Document:

EXHIBIT 4.1

  
 CAPITAL ONE MULTI-ASSET EXECUTION TRUST 
  
 as Issuer 
  
 and 
  
 THE BANK OF NEW YORK 
  
 as Indenture Trustee 
  
 CLASS B(2004-1) TERMS DOCUMENT 
  
 dated as of January 30, 2004 
  
 to 
  
 CARD SERIES INDENTURE SUPPLEMENT 
  
 dated as of October 9, 2002 
  
 to 
  
 ASSET POOL 1 SUPPLEMENT 
  
 dated as of October 9, 2002 
  
 to

  
 INDENTURE 
  
 dated as of October 9, 2002 
  

  

  
 TABLE OF CONTENTS

  

					
	 	  	 	  	Page

	 ARTICLE I
 Definitions and Other Provisions of General Application

			
	 Section 1.01.
	  	 Definitions
	  	1
			
	 Section 1.02.
	  	 Governing Law
	  	7
			
	 Section 1.03.
	  	 Counterparts
	  	7
			
	 Section 1.04.
	  	 Ratification of Indenture, the Asset Pool 1 Supplement and Indenture Supplement
	  	7
			
	 	  	 ARTICLE II
 The Class B(2004-1) Notes
	  	 
			
	 Section 2.01.
	  	 Creation and Designation
	  	8
			
	 Section 2.02.
	  	 Adjustments to Required Subordinated Percentages
	  	8
			
	 Section 2.03.
	  	 Interest Payment
	  	8
			
	 Section 2.04.
	  	 Calculation Agent; determination of LIBOR
	  	8
			
	 Section 2.05.
	  	 Payments of Interest and Principal
	  	9
			
	 Section 2.06.
	  	 Form of Delivery of Class B(2004-1) Notes; Depository; Denominations
	  	9
			
	 Section 2.07.
	  	 Delivery and Payment for the Class B(2004-1) Notes
	  	10
			
	 Section 2.08.
	  	 Targeted Deposits to the Accumulation Reserve Account
	  	10
			
	 Section 2.09.
	  	 Reserved
	  	10

  

 -i- 

  
 THIS CLASS B(2004-1) TERMS
DOCUMENT (this “Terms Document”), by and between CAPITAL ONE MULTI-ASSET EXECUTION TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at E. A. Delle
Donne Corporate Center, Montgomery Building, 1011 Centre Road, Wilmington, DE 19805 and THE BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), is made and entered into as of January 30,
2004. 
  
 Pursuant to this Terms Document, the Issuer shall create
a new tranche of Class B Notes and shall specify the principal terms thereof. 
  
 ARTICLE I 
  
 Definitions and Other
Provisions of General Application 
  
 Section 1.01.
Definitions. For all purposes of this Terms Document, except as otherwise expressly provided or unless the context otherwise requires: 
  

	 	(1)	the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as the singular; 

  

	 	(2)	all other terms used herein which are defined in the Indenture Supplement, the Asset Pool 1 Supplement or the Indenture, either directly or by reference therein, have the meanings
assigned to them therein; 

  

	 	(3)	all accounting terms not otherwise defined herein have the meanings assigned to them in accordance with generally accepted accounting principles and, except as otherwise herein
expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder means such accounting principles as are generally accepted in the United States of America at the date
of such computation; 

  

	 	(4)	all references in this Terms Document to designated “Articles,” “Sections” and other subdivisions are to the designated Articles, Sections and other subdivisions
of this Terms Document; 

  

	 	(5)	the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Terms Document as a whole and not to any particular
Article, Section or other subdivision; 

  

	 	(6)	in the event that any term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture Supplement, the Asset Pool 1
Supplement, the Indenture or the Transfer and Administration Agreement, the terms and provisions of this Terms Document shall be controlling; 

  

	 	(7)	each capitalized term defined herein shall relate only to the Class B(2004-1) Notes and no other Tranche of Notes issued by the Issuer; and 

  

 1 

	 	(8)	“including” and words of similar import will be deemed to be followed by “without limitation.” 

  
 “Accumulation Period Amount” means $20,833,333.33;
provided, however, if the Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section 3.10(b)(ii) of the Indenture Supplement, the Accumulation Period Amount shall be the amount specified in
the definition of “Accumulation Period Amount” in the Indenture Supplement. 
  
 “Accumulation Reserve Funding Period” shall mean, (a) if the Accumulation Period Length is determined to be one (1) month, there shall be no Accumulation Reserve Funding Period and (b) otherwise, the
period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three (3) calendar months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account of the Class
B(2004-1) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following the first Distribution Date following and including the December 2006 Distribution Date for which the Quarterly Excess Spread
Percentage is less than 2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 12 months prior to the first Distribution Date for which a budgeted deposit is targeted to be made into the
Principal Funding sub-Account for the Class B(2004-1) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (iii) the Monthly Period following the first Distribution Date following and including the June 2007 Distribution Date for
which the Quarterly Excess Spread Percentage is less than 3%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 6 months prior to the first Distribution Date for which a budgeted deposit is
targeted to be made into the Principal Funding sub-Account for the Class B(2004-1) Notes pursuant to Section 3.10(b) of the Indenture Supplement, and (iv) the Monthly Period following the first Distribution Date following and including the
August 2007 Distribution Date for which the Quarterly Excess Spread Percentage is less than 4%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier than 4 months prior to the first Distribution Date
for which a budgeted deposit is targeted to be made into the Principal Funding sub-Account for the Class B(2004-1) Notes pursuant to Section 3.10(b) of the Indenture Supplement and (y) ending on the close of business on the last day of the
Monthly Period preceding the earlier to occur of (i) the Expected Principal Payment Date for the Class B(2004-1) Notes and (ii) the date on which the Class B(2004-1) Notes are paid in full. 
  
 “Aggregate Class B Unencumbered Amount” means an amount
equal to the Adjusted Outstanding Dollar Principal Amount of all Class B Notes in the Card Series minus the sum of the Required Subordinated Amount of Class B Notes for all Class A Notes in the Card Series. 
  
