Document:

Exhibit 10.1

 

Mega International Commercial Bank

 

Comprehensive Credit Extension Contract

 

S/N: DUNHUASHOU ZINO. L104322B

 

Client: Applied Optoelectronics, Inc.,
Taiwan Branch

 

 

 

 

 

 

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Comprehensive Credit Extension Contract

 

Applied Optoelectronics, Inc., Taiwan
Branch (“Contractor”) and Mega International Commercial Bank (“Bank”), in light of the need
and convenience of multiple credit relationships between the parties, hereby consolidate all the credit relationships and make
this Comprehensive Credit Extension Contract (“Contract”). The credit extensions between the parties, excluding those
governed by any credit agreement or other agreements between the parties, as agreed hereby, shall be governed by the following
terms and conditions.

 

Article 1. Credit Types

The types of credit to be extended hereunder
shall be the following ones marked with “V”, totally three types:

	V Loan for Purchasing Materials	□ Overdraft 
	□ Loan for External Sales   	□ Guarantee for Instruments by Mandate 
	V Loan for Business Operation  	□ Acceptance of Instruments by Mandate 
	□ Discount     	V Guarantee for Mandates 

 

Article 2. Aggregate Line of Credit

The aggregate line of credit hereunder
shall be, on a revolving basis, Four Million US Dollars or the equivalent of that amount in any other currency.

The aggregate line of credit in the paragraph
hereinabove shall mean the maximum sum totaling up the actual available amounts of all the credits in the Article hereinabove.
The aggregate amount of funds available to Contractor under the credits hereunder shall be not more than the aggregate line of
credit as specified in this Article.

The line for each type of credit hereunder
shall apply solely to the specific credit. The amount allowed Contractor under a given credit shall not exceed the line for each
type of credit.

When Contractor uses any credit pursuant
to a pre-existing credit extension contract, any outstanding debt that is not paid shall be incorporated into the aggregate line
and the separate line as specified in the two paragraphs hereinabove.

Where any credit that Contractor uses involves
any foreign currency, if the separate or aggregate line is exceeded due to the fluctuation of the exchange rate or for causes whatsoever,
the balance shall become immediately due and payable by Contractor.

 

Article 3. Availability Period

The availability of the credits hereunder
shall be from November 28, 2015 to November 27, 2016. Contractor shall, pursuant to the conditions herein and during the period
specified in this Article, file a request and obtain the consent from Bank in ways and by presenting documents agreed between the
parties, before it may use such credits.

 

 

 

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Article 4. Base Interest Rate and Adjustment

The base interest rate of Bank shall
be the overnight call money rate of the financial industry, plus the cost and a reasonable profit of Bank, provided that Bank may
re-adjust the cost and the reasonable profit in light of the market condition, the financial cost and the business condition. 

 

Where the interest rate for the credit
hereunder shall be the base interest rate plus a certain percentage of Bank upon the conclusion of this Contract (the base interest
rate being 2.75% annually upon the conclusion of this Contract), Contractor shall agree to comply with the base interest rate as
adjusted on the date of such adjustment by Bank. In the case of any adjustment to the base interest rate following the conclusion
of the Contract, Contractor shall agree that such adjustment may be published at the business venue of Bank and to be bound by
such adjustment. 

 

Article 5. Liquidated Damages and Interest
Rate for Delay

Contractor who delays the repayment of
any principal or interest shall be liable for a penalty which is 10% of the agreed interest rate for the first six months of delay
and 20% of the agreed interest rate thereafter as of the date that such principal or interest falls due and payable.

Contractor who fails to repay the principal
pursuant to this Contract shall be liable for the penalty specified in the paragraph hereinabove, as well as interest for delay
at the agreed lending rate plus 1% of annual interest rate. In the case of debts guaranteed by Bank, Contractor shall be liable
for the penalty specified in the previous paragraph in this Article, as well as interest for delay at the base interest rate at
the date of the advancement by Bank plus 3% of the annual interest rate.

 

Article 6. Exchange Rate Risk

Any foreign-currency debt that Contractor
may incur as a result of any credit hereunder shall be repaid by Contractor using the foreign currency or New Taiwan Dollars. Contractor
who repays the debt using New Taiwan Dollars shall agree that Bank may select and apply the spot exchange selling rate of Bank
on the maturity or repayment date of the debt, provided that any repayment ahead of schedule shall be subject to the consent of
Bank.

