Document:

Exhibit 4.1

 Exhibit 4.1 
 CHASE ISSUANCE TRUST 
 as Issuing Entity 
 CLASS A(2008-1) TERMS DOCUMENT 
 dated as of January 28, 2008 
 to 
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
 to 
 THIRD AMENDED AND RESTATED 
 INDENTURE 
 dated as of December 19, 2007 
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE
	ARTICLE I Definitions and Other Provisions of General Application
			
	 Section 1.01
	  	 Definitions
	  	1
	 Section 1.02
	  	 Governing Law
	  	4
	 Section 1.03
	  	 Counterparts
	  	4
	 Section 1.04
	  	 Ratification of Indenture and Indenture Supplement
	  	4
	
	ARTICLE II The Class A(2008-1) Notes
			
	 Section 2.01
	  	 Creation and Designation
	  	5
	 Section 2.02
	  	 Specification of Required Subordinated Amount and Other Terms
	  	5
	 Section 2.03
	  	 Interest Payment
	  	6
	 Section 2.04
	  	 Calculation Agent; Determination of LIBOR
	  	6
	 Section 2.05
	  	 Payments of Interest and Principal
	  	7
	 Section 2.06
	  	 Form of Delivery of Class A(2008-1) Notes; Depository; Denominations.
	  	7
	 Section 2.07
	  	 Delivery and Payment for the Class A(2008-1) Notes
	  	8
	 Section 2.08
	  	 Supplemental Indenture
	  	8

 THIS CLASS A(2008-1) TERMS DOCUMENT (this “Terms Document”), among the CHASE ISSUANCE TRUST, a
statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), having its principal office at c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and as collateral agent (the “Collateral Agent”), is made and entered into as of January 28, 2008. 
 Pursuant to this Terms Document, the Issuing Entity and the Indenture Trustee shall create a new Tranche of CHASEseries 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 Indenture or the Asset Pool Supplement, either directly or by reference therein, have the meanings assigned to them therein; 
 (3) as used in this Terms Document and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in
this Terms Document or in any such certificate or other document, and accounting terms partly defined in this Terms Document or in any such certificate or other document to the extent not defined, shall have the respective meanings given to them
under GAAP. To the extent that the definitions of accounting terms in this Terms Document or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions contained in this Terms Document or
in any such certificate or other document shall control; 
 (4) the words “hereof,” “herein,” “hereunder” and
words of similar import when used in this Terms Document shall refer to this Terms Document as a whole and not to any particular provision of this Terms Document; references to any subsection, Section, clause, Schedule or Exhibit are references to
subsections, Sections, clauses, Schedules and Exhibits in or to this Terms Document unless otherwise specified; the term “including” means “including without limitation”; references to any law or regulation refer to that law or
regulation as amended from time to time and include any successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such agreement, as amended, supplemented or
otherwise modified from time to time; 

 (5) 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 Indenture or the Asset Pool Supplement, the terms and provisions of this Terms Document shall be controlling; and 
 (6) each capitalized term defined herein shall relate only to the Class A(2008-1) Notes and no other Tranche of CHASEseries Notes issued by the Issuing
Entity. 
 “Asset Pool Supplement” means the Second Amended and Restated Asset Pool One Supplement to the Indenture, dated
as of December 19, 2007, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Beneficiary” means Chase Bank USA, National Association, in its capacity as beneficial owner of the Issuing Entity. 
 “Calculation Agent” is defined in Section 2.04(a). 
 “Class A(2008-1) Adverse Event” means
the occurrence of any of the following: (a) an Early Amortization Event with respect to the Class A(2008-1) Notes, (b) an Event of Default and acceleration of the Class A(2008-1) Notes, (c) the Class A Usage of the Class B
Required Subordinated Amount for the Class A(2008-1) Notes becomes greater than zero or (d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2008-1) Notes becomes greater than zero. 
 “Class A(2008-1) Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated
therein as a Class A(2008-1) Note and duly executed and authenticated in accordance with the Indenture. 
 “Class A(2008-1)
Noteholder” means a Person in whose name a Class A(2008-1) Note is registered in the Note Register. 
 “Class A(2008-1)
Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2008-1) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on
which the Indenture is discharged and satisfied pursuant to Article V thereof. 
 “Class A Required Subordinated Amount of Class B
Notes” is defined in Section 2.02(a). 
 “Class A Required Subordinated Amount of Class C Notes” is defined in
Section 2.02(b). 
 “Controlled Accumulation Amount” means $233,333,333.34; provided, however, if the
Accumulation Period Length is determined to be less than twelve months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to the Class A(2008-1) Notes will be
the 

