated as
of January 3, 2001 (the “Basic Servicing Agreement”), which provides for, among other things, the servicing of the Trust Assets by the Servicer; 
 C. Pursuant to the Titling Trust Agreement, from time to time the Titling Trustee, on behalf of the Titling Trust and at the direction of the UTI Beneficiary, will identify and allocate on the books and
records of the Titling Trust certain Trust Assets and create and issue one or more special units of beneficial interest (each, a “SUBI”), the beneficiaries of which generally will be entitled to the net cash flows arising from the
corresponding Trust Assets; 
 D. The parties hereto desire to supplement the Titling Trust Agreement (as so supplemented by
this 2012-B SUBI Supplement, the “SUBI Trust Agreement”) to create a SUBI (the “2012-B SUBI”); 
 E. The parties hereto desire to identify and allocate to the 2012-B SUBI a separate portfolio of Trust Assets consisting of leases (the “2012-B Leases”), the vehicles that are leased
under the 2012-B Leases (the “2012-B Vehicles”), and certain other related assets; 
 F. The parties hereto
also desire to issue to NILT Trust a certificate evidencing a 100% beneficial interest in the 2012-B SUBI (the “2012-B SUBI Certificate”). 
 G. NILT Trust will transfer the 2012-B SUBI Certificate to Nissan Auto Leasing LLC II (“NALL II”) pursuant to the SUBI Certificate Transfer Agreement, dated as of October 24, 2012
(the “SUBI Certificate Transfer Agreement”), between NILT Trust and NALL II. NALL II will further transfer the 2012-B SUBI Certificate to Nissan Auto Lease Trust 2012-B (the “Issuing Entity”) pursuant to the Trust
SUBI Certificate Transfer Agreement, dated as of October 24, 2012 (the “Trust SUBI Certificate Transfer Agreement”), between NALL II, as depositor (the “Depositor”) and the Issuing Entity, as transferee.

  

			
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 H. Pursuant to the Indenture, dated as of October 24, 2012 (the
“Indenture”), between the Issuing Entity, as issuer, and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”), the Issuing Entity will (i) issue the Notes; and (ii) pledge the
2012-B SUBI Certificate to the Indenture Trustee for the benefit of the holders of the Notes. 
 I. The parties hereto also
desire to register a pledge of the 2012-B SUBI Certificate to the Indenture Trustee for the benefit of the holders of the Notes. 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained, and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto
agree as follows: 
 ARTICLE ELEVEN 
 DEFINITIONS 
 Section 11.01 Definitions. Capitalized terms used herein
that are not otherwise defined shall have the respective meanings ascribed thereto in the Agreement of Definitions, dated as of October 24, 2012, by and among the Issuing Entity , NILT Trust, as the Grantor and the UTI Beneficiary, the Titling
Trust, NMAC, in its individual capacity, as Servicer and as administrative agent (in such capacity, the “Administrative Agent”), NALL II, the Titling Trustee, Wilmington Trust, National Association, a national banking association
with trust powers, as owner trustee (the “Owner Trustee”), the Delaware Trustee, the Trust Agent and the Indenture Trustee. 
 Section 11.02 Interpretive Provisions. For all purposes of this 2012-B SUBI Supplement, except as otherwise expressly provided or unless the context otherwise requires, (i) terms used
herein include, as appropriate, all genders and the plural as well as the singular, (ii) references to words such as “herein,” “hereof” and the like shall refer to this 2012-B SUBI Supplement as a whole and not
to any particular part, Article or Section within this 2012-B SUBI Supplement, (iii) references to an Article or Section such as “Article Twelve” or “Section 12.01” shall refer to the applicable Article or Section of
this 2012-B SUBI Supplement, (iv) the term “include” and all variations thereof shall mean “include without limitation,” (v) the term “or” shall include “and/or,” (vi) the term
“proceeds” shall have the meaning ascribed to such term in the UCC, (vii) references to Persons include their permitted successors and assigns, (viii) references to agreements and other contractual instruments include all
subsequent amendments, amendments and restatements and supplements thereto or changes therein entered into in accordance with their respective terms and not prohibited by this 2012-B SUBI Supplement, except that references to the SUBI Trust
Agreement include only such items as related to the 2012-B SUBI and the Titling Trust, (ix) references to laws include their amendments and supplements, the rules and regulations thereunder and any successors thereto, (x) references to
this 2012-B SUBI Supplement include all Exhibits hereto, (xi) the phrase “Titling Trustee on behalf of the Trust,” or words of similar import, shall, to the extent required to effectuate the appointment of any Co-Trustee pursuant to
the Titling Trust Agreement, be deemed to refer to the Trustee (or such Co-Trustee) on behalf of the Titling Trust, and (xii) in the computation of a period of time from a specified date to a later specified date, the word “from”
shall mean “from and including” and the words “to” and “until” shall mean “to but excluding.” 

  

			
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 Section 11.03 Rights in Respect of the 2012-B SUBI. Each Holder and Registered
Pledgee of the 2012-B SUBI Certificate (including the Issuing Entity) is a third-party beneficiary of the SUBI Trust Agreement insofar as the Titling Trust Agreement and this 2012-B SUBI Supplement apply to the 2012-B SUBI, the Holders of the 2012-B
SUBI Certificate, and the Registered Pledgees of the 2012-B SUBI Certificate. Therefore, to that extent, references in the SUBI Trust Agreement to the ability of a “Holder,” “Related Beneficiary,” or a “Registered
Pledgee” of a SUBI Certificate to take any action shall be deemed to refer to the Issuing Entity acting at its own instigation or upon the instruction of the requisite voting percentage of holders of Securities or Rated Securities, as specified
in the Indenture or the Trust Agreement, as applicable. 
 ARTICLE TWELVE 

CREATION OF THE 2012-B SUBI 
 Section 12.01 Creation of 2012-B SUBI Assets and the 2012-B SUBI. 
 (a)
Pursuant to Section 3.01(a) of the Titling Trust Agreement, the UTI Beneficiary directs the Titling Trustee to create, and the Titling Trustee hereby creates, one Sub-Trust which shall be known as the “2012-B SUBI”. The
2012-B SUBI shall represent a special unit of beneficial interest solely in the 2012-B SUBI Assets. 
 (b) Pursuant to
Section 3.01(a) of the Titling Trust Agreement, the UTI Beneficiary hereby directs the Titling Trustee to identify and allocate or to cause to be identified and allocated to the 2012-B SUBI on the books and records of the Titling Trust a
separate Sub-Trust of Trust Assets consisting of 2012-B Eligible Leases and the related Leased Vehicles and other associated Trust Assets owned by the Titling Trust and not allocated to any Other SUBI or reserved for allocation to any Other SUBI (or
owned or acquired by the Titling Trustee on behalf of the Titling Trust but not yet allocated to, or reserved for allocation to, any specific Sub-Trust). Such Trust Assets (the “2012-B SUBI Assets”) shall be accounted for and held
in trust independently from all other Trust Assets within the Titling Trust. Based upon their identification and allocation by the Servicer pursuant to the 2012-B Servicing Supplement, the Titling Trustee hereby identifies and allocates as 2012-B
SUBI Assets the 2012-B Leases and 2012-B Vehicles more particularly described on the Schedule of 2012-B Leases and 2012-B Vehicles and the related Trust Assets described above, each such 2012-B SUBI Asset to be identified on the books and accounts
of the Titling Trust as being allocated to the 2012-B SUBI. 
 (c) The Titling Trust is hereby granted the power and authority
and is authorized, and the Titling Trustee is authorized on behalf of the Titling Trust, to execute, deliver and perform its obligations under the Basic Documents. 
 Section 12.02 Transfer of 2012-B SUBI Interests. 
 (a) Interests in the
2012-B SUBI may not be transferred or assigned by the UTI Beneficiary, and any such purported transfer or assignment shall be deemed null, void, and of no effect herewith; provided, however, that the 2012-B SUBI Certificate and the
interests in the 2012-B SUBI represented thereby may be (i) sold to the Depositor pursuant to the SUBI Certificate Transfer Agreement, (ii) sold, transferred and assigned by the Depositor absolutely,

  

			
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	  	(NALT 2012-B SUBI Supplement)

 
or transferred and assigned or a security interest therein granted, in connection with a Securitized Financing, (iii) transferred to the Indenture Trustee or any subsequent Registered
Pledgee to itself or any other Person following the occurrence of an Event of Default (which has not been rescinded) or any similar term in any subsequent Securitized Financing secured by the 2012-B SUBI Certificate or any interest therein and
(iv) transferred to each direct or indirect permitted transferee of the Indenture Trustee or such subsequent Registered Pledgee, in each case in the circumstances contemplated in, and subject to the conditions set forth in,
Section 3.04(b) of the Titling Trust Agreement. Each such transfer shall be registrable upon surrender of the 2012-B SUBI Certificate to be transferred for registration of the transfer at the corporate trust office of the Titling Trustee
(or the Trust Agent, if applicable), accompanied by a written instrument of transfer in form satisfactory to the Titling Trustee duly executed by the Holder thereof or such Holder’s attorney duly authorized in writing, and thereupon a new
2012-B SUBI Certificate of a like aggregate fractional undivided interest will be issued to the designated permitted transferee. 

(b) For any transfer of the 2012-B SUBI Certificate or an interest therein to be effective, on or prior to the date of any absolute sale,
transfer, or assignment, the related transferee must execute and deliver to the Trustee the non-petition covenant and the agreement required pursuant to Section 3.04(b) of the Titling Trust Agreement. 

(c) The 2012-B SUBI Certificate (or any interest therein) may not be acquired by or on behalf of any Benefit Plan Investor. The 2012-B
SUBI Certificate (or any interest therein) may not be acquired by or on behalf of a “governmental plan” (as defined in Section 3(32) of ERISA) or any other employee benefit plan that is subject to Similar Law if the
acquisition, holding and disposition of the 2012-B SUBI Certificate (or any interest therein) would result in a non-exempt prohibited transaction under, or a violation of, Similar Law or would result in the assets of the Titling Trust being
considered plan assets of such Benefit Plan under Similar Law. 
 (d) Notwithstanding any other provision herein, no transfer or
assignment of an interest in the 2012-B SUBI (other than transfer or assignments to the NILT Trust, the Depositor, or the Issuing Entity) will be valid, and any such purported transfer or assignment shall be deemed null, void, and of no effect
herewith, unless the purported transferee first shall have certified in writing to the Titling Trustee that, for U.S. federal income tax purposes, the transferee is not a partnership, S Corporation, or grantor trust having more than one beneficial
owner or having a single beneficial owner that is a partnership or S Corporation. 
 Section 12.03 Issuance and Form of
2012-B SUBI Certificate. 
 (a) The 2012-B SUBI shall be represented by a 2012-B SUBI Certificate that shall represent a 100%
beneficial interest in the 2012-B SUBI and the 2012-B SUBI Assets, as further set forth herein. The 2012-B SUBI Certificate shall, upon transfer to the Issuing Entity, be registered in the name of the Issuing Entity, representing the beneficial
interest in the 2012-B SUBI Assets allocated from the UTI. The Titling Trustee shall register a pledge of the 2012-B SUBI Certificate in favor of the Indenture Trustee (for the benefit of the holders of the Notes), as provided in Article Thirteen,
and shall deliver the 2012-B SUBI Certificate to the Indenture Trustee. The 2012-B SUBI Certificate shall be substantially in the form of Exhibit A attached hereto, with such appropriate insertions, omissions, substitutions and other
variations as are required by this 2012-B SUBI Supplement and may have such letters, numbers or other marks of 

  

			
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	  	(NALT 2012-B SUBI Supplement)

 
identification and such legends and endorsements placed thereon as may, consistently herewith and with the Titling Trust Agreement, be directed by the UTI Beneficiary. Any portion of any 2012-B
SUBI Certificate may be set forth on the reverse thereof, in which case the following reference to the portion of the text on the reverse shall be inserted on the face thereof, in relative proximity to and prior to the signature of the Titling
Trustee executing such 2012-B SUBI Certificate: 
 Reference is hereby made to the further provisions of this certificate set
forth on the reverse hereof, which provisions shall for all purposes have the same effect as if set forth at this place. 
 In
addition, the 2012-B SUBI Certificate will bear a legend to the following effect: 
 THIS 2012-B SUBI CERTIFICATE HAS NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE SECURITIES ACT”), OR UNDER ANY STATE SECURITIES OR BLUE SKY LAW. THE HOLDER HEREOF, BY PURCHASING THIS 2012-B SUBI CERTIFICATE, AGREES THAT THIS 2012-B SUBI
CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, INCLUDING PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO AN INSTITUTIONAL
INVESTOR THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH
CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A AND IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTIONS. 

