Document:

Form of Pooling and Servicing Agreement

 Exhibit 4.2 
 Fifth Third Holdings Funding, LLC 
 Seller, 
 Fifth Third Bank, 
 an Ohio banking corporation 
 Servicer 
 and 
  

 Trustee 
 on behalf of the Holders 
  
 FORM OF POOLING AND SERVICING AGREEMENT 
 Dated as of
            , 20     
 FIFTH THIRD AUTO TRUST
20[  ]-[  ] 
         % Asset Backed Certificates, Class A

         % Asset Backed Certificates, Class B 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page
	 ARTICLE I
	 	 DEFINITIONS
	  	1
			
	 Section 1.1
	 	 Definitions
	  	1
			
	 Section 1.2
	 	 Other Interpretative Provisions
	  	19
			
	 Section 1.3
	 	 Calculations
	  	19
			
	 Section 1.4
	 	 References
	  	19
			
	 Section 1.5
	 	 Action by or Consent of Holders
	  	19
			
	 ARTICLE II
	 	 THE TRUST PROPERTY
	  	19
			
	 Section 2.1
	 	 Conveyance of Trust Property
	  	19
			
	 Section 2.2
	 	 Representations and Warranties as to Each Receivable
	  	20
			
	 Section 2.3
	 	 Representations and Warranties as to the Receivables in the Aggregate
	  	22
			
	 Section 2.4
	 	 Repurchase upon Breach
	  	23
			
	 Section 2.5
	 	 Custodian of Receivable Files
	  	23
			
	 ARTICLE III
	 	 ADMINISTRATION AND SERVICING OF TRUST PROPERTY
	  	26
			
	 Section 3.1
	 	 Duties of Servicer
	  	26
			
	 Section 3.2
	 	 Collection of Receivable Payments
	  	27
			
	 Section 3.3
	 	 Realization upon Receivables
	  	28
			
	 Section 3.4
	 	 Physical Damage Insurance
	  	28
			
	 Section 3.5
	 	 Maintenance of Security Interests in Financed Vehicles
	  	28
			
	 Section 3.6
	 	 Covenants of Servicer
	  	29
			
	 Section 3.7
	 	 Purchase by Servicer upon Breach
	  	29
			
	 Section 3.8
	 	 Servicing Compensation
	  	30
			
	 Section 3.9
	 	 Servicer’s Report
	  	30
			
	 Section 3.10
	 	 Annual Statement as to Compliance
	  	30
			
	 Section 3.11
	 	 Annual Registered Public Accounting Firm Attestation Report
	  	31
			
	 Section 3.12
	 	 Access to Certain Documentation and Information Regarding Receivables
	  	31
			
	 Section 3.13
	 	 Reports to the Commission
	  	32
			
	 Section 3.14
	 	 Reports to the Rating Agency
	  	32
			
	 Section 3.15
	 	 Servicer Expenses
	  	32

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 

					
	 	 	 	  	Page
	 ARTICLE IV
	 	 DISTRIBUTIONS; RESERVE ACCOUNT; STATEMENTS TO HOLDERS
	  	32
			
	 Section 4.1
	 	 Establishment of Accounts
	  	32
			
	 Section 4.2
	 	 Collections
	  	33
			
	 Section 4.3
	 	 [RESERVED]
	  	34
			
	 Section 4.4
	 	 Additional Deposits; Net Deposits
	  	34
			
	 Section 4.5
	 	 Distributions
	  	35
			
	 Section 4.6
	 	 Reserve Account
	  	37
			
	 Section 4.7
	 	 Statements to Holders
	  	38
			
	 ARTICLE V
	 	 THE CERTIFICATES
	  	40
			
	 Section 5.1
	 	 The Certificates
	  	40
			
	 Section 5.2
	 	 Authentication of Certificates
	  	40
			
	 Section 5.3
	 	 Registration of Transfer and Exchange of Certificates
	  	40
			
	 Section 5.4
	 	 Mutilated, Destroyed, Lost or Stolen Certificates
	  	41
			
	 Section 5.5
	 	 Persons Deemed Owners
	  	41
			
	 Section 5.6
	 	 Access to List of Holders’ Names and Addresses
	  	41
			
	 Section 5.7
	 	 Maintenance of Office or Agency
	  	42
			
	 Section 5.8
	 	 Book Entry Certificates
	  	42
			
	 Section 5.9
	 	 Notices to Clearing Agency
	  	43
			
	 Section 5.10
	 	 Definitive Certificates
	  	43
			
	 ARTICLE VI
	 	 SELLER
	  	44
			
	 Section 6.1
	 	 Representations and Warranties of Seller
	  	44
			
	 Section 6.2
	 	 Merger or Consolidation of, or Assumption of the Obligations of, Seller
	  	45
			
	 Section 6.3
	 	 Limitation on Liability of Seller and Others
	  	46
			
	 ARTICLE VII
	 	 SERVICER
	  	46
			
	 Section 7.1
	 	 Representations and Warranties of Servicer
	  	46
			
	 Section 7.2
	 	 Indemnities of Servicer
	  	47
			
	 Section 7.3
	 	 Merger or Consolidation of or Assumption of the Obligations of Servicer
	  	48
			
	 Section 7.4
	 	 Limitation on Liability of Servicer and Others
	  	49

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 

					
	 	 	 	  	Page
	 Section 7.5
	 	 The Ohio Bank Not To Resign as Servicer
	  	49
			
	 Section 7.6
	 	 Servicer May Own Certificates
	  	49
			
	 Section 7.7
	 	 Existence
	  	50
			
	 ARTICLE VIII
	 	 SERVICING TERMINATION
	  	50
			
	 Section 8.1
	 	 Servicer Termination Events
	  	50
			
	 Section 8.2
	 	 Trustee to Act; Appointment of Successor Servicer
	  	52
			
	 Section 8.3
	 	 Effect of Servicing Transfer
	  	52
			
	 Section 8.4
	 	 Notification to Holders
	  	53
			
	 Section 8.5
	 	 Waiver of Past Servicer Termination Events
	  	53
			
	 Section 8.6
	 	 Transfer of Accounts
	  	53
			
	 ARTICLE IX
	 	 TRUSTEE
	  	54
			
	 Section 9.1
	 	 Acceptance by Trustee
	  	54
			
	 Section 9.2
	 	 Duties of Trustee
	  	54
			
	 Section 9.3
	 	 Trustee’s Certificate
	  	55
			
	 Section 9.4
	 	 Trustee’s Assignment of Purchased Receivables
	  	55
			
	 Section 9.5
	 	 Certain Matters Affecting Trustee
	  	56
			
	 Section 9.6
	 	 Trustee Not Liable for Certificates or Receivables
	  	57
			
	 Section 9.7
	 	 Trustee May Own Certificates
	  	59
			
	 Section 9.8
	 	 Trustee’s Fees and Expenses
	  	59
			
	 Section 9.9
	 	 Eligibility Requirements for Trustee
	  	59
			
	 Section 9.10
	 	 Resignation or Removal of Trustee
	  	59
			
	 Section 9.11
	 	 Successor Trustee
	  	60
			
	 Section 9.12
	 	 Merger or Consolidation of or Assumption of Obligations of Trustee
	  	61
			
	 Section 9.13
	 	 Appointment of Co-Trustee or Separate Trustee
	  	61
			
	 Section 9.14
	 	 Representations and Warranties of Trustee
	  	62
			
	 Section 9.15
	 	 Reports by Trustee
	  	63
			
	 Section 9.16
	 	 Tax Returns
	  	63
			
	 Section 9.17
	 	 Trustee May Enforce Claims Without Possession of Certificates
	  	63
			
	 ARTICLE X
	 	 TERMINATION
	  	64

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 

					
	 	 	 	  	Page
	 Section 10.1
	 	 Termination of the Trust
	  	64
			
	 Section 10.2
	 	 Optional Purchase of All Receivables
	  	65
			
	 ARTICLE XI
	 	 MISCELLANEOUS PROVISIONS
	  	65
			
	 Section 11.1
	 	 Amendment
	  	65
			
	 Section 11.2
	 	 Protection of Title to Trust Property
	  	66
			
	 Section 11.3
	 	 Limitation on Rights of Holders
	  	68
			
	 Section 11.4
	 	 Governing Law
	  	69
			
	 Section 11.5
	 	 Notices
	  	69
			
	 Section 11.6
	 	 Severability of Provisions
	  	69
			
	 Section 11.7
	 	 Assignment
	  	69
			
	 Section 11.8
	 	 Certificates Nonassessable and Fully Paid
	  	69
			
	 Section 11.9
	 	 Intention of Parties
	  	69
			
	 Section 11.10
	 	 Counterparts
	  	70
			
	 Section 11.11
	 	 Further Assurances
	  	70
			
	 Section 11.12
	 	 No Waiver; Cumulative Remedies
	  	70
			
	 Section 11.13
	 	 Regulation AB
	  	70
			
	 Section 11.14
	 	 Information to Be Provided by Trustee
	  	71
			
	 Section 11.15
	 	 Form 8-K Filings
	  	72
			
	 Section 11.16
	 	 Indemnification
	  	72

  

 -iv- 

					
			
		  	SCHEDULE	  	
			
	 SCHEDULE A
	  	 LOCATION OF RECEIVABLE FILES
	  	S-1
			
		  	EXHIBITS	  	
			
	 EXHIBIT A
	  	 FORM OF CLASS A CERTIFICATE
	  	A-1
	 EXHIBIT B
	  	 FORM OF CLASS B CERTIFICATE
	  	B-1
	 EXHIBIT C
	  	 FORM OF SERVICER’S REPORT
	  	C-1
	 EXHIBIT D
	  	 SERVICING CRITERIA
	  	D-1
	 EXHIBIT E
	  	 FORM OF TRUSTEE’S ANNUAL CERTIFICATION
	  	E-1
	 EXHIBIT F
	  	 FORM OF TRUSTEE’S ANNUAL CERTIFICATION REGARDING ITEM 1117 AND ITEM 1119 OF REGULATION AB
	  	F-1

 POOLING AND SERVICING AGREEMENT dated as of
            , 20    , between Fifth Third Holdings Funding, LLC, a Delaware limited liability company, as Seller, Fifth Third Bank, an Ohio banking
corporation (the “Ohio Bank”), as Servicer, and                     , a
                                , as trustee hereunder. 
 In consideration of the premises and of the mutual agreements herein contained, and other good and valuable consideration, the receipt of
which is acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.1 Definitions. Whenever used in this Agreement, the following capitalized words and phrases, unless the context otherwise requires, have the following meanings: 
 “Accounts” means collectively the Collection Account, the Class A Distribution Account, the Class B Distribution
Account and the Payahead Account. 
 “Account Property” means all amounts and investments held from time to
time in any Account or the Reserve Account, as the case may be (whether in the form of deposit accounts, instruments, certificated securities, book entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

 “Actuarial Receivable” means a Receivable that provides for (i) amortization of the loan over a
series of fixed level payment monthly installments and (ii) each monthly installment, including the monthly installment representing the final payment on the Receivable, to consist of an amount of interest equal to 1/12 of the Contract Rate of
the loan multiplied by the unpaid principal balance of the loan, and an amount of principal equal to the remainder of the monthly installment. 
 “Acquired Receivable” means a Receivable acquired by Transferor through a bulk purchase of Receivables or the acquisition of a financial institution that owned the Receivable. 
 “Additional Servicing” means, for each Distribution Date, an amount equal to the lesser of (i) the amount by which
(A) the aggregate amount of the Servicing Fee for such Distribution Date and all prior Distribution Dates exceeds (B) the aggregate amount of Additional Servicing paid to Servicer on all prior Distribution Dates and (ii) the amount,
if any, by which (A) the sum of Available Interest and Available Principal for such Distribution Date exceed (B) the sum, without duplication of (x) the Servicing Fee paid on such Distribution Date with respect to the related
Collection Period and any accrued and unpaid Servicing Fee for prior Collection Periods, (y) all amounts required to be distributed to the Holders on such Distribution Date and (z) the amount, if any, deposited in the Reserve Account on
such Distribution Date. 
 “Administration Agreement” means the Administration Agreement dated as of
            , 20     by and among the Trust, the Administrator and the Indenture Trustee as amended, restated and otherwise modified from time to time

 “Administrator” means the Ohio Bank in its capacity as administrator of
the Trust under the Administration Agreement, and any successor thereto. 
 “Affiliate” means, with respect
to any specified Person, any other Person controlling, controlled by or under common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to
direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to
the foregoing. A Person shall not be deemed to be an Affiliate of any specified Person solely because such other Person has the contractual right or obligation to manage such specified Person or act as servicer with respect to the financial assets
of such specified Person unless such other Person controls the specified Person through equity ownership or otherwise. 
 “Agreement” means this Pooling and Servicing Agreement, including its schedules and exhibits, as amended, modified or supplemented from time to time. 
 “Authorized Officer” means any officer within the Corporate Trust Office of Trustee, including any vice president, assistant vice president, secretary, assistant secretary or any
other officer of Trustee 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. 
 “Available Interest” means, for
any Distribution Date, the sum of the following amounts for the related Collection Period: (a) that portion of the Collections on the Receivables received during the such Collection Period that is allocable to interest in accordance with
Servicer’s customary servicing procedures, (b) all Liquidation Proceeds received during the related Collection Period and (c) the Purchase Amounts, to the extent allocable to accrued interest, of all Receivables that are purchased by
Servicer as of the last day of the related Collection Period. “Available Interest” for any Distribution Date shall exclude all payments and proceeds of any Receivables the Purchase Amount of which has been distributed on a prior
Distribution Date. 
 “Available Principal” means, for any Distribution Date the sum of the following
amounts with respect to the related Collection Period: (a) that portion of all Collections on the Receivables received during such Collection Period that is allocable to principal in accordance with Servicer’s customary servicing
procedures; and (b) the Purchase Amounts, to the extent attributable to principal, of all Receivables purchased by Servicer as of the last day of the related Collection Period. “Available Principal” on any Distribution Date shall
exclude all payments and proceeds of any Receivables the Purchase Amount of which has been distributed on a prior Distribution Date. 
 “Available Reserve Amount” is defined in Section 4.6. 
  

 2 

 “Book Entry Certificate” means beneficial interests in the definitive
Certificates described in Section 5.8, the ownership of which shall be evidenced, and transfers of which shall be made, through book entries by a Clearing Agency as described in Section 5.8. 
 “Business Day” means a day that is not a Saturday or a Sunday and that in the States of New York, Illinois, [Michigan],
[Ohio] and the State in which the Corporate Trust Office is located is neither a legal holiday nor a day on which banking institutions are authorized by law, regulation or executive order to be closed. 
 “Certificate” means any Class A Certificate or Class B Certificate. 
 “Certificate Owner” means, with respect to a Book Entry Certificate, the Person who is the owner of such Book Entry
Certificate, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly or as an indirect participant, in accordance with the rules, regulations and procedures of such
Clearing Agency). 
 “Certificate Register” means the register maintained by Trustee for the registration of
Certificates and of transfers and exchanges of Certificates as provided in Section 5.3. 
 “Class A
Certificate” means a certificate executed by Trustee on behalf of the Trust and authenticated by Trustee substantially in the form of Exhibit A. 
 “Class A Certificate Balance” means, at any time, the original Class A Certificate Balance, as reduced by all amounts allocable to principal on the Class A Certificates
distributed to Class A Holders prior to such time. 
 “Class A Certificate Rate” means
        % per annum, calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 “Class A Distribution Account” means the account established, maintained and designated as the “Class A Distribution Account” pursuant to Section 4.1. 
 “Class A Holder” means the Person in whose name a Class A Certificate is registered in the Certificate Register,
except that, solely for the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Class A Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an
Authorized Officer of Trustee to be an Affiliate, the Transferor, or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained.

 “Class A Interest Carryover Shortfall” means, (a) with respect to the initial Distribution Date,
zero, and (b) with respect to any other Distribution Date, the excess of Class A Monthly Interest for the preceding Distribution Date and any outstanding Class A Interest Carryover Shortfall on such preceding Distribution Date, over
the amount in respect of interest that is actually deposited in the Class A Distribution Account on such preceding Distribution Date, plus 30 days of interest on such excess, to the extent permitted by law, in an amount equal 

  

 3 

 
to the product of one-twelfth multiplied by the Class A Certificate Rate multiplied by the amount of such excess. 
 “Class A Interest Distributable Amount” means, with respect to any Distribution Date, the sum of (a) the
Class A Monthly Interest for such Distribution Date and (b) the Class A Interest Carryover Shortfall for such Distribution Date. 
 “Class A Monthly Interest” means, for any Distribution Date, an amount equal to one-twelfth (or the actual number of days from and including the Closing Date to but excluding
            , 20     divided by 360, for the initial Distribution Date) of the Class A Certificate Rate multiplied by the Class A Certificate
Balance as of the close of business on the immediately preceding Distribution Date, after giving effect to all payments of principal to the Class A Certificates on or prior to such Distribution Date (or, in the case of the first Distribution
Date, the Original Class A Certificate Balance). 
 “Class A Monthly Principal” means, with respect to
any Distribution Date, the Class A Percentage of Available Principal for such Distribution Date plus the Class A Percentage of Realized Losses with respect to the related Collection Period. 
 “Class A Percentage” means         %. 
 “Class A Pool Factor” means, with respect to any Distribution Date, the Class A Certificate Balance as of the close
of business on such Distribution Date (after giving effect to any payments to be made on such Distribution Date) divided by the Original Class A Certificate Balance, expressed as a seven-digit decimal. 
 “Class A Principal Carryover Shortfall” means, as of the close of business on any Distribution Date, the excess of
Class A Monthly Principal for such Distribution Date and any outstanding Class A Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited in the Class A
Distribution Account on such Distribution Date. 
 “Class A Principal Distributable Amount” means, with
respect to any Distribution Date, the sum of Class A Monthly Principal for such Distribution Date and, in the case of any Distribution Date other than the initial Distribution Date, the Class A Principal Carryover Shortfall as of the close
of business on the preceding Distribution Date; provided that the Class A Principal Distributable Amount shall not exceed the Class A Certificate Balance prior to such Distribution Date. In addition, on the Final Scheduled
Distribution Date, the Class A Principal Distributable Amount shall include, to the extent not included under the preceding sentence, the amount that is necessary (after giving effect to the other amounts to be deposited in the Class A
Distribution Account on such Distribution Date and allocable to principal) to reduce the Class A Certificate Balance to zero. 
 “Class B Certificate” means a certificate executed by Trustee on behalf of the Trust and authenticated by Trustee substantially in the form of Exhibit B. 
  

 4 

 “Class B Certificate Balance” means, at any time, the Original Class B
Certificate Balance, as reduced by all amounts allocable to principal on the Class B Certificates distributed to Class B Holders prior to such time. 
 “Class B Certificate Owner” means, with respect to a Book Entry Certificate representing a beneficial interest in the Class B Certificates, the Person who is the owner of such Book Entry Certificate,
as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly or as an indirect participant in accordance with the rules, regulations and procedures of such Clearing Agency).

 “Class B Certificate Rate” means         % per annum,
calculated on the basis of a 360-day year consisting of twelve 30-day months. 
 “Class B Distribution
Account” means the account established, maintained and designated as the “Class B Distribution Account” pursuant to Section 4.1. 
 “Class B Holder” means the Person in whose name a Class B Certificate is registered in the Certificate Register, except that, solely for the purpose of giving any consent,
request or waiver pursuant to this Agreement, the interest evidenced by any Class B Certificate registered in the name of the Transferor, Servicer, or any Person actually known to an Authorized Officer of Trustee to be an Affiliate of the Transferor
or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such consent, request or waiver shall have been obtained. 
 “Class B Interest Carryover Shortfall” means, (a) with respect to the initial Distribution Date, zero, and (b) with respect to any other Distribution Date, the excess
of Class B Monthly Interest for the preceding Distribution Date and any outstanding Class B Interest Carryover Shortfall on such preceding Distribution Date, over the amount in respect of interest that is actually deposited in the Class B
Distribution Account on such preceding Distribution Date, plus 30 days of interest on such excess, to the extent permitted by law, in an amount equal to the product of one-twelfth multiplied by the Class B Certificate Rate multiplied by the amount
of such excess. 
 “Class B Interest Distributable Amount” means, with respect to any Distribution Date, the
sum of (a) the Class B Monthly Interest for such Distribution Date and (b) the Class B Interest Carryover Shortfall for such Distribution Date. 
 “Class B Monthly Interest” means, for any Distribution Date, an amount equal to one-twelfth (or the actual number of days from and including the Closing Date to but excluding
            , 20     divided by 360, for the initial Distribution Date) of the Class B Certificate Rate multiplied by the Class B Certificate Balance as of
the close of business on the immediately preceding Distribution Date, after giving effect to all payments of principal to the Class B Certificates on or prior to such Distribution Date (or, in the case of the first Distribution Date, the Certificate
Balance on the Closing Date). 
 “Class B Monthly Principal” means, with respect to any Distribution Date,
the Class B Percentage of Available Principal for such Distribution Date plus the Class B Percentage of Realized Losses with respect to the related Collection Period. 
  

 5 

 “Class B Percentage” means
        %. 
 “Class B Pool Factor” means, with respect to
any Distribution Date, the Class B Certificate Balance as of the close of business on such Distribution Date (after giving effect to any payments to be made on such Distribution Date) divided by the Original Class B Certificate Balance, expressed as
a seven-digit decimal. 
 “Class B Principal Carryover Shortfall” means, as of the close of business on any
Distribution Date, the excess of Class B Monthly Principal for such Distribution Date and any outstanding Class B Principal Carryover Shortfall from the preceding Distribution Date over the amount in respect of principal that is actually deposited
in the Class B Distribution Account on such Distribution Date. 
 “Class B Principal Distributable Amount”
means, with respect to any Distribution Date, the sum of Class B Monthly Principal for such Distribution Date and, in the case of any Distribution Date other than the initial Distribution Date, the Class B Principal Carryover Shortfall as of the
close of business on the preceding Distribution Date; provided that the Class B Principal Distributable Amount shall not exceed the Class B Certificate Balance prior to such Distribution Date. In addition, on the Final Scheduled Distribution
Date, the Class B Principal Distributable Amount shall include, to the extent not included under the preceding sentence, the amount that is necessary (after giving effect to the other amounts to be deposited in the Class B Distribution Account on
such Distribution Date and allocable to principal) to reduce the Class B Certificate Balance to zero. 
 “Clearing
Agency” means an organization registered as a “clearing agency” pursuant to Section 17A of the Exchange Act, as amended. 
 “Clearing Agency Participant” means a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers of securities
deposited with the Clearing Agency. 
 “Closing Date” means the date of the initial issuance of the
Certificates hereunder. 
 “Code” means the Internal Revenue Code of 1986, as amended, modified or
supplemented from time to time, and any successor law thereto, and the Treasury Regulations promulgated thereunder. 
 “Collection Account” means the segregated account or accounts established, maintained and designated as the “Collection Account” pursuant to Section 4.1. 
 “Collection Period” means, (a) in the case of the initial Collection Period, the period from [but not including]
the Cutoff Date to and including                  , 20     and (b) thereafter, each calendar month during the term of this
Pooling and Servicing Agreement. With respect to any Determination Date, Deposit Date or Distribution Date, the “related Collection Period” means the Collection Period preceding the month in which such Determination Date, Deposit Date or
Distribution Date occurs. 
  

 6 

 “Collections” means all collections on the Receivables and any proceeds
from Insurance Policies and lender’s single interest insurance policies. 
 “Commission” means the
Securities and Exchange Commission. 
 “Contract Rate” means, with respect to a Receivable, the rate per
annum of interest charged on the outstanding principal balance of such Receivable. 
 “Corporate Trust
Office” means the principal office of Trustee at which at any particular time its corporate trust business shall be administered, which office at date of execution of this Agreement is located at
                    , Attention:
                    , Telephone:
                    , Facsimile:
                     or at such other address as Trustee may designate from time to time by notice to the Holders, the Transferor, Seller and
Servicer, or the principal corporate trust office of any successor Trustee (the address of which the successor Trustee will notify the Holders, the Transferor, Seller and Servicer). 
 “Custodian” means Servicer in its capacity as agent of the Trustee, as custodian of the Receivable Files and the
Transferor acting as agent for Servicer for the purpose of maintaining custody of the Receivables Files. 
 “Cutoff
Date” means the [opening] of business on                  , 20    . 
 “Cutoff Date Principal Balance” means, with respect to any Receivable, the Initial Principal Balance of such Receivable
minus the sum of the portion of all payments received under such Receivable from or on behalf of the related Obligor on or prior to the Cutoff Date and allocable to principal in accordance with the terms of the Receivable. 
 “Dealer” means, with respect to any Receivable, the seller of the related Financed Vehicle. 
 “Dealer Agreement” means an agreement between an Originator and a Dealer pursuant to which such Originator acquires
Motor Vehicle Loans from the Dealer or gives such Dealer the right to induce persons to apply to such Originator for loans in connection with the retail sale of Motor Vehicles by such Dealer. 
 “Dealer Recourse” means, with respect to any Dealer, any rights and remedies against such Dealer under the related
Dealer Agreement (other than with respect to any breach of representation or warranty thereunder) with respect to credit losses on a Receivable secured by a Financed Vehicle sold by such Dealer. 
 “Defaulted Receivable” means, with respect to any Collection Period, a Receivable (other than a Purchased Receivable)
which Servicer has determined to charge off during such Collection Period in accordance with its customary servicing practices; provided that any Receivable which Servicer is obligated to repurchase or purchase shall be deemed to have become
a Defaulted Receivable during a Collection Period if Servicer fails to deposit the related Purchase Amount on the related Deposit Date when due. 
 “Definitive Certificates” is defined in Section 5.8. 
  

 7 

 “Delivery” when used with respect to Account Property means: 

(A) with respect to bankers’ acceptances, commercial paper, negotiable certificates of deposit and other
obligations that constitute “instruments” within the meaning of Section 9-102(47) of the UCC and are susceptible of physical delivery, transfer thereof to Trustee or its nominee or custodian by physical delivery to Trustee or its
nominee or custodian endorsed to, or registered in the name of, Trustee or its nominee or custodian or endorsed in blank, and, with respect to a “certificated security” (as defined in Section 8-102 of the UCC) transfer thereof
(i) by delivery of such certificated security endorsed to, or registered in the name of, Trustee or its nominee or custodian or endorsed in blank to a “financial intermediary” (as defined in Section 8-313 of the UCC) and the
making by such financial intermediary of entries on its books and records identifying such certificated securities as belonging to Trustee or its nominee or custodian and the sending by such financial intermediary of a confirmation of the purchase
of such certificated security by Trustee or its nominee or custodian, or (ii) by delivery thereof to a “clearing corporation” (as defined in Section 8-102(3) of the UCC) and the making by such clearing corporation of appropriate
entries on its books reducing the appropriate securities account of the transferor and increasing the appropriate securities account of a financial intermediary by the amount of such certificated security, the identification by the clearing
corporation of the certificated securities for the sole and exclusive account of the financial intermediary, the maintenance of such certificated securities by such clearing corporation or a “custodian bank” (as defined in
Section 8-102(4) of the UCC) or the nominee of either subject to the clearing corporation’s exclusive control, the sending of a confirmation by the financial intermediary of the purchase by Trustee or its nominee or custodian of such
securities and the making by such financial intermediary of entries on its books and records identifying such certificated securities as belonging to 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 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 Account Property to 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 or by the Federal National Mortgage Association that is a book-entry security held
through 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
Account Property to an appropriate book-entry account maintained with a Federal Reserve Bank by a financial intermediary which is also a “depository” pursuant to applicable Federal regulations and issuance by such financial intermediary of
a deposit advice or other written confirmation of such book-entry registration to Trustee or its nominee or custodian of the purchase by Trustee or its nominee or custodian of 

  

 8 

 
such book-entry securities; the making by such financial intermediary of entries in its books and records identifying such book entry security held through
the Federal Reserve System pursuant to Federal book-entry regulations as belonging to Trustee or its nominee or custodian and indicating that such custodian holds such Account Property solely as agent for 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 Account Property to 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 Account Property that is an uncertificated
security under Article 8 of the UCC and that is not governed by clause (b) above, registration on the books and records of the issuer thereof in the name of the financial intermediary, the sending of a confirmation by the financial
intermediary of the purchase by Trustee or its nominee or custodian of such uncertificated security, the making by such financial intermediary of entries on its books and records identifying such uncertificated certificates as belonging to Trustee
or its nominee or custodian. 
 “Deposit Date” means, with respect to any Collection Period, the Business
Day preceding the related Distribution Date. 
 “Depository Agreement” means the agreement among Seller,
Servicer, Trustee and the initial Clearing Agency, dated the Closing Date. 
 “Determination Date” with
respect to any Collection Period, means the tenth day of the calendar month following such Collection Period (or, if the tenth day is not a Business Day, the next succeeding Business Day). 
 “Direct Loan” means motor vehicle promissory notes and security agreements executed by an Obligor in favor of a motor
vehicle lender. 
 “Distribution Date” means the          day
of each month (or, if the          day is not a Business Day, the next succeeding Business Day), commencing             ,
20    . 
 “Dollar” and the sign “$” mean lawful money of the
United States. 
 “Eligible Deposit Account” means either (a) a segregated account with an Eligible
Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic
branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as the long-term unsecured debt of such depository institution shall have a credit rating from each Rating Agency in one of
its generic rating categories which signifies investment grade. Any such accounts (other than the Reserve Account) may be maintained with
                    , or any of its Affiliates, if such accounts meet the requirements described in clause (a) of the preceding
sentence. 
  

 9 

 “Eligible Institution” means a depository institution (which may be
Servicer or any Affiliate of Servicer or Trustee) organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), which (a) has (i) either a
long-term senior unsecured debt rating of AA or a short-term senior unsecured debt or certificate of deposit rating of A-1+ or better by S&P and (ii) (A) a short-term senior unsecured debt rating of A-1 or better by S&P and
(B) a short-term senior unsecured debt rating of P-1 or better by Moody’s, or any other long-term, short-term or certificate of deposit rating acceptable to the Rating Agencies and (b) whose deposits are insured by the Federal Deposit
Insurance Corporation. If so qualified, Servicer, any Affiliate of Servicer or Trustee may be considered an Eligible Institution. 
 “Eligible Investments” shall mean any one or more of the following types of investments: 
 (A) direct obligations of, and obligations fully guaranteed as to timely payment by, the United States of America; 
 (B) demand deposits, time deposits or certificates of deposit of any depository institution (including any Affiliate of the Transferor, Seller, Trustee or any Affiliate of the Trustee) or trust company incorporated
under the laws of the United States of America or any state thereof or the District of Columbia (or any domestic branch of a foreign bank) and subject to supervision and examination by Federal or state banking or depository institution authorities
(including depository receipts issued by any such institution or trust company as custodian with respect to any obligation referred to in clause (a) above or a portion of such obligation for the benefit of the holders of such depository
receipts); provided that at the time of the investment or contractual commitment to invest therein (which shall be deemed to be made again each time funds are reinvested following each Distribution 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 S&P of A-1+ and from Moody’s of P-1; 
 (C) commercial paper (including commercial
paper of any Affiliate of the Transferor Seller) having, at the time of the investment or contractual commitment to invest therein, a rating from S&P of A-1+ and from Moody’s of P-1; 
 (D) investments in money market funds (including funds for which Trustee or any of its Affiliates or any of Seller’s
or Transferor’s Affiliates is investment manager or advisor) having a rating from S&P of AAA-m or AAAm-and from Moody’s of Aaa; 
 (E) bankers’ acceptances issued by any depository institution or trust company referred to in clause (b) above; 
  

 10 

 (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
depository institution or trust company (acting as principal) referred to in clause (b) above; and 
 (G) any other investment with respect to which each Rating Agency has provided written notice that such investment would not cause such Rating Agency to downgrade or withdraw its then current rating on the Class A Certificates or the
Class B Certificates. 
 “Eligible Servicer” means a Person which, at the time of its appointment as
Servicer, (a) has a net worth of not less than $50,000,000, (b) is servicing a portfolio of motor vehicle retail installment sales contracts and/or motor vehicle loans, (c) is legally qualified, and has the capacity, to service the
Receivables, (d) has demonstrated the ability to service a portfolio of motor vehicle loans similar to the Receivables professionally and competently in accordance with standards of skill and care that are consistent with prudent industry
standards, and (e) is qualified and entitled to use pursuant to a license or other written agreement, and agrees to maintain the confidentiality of, the software which Servicer uses in connection with performing its duties and responsibilities
under this Agreement or obtains rights to use, or develops at its own expense, software which is adequate to perform its duties and responsibilities under this Agreement. 
 “ERISA” means the Employment Retirement Income Security Act of 1974, as amended. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended. 
 “Final Scheduled Distribution Date” means the                      Distribution Date. 
 “Final Scheduled Maturity Date” means the last day of the Collection Period immediately preceding the Collection Period
during which the Final Scheduled Distribution Date falls. 
 “Financed Vehicle” means, with respect to a
Receivable, the Motor Vehicle, together with all accessories and accessions thereto, securing or purporting to secure the indebtedness under such Receivable. 
 “Fitch” means Fitch, Inc., or any successor that is a nationally recognized statistical rating organization. 
 “GAAP” is defined in Section 11.1(c). 
 “Holder” means the Person in whose name a Certificate is registered in the Certificate Register, except that, solely for
the purpose of giving any consent, request or waiver pursuant to this Agreement, the interest evidenced by any Certificate registered in the name of the Transferor, Servicer or any Person actually known to an Authorized Officer of Trustee to be

  

 11 

 
an Affiliate of the Transferor or Servicer, shall not be taken into account in determining whether the requisite percentage necessary to effect any such
consent, request or waiver shall have been obtained. 
 “Initial Principal Balance” means, in respect of a
Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and related costs, including accessories, service and warranty contracts, insurance premiums, other items customarily financed as part of retail
motor vehicle loans and/or retail installment sales contracts and other fees charged by the Transferor or Dealer and included in the amount to be financed, the total of which is shown as the initial principal balance in the note and security
agreement or retail installment sale contract evidencing and securing such Receivable. 
 “Insurance
Policies” means, all credit life and disability insurance policies maintained by the Obligors and all Physical Damage Insurance Policies. 
 “Item 1117 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
governmental proceeding 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 Certificateholders. 
 “Item 1119 Party” means Seller, the Ohio Bank, Fifth Third Bank, a Michigan banking corporation (the “Michigan
Bank”), Servicer, Trustee, Fifth Third Holdings, LLC, any underwriter of the Certificates and any other material transaction party identified by Seller, Fifth Third Holdings, LLC, the Michigan Bank or the Ohio Bank to Trustee in writing.

 “Lien” means a security interest, lien, charge, pledge, preference, participation interest or encumbrance
of any kind, other than liens for taxes not yet due and payable, mechanics’ or materialmen’s liens and other liens for work, labor or materials, and any other liens that may attach by operation of law. 
 “Liquidation Proceeds” means, with respect to any Receivable which has become a Defaulted Receivable, (a) insurance
proceeds received by Servicer with respect to the Insurance Policies, (b) amounts received by Servicer in connection with such Defaulted Receivable pursuant to the exercise of rights under that Receivable and (c) the monies collected by
Servicer (from whatever source, including proceeds of a sale of a Financed Vehicle or a deficiency balance recovered after the charge-off of the related Receivable or as a result of any Dealer Recourse) on such Defaulted Receivable net of any
expenses incurred by Servicer in connection therewith and any payments required by law to be remitted to the Obligor. 
 “Majority Holders” means Holders of Certificates evidencing not less than a majority of the aggregate outstanding principal balance of the Class A Certificates and the Class B Certificates taken together as a single
class. 
 “Minimum Specified Reserve Balance” with respect to any Distribution Date means the lesser of
(i) $             and (ii) the aggregate outstanding Class A Certificate Balance and Class B Certificate Balance (after giving effect to any distributions on the
Certificates on such Distribution Date). 
  