  

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amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 
 “Indenture” means the Third Amended and Restated Indenture, dated as of December 19, 2007, between the Issuing Entity and the
Indenture Trustee. 
 “Indenture Supplement” means the Amended and Restated CHASEseries Indenture Supplement, dated as of
October 15, 2004, among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 
 “Initial Dollar Principal
Amount” means $2,800,000,000. 
 “Interest Payment Date” means February 15, 2008 and the 15th day of each
month thereafter, or if such 15th 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) to but excluding such Interest Payment Date.

 “Issuance Date” means January 28, 2008. 
 “Legal Maturity Date” means January 17, 2012. 
 “LIBOR” means, for any Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the Calculation Agent on the LIBOR Determination Date for each
Interest Period in accordance with the provisions of Section 2.04. 
 “LIBOR Determination Date” means
(1) January 24, 2008 for the period from and including the Issuance Date through but excluding February 15, 2008 and (2) for each Interest Period thereafter, the second London Business Day prior to the commencement of the second
and each subsequent Interest Period. 
 “London Business Day” means any Business Day on which dealings in deposits in United
States Dollars are transacted in the London interbank market. 
 “Note Interest Rate” means a rate per annum equal to 0.45%
in excess of LIBOR, as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
 “Paying Agent” means Wells Fargo Bank, National Association. 
 “Predecessor Note” means, with
respect to any particular Note, every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 3.06 of the
Indenture in lieu of a mutilated, lost, destroyed or 

  

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stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
 “Record Date” means, for any Note Transfer Date, the last Business Day of the preceding Monthly Period. 
 “Reference Banks” means four major banks in the London interbank market selected by the Beneficiary. 
 “Reuters Screen LIBOR01 Page” means the display page so designated on the Reuters Monitor Money Rates (or such other page as may replace
that page on that service, or such other service as may be nominated as the information vendor, for the purposes of displaying rates comparable to LIBOR). 
 “Scheduled Principal Payment Date” means January 15, 2010. 
 “Stated Principal
Amount” means $2,800,000,000. 
 Section 1.02 Governing Law THIS TERMS DOCUMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF 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. 
 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
and Indenture Supplement As supplemented by this Terms Document, each of the Indenture, the Asset Pool Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool
Supplement and the Indenture Supplement as so supplemented by this Terms Document shall be read, taken and construed as one and the same instrument. 
 [END OF ARTICLE I] 
  

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 ARTICLE II 
 The Class A(2008-1) Notes 
 Section 2.01 Creation and Designation There is hereby created a Tranche
of CHASEseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known as the “CHASEseries Class A(2008-1) Notes.” 
 Section 2.02 Specification of Required Subordinated Amount and Other Terms 
 (a) For the Class
A(2008-1) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to 6.49718% of (i) prior to the occurrence of a Class A(2008-1) Adverse Event, the Adjusted Outstanding Dollar
Principal Amount of the Class A(2008-1) Notes on such date of determination or (ii) on and after the date on which a Class A(2008-1) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of
the Class A(2008-1) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-1) Notes as of the close of business on the day immediately preceding the date on which such Class A(2008-1)
Adverse Event shall have occurred. 
 (b) For the Class A(2008-1) Notes for any date of determination, the Class A Required Subordinated
Amount of Class C Notes will be an amount equal to 6.49718% of (i) prior to the occurrence of a Class A(2008-1) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-1) Notes on such date or (ii) on and after
the date on which a Class A(2008-1) Adverse Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2008-1) Notes on such date of determination and (2) Adjusted Outstanding Dollar
Principal Amount of the Class A(2008-1) Notes as of the close of business on the day immediately preceding the date on which such Class A(2008-1) Adverse Event shall have occurred. 
 (c) The Issuing Entity may change the percentages or the formulas set forth in either clause (a) or (b) above without the consent of any
Noteholder so long as the Issuing Entity has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Notes that the change in either of such percentages or formulas, as applicable, 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 and an Issuing Entity Tax Opinion. 
  