 

 

 

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Article 7. The conditions and contents
of credits hereunder shall be as follows:

 

Loan for Purchasing Materials 

I. The purpose of the loan shall be for
Contractor to purchase any raw materials or supplies or to pay for any intangible trade.

II. The line of credit shall be, on
a revolving basis, Four Million US Dollars or the equivalent of that amount in any other currency.

III. Interest Rate.

(I) Interest rate standards:

1. For US Dollars, the interest
rate shall be the 1-month, 3-month or 6-month LIBOR rate plus 1% of annual rate and then divided by 0.946, with any amount of the
TAIFX rate exceeding 0.3% of the LIBOR rate on the same term to be borne by Contractor.

2. For New Taiwan Dollars, the
interest rate shall be the base lending rate of New Taiwan Dollars plus 0.76%.

3. For other currencies, the
interest rate shall be the borrowing cost of Bank plus 1.0% of the annual rate and then divided by 0.946%.

(II) The interest shall be collected
on a monthly basis.

(III) The interest on the loan
shall begin to accrue upon the date that the payment is advanced by Bank or made by any other foreign bank.

(IV) In the case of the acceptance
of a bill of exchange, Contractor shall be liable for a commission pursuant to the rate and terms as follows:

The annual rate shall be 1%
and shall fall due and payable on a three-month basis at a rate of 0.25%. 

 

IV. Repayment Period.

(I) Contractor shall agree to
repay the loan within 180 days as of the date of advancement by Bank.

(II) For the acceptance of bills
of exchange, the period from the acceptance date to the maturity date of the bill shall be not more than 180 days. Upon maturity,
the bill shall be paid by Contractor or advanced by Bank as per the request of Contractor, provided that the totaling of the advancement
period and the acceptance period shall be not more than 180 days.

(III) Contractor shall, for the
purchase of any domestic supplies, obtain the consent of Bank and request Bank to issue a domestic letter of credit and to accept
or pay for the bill of exchange or any other document opened by the beneficiary of the letter of credit, provided that the repayment
period shall not be more than 180 days.

(IV) If the supplies purchased
using the credit extended hereunder are sold ahead of schedule, the repayment of the loan shall be made earlier accordingly.

 

V. Use of Credits and Conditions

(I) The loan is used when Contractor
requests Bank to issue a letter of credit. Contractor shall pay a certain percentage that Bank specifies as the margin over the
letter of credit. For the remaining amount of the credit, Contractor shall apply to Bank for an advancement or acceptance by presenting
a loan request form, an application for issuing a letter of credit, or transaction documents.

(II) Contractor who shall pay
for goods through D/P, D/A, O/A or T/T other than L/C shall, subject to the consent of Bank, request Bank to advance 100% of the
amount of the transaction by presenting a loan request form and the transaction document. The repayment period of each loan shall
be not more than 180 days.

(III) Contractor may issue an
usance letter of credit for buying or selling within or without the country

 

 

 

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VI. Contractor may, in light of its actual
needs for business transaction and subject to the consent of Bank, substitute the special stamp for import and export as approved
by the competent authority for the seal or signature left on the credit agreement.

VII. The credit amount hereunder may, subject
to the consent of Bank, be converted into an equivalent of the same amount in any other currency, provided that after conversion
to a New Taiwan Dollar amount, no further conversion shall be conducted into any other foreign currency. In the case that the principal
and the interest shall be paid altogether, any lending interest over the original currency amount prior to the conversion shall
be paid by Contractor upon the conversion.

The exchange date and rate shall be negotiated
by and between the parties. Any excessive amount over the line of credit hereunder as a result of currency conversion shall be
repaid by Contractor immediately.

VIII. In the case of a documentary letter
of credit hereunder, any excessive documentary amount over the advancement agreed to by Bank upon the issuing of the letter of
credit shall be, subject to the consent of Bank to advance the same, included in the available amount of the credit hereunder,
which shall be repaid by Contractor.

IX. Contractor shall agree that related
business, responsibilities and obligations under the letter of credit hereunder be governed by the Uniform Customs and Practice
for Documentary Credits (UCP) issued by the International Chamber of Commerce, as well as relevant international provisions
to interpret the conditions for trade, which are incorporated herein by reference.

X. Contractor shall procure insurance and
pay the premium for the goods purchased under the letter of credit hereunder, pursuant to conditions satisfactory to Bank and including
Bank as the primary beneficiary beforehand.

