Document:

Exhibit 4.2

 Exhibit 4.2 

EXECUTION COPY 
 CHASE ISSUANCE
TRUST, 
 Issuing Entity 
 and

 WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Indenture Trustee and Collateral Agent 

AMENDMENT NO. 2 to the 
 SECOND
AMENDED AND RESTATED 
 ASSET POOL ONE SUPPLEMENT 

dated as of June 11, 2014 

to 
 THIRD AMENDED AND RESTATED

 INDENTURE 
 dated as of
December 19, 2007 

 This AMENDMENT NO. 2 TO THE SECOND AMENDED AND RESTATED ASSET POOL ONE SUPPLEMENT (this
“Amendment No. 2”) between, CHASE ISSUANCE TRUST, a statutory business trust created under the laws of the State of Delaware (the “Issuing Entity”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking
association (“Wells Fargo”), in its capacity as Indenture Trustee (the “Indenture Trustee”) and Collateral Agent (the “Collateral Agent”), is made and entered into as of June 11, 2014. 

RECITALS 
 WHEREAS, the parties
hereto have heretofore executed and delivered an Asset Pool One Supplement, dated as of May 1, 2002 (as amended, supplemented or otherwise modified, the “Original Asset Pool One Supplement”); 

WHEREAS, the parties hereto have heretofore executed and delivered an Amended and Restated Asset Pool One Supplement, dated as of
October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005, the Second Amendment thereto, dated as of February 1, 2006 and the Third Amendment thereto, dated as of September 27, 2007 (as amended,
supplemented or otherwise modified, the “Amended and Restated Asset Pool One Supplement”); 
 WHEREAS, the parties hereto
have heretofore executed and delivered a Second Amended and Restated Asset Pool One Supplement, dated as of December 19, 2007, as amended by the Amendment thereto, dated as of December 20, 2013 (as amended, supplemented or otherwise
modified, the “Second Amended and Restated Asset Pool One Supplement”); 
 WHEREAS, the parties hereto desire to amend the
Second Amended and Restated Asset Pool One Supplement as set forth below; 
 WHEREAS, Section 9.01 of the Third Amended and
Restated Indenture, dated as of December 19, 2007, as amended by the Amendment thereto, dated as of July 9, 2013, and Amendment No. 2 thereto, dated as of December 20, 2013 (as amended, supplemented or otherwise modified, the
“Third Amended and Restated Indenture”), by and between the Issuing Entity and Wells Fargo in its capacity as Indenture Trustee, provides that any Asset Pool Supplement may be amended upon delivery of an Issuing Entity Tax Opinion
for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, any Asset Pool Supplement; provided, that (i) the Issuing Entity shall deliver to the Indenture Trustee, the Collateral Agent
and the Owner Trustee an Officer’s Certificate to the effect that the Issuing Entity reasonably believes that such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future and
that such amendment does not adversely affect the rights, duties, benefits, protections, privileges or immunities of the Indenture Trustee or the applicable 

  
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Collateral Agent and (ii) each Note Rating Agency confirms in writing that such amendment will not cause a Ratings Effect; 

WHEREAS, (i) an Issuing Entity Tax Opinion has been delivered, (ii) the Issuing Entity has delivered to the Indenture Trustee, the
Collateral Agent and the Owner Trustee an Officer’s Certificate to the effect that the Issuing Entity reasonably believes that this Amendment No. 2 will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at
any time in the future and that this Amendment No. 2 does not adversely affect the rights, duties, benefits, protections, privileges or immunities of the Indenture Trustee or the applicable Collateral Agent and (iii) each Note Rating
Agency has confirmed in writing that such amendment will not cause a Ratings Effect; and 
 WHEREAS, based on the foregoing, all conditions
precedent to the execution of this Amendment No. 2 have been complied with; 
 NOW, THEREFORE, the parties hereto hereby are executing
and delivering this Amendment No. 2 in order to amend the Second Amended and Restated Asset Pool One Supplement in the manner set forth below. 

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 Capitalized terms used but not defined herein shall have the meanings assigned to them in the
Second Amended and Restated Asset Pool One Supplement, or if not defined in the Second Amended and Restated Asset Pool One Supplement, then the meanings assigned to them in the Third Amended and Restated Indenture. 