THIS 2012-B SUBI CERTIFICATE (OR ANY INTEREST HEREIN) MAY NOT BE ACQUIRED BY OR ON BEHALF OF (I) AN “EMPLOYEE BENEFIT
PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), THAT IS SUBJECT TO TITLE I OF ERISA, (II) A “PLAN” AS DEFINED IN SECTION 4975(e)(1) OF INTERNAL REVENUE CODE OF
1986, AS AMENDED (THE “CODE”), THAT IS SUBJECT TO SECTION 4975 OF THE CODE OR (III) ANY ENTITY DEEMED TO HOLD THE “PLAN ASSETS” (WITHIN THE MEANING OF 29 C.F.R. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) OF ANY OF
THE FOREGOING. IF THIS 2012-B SUBI CERTIFICATE (OR ANY INTEREST HEREIN) IS PURCHASED OR HELD BY A “GOVERNMENTAL PLAN” WITHIN THE MEANING OF SECTION 3(32) OF ERISA OR ANY OTHER EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO ANY STATE, LOCAL OR
OTHER LAW THAT IS SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), IT SHALL BE DEEMED TO REPRESENT AND WARRANT THAT ITS ACQUISITION, HOLDING AND DISPOSITION OF THIS 2012-B SUBI CERTIFICATE (OR ANY INTEREST
HEREIN) WILL NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER, OR A VIOLATION OF, SIMILAR LAW AND WILL NOT RESULT IN THE ASSETS OF THE TITLING TRUST BEING CONSIDERED PLAN ASSETS OF SUCH PLAN UNDER SIMILAR LAW. 

  

			
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	  	(NALT 2012-B SUBI Supplement)

 The 2012-B SUBI Certificate shall be printed, lithographed, typewritten, mimeographed,
photocopied, or otherwise produced or may be produced in any other manner as may, consistently herewith and with the Titling Trust Agreement, be determined by the UTI Beneficiary. The 2012-B SUBI Certificate and the interest in the 2012-B SUBI
evidenced thereby shall constitute a “security” within the meaning of Section 8-102(a)(15) of the UCC and a “certificated security” within the meaning of Section 8-102(a)(4) of the UCC. 

(b) If (i) the 2012-B SUBI Certificate is mutilated and surrendered to the Titling Trustee, or the Titling Trustee receives evidence
to its satisfaction of the destruction, loss, or theft of the 2012-B SUBI Certificate and (ii) there is delivered to the Titling Trustee such security or indemnity as may reasonably be required by it to hold the Issuing Entity and the Titling
Trustee, as applicable, harmless, then the Titling Trustee shall execute and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen 2012-B SUBI Certificate, a replacement 2012-B SUBI Certificate. Every 2012-B SUBI
Certificate issued pursuant to this Section 12.03(b) in replacement of any mutilated, destroyed, lost, or stolen 2012-B SUBI Certificate shall constitute an original additional contractual obligation of the Issuing Entity, whether or not
the mutilated, destroyed, lost, or stolen 2012-B SUBI Certificate shall be at any time enforceable by anyone and shall be entitled to all of the benefits of the SUBI Trust Agreement equally and proportionately with any and all other 2012-B SUBI
Certificates duly issued hereunder. The provisions of this Section 12.03(b) are exclusive and preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost, or
stolen 2012-B SUBI Certificates. 
 Section 12.04 Actions and Filings. Each of the UTI Beneficiary and the Titling
Trustee shall undertake all other and future actions and activities as may be deemed reasonably necessary by the Servicer pursuant to the Servicing Agreement to perfect (or evidence) and confirm the foregoing allocations of Trust Assets to the
2012-B SUBI, including filing or causing to be filed UCC financing statements and executing and delivering all related filings, documents or writings as may be deemed reasonably necessary by the Servicer or the Registered Pledgee hereunder or under
any other Basic Document. The UTI Beneficiary hereby irrevocably makes and appoints each of the Titling Trustee and the Servicer, and any of their respective officers, employees or agents, as the true and lawful attorney-in-fact of the UTI
Beneficiary (which appointment is coupled with an interest and is irrevocable) with power to sign on behalf of the UTI Beneficiary any financing statements, continuation statements, security agreements, mortgages, assignments, affidavits, letters of
authority, notices or similar documents necessary or appropriate to be executed or filed pursuant to this Section. 

Section 12.05 Termination of the 2012-B SUBI. 
 (a) If all of the 2012-B Leases and 2012-B Vehicles have been liquidated into cash and all of such cash shall have been distributed in accordance with the Basic Documents, then, at the direction of the
Holder of the 2012-B SUBI Certificate, the 2012-B SUBI shall be terminated and the 2012-B SUBI Certificate shall be returned to the Titling Trustee and canceled thereby. 

  

			
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	  	(NALT 2012-B SUBI Supplement)

 (b) Upon a written direction to the Titling Trustee to revoke and terminate the 2012-B SUBI
by the Holder of the 2012-B SUBI Certificate, the Titling Trustee shall (i) revoke the 2012-B SUBI and (ii) promptly, at the expense of the Holder of the 2012-B SUBI Certificate, either (A) distribute the 2012-B SUBI Assets to the
Holder of the 2012-B SUBI Certificate or (B) allocate the 2012-B SUBI Assets to the UTI or to an Other SUBI, as directed by such Holder; provided, however, that the 2012-B SUBI shall not be subject to such revocation prior to the earlier of
(A) the acceleration of the Notes under Section 5.2 of the Indenture following an Indenture Default or (B) payment in full of principal of, and accrued interest on, the Notes. 

Section 12.06 Representations and Warranties of Titling Trustee. The Titling Trustee hereby reaffirms, as of the Cutoff Date,
the representations, warranties and covenants set forth in Section 5.12 of the Titling Trust Agreement, on which the Grantor and UTI Beneficiary, each of its permitted assignees, and each Holder or Related Beneficiary of a 2012-B SUBI
Certificate (and beneficial owner of any portion thereof, including the Issuing Entity and the Trust Certificateholders) may rely. For purposes of this Section, any reference in Section 5.12 of the Titling Trust Agreement to the Titling
Trust Agreement shall be deemed to constitute references to the SUBI Trust Agreement. 
 Section 12.07 Transfer and
Assignment of Certificates. For purposes of the SUBI Trust Agreement, the third sentence of Section 3.04(b) of the Titling Trust Agreement is hereby amended to read as follows: 

“Notwithstanding the foregoing, prior to becoming the Registered Pledgee or Holder of a SUBI Certificate or otherwise becoming
entitled to distributions or any other rights hereunder, the related transferee, assignee, or pledgee in each case must (i) give a non-petition covenant substantially similar to that set forth in Section 8.08 of the Titling Trust
Agreement, and (ii) execute an agreement in favor of each Holder from time to time of a UTI Certificate and any certificate evidencing an Other SUBI to release all Claims to the UTI Assets and the related Other SUBI Assets, respectively, and,
if such release is not given effect, to subordinate fully all Claims it may be deemed to have against the UTI Assets as defined in the Titling Trust Agreement or such Other SUBI Assets, as the case may be.” 

For so long as the 2012-B SUBI Certificate remains outstanding, each Supplement shall contain a similar amendment with respect to such
Section. 
 ARTICLE THIRTEEN 
 2012-B SUBI PLEDGE 
 Section 13.01 Registration of the 2012-B SUBI
Pledge. The parties hereto hereby acknowledge the Issuing Entity’s pledge, assignment, and grant to the Indenture Trustee, for the benefit of the holders of the Notes, under the Indenture of a security interest in the 2012-B SUBI
Certificate together with all rights appurtenant thereto and proceeds thereof, to secure the Notes. The Titling Trustee hereby acknowledges such pledge, assignment, and grant of security interest, and the Titling Trustee agrees to cause the
Indenture Trustee to be listed in the Certificate Register as the Registered Pledgee of the 2012-B SUBI Certificate. The Issuing Entity has caused the Titling Trustee to deliver the 2012-B SUBI Certificate to the Indenture Trustee, as Registered
Pledgee, who shall have the rights with respect thereto described herein and in the Indenture. 

  

			
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 ARTICLE FOURTEEN 
 2012-B SUBI ACCOUNTS 
 Section 14.01 2012-B SUBI Collection Account.

 (a) With respect to the 2012-B SUBI, the Servicer, shall on or prior to the Closing Date establish, in the name of the
Indenture Trustee until the Outstanding Amount of the Notes is zero, and thereafter; in the name of the Issuing Entity, the 2012-B SUBI Collection Account, which account shall constitute a SUBI Collection Account. The 2012-B SUBI Collection Account
initially shall be established with the Indenture Trustee. If the 2012-B SUBI Collection Account shall cease to be an Eligible Account or if the Servicer, in its sole discretion, notifies the Indenture Trustee in writing that the 2012-B SUBI
Collection Account should be moved, then the Servicer shall, with the assistance of the Indenture Trustee, as necessary, cause such 2012-B SUBI Collection Account to be moved to the institution selected by the Servicer as described in
Section 4.02(a) of the Titling Trust Agreement. The 2012-B SUBI Collection Account shall relate solely to the 2012-B SUBI and the 2012-B SUBI Assets, and funds therein shall not be commingled with any other monies, except as otherwise
provided for in, or contemplated by, the SUBI Trust Agreement or in the Servicing Agreement. All deposits into the 2012-B SUBI Collection Account shall be made as described in the Servicing Agreement. 

(b) On each Deposit Date and Payment Date, pursuant to the instructions from the Servicer, the Indenture Trustee shall make deposits and
withdrawals from the 2012-B SUBI Collection Account as set forth in the 2012-B Servicing Supplement. 
 (c) Any transfer of funds
to a Holder of a 2012-B SUBI Certificate shall be made as directed pursuant to the Basic Documents. 
 Section 14.02
2012-B Reserve Account. 
 (a) Pursuant to Section 5.01(b) of the Trust Agreement, the Servicer, on behalf of
the Issuing Entity, shall on or prior to the Closing Date establish and maintain the Reserve Account (i) with the Indenture Trustee, until the Outstanding Amount is reduced to zero, and (ii) thereafter with the Owner Trustee. Deposits to
and withdrawals from the Reserve Account shall be made as directed pursuant to the Basic Documents, including Section 8.04(c) of the Indenture, Section 8.03 of the 2012-B Servicing Supplement and Section 14.03 of this 2012-B
SUBI Supplement. 
 Section 14.03 Investment of Monies in 2012-B SUBI Accounts. All amounts held in the 2012-B SUBI
Collection Account and the Reserve Account shall be invested in Permitted Investments in accordance with Section 4.02(a) of the Titling Trust Agreement. 
 Section 14.04 No Residual Value Surplus Account or Payahead Account. The parties hereby acknowledge that there shall be no Residual Value Surplus Account or Payahead Account (as defined in the
Titling Trust Agreement). 

  

			
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 ARTICLE FIFTEEN 
 MISCELLANEOUS PROVISIONS 
 Section 15.01 Amendment. 

(a) Notwithstanding any provision of the Titling Trust Agreement, the Titling Trust Agreement, as supplemented by this 2012-B SUBI
Supplement, to the extent that it relates solely to the 2012-B SUBI, may be amended in accordance with this Section 15.01. 
 (b) Any term or provision of this 2012-B SUBI Supplement may be amended by the parties hereto, without the consent of any other Person; provided that (i) either (A) any amendment that
materially and adversely affects the Noteholders shall require the consent of Noteholders evidencing not less than a Majority Interest of the Notes voting together as a single class, or (B) such amendment shall not materially and adversely
affect the Noteholders, and (ii) any amendment that adversely affects the interests of the Trust Certificateholder, the Indenture Trustee or the Owner Trustee shall require the prior written consent of each Persons whose interests are adversely
affected. An amendment shall be deemed not to materially and adversely affect the Noteholders if (i) the Rating Agency Condition is satisfied with respect to such amendment, or (ii) the Servicer delivers an Officer’s Certificate to
the Indenture Trustee stating that such amendment shall not materially and adversely affect the Noteholders. The consent of the Trust Certificateholder or the Owner Trustee shall be deemed to have been given if the Servicer does not receive a
written objection from such Person within 10 Business Days after a written request for such consent shall have been given. The Indenture Trustee may, but shall not be obliged to, enter into or consent to any such amendment that affects the Indenture
Trustee’s own rights, duties, liabilities or immunities under this Agreement or otherwise. 
 (c) Notwithstanding the
foregoing, no amendment shall (i) reduce the interest rate or principal amount of any Note, or change the due date of any installment of principal of or interest in any Note, or the Redemption Price with respect thereto, without the consent of
the Holder of such Note, or (ii) reduce the Outstanding Amount, the Holders of which are required to consent to any matter without the consent of the Holders of at least a Majority Interest of the Notes which were required to consent to such
matter before giving effect to such amendment. 
 (d) Notwithstanding anything herein to the contrary, any term or provision of
this 2012-B SUBI Supplement may be amended by the parties hereto without the consent of any of the Noteholders or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to comply with or obtain more
favorable treatment under or with respect to any law or regulation or any accounting rule or principle (whether now or in the future in effect); it being a condition to any such amendment that (i) the Rating Agency Condition shall have been
satisfied, or (ii) the Officer’s Certificate described in Section 15.01(b) is delivered to the Indenture Trustee. 
 (e) It shall not be necessary for the consent of any Person pursuant to this Section for such Person to approve the particular form of any proposed amendment, but it shall be sufficient if such Person
consents to the substance thereof. 

