Document:

Exhibit 10.1

 

 

YEW BIO-PHARM GROUP, INC.

(a
Nevada corporation)

 

 

2%
Subordinated Promissory Note

 

 

NEITHER THIS NOTE NOR THE SECURITIES
ISSUABLE UPON THE CONVERSION HEREOF AS PROVIDED HEREIN HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER
THE LAWS OF ANY STATE OR OTHER JURISDICTION. TRANSFER OF THIS NOTE AND SUCH SECURIITES IS RESTRICTED PURSUANT TO SUCH LAWS.

	$648,000.00	
        El Monte, California

        May 15, 2015

 

		1.	Note. FOR VALUE RECEIVED, YEW BIO-PHARM GROUP, INC., a Nevada corporation (the “Company”
or the “Borrower”), hereby promises to pay to the order of Guifang Qi (the “Holder”) the amount of $648,000.00
payable on or before November 15, 2015 (“Due Date”) with interest at the rate of two (2%) per annum on the outstanding
principal. Interest payments shall be made with principal on the Due Date, to the Holder in lawful money of the United States at,
9460 Telstar Avenue, Suite 6, El Monte, CA 91731, or at such other place as the Holder may specify in writing.

		2.	Default. In the event of an occurrence of any event of default specified below, the
principal and all accrued interest on the Note shall become immediately due and payable without notice, except as specified below.
The occurrence of any of the following events shall constitute an event of default under this Note:

		2.1	The Company fails to make any payment hereunder when due, which failure has not been cured within
thirty (30) days following such failure.

		2.2	If the Borrower shall file a petition to take advantage of any insolvency act; make an assignment
for the benefit of its creditors; commence a proceeding for the appointment of a receiver, trustee, liquidator or conservator of
itself of a whole or any substantial part of its property; file a petition or answer seeking reorganization or arrangement or similar
relief under the federal bankruptcy laws or any other applicable law or statute of the United States of America or any state;
or

		2.3	If a court of competent jurisdiction shall enter an order, judgment or decree appointing a custodian,
receiver, trustee, liquidator or conservator of the Borrower or of the whole or any substantial part of its properties, or approve
a petition filed against the Borrower seeking reorganization or arrangement or similar relief under the federal bankruptcy laws
or any other applicable law or statute of the United States of America or any state; or if, under the provisions of any other
law for the relief or aid of debtors, a court of competent jurisdiction shall assume custody or control of the Borrower or of the
whole or any substantial part of its properties; or if there is commenced against the Borrower any proceeding for any of the foregoing
relief and such proceeding or petition remains undismissed for a period of thirty (30) days; or if the Borrower by any act indicates
its consent to or approval of any such proceeding or petition; or

 

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		2.4	If (i) any judgment remaining unpaid, unstayed or undismissed for a period of sixty (60) days
is rendered against the Borrower which by itself or together with all other such judgments rendered against the Borrower remaining
unpaid, unstayed or undismissed for a period of sixty (60) days, is in excess of $100,000, or (ii) there is any attachment
or execution against the Borrower’s properties remaining unstayed or undismissed for a period of sixty (60) days which by
itself or together with all other attachments and executions against the Borrower’s properties remaining unstayed or undismissed
for a period of 60 days is for an amount in excess of $100,000.00.

 

		3.	Prepayment. Borrower may prepay any or all amounts due under this Note at any time
from the date of this Note at one hundred percent (100%) of the principal amount of the Note together with accrued interest; provided,
however, that Borrower, as a condition to prepayment of some or all of the balance hereof, shall deliver written notice of its
intention to prepay at least thirty (30) calendar days prior to the date of such prepayment (“Prepayment Date”).

