Document:

EX-10.1

 EXHIBIT 10.1 
  

 
  

FORM OF 
 SALE AGREEMENT

 between 
 FIFTH THIRD
AUTO TRUST 20[    ]-[        ], 
 as Issuer 

and 
 FIFTH THIRD HOLDINGS
FUNDING, LLC, 
 as Seller 

Dated as of [                ] 

 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	
	 ARTICLE I          DEFINITIONS AND
USAGE
	  

			
	 SECTION 1.1
	 	Definitions	  	 	1  	 
			
	 SECTION 1.2
	 	Other Interpretive Provisions	  	 	1  	 
	
	 ARTICLE II         PURCHASE
	  

			
	 SECTION 2.1
	 	Conveyance of Transferred Assets	  	 	2  	 
		
	 ARTICLE III        REPRESENTATIONS, WARRANTIES
AND COVENANTS
	  			
			
	 SECTION 3.1
	 	Representations and Warranties of Seller	  	 	2  	 
			
	 SECTION 3.2
	 	Liability of the Seller	  	 	3  	 
			
	 SECTION 3.3
	 	Merger or Consolidation of, or Assumption of the Obligations of, Seller	  	 	4  	 
			
	 SECTION 3.4
	 	Seller May Own Notes	  	 	5  	 
			
	 SECTION 3.5
	 	Sarbanes-Oxley Act Requirements	  	 	5  	 
			
	 SECTION 3.6
	 	Compliance with Organizational Documents	  	 	5  	 
			
	 SECTION 3.7
	 	Protection of Title	  	 	5  	 
			
	 SECTION 3.8
	 	Other Liens or Interests	  	 	6  	 
			
	 SECTION 3.9
	 	Perfection Representations, Warranties and Covenants	  	 	6  	 
			
	 SECTION 3.10
	 	Compliance with the FDIC Rule	  	 	6  	 
	
	 ARTICLE IV        MISCELLANEOUS
	  

			
	 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	  	 	9  	 
			
	 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  	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	PAGE	 
			
	 SECTION 4.14
	 	Submission to Jurisdiction; Waiver of Jury Trial	  	 	10	 
			
	 SECTION 4.15
	 	Limitation of Liability of Owner Trustee	  	 	11	 
			
	 SECTION 4.16
	 	Information Requests	  	 	11	 
			
	 SECTION 4.17
	 	[Limitations of Rights]	  	 	11	 

  

			
	 Exhibit A
	  	 Form of Assignment Pursuant to Sale Agreement

	 Schedule I
	  	 Notice Addresses

	 Schedule II
	  	 Perfection Representations, Warranties and Covenants

	 Appendix A
	  	 Definitions

  
 ii 

 This SALE AGREEMENT, is made and entered into as of
[                    ] (as amended, restated, supplemented or otherwise modified and in effect from time to time, this “Agreement”),
by and between FIFTH THIRD AUTO TRUST 20[    ]-[        ] (the “Issuer”), a Delaware statutory trust (the “Issuer”), and FIFTH THIRD HOLDINGS FUNDING, LLC,
a Delaware limited liability company (the “Seller”). 
 WITNESSETH: 

WHEREAS, the Issuer desires to purchase from the Seller a portfolio of motor vehicle receivables, including motor vehicle
retail installment sale contracts and/or installment loans that are secured by new and used automobiles, light-duty trucks, vans and other motor vehicles; and 

WHEREAS, the Seller is willing to sell 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 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 (provided, that, to
the extent that the definitions in this Agreement and GAAP conflict, the definitions in this Agreement shall control); (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement
are used as defined in that Article; (c) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement;
(d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision
within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (e) the term “including” (and all variations thereof) means “including without limitation”; (f)
except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; (g) references to any Person include that Person’s
successors and assigns; and (h) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof.  

  

					
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 ARTICLE II 

PURCHASE 

SECTION 2.1    Conveyance of Transferred Assets. In consideration of the Issuer’s sale and
delivery to, or upon the order of, the Seller of (i) all of the Notes and (ii) the Certificates on the Closing Date, the Seller does hereby transfer, assign, sell, contribute and otherwise convey to the Issuer without recourse (subject to
the obligations herein) on the Closing Date all of its right, title, interest, claims and demands, whether now owned or hereafter acquired, in, to and under the Transferred Assets, as evidenced by an assignment substantially in the form of
Exhibit A (the “Assignment”) delivered on the Closing Date. The sale, transfer, assignment, contribution and conveyance made hereunder does not constitute and is not intended to result in an assumption by the Issuer of any
obligation of the Seller, FTH LLC or the Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables or the other assets and properties conveyed hereunder or any agreement, document or instrument related
thereto. 
 ARTICLE III 

REPRESENTATIONS, WARRANTIES AND COVENANTS 

SECTION 3.1    Representations and Warranties of Seller. The Seller makes the following
representations and warranties as of the Closing Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties will survive the conveyance of the Transferred Assets to the Issuer
pursuant to this Agreement and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 

(a)    Existence and Power. The Seller 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 to carry on its business as it is now conducted. The Seller has obtained all necessary licenses and approvals in each jurisdiction where the
failure to do so would reasonably be expected to materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or any other part
of the Transferred Assets. 
 (b)    Authorization and No Contravention. The execution, delivery
and performance by the Seller of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary limited liability company action on the part of the Seller and (ii) do not contravene or constitute a default
under (A) any applicable law, rule or regulation, (B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than, in the case of
clauses (A), (B) and (C), violations which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or
the Seller’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 Seller 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 Transferred Assets or would not materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents. 

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

(e)    No Proceedings. There are no Proceedings pending or, to the knowledge of the Seller,
threatened against the Seller 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 Seller of its obligations
under this Agreement or any of the other Transaction Documents or the collectability or enforceability of the Receivables or (iv) relate to the Seller 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 Seller is
not aware of any material judgment, ERISA or tax lien filings against the Seller. 
 SECTION
3.2    Liability of the Seller. 
 (a)    The Seller shall be liable in
accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement. 

(b)    The Seller shall indemnify, defend and hold harmless the Issuer, the Delaware Trustee, the Owner
Trustee and the Indenture Trustee from and against any loss, liability or expense incurred by reason of the Seller’s violation of federal or state securities laws in connection with the registration or the sale of the Notes. 

(c)    The Seller will pay any and all taxes levied or assessed upon the Issuer or upon all or any part of
the Trust Estate. 
 (d)    Indemnification under this Section 3.2 will
survive the resignation or removal of the Delaware Trustee, the Owner Trustee or the Indenture Trustee and the termination or assignment of this Agreement and will include, without limitation, reasonable fees and expenses of counsel and expenses of
litigation (including in connection with any action, claim or suit 

  

					
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brought to enforce the Indenture Trustee’s right to indemnification). If the Seller has made any indemnity payments pursuant to this Section 3.2 and the Person to
or on behalf of whom such payments are made thereafter collects any of such amounts from others, such Person will promptly repay such amounts to the Seller, without interest. 

(e)    The Seller’s obligations under this Section 3.2 are obligations
solely of the Seller and will not constitute a claim against the Seller to the extent that the Seller does not have funds sufficient to make payment of such obligations. In furtherance of and not in derogation of the foregoing, the Issuer, the
Servicer, the Delaware Trustee, the Indenture Trustee and the Owner Trustee, by entering into or accepting this Agreement, acknowledge and agree that they have no right, title or interest in or to the Other Assets of the Seller. To the extent that,
notwithstanding the agreements and provisions contained in the preceding sentence, the Issuer, the Servicer, the Delaware Trustee, the Indenture Trustee or the Owner Trustee either (i) asserts an interest in, claim to or benefit in or from,
Other Assets or (ii) is deemed to have any such interest in, claim to or benefit in or from Other Assets, whether by operation of law, legal process, pursuant to applicable provisions of insolvency laws or otherwise (including by virtue of
Section 1111(b) of the Bankruptcy Code or any successor provision having similar effect under the Bankruptcy Code), then the Issuer, the Servicer, the Delaware Trustee, the Indenture Trustee or the Owner Trustee further acknowledges and agrees
that any such interest in, claim to or benefit in or from, Other Assets is and will be expressly subordinated to the indefeasible payment in full of the other obligations and liabilities, which, under the terms of the relevant documents relating to
the securitization or conveyance of such Other Assets, are entitled to be paid from, entitled to the benefits of, or otherwise secured by such Other Assets (whether or not any such entitlement or security interest is legally perfected or otherwise
entitled to a priority of distributions or application under applicable law, including insolvency laws, and whether or not asserted against the Seller), including the payment of post-petition interest on such other obligations and liabilities. This
subordination agreement will be deemed a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code. The Issuer, the Servicer, the Delaware Trustee, the Indenture Trustee and the Owner Trustee each further acknowledges
and agrees that no adequate remedy at law exists for a breach of this Section 3.2(e) and the terms of this Section 3.2(e) may be enforced by an action for specific performance. The provisions of
this Section 3.2(e) will be for the third party benefit of those entitled to rely thereon and will survive the termination of this Agreement. 

SECTION 3.3    Merger or Consolidation of, or Assumption of the Obligations of, Seller. Any Person
(i) into which the Seller may be merged or converted or with which it may be consolidated, to which it may sell or transfer its business and assets as a whole or substantially as a whole, (ii) resulting from any merger, sale, transfer,
conversion, or consolidation to which the Seller shall be a party, (iii) succeeding to the business of the Seller or (iv) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is owned directly
or indirectly by Fifth Third Bancorp, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Seller under this Agreement, will be the successor to the Seller under this Agreement without the
execution or filing of any document or any further act on the part of any of the parties to this Agreement anything herein to the contrary notwithstanding. The Seller shall provide notice of any merger, conversion, consolidation or succession
pursuant to this Section 3.3 to the Administrator. Notwithstanding the foregoing, if the Seller enters into any of the foregoing transactions and is 

  

					
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not the surviving entity, the Seller will deliver to the Indenture Trustee an Opinion of Counsel either (A) stating that, in the opinion of such counsel, all financing statements and
continuation statements and amendments thereto have been executed and filed that are necessary to preserve and protect the interest of the Issuer and the Indenture Trustee, respectively, in the Receivables, or (B) stating that, in the opinion
of such counsel, no such action is necessary to preserve and protect such interest. 
 SECTION
3.4    Seller May Own Notes. The Seller, and any Affiliate of the Seller, may in its individual or any other capacity become the owner or pledgee of Notes with the same rights as it would have if it were not the Seller 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 so owned by the Seller or any such Affiliate will have an equal and
proportionate benefit under the provisions of this Agreement and the other Transaction Documents, without preference, priority, or distinction as among all of the Notes. Unless all Notes are owned by the Issuer, the Seller, the Servicer, the
Administrator or any of their respective Affiliates, any Notes owned by the Issuer, the Seller, the Servicer, the Administrator or any of their respective Affiliates shall be disregarded with respect to the determination of any request, demand,
authorization, direction, notice, consent, vote or waiver hereunder or under any other Transaction Document. 
 SECTION
3.5    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 or the Notes pursuant to the Sarbanes-Oxley Act, the
Issuer hereby authorizes the Seller to prepare, sign, certify and file any such documents or certifications on behalf of the Issuer. 

SECTION 3.6    Compliance with Organizational Documents. The Seller shall comply with its limited
liability company agreement and other organizational documents. 
 SECTION 3.7    Protection of
Title. 
 (a)    The Seller 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 (other than any
Related Security with respect thereto, to the extent that the interest of the Issuer therein cannot be perfected by the filing of a financing statement). The Seller 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 Seller shall notify the Issuer in writing within ten (10) days following the occurrence of
(i) any change in the Seller’s organizational structure as a limited liability company, (ii) any change in the Seller’s “location” (within the meaning of Section 9-307 of the
UCC of all applicable jurisdictions) and (iii) any change in the Seller’s name and shall take 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 practicable to take such action in advance) reasonably necessary or advisable in the opinion of the Issuer to amend all previously 

  

					
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filed financing statements or continuation statements described in paragraph (a) above. The Seller will at all times maintain its “location” within the United States. 

(c)    The Seller shall maintain (or shall cause the Servicer to maintain) its computer systems so that,
from time to time after the conveyance under this Agreement of the Receivables, the master computer records (including any backup archives) 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. Indication of such Person’s interest in a Receivable shall not be deleted from or modified on such computer systems until, and only until, the related Receivable
shall have been paid in full or repurchased. 
 (d)    If at any time the Seller 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 Seller 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, shall indicate clearly that such Receivable has been sold and is owned by the Issuer (or any subsequent assignee
of the Issuer). 
 SECTION 3.8    Other Liens or Interests. Except for the conveyances and grants
of security interests pursuant to this Agreement and the other Transaction Documents, the Seller shall not sell, pledge, assign or transfer the 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 Seller 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 Seller. 
 SECTION 3.9    Perfection
Representations, Warranties and Covenants. The Seller hereby makes the perfection representations, warranties and covenants set forth on Schedule II hereto to the Issuer to the extent applicable. 

SECTION 3.10    Compliance with the FDIC Rule. The Seller (i) shall perform the covenants set
forth in Article XII of the Indenture applicable to it and (ii) shall facilitate compliance with Article XII of the Indenture by the Fifth Third Parties. 

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, transfers, assignments and contributions 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 and the related Transferred Assets shall not be part of the Seller’s estate in the event of a bankruptcy or insolvency of the Seller. The sales and transfers by the Seller of the Receivables and related
Transferred Assets hereunder are and shall be without recourse to, or representation or warranty (express or implied) by, the Seller, except as otherwise specifically 

  

					
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provided herein. The limited rights of recourse specified herein against the Seller are intended to provide a remedy for breach of representations and warranties relating to the condition of the
property sold, rather than to the collectability of the Receivables. 
 (b)    Notwithstanding the
foregoing, in the event that the Receivables and other Transferred Assets are held to be property of the Seller, or if for any reason this Agreement is held or deemed to create indebtedness or a security interest in the Receivables and other
Transferred 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
Seller of, and the Seller 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 and other
Transferred Assets, to secure such indebtedness and the performance of the obligations of the Seller hereunder; 

  

	 	(iii)	 The possession by the Issuer or its agent of the Receivable Files and any other property that 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 email (if
an applicable facsimile number or email address is provided on Schedule I to this Agreement), and addressed in each case as specified on Schedule I to this Agreement or at such other address as shall be designated by any of the
specified addressees in a written notice to the other parties hereto. 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; provided, however, that any
notice to a Noteholder mailed within the time and manner prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 

  

					
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 SECTION 4.3        Choice of
Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL, SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS. 
 SECTION 4.4        Headings. The section headings hereof have
been inserted for convenience of reference only and shall not be construed to affect the meaning, construction or effect of this Agreement. 

SECTION 4.5        Counterparts. This Agreement may be executed in any number
of counterparts, each of which so executed shall be deemed to be an original, regardless of whether delivered in physical or electronic form, 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 (including Appendix A
hereto) may be amended by the Seller without the consent of the Indenture Trustee, any Noteholder, the Delaware Trustee, the Owner Trustee or any other Person subject to the satisfaction of one of the following conditions: 

 

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

  

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

[provided, that such amendment shall not materially and adversely affect the rights or obligations of the Swap
Counterparty or the Issuer under the Interest Rate Swap Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and such consent shall be deemed to have been given if the Swap Counterparty does not object in writing
within ten (10) Business Days after receipt of a written request for such consent)]. 

(b)        This Agreement (including Appendix A) may also be amended from time
to time by the Seller, with the consent of the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Agreement or of modifying in any manner the rights of the Noteholders or the Certificateholders. It will not be necessary for the Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if the
Noteholders approve the substance thereof. The manner of obtaining such consents (and any other consents of the Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by the Noteholders will be
subject to such 

  

					
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reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 

(c)        Prior to the execution of any amendment pursuant to this
Section 4.6, the Seller shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment, the Seller shall furnish a copy of such amendment
to each Rating Agency, the Issuer and the Indenture Trustee; provided, that no amendment pursuant to this Section 4.6 shall be effective which materially and adversely affects the rights, protections or duties of the
Owner Trustee, the Delaware Trustee, or the Indenture Trustee without the prior written consent of such Person. 

(d)        Prior to the execution of any amendment to this Agreement, the Delaware
Trustee, 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 an Officer’s
Certificate of the Seller or the Administrator that all conditions precedent to the execution and delivery of such amendment have been satisfied. 

(e)        Notwithstanding subsections (a) or (b) of this
Section 4.6, this Agreement may only be amended by the Seller if (i) the Majority Certificateholders consent to such amendment or (ii) such amendment shall not, as evidenced by an Officer’s Certificate of the
Seller or an Opinion of Counsel delivered to the Delaware Trustee, the Indenture Trustee and the Owner Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for the Certificateholders to approve
the particular form of any proposed amendment or consent, but will be sufficient if the Certificateholders approve the substance thereof. The manner of obtaining such consents (and any other consents of the Certificateholders provided for in this
Agreement) and of evidencing the authorization of the execution thereof by the Certificateholders will be subject to such reasonable requirements as the Owner Trustee may prescribe. 

SECTION 4.7        Waivers. No failure or delay on the part of the Seller, 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 the Issuer or the Seller in any case shall entitle it to any notice or demand in similar or other circumstances. No waiver or approval by
either 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. 
 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. 