  

			
	 9
	  	(NALT 2012-B SUBI Supplement)

 (f) Prior to the execution of any amendment to this 2012-B SUBI Supplement, the Servicer
shall provide each Rating Agency, the Trust Certificateholder, the Depositor, the Owner Trustee and the Indenture Trustee with written notice of the substance of such amendment. No later than 10 Business Days after the execution of any amendment to
this 2012-B SUBI Supplement, the Servicer shall furnish a copy of such amendment to each Rating Agency, the Issuing Entity, the Trust Certificateholder, the Indenture Trustee and the Owner Trustee. 

(g) Prior to the execution of any amendment to this 2012-B SUBI Supplement, the Servicer shall provide an Opinion of Counsel to the
Titling Trustee to the effect that after such amendment, for federal income tax purposes, the Titling Trust will not be treated as an association (or a publicly traded partnership) taxable as a corporation and the Notes will properly be
characterized as indebtedness that is secured by the assets of the Issuing Entity. 
 (h) None of U.S. Bank, as trustee of NILT
Trust and as Trust Agent, NILT, Inc., nor the Indenture Trustee shall be under any obligation to ascertain whether a Rating Agency Condition has been satisfied with respect to any amendment. When the Rating Agency Condition is satisfied with respect
to such amendment, the Servicer shall deliver to a Responsible Officer of U.S. Bank, as trustee of NILT Trust and as Trust Agent, and the Indenture Trustee an Officer’s Certificate to that effect, and U.S. Bank, as trustee of NILT Trust and as
Trust Agent, and the Indenture Trustee may conclusively rely upon the Officer’s Certificate from the Servicer that a Rating Agency Condition has been satisfied with respect to such amendment. 

Section 15.02 Governing Law. This 2012-B SUBI Supplement shall be created under and governed by and construed under the
internal laws of the State of Delaware, without reference to its conflicts of law provisions, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with such laws. 

Section 15.03 Notices. The notice provisions of Section 8.03 of the Titling Trust Agreement shall apply equally
to this 2012-B SUBI Supplement. A copy of each notice or other writing required to be delivered to the Titling Trustee pursuant to the SUBI Trust Agreement also shall be in writing and, unless otherwise expressly provided herein, shall be deemed to
have been duly given or made when delivered by hand or, in the case of mail, email (if an email address is provided) or facsimile notice, when actually received by the intended recipient, addressed to the party to be notified, and sent to
(i) the Owner Trustee at Wilmington Trust, National Association, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890 (telecopier no. (302) 636-4140), Attention: Corporate Trust Administration; (ii) the Servicer
at One Nissan Way, Franklin, Tennessee 37067 (telecopier no. (615) 725-8530) (email: doug.gwin@Nissan-USA.com), Attention: Treasurer; (iii) the Trust Agent at 190 South LaSalle Street, 7th Floor, Chicago, Illinois 60603, Attention: NILT,
Inc. (telecopier no. (312) 332-7996) (email: patricia.child@usbank.com); or (iv) at such other address as shall be designated by any of the foregoing in written notice to the other parties hereto; provided, however, any
demand, notice or communication to be delivered pursuant to the SUBI Trust Agreement to any Rating Agency shall be deemed to be delivered if a copy of such demand, notice or communication has been posted on any web site maintained by NMAC pursuant
to a commitment to any Rating Agency relating to the Notes in accordance with 17 C.F.R. 240 17g-5(a)(3). 

  

			
	 10
	  	(NALT 2012-B SUBI Supplement)

 Section 15.04 Severability of Provisions. If any one or more of the covenants,
agreements, provisions, or terms of this 2012-B SUBI Supplement (including any amendment hereto) shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining
covenants, agreements, provisions, or terms of this 2012-B SUBI Supplement, as the same may be amended, and shall in no way affect the validity or enforceability of the other provisions of the SUBI Trust Agreement or of the 2012-B SUBI Certificate
or the rights of the Registered Pledgees thereof. To the extent permitted by applicable law, the parties hereto waive any provision of law that renders any covenant, agreement, provision, or term of this 2012-B SUBI Supplement invalid or
unenforceable in any respect. 
 Section 15.05 Effect of Supplement on Titling Trust Agreement. 

(a) Except as otherwise specifically provided herein or unless the context otherwise requires, (i) the parties hereto shall continue
to be bound by all provisions of the Titling Trust Agreement, (ii) all references in the Titling Trust Agreement to the Titling Trust Agreement shall be to the SUBI Trust Agreement and (iii) the provisions set forth herein shall operate
either as additions to or modifications of the existing obligations of the parties under the Titling Trust Agreement, as the context may require. In the event of any conflict between this 2012-B SUBI Supplement and the Titling Trust Agreement in
respect of the 2012-B SUBI, the provisions of this 2012-B SUBI Supplement shall prevail with respect to the 2012-B SUBI only. 

(b) For purposes of determining the obligations of the parties hereto under this 2012-B SUBI Supplement with respect to the 2012-B SUBI,
except as otherwise indicated by the context, general references in the Titling Trust Agreement to (i) a SUBI Account shall be deemed to refer more specifically to a 2012-B SUBI Account, (ii) a SUBI shall be deemed to refer more
specifically to the 2012-B SUBI, (iii) a SUBI Collection Account shall be deemed to refer more specifically to the 2012-B SUBI Collection Account, (iv) a SUBI Asset shall be deemed to refer more specifically to a 2012-B SUBI Asset,
(v) a SUBI Supplement shall be deemed to refer more specifically to this 2012-B SUBI Supplement, and (vi) a Servicing Supplement shall be deemed to refer more specifically to the 2012-B Servicing Supplement. 

Section 15.06 No Petition. Each of the parties hereto and each Holder of a 2012-B SUBI Certificate, and each Registered
Pledgee, by acceptance of a 2012-B SUBI Certificate, covenants and agrees that prior to the date that is one year and one day after the date upon which all obligations under each Securitized Financing have been paid in full, it will not institute
against, or join any other Person in instituting against the Grantor, the Depositor, the Titling Trustee, the Titling Trust, the Issuing Entity , any Special Purpose Affiliate or any Beneficiary, any bankruptcy, reorganization, arrangement,
insolvency or liquidation Proceeding or other Proceeding under any federal or state bankruptcy or similar law. This Section shall survive the complete or partial termination of this 2012-B SUBI Supplement, the resignation or removal of the Titling
Trustee under the SUBI Trust Agreement and the complete or partial resignation or removal of the Servicer under the SUBI Trust Agreement or the Servicing Agreement. 

  

			
	 11
	  	(NALT 2012-B SUBI Supplement)

 Section 15.07 No Recourse. It is expressly understood and agreed by the parties
hereto that with respect to U.S. Bank’s role as trustee of NILT Trust only, and not with respect to its role as Trust Agent (i) this Agreement is executed and delivered by U.S. Bank, not individually or personally, but solely as trustee of
NILT Trust, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings, and agreements herein made on the part of NILT Trust, is made and intended not as personal representations,
undertakings, and agreements by U.S. Bank, but is made and intended for the purpose of binding only NILT Trust, (iii) nothing herein contained shall be construed as creating any liability on U.S. Bank, individually or personally, to perform any
covenant, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, and (iv) under no circumstances shall U.S.
Bank be personally liable for the payment of any indebtedness or expenses of NILT Trust under this Agreement or any other related documents. 
 [Signature Pages to Follow] 

  

			
	 12
	  	(NALT 2012-B SUBI Supplement)

 IN WITNESS WHEREOF, the Grantor and UTI Beneficiary, the Servicer, the Titling Trustee, the
Delaware Trustee and, solely for the limited purposes set forth in Sections 14.01, 14.02, 14.03 and 14.04, the Trust Agent, have caused this 2012-B SUBI Supplement to be duly executed by their respective officers as of
the day and year first above written. 
  

	
	NILT TRUST,
	as Grantor and UTI Beneficiary
	
	 By: U.S. BANK NATIONAL ASSOCIATION,
         as Trustee

	
	By:                             
                                         
                          
	Name:                             
                                         
                    
	Title:                            
                                         
                       
	
	 NISSAN MOTOR ACCEPTANCE CORPORATION,
 as Servicer

	
	By:                             
                                         
                          
	Name:                             
                                         
                    
	Title:                            
                                         
                       
	
	 NILT, INC.,
 as Titling
Trustee

	
	By:                             
                                         
                          
	Name:                             
                                         
                    
	Title:                            
                                         
                       
	
	 WILMINGTON TRUST COMPANY,

as Delaware Trustee

	
	By:                             
                                         
                          
	Name:                             
                                         
                    
	Title:                            
                                         
                       

  

			
	 S-1
	  	(NALT 2012-B SUBI Supplement)

 
	
	U.S. BANK NATIONAL ASSOCIATION,
	as Trust Agent
	
	By:                             
                                         
                          
	Name:                             
                                         
                    
	Title:                            
                                         
                       

  

			
	 S-2
	  	(NALT 2012-B SUBI Supplement)

 Receipt of this original counterpart of this 2012-B SUBI Supplement is hereby acknowledged
on this              day of October, 2012. 
  

	
	U.S. BANK NATIONAL ASSOCIATION,
	as Indenture Trustee
	
	By:                             
                                         
                          
	Name:                             
                                         
                    
	Title:                            
                                         
                       

  

			
	 S-3
	  	(NALT 2012-B SUBI Supplement)

 EXHIBIT A 
 FORM OF 2012-B SUBI CERTIFICATE 
 THIS 2012-B SUBI CERTIFICATE MAY NOT BE
TRANSFERRED OR ASSIGNED EXCEPT UPON THE TERMS AND SUBJECT TO THE CONDITIONS SPECIFIED HEREIN 
 NISSAN—INFINITI LT

 2012-B SPECIAL UNIT OF BENEFICIAL INTEREST CERTIFICATE 
 evidencing a fractional undivided interest in the 2012-B SUBI Assets of Nissan-Infiniti LT, a statutory trust organized pursuant to the Delaware Statutory Trust Act (the “Titling Trust”).

 (This Certificate does not represent any interest in the UTI Assets or any Other SUBI Assets of the Issuing Entity or an
obligation, of, or interest in, NILT Trust, Nissan Motor Acceptance Corporation, NILT, Inc. or any of their respective Affiliates.) 
 THIS 2012-B SUBI CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“THE SECURITIES ACT”), OR UNDER ANY STATE SECURITIES OR BLUE SKY LAW.
THE HOLDER HEREOF, BY PURCHASING THIS 2012-B SUBI CERTIFICATE, AGREES THAT THIS 2012-B SUBI CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS, INCLUDING
PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”) TO AN INSTITUTIONAL INVESTOR THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING
FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A AND IN ACCORDANCE WITH ALL APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTIONS. 
 THIS 2012-B SUBI CERTIFICATE (OR ANY INTEREST HEREIN) MAY NOT
BE ACQUIRED BY OR ON BEHALF OF (I) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), THAT IS SUBJECT TO TITLE I OF ERISA, (II) A
“PLAN” AS DEFINED IN SECTION 4975(e)(1) OF INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), THAT IS SUBJECT TO SECTION 4975 OF THE CODE OR (III) ANY ENTITY DEEMED TO HOLD THE “PLAN ASSETS” (WITHIN THE MEANING OF
29 C.F.R. SECTION 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) OF ANY OF THE FOREGOING. IF THIS 2012-B SUBI CERTIFICATE (OR ANY INTEREST 

  

			
	 A-1
	  	(NALT 2012-B SUBI Supplement)

 
HEREIN) IS PURCHASED OR HELD BY A “GOVERNMENTAL PLAN” (WITHIN THE MEANING OF SECTION 3(32) OF ERISA) OR ANY OTHER EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO ANY STATE, LOCAL OR OTHER LAW
THAT IS SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE (“SIMILAR LAW”), IT SHALL BE DEEMED TO REPRESENT AND WARRANT THAT ITS ACQUISITION, HOLDING AND DISPOSITION OF THIS 2012-B SUBI CERTIFICATE (OR ANY INTEREST HEREIN) WILL
NOT RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION UNDER, OR A VIOLATION OF, SIMILAR LAW AND WILL NOT RESULT IN THE ASSETS OF THE TITLING TRUST BEING CONSIDERED PLAN ASSETS OF SUCH PLAN UNDER VIOLATION OF SIMILAR LAW. 