1. Amendment to Section 3.1. Section 3.1 of the Second Amended and Restated Asset Pool One Supplement shall be amended
by deleting the existing Section 3.1 in its entirety and replacing it with the following: 
 “Section 3.1 Collections
and Allocations. 
 (a) The Servicer pursuant to the terms of the Transfer and Servicing Agreement (or, if the authority
of the Servicer has been revoked pursuant to Section 10.01 of the Transfer and Servicing Agreement, the Indenture Trustee, or, if a Successor Servicer has been appointed, the Successor Servicer) shall instruct the Collateral Agent to apply all
funds on deposit in the Collection Account as described in this Article III and in any Indenture Supplement for any Series. Except as otherwise provided in subsections 3.1(b) and 3.1(c) below, the Servicer pursuant to the terms of Transfer and
Servicing Agreement shall deposit Collections with respect to the Asset Pool One Receivables into the Collection Account for Asset Pool One as promptly as possible after the Date of Processing of such Collections, but in no event later than the
second Business Day following the Date of Processing and shall deposit Collections received with respect to the Asset Pool One Collateral Certificates with respect to any Monthly Period into the Collection Account for Asset Pool One no later than
the First Note Transfer Date in the next succeeding Monthly Period. 
 (b) Subject to the express terms of any Indenture
Supplement, but notwithstanding anything else in this Asset Pool One Supplement, the Indenture or the Transfer and Servicing Agreement to the contrary, for as long as Chase USA remains the Servicer under the Transfer and Servicing Agreement and
(i) no Servicer Rating Event shall have occurred and be continuing or (ii) Chase USA obtains a guarantee or letter of credit covering risk of collection with respect to its deposit and payment obligations under the Transfer and Servicing
Agreement (in form and substance satisfactory to each Note Rating Agency) from a guarantor having a short-term credit rating of at least “A-1” from Standard & Poor’s or “P-1” from Moody’s or “F1” from
Fitch (or such other rating below “A-1” or “P-1” or, to the extent rated by Fitch, “F1,” as the case may be, which is acceptable to such Note Rating Agency), or (iii) the Note Rating Agency Condition will have been
satisfied despite the Servicer’s inability to satisfy the rating requirement specified in clause (i) or (ii) above, or (iv) for 5 Business Days following any reduction of 

  
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any such rating or failure to satisfy the conditions specified in clause (i) or (ii) above, the Servicer need not make the daily deposits of Collections into the Collection Account as
provided in the preceding paragraph, but may make deposits in an amount equal to the net amount of such deposits and payments which would have been made with respect to Asset Pool One Notes to receive payments on the related Payment Date had the
conditions of this sentence not applied, into the Collection Account in immediately available funds not later than 1:00 p.m., New York City time, on each applicable Note Transfer Date following the Monthly Period with respect to which such deposit
relates. To the extent that, in accordance with this subsection 3.1(b), the Servicer has retained amounts which would otherwise be required to be deposited into the Collection Account or any Supplemental Bank Account with respect to any Monthly
Period, the Servicer shall be required to deposit such amounts in the Collection Account or such Supplemental Bank Account on the applicable Note Transfer Date to the extent necessary to make required distributions on the related Payment Date.
Notwithstanding anything in this Asset Pool One Supplement to the contrary, unless otherwise specified in the Indenture or any Indenture Supplement, the Servicer need not deposit any amount allocated to be paid to any Transferor pursuant to the
Indenture, this Asset Pool One Supplement or any applicable Indenture Supplement into the Collection Account or any Supplemental Bank Account, but shall pay such amounts as collected to the applicable Transferor. 

