Document:

EX-4.5

 Exhibit 4.5 

EXECUTION COPY 
 SECOND
AMENDED AND RESTATED SUPPLEMENTAL SERVICING AGREEMENT 
 THIS SECOND AMENDED AND RESTATED SUPPLEMENTAL SERVICING AGREEMENT is made
as of July 20, 2016 (this “Agreement”), among American Express Travel Related Services Company, Inc., a New York corporation (the “Servicer”), American Express Centurion Bank, a Utah industrial bank
(“Centurion”), American Express Bank, FSB, a federal savings bank (“FSB,” and together with Centurion, the “Subservicers”), American Express Receivables Financing Corporation III LLC, a Delaware
limited liability company (“RFC III”), and American Express Receivables Financing Corporation IV LLC, a Delaware limited liability company (“RFC IV” and together with RFC III, the “Transferors”).

 RECITALS 
 WHEREAS,
American Express Receivables Financing Corporation II, a Delaware corporation (“RFC II”), RFC III and RFC IV, as transferors, and the Servicer are parties to the Pooling and Servicing Agreement, dated as of May 16, 1996, as
amended and restated as of January 1, 2006 (as so amended and supplemented and otherwise modified prior to the date hereof, the “Existing Pooling and Servicing Agreement”), among RFC II, RFC III and RFC IV, as transferors, the
Servicer, and The Bank of New York Mellon, as Trustee (in such capacity, the “Trustee”); 
 WHEREAS, RFC II, RFC III and
RFC IV, as transferors, the Servicer and the Subservicers have previously entered into a Supplemental Servicing Agreement, dated as of June 30, 2004, as amended and restated on March 30, 2010 (as so amended and restated and as otherwise
modified prior to the date hereof, the “Original Supplemental Servicing Agreement”) to memorialize the terms on which the Servicer is compensated for servicing and administering the Receivables allocated to the Transferors’
Interest pursuant to the Existing Pooling and Servicing Agreement; 
 WHEREAS, concurrently with the execution of this Agreement, the
Existing Pooling and Servicing Agreement is being amended and restated to, among other things, provide for the removal of RFC II as a transferor (as so amended and restated and as otherwise modified from time to time, the “Pooling and
Servicing Agreement”); 
 WHEREAS, subject to the terms and conditions of the Original Supplemental Servicing Agreement, the
Servicer engaged the Subservicers to subservice and administer certain Receivables; 
 WHEREAS, each Subservicer accepted such engagement
and the rights, powers, duties, and obligations set forth in the Original Supplemental Servicing Agreement; and 
 WHEREAS, the parties
hereto desire to amend and restate the Original Supplemental Servicing Agreement in its entirety. 

 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this
Agreement, and for other valuable consideration the receipt and sufficiency of which are hereby acknowledged, the Servicer, the Subservicers, and the Transferors hereby agree as follows: 

1. Definitions. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing
Agreement, a copy of which has been delivered by the Servicer to each Subservicer. 
 2. Servicing Compensation Relating to the
Transferors’ Interest. As compensation for servicing and administering the Receivables allocated to the Transferors’ Interest pursuant to the Pooling and Servicing Agreement, the Transferors shall pay to the Servicer, in immediately
available funds on each Distribution Date, a servicing fee in an amount equal to one-twelfth of the product of (i) 2% and (ii) the Transferor Amount as of the last day of the Monthly Period preceding such Distribution Date. 

3. Engagement of the Subservicers. Pursuant to Section 3.01 of the Pooling and Servicing Agreement, the Servicer hereby engages
(i) Centurion to subservice and administer the Receivables arising in the Accounts owned by Centurion (the “Centurion Receivables”) and (ii) FSB to subservice and administer the Receivables arising in the Accounts owned by
FSB (the “FSB Receivables”). Each of Centurion and FSB has accepted such engagement under the Original Supplemental Servicing Agreement and hereby accepts such engagement under this Agreement. 