No. R-              
 evidencing a 100% interest in all 2012-B SUBI Assets (as defined below). 
 This
2012-B Special Unit of Beneficial Interest Certificate does not represent an interest in or obligation of Nissan Motor Acceptance Corporation, NILT, Inc. or any of their respective affiliates. 

THIS CERTIFIES THAT              is the registered owner of a
nonassessable, fully-paid, 100% beneficial interest in the 2012-B SUBI Assets owned by the Titling Trust. 
 The Titling Trust
was created pursuant to the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998 as amended, supplemented or otherwise modified from time to time, (the “Titling Trust Agreement”), among NILT Trust, a
Delaware statutory trust, as grantor and initial beneficiary (in such capacities, the “Grantor” and the “UTI Beneficiary,” respectively), NILT, Inc., a Delaware corporation, as trustee (the “Titling
Trustee”), Nissan Motor Acceptance Corporation, a California corporation, as servicer (the “Servicer”), Wilmington Trust Company, a Delaware corporation with trust powers, as Delaware trustee (the “Delaware
Trustee”), and U.S. Bank National Association, a national banking association, as trust agent (the “Trust Agent”). 
 This certificate is a duly authorized 2012-B SUBI Certificate, and is issued under and is subject to the terms, provisions and conditions of the Titling Trust Agreement and the 2012-B SUBI Supplement
thereto, dated as of October 24, 2012 (the “2012-B SUBI Supplement” and, together with the Titling Trust Agreement, the “SUBI Trust Agreement”). Capitalized terms used herein that are not otherwise defined
shall have the meanings ascribed thereto in the Agreement of Definitions, dated as of October 24, 2012, by and among Nissan Auto Lease Trust 2012-B, as issuer, (the “Issuing Entity”) NILT Trust, as the Grantor and the UTI
Beneficiary, the Titling Trust, Nissan Motor Acceptance Corporation, in its individual capacity, as the Servicer and administrative agent, Nissan Auto Leasing LLC II (the “Depositor”), the Titling Trustee, Wilmington Trust, National
Association, as owner trustee, the Delaware Trustee, the Trust Agent and U.S. Bank National Association, as indenture trustee ( the “Indenture Trustee”). By acceptance of this 2012-B SUBI Certificate, the Holder hereof assents to
the terms and conditions of the SUBI Trust Agreement and agrees to be bound thereby. A summary of certain of the pertinent provisions of the SUBI Trust Agreement is set forth below. 

  

			
	 A-2
	  	(NALT 2012-B SUBI Supplement)

 The assets of the Titling Trust allocated to the 2012-B SUBI will generally consist of
(i) cash capital, (ii) the 2012-B Leases (iii) the 2012-B Vehicles, (iv) certain related Trust Assets and (v) all of the Titling Trust’s rights thereunder, including the right to proceeds arising therefrom or in
connection therewith. 
 Under the Titling Trust Agreement, from time to time the UTI Beneficiary may direct the Trustee to
issue to or upon the order of the UTI Beneficiary one or more certificates (each, a “SUBI Certificate”) representing a beneficial interest in certain specified Leased Vehicles, Leases and related Trust Assets (such assets, the
“SUBI Assets”). Upon the issuance of the SUBI Certificates relating to the SUBI Assets, the beneficial interest in the Titling Trust and the Trust Assets represented by the UTI shall be reduced by the amount of the Trust Assets
represented by such SUBI Certificates. This certificate was issued pursuant to the 2012-B SUBI Supplement and represents a 100% beneficial interest in the 2012-B SUBI Assets. 
 The UTI and the 2012-B SUBI shall each constitute a separate series of the Titling Trust pursuant to Section 3806(b)(2) of the Delaware Statutory Trust Act for which separate and distinct records
shall be maintained. 
 The 2012-B SUBI Supplement may be amended by the parties thereto upon the terms and subject to the
conditions set forth in the 2012-B SUBI Supplement. 
 The Holder, by acceptance of this 2012-B SUBI Certificate, covenants and
agrees that prior to the date that is one year and one day after the date upon which all obligations under each Securitized Financing have been paid in full, it will not institute against, or join any other Person in instituting against, the
Grantor, the Depositor, the Titling Trustee, the Titling Trust, the Issuing Entity , any Beneficiary, any Special Purpose Affiliate, any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceeding or other Proceedings under any
federal or state bankruptcy or similar law. Such covenant shall survive the termination of the SUBI Trust Agreement, the resignation or removal of the Titling Trustee under the SUBI Trust Agreement or the complete or partial resignation of the
Servicer under the SUBI Trust Agreement or the Servicing Agreement. 
 The Holder hereof hereby (i) expressly waives any
claim it may have to any proceeds or assets of the Titling Trustee and to all of the Trust Assets other than those from time to time included within the 2012-B SUBI as 2012-B SUBI Assets and those proceeds or assets derived from or earned by such
2012-B SUBI Assets and (ii) expressly subordinates in favor of the Holder of any certificate evidencing an Other SUBI or a UTI Certificate any claim to any Other SUBI or UTI Assets that, notwithstanding the waiver contained in clause (i), may
be determined to exist. 
 The Titling Trustee shall keep the certificate register with respect to this 2012-B SUBI Certificate,
and the Holder of this 2012-B SUBI Certificate shall notify the Titling Trustee of any change of address or instructions on the distribution of funds. 
 The 2012-B SUBI may only be terminated under the terms and subject to the conditions set forth in the 2012-B SUBI Supplement. The Titling Trust or the UTI may terminate upon the terms and subject to the
conditions set forth in the SUBI Trust Agreement. 

  

			
	 A-3
	  	(NALT 2012-B SUBI Supplement)

 No SUBI or SUBI Certificate shall be transferred or assigned except to the extent specified
in the SUBI Trust Agreement or in any related Supplement and, to the fullest extent permitted by applicable law, any such purported transfer or assignment other than as so specified shall be deemed null, void, and of no effect under the SUBI Trust
Agreement. Notwithstanding the foregoing, any SUBI Certificate and the interest in the SUBI evidenced thereby may be (i) transferred, assigned or pledged to any Special Purpose Affiliate or (ii) transferred, assigned or pledged by the
Related Beneficiary or a Special Purpose Affiliate to or in favor of (A) a trustee for one or more trusts or (B) one or more other entities, in either case solely for the purpose of securing or otherwise facilitating one or more
Securitized Financings. 
 This 2012-B SUBI Certificate shall be governed by and construed under the internal laws of the State
of Delaware, without reference to its conflicts of law provisions. 
 Unless this 2012-B SUBI Certificate shall have been
executed by an authorized officer of the Titling Trustee, by manual signature, this 2012-B SUBI Certificate shall not entitle the holder hereof to any benefit under the SUBI Trust Agreement or be valid for any purpose. 

  

			
	 A-4
	  	(NALT 2012-B SUBI Supplement)

 IN WITNESS WHEREOF, NILT, Inc., as trustee of the Titling Trust and not in its individual
capacity, has caused this 2012-B SUBI Certificate to be duly executed. 
 Dated:
                    , 2012 
  

			
	NISSAN-INFINITI LT
		
	By:	 	NILT, INC.,
		 	as Titling Trustee

  

			
		 	(SEAL)

  

			
	By:	 	 
	Name:	 	
	Title:	 	

  

			
		 	ATTEST:
		
		 	 

 This is the 2012-B SUBI Certificate referred to in the within-mentioned Supplement. 

 

			
	NILT, INC., as Titling Trustee
		
	By:	 	                             
                                         
                         
		 	Authorized Officer

  

			
	 A-5
	  	(NALT 2012-B SUBI Supplement)

 FOR VALUE RECEIVED, the undersigned hereby sells, transfers and assigns unto
             the within 2012-B SUBI Certificate, and all rights thereunder, hereby irrevocably constituting and appointing
             as attorney to transfer said 2012-B SUBI Certificate on the books of the certificate registrar, with full power of substitution in the premises. 

 

			
		 	 NISSAN AUTO LEASE TRUST 2012-B

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

		
	Date:	 	By:                             
                                         
                                         
      
		 	Name:
		 	Title:

  

			
	 A-6
	  	(NALT 2012-B SUBI Supplement)EX-10.3

 Exhibit 10.3 
 EXECUTION VERSION 
  

 
 NISSAN-INFINITI LT, 

as Titling Trust, 

NILT TRUST, 
 as
Grantor and UTI Beneficiary, 
 and 
 NISSAN MOTOR ACCEPTANCE CORPORATION, 
 as Servicer, 

 
  

2012-B SUBI 

SERVICING SUPPLEMENT 
 Dated as of October 24, 2012 
  

 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE SEVEN	 	 DEFINITIONS
	  	 	1	  
			
	 Section 7.01
	 	 Definitions
	  	 	1	  
			
	 Section 7.02
	 	 Interpretative Provisions
	  	 	2	  
			
	ARTICLE EIGHT	 	 SERVICING OF THE 2012-B LEASES AND 2012-B VEHICLES
	  	 	2	  
			
	 Section 8.01
	 	 Identification of 2012-B Leases and 2012-B Vehicles; Securitization Value
	  	 	2	  
			
	 Section 8.02
	 	 Reallocation and Repurchase of 2012-B Leases and 2012-B Vehicles; Purchase of Matured
Vehicles;
 Lease Pull-Forwards
	  	 	2	  
			
	 Section 8.03
	 	 Collections and Payment Date Advance Reimbursement
	  	 	4	  
			
	 Section 8.04
	 	 Net Deposits
	  	 	6	  
			
	 Section 8.05
	 	 Servicing Compensation
	  	 	6	  
			
	 Section 8.06
	 	 Advances
	  	 	6	  
			
	 Section 8.07
	 	 Third Party Claims
	  	 	7	  
			
	 Section 8.08
	 	 Contingent and Excess Liability Insurance Policy
	  	 	7	  
			
	 Section 8.09
	 	 Reporting by the Servicer; Delivery of Certain Documentation
	  	 	8	  
			
	 Section 8.10
	 	 Accountants’ Attestation
	  	 	8	  
			
	 Section 8.11
	 	 Servicer’s Assessment Report; Annual Servicer’s Compliance Statement;
Officer’s Certificate;
 Administrative Agent Compensation
	  	 	8	  
			
	 Section 8.12
	 	 Servicer Defaults; Termination of Servicer
	  	 	9	  
			
	 Section 8.13
	 	 Servicer Representations and Warranties
	  	 	12	  
			
	 Section 8.14
	 	 Compliance with Regulation AB
	  	 	12	  
			
	 Section 8.15
	 	 Possession of Lease Documents
	  	 	12	  
			
	 Section 8.16
	 	 Option to Purchase the 2012-B SUBI Certificate
	  	 	12	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	ARTICLE NINE	 	 MISCELLANEOUS
	  	 	12	  
			
	 Section 9.01
	 	 Termination of Servicing Supplement
	  	 	12	  
			
	 Section 9.02
	 	 Governing Law
	  	 	12	  
			
	 Section 9.03
	 	 Amendment
	  	 	12	  
			
	 Section 9.04
	 	 Relationship of this 2012-B Servicing Supplement to Other Trust Documents
	  	 	14	  
			
	 Section 9.05
	 	 Binding Effect
	  	 	14	  
			
	 Section 9.06
	 	 Table of Contents and Headings
	  	 	14	  
			
	 Section 9.07
	 	 Counterparts
	  	 	14	  
			
	 Section 9.08
	 	 Further Assurances
	  	 	14	  
			
	 Section 9.09
	 	 Third-Party Beneficiaries
	  	 	14	  
			
	 Section 9.10
	 	 No Waiver; Cumulative Remedies
	  	 	14	  
			
	 Section 9.11
	 	 No Petition
	  	 	15	  
			
	 Section 9.12
	 	 No Recourse
	  	 	15	  
			
	 Section 9.13
	 	 Notices
	  	 	15	  

 EXHIBIT 
  

			
	 Exhibit A – Form of Settlement Statement
	  	A-1
	 Exhibit B – Form of Annual ERISA Certification
	  	B-1

 SCHEDULE 

Schedule A – Regulation AB Representations, Warranties and Covenants 

  
 ii 

 2012-B SUBI SERVICING SUPPLEMENT 

This 2012-B SUBI Servicing Supplement, dated as of October 24, 2012 (this “2012-B Servicing Supplement”), is among
Nissan-Infiniti LT, a Delaware statutory trust (the “Titling Trust”), NILT Trust, a Delaware statutory trust, as grantor and initial beneficiary of the Titling Trust (in such capacities, the “Grantor” and the
“UTI Beneficiary,” respectively), and Nissan Motor Acceptance Corporation, a California corporation (“NMAC”), as servicer (the “Servicer”). 

