EX-4.4



 Exhibit 4.4 

EXECUTION COPY 
  

 
 AMERICAN EXPRESS CREDIT ACCOUNT
MASTER TRUST 
 AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 

between 
 AMERICAN EXPRESS
BANK, FSB 
 and 

AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC 

Dated as of July 20, 2016 
  

 







 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	ARTICLE I	  			
		
	DEFINITIONS	  			
			
	Section 1.01.	 	Definitions	  	 	1	  
			
	Section 1.02.	 	Other Definitional Provisions	  	 	10	  
		
	ARTICLE II	  			
		
	PURCHASE AND CONVEYANCE OF RECEIVABLES	  			
			
	Section 2.01	 	Purchase	  	 	11	  
			
	Section 2.02.	 	Addition of Accounts	  	 	12	  
			
	Section 2.03.	 	Removal and Deletion of Accounts	  	 	14	  
		
	ARTICLE III	  			
		
	CONSIDERATION AND PAYMENT	  			
			
	Section 3.01.	 	Purchase Price	  	 	15	  
			
	Section 3.02.	 	Adjustments to Purchase Price	  	 	15	  
			
	Section 3.03.	 	Use of Name, Logo and Marks	  	 	15	  
		
	ARTICLE IV	  			
		
	REPRESENTATIONS AND WARRANTIES	  			
			
	Section 4.01.	 	Representations and Warranties of FSB Relating to FSB	  	 	17	  
			
	Section 4.02.	 	Representations and Warranties of FSB Relating to the Agreement and the Receivables	  	 	18	  
			
	Section 4.03.	 	Representations and Warranties of RFC IV	  	 	19	  
		
	ARTICLE V	  			
		
	COVENANTS	  			
			
	Section 5.01.	 	Covenants of FSB	  	 	21	  
		
	ARTICLE VI	  			
		
	REPURCHASE OBLIGATION	  			
			
	Section 6.01.	 	Reassignment of Ineligible Receivables	  	 	25	  
			
	Section 6.02.	 	Reassignment of Other Receivables	  	 	25	  
		
	ARTICLE VII	  			
		
	CONDITIONS PRECEDENT	  			
			
	Section 7.01.	 	Conditions to RFC IV’s Obligations Regarding Initial Receivables	  	 	27	  


  
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 TABLE OF CONTENTS 

continued 
  


							
	 	 	 	  	Page	 
			
	Section 7.02.	 	Conditions Precedent to FSB’s Obligations	  	 	27	  
		
	ARTICLE VIII	  			
		
	TERM AND PURCHASE TERMINATION	  			
			
	Section 8.01.	 	Term	  	 	29	  
			
	Section 8.02.	 	Purchase Termination	  	 	29	  
		
	ARTICLE IX	  			
		
	MISCELLANEOUS PROVISIONS	  			
			
	Section 9.01.	 	Amendment	  	 	30	  
			
	Section 9.02.	 	Governing Law	  	 	30	  
			
	Section 9.03.	 	Notices	  	 	30	  
			
	Section 9.04.	 	Severability of Provisions	  	 	30	  
			
	Section 9.05.	 	Assignment	  	 	30	  
			
	Section 9.06.	 	Acknowledgement and Agreement of FSB	  	 	31	  
			
	Section 9.07.	 	Further Assurances	  	 	31	  
			
	Section 9.08.	 	No Waiver; Cumulative Remedies	  	 	31	  
			
	Section 9.09.	 	Counterparts	  	 	31	  
			
	Section 9.10.	 	Binding; Third-Party Beneficiaries	  	 	31	  
			
	Section 9.11.	 	Merger and Integration	  	 	32	  
			
	Section 9.12.	 	Headings	  	 	32	  
			
	Section 9.13.	 	Schedules and Exhibits	  	 	32	  
			
	Section 9.14.	 	Survival of Representations and Warranties	  	 	32	  
			
	Section 9.15.	 	Nonpetition Covenant	  	 	32	  
		
	EXHIBIT A: FORM OF SUPPLEMENTAL CONVEYANCE	  	 	A-1	  
		
	SCHEDULE 1: LIST OF ACCOUNTS	  	 	I-1	  


  
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 AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of July 20, 2016, by and
between AMERICAN EXPRESS BANK, FSB, a federally-chartered savings bank (together with its permitted successors and assigns, “FSB”), and AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC, a Delaware limited liability
company (together with its permitted successors and assigns, “RFC IV”). 
 W I T N E S S E T H: 

WHEREAS, RFC IV desires to purchase, from time to time, certain Receivables (hereinafter defined) existing or arising in designated credit or
charge accounts of FSB; 
 WHEREAS, FSB desires to sell and assign, from time to time, certain Receivables to RFC IV upon the terms and
conditions hereinafter set forth; 
 WHEREAS, it is contemplated that the Receivables purchased hereunder will be transferred by RFC IV to
the Trustee under the terms of the Pooling and Servicing Agreement and that the Trust created under the Pooling and Servicing Agreement will issue beneficial interests in the Trust (each capitalized term as hereinafter defined); 

WHEREAS, FSB agrees that all representations, warranties, covenants and agreements made by FSB herein with respect to the Accounts and the
Receivables shall also be for the benefit of the Trust, the Trustee and the Certificateholders (each capitalized term as hereinafter defined); 

WHEREAS, FSB and RFC IV previously entered into the Receivables Purchase Agreement, dated as of April 16, 2004 (the
“Original Agreement”); and 
 WHEREAS, FSB and RFC IV desire to amend and restate the Original Agreement.

 NOW, THEREFORE, it is hereby agreed by and between FSB and RFC IV as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.01. Definitions. All capitalized terms used herein or in any certificate, or document made or delivered
pursuant hereto, and not defined herein or therein, shall have the following meanings: 
 “Account” shall mean
(a) each Initial Account, (b) each Additional Account (but only from and after the Addition Date with respect thereto), (c) each Related Account, and (d) each Transferred Account. The term “Account” shall not include
Deleted Accounts and any Account all of the Receivables in which are reassigned to FSB pursuant to Section 6.01 or Section 6.02. 

“Account Agreement” shall mean, with respect to an Account, the agreement between FSB and the Obligor governing the terms and
conditions of such Account, as such agreement may be amended, modified or otherwise changed from time to time. 







 “Account Schedule” shall mean a computer file or microfiche list containing a
true and complete list of Accounts, identified by account number, and setting forth, with respect to each Account other than the Initial Accounts, the aggregate amount outstanding in such Account (a) on the Distribution Date immediately
succeeding the related Monthly Period (for any Account Schedule relating to New Accounts) and (b) on the Addition Cut-Off Date (for any Account Schedule relating to Aggregate Addition Accounts). 

“Addition Cut-Off Date” shall mean (a) with respect to New Accounts, the later of the dates on which such New Accounts
are originated or designated, and (b) with respect to Aggregate Addition Accounts, the date specified as such in the notice delivered with respect thereto. 

“Addition Date” shall mean (a) with respect to New Accounts, the first Distribution Date following the calendar month in
which falls the later of the dates on which such New Accounts are originated or designated, and (b) with respect to Aggregate Addition Accounts, the date from and after which such Aggregate Addition Accounts are included as Accounts pursuant to
Subsection 2.02(a)(i). 
 “Addition Selection Date” shall mean, for each Aggregate Addition Account, the date specified as
such in the notice delivered with respect thereto pursuant to Subsection 2.02(a). 
 “Additional Account” shall mean each
New Account and each Aggregate Addition Account. 
 “Affiliate” shall mean, with respect to any specified Person, any other
Person controlling or controlled by or under common control with such specified Person. For the purposes of this definition, “control” shall mean the power to direct the management and policies of a Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” shall have meanings correlative to the foregoing. 

“Aggregate Addition Account” means each credit or charge account or line of credit (if, with respect to the line of credit,
the full receivable balance is not due upon receipt of a monthly billing statement (excluding the billing statement with respect to the final payment of such balance) and the line of credit contains an indicator as described in Subsection 2.01(c)),
established pursuant to an Account Agreement between FSB and any Person, which account or line of credit is designated pursuant to Subsection 2.02(a) to be included as an Account and is identified on an Account Schedule delivered pursuant to
Sections 2.01 and 2.02. 
 “Agreement” shall mean this Amended and Restated Receivables Purchase Agreement, as the same may
be amended and supplemented from time to time. 
 “ARR Representations and Warranties” shall have the meaning specified in
the Pooling and Servicing Agreement. 
 “Asset Representations Review” shall have the meaning specified in the Pooling and
Servicing Agreement. 
 “Asset Representations Review Agreement” shall have the meaning specified in the Pooling and
Servicing Agreement. 

  
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 “Asset Representations Reviewer” shall have the meaning specified in the Pooling
and Servicing Agreement. 
 “Average Rate” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Business Day” shall mean any day other than (a) a Saturday or Sunday or (b) any other day on which national
banking associations, federal savings banks or state banking institutions in New York, New York, or any other State in which the principal executive offices of FSB are located, are authorized or obligated by law, executive order or governmental
decree to be closed. 
 “Cash Advance Fees” shall mean cash advance transaction fees and cash advance late fees, if any, as
specified in any Account Agreement applicable to an Account. 
 “Certificateholder” shall have the meaning specified in the
Pooling and Servicing Agreement. 
 “Closing Date” shall mean the close of business on April 16, 2004. 

“Collection Account” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Collections” shall mean all payments (including Recoveries and Insurance Proceeds) received in respect of the Receivables,
in the form of cash, checks, wire transfers, electronic transfers, ATM transfers or any other form of payment. 

“Conveyance” shall have the meaning specified in Subsection 2.01(a). 

“Covered Representations” shall have the meaning specified in the Asset Representations Review Agreement. 