 

Loan for Business Operation 

I. The purpose of the credit shall be for
Contractor to use as working capital in the normal course of business.

II. The line of credit shall be, on
a revolving basis, One Hundred and Twenty-Four Million New Taiwan
Dollars.

III. Interest.

(I) The standard interest rate
shall be the base lending rate of New Taiwan Dollars plus 0.76%. 

(II) The interest shall be
paid on a monthly basis. 

IV. The repayment period shall be not
more than 180 days for each loan.

V. Credit Use and Conditions: The loan
shall be used by presenting the loan request form.

 

Guarantee for Mandates 

I. The purpose of the credit shall be for
Contractor to request Bank to provide guarantees for purposes instructed by Contractor.

II. The line of credit shall be, on
a revolving basis, Four Million US Dollars or the equivalent of the same amount in any other currency.

III. The commission charge shall be,
at an annual rate of 0.7%, calculated on the basis of the actual days of the guarantee validity, with the minimum charge being
Four Hundred New Taiwan Dollars.

IV. The scope of the guarantee shall be
solely for opening customs duty accounts. 

V. Terms of Guarantee: The guarantee
shall be issued for opening a customs duty account as instructed by Contractor, subject to the consent of Bank, for a maximum period
of one year. 

VI. The guarantee made in the form of a
letter of credit shall be governed by the current Uniform Customs and Practice for Documentary Credits or the International
Standby Practice issued by the International Chamber of Commerce at the time the letter of credit is issued.

VII. Bank shall, when performing the guarantee
obligation, only conduct a documentary review of the documents that the beneficiary of the guarantee presents when requesting Bank
to perform such obligation, and shall determine at its sole discretion whether to fulfill the guaranteed debt. It shall be unnecessary
for Bank to consider the substance of any goods, services or other acts as guaranteed.

VIII. When the beneficiary of the guarantee
requests Bank to perform the guaranteed debt, Contractor shall repay the debt immediately and if the debt is in any foreign currency,
repay the same by raising the foreign exchange amount solely by itself.

 

 

 

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Article 8. Miscellaneous Clauses Negotiated
Separately

I. The Contractor’s headquarter
company shall place a deposit with Bank as a pledge, which is 100% of the remaining balance of the credit available hereunder.
If the deposit is in a currency different from that of the credit hereunder, the deposited amount shall be calculated at the current
foreign exchange selling rate of Bank or not more than 95% of the deposited amount. If during the period of the credit hereunder,
the fluctuation of the foreign exchange rate causes the deposited amount to be less than 100% of the remaining credit amount, Contractor
shall, upon the notice of Bank, immediately make up the balance of the pledge with Bank. 

II. The lending rate of the NTD or USD
loans used according to this Contract may not be lower than the bank’s listed "basic lending rate" in NTD or USD
on the day when the said loans are used.

III. Contractor agrees that in the event
of any dramatic change to the interest rate in the market for any loan in any currency hereunder, the parties shall re-negotiate
the interest rate depending on the market situation, subject to the limit set out by law. 

IV. This Contract shall be made into
two originals and one duplicate, with Bank holding one original and one duplicate and Contractor holding the other original. 

 

 

(I) MEGA INTERNATIONAL COMMERCIAL
BANK

Responsible Person: Cai
Youcai 

Principal Agent: Zhou Peizhen,
Manager of Dunhua Branch 

Address: 88-1, Dunhua Road
North, Songshan District, Taipei 

 

 

Contractor hereby acknowledges
that it has read and fully understands all the provisions hereinabove during the reasonable period before it attaches its signature
and seal as follows. 

(II) Contractor: 

APPLIED OPTOELECTRONICS,
INC. TAIWAN BRANCH 

Uniform Business No. 28410552

Responsible Person: Lin
Chih-Hsiang 

Addresss: No.18, Gong 4th
Rd., Linkou District, New Taipei City 24452, Taiwan (R.O.C.)

 

 

 

Date: December 22, 104 year
of the Republic of China’s Era.

 

 

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Power of Attorney

 

To: Mega International Commercial Bank

 

We hereby issue a promissory note amounting to USD Four million
(USD4,000,000) on the date of  December 22, 2015, and we hereby authorize you to complete the items in blank at your discretion
and exercise the full rights of such promissory note on the due date of such promissory note.

