Document:

Form of Sale Agreement

 Exhibit 10.2 

 
  

 
 SALE AGREEMENT 

dated as of [            ], 

between 
 BANK
OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC 
 and 

BANK OF AMERICA AUTO TRUST 20[    ]-[    ] 

 
  

 

					
	 ARTICLE I DEFINITIONS AND USAGE
	  	 	1	  
		
	 SECTION 1.1            Definitions
	  	 	1	  
		
	 SECTION 1.2            Other Interpretive Provisions
	  	 	1	  
		
	 ARTICLE II PURCHASE
	  	 	2	  
		
	 SECTION 2.1            Agreement to Transfer, Sell, Contribute and Assign
on the Closing Date
	  	 	2	  
		
	 SECTION 2.2            Consideration and Payment
	  	 	3	  
		
	 ARTICLE III REPRESENTATIONS, WARRANTIES AND COVENANTS
	  	 	3	  
		
	 SECTION 3.1            Representations and Warranties of the
Depositor
	  	 	3	  
		
	 SECTION 3.2            Representations and Warranties of the Depositor
regarding the Receivables
	  	 	4	  
		
	 SECTION 3.3            Repurchase Upon Breach
	  	 	4	  
		
	 SECTION 3.4            Protection of Title
	  	 	5	  
		
	 SECTION 3.5            Other Liens or Interests
	  	 	6	  
		
	 SECTION 3.6            Perfection Representations, Warranties and
Covenants
	  	 	6	  
		
	 SECTION 3.7            [Compliance with the FDIC Rule
	  	 	6	  
		
	 ARTICLE IV MISCELLANEOUS
	  	 	6	  
		
	 SECTION 4.1            Transfers Intended as Sale; Security
Interest
	  	 	6	  
		
	 SECTION 4.2            Notices, Etc
	  	 	7	  
		
	 SECTION 4.3            Choice of Law
	  	 	8	  
		
	 SECTION 4.4            Headings
	  	 	8	  
		
	 SECTION 4.5            Counterparts
	  	 	8	  
		
	 SECTION 4.6            Amendment
	  	 	8	  
		
	 SECTION 4.7            Waivers
	  	 	9	  
		
	 SECTION 4.8            Entire Agreement
	  	 	10	  
		
	 SECTION 4.9            Severability of Provisions
	  	 	10	  
		
	 SECTION 4.10          Binding Effect
	  	 	10	  
		
	 SECTION 4.11          Acknowledgment and Agreement
	  	 	10	  
		
	 SECTION 4.12          Cumulative Remedies
	  	 	10	  
		
	 SECTION 4.13          Nonpetition Covenant
	  	 	10	  
		
	 SECTION 4.14          Submission to Jurisdiction; Waiver of Jury
Trial
	  	 	11	  
		
	 SECTION 4.15          Third-Party Beneficiaries
	  	 	11	  
		
	 SECTION 4.16          Limitation of Liability
	  	 	11	  
		
	 SECTION 4.17          [Limitations of Rights]
	  	 	12	  

  

					
		 	-ii-	 	Sale Agreement

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

  

					
		 	-iii-	 	Sale Agreement

 THIS SALE AGREEMENT is made and entered into as of
[            ] (as amended from time to time, this “Agreement”) by BANK OF AMERICA AUTO TRUST 20[    ]-[    ], a Delaware statutory
trust (the “Issuer”), and BANK OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC, a Delaware limited liability company (the “Depositor”). 
 WITNESSETH: 
 WHEREAS, the Issuer desires to purchase from the Depositor a
portfolio of motor vehicle receivables, including retail motor vehicle installment loans that are secured by new and used automobiles, light-duty trucks and similar vehicles; and 

WHEREAS, the Depositor is willing to transfer, sell, contribute and assign such portfolio of motor vehicle receivables and related
property to the Issuer on the terms and conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the
premises and the mutual agreements set forth herein, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS AND USAGE 
 SECTION 1.1 Definitions. Except as otherwise defined herein or as the context may otherwise require, capitalized terms used but not otherwise defined herein are defined in Appendix A
hereto, which also contains rules as to usage that are applicable herein. 
 SECTION 1.2 Other Interpretive Provisions.
For purposes of this Agreement, unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective
meanings given to them under GAAP; (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,”
“herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are
references to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or
other subdivision of such Section or definition; (e) the term “including” means “including without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or
regulation as amended from time to time and include any successor law or regulation; and (g) references to any Person include that Person’s successors and assigns. 
 Sale Agreement 

 ARTICLE II 
 PURCHASE 
 SECTION 2.1 Agreement to Transfer, Sell, Contribute and Assign on the
Closing Date. On the terms and subject to the conditions set forth in this Agreement, the Depositor does hereby irrevocably transfer, sell, contribute and assign and otherwise convey to the Issuer without recourse (subject to the obligations
herein) on the Closing Date all of its right, title and interest in, to and under the following property and as evidenced by an Assignment substantially in the form of Exhibit A (the “Assignment”) delivered on the Closing
Date (collectively, the “Purchased Assets”): 
 (i) all right, title and interest of the
Depositor in, to and under the Receivables listed on the Schedule of Receivables and all monies received thereon after the Cut-Off Date; 
 (ii) the interest of the Depositor in the security interests in the Financed Vehicles granted by Obligors pursuant to such Receivables and, to the extent permitted by law, any accessions thereto;

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

(v) [all right, title and interest of the Depositor in, to and under the [intermediate purchase agreements], including the
right to cause [intermediate purchasers], to repurchase Receivables under certain circumstances;] 
 (vi) all of
the Depositor’s rights to the Receivable Files; and 
 (vii) the interest of the Depositor in any proceeds
of the property described in clauses (i) and (ii) above. 
 The sale, transfer, contribution, assignment and conveyance
made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any obligation of the Depositor, [any intermediate purchaser] or any Originator to the Obligors or any other Person in connection with the Receivables
listed on the Schedule of Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. Notwithstanding the other terms of this Agreement, the Depositor and the Issuer hereby acknowledge
that [BANA] expressly retains all, and has not transferred hereunder any, of its rights to obtain refunds or claim credits or deductions relating to state and local sales or use, gross receipts, transaction privilege, value added, business and
occupation and other similar taxes attributable to accounts charged off by the Issuer or its affiliates, subsidiaries, assignees or transferees. 

  

					
		 	-2-	 	Sale Agreement

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

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

  

					
		 	-3-	 	Sale Agreement

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

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

(f) Lien Filings. The Depositor is not aware of any material judgment, ERISA or tax lien filings against the Depositor. 

SECTION 3.2 Representations and Warranties of the Depositor regarding the Receivables. The Depositor makes the representations and
warranties set forth on Schedule II with respect to the Receivables listed on the Schedule of Receivables, on which the Issuer relies in purchasing such Receivables. Such representations and warranties speak as of the Closing Date, but shall
survive the sale, transfer, contribution, assignment and conveyance of the Receivables listed on the Schedule of Receivables by the Depositor to the Issuer pursuant to this Agreement and the pledge of the Receivables by the Issuer to the Indenture
Trustee pursuant to the Indenture. Notwithstanding any statement to the contrary contained herein or in any other Transaction Document, the Depositor shall not be required to notify any insurer with respect to any Insurance Policy obtained by an
Obligor. 
 SECTION 3.3 Repurchase Upon Breach. (a) Upon discovery by or notice to the Issuer or the Depositor of a
breach of any of the representations and warranties described in Section 3.2 with respect to any Receivable listed on the Schedule of Receivables at the time such representations and warranties were made which materially and adversely
affects the interests of the Noteholders, the party discovering such breach or receiving such notice shall give prompt written notice thereof to the other party hereto; provided, that delivery of the Monthly Servicer Report, which identifies
that Receivables are being or have been repurchased, shall be deemed to constitute prompt notice of such breach; provided, further, the failure to give such notice shall not affect any obligation of the Depositor hereunder. If the
breach materially and adversely affects the interests of the Noteholders, then the Depositor shall either (i) correct or cure such breach or (ii) purchase (or cause to be purchased) such Receivable from the holder thereof, in either case
on or before the last day of the second Collection Period (or, at the option of the Depositor, the last day of the first Collection Period) following the date the Depositor became aware of or was notified of such breach. Any such breach or failure
will be deemed to not have a material and adverse effect if such breach or failure does not affect the ability of the Issuer (or its 

  

					
		 	-4-	 	Sale Agreement

 
assignee) to collect, receive and retain timely payment in full on such Receivable, including Liquidation Proceeds. Any such purchase by the Depositor shall be at a price equal to the related
Repurchase Price. In consideration for such repurchase, the Depositor shall make (or shall cause to be made) a payment to the Issuer equal to the Repurchase Price by depositing (or causing to be deposited) such amount into the Collection Account on
the Business Day prior to the Payment Date immediately following the date of such repurchase. Upon payment of such Repurchase Price by the Depositor, the Issuer shall release and shall execute and deliver such instruments of release, transfer or
assignment, in each case without recourse or representation, as may be reasonably requested by the Depositor to evidence such release, transfer or assignment or more effectively vest in the Depositor or its designee any Receivable listed on the
Schedule of Receivables and related Purchased Assets repurchased pursuant to this Section 3.3. It is understood and agreed that the right to cause the Depositor to repurchase [(or to enforce the obligation of the [intermediate
purchasers] under the [intermediate purchase agreements] to repurchase)] any Receivable listed on the Schedule of Receivables as described above shall constitute the sole remedy respecting such breach available to the Issuer. 

(b) [In addition to the foregoing repurchase obligations, if the interest of the Issuer in any Receivable listed on the Schedule of
Receivables is materially and adversely affected by a breach by the [intermediate purchasers] of a representation or warranty relating to such Receivable in the [intermediate purchase agreements], the Depositor shall repurchase such Receivable from
the Issuer but only if the [applicable intermediate purchaser], shall in fact repurchase such Receivable. The Depositor shall promptly remit into the Collection Account the purchase price paid with respect to such Receivable.] 

SECTION 3.4 Protection of Title. 
 (a) The Depositor shall authorize and file such financing statements and cause to be authorized and filed such continuation and other statements, all in such manner and in such places as may be required
by law fully to preserve, maintain and protect the interest of the Issuer under this Agreement in the Receivables listed on the Schedule of Receivables and the other Purchased Assets. The Depositor shall deliver (or cause to be delivered) to the
Issuer file-stamped copies of, or filing receipts for, any document filed as provided above, as soon as available following such filing. 
 (b) The Depositor will notify the Issuer in writing within ten (10) days following the occurrence of (i) any change in the Depositor’s organizational structure as a limited liability
company, (ii) any change in the Depositor’s “location” (within the meaning of Section 9-307 of the UCC of all applicable jurisdictions) and (iii) any change in the Depositor’s name, and shall have taken all action
prior to making such change (or shall have made arrangements to take such action substantially simultaneously with such change, if it is not possible to take such action in advance) reasonably necessary or advisable in the opinion of the Issuer to
amend all previously filed financing statements or continuation statements described in paragraph (a) above. The Depositor will at all times maintain its “location” within the United States. 

  

					
		 	-5-	 	Sale Agreement

 (c) The Depositor shall maintain (or shall cause the Servicer to maintain) its computer
systems so that, on and after the conveyance under this Agreement of the Receivables listed on the Schedule of Receivables on the Closing Date, the master computer records (including any backup archives, it being understood that any such backup
archives may not reflect such interest until thirty-five (35) days after the applicable changes are made to such master computer records) that refer to a Receivable shall indicate clearly the interest of the Issuer (or any subsequent assignee
of the Issuer) in such Receivable and that such Receivable is owned by such Person. 
 (d) If at any time the Depositor shall
propose to sell, grant a security interest in or otherwise transfer any interest in motor vehicle receivables to any prospective purchaser, lender or other transferee, the Depositor shall give to such prospective purchaser, lender or other
transferee computer tapes, Records or printouts (including any restored from backup archives) that, if they shall refer in any manner whatsoever to any Receivable listed on the Schedule of Receivables, shall indicate clearly that such Receivable has
been sold and is owned by the Issuer (or any subsequent assignee of the Issuer). 
 SECTION 3.5 Other Liens or Interests.
Except for the conveyances and grants of security interests pursuant to this Agreement and the other Transaction Documents, the Depositor shall not sell, pledge, assign or transfer the Receivables listed on the Schedule of Receivables or other
property transferred to the Issuer to any other Person, or grant, create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on any interest therein, and the Depositor shall defend the right, title and interest of the Issuer in,
to and under such Receivables or other property transferred to the Issuer against all claims of third parties claiming through or under the Depositor. 
 SECTION 3.6 Perfection Representations, Warranties and Covenants. The Depositor hereby makes the perfection representations, warranties and covenants attached hereto as Schedule III to the
Issuer, and the Issuer shall be deemed to have relied on such representations, warranties and covenants in acquiring the Purchased Assets. 
 SECTION 3.7 [Compliance with the FDIC Rule. The Depositor hereby agrees (i) to perform the covenants set forth in Article XII of the Indenture applicable to it and (ii) to
facilitate compliance with Article XII of the Indenture by the Bank of America Parties.] 
 ARTICLE IV 

MISCELLANEOUS 

SECTION 4.1 Transfers Intended as Sale; Security Interest. 

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

  

					
		 	-6-	 	Sale Agreement

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

(iii) The possession by the Issuer or its agent of the Receivable Files related to the Receivables listed on the Schedule
of Receivables and any other property as constitute instruments, money, negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by the purchaser or a person designated by such purchaser,
for purposes of perfecting the security interest pursuant to the New York UCC and the UCC of any other applicable jurisdiction; and 
 (iv) Notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed to be notifications to, or acknowledgments, receipts
or confirmations from, bailees or agents (as applicable) of the Issuer for the purpose of perfecting such security interest under applicable law. 
 SECTION 4.2 Notices, Etc. All demands, notices and communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage
prepaid, hand delivery, prepaid courier service, or by facsimile or electronic mail, and addressed in each case as specified on Schedule I hereto or at such other address as shall be designated in a written notice to the other parties hereto.
Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of such Noteholder as shown in the Note Register. Delivery shall occur only upon receipt or reported tender of such
communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder and, with respect to delivery via electronic mail, upon confirmation from the recipient that such notice has
been received; provided, however, that any notice to a Noteholder mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 

  

					
		 	-7-	 	Sale Agreement

 SECTION 4.3 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW BUT EXCLUDING TO THE MAXIMUM EXTENT PERMITTED BY LAW ALL OTHER CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS
AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 SECTION 4.4 Headings. The
section headings hereof have been inserted for convenience only and shall not be construed to affect the meaning, construction or effect of this Agreement. 
 SECTION 4.5 Counterparts. This Agreement may be executed in any number of counterparts (including by way of electronic or facsimile transmission), each of which so executed shall be deemed to be an
original, but all of such counterparts shall together constitute but one and the same instrument. 
 SECTION 4.6
Amendment. 
 (a) Any term or provision of this Agreement may be amended by the Depositor without the consent of the
Indenture Trustee, any Noteholder, the Issuer [, the Swap Counterparty], the Owner Trustee, the [intermediate purchasers] or any other Person subject to subsections (d) and (e) of this Section 4.6; provided that
(i) such amendment shall not, as evidenced by an Officer’s Certificate of the Depositor or an Opinion of Counsel delivered to the Indenture Trustee, and the Owner Trustee materially and adversely affect the interests of the Noteholders or
(ii) the Rating Agency Condition shall have been satisfied with respect to such amendment; provided further, that in the case of any amendment pursuant to this Section 4.6(a), such amendment shall not, for United States
federal income tax purposes, as evidenced by an Opinion of Counsel, (i) affect the treatment of the Notes as indebtedness, (ii) be deemed to cause a taxable exchange of the Notes or (iii) cause the Issuer (or any part thereof) to be
treated as an association or publicly traded partnership taxable as a corporation [or cause the Issuer to be treated as other than a grantor trust of the type described in Treasury Regulation section 301.7701-4(c).] 

(b) Subject to subsections (d) and (e) of this Section 4.6, this Agreement (including Appendix
A) may also be amended from time to time by the Depositor with the consent of (i) the Holders of the Notes evidencing not less than a majority of the Outstanding Note Balance of the Controlling Class and (ii) the Majority
Certificateholders for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders or the Certificateholders; provided, however,
that no such amendment shall (i) increase or reduce in any manner the amount of, or accelerate or delay the timing of, or change the allocation or priority of, collections of payments on Receivables or distributions that are required to be made
for the benefit of the Noteholders or the Certificateholders, or (ii) reduce the aforesaid percentage of the principal amount of the Notes Outstanding or the Certificate Percentage Interest required to consent to any such amendment, without the
consent of all the Noteholders and Certificateholders affected thereby; and provided further, that an Opinion of Counsel shall be furnished to the Indenture Trustee and 

  

					
		 	-8-	 	Sale Agreement

 
the Owner Trustee to the effect that such amendment (A) will not materially adversely affect the United States federal income taxation of any outstanding Note or Certificate and (B) for
United States federal income tax purposes, will not cause the Issuer to be treated as an association (or a publicly traded partnership) taxable as a corporation[, or cause the Issuer to be treated as other than a grantor trust of the type described
in Treasury Regulation section 301.7701-4(c).] It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The
manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders and Certificateholders will be subject to such reasonable
requirements as the Indenture Trustee and Owner Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 
 (c) Prior to the execution of any such amendment to this Agreement, the Depositor shall provide written notification of the substance of such amendment to the Issuer; and promptly after the execution of
any such amendment or consent, the Depositor shall furnish a copy of such amendment or consent to the Issuer and the Indenture Trustee. 
 (d) Prior to the execution of any amendment to this Agreement, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the
execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to the execution and delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be
obligated to, enter into any such amendment which adversely affects the Owner Trustee’s or the Indenture Trustee’s, as applicable, own rights, duties or immunities under this Agreement. Furthermore, notwithstanding anything to the contrary
herein, this Agreement may not be amended in any way that would materially and adversely affect the Owner Trustee’s, Indenture Trustee’s, [the Swap Counterparty’s] or the Administrator’s rights, privileges, indemnities, duties or
obligations under this Agreement, the Transaction Documents or otherwise without the prior written consent of such party. 
 (e)
[Notwithstanding subsections (a) and (b) of this Section 4.6, this Agreement may only be amended by the Depositor if (i) the Majority Certificateholders or all of the Certificateholders, as the case
may be, consent to such amendment or (ii) such amendment shall not, as evidenced by an Officer’s Certificate of the Depositor or an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee materially and adversely affect
the interests of the Certificateholders. It will not be necessary to obtain the consent of the Certificateholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance
thereof.] 
 SECTION 4.7 Waivers. No failure or delay on the part of the Issuer, the Depositor or the Indenture Trustee
in exercising any power or right hereunder (to the extent such Person has any power or right hereunder) shall operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other or further exercise
thereof or the exercise of any other power or right. No notice to or demand on the Issuer or the Depositor in either case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by any party under this
Agreement shall, except as may otherwise be stated in such waiver or approval, be applicable to subsequent transactions. No waiver or approval under this Agreement shall require any similar or dissimilar waiver or approval thereafter to be granted
hereunder. 