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 Section 2.03 Interest Payment 
 (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2008-1) Notes shall be an amount equal to the product of
(i) (A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times, (B) the Note Interest Rate in effect with respect to the related Interest
Period, times, (ii) the Outstanding Dollar Principal Amount of the Class A(2008-1) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class A(2008-1) Notes;
provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2008-1) Notes shall be an amount equal to the product of (x) the Outstanding Dollar Principal Amount of the Class
A(2008-1) Notes on the Issuance Date, (y) 18 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class A(2008-1) Notes determined on January 24, 2008. Interest on the Class A(2008-1) Notes will be calculated on
the basis of the actual number of days elapsed and a 360-day year. 
 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each
Note Transfer Date with respect to the Class A(2008-1) Notes, the Indenture Trustee shall deposit into the Class A(2008-1) Interest Funding Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class A(2008-1)
Notes. 
 Section 2.04 Calculation Agent; Determination of LIBOR 
 (a) The Issuing Entity hereby agrees that for so long as any Class A(2008-1) Notes are Outstanding, there shall at all times be an agent appointed to
calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuing Entity hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of determining LIBOR for each Interest Period. The Calculation
Agent may be removed by the Issuing Entity at any time. If the Calculation Agent is unable or unwilling to act as such or is removed by the Issuing Entity, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuing
Entity shall promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuing Entity or its Affiliates. The Calculation Agent may not resign its duties, and the Issuing Entity
may not remove the Calculation Agent, without a successor having been duly appointed. 
 (b) On each LIBOR Determination Date, the
Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Reuters Screen LIBOR01 Page or on such comparable system as is customarily used to quote LIBOR as of 11:00
a.m., London time, on such date. If such rate does not appear on Reuters Screen LIBOR01 Page or on a comparable system as is customarily used to quote LIBOR the rate for that LIBOR Determination Date shall be determined on the basis of the rates at
which deposits in 

  

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United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market
for a one-month period. The Calculation Agent shall request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall
be the arithmetic mean of the quotations. If fewer than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the
Beneficiary, at approximately 11:00 a.m., New York City time, on that day for loans in United States dollars to leading European banks for a one-month period. 
 (c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office at (612) 667-8058 or
such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time. 
 (d) On each LIBOR Determination Date, the Calculation Agent shall send to the Indenture Trustee and the Beneficiary, via email or by facsimile
transmission, notification of LIBOR for the following Interest Period. 
 Section 2.05 Payments of Interest and Principal 

(a) Any installment of interest or principal payable on any Class A(2008-1) Note which is punctually paid or duly provided for by the Issuing Entity
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(2008-1) Note (or one or more Predecessor Notes) is registered on the Record Date,
by wire transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the
date of payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the
Record Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately available funds to the account designated by such nominee. 
 (b) The right of the Class A(2008-1) Noteholders to receive payments from the Issuing Entity will terminate on the first Business Day following the Class
A(2008-1) Termination Date. 
 Section 2.06 Form of Delivery of Class A(2008-1) Notes; Depository; Denominations. 
 (a) The Class A(2008-1) Notes shall be delivered in the form of a global Registered Note as provided in Sections 2.02 and 3.01(i) of the Indenture,
respectively. 
  

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 (b) The Depository for the Class A(2008-1) Notes shall be The Depository Trust Company, and the Class
A(2008-1) Notes shall initially be registered in the name of Cede & Co., its nominee. 
 (c) The Class A(2008-1) Notes will be
issued in minimum denominations of $100,000 and integral multiples of $1,000 in excess of $100,000. 
 Section 2.07 Delivery and Payment
for the Class A(2008-1) Notes 
 The Issuing Entity shall execute and deliver the Class A(2008-1) Notes to the Indenture Trustee for
authentication, and the Indenture Trustee shall deliver the Class A(2008-1) Notes when authenticated, each in accordance with Section 3.03 of the Indenture. 
 Section 2.08 Supplemental Indenture 
 The Issuing Entity may enter into a supplemental indenture with
respect to the Class A(2008-1) Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit enhancement for the Class A(2008-1) Notes
shall, in addition to the requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such change in credit enhancement will not
result in a Ratings Effect with respect to any Outstanding Notes of the CHASEseries. 
 [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. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	CHASE BANK USA, NATIONAL ASSOCIATION,
		 	as Beneficiary and not in its individual capacity
		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,
 as
Indenture Trustee and Collateral Agent