 

		4.	Subordination. Indebtedness evidenced by the Note will be subordinated in right of
payment to the prior payment in full of all existing and future Senior Indebtedness of the Company. Senior Indebtedness is defined
as the principal of (and premium, if any) and unpaid interest or accrued original issue discount on and other amounts due on or
in connection with any Debt (as defined below) incurred, assumed or guaranteed by the Company, whether outstanding on the date
of the issuance of the Note or thereafter incurred, assumed or guaranteed and all renewals, extensions and refunding of any such
Debt; provided, however, that the following will not constitute Senior Indebtedness:

 

		(i)	any Debt as to which, in the instrument creating or evidencing the same or pursuant to which the
same is outstanding, it is expressly provided that such Debt is subordinate in right of payment to all other debt of the Company
not expressly subordinated to such Debt;

		(ii)	any Debt which by its terms refers explicitly to the Note and states that such Debt shall not be
senior in right of payment thereto;

		(iii)	any Debt of the Company in respect of the Note;

		(iv)	any Debt of the Company to any Subsidiary of the Company; and

		(v)	any Debt of the Company to any joint venture or partnership, which joint venture or partnership
is required, under generally accepted accounting principles, to be consolidated in the Company’s consolidated financial statements.

			Debt is defined to mean, with respect to any person at any date, without duplication:

		(i)	all obligations of such person for borrowed money,

		(ii)	all obligations of such person evidenced by bonds, debentures, note or other similar instruments,

 

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		(iii)	all Debt of others secured by a lien on any asset of such person, whether or not such Debt is assumed
by such person,

		(iv)	all Debt of others for the payment, of which such person is responsible or liable as obligor or
guarantor,

		(v)	all obligations of such person in respect of letters of credit or other similar instruments (or
reimbursement obligations with respect thereto),

		(vi)	all obligations of such person to pay the deferred purchase price of property or services, except
Trade Payables, and

		(vii)	all reimbursement, reserve funding and other obligations of such person in respect of surety bonds
executed by such person or at the request of and for the benefit of such person.

By reason of such subordination,
in the event of dissolution, insolvency, bankruptcy or other similar proceedings, upon any distribution of assets, (i) holders
of Senior Indebtedness will be entitled to be paid in full before payments may be made on the Note, and the Holder of the Note
will be required to pay over their share of such distribution to the holder of Senior Indebtedness until such Senior Indebtedness
is paid in full and (ii) creditors of the Company who are neither holders of Notes nor holders of Senior Indebtedness may
recover less, ratably, than holders of Senior Indebtedness and may recover more, ratably, than the Holder of the Note.

		5.	Notices. Any notice herein required or permitted to be given shall be in writing
and may be personally served, sent by United States Mail, certified, or by overnight delivery service. For the purposes hereof,
the address of the Holder and the address of the Company shall be as reflected hereinin the Subscription Agreement between the
Holder and the Company of even date herewith. Both the Holder and the Company may change the address for service by written notice
to the other as herein provided.

		6.	No Waiver Rights and Remedies Cumulative. No failure on the part of the Holder to
exercise, and no delay in exercising any right hereunder shall operate as a waiver thereof; nor shall any single or partial exercise
by the Holder of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The rights
and remedies herein provided are cumulative and not exclusive of any remedies or rights provided by law or by any other agreement
between the Borrower and the Holder.

		7.	Amendments. No amendment, modification or waiver of any provision of this Note nor
consent to any departure by the Holder therefrom, shall be effective unless the same shall be in writing and signed by the Holder
and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

		8.	Successors and Assigns. This Note shall be binding upon the Borrower and its successors
and assigns and the terms hereof shall inure to the benefit of the Holder and its successors and assigns, including subsequent
holders hereof.

		9.	Severability. The provisions of this Note are severable, and if any provision shall
be held invalid or unenforceable in whole or in part in any jurisdiction, then such invalidity or unenforceability shall not in
any manner affect such provision in any other jurisdiction or any other provision of this Note in any jurisdiction.

		10.	Waiver of Notice. The Borrower hereby waives presentment, demand for payment, notice
of protest and all other demands in connection with the delivery, acceptance, performance, default or enforcement of this Note.