  

					
		 	-9-	 	Sale Agreement

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

SECTION 4.11 Acknowledgment and Agreement. By execution below, the Depositor expressly acknowledges and consents to sale of the
Purchased Assets and the pledge, assignment and grant of a security interest in the Receivables listed on the Schedule of Receivables and the other Purchased Assets by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of
the Noteholders. In addition, the Depositor hereby acknowledges and agrees that for so long as the Notes are outstanding, the Indenture Trustee will have the right to exercise all powers, privileges and claims of the Issuer under this Agreement in
the event that the Issuer shall fail to exercise the same. 
 SECTION 4.12 Cumulative Remedies. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION 4.13 Nonpetition Covenant. Each
party hereto agrees that, prior to the date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (a) such party hereto shall
not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any
bankruptcy, insolvency or other similar law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote
Party or any substantial part of its property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a
general assignment for the benefit of its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party, and (b) such party shall not commence, join with any other Person in commencing or institute with any other
Person any Proceeding against such Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination of this Agreement.

  

					
		 	-10-	 	Sale Agreement

 SECTION 4.14 Submission to Jurisdiction; Waiver of Jury Trial. Each of the parties
hereto hereby irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or Proceeding
relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the
courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
 (b)
consents that any such action or Proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of such action or Proceeding in any such court or that such action or Proceeding was brought in an
inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or
Proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 4.2; 

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

SECTION 4.15 Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties hereto, the
Noteholders [, the Swap Counterparty] and their respective successors and permitted assigns and the Indenture Trustee shall be an express third-party beneficiary hereof and may enforce the provisions hereof as if it were a party hereto. Except as
otherwise provided in this Section, no other Person will have any right hereunder. 
 SECTION 4.16 Limitation of
Liability. Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by [            ], not in its individual capacity but solely as
Owner Trustee, and in no event shall it have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer hereunder or under the Notes or any of the other Transaction Documents or in any of the
certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to the assets of the Issuer. Under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or
expense of the Issuer or be liable for the breach or failure of any obligations, representation, warranty or covenant made or undertaken by the Issuer under the Transaction Documents. For the purposes of this Agreement, in the performance of its
duties or obligations hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII and VIII of the Trust Agreement. 

  

					
		 	-11-	 	Sale Agreement

 SECTION 4.17 [Limitations of Rights]. All of the rights of the Swap Counterparty in,
to and under this Agreement (including, but not limited to, all of the Swap Counterparty’s rights as a third party beneficiary of this Agreement and all of the Swap Counterparty’s rights to receive notice of any action hereunder and to
give or withhold consent to any action hereunder) shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts owing to the Swap Counterparty under such Interest
Rate Swap Agreement.] 
 [Remainder of Page Intentionally Left Blank] 

  

					
		 	-12-	 	Sale Agreement

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

			
	BANK OF AMERICA AUTO TRUST 20[    ]-[    ]
		
	By:	 	[            ], not in its individual capacity but solely as Owner Trustee
		
	By:	 	 
	Name:	 	
	Title:	 	

  

					
		 	S-1	 	Sale Agreement

 
			
	BANK OF AMERICA AUTO RECEIVABLES SECURITIZATION, LLC
		
	By:	 	 
	Name:	 	
	Title:	 	

  

					
		 	S-2	 	Sale Agreement

 EXHIBIT A 
 FORM OF 
 ASSIGNMENT PURSUANT TO SALE AGREEMENT 

[            ] 

For value received, in accordance with the Sale Agreement dated as of
[            ], between Bank of America Auto Trust 20[    ]-[    ] (the “Issuer”), and Bank of America Auto Receivables
Securitization, LLC, a Delaware limited liability company (the “Depositor”) (the “Agreement”), on the terms and subject to the conditions set forth in the Agreement, the Depositor does hereby irrevocably sell,
transfer, contribute, assign and otherwise convey to the Issuer on the date hereof without recourse (subject to the obligations in the Agreement), all right, title and interest of the Depositor, whether now owned or hereafter acquired, in, to and
under the following property, which sale shall be effective as of the Cut-Off Date: 
 (i) all right, title and
interest of the Depositor in, to and under the Receivables listed on the Schedule of Receivables and all monies received thereon after the Cut-Off Date; 
 (ii) the interest of the Depositor in the security interests in the Financed Vehicles granted by Obligors pursuant to such Receivables and, to the extent permitted by law, any accessions thereto;

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

(v) [all right, title and interest of the Depositor in, to and under the [intermediate purchase agreements], including the
right to cause [intermediate purchasers] to repurchase Receivables under certain circumstances;] 
 (vi) all of
the Depositor’s rights to the Receivable Files; and 
 (vii) the interest of the Depositor in any proceeds
of the property described in clauses (i) and (ii) above. 
 The foregoing sale, transfer, contribution,
assignment and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any obligation of the Depositor, [any intermediate purchaser], any Originator to the Obligors or any other Person in
connection with the Receivables listed on the Schedule of Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related thereto. Notwithstanding the other terms of the Agreement, the Depositor and
the Issuer hereby acknowledge that BANA expressly retains all, and has not transferred hereunder any, of its rights 

  

					
		 	A-1	 	Sale Agreement

 
to obtain refunds or claim credits or deductions relating to state and local sales or use, gross receipts, transaction privilege, value added, business and occupation and other similar taxes
attributable to accounts charged off by the Issuer or its affiliates, subsidiaries, assignees or transferees. 
 This assignment
is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Agreement and is governed by the Agreement. 
 Capitalized terms used herein and not otherwise defined shall have the meaning assigned to them in the Agreement. 
 [Remainder of page intentionally left blank] 

  

					
		 	A-2	 	Sale Agreement

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

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

  

					
		 	A-3	 	Sale Agreement

 SCHEDULE I 
 NOTICE ADDRESSES 
 If to the Issuer: 

Bank of America Auto Trust 20[    ]-[    ] 
 [                                ]

 with copies to the Depositor and the Indenture Trustee 
 If to the Depositor: 
 Bank of America Auto Receivables Securitization, LLC 

Bank of America Corporate Center 
 100 N. Tryon
St. 
 Charlotte, NC 28255 
 Mail Code:
NC1-007-06-82 
 Facsimile: (980) 387-8792 
 [Intermediate Purchaser Information] 
 If to BANA: 

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

Facsimile: (980) 387-8792 
 If to the
Servicer: 
 Bank of America, National Association Bank of America Office Park 9000 Southside Blvd., Building 100 Jacksonville, FL 32256-0793

 If to the Indenture Trustee: 

[                         
       ] 
 If to the Owner Trustee: 
 [                                ]

  

					
		 	I-1	 	Sale Agreement

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

(B) is a Simple Interest Receivable; 

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

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

  

					
		 	II-1	 	Sale Agreement

 (J) has an APR of not less than [    ]% and not more
than [    ]%; and 
 (K) the related Obligor had a FICO score of not less than
[    ] at the time of the origination of such Receivable. 
 (ii) Creation, Perfection and Priority of
Security Interests. 
 (A) While it is the intention of the Depositor and the Issuer that the transfer and
assignment contemplated by this Agreement shall constitute a sale of the related Purchased Assets from the Depositor to the Issuer, this Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in each Receivable
and the related Purchased Assets in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Depositor. 

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

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

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

  

					
		 	II-2	 	Sale Agreement

 (vii) Receivables In Force. As of the Cut-Off Date, no such Receivable has been
satisfied, subordinated or rescinded, and the Financed Vehicle securing each such Receivable has not been released from the lien of the related Receivable in whole or in part. 
 (viii) No Waiver. As of the Cut-Off Date, no provision of a Receivable has been, or will be, waived, extended, deferred, amended, adjusted, altered or modified in any respect except for waivers,
extensions, deferrals, amendments, adjustments, alterations or modifications that are consistent with the Customary Servicing Practices. 
 (ix) No Defenses. No right of rescission, setoff, counterclaim or defense has been asserted or threatened with respect to any such Receivable. 

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

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

(xiii) Lawful Assignment. No such Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which
would make unlawful, void or voidable the sale, transfer, contribution, assignment and conveyance of such Receivable under this Agreement. 
 (xiv) All Filings Made. All filings (including UCC filings) necessary in any jurisdiction to give Issuer a first priority perfected ownership interest in the Receivables shall have been made.

 (xv) One Original. With respect to each Receivable originated by a Dealer and purchased by BANA from such Dealer, there
is only one executed original, electronically authenticated original or authoritative copy of such Receivable. With respect to each Receivable originated by BANA, if an executed original, electronically authenticated original or authoritative copy
of such Receivable exists, then such executed original, electronically authenticated original or authoritative copy of such Receivable is in the possession of BANA, as Custodian (or through a sub-contractor or subservicer as permitted by the
Servicing Agreement). 

  

					
		 	II-3	 	Sale Agreement

 (xvi) Electronic Chattel Paper. As of the Cut-Off Date, such Receivable did not cause
the aggregate Outstanding Principal Balance of all Receivables that constitute “electronic chattel paper” (as defined in the UCC) to exceed [    ]% of the Initial Pool Balance. 

(xvii) Prepayments. Each Receivable requires the Obligor thereunder to pay, upon any prepayment of such Receivable, an amount that
is not less than the Outstanding Principal Balance of such Receivable plus interest accrued at the applicable Annual Percentage Rate to the date of the prepayment. 
 (xviii) No Government Obligor. The Obligor on each Receivable is not the United States or any state thereof or any local government, or any agency, department, political subdivision or
instrumentality of the United States or any state thereof or any local government. 
 (xix) No Undocumented Extensions or
Modifications. No extension or modification has been made with respect to any Receivable other than as evidenced in the Receivable File relating thereto. 
 (xx) No Fraud or Misrepresentation. Each Receivable was originated by the applicable Originator and was sold by the Depositor to the Issuer without any fraud or misrepresentation on the part of the
applicable Originator or the Depositor. 
 (xxi) Force-Placed Insurance. No Receivable is subject to a force-placed
Insurance Policy on the related Financed Vehicle. 
 (xxii) No Documents or Instruments. No such Receivable or constituent
part thereof, constitutes a “negotiable instrument” or “negotiable document of title” (as such terms are used in the UCC). 

  

					
		 	II-4	 	Sale Agreement

 SCHEDULE III 
 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 
 In addition to the
representations, warranties and covenants contained in this Agreement, the Depositor hereby represents, warrants, and covenants to the Issuer as follows on the Closing Date: 
 General 
 1. This Agreement creates a valid and continuing security
interest (as defined in the applicable UCC) in the Receivables and the other Purchased Assets in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the
Depositor. 
 2. The Receivables constitute “chattel paper” (including “electronic chattel paper” or
“tangible chattel paper”), “accounts,” “instruments” or “general intangibles,” within the meaning of the applicable UCC. 
 3. Each Receivable is secured by a first priority validly perfected security interest in the related Financed Vehicle in favor of the Originator, as secured party, or all necessary actions with respect to
such Receivable have been taken or will be taken to perfect a first priority security interest in the related Financed Vehicle in favor of the Originator, as secured party. 
 Creation 
 4. Immediately prior to the sale, transfer, contribution,
assignment and conveyance of the Receivables by the Depositor to the Issuer, the Depositor owned and had good and marketable title to such Receivables free and clear of any Lien and immediately after the sale, transfer, contribution, assignment and
conveyance of such Receivable to the Issuer, the Issuer will have good and marketable title to such Receivable free and clear of any Lien. 
 5. The Depositor has received all consents and approvals to the sale of the Receivables hereunder to the Issuer required by the terms of the Receivables that constitute instruments. 

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

  

					
		 	III-1	 	Sale Agreement

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

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

 

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

 

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

 Priority

 8. The Depositor has not authorized the filing of, and is not aware of, any financing statements against the
Depositor that include a description of collateral covering the Receivables other than any financing statement (i) relating to the conveyance of [intermediate purchased assets] by [intermediate seller] to the [intermediate purchaser] under the
[intermediate purchase agreement], (ii) relating to the conveyance of Receivables by the Depositor to the Issuer under this Agreement, (iii) relating to the security interest granted by the Issuer to the Indenture Trustee under the
Indenture or (iv) that has been terminated. 
 9. The Depositor is not aware of any material judgment, ERISA or tax lien
filings against the Depositor. 
 10. Neither the Depositor nor a custodian or vaulting agent thereof holding any Receivable
that is electronic chattel paper has communicated an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of any loan agreement that constitutes or evidences such Receivable to any Person other than the Servicer.

 11. None of the instruments, tangible chattel paper or electronic chattel paper that constitute or evidence the Receivables
has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Depositor, the Issuer or the Indenture Trustee. 
 Survival of Perfection Representations 
 12. Notwithstanding any
other provision of this Agreement or any other Transaction Document, the perfection representations, warranties and covenants contained in this Schedule III shall be continuing, and remain in full force and effect until such time as all
obligations under the Transaction Documents and the Notes have been finally and fully paid and performed. 

  

					
		 	III-2	 	Sale Agreement

 No Waiver 

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

  

					
		 	III-3	 	Sale Agreement

 APPENDIX A 
 DEFINITIONS 
 The following terms have the meanings set forth, or referred
to, below: 
 “Account Control Agreement” means the Account Control Agreement, dated as of the Closing Date,
among the Issuer, the Indenture Trustee and [            ], as securities intermediary, as the same may be amended and supplemented from time to time. 

“Accrued Class A Note Interest” shall mean, with respect to any Payment Date, the sum of the Class A
Noteholders’ Monthly Accrued Interest for such Payment Date and the Class A Noteholders’ Interest Carryover Shortfall for such Payment Date. 
 [”Accrued Class B Note Interest” shall mean, with respect to any Payment Date, the sum of the Class B Noteholders’ Monthly Accrued Interest for such Payment Date and the Class B
Noteholders’ Interest Carryover Shortfall for such Payment Date. ] 
 “Act” when used in the Indenture has
the meaning set forth in Section 11.3(a) of the Indenture and, when used in the Trust Agreement, has the meaning set forth in Section 4.5(a) of the Trust Agreement. 

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

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

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

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

“Aggregate Monthly Net Loss” means, with respect to any Payment Date (a) the Charged-Off Receivables Balance minus
(b) all Liquidation Proceeds collected during that Collection Period. 
 “Annual Percentage Rate” or
“APR” of a Receivable means the annual rate of finance charges stated in such Receivable. 
 Definitions (BAAT
20[    ]-[    ]) 

 “Applicable Tax State” means, as of any date, each State as to which any of
the following is then applicable: (a) a State in which the Owner Trustee maintains its Corporate Trust Office, (b) a State in which the Owner Trustee maintains its principal executive offices and (c) the State of North Carolina.

 “Authenticating Agent” means any Person authorized by the Indenture Trustee to act on its behalf to
authenticate and deliver the Notes. 
 “Authorized Newspaper” means a newspaper of general circulation in the
City of New York, printed in the English language and customarily published on each Business Day, whether or not published on Saturdays, Sundays and holidays. 
 “Authorized Officer” means (a) with respect to the Issuer, (i) any officer of the Owner Trustee who is authorized to act for the Owner Trustee in matters relating to the Issuer
and who is identified on the list of Authorized Officers delivered by the Owner Trustee to the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time), (ii) any officer of the Depositor who is
authorized to act for the Depositor in matters relating to the Issuer in accordance with Section 6.7(f) of the Trust Agreement and who is identified on the list of Authorized Officers delivered by the Depositor to the Owner Trustee and
the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter) or (iii) so long as the Administration Agreement is in effect, any officer of the Administrator who is authorized to act for
the Administrator in matters relating to the Issuer pursuant to the Administration Agreement and who is identified on the list of Authorized Officers delivered by the Administrator to the Owner Trustee and the Indenture Trustee on the Closing Date
(as such list may be modified or supplemented from time to time thereafter) and (b) with respect to each of the Owner Trustee, the Indenture Trustee, the Administrator and the Servicer, any officer of such Person, who is authorized to act for
such Person, in matters relating to such Person and who is identified on the list of Authorized Officers delivered by such Person on the Closing Date (as such list may be modified or supplemented from time to time thereafter). 

“Available Collections” means, for any Payment Date and the related Collection Period, an amount equal to the sum of the
following amounts: (i) all Collections received by the Servicer during such Collection Period, (ii) the sum of the Repurchase Prices deposited into the Collection Account during the related Collection Period with respect to each Receivable
that is to become a Repurchased Receivable for such Payment Date, [(iii) the Reserve Account Excess Amount for such Payment Date], (iv) any investment income accrued during such Collection Period from the investment of funds in the Collection
Account [,(v) the Net Swap Receipts (excluding Swap Termination Payments received from the Swap Counterparty and deposited into the Swap Termination Payment Account), (vi) amounts on deposit in the Swap Termination Payment Account that exceed
the cost of entering into a Replacement Interest Rate Swap Agreement or any amounts on deposit in the Swap Termination Payment Account if the Issuer determines not to replace the Initial Interest Rate Swap Agreement and the Rating Agency Condition
is met with respect to such determination, and (vii) the amount by which any amounts received from a Replacement Swap Counterparty in consideration for entering into a Replacement Interest Rate Swap exceeds the payments due to the Swap
Counterparty following the termination of the Interest Rate Swap Agreement following an event of default or termination event under the Interest Rate Swap Agreement.]. 