“Credit Guidelines” shall mean the policies and procedures of FSB, as such policies and procedures may be amended from time
to time, (a) relating to the operation of its credit or charge business, as the case may be, which generally are applicable to its portfolio of similar accounts, including the policies and procedures for determining the creditworthiness of
customers and the extension of credit or charge privileges to customers, and (b) relating to the maintenance of accounts and collection of related receivables. 

“Date of Processing” shall mean, with respect to any transaction or receipt of Collections, the Business Day after such
transaction is first output, in written form under the Servicer’s customary and usual practices, from the Servicer’s computer file of Accounts and accounts comparable to the Accounts (without regard to the effective date of recordation).

 “Debtor Relief Laws” shall mean (a) the United States Bankruptcy Code and (b) all other applicable
liquidation, conservatorship, bankruptcy, moratorium, rearrangement, 

  
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receivership, insolvency, reorganization, suspension of payments, readjustment of debt, marshalling of assets, assignment for the benefit of creditors and similar debtor relief laws from time to
time in effect in any jurisdiction affecting the rights of creditors generally or the rights of creditors of banks. 
 “Defaulted
Receivable” shall mean a Principal Receivable which is charged off as uncollectible in accordance with the Credit Guidelines and the Servicer’s customary and usual servicing procedures for servicing accounts comparable to the Accounts.
A Principal Receivable shall become a Defaulted Receivable on the Date of Processing on which such Principal Receivable is recorded as charged-off on the Servicer’s computer file of Accounts. 

“Deleted Account” shall mean any Removed Account as to which there are no Receivables arising therein owned by RFC IV. 

“Determination Date” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Distribution Date” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Eligible Account” shall mean a credit or charge account or line of credit (if, with respect to the line of credit, the full
receivable balance is not due upon receipt of a monthly billing statement (excluding the billing statement with respect to the final payment of such balance) and the line of credit contains an indicator as described in Subsection 2.01(c)), owned by
FSB which (i) in the case of the Initial Accounts, as of the selection date related to its date of designation as an “Account” under the Original Pooling Agreement or (ii) in the case of the Additional Accounts, as of the
applicable Addition Selection Date, in each case, meets the following requirements: 
 (a) is a credit or charge account or line of credit
(if, with respect to the line of credit, the full receivable balance is not due upon receipt of a monthly billing statement (excluding the billing statement with respect to the final payment of such balance) and the line of credit contains an
indicator that it has been sold as described in Subsection 2.01(c)) in existence and maintained by American Express Centurion Bank (in cases that arose prior to the Closing Date) or FSB (in cases that arise on or after the Closing Date); 

(b) is payable in United States dollars; 

(c) has an Obligor who is not confirmed by American Express Centurion Bank (in cases that arose prior to the Closing Date) or FSB (in cases
that arise on or after the Closing Date) in its computer files as being involved in a voluntary or involuntary bankruptcy proceeding; 
 (d)
has an Obligor who has provided, as his or her most recent billing address, an address located in the United States or its territories or possessions or Canada or a United States military address; provided, however, that, with the
consent of RFC IV, as of any date of determination, up to 3% of the Accounts (calculated by number of Accounts) may have Obligors who have provided, as their billing addresses, addresses located outside of such jurisdictions; 

  
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 (e) if such account is a credit card or charge card account, has not been identified as an
account with respect to which a related card has been lost or stolen; 
 (f) has not been sold or pledged to any other party; 

(g) does not have any receivables that have been sold or pledged by American Express Centurion Bank (in cases that arose prior to the Closing
Date) or FSB (in cases that arise on or after the Closing Date) to any other party (except pursuant to the Original Pooling Agreement); and 

(h) does not have any receivables that are Defaulted Receivables or that have been identified by American Express Centurion Bank (in cases
that arose prior to the Closing Date) or FSB (in cases that arise on or after the Closing Date) as having been incurred as a result of the fraudulent use of a related credit or charge card. 

Notwithstanding the above requirements, Eligible Accounts may include accounts (I) the receivables of which have been written off or (II) with respect to
which American Express Centurion Bank (in cases that arose prior to the Closing Date) or FSB (in cases that arise on or after the Closing Date) has confirmed the related Obligor is bankrupt, in each case as of the selection dates related to their
date of designation as an “Account” under the Original Pooling Agreement with respect to Initial Accounts and as of the related Addition Selection Date with respect to Additional Accounts; provided, however, that (1) the
balance of all receivables included in such accounts is reflected on the books and records of FSB (and is treated for purposes of this Agreement) as “zero,” (b) borrowing and charging privileges with respect to all such accounts have
been canceled in accordance with the Credit Guidelines applicable thereto and will not be reinstated, and (c) any recoveries, insurance proceeds or other amounts realized on such accounts are retained by FSB. 

“Eligible Receivable” shall mean each Receivable: 

(a) which has arisen in an Eligible Account; 

(b) which was created in compliance in all material respects with all Requirements of Law applicable to FSB and pursuant to an Account
Agreement that complies in all material respects with all Requirements of Law applicable to FSB, in either case, the failure to comply with which would have a material adverse effect on RFC IV; 

(c) with respect to which all material consents, licenses, approvals or authorizations of, or registrations or declarations with, any
Governmental Authority required to be obtained, effected or given in connection with the creation of such Receivable or the execution, delivery and performance by FSB of the Account Agreement pursuant to which such Receivable was created, have been
duly obtained, effected or given and are in full force and effect; 
 (d) as to which, at the time of the sale of such Receivable to RFC IV,
FSB has good and marketable title thereto, free and clear of all Liens (other than any Lien for municipal or other local taxes of FSB if such taxes are not then due and payable or if FSB is then contesting the validity thereof in good faith by
appropriate proceedings and has set aside on its books adequate reserves with respect thereto); 

  
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 (e) which has been the subject of a valid sale and assignment from FSB to RFC IV of all
FSB’s right, title and interest therein (including any proceeds thereof); 
 (f) which is the legal, valid and binding payment
obligation of the Obligor thereon, enforceable against such Obligor in accordance with its terms, except as such enforceability may be limited by applicable Debtor Relief Laws and except as such enforceability may be limited by general principles of
equity (whether considered in a suit at law or in equity); 
 (g) which, at the time of the sale of such Receivable to RFC IV, has not been
waived or modified except as permitted in accordance with the Credit Guidelines and which waiver or modification is reflected in FSB’s computer file of accounts; 

(h) which, at the time of the sale of such Receivable to RFC IV, is not subject to any right of rescission, setoff, counterclaim or any other
defense (including defenses arising out of violations of usury laws) of the Obligor, other than defenses arising out of applicable Debtor Relief Laws; 

(i) as to which, at the time of the sale of such Receivable to RFC IV, FSB has satisfied all its obligations required to be satisfied by such
time; 
 (j) as to which, at the time of the sale of such Receivable to RFC IV, FSB has not taken any action which would impair, or omitted
to take any action the omission of which would impair, the rights of RFC IV therein; and 
 (k) which constitutes either an
“account” or a “general intangible” under and as defined in Article 9 of the UCC as then in effect in any state where the filing of a financing statement is then required to perfect RFC IV’s interest in such Receivable and
the proceeds thereof. 
 “Finance Charge Receivables” shall mean Receivables created in respect of Periodic Rate Finance
Charges, Cash Advance Fees, annual membership fees and annual service charges, Late Fees, Overlimit Fees, and all other incidental and miscellaneous fees and charges. 

“FSB” shall have the meaning specified in the initial paragraph of this Agreement. 

“Governmental Authority” shall mean the United States of America, any state or other political subdivision thereof and any
entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Group” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Initial Account” shall mean each credit or charge account or line of credit (if, with respect to the line of credit, the
full receivable balance is not due upon receipt of a monthly billing statement (excluding the billing statement with respect to the final payment of such balance) and the line of credit contains an indicator as described in Subsection 2.01(c))
established pursuant to an Account Agreement between FSB and any Person, which account or line of credit is identified in the Account Schedule delivered to RFC IV by FSB on the Closing Date. 

  
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 “Initial Cut-Off Date” shall mean the close of business on April 16, 2004.

 “Insolvency Event” shall have the meaning specified in Section 8.02. 

“Insurance Proceeds” shall mean any amounts received pursuant to the payment of benefits under any credit life insurance
policies, credit disability insurance policies or unemployment insurance policies covering any Obligor with respect to Receivables under such Obligor’s Account. 

“Issuer Rate Fees” shall mean all issuer rate fees payable to FSB in connection with cardholder charges for goods or services
with respect to the Receivables, the amount of which shall be calculated as provided in Subsection 5.01(f). 
 “Late Fees”
shall have the meaning specified in the Account Agreement applicable to each Account for late fees or similar terms. 

“Lien” shall mean any security interest, mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement,
equity interest, encumbrance, lien (statutory or other), preference, participation interest, priority or other security agreement or preferential arrangement of any kind or nature whatsoever, including any conditional sale or other title retention
agreement, or any financing lease having substantially the same economic effect as any of the foregoing; provided, however, that the lien created in favor of the Trustee under the Original Pooling Agreement shall not be deemed to
constitute a Lien. 
 “Monthly Period” shall mean, with respect to each Distribution Date, the calendar month immediately
preceding such Distribution Date. 
 “New Account” shall mean each credit or charge account or line of credit (if, with
respect to the line of credit, the full receivable balance is not due upon receipt of a monthly billing statement (excluding the billing statement with respect to the final payment of such balance) and the line of credit contains an indicator as
described in Subsection 2.01(c)) established pursuant to an Account Agreement between FSB and any Person, which account or line of credit is designated pursuant to Subsection 2.02(b) to be included as an Account and is identified on an Account
Schedule delivered pursuant to Sections 2.01 and 2.02. 
 “Obligor” shall mean, with respect to any Account, the Person or
Persons obligated to make payments with respect to such Account, including any guarantor thereof but excluding any merchant. 

