Document:

FIRST AMENDMENT TO TRUST AGREEMENT
OF

GE CAPITAL CREDIT CARD MASTER NOTE TRUST

 

This FIRST AMENDMENT
TO TRUST AGREEMENT OF GE CAPITAL CREDIT CARD MASTER NOTE TRUST (this “Amendment”) is entered into as of January
[21], 2014 among RFS HOLDING, L.L.C. (“RFS Holding”) and BNY
Mellon Trust of Delaware, acting solely in it capacity as  trustee (the “Trustee”).

 

Capitalized terms used
herein and not otherwise defined herein shall have the meanings assigned to such terms in the Trust Agreement (defined below).

 

Background

 

A.         The
parties to this Amendment entered into a certain Trust Agreement, dated as of September 25, 2003 (the “Trust Agreement”),
with respect to a Delaware statutory trust known as GE Capital Credit Card Master Note Trust (the “Trust”).

 

B.          RFS
Holding and the Trustee desire to amend the Trust Agreement as set forth below.

 

Amendment and Agreement

 

1.          In
consideration of the mutual agreements, provisions and covenants contained in this Amendment and in the Trust Agreement, the parties,
intending to be legally bound, agree that the Trust Agreement is hereby amended by adding the following sentence at the end of
Section 3.2:

 

“To the extent that any
Holder receives a distribution or payment of Collections pursuant to the Indenture or any Indenture Supplement, and the Trust is
subsequently required pursuant to the terms of the Indenture or any Indenture Supplement to cause the Holders to deposit such funds
to the Collection Account, such Holder shall remit such funds to the Collection Account pursuant to the instructions of the Administrator
on behalf of the Trust; provided that, for the avoidance of doubt, the Trustee shall be under no obligation to make any determination
as to whether such instructions are necessary or to ensure the deposit of any such funds by any Holder. ”

 

2.          Upon
satisfaction of the condition set forth in Section 5 of this Amendment, this Amendment shall become part of the Trust Agreement
and each reference in the Trust Agreement to “this Agreement” or “hereof”, “hereunder” or words
of like import, and each reference in any other Related Document (as defined in the Trust Agreement) to the Trust Agreement shall
mean and be a reference to the Trust Agreement as amended hereby.

 

3.          This
Amendment shall be construed in accordance with 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.

 

    	 	 	Trust Agreement Amendment

    	 

    

 

4.          This
Amendment may be executed in any number of counterparts, each of which when so executed shall be deemed to be an original and all
of which when taken together shall constitute one and the same agreement.

 

5.          This
Amendment shall be deemed to be effective upon receipt by the Trustee of (i) counterparts of this Amendment, duly executed by the
Trustee and RFS Holding, (ii) evidence of satisfaction of the Rating Agency Condition and (iii) an Officer’s Certificate
of RFS Holding to the effect that this Amendment shall not adversely affect in any material respect the interests of the Holders
or Noteholders and conditions to this Amendment have been satisfied.

 

    	 	2	Trust Agreement Amendment

    	 

    

 

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

 

	 	RFS HOLDING, L.L.C.
	 	 
	 	By:	/s/ Andrew Lee
	 	Name: 	Andrew Lee
	 	Title: 	Vice President

 

    	 	S-1	Trust Agreement Amendment

    	 

    

 

	 	BNY MELLON TRUST OF DELAWARE,
	 	as Trustee
	 	 
	 	By:	/s/ Kristine K. Gullo
	 	Name:	Kristine K. Gullo
	 	Title:	Vice President

 

    	 	S-2	Trust Agreement AmendmentOMNIBUS SUPPLEMENT TO SPECIFIED INDENTURE
SUPPLEMENTS

 

THIS
OMNIBUS SUPPLEMENT TO SPECIFIED INDENTURE SUPPLEMENTS, dated as of January 21, 2014 (this “Omnibus Supplement”),
is between GE Capital Credit Card Master Note Trust, a Delaware statutory trust, as issuer (the “Issuer”) and
Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (the “Indenture Trustee”).