4. Subservicing Fees. (a) As compensation for subservicing and administering the Centurion Receivables in accordance with this
Agreement, the Servicer shall pay to Centurion, in immediately available funds on each Distribution Date, a subservicing fee in an amount equal to $1,000 (the “Centurion Subservicing Fee”). As compensation for subservicing and
administering the FSB Receivables in accordance with this Agreement, the Servicer shall pay to FSB, in immediately available funds on each Distribution Date, a subservicing fee in an amount equal to $1,000 (the “FSB Subservicing
Fee,” and together with the Centurion Subservicing Fee, the “Subservicing Fees”). Each Subservicing Fee may be adjusted from time to time to reflect such factors as the Servicer and the applicable Subservicer mutually agree
will result in a Subservicing Fee determined to be fair consideration for the subservicing and administrative obligations performed by such Subservicer. 

(b) Payment of the Subservicing Fees shall be independent of, and shall not be conditioned in any way on, the receipt by the Servicer of the
Servicing Fee under the Pooling and Servicing Agreement or the servicing compensation described in Section 2 of this Agreement. 
 (c)
Promptly upon the execution of this Agreement, the Servicer shall pay any and all unpaid Subservicing Fees that accrued under the Original Supplemental Servicing Agreement as of the date of this Agreement. 

5. Duties of the Subservicers. (a) As agent for the Servicer, each Subservicer shall take all actions reasonably requested by the
Servicer to subservice and administer the applicable Receivables, to collect and deposit into the Collection Account 

  
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payments due under such Receivables and to charge-off as uncollectible such Receivables, in each case in accordance with the Pooling and Servicing Agreement, the applicable Account Agreements,
the applicable Credit Guidelines, and such Subservicer’s customary and usual servicing procedures for servicing credit or charge receivables comparable to such Receivables. As agent for the Servicer, each Subservicer shall have full power and
authority, whether acting in its own name or on behalf of another and whether acting alone or through the Servicer, to do any and all things in connection with such subservicing and administration which it may deem necessary or desirable and which
is permitted of the Servicer under the Pooling and Servicing Agreement. 
 (b) No Subservicer shall be obligated to use separate servicing
procedures, offices, employees, or accounts for subservicing the applicable Receivables from the procedures, offices, employees, and accounts used by such Subservicer in connection with servicing other comparable receivables. Each Subservicer may
commingle Collections on the applicable Receivables to the extent permitted of the Servicer under the Pooling and Servicing Agreement. 

(c) The Servicer shall furnish each Subservicer with any files, records, or documents necessary or appropriate to enable such Subservicer to
carry out its subservicing and administrative duties hereunder. Each Subservicer shall furnish the Servicer with any files, records, or documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties
under the Pooling and Servicing Agreement. 
 (d) Each Subservicer shall pay out of its own funds, without reimbursement, all expenses
incurred in connection with its subservicing activities hereunder. 
 (e) Each Subservicer shall duly satisfy all obligations on its part to
be fulfilled under or in connection with each applicable Receivable and the related Account, will maintain in effect all qualifications required under Requirements of Law in order to subservice properly each applicable Receivable and the related
Account, and will comply in all material respects with all other Requirements of Law in connection with subservicing each applicable Receivable and the related Account, the failure to comply with which would have an Adverse Effect. 

(f) No Subservicer shall authorize any rescission or cancellation of any Receivable except in accordance with the applicable Credit Guidelines
or as ordered by a court of competent jurisdiction or other Governmental Authority. 
 (g) No Subservicer shall take any action which, or
omit to take any action the omission of which, would impair the rights of the Trustee in any Receivable. No Subservicer shall reschedule, revise, or defer payments due on any Receivable except in accordance with the applicable Credit Guidelines, nor
shall it sell any assets in the Trust. 
 (h) Except in connection with its enforcement or collection of an Account, no Subservicer shall
take any action to cause any Receivable to be evidenced by any instrument (as defined in the UCC). 
 (i) As reasonably requested by the
Servicer, each Subservicer shall (i) furnish the Servicer with true and complete copies of all reports, statements, certificates, notices, and other documents received or generated by such Subservicer in connection with its duties

  
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hereunder and (ii) cooperate with the Servicer in taking any and all actions which the Servicer deems necessary in order for it to satisfactorily perform its obligations under the Pooling
and Servicing Agreement. Nothing in this Agreement shall be construed as granting to a Subservicer any right or power with respect to the Receivables that is more expansive than that granted to the Servicer under the Pooling and Servicing Agreement.