		11.	Governing Law. This Note has been executed in and shall be governed by the laws of
the State of California.

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		12.	Note Holder is Not a Shareholder. No Holder of this Note, solely by virtue of the
ownership of this Note, shall be considered a shareholder of the Company for any purpose, nor shall anything in this Note be construed
to confer on any Holder of this Note any rights of a shareholder of the Company including, without limitation, any right to vote,
give or withhold consent to any corporate action, receive notice of meetings of shareholders or receive dividends.

 

		13.	Exchange and Replacement of Note. Upon surrender of this Note to the Borrower, the
Borrower shall execute and deliver, at its expense, one or more new Notes of such denominations and in such names, as requested
by the holder of the surrendered Note. Upon receipt of evidence satisfactory to the Company of the loss, theft, mutilation, or
destruction of any Note, the Borrower will make and deliver a new Note of like tenor at the request of the holder of such Note.

 

IN WITNESS
WHEREOF, the Company has caused this Note to be signed by its authorized officers as of the 15th day of May, 2015.

SIGNATURES

Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned, hereunto duly
authorized.

 

	 	YEW BIO-PHARM GROUP, INC.
	 	 
	 	By: 	/s/ Zhiguo Wang
	 	 	Zhiguo
Wang, President & CEO

 

 

4EX-4.1.1

 Exhibit 4.1.1 

CAPITAL ONE MULTI-ASSET EXECUTION TRUST 

as Issuer 
 and 

THE BANK OF NEW YORK MELLON 

as Indenture Trustee 
 CLASS A(2015-2) TERMS DOCUMENT 
 dated as of May 19, 2015 

TO 
 CARD SERIES INDENTURE
SUPPLEMENT 
 dated as of October 9, 2002, 

as amended by the First Amendment thereto dated as of March 1, 2008 

TO 
 ASSET POOL 1 SUPPLEMENT

 dated as of October 9, 2002, 

as amended by the First Amendment thereto dated as of March 1, 2008 

to 
 INDENTURE 

dated as of October 9, 2002, as amended and restated as of January 13, 2006, 

and as further amended by the First Amendment thereto dated as of March 1, 2008 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I
	  	 Definitions and Other Provisions of General Application
	  	 	1	  
			
	 Section 1.01.
	  	 Definitions
	  	 	1	  
	 Section 1.02.
	  	 Governing Law
	  	 	7	  
	 Section 1.03.
	  	 Counterparts
	  	 	7	  
	 Section 1.04.
	  	 Ratification of Indenture, Asset Pool 1 Supplement and Indenture Supplement
	  	 	7	  
			
	 ARTICLE II
	  	 The Class A(2015-2) Notes
	  	 	8	  
			
	 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.
	  	 [Reserved]
	  	 	9	  
	 Section 2.05.
	  	 Payments of Interest and Principal
	  	 	9	  
	 Section 2.06.
	  	 Form of Delivery of Class A(2015-2) Notes; Depository; Denominations
	  	 	9	  
	 Section 2.07.
	  	 Delivery and Payment for the Class A(2015-2) Notes
	  	 	9	  
	 Section 2.08.
	  	 Targeted Deposits to the Accumulation Reserve Account
	  	 	10	  

  
 i 

 THIS CLASS A(2015-2) 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 MELLON, a New York banking corporation, as Indenture Trustee (the “Indenture Trustee”), is made and
entered into as of May 19, 2015. 
 Pursuant to this Terms Document, the Issuer shall create a new tranche of Class A 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; 

  
 1 

	 	(7)	each capitalized term defined herein shall relate only to the Class A(2015-2) Notes and no other Tranche of Notes issued by the Issuer; and 

 

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

“Accumulation Period Amount” means $54,166,666.67; 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 A(2015-2) Notes
pursuant to Section 3.10(b) of the Indenture Supplement, (ii) the Monthly Period following the first Distribution Date following and including the April 2018 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 A(2015-2) Notes pursuant to Section 3.10(b) of the Indenture Supplement, (iii) the Monthly Period following the first Distribution Date following and including the
October 2018 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 A(2015-2) 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 December 2018 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 A(2015-2) 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 A(2015-2) Notes and (ii) the date on which the Class
A(2015-2) Notes are paid in full. 
 “Asset Pool 1 Supplement” means the Asset Pool
1 Supplement dated as of October 9, 2002, as amended by the First Amendment thereto, dated as of March 1, 2008, 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: 