 

BACKGROUND

 

WHEREAS, the Issuer
and the Indenture Trustee are parties to a Master Indenture, dated as of September 25, 2003, as amended by the Omnibus Amendment
No. 1 to Securitization Documents, dated as of February 9, 2004, among RFS Holding, L.L.C., RFS Funding Trust, the Issuer, Deutsche
Bank Trust Company Delaware, as trustee of RFS Funding Trust, RFS Holding, Inc. and the Indenture Trustee, the Second Amendment
to Master Indenture, dated as of June 17, 2004, between the Issuer and the Indenture Trustee, the Third Amendment to Master Indenture,
dated as of August 31, 2006, between the Issuer and the Indenture Trustee, the Fourth Amendment to Master Indenture, dated as of
June 28, 2007, between the Issuer and the Indenture Trustee, the Fifth Amendment to Master Indenture, dated as of May 22, 2008,
between the Issuer and the Indenture Trustee, the Sixth Amendment to Master Indenture, dated as of August 7, 2009, between the
Issuer and the Indenture Trustee and the Seventh Amendment to Master Indenture, dated as of January 21, 2014, between the Issuer
and the Indenture Trustee (as amended, the “Master Indenture”), and the Omnibus Supplement to Specified Indentures,
dated August 20, 2012 (the “2012 Omnibus Amendment”), the Series 2009-4 Indenture Supplement, dated as of November
24, 2009 (as supplemented by the 2012 Omnibus Amendment, the “Series 2009-4 Indenture Supplement”), the Second
Amended and Restated Series 2009-VFN4 Indenture Supplement, dated as of March 25, 2013, the Series 2010-1 Indenture Supplement,
dated as of March 31, 2010 (as supplemented by Supplement Number 1 to the Series 2010-1 Indenture Supplement, dated as of November
27, 2012 and as further supplemented by the 2012 Omnibus Amendment, the “Series 2010-1 Indenture Supplement”),
the Series 2010-2 Indenture Supplement, dated as of April 7, 2010 (as supplemented by Supplement Number 1 to the Series 2010-2
Indenture Supplement, dated as of November 27, 2012, the “Series 2010-2 Indenture Supplement”), the Series 2010-VFN1
Indenture Supplement, dated as of July 1, 2010; the Series 2010-VFN2 Indenture Supplement, dated as of December 22, 2010, the Series
2011-2 Indenture Supplement, dated as of June 16, 2011 (as supplemented by the 2012 Omnibus Amendment the “Series 2011-2
Indenture Supplement”), the Series 2011-VFN1 Indenture Supplement, dated as of July 28, 2011, the Series 2011-VFN2 Indenture
Supplement, dated as of November 9, 2011, the Series 2011-VFN3 Indenture Supplement, dated as of December 19, 2011, the Series
2012-1 Indenture Supplement, dated as of January 25, 2012 (as supplemented by the 2012 Omnibus Amendment, the “Series
2012-1 Indenture Supplement”), the Series 2012-2 Indenture Supplement, dated as of February 2, 2012 (as supplemented
by the 2012 Omnibus Amendment, the “Series 2012-2 Indenture Supplement”), the Series 2012-3 Indenture Supplement,
dated as of April 18, 2012 (as supplemented by the 2012 Omnibus Amendment, the “Series 2012-3 Indenture Supplement”),
the Series 2012-4 Indenture Supplement, dated as of June 20, 2012 (as supplemented by the 2012 Omnibus Amendment, the “Series
2012-4 Indenture Supplement”), the Series 2012-5 Indenture Supplement, dated as of June 20, 2012 (as supplemented by
the 2012 Omnibus Amendment, the “Series 2012-5 Indenture Supplement”), the Series 2012-6 Indenture Supplement,
dated as of August 29, 2012 (the “Series 2012-6 Indenture Supplement”), the Series 2012-7 Indenture Supplement,
dated as of October 17, 2012 (the “Series 2012-7 Indenture Supplement”), the Series 2012-VFN1 Indenture Supplement,
dated as of July 16, 2012, and the Series 2013-1 Indenture Supplement, dated as of March 26, 2013 (the “Series 2013-1
Indenture Supplement”);

 

    	 

    	 

    

 

WHEREAS, the parties
hereto desire to amend the Series 2009-4 Indenture Supplement, the Series 2010-1 Indenture Supplement, the Series 2010-2 Indenture
Supplement, the Series 2011-2 Indenture Supplement, the Series 2012-1 Indenture Supplement, the Series 2012-2 Indenture Supplement,
the Series 2012-3 Indenture Supplement, the Series 2012-4 Indenture Supplement, the Series 2012-5 Indenture Supplement, the Series
2012-6 Indenture Supplement, the Series 2012-7 Indenture Supplement and the Series 2013-1 Indenture Supplement (collectively, the
“Specified Series Supplements”); and

 

WHEREAS, this Omnibus
Supplement is being entered into pursuant to Section 9.1(b) of the Master Indenture and Section 8.1 of each Specified Series Supplement,
and all conditions precedent to the execution of this Omnibus Supplement, as set forth in such Section 9.1(b) and each such Section
8.1, have been satisfied.