 “Asset Pool 1 Supplement” means the Asset Pool 1 Supplement
dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
  
 “Base Rate” means, with respect to any Monthly Period, the sum of (a) the Card Series Servicing Fee Percentage and (b) the weighted
average (based on the Outstanding Dollar Principal Amount of the related Card Series Notes) of the following: 
  
 (i) in the case of a Tranche of Card Series Dollar Interest-bearing Notes with no Derivative Agreement for interest, the rate of interest
applicable to such 

  

 2 

 
Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Dollar Interest-bearing Notes in such Monthly
Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Dollar Interest-bearing Notes in the following Monthly Period; 
  
 (ii) in the case of a Tranche of Card Series Discount Notes, the rate of accretion (converted to an accrual rate) of such Tranche for the
period from and including the Monthly Interest Accrual Date for such Tranche of Card Series Discount Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Discount Notes in the following
Monthly Period; 
  
 (iii) in the case of a
Tranche of Card Series Notes with a Performing Derivative Agreement for interest, the rate at which payments by the Issuer to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the period from
and including the Monthly Interest Accrual Date for such Tranche of Card Series Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; provided, however,
that in the case of a Tranche of Card Series Notes with a Performing Derivative Agreement for interest in which the rating on such Tranche of Card Series Notes is not dependant upon the rating of the applicable Derivative Counterparty, the amount
determined pursuant to this clause (iii) will be the higher of (1) the rate determined pursuant to this clause (iii) above and (2) the rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date
for such Tranche of Card Series Notes in such Monthly Period to but excluding the Monthly Interest Accrual Date for such Tranche of Card Series Notes in the following Monthly Period; and 
  
 (iv) in the case of a tranche of Card Series Notes with a non-Performing Derivative Agreement for interest,
the rate specified for that date in the related Terms Document. 
  
 “Calculation Agent” is defined in Section 2.04(a). 
  
 “Class B(2004-1) Adverse Event” means the occurrence of any of the following: (a) an Early Redemption Event with respect to the Class B(2004-1) Notes or (b) an Event of Default and acceleration of the
Class B(2004-1) Notes. 
  
 “Class B(2004-1) Note”
means any Note, substantially in the form set forth in Exhibit A-2 to the Indenture Supplement, designated therein as a Class B(2004-1) Note and duly executed and authenticated in accordance with the Indenture. 
  
 “Class B(2004-1) Noteholder” means a Person in whose name a
Class B(2004-1) Note is registered in the Note Register. 
  
 “Class B(2004-1) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class B(2004-1) Notes is paid in full, (b) the Legal Maturity Date and
(c) the date on which the Indenture is discharged and satisfied pursuant to Article VI thereof. 
  

 3 

 “Encumbered Required Subordinated Amount of Class C Notes” means, for the Class
B(2004-1) Notes, an amount equal to the product of (a) the aggregate Required Subordinated Amount of Class C Notes for all Class A Notes in the Card Series with a Required Subordinated Amount of Class B Notes greater than zero and (b) the percentage
equivalent of a fraction, the numerator of which is the Adjusted Outstanding Dollar Principal Amount of the Class B(2004-1) Notes and the denominator of which is the Adjusted Outstanding Dollar Principal Amount of all Class B Notes in the Card
Series. 
  
 “Encumbered Required Subordinated Amount of
Class D Notes” means, for the Class B(2004-1) Notes, an amount equal to the product of (a) the aggregate Required Subordinated Amount of Class D Notes for all Class A Notes in the Card Series with a Required Subordinated Amount of Class B
Notes greater than zero and (b) the percentage equivalent of a fraction, the numerator of which is the Adjusted Outstanding Dollar Principal Amount of the Class B(2004-1) Notes and the denominator of which is the Adjusted Outstanding Dollar
Principal Amount of all Class B Notes in the Card Series. 
  
 “Excess Spread Percentage” shall mean, with respect to any Distribution Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period. 
  
 “Expected Principal Payment Date” means January 15, 2009.

  
 “Initial Dollar Principal Amount” means
$250,000,000. 
  
 “Indenture” means the Indenture
dated as of October 9, 2002, by and between the Issuer and the Indenture Trustee, as amended and supplemented from time to time. 
  
 “Indenture Supplement” means the Card Series Indenture Supplement dated as of October 9, 2002, by and between the Issuer and the
Indenture Trustee, as amended and supplemented from time to time. 
  
 “Interest Payment Date” means the fifteenth day of each month commencing in February 2004, or if such fifteenth day is not a Business Day, the next succeeding Business Day. 
  
 “Interest Period” means, with respect to any Interest
Payment Date, the period from and including the previous Interest Payment Date (or in the case of the initial Interest Payment Date, from and including the Issuance Date) through the day preceding such Interest Payment Date. 
  
 “Issuance Date” means January 30, 2004. 
  
 “Legal Maturity Date” means November 15, 2011. 

 
 “LIBOR” means, for any Interest Period, the London
interbank offered rate for one-month United States dollar deposits determined by the Indenture Trustee on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04. 
  

 4 

 “LIBOR Determination Date” means January 28, 2004 for the period from and including the
Issuance Date to but excluding February 17, 2004 and the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
  

“London Business Day” means any Business Day on which dealings in deposits in United States Dollars are transacted in the London
interbank market. 
  
 “Note Interest Rate” means
a rate per annum equal to 0.44% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
  
 “Paying Agent” means The Bank of New York. 
  
 “Portfolio Yield” means, with respect to any Monthly Period, the annualized percentage equivalent of a
fraction: 
  
 (a) the numerator of which is equal to the sum of:

  
 (i) the aggregate amount of Finance Charge
Amounts allocated to the Card Series with respect to such Monthly Period; plus 
  
 (ii) the aggregate amount of Interest Funding sub-Account Earnings on all Tranches of Card Series Notes for such Monthly Period;
plus 
  
 (iii) any amounts to be treated
as Card Series Finance Charge Amounts pursuant to Sections 3.20(d) and 3.27(a) of the Indenture Supplement; minus 
  
 (iv) the excess, if any, of (1) the sum of the PFA Prefunding Earnings Shortfall plus the PFA Accumulation Earnings Shortfall over
(2) the sum of the aggregate amount to be treated as Card Series Finance Charge Amounts for such Monthly Period pursuant to Sections 3.04(a)(ii) and 3.25(a) of the Indenture Supplement plus any other amounts applied to cover
earnings shortfalls on amounts in the Principal Funding sub-Account for any tranche of Card Series Notes for such Monthly Period; minus 
  
 (v) the Card Series Default Amount for such Monthly Period; and 
  
 (b) the denominator of which is the numerator used in the calculation of the Card Series Floating Allocation Percentage for
such Monthly Period. 
  
 “Quarterly Excess Spread
Percentage” means, with respect to the December 2006 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the
immediately preceding three Monthly Periods and the denominator of which is three. 
  
 “Record Date” means, for any Distribution Date, the last Business Day of the preceding Monthly Period. 
  

 5 

 “Reference Banks” means four major banks in the London interbank market selected by the
Beneficiary. 
  
 “Required Accumulation Reserve
sub-Account Amount” means, with respect to any Monthly Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class B(2004-1) Notes as of the close of business on
the last day of the preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation
that a Ratings Effect will not occur with respect to such change. 
  