“Officer’s Certificate” shall mean a certificate delivered to RFC IV signed by any Vice President or more senior officer
of FSB. 
 “Original Agreement” shall have the meaning specified in the recitals hereto. 

“Original Pooling Agreement” shall have the meaning specified in the Pooling and Servicing Agreement. 

  
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 “Overlimit Fees” shall have the meaning specified in the Account Agreement
applicable to each Account for overlimit fees or similar terms if such fees are provided for with respect to such Account. 

“Pay-Out Event” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Periodic Rate Finance Charges” shall have the meaning specified in the Account Agreement applicable to each Account for
finance charges (due to periodic rate) or any similar term. 
 “Person” shall mean any person or entity, including any
individual, corporation, limited liability company, partnership, limited liability partnership, limited partnership, joint venture, association, joint-stock company, trust, unincorporated organization, Governmental Authority, or other entity of any
nature. 
 “Pooling and Servicing Agreement” shall mean the Third Amended and Restated Pooling and Servicing Agreement,
dated as of July 20, 2016, among American Express Receivables Financing Corporation III LLC and RFC IV, as Transferors, American Express Travel Related Services Company, Inc., as Servicer, and The Bank of New York Mellon, as Trustee, as amended
and supplemented from time to time. 
 “Portfolio Yield” shall have the meaning specified in the Pooling and Servicing
Agreement. 
 “Principal Receivables” shall mean all Receivables other than Finance Charge Receivables. In calculating the
aggregate amount of Principal Receivables on any day, the amount of Principal Receivables shall be reduced by the aggregate amount of credit balances in the Accounts on such day. 

“Proceeding” shall mean any suit in equity, action at law or other judicial or administrative proceeding. 

“Purchase Price” shall have the meaning specified in Subsection 3.01(a). 

“Purchase Price Adjustment” shall have the meaning specified in Section 3.02. 

“Purchase Price Payment Date” shall have the meaning specified in Subsection 3.01(a). 

“Purchased Assets” shall have the meaning specified in Subsection 2.01(a). 

“Rating Agency” shall mean the nationally-recognized statistical rating agency or agencies, if any, selected by RFC IV and
the other Transferors to rate any securities issued by the Trust. 

  
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 “Receivables” shall mean all amounts shown on FSB’s records as amounts
payable by Obligors on any Account from time to time, including amounts payable for Principal Receivables and Finance Charge Receivables. 

“Recoveries” shall mean all amounts received with respect to Receivables which have previously been charged-off. 

“Reinvestment Event” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Related Account” shall mean an Account with respect to which a new account number has been issued by FSB (a)(i) resulting
from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit
Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of the Account Schedule and the computer or other records of FSB. 

“Removed Account” shall mean any Account as to which FSB has received notice from the Servicer that such Account is a
“Removed Account” as defined in the Pooling and Servicing Agreement. 
 “Requesting Party” shall have the meaning
specified in the Pooling and Servicing Agreement. 
 “Requirements of Law” shall mean any law, treaty, rule or regulation,
or determination of an arbitrator or Governmental Authority, whether federal, state or local (including, without limitation, usury laws, the Federal Truth in Lending Act and Regulation B and Regulation Z of the Board of Governors of the Federal
Reserve System), and, when used with respect to any Person, the certificate of incorporation and by-laws or other organizational or governing documents of such Person. 

“RFC IV” shall have the meaning specified in the initial paragraph of this Agreement. 

“Servicer” shall mean the entity acting as Servicer under the Pooling and Servicing Agreement. 

“Stop Date” shall have the meaning specified in Subsection 2.03(a). 

“Supplemental Conveyance” shall have the meaning specified in Subsection 2.02(b)(v). 

“Transfer Date” shall have the meaning specified in the Pooling and Servicing Agreement. 

“Transfer Restriction Event” shall mean that FSB is unable for any reason to transfer Receivables to RFC IV in accordance
with the provisions of this Agreement, including by reason of the application of the provisions in Section 8.02 or any order of any Governmental Authority. 

“Transferors” shall mean the entities acting as Transferors under the Pooling and Servicing Agreement. 

  
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 “Transferred Account” shall mean each credit or charge account or line of credit
(if, with respect to the line of credit, the full receivable balance is not due upon receipt of a monthly billing statement (excluding the billing statement with respect to the final payment of such balance) and the line of credit contains an
indicator as described in Subsection 2.01(c)) into which an Account shall be transferred provided that (a) such transfer was made in accordance with the Credit Guidelines and (b) such account or line of credit can be traced or identified
by reference to or by way of the Account Schedule and the computer or other records of FSB. 
 “Trust” shall mean the
American Express Credit Account Master Trust, heretofore created and continued by the Pooling and Servicing Agreement. 

“Trustee” shall mean the Trustee under the Pooling and Servicing Agreement. 

“UCC” shall mean the Uniform Commercial Code as in effect in the applicable jurisdiction. 

Section 1.02. Other Definitional Provisions. 

The words “hereof,” “herein,” “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement; and Section, Subsection, Schedule and Exhibit references contained in this Agreement are references to Sections,
Subsections, Schedules and Exhibits in or to this Agreement unless otherwise specified. 
 [END OF ARTICLE I] 

  
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 ARTICLE II 

PURCHASE AND CONVEYANCE OF RECEIVABLES 

Section 2.01. Purchase. 

(a) In consideration of the payment of the Purchase Price as provided herein, FSB does hereby sell, transfer, assign, set over and otherwise
convey to RFC IV (collectively, the “Conveyance”), without recourse except as provided herein, all of its right, title and interest, whether now owned or hereafter acquired, in, to and under the Receivables existing at the
close of business on the Initial Cut-Off Date, in the case of Receivables arising in the Initial Accounts (including Related Accounts and Transferred Accounts with respect to such Initial Accounts), and at the close of business on the related
Addition Cut-Off Date, in the case of Receivables arising in the Additional Accounts (including Related Accounts and Transferred Accounts with respect to such Additional Accounts), and in each case thereafter created from time to time in such
Accounts, all Insurance Proceeds, Issuer Rate Fees and Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds
(including “proceeds” as defined in the UCC) thereof (collectively, the “Purchased Assets”). The Receivables existing in the Initial Accounts at the close of business on the Initial Cut-Off Date and thereafter
arising in the Initial Accounts on or prior to the Closing Date, and the related Purchased Assets, shall be sold by FSB and purchased by RFC IV on the Closing Date. Receivables arising after the Closing Date in the Initial Accounts and the related
Purchased Assets shall be sold by FSB and purchased by RFC IV on the date such Receivables arise. The Receivables existing in Additional Accounts at the close of business on the related Addition Cut-Off Date and thereafter arising in such Additional
Accounts on or prior to the related Addition Date, and the related Purchased Assets, shall be sold by FSB and purchased by RFC IV on the related Addition Date. Receivables arising after such Addition Date in such Additional Accounts and the related
Purchased Assets shall be sold by FSB and purchased by RFC IV on the date such Receivables arise. 
 (b) FSB shall (i) record and file,
at its own expense, any financing statements (and amendments with respect to such financing statements when applicable) with respect to the Purchased Assets meeting the requirements of applicable state law in such manner and in such jurisdictions as
are necessary to perfect, and maintain perfection of, the Conveyance of such Purchased Assets from FSB to RFC IV, (ii) cause such financing statements and amendments to name FSB, as seller, and RFC IV, as purchaser, of the Purchased Assets and
(iii) deliver a file-stamped copy of such financing statements or amendments or other evidence of such filings to RFC IV as soon as is practicable after filing. 

(c) FSB shall, at its own expense, (i) on or prior to (x) the Closing Date, in the case of Initial Accounts, and (y) the
applicable Addition Date, in the case of Additional Accounts, indicate in its books and records (including its computer files) that Receivables created in connection with such Accounts and the related Purchased Assets have been sold to RFC IV in
accordance with this Agreement and have been conveyed by RFC IV to the Trustee pursuant to the Pooling and Servicing Agreement, and (ii) on or prior to (x) the Closing Date, in the case of Initial Accounts, and (y) the applicable
Addition Date, in the case of Additional Accounts, deliver to RFC IV an Account Schedule (provided, however, that such Account 

  
 11 








 
Schedule shall be provided in respect of New Accounts on the Distribution Date immediately succeeding the related Monthly Period during which their respective Addition Dates occur) containing a
true and complete list of all such Accounts. FSB shall not alter the indication referenced in clause (i) of this paragraph with respect to any Account during the term of this Agreement unless and until such Account is no longer an Account or
FSB has taken such action as is necessary or advisable to cause the interest of RFC IV in the Purchased Assets to continue to be perfected and of first priority. The Account Schedules, as supplemented and amended, collectively shall be marked as
Schedule 1 to this Agreement, shall be incorporated into and made a part of this Agreement and shall be updated by FSB on each Addition Date (or with respect to New Accounts, on the Distribution Date immediately succeeding the related
Monthly Period during which their respective Addition Dates occur), but not later than on a semi-annual basis to include any new Related Accounts and Transferred Accounts. 

(d) The parties hereto intend that the conveyance of FSB’s right, title and interest in and to the Purchased Assets shall constitute an
absolute sale, conveying good title free and clear of any liens, claims, encumbrances or rights of others, from FSB to RFC IV. It is the intention of the parties hereto that the arrangements with respect to the Purchased Assets shall constitute a
purchase and sale of such Purchased Assets and not a loan, including for accounting purposes. In the event, however, that it were to be determined that the transactions evidenced hereby constitute a loan and not a purchase and sale, it is the
intention of the parties hereto that this Agreement shall constitute a security agreement under applicable law, and that FSB shall be deemed to have granted, and FSB does hereby grant, to RFC IV a first priority perfected security interest in all of
FSB’s right, title and interest, whether now owned or hereafter acquired, in, to and under the Purchased Assets to secure the obligations of FSB hereunder. 