  

					
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 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 Seller expressly acknowledges and consents to the Grant of a security interest in the Receivables and the other Transferred Assets by the Issuer to the Indenture Trustee pursuant to the Indenture for the benefit of the
Noteholders [and the Swap Counterparty]. In addition, the Seller 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 (i) such party shall not authorize any Bankruptcy Remote Party to commence a voluntary winding-up or other voluntary case or other Proceeding seeking liquidation, reorganization or other relief with respect to such Bankruptcy Remote Party or its debts under any bankruptcy, insolvency or other similar
law now or hereafter in effect in any jurisdiction or seeking the appointment of an administrator, a trustee, receiver, liquidator, custodian or other similar official with respect to such Bankruptcy Remote Party or any substantial part of its
property or to consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other Proceeding commenced against such Bankruptcy Remote Party, or to make a general assignment for the benefit
of its creditors generally, any party hereto or any other creditor of such Bankruptcy Remote Party and (ii) such party shall not commence or join with any other Person in commencing any Proceeding against such Bankruptcy Remote Party under any
bankruptcy, reorganization, liquidation or insolvency law or statute now or hereafter in effect in any jurisdiction. This Section shall survive the termination of this 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 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

  

					
		 	10	 	Sale Agreement
		 		 	(20[    ]-[        ])

 
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 Proceeding may be brought in such courts and waives
any objection that it may now or hereafter have to the venue of such Proceeding in any such court or that such Proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c)        agrees that service of process in any such Proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 4.2 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 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    Limitation of Liability of Owner Trustee. It is expressly understood and agreed by
the parties hereto that (i) this Agreement is executed and delivered by [                    ], not individually or personally but solely as
Owner Trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal
representations, undertakings and agreements by [                    ] but is made and intended for the purpose of binding only the Issuer,
(iii) nothing herein contained shall be construed as creating any liability on [                    ], individually or personally, to perform
any covenant either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (iv)
[                    ] has made no investigation as to the accuracy or completeness of any representations and warranties made by the Issuer in this
Agreement and (v) under no circumstances shall [                    ] be personally liable for the payment of any indebtedness or expenses of
the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related document. 

SECTION 4.16    Information Requests. The parties hereto shall provide any information reasonably
requested by the Issuer, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 

SECTION 4.17     [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) 

  

					
		 	11	 	Sale Agreement
		 		 	(20[    ]-[        ])

 
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.] 
 [Signatures Follow] 

  

					
		 	12	 	Sale Agreement
		 		 	(20[    ]-[        ])

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

			
	FIFTH THIRD HOLDINGS FUNDING, LLC
		
	By:    	 	
                     

		 	Name:
		 	Title:

  

					
		 	S-1	 	Sale Agreement
		 		 	(20[    ]-[        ])

 
			
	FIFTH THIRD AUTO TRUST 20[    ]-[        ]
		
	By:	 	[                                      
  ],
		 	 not in its individual capacity but
 solely as
Owner Trustee

		
	By:    	 	
                     

		 	Name:
		 	Title:

  

					
		 	S-2	 	Sale Agreement
		 		 	(20[    ]-[        ])

 EXHIBIT A 

FORM OF ASSIGNMENT PURSUANT TO 

SALE AGREEMENT 

[                    ] 

For value received, in accordance with the Sale Agreement (the “Agreement”), dated as of
[                    ], between Fifth Third Auto Trust 20[    ]-[        ], a Delaware
statutory trust (the “Issuer”), and Fifth Third Holdings Funding, LLC, a Delaware limited liability company (the “Seller”), on the terms and subject to the conditions set forth in the Agreement, the Seller does
hereby sell, transfer, assign and otherwise convey to the Issuer without recourse (subject to the obligations in the Agreement) on
[                    ], all of its right, title, interest, claims and demands in, to and under the Transferred Assets, whether now owned or hereafter
acquired. 
 The foregoing sale does not constitute and is not intended to result in any assumption by the Issuer of any
obligation of the undersigned, FTH LLC or the Originator to the Obligors, the Dealers, insurers or any other Person in connection with the Receivables, or the other assets and properties conveyed hereunder or any agreement, document or instrument
related thereto. 
 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 respective meanings assigned to them in Appendix A to the Agreement. 
 [Remainder of page intentionally left blank.] 

  

					
		 	Exhibit A-1	 	Sale Agreement
		 		 	(20[    ]-[        ])

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

									
		 		 	FIFTH THIRD HOLDINGS FUNDING, LLC
				
		 		 	By:	  	                                   
                                   
		 		 	Name:
		 		 	Title:

  

					
		 	Exhibit A-2	 	Sale Agreement
		 		 	(20[    ]-[        ])

 SCHEDULE I 

NOTICE ADDRESSES 
 If to
the Issuer: 
 [                    ] 

If to the Owner Trustee: 

[                    ] 

If to the Indenture Trustee: 

[                    ] 

If to Seller: 
 Fifth Third Holdings Funding,
LLC 
 1701 Golf Road 
 Tower 1,
9th Floor 
 Rolling Meadows, Illinois 60008 

Facsimile no. [                    ] 

Attention: [                     ] 

If to the Servicer or Sponsor: 
 Fifth Third Bank 

38 Fountain Square Plaza 
 Cincinnati, Ohio 45263 

Facsimile no. [                    ] 

Attention: [                     ] 

  

					
		 	Schedule I-1	 	Sale Agreement
		 		 	(20[    ]-[        ])

 SCHEDULE II 

PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 

In addition to the representations, warranties and covenants contained in the Agreement, the Seller 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 Transferred 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 Seller. 

2.    The Receivables constitute “chattel paper” (including “electronic chattel paper” or
“tangible chattel paper”) “accounts”, “instruments”, “promissory notes”, “payment intangibles” or “general intangibles”, within the meaning of the applicable UCC. 

3.    Immediately prior to the sale, transfer, contribution, assignment and/or conveyance of a Receivable, such Receivable
is secured by a first priority validly perfected and enforceable 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, subject, as to enforcement, to applicable bankruptcy, insolvency, reorganization, liquidation or other similar laws and
equitable principles relating to or affecting the enforcement of creditors’ rights generally. 
 Creation 

4.    Immediately prior to the sale, transfer, contribution, assignment and conveyance of a Receivable by the Seller to
the Issuer, the Seller owned and had good and marketable title to such Receivable free and clear of any Lien (other than any Liens in favor of the Issuer) and immediately after the sale, transfer, 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
Seller 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 Seller has submitted or will have caused to be submitted on, 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 sale of the Receivables from the Seller to the Issuer and the security interest in the Receivables granted
to the Issuer hereunder; and the Servicer, in its capacity as 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 

  

					
		 	Schedule II-1	 	Sale Agreement
		 		 	(20[    ]-[        ])

 
security interest in any collateral described in this financing statement will violate the rights of the Secured Party/Purchaser”. 

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

a.   All original executed copies of each such instrument or tangible chattel paper have been delivered to the
Indenture Trustee, as pledgee of the Issuer; or 
 b.   Such instruments or tangible chattel paper are in the
possession of the Servicer and the Indenture Trustee has received a written acknowledgment from the Servicer that the Servicer, 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 
 c.   The Servicer received possession of such
instruments or tangible chattel paper after the Indenture Trustee received a written acknowledgment from the Servicer that the Servicer is acting solely as agent of the Indenture Trustee, as pledgee of the Issuer. 

Priority 

8.    The Seller has not authorized the filing of, and is not aware of any financing statements against the Seller that
include a description of collateral covering the Receivables other than any financing statement (i) relating to the conveyance of the Receivables by the Bank to FTH LLC under the Receivables Sale Agreement, (ii) relating to the conveyance
of the Receivables by FTH LLC to the Seller under the Purchase Agreement, (iii) relating to the conveyance of the Receivables by the Seller to the Issuer under the Sale Agreement, (iv) relating to the security interest granted to the
Indenture Trustee under the Indenture or (v) that has been terminated. 
 9.    The Seller is not aware of any
material judgment, ERISA or tax lien filings against the Seller. 
 10.    Neither the Seller 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,
electronic chattel paper or tangible chattel paper that constitutes or evidences the Receivables has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than FTH LLC, the Seller, the
Issuer or the Indenture Trustee. 
 Survival of Perfection Representations 

12.    Notwithstanding any other provision of the Sale 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. 
  

  

					
		 	Schedule II-2	 	Sale Agreement
		 		 	(20[    ]-[        ])

 No Waiver 

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

 

  

					
		 	Schedule II-3	 	Sale Agreement
		 		 	(20[    ]-[        ])

 APPENDIX A 

DEFINITIONS 

The following terms have the meanings set forth, or referred to, below: 

“60-Day Delinquent Receivables” means all Receivables outstanding and
held by the Issuer (other than Purchased Receivables and Defaulted Receivables) that are 60 or more days delinquent, as determined in accordance with the Servicer’s Customary Servicing Practices. 

“AAA” means the American Arbitration Association. 

“Accrued Note Interest” means, with respect to any Payment Date, the sum of the Noteholders’ Monthly
Accrued Interest for such Payment Date and the Noteholders’ Interest Carryover Shortfall for such Payment Date. 

“Act” has the meaning set forth in Section 11.3(a) of the Indenture. 

“Adjusted Pool Balance” means [(a) as of the Closing Date, an amount equal to (x) the Net Pool Balance
as of the Cut-Off Date minus (y) the Yield Supplement Overcollateralization Amount for the Closing Date and (b) for any Payment Date an amount equal to (x) the Net Pool Balance at the end of the
Collection Period preceding that Payment Date minus (y) the Yield Supplement Overcollateralization Amount for that Payment Date]. 

“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 the Bank, or any successor Administrator under the Administration Agreement. 

[“Advance” has the meaning set forth in Section 4.3(b) of the Servicing Agreement.]

 “Affiliate” means, for any specified Person, any other Person which, directly or indirectly, controls,
is controlled by or is under common control with such specified Person and “affiliated” has a meaning correlative to the foregoing. For purposes of this definition, “control” means the power, directly or indirectly, to cause the
direction of the management and policies of a Person. 
 “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, or (c) the State
of Ohio [or the State of [__________]]. 
 “Asset Representations Review” has the meaning set forth in
Section 1.2 of the Asset Representations Review Agreement. 

  
 Appendix A-1 

 “Asset Representations Review Agreement” means the asset
representations review agreement, dated as of the Closing Date, among the Issuer, the Servicer and the Asset Representations Reviewer. 

“Asset Representations Reviewer” means [_____]. 

“Asset Representations Reviewer Fees and Expenses” means all of the accrued and unpaid Asset Representations
Reviewer’s fees and any amounts due to the Asset Representations Reviewer for reimbursement of expenses or in respect of indemnification to the extent not previously paid to the Asset Representations Reviewer by the Servicer. 

“Authenticating Agent” means any Person authorized by the Indenture Trustee to act on behalf of the Indenture
Trustee 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 thereafter) or (ii) 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 the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Note Registrar and the Servicer, any officer of the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Note Registrar or the
Servicer, as applicable, who is authorized to act for the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Note Registrar or the Servicer, as applicable, in matters relating to the Owner Trustee, the Delaware Trustee, the Indenture
Trustee, the Note Registrar or the Servicer and who is identified on the list of Authorized Officers delivered by each of the Owner Trustee, the Delaware Trustee, the Indenture Trustee and the Servicer to the Indenture Trustee on the Closing Date or
by the Note Registrar on the date of its appointment as such (as such list may be modified or supplemented from time to time thereafter). 

“Available Funds” 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 with respect to each Receivable that is to become a
Repurchased Receivable on such Payment Date, (iii) the Reserve Account Excess Amount for such Payment Date[, (iv) the Net Swap Receipts (excluding Swap Termination Payments received from the Swap Counterparty and deposited into the Swap
Termination Payment Account), (v) amounts on deposit in the Swap Termination Payment Account to the extent such amounts are required to be included in Available Funds pursuant to Section 4.8(d) of the Servicing
Agreement, (vi) Swap Replacement Proceeds, to the extent required to be included in Available Funds pursuant to Section 4.8(f) of the Servicing Agreement] and (vii) the Optional Purchase Price deposited into the
Collection Account in connection with the exercise of the Optional Purchase. 

  
 Appendix A-2 

 “Available Funds Shortfall Amount” means, as of any Payment
Date, the amount by which the sum of the amounts required to be paid pursuant to clauses [first through seventh] of Section 8.5(a) of the Indenture exceeds the [sum of (i)] Available Funds for such Payment
Date [and (ii) Advances made by the Servicer on such Payment Date]. 
 “Bank” means Fifth Third Bank,
an Ohio banking corporation, and its successors and assigns. 
 “Bank Transferred Assets” has the meaning
set forth in Section 2.1 of the Receivables Sale Agreement. 
 “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 90 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 Seller, the Issuer, any other trust created by the Seller or any limited liability company or corporation wholly-owned by the Seller. 

“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” as described by Section 4975(e)(1) of the Code, which is subject to Section 4975 of the Code or (iii) any entity deemed to hold the assets of any of the foregoing.

 “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 in the
states of Delaware, Ohio, [_________] or New York, or in the states in which the Corporate Trust Office of the Indenture Trustee is located, are authorized or obligated by law, executive order or government decree to be closed. 

  
 Appendix A-3 

 “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 to the
extent required by 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 and which is responsible for accepting applications for, and maintaining records regarding, certificates of title and liens thereon. 

“Certificate of Trust” means the certificate of trust for the Issuer filed on [_______________] by the Owner Trustee and the
Delaware Trustee pursuant to the Statutory Trust Statute. 
 “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 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. 
 “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[-A Notes, the Class A-2-B] Notes, the
Class A-3 Notes, the Class A-4 Notes and the Class B Notes. 

“Class A Noteholders” means, collectively, the
Class A-1 Noteholders, the Class A-2[-A Noteholders, the Class A-2-B] Noteholders, the Class A-3 Noteholders and the Class A-4 Noteholders. 

“Class A Noteholders’ Interest Carryover Shortfall” means, with respect to any
Payment Date, the excess 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 is 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 Class A Notes on the preceding Payment Date, to the extent
permitted by law, at the respective Interest Rates borne by such Class A Notes for the related Interest Period. 

  
 Appendix A-4 

 “Class A Noteholders’ Monthly Accrued
Interest” means, 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[-A Notes, the Class A-2-B] Notes, the Class A-3 Notes and the Class A-4 Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of each such Class on the immediately preceding Payment Date or the Closing Date, as the case may be,
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 and the
Class A-4 Notes. 

“Class A-1 Final Scheduled Payment Date” means 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[-A]
Final Scheduled Payment Date” means the Payment Date occurring in [            ]. 

“Class A-2[-A]
Interest Rate” means [    ]% per annum (computed on the basis of a 360-day year of twelve 30-day months). 

“Class A-2[-A] Note
Balance” means, at any time, the Initial Class A-2[-A] Note Balance reduced by all payments of principal made prior to such time on the Class A-2[-A] Notes. 

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

“Class A-2-[A] Notes”
means the Class of auto loan asset backed notes designated as Class A-2[-A] Notes, issued in accordance with the Indenture. 

“Class A-2[-B]
Final Scheduled Payment Date” means the Payment Date occurring in [            ]. 

[“Class A-2-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); provided, that if the sum
of LIBOR + [____] is less than 0.00% for an Interest Period, then the Class A-2-B Interest Rate for such Interest Period is 0.00%.] 

  
 Appendix A-5 

[“Class A-2-B Note Balance”
means, at any time, the Initial Class A-2-B Note Balance reduced by all payments of principal made prior to such time on the Class A-2-B Notes.] 
 [“Class A-2-B Noteholder” means the Person in whose name a Class A-2-B Note is
registered on the Note Register.] 
 [“Class A-2-B Notes” means the Class of auto loan asset backed notes designated as Class A-2-B Notes, issued in
accordance with the Indenture.] 
 “Class A-2
Notes” means, collectively, the Class A-2-A Notes and the Class A-2-B
Notes. 
 “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 Final Scheduled Payment Date” means the
Payment Date occurring in [            ]. 
 “Class A-4 Interest Rate” means [___]% per annum (computed on the basis of a 360-day year of twelve 30-day months). 

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

“Class A-4 Noteholder” means the Person in whose name a Class A-4 Note is registered on the Note Register. 
 “Class A-4 Notes” means the Class of auto loan asset backed notes designated as Class A-4 Notes, issued in accordance with the Indenture. 

“Class B Final Scheduled Payment Date” means the Payment Date occurring in
[            ]. 
 “Class B 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 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 A-1 Notes. 

  
 Appendix A-6 

 “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” means, with respect to any Payment Date, the excess 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 is 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 Class B Notes on the preceding Payment Date, to the extent permitted by law, at the Class B Interest Rate for the related Interest Period. 

“Class B Noteholders’ Monthly Accrued Interest” means, with respect to any Payment
Date, the aggregate interest accrued for the related Interest Period on the Class B Notes at the Class B Interest Rate on the Class B Note Balance on the immediately preceding Payment Date or the Closing Date, as the case may be,
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. 

“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 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 on the Cut-Off Date and ending on
[            ]). As used herein, the “related” Collection Period with respect to a Payment Date shall be deemed to be the Collection Period which precedes such Payment Date. 

“Collections” means, with respect to the Receivables and to the extent received by the Servicer after
the Cut-Off Date, (A) the sum of (i) any monthly payment by or on behalf of the Obligor thereunder, (ii) any full or partial prepayment of such Receivables, (iii) all Liquidation Proceeds
and (iv) any other amounts received by the Servicer which, in accordance with the 

  
 Appendix A-7 

 
Customary Servicing Practices, would customarily be applied to the payment of accrued interest or to reduce the Outstanding Principal Balance of a Receivable less (B) all Liquidation
Expenses; provided, however, that the term “Collections” in no event will include (1) for any Payment Date, any amounts in respect of any Receivable the Repurchase Price of which has been included in the
Available Funds on a prior Payment Date, (2) any Supplemental Servicing Fees or (3) rebates of premiums with respect to the cancellation or termination of any Insurance Policy, extended warranty or service contract that was not financed by
such Receivable. 
 “Commission” means the U.S. Securities and Exchange Commission. 

“Computation Agent” means the Person appointed by a majority of the Noteholders evidencing at least a majority of the
Outstanding Note Balance (or, if no Notes are Outstanding, by the Majority Certificateholders) to fulfill the role of Computation Agent pursuant to Sections 12.5(c), 12.5(e)(ii) and 12.5(e)(iii)(a) of the Indenture. For the
avoidance of doubt, the Indenture Trustee or Owner Trustee may (but are not required to) serve in this role, and the Indenture Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to
Section 6.7 of the Indenture, and the Owner Trustee acting as Computation Agent will be entitled to a fee for such service pursuant to Section 8.1 of the Trust Agreement. 

“Contract” means, with respect to any Receivable, the motor vehicle retail installment sale contract and/or note and security
agreement, the installment loan agreement, any amendments thereto and any related documentary draft, if applicable, evidencing such Receivable. 

“Contract Rate” means, with respect to a Receivable, the rate per annum at which interest accrues under the
Contract evidencing such Receivable. Such rate may be less than the “Annual Percentage Rate” disclosed in the Receivable. 