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 “Moody’s” means Moody’s Investors Service, Inc., or any
successor that is a nationally recognized statistical rating organization. 
 “Motor Vehicle” means a new or
used automobile or light duty truck. 
 “Motor Vehicle Loan” means a Direct Loan or retail installment sales
contract secured by a Motor Vehicle originated by the Transferor or another financial institution. 
 “Obligor” means, with respect to a Receivable, the borrower or co-borrowers under the related Receivable and any co-signer of the Receivable or other Person who owes or may be primarily or secondarily liable for payments
under such Receivable. 
 “Officer’s Certificate” means a certificate signed by the chairman, the
president, any vice president or the treasurer of the Transferor or Servicer, as the case may be, and delivered to Trustee. 
 “Opinion of Counsel” means a written opinion of counsel (who may be an employee of the Transferor or Servicer or any of their Affiliates) reasonably acceptable in form to Trustee. 
 “Original Certificate Balance” means the sum of the Original Class A Certificate Balance and the Original Class B
Certificate Balance. 
 “Original Class A Certificate Balance” means
$            . 
 “Original Class B Certificate
Balance” means $            . 
 “Original Pool Balance” means the Pool Balance as of the Cutoff Date. 
 “Originator” means, with respect to any Direct Loan or retail installment sales contract, the Transferor that was the lender with respect to such Direct Loan or that acquired such Direct Loan or retail installment sales
contract from a Dealer or other Person. 
 “Payahead Account” means the account designated as such,
established and maintained pursuant to Section 4.1. 
 “Payaheads” means early payments by or on
behalf of Obligors on Precomputed Receivables which, in accordance with Servicer’s customary practices, do not constitute scheduled payments or full prepayments and are applied to principal and interest in a subsequent period. 
 “Person” means a legal person, including any individual, corporation, estate, partnership, limited liability company,
joint venture, association, joint stock company, trust, unincorporated organization, or government or any agency or political subdivision thereof, or any other entity of whatever nature. 
  

 13 

 “Physical Damage Insurance Policy” means a 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. 
 “Pool Balance” means, at any time, the aggregate Principal Balance of the Receivables (excluding Defaulted Receivables) at such time. 
 “Pool Factor” means, with respect to any Collection Period, the Pool Balance as of the last day of such Collection
Period divided by the Original Pool Balance, expressed as a seven-digit decimal. 
 “Precomputed Receivable”
means (i) an Actuarial Receivable, (ii) a Rule of 78’s Receivable or (iii) a Sum of Periodic Balances Receivable. 
 “Principal Balance” means, as of any time, for any Receivable, the principal balance of such Receivable under the terms of the Receivable determined in accordance with Servicer’s customary
practices. 
 “Purchase Agreement” means each Purchase Agreement dated as of
            , 20     by and between the Transferor and Seller, as amended, restated or otherwise modified from time to time. 
 “Purchase Amount” of any Receivable means, with respect to any Deposit Date, an amount equal to the sum of (a) the
outstanding Principal Balance of such Receivable as of the last day of the preceding Collection Period and (b) the amount of accrued and unpaid interest on such Principal Balance at the related Contract Rate from the date a payment was last
made by or on behalf of the Obligor through and including the last day of such preceding Collection Period, in each case after giving effect to the receipt of monies collected on such Receivable in such preceding Collection Period. 
 “Purchased Receivable” means, at any time, a Motor Vehicle Loan included in the Schedule of Receivables as to which
payment of the Purchase Amount has previously been made by the Transferor or Servicer pursuant to this Agreement. 
 “Rating Agencies” means Moody’s, S&P and Fitch. 
 “Rating Agency
Condition” means, with respect to any action, that each Rating Agency shall have been given 10 days’ prior notice thereof (or such shorter period as shall be acceptable to the Rating Agencies) and that none of the Rating Agencies shall
have notified the Transferor Seller, Servicer or Trustee in writing that such action will, in and of itself, result in a reduction or withdrawal of the then current rating on the Class A Certificates or the Class B Certificates. 
 “Realized Losses” means, for any Collection Period, the aggregate Principal Balances of any Receivables that became
Defaulted Receivables during such Collection Period. 
  

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 “Receivable” means each Motor Vehicle Loan described in the Schedule of
Receivables, but excluding (i) Defaulted Receivables to the extent the Principal Balances thereof have been deposited in the Collection Account and (ii) any Purchased Receivables. 
 “Receivable File” is defined in Section 2.5. 
 “Record Date” means, subject to Section 1.4, with respect to any Distribution Date, the last day of the
related Collection Period. 
 “Regulation AB” means Subpart 229.1100 – Asset Backed Securities
(Regulation AB), 17 C.F.R. §§229.110-229.1123, 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 Agreements” means the Certificates, the Depository Agreement and the underwriting agreement between Seller and
the underwriter(s) of the Certificates. The Related Agreements to be executed by any party are referred to herein as “such party’s Related Agreements”, “its Related Agreements” or by a similar expression. 
 “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 Trust or the Certificates or an amendment to a Related
Agreement, even if 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 Related Agreement (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 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 Servicer only, the occurrence of a Servicer Termination Event; 
 (D) the resignation, removal, replacement, or substitution of Trustee; and 
 (E) with respect to Trustee only, a required distribution to Holders of the Certificates is not made as of the required Distribution Date under this Agreement. 
 “Required Rating” means a rating with respect to short term deposit obligations of at least P-1 by Moody’s and at least A-1 by S&P. 
  

 15 

 “Reserve Account” means the account established, maintained and
designated as the “Reserve Account” pursuant to Section 4.6. 
 “Reserve Account Initial
Deposit” means cash or Eligible Investments having a value of at least $            . 
 “Reserve Account Property” is defined in Section 4.6. 
 “Responsible Officer” means, with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president, assistant secretary,
assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is
referred because of such person’s knowledge of and familiarity with the particular subject and who, in each case, shall have direct responsibility for the administration of the Agreement, 
 “Rule of 78’s Receivable” means a Receivable that provides for the payment by the Obligor of a specified total
amount of payments, payable in equal monthly installments on each due date, which total represents the principal amount financed and add-on interest in an amount calculated at the stated Contract Rate for the term of the Receivable and allocated to
each monthly payment based upon a fraction, the numerator of which is the number of payments scheduled to have been made prior to the due date for such monthly payments on such Receivable and the denominator of which is the sum of all such numbers
of payments to be made until the maturity of such Receivable. 
 “S&P” means Standard &
Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc., or any successor that is a nationally recognized statistical rating organization. 
 “Schedule of Receivables” means, with respect to the Motor Vehicle Loans to be conveyed to Seller by the Transferor and to Trustee by Seller, the list identifying such retail
Motor Vehicle Loans delivered to Trustee on the Closing Date. 
 “Securities Act” means the Securities Act
of 1933, as amended. 
 “Securities Intermediary” is defined in Section 4.6 of this Agreement.

 “Seller” means Fifth Third Holdings Funding, LLC, in its capacity as seller of the Receivables to the
Trust under this Agreement, or any successor pursuant to Section 6.3. 
 “Servicer” means Fifth
Third Bank, an Ohio banking corporation, in its capacity as servicer of the Receivables under this Agreement, any successor pursuant to Section 7.3 or any successor Servicer appointed and acting pursuant to Section 8.2.

 “Servicer Termination Event” means an event specified in Section 8.1. 
 “Servicer’s Report” is defined in Section 3.9. 
  

 16 

 “Servicing Criteria” shall mean the “servicing criteria” set
forth in Item 1122(d) of Regulation AB. 
 “Servicing Fee” means, with respect to any Distribution
Date, an amount equal to the product of (a) one-twelfth of the Servicing Fee Rate, multiplied by (b) the Pool Balance as of the beginning of the first day of the preceding Collection Period. 
 “Servicing Fee Rate” shall be         % per annum, calculated on the
basis of a 360-day year consisting of twelve 30-day months. 
 “Servicing Officer” means any individual
involved in, or responsible for, the administration and servicing of the Receivables, whose name appears on a list of servicing officers attached to an Officer’s Certificate furnished to Trustee by Servicer, as such list may be amended from
time to time by Servicer in writing. 
 “Simple Interest Method” means the method of allocating a fixed
level payment monthly installments between principal and interest, pursuant to which such installment is allocated first to accrued and unpaid interest at the Contract Rate on the unpaid principal balance and the remainder of such installment is
allocable to principal. 
 “Simple Interest Receivable” means any Receivable under which the portion of a
payment allocable to interest and the portion allocable to principal is determined in accordance with the Simple Interest Method. 
 “Specified Reserve Account Balance” means, for any Distribution Date, the greater of (a)         % of the sum of the Class A Certificate Balance plus the Class B
Certificate Balance on such Distribution Date (after giving effect to all payments on the Certificates to be made on or prior to such Distribution Date), and (b) the Minimum Specified Reserve Balance as of such Distribution Date. 
 “Sum of Periodic Balances Receivable” means a Receivable that provides for the payment by the obligor of a specified
total amount of payments, payable in equal monthly installments on each due date, which total represents the principal amount financed and add-on interest in an amount calculated at the stated Contract Rate for the term of the Receivable and
allocated to each monthly payment based upon a fraction, the numerator of which is the principal balance of such Receivable immediately prior to the due date for such monthly payment and the denominator of which is the sum of all principal balances
for each monthly payment to be made until the maturity of such Receivable. 
 “Supplemental Servicing Fee”
is defined in Section 3.8. 
 “Transferor” means Fifth Third Holdings Funding, LLC. 

“Trust” means the trust created by this Agreement, which shall be known as Fifth Third Auto Trust
20[  ]—[  ]. 
 “Trustee” means
                    , a
                    , as Trustee under this Agreement and any successor Trustee appointed and acting pursuant to this Agreement. 

 

 17 

 “Trust Property” means: 
 (A) all right, title and interest of Seller in and to the Receivables, and all moneys received thereon [on or] after the
Cutoff Date; 
 (B) all right, title and interest of Seller in the security interests in the Financed Vehicles
granted by Obligors pursuant to the Receivables and any other interest of Seller in the Financed Vehicles and any other property that shall secure the Receivables; 
 (C) the interest of Seller in any proceeds with respect to the Receivables from claims on any Insurance Policies covering
Financed Vehicles or the Obligors or from claims under any lender’s single interest insurance policy naming the Transferor as an insured; 
 (D) rebates of premiums relating to Insurance Policies and rebates of other items such as extended warranties financed under the Receivables, in each case, to the extent Servicer would, in
accordance with its customary practices, apply such amounts to the Principal Balance of the related Receivable; 
 (E) the interest of Seller in any proceeds from (i) any Receivable repurchased by a Dealer, pursuant to a Dealer Agreement, as a result of a breach of representation or warranty in the related Dealer Agreement, (ii) a default by
an Obligor resulting in the repossession of the Financed Vehicle under the applicable Motor Vehicle Loan or (iii) any Dealer Recourse or other rights relating to the Receivables under Dealer Agreements; 
 (F) all right, title and interest in all funds on deposit from time to time in the Collection Account, the Payahead
Account, the Class A Distribution Account and the Class B Distribution Account (including the Account Property related thereto) and in all investments and proceeds thereof (but excluding all investment income thereon); 
 (G) all right, title and interest of Seller under each Purchase Agreement, including the right of Seller to cause the
Transferor to repurchase Receivables from Seller; 
 (H) all right, title and interest of Seller in any
instrument or document relating to the Receivables; and 
 (I) the proceeds of any and all of the foregoing.

 Notwithstanding anything to the contrary contained herein, the Trust Property shall not include, and the Trust shall not
have any right to, the Reserve Account or any funds actually or deemed to be deposited in such account or any investments therein. 
 “UCC” means the Uniform Commercial Code as in effect in the relevant jurisdiction. 
  

 18 

 Section 1.2 Other Interpretative Provisions. For purposes of this Agreement,
unless the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under GAAP;
(b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,” “herein” and
“hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles,
Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such
Section or definition; (e) the term “including” means “including without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended
from time to time and include any successor law or regulation; (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. 
 Section 1.3 Calculations. All calculations of the amount of
interest accrued on the Certificates during any Collection Period and all calculations of the amount of the Servicing Fee payable with respect to a Collection Period shall be made on the basis of a 360-day year consisting of twelve 30-day months.

 Section 1.4 References. All references to the Record Date prior to the first Record Date in the life of the
Trust shall be to the Closing Date. All references to the first day of a Collection Period shall refer to the opening of business on such day. All references to the last day of a Collection Period shall refer to the close of business on such day.
All references herein to the close of business means the close of business, [Illinois] time. 
 Section 1.5 Action by
or Consent of Holders. Whenever any provision of this Agreement refers to action to be taken, or consented to, by Holders, such provision shall be deemed to refer to Holders of record as of the Record Date immediately preceding the date on which
such action is to be taken, or consented to, by Holders. 
 ARTICLE II 
 THE TRUST PROPERTY. 
 Section 2.1 Conveyance of Trust
Property. In consideration of Trustee’s delivery to Seller or its designee of authenticated Certificates, in authorized denominations, in an aggregate amount equal to the Original Certificate Balance, Seller hereby sells, transfers, assigns
and conveys to Trustee, upon the terms and conditions hereof, in trust for the benefit of the Holders, the Trust Property, without recourse (except to the extent of Servicer’s obligations under this Agreement and the Related Agreements). The
sale, transfer, assignment, setting over and conveyance made hereunder shall not constitute and is not intended to result in an assumption by Trustee, any Holder or any Certificate Owner of any obligation of the Transferor to the Obligors, the
Dealers or any other Person in connection with the Receivables and the other Trust Property or any agreement, document or instrument related thereto. 
  

 19 

 Section 2.2 Representations and Warranties as to Each Receivable. The
Servicer hereby makes the following representations and warranties as to each Receivable on which Trustee shall rely in accepting the Trust Property in trust and authenticating the Certificates. Unless otherwise indicated, such representations and
warranties shall speak as of the Closing Date, but shall survive the sale, transfer and assignment of the Receivables and the other Trust Property to the Trust. 
 (a) Characteristics of Receivables. The Receivable has been fully and properly executed by the parties thereto and (i) is a Direct Loan made by an Originator or has been originated by
a Dealer in the ordinary course of such Dealer’s business and has been purchased by an Originator, in either case, in the ordinary course of such Originator’s business and in accordance with such Originator’s underwriting standards to
finance the retail sale by a Dealer of the related Financed Vehicle or has otherwise been acquired by the Transferor, (ii) the Originator of which has underwriting standards that require physical damage insurance to be maintained on the related
Financed Vehicle, (iii) is secured by a valid, subsisting, binding and enforceable first priority security interest in favor of the Transferor in the Financed Vehicle (subject to administrative delays and clerical errors on the part of the
applicable government agency and to any statutory or other lien arising by operation of law after the Closing Date which is prior to such security interest), which security interest is assignable together with such Receivable, and has been so
assigned to Seller, and subsequently assigned by Seller to Trustee, (iv) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate for realization against the collateral of the benefits
of the security, (v) provided, at origination, for level monthly payments (provided that the amount of the last payment may be different), which fully amortize the Initial Principal Balance over the original term, (vi) provides for
interest at the Contract Rate specified in the Schedule of Receivables, (vii) was originated in the United States, and (viii) constitutes “chattel paper” as defined in the UCC. 
 (b) Individual Characteristics. The Receivables have the following individual characteristics as of the Cutoff
Date: (i) each Receivable is secured by a Motor Vehicle; (ii) each Receivable has a Contract Rate of at least         % and not more than
        %; (iii) each Receivable had a remaining number of scheduled payments, as of the Cutoff Date, of not less than
             and not more than             ; (iv) each Receivable had an initial Principal Balance of not less
than $             and not more than $            ; (v) no Receivable was more than 30 days past due as of the
Cutoff Date; (vi) no Financed Vehicle had been repossessed as of the Cutoff Date; (vii) no Receivable is subject to a force placed Physical Damage Insurance Policy on the related Financed Vehicle; [(viii) each Receivable is a Simple
Interest Receivable;] and (ix) the Dealer of the Financed Vehicle has no participation in, or other right to receive, any proceeds of the Receivable. The Receivables were selected using selection procedures that were not intended by the
Transferor or Seller to be adverse to the Holders. 
  

 20 

 (c) Schedule of Receivables. The information with respect to each
Receivable set forth in the Schedule of Receivables, including (without limitation) the identity and address of the Obligor, account number, the Initial Principal Balance, the maturity date and the Contract Rate, was true and correct in all material
respects as of the close of business on the Cutoff Date. 
 (d) Compliance with Law. The Receivable
complied at the time it was originated or made, and will comply as of the Closing Date, in all material respects with all requirements of applicable federal, state and local laws, and regulations thereunder, including, to the extent applicable,
usury laws, the Federal Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Billing Act, the Fair Credit Reporting Act, the Federal Trade Commission Act, the Magnuson-Moss Warranty Act, the Fair Debt Collection Practices Act,
Federal Reserve Board Regulations B and Z and any other consumer credit, consumer protection, equal opportunity and disclosure laws. 
 (e) Binding Obligation. The Receivable constitutes the genuine, legal, valid and binding payment obligation in writing of the Obligor, enforceable in all material respects by the holder thereof in accordance
with its terms, subject to the effect of bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights generally, and the Receivable is not subject to any right of rescission, setoff, counterclaim
or defense, including the defense of usury. 
 (f) Lien in Force. Neither Seller nor the Transferor has
taken any action which would have the effect of releasing the related Financed Vehicle from the Lien granted by the Receivable in whole or in part. 
 (g) No Amendment or Waiver. No material provision of the Receivable has been amended, waived, altered or modified in any respect, except such waivers as would be permitted under this
Agreement, and no amendment, waiver, alteration or modification causes such Receivable not to conform to the other representations or warranties contained in this Section. 
 (h) No Liens. Neither Seller nor the Transferor has received notice of any Liens or claims, including Liens for
work, labor, materials or unpaid state or federal taxes, relating to the Financed Vehicle securing the Receivable, that are or may be prior to or equal to the Lien granted by the Receivable. 
 (i) No Default. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cutoff
Date, to the knowledge of Seller, no default, breach, violation or event permitting acceleration under the terms of the Receivable exists and no continuing condition that with notice or lapse of time, or both, would constitute a default, breach,
violation or event permitting acceleration under the terms of the Receivable has arisen. 
  

 21 

 (j) Insurance. The Receivable requires the Obligor to insure the
Financed Vehicle under a Physical Damage Insurance Policy, pay the premiums for such insurance and keep such insurance in full force and effect. 
 (k) Good Title. No Receivable has been sold, transferred, assigned, or pledged by Seller to any Person other than the Trust. Immediately prior to the transfer and assignment herein
contemplated, Seller had good and marketable title to the Receivable free and clear of any Lien and had full right and power to transfer and assign the Receivable to the Trust and immediately upon the transfer and assignment of the Receivable to the
Trust, the Trust shall have good and marketable title to the Receivable, free and clear of any Lien; and the Trust’s interest in the Receivable resulting from the transfer has been perfected under the UCC. 
 (l) Obligations. The Transferor has duly fulfilled all obligations on its part to be fulfilled under, or in
connection with, the Receivable. 
 (m) Possession. There is only one original executed Receivable, and
immediately prior to the Closing Date, the Transferor will have possession of such original executed Receivable. 
 (n) [No Government Obligor. The Obligor on the Receivable is not the United States of America or any state thereof or any local government, or any agency, department, political subdivision or instrumentality of the United States of
America or any state thereof or any local government.] 
 (o) Marking Records. By the Closing Date,
Seller shall have caused the portions of Seller’s and the Transferor’s electronic master record of Motor Vehicle Loans relating to the Receivables to be clearly and unambiguously marked to show that the Receivable is owned by Trustee in
accordance with the terms of this Agreement. 
 (p) No Assignment. As of the Closing Date, Seller shall
not have taken any action to convey any right to any Person that would result in such Person having a right to payments received under the Insurance Policies or Dealer Agreements, or payments due under the Receivable, that is senior to, or equal
with, that of Trustee. 
 (q) Lawful Assignment. The Receivable has not been originated in, and is not
subject to the laws of, any jurisdiction under which the sale, transfer or assignment of such Receivable hereunder or pursuant to transfers of the Certificates are unlawful, void or voidable. Neither Seller nor the Transferor has entered into any
agreement with any obligor that prohibits, restricts or conditions the assignment of any portion of the Receivables. 
 Section 2.3 Representations and Warranties as to the Receivables in the Aggregate. The Servicer hereby makes the following representations and warranties as to the Receivables on which Trustee shall rely in accepting the Trust
Property in trust and 

  

 22 

 
authenticating the Certificates. Unless otherwise indicated, such representations and warranties shall speak as of the Closing Date, but shall survive the
sale, transfer and assignment of the Receivables and the other Trust Property to the Trust. 
 (a)
Amounts. The Original Pool Balance was $            . 
 (b) Aggregate Characteristics. The Receivables had the following characteristics in the aggregate as of the Cutoff Date: (i) approximately         % of the
Original Pool Balance was attributable to loans for purchases of new Financed Vehicles, and approximately         % of the Original Pool Balance was attributable to loans for purchases of used Financed
Vehicles; (ii) approximately         %,         %,         % and
        % of the Original Pool Balance was attributable to Receivables the mailing addresses of the Obligors with respect to which are located in the States of
                    ,
                    ,
                    , and
                    , respectively, and no other state accounts for more than 5% of the Original Pool Balance; (iii) the weighted average
Contract Rate of the Receivables was         %; (iv) there are                     
Receivables being conveyed by Seller to the Trust; (v) the average Cutoff Date Principal Balance of the Receivables was $            ; and (vi) the weighted average
original term and weighted average remaining term of the Receivables were              months and             
months, respectively. 
 Section 2.4 Repurchase upon Breach. Seller, Servicer or Trustee, as the case may be,
shall inform the other parties to this Agreement promptly, in writing, upon the discovery of any breach or failure to be true of the representations or warranties made by Servicer in Section 2.2, provided that the failure to give
such notice shall not affect any obligation of Servicer. If the breach or failure shall not have been cured by the last day of the Collection Period which includes the 60th day (or if Servicer elects, the 30th day) after the date on which Servicer
becomes aware of, or receives written notice from Trustee or Servicer of, such breach or failure, and such breach or failure materially and adversely affects the interests of Trustee and the Holders in any Receivable, Servicer shall purchase each
such affected Receivable from Trustee as of such last day of such Collection Period at a purchase price equal to the Purchase Amount for such Receivable as of such last day of such Collection Period. Notwithstanding the foregoing, any such breach or
failure with respect to the representations and warranties contained in Section 2.2 will not be deemed to have such a material and adverse effect with respect to a Receivable if the facts resulting in such breach or failure do not affect
the ability of the Trust to receive and retain payment in full on such Receivable. In consideration of the repurchase of a Receivable hereunder, Servicer shall remit the Purchase Amount of such Receivable, no later than the close of business on the
next Deposit Date, in the manner specified in Section 4.4. The sole remedy of the Trust, Trustee or the Holders with respect to a breach or failure to be true of the representations or warranties made by Servicer pursuant to
Section 2.2 shall be to require Servicer to purchase Receivables pursuant to this Section. 
 Section 2.5
Custodian of Receivable Files. (a) Custody. To assure uniform quality in servicing the Receivables and to reduce administrative costs, Trustee, upon the execution and delivery of this Agreement, revocably appoints the Custodian,
as agent, and the Custodian accepts such appointment, to act as agent on behalf of Trustee to maintain custody of 

  

 23 

 
the following documents or instruments, which are hereby constructively delivered to Trustee with respect to each Receivable (collectively, a
“Receivable File”): 
 (i) the fully executed original of the Receivable; 
 (ii) any documents customarily delivered to or held by Servicer evidencing the existence of any Physical Damage Insurance Policies;

 (iii) the original credit application, fully executed by the Obligor; 
 (iv) the original certificate of title, or such other documents as the Transferor, as appropriate, keeps on file, in accordance with its
customary procedures, evidencing the security interest of the Transferor in the Financed Vehicle; 
 (v) originals or true
copies of all documents, instruments or writings relating to extensions, amendments or waivers of the Receivable; and 
 (vi)
any and all other documents or electronic records that the Transferor or Servicer, as the case may be, keeps on file, in accordance with its customary procedures, relating to the Receivable, any Insurance Policies, the Obligor or the Financed
Vehicle. 
 (b) Safekeeping. Servicer, in its capacity as Custodian, shall hold the Receivable Files as
agent on behalf of Trustee for the benefit of all present and future Holders, and maintain such accurate and complete accounts, records and computer systems pertaining to each Receivable as shall enable Servicer and Trustee to comply with the terms
and provisions of this Agreement applicable to them. In performing its duties as Custodian hereunder, the Custodian shall act with reasonable care, exercising the degree of skill, attention and care that Custodian exercises with respect to
receivable files relating to other similar motor vehicle loans owned and/or serviced by the Custodian and that is consistent with industry standards. In accordance with its customary practice with respect to its retail installment sale contracts,
Custodian shall conduct, or cause to be conducted, periodic audits of the Receivable Files held by it under this Agreement, and of the related accounts, records, and computer systems, and shall maintain the Receivable Files in such a manner as shall
enable Trustee to verify, if Trustee so elects, the accuracy of the record keeping of Custodian. Custodian shall promptly report to Trustee any failure on its part to hold the Receivable Files and maintain its accounts, records and computer systems
as herein provided, and promptly take appropriate action to remedy any such failure. The Custodian hereby acknowledges receipt of the Receivable File for each Receivable listed on the Schedule of Receivables. Nothing herein shall be deemed to
require Trustee to verify the accuracy of the record keeping of the Custodian. 
 (c) Maintenance of and
Access to Records. The Custodian shall maintain each Receivable File at the location specified in Schedule A to this Agreement, or at such other office of the Custodian within the United States (or, 

  

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in the case of any successor Custodian, within the State in which its principal place of business is located) as shall be specified to Trustee by 30
days’ prior written notice. Upon Trustee’s reasonable request, the Custodian shall make available to Trustee or its agents (or, when requested in writing by Trustee, to its attorneys or auditors) the Receivable Files and the related
accounts, records and computer systems maintained by the Custodian at such times during the normal business hours of the Custodian for purposes of inspecting, auditing or making copies or abstracts of the same. 
 (d) Release of Documents. Upon written instructions from Trustee, Custodian shall release any document in the
Receivable Files to Trustee or its agent or designee, as the case may be, at such place or places as Trustee may designate, as soon thereafter as is practicable. Any document so released shall be handled by Trustee with due care and returned to the
Custodian for safekeeping as soon as Trustee or its agent or designee, as the case may be, shall have no further need therefor. 
 (e) Title to Receivables. The Custodian agrees that, in respect of any Receivable File held by the Custodian hereunder, the Custodian will not at any time have or in any way attempt to assert any interest in
such Receivable File or the related Receivable, other than solely for the purpose of collecting or enforcing the Receivable for the benefit of the Trust and that the entire equitable interest in such Receivable and the related Receivable File shall
at all times be vested in the Trust. 
 (f) Instructions; Authority to Act. The Custodian shall be
deemed to have received proper instructions with respect to the Receivable Files upon its receipt of written instructions signed by an Authorized Officer of Trustee. A certified copy of excerpts of certain resolutions of the Board of Directors of
Trustee shall constitute conclusive evidence of the authority of any such Authorized Officer to act and shall be considered in full force and effect until receipt by the Custodian of written notice to the contrary given by Trustee. 
 (g) Custodian’s Indemnification. Custodian shall indemnify and hold harmless Trustee, its officers, directors,
employees and agents and the Holders from and against any and all liabilities, obligations, losses, compensatory damages, payments, costs or expenses (including legal fees if any) of any kind whatsoever that may be imposed on, incurred or asserted
against Trustee or the Holders as the result of any act or omission of Custodian relating to the maintenance and custody of the Receivable Files; provided that the Custodian shall not be liable hereunder to the extent that such liabilities,
obligations, losses, compensatory damages, payments, costs or expenses result from the willful misfeasance, bad faith or negligence of Trustee. Indemnification under this Section 2.5(g) shall include reasonable fees and expenses of
counsel and expenses of litigation and shall survive termination of this Agreement and the resignation or removal of Trustee. If Custodian shall have made any indemnity payments to Trustee pursuant to this Section and Trustee thereafter shall
collect any of such 

  

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amounts from Persons other than Custodian, Trustee shall immediately upon receipt thereof repay such amounts to Custodian, without interest. 
 (h) Effective Period and Termination. Servicer’s appointment as Custodian shall become effective as of the
Cutoff Date and shall continue in full force and effect until terminated pursuant to this subsection (h). If Servicer shall resign as Servicer in accordance with Section 7.5 or if all of the rights and obligations of Servicer
shall have been terminated under Section 8.1, the appointment of Servicer as Custodian hereunder may be terminated by Trustee or by the Majority Holders, in the same manner as Trustee or such Holders may terminate the rights and
obligations of Servicer under Section 8.1. Trustee may terminate Servicer’s appointment as Custodian hereunder at any time with cause, or with 30 days’ prior written notice without cause, upon written notification to Servicer.
As soon as practicable after any termination of such appointment Servicer shall deliver, or cause to be delivered, the Receivable Files to Trustee, Trustee’s agent or Trustee’s designee at such place or places as Trustee may reasonably
designate. Notwithstanding any termination of Servicer as Custodian hereunder (other than in connection with a termination resulting from the termination of Servicer, as such, pursuant to Section 8.1), from and after the date of such
termination, and for so long as Servicer is acting as such pursuant to this Agreement, Trustee shall provide, or cause the successor Custodian to provide, access to the Receivable Files to Servicer, at such times as Servicer shall reasonably
request, for the purpose of carrying out its duties and responsibilities with respect to the servicing of the Receivables hereunder. 
 (i) Delegation. Custodian may, at any time without notice or consent, delegate any or all of its duties to the Transferor; provided that no such delegation shall relieve Custodian of its responsibility
with respect to such duties and Custodian shall remain obligated and liable to Trustee and the Holders for its duties hereunder as if Custodian alone were performing such duties. 
 ARTICLE III 
 ADMINISTRATION AND SERVICING OF TRUST PROPERTY. 
 Section 3.1 Duties of Servicer. (a) Servicer is hereby authorized to act as agent for the Trust and in such capacity
shall manage, service, administer and make collections on the Receivables (other than Purchased Receivables), and perform the other actions required by Servicer under this Agreement, with reasonable care. Without limiting the standard set forth in
the preceding sentence, Servicer shall use a degree of skill, attention and care that is not less than Servicer exercises with respect to comparable Motor Vehicle Loans that it services for itself or others and that is consistent with prudent
industry standards. Servicer’s duties shall include the collection and posting of all payments, responding to inquiries by obligors on the Receivables, or by federal, state or local governmental authorities, investigating delinquencies, sending
payment coupons or monthly invoices to Obligors, reporting required tax information to Obligors, accounting for Collections, monitoring the status of Physical Damage Insurance Policies with respect to the Financed Vehicles as provided in
Section 3.4(a), furnishing monthly 

  

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and annual statements to Trustee with respect to distributions, providing collection and repossession services in the event of Obligor default and performing
the other duties specified herein. Servicer shall also administer and enforce all rights and responsibilities of the holder of the Receivables provided for in the Physical Damage Insurance Policies as provided in Section 3.4(b) and the
Dealer Agreements. Without limiting the generality of the foregoing, Servicer is hereby authorized and empowered by Trustee to execute and deliver, on behalf of itself, the Trust, Trustee and the Holders, any and all instruments of satisfaction or
cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Receivables or to the Financed vehicles, all in accordance with this Agreement; provided that notwithstanding the foregoing,
Servicer shall not, except pursuant to an order from a court of competent jurisdiction, release an Obligor from payment of any unpaid amount under any Receivable or waive the right to collect the unpaid balance of any Receivable from the Obligor,
except in connection with a de minimis deficiency which Servicer would not attempt to collect in accordance with its customary procedures. If Servicer shall commence a legal proceeding to enforce a Receivable, Trustee shall thereupon be deemed to
have automatically assigned such Receivable to Servicer, which assignment shall be solely for purposes of collection. Trustee shall furnish Servicer with any powers of attorney and other documents or instruments necessary or appropriate to enable
Servicer to carry out its servicing and administrative duties hereunder. 
 (b) Servicer may, at any time
without notice (except that Servicer shall give written notice to each Rating Agency of any delegation outside the ordinary course of business of the substantial portion of its servicing business) or consent, delegate specific duties to
subcontractors who are in the business of performing such duties; provided that no such delegation shall relieve Servicer of its responsibility with respect to such duties and Servicer shall remain obligated and liable to Trustee and the
Holders for servicing and administering the Receivables in accordance with this Agreement as if Servicer alone were performing such duties. 
 Section 3.2 Collection of Receivable Payments. (a) Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Receivables as and when the same
shall become due, and otherwise act with respect to the Receivables, the Physical Damage Insurance Policies, the Dealer Agreements and the other Trust Property in such manner as will, in the reasonable judgment of Servicer, maximize the amount to be
received by the Trust with respect thereto, in accordance with the standard of care required by Section 3.1. Servicer shall be entitled to amend or modify any Receivable in accordance with its customary procedures if Servicer believes in
good faith that such amendment or modification is in the best interests of the Trust; provided that Servicer may not, unless ordered by a court of competent jurisdiction or otherwise required by applicable law, (i) extend a Receivable
beyond the Final Scheduled Maturity Date, or (ii) reduce the Principal Balance or Contract Rate of any Receivable. If Servicer fails to comply with the provisions of the preceding sentence, Servicer shall be required to purchase the Receivable
or Receivables affected thereby, for the Purchase Amount, in the manner specified in Section 3.7 as of the last day of the Collection Period in which such failure occurs. Servicer may, in its discretion (in accordance with its customary
standards, policies and procedures), waive any prepayment charge, late payment charge, extension fee or any other fee that may be collected in the ordinary course of servicing a Receivable. 
  