(c) Notwithstanding anything else in this Asset Pool One Supplement, the Indenture, the Indenture Supplement thereto or the
Transfer and Servicing Agreement to the contrary, with respect to any Monthly Period for which the Servicer is required to make daily deposits into the Collection Account or into any Supplemental Bank Account provided for in any Indenture Supplement
for any Series: 
 (i) the Servicer will only be required to deposit Collections (other than Recoveries, which will be
deposited in accordance with subsection 3.11(a), and the Interchange Amount, which will be deposited in accordance with subsection 3.11(b)) into the Collection Account or such Supplemental Bank Account no later than the second Business Day following
the Date of Processing in an amount equal to the lesser of: 
 (A) the amount required to be deposited into the Collection
Account or such Supplemental Bank Account on such Business Day pursuant to the terms of the Indenture, this Asset Pool One Supplement or any Indenture Supplement for any Series, and 

  
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 (B) the amount required to be distributed on or prior to the related Note
Transfer Date to the extent necessary to make required distributions on the related Payment Date of: 
 (1) interest and
principal due to Holders of the Asset Pool One Notes (other than Asset Pool One Notes held by the Transferor for so long as the Transferor is the Servicer) provided for in any Indenture Supplement for any Series, 

(2) the product of (x) the sum of the floating allocation percentages for each Series of Asset Pool One Notes and
(y) the Asset Pool One Servicing Fees due to the Servicer, but only if the Transferor is not also the Servicer, 
 (3)
the product of (x) the sum of the floating allocation percentages for each Series of Asset Pool One Notes and (y) the Asset Pool One Default Amount, 

(4) targeted deposits to any reserve account designated and established pursuant to the Indenture Supplement for any Series,

 (5) amounts owed to applicable Derivative Counterparties, Supplemental Credit Enhancement Providers and Supplemental
Liquidity Providers; and 
 (6) any other amounts identified in any Indenture Supplement for any Series to be paid to
Holders of Asset Pool One Notes other than the Transferor, deposited in reserve accounts or other enhancement accounts or paid to third parties from Collections, 

and any such Collections not required to be deposited in the Collection Account shall be deposited in the Excess Funding Account to the extent
required pursuant to the terms of the Indenture, the Asset Pool One 

  
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Supplement or any Indenture Supplement for any Series, and any remaining Collections shall be paid to the Transferor; and 

(ii) (A) if at any time prior to the related Note Transfer Date the amount of Collections deposited in the Collection Account with respect to
the related Monthly Period exceeds the amount required to be deposited pursuant to clause (i) above, the Servicer shall withdraw such excess from the Collection Account and immediately pay it to the Transferor, and 

(B) if at any time prior to the related Note Transfer Date the amount of Collections deposited in the Collection Account with
respect to the related Monthly Period is less than the amount required to be deposited pursuant to clause (i) above, the Transferor shall pay to the Servicer, and the Servicer shall deposit into the Collection Account, the amount of the
shortfall, but only to the extent of Collections previously paid to the Transferor with respect to such Monthly Period pursuant to this paragraph. 

(iii) For the avoidance of doubt, to the extent that the exact amount of the required deposits or distributions pursuant to
clauses (i)(A) and (i)(B) above are unknown, the Servicer will be allowed to make a good faith estimate of the respective amounts thereof subject to the adjustment provisions set forth in clauses (ii)(A) and (ii)(B) above.” 

2. No Waiver. The execution and delivery of this Amendment No. 2 shall not constitute a waiver of a past default under the Second
Amended and Restated Asset Pool One Supplement or impair any right consequent thereon. 
 3. Second Amended and Restated Asset Pool One
Supplement in Full Force and Effect as Amended. Except as specifically amended or waived hereby, all of the terms and conditions of the Second Amended and Restated Asset Pool One Supplement shall remain in full force and effect. All references
to the Second Amended and Restated Asset Pool One Supplement in any other document or instrument shall be deemed to mean the Second Amended and Restated Asset Pool One Supplement as amended by this Amendment No. 2. This Amendment No. 2
shall not constitute a novation of the Second Amended and Restated Asset Pool One Supplement, but shall constitute an amendment thereof. The parties hereto agree to be bound by the terms and obligations of the Second Amended and Restated Asset Pool
One Supplement to which they are parties thereto, 

  
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as amended by this Amendment No. 2, as though the terms and obligations of the Second Amended and Restated Asset Pool One Supplement were set forth herein. 

4. Effect of Headings and Table of Contents. The Article and Section headings herein are for convenience only and shall not affect the
construction hereof. 
 5. Separability. In case any provision in this Amendment No. 2 shall be invalid, illegal or
unenforceable, the validity, legality, and enforceability of the remaining provisions shall not be affected or impaired thereby. 
 6.
Counterparts. This Amendment No. 2 may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to be an original, and all of which counterparts shall constitute one and the same instrument.