[“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 Servicer, the Bank or any of their
respective Affiliates unless all of the Notes then Outstanding are held by the Servicer, the Bank and/or their respective Affiliates).] 

“Corporate Trust Office” means: 

(a)      as used with respect to the Indenture Trustee, the principal office of the Indenture
Trustee at which at any particular time its corporate trust business shall be administered, which office at the date of the execution of the Indenture is located at
[                    ] (facsimile no. [            ]), Attention:
[                        ], or at such other address as the Indenture Trustee may designate from time to time by notice to the
Noteholders, [the Swap Counterparty,] the Administrator, 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
Administrator, the Servicer, the Delaware Trustee and the Owner Trustee); 
 (b)      as used
with respect to Owner Trustee, the corporate trust office of the Owner Trustee located at [                        ], (facsimile
no. [            ]), Attention: [                    ] or at such other address as the
Owner Trustee may designate by notice to the Certificateholder and the Seller, 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
Seller); and 

  
 Appendix A-8 

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

[“Cumulative Net Loss” means, for any Payment Date, the excess of (a) the aggregate Outstanding
Principal Balance of all Receivables that became Defaulted Receivables since the Cut-Off Date over (b) aggregate Liquidation Proceeds for all Receivables that became Defaulted Receivables since the Cut-Off Date.] 
 [“Cumulative Net Loss Ratio” means, for any Payment
Date, the ratio (expressed as a percentage) computed by dividing (a) the Cumulative Net Loss for that Payment Date by (b) the Net Pool Balance as of the Cut-Off Date.] 

“Customary Servicing Practices” means the customary servicing practices of the Servicer or any Sub-Servicer with respect to all comparable motor vehicle receivables that the Servicer or such Sub-Servicer, as applicable, services for itself or others, as such practices
may be changed from time to time, it being understood that the Servicer and the Sub-Servicers may not have the same “Customary Servicing Practices”. 

“Cut-Off Date” means the close of business on
[            ]. 
 “Dealer” means a motor
vehicle dealership. 
 “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 accordance with its Customary Servicing Practices. 

“Definitive Note” means a definitive fully registered Note issued pursuant to
Section 2.12 of the Indenture. 
 “Delaware Trustee” means
[                        ], a
[                        ], not in its individual capacity but solely as Delaware trustee under the Trust Agreement, and any
successor Delaware Trustee thereunder. 
 “Delinquency Percentage” means, for each Payment Date, an amount
equal to the ratio (expressed as a percentage) of (i) the Net Pool Balance of all 60-Day Delinquent Receivables as of the last day of the calendar month immediately preceding such Payment Date to
(ii) the Net Pool Balance of all outstanding Receivables held by the Issuer as of the last day of the calendar month immediately preceding such Payment Date. 

  
 Appendix A-9 

 “Delinquency Trigger” means, for any Payment Date and the
related preceding calendar month, [__]%. 
 “Delivery” when used with respect to Trust Account Property
means: 
 (a)      with respect to (I) bankers’ acceptances, commercial paper,
negotiable certificates of deposit and other obligations that constitute “instruments” as defined in Section 9-102(a)(47) of the UCC and are susceptible of physical delivery, transfer of actual
possession thereof to the Indenture Trustee or its nominee or custodian by physical delivery to the Indenture Trustee or its nominee or custodian endorsed to the Indenture Trustee or its nominee or custodian or endorsed in blank and (II) with
respect to a “certificated security” (as defined in Section 8-102(a)(4) of the UCC) transfer of actual possession thereof (i) by physical delivery of such certificated security to the
Indenture Trustee or its nominee or custodian endorsed to, or registered in the name of, the Indenture Trustee or its nominee or custodian or endorsed in blank, or to another person, other than a “securities intermediary” (as defined in Section 8-102(a)(14) of the UCC), who acquires possession of the certificated security on behalf of the Indenture Trustee or its nominee or custodian or, having previously acquired possession of the
certificate, acknowledges that it holds for the Indenture Trustee or its nominee or custodian or (ii) if such certificated security is in registered form, by delivery thereof to a “securities intermediary”, endorsed to or registered
in the name of the Indenture Trustee or its nominee or custodian, and the making by such “securities intermediary” of entries on its books and records identifying such certificated securities as belonging to the Indenture Trustee or its
nominee or custodian and the sending by such “securities intermediary” of a confirmation of the purchase of such certificated security by the Indenture Trustee or its nominee or custodian (all of the foregoing, “Physical
Property”), and, in any event, any such Physical Property in registered form shall be in the name of the Indenture Trustee or its nominee or custodian; and such additional or alternative procedures as may hereafter become appropriate to
effect the complete transfer of ownership of any such Trust Account Property to the Indenture Trustee or its nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof; 

(b)      with respect to any securities issued by the U.S. Treasury, the Federal Home Loan
Mortgage Corporation, the Federal National Mortgage Association or the other government agencies, instrumentalities and establishments of the United States identified in Appendix A to Federal Reserve Bank Operating Circular No. 7 as in effect
from time to time that is a “book-entry security” (as such term is defined in Federal Reserve Bank Operating Circular No. 7) held in a securities account and eligible for transfer through the Fedwire® Securities Service operated by the Federal Reserve System pursuant to Federal book-entry regulations, the following procedures, all in accordance with applicable law, including applicable Federal
regulations and Articles 8 and 9 of the UCC: book-entry registration of such Trust Account Property to an appropriate securities account maintained with a Federal Reserve Bank by a “participant” (as such term is defined in Federal Reserve
Bank Operating Circular No. 7) that is a “depository institution” (as defined in Section 19(b)(1)(A) of the Federal Reserve Act) pursuant to applicable Federal regulations, and issuance by such depository institution of a deposit
notice or other written confirmation of such book-entry registration to the Indenture Trustee or its nominee or custodian of the purchase by the Indenture Trustee or its nominee or custodian of such book-entry securities; the making by such
depository institution of entries in its books and records identifying such book entry security held through the Federal Reserve System pursuant to 

  
 Appendix A-10 

 
Federal book-entry regulations or a security entitlement thereto as belonging to the Indenture Trustee or its nominee or custodian and indicating that such depository institution holds such Trust
Account Property solely as agent for the Indenture Trustee or its nominee or custodian; and such additional or alternative procedures as may hereafter become appropriate to effect complete transfer of ownership of any such Trust Account Property to
the Indenture Trustee or its nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof; and 

(c)      with respect to any item of Trust Account Property that is an “uncertificated
security” (as defined in Section 8-102(a)(18) of the UCC) and that is not governed by clause (b) above, (i) registration on the books and records of the issuer thereof in the name of the
Indenture Trustee or its nominee or custodian, or (ii) registration on the books and records of the issuer thereof in the name of another person, other than a securities intermediary, who acknowledges that it holds such uncertificated security
for the benefit of the Indenture Trustee or its nominee or custodian. 
 “Depositor” means the Seller in
its capacity as depositor under the Trust Agreement. 
 “Designated Certificateholder Account” means (a) so long as
the Depositor or one of its Affiliates is the sole Certificateholder, the account designated by such Certificateholder (which need not be under the control of the Owner Trustee) and (b) at any time thereafter, the Certificate Distribution
Account. 
 “Determination Date” means, for any Collection Period, the second Business Day preceding the
related Payment Date, beginning [            ]. 

“Dollar” and “$” mean lawful currency of the United States of America. 

“DTC” means The Depository Trust Company, and its successors. 

“Eligible Account” means: (a) a deposit account maintained with a federal or state chartered depository institution or
trust company that is an Eligible Institution or (b) with respect to Permitted Investments only, a segregated trust account maintained with the corporate trust department of a federal depository institution or state chartered depository
institution that is subject to federal or state regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. §9.10(b) which has corporate trust powers, acting in its fiduciary capacity, so long as any of the securities of
such depository institution have a credit rating from each Rating Agency in one of its generic rating categories which signifies investment grade. 

“Eligible Institution” means (a) in the case of deposit accounts or trust accounts in which deposits are
held for less than thirty (30) days, an institution whose long-term unsecured debt obligations are rated at least “[__]” by [__] and are rated at least “[__]” by [__], and if such institution has a short-term rating from
[__], an institution whose commercial paper, short-term debt obligations or other short-term deposits are rated at least “[__]” by [__] and (b) in the case of deposit accounts or trust accounts in which deposits are held for more than
thirty (30) days, an institution whose commercial paper, short-term debt obligations or other short-term deposits are rated “[__]” by [__], and whose long-term unsecured debt obligations are rated at least “[__]” by [__],
and if such institution has a short-term rating from “[__]”, an institution whose commercial paper, short-term debt obligations or other short-term deposits are rated at least “[__]” by [__]. 

  
 Appendix A-11 

 “Eligible Receivable” means a Receivable meeting all of the
criteria set forth on Schedule I of the Receivables Sale Agreement as of the Closing Date. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“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 and Form 10-K filed or to be filed by the Seller with respect to the Issuer under the Exchange Act. 

“FATCA” means Sections 1471 through 1474 of the Code, any current or future regulations or official
interpretations thereunder or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code, any published intergovernmental agreement entered into in connection with the implementation the
foregoing and any fiscal or regulatory legislation, rules or official practices adopted pursuant to such published intergovernmental agreement. 

“FATCA Withholding Tax” means any withholding or deduction required pursuant to FATCA. 

[“FDIC” means the Federal Deposit Insurance Corporation.] 

[“FDIC Rule” means the FDIC’s rule regarding the treatment by the FDIC, as receiver or conservator of an
insured depository institution, of financial assets transferred by the institution in connection with a securitization or participation (12 C.F.R. § 360.6).] 

“Fifth Third Parties” means, collectively, the Bank, FTH LLC, the Seller and the Issuer. 

“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[-A] Notes, the Class A-2[-A] Final Scheduled Payment Date, [(iii) the
Class A-2-B Notes, the Class A-2-B Final Scheduled Payment Date,] (iv) the Class A-3 Notes, the Class A-3 Final Scheduled Payment Date, (v) the Class A-4 Notes, the Class A-4 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, van or other motor vehicle, together
with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable. 
 “First Allocation of
Principal” means, for any Payment Date, an amount not less than zero equal to the excess, if any, of (a) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such
Payment Date) over (b) the Net Pool Balance as of the last day of the related Collection Period; provided, however, that the First Allocation of Principal on and after the Final Scheduled Payment Date for any Class of Notes
will not be less than the amount that is necessary to reduce the Note Balance of that Class of Notes to zero (after the application of the First Allocation of Principal). 

  
 Appendix A-12 

 [“Fitch” means Fitch Ratings, Inc., or any successor that
is a nationally recognized statistical rating organization.] 
 “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. 

“FTH LLC” means Fifth Third Holdings, LLC, a Delaware limited liability company, and its successors and
assigns. 
 “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. 

“Hague Securities Convention” means the Hague Convention on the Law Applicable to Certain Rights in Respect
of Securities held with an Intermediary (concluded July 5, 2006). 
 “Holder” means, as the context
may require, the Certificateholder or a Noteholder or both. 
 “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 indenture trustee under the Indenture. 

  
 Appendix A-13 

 “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 Administrator 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 upon the Notes, the Administrator or any Affiliate of any of the foregoing Persons and (iii) is not connected with the Issuer, any such other obligor upon the Notes, the
Administrator 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[-A] Note Balance” means $[            ]. 

“Initial
Class A-2[-B] Note Balance” means $[            ]. 

“Initial Class A-3 Note Balance” means
$[            ]. 
 “Initial Class A-4 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 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[-A] Note Balance[, the Initial Class A-2-B Note Balance,] the Initial Class A-3 Note Balance, the Initial Class A-4 Note Balance or the Initial
Class B Note Balance, as applicable, or with respect to the Notes generally, the sum of the foregoing. 

“Initial Reserve Account Deposit Amount” means an amount equal to
$[            ]. 
 [“Initial Swap
Counterparty” means [                        ], as the swap counterparty under the Initial Interest Rate Swap
Agreement.] 
 “Insurance Policy” means (i) any theft and physical damage insurance policy maintained
by the Obligor under a Receivable, providing coverage against loss or damage to or theft of the related Financed Vehicle, and (ii) any credit life or credit disability insurance maintained by an Obligor in connection with any Receivable. 

  
 Appendix A-14 

 “Interest Period” means, with respect to any Payment Date,
[(a)] with respect to the Class A-1 Notes and the Class A-2[-B] Notes, from and including the Closing Date (in the case
of the first Payment Date) or from and including the most recent Payment Date to but excluding that 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) for the Class A-2[-A] Notes, the Class A-3 Notes, the Class A-4 and Class B Notes, from and including the 15th day of the calendar month preceding that Payment Date (or from and including the Closing Date
in the case of the first Payment Date) to but excluding 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[-A] Notes, the Class A-2[-A] Interest Rate, [(c) with respect to the Class A-2-B Notes, the Class A-2-B Interest Rate,] (d) with respect to the Class A-3 Notes, the
Class A-3 Interest Rate, (e) with respect to the Class A-4 Notes, the Class A-4 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.] 

“Issuer” means Fifth Third Auto Trust 20[__]-[__], a Delaware statutory trust established pursuant to the
Trust Agreement and the filing of the Certificate of Trust, until a successor replaces it and, thereafter, means such successor. 

“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. 
 “Item 1119
Party” means the Seller, the Bank, FTH LLC, the Servicer, the Indenture Trustee, the Owner Trustee, the Delaware Trustee, any underwriter of the Notes[, any Swap Counterparty] and any other material transaction party identified by the
Seller, the Bank or FTH LLC to the Indenture Trustee and the Owner Trustee in writing. 
 [“LIBOR” means,
subject to Section 3.1(b) of the Indenture, with respect to any Interest Period (including the first 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 Bloomberg Screen BTMM Page (or any successor page) as of 11:00 a.m., London time, on such LIBOR Determination Date. If the rates used to determine LIBOR do not appear on the Bloomberg
Screen BTMM Page (or any successor 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 reference banks are the four major banks in the London interbank market selected by the Administrator.]

 [“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.] 

  
 Appendix A-15 

 “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, in the case of each of clauses (a) through (c) of the
definition of “Liquidation Proceeds”, any expenses (including without limitation, any auction, painting, repair or refurbishment expenses in respect of the related Financed Vehicle) incurred by the Servicer in connection therewith and any
payments required by law to be remitted to the Obligor. 
 “Liquidation Proceeds” means, with respect to
any Receivable, (a) insurance proceeds received by the Servicer with respect to the Insurance Policies, (b) amounts received by the Servicer in connection with such Receivable pursuant to the exercise of rights under such Receivable
and (c) the monies collected by the Servicer (from whatever source, including proceeds of a sale of a Financed Vehicle, a deficiency balance recovered from the Obligor after the charge-off of such
Receivable or as a result of any recourse against the related Dealer, if any) on such Receivable other than any monthly payments by or on behalf of the Obligor thereunder or any full or partial prepayment of such Receivable; provided,
however, that the Repurchase Price for any Receivable shall not constitute “Liquidation Proceeds.” 

[“London Business Day” means any day other than a Saturday, Sunday or day on which banking institutions in
London, England are authorized or obligated by law or government decree to be closed.] 
 “Majority
Certificateholders” means Certificateholders holding in the aggregate more than 50% of the Percentage Interests. 

[“Moody’s” means Moody’s Investors Service, Inc., or any successor that is a nationally recognized
statistical rating organization.] 
 “Net Pool Balance” means, as of any date, the aggregate Outstanding
Principal Balance of all Receivables (other than Defaulted Receivables) of the Issuer on such date. 
 [“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 any Payment Date, including prior unpaid Net Swap Payments and any
interest accrued thereon, under such Interest Rate Swap Agreement; provided, that “Net Swap Payments” do not include 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 any Swap Payment Date, excluding any Swap Termination Payments.] 
 “Non-Retained Notes” means any Notes that are not Retained Notes. 

“Note” means a Class A-1 Note, Class A-2[-A] Note, [Class A-2-B Note,] Class A-3 Note, Class A-4 Note or Class B Note, in each case substantially in the forms of Exhibit A to the Indenture. 

  
 Appendix A-16 

 “Note Balance” means, with respect to any date of
determination, for any Class, the Class A-1 Note Balance, the Class A-2[-A] Note Balance, [the Class A-2-B Note Balance,] the Class A-3 Note Balance, the Class A-4 Note
Balance or the Class B Notes Balance, as applicable, or with respect to the Notes generally, 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” means, with respect to the Notes or any Class of Notes on any Payment Date, a six-digit decimal figure equal to the Note Balance of the Notes or such Class of Notes, as applicable, as of the end of the preceding Collection Period divided by the Note Balance of the Notes or such
Class of Notes, as applicable, 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 the Notes or such Class of Notes, as
applicable. 
 “Noteholder” means, as the context requires, all of the
Class A-1 Noteholders, the Class A-2[-A] Noteholders, [the Class A-2-B Noteholders,] the Class A-3 Noteholders, the Class A-4 Noteholders and the Class B Noteholders
or any of the foregoing. 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. 

“Noteholders’ Interest Carryover Shortfall” means, with respect to any Payment Date, the excess, if any,
of (A) the sum of (i) the Noteholders’ Monthly Accrued Interest for the preceding Payment Date and (ii) any Noteholders’ Interest Carryover Shortfall for the preceding Payment Date, over (B) the amount in respect of
interest that is actually paid to Noteholders on such preceding Payment Date, plus interest on the amount of interest due but not paid to Noteholders on the preceding Payment Date, to the extent permitted by law, at the respective Interest
Rates borne by such Notes for the related Interest Period. 
 “Noteholders’ Monthly Accrued
Interest” means, 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[-A] Notes, [the Class A-2-B Notes,] the Class A-3 Notes, the Class A-4 Notes and the Class B Notes at the respective Interest Rate for such Class on the Note Balance of the Notes of the related Class as of the immediately preceding Payment Date or, with
respect to the First Payment Date, as of the Closing Date, as the case may be, after giving effect to all payments of principal to the Noteholders on or prior to such preceding Payment Date. 

“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. 
 “Obligor” means, for any
Receivable, each Person obligated to pay such Receivable. 