 “Required Subordinated Amount of Class C Notes” means, for the Class B(2004-1) Notes, an amount equal to the sum of (a) the Unencumbered Required Subordinated Amount of Class C Notes for such Class B(2004-1) Notes and (b)
the Encumbered Required Subordinated Amount of Class C Notes for such Class B(2004-1) Notes; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such
date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of Class C Notes for the
Class B(2004-1) Notes will not be less than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class B(2004-1) Notes, minus (ii) the Required Subordinated Amount of Class D Notes for the Class B(2004-1) Notes;
provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class B(2004-1) Adverse Event, the Required Subordinated Amount of Class C Notes for the Class B(2004-1)
Notes will be the greater of (x) the amount determined above for such date of determination, (y) the amount determined above for the date immediately prior to the date on which such Class B(2004-1) Adverse Event shall have occurred and (z) unless
(i) the Prefunding Target Amount for any Tranche of Card Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of
Card Series Notes, the amount determined pursuant to the preceding proviso. 
  
 “Required Subordinated Amount of Class D Notes” means, for the Class B(2004-1) Notes, an amount equal to the sum of (a) the Unencumbered Required Subordinated Amount of Class D Notes for such Class
B(2004-1) Notes and (b) the Encumbered Required Subordinated Amount of Class D Notes for such Class B(2004-1) Notes; provided, however, that for any date of determination, unless (i) the Prefunding Target Amount for any Tranche of Card
Series Notes on such date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the Required Subordinated Amount of
Class D Notes for the Class B(2004-1) Notes will not be less than an amount equal to 1.6439% of the Initial Dollar Principal Amount of the Class B(2003-1) Notes, provided further, however, that for any date of determination on
or after the occurrence and during the continuation of a Class B(2004-1) Adverse Event, the Required Subordinated Amount of Class D Notes for the Class B(2004-1) Notes will be the greatest of (x) the amount determined above for such date of
determination, (y) the amount determined above for the date immediately prior to the date on which such Class B(2004-1) Adverse Event shall have occurred and (z) unless (i) the Prefunding Target Amount for any Tranche of Card Series Notes on such
date of determination is greater than zero or (ii) any prefunded amounts are on deposit in a Principal Funding sub-Account on such date of determination for any Tranche of Card Series Notes, the amount determined pursuant to the preceding proviso.

  

 6 

 “Required Subordinated Percentage of Class C Notes” means, for the Class B(2004-1)
Notes, 7.9453%, subject to adjustment in accordance with Section 2.02. 
  
 “Required Subordinated Percentage of Class D Notes” means, for the Class B(2004-1) Notes, 1.6439%, subject to adjustment in accordance with Section 2.02. 
  
 “Stated Principal Amount” means $250,000,000. 
  
 “Telerate Page 3750” means the display page currently so
designated on the Moneyline Telerate Service (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices). 
  
 “Unencumbered Amount” means, for the Class B(2004-1) Notes, an amount equal to the product of (a) the
percentage equivalent of a fraction, the numerator of which is the Aggregate Class B Unencumbered Amount and the denominator of which is the Adjusted Outstanding Dollar Principal Amount of all Class B Notes in the Card Series and (b) the Adjusted
Outstanding Dollar Principal Amount of the Class B(2004-1) Notes. 
  
 “Unencumbered Required Subordinated Amount of Class C Notes” means, for the Class B(2004-1) Notes, an amount equal to the product of (a) the Unencumbered Amount for the Class B(2004-1) Notes and (b) the Required
Subordinated Percentage of Class C Notes for the Class B(2004-1) Notes. 
  
 “Unencumbered Required Subordinated Amount of Class D Notes” means, for the Class B(2004-1) Notes, an amount equal to the product of (a) the Unencumbered Amount for the Class B(2004-1) Notes and (b) the Required
Subordinated Percentage of Class D Notes for the Class B(2004-1) Notes. 
  
 Section 1.02. Governing Law. THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATION LAW, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
  
 Section 1.03. Counterparts. This Terms Document may be executed in any number of counterparts, each of which so executed will be deemed to be an
original, but all such counterparts will together constitute but one and the same instrument. 
  
 Section 1.04. Ratification of Indenture, the Asset Pool 1 Supplement and Indenture Supplement. As supplemented by this Terms Document, each of the Indenture, the Asset Pool 1 Supplement and the Indenture
Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool 1 Supplement as so supplemented by the Indenture Supplement as so supplemented and this Terms Document shall be read, taken and construed as
one and the same instrument. 
  
 [END OF ARTICLE I] 
  

 7 

 ARTICLE II 
  
 The Class B(2004-1) Notes 
  
 Section 2.01. Creation and Designation. There is hereby created a tranche of Card Series Class B Notes to be issued pursuant to the Indenture, the
Asset Pool 1 Supplement and the Indenture Supplement to be known as the “Card Series Class B(2004-1) Notes.” 
  
 Section 2.02. Adjustments to Required Subordinated Percentages. 
  
 (a) On any date, the Issuer may increase the Required Subordinated Percentage of Class C Notes or the Required Subordinated
Percentage of Class D Notes, in each case, for the Class B(2004-1) Notes without the consent of any Noteholders or the Note Rating Agencies. 
  
 (b) On any date, the Issuer may reduce the Required Subordinated Percentage of Class C Notes or the Required Subordinated Percentage of Class D Notes, in
each case for the Class B(2004-1) Notes, provided that the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes of the Card Series that the change in such percentage will not result in a
Ratings Effect with respect to any Outstanding Class B(2004-1) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion for each Master Trust and an Issuer Tax Opinion. 
  
 Section 2.03. Interest Payment. 
  
 (a) For each Interest Payment Date, the amount of interest due with respect
to the Class B(2004-1) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Note Interest
Rate in effect with respect to the related Interest Period, times (ii) the Outstanding Dollar Principal Amount of the Class B(2004-1) Notes determined as of the Record Date preceding the related Distribution Date. Any interest on the Class
B(2004-1) Notes will be calculated on the basis of the actual number of days in the related Interest Period and a 360-day year. 
  
 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Distribution Date, the Indenture Trustee shall deposit into the Class B(2004-1)
Interest Funding sub-Account the portion of Card Series Finance Charge Amounts allocable to the Class B(2004-1) Notes. 
  
 Section 2.04. Calculation Agent; Determination of LIBOR. 
  

(a) The Issuer hereby agrees that for so long as any Class B(2004-1) Notes are Outstanding, there shall at all times be an agent appointed to calculate
LIBOR for each Interest Period (the “Calculation Agent”). The Issuer hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation Agent may be
removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuer, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall promptly appoint a
replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuer or its Affiliates. The Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation Agent, without a
successor having been duly appointed. 
  