  

					
		 	2	 	Definitions (BAAT 20[    ]-[    ])

 “Available Collections Shortfall Amount” means, as of any Payment Date, the
amount by which the amounts required to be paid pursuant to clauses first through [sixth] of Section 8.4(a) of the Indenture exceeds the Available Collections for such Payment Date (computed without giving effect to the
Reserve Account Excess Amount). 
 “BAASC” means BA Auto Securitization Corporation, a Delaware corporation,
and its successors and assigns. 
 “BAC” means Bank of America Corporation, a Delaware corporation, and its
successors and assigns. 
 “BANA” means Bank of America, National Association, a national banking association,
and its successors and assigns. 
 [”Bank of America Parties” means, collectively, BAASC, BASHC, BANA, the
Depositor and the Issuer.] 
 “Bankruptcy Code” means the United States Bankruptcy Code, 11 U.S.C. 101 et seq.,
as amended. 
 “Bankruptcy Event” means, with respect to any Person, (i) the filing of a decree or order
for relief by a court having jurisdiction in the premises in respect of such Person in an involuntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver,
liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person, or ordering the winding-up or liquidation of such Person’s affairs, and such decree or order shall remain unstayed and in effect for a period of 60
consecutive days or (ii) the commencement by such Person of a voluntary case under any applicable federal or state bankruptcy, insolvency or other similar law now or hereafter in effect, or the consent by such Person to the entry of an order
for relief in an involuntary case under any such law, or the consent by such Person to the appointment or taking possession by a receiver, liquidator, assignee, custodian, trustee, sequestrator or similar official of such Person, or the making by
such Person of any general assignment for the benefit of creditors, or the failure by such Person generally to pay its debts as such debts become due, or the taking of action by such Person in furtherance of any of the foregoing. 

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

  

					
		 	3	 	Definitions (BAAT 20[    ]-[    ])

 “Book-Entry Notes” means a beneficial interest in the Notes, ownership and
transfers of which shall be made through book entries by a Clearing Agency as described in Section 2.10 of the Indenture. 
 “Business Day” means any day other than a Saturday, a Sunday or a day on which banking institutions or trust companies in the states of Delaware, New York,
[            ] or [            ], or in the state in which the Corporate Trust Office of the Indenture Trustee is located [or the
principal place of business of the Swap Counterparty], are authorized or obligated by law, executive order or government decree to be closed. 
 “Certificate” means a certificate substantially in the form of Exhibit A to the Trust Agreement evidencing a beneficial interest in the Issuer. For the avoidance of doubt, the
references in the Transaction Documents to a “Certificate” or a “Certificateholder”, unless the context otherwise requires, shall be deemed to be references to “Certificates” or “Certificateholders” if more
than one Certificate has been issued. 
 “Certificate Distribution Account” means the account designated as
such, established and maintained pursuant to Section 8.2(a)(iv) of the Indenture. 
 “Certificate of
Title” means, with respect to any Financed Vehicle, the certificate of title or other documentary evidence of ownership of such Financed Vehicle as issued by the department, agency or official of the jurisdiction (whether in paper or
electronic form) in which such Financed Vehicle is titled responsible for accepting applications for, and maintaining records regarding, certificates of title and liens thereon. 

“Certificate Paying Agent” means [            ] or any other
Person appointed as the successor Certificate Paying Agent pursuant to Section 3.7 of the Trust Agreement. 

[”Certificate Purchase Agreement” means the Certificate Purchase Agreement, dated on or about
[            ], among the Initial Purchaser, BANA and the Depositor.] 
 “Certificate Register” and “Certificate Registrar” have the respective meanings set forth in Section 3.4 of the Trust Agreement. 

“Certificateholder” means, as of any date, the Person in whose name a Certificate is registered on the Certificate
Register on such date. 
 “Charged-Off Receivables Balance” means, with respect to any Payment Date and the
Receivables, the aggregate principal amount of such Receivables charged-off by the Servicer in accordance with its Customary Servicing Practices during the related Collection Period. 

“Class” means a group of Notes whose form is identical except for variation in denomination, principal amount or owner,
and references to “each Class” thus mean each of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4[-A] Notes[, the Class A-4-B Notes] [and the Class B Notes]. 

  

					
		 	4	 	Definitions (BAAT 20[    ]-[    ])

 “Class A Noteholders” means, collectively, the Class A-1 Noteholders,
the Class A-2 Noteholders, the Class A-3 Noteholders, the Class A-4[-A] Noteholders[ and the Class A-4-B Noteholders]. 
 “Class A Noteholders’ Interest Carryover Shortfall” shall mean, with respect to any Payment Date, the excess of the sum of the Class A Noteholders’ Monthly
Accrued Interest for the preceding Payment Date and any outstanding Class A Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over the amount in respect of interest that was actually paid to Noteholders of
Class A Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of the Class A Notes on the preceding Payment Date, to the extent permitted by law, at the respective Interest
Rates for each Class of Class A Notes for the related Interest Period. 
 “Class A Noteholders’ Monthly
Accrued Interest” shall mean, with respect to any Payment Date, the aggregate interest accrued for the related Interest Period on the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the Class A-4-[A] Notes
[and the Class A-4-B Notes], at the respective Interest Rate for such Class on the Note Balance of the Notes on the immediately preceding Payment Date (or, in the case of the first Payment Date, the Closing Date) after giving effect to all
payments of principal to the Noteholders of the Notes of such Class on or prior to such preceding Payment Date. 

“Class A Notes” means, collectively, the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes, the
Class A-4[-A] Notes [and the Class A-4-B Notes]. 
 “Class A Note Balance” means, at any time, the
sum of the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4[-A] Note Balance [and the Class A-4-B Note Balance] at such time. 

“Class A-1 Final Scheduled Payment Date” shall mean the Payment Date occurring in
[            ]. 
 “Class A-1 Interest Rate” means
[            ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year). 

“Class A-1 Note Balance” means, at any time, the Initial Class A-1 Note Balance reduced by all payments of
principal made prior to such time on the Class A-1 Notes. 
 “Class A-1 Noteholder” means the Person in
whose name a Class A-1 Note is registered on the Note Register. 
 “Class A-1 Notes” means the Class of
auto loan asset backed notes designated as Class A-1 Notes, issued in accordance with the Indenture. 
 “Class A-2
Final Scheduled Payment Date” means the Payment Date occurring in [            ] 

  

					
		 	5	 	Definitions (BAAT 20[    ]-[    ])

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

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

 “Class A-2 Notes” means the Class of auto loan asset backed notes designated as Class A-2 Notes, issued
in accordance with the Indenture. 
 “Class A-3 Final Scheduled Payment Date” means the Payment Date occurring
in [            ]. 
 “Class A-3 Interest Rate”
means [            ]% per annum (computed on the basis of a 360-day year of twelve 30-day months). 
 “Class A-3 Note Balance” means, at any time, the Initial Class A-3 Note Balance reduced by all payments of principal made prior to such time on the Class A-3 Notes. 

“Class A-3 Noteholder” means the Person in whose name a Class A-3 Note is registered on the Note Register.

 “Class A-3 Notes” means the Class of auto loan asset backed notes designated as Class A-3 Notes, issued
in accordance with the Indenture. 
 “Class A-4[-A] Final Scheduled Payment Date” means the Payment Date
occurring in [            ]. 
 “Class A-4[-A] Interest
Rate” means [            ]% per annum (computed on the basis of a 360-day year of twelve 30-day months). 
 “Class A-4[-A] Note Balance” means, at any time, the Initial Class A-4[-A] Note Balance reduced by all payments of principal made prior to such time on the Class A-4[-A] Notes.

 “Class A-4[-A] Noteholder” means the Person in whose name a Class A-4[-A] Note is registered on the
Note Register. 
 “Class A-4[-A] Notes” means the Class of auto loan asset backed notes designated as
Class A-4[-A] Notes, issued in accordance with the Indenture. 
 [”Class A-4-B Final Scheduled Payment
Date” means the Payment Date occurring in [            ].]. 
 [”Class A-4-B Interest Rate” means LIBOR + [    ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but
assuming a 360-day year).] 

  

					
		 	6	 	Definitions (BAAT 20[    ]-[    ])

 [”Class A-4-B Note Balance” means, at any time, the Initial
Class A-4-B Note Balance reduced by all payments of principal made prior to such time on the Class A-4-B Notes.] 

[”Class A-4-B Noteholder” means the Person in whose name a Class A-4-B Note is registered on the Note Register.]

 [”Class A-4-B Notes” means the Class of auto loan asset backed notes designated as Class A-4-B Notes,
issued in accordance with the Indenture.] 
 [”Class B Final Scheduled Payment Date” shall mean the Payment
Date occurring in [            ].] 
 [”Class B Interest
Rate” means [    ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).] 

[”Class B Note Balance” means, at any time, the Initial Class B Note Balance reduced by all payments of principal made
prior to such time on the Class B Notes.] 
 [”Class B Noteholder” means the Person in whose name a Class B
Note is registered on the Note Register.] 
 [”Class B Noteholders’ Interest Carryover Shortfall” shall
mean, with respect to any Payment Date, the excess of the sum of the Class B Noteholders’ Monthly Accrued Interest for the preceding Payment Date and any outstanding Class B Noteholders’ Interest Carryover Shortfall on such preceding
Payment Date, over the amount in respect of interest that was actually paid to Noteholders of Class B Notes on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders of the Class B Notes on the preceding
Payment Date, to the extent permitted by law, at the Interest Rate for such Class B Notes for the related Interest Period.] 

[”Class B Noteholders’ Monthly Accrued Interest” shall mean, with respect to any Payment Date, the aggregate
interest accrued for the related Interest Period on the Class B Notes, at the Interest Rate for the Class B Notes on the Note Balance of the Class B Notes on the immediately preceding Payment Date (or, in the case of the first Payment Date, the
Closing Date) after giving effect to all payments of principal to the Class B Noteholders on or prior to such preceding Payment Date.] 
 [”Class B Notes” means the Class of auto loan asset backed notes designated as Class B Notes, issued in accordance with the Indenture.] 

“Clearing Agency” means an organization registered as a “clearing agency” pursuant to Section 17A of the
Exchange Act and shall initially be DTC. 
 “Clearing Agency Participant” means a broker, dealer, bank or other
financial institution or other Person for which from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 

  

					
		 	7	 	Definitions (BAAT 20[    ]-[    ])

 “Clearstream” means Clearstream Banking, société anonyme, a
corporation organized under the laws of the Grand Duchy of Luxembourg. 
 “Closing Date” means
[            ]. 
 “Code” means the Internal
Revenue Code of 1986, as amended, modified or supplemented from time to time, and any successor law thereto, and the regulations promulgated and the rulings issued thereunder. 
 “Collateral” has the meaning set forth in the Granting Clause of the Indenture. 
 “Collection Account” means the segregated trust account established and maintained pursuant to Section 8.2(a)(i) of the Indenture. 

“Collection Period” means the period commencing on the first day of each calendar month and ending on the last day of
such calendar month (or, in the case of the initial Collection Period, the period commencing at the close of business on the Cut-Off Date and ending on [            ]. As used herein and
unless otherwise noted, the “related” Collection Period with respect to a Payment Date shall be deemed to be the Collection Period which immediately precedes such Payment Date. 

“Collections” means all amounts collected by the Servicer (from whatever source) on or with respect to the Receivables;
provided, however, that the term “Collections” in no event will include (1) any amounts in respect of any Repurchased Receivable the Repurchase Price of which has been included in the Available Collections, (2) any
Supplemental Servicing Fees or (3) any rebates or refunds of premium with respect to the cancellation or termination of any insurance policy, extended warranty or service contract required by contract or law to be refunded to the Obligor (but
only to the extent such amounts are actually received by the Servicer). 
 “Commission” means the U.S.
Securities and Exchange Commission. 
 “Controlling Class” shall mean, with respect to any Notes Outstanding,
the Class A Notes (voting together as a single Class) as long as any Class A Notes are Outstanding[, and thereafter the Class B Notes as long as any Class B Notes are Outstanding] (excluding, in each case, Notes held by the Issuer, any
Certificateholder or any of their respective Affiliates unless all Notes are then held by such parties). 
 “Corporate
Trust Office” means: 
 (a) as used with respect to the Indenture Trustee, the office of the Indenture Trustee at which
at any particular time its corporate trust business shall be administered which office at date of the execution of the Indenture is located at [Address] (telecopier no. [            ]),
Attention: [            ], or at such other address as the Indenture Trustee may designate from time to time by notice to the Noteholders, the Servicer, and the Issuer, or the principal
corporate trust office of any successor Indenture Trustee (the address of which the successor Indenture Trustee will notify the Noteholders, the Servicer and the Owner Trustee); and 

  

					
		 	8	 	Definitions (BAAT 20[    ]-[    ])

 (b) as used with respect to Owner Trustee, the corporate trust office of the Owner Trustee
located at [Address] (telecopier no. [            ]), Attention: [            ], or at such other address as the Owner Trustee
may designate by notice to the Certificateholder and the Depositor, or the principal corporate trust office of any successor Owner Trustee (the address of which the successor Owner Trustee will notify the Certificateholder and the Depositor).

 “Cumulative Charged-Off Receivables Balance” means, with respect to any Payment Date, the sum of the
Charged-Off Receivables Balances for each Payment Date to and including such Payment Date. 
 “Cumulative Net
Losses” means, as of any Payment Date, a fraction (expressed as a percentage), the numerator of which is the Aggregate Monthly Net Losses experienced on all Receivables from the Cut-Off Date through the last day of the related Collection
Period and the denominator of which is the Initial Pool Balance. 
 “Custodian” means BANA, initially, and any
replacement Custodian appointed pursuant to the Servicing Agreement. 
 “Customary Servicing Practices” means
the customary servicing practices of the Servicer with respect to all comparable motor vehicle receivables that the Servicer services for itself or others, as such customary servicing practices may be changed from time to time. 

“Cut-Off Date” means after the close of business on
[            ]. 
 “Dealer” means the seller of
automobiles or light trucks that originated one or more of the Receivables and assigned the respective Receivables, directly or indirectly, to BANA under an existing agreement between such seller and BANA. 

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

 “Defaulted Receivable” means a Receivable (other than a Repurchased Receivable), which the Servicer has
charged-off in full in accordance with its Customary Servicing Practices. 
 “Deficiency Balance” means any
Defaulted Receivable regarding which the related Outstanding Principal Balance after receipt of any Liquidation Proceeds with respect thereto is greater than zero, provided however, if for any Defaulted Receivable the related Deficiency
Balance is sold, the remaining Deficiency Balance shall be zero. [To be confirmed.] 
 “Definitive Note” means
a definitive fully registered Note issued pursuant to Section 2.12 of the Indenture. 
 “Delinquent
Receivable” means a Receivable for which the related Obligor has either (i) paid less than 90% of any scheduled monthly payment or (ii) paid at least 90%, but less than 100% of any two or more scheduled monthly payments.

 “Depositor” means Bank of America Auto Receivables Securitization, LLC, a Delaware limited liability
company, and its successors and assigns. 

  

					
		 	9	 	Definitions (BAAT 20[    ]-[    ])

 “Depositor LLC Agreement” means the Limited Liability Company Agreement,
dated as of September 9, 2008, between the Depositor and the BAASC, as the same may be amended and supplemented from time to time. 
 “Determination Date” means the 10th calendar day of each month, or if such day is not a Business Day, the preceding Business Day. 
 “Dollar” and “$” mean lawful currency of the United States of America. 
 “DTC” means The Depository Trust Company, and its successors. 

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

  

					
		 	10	 	Definitions (BAAT 20[    ]-[    ])

 
other short-term senior unsecured debt obligations (other than such obligations the rating of which is based on the credit of a Person other than such depository institution or trust company) of
such depository institution or trust company shall have a credit rating from Standard & Poor’s of at least “A-1” and from Moody’s of “P-1”; 

(c) commercial paper (including commercial paper of any Affiliate of the Depositor, the Servicer, the Indenture Trustee or the Owner
Trustee) having, at the time of the investment or contractual commitment to invest therein, a rating from Standard & Poor’s of at least “A-1” and from Moody’s of “P-1”; 

(d) investments in money market funds (including funds for which the Depositor, the Servicer, the Indenture Trustee or Owner Trustee or
any of their respective Affiliates is investment manager or advisor) having a rating from Standard & Poor’s of “AAA-m” or “AAAm-G” and from Moody’s of “Aaa”; and 

(e) bankers’ acceptances issued by any depository institution or trust company referred to in clause (b) above. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended and any successor law thereto, and
the regulations promulgated and rulings issued thereunder. 
 “Euroclear” means Euroclear Bank S.A./N.V., as
operator of the Euroclear system. 
 “Event of Default” has the meaning set forth in Section 5.1 of
the Indenture. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Exchange Act Reports” means any reports on Form 10-D, Form 8-K, Form 10-K and Form ABS-15G filed or to be filed by the
Depositor with respect to the Issuer under the Exchange Act. 
 “FDIC” means the Federal Deposit Insurance
Corporation or any successor agency. 
 [”FDIC Rule” means 12 C.F.R. §360.6, as such may be amended from
time to time and subject to such clarifications and interpretations as may be provided by the FDIC or by the FDIC’s staff from time to time.] 
 “Final Scheduled Payment Date” means, with respect to (i) the Class A-1 Notes, the Class A-1 Final Scheduled Payment Date, (ii) the Class A-2 Notes, the
Class A-2 Final Scheduled Payment Date, (iii) the Class A-3 Notes, the Class A-3 Final Scheduled Payment Date, (iv) the Class A-4[-A] Notes, the Class A-4[-A] Final Scheduled Payment Date, [(v) the Class A-4-B
Notes, the Class A-4-B Final Scheduled Payment Date] [and (vi) the Class B Notes, the Class B Final Scheduled Payment Date]. 
 “Financed Vehicle” means a new or used automobile, light-duty truck or similar vehicle, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable
Receivable. 