		
	By:	 	 /s/ Cheryl C. Zimmerman

	Name:	 	Cheryl C. Zimmerman
	Title:	 	Assistant Vice President

 Chase Issuance Trust 
 CHASEseries Class A(2008-1) Terms Document 
 Signature PageForm of Aircraft Time-Sharing Agreement

 Exhibit 10.1 
 FORM OF 
 AIRCRAFT TIME-SHARING AGREEMENT 
 THIS AIRCRAFT TIME-SHARING AGREEMENT (this “Agreement”) is made effective as of January     , 2008 (the “Effective
Date”), by and between FORTUNE BRANDS, INC., a Delaware corporation, and its subsidiaries (“Owner”) and
                                        ,
an individual (“Lessee”), who together are sometimes also referred to herein individually as a “Party” or collectively as “Parties.” 
 RECITALS 
 A. WHEREAS, Owner is the owner of the aircraft identified in Appendix A, attached
hereto (the “Aircraft”); 
 B. WHEREAS, Owner has contracted for a fully qualified flight crew to operate the Aircraft; and

 C. WHEREAS, Lessee desires to lease the Aircraft and flight crew from Owner on a time-sharing basis, as defined in
Section 91.501(c)(1) of the Federal Aviation Regulations (“FAR”); 
 NOW, THEREFORE, for and in consideration of the
mutual covenants contained herein, Owner and Lessee agree as follows: 
 1. LEASE OF AIRCRAFT. Owner agrees to lease the Aircraft to Lessee from time
to time as mutually agreed between the Parties pursuant to the provisions of FAR 91.501(c)(1) and to provide a fully qualified flight crew for all operations for the term of this Agreement. 
 2. REIMBURSEMENT OF EXPENSES. Lessee shall pay Owner for each flight conducted under this Agreement an amount equal to the expenses of such flight, provided,
however, that such cost shall in no event exceed the sum of the following operating expenses authorized by FAR Part 91.501(d); 
 (a)
Fuel, oil, lubricants, and other additives; 
 (b) Travel expenses of the crew, including food, lodging and ground transportation; 

(c) Hangar and tie down costs away from the Aircraft’s base of operation; 
 (d) Insurance obtained for the specific flight; 
 (e) Landing fees, airport taxes and similar assessments including, but not limited to IRC Section 4261 and related excise taxes; 
 (f) Customs, foreign permit, and similar fees directly related to the flight; 

 (g) In-flight food and beverages; 
 (h) Passenger ground transportation; and 
 (i)
Flight planning and weather contract services. 
 3. INVOICING FOR FLIGHTS. Owner shall pay all expenses related to the operation of the Aircraft in
the ordinary course of business, and will provide an invoice to Lessee setting forth the cost of each flight taken by Lessee which costs shall not exceed (a) the sum of actual flight expenses set forth in Section 2 or (b) the amount
permitted under FAR 91.501(d). Lessee shall pay Owner for the total expenses set forth on each such invoice within ninety (90) days of receipt of such invoice. 
 4. TAXES. The parties acknowledge that reimbursement of all items specified in Section 2, except for subsections (g) and (h) thereof, are subject to the federal excise tax and Lessee shall pay to
Owner (for payment to the appropriate governmental agency) any such taxes applicable to flights of the Aircraft conducted hereunder. 
 5. FLIGHT
REQUESTS. Lessee will provide Owner with requests for flight time and proposed flight schedules as far in advance of any given flight as is reasonably possible. Requests for flight time shall be in a form, whether written or oral, mutually
convenient to, and agreed upon by the parties. In addition to the proposed schedules and flight times, Lessee shall provide at least the following information for each proposed flight at some time prior to scheduled departure as required by the
Owner or Owner’s flight crew: 
 (a) proposed departure point; 
 (b) destination; 
 (c) date and time of
flight; 
 (d) the number of anticipated passengers; 
 (e) the nature and extent of luggage and/or cargo to be carried; 
 (f) the date and time of return flight, if
any; and 
 (g) any other information concerning the proposed flight that may be pertinent or required by Owner or Owner’s flight crew.

 6. SCHEDULING FLIGHTS. Owner shall have final authority over the scheduling of the Aircraft, provided, however, that Owner will use its best
efforts to accommodate Lessee’s needs and to avoid conflicts in scheduling. 
  