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 (b) If in the course of collecting payments under the Receivables,
Servicer determines to set off any obligation of Servicer to an Obligor against an amount payable by the Obligor with respect to such Receivable, Servicer shall deposit the amount so set off in the Collection Account, no later than the close of
business on the Deposit Date for the Collection Period in which the set-off occurs. All references herein to payments or Liquidation Proceeds collected by Servicer shall include amounts set-off by Servicer. 
 Section 3.3 Realization upon Receivables. On behalf of the Trust, Servicer shall charge off a Receivable as a Defaulted
Receivable in accordance with its customary standards (and, in no event later than          days after a Receivable shall have become delinquent) and shall use reasonable efforts to repossess and
liquidate the Financed Vehicle securing any Defaulted Receivable as soon as feasible after default, in accordance with the standard of care required by Section 3.1. In taking such action, Servicer shall follow such customary and usual
practices and procedures as it shall deem necessary or advisable in its servicing of Motor Vehicle Loans, and as are otherwise consistent with the standard of care required under Section 3.1, which shall include exercising any rights
under the Dealer Agreements and selling the Financed Vehicle at public or private sale. Servicer shall be entitled to recover all reasonable expenses incurred by it in the course of repossessing and liquidating a Financed Vehicle into cash proceeds
or pursuing any deficiency claim against the related Obligor, but only out of the cash proceeds of such Financed Vehicle or any deficiency obtained from the Obligor. The foregoing shall be subject to the provision that, in any case in which a
Financed Vehicle shall have suffered damage, Servicer shall not expend funds in connection with the repair or the repossession of such Financed Vehicle unless it shall determine in its discretion that such repair and/or repossession will increase
the Liquidation Proceeds of the related Receivable by an amount equal to or greater than the amount of such expenses. 
 If
Servicer elects to commence a legal proceeding to enforce a Dealer Agreement, the act of commencement shall be deemed to be an automatic assignment from Trustee to Servicer of the rights under such Dealer Agreement. If, however, in any enforcement
suit or legal proceeding, it is held that Servicer may not enforce a Dealer Agreement on the grounds that it is not a real party in interest or a Person entitled to enforce the Dealer Agreement, Trustee, on behalf of the Trust, at Servicer’s
expense, shall take such steps as Servicer deems necessary to enforce the Dealer Agreement, including bringing suit in its name or the names of the Holders. 
 Section 3.4 Physical Damage Insurance. The Receivables require that each Financed Vehicle be insured under a Physical Damage Insurance Policy. Servicer, in accordance with its
customary servicing procedures and underwriting standards shall require that each Obligor shall have obtained and shall maintain Physical Damage Insurance covering the related Financial Vehicle as of the execution of the Receivable. 
 Section 3.5 Maintenance of Security Interests in Financed Vehicles. Servicer, in accordance with the standard of care
required under Section 3.1, shall take such reasonable steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle for the benefit of the Trust. Trustee, on behalf of
the Trust, hereby authorizes Servicer, and Servicer hereby agrees, to take such reasonable steps as are necessary to re-perfect such security interest on behalf of the Trust in the event Servicer receives 

  

 28 

 
notice of the relocation of a Financed Vehicle. If there has been a Servicer Termination Event, upon the request of Trustee, Servicer, at its expense, shall
promptly and duly execute and deliver such documents and instruments, and take such other reasonable actions as may be necessary, as evidenced by an Opinion of Counsel delivered to Trustee to perfect the Trust’s interest in the Trust Property
against all other Persons, including the delivery of the Receivables and the Receivable Files to Trustee, its agent, or its designee, the endorsement and delivery of the Physical Damage Insurance Policies or the notification of the insurers
thereunder, the execution of transfer instruments, and the endorsement to Trustee and the delivery of the certificates of title to the Financed Vehicles to the appropriate department or departments of motor vehicles (or other appropriate
governmental agency). 
 Section 3.6 Covenants of Servicer. Servicer makes the following covenants on which
Trustee relies in accepting the Trust Property in trust and in executing and authenticating the Certificates: 
 (a) Security Interest to Remain in Force. Servicer shall not release any Financed Vehicle from the security interest granted by the related Receivable in whole or in part, except upon payment in full of the Receivable or as otherwise
contemplated herein. 
 (b) No Impairment. Servicer shall not impair in any material respect the rights
of the Holders in the Receivables, the Dealer Agreements or the Physical Damage Insurance Policies or, subject to clause (c), otherwise amend or alter the terms thereof if, as a result of such amendment or alteration, the interests of the
Trust and the Holders hereunder would be materially adversely affected. 
 (c) Amendments. Servicer
shall not amend or otherwise modify any Receivable (including the grant of any extension thereunder), except in accordance with Section 3.2. 
 Section 3.7 Purchase by Servicer upon Breach. Seller, Servicer or Trustee, as the case may be, shall inform the other parties promptly, in writing, upon the discovery of any breach by Servicer of its
covenants under Section 3.5 or 3.6; provided that the failure to give such notice shall not affect any obligation of Servicer. Unless the breach shall have been cured by the last day of the Collection Period which includes
the 60th day (or the 30th day, if Servicer so elects) after the date on which Servicer becomes aware of, or receives written notice of, such breach, and such breach or failure materially and adversely affects the interests of Trustee and the Holders
in any Receivable, Servicer shall purchase such Receivable from Trustee as of the last day of the Collection Period at a purchase price equal to the Purchase Amount for such Receivable as of the last day of such Collection Period; provided
that in the case of a breach of the covenant contained in Section 3.6(c), Servicer shall be obligated to purchase the affected Receivable or Receivables on the Deposit Date immediately succeeding the Collection Period during which
Servicer becomes aware of, or receives written notice of, such breach. Notwithstanding the foregoing, any such breach or failure with respect to the covenants contained in Sections 3.5 and 3.6 will not be deemed to have such a material
and adverse effect with respect to a Receivable if the facts resulting in such breach or failure do not affect the ability of the Trust to receive and retain payment in full on such Receivable. In consideration of 

  

 29 

 
the purchase of a Receivable hereunder, Servicer shall remit the Purchase Amount of such Receivable in the manner specified in Section 4.4. The
sole remedy of the Trust, Trustee or the Holders against Servicer with respect to a breach pursuant to Section 3.5 or 3.6 shall be to require Servicer to repurchase Receivables pursuant to this Section. 
 Section 3.8 Servicing Compensation. The servicing fee for (a) the
             20     Distribution Date shall equal $             and (b) for each
Distribution Date thereafter shall equal the product of (i) one-twelfth, (ii) the Servicing Fee Rate and (iii) the Pool Balance as of the opening of business on the first day of the related Collection Period (the “Servicing
Fee”). Servicer shall also be entitled to retain any late fees, extension fees, prepayment charges (including, in the case of any Rule of 78’s Receivable or Sum of Periodic Balances Receivable that is prepaid in full, amounts received
in excess of the outstanding Principal Balance of such Receivable and accrued interest thereon calculated as if such Receivable were an Actuarial Receivable) and certain non-sufficient funds charges and other administrative fees or similar charges
allowed by applicable law with respect to Receivables collected (from whatever source) on the Receivables and shall be paid any interest earned on deposits in the Accounts (the “Supplemental Servicing Fee”). It is understood and
agreed that Available Interest or Available Principal shall not include any amounts retained by Servicer which constitute Supplemental Servicing Fees. The Servicing Fee in respect of a Collection Period (together with any portion of the Servicing
Fee that remains unpaid from prior Distribution Dates), if the Rating Agency Condition is satisfied, may be paid at the beginning of such Collection Period out of Collections for such Collection Period. As provided in Section 4.5, as
additional compensation, Servicer shall be entitled to receive on each Distribution Date, any Additional Servicing for such Distribution Date. 
 Section 3.9 Servicer’s Report. (a) On each Determination Date, Servicer shall deliver to Trustee, each Paying Agent and Seller, with a copy to the Rating Agencies, a Servicer’s Report
substantially in the form of Exhibit C (a “Servicer’s Report”) containing, among other things, (i) all information necessary to make the deposits, transfers and distributions required by Sections 4.4,
4.5 and 4.6, (ii) all information necessary for sending statements to Holders pursuant to Section 4.7, (iii) all information necessary to prepare the certificate described in Section 9.3, (iv) all
information necessary to determine if there has been a Servicer Termination Event under Section 8.1, and (v) all information necessary to reconcile all deposits to, and withdrawals from, the Collection Account for such Distribution
Date and the related Collection Period. Servicer also shall separately identify (by account number of the Receivable as it appears in the Schedule of Receivables) to Trustee in a written notice or a list in computer readable form the Receivables to
be purchased by Servicer, as the case may be, on the related Deposit Date, and each Receivable which became a Defaulted Receivable during the related Collection Period. 
 (b) Servicer shall provide Trustee with a database file for the Receivables at or prior to the Closing Date (but with
information as of the close of business on the Cutoff Date). 
 Section 3.10 Annual Statement as to Compliance. (a) The Servicer will deliver to the Trustee and each Rating Agency, on or before March 30th of each year, beginning on 

  

 30 

 
March 30, [ ], an Officer’s Certificate (with appropriate insertions) providing such information as is required under Item 1123 of Regulation
AB. 
 (b) Servicer shall deliver to Trustee and each Rating Agency, promptly after having obtained knowledge
thereof, but in no event later than five Business Days thereafter, written notice in an Officer’s Certificate of any event which constitutes, or with the giving of notice or lapse of time or both, would become, a Servicer Termination Event
under Section 8.1. 
 (c) The Servicer will
deliver to the Trustee, on or before March 30th of each year, beginning on [    ], a report regarding 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 Servicer, as required under paragraph (b) of Rule 13a-18, Rule 15d-18 of the
Exchange Act and Item 1122 of Regulation AB. 
 Section 3.11 Annual Registered Public Accounting Firm
Attestation Report. On or before the 90th day following the end of each fiscal year, beginning with the fiscal year ending December 31, [            ], Servicer shall cause a firm
of nationally recognized independent public accountants (who may also render other services to Servicer, Seller or their respective Affiliates) to furnish to the Trustee, Servicer, Seller and each Rating Agency each attestation report on assessments
of compliance with the Servicing Criteria with respect to 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 motor vehicle
receivables, or which comply with any rule, regulation, “no action” letter or similar guidance promulgated by the Commission. 
 Such report will also indicate that the firm is independent of Servicer within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants. 
 Section 3.12 Access to Certain Documentation and Information Regarding Receivables. Servicer shall provide Trustee and the
Holders with access to the Receivable Files (in the case of the Holders, only in such cases where it shall be required by applicable statutes or regulations to give access to such documentation as demonstrated by evidence satisfactory to Servicer in
its reasonable judgment). Such access shall be afforded without charge, but only upon reasonable request and during normal business hours at the offices of Servicer. Nothing in this Section shall affect the obligation of Servicer to observe any
applicable law prohibiting disclosure of information regarding the Obligors, and the failure of Servicer to provide access to information as a result of such obligation shall not constitute a breach of this Section. Any Holder, by its acceptance of
a Certificate, shall be deemed to have agreed to keep any information obtained by it pursuant to this Section confidential and not to use such information for any other purpose, except as required by applicable law. 
  

 31 

 Section 3.13 Reports to the Commission. Servicer shall, on behalf of the
Trust, cause to be filed with the Commission any periodic reports required to be filed under the provisions of the Exchange Act, and the rules and regulations of the Commission thereunder. 
 Section 3.14 Reports to the Rating Agency. Servicer shall deliver to each Rating Agency a copy of all reports or notices
furnished or delivered pursuant to this Article and a copy of any amendments, supplements or modifications to this Agreement and any other information reasonably requested by such Rating Agency to monitor this transaction. 
 Section 3.15 Servicer Expenses. Servicer shall be required to pay all expenses incurred by it in connection with its
activities hereunder, including fees and disbursements of the Trustee, independent accountants, taxes imposed on Servicer and expenses incurred in connection with distributions and reports to Holders. 
 ARTICLE IV 
 DISTRIBUTIONS; RESERVE ACCOUNT;
STATEMENTS TO HOLDERS. 
 Section 4.1 Establishment of Accounts. (a) Trustee, on behalf of the Trust and for
the benefit of the Holders, shall establish and maintain in the name of Trustee one or more segregated Eligible Deposit Accounts (collectively, the “Collection Account”), bearing a designation clearly indicating that the funds
deposited therein are held for the benefit of the Holders. Trustee, on behalf of the Trust and for the benefit of the Class A Holders, shall establish and maintain in the name of Trustee an Eligible Deposit Account (the “Class A
Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Class A Holders. Trustee, on behalf of the Trust and for the benefit of the Class B Holders, shall
establish and maintain in the name of Trustee an Eligible Deposit Account (the “Class B Distribution Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Class B
Holders. Trustee on behalf of the Trust and for the benefit of the Holders, shall establish and maintain in the name of Trustee an Eligible Deposit Account (the “Payahead Account”), bearing a designation clearly indicating that the
funds therein are held for the benefit of the Holders. The Collection Account, the Class A Distribution Account, the Class B Distribution Account, and the Payahead Account shall be initially established and maintained with the trust department
of Trustee. 
 (b) Funds on deposit in the Collection Account, the Class A Distribution Account, the
Class B Distribution Account, and the Payahead Account shall be invested by Trustee in Eligible Investments selected by Servicer (pursuant to standing instructions or otherwise) and confirmed in writing by Servicer to Trustee; provided that,
it is understood and agreed that neither Servicer nor Trustee shall be liable for any loss arising from such investment in Eligible Investments. All such Eligible Investments shall be held by Trustee for the benefit of the beneficiaries of the
applicable Account; provided that on each Distribution Date all interest and other investment income (net of losses and investment expenses) on funds on deposit therein shall be withdrawn from the Accounts at the written direction of Servicer
and shall be paid to Servicer and shall not be available or otherwise subject to any claims or rights of the Holders. 

  

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Other than as permitted by each Rating Agency, funds on deposit in the Accounts with respect to any Collection Period or Distribution Date shall be invested
only in Eligible Investments that, except for money market funds, will mature so that such funds will be available at the close of business on the related Deposit Date. Funds deposited in an Account on a Deposit Date which immediately precedes a
Distribution Date upon the maturity of any Eligible Investments are not required to be (but may be) invested overnight. No Eligible Investment with a stated maturity shall be disposed of prior to that maturity unless a default occurs with respect to
that Eligible Investment and Servicer directs Trustee in writing to dispose of it. 
 (c) Trustee shall
possess all right, title and interest in all funds on deposit from time to time in the Accounts and in all proceeds thereof (excluding all income thereon) and all such funds, investments and proceeds shall be part of the Trust Property. The Accounts
shall be under the sole dominion and the exclusive custody and control of Trustee, and Trustee shall have sole signature authority with respect thereto. If, at any time, any of the Accounts ceases to be an Eligible Deposit Account, Trustee (or
Servicer on its behalf) shall within 10 Business Days (or such longer period as to which each Rating Agency may consent) establish a new Account as an Eligible Deposit Account and shall transfer any cash and/or any investments that are in the
existing Account which is no longer an Eligible Deposit Account to such new Account. 
 Section 4.2 Collections.
(a) Subject to the provisions of the succeeding sentence and of subsections (b) and (c), Servicer shall remit to the Collection Account all payments (other than amounts constituting Supplemental Servicing Fees) by or on
behalf of the Obligors on the Receivables, including all Liquidation Proceeds received by Servicer during any Collection Period, as soon as practicable, but in no event after the close of business on the second Business Day, after identification
thereof. Subject to the provisions of subsections (b) and (c), on the Closing Date, Servicer shall deposit in the Collection Account all payments by or on behalf of the Obligors on the Receivables received by Servicer after the
Cutoff Date and on or prior to the second Business Day immediately preceding the Closing Date. 
 (b)
Notwithstanding the provisions of subsection (a), if the Ohio Bank is the Servicer and (i) [            ] shall have the Required Rating or (ii) Trustee otherwise shall
have received written notice from each of the Rating Agencies that the then outstanding rating on the Class A Certificates and the Class B Certificates would not be lowered or withdrawn as a result, Servicer may deposit all amounts referred to
in subsection (a) for any Collection Period into the Collection Account not later than the close of business on the Deposit Date with respect to such Collection Period; provided that if (x) a Servicer Termination Event has
occurred and is continuing, (y) Servicer has been terminated as such pursuant to Section 8.1 or (z) [            ] ceases to have the Required Rating, Servicer shall
deposit such amounts (including any amounts then being held by Servicer) into the Collection Account as provided in Section 4.2(a). Notwithstanding the foregoing, the provisions of the proviso to the preceding sentence shall not be
applicable to a successor Servicer solely by reason of the 

  

 33 

 
occurrence of an event specified in clauses (x), (y) and (z) of such proviso with respect to the outgoing Servicer. Pending
the deposit of the amounts referred to in subsection (a) into the Collection Account, such amounts may be employed by Servicer at its own risk and for its own benefit and need not be segregated from Servicer’s own funds. Any losses
resulting from Servicer’s actions shall be borne exclusively by Servicer. Servicer shall promptly notify Trustee in writing if [            ] shall obtain or lose the Required Rating.

 (c) Notwithstanding the provisions of subsections (a) and (b), Servicer may retain, or
will be entitled to be reimbursed, from amounts otherwise payable into, or on deposit in, the Collection Account with respect to a Collection Period any amounts previously deposited in the Collection Account but later determined to have resulted
from mistaken deposits or postings or checks returned for insufficient funds, in each case, with respect to which Servicer has not been previously reimbursed hereunder. The amount to be retained or reimbursed hereunder shall not be included in
Collections with respect to the related Distribution Date. 
 (d) With respect to each Precomputed Receivable,
collections and payments by or on behalf of an obligor (other than any amounts constituting Supplemental Servicing Fees) for each Collection Period shall be applied to the scheduled payment on such Precomputed Receivable for such Collection Period.

 To the extent such collections and payments on a Precomputed Receivable during a Collection Period exceed the scheduled payment on such
Precomputed Receivable and are insufficient to prepay the Precomputed Receivable in full, collections shall be treated as Payaheads until such later Collection Period as such Payaheads may be transferred to the Collection Account and applied either
to the scheduled payments due or to prepay the Precomputed Receivable in full in accordance with Section 4.5. 
 Section 4.3 [RESERVED]. 
 Section 4.4 Additional Deposits; Net Deposits. (a) On or
prior to each Deposit Date, Servicer shall remit to the Collection Account, in next-day or immediately available funds, the aggregate Purchase Amounts of the Receivables to be purchased by it under an obligation that arose during the preceding
Collection Period pursuant to Section 2.4, 3.7 or 10.2, respectively. 
 (b)
Servicer may make the remittances to be made by it pursuant to this Article IV net of amounts to be distributed to it pursuant to Section 4.5 (but subject to the priorities set forth therein), for so long as (i) no Servicer
Termination Event has occurred and is continuing and (ii) Servicer has not been terminated as such pursuant to Section 8.1; provided that Servicer shall account for all of such amounts in the related Servicer’s Report as
if such amounts were deposited and distributed separately; and provided that, if an error is made by Servicer in calculating the amount to be deposited or retained by it and a shortfall in the amount deposited in the Collection Account
results, Servicer shall make a 

  

 34 

 
payment of the deficiency to the Collection Account, immediately upon becoming aware, or receiving notice from Trustee, of such error. 
 Section 4.5 Distributions. (a) On each Determination Date, Servicer shall calculate all amounts required to determine
the amounts to be deposited on the related Distribution Date in the Class A Distribution Account and the Class B Distribution Account which calculations shall be set forth in the Servicer’s Report delivered to Trustee on or before such
Determination Date. 
 (b) On or before each Distribution Date, Servicer shall instruct Trustee in writing
(based on the information contained in Servicer’s Report delivered on the related Determination Date pursuant to Section 3.9) to, and the Trustee shall: 
 (i) withdraw from the Payahead Account and deposit in the Collection Account, in immediately available funds, (x) with respect to each Precomputed Receivable for which the payments made by
or on behalf of the obligor for the related Collection Period are less than the scheduled payment for the related Collection Period, the amount of Payaheads, if any, made with respect to such Receivable which, when added to the amount of such
payments, is equal to the amount of such scheduled payment, (y) with respect to each Precomputed Receivable for which prepayments insufficient to prepay the Receivable in full have been made by or on behalf of the Obligor for the related
Collection Period, the amount of Payaheads, if any, made with respect to such Receivable which, when added to the amount of such prepayments, is equal to an amount sufficient to prepay such Receivable in full, and (z) the amount of all
Payaheads, if any, made with respect to any Purchased Receivable; and 
 (ii) withdraw from the Collection Account and deposit
in the Payahead Account (or receive from Servicer, which will remit to the Trustee for deposit in the Payahead Account, as the case may be), in immediately available funds, the aggregate amount of collections on Precomputed Receivables treated as
Payaheads pursuant to Section 4.2 for the Collection Period related to such Distribution Date. 
 (c) On each Distribution Date, based on the related Servicer’s Report, Trustee will make the following deposits and distributions from the Collection Account by
                     a.m. (            ,
             time), to the extent of the sum of Available Interest and any Available Reserve Amount (and, in the case of shortfalls in the Class A Interest Distributable Amount
occurring under clause (ii), the Class B Percentage of Available Principal to the extent of such shortfalls), in the following priority: 
 (i) to Servicer, any unpaid Servicing Fee for the related Collection Period and all unpaid Servicing Fees from prior Collection Periods; 
  

 35 

 (ii) to the Class A Distribution Account, the Class A Interest Distributable
Amount for such Distribution Date; and 
 (iii) to the Class B Distribution Account, the Class B Interest Distributable Amount
for such Distribution Date. 
 On each Distribution Date, based on the related Servicer’s Report, Trustee will make the following
deposits and distributions, to the extent of the portion of Available Principal, Available Interest and Available Reserve Amount remaining after the application of clauses (i), (ii) and (iii), in the following priority:

 (i) to the Class A Distribution Account, the Class A Principal Distributable Amount for such Distribution Date;

 (ii) to the Class B Distribution Account, the Class B Principal Distributable Amount for such Distribution Date;

 (iii) to the Reserve Account, any amounts remaining, until the amount on deposit in the Reserve Account equals the
Specified Reserve Account Balance; 
 (iv) to Servicer, the Additional Servicing for such Distribution Date; and 

(v) to the Transferor, any amounts remaining. 
 (d) On each Distribution Date, all amounts on deposit in the Class A Distribution Account will be distributed to the Class A Holders (determined as of the related Record Date) by
Trustee and all amounts on deposit in the Class B Distribution Account will be distributed to the Class B Holders (determined as of the related Record Date) by Trustee. Except as provided in Section 10.1, payments under this paragraph
shall be made to the Holders by check mailed by Trustee to each Holder’s respective address of record (or, in the case of Certificates registered in the name of a Clearing Agency, or its nominee, by wire transfer of immediately available
funds). To the extent that Trustee is required to wire funds to the Holders from the Class A Distribution Account or the Class B Distribution Account, as applicable, it shall request the bank maintaining the Class A Distribution Account or
the Class B Distribution Account, as applicable, to make a wire transfer of the amount to be distributed and the bank maintaining the Class A Distribution Account or the Class B Distribution Account, as applicable, shall promptly deliver to
Trustee a confirmation of such wire transfer. To the extent that Trustee is required to make payments to Holders by check hereunder, it shall request the bank maintaining the Class A Distribution Account or the Class B Distribution Account, as
applicable, to provide it with a supply of checks to make such payments. The bank shall, if a request is made by Trustee for a wire transfer by
                     a.m.
(                    , time) on any Distribution Date, wire such funds in accordance with such instructions by
                     a.m.
(                    , time) on such Distribution Date, and 

  

 36 

 
it will otherwise act in compliance with the provisions of this paragraph and the other provisions of this Agreement applicable to it as the bank maintaining
the Class A Distribution Account or the Class B Distribution Account, as applicable. Servicer shall take all necessary action (including requiring an agreement to such effect) to ensure that any bank maintaining the Class A Distribution
Account or the Class B Distribution Account, as applicable, agrees to comply, and complies, with the provisions of this paragraph and the other provisions of this Agreement applicable to it as the bank maintaining the Class A Distribution
Account or the Class B Distribution Account, as applicable. 
 Section 4.6 Reserve Account. (a) Servicer
shall establish and maintain in the name of the Trustee an Eligible Deposit Account (the “Reserve Account”). The Reserve Account shall be initially established and maintained with the Trustee (the “Securities
Intermediary”). On the Closing Date, Servicer shall deposit or cause to be deposited in the Reserve Account an amount equal to the Reserve Account Initial Deposit. 
 (b) Trustee shall, at the written direction of Administrator, direct the Securities Intermediary to invest funds on
deposit in the Reserve Account in Eligible Investments selected by Administrator and confirmed in writing by Administrator to Trustee; provided that it is understood and agreed that none of Trustee, Securities Intermediary or Administrator
shall be liable for any loss arising from such investment in Eligible Investments. Funds on deposit in the Reserve Account shall be invested in Eligible Investments that will mature so that all such funds will be available at the close of business
on each Deposit Date; provided that to the extent permitted by the Rating Agencies following written request by Administrator, funds on deposit in the Reserve Account may be invested in Eligible Investments that mature later than the next
Deposit Date. Funds deposited in the Reserve Account on a Deposit Date upon the maturity of any Eligible Investments are not required to be (but may be) invested overnight. 
 (c) On each Distribution Date, any amounts on deposit in the Collection Account with respect to the preceding Collection
Period after payments to Servicer, the Class A Distribution Account and the Class B Distribution Account have been made will be deposited into the Reserve Account until the amount of the Reserve Account is equal to the Specified Reserve Account
Balance. 
 (d) The Reserve Account shall be under the sole custody and control of Trustee. If, at any time,
the Reserve Account ceases to be an Eligible Deposit Account, Trustee shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Reserve Account as an Eligible
Deposit Account and shall transfer any cash and/or any investments that are in the existing account which is no longer an Eligible Deposit Account to such new Reserve Account. 
 (e) On each Distribution Date, the amount available in the Reserve Account (the “Available Reserve
Amount”) will equal the lesser of (i) the amount 

  

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on deposit in the Reserve Account (exclusive of investment earnings) and (ii) the Specified Reserve Account Balance. On each Deposit Date, Trustee will
withdraw funds from the Reserve Account to the extent that (A) the sum of the amounts required to be distributed to Holders and the accrued and unpaid Servicing Fees payable to Servicer on such Distribution Date exceeds (B) the amount on
deposit in the Collection Account with respect to the preceding Collection Period (net of net investment income). The aggregate amount to be withdrawn from the Reserve Account on any Deposit Date shall not exceed the Available Reserve Amount with
respect to the related Distribution Date. Trustee will deposit the proceeds of such withdrawal into the Collection Account on or before such Distribution Date with respect to which such withdrawal was made. 
 (f) Amounts on deposit in the Reserve Account will be released to Transferor on each Distribution Date to the extent that
the amount credited to the Reserve Account would exceed the Specified Reserve Account Balance. Upon any distribution to Transferor of amounts from the Reserve Account, the Holders will not have any rights in, or claims to, such amounts. Amounts
distributed to Transferor from the Reserve Account in accordance with this Section shall not be available under any circumstances to the Trust, Trustee or the Holders and Transferor shall in no event thereafter be required to refund any such
distributed amounts. 
 (g) Investment earnings attributable to the Reserve Account Property and proceeds
therefrom shall be held by Trustee for the benefit of Transferor. Investment earnings attributable to the Reserve Account Property shall not be available to pay the distributions provided for in Section 4.5 and shall not otherwise be
subject to any claims or rights of the Holders or Servicer. Trustee shall cause all investment earnings attributable to the Reserve Account to be distributed on each Distribution Date to Transferor. 
 (h) Transferor may at any time, without consent of Holders, sell, transfer, convey or assign in any manner its rights to
and interests in distributions from the Reserve Account provided that (i) the Rating Agencies confirm in writing that such action will not result in a reduction or withdrawal of the rating of the Class A Certificates or the Class B
Certificates, (ii) Transferor provides to Trustee an Opinion of Counsel from independent counsel that such action will not cause Trust to be classified as an association (or publicly traded partnership) taxable as a corporation for federal
income tax purposes and (iii) such transferee or assignee agrees in writing to take positions for federal income tax purposes consistent with the federal income tax positions agreed to be taken by Transferor. 
 Section 4.7 Statements to Holders. On each Distribution Date, Servicer shall provide to Trustee (with a copy to each Rating
Agency) written instructions for Trustee to forward to each Holder of record a statement setting forth at least the following information as to the Certificates to the extent applicable: 
  

 38 

 (a) the amount of the distribution allocable to principal on the
Class A Certificates and the Class B Certificates; 
 (b) the amount of the distribution allocable to
interest on the Class A Certificates and the Class B Certificates; 
 (c) the amount of the Servicing Fee
paid to Servicer with respect to the related Collection Period; 
 (d) the Class A Certificate Balance,
the Class A Pool Factor, the Class B Certificate Balance and the Class B Pool Factor as of such Distribution Date, after giving effect to payments allocated to principal reported under clause (a); 
 (e) the Pool Balance as of the close of business on the last day of the preceding Collection Period; 
 (f) the amount of Defaulted Receivables and Liquidation Proceeds, if any, for such Collection Period; 
 (g) the aggregate Purchase Amount of Receivables purchased by Servicer with respect to the related Collection Period;

 (h) the Class A Interest Carryover Shortfall, the Class B Interest Carryover Shortfall, the
Class A Principal Carryover Shortfall and the Class B Principal Carryover Shortfall, if any, in each case as applicable to each of the Class A Certificates and the Class B Certificates, and the change in such amounts from the preceding
statement; 
 (i) the balance of the Reserve Account on such Distribution Date, after giving effect to changes
therein on such Distribution Date; 
 (j) the Specified Reserve Account Balance as of the close of business on
such Distribution Date; and 
 (k) the number, and aggregate principal amount outstanding, of Receivables past
due 31-60, 61-90 and over 90 days. 
 Each amount set forth pursuant to clauses (a), (b) and (h) shall be
expressed in the aggregate and as a dollar amount per $1,000 of original denomination of a Certificate. 
 Within a
reasonable period of time after the end of each calendar year, but not later than the latest date permitted by law, Servicer shall furnish a report to the Trust and Trustee shall furnish, or cause to be furnished, to each Person who at any time
during such calendar year shall have been a Holder, a statement based upon such report as to the sum of the amounts determined in clauses (a) and (b) above for such calendar year, or, in the event such Person shall have been
a Holder during a portion of such calendar year, for the applicable portion of such year, and such other information as is available to Servicer as Servicer deems necessary or desirable to enable the Holders to prepare their federal income tax
returns. The obligation of the 

  

 39 

 
Trustee set forth in this paragraph shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided pursuant
to any requirement of the Code. 
 ARTICLE V 
 THE CERTIFICATES. 
 Section 5.1 The Certificates. Trustee shall, upon written
order or request signed in the name of Seller by one of its officers authorized to do so and delivered to an Authorized Officer of Trustee, execute on behalf of the Trust, authenticate and deliver the Certificates to or upon the order of Seller in
the aggregate principal amount and denominations as set forth in such written order or request. The Certificates shall be issuable in denominations of $1,000 and integral multiples thereof; provided that one Class A Certificate and one
Class B Certificate may be issued in a denomination that represents the residual amount of the original Class A Certificate Balance and the Original Class B Certificate Balance, respectively. Upon initial issuance, the Class A Certificates
and the Class B Certificates shall be in the form of Exhibit A and Exhibit B, respectively, which are incorporated by reference herein, and shall be issued as provided in Section 5.8, in an aggregate amount equal to the
Original Class A Certificate Balance and the Original Class B Certificate Balance, respectively. The Certificates shall be executed by Trustee on behalf of the Trust by manual or facsimile signature of an Authorized Officer of Trustee under
Trustee’s seal imprinted thereon and attested by the manual or facsimile signature of an Authorized Officer of Trustee. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures shall have
been affixed, authorized to sign on behalf of the Trust, shall be valid and binding obligations of the Trust, notwithstanding that such individuals shall have ceased to be so authorized prior to the authentication and delivery of such Certificates
or did not hold such offices at the date of such Certificates. 
 Section 5.2 Authentication of Certificates. No
Certificate shall entitle the Holder thereof to any benefit under this Agreement, or shall be valid for any purpose, unless there shall appear on such Certificate a certificate of authentication, substantially in the form set forth in the form of
Certificates attached hereto as Exhibit A and Exhibit B, executed by Trustee by manual signature. Such authentication shall constitute conclusive evidence, and the only evidence, that such Certificate has been duly authenticated and
delivered hereunder. All Certificates shall be dated the date of their authentication. 
 Section 5.3 Registration of
Transfer and Exchange of Certificates. Trustee shall maintain, or cause to be maintained, at the office or agency to be maintained by it in accordance with Section 5.7, a Certificate Register in which, subject to such reasonable
regulations as it may prescribe, Trustee shall provide for the registration of Certificates and of transfers and exchanges of Certificates as herein provided. Upon surrender for registration of transfer of any Class A Certificate or Class B
Certificate at such office or agency, Trustee shall execute, authenticate and deliver, in the name of the designated transferee or transferees, one or more new Class A Certificates or Class B Certificates, as the case may be, in authorized
denominations of a like aggregate amount. At the option of a Holder, Class A Certificates or Class B Certificates may be exchanged for other Class A Certificates or Class B Certificates, as the case may be, of authorized denominations of a
like aggregate amount at the office or agency 

  

 40 

 
maintained by Trustee in accordance with Section 5.7. Every Certificate presented or surrendered for registration of transfer or exchange shall
be accompanied by a written instrument of transfer duly executed by the Holder and in a form satisfactory to Trustee. No service charge shall be made for any registration of transfer or exchange of Certificates, but Trustee may require payment of a
sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer or exchange of Certificates. All Certificates surrendered for registration of transfer or exchange shall be cancelled and disposed of in
accordance with the customary procedures of Trustee. 
 The Class B Certificates and any beneficial interest in such Class B
Certificates may not be acquired (a) with the assets of an employee benefit plan (as defined in Section 3(3) of ERISA) that is subject to the provisions of Title I of ERISA, (b) by a plan described in Section 4975(e)(1) of
the Code or (c) by any entity whose underlying assets include plan assets by reason of a plan’s investment in the entity. By accepting and holding a Class B Certificate or interest therein, the Holder thereof or Class B Certificate Owner
thereof shall be deemed to have represented and warranted that it is not subject to the foregoing limitation. 
 The
preceding provisions of this Section 5.3 notwithstanding, Trustee shall not make and need not register any transfer or exchange of Certificates for a period of fifteen (15) days preceding any Distribution Date for any payment with
respect to the Certificates. 
 Section 5.4 Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any
mutilated Class A Certificate or Class B Certificate shall be surrendered to Trustee, or if Trustee shall receive evidence to its satisfaction of the destruction, loss or theft of any Class A Certificate or Class B Certificate and
(b) there shall be delivered to Trustee such security or indemnity as may be required to save Trustee harmless, then in the absence of notice that such Class A Certificate or Class B Certificate shall have been acquired by a bona fide
purchaser, Trustee shall execute, authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Class A Certificate or Class B Certificate, a new Class A Certificate or Class B Certificate of like
tenor and denomination. In connection with the issuance of any new Certificate under this Section 5.4, Trustee may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection
herewith. Any replacement Certificate issued pursuant to this Section 5.4 shall constitute conclusive evidence of ownership in the Trust, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at
any time. 
 Section 5.5 Persons Deemed Owners. Prior to due presentation of a Certificate for registration of
transfer, Trustee may treat the Person in whose name any Certificate shall be registered as the owner of such Certificate for the purpose of receiving distributions pursuant to Section 4.5 and for all other purposes, and Trustee shall
not be bound by any notice to the contrary. 
 Section 5.6 Access to List of Holders’ Names and Addresses.
Trustee shall furnish or cause to be furnished to Servicer, within fifteen days after receipt by Trustee of a request therefor from Servicer in writing, in such form as Servicer may reasonably require, a list of the names and addresses of the
Holders as of the most recent Record Date. If Definitive Certificates have been issued, Trustee, upon written request of (a) three or more Holders or (b)

  

 41 

 
one or more Holders evidencing not less than 25% of the aggregate outstanding principal balance of the Certificates, will, within five Business Days after
the receipt of such request, afford such Holders access during normal business hours to the most current list of Holders for purposes of communicating with other Holders with respect to their rights under the Agreement. Each Holder, by receiving and
holding a Certificate, shall be deemed to have agreed not to hold Seller, Servicer or Trustee accountable by reason of the disclosure of such Holder’s name and address, regardless of the source from which such information was derived.

 Section 5.7 Maintenance of Office or Agency. Trustee shall maintain, or cause to be maintained, at its
expense, in             , an office or agency where Certificates may be surrendered for registration of transfer or exchange and where notices and demands to or upon Trustee in
respect of the Certificates and this Agreement may be served. Trustee initially designates its office located at              for such purposes. Trustee shall give prompt written
notice to Servicer and to Holders of any change in the location of any such office or agency. 
 Section 5.8 Book
Entry Certificates. Upon original issuance, the Class A Certificates and the Class B Certificates, other than the Class A Certificate representing the residual amount of the Original Class A Certificate Balance and the Class B
Certificate representing the residual amount of the Original Class B Certificate Balance, which shall be issued upon the written order of Seller, shall be issued in the form of one or more typewritten Certificates representing the Book Entry
Certificates, to be delivered to the initial Clearing Agency, by, or on behalf of, Seller. Such Certificates shall initially be registered on the Certificate Register in the name of Cede & Co., the nominee of the initial Clearing Agency,
and no Certificate Owner will receive a Definitive Certificate representing such Certificate Owner’s interest in the Class A Certificates or the Class B Certificates, as the case may be, except as provided in Section 5.10.
Unless and until definitive, fully registered Certificates (“Definitive Certificates”) have been issued to the Holders pursuant to Section 5.10: 
 (a) the provisions of this Section 5.8 shall be in full force and effect; 
 (b) Seller, Servicer and Trustee may deal with the Clearing Agency for all purposes (including the making of distributions
on the Certificates and the taking of actions by the Holders) as the authorized representative of the Certificate Owners; 
 (c) to the extent that the provisions of this Section 5.8 conflict with any other provisions of this Agreement, the provisions of this Section 5.8 shall control; 
 (d) the rights of Certificate Owners shall be exercised only through the Clearing Agency and shall be limited to those
established by law, the rules, regulations and procedures of the Clearing Agency and agreements between such Certificate Owners and the Clearing Agency and all references in this Agreement to actions by Holders shall refer to actions taken by the
Clearing Agency upon instructions from the Clearing Agency Participants, and all references in this Agreement to distributions, notices, reports and statements to Holders shall refer to distributions, notices, reports and statements to the Clearing
Agency or its 

  

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nominee, as registered holder of the Certificates, as the case may be, for distribution to Certificate Owners in accordance with the rules, regulations and
procedures of the Clearing Agency; and 
 (e) pursuant to the Depository Agreement, the initial Clearing
Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest on the Certificates to the Clearing Agency Participants, for distribution by such Clearing Agency
Participants to the Certificate Owners or their nominees. 
 For purposes of any provision of this Agreement requiring or
permitting actions with the consent of, or at the direction of, Holders of Certificates evidencing specified percentages of the aggregate outstanding principal balance of such Certificates, such direction or consent may be given by Certificate
Owners having interests in the requisite percentage, acting through the Clearing Agency. 
 Section 5.9 Notices to
Clearing Agency. Whenever notice or other communication to the Holders is required under this Agreement unless and until Definitive Certificates shall have been issued to Certificate Owners pursuant to Section 5.10, Trustee shall
give all such notices and communications specified herein to be given to Holders to the Clearing Agency. 
 Section 5.10
Definitive Certificates. If (a) (i) Servicer advises Trustee in writing that the Clearing Agency is no longer willing or able properly to discharge its responsibilities under the Depository Agreement and (ii) Trustee or
Servicer is unable to locate a qualified successor, (b) Servicer, at its option, advises Trustee in writing that it elects to terminate the book-entry system through the Clearing Agency or (c) after the occurrence of a Servicer Termination
Event, Certificate Owners representing in the aggregate not less than a majority of the aggregate outstanding principal balance of the Certificates, advise Trustee and the Clearing Agency through the Clearing Agency Participants in writing that the
continuation of a book-entry system through the Clearing Agency is no longer in the Certificate Owners’ best interests, Trustee shall notify the Clearing Agency which shall be responsible to notify the Certificate Owners of the occurrence of
any such event and of the availability of Definitive Certificates to Certificate Owners requesting the same. Upon surrender to Trustee by the Clearing Agency of the Certificates registered in the name of the nominee of the Clearing Agency,
accompanied by re-registration instructions from the Clearing Agency for registration, Trustee shall execute, on behalf of the Trust, authenticate and deliver Definitive Certificates in accordance with such instructions. Seller shall arrange for,
and will bear all costs of, the printing and issuance of such Definitive Certificates. Neither Seller, Servicer nor Trustee shall be liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in
relying on, such instructions. Upon the issuance of Definitive Certificates, Trustee shall recognize the Holders of the Definitive Certificates as Holders hereunder. 
  