 

With Best Wishes

 

Authorizer: Applied Optoelectronics Inc. Taiwan Branch(Stamp)

 

Authorized Representative: Lin Chih-Hsiang

 

Address:
No. 18, Gong 4th Rd., Linkou District, New Taipei City 24452, Taiwan (R.O.C.) 

 

Authorizer: (Stamp)

Address:

 

Authorizer: (Stamp)

Address:

 

Authorizer: (Stamp)

Address:

Date: December 22, 104 year of the Republic of China’s
Era.

 

Coordinator:

 

Reviewer:

 

Business Office

 

Assistant/Deputy/ Manager:

 

 

    	 	7	 

     

    

 

 

	Promissory
    Note
	
        By presenting this note, Mega International Commercial Bank
        shall be paid USD Four million (USD4,000,000) immediately without any condition on the date of .

         

        Special Terms

        A.   
        Payment under this promissory note shall be conducted at Dunhua Branch of Mega International Commercial Bank

  (Address: 88-1, Dunhua Road North, Songshan District, Taipei );

        B.    
        It’s agreed that the interest rate of this promissory note shall be referred to the rate of short-term loan of USD
        published

  by Mega International Commercial Bank on the date of presentation of this promissory note.

        C.    
        The protest waived, and notice on protest causes shall not be applicable to this promissory note.

        D.   
        The presentation period of this promissory note shall be extended to one year.

        E.    
        This promissory note shall be governed by laws of Republic of China.

         

        Drawer: Applied Optoelectronics Inc. Taiwan Branch

        Authorized Representative: Lin Chih-Hsiang

        Address: No.18, Gong 4th Rd., Linkou District, New Taipei City
        24452, Taiwan (R.O.C.)

         

        Drawer:

        ID number:

        Address:

         

        Drawer:

        Address:

         

         

        Drawer:

        Authorized Representative:

        Address:

         

        Drawer:

        Address:

         

        Drawer:

        Address:

         

        Date of Drawing: December 22, 104 year of the Republic of China’s
        Era.

 

 

    	 	8Exhibit 4.3

 Exhibit 4.3 

CAPITAL ONE MASTER TRUST 
 [FORM
OF] SECOND AMENDMENT TO AMENDED AND 
 RESTATED RECEIVABLES PURCHASE AGREEMENT 

This SECOND AMENDMENT TO AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of
[            ] [            ], 201[ ] (the “Amendment”) to the Amended and Restated Receivables Purchase
Agreement, dated as of August 1, 2002, as amended and restated as of July 1, 2007, as amended by the First Amendment thereto, dated as of March 1, 2008 (the “Agreement”), is entered into between CAPITAL ONE BANK
(USA), NATIONAL ASSOCIATION, a national banking association (the “Bank” or “Capital One”), and CAPITAL ONE FUNDING, LLC, a Virginia limited liability company (“Funding”). 

WHEREAS, pursuant to Section 9.01 of the Agreement, the Bank and Funding desire to amend the Agreement to include dispute resolution
provisions as specified herein; 
 NOW, THEREFORE, in consideration of the premises and agreements contained herein and notwithstanding
anything to the contrary set forth in the Agreement, the undersigned parties hereby agree as follows: 
 ARTICLE I 

AMENDMENTS 
 Section 1.01.
Amendments to the Agreement. The Agreement is hereby amended as follows: 
 (a) Section 1.01 of the Agreement is hereby amended
by deleting the term “Pooling and Servicing Agreement” in its entirety and replacing it with the following: 

“Pooling and Servicing Agreement” shall mean the Amended and Restated Pooling and Servicing Agreement, dated
as of September 30, 1993, as amended and restated as of August 1, 2002, January 13, 2006, July 1, 2007 and
[            ] [            ], 201[ ], among Funding, as Transferor, Capital One, as Servicer, and The Bank of New York
Mellon, as Trustee, as amended and supplemented from time to time. 
 (b) Section 1.01 of the Agreement is hereby amended by adding the
following defined terms in the appropriate alphabetical order: 
 “AAA” has the meaning specified in
subsection 6.03(b)(i). 
 “Qualified Dispute Resolution Professional” shall mean an attorney or
retired judge that is independent, impartial, knowledgeable about and experienced with the laws of the State of New York, specializing in commercial litigation with at least 15 

 years of experience and whose name is on a list of neutral parties maintained by
the AAA. 
 “Representing Party” has the meaning specified in subsection 6.03(a). 

“Requesting Party” has the meaning specified in subsection 6.03(a). 