 6. Reimbursement of the Servicer. Each Subservicer, severally and not jointly, shall reimburse the Servicer for any loss arising
from a claim or demand (including any claim for damages and any demand to accept an assignment of Receivables) that is made against the Servicer under the Pooling and Servicing Agreement and that arises from such Subservicer’s misconduct,
negligence, or failure to abide by the terms of this Agreement (including provisions of the Pooling and Servicing Agreement made applicable by this Agreement). 

7. Representations, Warranties, and Covenants of the Parties. Each party, for and as to itself only, hereby makes the following
representations, warranties, and covenants for the benefit of the other parties: 
 (a) Such party is and will remain a legal entity duly
organized and validly existing in good standing under the laws of the jurisdiction of its organization. Such party has, in all material respects, full power and authority to own its properties and conduct its business as presently owned or
conducted. Such party has and will have, in all material respects, full power and authority to execute, deliver, and perform its obligations under this Agreement. 

(b) Such party is and will remain duly qualified to do business, is and will remain in good standing as a foreign entity (or is exempt from
such requirements), and has obtained and will retain all necessary licenses and approvals, in each jurisdiction in which its obligations under this Agreement require such qualification, except where the failure to so qualify or obtain licenses or
approvals would not have a material adverse effect on its ability to perform its obligations under this Agreement. 
 (c) Such party’s
execution, delivery, and performance of this Agreement have been duly authorized by all necessary action on the part of such party. 
 (d)
This Agreement constitutes a legal, valid, and binding obligation of such party, enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, or other similar laws affecting
creditors’ rights generally or by general principles of equity. 
 (e) The execution and delivery of this Agreement by such party, and
the performance by such party of the transactions contemplated by this Agreement, and the fulfillment by such party of the terms hereof and thereof applicable to such party, will not conflict with, violate or 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 such party is a party or by which
it or its properties are bound. 
 (f) The execution and delivery of this Agreement by such party, the performance by such party of the
transactions contemplated by this Agreement, and the 

  
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fulfillment by such party of the terms hereof and thereof applicable to such party, will not conflict with or violate any Requirements of Law applicable to such party. 

(g) There are no proceedings or investigations pending or, to the best knowledge of such party, threatened against such party before any
Governmental Authority seeking to prevent the consummation of any of the transactions contemplated by this Agreement or seeking any determination or ruling that, in the reasonable judgment of such party, would materially and adversely affect the
performance by such party of its obligations under this Agreement. 
 (h) All authorizations, consents, orders, or approvals of or
registrations or declarations with any Governmental Authority required to be obtained, effected, or given by such party in connection with the execution and delivery of this Agreement by such party, and the performance of the transactions
contemplated by this Agreement by such party, have been duly obtained, effected, or given and are and will remain in full force and effect. 

8. Resignation or Termination of a Subservicer. A Subservicer may resign at any time upon at least 45 days prior written notice to the
Servicer. The Servicer may terminate a Subservicer at any time upon at least 45 days prior written notice to such Subservicer. The Servicer also may terminate a Subservicer at any time without prior notice if (i) such Subservicer fails to
perform its obligations hereunder or (ii) any event occurs which materially and adversely affects the ability of such Subservicer or the Servicer to collect the applicable Receivables, the ability of such Subservicer to perform its obligations
hereunder, or the ability of the Servicer to perform its obligations under the Pooling and Servicing Agreement. 
 9. Term. Except as
provided in Section 8 of this Agreement, this Agreement shall continue in full force and effect until the earlier of (i) the termination of the Servicer under the Pooling and Servicing Agreement or (ii) the termination of the Pooling
and Servicing Agreement. 
 10. Notices. All notices, requests, and other communications permitted or required hereunder shall be in
writing and shall be delivered personally or mailed by certified mail, postage prepaid and return receipt requested, or by telex or facsimile as follows: 

If to the Servicer, addressed to: 

American Express Travel Related Services Company, Inc. 