  
 Appendix A-17 

 “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 Seller, the Bank, FTH LLC or the Servicer, a certificate signed by the chairman of the board, the president, any executive vice president, any
vice president, any assistant vice president, the treasurer, any assistant treasurer or the controller of the Seller, FTH LLC, the Bank 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, the Seller, the Bank, FTH LLC or the Administrator, 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 7.1 of the Servicing
Agreement. 
 “Optional Purchase Price” has the meaning set forth in Section 7.1
of the Servicing Agreement. 
 “Originator” means, with respect to any Receivable, the Bank. 

“Other Assets” means any assets (or interests therein) (other than the Trust Estate) conveyed or
purported to be conveyed by the Seller 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, as applicable)
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; 

(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 Certificateholder, the Servicer, the Administrator or any of their respective Affiliates shall be disregarded and deemed not to be
Outstanding unless all of the Notes are then owned by the Issuer, the Certificateholder, the 

  
 Appendix A-18 

 
Servicer, the Administrator or any of their respective Affiliates, 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 Seller, the Servicer, the Administrator 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 Collection Account and 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. 

“Payment Default” has the meaning set forth in Section 5.4(a) of the Indenture.

 “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 Investments” means 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, money market deposit accounts, time
deposits or certificates of deposit of any depository institution (including, the Servicer, the Indenture Trustee, the Delaware Trustee or the Owner Trustee or any of their respective Affiliates) 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 

  
 Appendix A-19 

 
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 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 [__________] of at least [___] and from [_______] of [___]; 

(c)      commercial paper (including commercial paper of any Affiliate of the Seller,
the Servicer, the Bank, the Indenture Trustee, the Delaware Trustee or the Owner Trustee or any of their respective Affiliates) having, at the time of the investment or contractual commitment to invest therein, a rating from [__________] of at
least [___] from [________] of at least [___]; 
 (d)      investments in money market funds
(including funds for which the Seller, the Servicer, the Bank, the Indenture Trustee, the Delaware Trustee or Owner Trustee or any of their respective Affiliates is investment manager or advisor) having, at the time of the investment or
contractual commitment to invest therein, a rating from each of [__________] and [__________] in the highest investment category granted thereby for such obligations; 

(e)      bankers’ acceptances issued by any depository institution or trust company
referred to in clause (b) above; and 
 (f)      repurchase obligations with respect to
any security that is a direct obligation of, or fully guaranteed by, the United States of America or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States of America,
in either case entered into with a broker-dealer, depository institution or trust company (acting as principal) referred to in clause (b) above. 

“Permitted Liens” means (a) any liens created by the Transaction Documents, (b) any liens for taxes
not yet 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. 

“Person” means any individual, corporation, limited liability company, estate, partnership, joint venture,
association, joint stock company, trust (including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof. 

“Physical Property” has the meaning specified in the definition of “Delivery” above. 

“Plan” means (i) any “employee benefit plan” as defined in Section 3(3) of ERISA, whether
or not subject to Title I of ERISA, (ii) a “plan” as described by Section 4975(e)(1) of the Code or (iii) any entity deemed to hold the assets of any of the foregoing. 

  
 Appendix A-20 

 “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 by that name established and maintained pursuant to
Section 8.2(a)(ii) of the Indenture. 
 “Proceeding” means any suit in equity,
action at law or other judicial or administrative proceeding. 
 “Purchase Agreement” means the Purchase
Agreement, dated as of the Closing Date, between FTH LLC and the Seller, as amended, modified or supplemented from time to time. 

“Purchased Assets” has the meaning set forth in Section 2.1 of the Purchase
Agreement. 
 “Qualified Institutional Buyer” means a “qualified institutional buyer” as defined
in Rule 144A under the Securities Act. 
 “Rating Agency” means either or each
[_____________________________], as indicated by the context. 
 “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 it 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 or circumstance at least ten days prior to the occurrence of such event or circumstance (or, if ten (10) days’ advance notice is impracticable, as much advance notice as is practicable) and such Rating Agency shall not have issued
any written notice that the occurrence of such event or circumstance will cause it to downgrade, qualify or withdraw its rating assigned to the Notes. 

“Receivable” means any Contract with respect to a new or used automobile, light-duty truck, van or other
motor vehicle, which shall appear on the Schedule of Receivables and all Related Security in connection therewith which has not been released from the lien of the Indenture. 

“Receivable Files” has the meaning set forth in Section 2.1(a) of the Servicing
Agreement. 
 “Receivables Sale Agreement” means the Receivables Sale Agreement, dated as of the Closing
Date, between the Bank and FTH LLC, as amended, modified or supplemented from time to time. 

  
 Appendix A-21 

 “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, 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 Book-Entry 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. 

“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 Administrator or the Issuer pursuant to Section 10.1 of the Indenture. 

“Redemption Price” means an amount equal to the sum of (a) the unpaid Note Balance of all the Notes
redeemed plus (b) accrued and unpaid interest thereon at the applicable Interest Rate for the Notes being so redeemed, up to but excluding the Redemption Date [plus (c) all amounts owing to the Swap Counterparty as of the
Redemption Date]. 
 “Registered Holder” means the Person in whose name a Note is registered on the Note
Register on the related Record Date. 
 “Regular Principal Distribution Amount” means, for any Payment
Date, an amount not less than zero equal to the excess of (a) the excess of (A) the Note Balance of the Notes as of such Payment Date (before giving effect to any principal payments made on the Notes on such Payment Date) over (B) the
Net Pool Balance as of the end of the related Collection Period minus the Target Overcollateralization Amount over (b) the First Allocation of Principal for that Payment Date; provided, however, that the “Regular Principal
Distribution Amount” on and after the Final Scheduled Payment Date for any Class of Notes will not be less than the amount that is necessary to reduce the Note Balance of that Class to zero (after the application of the First
Allocation of Principal). 
 “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. 
 “Related Security” means, for any Receivable, (i) the
security interest in the related Financed Vehicle, (ii) all rights of the Originator to proceeds from claims on any Insurance Policy, (iii) any other property securing the Receivables, (iv) all rights of the Originator against
the related Dealer, (v) all rights of the Originator to refunds in connection with extended service agreements relating to Receivables and (vi) all proceeds of the foregoing. 

“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. 

  
 Appendix A-22 

 [“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 or supplemented from time to time in accordance with the terms thereof.] 

[“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 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 Seller 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 Seller 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 Servicer Replacement Event; 
 (d)      an Event of
Default; 
 (e)      the resignation, removal, replacement or substitution of
the Indenture Trustee, the Delaware Trustee or the Owner Trustee; and 

(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, 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 the Bank, FTH LLC, the Servicer or the Seller, as applicable. 

  
 Appendix A-23 

 “Repurchase Request” means a written request from a
Requesting Party that the Bank repurchase a Receivable due to an alleged breach of a representation and warranty in Schedule I to the Receivables Sale Agreement. A Repurchase Request from a Requesting Party shall set forth (i) each
Receivable that is subject to such Repurchase Request, (ii) the specific representation or warranty contained in Schedule I to the Receivables Sale Agreement it alleges was breached and (iii) the material adverse effect of such
breach on the interests of the Issuer or the Noteholders that triggers the Repurchase Request. 
 “Repurchased
Receivable” means a Receivable purchased by the Bank pursuant to Section 3.3 of the Receivables Sale Agreement or by the Servicer pursuant to Section 3.6 of the Servicing Agreement. 

“Requesting Party” means any Noteholder or Note Owner that has submitted a Repurchase Request. 

“Reserve Account” means the account designated as such, established and maintained pursuant to
Section 8.2(a)(iii) 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 Funds Shortfall Amount, if any, for such Payment Date and (b) the amount on deposit in the Reserve Account on the Business Day prior
to such Payment Date (other than interest and investment income (net of losses and investment expenses) on funds on deposit in the Reserve Account). In addition, if the sum of the amounts in the Reserve Account and the remaining Available Funds
after the payments under clauses [first through seventh] of Section 8.5(a) of the Indenture would be sufficient to pay in full the aggregate unpaid Note Balance of all of the outstanding Classes of Notes, then
the Reserve Account Draw Amount will, if so specified by the Servicer in the Servicer’s Certificate, include such additional amount as may be necessary to pay all Outstanding Notes in full. 

“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 with respect to that Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Excess Amount” shall mean an amount equal to the
amount of cash or other immediately available funds in the Reserve Account on that Payment Date (other than interest and investment income (net of losses and investment expenses) on funds on deposit in the Reserve Account), after giving effect
to all deposits to and withdrawals from the Reserve Account relating to that Payment Date. 
 “Responsible
Officer” means, (a) with respect to the Indenture Trustee, the Paying Agent, the Note Registrar and the Authenticating Agent, any officer within the corporate trust department of the Indenture Trustee, the Paying Agent, the Note
Registrar and the Authenticating Agent, as applicable, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Indenture Trustee, the Paying Agent, the
Note Registrar and the Authenticating Agent, as applicable, who 

  
 Appendix A-24 

 
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, in each case, 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, associate, trust officer or
financial 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, (c) with respect to the Delaware Trustee, any officer within the Corporate Trust Office of the Delaware Trustee and having direct responsibility for the
administration of the Issuer, including any vice president, assistant vice president, assistant treasurer, assistant secretary, associate, trust officer or financial 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 (d) with respect to the Servicer, the Bank, FTH LLC, the Seller or the Administrator, 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, controller, 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. 

“Retained Notes” shall mean any Notes held by the Issuer (or any other Person treated as the same Person as
the Issuer for U.S. federal income tax purposes) or Affiliate thereof, until such time as such Notes are transferred in accordance with the terms and conditions of Section 2.16 of the Indenture and receive an opinion as
described in clause (x) of Section 2.16(d) of the Indenture. 
 “Review
Conditions” means (i) the Delinquency Percentage for any Payment Date meets or exceeds the Delinquency Trigger for that Payment Date and (ii) the required percentage of Noteholders or Note Owners, as applicable, have voted to
direct an Asset Representations Review of the Subject Receivables. 
 “Review Notice” means a notice from
the Indenture Trustee to the Asset Representations Reviewer and the Servicer directing the Asset Representations Reviewer to conduct an Asset Representations Review. 

“Risk Retention Rules” means Part 267 – Credit Risk Retention, 12 C.F.R. §267, as such rules 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 (Credit Risk Retention No. 34-73407, Fed. Reg. 77,602, 77,766
(December 24, 2014)) or by the staff of the Commission, or as may be provided in writing by the Commission or its staff from time to time. 

“Rule 144A” means Rule 144A under the Securities Act and any successor rule thereto. 

  
 Appendix A-25 

 “Sale Agreement” means, the Sale Agreement dated as of the
Closing Date, between the Seller and the Issuer, as the same may be amended and supplemented from time to time. 

“Sarbanes Certification” has the meaning set forth in Section 8.19(b)(iii) 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 the
schedule of Receivables transferred to the Issuer on the Closing Date. 
 “Second Allocation of Principal”
means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the sum of the Note Balance of the Class A Notes and Class B Notes minus the First Allocation of Principal for such Payment Date, over
(b) the Net Pool Balance as of the end of the related Collection Period; provided, however, that the Second Allocation of Principal for any Payment Date on and after the Final Scheduled Payment Date for the Class A Notes or
the Class B Notes shall not be less than the amount that is necessary to reduce the Class A Note Balance or the Class B Note Balance, as applicable, to zero (after the application of the First Allocation of Principal). 

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

“Seller” means Fifth Third Holdings Funding, LLC, a Delaware limited liability company. 

[“Senior Swap Termination Payment” means any Swap Termination Payment owed by the Issuer to the Swap
Counterparty under an Interest Rate Swap Agreement arising due to (1) the failure of the Issuer to make Net Swap Payments due under that Interest Rate Swap Agreement, (2) illegality of performance under the Interest Rate Swap Agreement or
(3) the occurrence of bankruptcy or insolvency events with respect to the Issuer.] 
 “Servicer” means
the Bank, initially, and any replacement Servicer appointed pursuant to the Servicing Agreement. 
 “Servicer’s
Certificate” means the certificate delivered pursuant to Section 3.9 of the Servicing Agreement. 

“Servicer Replacement Event” means any one or more of the following that shall have occurred and be
continuing: 
 (a)      any failure by the Servicer to deliver or cause to be delivered any
required payment to the Indenture Trustee or the Owner Trustee for deposit into the Collection Account, which failure continues unremedied for five (5) Business Days after discovery thereof by a Responsible Officer of the Servicer or
receipt by a Responsible Officer of the Servicer of written notice thereof from the Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee has received written notice or has actual knowledge thereof) or Noteholders
evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are Outstanding, from the Majority Certificateholders); 

  
 Appendix A-26 

 (b)      any failure by the Servicer to duly
observe or perform in any material respect any other of its covenants or agreements in the Servicing Agreement (other than Section 3.15 of the Servicing Agreement), which failure materially and adversely affects the rights
of the Issuer or the Noteholders or the Certificateholders, and which continues unremedied for ninety (90) days after discovery thereof by a Responsible Officer of the Servicer or receipt by the Servicer of written notice thereof from the
Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee has received written notice or has actual knowledge thereof) or Noteholders evidencing at least a majority of the Outstanding Note Balance (or, if no Notes are
Outstanding, from the Majority Certificateholders) (it being understood that no Servicer Replacement Event will result from a breach by the Servicer of any covenant for which the repurchase of the affected Receivable is specified as the sole remedy
pursuant to Section 3.6 of the Servicing Agreement); 
 (c)      any
representation or warranty of the Servicer made in any Transaction Document to which the Servicer is a party or by which it is bound or any certificate delivered pursuant to the Servicing Agreement (other than Section 3.15
of the Servicing Agreement) proves to have been incorrect in any material respect when made, which failure materially and adversely affects the rights of the Issuer, the Noteholders or Certificateholders, and which failure continues unremedied for
ninety (90) days after discovery thereof by a Responsible Officer of the Servicer or receipt by the Servicer of written notice thereof from the Indenture Trustee (to the extent a Responsible Officer of the Indenture Trustee has received written
notice or has actual knowledge thereof) or Noteholders evidencing a majority of the aggregate principal amount of the Outstanding Notes (or, if no Notes are Outstanding, from the Majority Certificateholders); or 

(d)      the Servicer suffers a Bankruptcy Event; 

provided, further, that (A) any delay or failure of performance referred to in clause (a) above shall
have been caused by force majeure or other similar occurrence, the five Business Day grace period referred to in such clause (a) shall be extended for an additional sixty (60) calendar days and (B) if any delay or failure of
performance referred to in clause (b) or clause (c) above shall have been caused by force majeure or other similar occurrence, the ninety (90) day grace period referred to in clause (b) or clause
(c) shall be extended for an additional sixty (60) calendar days. The existence or occurrence of any “material instance of noncompliance” (within the meaning of Item 1122 of Regulation AB) shall not create any presumption
that any event in clauses (a), (b) or (c) above has occurred. 
 “Servicing
Agreement” means the Servicing Agreement, dated as of the Closing Date, among the Issuer, the Servicer and the Indenture Trustee, as the same may be amended, modified or supplemented from time to time. 

“Servicing Criteria” means the “servicing criteria” set forth in Item 1122(d) of Regulation AB.

  
 Appendix A-27 

 “Servicing Fee” means, for any Payment Date, the product of
(A) one-twelfth (or, in the case of the first Payment Date, [one-sixth][a fraction, the numerator of which is the number of days from but not including the Cut-Off Date to and including the last day of the first Collection Period and the denominator of which is 360]), (B) the Servicing Fee Rate and (C) the Net Pool Balance as of the first day of the related
Collection Period (or, in the case of the first Payment Date, as of the Cut-Off Date). 

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

“Similar Law” means any federal, state, local or non-U.S. 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, for any Payment Date, the lesser of
$[            ] and the aggregate outstanding principal balance of the Notes after giving effect to all payments of principal on such Payment Date; provided, however, if: 

(a) the Specified Reserve Reduction Trigger is met on the
[            ] Payment Date, the Specified Reserve Account Balance shall be reduced to $[            ] on that Payment Date and
shall remain at $[            ] for each Payment Date thereafter; and 

(b) the Specified Reserve Reduction Trigger is met on the
[            ] Payment Date, the Specified Reserve Account Balance shall be reduced to $[            ] on that Payment Date and
shall remain at $[            ] for each Payment Date thereafter. 

“Specified Reserve Reduction Trigger” means a trigger event that is met for the applicable Payment Date if
the Cumulative Net Loss Ratio for such Payment Date is less than [    ]% on the [            ] Payment Date or less than [    ]% on the
[            ] Payment Date. 
 [“S&P”
means S&P Global Ratings, or any successor that is a nationally recognized statistical rating organization.] 

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

 “Subject Receivables” means, for any Asset Representations Review, all Receivables Outstanding and held
by the Issuer which are 60 or more days delinquent as of the first day on which the Review Conditions are satisfied; provided, however, that any Receivable that becomes a Purchased Receivable or is paid off after such date will no longer be a
Subject Receivable. 

  
 Appendix A-28 

 [“Subordinated Swap Termination Payment” means any Swap
Termination Payment owed by the Issuer to the Swap Counterparty under an Interest Rate Swap Agreement other than a Senior Swap Termination Payment.] 

“Sub-Servicer” means any Affiliate of the Servicer or any sub-contractor to whom any or all duties of the Servicer (including, without limitation, its duties as custodian) under the Transaction Documents have been delegated in accordance with
Section 5.5 of the Servicing Agreement. 
 “Supplemental Servicing Fees” means
any and all (i) late fees, (ii) extension fees, (iii) non-sufficient funds charges, (iv) prepayment fees and (v) any and all other administrative fees or similar charges allowed by
applicable law with respect to any Receivable. 
 [“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 4.8(e)
of the Servicing Agreement.] 
 [“Swap Counterparty” means the Initial Swap Counterparty and any
Replacement Swap Counterparty.] 
 [“Swap Payment Date” means the date on which Net Swap Receipts or Net
Swap Payments, as applicable, are made pursuant to the Interest Rate Swap Agreement.] 
 [“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, under the Interest Rate Swap Agreement 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 4.7(b) of the Servicing Agreement.] 