RECITALS 
 A.
The Grantor and the UTI Beneficiary, the Servicer, NILT, Inc., as trustee of the Titling Trust (the “Titling Trustee”), Wilmington Trust Company, a Delaware corporation with trust powers, as Delaware trustee (the “Delaware
Trustee”), and U.S. Bank National Association (“U.S. Bank”), as trust agent (the “Trust Agent”), have entered into the Amended and Restated Trust and Servicing Agreement, dated as of August 26, 1998
(the “Titling Trust Agreement”), pursuant to which the Titling Trust was created to, among other things, take assignments and conveyances of and hold in trust various assets (the “Trust Assets”); 

B. The parties hereto have entered into the Servicing Agreement, dated as of March 1, 1999 as amended by the First Amendment to the
Servicing Agreement, dated as of January 3, 2001 (the “Basic Servicing Agreement” and, as supplemented hereby, the “Servicing Agreement”), which provides for certain servicing obligations with respect to the
Trust Assets; and 
 C. The parties acknowledge that in connection with the execution of the 2012-B SUBI Supplement to the
Titling Trust Agreement, dated as of October 24, 2012 (the “2012-B SUBI Supplement”, and together with the Titling Trust Agreement, the “SUBI Trust Agreement”), pursuant to which a special unit of beneficial
interest in the Titling Trust (the “2012-B SUBI”) will be created, it is necessary and desirable to enter into a supplemental agreement to the Basic Servicing Agreement providing for specific servicing obligations in connection with
the Trust Assets allocable to the 2012-B SUBI. 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained,
and of other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE SEVEN 
 DEFINITIONS 

Section 7.01 Definitions. Capitalized terms used herein that are not otherwise defined shall have the respective meanings
ascribed thereto in the Agreement of Definitions, dated as of October 24, 2012, by and among Nissan Auto Lease Trust 2012-B, as issuer (the “Issuing Entity”), NILT Trust, as Grantor and UTI Beneficiary, the Titling Trust, NMAC,
in its individual capacity, as Servicer and as administrative agent (in such capacity, the “Administrative Agent”), Nissan Auto Leasing LLC II, a Delaware limited liability company (“NALL II”), the Titling Trustee,
the Delaware Trustee, Wilmington Trust, National Association, as owner trustee (in such capacity, the “Owner Trustee”), U.S. Bank, as Trust Agent, and U.S. Bank National Association, as indenture trustee (in such capacity, the
“Indenture Trustee”). 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 Section 7.02 Interpretative Provisions. For all purposes of this 2012-B
Servicing Supplement, except as otherwise expressly provided or unless the context otherwise requires, (i) terms used herein include, as appropriate, all genders and the plural as well as the singular, (ii) references to words such as
“herein,” “hereof” and the like shall refer to this 2012-B Servicing Supplement as a whole and not to any particular part, Article or Section within this 2012-B Servicing Supplement, (iii) references to an Article or Section
such as “Article Eight” or “Section 8.01” shall refer to the applicable Article or Section of this 2012-B Servicing Supplement, (iv) the term “include” and all variations thereof shall mean “include
without limitation,” (v) the term “or” shall include “and/or,” (vi) the term “proceeds” shall have the meaning ascribed to such term in the UCC, (vii) references to Persons include their permitted
successors and assigns, (viii) references to agreements and other contractual instruments include all subsequent amendments, amendments and restatements and supplements thereto or changes therein entered into in accordance with their respective
terms and not prohibited by this 2012-B Servicing Supplement, except that references to the SUBI Trust Agreement include only such items as related to the 2012-B SUBI and the Titling Trust, (ix) references to laws include their amendments and
supplements, the rules and regulations thereunder and any successors thereto, (x) references to this 2012-B Servicing Supplement include all Exhibits hereto, (xi) the phrase “Titling Trustee on behalf of the Trust,” or words of
similar import, shall, to the extent required to effectuate the appointment of any Co-Trustee pursuant to the Titling Trust Agreement, be deemed to refer to the Trustee (or such Co-Trustee) on behalf of the Titling Trust, and (xii) in the
computation of a period of time from a specified date to a later specified date, the word “from” shall mean “from and including” and the words “to” and “until” shall mean “to but excluding.”

 ARTICLE EIGHT 
 SERVICING OF THE 2012-B LEASES AND 2012-B VEHICLES 
 Section 8.01
Identification of 2012-B Leases and 2012-B Vehicles; Securitization Value. The Servicer hereby identifies as 2012-B SUBI Assets the Leased Vehicles and the Leases relating to such Leased Vehicles more particularly described in the Schedule of
2012-B Leases and 2012-B Vehicles (respectively, the “2012-B Vehicles” and the “2012-B Leases”). The Servicer shall calculate the Securitization Value for each 2012-B Lease as of the Cutoff Date. 

Section 8.02 Reallocation and Repurchase of 2012-B Leases and 2012-B Vehicles; Purchase of Matured Vehicles; Lease
Pull-Forwards. 
 (a) (i) If the Servicer grants a lease term extension with respect to any 2012-B Lease that extends the
lease term beyond the Note Final Scheduled Payment Date for the Class A-4 Notes (other than any lease term extension that is in accordance with the Servicer’s Customary Servicing Practices made after a default, breach, delinquency or event
permitting acceleration under the terms of the related 2012-B Lease shall have occurred or, in the judgment of the Servicer, is imminent), the Servicer shall, on the related Deposit Date, (A) deposit or cause to be deposited into the 2012-B
SUBI Collection Account an amount equal to the Repurchase 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 
Payment and (B) direct the Titling Trustee to either reallocate such 2012-B Lease and the related 2012-B Vehicle from the 2012-B SUBI to the UTI or an Other SUBI or cause such 2012-B Lease
and 2012-B Vehicle to be conveyed to the Servicer; and (ii) if a Lessee changes the domicile of or title to a 2012-B Vehicle and such change would result in the Titling Trust doing business in a Restricted Jurisdiction, the Servicer, on the
related Deposit Date, (A) shall deposit or cause to be deposited into the 2012-B SUBI Collection Account an amount equal to the Repurchase Payment, and (B) shall direct the Titling Trustee to either reallocate such 2012-B Lease and the
related 2012-B Vehicle from the 2012-B SUBI to an Other SUBI or the UTI or cause such 2012-B Lease and 2012-B Vehicle to be conveyed to the Servicer. 
 (b) The Servicer hereby makes to the other parties hereto and the parties to the SUBI Trust Agreement the representations and warranties contained in Section 2.06(a) of the Basic Servicing
Agreement as to each 2012-B Lease and 2012-B Vehicle as of the Vehicle Representation Date. The Servicer also hereby represents and warrants that (i) each 2012-B Lease is an 2012-B Eligible Lease, and (ii) it used no adverse selection
procedures in selecting any of the 2012-B Leases or any of the 2012-B Vehicles for allocation to the 2012-B SUBI. Upon discovery by the Titling Trustee, the Owner Trustee, the Indenture Trustee or the Depositor that any representation or warranty in
this Section 8.02(b) was incorrect as of the Cutoff Date in a manner that materially adversely affects the interest of the Securityholders in the related 2012-B Lease or 2012-B Vehicle, the entity discovering such incorrectness shall
give prompt written notice to the Servicer. Any such incorrectness will be deemed not to have a material and adverse effect if such incorrectness does not affect the ability of the Issuing Entity to receive and retain timely payments in full on such
2012-B Lease or 2012-B Leased Vehicle. If the Servicer does not cure in all material respects the circumstance or condition with respect to which the representation or warranty was incorrect as of the Cutoff Date prior to the end of the Collection
Period which includes the 60th day (or, if the Servicer elects, an earlier date) after the date that the Servicer discovers such incorrectness (whether pursuant to such notice or otherwise), then the Servicer shall (i) deposit (or cause to be
deposited) into the 2012-B SUBI Collection Account an amount equal to the Repurchase Payment on the Deposit Date following the end of such Collection Period, and (ii) direct the Titling Trustee to either reallocate such 2012-B Lease and the
related 2012-B Vehicle from the 2012-B SUBI to an Other SUBI or the UTI or cause such 2012-B Lease and 2012-B Vehicle to be conveyed to the Servicer on the Deposit Date. 
 (c) Immediately prior to the sale or disposition of a Matured Vehicle or a Defaulted Vehicle, the Servicer may reallocate such Matured Vehicle or Defaulted Vehicle from the 2012-B SUBI to the UTI for
purposes of implementing NMAC’s like kind exchange program. In connection with such reallocation, NILT Trust, as the UTI Beneficiary, will cause to be deposited into the 2012-B SUBI Collection Account the Reallocation Payments no later than two
Business Days after such reallocation, or, if the Monthly Remittance Condition is met, the Servicer shall be permitted to retain the Reallocation Payments received during a Collection Period until such amounts are required to be disbursed as set
forth in Section 8.03(c). Upon receipt of the Reallocation Payments, the 2012-B SUBI shall have no claim against or interest in such Matured or Defaulted Vehicle. 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 (d) In connection with the purchase by the Servicer of a Matured Vehicle relating to a
2012-B Lease pursuant to Section 2.06(f) of the Basic Servicing Agreement, if (i) no Sales Proceeds Advance has been made, the purchase price of such Matured Vehicle will equal the Securitization Value of such 2012-B Lease as of the
date of expiration and (ii) a Sales Proceeds Advance has been made, (A) the purchase price will equal the amount of the Sales Proceeds Advance, (B) no additional amounts need be remitted by the Servicer, and (C) the Servicer
shall be deemed to have been reimbursed for such Sales Proceeds Advance. 
 (e) If any 2012-B Lease and the related 2012-B
Vehicle are reallocated to the UTI, until such time thereafter, if ever, as such Lease and Leased Vehicle are allocated to an Other SUBI, the Servicer shall indemnify, defend and hold harmless the Related Beneficiaries, the Issuing Entity and the
Titling Trust from and against any and all loss or liability with respect to or resulting from such 2012-B Lease or 2012-B Vehicle (including the reasonable fees and expenses of counsel) except the Servicer shall not be liable for or required to
indemnify the Related Beneficiaries, the Issuing Entity and the Titling Trust from and against any and all special, indirect, consequential or punitive losses or liabilities. 
 (f) If the Servicer permits a Lease Pull-Forward, all Pull-Forward Payments due and payable by the Lessee under the Lease will be paid and deposited in the SUBI Collection Account within the time period
required for the Servicer to deposit collections into the SUBI Collection Account; provided that, if the Servicer waives the Pull-Forward Payment (or any portion thereof) payable by the Lessee during any Collection Period, the Servicer will
be required to deposit the waived amount of the Pull-Forward Payment into the SUBI Collection Account by the next Deposit Date related to such Collection Period. 
 Section 8.03 Collections and Payment Date Advance Reimbursement. 
 (a)
The Servicer shall, with respect to SUBI Collections and amounts in respect of the 2012-B SUBI Certificate, from time to time, determine the respective amounts and recipients and: 

(i) during each Collection Period, in addition to the deposits required by Section 2.07 of the Basic Servicing
Agreement, deposit into the 2012-B SUBI Collection Account all Repurchase Payments pursuant to Section 8.02(a) and Section 8.02(b), and any Reallocation Payments pursuant to Section 8.02(c); 

(ii) on, or prior to each Deposit Date, deposit into the 2012-B SUBI Collection Account all Advances, any Residual Value
Surplus from the sale of a Matured Vehicle for which the Servicer made a Sales Proceeds Advance and any Net Auction Proceeds from the disposition of a Matured Vehicle at auction for which the Servicer was reimbursed during the related Collection
Period pursuant to Section 8.06; and 
 (iii) on each Payment Date, pursuant to the related Payment
Date Certificate, allocate Available Funds on deposit in the 2012-B SUBI Collection Account with respect to the related Collection Period and instruct the Indenture Trustee to make, no later than 11:00 a.m., New York City time, or such other time as
may be agreed to by the applicable parties, the following deposits and distributions in the following amounts and order of priority: 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 (A) to the Servicer the sum of outstanding (1) Sales Proceeds Advances
(x) in respect of 2012-B Vehicles that were sold during the related Collection Period (other than a sale to the Servicer pursuant to Section 8.02(d)(ii)), and (y) that have been outstanding as of the end of that Collection
Period for at least 90 days and (2) Monthly Payment Advances as to which the related Lessee has made all or a portion of the advanced Monthly Payment or that have been outstanding as of the end of the Collection Period for at least 90 days
(collectively, the “Payment Date Advance Reimbursement”); 
 (B) to or on behalf of the
Servicer, the Servicing Fee in respect of the related Collection Period, together with any unpaid Servicing Fees in respect of one or more prior Collection Periods; and 