American Express Tower 
 World
Financial Center 
 200 Vesey Street 

New York, New York 10285 
 Attn:
Treasurer (facsimile no. (212) 619-7099), 
 If to Centurion, addressed to 

American Express Centurion Bank 

4315 South 2700 West 
 Salt Lake
City, Utah 84184 
 Attn: President (facsimile no. (801) 945-4075), 

  
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 If to FSB, addressed to 

American Express Bank, FSB 
 4315
South 2700 West, 02-01-58 
 Salt Lake City, Utah 84184 

Attn: President (facsimile no. (801) 945-4050), 

If to RFC III, addressed to: 

American Express Receivables Financing Corporation III LLC 

4315 South 2700 West 
 Room
3020-3, 02-01-03 
 Salt Lake City, Utah 84184 

Attn: President (facsimile no. (801) 945-4045), 

with a copy to American Express Travel Related Services Company, Inc., as administrator, American Express Tower, World Financial Center, 200
Vesey Street, New York, New York 10285, Attention: General Counsel (facsimile no. 212-619-7099), 

If to RFC IV, addressed to: 

American Express Receivables Financing Corporation IV LLC 

4315 South 2700 West 
 Room 1100,
02-01-46 
 Salt Lake City, Utah 84184 

Attn: President (facsimile no. (801) 945-4060), and 

with a copy to American Express Travel Related Services Company, Inc., as administrator, American Express Tower, World Financial Center, 200
Vesey Street, New York, New York 10285, Attention: General Counsel (facsimile no. 212-619-7099), 
 or to such other place within the United States of
America as any party may designate as to itself by written notice to the other parties. All notices given by personal delivery or mail shall be effective on the date of actual receipt at the appropriate address. Notice given by telex or facsimile
shall be effective upon actual receipt if received during the recipient’s normal business hours or the beginning of the next business day after receipt if received after the recipient’s normal business hours. 

11. Non-Petition Covenant. The Servicer and each Subservicer hereby covenants and agrees that it will not at any time institute against
any Transferor, or join in 

  
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instituting against any Transferor, any case or proceeding under the United States Bankruptcy Code or any other bankruptcy, insolvency, or similar law. 

12. Successors and Assigns. This Agreement shall be binding on the parties hereto and their respective successors and assigns;
provided, however, that no Subservicer may assign any of its rights or delegate any of its duties hereunder without the prior written consent of the Servicer. 

13. Severability. The provisions of this Agreement are intended to be severable. If any provision of this Agreement shall be held
invalid or unenforceable in whole or in part in any jurisdiction, such provision shall, as to such jurisdiction, be ineffective to the extent of such invalidity or unenforceability without in any manner affecting the validity or enforceability of
such provision in any other jurisdiction or the remaining provisions hereof in any jurisdiction. 
 14. Counterparts. This Agreement
may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument, and any of the parties hereto may execute this Agreement by signing any such counterpart. 

15. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD
TO ITS CONFLICTS OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

16. Captions. The captions in this Agreement are for convenience of reference only and shall not define or limit any of the terms or
provisions hereof. 
 17. Entire Agreement; Amendments; Waiver. This Agreement constitutes the entire agreement of the parties on the
subject matter addressed herein and supersedes any other agreement of the parties on such subject matter. This Agreement may not be amended, and no rights hereunder may be waived, except by a written document signed by the duly authorized
representatives of the parties. No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver
unless otherwise expressly provided. 
 [The remainder of this page is left blank intentionally.] 