  

					
		 	11	 	Definitions (BAAT 20[    ]-[    ])

 “First Allocation of Principal” means, with respect to any Payment Date, an
amount equal to the excess, if any, of (a) the Class A Note Balance as of such Payment Date (before giving effect to any principal payments made on the Class A Notes on such Payment Date) over (b) the Pool Balance
for the Collection Period immediately preceding such Payment Date; provided, however, that the First Allocation of Principal shall not exceed the Class A Note Balance of the Class A Notes (before giving effect to any principal
payments made on the Class A Notes on such Payment Date); provided, further, that the First Allocation of Principal for any Payment Date on and after the Final Scheduled Payment Date for any Class of Class A Notes shall not be less
than the amount that is necessary to reduce the Note Balance of that class of Notes to zero. 
 “First Purchase
Agreement” means the Purchase Agreement, dated as of the Closing Date, between BANA, as seller, and the First Tier Purchaser, as amended, modified or supplemented from time to time. 

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

 “First Tier Purchaser” means BASHC. 

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

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

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

  

					
		 	12	 	Definitions (BAAT 20[    ]-[    ])

 “Indenture” means the Indenture, dated as of the Closing Date, between the
Issuer and Indenture Trustee, as the same may be amended and supplemented from time to time. 
 “Indenture
Trustee” means [            ], a [            ], not in its individual capacity but as indenture trustee under the
Indenture, or any successor trustee under the Indenture. 
 “Independent” means, when used with respect to any
specified Person, that such Person (i) is in fact independent of the Issuer, any other obligor upon the Notes, the Servicer and any Affiliate of any of the foregoing Persons, (ii) does not have any direct financial interest or any material
indirect financial interest in the Issuer, any such other obligor, the Servicer or any Affiliate of any of the foregoing Persons and (iii) is not connected with the Issuer, any such other obligor, the Servicer or any Affiliate of any of the
foregoing Persons as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions. 
 “Independent Certificate” means a certificate or opinion to be delivered to the Indenture Trustee under the circumstances described in, and otherwise complying with, the applicable
requirements of Section 11.1 of the Indenture, made by an independent appraiser or other expert appointed by an Issuer Order, and such opinion or certificate shall state that the signer has read the definition of “Independent”
in this Appendix A and that the signer is Independent within the meaning thereof. 
 “Initial Class A-1 Note
Balance” means $[            ]. 
 “Initial
Class A-2 Note Balance” means $[            ]. 

“Initial Class A-3 Note Balance” means $[            ].

 “Initial Class A-4[-A] Note Balance” means
$[            ]. 
 [”Initial Class A-4-B Note
Balance” means $[            ].] 
 [”Initial Class
B Note Balance” means $[            ].] 

[”Initial Interest Rate Swap Agreement” means the ISDA Master Agreement, dated as of the Closing Date, between the
Initial Swap Counterparty and the Issuer, the Schedule and the Credit Support Annex thereto, dated as of the Closing Date, and the Confirmations thereto, each dated as of the Closing Date, and entered into pursuant to such ISDA Master Agreement, as
the same may be amended, modified or supplemented from time to time in accordance with the terms thereof.] 
 “Initial
Note Balance” means, for any Class, the Initial Class A-1 Note Balance, the Initial Class A-2 Note Balance, the Initial Class A-3 Note Balance, the Initial Class A-4[-A] Note Balance[, the Initial Class A-4-B Note
Balance] [and the Initial Class B Note Balance], as applicable, or with respect to the Notes generally, the sum of the foregoing. 
 “Initial Pool Balance” means $[            ]. 

  

					
		 	13	 	Definitions (BAAT 20[    ]-[    ])

 [”Initial Purchaser” means
[            ], as placement agent and initial purchaser under the Certificate Purchase Agreement.] 
 [”Initial Swap Counterparty” means [            ], as the swap counterparty under the Initial Interest Rate Swap Agreement.]

 “Insurance Policy” means, with respect to a Receivable, an insurance policy covering physical damage,
warranties, debt cancellation, credit life, credit disability, theft, mechanical breakdown or similar event with respect to the related Financed Vehicle. 
 “Interest Period” means, with respect to any Payment Date, (a) with respect to the Class A-1 Notes [and the Class A-4-B Notes], the actual number of days, from and
including the previous Payment Date (or, in the case of the First Payment Date, from and including the Closing Date) to but excluding the current Payment Date (for example, for a Payment Date in February, the Interest Period is from and including
the Payment Date in January to but excluding the Payment Date in February) and (b) with respect to the Class A-2 Notes, the Class A-3 Notes, the Class A-4[-A] Notes [and the Class B Notes], from and including the 15th day of the calendar month preceding each Payment Date (or the
Closing Date in the case of the first Payment Date) to but excluding the 15th day of the current month (assuming each month has 30 days). As used herein and unless otherwise notes, the “related” Interest Period with respect to any Payment Date shall be deemed to be the
Interest Period that ends on such Payment Date (or, if such Payment Date is not the 15th day of the calendar month, then the Interest Period that ends on the 15th day of the calendar month in which such Payment Date occurs. 

“Interest Rate” means (a) with respect to the Class A-1 Notes, the Class A-1 Interest Rate, (b) with
respect to the Class A-2 Notes, the Class A-2 Interest Rate, (c) with respect to the Class A-3 Notes, the Class A-3 Interest Rate, (d) with respect to the Class A-4[-A] Notes, the Class A-4[-A] Interest Rate[,
(e) with respect to the Class A-4-B Notes, the Class A-4-B Interest Rate] [and (f) with respect to the Class B Notes, the Class B Interest Rate]. 
 [”Interest Rate Swap Agreement” means the Initial Interest Rate Swap Agreement and any Replacement Interest Rate Swap Agreement.] 

“Investment Company Act” means the Investment Company Act of 1940, as amended. 

“Issuer” means Bank of America Auto Trust 20[    ]-[    ], a Delaware statutory
trust established pursuant to the Trust Agreement, until a successor replaces it and, thereafter, means the successor and, for purposes of any provision contained herein, each other obligor on the Notes. 

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

“Issuer Order” and “Issuer Request” means a written order or request of the Issuer signed in the name
of the Issuer by any one of its Authorized Officers and delivered to the Indenture Trustee. 

  

					
		 	14	 	Definitions (BAAT 20[    ]-[    ])

 “Item 1119 Party” means the Depositor, BANA, the Servicer, the Indenture
Trustee, the Owner Trustee, any underwriter of the Notes[, any Swap Counterparty] and any other material transaction party identified by the Depositor or BANA to the Indenture Trustee and the Owner Trustee in writing. 

[”LIBOR” means, with respect to any Interest Period, the London interbank offered rate for deposits in U.S. dollars
having a maturity of one month commencing on the related LIBOR Determination Date which appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on such LIBOR Determination Date as determined by the Indenture Trustee; provided,
however, that for the first Interest Period, LIBOR shall mean a straightline interpolated rate for deposits as determined by the Indenture Trustee based on London interbank offered rates for deposits in U.S. Dollars for a period that corresponds
to the actual number of days in the first Interest Period, as set forth in the Interest Rate Swap Agreement. If the rates used to determine LIBOR do not appear on the Reuters Screen LIBOR01 Page, the rates for that day will be determined on the
basis of the rates at which deposits in U.S. dollars, having a maturity of one month and in a principal amount of not less than U.S. $1,000,000 are offered at approximately 11:00 a.m., London time, on such LIBOR Determination Date to prime banks in
the London interbank market by the reference banks. The Indenture Trustee will request the principal London office of each of such reference banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that
day will be the arithmetic mean to the nearest 1/100,000 of 1.00% (0.0000001), with five one-millionths of a percentage point rounded upward, of all such quotations. If fewer than two such quotations are provided, the rate for that day will be the
arithmetic mean to the nearest 1/100,000 of 1.00% (0.0000001), with five one-millionths of a percentage point rounded upward, of the offered per annum rates that one or more leading banks in New York City, selected by the Indenture Trustee (after
consulting with the Depositor), are quoting as of approximately 11:00 a.m., New York City time, on such LIBOR Determination Date to leading European banks for United States dollar deposits for that maturity; provided, that if the banks selected as
aforesaid are not quoting as mentioned in this sentence, LIBOR in effect for the applicable Interest Period will be LIBOR in effect for the previous Interest Period. The reference banks are the four major banks in the London interbank market
selected by the Indenture Trustee (after consultation with the Depositor).] 
 [”LIBOR Determination Date”
means the second London Business Day prior to the Closing Date with respect to the first Payment Date and, as to each subsequent Payment Date, the second London Business Day prior to the immediately preceding Payment Date.] 

“Lien” means, for any asset or property of a Person, a lien, security interest, mortgage, pledge or encumbrance in, of
or on such asset or property in favor of any other Person, except any Permitted Lien. 
 “Liquidation Expenses”
means, with respect to a Defaulted Receivable, such reasonable amount as the Servicer determines necessary in accordance with its customary procedures to refurbish, repossess and dispense of a repurchased Financed Vehicle and applied as an allowance
for amounts charged to the account of the Obligor, in keeping with the Servicer’s customary procedures, for refurbishing, repossessing and disposing of the Financed Vehicle and other out-of-pocket costs related to the liquidation. 

  

					
		 	15	 	Definitions (BAAT 20[    ]-[    ])

 “Liquidation Proceeds” means, with respect to a Defaulted Receivable, all
amounts realized with respect to such Receivable (including any amounts received by the Issuer in connection with the sale of any Deficiency Balance) net of the Liquidation Expenses and any amounts that are required to be refunded to the Obligor on
such Receivable, but in any event not less than zero. 
 “Majority Certificateholders” means Certificateholders
holding in the aggregate more than 50% of the Percentage Interests. 
 [”London Business Day” means any day
other than a Saturday, Sunday or day on which banking institutions in London, England and New York are authorized or obligated by law or government decree be closed.] 
 “Monthly Servicer Report” has the meaning set forth in Section 4.3 of the Servicing Agreement. 
 “Moody’s” means Moody’s Investors Service, Inc., or any successor that is a nationally recognized statistical rating organization. 

[”Net Swap Payment” means for the Interest Rate Swap Agreement, the net amount with respect to regularly scheduled
payments, if any, owed by the Issuer to the Swap Counterparty on the Business Day prior to each Payment Date, including prior unpaid Net Swap Payments and any interest accrued thereon, under such Interest Rate Swap Agreement; provided, that
“Net Swap Payment” does not include any Swap Termination Payments.] 
 [”Net Swap Receipts” means,
for the Interest Rate Swap Agreement, the net amounts owed by the Swap Counterparty to the Issuer, if any, on the Business Day prior to each Payment Date, excluding any Swap Termination Payments.] 

“Note” means a Class A-1 Note, Class A-2 Note, Class A-3 Note, Class A-4[-A] Note, [Class A-4-B
Note] [or Class B Note], in each case substantially in the forms of Exhibit A to the Indenture. 
 “Note
Balance” means, with respect to any date of determination, for any Class the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance, the Class A-4[-A] Note Balance, [the Class A-4-B Note
Balance] [or the Class B Note Balance], as applicable, or with respect to all of the classes of Notes, collectively, the sum of all of the foregoing. 
 “Note Depository Agreement” means the agreement, dated as of the Closing Date, between the Issuer and DTC, as the initial Clearing Agency relating to the Notes, as the same may be amended
or supplemented from time to time. 
 “Note Factor” on a Payment Date means, with respect to each Class of
Notes, a seven-digit decimal figure equal to the Note Balance of such Class of Notes as of such Payment Date (after giving effect to any payment of principal on such Payment Date) divided by the Note Balance of such Class of Notes as of the Closing
Date. The Note Factor will be 1.000000 as of the Closing Date; thereafter, the Note Factor will decline to reflect reductions in the Note Balance of such Class of Notes. 

  

					
		 	16	 	Definitions (BAAT 20[    ]-[    ])

 “Note Owner” means, with respect to a Book-Entry Note, the Person who is
the beneficial owner of such Book-Entry Note, as reflected on the books of the Clearing Agency or a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in
accordance with the rules of such Clearing Agency). 
 “Note Register” and “Note Registrar”
have the respective meanings set forth in Section 2.4 of the Indenture. 
 “Noteholder” means, as
of any date, the Person in whose name a Note is registered on the Note Register on such date. For the avoidance of doubt, the references in the Transaction Documents to a “Noteholder” shall be deemed to be references to
“Noteholders” if the context requires. 
 “Obligor” means the purchaser or co-purchasers of the
Financed Vehicle or any other Person who owes payments under a Receivable. 
 “Officer’s Certificate”
means (i) with respect to the Issuer, a certificate signed by any Authorized Officer of the Issuer and (ii) with respect to the Depositor or the Servicer, a certificate signed by the chairman of the board, the president, any executive vice
president, any vice president, the treasurer, any assistant treasurer or the controller of the Depositor or the Servicer, as applicable. 
 “Opinion of Counsel” means one or more written opinions of counsel who may, except as otherwise expressly provided in the Indenture or any other applicable Transaction Document, be
employees of or counsel to the Issuer, the Servicer or the Depositor, and which opinion or opinions comply with any applicable requirements of the Transaction Documents and are in form and substance reasonably satisfactory to the recipient(s).
Opinions of Counsel need address matters of law only and may be based upon stated assumptions as to relevant matters of fact. 

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

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

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

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

“Other Assets” means any assets (or interests therein) (other than the Trust Estate) conveyed or purported to be
conveyed by the Depositor to another Person or Persons other than the Issuer, whether by way of a sale, capital contribution or by virtue of the granting of a lien. 
 “Outstanding” means, as of any date, all Notes (or all Notes of an applicable Class) theretofore authenticated and delivered under the Indenture except: 

(i) Notes (or Notes of an applicable Class) theretofore cancelled by the Note Registrar or delivered to the Note Registrar for
cancellation; 

  

					
		 	17	 	Definitions (BAAT 20[    ]-[    ])

 (ii) Notes (or Notes of an applicable Class) or portions thereof the payment for which money
in the necessary amount has been theretofore deposited with the Indenture Trustee or any Paying Agent in trust for the related Noteholders (provided, however, that if such Notes are to be redeemed, notice of such redemption has been
duly given pursuant to the Indenture or provision therefor, satisfactory to the Indenture Trustee, has been made); and 
 (iii)
Notes (or Notes of an applicable Class) in exchange for or in lieu of other Notes (or Notes of such Class) that have been authenticated and delivered pursuant to the Indenture unless proof satisfactory to the Indenture Trustee is presented that any
such Notes are held by a bona fide purchaser; 
 provided that in determining whether Noteholders holding the requisite
Note Balance have given any request, demand, authorization, direction, notice, consent, vote or waiver hereunder or under any Transaction Document, Notes owned by the Issuer, any Certificateholders or by any of their respective Affiliates shall be
disregarded and deemed not to be Outstanding unless all Notes of such Class are then held by such parties, except that, in determining whether the Indenture Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent, vote or waiver, only Notes that a Responsible Officer of the Indenture Trustee knows to be so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be regarded as Outstanding if the
pledgee thereof establishes to the satisfaction of the Indenture Trustee such pledgee’s right so to act with respect to such Notes and that such pledgee is not the Issuer, the Depositor, the Servicer or any of their respective Affiliates.

 “Outstanding Principal Balance” means, with respect to any Receivable as of any date, the outstanding
principal balance of such Receivable calculated in accordance with the Customary Servicing Practices. 
 “Owner
Trustee” means [            ], a [            ], not in its individual capacity but solely as owner trustee under the
Trust Agreement, and any successor Owner Trustee thereunder. 
 “Paying Agent” means (i) prior to the
payment in full of principal and interest on the Notes, the Indenture Trustee or any other Person that meets the eligibility standards for the Indenture Trustee set forth in Section 6.11 of the Indenture and is authorized by the Issuer
to make the payments to and distributions from the Principal Distribution Account, including the payment of principal of or interest on the Notes on behalf of the Issuer and (ii) following the payment in full of principal and interest on the
Notes, the Certificate Paying Agent or any other Person appointed as the successor Certificate Paying Agent pursuant to Section 3.7 of the Trust Agreement. 

“Payment Date” means the 15th day of each calendar month beginning [            ],
provided, however, whenever a Payment Date would otherwise be a day that is not a Business Day, the Payment Date shall be the next Business Day. As used herein, the “related” Payment Date with respect to a Collection Period
shall be deemed to be the Payment Date which immediately follows such Collection Period. 

  

					
		 	18	 	Definitions (BAAT 20[    ]-[    ])

 “Payment Default” has the meaning set forth in Section 5.4(a)
of the Indenture. 
 “Pension Plan” means an employee pension benefit plan (as defined in Section 3(2) of
ERISA) maintained by the Depositor that is subject to Title IV of ERISA, excluding any multiemployer plan (as defined in Section 3(37) of ERISA). 
 “Percentage Interest” means, with respect to a Certificate, the individual percentage interest of such Certificate, which shall be specified on the face thereof and which shall represent
the percentage of certain distributions of the Issuer beneficially owned by such Certificateholder. The sum of the Percentage Interests for all of the Certificates shall be 100%. 

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

“Permitted Modification” has the meaning set forth in Section 3.2 of the Servicing Agreement. 

“Person” means any legal person, including any individual, corporation, partnership, joint venture, association, limited
liability company, joint stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof. 
 “Pool Balance” means (a) for any Payment Date, the aggregate Outstanding Principal Balance of the Receivables (excluding Defaulted Receivables) as of the close of business of the
last Business Day of the related Collection Period and (b) for any Collection Period, the aggregate Outstanding Principal Balance of the Receivables (excluding Defaulted Receivables) as of the close of business on the last Business Day of such
Collection Period. 
 “Pool Factor” on a Payment Date means a seven-digit decimal figure equal to the Pool
Balance as of the end of the preceding Collection Period divided by the Pool Balance as of the Cut-Off Date. The Pool Factor will be 1.000000 as of the Cut-Off Date; thereafter, the Pool Factor will decline to reflect reductions in the Pool Balance.