 8 

 (b) On each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the
rate for deposits in United States dollars for a one-month period which appears on Telerate Page 3750 as of 11:00 a.m., London time, on such date. If such rate does not appear on Telerate Page 3750, the rate for that LIBOR Determination Date shall
be determined on the basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The
Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of
the quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major banks in New York City, selected by the Beneficiary, at approximately
11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. 
  
 (c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture
Trustee at its corporate trust office at (212) 815-3247 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time.

  
 (d) On each LIBOR Determination Date, the Calculation Agent
shall send to the Indenture Trustee, the Issuer and the Beneficiary, by facsimile transmission, notification of LIBOR for the following Interest Period. 
  
 Section 2.05. Payments of Interest and Principal. 
  
 (a) Any installment of interest or principal, if any, payable on any Class B(2004-1) Note which is punctually paid or duly provided for by the Issuer and
the Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class B(2004-1) Note (or one or more Predecessor Notes) is registered on the Record Date, by
wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date
of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record
Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
  
 (b) The right of the Class B(2004-1) Noteholders to receive payments from the Issuer will terminate on the first Business
Day following the Class B(2004-1) Termination Date. 
  
 Section
2.06. Form of Delivery of Class B(2004-1) Notes; Depository; Denominations. 
  
 (a) The Class B(2004-1) Notes shall be delivered in the form of a global Registered Note as provided in Sections 202 and 301(i) of the Indenture, respectively. 
  

 9 

 (b) The Depository for the Class B(2004-1) Notes shall be The Depository Trust Company, and the Class
B(2004-1) Notes shall initially be registered in the name of Cede & Co., its nominee. 
  
 (c) The Class B(2004-1) Notes will be issued in minimum denominations of $5,000 and integral multiples of $1,000 in excess of that amount. 
  
 Section 2.07. Delivery and Payment for the Class B(2004-1) Notes. The Issuer shall execute and deliver the Class
B(2004-1) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class B(2004-1) Notes when authenticated, each in accordance with Section 303 of the Indenture. 
  
 Section 2.08. Targeted Deposits to the Accumulation Reserve Account.

  
 The deposit targeted to be made to the Accumulation Reserve
Account for any Monthly Period during the Accumulation Reserve Funding Period will be an amount equal to the Required Accumulation Reserve sub-Account Amount. 
  

Section 2.09. [Reserved]. 
  
 [END OF ARTICLE II] 
  

 10 

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

			
	CAPITAL ONE MULTI-ASSET EXECUTION TRUST, by DEUTSCHE BANK TRUST COMPANY DELAWARE, not in its individual capacity, but solely as Owner Trustee on behalf of the Trust
		
	By:	 	             /s/ Michele Voon

	 	 	

	 	 	 Name: Michele Voon
 Title:   Attorney-in-Fact

	
	THE BANK OF NEW YORK, as Indenture Trustee and not in its individual capacity
		
	By:	 	             /s/ Scott Tepper

	 	 	

	 	 	 Name: Scott Tepper
 Title:   Assistant Vice President

  

 [Signature Page to the Class B(2004-1) Terms Document]Portfolio Purchase Agreement

 Exhibit 10.43 
  
 PORTFOLIO PURCHASE AGREEMENT 
  

This Portfolio Purchase Agreement (the “Purchase Agreement”) is entered into as of January 29, 2004 (the “Effective
Date”) by and between Triad Systems Financial Corporation, a California corporation (“Triad” or “Seller”); GreatAmerica Leasing Corporation, an Iowa corporation (“GALC”); and Activant
Solutions Inc., a Delaware corporation formerly known as Cooperative Computing, Inc. (“Activant”). 
  
 Background 
  
 A.
Triad is the lessor under certain equipment lease agreements with third party lessees for business management and point of sale systems assembled and distributed by Activant, some of which lease agreements constitute installment sales contracts
and others of which constitute true leases. 
  
 B. GALC desires to purchase from
Triad and Triad desires to sell to GALC, on the terms and conditions of this Purchase Agreement, all of the lessor’s right, title and interest in and to certain of such lease agreements and certain equipment, all on the terms set forth herein.

  
 NOW THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 
  
 1. PURCHASE AND SALE OF LEASE PAYMENTS AND RELATED ASSETS. 
  
 a. Triad hereby sells, transfers and assigns to GALC, effective at 12:01 A.M. on January 30, 2004 (the “Closing Date”), the following
assets (collectively, including the proceeds from any of the following, the “Purchased Assets”): 
  
 1). The lessor’s interest as “Lessor” as provided under the lease agreements and contracts identified and described in the
“Schedule of Leases” attached hereto as Exhibit 1, together with all guaranties (if included as part of the lease agreement or contract), schedules, certificates, exhibits, riders, modifications, and amendments thereto (each a
“Lease,” collectively, the “Leases”), including all rights and claims arising under or related thereto and all payments of any kind whatsoever which are due and payable under the Leases or any other Lease Documents
(as defined below) as of 12:01 A.M. on the Effective Date, or which become due and payable thereafter, regardless to whom, if anyone, they are paid (hereafter, collectively the “Payments”); and 
  
 2). The equipment described in the Leases (subject to the right of each
lessee under a Lease (the “Lessee”) to use and enjoy the equipment during the term of the Lease and, where applicable, the right to purchase the equipment at the end of the lease term for the purchase option, if any, as stated in
the Lease), including any replacement or substitution for the equipment, and any accessions, attachments, improvements, modifications, upgrades or other changes made to the equipment (or any substitution or replacement thereof) which reverts to or
is owned by the lessor under the applicable Lease Agreement (collectively, the “Equipment”); and 
  
 3). All other instruments, documents and agreements related to the Equipment, the Leases or the transactions contemplated therein, including but not
limited to, all invoices for the Equipment, delivery and acceptance certificates from the Lessee, guaranties (if a separate agreement), financing statements, security agreements, promissory notes and insurance certificates, and any modifications,
amendments or riders thereto (collectively, the “Supplemental Documents”); and 
  
 4) The entire hard copy of the lessor’s file for each Lease, including the Lease, the Supplemental Documents, the credit reports, credit comments,
default notices, material correspondence and any other additional books and records reasonably related to each Lease and an electronic copy of the billing and payment history for each Lease (collectively for each Lease, the “File”
and for all Leases, the “Files”). The 

  

 1 

 
foregoing does not include collectors’ notes maintained in Activant’s ERP system. However, Activant and Seller agree that notes on individual
customers will be provided to GALC if they are requested for purposes of researching/resolving collection issues or lessee disputes and that they will be provided within one business day following the request. 
  
 b. The “Purchase Price” for the Purchased Assets shall be
determined with reference to the amount at which the Purchased Assets were initially “priced” by GreatAmerica, $1,908,198.75 (the “Unadjusted Purchase Price”). The Unadjusted Purchase Price reflects amounts due or to become due
on the Leases as of January 1, 2004 and shall be adjusted downward by an amount equal to all payments received under the Leases by the Seller between January 1, 2004 and the Closing Date. The Purchase Price will be paid to Triad by 3:30 P.M. CDT on
the “Closing Date” in cash by wire transfer. All payments by a lessee under the Leases which are received by any party hereto on or after the Closing Date shall be the property of GALC, unless provided otherwise in Exhibit 1. 