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

			
	AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
		
	By:	 	/s/ David L. Yowan
		 	 Name: David L. Yowan
 Title:
Treasurer

  

			
	AMERICAN EXPRESS CENTURION BANK
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title: Chief
Financial Officer and Treasurer

  

			
	AMERICAN EXPRESS BANK, FSB
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title: Chief
Financial Officer and Treasurer

  

			
	AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION III LLC
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title:
President

  

			
	AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title:
President

  
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	 Acknowledged and Accepted:
  

AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION II

		
	By:	 	/s/ Anderson Y. Lee
		 	 Name: Anderson Y. Lee
 Title:
President

  
 9EX-4.6

 Exhibit 4.6 

EXECUTION COPY 
  

 
 AMENDED AND RESTATED DEFAULTED
RECEIVABLES 
 SUPPLEMENTAL SERVICING AGREEMENT 

among 
 AMERICAN EXPRESS TRAVEL
RELATED SERVICING COMPANY, INC., 
 as Servicer 

AMERICAN EXPRESS CENTURION BANK, 

as Subservicer 
 AMERICAN EXPRESS
BANK, FSB, 
 as Subservicer 

and 
 AMERICAN EXPRESS
RECEIVABLES FINANCING CORPORATION III LLC 
 and 

AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC, 

as Transferors 
 Dated as of
July 20, 2016 
  
  

 This Amended and Restated Defaulted Receivables Supplemental Servicing Agreement (this
“Agreement”) is made as of July 20, 2016, among American Express Travel Related Services Company, Inc. (“TRS”), as Servicer (in such capacity, the “Servicer”), American Express Centurion Bank
(“Centurion) and American Express Bank, FSB (“FSB”), as Subservicers (each, in such capacity, a “Subservicer”), and American Express Receivables Financing Corporation III LLC (“RFC III”)
and American Express Receivables Financing Corporation IV LLC (“RFC IV” and, together with RFC III, the “Transferors”) as Transferors. 

BACKGROUND 

Pursuant to Section 2.01(a) of the Centurion/RFC III Receivables Purchase Agreement, Centurion sells to RFC III the Purchased Assets.
Pursuant to Section 2.01(g) of the Centurion/RFC III Receivables Purchase Agreement, each Account will continue to be owned by Centurion and is not a Purchased Asset. 

Pursuant to Section 2.01(a) of the FSB/RFC IV Receivables Purchase Agreement, FSB sells to RFC IV the Purchased Assets. Pursuant to
Section 2.01(f) of the FSB/RFC IV Receivables Purchase Agreement, each Account will continue to be owned by FSB and is not a Purchased Asset. 

Pursuant to Section 2.01 of the Pooling and Servicing Agreement, each Transferor assigns to the Trustee, on behalf of the Trust, the
Trust Assets. Each Account will continue to be owned by the related Account Owner and will not be a Trust Asset. 
 Pursuant to
Section 3.01 of the Pooling and Servicing Agreement, TRS agrees to act as the Servicer to service and administer the Receivables. Pursuant to Section 3.1(b) of the Pooling and Servicing Agreement, the Servicer has the full power and
authority, whether acting in its own name or on behalf of another and whether acting alone or through a party properly designated by it, to do any and all things in connection with such servicing and administration which it may deem necessary or
desirable, including, among other things, the power and authority to commence collection or enforcement proceedings with respect to delinquent Receivables, including the Defaulted Receivables. 

Pursuant to Section 2.10 of the Pooling and Servicing Agreement, when an Account becomes a Defaulted Account, the Defaulted Receivables
in such Defaulted Account are transferred automatically by the Trustee to the applicable Transferor. The Servicer remains obligated to service the Defaulted Receivables, and the Trustee, for the benefit of the Trust, remains entitled to all
Recoveries on the Defaulted Receivables. 
 Pursuant to Section 3 of the Supplemental Servicing Agreement, the Servicer has engaged
each Subservicer to subservice and administer the Receivables arising in the Accounts owned by such Subservicer. 
 Pursuant to
Section 5(a) of the Supplemental Servicing Agreement, each Subservicer has the full power and authority, whether acting in its own name or on behalf of another and whether acting alone or through the Servicer, to do any and all things in
connection with the subservicing and administration of the Receivables which it may deem necessary or desirable and which is 

 
permitted of the Servicer under the Pooling and Servicing Agreement, including, among other things, the power and authority to commence collection or enforcement proceedings with respect to
delinquent Receivables, including the Defaulted Receivables. 
 The Servicer, the Subservicers and American Express Receivables Financing
Corporation II, RFC III and RFC IV have previously entered into a Defaulted Receivables Supplemental Servicing Agreement, dated as of May 10, 2013 (the “Original Defaulted Receivables Supplemental Servicing Agreement”), for the
purpose of facilitating the servicing of Defaulted Receivables by the Servicer and the Subservicers and the transfer of Recoveries to the Trustee, for the benefit of the Trust. 