 7. GOVERNING LAW. THIS AMENDMENT NO. 2 WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF
DELAWARE, 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. 

8. Effective Date. This Amendment No. 2 shall become effective as of the day and year first above written. 

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 IN WITNESS WHEREOF, the Issuing Entity and the Collateral Agent have caused this Amendment
No. 2 to be duly executed by their respective officers as of the day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	 CHASE BANK USA, NATIONAL ASSOCIATION, as Beneficiary and

not in its individual capacity

		
	By:	 	     /s/ David A. Penkrot

		 	Name: David A. Penkrot
		 	Title:   Executive Director
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee and

Collateral Agent and not in its individual capacity

		
	By:	 	     /s/ Cheryl Zimmerman

		 	Name: Cheryl Zimmerman
		 	Title:   Vice President

  

			
	Acknowledged and Accepted:
	
	CHASE BANK USA,
	 NATIONAL ASSOCIATION,
 as
Servicer

		
	By:	 	     /s/ David A. Penkrot

		 	Name: David A. Penkrot
		 	Title:   Executive Director

 CHASE ISSUANCE TRUST 

AMENDMENT NO. 2 

TO THE SECOND A&R ASSET POOL ONE
SUPPLEMENTUnassociated Document

Exhibit 10.18

 

THIRD AMENDMENT TO CREDIT AGREEMENT

(First Credit Agreement)

 

This THIRD AMENDMENT TO CREDIT AGREEMENT (this "Amendment"), dated November 8, 2012 (the "Effective Date"), is between Recovery Energy, Inc., a Nevada corporation ("Borrower"), and Hexagon, LLC, a Colorado limited liability company, formerly known as Hexagon Investments, LLC ("Lender").

 

RECITALS

 

A.            Borrower and Lender have entered into a Credit Agreement, dated as of January 29, 2010 (as modified by that certain Amendment to Promissory Note, dated December 29, 2010, that certain Second Amendment to Promissory Note, dated November 14, 2011, that certain Amendment to Credit Agreement dated March 15, 2012, and as further amended, modified, supplemented substituted or replaced, the "Credit Agreement"), providing for a term loan in the original principal amount of $4,500,000.  Defined terms used herein and not defined herein shall have the meanings set forth in the Credit Agreement.

 

B.             Borrower has asked Lender, and Lender has agreed to amend the terms and conditions of the Credit Agreement to extend the Maturity Date until December 31, 2013, subject to and as more fully set forth in this Amendment.

 

AGREEMENT

 

In consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower and Lender agree as follows:

 

1.              Amendment to Credit Agreement.  Effective as of the Effective Date and upon the terms and subject to the conditions set forth in this Amendment:

 

(a)            Section 1.1 of the Credit Agreement is hereby amended by deleting "September 30, 2013" in the definition of "Maturity Date" and replacing it with "December 31, 2013".

 

(b)            Section 2.4 of the Credit Agreement is hereby amended by deleting "September 30, 2013" in the second line and replacing it with "December 31, 2013".

 

2.              Other Agreements.  (a) Borrower and Lender agree that all of the Loan Documents are hereby amended to reflect the amendments set forth herein and that no further amendments to any Loan Documents are required to reflect the foregoing; and (b) all references in any document to "Credit Agreement" or any "Loan Document" shall refer to the Credit Agreement or any such Loan Document, as amended pursuant to this Amendment.

 

3.              Representations and Warranties.  Borrower hereby certifies to Lender that as of the date of this Amendment and as of the Effective Date (taking into consideration the transactions contemplated by this Amendment) all of Borrower's  representations and warranties contained in the Credit Agreement and each of the Loan Documents are true, accurate and complete, and no Default or Event of Default has occurred under the Credit Agreement or any of the Loan Documents.  Without limiting the generality of the foregoing, Borrower represents and warrants that (i) the execution and delivery of this Amendment has been authorized by all necessary action on the part of Borrower, (ii) the person executing this Amendment on behalf of Borrower is duly authorized to do so, and (iii) this Amendment constitutes the legal, valid, binding and enforceable obligation of Borrower.