 “Post-Maturity Term Extension” has the meaning set forth in Section 3.2 of the Servicing
Agreement. 
 “Predecessor Note” means, with respect to any particular Note, every previous Note evidencing all
or a portion of the same debt as that evidenced by such particular Note; provided, however, for the purpose of this definition, any Note authenticated and delivered under Section 2.5 of the Indenture in lieu of a mutilated,
destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 

“Principal Distribution Account” means the account, which may be a subaccount of the Collection Account, by that name
established and maintained pursuant to Section 8.2(a)(ii) of the Indenture. 

  

					
		 	19	 	Definitions (BAAT 20[    ]-[    ])

 “Proceeding” means any suit in equity, action at law or other judicial or
administrative proceeding. 
 [”Promissory Note” has the meaning set forth in Section 2.2 of the
Purchase Agreement.] 
 “Prospectus” means the prospectus supplement, dated as of
[            ], and the prospectus, dated as of [            ]. 

“PTP” has the meaning set forth in Section 2.6 of the Trust Agreement. 

“Purchased Assets” has the meaning set forth in Section 2.1 of the Sale Agreement. 

“Rating Agency” means Moody’s or Standard & Poor’s. 

“Rating Agency Condition” means, with respect to any event or circumstance and each Rating Agency, either
(a) written confirmation (which may be in the form of a letter, press release or other publication, or a change in such Rating Agency’s published ratings criteria to this effect) by such Rating Agency that the occurrence of such event or
circumstance will not cause such Rating Agency to downgrade, qualify or withdraw its rating assigned to any of the Notes or (b) that such Rating Agency shall have been given notice of such event at least ten days prior to the occurrence of such
event (or, if ten days’ advance notice is impracticable, as much advance notice as is practicable and is acceptable to such Rating Agency) and such Rating Agency shall not have issued any written notice that the occurrence of such event or
circumstance will itself cause such Rating Agency to downgrade, qualify or withdraw its rating assigned to the Notes. 

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

  

					
		 	20	 	Definitions (BAAT 20[    ]-[    ])

 “Redemption Date” means in the case of a redemption of the Notes pursuant
to Section 10.1 of the Indenture, the Payment Date specified by the Indenture Trustee or the Issuer pursuant to Section 10.1 of the Indenture. 
 “Redemption Price” means an amount equal to the sum of (i) the unpaid Note Balance plus (ii) all accrued and unpaid interest thereon at the applicable Interest Rate for the
Notes being so redeemed, up to but excluding the Redemption Date. 
 “Reduction Event” has the meaning set
forth in Section 3.2 of the Servicing Agreement. 
 “Registered Holder” means the Person in whose
name a Note is registered on the Note Register on the related Record Date. 
 “Regular Allocation of Principal”
means, with respect to any Payment Date, an amount equal to the lesser of (i) the Note Balance of the Notes on that Payment Date (before giving effect to any payments made to the Noteholders on that Payment Date) and (ii) an amount
equal to the excess of: (A) (x) the Note Balance of the Notes on that Payment Date (before giving effect to any payments made to Noteholders on that Payment Date); minus (y) the sum of the First Allocation of Principal
and the Second Allocation of Principal, if any, in each case for such Payment Date; over (B) the Pool Balance at the end of the related Collection Period less the Targeted Overcollateralization Amount. 

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

“Relevant Trustee” means (i) prior to the payment in full of principal of and interest on the Notes, the Indenture
Trustee and (ii) following the payment in full of principal of and interest on the Notes, the Owner Trustee; provided, however, that with respect to any property that is under the joint or separate control of a co-trustee or
separate trustee under the Trust Agreement or the Indenture, respectively, “Relevant Trustee” shall refer to either or both of the Owner Trustee and such co-trustee or separate trustee or to either or both of the Indenture Trustee and such
co-trustee or separate trustee, as the case may be. 
 “Relevant Trustee’s Certificate” means the
certificate delivered pursuant to Section 7.4 of the Indenture. 
 [”Replacement Interest Rate Swap
Agreement” means any ISDA Master Agreement, dated after the Closing Date, between the Replacement Swap Counterparty and the Issuer, the Schedule and Credit Support Annex thereto, dated after the Closing Date, and the Confirmations thereto,
each dated after the Closing Date, and entered into pursuant to such ISDA Master Agreement, and pursuant to the conditions set forth in the Initial Interest Rate Swap Agreement, as the same may be amended, modified or supplemented from time to time
in accordance with the terms thereof.] 

  

					
		 	21	 	Definitions (BAAT 20[    ]-[    ])

 [”Replacement Swap Counterparty” means, with respect to any Swap
Counterparty, any replacement Swap Counterparty under a Replacement Interest Rate Swap Agreement that satisfies the conditions set forth in the Interest Rate Swap Agreement.] 
 “Reportable Event” means any event required to be reported on Form 8-K, and in any event, the occurrence of any of the following: 

(a) entry into a material definitive agreement related to the Issuer, the Notes, the Receivables or an amendment to a Transaction
Document, even if the Depositor is not a party to such agreement (e.g., a servicing agreement with a servicer contemplated by Item 1108(a)(3) of Regulation AB); 
 (b) termination of a Transaction Document (other than by expiration of the agreement on its stated termination date or as a result of all parties completing their obligations under such agreement), even
if the Depositor is not a party to such agreement (e.g., a servicing agreement with a servicer contemplated by Item 1108(a)(3) of Regulation AB); 
 (c) with respect to the Servicer only, the occurrence of a Servicing Termination Event; 
 (d) an Event of Default; 
 (e) the resignation, removal, replacement, or
substitution of the Indenture Trustee or the Owner Trustee; or 
 (f) with respect to the Indenture Trustee only, a required
distribution to holders of the Notes is not made as of the required Payment Date under the Indenture. 
 “Repurchase
Price” means, with respect to any Repurchased Receivable purchased by BANA, the Servicer, the First Tier Purchaser, the Second Tier Purchaser or the Depositor, a price equal to the Outstanding Principal Balance of such Receivable plus any
unpaid accrued interest related to such Receivable accrued to and including the end of the Collection Period preceding the date that such Repurchased Receivable was purchased by BANA, the Servicer, the First Tier Purchaser, the Second Tier Purchaser
or the Depositor, as applicable. 
 “Repurchased Receivable” means any Receivable that is repurchased pursuant
to Section 3.3 of the First Purchase Agreement, Section 3.3 of the Second Purchase Agreement, Section 3.3 of the Third Purchase Agreement, Section 3.3 of the Sale Agreement or Section 3.7
of the Servicing Agreement, as applicable. 
 “Reserve Account” means the account by that name established and
maintained pursuant to Section 8.2 of the Indenture. 
 “Reserve Account Draw Amount” means, for
any Payment Date, the amount withdrawn from the Reserve Account, equal to the lesser of (a) the Available Collections Shortfall Amount, if any for such Payment Date, or (b) the amount on deposit in the Reserve Account on such Payment Date.
In addition, if the sum of the amounts in the Reserve Account and the remaining Available Collections after the payments under clauses first through [sixth] of Section 8.4(a) of the Indenture would be sufficient to pay in full the
aggregate Outstanding Note Balance of all of the Notes, then the Reserve Account Draw Amount will include such additional amount as may be necessary to pay all Outstanding Notes in full. 

  

					
		 	22	 	Definitions (BAAT 20[    ]-[    ])

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

 “Sarbanes Certification” has the meaning set forth in Section 7.15 of the
Servicing Agreement. 
 “Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002, as amended, modified or
supplemented from time to time, and any successor law thereto. 
 “Schedule of Receivables” means, as the
context may require, the electronic data file setting forth account-level data identified by account number evidencing the Receivables that have been sold, assigned, transferred or contributed to the First Tier Purchaser by BANA, to the Second Tier
Purchaser by the First Tier Purchaser, to the Depositor by the Second Tier Purchaser and to the Issuer by the Depositor on the Closing Date, with such additions and deletions as made in accordance with the Transaction Documents. 

  

					
		 	23	 	Definitions (BAAT 20[    ]-[    ])

 “Second Allocation of Principal” means, with respect to any specified
Payment Date, an amount equal to the excess, if any, of (a)(i) the sum of the Class A Note Balance [and the Class B Note Balance] as of such Payment Date (before giving effect to any principal payments made on the Notes on such
Payment Date) minus (ii) the First Allocation of Principal for such Payment Date over (b) the Pool Balance for the Collection Period immediately preceding such Payment Date; provided, however, that the Second
Allocation of Principal shall not exceed the sum of the Class A Note Balance [and Class B Note Balance] (before giving effect to any principal payments on the Notes on such Payment Date) minus the First Allocation of Principal for
such Payment Date[; provided, further, however, that the Second Allocation of Principal on and after the Final Scheduled Payment Date for the Class B Notes shall not be less than the amount that is necessary to reduce the Note Balance
of the Class B Notes to zero (after the application of the First Allocation of Principal)]. 
 “Second Purchase
Agreement” means the Purchase Agreement, dated as of the Closing Date, between the First Tier Purchaser, as seller and the Second Tier Purchaser, as amended, modified or supplemented from time to time. 

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

 “Second Tier Purchaser” means BAASC. 

[”Section 941 Effective Date” has the meaning set forth in Section 12.4 of the Indenture.] 

[”Section 941 Rules” has the meaning set forth in Section 12.2(c) of the Indenture.] 

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

[”Senior Swap Termination Payment” means any Swap Termination Payment owed by the Issuer to the Swap Counterparty under
an Interest Rate Swap Agreement that is not a Subordinated Swap Termination Payment.] 
 “Servicer” means BANA,
in its capacity as servicer under the Servicing Agreement. 
 “Servicer Termination Event” has the meaning set
forth in Section 6.1 of the Servicing Agreement. 
 “Servicing Agreement” means the agreement,
dated as of the Closing Date, between BANA, as Servicer and Custodian, the Issuer and the Indenture Trustee, as the same may be amended and supplemented from time to time. 
 “Servicing Criteria” shall mean the “servicing criteria” set forth in Item 1122(d) of Regulation AB. 

“Servicing Fee” means, for any Payment Date (other than the initial Payment Date), will be an amount equal to the
product of (A) one twelfth, (B) the Servicing Fee Rate and (C) the Pool Balance as of the last day of the related Collection Period immediately preceding the related Collection Period. The Servicing Fee for the initial payment date
will be an amount equal to the sum of (A) the product of (1) one-twelfth, (2) the Servicing Fee Rate and (3) the Initial Pool Balance plus (B) the product of (1) one-twelfth, (2) the Servicing Fee Rate and
(3) the Pool Balance of the Receivables as of [            ]. 

  

					
		 	24	 	Definitions (BAAT 20[    ]-[    ])

 “Servicing Fee Rate” means [1.00]% per annum. 

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

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

“Simple Interest Receivable” means any motor vehicle receivable pursuant to which the payments due from the Obligors
during any month are allocated between interest, principal and other charges based on the actual date on which a payment is received and for which interest is calculated using the Simple Interest Method. 

“Specified Reserve Account Balance” means, $[            ],
which is approximately [    ]% of the aggregate Initial Pool Balance; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the
Notes, the “Specified Reserve Account Balance” shall be $0. 
 “Sponsor” means BANA. 

“STAMP” has the meaning set forth in Section 2.4(d) of the Indenture. 

“Standard & Poor’s” means Standard & Poor’s Ratings Services, a Standard &
Poor’s Financial Services LLC business, or any successor that is a nationally recognized statistical rating organization. 

“State” means any one of the 50 states of the United States of America or the District of Columbia. 

“Statutory Trust Act” means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. 

[”Subordinated Swap Termination Payment” means any Swap Termination Payment owed by the Issuer to the Swap Counterparty
under an Interest Rate Swap Agreement where the Swap Counterparty is the “defaulting party” or “sole affected party” (other than with respect to, “illegality”, or a “tax event”, as each such term is defined in
the Interest Rate Swap Agreement) because of an “event of default” or “termination event” under the Internet Rate Swap Agreement.] 

  

					
		 	25	 	Definitions (BAAT 20[    ]-[    ])

 “Supplemental Servicing Fees” means any late fees, prepayment charges,
extension fees and other administrative fees and expenses or similar charges allowed by applicable law collected (from whatever source) on the Receivables during each Collection Period. 

[”Swap Collateral Account” means a single, segregated trust account in the name of the Indenture Trustee, which shall be
designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 2.16(e) of the Indenture.] 

[”Swap Counterparty” means the Initial Swap Counterparty and any Replacement Swap Counterparty.] 

[”Swap Replacement Proceeds” means any amounts received from a Replacement Swap Counterparty in consideration for
entering into a Replacement Interest Rate Swap Agreement for a terminated Interest Rate Swap Agreement.] 
 [”Swap
Termination Payment” means any payment due to the Swap Counterparty by the Issuer or to the Issuer by the Swap Counterparty, including interest that may accrue thereon, due to a termination of the Interest Rate Swap Agreement due to an
“event of default” or “termination event” under the Interest Rate Swap Agreement.] 
 [”Swap
Termination Payment Account” means an Eligible Account held in the United States in the name of the Indenture Trustee which shall be held in trust for the benefit of the Noteholders and the Swap Counterparty pursuant to
Section 2.16 of the Indenture.] 
 “Targeted Overcollateralization Amount” means, for any Payment
Date, [the greater of (a) [    ]% of the Pool Balance on such Payment Date and (b)] [    ]% of the Initial Pool Balance. 
 “Third Purchase Agreement” means the Purchase Agreement, dated as of the Closing Date, between the Second Tier Purchaser, as seller and the Depositor, as amended, modified or supplemented
from time to time. 
 “Third Tier Purchased Assets” has the meaning set forth in Section 2.1 of the
Third Purchase Agreement. 
 “Third Tier Purchaser” means the Depositor. 

“TIA” or “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended and as in force on the
date hereof, unless otherwise specifically provided. 
 “Transaction Documents” means the Indenture, the Notes,
the Note Depository Agreement, the Sale Agreement, the Servicing Agreement, the First Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement, [each Interest Rate Swap Agreement,] the Trust Agreement, the Account Control
Agreement and the Administration Agreement, as the same may be amended or modified from time to time. 
 “Transfer
Agreements” means the First Purchase Agreement, the Second Purchase Agreement, the Third Purchase Agreement and the Sale Agreement. 

  

					
		 	26	 	Definitions (BAAT 20[    ]-[    ])

 “Treasury Regulations” means regulations, including proposed or temporary
regulations, promulgated under the Code. References to specific provisions of proposed or temporary regulations shall include analogous provisions of final Treasury Regulations or other successor Treasury Regulations. 

“Trust Account Property” means the Trust Accounts, all amounts and investments held from time to time in any Trust
Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing. 
 “Trust Accounts” has the meaning set forth in Section 8.2(a)(iii) of the Indenture. 
 “Trust Agreement” means the Trust Agreement, dated as of [            ], and as amended and restated by the Amended and
Restated Trust Agreement, dated as of the Closing Date, between the Depositor and the Owner Trustee, as the same may be amended and supplemented from time to time. 
 “Trust Estate” means all money, accounts, chattel paper, general intangibles, goods, instruments, investment property and other property of the Issuer, including without limitation
(i) the Purchased Assets, (ii) all right, title and interest of the Issuer in, to and under the Sale Agreement, including the right to cause the Depositor to repurchase Receivables under certain circumstances, (iii) the rights of the
Issuer to the funds on deposit from time to time in the Trust Accounts and any other account or accounts (other than the Certificate Distribution Account) established pursuant to the Indenture and all cash, investment property and other property
from time to time credited thereto and all proceeds thereof (including investment earnings, net of losses and investment expenses, on amounts on deposit therein)[, (iv) all of the Issuer’s rights under the Interest Rate Swap Agreement and
payments made by the Swap Counterparty under the Interest Rate Swap Agreement] and (v) all proceeds of the foregoing. 

“UCC” means, unless the context otherwise requires, the Uniform Commercial Code as in effect in the relevant
jurisdiction, as amended from time to time. 
 “Underwriter” or “Underwriters” means
collectively, [            ], [            ], [            ] and
[            ], as underwriters of the Notes from Depositor. 

“Underwriting Agreement” means the Underwriting Agreement, dated as of
[            ], among [            ], as underwriter and as representative of the Underwriters, the other Underwriters party
thereto, BANA and the Depositor. 
 “United States,” “U.S.” or “USA” means
the United States of America (including all states, the District of Columbia, political subdivisions and territories thereof). 