The parties hereto desire to amend and restate the Original Defaulted Receivables Supplemental Servicing Agreement in its entirety. 

AGREEMENT 
 In
consideration of the background and the mutual promises in this Agreement and for other valuable consideration, the receipt and adequacy of which are acknowledged, the parties agree to the following: 

ARTICLE 
 IDEFINITIONS AND
RULES OF CONSTRUCTION 
 Section 1.01. Definitions. The following definitions apply in this Agreement: 

“Account” has the meaning set forth in the applicable Transaction Agreement. 

“Account Owner” has the meaning set forth in the applicable Transaction Agreement. 

“Agreement” has the meaning set forth in the first paragraph of this document. 

“Centurion/RFC III Receivables Purchase Agreement” means the Amended and Restated Receivables Purchase Agreement, dated as of
July 20, 2016, between Centurion and RFC III, as amended or supplemented from time to time. 
 “Closing Date” means
the close of business on May 10, 2013. 
 “Defaulted Account” has the meaning set forth in the Pooling and Servicing
Agreement. 
 “Defaulted Receivable” has the meaning set forth in the Pooling and Servicing Agreement. 

“FSB/RFC IV Receivables Purchase Agreement” means the Amended and Restated Receivables Purchase Agreement, dated as of
July 20, 2016, between FSB and RFC IV, as amended or supplemented from time to time. 

  
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 “Pooling and Servicing Agreement” means the Third Amended and Restated Pooling
and Servicing Agreement, dated as of July 20, 2016, among the Transferors, the Servicer and the Trustee, as further amended or supplemented from time to time. 

“Purchased Assets” has the meaning set forth in the applicable Receivables Purchase Agreement. 

“Receivable” has the meaning set forth in the Pooling and Servicing Agreement. 

“Receivables Purchase Agreements” means Centurion/RFC III Receivables Purchase Agreement and the FSB/RFC IV Receivables
Purchase Agreement. 
 “Recoveries” has the meaning set forth in the Pooling and Servicing Agreement. 

“Servicer” has the meaning set forth in the first paragraph of this Agreement. 

“Servicing Fee” has the meaning set forth in the Pooling and Servicing Agreement. 

“Subservicer” has the meaning set forth in the first paragraph of this Agreement. 

“Subervicing Fee” has the meaning set forth in the Supplemental Servicing Agreement. 

“Supplemental Servicing Agreement” means the Second Amended and Restated Supplemental Servicing Agreement, dated as of
July 20, 2016, among the Servicer, the Subservicers and the Transferors, as further amended or supplemented from time to time. 

“Transaction Agreements” means the Receivables Purchase Agreements, the Pooling and Servicing Agreement and the Supplemental
Servicing Agreement. 
 “Transferors” has the meaning set forth in the first paragraph of this Agreement. 

“TRS” has the meaning set forth in the first paragraph of this Agreement. 

“Trust” means American Express Credit Account Master Trust. 

“Trust Assets” has the meaning set forth in the Pooling and Servicing Agreement. 

“Trustee” means The Bank of New York Mellon, as Trustee of the Trust. 

Section 1.02. Other Definitional Provisions. Each capitalized term used herein and not otherwise defined herein shall have the
meaning ascribed to it in the applicable Transaction Agreement. 
 Section 1.03. Rules of Construction. The term
“include” introduces a nonexhaustive list. The canon of ejusdem generis may be applied only in the context of this Agreement’s purpose and not merely in the context of a particular phrase. A reference to any law is to that law
as amended or supplemented to the applicable time. A reference to any agreement, document, policy, or procedure is to that agreement, document, policy, or procedure as amended or 

  
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supplemented to the applicable time. A reference to any person or entity includes that person’s or entity’s successors and permitted assigns. 