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 ARTICLE VI 
 SELLER. 
 Section 6.1 Representations and Warranties of Seller. Seller makes the
following representations and warranties, on which Trustee relies in accepting the Receivables and the other Trust Property in trust and executing and authenticating the Certificates. Such representations are made as of the execution and delivery of
this Agreement, but shall survive the sale, transfer and assignment of the Receivables and the other Trust Property to the Trust. 
 (a) Organization and Good Standing. Seller has been duly organized and is validly existing as a Delaware limited liability company in good standing under the laws of the State of Delaware, with the power and
authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted and had at all relevant times, and has, full power, authority and legal right to acquire, own and sell the
Receivables and the other Trust Property. 
 (b) Power and Authority. Seller has the power, authority
and legal right to execute and deliver this Agreement and the Related Agreements to which it is a party and to carry out their respective terms and to sell and assign the property to be sold and assigned to and deposited with Trustee as Trust
Property; and the execution, delivery and performance of this Agreement and the Related Agreements to which it is a party have been duly authorized by Seller by all necessary limited liability company action. 
 (c) No Consent Required. No approval, authorization, consent, license or other order or action of, or filing or
registration with, any governmental authority, bureau or agency is required in connection with Seller’s execution, delivery or performance of this Agreement or the Related Agreements to which Seller is a party or the consummation of the
transactions contemplated hereby or thereby, other than (i) as may be required under the blue sky or securities laws of any State or the Securities Act of 1933, as amended, and (ii) the filing of UCC financing statements. 
 (d) Valid Sale; Binding Obligation. Seller intends this Agreement to effect a valid sale, transfer, and assignment
of the Receivables and the other Trust Property conveyed by Seller to the Trust hereunder, enforceable against creditors of and purchasers from Seller; and each of this Agreement and the Related Agreements to which it is a party constitutes a legal,
valid and binding obligation of Seller, enforceable against Seller in accordance with its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency, reorganization, conservatorship, receivership, liquidation and other
similar laws affecting enforcement of the rights of creditors generally and to equitable limitations on the availability of specific remedies. 
  

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 (e) No Violation. The execution, delivery and performance by
Seller of this Agreement and the Related Agreements to which it is a party and the consummation of the transactions contemplated hereby and thereby will not conflict with, result in any material breach of any of the terms and provisions of,
constitute (with or without notice or lapse of time) a material default under or result in the creation or imposition of any Lien upon any of its material properties pursuant to the terms of, (i) the organic documents of Seller, (ii) any
material indenture, contract, lease, mortgage, deed of trust or other instrument or agreement to which Seller is a party or by which Seller is bound, or (iii) any law, order, rule or regulation applicable to Seller of any federal or state
regulatory body, any court, administrative agency, or other governmental instrumentality having jurisdiction over Seller. 
 (f) No Proceedings. There are no proceedings or investigations pending, or, to the knowledge of Seller, threatened, before any court, regulatory body, administrative agency, or other tribunal or governmental
instrumentality having jurisdiction over Seller or its properties: (i) asserting the invalidity of this Agreement or any Related Agreement, (ii) seeking to prevent the issuance of the Certificates or the consummation of any of the
transactions contemplated by this Agreement or any Related Agreement, (iii) seeking any determination or ruling that might materially and adversely affect the performance by Seller of its obligations under, or the validity or enforceability of,
this Agreement or any Related Agreement or (iv) that may materially and adversely affect the federal or state income, excise, franchise or similar tax attributes of the Certificates. 
 (g) Chief Executive Office. The chief executive office of Seller is
                    . 
 Section 6.2 Merger or Consolidation of, or Assumption of the Obligations of, Seller. Any Person (a) into which Seller may be merged or consolidated, (b) that may result from any merger, conversion or consolidation to
which Seller is a party, or (c) that may succeed by purchase and assumption to all or substantially all of the business of Seller, where Seller in any of the foregoing cases is not the surviving entity, which corporation or other entity shall
execute an agreement of assumption to perform every obligation of Seller under this Agreement, shall be the successor to Seller hereunder without the execution or filing of any document or any further act by any of the parties to this Agreement;
provided that (x) Servicer shall have delivered to Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such merger, conversion, consolidation or succession and such agreement of assumption comply with this
Section, and (y) Servicer shall have delivered to 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 fully to preserve and protect the interest of Trustee in the Receivables, and reciting the details of such filings, or (B) stating that, in the opinion of such counsel, no such action shall be necessary to fully
preserve and protect such interest. Seller shall promptly inform Trustee and each Rating Agency of any such merger, conversion, consolidation or purchase and assumption, where Seller is not the surviving entity. 
  

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 Section 6.3 Limitation on Liability of Seller and Others. Seller and any
director or officer or employee or agent of Seller may rely in good faith on the advice of counsel or on any document of any kind, prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement or any
Related Agreement (provided that such reliance shall not limit in any way Seller’s obligations under Section 3.2). Seller shall not be under any obligation to appear in, prosecute or defend any legal action that shall not be
incidental to its obligations under this Agreement, and that in its opinion may involve it in any expense or liability. 
 ARTICLE VII

 SERVICER. 
 Section 7.1 Representations and Warranties of Servicer. Servicer makes the following representations and warranties on which Trustee relies in accepting the Receivables and the other Trust Property in trust and in authenticating
the Certificates. These representations are made as of the Closing Date, but shall survive the sale, transfer and assignment of the Receivables and the other Trust Property to the Trust. 
 (a) Organization and Good Standing. Servicer has been duly organized and is validly existing as a banking
corporation in good standing under the laws of the State of Ohio, with the power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted, and had at all relevant
times, and shall have, the power, authority and legal right to service the Receivables and the other Trust Property. 
 (b) Due Qualification. Servicer shall be duly qualified to do business as a foreign corporation in good standing, and shall have obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of
property or the conduct of its business (including the servicing of the Receivables as required by this Agreement) shall require such qualifications. 
 (c) Power and Authority. Servicer has the power, authority and legal right to execute and deliver this Agreement and the Related Agreements to which it is a party and to carry out their
respective terms; and the execution, delivery and performance of this Agreement and the Related Agreements to which it is a party have been duly authorized by Servicer by all necessary corporate action. 
 (d) No Consent Required. No approval, authorization, consent, license or other order or action of, or filing or
registration with, any governmental authority, bureau or agency is required in connection with Servicer’s execution, delivery or performance of this Agreement, the Related Agreements to which Servicer is a party or the consummation of the
transactions contemplated hereby or thereby, other than the filing of UCC financing statements. 
  

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 (e) Binding Obligation. Each of this Agreement and the Related
Agreements to which it is a party constitutes a legal, valid and binding obligation of Servicer, enforceable against Servicer in accordance with its respective terms, subject, as to enforceability, to applicable bankruptcy, insolvency,
reorganization, conservatorship, receivership, liquidation and other similar laws affecting enforcement of the rights of creditors of corporations generally and to equitable limitations on the availability of specific remedies. 
 (f) No Violation. The execution, delivery and performance by Servicer of this Agreement and the Related Agreements
to which it is a party and the consummation of the transactions contemplated hereby and thereby will not conflict with, result in any material breach of any of the terms and provisions of, constitute (with or without notice or lapse of time) a
material default under, or result in the creation or disposition of any Lien upon any of its material properties pursuant to the terms of, (i) the articles of association or bylaws of Servicer, (ii) any material indenture, contract, lease,
mortgage, deed of trust or other instrument or agreement to which Servicer is a party or by which Servicer is bound, or (iii) any law, order, rule or regulation applicable to Servicer of any federal or state regulatory body, any court,
administrative agency, or other governmental instrumentality having jurisdiction over Servicer. 
 (g) No
Proceedings. There are no proceedings or investigations pending, or, to Servicer’s knowledge, threatened, before any court, regulatory body, administrative agency, or tribunal or other governmental instrumentality having jurisdiction over
Servicer or its properties: (i) asserting the invalidity of this Agreement, any Related Agreement or the Certificates, (ii) seeking to prevent the issuance of the Certificates or the consummation of any of the transactions contemplated by
this Agreement or any Related Agreement, (iii) seeking any determination or ruling that might materially and adversely affect the performance by Servicer of its obligations under, or the validity or enforceability of, this Agreement, any
Related Agreement or the Certificates, or (iv) that may materially and adversely affect the federal or state income, excise, franchise or similar tax attributes of the Certificates. 
 Section 7.2 Indemnities of Servicer. (a) Servicer shall be liable in accordance herewith only to the extent of the
obligations specifically undertaken by Servicer under this Agreement. 
 (b) Servicer shall indemnify, defend
and hold harmless Trustee, Seller, the Holders and any of the officers, directors, employees and agents of Trustee or Seller from any and all costs, expenses, losses, claims, damages and liabilities (including reasonable attorneys’ fees and
expenses) to the extent arising out of, or imposed upon any such Person through, the gross negligence, willful misfeasance or bad faith (other than errors in judgment) of Servicer in the performance of its obligations and duties under this Agreement
or in the performance of the obligations and duties of any subservicer under any subservicing agreement. 
  

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 (c) Servicer shall indemnify, defend and hold harmless Trustee and its
officers, directors, 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 in this Agreement or in the other Related Agreements, including any sales,
gross receipts, general corporation, tangible or intangible personal property, privilege, or license taxes, or any taxes of any kind which may be asserted (but not including any Federal or other income taxes arising out of transactions contemplated
by this Agreement and the other Related Agreements) against the Trust, and costs and expenses in defending against the same. 
 (d) Servicer shall indemnify, defend and hold harmless Trustee, Seller and the Holders or any of the officers, directors, employees and agents of Trustee or Seller from any and all costs, expenses, losses, claims,
damages and liabilities (including reasonable attorneys’ fees and expenses) to the extent arising out of or imposed upon any such Person as a result of any compensation payable to any subcustodian or subservicer (including any fees payable in
connection with the release of any Receivable File from the custody of such subservicer or in connection with the termination of the servicing activities of such subservicer with respect to any Receivable) whether pursuant to the terms of any
subservicing agreement or otherwise. 
 (e) Servicer shall indemnify, defend and hold harmless Trustee, Seller
and the Holders or any of the directors, officers, employees and agents of Trustee and Seller from and against any and all costs, expenses, losses, damages, claims and liabilities, including reasonable fees and expenses of counsel and expenses of
litigation, arising out of or resulting from the use, ownership, or operation by Servicer or any Affiliate thereof of any Financed Vehicle. 
 Indemnification under this Section shall survive the resignation or removal of Trustee and the termination of this Agreement and shall include reasonable fees and expenses of counsel and other expenses of litigation. If Servicer shall have
made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to Servicer, without interest.

 Section 7.3 Merger or Consolidation of or Assumption of the Obligations of Servicer. Any corporation or other
entity (a) into which Servicer may be merged or consolidated, (b) that may result from any merger, conversion, or consolidation to which Servicer is a party, (c) that may succeed by purchase and assumption to all or substantially all
of the business of Servicer or (d) 50% of the voting stock of which is owned directly or indirectly by Fifth Third Bancorp, where, in the case of clauses (a), (b) and (c), Servicer is not the surviving entity, which
corporation or other entity in any of the foregoing cases shall execute an agreement of assumption to perform every obligation of Servicer under this Agreement, shall be the successor to Servicer under this Agreement without any further act on the
part of any of the parties to this Agreement; provided that, unless the Ohio Bank is the surviving party to such transaction (x) Servicer shall have delivered to Trustee an Officer’s Certificate and an Opinion of Counsel each
stating that such merger, conversion, consolidation or succession and such 

  

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agreement of assumption comply with this Section, and (y) Servicer shall have delivered to 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 fully to preserve and protect the interest of Trustee in the Receivables, and reciting the
details of such filings, or (B) stating that, in the opinion of such counsel, no such action shall be necessary to fully preserve and protect such interest. Servicer shall promptly inform Trustee and each Rating Agency of any such merger,
conversion, consolidation or purchase and assumption where Servicer is not the surviving entity. 
 Section 7.4
Limitation on Liability of Servicer and Others. Neither Servicer nor any of its directors, officers, employees or agents shall be under any liability to the Trust or the Holders, except as provided under this Agreement, for any action taken
or for refraining from the taking of any action by Servicer or any subservicer pursuant to this Agreement or for errors in judgment; provided that this provision shall not protect Servicer or any such Person against any liability that would
otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties (except for errors in judgment) or by reason of reckless disregard of obligations and duties under this Agreement. Servicer or any
subservicer and any of their respective directors, officers, employees or agents may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement.

 Except as provided in this Agreement, Servicer shall not be under any obligation to appear in, prosecute or defend any
legal action that shall not be 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 that Servicer may (but shall not be required
to) undertake any reasonable action that it may deem necessary or desirable in respect of this Agreement and the Related Agreements to protect the interests of the Holders under this Agreement and the Related Agreements. In such event, the legal
expense and costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of Servicer. 
 Section 7.5 The Ohio Bank Not To Resign as Servicer. Subject to the provisions of Section 7.3, the Ohio Bank hereby agrees not to resign from the obligations and duties hereby imposed on it as Servicer under this
Agreement except upon determination that the performance of its duties hereunder shall no longer be permissible under applicable law or if such resignation is required by regulatory authorities. Notice of any such determination permitting the
resignation of the Ohio Bank as Servicer shall be communicated to Trustee at the earliest practicable time (and, if such communication is not in writing, shall be confirmed in writing at the earliest practicable time) and any such determination
shall be evidenced by an Opinion of Counsel to such effect delivered to Trustee concurrently with or promptly after such notice. No such resignation shall become effective until the earlier of Trustee or a successor Servicer having assumed the
responsibilities and obligations of the resigning Servicer in accordance with Section 8.2 or the date upon which any regulatory authority requires such resignation. 
 Section 7.6 Servicer May Own Certificates. Servicer, and any Affiliate of Servicer, may, in its individual or any other capacity, become the owner or pledgee of Certificates with the
same rights as it would have if it were not Servicer or an Affiliate thereof, 

  

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except as otherwise provided in the definition of “Holder”, “Class A Holder” and “Class B Holder” in Section 1.1.
Certificates so owned by or pledged to Servicer or such Affiliate shall have an equal and proportionate benefit under the provisions of this Agreement, without preference, priority or distinction as among all of the Certificates, except as otherwise
provided in the definitions of “Class A Holder” and “Class B Holder”. 
 Section 7.7
Existence. Subject to the provisions of Section 7.3, during the term of this Agreement, the Ohio Bank will keep in full force and effect its existence, rights and franchises as a corporation under the laws of the jurisdiction of
its organization. 
 ARTICLE VIII 
 SERVICING TERMINATION. 
 Section 8.1 Servicer Termination Events. (a) Any one of the following
events shall constitute a “Servicer Termination Event”: 
 (i) any failure by Servicer to deliver to Trustee a
Servicer’s Report for any Collection Period, which failure shall continue beyond the related Deposit Date; 
 (ii) any
failure by Servicer to deliver to any Account or the Reserve Account any payment or deposit required to be so delivered or paid under the terms of the Certificates and this Agreement, or to direct Trustee to make any required distribution from any
Account or the Reserve Account, which failure shall continue unremedied for a period of five Business Days after written notice is received from the Trustee by Servicer or after discovery of such failure by Servicer (or, in the case of a payment or
deposit to be made no later than a Deposit Date immediately preceding a Distribution Date, the failure to make such payment or deposit by such Distribution Date); 
 (iii) any failure on the part of Servicer to duly observe or to perform in any material respect any other covenants or agreements set forth in the Certificates or in this Agreement, which failure
shall (A) materially and adversely affect the rights of Holders (which determination shall be made without regard to whether funds are available to the Holders pursuant to the Reserve Account) and (B) continue unremedied for a period of 60
days after the date on which written notice of such failure, requiring the same to be remedied, shall have been given (1) to Servicer by Trustee, or (2) to Trustee and Servicer by the Holders of Certificates representing not less than 25%
of the outstanding principal amount of the Certificates (or for such longer period, not in excess of 120 days, as may be reasonably necessary to remedy such default; provided that such default is capable of remedy within 120 days and Servicer
delivers an Officer’s Certificate to Trustee to such effect and to the effect that Servicer has commenced or 

  

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will promptly commence, and will diligently pursue, all reasonable efforts to remedy such default); 
 (iv) the entry of a decree or order by a court or agency or supervisory authority of competent jurisdiction for the appointment of a
conservator, receiver, liquidator or trustee for Servicer, Seller, Transferor, or any of their respective successors, in any bankruptcy, receivership, conservatorship, insolvency or similar proceedings, or for the winding up or liquidation of its
affairs, and any such decree or order continues unstayed and in effect for a period of 60 consecutive days; or 
 (v) the
consent by Servicer, Seller, Transferor, or any of their respective successors, to the appointment of a conservator, receiver, liquidator or trustee in any bankruptcy, receivership, conservatorship, insolvency or similar proceedings of or relating
to such Person or relating to substantially all of its property, the admission in writing by such Person of its inability to pay its debts generally as they become due, the filing by such Person of a petition to take advantage of any applicable
bankruptcy, receivership, conservatorship, insolvency or similar statute, the making by such Person of an assignment for the benefit of its creditors or the voluntary suspension by such Person of payment of its obligations. 
 Upon the occurrence of any Servicer Termination Event, and so long as a Servicer Termination Event shall not have been remedied, either Trustee, or the
Majority Holders, by notice then given in writing to Servicer, may terminate all of the rights and obligations of Servicer (other than the obligations set forth in Section 7.2) under this Agreement. On or after the receipt by Servicer of
such written notice, all authority and power of Servicer under this Agreement, whether with respect to the Certificates or the Trust Property or otherwise, shall pass to and be vested in Trustee or such successor Servicer as may be appointed under
Section 8.2 pursuant to this Section 8.1; and thereupon Trustee shall be authorized and empowered to execute and deliver, on behalf of Servicer, as attorney-in-fact or otherwise, any and all documents and other instruments,
and to do or accomplish all other acts or things necessary or appropriate to effect the purposes of such notice of termination, whether to complete the transfer and endorsement of the Receivable Files or the Physical Damage Insurance Policies, the
certificates of title to the Financed Vehicles, or otherwise. Servicer shall cooperate with Trustee or any successor Servicer in effecting the termination of its responsibilities and rights as Servicer under this Agreement, including the transfer to
Trustee or any successor Servicer for administration of all cash amounts that are at the time held by Servicer for deposit, shall have been deposited by Servicer in the Collection Account, or thereafter shall be received with respect to a
Receivable, all Receivable Files and all information or documents that Trustee or such successor Servicer may require. In addition, Servicer shall transfer its electronic records relating to the Receivables to the successor Servicer in such
electronic form as the successor Servicer may reasonably request and shall transfer to the successor Servicer all other records, correspondence and documents necessary for the continued servicing of the Receivables in the manner and at such times as
the successor Servicer shall reasonably request. All reasonable out-of-pocket costs and expenses incurred by the successor Servicer in connection with the transfer of servicing shall be paid by the predecessor Servicer upon presentation of
reasonable documentation of such costs and expenses. 
  

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 (b) If any of the foregoing Servicer Termination Events occur, Trustee
shall have no obligation to notify Holders or any other Person of such occurrence prior to the continuance of such event through the end of any cure period specified in Section 8.1(a). 
 Section 8.2 Trustee to Act; Appointment of Successor Servicer. Upon Servicer’s resignation pursuant to
Section 7.5 or upon Servicer’s receipt of notice of termination as Servicer pursuant to Section 8.1, Trustee shall be the successor in all respects to Servicer in its capacity as Servicer under this Agreement, and shall
be subject to all the responsibilities, duties and liabilities relating thereto placed on Servicer by the terms and provisions of this Agreement, except that Trustee, when acting as successor Servicer, shall not be obligated to purchase Receivables
pursuant to Section 3.7 unless the obligation to repurchase arose after the date of the notice of termination given to Servicer pursuant to Section 8.1, and neither Trustee nor any successor Servicer shall be liable for any
acts or omissions of the terminated Servicer or for any breach by such Servicer of any of its representations or warranties contained herein or in any related documents or agreements. As compensation therefor, Trustee shall be entitled to the same
Servicing Fees (whether payable out of the Collection Account or otherwise) and Supplemental Servicing Fees as Servicer would have been entitled to under this Agreement if no such notice of termination or resignation had been given. Notwithstanding
the above, Trustee may appoint, or petition a court of competent jurisdiction to appoint, an Eligible Servicer as the successor to the terminated Servicer under this Agreement; provided that Trustee shall continue to be the successor to
Servicer until another successor Servicer shall have assumed the responsibilities and obligations of Servicer. In connection with such appointment, Trustee may make such arrangements for the compensation of such successor Servicer out of payments on
Receivables as it and such successor shall agree, which shall in no event be greater than the Servicing Fees and Supplemental Servicing Fees payable to the Ohio Bank as Servicer hereunder. Trustee and such successor shall take such action,
consistent with this Agreement, as shall be necessary to effectuate any such succession. No Servicer shall resign or be relieved of its duties under this Agreement until a newly appointed Servicer shall have assumed the responsibilities and
obligations of the terminated Servicer under this Agreement. 
 Section 8.3 Effect of Servicing Transfer.
(a) After the transfer of servicing hereunder, Trustee or successor Servicer shall notify Obligors to make directly to the successor Servicer payments that are due under the Receivables after the effective date of such transfer. 
 (b) Except as provided in Sections 7.2 and 9.8 after the transfer of servicing hereunder, the predecessor
Servicer shall have no further obligations with respect to the management, administration, servicing, custody or collection of the Receivables and the successor Servicer shall have all of such obligations, except that the predecessor Servicer will
transmit or cause to be transmitted directly to the successor Servicer for its own account, promptly on receipt and in the same form in which received, any amounts held by the predecessor Servicer (properly endorsed where required for the successor
Servicer to collect any such items) received as payments upon or otherwise in connection with the Receivables and the predecessor Servicer shall continue to cooperate with the successor Servicer by providing information and in the enforcement of the
Dealer Agreements and the Physical Damage Insurance Policies. 
  

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 (c) A transfer of servicing hereunder shall not affect the rights and
duties of the parties hereunder other than those relating to the management, administration, servicing, custody or collection of the Receivables and the other Trust Property. The successor Servicer shall, upon its appointment pursuant to
Section 8.2 and as part of its duties and responsibilities under this Agreement, promptly take all action it deems necessary or appropriate so that the predecessor Servicer (in whatever capacity) is paid or reimbursed all amounts it is
entitled to receive under this Agreement on each Distribution Date subsequent to the date on which it is terminated as Servicer hereunder. Without limiting the generality of the foregoing, the predecessor Servicer will be entitled to receive all
accrued and unpaid Servicing Fees and Supplemental Servicing Fees through and including the effective date of the termination of the predecessor Servicer. 
 (d) Any successor Servicer shall provide Seller with access to the Receivable Files and to the successor Servicer’s records (whether written or automated) with respect to the Receivable
Files. Such access shall be afforded without charge, but only upon reasonable request and during normal business hours at the offices of the successor Servicer. Nothing in this Section shall affect the obligation of the successor Servicer to observe
any applicable law prohibiting disclosure of information regarding the Obligors, and the failure of Servicer to provide access to information as a result of such obligation shall not constitute a breach of this Section. 
 Section 8.4 Notification to Holders. Upon any notice of a Servicer Termination Event or upon any termination of, or
appointment of a successor to, Servicer pursuant to this Article VIII, Trustee shall give prompt written notice thereof to Holders at their respective addresses of record, and to each Rating Agency. 
 Section 8.5 Waiver of Past Servicer Termination Events. The Majority Holders may, on behalf of all Holders of Certificates,
waive any Servicer Termination Event hereunder and its consequences, except an event resulting from the failure to make any required deposits or payments to the Collection Account in accordance with this Agreement. Upon any such waiver of a past
Servicer Termination Event, such event shall cease to exist and shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other event or impair any right arising therefrom, except to
the extent expressly so waived. 
 Section 8.6 Transfer of Accounts. Notwithstanding the provisions of
Section 8.1, if any of the Accounts or the Reserve Account is maintained with Servicer or an Affiliate of Servicer and a Servicer Termination Event shall occur and be continuing, Servicer shall promptly, and in any event within five
Business Days, give notice to Trustee of such Servicer Termination Event, and Trustee, within              days after the receipt of such notice, shall establish new Eligible Deposit
Accounts conforming with the requirements of this Agreement and promptly shall transfer all funds in any such Accounts or the Reserve Account to such new Eligible Deposit Accounts. 
  

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 ARTICLE IX 
 TRUSTEE. 
 Section 9.1 Acceptance by Trustee. Trustee hereby acknowledges its
acceptance of all right, title and interest in and to the Receivables and the other Trust Property conveyed by Seller pursuant to this Agreement and hereby declares that Trustee holds and shall hold such right, title and interest, upon the trust set
forth in this Agreement. 
 Section 9.2 Duties of Trustee. (a) Trustee, both prior to and after the curing
of a Servicer Termination Event, undertakes to perform only such duties as are specifically set forth in this Agreement and no implied covenants or obligations shall be read into this Agreement against Trustee. If a Servicer Termination Event, of
which an Authorized Officer of Trustee has actual knowledge, shall have occurred and shall not have been cured (the appointment of a successor Servicer (including Trustee) to constitute a cure for the purposes of this Article), Trustee shall
exercise such of the rights and powers vested in it by this Agreement, and shall use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs;
provided that if Trustee assumes the duties of Servicer pursuant to Section 8.2, Trustee in performing such duties shall use the degree of skill and attention required by Section 3.1. 
 (b) Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders, or other
instruments furnished to Trustee that are required specifically to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they conform to the requirements of this Agreement. 
 (c) No provision of this Agreement shall be construed to relieve Trustee from liability for its own negligent action, its
own negligent failure to act, its own willful misfeasance or its own bad faith; provided that: 
 (i) Prior to the
occurrence of a Servicer Termination Event, and after the curing of all such Servicer Termination Events that may have occurred, the duties and obligations of Trustee shall be determined solely by the express provisions of this Agreement, Trustee
shall not be liable except for the performance of such duties and obligations as are specifically set forth in this Agreement, no implied covenants or obligations shall be read into this Agreement against Trustee, the permissible right of Trustee
(solely in its capacity as such) to do things enumerated in this Agreement shall not be construed as a duty and, in the absence of bad faith on the part of Trustee, or manifest error, Trustee (solely in its capacity as such) may conclusively rely on
the truth of the statements and the correctness of the opinions expressed in any certificates or opinions furnished to Trustee and conforming to the requirements of this Agreement; 
  

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 (ii) Trustee shall not be personally liable for an error of judgment made in good faith
by an officer of Trustee, unless it shall be proved that Trustee shall have been negligent in performing its duties in accordance with the terms of this Agreement; and 
 (iii) Trustee shall not be personally liable with respect to any action taken, suffered, or omitted to be taken in good faith in accordance with the direction of the Majority Holders, as set
forth in Section 8.1, relating to the time, method and place of conducting any proceeding or any remedy available to Trustee, or exercising any trust or power conferred upon Trustee, under this Agreement. 
 (d) Except for the willful misfeasance, bad faith or negligence of Trustee, Trustee shall not be required to expend or
risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that the repayment of such funds or
indemnity satisfactory to it against such risk or liability shall not be reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require Trustee to perform, or be responsible for the manner of performance
of, any of the obligations of Servicer under this Agreement except during such time, if any, as Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges of, Servicer in accordance with the terms of this
Agreement. 
 (e) Except for actions expressly authorized by this Agreement, Trustee shall take no action
reasonably likely to impair the security interests created or existing under any Receivable or Financed Vehicle or to impair the value of any Receivable or Financed Vehicle. 
 (f) Trustee shall have no power to vary the corpus of the Trust including (i) accepting any substitute obligation for
a Receivable initially assigned to Trustee under this Agreement, (ii) adding any other investment, obligation or security, or (iii) withdrawing any Receivable, except for a withdrawal permitted under this Agreement. 
 Section 9.3 Trustee’s Certificate. As soon as practicable after each Deposit Date on which Receivables shall be assigned
to Seller pursuant to Section 2.4 or 10.2 or to Servicer pursuant to Section 3.7, as applicable, Trustee shall execute a certificate, prepared by Servicer, including its date and the date of the Agreement, and
accompanied by a copy of Servicer’s Report for the related Collection Period. Trustee’s certificate shall operate, as of such Deposit Date, as an assignment pursuant to Section 9.4. 
 Section 9.4 Trustee’s Assignment of Purchased Receivables. With respect to all Receivables repurchased by Servicer
pursuant to Section 2.4 or Section 10.2, or purchased by Servicer pursuant to Section 3.7 or Section 10.2, Trustee shall assign, without recourse, representation or warranty, to Servicer, all of
Trustee’s right, title and interest in and to such Receivables, and all security and documents and all other Trust Property conveyed pursuant to 

  

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Section 2.1 with respect to such Receivables. Such assignment shall be a sale and assignment outright, and not for security. If, in any
enforcement suit or legal proceeding, it is held that Servicer, may not enforce any such Receivable on the ground that it shall not be a real party in interest or a holder entitled to enforce the Receivable, Trustee shall, at the expense of
Servicer, take such steps as Servicer, deems necessary to enforce the Receivable, including bringing suit in Trustee’s name or the names of the Holders. 
 Section 9.5 Certain Matters Affecting Trustee. Except as otherwise provided in Section 9.2: 
 (a) Trustee may conclusively rely and shall be protected in acting or refraining from acting upon, any resolution,
certificate of auditors or accountants or any other certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, appraisal, bond, note or other paper or document believed by it to be genuine and to have been
signed or presented by the proper party or parties. 
 (b) Trustee may consult with counsel knowledgeable in
the area and any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted by it under this Agreement in good faith and in accordance with such written Opinion of Counsel a copy
of which shall be provided to Seller and Servicer. 
 (c) Trustee shall be under no obligation to exercise any
of the rights or powers vested in it by this Agreement, or to institute, conduct or defend any litigation under this Agreement or in relation to this Agreement, at the request, order or direction of any of the Holders pursuant to the provisions of
this Agreement, unless such Holders shall have offered to Trustee security or indemnity satisfactory to Trustee against the costs, expenses, and liabilities that may be incurred therein or thereby. Nothing contained in this Agreement, however, shall
relieve Trustee of the obligations, upon the occurrence of a Servicer Termination Event that is not timely cured or waived pursuant to Section 8.5, to exercise such of the rights and powers vested in it by this Agreement, and to use the
same degree of care and skill in their exercise as a prudent man would exercise or use under the circumstances in the conduct of his own affairs; provided that if Trustee assumes the duties of Servicer pursuant to Section 8.2,
Trustee in performing such duties shall use the degree of skill and attention required by Section 3.1. 
 (d) Trustee shall not be personally liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion, rights or powers conferred upon it by this Agreement. 
 (e) Prior to the occurrence of a Servicer Termination Event and after the curing of all Servicer Termination Events that
may have occurred, Trustee shall not be bound to make any investigation into the facts of any matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, 

  

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consent, direction, order, approval, bond, note or other paper or document, unless requested in writing so to do by the Majority Holders; provided
that if the payment within a reasonable time to Trustee of the costs, expenses, or liabilities likely to be incurred by it in the making of an investigation requested by the Holders is, in the opinion of Trustee, not reasonably assured to Trustee by
the security afforded to it by the terms of this Agreement, Trustee may require indemnity satisfactory to it against such cost, expense, or liability as a condition to so proceeding. The reasonable expense of every such examination shall be paid by
Servicer, or, if paid by Trustee, shall be reimbursed by Servicer upon demand. Nothing in this clause (e) shall affect the obligation of Servicer to observe any applicable law prohibiting disclosure of information regarding the Obligors;
provided further, that Trustee shall be entitled to make such further inquiry or investigation into such facts or matter as it may reasonably see fit, and if Trustee shall determine to make such further inquiry or investigation it shall be
entitled to examine the books and records of Servicer, personally or by agent or attorney, at the sole cost and expense of Servicer. 
 (f) Trustee may execute any of the trusts or powers hereunder or perform any duties under this Agreement either directly or by or through agents, attorneys, nominees or a custodian, and shall not be liable for the
acts of such agents, attorney, nominees or custodians except for (i) acts of              or any successor agent carrying out Trustee’s obligations with respect to the
preparation of Servicer Reports and (ii) acts of any other agent, attorney, nominee or custodian if (A) Trustee has not acted with due care in their appointment or (B) Seller has not consented to their appointment. 
 (g) Trustee shall not be required to make any initial or periodic examination of any documents or records related to the
Receivables or Financed Vehicles for the purpose of establishing the presence or absence of defects, the compliance by Seller with its representations and warranties or for any other purpose. 
 (h) Trustee shall not be construed to be a guarantor of the performance of Servicer, nor shall Trustee have any duty to
monitor the performance of Servicer other than as expressly stated in this Agreement. 
 (i) Trustee shall not
be required to take notice or be deemed to have notice of any Servicer Termination Event hereunder, except a Servicer Termination Event under Section 8.1(a)(i) or (ii), unless Trustee shall be specifically notified in writing of
such Servicer Termination Event by Servicer, Seller or any Holder. All notices or other instruments required by this Agreement to be delivered to Trustee shall be delivered at the Corporate Trust Office and, in the absence of such notice so
delivered, Trustee may conclusively assume there is no Servicer Termination Event except as aforesaid. 
 Section 9.6
Trustee Not Liable for Certificates or Receivables. Trustee assumes no responsibility for the correctness of the recitals contained herein and in the 

  

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Certificates (other than the certificate of authentication on the Certificates). Except as expressly provided herein, Trustee makes no representations as to
the validity or sufficiency of this Agreement or of the Certificates (other than Trustee’s execution of, and the certificate of authentication on, the Certificates), or of any Receivable or related document, or for the validity of the execution
by Seller and Servicer of this Agreement or of any supplements hereto or instruments of further assurance, or for the sufficiency of the Trust Property hereunder, and Trustee shall not be bound to ascertain or inquire as to the performance or
observance of any covenants, conditions or agreements on the part of Servicer under this Agreement except as herein set forth; but Trustee may require Servicer to provide full information and advice as to the performance of the aforesaid covenants,
condition and agreements. Trustee (solely in its capacity as such) shall have no obligation to perform any of the duties of Servicer, except as explicitly set forth in this Agreement. Trustee shall have no liability in connection with compliance of
Servicer with statutory or regulatory requirements to the Receivables. Trustee shall not make or be deemed to have made any representations or warranties with respect to the Receivables or the validity or sufficiency of any assignment of the
Receivables to the Trust or Trustee. Trustee (solely in its capacity as such) shall at no time have any responsibility or liability for, or with respect to, the legality, validity or enforceability of any security interest in any Financed Vehicle or
(prior to the time, if any, that Servicer is terminated as custodian hereunder) any Receivable, or the perfection and priority of such a security interest or the maintenance of any such perfection and priority, the efficacy of the Trust or its
ability to generate funds sufficient to provide for the payments to be distributed to Holders under this Agreement, the existence, condition, location, and ownership of any Financed Vehicle, the existence and enforceability of the Insurance
Policies, the existence and contents of any Receivable or any computer or other record thereof, the validity of the assignment of any Receivable to the Trust or of any intervening assignment, the completeness of any Receivable, the performance or
enforcement of any Receivable, the compliance by Seller with any warranty or representation made under this Agreement or in any related document and the accuracy, of any such warranty or representation, prior to Trustee’s receipt of notice or
other discovery of any noncompliance therewith or any breach thereof, any investment of monies by Servicer or any loss resulting therefrom (it being understood that Trustee shall remain responsible for any Trust Property that it may hold), the acts
or omissions of Seller, Servicer, or any Obligor, any action of Servicer taken in the name of Trustee, or any action by Trustee taken at the instruction, of Servicer (provided that such instruction is not in express violation of the terms and
provisions of this Agreement); provided that the foregoing shall not relieve Trustee of its obligation to perform its duties under this Agreement. Except with respect to a claim based on the failure of Trustee to perform its duties under this
Agreement (whether in its capacity as Trustee or as successor Servicer) or based on Trustee’s willful misconduct, negligence, or bad faith, or based on Trustee’s breach of a representation and warranty contained in
Section 9.14, no recourse shall be had to Trustee (whether in its individual capacity or as Trustee) for any claim based on any provision of this Agreement, the Certificates, or any Receivable or assignment thereof against Trustee in its
individual capacity; Trustee shall not have any personal obligation, liability, or duty whatsoever to any Holder or any other Person with respect to any such claim. Trustee shall not be accountable for the use or application by Seller of the
proceeds of such Certificates, or for the use or application of any funds paid to Servicer in respect of the Receivables prior to the time such amounts are deposited in the Collection Account (whether or not the Collection Account is 
  

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maintained with Trustee). Trustee shall have no liability for any losses from the investment or reinvestment in Eligible Investments made in accordance with
Section 4.1. 
 Section 9.7 Trustee May Own Certificates. Trustee in its individual or any other
capacity may become the owner or pledgee of Certificates with the same rights as it would have if it were not Trustee. 
 Section 9.8 Trustee’s Fees and Expenses. Servicer agrees to pay to Trustee, and Trustee shall be entitled to, reasonable compensation (which shall not be limited by any provision of law in regard to the compensation of a
trustee of an express trust) for all services rendered by it in the execution of the trusts created by this Agreement and in the exercise and performance of any of the powers and duties under this Agreement as Trustee, and Servicer shall pay or
reimburse Trustee upon its request for all reasonable expenses (including expenses incurred in connection with notices or other communications to Holders), disbursements and advances (including the reasonable compensation and the reasonable expenses
and disbursements of its counsel and of all persons not regularly in its employ) incurred or made by Trustee in accordance with any of the provisions of this Agreement (including the reasonable fees and expenses of its agents, any co-trustee and
counsel) or in defense of any action brought against it in connection with this Agreement except any such expense, disbursement or advance as may arise from its negligence, willful misfeasance, or bad faith. Servicer’s covenant to pay the
expenses, disbursements and advances provided for in the preceding sentence shall survive the termination of this Agreement. 
 Section 9.9 Eligibility Requirements for Trustee. Trustee shall at all times be organized and doing business under the banking laws of the United States or of any state thereof, shall be authorized under such laws to exercise
corporate trust powers, shall have a consolidated net worth of at least $50,000,000 and shall be subject to supervision or examination by federal or state banking authorities. If Trustee shall publish reports of condition at least annually, pursuant
to law or to the requirements of the aforesaid supervising or examining authority, then for the purpose of this Section 9.9, the consolidated net worth of such Trustee shall be deemed to be its consolidated capital and surplus as set
forth in its most recent consolidated report of condition so published. In case at any time Trustee shall cease to be eligible in accordance with the provisions of this Section 9.9, Trustee shall resign immediately in the manner and with
the effect specified in Section 9.10. 
 Section 9.10 Resignation or Removal of Trustee.
(a) Trustee may at any time resign and be discharged from the trusts hereby created by giving 30 days’ prior written notice thereof to Servicer. Upon receiving such notice of resignation, Servicer shall promptly appoint a successor
Trustee, by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor Trustee. If no successor Trustee shall have been so appointed and have accepted appointment within
30 days after the giving of such notice of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor Trustee; provided, however, that such right to appoint or to petition for the
appointment of any such successor shall in no event relieve the resigning Trustee from any obligations otherwise imposed on it under this Agreement and the Related Agreements until such successor has in fact assumed such appointment. 
  