(e) To the extent that FSB retains any interest in the Purchased Assets, FSB hereby grants to the Trustee a security interest in all of
FSB’s right, title and interest, whether now owned or hereafter acquired, in, to and under the Purchased Assets, to secure the performance of all of the obligations of FSB hereunder. With respect to such security interest and such collateral,
the Trustee shall have all of the rights that it has under the Pooling and Servicing Agreement. The Trustee shall also have all of the rights of a secured creditor under the UCC. 

(f) Each Account will continue to be owned by FSB and is not a Purchased Asset. 

(g) By executing this Agreement, each of FSB and RFC IV acknowledges and agrees that (i) on and after the date of this Agreement, all
references to the Original Agreement in any other instruments or documents shall be deemed to constitute references to this Agreement, and (ii) all outstanding representations, warranties and covenants made by it in the Original Agreement and
any of its existing obligations under the Original Agreement shall remain in full force and effect under this Agreement, as amended and restated. 

Section 2.02. Addition of Accounts. 

(a) If (i) RFC IV is required, pursuant to Section 2.09(a) of the Pooling and Servicing Agreement, to designate additional
accounts to the Trust, or (ii) RFC IV elects, pursuant to Section 2.09(b) of the Pooling and Servicing Agreement, to designate additional accounts to the Trust, then in either case RFC IV, at its option, may give written notice
thereof to 

  
 12 








 
FSB; provided, however, that such notice shall be provided on or before the eighth (8th) Business Day immediately preceding the related addition date. Upon receipt of such
notice and on or prior to such addition date, FSB shall designate sufficient Eligible Accounts as Aggregate Addition Accounts and shall sell to RFC IV the Purchased Assets related to such Aggregate Addition Accounts. In addition, at its option and
with the consent of RFC IV, FSB may designate Eligible Accounts as Aggregate Addition Accounts and sell to RFC IV the Purchased Assets related to such Aggregate Addition Accounts. 

(b) At its option and with the consent of RFC IV, FSB may designate Eligible Accounts as New Accounts and sell to RFC IV the Purchased Assets
related to such New Accounts. FSB or RFC IV, each at its option and by written notice to the other party at least ten (10) days in advance, may elect at any time to terminate the inclusion of new accounts which would otherwise be New Accounts
as of any Business Day, to suspend any such inclusion as of any Business Day, or to resume any such inclusion as of any Business Day. 
 (c)
On the Addition Date with respect to any designation of Additional Accounts, such Additional Accounts shall become Accounts, and RFC IV shall purchase FSB’s right, title and interest in, to and under the Receivables in such Additional Accounts
and the related Purchased Assets as provided in Section 2.01, subject to the satisfaction of the following conditions on such Addition Date: 

(i) as of the Addition Selection Date, such Additional Accounts shall be Eligible Accounts; 

(ii) FSB shall have delivered to RFC IV copies of UCC financing statements covering such Additional Accounts, if necessary to
perfect RFC IV’s interest in the Receivables arising therein and the related Purchased Assets; 
 (iii) FSB shall have
delivered to RFC IV all Collections with respect to such Additional Accounts since the Addition Cut-Off Date; 
 (iv) as of
each of the Addition Cut-Off Date and the Addition Date, no Insolvency Event with respect to FSB shall have occurred nor shall the sale of the Receivables arising in the Additional Accounts and the related Purchased Assets to RFC IV have been made
in contemplation of the occurrence thereof; 
 (v) in the case of Aggregate Addition Accounts, such addition will not have a
material adverse effect on RFC IV; 
 (vi) FSB shall have delivered to RFC IV an Officer’s Certificate of FSB, dated the
Addition Date, confirming, to the extent applicable and in FSB’s reasonable belief, the items set forth in clauses (i) through (v) above; 

(vii) in the case of New Accounts, such addition will not cause a Pay-Out Event or a Reinvestment Event under the Pooling and
Servicing Agreement; 
 (viii) FSB shall have indicated in its computer files that Receivables created in connection with
such Additional Accounts and the related Purchased Assets have been 

  
 13 








 
sold to RFC IV and, in the case of Aggregate Addition Accounts, shall have delivered to RFC IV the Account Schedule with respect to such Aggregate Addition Accounts; and 

(ix) FSB and RFC IV shall have entered into a duly executed, written assignment, substantially in the form of Exhibit
A (the “Supplemental Conveyance”). 
 Section 2.03. Removal and Deletion of Accounts. 

(a) If an Account becomes a Removed Account, then FSB shall stop selling to RFC IV Principal Receivables arising in such Removed Account
effective on the Business Day (the “Stop Date”) after the date such Account becomes a Removed Account. Notwithstanding the cessation of the sale to RFC IV of additional Principal Receivables arising in such Removed Account,
Principal Receivables sold to RFC IV prior to the Stop Date, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such
Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC IV available for transfer by RFC IV to the Trustee pursuant to the Pooling and Servicing Agreement. To the extent that it is not clear
to FSB whether collections relate to a Receivable that was sold to RFC IV or to a receivable that FSB did not sell to RFC IV, FSB shall allocate payments on each such Removed Account with respect to the principal balance of such Removed Account
first to the oldest principal balance of such Removed Account. 
 (b) On and after the Stop Date for a Removed Account, FSB may mark
its books and records to indicate that such Account is a Removed Account, but FSB shall not (i) alter the indication referenced in clause (i) of Subsection 2.01(c) with respect to such Removed Account unless and until such Account becomes
a Deleted Account or FSB has taken such action as is necessary or advisable to cause the interest of RFC IV in the Purchased Assets to continue to be perfected and of first priority, or (ii) delete such Removed Account from Schedule
1 hereto or any Account Schedule. 
 (c) Once a Removed Account becomes a Deleted Account, FSB shall promptly delete such
Deleted Account from Schedule 1 hereto and shall indicate in its computer files that such Deleted Account is no longer an Account. 

[END OF ARTICLE II] 

  
 14 








 ARTICLE III 

CONSIDERATION AND PAYMENT 

Section 3.01. Purchase Price. 

(a) The “Purchase Price” for the Receivables in the Initial Accounts existing at the close of business on the Initial
Cut-Off Date, and the related Purchased Assets, that are conveyed to RFC IV under this Agreement shall be payable on April 19, 2004, in an amount equal to the fair market value of such Receivables and the related Purchased Assets as mutually
agreed upon by FSB and RFC IV. This computation of initial purchase price shall assume no reinvestment in new Receivables. The Purchase Price for the Receivables (including Receivables in Additional Accounts) and the related Purchased Assets
conveyed to RFC IV under this Agreement which come into existence after the Initial Cut-Off Date (i) shall be payable on a date (the “Purchase Price Payment Date”) mutually agreed to by FSB and RFC IV, but no later than
the 15th calendar day (or, if such day is not a Business Day, the next following Business Day) following the calendar month in which such Receivables and the related Purchased Assets are conveyed by FSB to RFC IV and (ii) shall be an amount
equal to 100% of the aggregate balance of the Principal Receivables so conveyed, adjusted to reflect such factors, if any, as FSB and RFC IV mutually agree will result in a Purchase Price determined to be the fair market value of such Principal
Receivables and the related Purchased Assets. FSB hereby acknowledges, and agrees to perform in accordance with, Section 4.03(c) of the Pooling and Servicing Agreement and the related instructions of RFC IV. 

(b) Notwithstanding any other provision of this Agreement, FSB shall not be obligated to continue to sell Receivables or other Purchased
Assets to RFC IV to the extent that FSB is not paid the Purchase Price therefor as provided herein. 
 Section 3.02. Adjustments to
Purchase Price. The Purchase Price shall be reduced on the Purchase Price Payment Date (a “Purchase Price Adjustment”) with respect to any Receivable previously conveyed to RFC IV by FSB which is reduced by FSB or the
Servicer because of a rebate, refund, or billing error to an Obligor, other than by reason of a Servicer error. The amount of such reduction shall equal the reduction in the principal balance of such Receivable resulting from the occurrence of such
event. In the event that a reduction pursuant to this Section 3.02 causes the Purchase Price to be a negative number, FSB agrees that, on the Purchase Price Payment Date, FSB shall pay or cause to be paid to RFC IV an amount equal to the amount
by which the Purchase Price Adjustment exceeds the unadjusted Purchase Price; provided, however, that if the reduction relating to such Purchase Price Adjustment also gives rise to an obligation on the part of RFC IV as Transferor to
make a deposit in the Special Funding Account pursuant to Section 3.09 of the Pooling and Servicing Agreement, then FSB and RFC IV hereby agree that the date that RFC IV is required to make such deposit pursuant to Section 3.09 of the
Pooling and Servicing Agreement shall be a Purchase Price Payment Date. 
 Section 3.03. Use of Name, Logo and Marks. FSB does
hereby grant to RFC IV a non-exclusive license to use the name “American Express Bank, FSB” and all related identifying trade or service marks, signs, symbols, logos, designs, servicing software, customer


  
 15 








 
lists and other intangibles in connection with the servicing of the Receivables purchased hereunder. The license granted shall be co-extensive with the term of the Agreement. 

[END OF ARTICLE III] 

  
 16 








 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.01. Representations and Warranties of FSB Relating to FSB. 