ARTICLE II 
 SERVICING AND
TRANSFER FOR COLLECTION 
 Section 2.01. Confirmation of Servicing. The Servicer is obligated under the Pooling and
Servicing Agreement to service and administer each Defaulted Receivable that has been transferred automatically to the applicable Transferor until all related Recoveries have been remitted to the Trustee, for the benefit of the Trust. Each
Subservicer has been engaged by the Servicer to subservice and administer the Receivables arising in the Accounts owned by such Subservicer. Pursuant to such engagement, each Subservicer has the power and authority, whether acting in its own name or
on behalf of another and whether acting alone or through the Servicer, to do any and all things in connection with the subservicing and administration of the Receivables which it may deem necessary or desirable and which is permitted of the Servicer
under the Pooling and Servicing Agreement, including the power and authority to commence collection or enforcement proceedings with respect to delinquent Receivables, including the Defaulted Receivables. Each of the Servicing Fee and each
Subservicing Fee is an arm’s-length and fair-market-value fee for all of the obligations of the Servicer and each Subservicer, as applicable, under the Pooling and Servicing Agreement and the Supplemental Servicing Agreement, respectively,
including its obligation to service and administer each Defaulted Receivable. 
 Section 2.02. Confirmation of Appointment as Agent
for Collection. By executing this Agreement and without any further action, immediately after a Receivable becomes a Defaulted Receivable and is transferred to the applicable Transferor by the Trustee under Section 2.10 of the Pooling and
Servicing Agreement, each Transferor confirms that the Servicer, and each Subservicer engaged by the Servicer, continues to be appointed as agent to collect all of the applicable Transferor’s right, title, and interest in, to, and under that
Defaulted Receivable. In addition, each Transferor ratifies and affirms its prior appointment of the Servicer and each Subservicer engaged by the Servicer for collection of all of the applicable Transferor’s right, title, and interest in, to,
and under the Receivables that became Defaulted Receivables before the Closing Date. The Servicer and each Subservicer engaged by the Servicer accepts such confirmation of appointment as agent to collect all of these Defaulted Receivables and
distribute the proceeds as specified in the Transaction Agreements, including, without limitation, distribution in accordance with the Trustee’s right, title, and interest in, to, and under all Recoveries allocable to the Defaulted Receivables.

 Section 2.03. Sale of Defaulted Receivables to Third-Party Purchasers. The Servicer, or the applicable Subservicer, may
recover on Defaulted Receivables by selling them to third-party purchasers. The purchase price that is paid for any Defaulted Receivable by a third-party purchaser will be a Recovery that must be remitted to the Trustee. By executing this Agreement
and without any further action, each Transferor releases all of its right, title, and interest in, to, and under any Defaulted Receivable that is sold to a third-party purchaser upon the full and irrevocable payment of the related purchase price.

  
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 Section 2.04. Transfer of Recoveries. All Recoveries (including any payment described
in Section 2.03) must be remitted as required under the Pooling and Servicing Agreement. 
 Section 2.05. Representations and
Warranties. On the Closing Date, each party represents and warrants that (i) it has been duly formed and is validly existing in good standing under the laws of the jurisdiction of its organization, (ii) it has full power and authority,
and has taken all necessary action, to duly authorize, execute, and deliver this Agreement, to fulfill its obligations under this Agreement, and to consummate the transactions contemplated by this Agreement, (iii) its execution and delivery of
this Agreement and its performance of the transactions contemplated by this Agreement do not violate any applicable law, conflict with any agreement that is material to it, or require any approvals that it has not already obtained, (iv) this
Agreement constitutes its legal, valid, and binding obligation, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, or other laws affecting the rights of creditors generally or by principles
of equity, and (v) it is not insolvent and is not expected to become insolvent. 
 ARTICLE III 

TERM AND MISCELLANEOUS PROVISIONS 

Section 3.01. Term. Unless terminated earlier with the consent of each party, this Agreement will continue in full force until the
termination of the Pooling and Servicing Agreement. 
 Section 3.02. Amendment. This Agreement can be modified only by a written
document that is executed by all of the parties. 
 Section 3.03. Governing Law. THIS AGREEMENT IS GOVERNED BY AND MUST BE
CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF NEW YORK, REGARDLESS OF ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES MUST BE DETERMINED ACCORDING TO THOSE LAWS. 