 

NOW, THEREFORE, in
consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

 

SECTION 1.  Definitions.
Capitalized terms defined in the Master Indenture and used but not otherwise defined herein have the meanings given to them
in the Master Indenture, and terms defined in a Specified Series Supplement and used but not otherwise defined herein or in
the Master Indenture have the meanings given to them in such Specified Series Supplement.

 

SECTION 2.  Amendments
to Specified Series Supplements.

 

(a)    Section
1.1(b) of each of the Specified Series Supplements shall be amended by:

 

 (i)          in
the further proviso of clause (b) of the definition of “Allocation Percentage” thereof, deleting the words “is
permitted to make” and substituting the word “makes” therefor;

 

 (ii)        
replacing the definition of “Investor Finance Charge Collections” with the following:

 

 ““Investor
Finance Charge Collections” means, for any Monthly Period, an amount equal to the aggregate amount of Finance Charge
Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(a) for all Dates of Processing
during such Monthly Period.”;

 

    	2

    	 

    

 

 (iii)        replacing
the definition of “Investor Principal Collections” with the following:

 

 ““Investor
Principal Collections” means, for any Monthly Period, (a) during the Revolving Period, amounts deposited by the holder(s)
of the Transferor Interest to the Collection Account in respect of Reallocated Principal Collections pursuant to Section 4.3(c),
and (b) during the Controlled Accumulation Period or the Early Amortization Period, an amount equal to the lesser of (i) the Required
Principal Deposit Amount for such Monthly Period and (ii) the aggregate amount of Principal Collections allocated to the Series
issued pursuant to this Indenture Supplement pursuant to Section 4.3(b) for all Dates of Processing during such Monthly Period;
provided that, for any Monthly Period in which the Early Amortization Period commences, the amount described in this clause (ii)
shall equal the sum of (x) the lesser of (A) the aggregate amount of Principal Collections allocated to the Series issued pursuant
to this Indenture Supplement pursuant to Section 4.3(b) for all Dates of Processing during any portion of the Monthly Period preceding
the date on which the Early Amortization Period commences and (B) the Required Principal Deposit Amount during the portion of such
Monthly Period preceding the date on which the Early Amortization Period commences, plus (y) the aggregate amount of Principal
Collections allocated to the Series issued pursuant to this Indenture Supplement pursuant to Section 4.3(b) for all Dates of Processing
during any portion of the Monthly Period on and after the commencement of the Early Amortization Period.”;

 

 (iv)        deleting
the definitions of “Percentage Allocation” and “Target Amount”; and

 

 (v)         adding
the following definitions in the appropriate alphabetical order:

 

 ““Required
Deposit Amount” means, with respect to the Series issued pursuant to this Indenture Supplement, for any Monthly Period,
the sum of (a) the Required Finance Charge Deposit Amount on such Date of Processing and (b) the Required Principal Deposit Amount
on such Date of Processing.”

 

 ““Required
Principal Deposit Amount” means, with respect to the Series issued pursuant to this Indenture Supplement, for any Monthly
Period, an amount equal to (a) during the Revolving Period, zero, (b) during the Controlled Accumulation Period, the Controlled
Deposit Amount for the related Payment Date, and (c) during the Early Amortization Period, the Note Principal Balance, minus any
amount already on deposit in the Principal Accumulation Account.”

 

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(b)    Section
1.1 of each of the Series 2009-4 Indenture Supplement, the Series 2010-1 Indenture Supplement, the Series 2010-2 Indenture Supplement,
the Series 2012-1 Indenture Supplement, the Series 2012-2 Indenture Supplement, the Series 2012-5 Indenture Supplement, the Series
2012-6 Indenture Supplement, the Series 2012-7 Indenture Supplement and the Series 2013-1 Indenture Supplement shall be amended
by adding the following definition in the appropriate alphabetical order:

 