 
 2. SECURITY INTERESTS. 
  
 a. To the extent that any portion of this transaction is subject to Article
9 of the Uniform Commercial Code as a sale of chattel paper, Triad grants GALC a continuing, valid and enforceable first priority security interest in, and lien on Triad’s interest in the Leases, the Supplemental Documents, the Equipment and
the proceeds thereof including, without limitation, insurance proceeds. 
  
 b. As security for the payment and performance of the obligations of the Lessees under the Leases in the event it is determined that any Leases are secured loans rather than true leases, Triad hereby assigns to GALC a continuing, valid and
enforceable first priority security interest in and lien on each Lessee’s interest in the Equipment and the proceeds thereof including, without limitation, insurance proceeds; provided that GALC acknowledges that no financing statements were
filed with respect to Leases where the original equipment cost of the leased Equipment was less than $35,000. 
  
 c. Triad hereby agrees to execute and deliver to GALC for filing in such locations as GALC shall reasonably determine, UCC financing statements evidencing
the security interests granted or assigned herein. Triad further agrees that it will hold GALC harmless from any loss and any costs GALC may incur (including reasonable attorney fees) in the case that any bank or other financial institution, or any
other third party, asserts an interest in the transferred assets which interest was obtained through Triad. 
  
 3. COVENANTS. 
  
 a. Triad
shall deliver the following to GALC at the time and in the manner indicated: the original or signed fax copy of each Lease on the Closing Date; a downloaded, up-to-date electronic copy of the data files maintained by Triad in “Info-Lease”
for the Leases on the Effective Date, as well as any other electronic files maintained by Triad related to the servicing of the Leases (excluding collector’s notes as described in 1.a.4 above), including outstanding property taxes; and the
Files within five (5) days after the Effective Date; provided that the Files do not need to include any hard copies of data that is otherwise provided as part of the electronic download. The Leases and the Supplemental Documents are collectively
referred to as the “Lease Documents.” It is agreed that the cost, if any, of external consultants who may be required to assist in the download process shall be split evenly between GALC and Seller. Triad agrees that it will deliver
the data required to transition the ACH account draws for those leases set up on the bank debit program and will, to the best of its ability, assist GALC in making the transition. 
  
 b. Triad and GALC understand that despite the new address on the invoices to be sent to the Lessees, Triad is likely to
continue to receive Payments for some time after the Effective Date. Neither Triad nor its affiliates shall have any right or authority in the Payments. In the event Triad or its affiliates receives any Payment after the Closing Date, they will be
deemed to have received it in trust for GALC (with Triad’s only fiduciary obligation being to remit such payments to GALC within 5 business days) and, to the extent reasonably feasible, will immediately forward such Payment to GALC in the same
form as received. In the event that any Payment is deposited into Triad’s account, Triad shall cause this amount to be deposited into an account designated by GALC within five (5) business days of Triad’ receipt of the Payment. On each
Monday through 

  

 2 

 
March 29, 2004, Triad shall provide to GALC accountings of all Payments received by Triad or its affiliates after the Closing Date through the date the
accounting is provided, including the amount of each Payment and the Lease (by reference to Triad’ lease contract number) to which it relates. Thereafter, Triad shall provide to GALC an accounting as reasonably necessary given the amount and
frequency of any Payments received, but no less often than the 10th day of each month following a month in which a Payment was received. GALC shall, on the same terms and in the same manner, account for and pay over to Triad any amounts due to Triad
and received by GALC, if any. 
  
 c. Triad represents that to the
best of its knowledge, the sale and transfer of the Purchased Assets provided for herein is not subject to any federal, state, county or local taxes or assessments, including but not limited to any documentary, stamp, sales, excise, or similar taxes
and fees (excluding taxes on net income) (collectively, hereafter, “Transaction Taxes”). Subject to the terms of this subparagraph “c”, Triad shall be responsible for any taxes which are applicable to or accrue or arise on
or prior to the Closing Date from the sale, use, leasing or ownership of the Purchased Assets (excluding taxes on net income) (collectively, hereafter, “Taxes”). If as of the Effective Date there are unpaid Taxes that have been
billed to the lessee under the Leases, GALC shall make a good faith effort to collect such billings and to remit collections, either in payment of the Taxes or to Triad if Triad has paid such Taxes. For purposes of this paragraph, “good faith
efforts” shall not require GALC to file suit against the lessee. As compensation for GALC’s efforts to collect billed and unpaid property taxes which apply to the Purchased Assets, GALC shall retain thirty percent (30%) of all such
collections. Attached hereto as Exhibit 7 is a schedule of the billed and unpaid property taxes applicable to all the Purchased Assets. 
  
 If any Taxes accrue or arise after the Closing Date but which are applicable to a period on or before the Closing Date, GALC shall pay such Taxes by the
due date thereof and shall make a good faith effort to bill for and collect such Taxes to the extent permitted under the Leases. GALC shall either retain such collections to the extent it paid such Taxes or remit such collections in payment of the
Taxes. Triad shall reimburse GALC for any such Taxes paid or incurred by GALC to the extent GALC has not collected payment for same under the Leases after having made a good faith effort to do so. Triad shall make such payment within ten (10) days
of GALC providing to Triad reasonable evidence of GALC’s payment or incurrence of such amounts. GALC will not pay any Taxes after the Effective Date arising from a period prior to the Effective Date for which it is seeking reimbursement from
Triad without also providing such ten (10) day advance notice to Triad, except that such notice is not required with respect to the payment of property taxes in the ordinary course. 
  
 d. GALC shall be responsible for any Taxes which accrue or arise from the sale, use, leasing or ownership of the Purchased
Assets after the Effective Date. GALC shall reimburse Triad for any such Taxes and any related late charges, penalties or attorneys fees paid or incurred by Triad within ten (10) days of Triad providing to GALC reasonable evidence of Triad’
payment of such taxes or assessments; provided that Triad will not pay any Taxes after the Effective Date arising from a period prior to the Effective Date without GALC’s prior written consent. 
  