[“Target Credit Enhancement Overcollateralization Amount” means, with respect to any Payment Date, the
excess, if any, of: (1) $[______] over (2) the Specified Reserve Account Balance. Notwithstanding, the foregoing, if on any Payment Date, the sum of the Target Credit Enhancement Overcollateralization Amount plus the Specified Reserve Account
Balance is greater than the Note Balance that is Outstanding (prior to making any principal payments on the Notes on such Payment Date), then the “Target Credit Enhancement Overcollateralization Amount” for that Payment Date will be
an amount, if any, equal to (a) the Note Balance that is outstanding (prior to making any principal payments on the Notes on such Payment Date) minus (b) the Specified Reserve Account Balance.] 

  
 Appendix A-29 

 “Target Overcollateralization Amount” means, for any
Payment Date, [ ]% of the Net Pool Balance as of the Cut-Off Date. 
 “Tax
Information” means information and/or properly completed and signed tax certifications sufficient to eliminate the imposition of or to determine the amount of any withholding of tax, including FATCA Withholding Tax. 

“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 Receivables Sale Agreement, the Sale Agreement, the Servicing Agreement, the Purchase Agreement, the Administration Agreement, the Asset Representations Review Agreement [, the Interest Rate
Swap Agreement] and the Trust Agreement, as the same may be amended or modified from time to time. 
 “Transferred
Assets” means (a) the Purchased Assets, (b) all of the Seller’s rights under the Purchase Agreement, (c) all of FTH LLC’s rights under the Receivables Sale Agreement and (d) all proceeds of the foregoing. 

“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, 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 Amended and Restated Trust Agreement, dated as of the Closing
Date, among the Seller, the Delaware Trustee 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 Receivables acquired by the Issuer under the Sale Agreement, the Related Security relating thereto and Collections thereon after the
Cut-Off Date, (ii) the Receivable Files, (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 Designated
Certificateholder Account, if any) established pursuant to the Indenture or Servicing Agreement and all cash, investment property and other property from time to time credited thereto and all proceeds thereof, (iv) the rights of the Seller, as
buyer, under the Purchase Agreement, (v) the rights of the Issuer under the Sale Agreement, (vi) the rights of FTH LLC under the Receivables Sale Agreement and (vii) 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. 
 “Underwriting Agreement” means the Underwriting Agreement,
dated as of [_________], 20[__], between [_________], on behalf of itself and as a representative of the several underwriters named therein, the Bank and the Seller. 

  
 Appendix A-30 

 “United States” or “USA” means the United States
of America (including all states, the District of Columbia and political subdivisions thereof). 
 “United States
Tax Person” means a United States person as defined in Section 7701(a)(30) of the Code. 
 [“Yield
Supplement Overcollateralization Amount” means, with respect to any Payment Date, the dollar amount set forth next to such Payment Date on Schedule X hereto.] 

“USA Patriot Act” has the meaning set forth in Section 12.8 of the Indenture. 

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. 

  
 Appendix A-31 

 SCHEDULE X 

YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT 
  

			
	 Payment Date
	  	 Yield Supplement

Overcollateralization Amount

		
	 Closing Date
	  	$
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
		 	X-1	 	Appendix A to the Sale and Servicing
		 		 	Agreement (20[__]-[__])

			
	 Payment Date
	  	 Yield Supplement

Overcollateralization Amount

		
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
		 	X-2	 	Appendix A to the
		 		 	Sale Agreement (20[__]-[__])EX-10.2

 EXHIBIT 10.2 
  

 
  

 
 FORM OF 

SERVICING AGREEMENT 
 by
and among 
 FIFTH THIRD AUTO TRUST 20[    ]-[        ], 

as Issuer 
 FIFTH THIRD BANK,

 as Servicer 
 and 

[                  
  ], 
 as Indenture Trustee 

Dated as of [                    ] 

 
  

 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I

DEFINITIONS AND USAGE
	  

 

			
	 SECTION 1.1
	 	 Definitions
	  	 	1	 
			
	 SECTION 1.2
	 	 Other Interpretive Provisions
	  	 	1	 
	
	ARTICLE II	  

	SERVICER AS CUSTODIAN	  

			
	 SECTION 2.1
	 	 Custody of Receivable Files
	  	 	2	 
	
	ARTICLE III	  

	ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY	  

			
	 SECTION 3.1
	 	 Duties of Servicer
	  	 	4	 
			
	 SECTION 3.2
	 	 Collection of Receivable Payments
	  	 	5	 
			
	 SECTION 3.3
	 	 Realization Upon Receivables
	  	 	6	 
			
	 SECTION 3.4
	 	 Maintenance of Security Interests in Financed Vehicles
	  	 	7	 
			
	 SECTION 3.5
	 	 Covenants of Servicer
	  	 	7	 
			
	 SECTION 3.6
	 	 Purchase of Receivables Upon Breach
	  	 	7	 
			
	 SECTION 3.7
	 	 Servicing Fee
	  	 	8	 
			
	 SECTION 3.8
	 	 Administrator’s Fee
	  	 	8	 
			
	 SECTION 3.9
	 	 Servicer’s Certificate
	  	 	8	 
			
	 SECTION 3.10
	 	 Annual Officer’s Certificate; Notice of Servicer Replacement Event
	  	 	8	 
			
	 SECTION 3.11
	 	 Annual Registered Public Accounting Firm Attestation Report
	  	 	9	 
			
	 SECTION 3.12
	 	 Servicer Expenses
	  	 	9	 
			
	 SECTION 3.13
	 	 Exchange Act Filings
	  	 	9	 
			
	 SECTION 3.14
	 	 Sarbanes-Oxley Act Requirements
	  	 	10	 
			
	 SECTION 3.15
	 	 Compliance with the FDIC Rule
	  	 	10	 
	
	ARTICLE IV	  

	 DISTRIBUTIONS; ACCOUNTS; STATEMENTS TO THE CERTIFICATEHOLDERS AND

THE NOTEHOLDERS
	  

 

			
	 SECTION 4.1
	 	 Establishment of Accounts
	  	 	10	 
			
	 SECTION 4.2
	 	 Remittances
	  	 	10	 
			
	 SECTION 4.3
	 	 Additional Deposits and Payments
	  	 	10	 
			
	 SECTION 4.4
	 	 [Reserved]
	  	 	11	 
			
	 SECTION 4.5
	 	 No Duty to Confirm
	  	 	11	 
			
	 SECTION 4.6
	 	 [Interest Rate Swap Agreement.]
	  	 	11	 

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	ARTICLE V	  

	THE SERVICER	  

			
	 SECTION 5.1
	 	 Representations of the Servicer
	  	 	13	 
			
	 SECTION 5.2
	 	 Indemnities of Servicer
	  	 	14	 
			
	 SECTION 5.3
	 	 Merger or Consolidation of, or Assumption of the Obligations of, Servicer
	  	 	15	 
			
	 SECTION 5.4
	 	 Limitation on Liability of Servicer and Others
	  	 	16	 
			
	 SECTION 5.5
	 	 Delegation of Duties
	  	 	16	 
			
	 SECTION 5.6
	 	 The Bank Not to Resign as Servicer
	  	 	16	 
			
	 SECTION 5.7
	 	 Servicer May Own Notes
	  	 	17	 
	
	ARTICLE VI	  

	REPLACEMENT OF SERVICER	  

			
	 SECTION 6.1
	 	 Replacement of Servicer
	  	 	17	 
			
	 SECTION 6.2
	 	 Notification to Noteholders and Certificateholders
	  	 	18	 
	
	ARTICLE VII	  

	OPTIONAL PURCHASE	  

			
	 SECTION 7.1
	 	 Optional Purchase of Trust Estate
	  	 	19	 
	
	ARTICLE VIII	  

	MISCELLANEOUS PROVISIONS	  

			
	 SECTION 8.1
	 	 Amendment
	  	 	19	 
			
	 SECTION 8.2
	 	 Protection of Title
	  	 	21	 
			
	 SECTION 8.3
	 	 Notices, Etc
	  	 	21	 
			
	 SECTION 8.4
	 	 Choice of Law
	  	 	22	 
			
	 SECTION 8.5
	 	 Headings
	  	 	22	 
			
	 SECTION 8.6
	 	 Counterparts
	  	 	22	 
			
	 SECTION 8.7
	 	 Waivers
	  	 	22	 
			
	 SECTION 8.8
	 	 Entire Agreement
	  	 	22	 
			
	 SECTION 8.9
	 	 Severability of Provisions
	  	 	22	 
			
	 SECTION 8.10
	 	 Binding Effect
	  	 	22	 
			
	 SECTION 8.11
	 	 Cumulative Remedies
	  	 	23	 
			
	 SECTION 8.12
	 	 Nonpetition Covenant
	  	 	23	 
			
	 SECTION 8.13
	 	 Submission to Jurisdiction; Waiver of Jury Trial
	  	 	23	 

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
			
	 SECTION 8.14
	 	 Limitation of Liability
	  	 	23	 
			
	 SECTION 8.15
	 	 Third-Party Beneficiaries
	  	 	24	 
			
	 SECTION 8.16
	 	 Information Requests
	  	 	24	 
			
	 SECTION 8.17
	 	 Regulation AB
	  	 	24	 
			
	 SECTION 8.18
	 	 Information to Be Provided by the Indenture Trustee
	  	 	25	 
			
	 SECTION 8.19
	 	 Form 8-K Filings
	  	 	26	 
			
	 SECTION 8.20
	 	 Cooperation
	  	 	26	 
			
	 SECTION 8.21
	 	 Not Applicable to the Bank in Other Capacities
	  	 	27	 
			
	 SECTION 8.22
	 	 USA Patriot Act and Other Applicable Law
	  	 	27	 

  

			
	 Exhibit A
	  	Servicing Criteria to be Addressed in Indenture Trustee’s Assessment of Compliance
	 Exhibit B
	  	Form of Indenture Trustee’s Annual Certification
		
	 Exhibit C
	  	Form of Indenture Trustee’s Annual Certification Regarding Item 1117 and Item 1119 of Regulation AB
	 Exhibit D
	  	Form of Servicer’s Certificate

  
 iii 

 This SERVICING AGREEMENT, dated as of
[                    ] (together with all exhibits, schedules and appendices hereto and as from time to time amended, supplemented or otherwise
modified and in effect, this “Agreement”), by and among FIFTH THIRD AUTO TRUST 20[    ]-[        ], a Delaware statutory trust (the “Issuer”), FIFTH THIRD
BANK, an Ohio banking corporation (the “Bank”), as servicer (in such capacity, the “Servicer”), and
[                    ], a [            ], as indenture trustee (the “Indenture
Trustee”). 
 WHEREAS, the Issuer has acquired a portfolio of motor vehicle receivables, including motor vehicle
retail installment sale contracts and/or installment loans that are secured by new and used automobiles, light-duty trucks and vans; and 

WHEREAS, the Bank is willing to service such motor vehicle receivables and related property on behalf of the Issuer; 

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows: 

ARTICLE I 
 DEFINITIONS AND USAGE

 SECTION 1.1 Definitions. Except as otherwise specified herein or as the context may otherwise require, capitalized
terms used but not otherwise defined herein are defined in Appendix A to the Sale Agreement, dated as of the date hereof, between Fifth Third Holdings Funding, LLC, as seller (the “Seller”), and the Issuer, which 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 (provided, that, to the extent that the definitions in this Agreement and GAAP conflict, the definitions in this Agreement shall control); (b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not
otherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular
provision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles, Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection,
clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (e) the term “including” (and all variations thereof) means “including
without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; (g) references to any
Person include that Person’s successors and assigns; and (h) headings are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision herein. 

  

					
		 		 	Servicing Agreement
		 		 	(20[    ]-[        ])

 ARTICLE II 

SERVICER AS CUSTODIAN 

SECTION 2.1 Custody of Receivable Files. 

(a)        Custody. To assure uniform quality in servicing the Receivables and
to reduce administrative costs, the Issuer, upon the execution and delivery of this Agreement, hereby revocably appoints the Servicer, and the Servicer hereby accepts such appointment, to act solely on behalf of and for the benefit of the Issuer and
the Indenture Trustee on behalf of the Noteholders as custodian of the following documents or instruments, which are hereby or will hereby be constructively delivered to the Servicer on behalf of and for the benefit of the Indenture Trustee, as
pledgee of the Issuer pursuant to the Indenture with respect to each Receivable (but only to the extent applicable to such Receivable and only to the extent held in tangible paper or electronic form) (the “Receivable Files”): 

 

	 	(i)	 the fully executed original, electronically authenticated original or authoritative copy of the Contract (in
each case within the meaning of the UCC) related to such Receivable, including any written amendments or extensions thereto; 

  

	 	(ii)	 the original credit application or a photocopy thereof to the extent held in paper form;

  

	 	(iii)	 the original Certificate of Title or, if not yet received, evidence that an application therefor has been
submitted with the appropriate authority, a guaranty of title from a Dealer or such other document (electronic or otherwise, as used in the applicable jurisdiction) that the Servicer keeps on file, in accordance with its Customary Servicing
Practices, evidencing the security interest of the Originator in the 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 hold Certificates of Title; and 

  

	 	(iv)	 any and all other documents that the Servicer keeps on file, in accordance with its Customary Servicing
Practices, relating to a Receivable, an Obligor or a Financed Vehicle (but only to the extent applicable to such Receivable and only to the extent held in tangible paper form or electronic form). 

The foregoing appointment of the Servicer is deemed to be made with due care. 

(b)        Safekeeping. The Servicer, in its capacity as custodian, shall hold
the Receivable Files for the benefit of the Issuer and the Indenture Trustee, as pledgee of the Issuer. In performing its duties as custodian, the Servicer shall act in accordance with its Customary Servicing Practices. The Servicer may, in
accordance with its Customary Servicing Practices: (i) maintain all or a portion of the Receivable Files in electronic form and (ii) maintain custody of all or any portion of the Receivable Files with one or more of its agents or
designees. The 

  

					
		 	2	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
Servicer will maintain control of all electronic chattel paper evidencing a Receivable. After the satisfaction and discharge of the Indenture, the Servicer shall act as custodian of the
Receivable Files for the benefit of the Issuer. 
 (c)        Maintenance of and
Access to Records. The Servicer will maintain each Receivable File in the United States (it being understood that the Receivable Files, or any part thereof, may be maintained at the offices of any Person to whom the Servicer has delegated
responsibilities in accordance with Section 5.5). The Servicer will make available to the Issuer and the Indenture Trustee or their duly authorized representatives, attorneys or auditors a list of locations of the
Receivable Files upon request. The Servicer will provide access to the Receivable Files, and the related accounts, records and computer systems maintained by the Servicer at such times as the Issuer or the Indenture Trustee direct, but only upon
reasonable notice and during the normal business hours, which do not unreasonably interfere with the Servicer’s normal operations, at the respective offices of the Servicer; provided, however, that in the case of this clause
(c), an officer of the Bank must be present during any such visit or discussion. 

(d)        Release of Documents. Upon written instructions from the Indenture
Trustee, the Servicer will release or cause to be released any document in the Receivable Files to the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s designee, as the case may be, at such place or places as the
Indenture Trustee may designate, as soon thereafter as is practicable, to the extent it does not unreasonably interfere with the Servicer’s normal operations. Any document so released will be handled by the Indenture Trustee with due care and
returned to the Servicer for safekeeping as soon as the Indenture Trustee or its agent or designee, as the case may be, has no further need therefor. The Servicer shall not be responsible for any loss occasioned by the failure of the Indenture
Trustee or its agent or designee to return any document or any delay in doing so. 

(e)        Instructions; Authority to Act. All instructions from the Indenture
Trustee will be in writing and signed by an Authorized Officer of the Indenture Trustee, and the Servicer will be deemed to have received proper instructions with respect to the Receivable Files upon its receipt of such written instructions. 

(f)        Custodian’s Indemnification. Subject to
Section 5.2, the Servicer as custodian will indemnify the Issuer and the Indenture Trustee for any and all liabilities, obligations, losses, compensatory damages, payments, costs or expenses (including reasonable
legal fees and expenses) of any kind whatsoever that may be imposed on, incurred by or asserted against the Issuer or the Indenture Trustee (including in connection with any action, claim or suit brought to enforce the Indenture Trustee’s right
to indemnification) as the result of any improper act or omission in any way relating to the maintenance and custody by the Servicer as custodian of the Receivable Files; provided, however, that the Servicer will not be liable to the
Indenture Trustee or to the Issuer for any portion of any such amount resulting from the willful misconduct, bad faith or negligence of the Indenture Trustee or the Issuer. 

(g)        Effective Period and Termination. The Servicer’s appointment as
custodian will be deemed effective as of the Cut-Off Date and will continue in full force and effect until terminated pursuant to this Section. If the Bank resigns as Servicer in accordance with the

  

					
		 	3	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
provisions of this Agreement or if all of the rights and obligations of the Servicer have been terminated under Section 6.1, the appointment of the Servicer as custodian
hereunder may be terminated by the Indenture Trustee (acting at the direction of the Noteholders), or by the Noteholders evidencing not less than a majority of the Outstanding Note Balance (or, if the Notes are no longer Outstanding, by the Majority
Certificateholders), in the same manner as the Relevant Trustee or such Noteholders (or Certificateholders) may terminate the rights and obligations of the Servicer under Section 6.1. As soon as practicable after any
termination of such appointment, the Servicer will deliver to the successor custodian the Receivable Files and the related accounts and records maintained by the Servicer at such place or places as the successor custodian may reasonably designate.
No such termination or resignation shall be given effect until a successor custodian has assumed the duties as custodian hereunder and in the Transaction Documents. 

ARTICLE III 
 ADMINISTRATION AND
SERVICING OF 
 RECEIVABLES AND TRUST PROPERTY 

SECTION 3.1 Duties of Servicer. 

(a)        The Servicer is hereby appointed by the Issuer and authorized to act as
agent for the Issuer and in such capacity shall manage, service, administer and make collections on the Receivables in accordance with its Customary Servicing Practices, subject to the provisions herein, using the degree of skill and attention that
the Servicer exercises with respect to all comparable motor vehicle receivables that it services for itself or others. The Servicer’s duties will include collection and posting of all payments, responding to inquiries of Obligors on such
Receivables, investigating delinquencies, sending invoices or payment coupons to Obligors, reporting any required tax information to Obligors, accounting for Collections and furnishing monthly and annual statements to the Indenture Trustee with
respect to distributions. The Servicer is not required under the Transaction Documents to make any disbursements via wire transfer or otherwise on behalf of an Obligor. The Servicer hereby accepts such appointment and authorization and agrees to
perform the duties of Servicer with respect to the Receivables set forth herein. 