(C) to the Note Distribution Account, the Reserve Account and Certificate Distribution Account, as applicable, such
distributions in the amounts and order of priority as set forth in Sections 8.04(a), 8.04(b) and 10.01 of the Indenture. 
 (b) Notwithstanding Section 2.07 of the Basic Servicing Agreement, the Servicer shall remit into the SUBI Collection Account the amounts provided for in such Section received during a
Collection Period, by (subject to Section 8.03(c)) the close of business on the second Business Day after identification. 
 (c) Notwithstanding Section 8.02(c) or 8.03(b) hereof, the Servicer shall be permitted to retain the amounts provided for in such subsections received during a Collection Period until
the Business Day preceding the Payment Date on which such amounts are required to be disbursed (or such other date as provided in the Public ABS Transaction referred to below), for so long as no Servicer Default has occurred and is continuing, and
the following requirements are met (collectively, the “Monthly Remittance Condition”): 
 (i)
(A) NMAC (or its successors pursuant to Section 5.03(b) of the Basic Servicing Agreement) is the Servicer, and (B) NMAC’s short-term unsecured debt obligations are rated at least “Prime-1” by Moody’s and
“F-1” by Fitch (in each case, so long as Moody’s or Fitch is a Rating Agency); 
 (ii) the
Servicer obtains a Servicer Letter of Credit or certain other arrangements are made and the Rating Agency Condition is satisfied; 
 (iii) the Servicer otherwise satisfies each Rating Agency’s requirements; or 
 (iv) if the Outstanding Amount of the Notes is reduced to zero and 100% of the outstanding Trust Certificates are owned by the Trust, the Depositor, the Servicer (so long as NMAC or an Affiliate is the
Servicer) and their respective Affiliates. 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 Pending deposit into the 2012-B SUBI Collection Account, SUBI Collections may be employed by
the Servicer at its own risk and for its own benefit and shall not be segregated from its own funds. Notwithstanding anything herein to the contrary, if a subsequent Public ABS Transaction calls for changes in making monthly deposits to the related
collection account, then, if the Rating Agency Condition is satisfied, the Servicer will no longer be bound by the Monthly Remittance Condition hereunder, and will instead be subject to the conditions to making monthly deposits as required by the
subsequent Public ABS Transaction. 
 (d) Notwithstanding Sections 2.07(a) and 2.11(a) of the Basic Servicing
Agreement, the Servicer shall use commercially reasonable efforts in accordance with its Customary Servicing Practices to (i) collect all payments required under each Lease and (ii) cause each Lessee to make all payments required under its
Lease, accompanied by an invoice, payment coupon or electronic funds transfer notice bearing the lease number to which such payment relates. 
 Section 8.04 Net Deposits. Notwithstanding anything to the contrary contained in this 2012-B Servicing Supplement, NMAC (as Servicer or in any other capacity) shall be permitted to deposit
into the 2012-B SUBI Collection Account only the net amount distributable to the Issuing Entity, as holder of the 2012-B SUBI Certificate on the related Deposit Date and may pay the Optional Purchase Price pursuant to Section 9.03 of the
Trust Agreement net of amounts to be distributed to the Servicer or its Affiliates. The Servicer shall, however, account to the Issuing Entity, the Titling Trustee, the Trust Agent, the Indenture Trustee (or any successor to the duties of the
Indenture Trustee), the Owner Trustee and the Holders of the Securities as if all of the deposits and distributions described herein were made individually. 
 Section 8.05 Servicing Compensation. 
 (a) As compensation for the
performance of its obligations under the Servicing Agreement, the Servicer shall be entitled to receive the Servicing Fee. 
 (b)
The Servicer shall also be entitled to additional servicing compensation with respect to the 2012-B SUBI Assets in the form of (i) interest and earnings on investment of funds in the 2012-B SUBI Trust Accounts, provided that any losses and
investment expenses shall be charged against the funds on deposit in the applicable 2012-B SUBI Trust Account, and (ii) Administrative Charges to the extent not required for the payment of insurance premiums, taxes, or similar charges allocable
to the 2012-B Leases; provided, however, that the Servicer may in its sole discretion waive any Administrative Charges, in whole or in part, in connection with any delinquent payments due on a Lease. 

Section 8.06 Advances. 
 (a) If during a Collection Period a Lessee makes a Lessee Partial Monthly Payment, the Servicer shall make, by deposit into the 2012-B SUBI Collection Account on the related Deposit Date, a Monthly
Payment Advance, unless such Advance is not required to be made pursuant to Section 8.06(c). 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 (b) On each Deposit Date, the Servicer shall make, by deposit into the 2012-B SUBI
Collection Account, Sales Proceeds Advances, unless such Advance is not required to be made pursuant to Section 8.06(c). After the Servicer has made a Sales Proceeds Advance with respect to a Matured Vehicle, the Issuing Entity shall
have no claim against or interest in such Matured Vehicle or any Net Auction Proceeds resulting from the sale or other disposition thereof, except with respect to any related Residual Value Surplus. If the Servicer shall sell or otherwise dispose of
a Matured Vehicle after having made a Sales Proceeds Advance, the Issuing Entity may retain all of such Sales Proceeds Advance, and the Servicer shall retain the related Net Auction Proceeds up to the Securitization Value of the related 2012-B
Lease, and shall deposit the Residual Value Surplus, if any, into the 2012-B SUBI Collection Account. If the Net Auction Proceeds are less than the Securitization Value of the related 2012-B Lease, the Servicer may deduct the difference from SUBI
Collections in respect of one or more future Collection Periods and retain such amount as reimbursement for the outstanding portion of the related Sales Proceeds Advance. If the Servicer has not sold a Matured Vehicle within six calendar months
after it has made a Sales Proceeds Advance, it shall be reimbursed for such Sales Proceeds Advance from the 2012-B SUBI Collection Account. Within six months of receiving such reimbursement, if the related 2012-B Vehicle has not been sold, the
Servicer shall, if permitted by applicable law, cause such 2012-B Vehicle to be sold at auction and shall remit the proceeds (less Disposition Expenses and Liquidation Expenses) associated with such auction sale to the 2012-B SUBI Collection
Account. 
 (c) Notwithstanding anything to the contrary in the Servicing Agreement, the Servicer shall be required to make an
Advance only to the extent that it determines that such Advance will be recoverable from future payments on or in respect of the related 2012-B Lease or 2012-B Vehicle. 
 Section 8.07 Third Party Claims. In addition to the requirements set forth in Section 2.14 of the Basic Servicing Agreement, the Servicer shall immediately notify the Depositor (in
the event that NMAC is not acting as Servicer) and the Indenture Trustee (or any successor to the duties of the Indenture Trustee) upon learning of a claim or Lien of whatever kind of a third party that would materially and adversely affect the
interests of the Depositor or the Issuing Entity with respect to the 2012-B SUBI Assets. 
 Section 8.08 Contingent and
Excess Liability Insurance Policy. So long as any Securities are outstanding, the Servicer shall maintain and pay when due all premiums with respect to, and the Servicer may not terminate or cause the termination of, the Contingent and Excess
Liability Insurance Policy unless (i) a replacement Insurance Policy is obtained that provides coverage against third party claims that may be raised against the Titling Trust, the Titling Trustee on behalf of the Titling Trust or the Issuing
Entity in an amount at least equal to $1 million combined single limit per occurrence and excess coverage of at least $15 million combined single limit each occurrence and in the aggregate, without limit on the number of occurrences in any policy
period (which Insurance Policy may be a blanket Insurance Policy covering the Servicer and one or more of its Affiliates) and (ii) each Rating Agency receives prior written notice of such termination and any replacement insurance policy. The
obligations of the Servicer pursuant to this Section shall survive any termination of the Servicer’s other obligations under the Servicing Agreement until such time as claims can no longer be brought that would be covered by such Insurance
Policies, whether as a result of the expiration of 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 
relevant statutes of limitations or otherwise. Notwithstanding the foregoing, the Servicer shall only be required to maintain the Contingent and Excess Liability Insurance Policy that is required
to be maintained by the Servicer in the most recent Public ABS Transaction; provided, that if no such Contingent and Excess Liability Insurance Policy is required to be maintained in the most recent Public ABS Transaction, then no such
Contingent and Excess Liability Insurance Policy shall be required hereunder. 
 Section 8.09
Reporting by the Servicer; Delivery of Certain Documentation. On the tenth calendar day of each month (or, if the
10th day is not a Business Day, the next succeeding
Business Day), the Servicer shall furnish to the Titling Trustee and each Related Beneficiary a Settlement Statement, substantially in the form as set forth in Exhibit A hereto for the immediately preceding Collection Period. 

Section 8.10 Accountants’ Attestation. So long as the Depositor is filing the attestation report with respect to the
Issuing Entity under the Exchange Act, on or before the last day of the third month after the end of each fiscal year of the Servicer, beginning with June 30, 2013, the Servicer shall cause a firm of independent certified public accountants to
furnish an attestation report to the Issuing Entity, Indenture Trustee and each Rating Agency as to the Servicer’s Assessment Report of its compliance with the applicable servicing criteria set forth under Item 1122 of Regulation AB during
the Servicer’s preceding fiscal year (or since the date of the issuance of the Notes in the case of the first such statement), which shall be deemed furnished upon filing such report with the Commission. The form of attestation report may be
deleted or replaced by any similar form using any standards that are now or in the future in use by servicers of comparable assets or which otherwise comply with any note, regulation, “no action” letter or similar guidelines promulgated by
the Commission. 
 Section 8.11 Servicer’s Assessment Report; Annual Servicer’s Compliance Statement;
Officer’s Certificate; Administrative Agent Compensation. 
 (a) The Servicer shall deliver to the Owner Trustee, the
Indenture Trustee and each of the Rating Agencies, which shall be deemed to be delivered upon filing such report with the Commission, on or before the last day of the third month after the end of each fiscal year of the Servicer, beginning with
June 30, 2013, a report assessing the Servicer’s compliance with the servicing criteria set forth in the relevant SEC regulations for asset-backed securities transactions, including Item 1122 of Regulation AB, as of and for the period
ending the end of each fiscal year of the Issuing Entity (the “Servicer’s Assessment Report”) and such Servicer’s Assessment Report will identify any material instance of noncompliance, so long as the Depositor is filing
the Servicer’s Assessment Report with respect to the Issuing Entity under the Exchange Act. The form of Servicer’s Assessment Report may be deleted or replaced by any similar form using any standards that are now or in the future in use by
servicers of comparable assets or which otherwise comply with any rule, regulation, “no action” letter or similar guidelines promulgated by the Commission. 
 (b) The Servicer shall also deliver to the Owner Trustee, the Indenture Trustee and each of the Rating Agencies, on or before the last day of the third month after the end of each fiscal year of the
Servicer, beginning with June 30, 2013, an Officer’s Certificate with respect to the prior fiscal year of the Servicer ended such calendar year (or with respect to the 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 
initial Officer’s Certificate, the period from the date of the initial issuance of the Notes to March 31, 2013), stating that (i) a review of the activities of the Servicer during
the preceding 12-month (or shorter) period and of its performance under this Agreement has been made under such officer’s supervision and (ii) to the best of such officer’s knowledge, based on such review, the Servicer has fulfilled
all its obligations under this Agreement throughout such twelve-month (or shorter) period in all material respects, or, if there has been a failure to fulfill any such obligation, specifying each such failure known to such officer and the nature and
status thereof. Copies of such statements, certificates and reports may be obtained by the Noteholders or the Trust Certificateholder by a request in writing addressed to the Indenture Trustee or the Owner Trustee. 