 ““Required
Finance Charge Deposit Amount” means, with respect to the Series issued pursuant to this Indenture Supplement, for any
Monthly Period, the sum of (a) the fees payable to the Indenture Trustee, the Trustee and the Administrator on the related Payment
Date, (b) the Monthly Interest on the related Payment Date, (c) the Noteholder Servicing Fee, (d) if on such Date of Processing
the Free Equity Amount is less than the Minimum Free Equity Amount after giving effect to all transfers and deposits on that Date
of Processing, the Investor Default Amount and (e) any amount required to be deposited in the Reserve Account and the Spread Account
on the related Payment Date. To the extent any data needed to calculate the Required Finance Charge Deposit Amount is not available
on any Date of Processing, the Issuer shall use the corresponding data as most recently determined or other reasonable estimate
of such data until the required data is available (which shall be no later than the Transfer Date in the following Monthly Period).
Without limiting the foregoing, for purposes of determining the Investor Default Amount on any Date of Processing, the Investor
Default Amount shall be estimated based on the assumption that the Investor Default Amount for the current Monthly Period will
equal the Investor Default Amount for the prior Monthly Period multiplied by 1.25.”

 

(c)    Section
1.1 of each of the Series 2011-2 Indenture Supplement, the Series 2012-3 Supplement and the Series 2012-4 Supplement shall be amended
by adding the following definition in the appropriate alphabetical order:

 

    	4

    	 

    

 

 ““Required
Finance Charge Deposit Amount” means, with respect to the Series issued pursuant to this Indenture Supplement, for any
Monthly Period, the sum of (a) the fees payable to the Indenture Trustee, the Trustee and the Administrator on the related Payment
Date, (b) the Monthly Interest on the related Payment Date, (c) the Noteholder Servicing Fee, (d) if on such Date of Processing
the Free Equity Amount is less than the Minimum Free Equity Amount after giving effect to all transfers and deposits on that Date
of Processing, the Investor Default Amount and (e) any amount required to be deposited in the Reserve Account and the Spread Account
on the related Payment Date. To the extent any data needed to calculate the Required Finance Charge Deposit Amount is not available
on any Date of Processing, the Issuer shall use the corresponding data as most recently determined or other reasonable estimate
of such data until the required data is available (which shall be no later than the Transfer Date in the following Monthly Period).
Without limiting the foregoing, (x) for purposes of determining the Monthly Interest on any Date of Processing on which the applicable
LIBOR has not been determined, the applicable LIBOR shall be estimated based on the assumption that LIBOR will equal LIBOR as determined
on the LIBOR Determination Date for the current Interest Period multiplied by 1.25. and (y) for purposes of determining
the Investor Default Amount on any Date of Processing, the Investor Default Amount shall be estimated based on the assumption that
the Investor Default Amount for the current Monthly Period will equal the Investor Default Amount for the prior Monthly Period
multiplied by 1.25.”

 

(d)    Section
4.3 of each of the Specified Series Supplements shall be amended by deleting Section 4.3 thereof and replacing it with the following:

 

“SECTION
4.3. Calculations and Series Allocations.

 

(a)    Allocations
of Finance Charge Collections. On each Date of Processing, the Issuer shall allocate to the Noteholders of the Series issued
pursuant to this Indenture Supplement an amount equal to the product of (A) the Allocation Percentage and (B) the aggregate Finance
Charge Collections processed on such Date of Processing. On or prior to 12:00 noon, New York City time, on each Transfer Date,
the Issuer shall transfer from the Collection Account to the Finance Charge Account, an amount equal to the lesser of the Investor
Finance Charge Collections for the preceding Monthly Period and the Required Finance Charge Deposit Amount for the preceding Monthly
Period.

 

(b)    Allocations
of Principal Collections. On each Date of Processing, the Issuer shall allocate to the Noteholders of the Series issued pursuant
to this Indenture Supplement an amount equal to the product of (A) the Allocation Percentage and (B) the aggregate amount of Principal
Collections processed on such Date of Processing. Principal Collections allocated to the Series issued pursuant to this Indenture
Supplement in excess of the Investor Principal Collections shall be treated as Shared Principal Collections. On or prior to 12:00
noon, New York City time, on each Transfer Date, the Issuer shall transfer from the Collection Account to the Principal Account,
an amount equal to the Available Principal Collections to the extent such funds have not been deposited into the Principal Account
pursuant to Section 4.4(a) or any other provision of this Agreement.