(b)        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 will follow its Customary Servicing Practices and will have full power and authority 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 to execute and deliver,
on behalf of itself, the Issuer, the Owner Trustee, the Delaware Trustee, the Indenture Trustee, the Noteholders, the Certificateholder, or any of them, any and all instruments of satisfaction or cancellation, or partial or full release or
discharge, and all other comparable instruments, with respect to such Receivables or to the Financed Vehicles securing such Receivables. The Servicer is hereby authorized to commence, in its own name or in the name of the Issuer, a Proceeding to
enforce a Receivable or an Insurance Policy or to commence or participate in any other Proceeding (including a bankruptcy Proceeding) relating to or involving 

  

					
		 	4	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
a Receivable, an Obligor, a Financed Vehicle or an Insurance Policy. If the Servicer commences a Proceeding to enforce a Receivable, the Issuer will thereupon be deemed to have automatically
assigned such Receivable or its rights under such Insurance Policy to the Servicer solely for purposes of commencing or participating in any such Proceeding as a party or claimant, and the Servicer is authorized and empowered by the Issuer 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 Proceeding it is held that the Servicer may not
enforce a Receivable or Insurance Policy on the ground that it is not a real party in interest or a holder entitled to enforce the Receivable or Insurance Policy, the Issuer will, at the Servicer’s expense and direction, take steps to enforce
the Receivable or Insurance Policy, including bringing suit in its name or the name of the Indenture Trustee. The Issuer will furnish the Servicer with any powers of attorney and other documents reasonably necessary or appropriate to enable the
Servicer to carry out its servicing and administrative duties hereunder. The Servicer, at its expense, will obtain on behalf of the Issuer all licenses, if any, reasonably requested by the Seller to be held by the Issuer in connection with ownership
of the Receivables, and will make all filings and pay all fees as may be required in connection therewith during the term hereof. 

(c)        The Servicer hereby agrees that upon its resignation and the appointment of
a successor Servicer hereunder, the Servicer will terminate its activities as Servicer hereunder in accordance with Section 6.1, and, in any case, in a manner which the Indenture Trustee (acting at the direction of the
Noteholders) reasonably determines will facilitate the transition of the performance of such activities to such successor Servicer, and the Servicer shall cooperate with and assist such successor Servicer. 

(d)        The Servicer shall not be required to maintain a fidelity bond or error and
omissions policy or to monitor whether Obligors maintain an Insurance Policy on the Financed Vehicles. 
 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 3.5, the
Servicer may grant extensions, rebates, deferrals, amendments, modifications or adjustments 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 latest Final Scheduled Payment Date of any Notes issued under the Indenture or (ii) reduces the Contract Rate or Outstanding
Principal Balance with respect to any Receivable, in either case, other than as required by applicable law (including, without limitation, by the Servicemembers Civil Relief Act) or court order or in connection with a settlement in the event the
Receivable becomes a Defaulted Receivable, it will promptly purchase such Receivable in the manner provided in Section 3.6; provided, further, that the Servicer shall not make a modification described in the
preceding clause (i) or (ii) that would trigger a purchase pursuant to Section 3.6 for the sole purpose of purchasing 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. Subject to the proviso of the second sentence 

  

					
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of this Section 3.2, the Servicer and its Affiliates (each in its individual capacity and not on behalf of the Issuer) may engage in any marketing practice or promotion
or any sale of any products, goods or services to Obligors with respect to the Receivables so long as such practices, promotions or sales are offered to obligors of comparable motor vehicle receivables serviced by the Servicer for itself and others,
whether or not such practices, promotions or sales might result in a decrease in the aggregate amount of payments on the Receivables, prepayments or faster or slower timing of the payment of the Receivables. The Servicer and its Affiliates (each in
its individual capacity and not on behalf of the Issuer) may also sell insurance or debt cancellation products, including products which result in the cancellation of some or all of the amount of a Receivable upon the death or disability of the
Obligor or any casualty with respect to the Financed Vehicle. 
 (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)        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. 

SECTION 3.3 Realization Upon Receivables. On behalf of the Issuer, the Servicer will 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 will follow such Customary Servicing Practices as it deems necessary or advisable, which may include reasonable efforts to realize upon any recourse to any Dealer and selling the Financed Vehicle at a public or private
sale. The foregoing will be subject to the provision that, in any case in which the Financed Vehicle has suffered damage, the Servicer shall not be required to expend funds in connection with the repair or the repossession of such Financed Vehicle
unless it determines in its sole discretion that such repair and/or repossession will increase the Liquidation Proceeds by an amount greater than the amount of such expenses. In addition, 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) 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 (ii) 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 Receivable will constitute Liquidation Proceeds, and the sole right of the Issuer and the Indenture Trustee with respect to any such sold Receivables
will be to receive such Liquidation Proceeds. Upon such sale, the Servicer will mark its computer records indicating that any such receivable sold is no longer a Receivable. The Servicer is authorized to take any

  

					
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and all actions necessary or appropriate on behalf of the Issuer to evidence the sale of the Receivable free from any Lien or other interest of the Issuer or the Indenture Trustee. 

SECTION 3.4 Maintenance of Security Interests in Financed Vehicles. The Servicer will, in accordance with its Customary
Servicing Practices, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The provisions set forth in this Section are the sole requirements under the
Transaction Documents with respect to the maintenance of collateral or security for the Receivables. 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 for that Receivable and merely evidences such security interest. The Issuer hereby authorizes the Servicer to take such steps as are necessary to re-perfect such
security interest on behalf of the Issuer and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason. 

SECTION 3.5 Covenants of Servicer. Unless required by law or court order, the Servicer will not release the Financed
Vehicle securing each such Receivable from the security interest granted by such Receivable in whole or in part except (a) 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 not attempt to collect in accordance with its Customary Servicing Practices, (b) in connection with repossession or (c) as may be required by an insurer in order to receive proceeds from any Insurance Policy covering such
Financed Vehicle. 
 SECTION 3.6 Purchase of Receivables Upon Breach. Upon discovery by any party hereto (with
respect to the Indenture Trustee, upon receipt of written notice or actual knowledge by a Responsible Officer of the Indenture Trustee) of a breach of any of the covenants set forth in Section 3.2, 3.3, 3.4 or
3.5 with respect to any Receivable which materially and adversely affects the interests of the Issuer or the Noteholders, the party discovering, or receiving such notice or actual knowledge, as applicable, such breach shall give prompt
written notice thereof to the other parties hereto; provided, that delivery of a Servicer’s Certificate which identifies the Receivables that are being or have been purchased pursuant to this Section 3.6
shall be deemed to constitute prompt notice by the Servicer and the Issuer of such breach; provided, further, that the failure to give such notice shall not affect any obligation of the Servicer hereunder. Following a breach described
in the preceding sentence, the Servicer shall either (a) correct or cure such breach or (b) purchase such Receivable from the Issuer, in either case on or before the Payment Date following the end of the Collection Period which includes
the sixtieth (60th) day (or, if the Servicer elects, an earlier date) after the date that the Servicer became aware or was notified of such breach. Any such breach or failure will be deemed not to
have a material and adverse effect if such breach or failure does not affect the ability of the Issuer to receive and retain timely payment in full on such Receivable. Any such purchase by the Servicer shall be at a price equal to the Repurchase
Price. In consideration for such purchase, the Servicer shall make (or shall cause to be made) a payment to the Issuer equal to the Repurchase Price by depositing such amount into the Collection Account prior to 11:00 a.m., New York City time on the
date of such purchase, if such purchase date is not a Payment Date or, if such purchase date is a Payment Date, then prior to the close of business on the Business Day prior to such purchase date. Upon payment of such Repurchase Price by the
Servicer, the Issuer and the Indenture Trustee shall release and shall execute and deliver such instruments of release, transfer or 

  

					
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assignment, in each case without recourse or representation and as prepared by and at the expense of the Servicer, as shall be reasonably necessary to vest in the Servicer or its designee any
Receivable and the related Transferred Assets purchased pursuant hereto. It is understood and agreed that the obligation of the Servicer to purchase any Receivable as described above shall constitute the sole remedy respecting such breach available
to the Issuer[, the Swap Counterparty] and the Indenture Trustee. 
 SECTION 3.7 Servicing Fee. On each Payment Date,
the Issuer shall pay to the Servicer the Servicing Fee in accordance with Section 8.5 of the Indenture for the immediately preceding Collection Period as compensation for its services. In addition, the Servicer will be
entitled to retain all Supplemental Servicing Fees. The Servicer also will be entitled to receive investment earnings (net of investment losses and expenses) on funds deposited in the Collection Account and the Reserve Account during each Collection
Period. 
 SECTION 3.8 Administrator’s Fee. The Servicer shall pay the fees and expenses of the
Administrator described in Section 3 of the Administration Agreement. 
 SECTION 3.9
Servicer’s Certificate. On or before the Determination Date preceding each Payment Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, with a copy to each of the Rating Agencies [and to the Swap
Counterparty], a Servicer’s Certificate containing all information necessary to make the payments, transfers and distributions pursuant to Section 4.3 and Sections 8.2, 8.4 and 8.5 of the Indenture
on such Payment Date. At the sole option of the Servicer, each Servicer’s Certificate may be delivered in electronic or hard copy format. If the Servicer has reported that the Delinquency Percentage has met or exceeded the Delinquency Trigger
for the related Collection Period, the Servicer shall also provide notice of such event to Fifth Third Bank, the Indenture Trustee and the Depositor. 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. 

SECTION 3.10 Annual Officer’s Certificate; Notice of Servicer Replacement Event. 

(a)        So long as the Seller 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, on or before March 30 of each calendar year, beginning on March 30, [        ], 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 promptly after having obtained knowledge thereof written notice in an Officer’s Certificate of any event which with the giving of notice or lapse of time, or both, would become a Servicer Replacement Event. Except to the extent set
forth in this Section 3.10(b), Section 6.2 and Section 8.20 of this Agreement and Section 3.12 and Section 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. 

  

					
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 (c)        So long as the Seller 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, [        ], 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 and Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. 

SECTION 3.11 Annual Registered Public Accounting Firm Attestation Report. 

(a)        So long as the Seller is filing any reports with respect to the Issuer
under the Exchange Act, on or before the ninetieth (90th) day following the end of each fiscal year, beginning with the fiscal year ending December 31,
[        ], the Servicer shall cause a firm of independent registered public accountants (who may also render other services to the Servicer, the Seller or their respective Affiliates) to furnish to the
Issuer, with a copy to the Indenture Trustee, the Bank, the Servicer and the Seller 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. 

(b)        Notwithstanding Section 3.11(a), the Servicer,
however, shall not be obligated to add as an addressee or reliance party with respect to any report described above any Person who does not comply with or agree to the required procedures of such firm of independent certified public accountants,
including but not limited to execution of engagement letters or access letters regarding such reports. 
 SECTION 3.12
Servicer Expenses. The Servicer shall pay all expenses (other than Liquidation Expenses) incurred by it in connection with its activities hereunder, including fees and disbursements of independent accountants, taxes imposed on the Servicer
and expenses incurred in connection with distributions and reports to the Noteholders and the Certificateholder. The Servicer shall also pay all fees, expenses and indemnities of the Indenture Trustee (as described in, and pursuant to the
limitations set forth in, Section 6.7 of the Indenture), the Asset Representations Reviewer (as described in, and pursuant to the limitations set forth in, Section 4.3 of the Asset Representations
Review Agreement), the Administrator (as described in, and pursuant to the limitations set forth in, Section 3 of the Administration Agreement), the Owner Trustee and the Delaware Trustee (each as described in, and pursuant
to the limitations set forth in, Sections 8.1 and 8.2 of the Trust Agreement). 
 SECTION 3.13 Exchange Act
Filings. The Issuer hereby authorizes the Servicer and the Seller, 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. 

  

					
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 SECTION 3.14 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 or the Notes pursuant to the Sarbanes-Oxley Act, the Issuer hereby authorizes the Servicer to prepare, sign, certify and file any such
documents or certifications on behalf of the Issuer. 
 SECTION 3.15 Compliance with the FDIC Rule. The Servicer
(i) shall perform the covenants set forth in Article XII of the Indenture applicable to it and (ii) shall facilitate compliance with Article XII of the Indenture by the Fifth Third Parties. 

ARTICLE IV 
 DISTRIBUTIONS;
ACCOUNTS; 
 STATEMENTS TO THE CERTIFICATEHOLDERS 

AND THE NOTEHOLDERS 

SECTION 4.1 Establishment of Accounts. 

(a)        The Servicer shall cause to be established the Trust Accounts and, if
applicable, the Certificate Distribution Account in the manner set forth in Section 8.2(a) of the Indenture. If the Certificate Distribution Account, if applicable, ceases to be an Eligible Account, the Servicer, on behalf
of the Owner Trustee, shall comply with Section 5.6 of the Trust Agreement if such Certificate Distribution Account is not then held by the Owner Trustee or an Affiliate thereof. If any Trust Account ceases to be an
Eligible Account, the Servicer shall comply with Section 8.3(b) of the Indenture. 

(b)        The Servicer may, but shall not be obligated to, select Permitted
Investments with respect to funds on deposit in the Collection Account and the Reserve Account in accordance with Section 8.3 of the Indenture. 

SECTION 4.2 Remittances. [The Servicer shall deposit an amount equal to all Collections into the Collection Account
within the time after its receipt thereof, not to exceed two (2) 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.] 
 SECTION 4.3 Additional Deposits and Payments.
(a) On the date specified in Section 3.6 of this Agreement, the Servicer will deposit into the Collection Account the aggregate Repurchase Price with respect to Repurchased Receivables purchased by the Servicer
pursuant to Section 3.6 on such date and the Servicer will deposit into the Collection Account all amounts, if any, to be paid under Section 7.1 in connection with the Optional Purchase. All such
deposits with respect to any such date which is a Payment Date will be made, in immediately available funds by the close of business on the Business Day prior to such Payment Date related to such Collection Period. 

(b)        [On each Payment Date, the Servicer shall deposit into the Collection
Account prior to 11:00 a.m., New York City time, an advance in an amount equal to the lesser of (a) any shortfall in the amounts available to make the payments in [clauses first through seventh] of
Section 4.4(a) and (b) the aggregate scheduled monthly payments due on Receivables but not 

  

					
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received during and prior to the related Collection Period (an “Advance”); provided, however, that the Servicer will not be obligated to make an Advance if the
Servicer reasonably determines in its sole discretion that such Advance is not likely to be repaid from future cash flows from the Receivables. No Advances will be made with respect to Defaulted Receivables.] 

(c)    [The Indenture Trustee will promptly, on the day of receipt, deposit into the Collection Account
all Net Swap Receipts received by it under the Interest Rate Swap Agreement in immediately available funds.] 
 SECTION 4.4
[Reserved] 
 SECTION 4.5 No Duty to Confirm. The Indenture Trustee, the Delaware Trustee and the Owner
Trustee shall have no duty or obligation to verify or confirm the accuracy of any of the information or numbers set forth in the Servicer’s Certificate delivered by the Servicer to the Indenture Trustee, the Delaware Trustee and the Owner
Trustee, and the Indenture Trustee, the Delaware Trustee and the Owner Trustee shall be fully protected in relying upon such Servicer’s Certificate with no liability therefor. Delivery of the Servicer’s Certificate to the Indenture
Trustee, the Delaware Trustee and the Owner Trustee is for informational purposes only and the Indenture Trustee’s, the Delaware Trustee’s and the Owner Trustee’s receipt of such shall not constitute actual or constructive notice of
any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which the Indenture Trustee, the Delaware Trustee and the Owner Trustee are
entitled to rely exclusively on Officer’s Certificates). 
 SECTION 4.6 [Interest Rate Swap Agreement.] 

(a)    [The Issuer shall enter into the Initial Interest Rate Swap Agreement with the Initial Swap
Counterparty. Subject to the requirements of this Section 4.8, the Issuer may from time to time enter into one or more Replacement Interest Rate Swap Agreements in the event that the Initial Interest Rate Swap Agreement is
terminated due to any “Termination Event” or “Event of Default” (each as defined in the Initial Interest Rate Swap Agreement) prior to its scheduled expiration and in accordance with the terms of such Interest Rate Swap
Agreement. Other than any Replacement Interest Rate Swap Agreement entered into pursuant to this Section 4.7(a), the Issuer may not enter into any additional interest rate swap agreements.] 

(b)    [In the event of any early termination of any Interest Rate Swap Agreement, (i) upon written
direction and notification of such early termination, the Indenture Trustee shall establish the Swap Termination Payment Account over which the Indenture Trustee shall have exclusive control and the sole right of withdrawal[, and in which no Person
other than the Indenture Trustee, the Swap Counterparty[, the Issuer] and the Noteholders shall have any legal or beneficial interest], (ii) any Swap Termination Payments received from the Swap Counterparty will be remitted to the Swap Termination
Payment Account and (iii) any Swap Replacement Proceeds received from a Replacement Swap Counterparty will be remitted directly to the Swap Counterparty; provided, that any such remittance to the Swap Counterparty shall not exceed the
amounts, if any, owed to the Swap Counterparty under the Interest Rate Swap Agreement; provided, further that the Swap Counterparty shall only receive Swap Replacement Proceeds if all Swap Termination Payments due from the Swap
Counterparty to the Issuer have 

  

					
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been paid in full and if such amounts have not been paid in full then the amount of Swap Replacement Proceeds necessary to make up any deficiency shall be remitted to the Swap Termination Payment
Account.] 
 (c)    [The Issuer shall promptly, following the early termination of any Initial Interest
Rate Swap Agreement due to an “Event of Default” or “Termination Event” (each as defined in the Initial Interest Rate Swap Agreement) and in accordance with the terms of such Interest Rate Swap Agreement, enter into a Replacement
Interest Rate Swap Agreement to the extent possible and practicable through application of funds available in the Swap Termination Payment Account unless entering into such Replacement Interest Rate Swap Agreement will cause the Rating Agency
Condition not to be satisfied.] 
 (d)    [To the extent that (i) the funds available in the Swap
Termination Payment Account exceed the costs of entering into a Replacement Interest Rate Swap Agreement or (ii) the Issuer determines not to replace the Initial Interest Rate Swap Agreement and the Rating Agency Condition is met with respect
to such determination, the amounts in the Swap Termination Payment Account (other than funds used to pay the costs of entering into a Replacement Interest Rate Swap Agreement, if applicable) shall be included in Available Funds and allocated in
accordance with the order of priority specified in Section 4.4(a) on the following Payment Date. In any other situation, amounts on deposit in the Swap Termination Payment Account at any time shall be invested pursuant to
Section 4.1(b) and on each Payment Date after the creation of a Swap Termination Payment Account, the funds therein shall be used to cover any shortfalls in the amounts payable under clauses [first
through seventh] under Section 4.4(a), provided, that in no event will the amount withdrawn from the Swap Termination Payment Account on such Payment Date exceed the amount of Net Swap Receipts that
would have been required to be paid on such Payment Date under the terminated Interest Rate Swap Transaction had there been no termination of such transaction. Any amounts remaining in the Swap Termination Payment Account after payment in full of
the Class B Notes shall be included in Available Funds and allocated in accordance with the order of priority specified in Section 4.4(a) on the following Payment Date.] 