“Rules” has the meaning specified in subsection 6.03(b)(i). 

(c) Article VI of the Agreement is hereby amended by adding the following as Section 6.03: 

Section 6.03. Dispute Resolution. 

(a) If any Receivable is subject to repurchase pursuant to Section 6.01 or Section 6.02 of this Agreement, which
repurchase is not resolved in accordance with the terms of this Agreement within 180 days after notice is delivered to Capital One as specified in any such Section, the party providing such notice (the “Requesting Party”) will have
the right to refer the matter, at its discretion, to either third-party mediation (including nonbinding arbitration) or arbitration pursuant to this Section 6.03 and Capital One is hereby deemed to consent to the selected resolution method. At
the end of the 180-day period described above, the Representing Party (as defined below) may provide notice informing the Requesting Party of the status of its request or, in the absence of any such notice,
the Requesting Party may presume that its request remains unresolved. The Requesting Party must provide written notice of its intention to refer the matter to mediation or arbitration to Capital One (in such capacity, the “Representing
Party”) within 30 calendar days following such 180th day. Capital One agrees to participate in the resolution method selected by the Requesting Party. 

(b) If the Requesting Party selects mediation as the resolution method, the following provisions will apply: 

(i) The mediation will be administered by the American Arbitration Association (the “AAA”) pursuant to its
Commercial Arbitration Rules and Mediation Procedures in effect at the time the mediation is initiated (the “Rules”); provided, that if any of the Rules are inconsistent with the procedures for the mediation or arbitration
stated in this Agreement, the procedures in this Agreement will control. 
 (ii) The mediator must be a Qualified Dispute
Resolution Professional. Upon being supplied a list, by the AAA, of at least ten potential mediators that are each Qualified Dispute Resolution Professionals, each of the Requesting Party and the Representing Party will have the right to exercise
two peremptory challenges within 14 days and to rank the remaining potential mediators in order of preference. The AAA will select the mediator from the remaining potential mediators on the list, respecting the preference choices of the parties to
the extent possible. 

  
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 (iii) Each of the Requesting Party and the Representing Party will use
commercially reasonable efforts to begin the mediation within [        ] Business Days of the selection of the mediator and to conclude the mediation within
[        ] days of the start of the mediation. 
 (iv) The fees and expenses
of the mediation will be allocated as mutually agreed by the Requesting Party and the Representing Party as part of the mediation. 

(v) A failure by the Requesting Party and the Representing Party to resolve a disputed matter through mediation shall not
preclude either party from seeking a resolution of such matter through the initiation of a judicial proceeding in a court of competent jurisdiction, subject to subsection 6.03(d) below. 

(c) If the Requesting Party selects arbitration as the resolution method, the following provisions will apply: 

(i) The arbitration will be held in accordance with the United States Arbitration Act, notwithstanding any choice of law
provision in this Agreement, and under the auspices of the AAA and in accordance with the Rules. 
 (ii) If the repurchase
request specified in subsection 6.03(a) involves the repurchase of an aggregate amount of Receivables of less than $[            ], a single arbitrator will be used. That
arbitrator must be a Qualified Dispute Resolution Professional. Upon being supplied a list of at least ten potential arbitrators that are each Qualified Dispute Resolutions Professionals by the AAA, each of the Requesting Party and the Representing
Party will have the right to exercise two peremptory challenges within [        ] days and to rank the remaining potential arbitrators in order of preference. The AAA will select the arbitrator from the
remaining potential arbitrators on the list respecting the preference choices of the parties to the extent possible. 

(iii) If the repurchase request specified in subsection 6.03(a) involves the repurchase of an aggregate amount of
Receivables equal to or in excess of $[            ], a three-arbitrator panel will be used. The arbitral panel will consist of three Qualified Dispute Resolution Professionals,
(A) one to be appointed by the Requesting Party within five Business Days of providing notice to the Representing Party of its selection of arbitration, (B) one to be appointed by the Representing Party within five Business Days of the
Requesting Party’s appointment of an arbitrator, and (C) the third, who will preside over the arbitral panel, to be chosen by the two party-appointed arbitrators within five Business Days of the Representing Party’s appointment. If
any party fails to appoint an arbitrator or the two party-appointed arbitrators fail to appoint the third within the relevant time periods, then the appointments will be made by the AAA pursuant to the Rules. 