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 7. MAINTENANCE OF AIRCRAFT. Owner shall be solely responsible for securing maintenance, preventive maintenance and
all required or otherwise necessary inspections on the Aircraft, and shall take such requirements into account in scheduling the Aircraft. No period of maintenance, preventative maintenance or inspection shall be delayed or postponed for the purpose
of scheduling the Aircraft, unless said maintenance or inspection can be safely conducted at a later time in compliance with all applicable laws and regulations, and within the sound discretion of the pilot in command. The pilot in command shall
have final and complete authority to cancel any flight for any reason or condition that in his or her judgment would compromise the safety of the flight. 
 8. OPERATIONAL CONTROL. “Operational Control” as defined in 14 C.F.R. Paragraph 1.1 and for the purposes of this Agreement, with respect to a flight, means the exercise of authority over initiating, conducting, or
terminating a flight. Owner shall have operational control of the Aircraft, which shall include, without limitation, providing the flight crew, selecting the Pilot-in-Command and all other physical and technical operations of the Aircraft.

 9. FLIGHT CREW. Owner shall employ or contract with others to employ, pay for and provide to Lessee a qualified flight crew for each flight
undertaken under this Agreement. 
 10. SAFETY OF FLIGHTS. In accordance with applicable FAR, the qualified flight crew provided by Owner will
exercise all of its duties and responsibilities in regard to the safety of each flight conducted hereunder. Lessee specifically agrees that the flight crew, in its sole discretion, may terminate any flight, refuse to commence any flight, or take
other action that in the considered judgment of the pilot in command is necessitated by considerations of safety. No such action of the pilot in command shall create or support any liability for loss, injury, damage or delay to Lessee or any other
person. The parties further agree that Owner shall not be liable for delay or failure to furnish the Aircraft and crew pursuant to this Agreement when such failure is caused by government regulation or authority, mechanical difficulty, war, civil
commotion, strikes or labor disputes, weather conditions, or acts of God. 
 11. TITLE. Legal title to the Aircraft shall remain in the Owner at all
times. 
 12. HULL AND LIABILITY INSURANCE. Owner hereby agrees to arrange for and maintain at all time during the term of this Agreement at its
expense (a) aircraft liability insurance for the Aircraft in the form and substance and with such insurers as is customary for corporate aircraft of the type similar to the Aircraft, but in any event with limits of not less than Three Hundred
Million Dollars ($300,000,000) single limit and shall cause Lessee to be named as an additional insured thereunder and (b) aircraft hull insurance for the Aircraft with limits of not less than the then current fair market value of the Aircraft.
A certificate of insurance shall be furnished to Lessee upon request after the execution of this Agreement and prior to flights being undertaken under this Agreement. In addition, Owner shall provide Lessee with advance written notice prior to
amending or terminating any insurance on the Aircraft. 
 13. ADDITIONAL INSURANCE. Owner will provide such additional insurance coverage as Lessee
shall reasonably request or require, provided, however, that the cost of such additional insurance, if any, shall be borne by Lessee as set forth in Section 2(d) hereof. 
  

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 14. REPRESENTATIONS OF OWNER. Owner represents and warrants that: 
 (a) It has the absolute and unrestricted right, power and authority to enter into and perform its obligations under this Agreement, and the execution and
delivery of this Agreement by Owner have been duly authorized by all necessary action on the part of Owner. This Agreement constitutes a legal, valid and binding obligation of Owner, enforceable in accordance with its terms; 
 (b) Fortune Brands, Inc. is a corporation duly organized, existing and in good standing under the laws of the State of Delaware, and Owner has all
necessary power and authority under applicable law and its organizational documents to own or lease its properties and to carry on its business as presently conducted; 
 (c) It is a “citizen of the “United States” as defined in Section 40102(a)(15) of Title 49, United States Code. 
 (d) It will abide by all laws, orders, rules, and regulations in effect and relating to the operation or use of the Aircraft under a time sharing arrangement. 
 15. REPRESENTATIONS OF LESSEE. Lessee represents and warrants that: 
 (a) He will use the Aircraft for his own account, including the carriage of his guests, and will not use the Aircraft for the purpose of providing transportation of passengers or cargo in air commerce for compensation
or hire; 
 (b) He shall not permit any lien security interest or other encumbrance in connection with inspection, preventative maintenance,
maintenance or storage of the Aircraft, whether permissible or impermissible under this Agreement, nor shall there be any attempt by any party hereto to convey, mortgage, assign, lease or any way alienate the Aircraft or create any kind of lien or
security interest involving the Aircraft, or do anything or take any action that might mature into such a lien; and 
 (c) During the term of
this Agreement, he will abide by and conform to all such laws, governmental and airport orders, rules and regulations, as shall from time to time be in effect relating in any way to the operation and use of the Aircraft by a time-sharing Lessee.