Section 3.04. Notices. All notices and other communications under this Agreement must be in writing and must be given as described
in the Pooling and Servicing Agreement or the Supplemental Servicing Agreement, as applicable. 
 Section 3.05. Severability. If
any part of this Agreement is held to be invalid or otherwise unenforceable, the rest of this Agreement will be considered severable and will continue in full force for so long as this Agreement as modified continues to express, without material
change, the original intent of the parties and the deletion of the invalid or otherwise unenforceable part will not substantially impair the expectations of the parties or the practical realization of the benefits that would otherwise be conferred
on the parties. 
 Section 3.06. Assignment. No party can assign any interest in this Agreement, unless (i) at least 10
days prior to the assignment, notice is given to the other party and (ii) the other party gives its prior written approval to the assignment. 

  
 5 

 Section 3.07. Further Assurances. Each party must take all actions that are
reasonably requested by the other party to effect more fully the purposes of this Agreement. 
 Section 3.08. No Waiver; Cumulative
Remedies. No failure to exercise or delay in exercising any right or remedy under this Agreement will effect a waiver of that right or remedy. No single or partial exercise of any right or remedy under this Agreement will preclude any other or
further exercise of that right or remedy or any other right or remedy. Except as otherwise expressly provided, the rights and remedies under this Agreement are cumulative and not exhaustive. 

Section 3.09. Counterparts. This Agreement may be executed in any number of counterparts, each of which will be considered an
original but all of which together will constitute one agreement. 
 Section 3.10. Binding Effect. This Agreement benefits and
is binding on the parties and their successors and permitted assigns. 
 Section 3.11. Merger and Integration. This Agreement
contains all of the terms and conditions relating to its subject matter to which the parties have agreed. All prior understandings of any kind are superseded by this Agreement. This Agreement is not, and does not effect, an amendment to the Pooling
and Servicing Agreement. 
 Section 3.12. Headings. The headings are for reference only and may not affect the interpretation of
this Agreement. 
 Section 3.13. Nonpetition Covenant. Regardless of any prior termination of this Agreement, no party (except
for the Transferor to the extent prohibited by law from making this covenant in connection with itself) may file, commence, join, encourage, provide support for, or acquiesce in a petition, proceeding, or other action that causes the Transferor or
the Trust to be a debtor under the U.S. Bankruptcy Code or any other insolvency, bankruptcy, conservatorship, receivership, liquidation, reorganization, or other debtor relief law or that causes a trustee, conservator, receiver, liquidator, or
similar official to be appointed for Transferor, the Trust, or any substantial part of any of their property. 
 [The rest of this page is
left blank intentionally.] 

  
 6 

 Executed by the parties through their duly authorized officers as of July 20, 2016. 

 

			
	AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
		
	By:	 	/s/ David L. Yowan
		 	 Name: David L. Yowan
 Title:
Treasurer

  

			
	AMERICAN EXPRESS CENTURION BANK
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title: Chief
Financial Officer and Treasurer

  

			
	AMERICAN EXPRESS BANK, FSB
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title: Chief
Financial Officer and Treasurer

  

			
	AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION III LLC
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title:
President

 [Defaulted Receivables Supplemental Servicing Agreement] 

 
			
	AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION IV LLC
		
	By:	 	/s/ Denise D. Roberts
		 	 Name: Denise D. Roberts
 Title:
President

 Acknowledged and Accepted: 
  

			
	AMERICAN EXPRESS RECEIVABLES FINANCING CORPORATION II
		
	By:	 	/s/ Anderson Y. Lee
		 	Name: Anderson Y. Lee
		 	Title: President

 [Defaulted Receivables Supplemental Servicing Agreement]

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