(a) Representations and Warranties. FSB hereby represents and warrants to, and agrees with, RFC IV as of the Closing Date and on each
Addition Date, that: 
 (i) Organization and Good Standing. FSB is a federally-chartered savings bank validly existing
under the laws of the United States of America, and has, in all material respects, full power and authority to own its properties and conduct its business as presently owned or conducted, and to execute, deliver and perform its obligations under
this Agreement. 
 (ii) Due Qualification. FSB is duly qualified to do business and is in good standing as a foreign
corporation or other entity and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would have a material adverse effect on this Agreement or the
transactions contemplated hereby or on the ability of FSB to perform its obligations under this Agreement. 
 (iii) Due
Authorization. The execution and delivery by FSB of this Agreement and any other document or instrument delivered by FSB pursuant hereto, including any Supplemental Conveyance, to which FSB is a party and the consummation by FSB of the
transactions provided for in this Agreement and any such Supplemental Conveyance, have been duly authorized by FSB by all necessary action on the part of FSB. 

(iv) No Conflict or Violation. The execution and delivery by FSB of this Agreement, the performance by FSB of the
transactions contemplated by this Agreement and the fulfillment by FSB of the terms of this Agreement applicable to FSB, will not conflict with or violate any Requirements of Law applicable to FSB or conflict with, result in any breach of any of the
material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which FSB is a party or by which it or its
properties are bound. 
 (v) No Proceedings. There are no Proceedings or investigations pending or, to the best
knowledge of FSB, threatened, against FSB before any Governmental Authority (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement,
(iii) seeking any determination or ruling that, in the reasonable judgment of FSB, would materially and adversely affect the performance by FSB of its obligations under this Agreement or (iv) seeking any determination or ruling that, in
the reasonable judgment of FSB, would materially and adversely affect the validity or enforceability of this Agreement. 

(vi) All Consents. All authorizations, consents, orders or approvals of or registrations or declarations with any
Governmental Authority required to be obtained, 

  
 17 








 
effected or given by FSB in connection with the execution and delivery by FSB of this Agreement and the performance by FSB of the transactions contemplated by this Agreement have been duly
obtained, effected or given and are in full force and effect. 
 (b) Notice of Breach. The representations and warranties set forth
in this Section 4.01 shall survive the sale of the Purchased Assets to RFC IV. Upon discovery by FSB or RFC IV of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give written notice to
the other party and the Trustee within three (3) Business Days following such discovery. 
 Section 4.02. Representations and
Warranties of FSB Relating to the Agreement and the Receivables. 
 (a) Representations and Warranties. FSB hereby represents and
warrants to RFC IV as of the Closing Date with respect to the Initial Accounts (and the Receivables arising therein), and as of the related Addition Date with respect to Additional Accounts (and the Receivables arising therein), that: 

(i) this Agreement and, in the case of Additional Accounts, the related Supplemental Conveyance, each constitutes a legal,
valid and binding obligation of FSB enforceable against FSB in accordance with its terms, except as such enforceability may be limited by applicable Debtor Relief Laws or general principles of equity; 

(ii) as of the Initial Cut-Off Date with respect to the Initial Accounts (and the Receivables arising thereunder), as of the
related Addition Cut-Off Date with respect to Aggregate Addition Accounts and as of the Distribution Date immediately succeeding the Monthly Period in which New Accounts were designated with respect to such New Accounts, Schedule 1 to
this Agreement, as supplemented to such date, is an accurate and complete listing in all material respects of all the Accounts as of such applicable date, and the information contained therein with respect to the identity of such Accounts and the
Receivables existing thereunder is true and correct in all material respects as of such applicable date; 
 (iii) each
Receivable conveyed to RFC IV has been conveyed to RFC IV free and clear of any Lien (other than any Lien for municipal or other local taxes of FSB if such taxes are not then due and payable or if FSB is then contesting the validity thereof in good
faith by appropriate proceedings and has set aside on its books adequate reserves with respect thereto); 
 (iv) all
authorizations, consents, orders or approvals of or registrations or declarations with any Governmental Authority required to be obtained, effected or given by FSB in connection with the conveyance of Receivables to RFC IV have been duly obtained,
effected or given and are in full force and effect; 
 (v) this Agreement and, in the case of Additional Accounts, the
related Supplemental Conveyance, constitutes a valid sale to RFC IV of all right, title and interest of FSB in the Purchased Assets, and such sale is perfected under the UCC; 

  
 18 








 (vi) on the selection date related to its date of designation as an
“Account” under the Original Pooling Agreement, with respect to each Initial Account, and on the applicable Addition Selection Date, with respect to each Additional Account, each such Account is an Eligible Account; 

(vii) on the selection date related to its date of designation as an Account, with respect to each Initial Account, and on the
applicable Addition Selection Date, with respect to each Additional Account, each Receivable contained in such Account on such applicable date and sold to RFC IV by FSB is an Eligible Receivable; 

(viii) as of the date of the creation of any new Receivable sold to RFC IV by FSB, such Receivable is an Eligible Receivable;
and 
 (ix) no selection procedures believed by FSB to be materially adverse to the interests of RFC IV or its transferees
have been used in selecting such Accounts. 
 (b) Notice of Breach. The representations and warranties set forth in this
Section 4.02 shall survive the sale of the Purchased Assets to RFC IV. Upon discovery by either FSB or RFC IV of a breach of any of the representations and warranties set forth in this Section 4.02, the party discovering such breach shall
give written notice to the other party and the Trustee within three (3) Business Days following such discovery. FSB hereby acknowledges that RFC IV intends to rely on the representations hereunder in connection with representations made by RFC
IV to secured parties, assignees or subsequent transferees, including transfers made by RFC IV to the Trustee pursuant to the Pooling and Servicing Agreement, and FSB hereby consents to such reliance. 

Section 4.03. Representations and Warranties of RFC IV. As of the Closing Date and each Addition Date, RFC IV hereby represents
and warrants to, and agrees with, FSB that: 
 (a) Organization and Good Standing. RFC IV is a limited liability company duly formed
and validly existing under the laws of the State of Delaware, and has, in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and such business is presently conducted,
and to execute, deliver and perform its obligations under this Agreement. 
 (b) Due Authorization. The execution and delivery by RFC
IV of this Agreement and any other document or instrument delivered pursuant hereto, including any Supplemental Conveyance, to which RFC IV is a party, and the consummation by RFC IV of the transactions provided for in this Agreement and any such
Supplemental Conveyance, have been duly authorized by RFC IV by all necessary company action on the part of RFC IV. 
 (c) No Conflict or
Violation. The execution and delivery by RFC IV of this Agreement, the performance by RFC IV of the transactions contemplated by this Agreement and the fulfillment by RFC IV of the terms of this Agreement applicable to RFC IV, will not conflict
with or violate any Requirements of Law applicable to RFC IV or conflict with, result in any breach of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any
indenture, contract, agreement, mortgage, 

  
 19 








 
deed of trust or other instrument to which RFC IV is a party or by which it or any of its properties are bound. 

(d) No Proceedings. There are no Proceedings or investigations pending or, to the best knowledge of RFC IV, threatened, against RFC IV,
before any Governmental Authority (i) asserting the invalidity of this Agreement, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement, (iii) seeking any determination or ruling that, in
the reasonable judgment of RFC IV, would materially and adversely affect the performance by RFC IV of its obligations under this Agreement or (iv) seeking any determination or ruling that, in the reasonable judgment of RFC IV, would materially
and adversely affect the validity or enforceability of this Agreement. 
 (e) All Consents. All authorizations, consents, orders or
approvals of or registrations or declarations with any Governmental Authority required to be obtained, effected or given by RFC IV in connection with the execution and delivery by RFC IV of this Agreement and the performance by RFC IV of the
transactions contemplated by this Agreement have been duly obtained, effected or given and are in full force and effect. 
 The
representations and warranties set forth in this Section 4.03 shall survive the sale of the Purchased Assets to RFC IV. Upon discovery by FSB or RFC IV of a breach of any of the foregoing representations and warranties, the party discovering
such breach shall give written notice to the other party and the Trustee within three (3) Business Days following such discovery. 

[END OF ARTICLE IV] 

  
 20 








 ARTICLE V 

COVENANTS 

Section 5.01. Covenants of FSB. FSB hereby covenants and agrees with RFC IV as follows: 

(a) Receivables Not To Be Evidenced by Instruments. Except in connection with its enforcement or collection of an Account, FSB will
take no action to cause any Receivable sold to RFC IV hereunder to be evidenced by any instrument (as defined in the UCC), and if any Receivable is so evidenced as a result of any action by FSB, it shall be deemed to be a Receivable described in
Subsection 6.01(a) and shall be reassigned to FSB in accordance with Subsection 6.01(b). 
 (b) Security Interests. Except for the
conveyances hereunder, FSB will not sell, pledge, assign or transfer to any other Person, or take any other action inconsistent with RFC IV’s ownership of, the Purchased Assets, or grant, create, incur, assume or suffer to exist any Lien
arising through or under FSB on any Purchased Asset or any interest therein (other than any Lien for municipal or other local taxes of FSB if such taxes are not then due and payable or if FSB is then contesting the validity thereof in good faith by
appropriate proceedings and has set aside on its books adequate reserves with respect thereto), and FSB shall not claim any ownership interest in any Purchased Asset and shall defend the right, title and interest of RFC IV in, to and under the
Purchased Assets against all claims of third parties claiming through or under FSB. 
 (c) Account Allocations. If a Transfer
Restriction Event occurs, FSB agrees (except as prohibited by any such order or any Requirement of Law) to allocate and pay to RFC IV, after the date of such Transfer Restriction Event, all Collections with respect to Principal Receivables
previously sold to RFC IV. To the extent that it is not clear to FSB whether collections relate to a Receivable that was sold to RFC IV or to a receivable that FSB is unable to sell to RFC IV, FSB agrees that it shall allocate payments on each
Account with respect to the principal balance of such Account first to the oldest principal balance of such Account. Notwithstanding any cessation of the sale to RFC IV of additional Principal Receivables, Principal Receivables sold to RFC IV prior
to the occurrence of the Transfer Restriction Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal Receivables, Collections in respect of such Finance
Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC IV available for transfer by RFC IV to the Trustee pursuant to the Pooling and Servicing Agreement. 