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 (b) If at any time Trustee shall cease to be eligible in accordance with
the provisions of Section 9.9 and shall fail to resign after written request therefor by Servicer, or if at any time Trustee shall be legally unable to act, or shall be adjudged bankrupt or insolvent, or a receiver, conservator or
liquidator of Trustee or of its property shall be appointed, or any public officer shall take charge or control of Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then Servicer may remove
Trustee. If Trustee is removed under the authority of the immediately preceding sentence, Servicer shall promptly appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to Trustee so removed,
the successor Trustee, the Holders at their respective addresses of record and the Rating Agencies. 
 (c) Any
resignation or removal of Trustee and appointment of a successor Trustee pursuant to any of the provisions of this Section 9.10 shall not become effective until acceptance of appointment by the successor Trustee pursuant to
Section 9.11. 
 (d) The respective obligations of Seller and Servicer described in this Agreement
shall survive the removal or resignation of Trustee as provided in this Agreement. 
 Section 9.11 Successor
Trustee. (a) Any successor Trustee appointed pursuant to Section 9.10 shall execute, acknowledge, and deliver to Servicer and to its predecessor Trustee an instrument accepting such appointment under this Agreement, and
thereupon the resignation or removal of the predecessor Trustee shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become fully vested with all rights, powers, duties, and obligations of its
predecessor under this Agreement, with like effect as if originally named as Trustee. The predecessor Trustee shall deliver to the successor Trustee all documents and statements held by it under this Agreement, and Servicer and the predecessor
Trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor Trustee all such rights, powers, duties, and obligations. 
 (b) No successor Trustee shall accept appointment as provided in this Section 9.11 unless at the time of such
acceptance such successor Trustee shall be eligible pursuant to Section 9.9. 
 (c) Upon
acceptance of appointment by a successor Trustee pursuant to this Section 9.11, Servicer shall mail notice of such acceptance by the successor Trustee under this Agreement to all Holders at their respective addresses of record and to the
Rating Agencies. If Servicer shall fail to mail such notice within 10 days after acceptance of appointment by the successor Trustee, the successor Trustee shall cause such notice to be mailed at the expense of Servicer. 
  

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 (d) No predecessor Trustee shall be liable for the acts or omissions of
any successor Trustee. 
 Section 9.12 Merger or Consolidation of or Assumption of Obligations of Trustee. Any
corporation or banking association which is eligible to be a successor Trustee under Section 9.9 (a) into which Trustee may be merged or consolidated, (b) that may result from any merger, conversion or consolidation to which
Trustee shall be a party, or (c) that may succeed by purchase and assumption to the business of Trustee, where Trustee is not the surviving entity, which corporation or banking association executes an agreement of assumption to perform every
obligation of Trustee under this Agreement, shall be the successor of Trustee hereunder, without the execution or filing of any instrument or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding.
Trustee shall promptly notify Servicer and each Rating Agency of any such merger, conversion, consolidation or purchase and assumption where Trustee is not the surviving entity. 
 Section 9.13 Appointment of Co-Trustee or Separate Trustee. (a) Notwithstanding any other provisions of this Agreement,
at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust Property or any Financed Vehicle may at the time be located, Servicer and Trustee acting jointly shall have the power and shall execute
and deliver all instruments to appoint one or more Persons approved by Trustee to act as co-trustee, jointly with Trustee, or separate trustee or separate trustees, of all or any part of the Trust, and to vest in such Person, in such capacity and
for the benefit of the Holders, such title to the Trust, or any part thereof, and, subject to the other provisions of this Section 9.13, such powers, duties, obligations, rights, and trusts as Servicer and Trustee may consider necessary
or desirable. If Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, or in case a Servicer Termination Event shall have occurred and be continuing, Trustee alone shall have the power to
make such appointment. No co-trustee or separate trustee under this Agreement shall be required to meet the terms of eligibility as a successor trustee pursuant to Section 9.9 and no notice to Holders of the appointment of any co-trustee
or separate trustee shall be required pursuant to Section 9.11. Notwithstanding the appointment of a co-trustee or separate trustee hereunder, Trustee shall not be relieved of any of its obligations under this Agreement. 
 (b) Each separate trustee and co-trustee shall, to the extent permitted by law, be appointed and act subject to the
following provisions and conditions: 
 (i) All rights, powers, duties, and obligations conferred or imposed upon Trustee
shall be conferred upon and exercised or performed by Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized to act separately without Trustee joining in such act),
except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee under this Agreement or as successor to Servicer under this Agreement), Trustee shall be incompetent or
unqualified to perform such act or acts, in which event such rights, powers, duties, and obligations (including the holding of title to the Trust Property or any portion thereof in any such jurisdiction) shall be exercised 

  

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and performed singly by such separate trustee or co-trustee, but solely at the direction of Trustee. 
 (ii) No trustee under this Agreement shall be personally liable by reason of any act or omission of any other trustee under this
Agreement. 
 (iii) Servicer and Trustee acting jointly may at any time accept the resignation of or remove any separate
trustee or co-trustee. 
 (c) Any notice, request or other writing given to Trustee shall be deemed to have
been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and in particular to the provisions of this
Article. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, Trustee. Each such instrument shall be filed with
Trustee and a copy thereof given to Servicer. 
 (d) Any separate trustee or co-trustee may, at any time,
appoint Trustee its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall
die, become incapable of acting, resign or be removed, all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by Trustee, to the extent permitted by law, without the appointment of a new or successor trustee.
Trustee shall promptly notify Servicer and each Rating Agency of any appointment made pursuant to this Section 9.13. 
 Section 9.14 Representations and Warranties of Trustee. Trustee makes the following representations and warranties on which Seller, Servicer, and Holders may rely: 
 (a) Organization and Good Standing. Trustee is a
                     duly organized, validly existing, and in good standing under the laws of
                    . 
 (b) Power and Authority. Trustee has full power, authority and legal right to execute, deliver, and perform this Agreement and the Related Agreements to which it is a party and has taken all necessary action to
authorize the execution, delivery, and performance by it of this Agreement and the Related Agreements to which it is a party. 
 (c) Enforceability. This Agreement and the Related Agreements to which it is a party have been duly executed and delivered by Trustee and this Agreement and such Related Agreements constitute legal, valid and
binding obligations of Trustee enforceable against Trustee in accordance with their 

  

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respective terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or
hereafter in effect affecting the enforcement of creditors’ rights generally and except as such enforceability may be limited by equitable limitations on the availability of specific remedies. 
 (d) No Consent Required. No approval, authorization, consent, license or other order or action of, or filing or
registration with, any governmental authority, bureau or agency is required in connection with the execution, delivery or performance by Trustee of this Agreement, the Related Agreements or the consummation of the transactions contemplated hereby or
thereby. 
 (e) No Violation. The execution, delivery and performance by Trustee of this Agreement and
the Related Agreements and the consummation of the transactions contemplated hereby and thereby will not conflict with, result in any breach of the terms and provisions of, constitute (with or without notice or lapse of time) a default under, or
result in the creation or disposition of any Lien upon any of its properties pursuant to the terms of, (i) the articles of association or by-laws of Trustee, (ii) any indenture, contract, lease, mortgage, deed of trust or other instrument
or agreement to which Trustee is a party or by which Trustee is bound or to which any of its properties are subject, or (iii) any law, order, rule or regulation applicable to Trustee or its properties of any federal or state regulatory body,
any court, administrative agency or other governmental instrumentality having jurisdiction over Trustee or any of its properties. 
 Section 9.15 Reports by Trustee. Trustee shall provide to any Holder or Certificate Owner who so requests in writing (addressed to the Corporate Trust Office) a copy of any Servicer’s Report, the annual statement described
in Section 3.10, and the annual accountant’s attestation report described in Section 3.11. Trustee may require any Holder or Certificate Owner requesting such report to pay a reasonable sum to cover the cost of
Trustee’s complying with such request. 
 Section 9.16 Tax Returns. Servicer shall prepare or shall cause to
be prepared any tax returns on Form 1065 (or other applicable form) required to be filed by the Trust and shall remit such returns to Trustee for signature at least five days before such returns are due to be filed. Trustee, upon request, will
furnish Servicer with all such information actually known to an Authorized Officer of Trustee as may be reasonably required in connection with the preparation of all tax returns of the Trust, and shall, upon request, execute such returns. Servicer
shall prepare the tax returns of the Trust in accordance with the Code and any regulations (including, to the extent applicable by their terms, proposed regulations) thereunder. 
 Section 9.17 Trustee May Enforce Claims Without Possession of Certificates. All rights of action and claims under this
Agreement or the Certificates may be prosecuted and enforced by Trustee without the possession of any of the Certificates or the production thereof in any proceeding relating thereto, and any such proceeding instituted by Trustee shall be brought in
its own name as trustee. Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of Trustee, its agents and 

  

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counsel, be for the ratable benefit of the Holders in respect of which such judgment has been obtained. 
 ARTICLE X 
 TERMINATION. 
 Section 10.1 Termination of the Trust. (a) The Trust, and the respective obligations and responsibilities of Seller,
Servicer and Trustee hereunder, shall terminate (except as otherwise expressly provided herein) upon the earliest of: (i) the Distribution Date next succeeding the purchase by Servicer at its option, pursuant to Section 10.2, of the
Receivables (other than Defaulted Receivables) remaining in the Trust, (ii) the payment to Holders of all amounts required to be paid to them pursuant to this Agreement or (iii) the Distribution Date next succeeding the month which is six
months after the maturity or the liquidation of the last Receivable held in the Trust and the disposition of any amounts received upon liquidation of any property remaining in the Trust; provided that in no event shall the Trust created by
this Agreement continue beyond the expiration of 21 years from the death of the last survivor of the descendants living on the date of this Agreement of Rose Kennedy of the Commonwealth of Massachusetts. Servicer shall promptly notify Trustee of any
prospective termination pursuant to this Section 10.1. 
 (b) Notice of any termination,
specifying the Distribution Date upon which the Holders may surrender the Certificates to Trustee for payment of the final distribution and cancellation, shall be given promptly by Trustee by letter to Holders of record and the Rating Agencies
mailed not earlier than the 15th day and not later than the 25th day of the month next preceding the specified Distribution Date stating the amount of any such final payment and that the Record Date otherwise applicable to such Distribution Date is
not applicable, payments being made only upon presentation and surrender of the Certificates at the office of Trustee therein specified. Upon presentation and surrender of the Certificates, Trustee shall cause to be distributed to Holders amounts
distributable on such Distribution Date pursuant to Section 4.5. Amounts remaining in the Trust after distribution, or after setting aside all funds required for distribution, to the Holders shall be distributed to the Transferor.

 (c) In the event that all of the Holders shall not surrender their Certificates for cancellation within six
months after the date specified in the above-mentioned written notice, Trustee shall give a second written notice to the remaining Holders to surrender their Certificates for cancellation and receive the final distribution with respect thereto.
Trustee shall, after giving such notice to the remaining Holders, deliver or cause to be delivered to Servicer the Certificate Register. If within one year after the second notice all the Certificates shall not have been surrendered for
cancellation, Servicer may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining Holders concerning surrender of their Certificates, and the cost thereof shall be paid out of the funds and other assets
that shall remain subject to this Agreement. Any funds 

  

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remaining in the Trust after exhaustion of such remedies shall be distributed by Trustee to the Transferor. 
 Section 10.2 Optional Purchase of All Receivables. If the Pool Factor shall be .1000000 or less as of the last day of any
Collection Period, Servicer shall have the option to purchase the remaining Trust Property on any Distribution Date occurring in a subsequent Collection Period. To exercise such option, Servicer shall deposit the aggregate Purchase Amount for the
remaining Receivables (other than Defaulted Receivables) into the Collection Account on the Deposit Date occurring in the month in which such repurchase is to be effected. The payment shall be made in the manner specified in Section 4.4,
and shall be distributed pursuant to Section 4.5. Upon such payment Servicer shall succeed to and own all interests in and to the Trust Property (subject to the rights of the Holders to receive a final distribution on the related
Distribution Date). 
 ARTICLE XI 
 MISCELLANEOUS PROVISIONS. 
 Section 11.1 Amendment. 
 (a) Any term or provision of this Agreement may be amended by Seller, Servicer and Trustee without the consent of any of
the Holders or any other Person subject to subsection (e) of this Section 11.1 and the satisfaction of one of the following conditions: 
 (i) Seller or Servicer delivers an Opinion of Counsel to Trustee to the effect that such amendment will not materially and adversely affect the interests of any Holder; 
 (ii) Seller or Servicer delivers an Officer’s Certificate of Seller or Servicer, respectively, to Trustee to the effect that such
amendment will not materially and adversely affect the interests of any Holder; or 
 (iii) Seller or Servicer delivers to
Trustee written confirmation from each Rating Agency that such amendment will not cause it to downgrade, qualify or withdraw its rating assigned to any of the Certificates; 
 provided, that any amendment entered into pursuant to this Section 11.1(a) shall not significantly change the permitted activities of the Trust. 
 (b) Any term or provision of this Agreement may be amended by Seller, Servicer and Trustee but without the consent of any
of the Holders or any other Person to add, modify or eliminate any provisions as may be necessary or advisable in order to enable Seller, Servicer or any of their Affiliates to comply with or obtain more favorable treatment under any law or
regulation or any accounting rule or principle, it being a condition to any such amendment that the Rating Agency Condition shall have been satisfied, provided, that any amendment 

  

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entered into pursuant to this Section 11.1(b) shall not significantly change the permitted activities of the Trust. 
 (c) This Agreement may also be amended from time to time by Seller, Servicer and Trustee, with the consent of the Majority
Holders 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 Holders; provided, that no such amendment shall
(i) reduce the interest rate or principal amount of any Certificate, change or delay the Final Scheduled Distribution Date of any Certificate without the consent of the Holder of such Certificate, (ii) reduce the percentage of the Note
Balance, the Holders of which are required to consent to any matter without the consent of the Holders of at least the percentage of the Note Balance which were required to consent to such matter before giving effect to such amendment. It will not
be necessary for the consent of any of the Holders 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 any of the Holders provided for in this Agreement) and of evidencing the authorization of the execution thereof by any of the Holders will be subject to such reasonable requirements as Trustee may prescribe, including the establishment
of record dates pursuant to the Depository Agreement. 
 (d) Prior to the execution of any amendment to this
Agreement, Servicer shall provide written notification of the substance of such amendment to each Rating Agency; and promptly after the execution of any such amendment or consent, Servicer shall furnish a copy of such amendment or consent to each
Rating Agency and Trustee. 
 (e) Prior to the execution of any amendment to this Agreement, Seller and
Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all conditions precedent to the execution and delivery of such
amendment have been satisfied. Trustee may, but shall not be obligated to, enter into or execute on behalf of the Trust any such amendment which materially and adversely affects Trustee’s rights, privileges, indemnities, duties or obligations
under this Agreement. Furthermore, notwithstanding anything to the contrary herein, this Agreement may not be amended in any way that would materially and adversely affect Trustee’s rights, privileges, indemnities, duties or obligations under
this Agreement, the Related Agreements or otherwise without the prior written consent of such Person. 
 Section 11.2
Protection of Title to Trust Property. (a) Servicer shall authorize and file such financing statements and cause to be authorized and filed such continuation 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 Holders and Trustee under this Agreement in the Trust Property and in the proceeds thereof. Servicer shall deliver (or cause to be delivered) to Trustee file-stamped copies of, or filing
receipts for, any document filed as provided above, as soon as 

  

 66 

 
available following such filing. If Servicer fails to perform its obligations under this subsection, Trustee may (but shall not be obligated to) do so, at
the expense of Servicer. 
 (b) Neither Seller nor Servicer shall change its name, identity or corporate
structure in any manner that would, could or might make any financing statement or continuation statement filed by Servicer in accordance with subsection (a) “seriously misleading” within the meaning of the UCC, unless it shall
have given Trustee at least five days’ prior written notice thereof and shall have promptly filed appropriate amendments to all previously filed financing statements or continuation statements. 
 (c) Seller and Servicer shall give Trustee at least five days’ prior written notice of any relocation of its
principal executive office if, as a result of such relocation, the applicable provisions of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement. Seller and
Servicer shall at all times maintain each office from which it shall service Receivables, and its principal executive office, within the United States of America. 
 (d) Servicer shall maintain 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 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. 
 (e) Servicer shall maintain its computer systems so that, from and after the time of sale under this Agreement of the Receivables to Trustee, Servicer’s master computer records (including archives) that shall refer to a Receivable
indicate clearly that such Receivable is owned by the Trust. Indication of the Trust’s ownership of a Receivable shall be deleted from or modified on Servicer’s computer systems when, and only when, the Receivable shall be paid or shall
become a Purchased Receivable. 
 (f) If at any time Seller, the Transferor or Servicer shall propose to sell,
grant a security interest in or otherwise transfer any interest in motor vehicle loans and/or retail installment sales contracts to any prospective purchaser, lender or other transferee, Seller, Transferor Servicer, as the case may be, shall give to
such prospective purchaser, lender or other transferee computer tapes, records or printouts (including any restored from 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 Trust. 
 (g) Upon request, Servicer, at its expense, shall furnish to Trustee,
within thirty days, a list of all Receivables then held as part of the Trust, together with a reconciliation of such list to each Schedule of Receivables and to each of 

  

 67 

 
Servicer’s Reports furnished pursuant to Section 3.9 indicating removal of Receivables from the Trust. 
 (h) Servicer shall permit Trustee and its agents, at the expense of Trustee (except after a Servicer Termination Event, in
which case such cost will be at the expense of Servicer), at any time to inspect, audit and make copies of and abstracts from Servicer’s records regarding any Receivables then or previously included in the Trust. 
 Section 11.3 Limitation on Rights of Holders. (a) The death or incapacity of any Holder shall not operate to terminate
this Agreement or the Trust, or entitle the Holder’s legal representatives or heirs to claim an accounting or to take any action or commence any proceeding in any court for a partition or winding up of the Trust, or otherwise affect the rights,
obligations and liabilities of the parties to this Agreement or any of them. 
 (b) No Holder shall have any
right to vote (except as expressly provided herein) or in any manner otherwise control the operation and management of the Trust or the obligations of the parties to this Agreement, nor shall anything set forth in this Agreement, or contained in the
terms of the Certificates, be construed so as to constitute the Holders as partners or members of an association; nor shall any Holder be under any liability to any third party by reason of any action taken pursuant to any provision of this
Agreement. 
 (c) No Holder shall have any right by virtue or by availing itself of any provisions of this
Agreement to institute any suit, action or proceeding in equity or at law upon or under or with respect to this Agreement, unless such Holder previously shall have given to Trustee a written notice of default and of the continuance thereof, as
hereinbefore provided, and unless, with respect to the Class A Certificates, Class A Holders evidencing not less than a majority of the aggregate outstanding principal balance of the Class A Certificates or, with respect to the Class
B Certificates, Class B Holders evidencing not less than a majority of the aggregate outstanding principal balance of the Class B Certificates, shall have made written request upon Trustee to institute such action, suit or proceeding in its own name
as Trustee under the Agreement and shall have offered to Trustee such reasonable indemnity as it may require against the costs, expenses and liabilities to be incurred therein or thereby, and Trustee, for      days after
its receipt of such notice, request and offer of indemnity satisfactory to it, shall have neglected or refused to institute any such action, suit or proceeding; no one or more Holders of Certificates shall have any right in any manner whatever by
virtue or by availing itself or themselves of any provisions of this Agreement to affect, disturb or prejudice the rights of the Holders of any other of the Certificates, or to obtain or seek to obtain priority over or preference to any other such
Holder or to enforce any right under this Agreement, except in the manner provided in this Agreement and for the equal, ratable and common benefit of all Class A Holders or Class B Holders, as the case may be. For the protection and enforcement
of the provisions of this Section 11.3, each Holder and Trustee shall be entitled to such relief as can be given either at law or in equity. 
  

 68 

 Section 11.4 Governing Law. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS 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; EXCEPT THAT THE GRANT OF A SECURITY INTEREST IN THE RESERVE ACCOUNT PROPERTY AND THE PERFECTION, EFFECT OF PERFECTION, AND PRIORITY OF SUCH SECURITY INTEREST SHALL BE GOVERNED BY THE LAWS OF THE STATE OF
                    . 
 Section 11.5 Notices. All demands, notices, and communications under
this Agreement shall be in writing, personally delivered, or sent by telecopier, overnight mail or mailed by certified mail, return receipt requested, and shall be deemed to have been duly given upon receipt (a) in the case of Seller to
                    , Attention:
                    ; (b) in the case of Servicer, to
                    , Attention:
                    ; (c) in the case of Trustee, at the Corporate Trust Office, facsimile number:
                    ; (d) [in the case of Moody’s, at the following address: Moody’s Investors Service, Inc., ABS Monitoring
Department, 99 Church Street, New York, New York 10007, facsimile number: (212) 553-3850]; (e) in the case of [Standard & Poor’s, at the following address: Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc., 25 Broadway, 20th Floor, New York, New York 10004, Attention: Asset Backed Surveillance Department, facsimile number: (212) 208-0030]; and (f) in the case of [Fitch, to One State Street Plaza, 32nd Floor, New York, New York 10004, Attention: Asset-Backed Securities Group, facsimile number: (212) 480-4438]. Any notice required or permitted to be
mailed to a Holder shall be given by first class mail, postage prepaid, at the address of record of such Holder. Any notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not
the Holder shall receive such notice. 
 Section 11.6 Severability of Provisions. If any one or more of
the covenants, provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, provisions or terms shall be deemed severable from the remaining covenants, provisions or terms of this Agreement, and shall
in no way affect the validity or enforceability of the other provisions of this Agreement or of the Certificates or the rights of the Holders thereof. 
 Section 11.7 Assignment. Notwithstanding anything to the contrary contained herein, except as provided in Section 2.5, 3.1, 6.3 and 7.3, this Agreement may not be assigned
by Seller or Servicer. This Agreement may not be assigned by Trustee except as provided by Sections 9.10 through 9.13. 
 Section 11.8 Certificates Nonassessable and Fully Paid. The interests represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for any reason whatsoever, and, upon
authentication thereof by Trustee pursuant to Section 5.1, each Certificate shall be deemed fully paid. 
 Section 11.9 Intention of Parties. (a) The execution and delivery of this Agreement shall constitute an acknowledgment by Seller and Trustee, on behalf of the Holders, that it is intended that the assignment and transfer
herein contemplated constitute a sale and 

  

 69 

 
assignment outright, and not for security, of the Receivables and the other Trust Property, conveying good title thereto free and clear of any liens, from
Seller to the Trust, and that the Receivables and the other Trust Property shall not be a part of Seller’s estate in the event of the insolvency, receivership, conservatorship or the occurrence of another similar event, of, or with respect to,
Seller. In the event that such conveyance is determined to be made as security for a loan made by the Trust or the Holders to Seller, the parties intend that Seller shall have granted to Trustee a security interest in all of Seller’s right,
title and interest in and to the Trust Property conveyed to the Trust pursuant to Section 2.1, and that this Agreement shall constitute a security agreement under applicable law. 
 (b) The execution and delivery of this Agreement shall constitute an acknowledgment by Seller and Trustee on behalf of the
Holders that they intend that the Trust be classified (for Federal tax purposes) as a grantor trust under Subpart E, Part I of Subchapter J of the Internal Revenue Code of which the Holders are owners, rather than as an association taxable as a
corporation. The powers granted and obligations undertaken in this Agreement shall be construed so as to further such intent. 
 Section 11.10 Counterparts. For the purpose of facilitating the execution of this Agreement and for other purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which counterparts shall be
deemed to be an original, and all of which counterparts shall constitute but one and the same instrument. 
 Section 11.11 Further Assurances. Seller and Servicer agree to do and perform, from time to time, any and all acts and to execute any and all further instruments required or reasonably requested by Trustee more fully to effect
the purposes of this Agreement, including without limitation, the authorization of any financing statements or continuation statements relating to the Receivables for filing under the provisions of the UCC of any applicable jurisdiction. 

Section 11.12 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the
Trustee or the Holders, any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges therein provided are cumulative and not exhaustive of any rights, remedies, powers and privileges provided by law. 
 Section 11.13 Regulation AB. The Servicer shall cooperate fully with Seller and the Trust to deliver to Seller and the Trust
(including any of its assignees or designees) any and all statements, reports, certifications, records and any other information necessary in the good faith determination of Seller or the Trust to permit Seller to comply with the provisions of
Regulation AB, together with such disclosures relating to Servicer and the Receivables, or the servicing of the Receivables, reasonably believed by Seller to be necessary in order to effect such compliance. 
  

 70 

 Section 11.14 Information to Be Provided by Trustee. (a) For so long as
Seller is filing reports under the Exchange Act with respect to the Trust, Trustee shall (i) on or before the fifth Business Day of each month, provide to Seller, in writing, such information regarding Trustee as is requested by Seller (if any)
for the purpose of compliance with Item 1117 of Regulation AB; provided, however, that, subject to clause (b)(iv) of this Section 11.14, Trustee shall not be required to provide such information in the event
that there has been no change to the information previously provided by Trustee to Seller, and (ii) as promptly as practicable following notice to or discovery by a Responsible Officer of Trustee of any changes to such information, provide to
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 Trust is filing reports under the Exchange Act, commencing on March 15, [    ], Trustee shall: 
 (i) deliver to Seller a report regarding 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 Trustee, and shall address each of the Servicing Criteria specified in Exhibit D or such
criteria as mutually agreed upon by Seller and 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 Seller a report for inclusion in the Trust’s filing of Exchange Act Form 10-K that attests to, and reports on, the assessment of
compliance made by the Trustee and delivered to 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 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 of 2002) on behalf of the Trust or Seller, a back-up certification substantially in the form attached
hereto as Exhibit E or such form as mutually agreed upon by Seller and Trustee; and 
 (iv) deliver to Seller the
certification substantially in the form attached hereto as Exhibit F or such form as mutually agreed upon by Seller and Trustee regarding any affiliations or relationships (as described in Item 1119 of Regulation AB) between Trustee and
any Item 1119 Party and any Item 1117 Disclosure Item. 
 Trustee acknowledges that the parties
identified in clause (iii) above may rely on the certification provided by Trustee pursuant to such clause in signing a Sarbanes Certification and filing such with the Commission. 
  

 71 

 Section 11.15 Form 8-K Filings. So long as Seller is filing Exchange Act
Reports with respect to the Trust, Trustee shall promptly notify Seller, but in no event later than one (1) Business Day after its occurrence, of any Reportable Event of which a Responsible Officer of Trustee has actual knowledge (other than a
Reportable Event described in clause (a) or (b) of the definition thereof as to which Seller or Servicer has actual knowledge). Trustee shall be deemed to have actual knowledge of any such event to the extent that it relates
to Trustee or any action or failure to act by Trustee. 
 Section 11.16 Indemnification.
[            ] shall indemnify Seller, each Affiliate of Seller and each Person who controls any of such parties (within the meaning of Section 15 of the Securities Act and
Section 20 of the Exchange Act) and the respective present and former directors, officers, employees and agents of each of the foregoing, and shall hold each of them harmless from and against any losses, damages, penalties, fines, forfeitures,
legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon: 
 (a) (A) any untrue statement of a material fact contained or alleged to be contained in the Servicing Criteria assessment and any other information required to be provided by
[            ] to Seller or its affiliates under Sections 11.14 or 11.15 (such information, the “Trustee Provided Information”), or (B) the omission or
alleged omission to state in the Trustee Provided Information a material fact required to be stated in the Trustee Provided Information, or necessary in order to make the statements therein, in the light of the circumstances under which they were
made, not misleading; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely by reference to the related information and not to any other information communicated in connection with a sale
or purchase of securities, without regard to whether the Trustee Provided Information or any portion thereof is presented together with or separately from such other information; or 
 (b) any failure by [            ] to deliver any Servicing
Criteria assessment, information, report, certification, accountants’ letter or other material when and as required under Sections 11.14 and 11.15. 
 (c) In the case of any failure of performance described in clause (a)(ii) of this Section,
[            ] shall promptly reimburse Seller for all costs reasonably incurred in order to obtain the information, report, certification, accountants’ letter or other material not
delivered as required by [            ]. 
 Notwithstanding anything to the
contrary contained herein, in no event shall [                    ] be liable for special, indirect or consequential damages of any kind whatsoever,
including but not limited to lost profits, even if [                    ] has been advised of the likelihood of such loss or damage and regardless of
the form of action. 
  

 72 

 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 HOLDINGS FUNDING, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 FIFTH THIRD BANK, an Ohio banking corporation, Servicer

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	                                       
                                        
            , Trustee

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 SCHEDULE A 
 LOCATION OF RECEIVABLE FILES 
  

  

 S-1 

 EXHIBIT A 
 FORM OF CLASS A CERTIFICATE 
  

             % ASSET BACKED CERTIFICATE, CLASS A 
 Evidencing a fractional undivided interest in the Trust, as defined below, the property of which includes a pool of fixed rate simple interest retail motor vehicle loans and/or retail installment sales contracts (the
“Receivables”) secured by the new and used automobiles and light duty trucks financed thereby (the “Financed Vehicles”) and sold to the Trust by Fifth Third Holdings Funding, LLC. 
 THIS CERTIFICATE REPRESENTS A FRACTIONAL UNDIVIDED INTEREST IN THE TRUST AND DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF
                                        .
THIS CERTIFICATE AND THE RECEIVABLES ARE NOT DEPOSITS AND ARE NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

					
	 NUMBER
	 		 	CUSIP
                                    
	
	  

		 		 	Original Certificate Amount

					
		 	A-1	 	Exhibit A to the Pooling and Servicing Agreement

 THIS CERTIFIES THAT
                                        
is the registered owner of a                      dollars, nonassessable, fully paid, fractional undivided interest in Fifth Third Auto Trust
20[    ]-[    ] (the “Trust”) formed pursuant to a Pooling and Servicing Agreement dated as of
                    , 20     (the “Agreement”) among Fifth Third Holdings Funding, LLC, a Delaware
limited liability company (the “Seller”), Fifth Third Bank, an Ohio banking corporation (the “Servicer”) and
                    , a
                    , as trustee (the “Trustee”). 
 To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Agreement. This Certificate is one of the duly authorized Certificates
designated as “            % Asset Backed Certificates, Class A” (herein called the “Class A Certificates”). Also issued under the Agreement are Certificates
designated as “            % Asset Backed Certificates, Class B” (the “Class B Certificates”). The Class A Certificates and the Class B Certificates are
hereinafter collectively called the “Certificates.” This Certificate is issued under and is subject to the terms, provisions, and conditions of the Agreement, to which the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound. The Trust Property includes (as more fully described in the Agreement) a pool of Receivables, certain monies received under the Receivables after
                         , 20     (the “Cutoff Date”), security interests in
the Financed Vehicles, and proceeds of the foregoing. 
 Subject to the terms and conditions of the Agreement (including the
availability of funds for distributions) and until the obligations created by the Agreement shall have terminated in accordance therewith, there will be distributed, but only from funds on deposit in the Class A Distribution Account, on the
  th day of each month or, if such   th day is not a Business Day, the next succeeding Business Day (each such date, a “Distribution Date”), commencing
                         , 20    , to the Person in whose name this Certificate is
registered at the close of business on the last day of the preceding Collection Period (the “Record Date”), such Holder’s fractional undivided interest in the amounts to be distributed to Class A Holders pursuant to the Agreement
on such Distribution Date. 
 Distributions on this Certificate will be made by Trustee by check mailed to the Holder of
record at its address as it appears in the Certificate Register without the presentation or surrender of this Certificate or the making of any notation hereon, except that with respect to a Certificate registered in the name of a Clearing Agency or
its nominee, distributions will be made by wire transfer of immediately available funds. Except as otherwise provided in the Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by Trustee
of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency maintained for that purpose by Trustee. 
 This Certificate does not purport to summarize the Agreement and reference is hereby made to the Agreement for information with respect to the rights, benefits, obligations and duties evidenced
thereby. 
 Unless the certificate of authentication hereon shall have been executed by an authorized officer of Trustee, by
manual signature, this Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any purpose. 

					
		 	A-2	 	Exhibit A to the Pooling and Servicing Agreement

 Each Holder, by its acceptance of a Certificate or a beneficial interest in a
Certificate, acknowledges and agrees that they intend that the Trust be classified (for Federal tax purposes) as a grantor trust under Subpart E, Part I of Subchapter J of the Internal Revenue Code of which the Holders are owners, rather than as an
association taxable as a corporation. 
 IN WITNESS WHEREOF, Trustee, on behalf of the Trust, and not in its individual
capacity, has caused this Certificate to be duly executed. 
  

			
	 FIFTH THIRD AUTO TRUST 20[  ]-[  ]

		
	 By:
	 	  

		 	 as Trustee

		
	 By:
	 	  

		 	 Authorized Officer

	
	 DATED:

	
	 [SEAL]

	
	 ATTEST:

	
	 Authorized Officer

 Trustee’s Certificate of Authentication: 
 This is one of the Class A Certificates referred to in the within-mentioned Agreement. 
  