 e. For each Lease, Triad agrees that from and after the Effective Date, Triad
shall forward to GALC copies of all correspondence relating to the Lease or the Equipment which Triad receives from the Lessee or any other party, and shall direct to GALC all communications from the Lessee or any other party, which are relevant to
the Equipment or the Lease. Triad shall also execute and deliver all such further instruments and documents and take such actions as may reasonably be requested by GALC in order to fully carry out the intent and accomplish the purposes of this
Purchase Agreement and the transactions contemplated hereby. 
  
 f. Subject to the requirement in subparagraph “g” below, Triad hereby irrevocably appoints GALC its attorney-in-fact to act in its name and stead in regard to each such Lease, including without limitation the right to endorse or
sign Triad’s name on all checks, collections, receipts, UCC financing statements, notices of past due amounts, a written notice to any Lessee that such Lease and the Equipment have been assigned and sold to GALC, and any other documents
regarding the Lease. Triad shall provide GALC with an electronic copy of Triad’s letterhead for the purpose of sending a notice to Lessees of the transfer of the Leases to GALC with GALC authorized to sign same as attorney in fact for Triad,
such notice to be in the form attached hereto as Exhibit 3 (Exhibit 6 for leases on the direct debit program). 
  

 3 

	 	g.	GALC shall administer the Leases in GALC’s name. 

  

	 	h.	Triad shall, in the event of casualty loss to any item of the Equipment during the term of a Lease, replace the Equipment at Triad’s cost with reasonably equivalent used
replacement equipment and shall indemnify GALC for any insurance claims made by lessee. 

  

	 	i.	Triad shall not in any manner acquiesce in or cause any modification, amendment, or alteration of any Lease to occur after the Closing Date. 

  
 4. SELLER’S REPRESENTATION AND WARRANTIES. 
  
 Triad hereby represents and warrants to GALC as of the Effective Date and the Closing Date
that: 
  
 a. Triad has the power and authority to enter into,
execute, deliver and perform this Purchase Agreement and all other agreements, documents, certificates and financing statements to be executed and delivered by Triad in connection with the transactions referred to herein (all of the above are
hereinafter referred to collectively as the “Transaction Documents”). 
  
 b. Neither the execution and delivery by Triad of the Transaction Documents executed or to be executed and delivered by Triad, nor the performance by Triad of its obligations thereunder will (i) violate, conflict
with, constitute a breach of, or result in any default under or require any consent or approval under (a) any law or any order, writ, injunction, decree, rule or regulation of any court, administrative agency or any other governmental authority
applicable to Triad, or (b) any indenture or agreement to which Triad is a party or by which Triad or its property is bound, or (ii) result in the creation of any lien, charge or encumbrance upon the Purchased Assets pursuant to the terms of any
agreement, indenture, mortgage, deed or trust, security agreement, guarantee or other instrument to which Triad is party or by which Triad or any of its property is bound. 
  
 c. There is no action, suit, proceeding, or investigation pending or threatened against Triad or the Purchased Assets before
or by any court, administrative agency or other governmental authority which brings into question the validity of the Transaction Documents, or Triad’ title to the Purchased Assets, or which might impair the execution, delivery or performance
by Triad or its obligations under the Transaction Documents. 
  
 d. The Transaction Documents constitute, or when executed and delivered by Triad shall constitute, the valid and binding obligations of Triad enforceable against it in accordance with their respective terms. 
  
 f. With respect to each Lease: (1) the Lessee has no interest in the
Equipment subject to the Lease except the right to use and enjoy it during the term of the Lease and the right to purchase the Equipment at the end of the Lease term for the purchase option, if any, as stated on the Lease; (2) the Equipment is in
good working order and condition; (3) each Lease delivered by Triad or a third party in accordance with clause “3.a.i.B” hereof to GALC is the sole original lease for such transaction; (4) the Equipment has been delivered to and
unconditionally accepted by the Lessees and fully corresponds to the description contained in the Leases; and (5) to the best of Triad’s knowledge and belief, the Lessees are using the Equipment for commercial purposes. 
  
 g. The Lease Documents: (1) are genuine and, to the best of Triad’s
knowledge and belief, conform in every respect with all applicable laws and regulations including, but not limited to, applicable usury laws, and represent valid enforceable payment obligations of the obligors for the amounts evidenced therein; (2)
are valid and binding obligations of the Lessees (or other party thereto) enforceable in accordance with their terms; (3) are legally enforceable by GALC in the state where the Equipment is located and, to the best of Triad’s knowledge and
belief, will remain enforceable by GALC as assignee upon completion of the sale; (4) are the complete lease agreements with respect to the Equipment subject thereto and are in full force and effect and no material default has occurred and remains
uncured thereunder (unless otherwise indicated on Exhibit 1); and (5) are not subject to any right of set-off, counterclaims or defenses; 
  

 4 

 h. Triad has full right, title and interest in and to the Purchased Assets (other than the application of
payments and disposition of Leases in the ordinary course of business) and is assigning this right, title and interest in the Purchased Assets to GALC free and clear of any and all liens or encumbrances of any kind. 
  
 i. Each Lease is in substantially the form of Exhibit 2 attached
hereto and Triad has not modified or amended the Lease Documents in any manner (except as included in the File for the Lease delivered to GALC and provided that no such amendment in the File alters the non-cancelable, “hell or high water”
nature of the Scheduled Payments or changes any information in Exhibit 1 except to the extent that such changes are already incorporated into and reflected in Exhibit 1); 
  
 j. Triad has complied with all obligations and covenants, liabilities, warranties and duties, if any, on the part of Triad
to be complied with and performed in connection with the Purchased Assets. 
  
 k. All Taxes due and owing with respect to the Equipment or the other Purchased Assets which accrue or relate to the sale, use, leasing or ownership of the Equipment or other Purchased Assets on or prior to the
Effective Date have been paid or shall be paid by or for Lessee prior to the Effective Date; except as provided on Exhibit 4 attached hereto. 
  
 l. Any Lease where Triad has entered into an amendment or other agreement pursuant to which the due date of any scheduled payment owed under the Lease is
extended by 30 days or more is listed on Exhibit 5. 
  
 m.
Neither Triad nor its financing sources has modified, accepted or acquiesced in any amendment or change to any Lease that would delay or defer any scheduled payment shown on the Cash Flow Schedule included in Exhibit 1, or which would cause any
other information in Exhibit 1 to be inaccurate, or which would make any Lease or payment thereunder cancelable, or that impairs the “hell or high water” obligations of the Lessee under each Lease. The information in the attached Exhibits,
the information contained in the electronic data feeds provided by Triad and, to the best of Triad’s knowledge and belief, all other information that has been provided by Triad to GALC concerning the Purchased Assets, is accurate in all
material respects and Triad acknowledges that GALC has been induced to enter into this Purchase Agreement and to buy the Purchased Assets in reliance thereon. Any inaccuracy in the Exhibits or in the information contained in the electronic data
feeds from Triad shall be considered material. 
  