(e)    [If the Swap Counterparty is required to post collateral under the terms of the Interest Rate Swap
Agreement, upon written direction and notification of such requirement, the Indenture Trustee shall establish the Swap Collateral Account (the “Swap Collateral Account”) over which the Indenture Trustee shall have exclusive control
and the sole right of withdrawal, and in which no Person other than the Indenture Trustee, the Swap Counterparty and the Noteholders shall have any legal or beneficial interest. The Indenture Trustee shall deposit all collateral received from the
Swap Counterparty under the Interest Rate Swap Agreement into the Swap Collateral Account. Any and all funds at any time on deposit in, or otherwise to the credit of, the Swap Collateral Account shall be held in trust by the Indenture Trustee for
the benefit of the Swap Counterparty and the Noteholders. The only permitted withdrawal from or application of funds on deposit in, or otherwise to the credit of, the Swap Collateral Account shall be (i) for application to obligations of the
Swap Counterparty to the Issuer under the Interest Rate Swap Agreement in accordance with the terms of the Interest Rate Swap Agreement or (ii) to return collateral to the Swap Counterparty when and as required by the Interest Rate Swap
Agreement.] 

  

					
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 (f)    [If at any time the Interest Rate Swap Agreement
becomes subject to early termination due to the occurrence of an “Event of Default” or “Termination Event” (as defined in the Interest Rate Swap Agreement), the Issuer and the Indenture Trustee shall use reasonable efforts
(following the expiration of any applicable grace period) to enforce the rights of the Issuer thereunder as may be permitted by the terms of the Interest Rate Swap Agreement and consistent with the terms hereof. To the extent not fully paid from
Swap Replacement Proceeds, any Swap Termination Payment owed by the Issuer to the Swap Counterparty under the Interest Rate Swap Agreement shall be payable to the Swap Counterparty in installments made on each following Payment Date until paid in
full in accordance with the order of priority specified in Section 4.4(a). To the extent that the Swap Replacement Proceeds exceed any such Swap Termination Payments (or if there are no Swap Termination Payments due to the
Swap Counterparty), the Swap Replacement Proceeds in excess of such Swap Termination Payments, if any, shall be included in Available Funds and allocated and applied in accordance with the order of priority specified in
Section 4.4(a) on the following Payment Date.] 
 ARTICLE V 

THE SERVICER 

SECTION 5.1 Representations of the Servicer. The Servicer makes the following representations and warranties as of the
Closing Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties speak as of the execution and delivery of this Agreement and will survive the conveyance of the Transferred Assets
to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture: 

(a)    Existence and Power. The Servicer is a banking corporation validly existing and in good
standing under the laws of its state of organization and has, in all material respects, all power and authority to carry on its business as it is now conducted. The Servicer has obtained all necessary licenses and approvals in each jurisdiction
where the failure to do so would reasonably be expected to materially and adversely affect the ability of the Servicer to perform its obligations under the Transaction Documents or affect the enforceability or collectability of the Receivables or
any other part of the Transferred Assets. 
 (b)    Authorization and No Contravention. The
execution, delivery and performance by the Servicer of the Transaction Documents to which it is a party (i) have been duly authorized by all necessary action on the part of the Servicer and (ii) do not contravene or constitute a default
under (A) any applicable law, rule or regulation, (B) its organizational documents or (C) any material agreement, contract, order or other instrument to which it is a party or its property is subject (other than, in the case of
clauses (A), (B) and (C), violations which do not affect the legality, validity or enforceability of any of such agreements and which, individually or in the aggregate, would not materially and adversely affect the transactions contemplated by, or
the Servicer’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 Servicer of any Transaction Document other than (i) UCC filings, (ii) approvals and 

  

					
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authorizations that have previously been obtained and filings that have previously been made and (iii) approvals, authorizations or filings which, if not obtained or made, would not have a
material adverse effect on the enforceability or collectability of the Receivables or 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 corporations from time to time in effect or by general principles of equity. 

(e)    No Proceedings. There are no Proceedings pending or, to the knowledge of the 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 the collectability or enforceability of the Receivables or (iv) relate 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 will be liable in accordance herewith only to the extent of the obligations specifically undertaken by the Servicer under this Agreement, and hereby agrees to the following: 

(a)    The Servicer will defend, indemnify and hold harmless the Issuer, the Owner Trustee, the Delaware
Trustee, the Indenture Trustee and the Seller and their respective directors, officers, employees and agents from and against any and all costs, fees, expenses, losses, damages, claims, obligations, payments and liabilities, arising out of or
resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of a Financed Vehicle, including, but not limited to, the costs of defending any claim or bringing any claim to enforce their rights, including the
Servicer’s indemnification obligations hereunder. 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 will indemnify, defend and hold harmless the Issuer, the Owner Trustee, the Delaware
Trustee and the Indenture Trustee and their respective directors, officers, employees and agents from and against any taxes that may at any time be asserted against any such Person with respect to the transactions contemplated herein or in the other
Transaction Documents, if any, including, without limitation, any sales, gross receipts, general corporation, tangible personal property, privilege, or license taxes (but, in the case of the Issuer, not including any taxes asserted with respect to,
and as of the date of, the conveyance of the Receivables to the Issuer or the issuance and original sales of the Notes, or asserted with respect to ownership of the Receivables, or federal or other Applicable Tax State income taxes arising out of
the transactions 

  

					
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contemplated by this Agreement and the other Transaction Documents) and costs and expenses in defending against the same or of defending any claim or bringing any claim to enforce their rights,
including the Servicer’s indemnification obligations hereunder. For the avoidance of doubt, the Servicer will not indemnify for any costs, fees, expenses, losses, claims, damages, obligations, payments or liabilities due to the credit risk of
the Obligor and for which reimbursement would constitute recourse for uncollectible Receivables. 

(c)    The Servicer will indemnify, defend and hold harmless the Issuer, the Owner Trustee, the Indenture
Trustee, the Delaware Trustee and the Seller and their respective directors, officers, employees and agents from and against any and all costs, fees, expenses, losses, claims, damages, obligations, payments and liabilities to the extent that such
cost, fee, expense, loss, claim, damage, obligation, payment or liability arose out of, or was imposed upon any such Person through, the negligence, willful misfeasance, or bad faith (other than errors in judgment) of the Servicer in the performance
of its duties under this Agreement or any other Transaction Document to which it is a party, or by reason of its failure to perform its obligations or of reckless disregard of its obligations and duties under this Agreement or any other Transaction
Document to which it is a party or of defending any claim or bringing any claim to enforce their rights, including the Servicer’s indemnification obligations hereunder; provided, however, that the Servicer will not indemnify for
any costs, fees, expenses, losses, claims, damages, obligations, payments or liabilities arising from its breach of any covenant for which the repurchase of the affected Receivables is specified as the sole remedy pursuant to
Section 3.6. 
 (d)    The Servicer will compensate and indemnify the Owner
Trustee and the Delaware Trustee to the extent and subject to the conditions set forth in Sections 8.1 and 8.2 of the Trust Agreement. 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. 

(e)    Indemnification under this Section 5.2 by the Bank (or any successor
thereto pursuant to Section 6.1) as Servicer, with respect to the period such Person was the Servicer, will survive the termination of such Person as Servicer or a resignation by such Person as Servicer as well as the
termination of this Agreement and the Trust Agreement or the resignation or removal of the Owner Trustee or the Indenture Trustee and will include reasonable fees and expenses of counsel and expenses of litigation. If the Servicer has made any
indemnity payments pursuant to this Section 5.2 and the Person to or on behalf of whom such payments are made thereafter collects any of such amounts from others, such Person will promptly repay such amounts to the
Servicer, without interest. 
 SECTION 5.3 Merger or Consolidation of, or Assumption of the Obligations of, Servicer.
Any Person (i) into which the Servicer may be merged or converted or with which it may be consolidated, to which it may sell or transfer its business and assets as a whole or substantially as a whole, (ii) resulting from any merger, sale,
transfer, conversion or consolidation to which the Servicer shall be a party, (iii) succeeding to the business of the Servicer or (iv) more than 50% of the voting stock or voting power and 50% or more of the economic equity of which is
owned directly or indirectly by Fifth Third Bancorp, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Servicer under this Agreement, will be the successor to the Servicer under this
Agreement without the execution or filing of any document or any further act on the part of any of the 

  

					
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parties to this Agreement anything herein to the contrary notwithstanding. The Servicer shall provide prior notice of the effective date of any merger, conversion, consolidation or succession
pursuant to this Section 5.3 to the Issuer, the Indenture Trustee, the Owner Trustee, the Delaware Trustee and the Seller. The Servicer shall provide the Seller in writing such information as reasonably requested by the
Seller to comply with its Exchange Act reporting obligations with respect to a successor Servicer. 
 SECTION 5.4
Limitation on Liability of Servicer and Others. 
 (a)    Neither the Servicer nor any of the
directors or officers or employees or agents of the Servicer will be under any liability to the Issuer, the Indenture Trustee, the Owner Trustee, the Delaware Trustee, the Noteholders[, the Swap Counterparty] or the Certificateholders, except as
provided in Section 5.2 of this Agreement and as otherwise provided under this Agreement, for any action taken or for refraining from the taking of any action pursuant to this Agreement or for errors in judgment;
provided, however, that this provision will not protect the Servicer or any such Person against any liability that would otherwise be imposed by reason of willful misfeasance or bad faith in the performance of duties or by reason of
its failure to perform its obligations or of reckless disregard of obligations and duties under this Agreement, or by reason of negligence in the performance of its duties under this Agreement (except for errors in judgment). The Servicer and any
director, officer or employee or agent of the Servicer may rely in good faith on any Opinion of Counsel or on any Officer’s Certificate of the Seller or certificate of auditors believed to be genuine and to have been signed by the proper party
in respect of any matters arising under this Agreement. 
 (b)    Except as provided in this Agreement,
the Servicer will not be under any obligation to appear in, prosecute, or defend any legal action that is not incidental to its duties to service 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 may undertake any reasonable action that it may deem necessary or desirable in respect of this Agreement and the rights and duties of the parties to this Agreement and the
interests of the Noteholders and the Certificateholder under this Agreement. In such event, the legal expenses and costs of such action and any liability resulting therefrom will be expenses, costs and liabilities of the [Servicer]. 

SECTION 5.5 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 business of performing such duties; provided, that no such delegation shall relieve the Servicer of its responsibility with respect to such duties and the Servicer shall
remain obligated and liable to the Issuer and the Indenture Trustee for its duties hereunder as if the Servicer alone were performing such duties. 

SECTION 5.6 The Bank Not to Resign as Servicer. Subject to the provisions of Sections 5.3 and
5.5, the Bank will not resign from the obligations and duties hereby imposed on it as Servicer under this Agreement except upon determination that the performance of its duties under this Agreement is no longer permissible under applicable
law. Notice of any such determination permitting the resignation of the Bank will be communicated to the Issuer and the 

  

					
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		 		 	(20[    ]-[        ])

 
Indenture Trustee, the Delaware Trustee and Owner Trustee at the earliest practicable time (and, if such communication is not in writing, will be confirmed in writing at the earliest practicable
time) and any such determination will be evidenced by an Opinion of Counsel to such effect delivered to the Issuer, the Delaware Trustee, the Indenture Trustee and Owner Trustee concurrently with or promptly after such notice. No such resignation
will become effective until a successor Servicer has (i) assumed the responsibilities and obligations of the Bank as Servicer and (ii) provided in writing the information reasonably requested by the Seller to comply with its reporting
obligations under the Exchange Act with respect to a replacement Servicer. 
 SECTION 5.7 Servicer May Own Notes. The
Servicer, and any Affiliate of the Servicer, may, in its individual or any other capacity, become the owner or pledgee of Notes 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 so owned by or pledged to the Servicer or such Affiliate will have an equal and proportionate benefit under the provisions
of this Agreement, without preference, priority or distinction as among all of the Notes. Unless all Notes are owned by the Issuer, the Seller, the Servicer, the Administrator or any of their respective Affiliates, any Notes owned by the Issuer, the
Seller, the Servicer, the Administrator or any of their respective Affiliates shall be disregarded with respect to the determination of any request, demand, authorization, direction, notice, consent, vote or waiver hereunder or under any other
Transaction Document. 
 ARTICLE VI 

REPLACEMENT OF SERVICER 

SECTION 6.1 Replacement of Servicer. 

(a)    If a Servicer Replacement Event shall have occurred and be continuing, the Relevant Trustee shall,
at the direction of 662⁄3% of the Outstanding Note Balance (or, if no Notes are Outstanding, the Majority Certificateholders), by notice given to the Servicer, the
Owner Trustee, the Delaware Trustee, the Issuer, the Administrator, [the Swap Counterparty,] the Certificateholders and the Noteholders, terminate the rights and obligations of the Servicer under this Agreement with respect to the Receivables. In
the event the Servicer is removed or resigns as Servicer with respect to servicing the Receivables, the Relevant Trustee, acting at the direction of 662⁄3% of the
Outstanding Note Balance (or, if no Notes are Outstanding, the Majority Certificateholders), shall appoint a successor Servicer. Upon the Servicer’s receipt of notice of termination the predecessor Servicer will continue to perform its
functions as Servicer under this Agreement only until the date specified in such termination notice or, if no such date is specified in such termination notice, until receipt of such notice. If a successor Servicer has not been appointed at the time
when the predecessor Servicer ceases to act as Servicer in accordance with this Section, the Indenture Trustee without further action will automatically be appointed the successor Servicer. Notwithstanding the above, the Indenture Trustee, if it is
legally unable or is unwilling to so act, will appoint, or petition a court of competent jurisdiction to appoint a successor Servicer. Any successor Servicer shall be an established institution having a net worth of not less than $100,000,000 and
whose regular business includes the 

  

					
		 	17	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
servicing of comparable motor vehicle receivables having an aggregate outstanding principal amount of not less than $50,000,000. 

(b)    Noteholders holding not less than a majority of the Outstanding Note Balance (or, if no Notes are
Outstanding, the Majority Certificateholders) may waive any Servicer Replacement Event. Upon any such waiver, such Servicer Replacement Event shall cease to exist and be deemed to have been cured and not to have occurred and any Servicer Replacement
Event arising therefrom shall be deemed not to have occurred for every purpose of this Agreement, but no such waiver shall extend to any prior, subsequent or other Servicer Replacement Event or impair any right consequent thereto. 

(c)    If replaced, the Servicer agrees that it will use commercially reasonable efforts to effect the
orderly and efficient transfer of the servicing of the Receivables to a successor Servicer. All reasonable costs and expenses incurred in connection with transferring the Receivable Files to the successor Servicer and all other reasonable costs and
expenses incurred in connection with the transfer to the successor Servicer related to the performance by the Servicer hereunder will be paid by the predecessor Servicer upon presentation of reasonable documentation of such costs and expenses. 

(d)    Upon the effectiveness of the assumption by the successor Servicer of its duties pursuant to this
Section 6.1, the successor Servicer shall be the successor in all respects to the Servicer in its capacity as Servicer under this Agreement with respect to the Receivables, and shall be subject to all the responsibilities,
duties and liabilities relating thereto, except with respect to the obligations of the predecessor Servicer that survive its termination as Servicer, including indemnification obligations as set forth in Section 5.2(e). In
such event, the Indenture Trustee and the Owner Trustee are hereby authorized and empowered to execute and deliver, on behalf of 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 termination and replacement of the Servicer, whether to complete the transfer and endorsement of the Receivables and related documents, or otherwise; provided, however, that the Indenture Trustee shall have no
liability or obligation to act unless directed to do so pursuant to written direction from the Noteholders. No Servicer shall resign or be relieved of its duties under this Agreement, as Servicer of the Receivables, until a newly appointed Servicer
for the Receivables shall have assumed the responsibilities and obligations of the resigning or terminated Servicer under this Agreement. 

(e)    In connection with such appointment, the Issuer may make such arrangements for the compensation of
the successor Servicer out of Available Funds as it and such successor Servicer will agree; provided, however, that no such compensation will be in excess of the amount paid to the predecessor Servicer under this Agreement. 

SECTION 6.2 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 will give prompt (but in any event, no later than five (5) Business Days) written notice thereof to the Owner Trustee, the Delaware Trustee, the Issuer and the
Administrator and to the Noteholders and Certificateholders at their respective addresses of record. 

  

					
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 ARTICLE VII 

OPTIONAL PURCHASE 

SECTION 7.1 Optional Purchase of Trust Estate. The Servicer shall have the right at its option (the “Optional
Purchase”) to purchase (and/or to designate one or more other Persons to purchase) the Trust Estate (other than the Reserve Account) from the Issuer on any Payment Date if both of the following conditions are satisfied: (a) as of the
last day of the related Collection Period, the Net Pool Balance has declined to 10% or less of the Net Pool Balance as of the Cut-Off Date and (b) the sum of the Optional Purchase Price and Available
Funds for such Payment Date would be sufficient to pay [(x) the amounts required to be paid under [clauses first through eighth] of Section 8.5(a) of the Indenture (assuming that such Payment Date is not a Redemption Date)
and (y) the Outstanding Note Balance (after giving effect to the payments described in the preceding clause (x))]. The purchase price for the Trust Estate (other than the Reserve Account) (the “Optional Purchase Price”) shall equal
the Net Pool Balance plus accrued and unpaid interest on the Receivables, which amount shall be deposited by the Servicer (or its designee) into the Collection Account on the Redemption Date. If the Servicer, exercises the Optional Purchase, the
Notes shall be redeemed and in each case in whole but not in part on the related Payment Date for the Redemption Price. 
 ARTICLE VIII 

MISCELLANEOUS PROVISIONS 

SECTION 8.1 Amendment. 