			
	                                       
                                  ,

		 	 as Trustee

		
	 By:
	 	  

		 	 Authorized Officer

					
		 	A-3	 	Exhibit A to the Pooling and Servicing Agreement

 EXHIBIT B 
 FORM OF CLASS B CERTIFICATE 
  

             % ASSET BACKED CERTIFICATE, CLASS B 
 Evidencing a fractional undivided interest in the Trust, as defined below, the property of which includes a pool of fixed rate simple interest retail motor vehicle loans and/or retail installment sales contracts (the
“Receivables”) secured by the new and used automobiles and light duty trucks financed thereby (the “Financed Vehicles”) and sold to the Trust by Fifth Third Holdings Funding, LLC. 
 THIS CERTIFICATE REPRESENTS A FRACTIONAL UNDIVIDED INTEREST IN THE TRUST AND DOES NOT REPRESENT AN INTEREST IN OR OBLIGATION OF
                                        
THIS CERTIFICATE AND THE RECEIVABLES ARE NOT DEPOSITS AND ARE NOT INSURED OR GUARANTEED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

					
	 NUMBER
	 		 	CUSIP
                                    
	
	  

		 		 	Original Certificate Amount

					
		 	B-1	 	Exhibit B to the Pooling and Servicing Agreement

 THIS CERTIFIES THAT
                     is the registered owner of a
                     dollars, nonassessable, fully paid, fractional undivided interest in Fifth Third Auto Trust
20[    ]-[    ] (the “Trust”) formed pursuant to a Pooling and Servicing Agreement dated as of             
    , 20     (the “Agreement”) among Fifth Third Holdings Funding, LLC, a Delaware limited liability company (the “Seller”), Fifth Third Bank, an Ohio banking corporation (the
“Servicer”) and                     , a
                    , as trustee (the “Trustee”). 
 To the extent not otherwise defined herein, the capitalized terms used herein have the meanings assigned to them in the Agreement. This Certificate is one of the duly authorized Certificates
designated as “            % Asset Backed Certificates, Class B” (herein called the “Class B Certificates”). Also issued under the Agreement are Certificates
designated as “            % Asset Backed Certificates, Class A” (the “Class A Certificates”). The Class A Certificates and the Class B Certificates are
hereinafter collectively called the “Certificates.” This Certificate is issued under and is subject to the terms, provisions, and conditions of the Agreement, to which the Holder of this Certificate by virtue of the acceptance hereof
assents and by which such Holder is bound. The Trust Property includes (as more fully described in the Agreement) a pool of Receivables, certain monies received under the Receivables after
                 , 20     (the “Cutoff Date”), security interests in the Financed Vehicles, and proceeds of the
foregoing. The rights of the Holder of the Class B Certificates are subordinated to the rights of the Holders of the Class A Certificates to the extent set forth in the Agreement. 
 Subject to the terms and conditions of the Agreement (including the availability of funds for distributions and the subordination of the
Class B Certificates) and until the obligations created by the Agreement shall have terminated in accordance therewith, there will be distributed, but only from funds on deposit in the Class B Distribution Account, on the   th day
of each month or, if such   th day is not a Business Day, the next succeeding Business Day (each such date, a “Distribution Date”), commencing             
    , 20    , to the Person in whose name this Certificate is registered at the close of business on the last day of the preceding Collection Period (the “Record Date”), such
Holder’s fractional undivided interest in the amounts to be distributed to Class B Holders pursuant to the Agreement on such Distribution Date. 
 Distributions on this Certificate will be made by Trustee by check mailed to the Holder of record at its address as it appears in the Certificate Register without the presentation or surrender of this Certificate or
the making of any notation hereon, except that with respect to a Certificate registered in the name of a Clearing Agency or its nominee, distributions will be made by wire transfer of immediately available funds. Except as otherwise provided in the
Agreement and notwithstanding the above, the final distribution on this Certificate will be made after due notice by Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency
maintained for that purpose by Trustee. 
 This Certificate does not purport to summarize the Agreement and reference is
hereby made to the Agreement for information with respect to the rights, benefits, obligations and duties evidenced thereby. 
 Unless the certificate of authentication hereon shall have been executed by an authorized officer of Trustee, by manual signature, this Certificate shall not entitle the holder hereof to any benefit under the Agreement or be valid for any
purpose. 

					
		 	B-2	 	Exhibit B to the Pooling and Servicing Agreement

 Each Holder, by its acceptance of a Certificate or a beneficial interest in a
Certificate, acknowledges and agrees that they intend that the Trust be classified (for Federal tax purposes) as a grantor trust under Subpart E, Part I of Subchapter J of the Internal Revenue Code of which the Holders are owners, rather than as an
association taxable as a corporation. 
 IN WITNESS WHEREOF, Trustee, on behalf of the Trust, and not in its individual
capacity, has caused this Certificate to be duly executed. 
  

			
	 FIFTH THIRD AUTO TRUST 20[    ]-[    ]

		
	 By:
	 	                                       
                          , as Trustee

		
	 By:
	 	  

		 	 Authorized Officer

	
	 DATED:

	
	 [SEAL]

	
	 ATTEST:

	
	 Authorized Officer

 Trustee’s Certificate of Authentication: 
 This is one of the Class B Certificates referred to in the within-mentioned Agreement. 
  

			
	                                       
                              , as Trustee

	
		
	 By:
	 	  

		 	 Authorized Officer

					
		 	B-3	 	Exhibit B to the Pooling and Servicing Agreement

 EXHIBIT C 
 Form of Servicer’s Report 

					
		 	C-1	 	Exhibit C to the Pooling and Servicing Agreement

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

					
	 Servicing Criteria
	  	 Applicable
Servicing Criteria

	 Reference
	  	 Criteria
	  	 
	 	  	General Servicing Considerations	  	 
			
	1122(d)(1)(i)	  	 Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.
	  	
			
	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.
	  	
			
		  	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.
	  	X1
			
	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.
	  	
			
	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.
	  	
			
	1122(d)(2)(vi)	  	 Unissued checks are safeguarded so as to prevent unauthorized access.
	  	
			
	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.
	  	

	 1

	 Solely with regard to deposits made by Trustee.

					
		 	D-1	 	Exhibit D to the Pooling and Servicing Agreement

					
	 Servicing Criteria
	  	 Applicable
Servicing Criteria

	 Reference
	  	 Criteria
	  	 
		  	Investor Remittances and Reporting	  	
			
	1122(d)(3)(i)	  	 Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.
Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed
with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.
	  	
			
	1122(d)(3)(ii)	  	 Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction
agreements.
	  	X
			
	1122(d)(3)(iii)	  	 Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction
agreements.
	  	X
			
	1122(d)(3)(iv)	  	 Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.
	  	X
			
		  	Pool Asset Administration	  	
			
	1122(d)(4)(i)	  	 Collateral or security on pool assets is maintained as required by the transaction agreements or related asset pool documents.
	  	
			
	1122(d)(4)(ii)	  	 Pool assets and related documents are safeguarded as required by the transaction agreements
	  	
			
	1122(d)(4)(iii)	  	 Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

	  	
			
	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.
	  	

					
		 	D-2	 	Exhibit D to the Pooling and Servicing Agreement

					
	 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.

	  	

					
		 	D-3	 	Exhibit D to the Pooling and Servicing Agreement

 EXHIBIT E 
 FORM OF TRUSTEE’S ANNUAL CERTIFICATION 
  

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

 [    ], not in its individual capacity but solely as trustee (the “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 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
Section 1122(b) of Regulation AB (the “Attestation Report”) that were delivered by the Trustee to Seller pursuant to the Pooling and Servicing Agreement (the “Agreement”), dated as of [ ], by and among Fifth Third Bank, an
Ohio banking corporation, Seller, the Trustee and Fifth Third Auto Trust 20[ ]-[ ] (collectively, the “Trustee Information”); 
 (2) To the best of its knowledge, the Trustee Information, 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 Trustee Information; 
 (3) To the best of its knowledge, all of the Trustee Provided Information (as defined in Section 11.16 of the Agreement) required to be provided by the Trustee under the Agreement has
been provided to Seller; and 
 (4) To the best of its knowledge, except as disclosed in the Servicing
Assessment or the Attestation Report, the Trustee has fulfilled its obligations under the Agreement. 
  

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

		
	 Date:
	 	  

					
		 	E-1	 	Exhibit E to the Pooling and Servicing Agreement

 EXHIBIT F 
 FORM OF 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 Certificates. 
 2. As of the date of the Form 10-K, there are no affiliations, as contemplated by
Item 1119 of Regulation AB, between [            ] and any of Fifth Third Bank, a Michigan banking corporation (in its capacities as Originator), Fifth Third Bank, an Ohio banking
corporation (in its capacities as Sponsor, Originator, Servicer and Administrator), Fifth Third Holdings Funding, LLC, Fifth Third Holdings, LLC, the Indenture Trustee, the Owner 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[    ] 
  

			
	 [                    ], as Trustee

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

					
		 	F-1	 	Exhibit F to the Pooling and Servicing AgreementForm of Sale and Servicing Agreement

 Exhibit 10.1 

 FORM OF 
 SALE AND SERVICING
AGREEMENT  
 by and among 
 FIFTH THIRD AUTO TRUST 20[    ]-[    ],  
 as Issuer 
 FIFTH THIRD HOLDINGS FUNDING, LLC,  
 as Seller 
 FIFTH THIRD BANK, 
 an Ohio banking corporation, 
 as Servicer 
 and  
 [                                       
 ], 
 as Indenture Trustee 
 Dated as of [                    ] 

 TABLE OF CONTENTS 
  

					
	 ARTICLE I
	  	 DEFINITIONS AND USAGE
	  	1
			
	 SECTION 1.1
	  	 Definitions
	  	1
			
	 SECTION 1.2
	  	 Other Interpretive Provisions
	  	1
			
	 ARTICLE II
	  	 CONVEYANCE OF TRANSFERRED ASSETS
	  	2
			
	 SECTION 2.1
	  	 Conveyance of Transferred Assets
	  	2
			
	 SECTION 2.2
	  	 Representations and Warranties of the Seller as to Each Receivable
	  	2
			
	 SECTION 2.3
	  	 Repurchase Upon Breach
	  	2
			
	 SECTION 2.4
	  	 Custody of Receivable Files
	  	3
			
	 ARTICLE III
	  	 ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY
	  	5
			
	 SECTION 3.1
	  	 Duties of Servicer
	  	5
			
	 SECTION 3.2
	  	 Collection of Receivable Payments
	  	6
			
	 SECTION 3.3
	  	 Realization Upon Receivables
	  	7
			
	 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
	  	 Servicer’s Certificate
	  	8
			
	 SECTION 3.9
	  	 Annual Officer’s Certificate; Notice of Servicer Replacement Event
	  	8
			
	 SECTION 3.10
	  	 Annual Registered Public Accounting Firm Attestation Reports
	  	9
			
	 SECTION 3.11
	  	 Servicer Expenses
	  	9
			
	 SECTION 3.12
	  	 1934 Act Filings
	  	9
			
	 ARTICLE IV
	  	 DISTRIBUTIONS; ACCOUNTS; STATEMENTS TO THE CERTIFICATEHOLDER AND THE NOTEHOLDERS
	  	9
			
	 SECTION 4.1
	  	 Establishment of Accounts
	  	9
			
	 SECTION 4.2
	  	 Remittances
	  	11
			
	 SECTION 4.3
	  	 Additional Deposits and Payments; Servicer Advances
	  	12
			
	 SECTION 4.4
	  	 Distributions
	  	12
			
	 SECTION 4.5
	  	 Net Deposits
	  	14
			
	 SECTION 4.6
	  	 Statements to Certificateholder and Noteholders
	  	14
			
	 SECTION 4.7
	  	 No Duty to Confirm
	  	15

  

 i 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 [SECTION 4.8
	  	 Interest Rate Swap Agreement.]
	  	15
			
	 ARTICLE V
	  	 THE SELLER
	  	17
			
	 SECTION 5.1
	  	 Representations and Warranties of Seller
	  	17
			
	 SECTION 5.2
	  	 Liability of the Seller; Indemnities
	  	18
			
	 SECTION 5.3
	  	 Merger or Consolidation of, or Assumption of the Obligations of, Seller
	  	19
			
	 SECTION 5.4
	  	 Limitation on Liability of Seller and Others
	  	20
			
	 SECTION 5.5
	  	 Seller May Own Notes
	  	20
			
	 SECTION 5.6
	  	 Sarbanes-Oxley Act Requirements
	  	20
			
	 SECTION 5.7
	  	 Compliance with Organizational Documents
	  	20
			
	 SECTION 5.8
	  	 Perfection Representations, Warranties and Covenants
	  	20
			
	 ARTICLE VI
	  	 THE SERVICER
	  	21
			
	 SECTION 6.1
	  	 Representations of the Servicer
	  	21
			
	 SECTION 6.2
	  	 Indemnities of Servicer
	  	22
			
	 SECTION 6.3
	  	 Merger or Consolidation of, or Assumption of the Obligations of, Servicer
	  	23
			
	 SECTION 6.4
	  	 Limitation on Liability of Servicer and Others
	  	23
			
	 SECTION 6.5
	  	 Delegation of Duties
	  	24
			
	 SECTION 6.6
	  	 The Ohio Bank Not to Resign as Servicer
	  	24
			
	 SECTION 6.7
	  	 Servicer May Own Notes
	  	24
			
	 ARTICLE VII
	  	 REPLACEMENT OF SERVICER
	  	25
			
	 SECTION 7.1
	  	 Replacement of Servicer
	  	25
			
	 SECTION 7.2
	  	 Notification to Noteholders
	  	26
			
	 ARTICLE VIII
	  	 OPTIONAL PURCHASE
	  	26
			
	 SECTION 8.1
	  	 Optional Purchase of Trust Estate
	  	26
			
	 ARTICLE IX
	  	 MISCELLANEOUS PROVISIONS
	  	27
			
	 SECTION 9.1
	  	 Amendment
	  	27
			
	 SECTION 9.2
	  	 Protection of Title
	  	29
			
	 SECTION 9.3
	  	 Other Liens or Interests
	  	30
			
	 SECTION 9.4
	  	 Transfers Intended as Sale; Security Interest
	  	30
			
	 SECTION 9.5
	  	 Notices, Etc
	  	31

  

 ii 

 TABLE OF CONTENTS 
 (continued) 
  

					
			
	 SECTION 9.6
	  	 Choice of Law
	  	31
			
	 SECTION 9.7
	  	 Headings
	  	31
			
	 SECTION 9.8
	  	 Counterparts
	  	32
			
	 SECTION 9.9
	  	 Waivers
	  	32
			
	 SECTION 9.10
	  	 Entire Agreement
	  	32
			
	 SECTION 9.11
	  	 Severability of Provisions
	  	32
			
	 SECTION 9.12
	  	 Binding Effect
	  	32
			
	 SECTION 9.13
	  	 Acknowledgment and Agreement
	  	32
			
	 SECTION 9.14
	  	 Cumulative Remedies
	  	32
			
	 SECTION 9.15
	  	 Nonpetition Covenant
	  	32
			
	 SECTION 9.16
	  	 Submission to Jurisdiction; Waiver of Jury Trial
	  	33
			
	 SECTION 9.17
	  	 Limitation of Liability
	  	33
			
	 SECTION 9.18
	  	 Third-Party Beneficiaries
	  	34
			
	 SECTION 9.19
	  	 Information Requests
	  	34
			
	 SECTION 9.20
	  	 Regulation AB
	  	34
			
	 SECTION 9.21
	  	 Information to Be Provided by the Indenture Trustee
	  	34
			
	 SECTION 9.22
	  	 Form 8-K Filings
	  	36
			
	 SECTION 9.23
	  	 Indemnification
	  	36
			
	 SECTION 9.24
	  	 [Limitations of Rights]
	  	37
			
	 Appendix A
	  	 Definitions
	  	
			
	 Schedule I
	  	 Representations and Warranties with Respect to the Receivables
	  	
	 Schedule II
	  	 Notice Addresses
	  	
			
	 Exhibit A
	  	 Form of Assignment Pursuant to Sale and Servicing Agreement
	  	
	 Exhibit B
	  	 Perfection Representations, Warranties and Covenants
	  	
	 Exhibit C
	  	 Servicing Criteria to Be Addressed in Indenture Trustee’s Assessment of Compliance
	  	
			
	 Exhibit D
	  	 Form of Indenture Trustee’s Annual Certification
	  	
	 Exhibit E
	  	 Form of Indenture Trustee’s Annual Certification Regarding Item 1117 and Item 1119 of Regulation AB
	  	

  

 iii 

 SALE AND 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[    ]-[    ] (the “Issuer”), a Delaware statutory trust, FIFTH THIRD HOLDINGS FUNDING, LLC, a
Delaware limited liability company, as seller (the “Seller”), FIFTH THIRD BANK, an Ohio banking corporation (the “Ohio Bank”), as servicer (in such capacity, the “Servicer”), and
[                    ], a [                    ],
as indenture trustee (the “Indenture Trustee”). 
 WHEREAS, the Issuer desires to purchase from the Seller a
portfolio of motor vehicle receivables, including retail motor vehicle installment sales contracts and/or installment loans that are secured by new and used automobiles and light-duty trucks; 
 WHEREAS, the Seller is willing to sell such portfolio of motor vehicle receivables and related property to the Issuer; and 
 WHEREAS, the Ohio 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 hereto, which also contains rules as to
usage that are applicable herein. 
 SECTION 1.2 Other Interpretive Provisions. For purposes of this Agreement, unless
the context otherwise requires: (a) accounting terms not otherwise defined in this Agreement, and accounting terms partly defined in this Agreement to the extent not defined, shall have the respective meanings given to them under GAAP;
(b) terms defined in Article 9 of the UCC as in effect in the relevant jurisdiction and not otherwise defined in this Agreement are used as defined in that Article; (c) the words “hereof,” “herein” and
“hereunder” and words of similar import refer to this Agreement as a whole and not to any particular provision of this Agreement; (d) references to any Article, Section, Schedule, Appendix or Exhibit are references to Articles,
Sections, Schedules, Appendices and Exhibits in or to this Agreement and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such
Section or definition; (e) the term “including” means “including without limitation”; (f) except as otherwise expressly provided herein, references to any law or regulation refer to that law or regulation as amended
from time to time and include any successor law or regulation; and (g) references to any Person include that Person’s successors and assigns. 
  

					
		 		 	Sale & Servicing Agreement
		 		 	(20[    ]-[    ])

 ARTICLE II 
 CONVEYANCE OF TRANSFERRED ASSETS 
 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 all of the Notes and the Certificate on the Closing Date, the Seller does hereby irrevocably sell, transfer, assign and otherwise convey to the Issuer
without recourse (subject to the obligations herein) all right, title and interest of the Seller, whether now owned or hereafter acquired, in and to the Transferred Assets, described in an Assignment substantially in the form of Exhibit A
delivered on the Closing Date. The sale, transfer, assignment and conveyance made hereunder will not constitute and is not intended to result in an assumption by the Issuer of any obligation of the Seller or the applicable Originator to the
Obligors, the Dealers 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. 
 SECTION 2.2 Representations and Warranties of the Seller as to Each Receivable. The Seller hereby makes the representations and
warranties set forth on Schedule I as to the Receivables sold, transferred, assigned, and otherwise conveyed to the Issuer under this Agreement on which such representations and warranties the Issuer relies in acquiring the Receivables. The
representations and warranties as to each Receivable shall survive the Grant of the Receivables by the Issuer to the Indenture Trustee pursuant to the Indenture. Notwithstanding any statement to the contrary contained herein or in any other
Transaction Document, the Seller shall not be required to notify any insurer with respect to any Insurance Policy obtained by an Obligor or to notify any Dealer about any aspect of the transaction contemplated by the Transaction Documents.

 SECTION 2.3 Repurchase Upon Breach. Upon discovery by any party hereto of a breach of any of the representations
and warranties set forth in Section 2.2 at the time such representations and warranties were made which materially and adversely affects the interests of the Issuer or the Noteholders, the party discovering such breach shall give prompt
written notice thereof to the other parties hereto; provided, that delivery of the Servicer’s Certificate 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 Seller hereunder. If the Seller does not correct or cure such breach prior to the end of the Collection Period which includes the 60th day (or, if the Seller elects, an earlier
date) after the date that the Seller became aware or was notified of such breach, then the Seller shall purchase any Receivable materially and adversely affected by such breach from the Issuer on the Payment Date following the end of such Collection
Period (or, if the Seller elects, an earlier date). Any such breach or failure will not be deemed 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 Seller shall be at a price equal to the Repurchase Price. In consideration for such repurchase, the Seller 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 such Payment Date, or earlier date, if elected by the Seller. Upon payment of such Repurchase Price by the Seller, the Issuer and the Indenture Trustee
shall release and shall execute and deliver such instruments of release, transfer or assignment, in each 

  

					
		 	2	 	Sale & Servicing Agreement
		 		 	(20[    ]-[    ])

 
case without recourse or representation, as shall be reasonably requested of it to vest in the Seller or its designee any Receivable repurchased pursuant
hereto. It is understood and agreed that the right to cause the Seller to purchase (or to enforce the obligations of (x) Fifth Third Holding, LLC, a Delaware limited liability company (“FTH LLC”) under the Purchase Agreement,
(y) the Ohio Bank, under the Ohio Sale Agreement or (z) the Michigan Bank under the Michigan Sale Agreement) to purchase any Receivable as described above shall constitute the sole remedy respecting such breach available to the Issuer and
the Indenture Trustee. Neither the Owner Trustee nor the Indenture Trustee will have any duty to conduct an affirmative investigation as to the occurrence of any condition requiring the repurchase of any Receivable pursuant to this
Section 2.3. [Notwithstanding anything herein to the contrary, (i) the Seller shall only be obligated to pay such Repurchase Price and repurchase the related Receivable to the extent it receives the Repurchase Price from FTH LLC
pursuant to Section 3.3 of the Purchase Agreement and (ii) FTH LLC shall only be obligated to pay such Repurchase Price to the Seller to the extent it receives the Repurchase Price from either the Ohio Bank pursuant to
Section 3.3 of the Ohio Sale Agreement or the Michigan Bank pursuant to Section 3.3 of the Michigan Sale Agreement, as the case may be.] 
 SECTION 2.4 Custody of Receivable Files. 
 (a) Custody.
To assure uniform quality in servicing the Receivables and to reduce administrative costs, the Issuer and the Indenture Trustee, upon the execution and delivery of this Agreement, hereby revocably appoint the Servicer, and the Servicer hereby
accepts such appointment, to act solely on behalf of and for the benefit of the Indenture Trustee as custodian of the following documents or instruments, which are hereby or will hereby be constructively delivered to the Indenture Trustee (or its
agent or designee), 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 form) (the “Receivable
Files”): 
  

	 	 (i)
	 the fully executed original of the retail motor vehicle installment sales contract or promissory note and security agreement 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 therefore has been submitted with the appropriate authority, a guaranty
of title from a Dealer or such other document that the Servicer keeps on file, in accordance with its Customary Servicing Practices, evidencing the security interest of the applicable 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 

  

					
		 	3	 	Sale & Servicing Agreement
		 		 	(20[    ]-[    ])

	 	 (iv)
	 any and all other documents that the Servicer or the Seller keeps on file, in accordance with its Customary Servicing Practices, relating to a Receivable, an
Obligor or a Financed Vehicle. 

 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. 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. 
 (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 6.5). 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.

 (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 6.2, 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 of any kind whatsoever that may be imposed on, incurred by, or asserted against the Issuer or the Indenture Trustee 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 (i) to the Indenture Trustee
or to the Issuer for any portion of any such amount resulting from the 

  

					
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willful misconduct, bad faith or negligence of the Indenture Trustee or the Issuer or (ii) to the Indenture Trustee for any portion of any such amount
resulting from the failure of the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s designee to handle with due care any Certificate of Title or other document released to the Indenture Trustee or the Indenture
Trustee’s agent or designee pursuant to Section 2.4(d). 
 (g) Effective Period and Termination. The
Servicer’s appointment as custodian will become effective as of the Cut-Off Date and will continue in full force and effect until terminated pursuant to this Section. If the Ohio Bank resigns as Servicer in accordance with the provisions of
this Agreement or if all of the rights and obligations of the Servicer have been terminated under Section 7.1, the appointment of the Servicer as custodian hereunder may be terminated by the Indenture Trustee, or by the Noteholders
evidencing not less than a majority of the Outstanding Notes, in the same manner as the Indenture Trustee or such Noteholders may terminate the rights and obligations of the Servicer under Section 7.1. As soon as practicable after any
termination of such appointment, the Servicer will deliver to the Indenture Trustee (or, at the direction of the Indenture Trustee, to its agent) the Receivable Files and the related accounts and records maintained by the Servicer at such place or
places as the Indenture Trustee may reasonably designate. 
 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, 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 hereby accepts such appointment and authorization and agrees to perform the duties of Servicer with respect to the Receivables set forth
herein. 
 (b) 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 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 legal proceeding to 

  

					
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enforce a Receivable or to commence or participate in any other legal proceeding (including a bankruptcy proceeding) relating to or involving a Receivable,
an Obligor or a Financed Vehicle. If the Servicer commences a legal proceeding to enforce a Receivable, the Issuer will thereupon be deemed to have automatically assigned such Receivable 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 enforcement suit or legal proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is not a real party in interest or a holder entitled to
enforce the Receivable, the Issuer will, at the Servicer’s expense and direction, take steps to enforce the Receivable, 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 7.1, and, in any case, in a manner which the Indenture Trustee 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. 
 SECTION 3.2 Collection of
Receivable Payments. 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 other than as required by applicable law, it will promptly purchase such Receivable in the manner provided in Section 3.6. 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. Subject to the proviso of the second sentence of this Section 3.2, the Servicer and its Affiliates 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.
Notwithstanding anything in this Agreement to the contrary, the Servicer may refinance any Receivable and deposit the full Outstanding Principal Balance of such Receivable into the Collection Account. The receivable created by such refinancing shall
not be property of the Issuer. The Servicer and its Affiliates may also sell insurance or debt cancellation products, including products which result in the cancellation of some or all of the 

  

					
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amount of a Receivable upon the death or disability of the Obligor or any casualty with respect to the Financed Vehicle. 
 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 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. The Servicer, in its sole discretion, may in accordance with its Customary
Servicing Practices sell any Receivable’s deficiency balance. 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 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 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) except 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 of a breach of any of the covenants set forth in Section 3.2, 3.3, 3.4 or 3.5 which
materially and adversely affects the interests of the Issuer or the Noteholders, the party discovering such breach shall give prompt written notice thereof to the other parties hereto; provided, that delivery of the Servicer’s
Certificate shall be deemed to constitute prompt notice by the Servicer and the Issuer of such breach; provided, further, that the failure to give such 

  

					
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notice shall not affect any obligation of the Servicer hereunder. If the Servicer does not correct or cure such breach prior to the end of the Collection
Period which includes the 60th day (or, if the Servicer elects, an earlier date) after the date that the Servicer became aware or was notified of such breach, then the Servicer shall purchase any Receivable materially and adversely affected by such
breach from the Issuer on the Payment Date following the end of such Collection Period. Any such breach or failure will not be deemed 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 repurchase, 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 such Payment 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 assignment, in each case without recourse or representation, as shall be reasonably necessary to vest in the Servicer or its designee any Receivable repurchased
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 4.4 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 during each Collection Period. 
 SECTION 3.8 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, and the Indenture Trustee
shall forward such copy to each of the Rating Agencies [and the Swap Counterparty], a Servicer’s Certificate containing all information necessary to make the payments, transfers and distributions pursuant to Sections 4.3 and 4.4
on such Payment Date, together with the written statements to be furnished by the Indenture Trustee to the Noteholders pursuant to Section 4.6 hereof and Section 6.6 of the Indenture. At the sole option of the Servicer, each
Servicer’s Certificate may be delivered in electronic or hard copy format. 
 SECTION 3.9 Annual Officer’s
Certificate; Notice of Servicer Replacement Event. (a) The Servicer will deliver to the Rating Agencies, the Issuer and 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, the Indenture Trustee and each Rating Agency 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. 
  

					
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 (c) 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 3.10 Annual Registered Public Accounting Firm Attestation Reports. On or before the 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 Indenture Trustee, the Servicer, the Seller and each Rating Agency each attestation report on assessments of compliance with the Servicing Criteria with respect to the Servicer
or any Affiliate thereof during the related fiscal year delivered by such accountants pursuant to paragraph (c) of Rule 13a-18 or Rule 15d-18 of the Exchange Act and Item 1122 of Regulation AB. The certification required by this paragraph
may be replaced by any similar certification using other procedures or attestation standards which are now or in the future in use by servicers of comparable assets, or which otherwise comply with any rule, regulation, “no action” letter
or similar guidance promulgated by the Commission. 
 SECTION 3.11 Servicer Expenses. The Servicer shall pay all
expenses (other than expenses described in the definition of Liquidation Proceeds) incurred by it in connection with its activities hereunder, 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) and the Owner Trustee (as described in, and pursuant to the limitations set forth in, Sections 8.1 and 8.2 of the Trust Agreement. 
 SECTION 3.12 1934 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. 
 ARTICLE IV

 DISTRIBUTIONS; ACCOUNTS; 
 STATEMENTS TO THE CERTIFICATEHOLDER 
 AND THE NOTEHOLDERS 
 SECTION 4.1 Establishment of Accounts. (a) The Servicer shall cause to be established: 
  

	 	 (i)
	 For the benefit of the Noteholders [and the Swap Counterparty], in the name of the Indenture Trustee, an Eligible Account (the “Collection
Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders [and the Swap Counterparty], which Eligible Account shall be established by and 

  

					
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maintained with the Indenture Trustee or its designee. No checks shall be issued, printed or honored with respect to the Collection Account.

  

	 	 (ii)
	 [For the benefit of the Noteholders [and the Swap Counterparty], in the name of the Indenture Trustee, an Eligible Account (the “Principal Distribution
Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders [and the Swap Counterparty], which Eligible Account shall be established by and maintained with the Indenture
Trustee or its designee. No checks shall be issued, printed or honored with respect to the Principal Distribution Account.] 

  

	 	 (iii)
	 For the benefit of the Noteholders [and the Swap Counterparty], in the name of the Indenture Trustee, an Eligible Account (the “Reserve
Account”), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders [and the Swap Counterparty], which Eligible Account shall be established by and maintained with the Indenture
Trustee or its designee. No checks shall be issued, printed or honored with respect to the Reserve Account. 

 (b) Funds on deposit in the Collection Account, the Reserve Account and the Principal Distribution Account [and the Swap Termination Payment Account (to the extent such account is established under Section 4.8(b))]
(collectively, the “Trust Accounts”) shall be invested by the Indenture Trustee in Permitted Investments selected in writing by the Servicer and of which the Servicer provides notification (pursuant to standing instructions or
otherwise); provided, that it is understood and agreed that neither the Servicer, the Indenture Trustee nor the Issuer shall be liable for any loss arising from such investment in Permitted Investments. All such Permitted Investments shall be
held by or on behalf of the Indenture Trustee as secured party for the benefit of the Noteholders [and the Swap Counterparty]; provided, that on each Payment Date all interest and other investment income (net of losses and investment
expenses) on funds on deposit in the Collection Account shall be distributed to the Servicer and shall not be available to pay the distributions provided for in Section 4.4. All investments of funds on deposit in the Trust Accounts shall
mature so that such funds will be available on the next Payment Date. No Permitted Investment shall be sold or otherwise disposed of prior to its scheduled maturity unless a default occurs with respect to such Permitted Investment and the Servicer
directs the Indenture Trustee in writing to dispose of such Permitted Investment. 
 (c) The Indenture Trustee shall possess
all right, title and interest in all funds on deposit from time to time in the Trust Accounts and in all proceeds thereof and all such funds, investments and proceeds shall be part of the Trust Estate. Except as otherwise provided herein, the Trust
Accounts shall be under the sole dominion and control of the Indenture Trustee for the benefit of the Noteholders [and the Swap Counterparty]. If, at any time, any Trust Account ceases to be an Eligible Account, the Servicer shall promptly notify
the Indenture Trustee in writing (unless such Trust Account is an account with the Indenture Trustee) and within 10 Business Days (or such longer period as to which each Rating Agency may consent) after becoming aware of the fact, establish a new
Trust Account as an Eligible Account and shall 

  

					
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direct the Indenture Trustee to transfer any cash and/or any investments to such new Trust Account. 
 (d) With respect to the Trust Account Property, the parties hereto agree that: 
  

	 	 (i)
	 any Trust Account Property that consists of uninvested funds shall be held solely in Eligible Accounts and, except as otherwise provided herein, each such
Eligible Account shall be subject to the exclusive custody and control of the Indenture Trustee, and, except as otherwise provided in the Transaction Documents, the Indenture Trustee or its designee shall have sole signature authority with respect
thereto; 

  

	 	 (ii)
	 any Trust Account Property that constitutes Physical Property shall be delivered to the Indenture Trustee or its designee, in accordance with paragraph
(a) of the definition of “Delivery” and shall be held, pending maturity or disposition, solely by the Indenture Trustee or any such designee; 

  

	 	 (iii)
	 any Trust Account Property that is an “uncertificated security” under Article 8 of the UCC and that is not governed by clause (iv) below
shall be delivered to the Indenture Trustee or its designee in accordance with paragraph (c) of the definition of “Delivery” and shall be maintained by the Indenture Trustee or such designee, pending maturity or disposition,
through continued registration of the Indenture Trustee’s (or its designee’s) ownership of such security on the books of the issuer thereof; and 

  

	 	 (iv)
	 any Trust Account Property that is an uncertificated security that is a “book-entry security” (as such term
is defined in Federal Reserve Bank Operating Circular No. 7) held in a securities account at a Federal Reserve Bank and eligible for transfer through the Fedwire® Securities Service
operated by the Federal Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Indenture Trustee or its
designee or a securities intermediary (as such term is defined in Section 8-102(a)(14) of the UCC) acting solely for the Indenture Trustee or such designee, pending maturity or disposition, through continued book-entry registration of such
Trust Account Property as described in such paragraph. 

 SECTION 4.2 Remittances. The Servicer
shall deposit an amount equal to all Collections into the Collection Account within two Business Days after identification; provided, however, that if the Monthly Remittance Condition is satisfied, then the Servicer shall not be
required to deposit into the Collection Account an amount equal to the Collections received during any Collection Period until 11:00 a.m., New York City time, on the following Payment Date (or the Business Day preceding each Payment Date if the
Collection Account is not maintained at the Indenture Trustee). The “Monthly Remittance Condition” shall be deemed to 

  

					
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be satisfied if (i) the Ohio Bank or one of its Affiliates is the Servicer, (ii) no Servicer Replacement Event has occurred and is continuing, and
(iii) the Servicer has a short term debt rating of at least “P-1” from Moody’s and “A-1” from Standard & Poor’s. Notwithstanding the foregoing, the Servicer may remit Collections to the Collection Account
on any other alternate remittance schedule (but not later than the related Payment Date) if the Rating Agency Condition is satisfied with respect to such alternate remittance schedule. Pending deposit into the Collection Account, Collections may be
commingled and 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; Servicer Advances. (a) On each Payment Date, the Servicer and the Seller will deposit into the Collection Account the aggregate Repurchase Price with respect to Repurchased Receivables purchased by the
Servicer pursuant to Section 3.6 or the Seller pursuant to Section 2.3, respectively, on such Payment Date and the Servicer will deposit into the Collection Account all amounts, if any, to be paid under
Section 8.1 in connection with the Optional Purchase. All such deposits with respect to a Payment Date will be made, in immediately available funds by 11:00 a.m., New York City time, on such Payment Date related to such Collection
Period. 
 (b) The Indenture Trustee will, on each Payment Date, withdraw from the Reserve Account the Reserve Account Excess
Amount, if any, for such Payment Date and deposit such amount in the Collection Account. 
 (c) 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
fifth] of Section 4.4(a) and (b) the aggregate scheduled monthly payments due on Receivables but not 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. 
 (d) The Indenture Trustee will, on the Payment Date relating to each Collection Period, withdraw
from the Reserve Account the Reserve Account Draw Amount and deposit such amount in the Collection Account. 
 (e) On the
Closing Date the Seller will deposit, or cause to be deposited from proceeds of the sale of the Notes, into the Reserve Account an amount equal to the Initial Reserve Account Deposit Amount. 
 (f) [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 Distributions. 
 (a) Prior to any acceleration of the Notes pursuant to Section 5.2 of the Indenture, on each Payment Date, the Indenture
Trustee (based on information contained in, and as directed by, the Servicer’s Certificate delivered on or before the related Determination Date pursuant to 

  

					
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Section 3.8) shall make the following deposits and distributions, to the extent of Available Funds, Advances made on such Payment Date pursuant
to Section 4.3(c) and the Reserve Account Draw Amount, on deposit in the Collection Account for such Payment Date, in the following order of priority: 
  

	 	 (i)
	 first, to the Servicer (or any predecessor Servicer, if applicable) for reimbursement of all outstanding Advances; 

  

	 	 (ii)
	 second, to the Servicer, the Servicing Fee and all unpaid Servicing Fees with respect to prior Collection Periods; 

  

	 	 (iii)
	 [third, to the Swap Counterparty, the Net Swap Payment, if any, for such Payment Date;] 

  

	 	 (iv)
	 fourth, pro rata, [(A) to the Swap Counterparty, any Senior Swap Termination Payments for such Payment Date, and (B)] to the Noteholders, the Accrued Note
Interest for the related Interest Period; provided, that if there are not sufficient funds available to pay the entire amount of the Accrued Note Interest, the amounts available will be applied to the payment of such interest on the Notes on
a pro rata basis; 

  

	 	 (v)
	 fifth, to the Principal Distribution Account for distribution to the Noteholders pursuant to Section 8.2(c) of the Indenture, the Principal
Distribution Amount; 

  

	 	 (vi)
	 sixth, to the Reserve Account, any additional amounts required to increase the amount in the Reserve Account up to the Specified Reserve Account Balance;

  

	 	 (vii)
	 seventh, to the Swap Counterparty, any Subordinated Swap Termination Payments for such Payment Date; 

  

	 	 (viii)
	 eighth, to the Owner Trustee and the Indenture Trustee, fees, expenses and indemnification amounts due and owing under the Trust Agreement and the
Indenture, as applicable, which have not been previously paid; and 

  

	 	 (ix)
	 ninth, to or at the direction of the Certificateholder, any funds remaining. 