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

  

					
		 	27	 	Definitions (BAAT 20[    ]-[    ])Form of Servicing Agreement

 Exhibit 10.3 
 SERVICING AGREEMENT 
 among 

BANK OF AMERICA, NATIONAL ASSOCIATION, 
 as Servicer and as Custodian 
 BANK OF AMERICA AUTO TRUST 20[__]-[_],

 as Issuer 
 and 

[            ], 

as Indenture Trustee 
 Dated as of [            ] 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I DEFINITIONS AND USAGE
	  	 	1	  
		
	 Section 1.1.            Definitions
	  	 	1	  
		
	 ARTICLE II SERVICER AS CUSTODIAN
	  	 	1	  
		
	 Section 2.1.            Custody of Receivable Files
	  	 	1	  
		
	 Section 2.2.            Effective Period, Termination, and Amendment;
Interpretive and Additional Provisions
	  	 	2	  
		
	 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND PURCHASED PROPERTY
	  	 	3	  
		
	 Section 3.1.            Duties of Servicer
	  	 	3	  
		
	 Section 3.2.            Collection of Receivable Payments
	  	 	4	  
		
	 Section 3.3.            Realization Upon Receivables
	  	 	6	  
		
	 Section 3.4.            Allocations of Collections
	  	 	7	  
		
	 Section 3.5.            Maintenance of Security Interests in Financed
Vehicles
	  	 	7	  
		
	 Section 3.6.            Covenants of Servicer
	  	 	7	  
		
	 Section 3.7.            Purchase of Receivables Upon Breach by the
Servicer
	  	 	7	  
		
	 Section 3.8.            Servicing Fee and Supplemental Servicing Fee
Payable to the Servicer
	  	 	8	  
		
	 Section 3.9.            Annual Statement as to Compliance; Notice of
Servicer Termination Event
	  	 	8	  
		
	 Section 3.10.          Servicer Expenses
	  	 	9	  
		
	 Section 3.11.          Annual Registered Public Accounting Firm Attestation
Report
	  	 	9	  
		
	 Section 3.12.          Exchange Act Filings
	  	 	9	  
		
	 Section 3.13.          Form 15
	  	 	9	  
		
	 Section 3.14.          [Compliance with the FDIC Rule
	  	 	9	  
		
	 ARTICLE IV DISTRIBUTIONS; STATEMENTS
	  	 	9	  
		
	 Section 4.1.            Establishment of Accounts; Deposits into
Collection Account
	  	 	9	  
		
	 Section 4.2.            Retention of Servicing Fees
	  	 	10	  
		
	 Section 4.3.            Statements to Issuer
	  	 	10	  
		
	 ARTICLE V THE SERVICER
	  	 	10	  
		
	 Section 5.1.            Representations of Servicer
	  	 	10	  
		
	 Section 5.2.            Indemnities of Servicer
	  	 	11	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 Section 5.3.            Merger or Consolidation of, or Assumption of the
Obligations of, Servicer
	  	 	12	  
		
	 Section 5.4.            Limitation on Liability of Servicer and
Others
	  	 	12	  
		
	 Section 5.5.            Subservicer and Delegation of
Duties
	  	 	12	  
		
	 Section 5.6.            Servicer Not to Resign as Servicer
	  	 	13	  
		
	 Section 5.7.            Servicer May Own Notes or
Certificates
	  	 	13	  
		
	 Section 5.8.            Sarbanes-Oxley Act Requirements
	  	 	13	  
		
	 ARTICLE VI SERVICING TERMINATION
	  	 	14	  
		
	 Section 6.1.            Servicer Termination Events
	  	 	14	  
		
	 Section 6.2.            Appointment of Successor Servicer
	  	 	15	  
		
	 Section 6.3.            Notification to Noteholders and
Certificateholders
	  	 	16	  
		
	 Section 6.4.            Waiver of Past Servicer Termination
Events
	  	 	16	  
		
	 Section 6.5.            Termination
	  	 	17	  
		
	 Section 6.6.            Optional Purchase of All
Receivables
	  	 	17	  
		
	 ARTICLE VII MISCELLANEOUS PROVISIONS
	  	 	17	  
		
	 Section 7.1.            Amendment
	  	 	17	  
		
	 Section 7.2.            Counterparts
	  	 	19	  
		
	 Section 7.3.            GOVERNING LAW
	  	 	19	  
		
	 Section 7.4.            Submission to Jurisdiction; Waiver of Jury
Trial
	  	 	19	  
		
	 Section 7.5.            Headings and Cross-References
	  	 	20	  
		
	 Section 7.6.            Notices
	  	 	20	  
		
	 Section 7.7.            Severability of Provisions
	  	 	20	  
		
	 Section 7.8.            Further Assurances
	  	 	20	  
		
	 Section 7.9.            Waivers
	  	 	20	  
		
	 Section 7.10.          Cumulative Remedies
	  	 	20	  
		
	 Section 7.11.          Third-Party Beneficiaries
	  	 	20	  
		
	 Section 7.12.          Nonpetition Covenant
	  	 	21	  
		
	 Section 7.13.          Limitation of Liability
	  	 	21	  
		
	 Section 7.14.          Regulation AB
	  	 	21	  
		
	 Section 7.15.          Information to Be Provided by the Indenture
Trustee
	  	 	21	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 Section 7.16.          Form 8-K Filings
	  	 	23	  
		
	 Section 7.17.          Indemnification
	  	 	23	  
		
	 Section 7.18.          Not applicable to BANA in other
Capacities
	  	 	23	  
		
	 Section 7.19.          [Limitation of Rights]
	  	 	23	  

  
 iii

 TABLE OF CONTENTS 

 

					
	 	 	 	 	Page
	 EXHIBIT A
	 	FORM OF MONTHLY SERVICER REPORT	 	
			
	 EXHIBIT B
	 	SERVICING CRITERIA TO BE ADDRESSED IN INDENTURE TRUSTEE’S ASSESSMENT OF COMPLIANCE	 	
			
	 EXHIBIT C
	 	FORM OF INDENTURE TRUSTEE’S ANNUAL CERTIFICATION	 	

  
 i 

 This SERVICING AGREEMENT, (as amended, modified or supplemented from time to time, this
“Agreement”), is made as of [            ], among Bank of America, National Association, a national banking association (“BANA”), as servicer (in such
capacity, the “Servicer”) and as custodian (in such capacity, the “Custodian”), Bank of America Auto Trust 20[__]-[_], a Delaware statutory trust, as issuer (the “Issuer”), and
[            ], a [            ], as indenture trustee (the “Indenture Trustee” and together with the Servicer,
the Custodian, the Indenture Trustee and the Issuer, the “Parties” and each a “Party”). 
 1.
The Issuer purchased a specified portfolio of receivables consisting of motor vehicle installment loans and retail installment sales contracts and related property from Bank of America Auto Receivables Securitization, LLC, a Delaware limited
liability company (the “Depositor”). 
 2. The Servicer is willing to service, on behalf of the Issuer, the
Receivables. 
 3. The Servicer is willing to act as the custodian, on behalf of the Issuer, of the Receivables and related
property. 
 In consideration of the foregoing, other good and valuable consideration, and the mutual terms and covenants
contained herein, the Parties hereto agree as follows: 
 ARTICLE I 

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

ARTICLE II 

SERVICER AS CUSTODIAN 
 Section 2.1. Custody of Receivable Files. To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Indenture Trustee, upon the execution and delivery of
this Agreement, hereby revocably appoints BANA to act as Custodian, and BANA hereby accepts such appointment, to act solely as the agent for the Indenture Trustee, as pledgee of the Issuer and as custodian of the following documents or instruments,
which are hereby constructively delivered to the Indenture Trustee, as pledgee of the Issuer pursuant to the Indenture (collectively, the “Receivable Files”) with respect to each Receivable (but only to the extent applicable to such
Receivable and only to the extent held in tangible paper form): 

 (a) the fully executed original of the installment sale contract or the promissory note and
security agreement, as applicable, for such Receivable (with respect to tangible chattel paper) or an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of the Receivable (with respect to electronic chattel paper)
or, if no such original executed Receivable or authoritative copy exists, a copy thereof, including any written amendment or extensions thereto; provided, however, that an authoritative copy may be held by a third party service
provider; 
 (b) the original credit application, an electronic image thereof or a photocopy thereof to the extent held in paper
form; 
 (c) the original Certificate of Title for the related Financed Vehicle (or evidence that such certificate of title has
been applied for) or such other documents (electronic or otherwise, as used in the applicable jurisdiction) that the Servicer will keep on file, in accordance with its normal policies and procedures, evidencing the security interest of BANA, as
first lienholder or secured party, in such Financed Vehicle; provided, however, that in lieu of being held in the Receivable File, the Certificate of Title may be held by a third party service provider engaged by the servicer to obtain or to
hold the Certificate of Title; and 
 (d) any and all other documents that the Servicer keeps on file in accordance with its
Customary Servicing Practices relating to the individual Receivable, Obligor or Financed Vehicle. 
 The Issuer and the
Indenture Trustee shall have no responsibility to monitor the Servicer’s performance as custodian and shall have no liability in connection with the Servicer’s performance of such duties hereunder. 

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

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

  
 2 

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

  
 3 

 
assignment in trust for the benefit of the Issuer, as applicable, as may be reasonably necessary for the Servicer to take any of the actions set forth in the following sentence. The Servicer is
hereby authorized and empowered by the Issuer and the Indenture Trustee to execute and deliver in the Servicer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in connection with any such
Proceeding. If in any enforcement suit or legal proceeding it shall be held that the Servicer may not enforce a Receivable on the grounds that it shall not be a real party in interest or a holder entitled to enforce such Receivable, the Issuer
shall, at the Servicer’s expense and direction, take steps to enforce such Receivable, including bringing suit in the name of the Issuer. The Issuer shall furnish the Servicer with any powers of attorney and other documents and take any other
steps which the Servicer may deem necessary or appropriate to enable the Servicer to carry out its duties herein. Except to the extent required by the preceding two sentences, the authority and rights granted to the Servicer in this
Section 3.1 shall be nonexclusive and shall not be construed to be in derogation of the retention by the Issuer or the Indenture Trustee of equivalent authority and rights. 

Section 3.2. Collection of Receivable Payments. (a) The Servicer will make reasonable efforts to collect all payments
called for under the terms and provisions of the Receivables as and when the same become due in accordance with its Customary Servicing Practices. Subject to Section 3.6, the Servicer may grant [Permitted Modifications, but not any other
extension, deferral, amendment, modification, alteration or adjustment,] with respect to any Receivable in accordance with its Customary Servicing Practices; provided, however, that if the Servicer (i) extends the date for final
payment by the Obligor of any Receivable beyond the last day of the Collection Period preceding the Final Scheduled Payment Date for the latest maturing Class of Notes (such extension, a “Post-Maturity Term Extension”), or
(ii) reduces the Annual Percentage Rate or the Outstanding Principal Balance with respect to any Receivable (such reduction, a “Reduction Event”) other than as required by applicable law (including, without limitation, by the
Servicemembers Civil Relief Act) or by court order it will promptly purchase such Receivable in the manner provided in Section 3.7; provided, further, that the Servicer shall not make any modification described in the
preceding proviso that would trigger a purchase pursuant to the above provisions or pursuant to Section 3.7, in either case for the sole purpose of enabling the Servicer to purchase a Receivable from the Issuer. The Servicer shall not be
required to make any advances of funds or guarantees regarding collections, cash flows or distributions. Payments on the Receivables, including payoffs, made in accordance with the related documentation for such Receivables, shall be posted to the
Servicer’s records related to such Receivables in accordance with the its Customary Servicing Practices. Such payments shall be allocated to principal, interest or other items in accordance with the related documentation for such Receivables.

 [”Permitted Modification” means an extension, deferral, amendment, modification, alteration or adjustment to the terms of,
or with respect to, any Receivable with respect to which at least one of the following conditions has been satisfied: 
 (i) any amendment, modification, alteration or adjustment, individually and collectively with any other amendment, modification, alteration or adjustment proposed to be made with respect to the
Receivable, is ministerial in nature; 

  
 4 

 (ii) in the case of an extension or deferral, (A) the Obligor is in
payment default or, in the judgment of the Servicer in accordance with Customary Servicing Practices, it is reasonably foreseeable that the Obligor will default (it being understood that the Servicer may proactively contact any Obligor whom the
Servicer believes may be at higher risk of a payment default under the related Receivable) and (B) the number of monthly payments on such Receivable that are extended or deferred does not exceed six monthly payments or, if the Receivable has an
original term greater than 72 months, does not exceed seven monthly payments, in each case, exclusive of any Permitted Modification in accordance with clause (iii) below; 

(iii) in the case of an extension or deferral, (A) the Obligor’s address is within a geographic area determined
by the President of the United States or the Governor of the applicable State to warrant individual, or individual and public, assistance from the federal government under the Robert T. Stafford Disaster Relief and Emergency Assistance Act or
similar State law, as the case may be, and (B) the number of monthly payments on such Receivable that are extended or deferred pursuant to clause (iii)(A) may not exceed four monthly payments (exclusive of any Permitted Modification in
accordance with clause (ii) above); or 
 (iv) any such extension, deferral, amendment, modification,
alteration or adjustment, including a “payment holiday” or “skip-a-pay” extension granted to an Obligor, is in accordance with the Servicer’s Customary Servicing Practices and the Servicer has delivered an opinion to the
Issuer, the Indenture Trustee and the Owner Trustee to the effect that such extension, deferral, amendment, modification, alteration or adjustment will not cause the Issuer to be treated, for United States federal income tax purposes, as an
association (or a publicly traded partnership) taxable as a corporation or as other than a grantor trust of the type described in Treasury Regulation section 301.7701-4(c). 
 (b) The Servicer may in its discretion waive any late payment charge or any other fees that may be collected in the ordinary course of servicing a Receivable.] 

(c) The Servicer shall distribute to the applicable Obligor any rebates or refunds of premiums with respect to the cancellation or
termination of any insurance policy, extended warranty or service contract required by law or contract to be returned to such Obligor (but only to the extent such amounts are actually received by the Servicer). 

(d) Records documenting collection efforts with respect to any Receivable shall be maintained by the Servicer during the period a
Receivable is delinquent in accordance with the Servicer’s Customary Servicing Practices. Such records shall be maintained on at least a periodic basis that is not less frequent than the Servicer’s Customary Servicing Practices, and
describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment) in accordance with
the Servicer’s Customary Servicing Practices. 
 (e) The Servicer shall not be required to maintain a fidelity bond or
errors and omissions policy. 

  
 5 

 (f) Notwithstanding anything in this Agreement to the contrary, the Servicer may refinance
any Receivable by making a new loan to the related Obligor and depositing the full Outstanding Principal Balance of such Receivable into the Collection Account. The receivable created by such refinancing shall not be the property of the Issuer. The
Outstanding Principal Balance shall be treated for all purposes, including for tax purposes, as a payoff of all amounts owed by the related Obligor with respect to such Receivable and the lien created by such Receivable in the related Financed
Vehicle shall be released at the time of such refinancing. 
 Section 3.3. Realization Upon Receivables. (a) On
behalf of the Issuer, the Servicer shall use commercially reasonable efforts, consistent with its Customary Servicing Practices, to repossess or otherwise convert the ownership of the Financed Vehicle securing any Receivable as to which the Servicer
has determined eventual payment in full is unlikely unless it determines in its sole discretion that repossession will not increase the Liquidation Proceeds by an amount greater than the expense of such repossession or that the proceeds ultimately
recoverable with respect to such Receivable would be increased by forbearance. The Servicer is authorized to follow such Customary Servicing Practices as it follows in its servicing of comparable motor vehicle receivables, which practices, policies
and procedures may include selling the Financed Vehicles at public or private sale and other actions by the Servicer in order to realize upon such a Receivable. The foregoing is subject to the provision that, in any case in which the Financed
Vehicle shall have suffered damage, the Servicer shall not be required to expend funds in connection with any repair or towards the repossession of such Financed Vehicle unless it shall reasonably determine in its discretion that such repair and/or
repossession shall increase the proceeds of liquidation of the related Receivable by an amount greater than the amount of such expenses. After repossession of a Financed Vehicle, the Servicer shall in accordance with its Customary Servicing
Practices sell such Financed Vehicle in a public or private sale as soon as is practicable after repossession, subject to any applicable laws. The Servicer is authorized to take any and all actions necessary or appropriate on behalf of the Issuer to
evidence the sale of the Financed Vehicle at public or private sale free from any Lien or other interest of the Issuer or the Indenture Trustee. The Servicer shall be entitled to receive Liquidation Expenses with respect to each Defaulted Receivable
at such time as the Receivable becomes a Defaulted Receivable from the related Liquidation Proceeds. 
 (b) The Servicer may from
time to time (but is not required to) sell any Deficiency Balance in accordance with its Customary Servicing Practices[; provided, however, that (i) such sale must be to a Person who is not an Affiliate of the Servicer,
(ii) each sale must be made at a price equal to the fair market value of such Deficiency Balance in cash in immediately available funds and (iii) such sale must be without recourse, representation or warranty by the Issuer or the Servicer
(other than any representation or warranty regarding the absence of Liens, that the Issuer has good title to the Deficiency Balance, or similar representation or warranty).] Net proceeds of any such sale allocable to the related Receivable will
constitute Liquidation Proceeds, and the sole right of the Issuer and the Indenture Trustee with respect to any such Receivable will be to receive such Liquidation Proceeds. Upon such sale, (i) the Indenture Trustee shall release the lien on
any Deficiency Balance sold and (ii) the Servicer will mark its computer records indicating that any such Receivable has been sold. 

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

Section 3.7. Purchase of Receivables Upon Breach by the Servicer. Upon discovery by any party to this Agreement of (i) a
Post-Maturity Term Extension or a Reduction Event as contemplated by Section 3.2 or (ii) a breach of any of the covenants set forth in Sections 3.5 or 3.6 that materially and adversely affects the interest of the
Noteholders, the party discovering such event described in clause (i) or (ii) herein shall give prompt written notice thereof to the other party hereto; provided, that delivery of the Monthly Servicer Report, which
identifies Receivables that are being or have been purchased, shall be deemed to constitute prompt notice of such event; provided, further, the failure to give such notice shall not affect any obligation of the Servicer hereunder. If
(i) either a Post-Maturity Term Extension or Reduction Event occurs with respect to any Receivable or (ii) a breach of any of the covenants set forth in Sections 3.5 or 3.6 materially and adversely affects the interests
of the Noteholders, then the Servicer shall either (i) correct or cure such breach or (ii) purchase such Receivable from the holder thereof, in either case on or before the last day of the second Collection Period (or, at the option of the
Servicer, the last day of the first Collection Period) following the date the Servicer became aware of or was notified of such breach. Any such breach or failure of the covenants set forth in Sections 3.5 or 3.6 will be deemed to
not have a material and adverse effect if such breach or failure does not affect the ability of the Issuer (or its assignee) to collect, receive and retain timely payment in full on such Receivable, including Liquidation Proceeds. Any such purchase
by the Servicer shall be at a price equal to the related Repurchase Price. In consideration for such purchase, the Servicer shall make a payment to the Issuer equal to the Repurchase Price by depositing such amount into the Collection Account on the
Business Day prior to the Payment Date immediately following the date of such repurchase. Upon receipt by the Issuer of such Repurchase Price by the Servicer, the Issuer shall (and shall cause the Indenture Trustee to) release and execute and
deliver such instruments of release, transfer or assignment, in each case without recourse or 

  
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representation, as may be reasonably requested by the Servicer to evidence such release, transfer or assignment or more effectively vest in the Servicer or its designee all of the Issuer’s
rights (and, if applicable, the Indenture Trustee’s rights and security interest) in any Receivable and related Purchased Assets repurchased pursuant to this Section 3.7. It is understood and agreed that the right to cause the
Servicer to purchase any Receivable as described above shall constitute the sole remedy (except as provided in Section 5.2 of this Agreement) against the Servicer for such breach available to the Issuer. 