(d) Delivery of Collections. In the event that FSB receives Collections or any other amounts in respect of the Purchased Assets sold to
RFC IV hereunder, FSB agrees to pay to RFC IV (or to the Servicer or the Trustee if RFC IV so directs) all such Collections and other amounts promptly after receipt thereof. 

(e) Notice of Liens. FSB shall notify RFC IV promptly after becoming aware of any Lien arising through or under FSB on any Purchased
Asset other than the conveyances hereunder. 

  
 21 








 (f) Issuer Rate Fees. On each Distribution Date, FSB shall pay to RFC IV, in immediately
available funds, the amount of Issuer Rate Fees allocable to the Receivables. Such amount of Issuer Rate Fees shall be equal to the sum of (i) the product of (A) the rate at which issuer rate fees accrued to FSB during the second preceding
Monthly Period on credit accounts owned by FSB, multiplied by (B) a fraction, (I) the numerator of which is the aggregate amount of cardholder charges in all credit accounts owned by FSB, excluding balance transfer transactions, purchases
made by convenience checks, cash advances, certain ineligible products and services offered by American Express Travel Related Services Company, Inc. or any affiliate or subsidiary thereof, and all other transactions on which issuer rate fees did
not accrue to FSB, in each case with respect to such Monthly Period, and (II) the denominator of which is the aggregate amount of cardholder charges in all credit accounts owned by FSB with respect to such Monthly Period, multiplied by (C) new
Principal Receivables that arose during such Monthly Period in the Accounts that constitute credit accounts, plus (ii) the product of (A) the rate at which issuer rate fees accrued to FSB during the second preceding Monthly Period on
charge accounts or lines of credit owned by FSB, multiplied by (B) a fraction, (I) the numerator of which is the aggregate amount of obligor charges on all charge accounts or lines of credit owned by FSB, excluding balance transfer
transactions, purchases made by convenience checks, cash advances, certain ineligible products and services offered by American Express Travel Related Services Company, Inc. or any affiliate or subsidiary thereof, and all other transactions on which
issuer rate fees did not accrue to FSB, in each case with respect to such Monthly Period, and (II) the denominator of which is the aggregate amount of obligor charges on all charge accounts or lines of credit owned by FSB with respect to such
Monthly Period, multiplied by (C) new Principal Receivables that arose during such Monthly Period in the Accounts that constitute charge accounts or lines of credit. 

(g) Documentation of Transfer. FSB shall timely file in all appropriate filing offices the documents which are necessary or advisable
to perfect and maintain the perfection of the sale of the Purchased Assets to RFC IV. 
 (h) Periodic Rate Finance Charges. Except
(i) as otherwise required by any Requirements of Law or (ii) as is deemed by FSB to be necessary in order for it to maintain its credit or charge business or a program operated by such credit or charge business on a competitive basis based
on a good faith assessment by it of the nature of the competition with respect to such credit or charge business or such program, FSB shall not at any time reduce the annual percentage rate of the Periodic Rate Finance Charges assessed on the
Receivables or take any other action with respect to any of the Accounts if, as a result of any such action, FSB’s reasonable expectation is that such action will cause a Pay-Out Event or a Reinvestment Event to occur under the Pooling and
Servicing Agreement based on the insufficiency of Portfolio Yield or any similar test. In addition, except as otherwise required by any Requirements of Law, FSB shall not at any time reduce the annual percentage rate of the Periodic Rate Finance
Charges assessed on the Receivables or take any other action with respect to any of the Accounts if, as a result of any such action, FSB’s reasonable expectation is that such action will cause the Portfolio Yield under the Pooling and Servicing
Agreement to be less than the then-current highest Average Rate for any Group. 
 (i) Account Agreements and Guidelines. Subject to
compliance with all Requirements of Law and paragraph (h) above, FSB may change the terms and provisions of the 

  
 22 








 
Account Agreements or the Credit Guidelines applicable to the Accounts in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges
to be assessed thereon). Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (h) above, FSB will not take any action with respect to such Account Agreements or such Credit Guidelines which, at the time
of such action, FSB reasonably believes will have a material adverse effect on RFC IV. 
 (j) Name and Type and Jurisdiction of
Organization. FSB shall not change its name or its type or jurisdiction of organization without previously having delivered to RFC IV an opinion of counsel to the effect that all actions have been taken, and all filings have been made, as are
necessary to continue and maintain the first-priority perfected ownership interest of RFC IV in the Purchased Assets. 
 (k) Annual
Opinion. On or before March 31st of each calendar year, commencing March 31, 2016, FSB shall deliver to RFC IV, with a copy to the Trustee, an opinion of counsel to the effect that (i) no further action with respect to the
recording or filing of any financing statements, any amendments to financing statements, or any other documents or filings is then necessary to perfect the ownership interest of RFC IV in the Purchased Assets, and (ii) no further action with
respect to the recording or filing of any financing statements, any amendments to financing statements, or any other documents or filings will be necessary prior to March 31st of the next calendar year to perfect the ownership interest of RFC
IV in the Purchased Assets or stating what such filings will be necessary prior to such March 31st. 
 (l) Asset Representations
Review. FSB shall (i) cooperate with the Asset Representations Reviewer in creating and, from time to time, reviewing procedures for an Asset Representations Review, and (ii) cooperate with the Servicer to provide the Asset
Representations Reviewer with reasonable access to information upon the initiation of an Asset Representations Review pursuant to Section 4.08(a) of the Pooling and Servicing Agreement. Following the completion of an Asset Representations
Review and the delivery of the related report by the Asset Representations Reviewer, RFC IV will provide a copy of such report to FSB. FSB shall determine whether any noncompliance with the Covered Representations constitutes a breach of any of such
Covered Representations and shall provide notice of such determination to RFC IV, the Servicer and the Trustee. 
 (m) Asset
Representations Reviewer Fees and Expenses. At the direction of RFC IV, FSB shall pay, or shall reimburse RFC IV for the payment of, the fees and expenses payable to the Asset Representations Reviewer pursuant to the Asset Representations Review
Agreement. 

  
 23 








 (n) Resolution of Repurchase Disputes. FSB shall cooperate with the Requesting Party in
connection with any dispute resolution proceeding commenced pursuant to Section 4.09 of the Pooling and Servicing Agreement and shall comply with any obligations of the “Representing Party” applicable to it thereunder. RFC IV hereby
agrees to provide FSB with the opportunity to exercise any rights of RFC IV pursuant to the Pooling and Servicing Agreement with respect to any dispute resolution proceeding commenced pursuant to Section 4.09 of the Pooling and Servicing
Agreement to the extent the related dispute relates to the representations and warranties of FSB contained in Section 4.02. 
 [END OF
ARTICLE V] 

  
 24 








 ARTICLE VI 

REPURCHASE OBLIGATION 

Section 6.01. Reassignment of Ineligible Receivables. 

(a) In the event any representation or warranty under Subsection 4.02(a)(ii), (iii), (iv), (vi), (vii) or (viii) is not true and
correct in any material respect as of the date specified therein with respect to any Receivable or the related Account and as a result of such breach RFC IV is required under Subsection 2.05(a) of the Pooling and Servicing Agreement to accept
reassignment of such Receivables previously sold by FSB to RFC IV pursuant to this Agreement, FSB shall accept reassignment of such Receivables on the terms and conditions set forth in Subsection 6.01(b). 

(b) FSB shall accept reassignment of any Receivables described in Subsection 6.01(a) from RFC IV on the date on which such Receivables are
reassigned to RFC IV pursuant to Subsection 2.05(a) of the Pooling and Servicing Agreement, and shall pay for such reassigned Receivables by paying to RFC IV in immediately available funds an amount equal to the unpaid balance of such Receivables.
Upon reassignment of such Receivables, RFC IV shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to FSB, without recourse, representation or warranty, all the right, title and interest of RFC IV in
and to such Receivables, all Insurance Proceeds, Issuer Rate Fees and Recoveries allocable to such Receivables, all monies due or to become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and
all proceeds (including “proceeds” as defined in the UCC) thereof. Such reassigned Receivables shall be treated by RFC IV as collected in full as of the date on which they were reassigned. RFC IV shall execute such documents and
instruments of transfer or assignment and take such other actions as shall reasonably be requested by FSB to effect the conveyance of such Receivables and other property pursuant to this Subsection. 

Section 6.02. Reassignment of Other Receivables. 