 Notwithstanding any other provision of this Section 4.4, following the occurrence and during the continuation of an Event of Default which has resulted in an acceleration of the
Notes, the Indenture Trustee shall apply all amounts on deposit in the Collection Account pursuant to Section 5.4(b) of the Indenture. 
 (b) After the payment in full of the Notes[, all amounts payable to the Swap Counterparty] and all other amounts payable under Section 4.4(a), all Collections shall be paid to or in accordance with the
instructions provided from time to time by the Certificateholder. 
  

					
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 SECTION 4.5 Net Deposits. If the Monthly Remittance Condition is satisfied, the
Servicer shall be permitted to deposit into the Collection Account only the net amount distributable to Persons other than the Servicer and its Affiliates on the Payment Date. The Servicer shall, however, account as if all of the deposits and
distributions described herein were made individually. 
 SECTION 4.6 Statements to Certificateholder and Noteholders.
On or before each Determination Date, the Servicer shall deliver to the Indenture Trustee and each Paying Agent, and the Indenture Trustee shall forward (or make available on its website, as described below) such copy to each of the Rating
Agencies[, the Swap Counterparty], the Issuer and to each Noteholder of record as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (to
the extent applicable): 
 (a) the aggregate amount being paid on such Payment Date in respect of interest on and principal of
each Class of Notes; 
 (b) the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance
and the Class A-4 Note Balance, in each case after giving effect to payments on such Payment Date; 
 (c) (i) the amount
on deposit in the Reserve Account and the Specified Reserve Account Balance, each as of the beginning and end of the related Collection Period, (ii) the amount deposited in the Reserve Account in respect of such Payment Date, if any,
(iii) the Reserve Account Draw Amount and the Reserve Account Excess Amount, if any, to be withdrawn from the Reserve Account on such Payment Date, (iv) the balance on deposit in the Reserve Account on such Payment Date after giving effect
to withdrawals therefrom and deposits thereto in respect of such Payment Date and (v) the change in such balance from the immediately preceding Payment Date; 
 (d) the Principal Distribution Amount for such Payment Date; 
 (e) the
Net Pool Balance and the Note Factor as of the close of business on the last day of the preceding Collection Period; 
 (f)
the amount of the Servicing Fee to be paid to the Servicer with respect to the related Collection Period and the amount of any unpaid Servicing Fees; 
 (g) the amount of the Noteholders’ Interest Carryover Shortfall, if any, on such Payment Date and the change in such amount from the preceding Payment Date; 
 (h) the aggregate Repurchase Price with respect to Repurchased Receivables paid by (i) the Servicer and (ii) the Seller with
respect to the related Collection Period; 
 (i) the amount of Advances, if any, on such Payment Date; 
 (j) the amount of Collections for the related Collection Period; 
  

					
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 (k) [the Net Swap Receipts and Net Swap Payment, if any;] 
 (l) [the Senior Swap Termination Payment and Subordinated Swap Termination Payment, if any;] 
 (m) [the Swap Replacement Proceeds, if any; and] 
 (n) [the Swap Termination Payment, if any.] 
 Each amount set forth pursuant to
paragraph (a) or (g) above relating to the Notes shall be expressed as a dollar amount per $1,000 of the Initial Note Balance of the Notes (or Class thereof). 
 The Indenture Trustee will make available via the Indenture Trustee’s internet website all reports or notices required to be
provided by the Indenture Trustee under this Section 4.6, provided, however, that the Indenture Trustee, shall, if requested by any Rating Agency, deliver any reports or notices under this Section 4.6 in writing to
such Rating Agency. Any information that is disseminated in accordance with the provisions of this Section 4.6 shall not be required to be disseminated in any other form or manner; provided, however, any such information
that must be delivered to the Rating Agencies under this Section 4.6 shall be sent by electronic mail to each Rating Agency. The Indenture Trustee will make no representations or warranties as to the accuracy or completeness of such
documents and will assume no responsibility therefor. 
 The Indenture Trustee’s internet website shall be initially
located at “[                    ]” or at such other address as shall be specified by the Indenture Trustee from time to time in writing to
the Noteholders, the Servicer, the Issuer or any Paying Agent. In connection with providing access to the Indenture Trustee’s internet website, the Indenture Trustee may require registration and the acceptance of a disclaimer. The Indenture
Trustee shall not be liable for the dissemination of information in accordance with this Agreement. 
 SECTION 4.7 No Duty
to Confirm. The Indenture 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, and the
Indenture Trustee shall be fully protected in relying upon such Servicer’s Certificate. 
 [SECTION 4.8 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 4.8(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 

  

					
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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 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 fifth] 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 A-4 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 

  

					
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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.] 
 (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 SELLER 
 SECTION 5.1
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 speak as of the execution and delivery of this Agreement and 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 materially and adversely affect the ability of the Seller to perform its obligations under the Transaction Documents or affect the enforceability or collectibility 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 

  

					
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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 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). 
 (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) Lien Filings. The Seller is not aware of any material judgment, ERISA or tax lien filings against the Seller. 
 (f) No Proceedings. There are no actions, suits or 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 collectibility 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. 
 SECTION 5.2 Liability of the Seller; Indemnities. The Seller shall be liable in
accordance herewith only to the extent of the obligations specifically undertaken by the Seller under this Agreement, and hereby agrees to the following: 
 (a) The Seller shall indemnify, defend, and hold harmless the Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders and the Certificateholder 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. 
  

					
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 (b) The Seller will pay any and all taxes levied or assessed upon the Issuer or upon all
or any part of the Trust Estate. 
 (c) Indemnification under this Section 5.2 will survive the resignation or
removal of the Owner Trustee or the Indenture Trustee and the termination of this Agreement and will include, without limitation, reasonable fees and expenses of counsel and expenses of litigation. If the Seller 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 Seller, without interest. 
 (d) The Seller’s obligations under this Section 5.2 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 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 Indenture Trustee or the Owner Trustee either (i) asserts an interest or claim to, or benefit from, Other Assets, or (ii) is deemed to have any such interest, claim to, or benefit in or from Other
Assets, whether by operation of law, legal process, pursuant to applicable provisions of insolvency laws or otherwise (including by virtue of Section 1111(b) of the Bankruptcy Code or any successor provision having similar effect under the
Bankruptcy Code), then the Issuer, the Servicer, the Indenture Trustee or the Owner Trustee further acknowledges and agrees that any such interest, claim or benefit in or from Other Assets is and will be expressly subordinated to the indefeasible
payment in full, which, under the terms of the relevant documents relating to the securitization or conveyance of such Other Assets, are entitled to be paid from, entitled to the benefits of, or otherwise secured by such Other Assets (whether or not
any such entitlement or security interest is legally perfected or otherwise entitled to a priority of distributions or application under applicable law, including insolvency laws, and whether or not asserted against the 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
Indenture Trustee and the Owner Trustee each further acknowledges and agrees that no adequate remedy at law exists for a breach of this Section 5.2(d) and the terms of this Section 5.2(d) may be enforced by an action for
specific performance. The provisions of this Section 5.2(d) will be for the third party benefit of those entitled to rely thereon and will survive the termination of this Agreement. 
 SECTION 5.3 Merger or Consolidation of, or Assumption of the Obligations of, Seller. Any Person (i) into which the Seller may
be merged or consolidated, (ii) resulting from any merger, conversion, or consolidation to which the Seller is 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. Notwithstanding the foregoing, if the Seller enters into any of the foregoing
transactions and is not the surviving entity, (x) the Seller shall deliver to the 

  

					
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Indenture Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such merger, conversion, consolidation or succession and such
agreement of assumption comply with this Section 5.3 and that all conditions precedent, if any, provided for in this Agreement relating to such transaction have been complied with and (y) 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 fully to preserve and protect the
interest of the Issuer and the Indenture Trustee, respectively, in the Receivables, and reciting the details of such filings, or (B) stating that, in the opinion of such counsel, no such action is necessary to preserve and protect such
interest. The Seller will provide notice of any merger, conversion, consolidation, or succession pursuant to this Section 5.3 to the Rating Agencies. Notwithstanding anything herein to the contrary, the execution of the foregoing
agreement of assumption and compliance with clauses (x) and (y) of this Section 5.3 will be conditions to the consummation of any of the transactions referred to in clauses (i), (ii) or
(iii) of this Section 5.3 in which the Seller is not the surviving entity. 
 SECTION 5.4
Limitation on Liability of Seller and Others. The Seller and any officer or employee or agent of the Seller may rely in good faith on the advice of counsel or on any document of any kind, prima facie properly executed and submitted by any
Person respecting any matters arising hereunder. The Seller will not be under any obligation to appear in, prosecute, or defend any legal action that is not incidental to its obligations under this Agreement, and that in its opinion may involve it
in any expense or liability. 
 SECTION 5.5 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. 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 5.6 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 and the Seller, or either of them, to prepare, sign, certify and file any such documents or certifications on behalf of the Issuer. 
 SECTION 5.7 Compliance with Organizational Documents. The Seller shall comply with its limited liability company agreement and other organizational documents. 
 SECTION 5.8 Perfection Representations, Warranties and Covenants. The Seller hereby makes the perfection representations,
warranties and covenants attached hereto as 

  

					
		 	20	 	Sale & Servicing Agreement
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Exhibit B to the Issuer and the Indenture Trustee and the Issuer shall be deemed to have relied on such representations, warranties and covenants
in acquiring the Transferred Assets. 
 ARTICLE VI 
 THE SERVICER 
 SECTION 6.1 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 pursuant to this Agreement 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 materially
and adversely affect the ability of the Servicer to perform its obligations under the Transaction Documents or affect the enforceability or collectibility of the Receivables or any other part of the 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 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 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 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. 
  

					
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 (e) No Proceedings. There are no actions, suits or proceedings pending or, to the
knowledge of the Servicer, threatened against the Servicer before or by any Governmental Authority that (i) assert the invalidity or unenforceability of this Agreement or any of the other Transaction Documents, (ii) seek to prevent the
issuance of the Notes or the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents, (iii) seek any determination or ruling that would materially and adversely affect the performance by
the Servicer of its obligations under this Agreement or any of the other Transaction Documents or the collectibility 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 6.2 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 Indenture Trustee, the Noteholders, the
Certificateholder and the Seller from and against any and all costs, expenses, losses, damages, claims and liabilities, arising out of or resulting from the use, ownership or operation by the Servicer or any Affiliate thereof of a Financed Vehicle.

 (b) The Servicer will indemnify, defend and hold harmless the Issuer, the Owner Trustee and the Indenture Trustee 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 contemplated by this Agreement and the other Transaction Documents) and
costs and expenses in defending against the same. For the avoidance of doubt, the Servicer will not indemnify for any costs, expenses, losses, claims, damages 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 Noteholders, the Certificateholder and the Seller from and against any and all costs, expenses, losses, claims, damages, and liabilities to the extent that such cost, expense, loss, claim, damage, 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; provided,
however, that the Servicer will not indemnify for any costs, expenses, losses, claims, damages 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. 
  

					
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 (d) The Servicer will compensate and indemnify the Owner 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, except to the extent that any cost, expense, loss, claim, damage or liability arises out of or is incurred in connection with the performance by the Indenture Trustee of the duties of a successor Servicer hereunder. 
 (e) Indemnification under this Section 6.2 by the Ohio Bank (or any successor thereto pursuant to Section 7.1) 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 6.2 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 6.3 Merger or Consolidation of, or Assumption of the Obligations of, Servicer. Any Person (i) into which the Servicer
may be merged or consolidated, (ii) resulting from any merger, conversion, or consolidation to which the Servicer is a party, (iii) succeeding to the business of the Servicer, or (iv) of which Fifth Third Bancorp owns, directly or
indirectly, more than 50% of the voting stock or voting power and 50% or more of the economic equity, 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 paper or any further act on the part of any of the parties to this Agreement. Notwithstanding the foregoing, if the Servicer enters into any of the
foregoing transactions and is not the surviving entity, (x) the Servicer shall deliver to the Indenture Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such merger, conversion, consolidation, or succession and
such agreement of assumption comply with this Section 6.3 and that all conditions precedent provided for in this Agreement relating to such transaction have been complied with and (y) the Servicer 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 fully to preserve and protect the
interest of the Issuer and the Indenture Trustee, respectively, in the Receivables, and reciting the details of such filings, or (B) stating that, in the opinion of such counsel, no such action is necessary to preserve and protect such
interests. The Servicer will provide notice of any merger, conversion, consolidation or succession pursuant to this Section 6.3 to the Rating Agencies. Notwithstanding anything herein to the contrary, the execution of the foregoing
agreement of assumption and compliance with clauses (x) and (y) of this Section 6.3 will be conditions to the consummation of any of the transactions referred to in clauses (i), (ii) or
(iii) of this Section 6.3 in which the Servicer is not the surviving entity. 
 SECTION 6.4
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
Noteholders[, the Swap Counterparty] or the Certificateholder, except as provided under this Agreement, for any action 

  

					
		 	23	 	Sale & Servicing Agreement
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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 6.5 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 6.6 The Ohio Bank Not to Resign as Servicer. Subject to the provisions of Sections 6.3
and 6.5, the Ohio 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 Ohio Bank will be communicated to the Issuer and the Indenture 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 and the Indenture 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 Ohio 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 6.7 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 

  

					
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		 		 	(20[    ]-[    ])

 
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. 
 ARTICLE VII 
 REPLACEMENT OF SERVICER 
 SECTION 7.1 Replacement of Servicer. 
 (a) If a
Servicer Replacement Event shall have occurred and be continuing, the Indenture Trustee shall, at the direction of 66 2/3% of the Noteholders, by notice given to the Servicer, the Owner Trustee, the Issuer, the Administrator, the Noteholders[, the Swap Counterparty] and each Rating Agency, 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 Indenture Trustee, acting at the direction of 66 2/3% of the Noteholders, 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 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 Notes 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 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 7.1, 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 

  

					
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		 		 	(20[    ]-[    ])

 
respect to the obligations of the predecessor Servicer that survive its termination as Servicer, including indemnification obligations as set forth in
Section 6.2(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. 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 Indenture Trustee 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. 
 (f) The predecessor Servicer shall be entitled to receive reimbursement for any outstanding
Advances made with respect to the Receivables to the extent funds are available therefore in accordance with Section 4.4. 
 SECTION 7.2 Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Servicer pursuant to this Article VII, the Indenture Trustee will give prompt written notice
thereof to the Owner Trustee, the Issuer, the Administrator, each Rating Agency and to the Noteholders at their respective addresses of record. 
 ARTICLE VIII 
 OPTIONAL PURCHASE 
 SECTION 8.1 Optional Purchase of Trust Estate. If the Ohio Bank is the Servicer, then the Ohio Bank shall have the right at its option (the “Optional Purchase”) 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 4.4(a) (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 fair market value of the Trust Estate (other than the Reserve Account), which amount shall be deposited by the Servicer into the Collection Account on the
Redemption Date. If the Ohio Bank, as 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. 
  

					
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 ARTICLE IX 
 MISCELLANEOUS PROVISIONS 
 SECTION 9.1 Amendment. 
 (a) Any term or provision of this Agreement may be amended by the Seller and the Servicer without the consent of the Indenture Trustee,
any Noteholder, the Issuer, the Swap Counterparty, the Owner Trustee or any other Person subject to subsection (e) of this Section 9.1 and the satisfaction of one of the following conditions: 
  

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

  

	 	 (ii)
	 the Seller or the Servicer delivers an Officer’s Certificate of the Seller or Servicer, respectively, to the Indenture Trustee to the effect that such
amendment will not materially and adversely affect the interests of the Noteholders; or 

  

	 	 (iii)
	 the Seller or the Servicer delivers to the Indenture Trustee written confirmation from each Rating Agency that such amendment will not cause it to downgrade,
qualify or withdraw its rating assigned to any of the Notes; 

 provided, that any amendment entered into pursuant
to this Section 9.1(a) shall not significantly change the permitted activities of the Issuer; [provided, further, 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) Any term or provision of
this Agreement may be amended by the Seller and the Servicer but without the consent of the Indenture Trustee, any Noteholder, [the Swap Counterparty,] the Issuer, the Owner Trustee or any other Person to add, modify or eliminate any provisions as
may be necessary or advisable in order to enable the Seller, the Servicer or any of their Affiliates to comply with or obtain more favorable treatment under any law or regulation or any accounting rule or principle, it being a condition to any such
amendment that the Rating Agency Condition shall have been satisfied [and such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty under this 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)] provided,
that any amendment entered into pursuant to this Section 9.1(b) shall not significantly change the permitted activities of the Issuer. 
  

					
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 (c) This Agreement may also be amended from time to time by the Seller, the Servicer and
the Indenture Trustee, with the consent of the Noteholders evidencing not less than a majority of the Outstanding Note Balance, voting as a single class, 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; provided, that no such amendment shall (i) reduce the interest rate or principal amount of any Note, change or delay the Final Scheduled Payment
Date of any Note without the consent of the Holder of such Note, (ii) reduce the percentage of the Note Balance, the Holders of which are required to consent to any matter without the consent of the Holders of at least the percentage of the
Note Balance which were required to consent to such matter before giving effect to such amendment; [provided, further, that such amendment shall not materially and adversely affect the rights or obligations of the Swap Counterparty under this
Sale and Servicing 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);] provided, further, that the Indenture Trustee may not agree to any amendment to this Agreement if such amendment failed to comply with the requirements of Section 9.2
of the Indenture. It will not be necessary for the consent of Noteholders to approve the particular form of any proposed amendment or consent, but it will be sufficient if such consent approves the substance thereof. The manner of obtaining such
consents (and any other consents of Noteholders provided for in this Agreement) and of evidencing the authorization of the execution thereof by Noteholders 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. 
 (d) Prior to the execution of any
amendment to this Agreement, 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 or consent, the Servicer shall furnish a copy of such
amendment or consent to each Rating Agency and the Indenture Trustee. 
 (e) Prior to the execution of any amendment to this
Agreement, the Seller, the Owner Trustee and the Indenture Trustee shall be entitled to receive and conclusively rely upon an Opinion of Counsel stating that the execution of such amendment is authorized or permitted by this Agreement and that all
conditions precedent to the execution and delivery of such amendment have been satisfied. The Owner Trustee and the Indenture Trustee may, but shall not be obligated to, enter into or execute on behalf of the Issuer any such amendment which
materially and adversely affects the Owner Trustee’s or the Indenture Trustee’s, as applicable, own rights, privileges, indemnities, duties or obligations under this Agreement. Furthermore, notwithstanding anything to the contrary herein,
this Agreement may not be amended in any way that would materially and adversely affect the Owner Trustee’s or the Indenture Trustee’s, as applicable, own rights, privileges, indemnities, duties or obligations under this Agreement, the
Transaction Documents or otherwise without the prior written consent of such Person. 
  

					
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 SECTION 9.2 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 and the Indenture Trustee under this Agreement in the Receivables. 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. 
 (b) None
of the Issuer, the Seller nor the Servicer shall change its name, identity, organizational structure or jurisdiction of organization in any manner that would make any financing statement or continuation statement filed by the Seller in accordance
with paragraph (a) above “seriously misleading” within the meaning of Sections 9-506, 9-507 or 9-508 of the UCC, unless it shall have given the Issuer and the Indenture Trustee at least five days’ prior written notice
thereof and, to the extent necessary, has promptly filed amendments to previously filed financing statements or continuation statements described in paragraph (a) above. 
 (c) The Seller shall give the Issuer and the Indenture Trustee at least five days’ prior written notice of any change of location of
the Seller for purposes of Section 9-307 of the UCC and shall have taken all action prior to making such change (or shall have made arrangements to take such action substantially simultaneously with such change, if it is not possible to take
such action in advance) reasonably necessary or advisable to amend all previously filed financing statements or continuation statements described in paragraph (a) above. 
 (d) 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 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. 
 (e) 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 2.3 hereof, repurchased by FTH LLC pursuant to Section 3.3 of the Purchase Agreement, purchased by the Servicer in accordance with
Section 3.6 hereof, repurchased by the Ohio Bank pursuant to Section 3.3 of the Ohio Sale Agreement or repurchased by the Michigan Bank pursuant to Section 3.3 of the Michigan Sale Agreement. 
 (f) 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 

  

					
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		 		 	(20[    ]-[    ])

 
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. 
 (g) The Servicer, upon receipt of reasonable prior notice, shall permit the Indenture Trustee, the Owner 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. 
 (h) Upon request, the Servicer shall
furnish to the Issuer or to the Indenture Trustee, within thirty 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 9.3 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
and other property transferred to the Issuer against all claims of third parties claiming through or under the Seller. 
 SECTION 9.4 Transfers Intended as Sale; Security Interest. 
 (a) Each of the parties hereto expressly intends
and agrees that the transfers contemplated and effected under this Agreement are complete and absolute sales and transfers rather than pledges or assignments of only a security interest and shall be given effect as such for all purposes. It is
further the intention of the parties hereto that the Receivables and 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
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 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 collectibility 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; 

  

					
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		 		 	(20[    ]-[    ])

	 	 (ii)
	 The conveyance provided for in Section 2.1 shall be deemed to be a grant by the Seller, and the Seller hereby grants, to the Issuer of 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 the Servicer as the Issuer’s agent, of the Receivables Files and any other property as constitute instruments, money,
negotiable documents or chattel paper shall be deemed to be “possession by the secured party” or possession by the purchaser or a person designated by such purchaser, for purposes of perfecting the security interest pursuant to the New
York UCC and the UCC of any other applicable jurisdiction; and 

  

	 	 (iv)
	 Notifications to persons holding such property, and acknowledgments, receipts or confirmations from persons holding such property, shall be deemed to be
notifications to, or acknowledgments, receipts or confirmations from, bailees or agents (as applicable) of the Issuer for the purpose of perfecting such security interest under applicable law. 

 SECTION 9.5 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, and addressed in each case as set forth on Schedule II hereto or at such other address as shall be designated
in a written notice to the other parties hereto. Any notice required or permitted to be mailed to a Noteholder shall be given by first class mail, postage prepaid, at the address of such Noteholder as shown in the Note Register. Delivery shall occur
only upon receipt or reported tender of such communication by an officer of the recipient entitled to receive such notices located at the address of such recipient for notices hereunder; provided, however, that any notice to a Noteholder
mailed within the time prescribed in this Agreement shall be conclusively presumed to have been duly given, whether or not the Noteholder shall receive such notice. 
 SECTION 9.6 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 9.7 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. 
  

					
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 SECTION 9.8 Counterparts. This Agreement may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one and the same instrument. 
 SECTION 9.9 Waivers. No failure or delay on the part of the Servicer, 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 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 9.10 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 9.11 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 9.12 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 9.13 Acknowledgment and
Agreement. By execution below, the Seller expressly acknowledges and consents to the pledge, assignment and 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. 
 SECTION 9.14 Cumulative Remedies. The remedies herein
provided are cumulative and not exclusive of any remedies provided by law. 
 SECTION 9.15 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 

  

					
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		 		 	(20[    ]-[    ])

 
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) none of the parties hereto shall 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 9.16 Submission to
Jurisdiction; Waiver of Jury Trial. Each of the parties hereto hereby irrevocably and unconditionally: 
 (a) submits for
itself and its property in any legal action or proceeding relating to this Agreement or any documents executed and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general
jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of such action or proceeding in any such
court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such Person at its address
determined in accordance with Section 9.5; 
 (d) agrees that nothing herein shall affect the right to effect
service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and 
 (e)
to the extent permitted by applicable law, each party hereto irrevocably waives all right of trial by jury in any action, proceeding or counterclaim based on, or arising out of, under or in connection with this Agreement, any other Transaction
Document, or any matter arising hereunder or thereunder. 
 SECTION 9.17 Limitation of Liability. 
 (a) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by
[            ], not in its individual capacity but solely as Owner Trustee, and in no event shall it have any liability for the representations, warranties, covenants, agreements or other
obligations of the Issuer hereunder or under the Notes or any of the other Transaction Documents or in any of the certificates, notices or agreements delivered pursuant thereto, as to all of which recourse shall be had solely to the assets of the
Issuer. Under no 

  

					
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		 		 	(20[    ]-[    ])

 
circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expense of the Issuer or be liable for the breach or
failure of any obligations, representation, warranty or covenant made or undertaken by the Issuer under the Transaction Documents. For the purposes of this Agreement, in the performance of its duties or obligations hereunder, the Owner Trustee shall
be subject to, and entitled to the benefits of, the terms and provisions of Articles VI, VII and VIII of the Trust Agreement. 
 (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 9.18 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 the Swap Counterparty] shall be an express third party beneficiary hereof and may enforce the provisions hereof as if it
were a party hereto. Except as otherwise provided in this Section, no other Person will have any right hereunder. 
 SECTION
9.19 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 9.20 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 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, 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 9.21 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 

  

					
		 	34	 	Sale & Servicing Agreement
		 		 	(20[    ]-[    ])

 
Seller; provided, however, that, subject to clause (b)(iv) of this Section 9.21, 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 under the Exchange Act with respect to the Issuer, commencing on March 15,
[            ], the Indenture Trustee shall: 
 (1) 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 C or such other criteria as mutually
agreed upon by the Seller and the Indenture Trustee; 
 (2) 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; 
 (3) in the event that modifications are required to the report
regarding the Indenture Trustee’s assessment of compliance with the Servicing Criteria or the registered public accountants report after the delivery of such reports in accordance with clauses (i) and (ii) of this Section 9.21 as
a result of written communications received by the Seller from the Commission or otherwise, then the Indenture Trustee as promptly as practicable following notice to a Responsible Officer of the Indenture Trustee shall provide to the Seller such
modified reports; 
 (4) 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 D or such form as mutually agreed upon by the Seller and the Indenture Trustee; 
  

					
		 	35	 	Sale & Servicing Agreement
		 		 	(20[    ]-[    ])

 (5) deliver to the Seller the certification substantially in the form
attached hereto as Exhibit E or such form as 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 Item 1117 Disclosure Item; and 
 (6) notify the Seller in writing of any
affiliations or relationships (as described in Item 1119 of Regulation AB) between the Indenture Trustee and any Item 1119 Party; provided, that no such notification need be made if the affiliations or relationships are unchanged
from those provided in the notification in the prior calendar year. 
 The Indenture Trustee acknowledges that the parties identified in
clause (4) 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. 
 SECTION 9.22 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 Seller or the Servicer has actual knowledge). The Indenture Trustee shall be deemed to have actual knowledge of any such event to the extent that it
relates to the Indenture Trustee or any action or failure to act by the Indenture Trustee. 
 SECTION 9.23
Indemnification. [            ] shall indemnify the Seller, each Affiliate of the Seller and each Person who controls any of such parties (within the meaning of Section 15 of
the Securities Act and Section 20 of the Exchange Act) and the respective present and former directors, officers, employees and agents of each of the foregoing, and shall hold each of them harmless from and against any losses, damages,
penalties, fines, forfeitures, legal fees and expenses and related costs, judgments, and any other costs, fees and expenses that any of them may sustain arising out of or based upon: 
 (a) (A) any untrue statement of a material fact contained or alleged to be contained in the Servicing Criteria assessment and any
other information required to be provided by [            ] to the Seller or its affiliates under Sections 9.21 or 9.22 (such information, the “Indenture Trustee
Provided Information”), or (B) the omission or alleged omission to state in the Indenture Trustee Provided Information a material fact required to be stated in the Indenture Trustee Provided Information, or necessary in order to make
the statements therein, in the light of the circumstances under which they were made, not misleading; provided, by way of clarification, that clause (B) of this paragraph shall be construed solely by reference to the related
information and not to any other information communicated in connection with a sale or purchase of securities, without regard to whether the Indenture Trustee Provided Information or any portion thereof is presented together with or separately from
such other information; or 
  

					
		 	36	 	Sale & Servicing Agreement
		 		 	(20[    ]-[    ])

 (b) any failure by
[            ] to deliver any Servicing Criteria assessment, information, report, certification, accountants’ letter or other material when and as required under Sections 9.21
and 9.22. 
 (c) In the case of any failure of performance described in clause (a)(ii) of this Section,
[            ] shall promptly reimburse the Seller for all costs reasonably incurred in order to obtain the information, report, certification, accountants’ letter or other material
not delivered as required by [            ]. 
 Notwithstanding
anything to the contrary contained herein, in no event shall [            ] be liable for special, indirect or consequential damages of any kind whatsoever, including but not limited to
lost profits, even if [            ] has been advised of the likelihood of such loss or damage and regardless of the form of action. 
 SECTION 9.24 [Limitations of Rights]. [All of the rights of the Swap Counterparty in, to and under this Agreement (including, but
not limited to, all of the Swap Counterparty’s rights as a third party beneficiary of this Agreement and all of the Swap Counterparty’s rights to receive notice of any action hereunder and to give or withhold consent to any action
hereunder) shall terminate upon the termination of the Interest Rate Swap Agreement in accordance with the terms thereof and the payment in full of all amounts owing to the Swap Counterparty under such Interest Rate Swap Agreement.] 
 [Signatures Follow] 
  

					
		 	37	 	Sale & 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 HOLDINGS FUNDING, LLC, as Seller

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	
	
	 FIFTH THIRD BANK, an Ohio banking corporation, as Servicer

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

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

			
	 FIFTH THIRD AUTO TRUST 20[    ]-[    ]

		
	 By:
	 	 [                                       
 ],

		 	 not in its individual capacity but solely as Owner Trustee

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

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

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

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

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

 SCHEDULE I 
 REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE RECEIVABLES 
 (a)
Characteristics of Receivables. Each Receivable: 
 (i) has been fully and properly executed by the
Obligor thereto; 
 (ii) has either (A) been originated by a Dealer in the ordinary course of such
Dealer’s business to finance the retail sale by a Dealer of the related Financed Vehicle and has been purchased by the applicable Originator in the ordinary course of its respective business or (B) has been originated or acquired directly
by the applicable Originator in accordance with its customary practices; 
 (iii) as of the Closing Date is
secured by a first priority validly perfected security interest in the Financed Vehicle in favor of the applicable Originator, as secured party, or all necessary actions have been commenced that would result in a first priority security interest in
the Financed Vehicle in favor of the applicable Originator, as secured party, which security interest, in either case, is assignable and has been so assigned (w) by the Michigan Bank to FTH LLC, if such Receivables was originated by the
Michigan Bank, (x) by the Ohio Bank to FTH LLC, if such Receivables was originated by the Ohio Bank, (y) by FTH LLC to the Seller and (z) by the Seller to the Issuer; 
 (iv) contains customary and enforceable provisions such that the rights and remedies of the holder thereof are adequate
for realization against the collateral of the benefits of the security; 
 (v) provided, at origination, for
level monthly payments which fully amortize the initial Outstanding Principal Balance over the original term; provided, that the amount of the first or last payment may be different but in no event more than three times the level monthly
payment; 
 (vi) provides for interest at the Contract Rate specified in the Schedule of Receivables; and

 (vii) was originated in the United States. 
 (b) Individual Characteristics. Each Receivable has the following individual characteristics as of the Cut-Off Date: 

(i) each Receivable is secured by a new or used automobile or light-duty truck; 
 (ii) each Receivable has a Contract Rate of no less than [    ]% and not more than
[    ]%; 
  

					
		 	I-1	 	 Schedule I to the
 Sale and Servicing Agreement

 (iii) each Receivable had an original term to maturity of not more than
[        ] months and not less than [        ] months and each Receivable has a remaining term to maturity, as of the Cut-Off Date, of [    ]
month[s] or more; 
 (iv) each Receivable has an Outstanding Principal Balance as of the Cut-Off Date of
greater than or equal to $[            ]; 
 (v)
no Receivable has a scheduled maturity date later than [                    ]; 
 (vi) no Receivable was more than 30 days past due as of the Cut-Off Date; 
 (vii) as of the Cut-Off Date, no Receivable was noted in the records of the Servicer as being the subject of any pending
bankruptcy or insolvency proceeding; 
 (viii) no Receivable is subject to a force-placed Insurance Policy on
the related Financed Vehicle; 
 (ix) each Receivable is a Simple Interest Receivable; 
 (x) each of the Receivables were selected using selection procedures that were not known or intended by the Seller or the
Servicer to be adverse to the Issuer; and 
 (xi) the Dealer of the Financed Vehicle has no participation in,
or other right to receive, any proceeds of such Receivable. 
 (c) Schedule of Receivables. The information with
respect to a Receivable transferred on the Closing Date set forth in the Schedule of Receivables was true and correct in all material respects as of the Cut-Off Date. 
 (d) Compliance with Law. The Receivable complied at the time it was originated or made, in all material respects with all requirements of applicable federal, state and local laws, and
regulations thereunder, including, to the extent applicable, usury laws, the Federal Truth in Lending Act, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Federal Trade Commission Act, the Fair Debt Collection Practices Act, the
Fair Credit Billing Act, the Magnuson-Moss Warranty Act, Federal Reserve Board Regulations B and Z, the Servicemembers Civil Relief Act, state adaptations of the National Consumer Act and of the Uniform Consumer Credit Code and any other consumer
credit, equal opportunity and disclosure laws applicable to that Receivable. 
 (e) Binding Obligation. The Receivable
constitutes the legal, valid and binding payment obligation in writing of the Obligor, enforceable in all respects by the holder thereof in accordance with its terms, 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. 
 (f) Receivable in Force. The Receivable has not been satisfied, subordinated or rescinded nor has the related Financed Vehicle been released from the lien granted by the Receivable in whole or in part.

  

					
		 	I-2	 	 Schedule I to the
 Sale and Servicing Agreement

 (g) No Waiver. As of the Cut-Off Date, no provision of a Receivable has been
waived. 
 (h) No Default. Except for payment delinquencies continuing for a period of not more than 30 days as of the
Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or
lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date. 
 (i) Insurance. The Receivable requires the Obligor thereunder to insure the Financed Vehicle under a physical damage insurance policy. 
 (j) No Government Obligor. The Obligor on the Receivable is not the United States of America or any state thereof or any local
government, or any agency, department, political subdivision or instrumentality of the United States of America or any state thereof or any local government. 
 (k) Assignment. No Receivable has been originated in, or is subject to the laws of, any jurisdiction under which the sale, transfer, assignment, conveyance or pledge of such Receivable
would be unlawful, void, or voidable. The Seller has not entered into any agreement with any Obligor that prohibits, restricts or conditions the assignment of the related Receivable. 
 (l) Good Title. It is the intention of the Seller that the sale, contribution, transfer, assignment and conveyance herein
contemplated constitute an absolute sale, contribution, transfer, assignment and conveyance of the Receivables and that the Receivables not be part of the Seller’s estate in the event of the filing of a bankruptcy petition by or against the
Seller under any bankruptcy law. No Receivable has been sold, transferred, assigned, conveyed or pledged to any Person other than pursuant to the Transaction Documents. As of the Closing Date and immediately prior to the sale and transfer herein
contemplated, the Seller had good and marketable title to each Receivable free and clear of all Liens, and, immediately upon the sale and transfer thereof, the Issuer will have good and marketable title to each Receivable, free and clear of all
Liens (other than Permitted Liens). 
 (m) Filings. All filings (including, without limitation, UCC filings) necessary
in any jurisdiction to give the Issuer a first priority, validly perfected ownership interest in the Receivables (other than the Related Security with respect thereto), and to give the Indenture Trustee a first priority perfected security interest
therein, will be made within ten days of the Closing Date. 
 (n) Priority. The Receivable is not pledged, assigned,
sold, subject to a security interest, or otherwise conveyed other than pursuant to the Transaction Documents. The Seller has not authorized the filing of and is not aware of any financing statements against the Michigan Bank, the Ohio Bank, FTH LLC,
or the Seller that include a description of collateral covering the Receivables other than any financing statement relating to security interests granted under the Transaction Documents or that have been terminated. The Sale and Servicing Agreement
creates a valid and continuing security interest in the Receivable (other than the Related Security with 

  

					
		 	I-3	 	 Schedule I to the
 Sale and Servicing Agreement

 
respect thereto) in favor of the Issuer which security interest is prior to all other Liens (other than Permitted Liens) and is enforceable as such against
all other creditors of and purchasers and assignees from the Seller. 
 (o) Characterization of Receivables. Each
Receivable constitutes either “tangible chattel paper”, an “account”, a “promissory note” or a “payment intangible”, each as defined in the UCC. 
 (p) One Original. There is only one original executed copy of each Receivable in existence. The Servicer (or its agent) has
possession of such original. If such original has been marked, then such original does not have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than to a party to the Transaction
Documents. 
 (q) No Defenses. The Seller has no knowledge either of any facts which would give rise to any right of
rescission, set-off, counterclaim or defense, or of the same being asserted or threatened, with respect to any Receivable. 
 (r) No Repossession. As of the Cut-Off Date, no Financed Vehicle shall have been repossessed. 
  