 16. LIMITATION OF LIABILITY; INDEMNIFICATION. Each party to this Agreement agrees to indemnify and hold harmless the other party and its respective
officers, directors, partners, employees, shareholders, and affiliates from any claim, damage, loss, or reasonable expense, including reasonable attorney’s fees resulting from the bodily injury or property damage caused by an occurrence and
arising out of the ownership, maintenance, or use of the Aircraft which results from the gross negligence or willful misconduct of such party, provided that neither party shall be liable for any such loss to the extent such loss: (a) is
covered by the insurance policies described in Sections 12 and 13; (b) is covered by such policies but the 

  

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amount of such loss exceeds the policy limits; or (c) consists of expense incurred in connection with any loss covered, in whole or in part, by such
policies but such expenses are not payable under such policies. 
 EACH PARTY AGREES THAT (A) THE PROCEEDS OF INSURANCE TO WHICH IT IS ENTITLED,
(B) ITS RIGHTS TO INDEMNIFICATION FROM THE OTHER PARTY UNDER THIS SECTION, AND (C) ITS RIGHT TO DIRECT DAMAGES ARISING IN CONTRACT FROM A MATERIAL BREACH OF THE OTHER PARTY’S OBLIGATIONS UNDER THIS AGREEMENT ARE THE SOLE REMEDIES FOR
ANY DAMAGE, LOSS, OR EXPENSE ARISING OUT OF THIS AGREEMENT OR THE SERVICES PROVIDED HEREUNDER OR CONTEMPLATED HEREBY. EXCEPT AS SET FORTH IN THIS SECTION, EACH PARTY WAIVES ANY RIGHT TO RECOVER ANY DAMAGE, LOSS, OR EXPENSE ARISING OUT OF THIS
AGREEMENT OR THE SERVICES PROVIDED HEREUNDER OR CONTEMPLATED HEREBY. IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR OR HAVE ANY DUTY FOR INDEMNIFICATION OR CONTRIBUTION TO THE OTHER PARTY FOR ANY CLAIMED INDIRECT, SPECIAL, CONSEQUENTIAL, OR PUNITIVE
DAMAGES, OR FOR ANY DAMAGES CONSISTING OF DAMAGES FOR LOSS OF USE OR DEPRECIATION OF VALUE OF THE AIRCRAFT, LOSS OF PROFIT OR INSURANCE DEDUCTIBLE. 
 17.
TERM AND TERMINATION. This Agreement shall be and continue in effect for a period of one (1) year from the Effective Date of this Agreement, and thereafter shall be automatically renewed for successive periods of one (1) year each,
unless and until either party gives the other party at least thirty (30) days prior written notice of termination. 
 18. NOTICES 
  

									
	If to Lessee:	  	  
	  		  		  	
		  	 Fortune Brands, Inc.
 520 Lake Cook Road
 Deerfield, IL 60015
	  		  		  	
					
	If to Owner:	  	 Fortune Brands, Inc.
 520 Lake Cook Road
 Deerfield, IL 60015
	  		  		  	

 19. NO ASSIGNMENT. Neither this Agreement nor any party’s interest herein shall be assignable to any
other party whatsoever. This Agreement shall inure to the benefit of and be binding upon the parties hereto, their heirs, representatives and successors. 
 20. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of Illinois. 
  

 5 

 21. SEVERABILITY. If any provision of this Agreement is held to be illegal, invalid or unenforceable, the
legality, validity and enforceability of the remaining provisions shall not be affected or impaired. 
 22. AMENDMENT OR MODIFICATION. This Agreement
constitutes the entire agreement between the Parties with respect to the subject matter hereof and is not intended to confer upon any person or entity any rights or remedies hereunder which are not expressly granted herein. This Agreement may be
amended or modified only in writing duly executed by the Parties hereto. 
 IN WITNESS WHEREOF, the parties have executed this Time-Sharing Agreement.

  

					
	LESSEE:	 		 	
			
	  
	 		 	
			
	  
	 		 	
			
	OWNER:	 		 	
			
	Fortune Brands, Inc.	 		 	
			
	  
	 		 	

  

 6

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