 

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(c)    Calculations
and Additional Deposits on Transfer Date. With respect to each Monthly Period falling in the Revolving Period, to the extent
that Principal Collections allocated to the Noteholders of the Series issued pursuant to this Indenture Supplement pursuant to
Section 4.3(b) are paid to the holders(s) of the Transferor Interest, the Issuer shall cause the holder(s) of the Transferor
Interest to make an amount equal to the Reallocated Principal Collections for the related Transfer Date available on that Transfer
Date for application in accordance with Section 4.7. Notwithstanding the provisions of Section 8.4(a) of the Indenture
allowing Collections for any Monthly Period in excess of the Aggregate Required Deposit Amount for such Monthly Period to be distributed
to the holder(s) of the Transferor Interest, (1) “Reallocated Principal Collections” for the related Transfer
Date shall be calculated as if the full amount of Finance Charge Collections allocated to the Series issued pursuant to this Indenture
Supplement during that Monthly Period had been deposited in the Collection Account and applied as Available Finance Charge Collections
on the related Payment Date in accordance with Section 4.4(a) and (2) Collections of Finance Charge Receivables allocated
to the Series issued pursuant to this Indenture Supplement during that Monthly Period that were released to the holder(s) of the
Transferor Interest pursuant to Section 8.4(a) of the Indenture shall be deemed, for purposes of all calculations under this Indenture
Supplement, to have been applied as Available Finance Charge Collections to the items specified in Section 4.4(a) to which
such amounts would have been applied (and in the priority in which they would have been applied) had such amounts been available
in the Collection Account on the related Payment Date. To avoid doubt, the calculations referred to in clause (2) of the preceding
sentence include the calculations required by clause (b)(iv) of the definition of Collateral Amount. If on any Transfer
Date the Free Equity Amount is less than the Minimum Free Equity Amount after giving effect to all transfers and deposits on that
Transfer Date, the Issuer shall cause the holder(s) of the Transferor Interest, on that Transfer Date, to deposit into the Principal
Account funds in an amount equal to the amounts of Available Finance Charge Collections that are required to be treated as Available
Principal Collections pursuant to Sections 4.4(a)(vi), (vii) and (x) but are not available from funds in the Finance Charge
Account as a result of the release of Collections to the holder(s) of the Transferor Interest pursuant to Section 8.4(a) of the
Indenture.

 

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(d)    Notwithstanding
anything to the contrary contained in the Agreement, (i) funds required to be deposited into the Finance Charge Account or Principal
Account pursuant to this Indenture Supplement that would be subsequently transferred to the Distribution Account may instead be
directly deposited to the Distribution Account, and (ii) any funds required to be deposited into the Finance Charge Account or
Principal Account pursuant to this Indenture Supplement that would be subsequently transferred to the Issuer or the holder(s) of
the Transferor Interest shall not be required to be transferred to any Series Account and may be directly paid to the Issuer or
the holder(s) of the Transferor Interest pursuant to the priority of payments set forth in this Indenture Supplement.”

 

(e)    Section
4.4 of each of the Series 2009-4 Indenture Supplement, the Series 2010-1 Indenture Supplement and the Series 2010-2 Indenture Supplement
shall be amended by deleting the last sentence of clause (c)(iii) thereof and replacing it with the following:

 

“As of
any Payment Date during the Controlled Accumulation Period or Early Amortization Period on which Principal Collections allocated
to the Series issued pursuant to this Indenture Supplement are treated as Shared Principal Collections, the Collateral Amount shall
be reduced by an amount equal to the lesser of (x) the amount of Principal Collections allocated to the Series issued pursuant
to this Indenture Supplement that are applied as Shared Principal Collections and (y) the Surplus Collateral Amount.”

 

(f)     Section
4.4 of each of the Series 2011-2 Indenture Supplement, the Series 2012-1 Indenture Supplement, the Series 2012-2 Indenture Supplement,
the Series 2012-3 Indenture Supplement, the Series 2012-4 Indenture Supplement, the Series 2012-5 Indenture Supplement, the Series
2012-6 Indenture Supplement, the Series 2012-7 Indenture Supplement and the Series 2013-1 Indenture Supplement shall be amended
by deleting clause (f) thereof and replacing it with the following:

 

“(f)   As
of any Payment Date during the Controlled Accumulation Period or Early Amortization Period on which Principal Collections allocated
to the Series issued pursuant to this Indenture Supplement are treated as Shared Principal Collections, the Collateral Amount shall
be reduced by an amount equal to the lesser of (x) the amount of Principal Collections allocated to the Series issued pursuant
to this Indenture Supplement that are applied as Shared Principal Collections and (y) the Surplus Collateral Amount.”