 5. GALC REPRESENTATIONS AND
WARRANTIES 
  
 GALC hereby represents and warrants to Triad as of the
Effective Date: 
  
 a. GALC has the power and authority to enter
into, execute, deliver and perform the Transaction Documents, including but not limited to any obligations thereunder. 
  
 b. Neither the execution and delivery by GALC of the Transaction Documents executed or to be executed and delivered by GALC, nor the performance by GALC
of its obligations thereunder will violate, conflict with, constitute a breach of, or result in any default under or require any consent or approval under (a) any law or any order, writ, injunction, decree, rule or regulation of any court,
administrative agency or any other governmental authority applicable to GALC, or (b) any indenture or agreement to which GALC is a party or by which GALC or its property is bound. 
  
 c. There is no action, suit, proceeding, or investigation pending or threatened against GALC before or by any court,
administrative agency or other governmental authority which brings into question the validity of the Transaction Documents or which might impair the execution, delivery or performance by GALC of its obligations under the Transaction Documents.

  

 5 

	 	d.	The Transaction Documents constitute, or when executed and delivered by GALC shall constitute, the valid and binding obligations of GALC enforceable against it in accordance with
their respective terms. 

  

	 	e.	While acting as Triad’s attorney-in-fact pursuant to its appointment hereunder, GALC will not violate the Fair Debt Collection Practice Act, the Fair Credit Reporting Act, or
any other statute or law applied to the collection of debts or the reporting of credit history. 

  

	 	f.	While acting as Triad’s attorney-in-fact pursuant to its appointment hereunder, GALC will properly record all payments made in relation to the leases sold hereunder.

  
 6. INDEMNIFICATION AND SET-OFF. 
  
 a. Triad shall indemnify, protect, defend and hold GALC harmless from and
against any and all loss, liability, damage, cost or expense (including, without limitation, court costs and reasonable attorneys’ fees) wheresoever and howsoever arising which GALC, or any of its directors, officers, agents, employees, or
stockholders may incur as a result of: (1) any event or occurrence arising under or related to any Lease on or prior to the Effective Date related to Triad or its financing source’s administration of such Lease; or (2) any breach by Triad of
any of its representations, warranties, covenants or obligations set forth in this Purchase Agreement or the other Transaction Documents. Triad shall further indemnify GALC for any and all defense costs (including, without limitation, court costs
and reasonable attorneys’ fees) incurred by GALC in successfully defending any indemnification claim asserted by Triad after the Effective Date against GALC. Notwithstanding the forgoing, Triad’s obligation under this paragraph
“a”, EXCEPT with respect to any losses, liabilities, damages, costs or expenses incurred by GALC which reflect an inaccuracy in the Exhibits attached hereto or the enforceability of the Leases (including the “hell or high water”
provisions thereof), shall be limited to losses, liabilities, damages, costs and expenses as exceed, when taken together with such losses, etc., as are incurred by GALC under any like Purchase Agreement entered into between GALC and Triad subsequent
to this Purchase Agreement prior to March or April of 2004, an aggregate amount of $5,000.00 and as are incurred within two years after the Effective Date. With respect to any losses, liabilities, damages, costs or expenses incurred by GALC which
reflect an inaccuracy in the Exhibits or the enforceability of the Leases (including the “hell or high water” provisions thereof), the liability exposure of Triad applicable in this case will be the purchase price of the effected Leases
less any moneys received by GALC plus costs and expenses incurred by GALC (including reasonable attorney fees), and the time limit for making such indemnification claim(s) shall be the later of two years after the Effective Date or one year after
the applicable end of term date for each Lease. 
  
 b. GALC shall
indemnify, protect, defend and hold Triad harmless from and against any and all loss, liability, damage, cost or expense (including, without limitation, court costs and reasonable attorneys’ fees) wheresoever and howsoever arising which Triad,
or any of its directors, officers, agents, employees, or stockholders may incur as a result of: (1) any event or occurrence arising under or related to any Lease after the Effective Date related to GALC’s administration of such Lease; (2) any
breach by GALC of any of its representations, warranties, covenants or obligations set forth in this Purchase Agreement or the other Transaction Documents; or (3) any failure by GALC to properly collect, account for, and remit sales or property tax
with respect to the Leases. GALC shall further indemnify Triad for any and all defense costs (including, without limitation, court costs and reasonable attorneys’ fees) incurred by Triad in successfully defending any indemnification claim
asserted by GALC after the Effective Date against Triad with respect to the Leases. 
  
 c. In the event any claim for indemnification under paragraphs “a” or “b” immediately above arises on account of any claim or action made or instituted against an indemnified party, the indemnified
party shall notify the indemnifying party promptly after receipt of notice that such a claim or action is being made or was instituted; provided that the failure to give such notice shall not affect a party’s right to indemnification unless
such failure materially prejudices the rights of the party from whom indemnification is sought. The indemnifying party shall have the right to assume the defense thereof with counsel reasonably acceptable to the indemnified party. 
  

 6 

 7. GENERAL TERMS 
  
 a. Any notice under this Purchase Agreement must be in writing and will be deemed to be duly given and effective upon receipt when sent by facsimile or
overnight express carrier to the facsimile number or address set forth below such party’s signature block. This Purchase Agreement sets forth the entire understanding between GALC and Triad regarding GALC’s acquisition of the Purchased
Assets and supersedes any prior discussions, understandings, representations or agreements. This Purchase Agreement may only be amended in a writing signed by an authorized representative from GALC and Triad. This Purchase Agreement may be executed
by facsimile signature and will be treated as an original for all purposes. This Purchase Agreement may be executed in one or more counterparts, each of which shall constitute an original. A party’s failure to require full and timely
performance of its rights in one instance shall not constitute a waiver of those rights or prevent that party from insisting on full and timely performance in the future. Any provision of this Purchase Agreement which is of a nature that continues
after termination of this Purchase Agreement shall in fact survive termination, including but not limited to: Payment of outstanding amounts owed; Indemnification and assurance of performance; Governing Law and Choice of Forum. 
  
 b. Any claim arising under or related to this Purchase Agreement will be
governed by Iowa law, without regard to its conflicts of law principles, and will be adjudicated in a federal or state court located in Linn County, Iowa. Each party hereby consents to personal jurisdiction and venue in such court and waives any
right to transfer venue. Each party also waives any right to a jury trial. 
  
 c. Triad, upon reasonable notice and at its own cost and expense, shall have the right to review and copy the Leases, Supplemental Documents, and Files for reasonable purposes. 
  