 

  

  

  

4.             Additional Documents.  Borrower shall execute and deliver, and shall cause to be executed and delivered, to Lender at any time and from time to time such documents and instruments, including without limitation additional amendments to the Credit Agreement and the Loan Documents, as Lender may reasonably request to confirm and carry out the transactions contemplated hereby or by any other Loan Documents executed in connection herewith.

 

5.             Continuation of the Credit Agreement and Loan Documents.  Except as specified in this Amendment, the provisions of the Credit Agreement and the Loan Documents shall remain in full force and effect, and if there is a conflict between the terms of this Amendment and those of the Credit Agreement or the Loan Documents, the terms of this Amendment shall control.  This Amendment is a Loan Document.

 

6.             Ratification and Reaffirmation of Obligations by Borrower.  Borrower hereby (a) ratifies and confirms all of its Obligations under the Credit Agreement and each of the other Loan Documents, and acknowledges and agrees that such Obligations remain in full force and effect, and (b) ratifies, reaffirms and reapproves in favor of Lender the terms and provisions of the Credit Agreement and each of the other Loan Documents, including (without limitation), its pledges and other grants of Liens and security interests pursuant to the Loan Documents.

 

7.             Release and Indemnification.

 

(a)          Borrower hereby fully, finally, and forever releases and discharges Lender, and its successors, assigns, directors, officers, employees, agents and representatives, from any and all causes of action, claims, debts, demands and liabilities, of whatever kind or nature, in law or equity, of Borrower, whether now known or unknown to Borrower in respect of (i) the Obligations under the Credit Agreement and each of the other Loan Documents or (ii) the actions or omissions of Lender in any manner related to the Obligations under the Credit Agreement and each of the other Loan Documents; provided that this Section shall only apply to and be effective with respect to events or circumstances existing or occurring prior to and including the date of this Amendment.

 

(b)          Without limiting Section 7.3 of the Credit Agreement, Borrower hereby agrees to indemnify, defend, and hold harmless Lender and its successors, assigns, directors, officers, employees, agents and representatives (each an "Indemnified  Party" and collectively the "Indemnified Parties") from and against any and all accounts, covenants, agreements, obligations, claims, debts, liabilities, offsets, demands, costs, expenses, actions or causes of action of every nature, character and description, whether arising at law or equity or under statute, regulation or otherwise, and whether liquidated or unliquidated, contingent or noncontingent, known or unknown, suspected or unsuspected ("Claims"), arising from or made under any legal theory, which any of Indemnified Parties may incur as a direct or indirect consequence of or in relation to any acts or omissions of Borrower arising from or relating to any of: (i) the Credit Agreement; (ii) the Loan Documents; (iii) this Amendment; or (iv) any documents executed by Borrower in connection with this Amendment.  Should any Indemnified Party incur any such Claims, or defense of or response to any Claims or demand related thereto, the amount thereof, including costs, expenses and attorneys' fees, shall be added to the amounts due under the Loan Documents, and shall be secured by any and all liens created under and pursuant to the Loan Documents.  This indemnity shall survive until the Obligations have been indefeasibly paid in full and the termination, release or discharge of Borrower.

  

2

  

 

To the extent permissible under applicable law, this indemnity shall not limit any other rights of indemnification, subrogation or assignment, whether explicit, implied, legal or equitable, that any Indemnified Party may have.

 

8.             No Waiver. This Amendment does not constitute a waiver by Lender of Borrower's compliance  with any covenants, or a waiver of any Defaults or Events of Default, under the Credit Agreement or any of the Loan Documents, and shall not entitle the Borrower to any amendments or waivers in the future.

 

9.             Miscellaneous. Article VIII of the Credit Agreement is hereby incorporated  by reference into this Amendment.

 

[Signature Pages Follow]

 

  

3

  

 

Borrower and Lender have executed this Third Amendment to Credit Agreement as of the date first above written.

 

	HEXAGON, LLC	 	RECOVERY ENERGY, INC.	 
	By: 	
Hexagon, Inc., its Manager

	 	 	 	 
	 	 	 	 	 	 
	 	By:	
/s/ Brian Fleischmann

	 	By:	
/s/ A. Bradley Gabbard

	 
	 	 	
Brian Fleischmann

	 	 	
A. Bradley Gabbard

	 
	 	 	
Executive Vice President

	 	 	
Chief Financial Officer

	 

 

 

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