 

(g)    Section
4.12(a) of each of the Series 2009-4 Indenture Supplement, the Series 2010-1 Indenture Supplement and the Series 2010-2 Indenture
Supplement shall be amended by deleting the phrase “the immediately preceding Transfer Date” and replacing it with
the phrase “the following Transfer Date”.

 

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SECTION 3. EFFECTIVENESS.
This Omnibus Supplement shall become effective as of the date first set forth above; provided that (i) each of the Indenture Trustee
and the Issuer shall have executed a counterpart of this Omnibus Supplement, (ii) the Rating Agency Condition shall have been satisfied,
and (iii) the Issuer shall have delivered to the Indenture Trustee (x) an Officer’s Certificate to the effect that all requirements
for such Omnibus Supplement contained in the Master Indenture have been met and the Issuer reasonably believes that such action
will not result in an Adverse Effect and (y) a Tax Opinion. The Issuer shall provide written notice to the Indenture Trustee upon
satisfaction of the conditions in the preceding sentence.

 

SECTION 4.  BINDING
EFFECT; RATIFICATION. (a) On and after the execution and delivery hereof, (i) the Specified Series Supplements, as supplemented
hereby, remain in full force and effect and (ii) any reference in any of the Specified Series Supplements to “this Agreement”,
“this Indenture Supplement”, “hereof”, “hereunder” or words of like import, and each reference
in any other Related Document to any Specified Series Supplement, shall mean and be a reference to the Specified Series Supplement
as amended hereby. (b) Except as expressly supplemented hereby, the Specified Series Supplements shall remain in full force and
effect and are hereby ratified and confirmed by the parties hereto.

 

SECTION 5.  NO
RECOURSE. It is expressly understood and agreed by the parties hereto that (a) this Omnibus Supplement is executed and delivered
by BNY Mellon Trust of Delaware, not individually or personally but solely as trustee of the Issuer, in the exercise of the powers
and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part
of the Issuer is made and intended not as personal representations, undertakings and agreements by BNY Mellon Trust of Delaware
but is made and intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating
any liability on BNY Mellon Trust of Delaware, individually or personally, to perform any covenant either expressed or implied
contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through
or under the parties hereto and (d) under no circumstances shall BNY Mellon Trust of Delaware be personally liable for the payment
of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty
or covenant made or undertaken by the Issuer under this Omnibus Supplement or any other related documents.

 

SECTION 6.  NO
PETITION. The Indenture Trustee covenants that it will not directly or indirectly institute or cause to be instituted against
the Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any Federal
or state bankruptcy law unless Noteholders of not less than 662⁄3% of the Outstanding Principal Amount of each Class of each
Series has approved such filing and it will not directly or indirectly institute or cause to be institute against the Transferor
any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding or other proceeding under any Federal or state
bankruptcy law in any instance; provided, that the foregoing shall not in anyway limit the Noteholders’ rights to
pursue any other creditor rights or remedies that the Noteholders may have for claims against the Issuer.

 

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SECTION 7.  MISCELLANEOUS.
(a) THIS OMNIBUS SUPPLEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION,
VALIDITY, AND PERFORMANCE, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW
YORK (WITHOUT REGARDING TO THE CONFLICT OF LAWS PROVISIONS THEREOF) AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA.

 

(b)    Headings
used herein are for convenience of reference only and shall not affect the meaning of this Omnibus Supplement.

 

(c)    This
Omnibus Supplement may be executed in any number of counterparts, and by the parties hereto on separate counterparts, each of which
shall be an original and all of which taken together shall constitute one and the same agreement. Executed counterparts may be
delivered electronically.

 

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IN WITNESS WHEREOF, the parties hereto have
caused this Omnibus Supplement to be duly executed as of the date first above written.

 

	 	GE CAPITAL CREDIT CARD MASTER NOTE 

TRUST,
	 	as Issuer
	 	 	 
	 	By:	BNY mellon trust of delaware,
	 	 	not in its individual capacity, but solely as
	 	 	Trustee on behalf of the Issuer
	 	 	 
	 	By:	/s/ Kristine K. Gullo
	 	Name:	Kristine K. Gullo
	 	Title:	Vice President

 

    	S-1

    	 

    

 

	 	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	 	not in its individual capacity,
	 	but solely as the Indenture Trustee
	 	 
	 	By:	/s/ Louis Bodi
	 	Name:	Louis Bodi
	 	Title:	Vice President
	 	 
	 	By:	/s/ Mark Esposito
	 	Name:	Mark Esposito
	 	Title:	Assistant Vice President

 

    	S-2

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