(iv) Each arbitrator selected for any arbitration will abide by the Code of Ethics for Arbitrators in Commercial Disputes in
effect at the time the arbitration is initiated. Prior to accepting an appointment, each arbitrator must promptly disclose any circumstances likely to create a reasonable inference of bias or conflict of interest or likely to preclude completion of
the hearings within the prescribed time schedule. Any arbitrator selected may be removed by the AAA for cause consisting of actual bias, conflict of interest or other serious potential for conflict. 

  
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 (v) The Requesting Party and the Representing Party each agree that it is their
intention that after consulting with the parties, the arbitrator or arbitral panel, as applicable, will devise procedures and deadlines for the arbitration, to the extent not already agreed to by the parties, with the goal of expediting the
proceeding and completing the arbitration within [        ] days after appointment of the arbitrator or arbitral panel, as applicable. The arbitrator or the arbitral panel, as applicable, will have the
authority to schedule, hear, and determine any and all motions, including dispositive and discovery motions, in accordance with New York law then in effect (including prehearing and post hearing motions), and will do so on the motion of any party to
the arbitration. Notwithstanding any other discovery that may be available under the Rules, unless otherwise agreed by the parties, each party to the arbitration will be limited to the following discovery in the arbitration: 

(A) Consistent with the expedited nature of arbitration, the Requesting Party and the Representing Party will, upon the
written request of the other party, promptly provide the other with copies of documents relevant to the issues raised by any claim or counterclaim on which the producing party may rely in support of or in opposition to the claim or defense. 

(B) At the request of a party, the arbitrator or arbitral panel, as applicable, shall have the discretion to order examination
by deposition of witnesses to the extent the arbitrator or arbitral panel deems such additional discovery relevant and appropriate. Depositions shall be limited to a maximum of three (3) per party and shall be held within thirty
(30) calendar days of the making of a request. Additional depositions may be scheduled only with the permission of the arbitrator or arbitral panel, and for good cause shown. Each deposition shall be limited to a maximum of three
(3) hours’ duration. All objections are reserved for the arbitration hearing except for objections based on privilege and proprietary or confidential information. 

(C) Any dispute regarding discovery, or the relevance or scope thereof, shall be determined by the arbitrator or arbitral
panel, which determination shall be conclusive. 
 (D) All discovery shall be completed within sixty (60) calendar days
following the appointment of the arbitrator or the arbitral panel, as applicable; provided, that the arbitrator or the arbitral panel, as applicable, will have the ability to grant the parties, or either of them, additional discovery to the
extent that the arbitrator or the arbitral panel, as applicable, determines good cause is shown that such additional discovery is reasonable and necessary. 

  
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 (vi) The Requesting Party and the Representing Party each agree that it is their
intention that the arbitrator or the arbitral panel, as applicable, will resolve the dispute in accordance with the terms of this Agreement, and may not modify or change this Agreement in any way. The arbitrator or the arbitral panel, as applicable,
will not have the power to award punitive damages or consequential damages in any arbitration conducted. The Requesting Party and the Representing Party each agree that it is their intention that in its final determination, the arbitrator or the
arbitral panel, as applicable, will determine and award the costs of the arbitration (including the fees of the arbitrator or the arbitral panel, as applicable, cost of any record or transcript of the arbitration, and administrative fees) and
reasonable attorneys’ fees to the parties as determined by the arbitrator or the arbitral panel, as applicable, in its reasonable discretion. The determination of the arbitrator or the arbitral panel, as applicable, must be consistent with the
provisions of this Agreement, including Section 9.06 (with the understanding that any costs allocated to Funding under this subsection 6.03(c)(vi) will be limited as though such costs were claims of Capital One for purposes of
Section 9.06), and will be in writing and counterpart copies will be promptly delivered to the parties. The determination of the arbitrator or the arbitral panel, as applicable, may be reconsidered once by the arbitrator or the arbitral
panel, as applicable, upon the motion and at the expense of either party. Following that single reconsideration, the determination of the arbitrator or the arbitral panel, as applicable, will be final and non-appealable and may be entered in and may
be enforced in, any court of competent jurisdiction. 
 (vii) By selecting arbitration, the Requesting Party is giving up
the right to sue in court, including the right to a trial by jury. 
 (viii) No Person may bring a putative or certified
class action to arbitration. 
 (d) The following provisions will apply to both mediations and arbitrations: 

(i) Any mediation or arbitration will be held in New York, New York. 