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

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

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

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

Such Servicing Fee will be payable by the Issuer on each Payment Date in accordance with the priorities set forth in
Sections 5.4(b) and 8.4(a) of the Indenture. 
 (b) Supplemental Servicing Fee. In addition to the
Servicing Fee, and as additional compensation for its services rendered under this Agreement, the Servicer will be entitled to retain any late fees, prepayment charges, extension fees and other administrative fees and expenses or similar charges
allowed by applicable law collected (from whatever source) on the Receivables during each Collection Period (such amounts, the “Supplemental Servicing Fee”). 
 Section 3.9. Annual Statement as to Compliance; Notice of Servicer Termination Event. (a) So long as the Depositor is filing any reports with respect to the Issuer under the Exchange Act,
the Servicer will deliver to the Issuer, with a copy to the Indenture Trustee and the Owner Trustee, on or before March 30 of each year beginning March 30, 20[__], an Officer’s Certificate (with appropriate insertions), providing such
information as is required under Item 1123 of Regulation AB. 
 (b) The Servicer will deliver to the Issuer, with a copy to
the Indenture Trustee, the Owner Trustee and the Administrator promptly after having obtained knowledge thereof, notice of the occurrence of any Servicer Termination Event. Except to the extent set forth in this Sections 3.9(b), 6.3
and 7.16 of this Agreement and Sections 3.12 and 6.5 of the Indenture, the Transaction Documents do not require any policies or procedures to monitor any performance or other triggers and Events of Default. 

(c) So long as the Depositor is filing any reports with respect to the Issuer under the Exchange Act, the Servicer will deliver to the
Issuer, on or before March 30 of each year, beginning on March 30, 20[        ], a report regarding the Servicer’s assessment of compliance with the Servicing Criteria during the
immediately preceding calendar year, including disclosure of any material instance of non-compliance identified by the Servicer, as required under paragraph (b) of Rule 13a, 18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation
AB. 

  
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 Section 3.10. Servicer Expenses. Subject to any limitations on the
Servicer’s liability herein, the Servicer will be required to pay all expenses incurred by it in connection with its activities hereunder, including fees, expenses and disbursements of any independent accountants and taxes imposed on the
Servicer, except expenses incurred in realizing upon Receivables under Section 3.3. 

Section 3.11. Annual Registered Public Accounting Firm Attestation Report. So long as the Depositor is
filing any reports with respect to the Issuer under the Exchange Act, on or before March 30th of each year, beginning March, 30, 20[__], the Servicer shall cause a registered public accounting firm, who may also render other services to the Servicer or to its Affiliates, to furnish to the
Servicer and the Depositor, each attestation report on assessments of compliance with the Servicing Criteria with respect to the Servicer or any Affiliate thereof during the related fiscal year delivered by such accountants pursuant to paragraph
(c) of Rule 13a-18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. The certification required by this paragraph may be replaced by any similar certification using other procedures or attestation standards which are now
or in the future in use by servicers of comparable assets, or which otherwise comply with any rule, regulation, “no action” letter or similar guidance promulgated by the Commission. 

Section 3.12. Exchange Act Filings. The Issuer hereby authorizes the Servicer and the Depositor, or either of them, to
prepare, sign, certify and file any and all reports, statements and information respecting the Issuer and/or the Notes required to be filed pursuant to the Exchange Act and the rules thereunder. 

Section 3.13. Form 15. The Depositor shall file a Form 15 (or applicable successor form) to suspend the Depositor’s
reporting obligations with respect to the Issuer under the Exchange Act as soon as legally permissible (absent a change in circumstances making such a filing, in the judgment of the Depositor, imprudent). 

Section 3.14. [Compliance with the FDIC Rule. The Servicer agrees (i) to perform the covenants set forth in Article
XII of the Indenture applicable to it and (ii) to facilitate compliance with Article XII of the Indenture by the Bank of America Parties.] 
 ARTICLE IV 
 DISTRIBUTIONS; STATEMENTS 

Section 4.1. Establishment of Accounts; Deposits into Collection Account. 

(a) The Servicer shall cause to be established the Trust Accounts and the Certificate Distribution Account in the manner set forth in
Section 8.2(a) of the Indenture. If the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Owner Trustee shall comply as necessary and appropriate with Section 5.6 of the Trust
Agreement if the Certificate Distribution Account is not then held by the Owner Trustee or an Affiliate thereof. 
 (b) The
Servicer shall deposit all Collections on the Receivables into the Collection Account within the time, not to exceed two Business Days, necessary for the Servicer to clear any payments of Collections received. Pending deposit in the Collection
Account, Collections may be used by the Servicer at its own risk and are not required to be segregated from its own funds. 

  
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 (c) The Servicer may select Eligible Investments with respect to funds on deposit in the
Collection Account in accordance with Section 8.3 of the Indenture. 
 Section 4.2. Retention of Servicing
Fees. Supplemental Servicing Fees may be retained by the Servicer, and need not be deposited into the Collection Account. 

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

Section 5.1. Representations of Servicer. The Servicer makes the following representations as of the Cut-Off Date and as of
the Closing Date: 
 (a) Existence and Power. The Servicer is a national banking association validly existing and in good
standing under the laws of the United States and has, in all material respects, full power and authority to own its assets and operate its business as presently owned or operated, and to execute, deliver and perform its obligations under the
Transaction Documents to which it is a party or affect the enforceability or collectibility of the Receivables or any other part of the Purchased Assets. The Servicer has obtained all necessary licenses and approvals in each jurisdiction where the
failure to do so would materially and adversely affect the ability of the Servicer to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the Purchased
Assets. 
 (b) Authorization and No Contravention. The execution, delivery and performance by the Servicer of the
Transaction Documents to which it is a party have been duly authorized by all necessary action on the part of the Servicer and do not contravene or constitute a default under (i) any applicable law, rule or regulation, (ii) its
organizational documents or (iii) any material indenture or material agreement or instrument to which the Servicer is a party or by which its properties are bound (other than violations of such laws, rules, regulations, indentures or agreements
which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or the Servicer’s ability to perform
its obligations under, the Transaction Documents). 

  
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 (c) No Consent Required. No approval or authorization by, or filing with, any
Governmental Authority is required in connection with the execution, delivery and performance by the Servicer of any Transaction Document other than (i) UCC filings, (ii) approvals and authorizations that have previously been obtained and
filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a material adverse effect on the enforceability or collectibility of the Receivables or any other part of the
Purchased Assets or would not materially and adversely affect the ability of the Servicer to perform its obligations under the Transaction Documents. 
 (d) Binding Effect. Each Transaction Document to which the Servicer is a party constitutes the legal, valid and binding obligation of the Servicer enforceable against the Servicer in accordance
with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, receivership, conservatorship or other similar laws affecting the enforcement of creditors’ rights generally and, if
applicable, the rights of creditors of national banks from time to time in effect or by general principles of equity. 
 (e)
No Proceedings. There are no actions, orders, suits or Proceedings pending or, to the knowledge of the Servicer, threatened against the Servicer before or by any Governmental Authority that (i) assert the invalidity or unenforceability
of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek
any determination or ruling that would materially and adversely affect the performance by the Servicer of its obligations under this Agreement or any of the other Transaction Documents or have a material adverse effect on the Noteholders or
(iv) relating to the Servicer that would materially and adversely affect the federal or Applicable Tax State income, excise, franchise or similar tax attributes of the Notes. 

Section 5.2. Indemnities of Servicer. The Servicer shall be liable in accordance with this Agreement only to the extent of
the obligations in this Agreement specifically undertaken by the Servicer. Such obligations shall include the following: 
 (a)
The Servicer will compensate and indemnify the Indenture Trustee to the extent and subject to the conditions set forth in Section 6.7 of the Indenture. The Servicer will compensate and indemnify the Owner Trustee to the extent and
subject to the conditions set forth in Section 8.1 and 8.2 of the Trust Agreement. The Servicer will compensate and indemnify the Administrator to the extent and subject to the conditions set forth in Section 3 of the
Administration Agreement. 
 (b) The Servicer shall defend, indemnify and hold harmless the Issuer, the Owner Trustee, the
Indenture Trustee, the Noteholders, the Certificateholder and the Depositor from and against any and all costs, expenses, losses, damages, claims and liabilities, arising out of or resulting from the use, ownership or operation by the Servicer or
any Affiliate thereof of a Financed Vehicle. 
 (c) Indemnification under this Section 5.2 by Servicer (or any
successor thereto) pursuant to Sections 5.3 and 5.6, as Servicer, with respect to the period such Person was the Servicer, shall survive the termination of such Person as Servicer or a resignation by such Person as Servicer as well as
the termination of this Agreement or the resignation or removal of the Owner Trustee or the Indenture Trustee and shall include reasonable fees and expenses of 

  
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counsel and expenses of litigation. If the Servicer shall have made any indemnity payments pursuant to this Section 5.2 and the Person to or on behalf of whom such payments are made
thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Servicer, without interest. 
 (d) The Servicer shall indemnify the Securities Intermediary to the extent and subject to the conditions set forth in Section 8 of the Account Control Agreement. 

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

Section 5.4. Limitation on Liability of Servicer and Others. (a) None of the Servicer, the Custodian or any of the
directors, officers, employees or agents of the Servicer or the Custodian shall be under any liability to the Indenture Trustee, the Issuer, the Noteholders, the Certificateholders or any other Person for any action it takes or omits to take in good
faith which it believes to be authorized or within its rights or powers, unless the Servicer’s or Custodian’s conduct, as applicable, constitutes willful misconduct, negligence or bad faith. The Servicer, the Custodian and any director,
officer or employee or agent of the Servicer or the Custodian may reasonably rely in good faith on the advice of counsel or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under
this Agreement or under the other Transaction Documents. 
 (b) Except as provided in this Agreement, neither the Servicer nor
the Custodian shall be under any obligation to appear in, prosecute or defend any legal action that is not incidental to its duties to service, or with respect to custody of, the Receivables in accordance with this Agreement and that in its opinion
may involve it in any expense or liability; provided, however, that the Servicer or the Custodian may undertake any reasonable action that it may deem necessary or desirable in respect of the Transaction Documents and the rights and
duties of the Parties to the Transaction Documents and the interests of the Issuer in the Transaction Documents. In such event, the legal expenses and costs for such action and any liability resulting therefrom shall be expenses, costs and
liabilities of the Servicer except to the extent otherwise provided herein. 
 Section 5.5. Subservicer and Delegation
of Duties. The Servicer may, at any time without notice or consent, delegate (a) any or all of its duties (including, without limitation, its duties as Custodian) under the Transaction Documents to any of its Affiliates or (b) specific
duties (including, without limitation, its duties as Custodian) to sub-contractors who are in the 

  
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business of performing such duties; provided, that no such delegation or subcontracting will relieve the Servicer of its responsibilities with respect to such duties as to which the
Servicer will remain primarily responsible with respect thereto and the Servicer will be solely responsible for the fees of any such sub-contractors. For any servicing activities delegated to third parties in accordance with this
Section 5.5, the Servicer shall follow such policies and procedures to monitor the performance of such third parties and compliance with such servicing activities as the Servicer follows with respect to comparable motor vehicle
receivables serviced by the Servicer for its own account. 
 Section 5.6. Servicer Not to Resign as Servicer.
Subject to the provisions of Section 5.3, the Servicer shall not resign from its obligations and duties under this Agreement except upon the mutual consent of the Servicer, the Indenture Trustee and the Issuer or upon its determination
that the performance of its duties under this Agreement shall no longer be permissible under applicable law. Notice of any such determination permitting the resignation of the Servicer shall be communicated to the Owner Trustee and the Indenture
Trustee at the earliest practicable time (and, if such communication is not in writing, shall be confirmed in writing at the earliest practicable time) and any such determination shall be evidenced by an Opinion of Counsel to such effect delivered
to the Issuer, the Owner Trustee, and the Indenture Trustee concurrently with or promptly after such notice. No such resignation shall become effective until the Indenture Trustee or a successor Servicer shall have (i) taken the actions
required by Section 6.2, (ii) assumed the responsibilities and obligations of the Servicer and (iii) provided in writing the information reasonably requested by the Depositor to comply with its reporting obligation under the
Exchange Act with respect to any replacement Servicer. 
 Section 5.7. Servicer May Own Notes or Certificates. The
Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Notes or Certificates with the same rights as it would have if it were not the Servicer or an Affiliate thereof, except as
otherwise expressly provided herein or in the other Transaction Documents. Except as set forth herein or in the other Transaction Documents, Notes and Certificates so owned by or pledged to the Servicer or such Affiliate shall have an equal and
proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Notes and Certificates, except as specifically provided for in the Transaction Documents. 

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

  
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 ARTICLE VI 
 SERVICING TERMINATION 
 Section 6.1. Servicer Termination Events.
(a) If any one or more of the following events (“Servicer Termination Event”) shall occur and be continuing: 
 (i) any failure by the Servicer to deliver or cause to be delivered to the Indenture Trustee or the Owner Trustee for deposit into the Collection Account any payment required to be so delivered by the
Servicer under the terms of this Agreement that shall continue unremedied for a period of ten (10) Business Days after written notice of such failure is received (1) by the Servicer from the Issuer or the Indenture Trustee or (2) by
the Issuer, the Indenture Trustee and the Servicer from the Noteholders of Notes evidencing not less than a majority of the Outstanding Note Balance of the Controlling Class or, if no Notes are Outstanding, from the Majority Certificateholders; or

 (ii) failure on the part of the Servicer duly to observe or to perform in any material respect any other covenants or
agreements, as the case may be, set forth in this Agreement (other than Section 3.14), which failure shall (A) materially and adversely affect the rights of Noteholders or Certificateholders and (B) continue unremedied for a
period of ninety (90) days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given (1) to the Servicer by the Issuer or the Indenture Trustee or (2) to the Issuer, the Indenture
Trustee and the Servicer by the Noteholders of Notes evidencing not less than a majority of the Outstanding Note Balance of the Controlling Class or, if no Notes are Outstanding, from the Majority Certificateholders; or 

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

then, so long as a Servicer Termination Event shall not have been remedied, either the Indenture Trustee or the holders of Notes
evidencing not less than a majority of the principal amount of the Note Balance of the Controlling Class (or, if no Notes are Outstanding, the Majority Certificateholders), by notice then given in writing to the Servicer (and to the Indenture
Trustee and the Issuer if given by the Noteholders and to the Issuer if given by the Certificateholders) may terminate all of the rights and obligations of the Servicer under this Agreement. On or after the receipt by the Servicer of such written
notice, all authority and power of the Servicer under this Agreement, whether with respect to the Notes, the Certificates or the Trust Estate or otherwise, shall pass to and be vested in the Indenture Trustee or such successor Servicer as may be
appointed under Section 6.2; and, without limitation, the Indenture Trustee and the Issuer are hereby authorized and empowered to execute and deliver, on behalf of 

  
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the predecessor Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments, and to do or accomplish all other acts or things necessary or appropriate to effect the
purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivables and related documents, or otherwise. 
 (b) Upon termination of the Servicer under Section 6.1(a), the predecessor Servicer shall cooperate with the Indenture Trustee, the Issuer and such successor Servicer in effecting the
termination of the responsibilities and rights of the predecessor Servicer under this Agreement, including the transfer to the Indenture Trustee or such successor Servicer for administration of all cash amounts that shall at the time be held by the
predecessor Servicer for deposit, or shall thereafter be received with respect to a Receivable and the delivery of the Receivable Files and the related accounts and Records to the extent maintained by the Servicer. All reasonable costs and expenses
(including attorneys’ fees) incurred in connection with transferring the Receivable Files to the successor Servicer and amending this Agreement to reflect such succession as Servicer pursuant to this Section 6.1 shall be paid by the
predecessor Servicer upon presentation of reasonable documentation of such costs and expenses. 
 Section 6.2.
Appointment of Successor Servicer. (a) Upon the Servicer’s receipt of notice of termination pursuant to Section 6.1 or the Servicer’s resignation in accordance with the terms of this Agreement, the predecessor
Servicer shall continue to perform its functions as Servicer under this Agreement, in the case of termination, only until the date specified in such termination notice or, if no such date is specified in a notice of termination, until receipt of
such notice and, in the case of resignation, until the later of (x) the date 45 days from the delivery to the Indenture Trustee and the Issuer of written notice of such resignation (or written confirmation of such notice) in accordance with the
terms of this Agreement and (y) the date upon which the predecessor Servicer shall become unable to act as Servicer, as specified in the notice of resignation and accompanying Opinion of Counsel. In the event of the Servicer’s resignation
or termination hereunder, the Indenture Trustee (or, if no Notes are Outstanding, the Issuer) shall appoint a successor Servicer, and the successor Servicer shall accept its appointment by a written assumption in form acceptable to the Issuer and
the Indenture Trustee (if the Notes are Outstanding). In the event that a successor Servicer has not been appointed at the time when the predecessor Servicer has ceased to act as Servicer in accordance with this Section 6.2, the
Indenture Trustee without further action shall automatically be appointed the successor Servicer. The Indenture Trustee may resign as the Servicer by giving written notice of such resignation to the Issuer and in such event shall be released from
such duties and obligations, such release not to be effective until the date a successor Servicer enters into a written assumption as provided in this Section 6.2. Upon delivery of any such notice to the Issuer, the Issuer shall obtain a
new servicer as the successor Servicer in accordance with this Section 6.2. Notwithstanding the above, if the Indenture Trustee shall be legally unable so to act or if, within 30 days after the delivery of its notice of resignation, the
Issuer shall not have obtained a successor Servicer, the Indenture Trustee (or, if no Notes are Outstanding, the Issuer) shall appoint, or petition a court of competent jurisdiction to appoint, any established institution, having a net worth of not
less than $100,000,000 and whose regular business shall include the servicing of automotive receivables, as the successor to the Servicer under this Agreement; provided that, unless no Notes are Outstanding, the Rating Agency Condition shall
be satisfied in connection with such appointment. 