(a) In the event any representation or warranty set forth in Subsection 4.01(a) or (c) or Subsection 4.02(a)(i) or (v) is not true
and correct in any material respect and as a result of such breach RFC IV is required under Section 2.06 of the Pooling and Servicing Agreement to accept a reassignment of all of the Receivables previously sold by FSB to RFC IV pursuant to this
Agreement, FSB shall accept a reassignment of such Receivables on the terms and conditions set forth in Subsection 6.02(b). 
 (b) FSB shall
accept reassignment of any Receivables described in Subsection 6.02(a) from RFC IV on the date on which such Receivables are reassigned to RFC IV, and shall pay for such reassigned Receivables by paying to RFC IV, not later than 11:00 a.m., New
York City time, on the first Transfer Date following the Monthly Period in which such reassignment obligation arises, an amount equal to the unpaid balance of such Receivables. Upon reassignment of such Receivables, RFC IV shall automatically and
without further action sell, transfer, assign, set-over and otherwise convey to FSB, without recourse, representation or warranty, all the right, title and interest of RFC IV in and to such Receivables, all Insurance Proceeds, Issuer Rate Fees and
Recoveries allocable to such Receivables, all monies due or to 

  
 25 








 
become due and all amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including “proceeds” as defined in the UCC) thereof. Such
reassigned Receivables shall be treated by RFC IV as collected in full as of the date on which they were reassigned. RFC IV shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be
requested by FSB to effect the conveyance of such Receivables and other property pursuant to this Section. 
 [END OF ARTICLE VI] 

  
 26 








 ARTICLE VII 

CONDITIONS PRECEDENT 

Section 7.01. Conditions to RFC IV’s Obligations Regarding Initial Receivables. The obligations of RFC IV to purchase the
Receivables in the Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: 
 (a) all
representations and warranties of FSB contained in this Agreement shall be true and correct on the Closing Date with the same effect as though such representations and warranties had been made on such date (except that, to the extent any such
representation or warranty expressly relates to an earlier date, such representation or warranty was true and correct on such earlier date); 

(b) all information concerning the Initial Accounts provided to RFC IV shall be true and correct as of the Initial Cut-Off Date in all
material respects; 
 (c) FSB shall have (i) delivered to RFC IV a true and correct Account Schedule with respect to the Initial
Accounts, and (ii) performed all other obligations required to be performed by FSB on or before the Closing Date by the provisions of this Agreement; 

(d) FSB shall have recorded and filed, at its expense, any financing statement with respect to the Purchased Assets meeting the requirements
of applicable law in such manner and in such jurisdictions as are necessary to perfect the sale of the Purchased Assets from FSB to RFC IV, and shall deliver a file-stamped copy of such financing statements or other evidence of such filings to RFC
IV; and 
 (e) all corporate and legal proceedings and all instruments in connection with the transactions contemplated by this Agreement
shall be satisfactory in form and substance to RFC IV, and RFC IV shall have received from FSB copies of all documents (including records of corporate proceedings) relevant to the transactions herein contemplated as RFC IV may reasonably have
requested. 
 Section 7.02. Conditions Precedent to FSB’s Obligations. The obligations of FSB to sell the Receivables in
the Initial Accounts on the Closing Date shall be subject to the satisfaction of the following conditions: 
 (a) all representations and
warranties of RFC IV contained in this Agreement shall be true and correct on the Closing Date with the same effect as though such representations and warranties had been made on such date (except that, to the extent any such representation or
warranty expressly relates to an earlier date, such representation or warranty was true and correct on such earlier date); 
 (b) payment or
provision for payment of the Purchase Price in accordance with Section 3.01 hereof shall have been made; and 
 (c) all company and
legal proceedings and all instruments in connection with the transactions contemplated by this Agreement shall be satisfactory in form and substance to FSB, 

  
 27 








 
and FSB shall have received from RFC IV copies of all documents (including records of company proceedings) relevant to the transactions herein contemplated as FSB may reasonably have requested.

 [END OF ARTICLE VII] 

  
 28 








 ARTICLE VIII 

TERM AND PURCHASE TERMINATION 

Section 8.01. Term. This Agreement shall commence as of the date of execution and delivery hereof and shall continue at least
until the earlier of (i) the termination of the Trust as provided in Article XII of the Pooling and Servicing Agreement and (ii) the Pooling and Servicing Agreement being amended for the purpose of replacing RFC IV as Transferor under the
Pooling and Servicing Agreement. Thereafter this Agreement may be terminated by the mutual agreement of the parties hereto. 

Section 8.02. Purchase Termination. If (i) FSB shall file a petition or commence a Proceeding (A) to take advantage of
any bankruptcy, conservatorship, receivership, insolvency, or similar laws or (B) for the appointment of a trustee, conservator, receiver, liquidator, or similar official for or relating to FSB or all or substantially all of its property,
(ii) FSB shall consent or fail to object to any such petition filed or Proceeding commenced against or with respect to it or all or substantially all of its property, or any such petition or Proceeding shall not have been dismissed within sixty
(60) days of its filing or commencement, or a court, agency, or other supervisory authority with jurisdiction shall have decreed or ordered relief with respect to any such petition or Proceeding, (iii) FSB shall be unable, or shall admit
in writing its inability, to pay its debts generally as they become due, (iv) FSB shall make an assignment for the benefit of its creditors or (v) FSB shall voluntarily suspend payment of its obligations (each, an “Insolvency
Event”); then FSB shall immediately cease to sell Principal Receivables to RFC IV and shall promptly give notice to RFC IV and the Trustee of such Insolvency Event. Notwithstanding any cessation of the sale to RFC IV of additional
Principal Receivables, Principal Receivables sold to RFC IV prior to the occurrence of such Insolvency Event, Collections in respect of such Principal Receivables, Finance Charge Receivables whenever created that accrue in respect of such Principal
Receivables, Collections in respect of such Finance Charge Receivables, and Issuer Rate Fees allocable to the foregoing shall continue to be property of RFC IV available for transfer by RFC IV to the Trustee pursuant to the Pooling and Servicing
Agreement. To the extent that it is not clear to FSB whether collections relate to a Receivable that was sold to RFC IV or to a receivable that FSB has not sold to RFC IV, FSB agrees that it shall allocate payments on each Account with respect to
the principal balance of such Account first to the oldest principal balance of such Account. 
 [END OF ARTICLE VIII] 

  
 29 








 ARTICLE IX 

MISCELLANEOUS PROVISIONS 

Section 9.01. Amendment. This Agreement may not be changed orally, but only by an instrument in writing signed by RFC IV and FSB
in accordance with this Section 9.01; provided, however, that no amendment shall be effective unless (x) FSB and RFC IV have given prior notice to the Trustee and each Rating Agency, and (y) written confirmation has been
received by RFC IV from each Rating Agency that such amendment will not result in the reduction or withdrawal of the respective ratings of such Rating Agency for any securities issued by the Trust; provided, further, that FSB shall
have delivered to RFC IV an Officer’s Certificate of FSB, dated the date of such action, stating that FSB reasonably believes that such action will not cause a Pay-Out Event or a Reinvestment Event. Any conveyance (including any Supplemental
Conveyance) or reassignment executed in accordance with the provisions hereof shall not be considered to be an amendment to this Agreement. A copy of any amendment to this Agreement shall be sent to each Rating Agency. 

Section 9.02. 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 SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 9.03. Notices. All demands, notices and communications hereunder shall be in writing and shall be deemed to have been duly
given if personally delivered at or mailed by certified mail, return receipt requested and postage prepaid, to (a) in the case of FSB, American Express Bank, FSB, 4315 South 2700 West, 02-01-58, Salt Lake City, Utah 84184, Attention: President
(facsimile: (801) 945-4050), (b) in the case of RFC IV, American Express Receivables Financing Corporation IV LLC, 4315 South 2700 West, Room 1100, 02-01-46, Salt Lake City, Utah 84184, Attention: President (facsimile: (801) 945-4060)
and (c) in the case of the Trustee, The Bank of New York Mellon, 101 Barclay Street, Floor 7 West, New York, New York 10286, Attention: Corporate Trust Administration – Asset Backed Securities (facsimile: 212-815-3883); or, as to each
party, at such other address as shall be designated by such party in a written notice to each other party in accordance with this Section 9.03. 

Section 9.04. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement
shall for any reason whatsoever be held invalid, then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining covenants, agreements, provisions, and terms of this Agreement and shall in no way affect the
validity or enforceability of the other provisions of this Agreement. 
 Section 9.05. Assignment. Notwithstanding anything to
the contrary contained herein, other than RFC IV’s assignment of its right, title, and interest in, to, and under this Agreement to the Trustee as contemplated by the Pooling and Servicing Agreement and Section 9.06 hereof, this Agreement
may not be assigned by the parties hereto; provided, however, that FSB shall have the right to assign its right, title and interest in, to and under this Agreement to 

  
 30 








 
(a) any successor by merger assuming this Agreement or (b) to any other entity; provided, further, that (x) in the case of an assignment pursuant to clauses (a) and
(b), FSB has given ten (10) days prior notice to RFC IV, the Trustee and each Rating Agency, and (y) in the case of an assignment pursuant to clause (b), written confirmation has been received by RFC IV and the Trustee from each Rating
Agency that such assignment will not result in the reduction or withdrawal of the respective ratings of such Rating Agency for any securities issued by the Trust. 

Section 9.06. Acknowledgement and Agreement of FSB. By execution below, FSB expressly acknowledges and agrees that all of RFC
IV’s right, title, and interest in, to, and under this Agreement, including all of RFC IV’s right, title, and interest in and to the Purchased Assets, may be assigned by RFC IV to the Trustee, and FSB consents to such assignment. FSB
further agrees that notwithstanding any claim, counterclaim, right of setoff or defense which it may have against RFC IV, due to a breach by RFC IV of this Agreement or for any other reason, and notwithstanding the bankruptcy of RFC IV or any other
event whatsoever, FSB’s sole remedy shall be a claim against RFC IV for money damages, and then only to the extent of funds available to RFC IV, and in no event shall FSB assert any claim on or any interest in the Purchased Assets or take any
action which would reduce or delay receipt by the Trustee of Collections with respect to the Purchased Assets. Additionally, FSB agrees that any amounts payable by FSB to RFC IV hereunder which are to be paid by RFC IV to the Trustee or the Servicer
shall be paid by FSB directly to the Trustee or the Servicer, as applicable, as assignee of RFC IV. 
 Section 9.07. Further
Assurances. RFC IV and FSB 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 the other party or the Trustee more fully to effect the purposes of this
Agreement, including the execution of any financing statements or amendments thereto or equivalent documents relating to the Purchased Assets for filing under the provisions of the UCC or other law of any applicable jurisdiction. 

Section 9.08. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of RFC IV or FSB, any
right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies, powers and privileges provided by law. 

Section 9.09. Counterparts. This Agreement may be executed in two or more counterparts (and by different parties on separate
counterparts), each of which shall be an original, but all of which together shall constitute one and the same instrument. 