(c) On or before the last day of the third month after the end of each fiscal year of the Servicer, beginning with June 30, 2013, for
as long as NMAC continues to act as the Servicer, the Servicer shall deliver an Officer’s Certificate substantially in the form of Exhibit B with respect to the Employee Benefit Plans to each Rating Agency, the Owner Trustee and the
Indenture Trustee. 
 (d) The Servicer shall pay the Administrative Agent a monthly payment of compensation in an amount to be
agreed to between the Administrative Agent and the Servicer pursuant to Section 1.04 of the Trust Administration Agreement. 
 Section 8.12 Servicer Defaults; Termination of Servicer. 
 (a) Each of
the following acts or occurrences constitutes a “Servicer Default” under the Servicing Agreement with respect to the 2012-B SUBIs: 
 (i) the Servicer fails to deliver, or cause to be delivered, any required payment to the Indenture Trustee for distribution to the Noteholders or to the Owner Trustee for distribution to the Trust
Certificateholders, which failure continues for five Business Days after discovery of such failure by an officer of the Servicer or receipt by the Servicer of written notice thereof from the Indenture Trustee, or Noteholders or Trust
Certificateholders, as applicable, evidencing at least a Majority Interest in the applicable Securities (which for this purpose includes Trust Certificates held by the Issuing Entity, the Depositor, the Servicer (so long as NMAC or an Affiliate is
the Servicer) and their respective Affiliates), voting together as a single class; provided, however, that a failure under this clause (i) that continues unremedied for a period of ten Business Days or less will not constitute a
Servicer Default if such failure was caused by a force majeure or other similar occurrence, 
 (ii) the Servicer
fails to duly observe or perform in any material respect any of its covenants or agreements in the Servicing Agreement not otherwise covered in this Section 8.12(a), which failure materially and adversely affects the rights of a Holder
of the 2012-B SUBI Certificate, the Noteholders or Trust Certificateholders, as applicable, and which continues unremedied for 60 days (or for such longer period not in excess of 90 days as may be reasonably necessary to remedy such failure;
provided that (A) such failure is capable of remedy within 90 days or less and (B) a Majority Interest in the applicable Securities consents to such longer cure period) after receipt by the Servicer of

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 
written notice thereof from the Indenture Trustee or the related holders evidencing at least a Majority Interest in the applicable Securities or such default becomes known to the Servicer;
provided, however, that a failure under this clause (ii) that continues unremedied for a period of 150 days or less will not constitute a Servicer Default if such failure was caused by a force majeure or other similar occurrence,

 (iii) any representation, warranty, or statement of the Servicer made in the Servicing Agreement, any other
Basic Document to which the Servicer is a party or by which it is bound or any certificate, report or other writing delivered pursuant to the Servicing Agreement that proves to be incorrect in any material respect when made, which failure materially
and adversely affects the rights of a Holder of the 2012-B SUBI Certificate or the holders of the Notes, or the Trust Certificateholders, continues unremedied for 60 days (or for such longer period not in excess of 90 days as may be reasonably
necessary to remedy such failure; provided that (A) such failure is capable of remedy within 90 days or less and (B) a Majority Interest in the applicable Securities consents to such longer cure period) after receipt by the Servicer
of written notice thereof from the Titling Trustee or the related holders evidencing a Majority Interest in the applicable Securities, or such default becomes known to the Servicer; provided, however, that a failure under this clause
(iii) that continues unremedied for a period of 150 days or less will not constitute a Servicer Default if such failure was caused by a force majeure or other similar occurrence, or 

(iv)(A) the existence of any Proceeding in, or the entry of a decree or order for relief by, a court or regulatory
authority having jurisdiction over the Servicer in an involuntary case under the federal bankruptcy laws, as now or hereafter in effect, (B) the appointment of a receiver, liquidator, assignee, trustee, custodian, sequestrator, or other similar
official with respect to the Servicer or of any substantial part of its property or (C) the ordering of the winding up or liquidation of the affairs of the Servicer, and in each case, the continuance of any such Proceeding unstayed and in
effect for a period of 90 consecutive days, or immediately upon entry of any decree or order; or 
 (v) the
Servicer (A) applies for or consents to the appointment of, or the taking of possession by, a receiver, custodian, trustee, or liquidator of itself or of all or a substantial part of its property, (B) is generally unable to pay its debts
as they become due, (C) makes a general assignment for the benefit of creditors, (D) commences a voluntary case under the federal bankruptcy laws (E) is adjudicated to be bankrupt or insolvent, (F) files a petition seeking to
take advantage of any other law providing for the relief of debtors, or (G) takes any corporate action for the purpose of effecting any of the foregoing, and in each case, the continuance of any such event remains unstayed and in effect for a
period of 90 consecutive days; 
 provided, however, that notwithstanding any other provision of the Servicing Agreement,
(i) for the purpose of determining what constitutes a Servicer Default with respect to the 2012-B SUBI, the provisions contained in this Section 8.12(a) shall replace in their entirety the provisions contained in
Section 4.01(a) of the Basic Servicing Agreement and (ii) any Servicer Default with respect to the 2012-B SUBI shall not constitute a Servicing Default with respect to any other Sub-Trust and any Servicing Default (as such term is
defined in the Basic Servicing Agreement) with respect to any other Sub-Trust shall constitute a Servicer Default (as such term is defined in the Basic Servicing Agreement) only with respect to such Sub-Trust and not with respect to the 2012-B SUBI.

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 (b) Upon the occurrence of any Servicer Default, the Servicer, in addition to complying with
the notice requirements of Section 4.01(b) of the Basic Servicing Agreement (except that references therein to Registered Pledgees shall mean each Registered Pledgee of the 2012-B SUBI Certificate), shall provide to the Indenture Trustee
and the Owner Trustee prompt notice of any (i) Servicer Default or (ii) event or condition that, with the giving of notice or the passage of time, or both, would become a Servicer Default, accompanied in each case by a description of the
nature of the default and the Servicer’s efforts to remedy the same. 
 (c) In addition to the provisions of
Section 4.01(c) of the Basic Servicing Agreement, if a Servicer Default shall have occurred and is continuing with respect to the 2012-B SUBI, the Titling Trustee, on behalf of the Titling Trust, shall, at the direction of the Required
Related Holders, by notice given to the Servicer, the Administrative Agent (and the Administrative Agent will provide each Rating Agency with notice thereof pursuant to Section 1.02(k) of the Trust Administration Agreement), the Related
Beneficiary and the holders of the Rated Securities affected by that Servicer Default, and such notice will terminate the rights and obligations of the Servicer under this 2012-B Servicing Supplement in accordance with such Section. In the event
that the Servicer is removed as servicer with respect to servicing the 2012-B SUBI Assets, subject to the consent of the Titling Trustee, the Required Related Holders shall appoint a successor Servicer. The successor Servicer shall accept its
appointment by a written assumption in a form acceptable to the Titling Trustee. Such successor Servicer shall be approved by the Titling Trustee, such approval not to be unreasonably withheld. Notwithstanding the provisions of
Section 4.01(e) of the Basic Servicing Agreement, with respect to any Servicer Default related to the 2012-B SUBI Assets, the Titling Trustee, acting on the direction of the Required Related Holders, may waive any default of the Servicer
in the performance of its obligations under the Servicing Agreement and its consequences with respect to the 2012-B SUBI and, upon any such waiver, such default shall cease to exist and any Servicer Default arising therefrom shall be deemed to have
been remedied for every purpose of the Servicing Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereto. For purposes of this Section, so long as the Lien of the Indenture is in place, the
Required Related Holders shall be deemed to be the Indenture Trustee (as Registered Pledgee of the 2012-B SUBI Certificate), acting at the direction of the Required Percentage of the Noteholders and thereafter, the Owner Trustee, acting at the
direction of the Required Percentage of the Trust Certificateholders (which for this purpose shall include Trust Certificates owned by the Issuing Entity, the Depositor, the Servicer (so long as NMAC or an Affiliate is the Servicer) and any of their
respective Affiliates) until the Certificate Balance has been reduced to zero. 
 (d) If the Servicer is removed with respect to
servicing the 2012-B SUBI Assets, the Servicer shall be entitled to reimbursement for any outstanding Advances made pursuant to this 2012-B Servicing Supplement, to the extent of the funds available therefor with respect to all Advances made by the
Servicer. 

  

			
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	  	(NALT 2012-B SUBI Servicing Supplement)

 Section 8.13 Servicer Representations and Warranties. Effective as of the date
hereof, the Servicer hereby reaffirms the representations and warranties set forth in Section 2.06(a) and Section 5.01 of the Basic Servicing Agreement, except that references to “this Agreement” shall be deemed to
refer to the Servicing Agreement, as such term is defined herein. 
 Section 8.14 Compliance with Regulation AB. The
Servicer agrees to perform all duties and obligations applicable to or required of the Issuing Entity set forth in Schedule A attached hereto and made a part hereof in all respects and makes the representations and warranties therein applicable to
it. 
 Section 8.15 Possession of Lease Documents. Notwithstanding anything to the contrary in
Section 2.03 of the Basic Servicing Agreement, the Servicer or its designee may hold the Lease Documents at locations in the continental United States. The Servicer will furnish to the Administrative Agent, as soon as practicable after
receiving a request therefor, a list of all locations where Lease Documents are kept. 
 Section 8.16 Option to Purchase
the 2012-B SUBI Certificate. The Servicer shall be a third party beneficiary of its option to purchase, or cause to be purchased, the 2012-B SUBI Certificate from the Issuing Entity in accordance with Section 9.03 of the Trust
Agreement. 
 ARTICLE NINE 
 MISCELLANEOUS 
 Section 9.01 Termination of Servicing Supplement. This
2012-B Servicing Supplement shall terminate upon the earlier to occur of (i) the termination of the 2012-B SUBI or (ii) with respect to the Servicer, but not as to the applicable successor Servicer, the resignation or removal of the
Servicer with respect to the 2012-B SUBI in accordance with the terms of the Servicing Agreement. Any such termination hereunder shall effect a termination only with respect to the 2012-B SUBI Assets and not as to Trust Assets allocated to any other
Sub-Trust, and shall not effect a termination of the Basic Servicing Agreement or any other supplement to the Basic Servicing Agreement. 
 Section 9.02 Governing Law. This 2012-B Servicing Supplement shall be governed by and construed in accordance with the internal laws of the State of California, without regard to any
otherwise applicable principles of conflict of laws. 
 Section 9.03 Amendment. 

(a) Notwithstanding any provision of the Basic Servicing Agreement, the Basic Servicing Agreement, as supplemented by this 2012-B
Servicing Supplement, to the extent that it relates solely to the 2012-B SUBI and the 2012-B SUBI Assets, may be amended in accordance with this Section 9.03. 
 (b) Any term or provision of this 2012-B Servicing Supplement may be amended by the parties hereto, without the consent of any other Person; provided that (i) either (A) any amendment
that materially and adversely affects the Noteholders shall require the consent of Noteholders evidencing not less than a Majority Interest of the Notes voting together 

  

			
	 12
	  	(NALT 2012-B SUBI Servicing Supplement)

 
as a single class or (B) such amendment shall not materially and adversely affect the Noteholders, and (ii) any amendment that materially and adversely affects the interests of the
Trust Certificateholder, Titling Trustee, the Delaware Trustee, the Indenture Trustee or the Owner Trustee shall require the prior written consent of the Persons whose interests are adversely affected; provided, further that an opinion
of counsel is delivered to the Titling Trustee to the effect that after such amendment, for federal income tax purposes, the Titling Trust will not be treated as an association (or a publicly traded partnership) taxable as a corporation and Notes
will properly be characterized as indebtedness that is secured by the assets of the Issuing Entity. An amendment shall be deemed not to materially and adversely affect the Noteholders if (i) the Rating Agency Condition is satisfied with respect
to such amendment, or (ii) the Servicer delivers an Officer’s Certificate to the Indenture Trustee stating that such amendment shall not materially and adversely affect the Noteholders. The consent of the Trust Certificateholder, the
Delaware Trustee or the Owner Trustee shall be deemed to have been given if the Servicer does not receive a written objection from such Person within 10 Business Days after a written request for such consent shall have been given. The Titling
Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment that affects the Titling Trustee’s or the Indenture Trustee’s own rights, duties, liabilities or immunities under this Agreement or
otherwise. 
 (c) Notwithstanding the foregoing, no amendment shall (i) reduce the interest rate or principal amount of any
Note, or change the due date of any installment of principal of or interest in any Note, or the Redemption Price with respect thereto, without the consent of the Holder of such Note or (ii) reduce the Outstanding Amount, the Holders of which
are required to consent to any matter without the consent of the Holders of at least a Majority Interest of the Notes which were required to consent to such matter before giving effect to such. 

(d) Notwithstanding anything herein to the contrary, any term or provision of this 2012-B Servicing Supplement may be amended by the
parties hereto without the consent of any of the Noteholders or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to comply with or obtain more favorable treatment under or with respect to any law
or regulation or any accounting rule or principle (whether now or in the future in effect); it being a condition to any such amendment that (i) the Rating Agency Condition shall have been satisfied, or (ii) the Officer’s Certificate
described in Section 9.03(b) is delivered to the Indenture Trustee. 
 (e) It shall not be necessary for the consent
of any Person pursuant to this Section for such Person to approve the particular form of any proposed amendment, but it shall be sufficient if such Person consents to the substance thereof. 

(f) Prior to the execution of any amendment to this 2012-B SUBI Servicing Supplement, the Servicer shall provide each Rating Agency, the
Trust Certificateholder, the Depositor, the Owner Trustee and the Indenture Trustee with written notice of the substance of such amendment. No later than 10 Business Days after the execution of any amendment to this 2012-B SUBI Servicing Supplement,
the Servicer shall furnish a copy of such amendment to each Rating Agency, the Trust Certificateholder, Titling Trustee, the Delaware Trustee, the Indenture Trustee and the Owner Trustee. 