  
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 (b) Upon appointment, the successor Servicer shall be the successor in all respects to the
predecessor Servicer and shall be subject to all the responsibilities, duties, and liabilities arising thereafter relating thereto placed on the predecessor Servicer, by the terms and provisions of this Agreement; provided, that (i) any
failure of such successor Servicer to perform such responsibilities or duties that are caused by the predecessor Servicer’s failure to provide information or monies required hereunder shall not be considered a default by such successor
Servicer, (ii) such successor Servicer shall have no liability for actions, inactions or representations of the predecessor Servicer, (iii) the successor Servicer shall have no obligation to pay any taxes required to be paid by the
predecessor Servicer, (iv) the successor Servicer shall have no obligation to pay any of the fees and expenses of any other party involved in this transaction and (v) the successor Servicer shall have no liability or obligation with
respect to any indemnification obligations of any predecessor Servicer. The indemnification obligations of the successor Servicer are expressly limited to those instances in which liability would otherwise be imposed by reason of willful misconduct,
negligence or bad faith. 
 (c) In connection with such appointment, the Indenture Trustee may make such arrangements for the
compensation of such successor Servicer out of payments on Receivables as it and such successor Servicer shall agree; provided, however, that no such compensation shall be in excess of the compensation permitted for the predecessor
Servicer under this Agreement. The Indenture Trustee and such successor Servicer shall take such action, consistent with this Agreement, as shall be necessary to effectuate any such succession. 

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

Section 6.4. Waiver of Past Servicer Termination Events. The Holders of the Notes evidencing not less than a majority of the
principal amount of the Outstanding Note Balance of the Controlling Class (or, if no Notes are Outstanding, the Majority Certificateholders) may, on behalf of all Noteholders (or the Certificateholders, as applicable), waive any Servicer Termination
Event hereunder and its consequences, except an event resulting from the failure by the Servicer to make any required payments in accordance with this Agreement, which shall require the unanimous vote of all Holders of Outstanding Notes and
Certificates. Upon any such waiver of a past Servicer Termination Event, such Servicer Termination Event shall cease to exist, and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any
subsequent or other Servicer Termination Event or impair any right consequent thereon. The Indenture Trustee shall provide written notice of any such waiver to the Issuer. 

  
 16 

 Section 6.5. Termination. Unless earlier terminated, this Agreement will
terminate on the Payment Date in the month following the final payment or liquidation of all the Receivables (the “Termination Date”). 
 Section 6.6. Optional Purchase of All Receivables. The Servicer, may purchase the outstanding Receivables (such purchase, the “Optional Purchase”) and the other assets in the
Trust Estate (other than the Reserve Account) on any Payment Date (the “Optional Purchase Date”) if both of the following conditions are satisfied: (i) as of the last day of the related Collection Period, the Pool Balance has
declined to [5.0]% or less of the Pool Balance as of the Cut-Off Date and (ii) the sum of the Optional Purchase Price and the Available Collections for such Payment Date would be sufficient to pay (A) the Servicing Fee for such Payment
Date and all unpaid Servicing Fees with respect to prior periods, (B) interest then due on the Notes, (C) the aggregate unpaid Note Balance of all of the Outstanding Notes, as determined by the Indenture Trustee and (D) expenses
(including indemnification amounts) due to the Owner Trustee, the Indenture Trustee, the Administrator and the Servicer, which have not been previously paid. To exercise such option, the Servicer shall deposit the Optional Purchase Price into the
Collection Account on the Business Day prior to the Optional Payment Date. The Servicer shall furnish written notice of its election to exercise the Optional Purchase to the Indenture Trustee and the Owner Trustee not later than twenty
(20) days (or such longer period as may be required by the Clearing Agency in connection with the Note Depository Agreement for notice in connection with a redemption of the Notes) prior to the Optional Purchase Date. Following its receipt of
such notice, (i) the Indenture Trustee will promptly (but not later than 3 Business Days after it has received such notice) provide notice of such election to [the Swap Counterparty and] the Noteholders of record on such date and (ii) the
Issuer will promptly (but not later than 3 Business Days after it has received such notice) provide notice of such election to the Certificateholders of record on such date. The purchase price for the Trust Estate (other than the Reserve Account)
under this Section 6.6 shall be equal to the Optional Purchase Price. If the Servicer exercises its option to purchase the Trust Estate (other than the Reserve Account), the Notes shall be redeemed and in each case in whole but not in
part on the Optional Purchase Date for the Redemption Price. 
 ARTICLE VII 

MISCELLANEOUS PROVISIONS 
 Section 7.1. Amendment. (a) Any term or provision of this Agreement may be amended by the Servicer or the Issuer without the consent of the Indenture Trustee any Noteholder, the Owner
Trustee or any other Person subject to subsections (d) and (e) of this Section 7.1; provided that (i) such amendment shall not, as evidenced by an Officer’s Certificate of the Servicer or an
Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the Noteholders or (ii) the Rating Agency Condition shall have been satisfied with respect to such amendment;
provided further, that in the case of any amendment pursuant to this Section 7.1(a), such amendment shall not, for United States federal income tax purposes, as evidenced by an Opinion of Counsel, (i) affect the treatment of
the Notes as indebtedness, (ii) be deemed to cause a taxable exchange of the Notes or (iii) cause the Issuer (or any part thereof) to be treated as an association or publicly traded partnership taxable as a corporation [or cause the Issuer
to be treated as other than a grantor trust of the type described in Treasury Regulation section 301.7701-4(c).] 

  
 17 

 (b) Subject to subsections (d) and (e) of this
Section 7.1, this Agreement may also be amended from time to time by the Servicer or the Issuer with the consent of (i) the Holders evidencing not less than a majority of the Outstanding Note Balance of the Controlling Class and
(ii) the Majority Certificateholders, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders or the
Certificateholders; provided, however, that no such amendment shall (i) increase or reduce in any manner the amount of, or accelerate or delay the timing of, or change the allocation or priority of, collections of payments on Receivables or
distributions that are required to be made for the benefit of the Noteholders or the Certificateholders, or (ii) reduce the aforesaid percentage of the principal amount of the Notes Outstanding or the Certificate Percentage Interest required to
consent to any such amendment, without the consent of all the Noteholders and Certificateholders affected thereby; and provided further, that an Opinion of Counsel shall be furnished to the Indenture Trustee and the Owner Trustee to the effect that
such amendment (A) will not materially adversely affect the United States federal income taxation of any outstanding Note or Certificate and (B) for United States federal income tax purposes, will not cause the Issuer to be treated as an
association (or a publicly traded partnership) taxable as a corporation[, or cause the Issuer to be treated as other than a grantor trust of the type described in Treasury Regulation section 301.7701-4(c).] It will not be necessary to obtain the
consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders
provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders and Certificateholders will be subject to such reasonable requirements as the Indenture Trustee and Owner Trustee may prescribe, including
the establishment of record dates pursuant to the Note Depository Agreement. 
 (c) Prior to the execution of any amendment to
this Agreement, the Issuer shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment or consent, Issuer shall furnish a copy of such amendment or consent to
each Rating Agency and the Indenture Trustee. 
 (d) Prior to the execution of any amendment to this Agreement, the Depositor,
the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to
the execution and delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which adversely affects the Owner Trustee’s or the Indenture
Trustee’s, as applicable, own rights, duties or immunities under this Agreement. Furthermore, notwithstanding anything to the contrary herein, this Agreement may not be amended in any way that would materially and adversely affect the Owner
Trustee’s, Indenture Trustee’s, [the Swap Counterparty’s] or Administrator’s rights, privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents or otherwise without the prior written consent of
such party. 

  
 18 

 (e) [Notwithstanding subsections (a) and (b) of this
Section 7.1, this Agreement may only be amended by the Servicer or the Issuer if (i) the Majority Certificateholders or all of the Certificateholders, as the case may be, consent to such amendment or (ii) such amendment shall
not, as evidenced by an Officer’s Certificate of the Servicer or an Opinion of Counsel delivered to the Indenture Trustee and the Owner Trustee materially and adversely affect the interests of the Certificateholders. It will not be necessary to
obtain the consent of the Certificateholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof.] 

Section 7.2. Counterparts. This Agreement may be executed in any number of counterparts (including by way of electronic or
facsimile transmission), each of which counterparts will be deemed to be an original, and all of which counterparts will constitute but one and the same instrument. 
 Section 7.3. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW BUT EXCLUDING TO THE MAXIMUM EXTENT PERMITTED BY LAW ALL OTHER CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 7.4. Submission to Jurisdiction; Waiver of Jury Trial. Each of the Parties hereto hereby irrevocably and
unconditionally: 
 (a) submits for itself and its property in any legal action or Proceeding relating to this Agreement or any
documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of
America for the Southern District of New York and appellate courts from any thereof; 
 (b) consents that any such action or
Proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of such action or Proceeding in any such court or that such action or Proceeding was brought in an inconvenient court and agrees not to
plead or claim the same; 
 (c) agrees that service of process in any such action or Proceeding may be effected by mailing a copy
thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 7.6 of this Agreement; 

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

  
 19 

 Section 7.5. Headings and Cross-References. The various headings in this
Agreement are included for convenience only and will not affect the meaning or interpretation of any provision of this Agreement. 
 Section 7.6. Notices. All demands, notices and communications hereunder shall be in writing and shall be delivered or mailed by registered or certified first-class United States mail, postage
prepaid, hand delivery, prepaid courier service, or by facsimile or electronic mail, and addressed in each case as specified on Schedule I to the Sale Agreement or at such other address as shall be designated in a written notice to the other
parties hereto. Delivery shall occur only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder and, with respect to
delivery via electronic mail, upon confirmation from the recipient that such notice has been received. 
 Section 7.7.
Severability of Provisions. If any one or more of the covenants, agreements, provisions, or terms of this Agreement will be for any reason whatsoever held invalid, then such covenants, agreements, provisions, or terms will be deemed severable
from the remaining covenants, agreements, provisions, or terms of this Agreement and will in no way affect the validity or enforceability of the other provisions of this Agreement. 

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

Section 7.11. Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the Parties hereto,
the Noteholders [, the Swap Counterparty] and the Certificateholders and their respective successors and permitted assigns and the Owner Trustee shall be an express third party beneficiary hereof and may enforce the provisions hereof as if it were a
party hereto. Except as otherwise provided in this Section, no other Person will have any right hereunder. 

  
 20 

 Section 7.12. Nonpetition Covenant. Each Party hereto agrees that, prior to the
date which is one year and one day after payment in full of all obligations of each Bankruptcy Remote Party in respect of all securities issued by any Bankruptcy Remote Party (i) such Party shall not authorize any Bankruptcy Remote Party to
commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar law now or
hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its property or to
consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit of, its
creditors generally, any Party hereto or any other creditor of such Bankruptcy Remote Party, and (ii) such party shall not commence, or join with any other Person in commencing or institute with any other Person, any Proceeding against such
Bankruptcy Remote Party under any bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination of this Agreement. 

Section 7.13. Limitation of Liability. Notwithstanding anything contained herein to the contrary, this Agreement has been
executed and delivered by [            ], not in its individual capacity but solely as Owner Trustee, and in no event shall it have any liability for the representations, warranties,
covenants, agreements or other obligations of the Issuer hereunder or under the Notes or any of the other Transaction Documents or in any of the certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had
solely to the assets of the Issuer. Under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expense of the Issuer or be liable for the breach or failure of any obligations, representation, warranty
or covenant made or undertaken by the Issuer under the Transaction Documents. 
 Section 7.14. Regulation AB. The
Servicer shall cooperate fully with the Depositor and the Issuer to deliver to the Depositor and the Issuer (including any of its assignees or designees) any and all statements, reports, certifications, records and any other information necessary in
the good faith determination of the Depositor or the Issuer to permit the Depositor to comply with the provisions of Regulation AB and its reporting obligations under the Exchange Act, together with such disclosures relating to the Servicer and the
Receivables, or the servicing of the Receivables, reasonably believed by the Depositor to be necessary in order to effect such compliance. 
 Section 7.15. Information to Be Provided by the Indenture Trustee. 

(a) So long as the Depositor is filing reports under the Exchange Act with respect to the Issuer, the Indenture Trustee shall (i) on
or before the fifth Business Day of each month, notify the Depositor, in writing, of any Form 10-D Disclosure Item with respect to the Indenture Trustee, together with a description of any such Form 10-D Disclosure Item in form and substance
reasonably satisfactory to the Depositor; provided, however, that the Indenture Trustee shall not be required to provide such information in the event that there has been no change to the information previously provided by the Indenture
Trustee to Depositor, and (ii) as promptly as practicable following notice to or discovery by a Responsible Officer of the Indenture Trustee of any changes to such information, provide to the Depositor, in writing, such updated information.

  
 21 

 (b) As soon as available but no later than March 15 of each calendar year for so long
as the Depositor is filing reports with respect to the Issuer under the Exchange Act, commencing in [            ], the Indenture Trustee shall: 

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

(ii) cause a firm of registered public accountants that is qualified and independent with the meaning of Rule 2-01 of
Regulation S-X under the Securities Act to deliver a report for inclusion in the Issuer’s filing of Exchange Act Form 10-K that attests to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered to the
Depositor pursuant to the preceding paragraph. Such attestation shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation S-X under the Securities Act and the Exchange Act; 

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

(c) The Indenture Trustee hereby acknowledges and agrees that it shall perform its covenants set forth in the Memorandum of Understanding
between [            ] and BANA, dated as of [            ], as amended, modified or otherwise supplemented from time to time.

  
 22 

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

Section 7.17. Indemnification. [            ] shall indemnify the
Depositor and shall hold the Depositor harmless from and against any losses, damages, penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that the Depositor may sustain arising
out of or based upon: 
 (a) (A) any untrue statement of a material fact contained or alleged to be contained in the Servicing
Criteria assessment and any other information required to be provided by [            ] to the Depositor under Sections 7.15 (excluding clause (b)(ii) of Section 7.15) or
7.16 (such information, the “Provided Information”), or (B) the omission or alleged omission to state in the Provided Information a material fact required to be stated in the Provided Information, or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely by reference to the
related information and not to any other information communicated in connection with a sale or purchase of securities, without regard to whether the Provided Information or any portion thereof is presented together with or separately from such other
information; or 
 (b) any failure by [            ] to deliver any
Servicing Criteria assessment, information, report, certification, accountants’ letter or other material when and as required under Sections 7.15 and 7.16; provided, however, for the avoidance of doubt, this
provision shall exclude the accountants’ report described in clause (b)(ii) of Section 7.15. 
 (c) In
the case of any failure of performance described in clauses (a) and (b) of this Section, [            ] shall promptly reimburse the Depositor for all costs
reasonably incurred in order to obtain the information, report, certification, accountants’ letter (which shall not include the accountants’ report described in clause (b)(ii) of Section 7.15 or other material not
delivered as required by [            ]. 
 Notwithstanding anything
to the contrary contained herein, in no event shall [            ] be liable for special, indirect or consequential damages of any kind whatsoever, including but not limited to lost
profits, even if [            ] has been advised of the likelihood of such loss or damage and regardless of the form of action. 

Section 7.18. Not applicable to BANA in other Capacities. Nothing in this Agreement shall affect any obligations BANA may
have in any other capacity. 
 Section 7.19. [Limitation of Rights]. [All of the rights of the Swap Counterparty in,
to and under this Agreement (including, but not limited to all of the Swap Counterparty’s rights as a third party beneficiary of this Agreement and all of the Swap Counterparty’s rights to receive notice of any action hereunder and to give
or withhold consent to any action hereunder) shall 

  
 23 

 
terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts owing to the Swap Counterparty under such Interest
Rate Swap Agreement.] 
 [SIGNATURE PAGES FOLLOW] 

  
 24 

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

					
	BANK OF AMERICA,
	NATIONAL ASSOCIATION,
	 as Servicer and Custodian

		
	By:	 	  

		 	Name:
		 	Title:
	
	BANK OF AMERICA AUTO TRUST 20[    ]-[    ],
	 as Issuer

		
	By:	 	[                ], not in its individual capacity but solely as Owner
Trustee
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

  

					
		 	S-1	 	Servicing Agreement

 
			
	
[                    ],

	 as Indenture Trustee

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  

					
		 	S-2	 	Servicing Agreement

 EXHIBIT A 
 FORM OF MONTHLY SERVICER REPORT 
 Attached 

 EXHIBIT B 
 SERVICING CRITERIA TO BE ADDRESSED IN 
 INDENTURE TRUSTEE’S ASSESSMENT OF
COMPLIANCE 
 The assessment of compliance to be delivered by the Indenture Trustee shall address, at a minimum, the
criteria identified as below as “Applicable Servicing Criteria”:  
  

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

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

  
 B-2

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

  
 B-3

 EXHIBIT C 
 FORM OF INDENTURE TRUSTEE’S ANNUAL CERTIFICATION 
  

	 	Re:	BANK OF AMERICA AUTO TRUST 20[    ]-[    ] 

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

 (1) It has reviewed the report on assessment of the Indenture Trustee’s compliance (the “Servicing
Assessment”) that was delivered by the Indenture Trustee to the Depositor pursuant to Section 7.15 of the Servicing Agreement (the “Agreement”), dated as of [ ], by and between the Issuer, the Indenture Trustee and
Bank of America, National Association (collectively, the “Indenture Trustee Information”); 
 (2) To
the best of its knowledge, the Servicing Assessment, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which
such statements were made, not misleading with respect to the period of time covered by the Servicing Assessment; and 
 (3) To the best of its knowledge, all of the Provided Information (as defined in Section 7.17 of the Agreement) required to be provided by the Indenture Trustee under the Agreement has been
provided to the Depositor. 
  

			
	[            ], not in its individual capacity but solely as Indenture Trustee
		
	Date:

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