Section 9.10. Binding; Third-Party Beneficiaries. This Agreement will inure to the benefit of and be binding upon the parties
hereto and their respective successors and permitted assigns. The Trust and the Trustee shall be considered third-party beneficiaries of this Agreement. 

  
 31 








 Section 9.11. Merger and Integration. Except as specifically stated otherwise herein,
this Agreement sets forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement. This Agreement may not be modified, amended, waived or
supplemented except as provided herein. 
 Section 9.12. Headings. The headings are for purposes of reference only and shall not
otherwise affect the meaning or interpretation of any provision hereof. 
 Section 9.13. Schedules and Exhibits. The schedules
and exhibits attached hereto and referred to herein shall constitute a part of this Agreement and are incorporated into this Agreement for all purposes. 

Section 9.14. Survival of Representations and Warranties. All representations, warranties and agreements contained in this
Agreement or contained in any Supplemental Conveyance shall remain operative and in full force and effect and shall survive conveyance of the Purchased Assets by RFC IV to the Trustee pursuant to the Pooling and Servicing Agreement. 

Section 9.15. Nonpetition Covenant. Notwithstanding any prior termination of this Agreement, FSB shall not, prior to the date
which is one year and one day after the termination of this Agreement, acquiesce, petition or otherwise invoke or cause RFC IV or the Trust to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case
against RFC IV or the Trust under any Debtor Relief Law or appointing a receiver, conservator, liquidator, assignee, trustee, custodian, sequestrator or other similar official of RFC IV or the Trust or any substantial part of its property or
ordering the winding-up or liquidation of the affairs of RFC IV or the Trust. 
 [END OF ARTICLE IX] 

  
 32 








 IN WITNESS WHEREOF, RFC IV and FSB have caused this Receivables Purchase Agreement to be duly
executed by their respective officers as of the date first above written. 
  

			
	AMERICAN EXPRESS BANK, FSB
		
	By:	 	 /s/ Denise D. Roberts

		 	Name: Denise D. Roberts
		 	Title:   Chief Financial Officer and Treasurer
	
	 AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC

		
	By:  	 	 /s/ Denise D. Roberts

		 	Name: Denise D. Roberts
		 	Title:   President


  

			
	Acknowledged and Accepted by:
	
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By:  	 	 /s/ Michael D. Commisso

		 	Name: Michael D. Commisso
		 	Title:   Vice President








 EXHIBIT A 

FORM OF SUPPLEMENTAL CONVEYANCE 

(As required by Section 2.02 of 

the Receivables Purchase Agreement) 

SUPPLEMENTAL CONVEYANCE No. [            ], dated as of
[            ], by and between AMERICAN EXPRESS BANK, FSB, a federally-chartered savings bank (together with its permitted successors and assigns, “FSB”), and
AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC, a Delaware limited liability company (together with its permitted successors and assigns, “RFC IV”), pursuant to the Receivables Purchase Agreement referred to below.

 W I T N E S S E T H: 

WHEREAS, FSB and RFC IV are parties to an Amended and Restated Receivables Purchase Agreement, dated as of July 20, 2016
(hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Receivables Purchase Agreement”); 

WHEREAS, pursuant to the Receivables Purchase Agreement, FSB wishes to designate Aggregate Addition Accounts to be included as Accounts and
FSB wishes to convey its right, title and interest in the Receivables of such Aggregate Addition Accounts, whether existing on the Addition Cut-Off Date or thereafter created, to RFC IV pursuant to the Receivables Purchase Agreement; and 

WHEREAS, RFC IV is willing to accept such designation and conveyance subject to the terms and conditions hereof. 

NOW, THEREFORE, FSB and RFC IV hereby agree as follows: 

1. Defined Terms. All capitalized terms used herein shall have the meanings ascribed to them in the Receivables Purchase Agreement
unless otherwise defined herein. 
 “Addition Date” shall mean, with respect to the Aggregate Addition Accounts,
[                    ]. 

“Addition Cut-Off Date” shall mean, with respect to the Aggregate Addition Accounts,
[                    ]. 

“Additional Purchased Assets” shall have the meaning set forth in Subsection 3(a). 

  
 A-1 








 “Aggregate Addition Accounts” shall mean the Aggregate Addition Accounts, as
defined in the Receivables Purchase Agreement, that are designated hereby and listed on Schedule 1 hereto. [To be modified for New Accounts.] 

2. Designation of Aggregate Addition Accounts. FSB delivers herewith an Account Schedule containing a true and complete list of the
Aggregate Addition Accounts. Such Account Schedule is incorporated into and made part of this Supplemental Conveyance, shall be Schedule 1 to this Supplemental Conveyance and shall supplement Schedule 1 to the Receivables
Purchase Agreement. [To be modified for New Accounts.] 
 3. Conveyance of Receivables. 

(a) FSB does hereby sell, transfer, assign, set over and otherwise convey to RFC IV, without recourse except as provided in the Receivables
Purchase Agreement, all of its right, title and interest, whether now owned or hereafter acquired, in, to and under the Receivables arising in the Aggregate Addition Accounts (including Related Accounts and Transferred Accounts with respect to such
Aggregate Addition Accounts), existing at the close of business on the Addition Cut-Off Date and thereafter created, all Insurance Proceeds, Issuer Rate Fees and Recoveries allocable to such Receivables, all monies due or to become due and all
amounts received or receivable with respect thereto, all Collections with respect thereto, and all proceeds (including “proceeds” as defined in the UCC) thereof (collectively, the “Additional Purchased Assets”).

 (b) In connection with such sale and if necessary, FSB agrees to record and file, at its own expense, one or more financing statements
(and amendments with respect to such financing statements when applicable) with respect to the Additional Purchased Assets meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect the sale
of the Additional Purchased Assets to RFC IV, and to deliver a file-stamped copy of such financing statements or amendments or other evidence of such filing to RFC IV. 

(c) In connection with such sale, FSB further agrees, at its own expense, on or prior to the date of this Supplemental Conveyance, to indicate
in the appropriate computer files that all Receivables created in connection with the Aggregate Addition Accounts and the related Additional Purchased Assets have been conveyed to RFC IV pursuant to this Supplemental Conveyance. 

(d) The parties hereto intend that the conveyance of FSB’s right, title and interest in and to the Additional Purchased Assets shall
constitute an absolute sale, conveying good title free and clear of any liens, claims, encumbrances or rights of others from FSB to RFC IV. It is the intention of the parties hereto that the arrangements with respect to the Additional Purchased
Assets shall constitute a purchase and sale of such Additional Purchased Assets and not a loan, including for accounting purposes. In the event, however, that it were to be determined that the transactions evidenced hereby constitute a loan and not
a purchase and sale, it is the intention of the parties hereto that this Supplemental Conveyance shall constitute a security agreement under applicable law, and that FSB shall be deemed to have granted, and FSB does hereby grant, to RFC


  
 A-2 








 
IV a first priority perfected security interest in all of FSB’s right, title and interest, whether now owned or hereafter acquired, in, to and under the Additional Purchased Assets to secure
the obligations of FSB hereunder and under the Receivables Purchase Agreement. 
 (e) To the extent that FSB retains any interest in the
Additional Purchased Assets, FSB hereby grants to the Trustee a security interest in all of FSB’s right, title and interest, whether now owned or hereafter acquired, in, to and under the Additional Purchased Assets, to secure the performance of
all of the obligations of FSB hereunder and under the Receivables Purchase Agreement. With respect to such security interest and such collateral, the Trustee shall have all of the rights that it has under the Pooling and Servicing Agreement. The
Trustee shall also have all of the rights of a secured creditor under the UCC. 
 4. Acceptance by RFC IV. RFC IV hereby acknowledges
that, prior to or simultaneously with the execution and delivery of this Supplemental Conveyance, FSB delivered to RFC IV the Account Schedule described in Section 2 of this Supplemental Conveyance with respect to all Additional Accounts. [To
be modified for New Accounts.] 
 5. Representations and Warranties of FSB. FSB hereby acknowledges on the Addition Date that it
makes the representations and warranties in Sections 4.01 and 4.02 of the Receivables Purchase Agreement with respect to the Aggregate Addition Accounts. 

6. Ratification of the Receivables Purchase Agreement. The Receivables Purchase Agreement is hereby ratified, and all references to the
“Receivables Purchase Agreement,” to “this Agreement” and “herein” shall be deemed from and after the Addition Date to be a reference to the Receivables Purchase Agreement as
supplemented and amended by this Supplemental Conveyance. Except as expressly amended hereby, all the representations, warranties, terms, covenants and conditions of the Receivables Purchase Agreement shall remain unamended and shall continue to be,
and shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or consent to non-compliance with any term or provision of
the Receivables Purchase Agreement. 
 7. Counterparts. This Supplemental Conveyance may be executed in any number of counterparts,
all of which taken together shall constitute one and the same instrument. 
 8. GOVERNING LAW. THIS SUPPLEMENTAL CONVEYANCE
SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

  
 A-3 








 IN WITNESS WHEREOF, RFC IV and FSB have caused this Supplemental Conveyance to be duly executed
and delivered by their respective duly authorized officers on the date first above written. 
  

			
	AMERICAN EXPRESS BANK, FSB
		
	By: 	 	  

		 	Name:
		 	Title:
	
	 AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC

		
	By:	 	  

		 	Name:
		 	Title:


  

			
	Acknowledged and Accepted by:
	
	 THE BANK OF NEW YORK MELLON,
 as
Trustee

		
	By: 	 	  

		 	Name:
		 	Title:


  
 A-4 








 Schedule 1 to 

Supplemental 
 Conveyance

 AGGREGATE ADDITION ACCOUNTS 

  
 A-5 








 Schedule 1 

LIST OF ACCOUNTS 

[Delivered] 

  
 I-1