  

			
	 13
	  	(NALT 2012-B SUBI Servicing Supplement)

 (g) None of U.S. Bank, as trustee of NILT Trust, NILT, Inc., nor the Indenture Trustee shall
be under any obligation to ascertain whether a Rating Agency Condition has been satisfied with respect to any amendment. When the Rating Agency Condition is satisfied with respect to such amendment, the Servicer shall deliver to a Responsible
Officer of U.S. Bank, NILT, Inc. and the Indenture Trustee an Officer’s Certificate to that effect, and U.S. Bank. NILT, Inc. and the Indenture Trustee may conclusively rely upon the Officer’s Certificate from the Servicer that a Rating
Agency Condition has been satisfied with respect to such amendment. 
 Section 9.04 Relationship of this 2012-B
Servicing Supplement to Other Trust Documents. Unless the context otherwise requires, this 2012-B Servicing Supplement and the other Trust Documents shall be interpreted so as to give full effect to all provisions hereof and thereof. In the
event of any actual conflict between the provisions of this 2012-B Servicing Supplement and (i) the Titling Trust Agreement, with respect to the servicing of any Trust Assets, the provisions of this 2012-B Servicing Supplement shall prevail and
(ii) the Basic Servicing Agreement, the provisions of this 2012-B Servicing Supplement shall control. 
 Section 9.05
Binding Effect. The provisions of this 2012-B Servicing Supplement shall be binding upon and inure to the benefit of the parties hereto and their permitted successors and assigns, and all such provisions shall inure to the benefit of the
Owner Trustee on behalf of the Issuing Entity. 
 Section 9.06 Table of Contents and Headings. The Table of Contents
and Article and Section headings herein are for convenience of reference only and shall not define or limit any of the terms or provisions hereof. 
 Section 9.07 Counterparts. This 2012-B Servicing Supplement may be executed in any number of counterparts, each of which so executed and delivered shall be deemed to be an original, but all of
which counterparts shall together constitute but one and the same instrument. 
 Section 9.08 Further Assurances.
Each party will do such acts, and execute and deliver to any other party such additional documents or instruments, as may be reasonably requested in order to effect the purposes of this 2012-B Servicing Supplement and to better assure and confirm
unto the requesting party its rights, powers, and remedies hereunder. 
 Section 9.09 Third-Party Beneficiaries. The
Issuing Entity, each Holder of the 2012-B SUBI, each Related Beneficiary, and each Registered Pledgee shall be third-party beneficiaries of the Servicing Agreement. Except as otherwise provided in the Servicing Agreement, no other Person shall have
any rights hereunder. For purposes of the Servicing Agreement, this Section replaces Section 6.12 of the Basic Servicing Agreement in its entirety. 
 Section 9.10 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any party hereto, any right, remedy, power, or privilege hereunder shall operate
as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power, or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power, or privilege. The rights, remedies,
powers, and privileges herein provided are cumulative and not exhaustive of any rights, remedies, powers, and privileges provided at law, in equity or otherwise. 

  

			
	 14
	  	(NALT 2012-B SUBI Servicing Supplement)

 Section 9.11 No Petition. Each of the parties hereto, by entering into this
2012-B Servicing Supplement, in addition to provisions of Section 6.14 of the Basic Servicing Agreement, hereby covenants and agrees that prior to the date that is one year and one day after the date upon which all obligations under each
Securitized Financing have been paid in full, it will not institute against, or join any other Person in instituting against the Grantor, the Depositor, the Titling Trustee, the Titling Trust, the Issuing Entity, any other Special Purpose Affiliate
or any Beneficiary, any bankruptcy, reorganization, arrangement, insolvency or liquidation Proceeding or other Proceeding under any federal or state bankruptcy or similar law. This Section shall survive the complete or partial termination of this
2012-B Servicing Supplement and the complete or partial resignation or removal of the Servicer under the SUBI Trust Agreement, the Basic Servicing Agreement or this 2012-B Servicing Supplement. 

Section 9.12 No Recourse. 
 (a) It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by U.S. Bank, not individually or personally, but solely as trustee of NILT Trust, in
the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings, and agreements herein made on the part of NILT Trust, is made and intended not as personal representations, undertakings, and
agreements by U.S. Bank, but is made and intended for the purpose of binding only NILT Trust, (iii) nothing herein contained shall be construed as creating any liability on U.S. Bank, individually or personally, to perform any covenant, either
expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, and (iv) under no circumstances shall U.S. Bank be personally
liable for the payment of any indebtedness or expenses of NILT Trust under this Agreement or any other related documents. 
 (b)
It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by NILT, Inc., not individually or personally, but solely as Titling Trustee of Nissan-Infiniti LT, in the exercise of the powers and
authority conferred and vested in it, (ii) each of the representations, undertakings, and agreements herein made on the part of Nissan-Infiniti LT, is made and intended not as personal representations, undertakings, and agreements by NILT,
Inc., but is made and intended for the purpose of binding only Nissan-Infiniti LT, (iii) nothing herein contained shall be construed as creating any liability on NILT, Inc., individually or personally, to perform any covenant, either expressed
or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, and (iv) under no circumstances shall NILT, Inc. be personally liable for
the payment of any indebtedness or expenses of Nissan-Infiniti LT under this Agreement or any other related documents. 

Section 9.13 Notices. The notice provisions of Section 6.05 of the Basic Servicing Agreement shall apply equally
to this 2012-B Servicing Supplement. A copy of each notice or other writing required to be delivered to the Servicer pursuant to the Servicing Agreement also shall be in writing and, unless otherwise expressly provided herein, shall be deemed to
have been 

  

			
	 15
	  	(NALT 2012-B SUBI Servicing Supplement)

 
duly given or made when delivered by hand or, in the case of mail, email (if an email address is provided) or facsimile notice, when actually received by the intended recipient, addressed to the
party to be notified, and sent to (i) the Owner Trustee at Wilmington Trust, National Association, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890 (telecopier no. (302) 636-4140), Attention: Corporate Trust
Administration; (ii) the Servicer at One Nissan Way, Franklin, Tennessee 37067 (telecopier no. (615) 725-8530) (email: doug.gwin@Nissan-USA.com), Attention: Treasurer; (iii) the Trust Agent at 190 South LaSalle Street, 7th Floor,
Chicago, Illinois 60603, Attention: NILT, Inc. (telecopier no. (312) 332-7996) (email: patricia.child@usbank.com); or (iv) at such other address as shall be designated by any of the foregoing in written notice to the other parties hereto;
provided, however, any demand, notice or communication to be delivered pursuant to the Servicing Agreement to any Rating Agency shall be deemed to be delivered if a copy of such demand, notice or communication has been posted on any
web site maintained by NMAC pursuant to a commitment to any Rating Agency relating to the Notes in accordance with 17 C.F.R. 240 17g-5(a)(3). 
 [Signature Pages to Follow] 

  

			
	 16
	  	(NALT 2012-B SUBI Servicing Supplement)

 IN WITNESS WHEREOF, the parties hereto have caused this 2012-B Servicing Supplement to be
duly executed by their respective officers duly authorized as of the day and year first above written. 
  

			
	NISSAN-INFINITI LT,
	as Titling Trust
		
	By:	 	NILT, INC.,
		 	as Titling Trustee
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	 NILT TRUST,

as Grantor and UTI Beneficiary

		
	By:	 	U.S. BANK NATIONAL ASSOCIATION,
		 	as Trustee
		
	By:	 	 
	Name:	 	
	Title:	 	
	
	NISSAN MOTOR ACCEPTANCE CORPORATION, as Servicer
		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	 S-1
	  	(NALT 2012-B SUBI Servicing Supplement)

 EXHIBIT A 
 FORM OF SETTLEMENT STATEMENT 
 (See Attached) 

  

			
	 A-1
	  	(NALT 2012-B SUBI Servicing Supplement)

 EXHIBIT B 
 FORM OF ANNUAL ERISA CERTIFICATION 
 (As required to be delivered on or before
June 30 of each 
 calendar year beginning with June 30, 2012, pursuant to 

Section 8.11 of the 2012-B Servicing Supplement) 
 NISSAN MOTOR ACCEPTANCE CORPORATION 
  

 
 NISSAN AUTO
LEASE TRUST 2012-B 
  
  

The undersigned, duly authorized representative of Nissan Motor Acceptance Corporation (“NMAC”), as Servicer, pursuant
to the 2012-B SUBI Servicing Supplement to the Basic Servicing Agreement dated as of October 24, 2012 (as amended and supplemented, or otherwise modified and in effect from time to time, the “2012-B Servicing Supplement”), by
and among NISSAN-INFINITI LT, NMAC, as Servicer, and NILT TRUST, does hereby certify that: 
 1. The undersigned
is an Authorized Officer of NMAC. 
 2. As of the end of NMAC’s preceding fiscal year, with respect to
Employee Benefit Plans: 
 (a) [Employee Benefit Plan assets exceed the present value of accrued benefits][The present value of
the accrued benefits exceeds plan assets] under each of the Employee Benefit Plans as of the close of the most recent Employee Benefit Plan year, as required to be reported in the financial statements for such Employee Benefit Plan filed with the
most recent Form 5500 for such Employee Benefit Plan (the “Most Recent Plan Financial Statements”). 
 [Select
from the following statements] 
 (b) [Neither NMAC nor any of its ERISA Affiliates (i) anticipates that the value of the
assets of any Employee Benefit Plan it maintains would not be sufficient to cover any Funding Target; or (ii) is contemplating benefit improvements with respect to any Employee Benefit Plan then maintained by any such entity or the
establishment of any new Employee Benefit Plan, either of which would cause any such entity to maintain a Employee Benefit Plan with a Funding Target in excess of plan assets. The term “Funding Target” has the meaning set forth in section
430(d) of the Internal Revenue Code.][Describe any failure of the certifications in clauses (i) and (ii) to be true.] 

  

			
	 B-1
	  	(NALT 2012-B SUBI Servicing Supplement)

 (c) [If all of the Employee Benefit Plans (other than a multiemployer Employee Benefit
Plan) were terminated (disregarding any Employee Benefit Plans with surpluses), the unfunded liabilities at such date with respect to such Employee Benefit Plans, their participants or beneficiaries, and the Pension Benefit Guaranty Corporation,
would not have exceeded [5%] of the consolidated net worth of Nissan Motor Co., Ltd. or [25%] of the consolidated net worth of Nissan North America, Inc. at such date.] 
 (d) [There are no unpaid minimum required contributions with respect to any Employee Benefit Plan as disclosed on the Most Recent Plan Financial Statements.] 

(e) [Describe any facts that would cause the statements in clauses (b), (c) or (d) to be incorrect.] 

Capitalized terms used but not defined herein are used as defined in the 2012-B Servicing Supplement, and if not defined therein, as
defined in the Agreement of Definitions, dated as of October 24, 2012, among Nissan Auto Lease Trust 2012-B, NILT Trust, as grantor and UTI beneficiary, Nissan-Infiniti LT, as the titling trust, NMAC, in its individual capacity, as Servicer and
as administrative agent, Nissan Auto Leasing LLC II, NILT, Inc., as the titling trustee, Wilmington Trust, National Association, as owner trustee, Wilmington Trust Company, as Delaware trustee, U.S. Bank, as trust agent, and U.S. Bank, as indenture
trustee. 

  

			
	 B-2
	  	(NALT 2012-B SUBI Servicing Supplement)

 IN WITNESS WHEREOF, each of the undersigned has duly executed this Certificate this
             day of              . 

 

			
	By:	 	 
		 	Name:
		 	Title:

  

			
	 B-3
	  	(NALT 2012-B SUBI Servicing Supplement)

 SCHEDULE A 
 REGULATION AB REPRESENTATIONS, WARRANTIES AND COVENANTS 
 PART I 

DEFINED TERMS 
 Section 1.01. As used in this Schedule A, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined);
unless otherwise defined herein, terms used in this Schedule A that are defined in the Agreement to which this Schedule A is attached shall have the same meanings herein as in the Agreement: 

“Commission”: The United States Securities and Exchange Commission. 

“Regulation AB”: Subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as has been provided by the Commission in the adopting release (Asset-Backed Securities, Securities Act Release
No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the Commission, or as may be provided by the Commission or its staff from time to time. 
 “Securities Act”: The Securities Act of 1933, as amended. 

PART II 

COMPLIANCE WITH REGULATION AB 
 Section 2.01. Intent of the Parties; Reasonableness. 
 Each of the Issuing
Entity, the Indenture Trustee, the NILT Trust, NILT and the Servicer acknowledges and agrees that the purpose of Part II of this Schedule A is to facilitate compliance by the Issuing Entity and the Servicer with the provisions of Regulation AB and
related rules and regulations of the Commission. 
 Each of the Issuing Entity, the Indenture Trustee, the NILT Trust, NILT and
the Servicer acknowledge that their respective obligations hereunder may be supplemented and modified as reasonably necessary to be consistent with any amendments, interpretive advice or guidance, convention or consensus among active participants in
the asset-backed securities markets, in respect of the requirements of Regulation AB. In addition, each of the Issuing Entity, the Indenture Trustee, the NILT Trust, NILT and the Servicer shall comply with reasonable requests made by the Issuing
Entity for delivery of additional or different information as the Issuing Entity may determine in good faith is necessary to comply with the provisions of Regulation AB, provided that such information is available to such party without unreasonable
effort or expense and within such timeframe as may be reasonably requested. 

  

			
		  	(NALT 2012-B SUBI Servicing Supplement)

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