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

 

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

  

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

 [provided,
that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty or the Issuer under the Interest Rate Swap Agreement unless the Swap Counterparty shall have consented in writing to such amendment (and
such consent shall be deemed to have been given if the Swap Counterparty does not object in writing within ten (10) Business Days after receipt of a written request for such consent)]. 

(b)       This Agreement may also be amended from time to time by the Servicer, with the consent
of the Holders of Notes evidencing not less than a majority of the Outstanding Note Balance for the purpose of adding any provisions to or changing in any manner or eliminating 

  

					
		 	19	 	Servicing Agreement
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any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders or the Certificateholders. It will not be necessary for the Noteholders to approve the
particular form of any proposed amendment or consent, but it will be sufficient if the Noteholders approve the substance thereof. The manner of obtaining such consents (and any other consents of Noteholders provided for in this Agreement) and of
evidencing the authorization of the execution thereof by Noteholders will be subject to such reasonable requirements as the Indenture Trustee may prescribe, including the establishment of record dates pursuant to the Note Depository Agreement. 

(c)    Prior to the execution of any amendment pursuant to this Section 8.1, the
Servicer shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment, the Servicer shall furnish a copy of such amendment to each Rating Agency, the Issuer, the
Owner Trustee, the Delaware Trustee and the Indenture Trustee; provided, that no amendment pursuant to this Section 8.1 shall be effective which materially and adversely affects the rights, protections or duties of
the Indenture Trustee, the Delaware Trustee or the Owner Trustee without the prior written consent of such Person. 

(d)    Prior to the execution of any amendment to this Agreement, the Owner Trustee, the Delaware Trustee
and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and an Officer’s Certificate of the Depositor or
the Administrator that all conditions precedent to the execution and delivery of such amendment have been satisfied. The Indenture Trustee, the Owner Trustee and the Delaware Trustee may, but shall not be obligated to, enter into any such amendment
which materially and adversely affects the Indenture Trustee’s, the Owner Trustee’s or the Delaware Trustee’s, as applicable, own rights, privileges, indemnities, duties or obligations under this Agreement, the Transaction Documents
or otherwise. 
 (e)    Notwithstanding subsections (a) or (b) of this
Section 8.1, this Agreement may only be amended by the Servicer if (i) the Majority Certificateholders 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, the Delaware Trustee and the Owner Trustee, materially and adversely affect the interests of the Certificateholders. It will not be necessary for the consent of
Certificateholders 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 Certificateholders
provided for in this Agreement) and of evidencing the authorization of the execution thereof by Certificateholders will be subject to such reasonable requirements as the Owner Trustee may prescribe. 

SECTION 8.2 Protection of Title. 

(a)    The Servicer shall maintain (or shall cause its
Sub-Servicer to maintain) in accordance with its Customary Servicing Practices accounts and records as to each Receivable accurately and in sufficient detail to permit (i) the reader thereof to know at
any time the status of such Receivable, including payments and recoveries made and payments owing (and the nature 

  

					
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		 		 	(20[    ]-[        ])

 
of each) and (ii) reconciliation between payments or recoveries on (or with respect to) each Receivable and the amounts from time to time deposited in the Collection Account in respect of
such Receivable. 
 (b)        The Servicer shall maintain (or shall cause its Sub-Servicer to maintain) its computer systems so that, from time to time after the conveyance under this Agreement of the Receivables, the master computer records (including any backup archives) that refer to a
Receivable shall indicate clearly the interest of the Issuer in such Receivable and that such Receivable is owned by the Issuer and has been pledged to the Indenture Trustee pursuant to the Indenture. Indication of the Issuer’s interest in a
Receivable shall not be deleted from or modified on such computer systems until, and only until, the related Receivable shall have been paid in full, repurchased by the Seller pursuant to Section 3.8 of the Sale Agreement,
repurchased by FTH LLC pursuant to Section 3.3 of the Purchase Agreement, purchased by the Servicer in accordance with Section 3.6 hereof or repurchased by the Bank pursuant to
Section 3.3 of the Receivables Sale Agreement. 

(c)        If at any time the Servicer 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 Servicer 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, shall indicate clearly that such Receivable has been sold and is owned by the Issuer and has been pledged to the Indenture
Trustee. 
 (d)        The Servicer, upon receipt of reasonable prior notice, shall
permit the Indenture Trustee, the Owner Trustee, the Delaware Trustee and their respective agents at any time during normal business hours, to the extent it does not unreasonably interfere with the Servicer’s normal operations, to inspect,
audit and, to the extent permitted by applicable law, make copies of and abstracts from Servicer’s (or any Sub-Servicer’s) records regarding any Receivable. 

(e)        Upon request, the Servicer shall furnish to the Issuer, the Delaware
Trustee or the Indenture Trustee, within thirty (30) Business Days, a list of all Receivables (by contract number and name of Obligor) then owned by the Issuer, together with a reconciliation of such list to each of the Servicer’s
Certificates furnished before such request indicating removal of Receivables from the Issuer. 
 SECTION 8.3 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 email (if an applicable facsimile number or email address is provided on Schedule I to the Sale Agreement), and addressed in each case as specified on Schedule I to the Sale Agreement or at
such other address as shall be designated by any of the specified addressees in a written notice to the other parties hereto. 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; provided, however, that any notice to a Noteholder mailed within the time prescribed 

  

					
		 	21	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 

SECTION 8.4 Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL,
SUBSTANTIVE LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO THE RULES THEREOF RELATING TO CONFLICTS OF LAW, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

SECTION 8.5 Headings. The section headings hereof have been inserted for convenience of reference only and shall not be
construed to affect the meaning, construction or effect of this Agreement. 
 SECTION 8.6 Counterparts. This
Agreement may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, regardless of whether delivered in physical or electronic form, but all of such counterparts shall together constitute but one and
the same instrument. 
 SECTION 8.7 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 8.8 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 8.9 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 8.10 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. 

  

					
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 SECTION 8.11 Cumulative Remedies. The remedies herein provided are
cumulative and not exclusive of any remedies provided by law. 
 SECTION 8.12 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 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 8.13 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 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 Proceeding may be brought in such courts and waives
any objection that it may now or hereafter have to the venue of such Proceeding in any such court or that such Proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c)        agrees that service of process in any such Proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address determined in accordance with Section 8.3; 

(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 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 8.14 Limitation of Liability. 

  

					
		 	23	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 (a)        It is expressly
understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by [                ] (“BNYM”), not individually or
personally but solely as Owner Trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Owner Trustee and the
Issuer is made and intended not as personal representations, undertakings and agreements by BNYM but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on
BNYM, individually or personally, to perform any covenant either expressed or implied contained herein of the Owner Trustee or the Issuer, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by,
through or under the parties hereto, (d) BNYM has made no investigation as to the accuracy or completeness of any representations and warranties made by the Owner Trustee or the Issuer in this Agreement and (e) under no circumstances shall
BNYM be personally liable for the payment of any indebtedness or expenses of the Owner Trustee or the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Owner Trustee or
the Issuer under this Agreement or any other related documents. For the purposes of this Agreement, in the performance of its duties or obligations hereunder, the Owner Trustee shall be subject to, and entitled to the benefits of, the terms and
provisions of Articles VI, VII and VIII of the Trust Agreement. 

(b)        Notwithstanding anything contained herein to the contrary, this Agreement
has been executed and delivered by [                    ], not in its individual capacity but solely as Indenture Trustee, and in no event shall it
have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer 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 Indenture 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 Indenture Trustee
shall be subject to, and entitled to the benefits of, the terms and provisions of Article VI of the Indenture. 

SECTION 8.15 Third-Party Beneficiaries. This Agreement shall inure to the benefit of and be binding upon the parties
hereto, the Noteholders and the Certificateholder and their respective successors and permitted assigns and [each of] the Owner Trustee [,][and] Delaware Trustee [and the Swap Counterparty] shall be express third party beneficiaries hereof and may
enforce the provisions hereof as if they were parties hereto. Except as otherwise provided in this Section, no other Person will have any right hereunder. 

SECTION 8.16 Information Requests. The parties hereto shall provide any information reasonably requested by the
Servicer, the Issuer, the Seller or any of their Affiliates, in order to comply with or obtain more favorable treatment under any current or future law, rule, regulation, accounting rule or principle. 

SECTION 8.17 Regulation AB. The Servicer shall cooperate fully with the Seller and the Issuer to deliver to the Seller
and the Issuer (including any of its assignees or designees) any 

  

					
		 	24	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
and all statements, reports, certifications, records and any other information necessary in the good faith determination of the Seller or the Issuer to permit the Seller 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 Seller to be necessary in
order to effect such compliance. 
 SECTION 8.18 Information to Be Provided by the Indenture Trustee. 

(a)        For so long as the Seller 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 Seller, 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 Seller; 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 Seller, 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 Seller, in writing, such updated information. 

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

 

	 	(i)	 deliver to the Seller 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 A or such other criteria as mutually agreed upon by the Seller and the
Indenture Trustee; 

  

	 	(ii)	 cause a firm of registered public accountants that is qualified and independent within the meaning of Rule 2-01 of Regulation S-X under the Securities Act to deliver to the Seller a report for inclusion in the Seller’s filing of Exchange Act Form
10-K with respect to the Issuer that attests to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered to the Seller 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 Seller 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 Seller, a back-up certification substantially in the form attached hereto as Exhibit B or such form as mutually agreed upon by the Seller and the Indenture Trustee; and

  

					
		 	25	 	Servicing Agreement
		 		 	(20[    ]-[        ])

	 	(iv)	 deliver to the Seller the certification substantially in the form attached hereto as Exhibit C or
such other form as is mutually agreed upon by the Seller and the Indenture Trustee regarding any affiliations or relationships (as described in Item 1119 of Regulation AB) between the Indenture Trustee and any Item 1119 Party and any Form 10-D Disclosure Item; provided, that, such notification need only be made if the affiliation or relationships have changed between the Indenture Trustee and any Item 1119 Party. 

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 shall provide the Seller and the Servicer (each, a
“Transaction Party” and, collectively, the “Transaction Parties”) with (i) notification, as soon as practicable and in any event within ten (10) Business Days, of all demands communicated to the Indenture
Trustee for the repurchase or replacement of any Receivable pursuant to demands under the Transaction Documents and (ii) promptly upon request by a Transaction Party, any other information reasonably requested by a Transaction Party to
facilitate compliance by the Transaction Parties with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB. In no event shall the Indenture Trustee be deemed to be a
“securitizer” as defined in Section 15G(a) of the Exchange Act nor shall it have any responsibility for making any filing to be made by a securitizer under the Exchange Act or Regulation AB. The Transaction Parties
hereby acknowledge and agreed that the Indenture Trustee’s reporting is limited to information that it has received or acquired solely in its capacity as indenture trustee under this Agreement and the Indenture and not in any other capacity.
The Transaction Parties further hereby acknowledge and agree that, other than any express duties or responsibilities as trustee under the Transaction Documents, the Indenture Trustee has no duty or obligation to undertake any investigation or
inquiry related to repurchase demand activity in connection with any Transaction Documents, and no obligations or duties are otherwise implied by this section. 

SECTION 8.19 Form 8-K Filings. So long as the Seller is filing Exchange Act
Reports with respect to the Issuer, the Indenture Trustee shall promptly notify the Seller, but in no event later than one (1) Business Day after 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 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 8.20 Cooperation. The parties hereto acknowledge and agree that the purpose of Sections 8.18 and
8.19 is to facilitate compliance by the Seller and Servicer with the provisions of Regulation AB and related rules and regulations of the Commission. Neither the Seller nor the Servicer shall exercise its right to request delivery of
information or other performance under these provisions other than in good faith in order to comply with the Securities Act, the Exchange Act, the rules and regulations of the Commission under the Securities Act and the Exchange Act and any comments
or requests of the Commission. The 

  

					
		 	26	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
Indenture Trustee acknowledges that interpretations of the requirements of Regulation AB may change over time, whether due to interpretive guidance provided by the Commission or its staff,
consensus among participants in the asset-backed securities markets, advice of counsel, or otherwise, and agrees to cooperate with the Seller to deliver to the Seller and Servicer such information necessary in the good faith determination of the
Seller and Servicer to permit the Seller or such Servicer to comply with the provisions of Regulation AB. 
 SECTION 8.21
Not Applicable to the Bank in Other Capacities. Nothing in this Agreement shall affect any obligation the Bank may have in any other capacity. 

SECTION 8.22 USA Patriot Act and Other Applicable Law. In order to comply with the laws, rules, regulations and
executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering, the USA Patriot Act, the Financial Crimes Enforcement Network’s (FinCEN)
Customer Due Diligence Requirements and such other laws, rules, regulations and executive orders in effect from time to time applicable to banking institutions (“Applicable Law”), the Indenture Trustee is required to obtain, verify,
record and update certain information relating to individuals and entities which maintain a business relationship with the Indenture Trustee. Accordingly, each of the parties agrees to provide to the Indenture Trustee, upon its request from time to
time such identifying information and documentation as may be available for such party in order to enable the Indenture Trustee to comply with Applicable Law. 

[Signatures Follow] 

  

					
		 	27	 	Servicing Agreement
		 		 	(20[    ]-[        ])

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

			
	FIFTH THIRD BANK, as Servicer
		
	By:  	 	  

		 	Name:
		 	Title:

  

					
		 	S-1	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 
			
	FIFTH THIRD AUTO TRUST 20[    ]-[        ]
		
	By:	 	[                    ],
		 	 not in its individual capacity but
 solely as
Owner Trustee

		
	By:  	 	  

		 	Name:
		 	Title:

  

					
		 	S-2	 	Servicing Agreement
		 		 	(20[    ]-[        ])

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

		 	Name:
		 	Title:

  

					
		 	S-3	 	Servicing Agreement
		 		 	(20[    ]-[        ])

 EXHIBIT A 

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 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.
	  	 
	 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.
	  	 
	
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.	  	 
	
1122(d)(1)(v)
	  	Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	  	 
	 	 	 
	 	  	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.	  	 
	 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.
	  	 
	 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.
	  	 

  

					
		 	A-1	 	  
 Exhibit A to Servicing
Agreement

			
		 		 	(20[    ]-[        ])

					
	Servicing Criteria	  	Applicable
Servicing Criteria
	 	 	 
	Reference	  	Criteria	  	  
	
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.	  	 
	 	 	 
	 	  	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.
	  	 
	 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.	  	
(solely with respect to remittance)
 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.
	  	 
	 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.
	  	 

  

					
		 	A-2	 	  
 Exhibit A to Servicing
Agreement

			
		 		 	(20[    ]-[        ])

					
	Servicing Criteria	  	Applicable
Servicing Criteria
	 	 	 
	Reference	  	Criteria	  	  
	 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.
	  	 
	 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.	  	 

  

					
		 	A-3	 	  
 Exhibit A to Servicing
Agreement

			
		 		 	(20[    ]-[        ])

 EXHIBIT B 

FORM OF INDENTURE TRUSTEE’S ANNUAL CERTIFICATION 
  

	Re:	 FIFTH THIRD AUTO TRUST 20[    ]-[        ]

[                    ],
not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), certifies to Fifth Third Holdings Funding, LLC (the “Seller”), 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 provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), and Item 1122 of Regulation AB (the “Servicing Assessment”), and the registered public accounting firm’s attestation report provided in accordance with Rules
13a-18 and 15d-18 under the Exchange Act and Item 1122(b) of Regulation AB (the “Attestation Report”) that were delivered by the Indenture Trustee
to the Seller pursuant to the Servicing Agreement (the “Agreement”), dated as of [                    ], by and among Fifth Third
Bank (the “Bank”), the Indenture Trustee and Fifth Third Auto Trust 20[    ]-[        ]; 

(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 information required to be provided by the Indenture Trustee pursuant to Sections 8.19 and 8.20 of the Agreement has been provided to the Seller. 

Dated:             , 20[    ] 

 

			
	[                    ], not in its individual capacity but solely as Indenture Trustee
	
	By:                                   
                                       
	Name:	 	
	Title:	 	

  

					
		 	B-1	 	  
 Exhibit B to Servicing
Agreement

			
		 		 	(20[    ]-[        ])

 EXHIBIT C 

FORM OF INDENTURE TRUSTEE’S ANNUAL CERTIFICATION 

REGARDING ITEM 1117 AND ITEM 1119 OF REGULATION AB 

Reference is made to the Form 10-K of Fifth Third Auto Trust 20[ ]-[ ] (the “Form 10-K”) for the fiscal year ended December 31, 20[    ]. Capitalized terms used but not otherwise defined herein shall have the respective meanings given to them in the Form 10-K. 

[                    ], a
[                     ]
(“[                    ]”), does hereby certify to the Sponsor, the Depositor and the Issuing
Entity that: 
 1.    As of the date of the Form 10-K, there
are no pending legal Proceedings against [                    ] or Proceedings known to be contemplated by governmental authorities against
[                    ] that would be material to the investors in the Notes. 

2.    As of the date of the Form 10-K, there are the following
affiliations, as contemplated by Item 1119 of Regulation AB, between [                    ] and any of Fifth Third Bank (in its capacity as
Originator, Servicer and Administrator), Fifth Third Holdings, LLC, Fifth Third Holdings Funding, LLC, the Owner Trustee, the Delaware Trustee and the Issuing Entity, or any affiliates of such parties:
[                    ] 

IN WITNESS WHEREOF,
[                    ] has caused this certificate to be executed in its corporate name by an officer thereunto duly authorized. 

Dated:             , 20[    ] 

 

			
	[                    ], not in its individual capacity but solely as Indenture Trustee
	
	By:                                   
                                   
	Name:	 	
	Title	 	

  

					
		 	C-1	 	Exhibit C to Servicing Agreement
			
		 		 	(20[    ]-[        ])

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