  
 2 

 (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 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. 
 “Class
A(2015-2) Adverse Event” means the occurrence of any of the following: (a) an Early Redemption Event with respect to the Class A(2015-2) Notes or
(b) an Event of Default and acceleration of the Class A(2015-2) Notes. 
 “Class A(2015-2) Note” means any Note, substantially in the form set forth in Exhibit A-2 to the Indenture Supplement, designated therein as a Class A(2015-2) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class A(2015-2) Noteholder” means a Person in whose name a Class A(2015-2) Note is registered in the Note Register. 

“Class A(2015-2) Termination Date” means the earliest to occur of (a) the
Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2015-2) 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 

 “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 May 15, 2020. 

“Initial Dollar Principal Amount” means $650,000,000. 

“Indenture” means the Indenture dated as of October 9, 2002, as amended and restated as of January 13, 2006, and as
further amended by the First Amendment thereto, dated as of March 1, 2008, 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, as amended by the First
Amendment thereto, dated as of March 1, 2008, 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 June 2015, 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 May 19, 2015. 

“Legal Maturity Date” means March 15, 2023. 

“Maximum Subordination Amount of Class B Notes” means, for the Class A(2015-2) Notes
for any date of determination, an amount equal to the product of (a) Adjusted Outstanding Dollar Principal Amount of the Class A(2015-2) Notes on such date of determination and (b) the percentage
equivalent of a fraction, the numerator of which is 9 and the denominator of which is 79.00. 
 “Note Interest Rate” means
a rate per annum equal to 2.08%. 
 “Paying Agent” means The Bank of New York Mellon. 

“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: 

  
 4 

 (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 April 2018 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 day of the preceding Monthly Period. 

“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 A(2015-2) 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 B Notes” means, for
the Class A(2015-2) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class B Notes for such Class A(2015-2) Notes on such date of
determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2015-2) Notes on such date of determination; provided, however, that such an amount shall not
exceed the Maximum Subordination Amount of Class B Notes for the Class A(2015-2) Notes; provided further, however, that for any date of determination on or after the occurrence and during the
continuation of a Class A(2015-2) Adverse Event, the Required Subordinated 

  
 5 

 
Amount of Class B Notes for the Class A(2015-2) Notes will be the greater of (x) the amount determined above for such date of determination and
(y) the amount determined above for the date immediately prior to the date on which such Class A(2015-2) Adverse Event shall have occurred. 

“Required Subordinated Amount of Class C Notes” means, for the Class A(2015-2)
Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class C Notes for such Class A(2015-2) Notes on such date of determination and
(b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2015-2) Notes on such date of determination; 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 A(2015-2) Notes will not
be less than an amount equal to (i) 3.0% of the Initial Dollar Principal Amount of the Class A(2015-2) Notes, minus (ii) the Required Subordinated Amount of Class D Notes for the Class A(2015-2) Notes; provided further, however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2015-2)
Adverse Event, the Required Subordinated Amount of Class C Notes for the Class A(2015-2) 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 A(2015-2) 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 A(2015-2) Notes for any date of determination, an amount equal to the product of (a) the Required Subordinated Percentage of Class D Notes for such Class
A(2015-2) Notes on such date of determination and (b) the Adjusted Outstanding Dollar Principal Amount of such Class A(2015-2) Notes on such date of
determination; 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 A(2015-2) Notes will not be less than an amount equal to 1.2049% of the Initial Dollar Principal Amount of the Class A(2015-2) Notes, provided further,
however, that for any date of determination on or after the occurrence and during the continuation of a Class A(2015-2) Adverse Event, the Required Subordinated Amount of Class D Notes for the Class A(2015-2) 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 A(2015-2) 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 B Notes” means, for the Class A(2015-2) Notes, 11.3925%, subject to adjustment in accordance with Section 2.02. 