(ii) Notwithstanding this dispute resolution provision, the parties will have the right to seek provisional or ancillary
relief from a competent court of law, including a temporary restraining order, preliminary injunction or attachment order, provided such relief would otherwise be available by law. 

(iii) The details and/or existence of any unfulfilled repurchase request specified in subsection 6.03(a) above, any
informal meetings, mediations or arbitration proceedings, including all offers, promises, conduct and statements, whether oral or written, made in the course of the parties’ attempt to informally resolve an unfulfilled repurchase request, and
any discovery taken in connection with any arbitration, will be confidential, privileged and inadmissible for any purpose, including impeachment, in any mediation, arbitration or litigation, or other proceeding; provided, however, that any discovery
taken in any arbitration will be admissible in that particular arbitration. Such information will be kept strictly confidential and will not be disclosed or discussed with any third party (excluding a party’s attorneys, experts,

  
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accountants and other agents and representatives, as reasonably required in connection with the related resolution procedure), except as otherwise required by law, regulatory requirement or court
order. If any party to a resolution procedure receives a subpoena or other request for information from a third party (other than a governmental regulatory body) for such confidential information, the recipient will promptly notify the other party
to the resolution procedure and will provide the other party with the opportunity to object to the production of its confidential information. Notwithstanding anything in this Section 6.03 to the contrary, any discovery taken in
connection with any arbitration pursuant to subsection 6.03(c) above will be admissible in such arbitration. 
 ARTICLE II 

CONDITIONS PRECEDENT 

Section 2.01. Effectiveness. The amendments and assignments provided for by this Amendment shall become effective upon
satisfaction of the following conditions: 
 (a) prior notice from the Bank to Funding, the Trustee and each Rating Agency of this Amendment
delivered pursuant to Sections 9.01 of the Agreement; 
 (b) delivery of written confirmation to Funding and the Trustee from each
Rating Agency that this Amendment will not result in the reduction or withdrawal of the respective ratings of such Rating Agency for any securities issued by the Trust delivered pursuant to Sections 9.01 of the Agreement; 

(c) delivery of an Officer’s Certificate, from the Bank to Funding, stating that the Bank reasonably believes that such action will not
cause a Pay Out Event delivered pursuant to Section 9.01 of the Agreement; 
 (d) a copy of this Amendment shall be sent to each Rating
Agency; and 
  (e) delivery of counterparts of this Amendment, duly executed by the parties hereto. 

ARTICLE III 
 MISCELLANEOUS

 Section 3.01. Waiver of Notice. Notwithstanding anything to the contrary set forth in the Agreement, each of the undersigned
parties hereby waive any notice or other timing requirements with respect to and gives its consent to the amendments and assignments provided for herein. 

Section 3.02. Ratification of Agreement. Except as specifically amended, modified or supplemented by this Amendment, the Agreement
is hereby confirmed and ratified in all respects and shall remain in full force and effect. This Amendment shall not constitute a 

  
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novation of the Agreement, but shall constitute an amendment and assignment thereof. Each of the parties to the Agreement agrees to be bound by the terms of the obligations of the Agreement, as
amended and assigned by this Amendment, as though the terms and obligations of such agreement were set forth herein. 
 Section 3.03.
Counterparts. This Amendment may be executed in any number of counterparts and by separate parties hereto on separate counterparts, each of which when executed shall be deemed an original, but all such counterparts taken together shall
constitute one and the same instrument. 
 Section 3.04. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS, REMEDIES OF THE PARTIES
HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 Section 3.05. Defined Terms and Section References. Capitalized
terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Agreement. All Section or Subsection references herein shall mean Sections or Subsections in the Agreement, except as otherwise provided herein.

  
 -7- 

 IN WITNESS WHEREOF, the undersigned parties have caused this Amendment to be duly executed by
their respective officers thereunto duly authorized, all as of the date first above written. 
  

			
	 CAPITAL ONE BANK (USA),

NATIONAL ASSOCIATION

		
	 By:
	 	  

		 	Name:
		 	Title:
	
	 CAPITAL ONE FUNDING, LLC

		
	 By:
	 	  

		 	Name:
		 	Title:

 Acknowledged and Accepted by: 
  

			
	 THE BANK OF NEW YORK MELLON,

as Trustee

		
	 By:
	 	  

		 	Name:
		 	Title:

 [Signature Page to Second Amendment to COMT Receivables Purchase Agreement]

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