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Exhibit 10.124
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FOURTH AMENDMENT TO 
THIRD AMENDED AND RESTATED SERIES 2009-VFC1 SUPPLEMENT
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This FOURTH AMENDMENT TO THIRD AMENDED AND RESTATED SERIES 2009-VFC1 SUPPLEMENT, dated as of April 17, 2020 (this “Amendment”), is made among Comenity Bank (formerly known as World Financial Network Bank), a Delaware state chartered bank (the “Bank”), as Servicer (“Servicer”), WFN Credit Company, LLC, a Delaware limited liability company (“WFN Credit”), as Transferor (“Transferor”), and U.S. Bank National Association (successor to Deutsche Bank Trust Company Americas), not in its individual capacity but solely as Trustee (“Trustee”) under the Amended and Restated Pooling and Servicing Agreement, dated as of January 30, 1998, as amended and restated as of September 28, 2001 (as further amended as of April 7, 2004, March 23, 2005, October 26, 2007, March 30, 2010, September 30, 2011 and September 1, 2017, and as modified by a Trust Combination Agreement dated as of April 26, 2005, and as further amended, restated or otherwise modified from time to time, the “Agreement”).  Capitalized terms used and not otherwise defined in this Amendment are used as defined in the Agreement, as supplemented by that certain Third Amended and Restated Series 2009-VFC1 Supplement, dated as of April 28, 2017, among the Servicer, the Transferor and the Trustee (as amended, restated or otherwise modified from time to time, the “Series Supplement”).
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Background
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A.     The parties hereto have entered into the Agreement and the Series Supplement.
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B.     The parties hereto wish to amend the Series Supplement as set forth in this Amendment.
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Agreement
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1.     Amendment of the Series Supplement.  
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(a)     Section 2 of the Series Supplement is hereby amended as follows:
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(i)     the definition of “Base Rate” is modified by inserting the phrase “(to the extent not paid by the Transferor)” immediately following the phrase “Class A Non-Use Fee” where it appears therein; 
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(ii)     the definition of “Floating Allocation Percentage” is modified by replacing the phrase “Finance Charge Receivables, Default Amounts or Principal Receivables” where it appears in clause (b) thereof with the phrase “Finance Charge Receivables or Principal Receivables”;
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(iii)     the definition of “Investor Default Amount” is amended and restated in its entirety as follows:
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“Investor Default Amount” means, with respect to any Defaulted Account, an amount equal to the product of (a) the Default Amount and (b) the Investor Default Allocation Percentage for the Monthly Period in which such Account became a Defaulted Account.
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(iv)     the definition of “Investor Percentage” is modified by replacing the phrase “Finance Charge Receivables and Default Amounts” where it appears in clause (a) thereof with the phrase “Finance Charge Receivables”;
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(v)     the following definitions are inserted in appropriate alphabetical order:
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“Investor Default Allocation Percentage” means, with respect to any Monthly Period, the percentage equivalent of a fraction:
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(a)     the numerator of which shall be equal to the Weighted Average Invested Amount for such Monthly Period; and
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(b)     the denominator of which shall be equal to the Weighted Average Floating Allocation Percentage Denominator for such Monthly Period.
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“Weighted Average Floating Allocation Percentage Denominator” means, for any Monthly Period, the quotient of (a) the summation of the amount determined in accordance with paragraph (b) of the definition of “Floating Allocation Percentage” set forth in this Section 2 (including the proviso thereto) as of each day in that Monthly Period, divided by (b) the number of days in that Monthly Period.
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(b     Section 4.10 of the Series Supplement is hereby amended by adding the parenthetical “(to the extent not paid by the Transferor)” immediately following the term “Class A Non-Use Fee” in each place where it appears therein.
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(c)     Exhibits A-1, A-2, A-3 and A-4 to the Series Supplement are hereby amended and restated in their entirety as set forth on Annex A hereto.
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2.     Binding Effect; Ratification.  (a)  This Amendment shall become effective, as of the date first set forth above, when counterparts hereof shall have been executed and delivered by the parties hereto, and thereafter shall be binding on the parties hereto and their respective successors and assigns.
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(b)  On and after the execution and delivery hereof, this Amendment shall be a part of the Series Supplement and each reference in the Series Supplement to “this Series Supplement” or “hereof”, “hereunder” or words of like import, and each reference in any other Transaction Document to the Series Supplement shall mean and be a reference to such Series Supplement as amended hereby.
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(c)  Except as expressly amended hereby, the Series Supplement shall remain in full force and effect and is hereby ratified and confirmed by the parties hereto.  The parties hereto hereby agree that, notwithstanding the amendments effected by Section 1(c), the Certificates currently issued and outstanding under the Series Supplement shall remain valid in form until such Certificates are surrendered and exchanged for new Certificates or are otherwise no longer outstanding.
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3.     Miscellaneous.  (a)  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS.
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(b)  Headings used herein are for convenience of reference only and shall not affect the meaning of this Amendment.

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(c)  This Amendment may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which shall be an original and all of which taken together shall constitute one and the same agreement.  Counterparts of this Amendment may be delivered by facsimile or electronic transmission.
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(d)  The Trustee shall not be responsible for the validity or sufficiency of this Amendment, nor for the recitals contained herein.
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[Signature Pages Follow]
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IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective officers thereunto duly authorized, as of the date first above written.
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	COMENITY BANK, as Servicer

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	By:  /s/ Gregory Opincar

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	Name:  Gregory Opincar

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	Title:  Chief Financial Officer

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	WFN CREDIT COMPANY, LLC, as Transferor

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	By:  /s/ Michael Blackham

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	Name:  Michael Blackham

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	Title:  Treasurer

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	U.S. BANK NATIONAL ASSOCIATION, not in its 
individual capacity, but solely as Trustee

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	By:  /s/ Mirtza J. Escobar

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	Name:  Mirtza J. Escobar

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	Title:  Vice President



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     Acknowledged and consented to in their respective capacities as Class M Holder, as Class B Holder and as Class C Holder.
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	COMENITY BANK, as Class M Holder and as 
Class B Holder

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	By:  /s/ Gregory Opincar

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	Name:  Gregory Opincar

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	Title:  Chief Financial Officer

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	WFN CREDIT COMPANY, LLC, as Class C 
Holder

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	By:  /s/ Michael Blackham

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	Name:  Michael Blackham

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	Title:  Treasurer



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