“Required Subordinated Percentage of Class C Notes” means, for the Class A(2015-2)
Notes, 11.3925%, subject to adjustment in accordance with Section 2.02. 
 “Required Subordinated Percentage of Class D
Notes” means, for the Class A(2015-2) Notes, 3.7975%, subject to adjustment in accordance with Section 2.02. 

“Stated Principal Amount” means $650,000,000 

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, 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 A(2015-2) Notes 

Section 2.01. Creation and Designation. There is hereby created a tranche of Card Series Class A 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 A(2015-2) Notes.” 

Section 2.02. Adjustments to Required Subordinated Percentages. 

(a) On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes or the Required Subordinated Percentage of Class
C Notes, in each case for the Class A(2015-2) Notes, without the consent of any Noteholders or any Note Rating Agencies, provided that, after giving effect to such change, (x) the sum of the Required
Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the Class A(2015-2) Notes after giving effect to such change is equal to or greater
than the sum of the Required Subordinated Percentage of Class B Notes and the Required Subordinated Percentage of Class C Notes, in each case, for the Class A(2015-2) Notes immediately prior to giving effect
to such change and (y) the Required Subordinated Amount of Class B Notes for the Class A(2015-2) Notes does not exceed the Maximum Subordinated Amount of Class B Notes. 

(b) On any date, the Issuer may change the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C
Notes or the Required Subordinated Percentage of Class D Notes, in each case for the Class A(2015-2) Notes, such that after giving effect to all changes to such percentages on such date the sum of the Required
Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes and the Required Subordinated Percentage of Class D Notes, in each case, for the Class A(2015-2) Notes after
giving effect to such change is less than the sum of the Required Subordinated Percentage of Class B Notes, the Required Subordinated Percentage of Class C Notes and the Required Subordinated Percentage of Class D Notes, in each case, for the Class A(2015-2) Notes immediately prior to giving effect to such change, without the consent of any Noteholders, 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 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 A(2015-2)
Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest Rate times (ii) the Outstanding Dollar Principal Amount of the Class A(2015-2) Notes determined as of the
Record Date preceding the related Distribution Date; provided, however, that for the first Interest Payment Date the amount of interest due is $976,444. Any interest on the Class A(2015-2) Notes
will be calculated on the basis of a 360-day year consisting of twelve 30-day months. 

  
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 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Distribution Date,
the Indenture Trustee shall deposit into the Class A(2015-2) Interest Funding sub-Account the portion of Card Series Finance Charge Amounts allocable to the Class A(2015-2) Notes. 
 Section 2.04. [Reserved]. 

Section 2.05. Payments of Interest and Principal. 

(a) Any installment of interest or principal, if any, payable on any Class A(2015-2) 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
A(2015-2) 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 A(2015-2) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class A(2015-2) Termination Date.

 Section 2.06. Form of Delivery of Class A(2015-2) Notes; Depository;
Denominations. 
 (a) The Class A(2015-2) Notes shall be delivered in the form of a global
Registered Note as provided in Sections 202 and 301(i) of the Indenture, respectively. 
 (b) The Depository for the Class A(2015-2) Notes shall be The Depository Trust Company, and the Class A(2015-2) Notes shall initially be registered in the name of Cede & Co., its nominee. 

(c) The Class A(2015-2) Notes will be issued in minimum denominations of $1,000 and integral multiples
of $1,000 in excess of that amount. 
 Section 2.07. Delivery and Payment for the Class
A(2015-2) Notes. The Issuer shall execute and deliver the Class A(2015-2) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver
the Class A(2015-2) Notes when authenticated, each in accordance with Section 303 of the Indenture. 

  
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 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. 
 [END OF ARTICLE II] 

  
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 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/ Diana Vasconez
			Name: Diana Vasconez
			Title: Attorney-in-fact
		
	By:		        /s/ Irene Siegel
			Name: Irene Siegel
			Title: Attorney-in-fact
	
	 THE BANK OF NEW YORK MELLON, as

Indenture Trustee and not in its individual capacity

		
	By:		        /s/ Leslie Morales
			Name: Leslie Morales
			Title: Vice President

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