					
		 	I-4	 	 Schedule I to the
 Sale and Servicing Agreement

 SCHEDULE II 
 NOTICE ADDRESSES 
 If to the Issuer: 
 Fifth Third Auto Trust 20[    ]-[    ] 
 c/o
[             ] 
 [                    ] 
 [                    ] 
 Facsimile no. [                    ] 
 Attention: [                    ] 
 with copies to the Administrator, Fifth Third Bank, an Ohio banking corporation and the Indenture Trustee 
 If to the Owner
Trustee: 
 [                    ]

 [                    ] 
 [                    ] 
 Facsimile no. [                    ] 
 Attention: [                    ] 
 If to the Indenture Trustee: 
 [                    ] 
 [                    ] 
 [                    ] 
 Facsimile no. [                    ] 
 Attention: [                    ] 
 If to Seller: 
 Fifth Third Holdings Funding LLC 
 1701 Golf Road 
 Tower 1, 9th Floor 
 Rolling Meadows, Illinois 60008

 Facsimile no. [                    ]

 Attention: [                    ]

  

					
		 	II-1	 	 Schedule II to the
 Sale and Servicing Agreement

 If to the Servicer or Sponsor: 
 Fifth Third Bank 
 38 Fountain Square Plaza 
 Cincinnati, Ohio 45263 
 Facsimile no.
[                    ] 
 Attention:
[                    ] 
 If to
Moody’s: 
 Moody’s Investors Service, Inc. 
 99 Church Street 
 New York, New York 10007 
 Facsimile no. (212) 298-7139 
 Attention: ABS Monitoring Group 
 If to Standard & Poor’s: 
 Standard & Poor’s Ratings Services 
 55 Water Street 
 New York, New York 10041 
 Facsimile no. (212) 438-2664 
 Attention: Asset Backed Surveillance Group 
 If to Fitch: 
 Fitch Inc. 
 One State Street Plaza, 32nd Floor 
 New York, New York 10004 
 Facsimile: (212) 480-4438 
 Attention: Asset-Backed Securities Group 

 

					
		 	II-2	 	 Schedule II to the
 Sale and Servicing Agreement

 EXHIBIT A 
 FORM OF ASSIGNMENT PURSUANT TO 
 SALE AND SERVICING AGREEMENT 
 [            ] 
 For value received, in accordance with the Sale and Servicing Agreement (the “Agreement”), dated as of
[                    ], between Fifth Third Auto Trust 20[    ]-[    ], a Delaware statutory trust (the
“Issuer”), Fifth Third Holdings Funding, LLC, a Delaware limited liability company (the “Seller”), Fifth Third Bank, an Ohio banking corporation (the “Ohio Bank”), and
[                                        ], a
[                                        ] (the
“Indenture Trustee”), on the terms and subject to the conditions set forth in the Agreement, the Seller does hereby transfer, assign, set over, sell and otherwise convey to the Issuer without recourse (subject to the obligations in
the Agreement) on [                    ], all of its right, title and interest in, to and under the Receivables set forth on the schedule of
Receivables delivered by the Seller to the Issuer on the date hereof (such schedule, the “Schedule of Receivables”), the Collections after the Cut-Off Date, the Receivables Files and the Related Security relating thereto, together
with all of Seller’s rights under the Purchase Agreement and all proceeds of the foregoing; which sale shall be effective as of the Cut-Off Date. 
 The foregoing sale does not constitute and is not intended to result in any assumption by the Issuer of any obligation of the undersigned or the Originator to the Obligors, the Dealers 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 meaning assigned to them in the Agreement. 
 [Remainder of page intentionally left blank.] 
  

					
		 	A-1	 	 Exhibit A to the
 Sale and Servicing Agreement

 IN WITNESS HEREOF, 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:
	 	

  

					
		 	A-2	 	 Exhibit A to the
 Sale and Servicing Agreement

 EXHIBIT B 
 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 and the Indenture Trustee 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 “tangible chattel paper,” “accounts,” “instruments” or “general intangibles,”
within the meaning of the applicable UCC. 
 3. Each Receivable is secured by a first priority validly perfected security interest in the
related Financed Vehicle in favor of the applicable 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 applicable Originator, as secured party. 
 Creation 
 4. Immediately prior to the sale, transfer, 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 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 related Originator 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 caused or will have caused, within ten days after the effective date of this Agreement, the filing of all appropriate financing statements in the proper filing office in the
appropriate jurisdictions under applicable law in order to perfect the sale of the Receivables from the Seller to 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 security
interest in any collateral described in this financing statement will violate the rights of the Secured Party/Purchaser”. 
  

					
		 	B-1	 	 Exhibit B to the
 Sale and Servicing Agreement

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

(i) All original executed copies of each such instrument or tangible chattel paper have been delivered to the Indenture Trustee; or 
 (ii) Such instruments or tangible chattel paper are in the possession of the 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; or 
 (iii) 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. 
 Priority 
 8. Neither the Seller nor the Ohio Bank has authorized the filing of, and is not aware of any financing statements against the Seller or the Ohio Bank that include a description of collateral
covering the Receivables other than any financing statement (i) relating to conveyance of Receivables by the Ohio Bank or the Michigan Bank under the applicable 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 and Servicing Agreement, (iv) relating to the security interest granted to the Indenture Trustee
under the Indenture or (v) that has been terminated. 
 9. Neither the Seller nor the Ohio Bank is aware of any material judgment, ERISA
or tax lien filings against either the Seller or the Ohio Bank. 
 10. None of the instruments 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 the Seller, the Issuer or the Indenture Trustee. 
 Survival of Perfection Representations 
 11. Notwithstanding any other provision of the Sale and Servicing Agreement or any other Transaction Document, the perfection representations, warranties and covenants contained in this Exhibit B 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. 
 No Waiver 
 12. The parties to the Sale and Servicing Agreement shall provide the Rating
Agencies with prompt written notice of any breach of the perfection representations, warranties and covenants contained in this Exhibit B, and shall not, without satisfying the Rating Agency Condition, waive a breach of any of such perfection
representations, warranties or covenants. 
  

					
		 	B-2	 	 Exhibit B to the
 Sale and Servicing Agreement

 Servicer to Maintain Perfection and Priority 
 13. The Servicer covenants that, in order to evidence the interests of the Seller and Issuer under the Sale and Servicing Agreement and the Indenture
Trustee under the Indenture, Servicer shall take such action, or execute and deliver such instruments as may be necessary or advisable (including, without limitation, such actions as are requested by the Indenture Trustee) to maintain and perfect,
as a first priority perfected security interest, the Indenture Trustee’s security interest in the Receivables. The Servicer shall, from time to time and within the time limits established by law, prepare and file, all financing statements,
amendments, continuations, initial financing statements in lieu of a continuation statement, terminations, partial terminations, releases or partial releases, or any other filings necessary or advisable to continue, maintain and perfect the
Indenture Trustee’s security interest in the Receivables as a first-priority perfected security interest. 
  

					
		 	B-3	 	 Exhibit B to the
 Sale and Servicing Agreement

 EXHIBIT C 
 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.
	  	
			
		  	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.
	  	X1
			
	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.
	  	
			
	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.
	  	
			
	1122(d)(2)(vi)	  	 Unissued checks are safeguarded so as to prevent unauthorized access.
	  	
			
	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.
	  	

	 1

	 Solely with regard to deposits made by the Indenture Trustee.

  

					
		 	C-1	 	 Exhibit C to the
 Sale and Servicing Agreement

					
	 Servicing
Criteria
	  	Applicable
Servicing Criteria
	 Reference
	  	 Criteria
	  	 
	 	  	Investor Remittances and Reporting	  	 
	1122(d)(3)(i)	  	 Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.
Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed
with the Commission as required by its rules and regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.
	  	
			
	1122(d)(3)(ii)	  	 Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction
agreements.
	  	X
			
	1122(d)(3)(iii)	  	 Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction
agreements.
	  	X
			
	1122(d)(3)(iv)	  	 Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.
	  	X
			
		  	Pool Asset Administration	  	
			
	1122(d)(4)(i)	  	 Collateral or security on pool assets is maintained as required by the transaction agreements or related asset pool documents.
	  	
			
	1122(d)(4)(ii)	  	 Pool assets and related documents are safeguarded as required by the transaction agreements
	  	
			
	1122(d)(4)(iii)	  	 Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.

	  	
			
	1122(d)(4)(iv)	  	 Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more
than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related asset pool documents.
	  	
			
	1122(d)(4)(v)	  	 The Servicer’s records regarding the accounts and the accounts agree with the Servicer’s records with respect to an obligor’s unpaid principal
balance.
	  	
			
	1122(d)(4)(vi)	  	 Changes with respect to the terms or status of an obligor’s account (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in
accordance with the transaction agreements and related pool asset documents.
	  	
			
	1122(d)(4)(vii)	  	 Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated,
conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements.
	  	
			
	1122(d)(4)(viii)	  	 Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained
on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in
cases where delinquency is deemed temporary (e.g., illness or unemployment).
	  	
			
	1122(d)(4)(ix)	  	 Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.
	  	

  

					
		 	C-2	 	 Exhibit C to the
 Sale and Servicing Agreement

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

	  	

  

					
		 	C-3	 	 Exhibit C to the
 Sale and Servicing Agreement

 EXHIBIT D 
 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 Section 1122(b) of Regulation AB (the “Attestation
Report”) that were delivered by the Indenture Trustee to the Seller pursuant to the Sale and Servicing Agreement (the “Agreement”), dated as of
[                    ], by and among Fifth Third Holdings Funding, LLC, the Seller, the Indenture Trustee and Fifth Third Auto Trust
20[    ]-[    ] (collectively, the “Indenture Trustee Information”); 
 (2) To the best of its knowledge, the Indenture Trustee Information, 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 Indenture Trustee Information; and 
 (3) To the best of its knowledge, all of the Indenture Trustee Provided Information (as defined in
Section 9.23(a) of the Agreement) required to be provided by the Indenture Trustee under the Agreement has been provided to the Seller. 
  

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

		
	 Date:
	 	  

  

					
		 	D-1	 	 Exhibit D to the
 Sale and Servicing Agreement

 EXHIBIT E 
 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 no affiliations, as contemplated by Item 1119 of Regulation AB, between [            ] and any of Fifth
Third Bank, a Michigan banking corporation (in its capacities as Sponsor and Originator), Fifth Third Bank, an Ohio banking corporation (in its capacity as Originator, Servicer and Administrator), Fifth Third Holdings, LLC, Fifth Third Holdings
Funding, LLC, the Indenture Trustee, the Owner 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[    ] 
  

			
	 [                                       
 ], as Indenture Trustee

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  

					
		 	E-1	 	

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

 “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 Ohio Bank, or any successor Administrator under the Administration Agreement. 
 “Advance” has the meaning set forth in Section 4.3(c) of the Sale and 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, and (c) the State of Michigan, the State of Ohio or [the State of Illinois].

 “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 

  

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

 
Trustee on the Closing Date 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 Indenture Trustee and the Servicer, any officer of the Owner Trustee, the Indenture Trustee or the Servicer, as
applicable, who is authorized to act for the Owner Trustee, the Indenture Trustee or the Servicer, as applicable, in matters relating to the Owner Trustee, the Indenture Trustee or the Servicer and who is identified on the list of Authorized
Officers delivered by each of the Owner Trustee, the Indenture Trustee and the Servicer to the Indenture Trustee on the Closing Date (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 Sale and Servicing Agreement and
(vi) Swap Replacement Proceeds, to the extent required to be included in Available Funds pursuant to Section 4.8(f) of the Sale and Servicing Agreement.] 
 “Available Funds Shortfall Amount” means, as of any Payment Date, the amount by which the amounts required to be paid pursuant to clauses [first through fifth] of
Section 4.4(a) of the Sale and Servicing Agreement exceeds the sum of (i) Available Funds for such Payment Date and (ii) Advances made by the Servicer on such Payment Date. 
 “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. 
  

					
		 	2	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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 whether or not subject to ERISA, (ii) a “plan” described by Section 4975(e)(1) of the Code or
(iii) any entity deemed to hold the assets of any of the foregoing by reason of an employee benefit plan’s or other plan’s investment in such entity. 
 “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, [Michigan], Ohio, [Illinois] or New York, or in the state 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. 
 “Certificate” means a certificate evidencing the beneficial interest
of the Certificateholder in the Issuer, substantially in the form of Exhibit A to the Trust Agreement. 
 “Certificate of Title” means, with respect to any Financed Vehicle, the certificate of title or other documentary evidence of ownership of such Financed Vehicle as issued by the department, agency or official of the
jurisdiction (whether in paper or electronic form) in which such Financed Vehicle is titled responsible for accepting applications for, and maintaining records regarding, certificates of title and liens thereon. 
 “Certificate of Trust” means the certificate of trust for the Issuer filed by the Owner Trustee pursuant to the
Statutory Trust Statute. 
 “Certificateholder” means initially,
[                                        ], and
any other Holder of a Certificate. 
 “Class” means a group of Notes whose form is identical except for
variation in denomination, principal amount or owner, and references to “each Class” thus mean each of the Class A-1 Notes, the Class A-2 Notes, the Class A-3 Notes and the Class A-4 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. 
  

					
		 	3	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “Class A-1 Notes” means the Class of auto loan asset backed notes
designated as Class A-1 Notes, issued in accordance with the Indenture. 
 “Class A-2 Final Scheduled Payment
Date” means the Payment Date occurring in [            ]. 
 “Class A-2 Interest Rate” means [    ]% per annum (computed on the basis of a 360-day year of twelve 30-day months). 
 “Class A-2 Note Balance” means, at any time, the Initial Class A-2 Note Balance reduced by all payments of principal made prior to such time on the Class A-2 Notes.

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

 “Class A-3 Notes” means the Class of auto loan asset backed notes designated as Class A-3 Notes,
issued in accordance with the Indenture. 
 “Class A-4 Final Scheduled Payment Date” means the Payment Date
occurring in [            ]. 
 “Class A-4 Interest
Rate” means [the sum of 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] [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. 
  

					
		 	4	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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 4.1 of the Sale and Servicing Agreement. 
 “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 close
of business 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 any Receivable and to the
extent received by the Servicer after the Cut-Off Date, (i) any monthly payment by or on behalf of the Obligor thereunder, (ii) any full or partial prepayment of such Receivable, (iii) all Liquidation Proceeds and (iv) any other
amounts received by the Servicer which, in accordance with the Customary Servicing Practices, would customarily be applied to the payment of accrued interest or to reduce the Outstanding Principal Balance of such Receivable; 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 such Payment Date or
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. 
 “Commission” means the U.S. Securities and Exchange Commission. 
 “Contract Rate” means, with respect to a Receivable, the rate per annum at which interest accrues under the retail motor
vehicle installment sales contract or installment loan evidencing such Receivable. Such rate may be less than the “Annual Percentage Rate” disclosed in the Receivable. 
 “Corporate Trust Office” means: 
 (a) as used with respect to 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
date of the execution of the Indenture is located at [                    ] (facsimile no. 

  

					
		 	5	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 
[            ]), 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 and the Owner Trustee); and 
 (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). 
 “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 [            ].

 “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 with respect to which the earliest of the following shall have
occurred: (a) the date the date on which the related Financed Vehicle has been repossessed by the Servicer; (b) the Servicer has determined in accordance with its Customary Servicing Practices that all amounts that it expects to receive
with respect to the Receivables have been received; and (c) the end of the Collection Period in which the Receivable becomes 120 days or more past due. The Outstanding Principal Balance of any Receivable that becomes a “Defaulted
Receivable” will be deemed to be zero as of the date it becomes a “Defaulted Receivable”. 
 “Definitive Note” means a definitive fully registered Note issued pursuant to Section 2.12 of the Indenture. 
  

					
		 	6	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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(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, or registered in the name of, 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) by delivery thereof to a “securities
intermediary”, endorsed to or registered in the name of the Indenture Trustee or its nominee or custodian, or endorsed in blank, 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 advice 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 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 

  

					
		 	7	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 
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. 
 “Determination Date” means 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 either (a) a segregated account with an Eligible Institution or (b) a segregated
trust account with the corporate trust department of a depository institution acting in its fiduciary capacity organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic
branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as the long-term unsecured debt of such depository institution shall have a credit rating from each Rating Agency in one of
its generic rating categories which signifies investment grade. Any such trust account may be maintained with the Owner Trustee, the Indenture Trustee or any of their respective Affiliates, if such accounts meet the requirements described in
clause (b) of the preceding sentence. 
 “Eligible Institution” means a depository institution
or trust company (which may be the Owner Trustee, the Indenture Trustee or any of their respective Affiliates) organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic
branch of a foreign bank) (a) which at all times has either (i) a long-term senior unsecured debt rating of “Aa2” or better by Moody’s, “AA-” or better by Standard & Poor’s [and “AA” or
better by Fitch, if rated by Fitch] or such other rating that is acceptable to each Rating Agency, as evidenced by a letter from such Rating Agency to the Issuer or the Indenture Trustee, (ii) a certificate of deposit rating of “P-1”
by Moody’s, “A-1+” by Standard & Poor’s [and “F1” by Fitch, if rated by Fitch] or (iii) such other rating that is acceptable to each Rating Agency, as evidenced by a letter from such Rating Agency to the
Issuer or the Indenture Trustee and (b) whose deposits are insured by the Federal Deposit Insurance Corporation. 
 “Eligible Receivable” means a Receivable meeting all of the criteria set forth on Schedule I of each of the Purchase Agreement and the Sale and Servicing Agreement as of the Closing Date. 
  

					
		 	8	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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. 
 “Final Scheduled Payment Date” means, with respect to
(i) the Class A-1 Notes, the Class A-1 Final Scheduled Payment Date, (ii) the Class A-2 Notes, the Class A-2 Final Scheduled Payment Date, (iii) the Class A-3 Notes, the Class A-3 Final Scheduled Payment
Date and (iv) the Class A-4 Notes, the Class A-4 Final Scheduled Payment Date. 
 “Financed
Vehicle” means an automobile or light-duty truck, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable. 
 [“Fitch” means Fitch, 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 governmental proceeding 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. 
  

					
		 	9	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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 trustee under the Indenture.

 “Independent” means, when used with respect to any specified Person, that such Person (i) is in fact
independent of the Issuer, any other obligor upon the Notes, the 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 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 Note Balance, the Initial Class A-3 Note Balance, or the Initial Class A-4 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.] 
  

					
		 	10	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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. 
 “Interest Period” means, with respect to any Payment Date, from and including the
Closing Date (in the case of the first Payment Date) or from and including the preceding Payment Date to but excluding such 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.) 
 “Interest Rate” means (a) with respect to
the Class A-1 Notes, the Class A-1 Interest Rate, (b) with respect to the Class A-2 Notes, the Class A-2 Interest Rate, (c) with respect to the Class A-3 Notes, the Class A-3 Interest Rate or (d) with
respect to the Class A-4 Notes, the Class A-4 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 Michigan Bank, the Ohio Bank, FTH LLC, the Servicer, the Indenture Trustee, the Owner Trustee, any underwriter of the Notes[, any Swap
Counterparty] and any other material transaction party identified by the Seller, the Michigan Bank, the Ohio Bank or FTH LLC to the Indenture Trustee and the Owner Trustee in writing. 
 [“LIBOR” means, with respect to any Interest Period, the London interbank offered rate for deposits in U.S. dollars
having a maturity of one month commencing on the related LIBOR Determination Date which appears on Telerate Page 3750 as of 11:00 a.m., London time, on such LIBOR Determination Date; provided, however, that for the first Interest
Period, LIBOR shall mean an interpolated rate for deposits based on London interbank offered rates for deposits in U.S. Dollars for a period that corresponds to the actual number of days in the first Interest Period. If the rates used to determine
LIBOR do not appear on the Telerate Page 3750, the rates for that day will be determined on the basis of the rates at which deposits in U.S. dollars, having a maturity of one month and in a principal amount of not less than U.S. $1,000,000 are
offered at approximately 11:00 a.m. London time, on such LIBOR Determination Date to prime banks in the London interbank market by the reference banks. The Indenture Trustee will request the principal London office of each of such reference banks to
provide a quotation of its rate. If at least two such quotations are provided, the rate for that day will be the arithmetic mean to the nearest 1/100,000 of 1.00% (0.0000001), with five one-millionths of a percentage point rounded upward, of all
such quotations. If fewer than two such quotations are provided, the rate for that 

  

					
		 	11	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 
day will be the arithmetic mean to the nearest 1/100,000 of 1.00% (0.0000001), with five one-millionths of a percentage point rounded upward, of the offered
per annum rates that one or more leading banks in New York City, selected by the Indenture Trustee (after consulting with the Seller), are quoting as of approximately 11:00 a.m., New York City time, on such LIBOR Determination Date to leading
European banks for United States dollar deposits for that maturity; provided, that if the banks selected as aforesaid are not quoting as mentioned in this sentence, LIBOR in effect for the applicable Interest Period will be LIBOR in effect
for the previous Interest Period. The reference banks are the four major banks in the London interbank market selected by the Indenture Trustee (after consultation with the Seller).] 
 [“LIBOR Determination Date” means the second London Business Day prior to the Closing Date with respect to the first
Payment Date and, as to each subsequent Payment Date, the second London Business Day prior to the immediately preceding Payment Date.] 
 “Lien” means, for any asset or property of a Person, a lien, security interest, mortgage, pledge or encumbrance in, of or on such asset or property in favor of any other Person, except any Permitted
Lien. 
 “Liquidation 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, in
the case of each of the foregoing clauses (a) through (c), net of 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; 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.] 
 “Michigan Bank” means
Fifth Third Bank, a Michigan banking corporation, and its successors and assigns. 
 “Michigan Sale
Agreement” means the Receivables Sale Agreement, dated as of the Closing Date, between FTH LLC and the Michigan Bank, as amended, modified or supplemented from time to time. 
 “Monthly Remittance Condition” has the meaning set forth in Section 4.2 of the Sale and Servicing Agreement.

 “Moody’s” means Moody’s Investors Service, Inc., or any successor that is a nationally
recognized statistical rating organization. 
  

					
		 	12	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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.] 
 “Note” means a Class A-1 Note, Class A-2 Note, Class A-3 Note
or Class A-4 Note, in each case substantially in the forms of Exhibit A to the Indenture. 
 “Note
Balance” means, with respect to any date of determination, for any Class, the Class A-1 Note Balance, the Class A-2 Note Balance, the Class A-3 Note Balance or the Class A-4 Note 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. 
 “Note Owner” means, with respect to a Book-Entry Note, the Person who is the beneficial owner of such Book-Entry Note, as reflected on the books of the Clearing Agency or a Person maintaining an account with such Clearing
Agency (directly as a Clearing Agency Participant or as an indirect participant, in each case in accordance with the rules of such Clearing Agency). 
 “Note Register” and “Note Registrar” have the respective meanings set forth in Section 2.4 of the Indenture. 
 “Noteholder” means, as the context requires, all of the Class A-1 Noteholders, the Class A-2 Noteholders, the
Class A-3 Noteholders and the Class A-4 Noteholders, or any of the Class A-1 Noteholders, the Class A-2 Noteholders, the Class A-3 Noteholders or the Class A-4 Noteholders. 
 “Noteholders’ Interest Carryover Shortfall” means, with respect to any Payment Date, the excess of the sum of the
Noteholders’ Monthly Accrued Interest for the preceding Payment 

  

					
		 	13	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 
Date and any outstanding Noteholders’ Interest Carryover Shortfall on such preceding Payment Date, over 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 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 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 such Class on or prior to such preceding Payment Date. 

“Obligor” means, for any Receivable, each Person obligated to pay such Receivable. 
 “Officer’s Certificate” means (i) with respect to the Issuer, a certificate signed by any Authorized Officer
of the Issuer and (ii) with respect to the Seller, the Ohio Bank, FTH LLC, the Michigan Bank 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 or the Servicer, as applicable. 
 “Ohio Bank” means Fifth Third Bank, an Ohio banking corporation, and its successors and assigns. 
 “Ohio Sale Agreement” means the Receivables Sale Agreement, dated as of the Closing Date, between the Ohio Bank and FTH LLC, as amended, modified or supplemented from time to time. 
 “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 Ohio 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 8.1 of the Sale and Servicing Agreement.

 “Optional Purchase Price” has the meaning set forth in Section 8.1 of the Sale and Servicing
Agreement. 
 “Originator” means, with respect to any Receivable, the Michigan Bank or the Ohio Bank, and
“Originators” means, together, the Michigan Bank and the Ohio 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. 
  

					
		 	14	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “Outstanding” means, as of any date, all Notes (or all Notes of an
applicable Class) theretofore authenticated and delivered under the Indenture except: 
 (i) Notes (or Notes of an applicable
Class) theretofore cancelled by the Note Registrar or delivered to the Note Registrar for cancellation; 
 (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 aggregate principal amount of Outstanding Notes have given any request, demand, authorization, direction, notice,
consent, vote or waiver hereunder or under any Transaction Document, Notes owned by the Issuer, the Seller, 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 Seller, the 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 the Indenture Trustee or any other Person that meets the eligibility
standards for the Indenture Trustee set forth in Section 6.11 of the Indenture and is authorized by the Issuer to make the payments to and distributions from the Principal Distribution Account, including the payment of principal of or
interest on the Notes on behalf of the Issuer. 
 “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. 
  

					
		 	15	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “Payment Default” has the meaning set forth in
Section 5.4(a) of the Indenture. 
 “Permitted Investments” means (a) evidences of
indebtedness, maturing within thirty (30) days after the date of loan thereof, issued by, or guaranteed by the full faith and credit of, the federal government of the USA, (b) repurchase agreements with banking institutions or
broker-dealers registered under the Exchange Act which are fully secured by obligations of the kind specified in clause (a), (c) money market funds (i) rated not lower than the highest rating category from Moody’s and
“AAAm” or “AAAm-g” from Standard & Poor’s or (ii) which are otherwise acceptable to each Rating Agency, as evidenced by a letter from such Rating Agency to the Issuer or the Indenture Trustee,
(d) commercial paper (including commercial paper of any Affiliate of the Seller, the Servicer, the Indenture Trustee or the Owner Trustee) rated, at the time of the investment or contractual commitment to invest therein, at least
“A-1+” (or the equivalent) by Standard & Poor’s and at least “P-1” (or the equivalent) by Moody’s or (e) such other investments acceptable to each Rating Agency, as evidenced by a letter from such Rating
Agency to the Issuer or the Indenture Trustee. 
 “Permitted Liens” means (a) the interest of the
parties under the Transaction Documents, (b) any liens for taxes not due and payable or the amount of which is being contested in good faith by appropriate proceedings and (c) any liens of mechanics, suppliers, vendors, materialmen,
laborers, employees, repairmen and other like liens securing obligations which are not due and payable or the amount or validity of which is being contested in good faith by appropriate proceedings. 
 “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. 
 “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 4.1 of the Sale and Servicing Agreement. 
 “Principal Distribution Amount” means, for any Payment Date, an amount equal to the excess, if any, of (a) the Adjusted Pool Balance as of the end of the Collection Period preceding the related Collection Period, or as
of the Cut-Off Date, in the case of the first Collection Period, over (b) the Adjusted Pool Balance as of the end of the related Collection Period, together with any portion of the Principal Distribution Amount that was to be distributed
as such on any prior Payment Date but was not because sufficient funds were not available to make such distribution; provided, that if the Servicer specifies in the Servicer’s Certificate that amounts on deposit in the Reserve Account
will be included in the Reserve Account Draw Amount on any Payment Date 

  

					
		 	16	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 
in accordance with the provisions set forth in the second sentence of the definition of Reserve Account Draw Amount, then, the Principal Distribution Amount
for such Payment Date will mean an amount equal to the aggregate unpaid Note Balance of all of the outstanding classes of Notes. 
 “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. 
 “Rating Agency” means either or each of Moody’s, Standard & Poor’s [or Fitch], as indicated by the
context. 
 “Rating Agency Condition” means, with respect to any event or circumstance and each Rating
Agency, either (a) written confirmation 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 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. Notwithstanding the foregoing, no Rating Agency has any duty to
review any notice given with respect to any event, and it is understood that such Rating Agency may not actually review notices received by it prior to or after the expiration of the ten (10) day period described in (b) above.
Further, each Rating Agency retains the right to downgrade, qualify or withdraw its rating assigned to all or any of the Notes at any time in its sole judgment even if the Rating Agency Condition with respect to an event had been previously
satisfied pursuant to clause (a) or clause (b) above. 
 “Receivable” means any
retail motor vehicle installment sales contract or installment loan with respect to a new or used automobile or light-duty truck 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 2.4(a) of the Sale and Servicing Agreement. 
 “Record Date” means, unless otherwise
specified in any Transaction Document, with respect to any Payment Date or Redemption Date, (i) for any Definitive Notes and for the Certificates, 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. 
  

					
		 	17	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “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) unpaid principal amount of 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. 
 “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) any proceeds from claims on any Insurance Policy (if such Receivable became a Defaulted Receivable after the Cut-Off Date),
(iii) any other property securing the Receivables, (iv) all rights of the applicable Originator against the related Dealer and (v) all proceeds of the foregoing. 
 [“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 or the Notes 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); 
  

					
		 	18	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 (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 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 Michigan Bank, the Ohio Bank, FTH LLC, the Servicer or the Seller, as applicable. 
 “Repurchased Receivable” means a Receivable purchased by the Ohio Bank pursuant to Section 3.3 of the Ohio Sale Agreement, the Michigan Bank pursuant to Section 3.3 of the Michigan Sale Agreement, by
FTH LLC pursuant to Section 3.3 of the Purchase Agreement, by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement or by the Seller pursuant to Section 2.3 of the Sale and Servicing Agreement.

 “Reserve Account” means the account designated as such, established and maintained pursuant to
Section 4.1 of the Sale and Servicing Agreement. 
 “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, or (b) the amount on deposit in the Reserve Account on such Payment Date. In addition, if the sum of the
amounts in the Reserve Account and the remaining Available Funds after the payments under clauses [first through fifth] of Section 4.4(a) of the Sale and Servicing Agreement 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. 
  

					
		 	19	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “Responsible Officer” means, (a) with respect to the Indenture
Trustee, any officer within the corporate trust department of the Indenture Trustee, including any vice president, assistant vice president, assistant secretary, assistant treasurer, trust officer or any other officer of the Indenture Trustee who
customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity with the
particular subject and who, 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 Managing Director, Director, Vice President, Assistant Vice President, Assistant Treasurer, Assistant Secretary or Associate, or any other officer customarily performing functions
similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular
subject and (c) with respect to the Servicer or Seller, 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. 
 “Sale Agreements” means, collectively, the Ohio Sale Agreement and Michigan Sale Agreement. 
 “Sale and Servicing Agreement” means the Sale and Servicing Agreement, dated as of the Closing Date, among the Seller, the Issuer, the Servicer and the Indenture Trustee, as the
same may be amended, modified or supplemented from time to time. 
 “Sarbanes Certification” has the meaning
set forth in Section 9.21(b)(iii) of the Sale and 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. 
 “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.] 
  

					
		 	20	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “Servicer” means the Ohio Bank, initially, and any replacement Servicer
appointed pursuant to the Sale and 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 for distribution to the Noteholders, which failure continues unremedied for ten business days after discovery thereof by a Responsible Officer of the Servicer or receipt by the Servicer of
written notice thereof from the Indenture Trustee or Noteholders evidencing a majority of the aggregate principal amount of the Outstanding Notes, voting together as a single Class; 
 (b) any failure by the Servicer to duly observe or perform in any material respect any other of its covenants or agreements in the Sale
and Servicing Agreement, which failure materially and adversely affects the rights of the Issuer or the Noteholders, and which continues unremedied for 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 or Noteholders evidencing a majority of the aggregate principal amount of the Outstanding Notes, voting together as a single Class (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 2.3 or Section 3.6 of the Sale and 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 Sale and Servicing Agreement proves to have been incorrect in any material respect when made, which failure materially and adversely affects the rights of the Issuer or the Noteholders,
and which failure continues unremedied for 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 or Noteholders evidencing a majority of the aggregate
principal amount of the Outstanding Notes, voting together as a single Class (it being understood that any repurchase of a Receivable by the Michigan Bank pursuant to Section 3.3 of the Purchase Agreement, by the Seller pursuant to
Section 2.3 of the Sale and Servicing Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement shall be deemed to remedy any incorrect representation or warranty with respect to such
Receivable); or 
 (d) the Servicer suffers a Bankruptcy Event; 
 provided, however, that a delay or failure of performance referred to under clauses (a), (b) or (c) above for a period of 120 days will not constitute
a Servicer Termination Event if such delay or failure was caused by force majeure or other similar occurrence. 
 The
existing or occurrence of any “material instance of noncompliance” (within the meaning of Item 1122 of Regulation AB) shall not create any presumption that any even in clauses (a), (b) or (c) above has
occurred. 
  

					
		 	21	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “Servicer’s Certificate” means the certificate delivered pursuant
to Section 3.8 of the Sale and Servicing Agreement. 
 “Servicing Criteria” means the
“servicing criteria” set forth in Item 1122(d) of Regulation AB. 
 “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. 
 “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. 
 “Sponsor” means
the Michigan Bank. 
 “Standard & Poor’s” means Standard & Poor’s Ratings
Services, a division of The McGraw-Hill Companies, Inc., 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. 
  

					
		 	22	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 [“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 6.5 of the Sale and Servicing Agreement. 
 “Supplemental Servicing Fees” means any and all (i) late fees, (ii) extension fees, (iii) non-sufficient funds charges and (iv) 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 Sale
and 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 4.8(b) of the Sale and Servicing Agreement.] 
 “TIA” or “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended and as in force on the
date hereof, unless otherwise specifically provided. 
 “Transaction Documents” means the Indenture, the
Notes, the Note Depository Agreement, the Sale Agreements, the Sale and Servicing Agreement, the Purchase Agreement, the Administration Agreement[, the Interest Rate Swap Agreement] and the Trust Agreement, as the same may be amended or modified
from time to time. 
  

					
		 	23	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 “Transferred Assets” means (a) the Purchased Assets, (b) all
of the Seller’s rights under the Purchase Agreement and (c) all proceeds of the foregoing. 
 “Trust
Accounts” has the meaning set forth in Section 4.1 of the Sale and Servicing Agreement. 
 “Trust Account Property” means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated
securities or otherwise), and all proceeds of the foregoing. 
 “Trust Agreement” means the Trust Agreement,
dated as of [                    ], as amended and restated by the Amended and Restated Trust Agreement, dated as of the Closing Date, between the
Seller 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 and
Servicing Agreement, the Related Security relating thereto and Collections thereon after the Cut-Off Date, (ii) the Receivable Files, (iii) any refunds in connection with extended service agreements relating to Receivables which became
Defaulted Receivables after the Cut-Off Date, (iv) the rights of the Issuer to the funds on deposit from time to time in the Trust Accounts and any other account or accounts established pursuant to the Indenture or Sale and Servicing Agreement
and all cash, investment property and other property from time to time credited thereto and all proceeds thereof (including investment earnings, net of losses and investment expenses, on amounts on deposit therein), (v) the rights of the
Seller, as buyer, under the Purchase Agreement, [(vi) the rights of the Issuer under the Sale and Servicing Agreement and the Interest Rate Swap 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. 
 “United States” or “USA” means the United
States of America (including all states, the District of Columbia and political subdivisions thereof). 
 [“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.] 
 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. 
  

					
		 	24	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

 SCHEDULE X 
 YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT 
  

			
	 Payment Date
	  	 Yield Supplement
 Overcollateralization Amount

	 Closing Date
	  	 $

		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

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

			
	 Payment Date
	  	 Yield Supplement
 Overcollateralization Amount

		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
		 	X-2	 	Appendix A to the Sale and Servicing
		 		 	Agreement (Trust 20[    ]-[    ])

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