 8. Indemnification and Assurance of Performance by Parent. Activant, Triad’s
corporate parent, agrees to indemnify GALC for, and hold GALC harmless from, any loss, damage, or cost (including reasonable attorney fees) incurred by GALC as a result of any breach of this Agreement by Triad, including any breach of Triad’s
representations and warranties herein, and Activant hereby assures GALC of Triad’s performance of this Agreement in accordance with the terms hereof. 
  

IN WITNESS WHEREOF, the parties have executed this Purchase Agreement as of the date first above written. 
  
 TRIAD SYSTEMS FINANCIAL CORPORATION 
  

			
	 By:
	 	  

			
	 Printed Name & Title
	 	  

	 Address:
	 	 
	 Fax:
	 	 

  
 ACTIVANT SOLUTIONS INC.

  

			
	By:	 	  

			
	 Printed Name & Title
	 	  

	 Address:
	 	 
	 Fax:
	 	 

  
 GREATAMERICA LEASING CORPORATION

  

			
	 By:
	 	  

  

 7 

 Printed Name and
Title:                     
  
 625 1st Street S.E. 
 Cedar Rapids, Iowa 52401 
  

 8 

 EXHIBIT 1 
  

SCHEDULE OF LEASES 
  
 [attached hereto] 
  
 Fields included in the attached Schedule of Leases: 
  

	1)	Contract Number from Triad’s System 

	2)	Lessee Name 

	3)	State where Lessee is Located 

	4)	Lease Beginning Date 

	5)	Lease Termination date 

	6)	Final Pay Date 

	7)	Amount of Scheduled Payment 

	8)	Original Amount Financed 

	9)	Present Value on Buy Date/Purchase Price 

	10)	Remaining Number of Scheduled Payments 

	11)	Current Contract Balance Remaining for Scheduled Payments 

	12)	Last Payment Date 

	13)	Next Payment Date 

	14)	Security Deposit 

	15)	State in which Equipment Located 

	16)	Intentionally Left Blank 

	17)	Equipment Type 

	18)	Residual Amount and if a “Put” 

	19)	Current Delinquency Status 

	20)	Past Delinquency Status: 

	 	a)	Number of Times 31+ Past Due 

	 	b)	Number of Times 61+ Past Due 

	 	c)	Number of Times 91+ Past Due 

	21)	Cash flow of the remaining scheduled payments owed under each Lease and the residual, if any, that Triad owns with respect to such Lease. 

	22)	Location of Original Lease as of Effective Date 

  

 9 

 EXHIBIT 2 
  

FORM OF LEASE 
 [Attached hereto] 

 

 10 

 EXHIBIT 3 
  

(Notice to Lessees – Par. 3.f) 
  
 TRIAD SYSTEMS FINANCIAL CORPORATION 
  
                     
    , 2003 
  
 NAME AND 
 ADDRESS OF 
 LESSEE 
  
 Re: Notice of Sale of Triad Systems Lease Agreement
#             
  
 Dear
                            : 
  
 It has been a pleasure for Triad Systems Financial Corporation to provide you with leasing services with respect to the above referenced
equipment lease (your “Lease”). We wish to take this opportunity to advise you that we have sold your Lease to another leasing company. Effective immediately, your Lease has been transferred to GreatAmerica Leasing Corporation
(“GreatAmerica”). GreatAmerica is eager to provide you with the same quality leasing services you have experienced with us. 
  
 Beginning with your next monthly rental payment, please remit all payments due and any notices you may be required to give the lessor under your Lease, or any other
communication you may deem necessary to: 
  
 GreatAmerica Leasing
Corporation 
 8742 Innovation Way 
 Chicago, IL 60682-0087 
  
 In addition, all future correspondence
regarding your Lease will refer to GreatAmerica lease agreement No.                     . 
  
 Please also notify your insurance company to change the liability and personal property
policies regarding the leased equipment where to delete Triad Systems Financial Corporation and add GreatAmerica Leasing Corporation as first “loss payee” and “additional insured.” 
  
 If you have any questions regarding this matter, please do not hesitate to call GreatAmerica
at (319) 365-8000. 
  
 Very truly yours, 
  
 Triad Systems Financial Corporation 
  

 11 

 EXHIBIT 4 
  

Schedule of Unpaid Taxes (par. 4.k) 
  
 Sales and Use Taxes collections for the period January 1 through the Effective Date will be reported and remitted to the appropriate jurisdiction as of the next
applicable return date. Triad will pay any Property Taxes which have attached through the Effective Date for which we have not yet been billed by the appropriate jurisdiction (e.g. property with a January 1, 2004 rendering date). 
  

 12 

 EXHIBIT 5 
  

SCHEDULE OF LEASES WITH RESPECT TO WHICH PAYMENTS EXTENDED (par. 4.l) 
  
 [NONE] 
  

 13 

 EXHIBIT 6 
 (Notice to Lessees – Par. 3.f) 
  
 TRIAD SYSTEMS FINANCIAL CORPORATION 
  
                          , 2004 
  
 NAME AND 
 ADDRESS OF 
 LESSEE 
  
 Re: Notice of Sale of Triad Systems Lease Agreement #             
  
 Dear
                            : 
  
 It has been a pleasure for Triad Systems Financial Corporation to provide you with leasing services with respect to the above referenced
equipment lease (your “Lease”). We wish to take this opportunity to advise you that we have sold your Lease to another leasing company. Effective immediately, your Lease has been transferred to GreatAmerica Leasing Corporation
(“GreatAmerica”). GreatAmerica is eager to provide you with the same quality leasing services you have experienced with us. 
  
 Beginning with your next monthly rental payment, your account debit will be drawn by GreatAmerica instead of Triad Systems Financial Corporation. 
  
 In addition, please send any notices you may be required to give the lessor under your Lease,
or any other communication you may deem necessary to: 
  
 GreatAmerica Leasing Corporation 
 8742 Innovation Way 
 Chicago, IL 60682-0087 
  
 In addition, all
future correspondence regarding your Lease will refer to GreatAmerica lease agreement No.                     . 
  
 Please also notify your insurance company to change the liability and personal property
policies regarding the leased equipment where to delete Triad Systems Financial Corporation and add GreatAmerica Leasing Corporation as first “loss payee” and “additional insured.” 
  
 If you have any questions regarding this matter, please do not hesitate to call GreatAmerica
at (319) 365-8000. 
  
 Very truly yours, 
  
 Triad Systems Financial Corporation 
  

 14 

 EXHIBIT 7 
  

Schedule of Billed and Unpaid Property Taxes 
 [Attached hereto] 
  

 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00060-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00060-of-00352.parquet"}]]