Document:

EX-10.16

 Exhibit 10.16 
 EXA CORPORATION 
 November 7, 2013 

Edmond L. Furlong 
 172 Valley Road 

Needham, MA 02492 
 Dear Ed: 

As we have discussed, the purpose of this letter agreement (the “Agreement”) is to confirm the terms
regarding your transition services and separation of employment from Exa Corporation (the “Company”). As more fully set forth below, the Company desires to provide you with the opportunity to transition from the Company in exchange
for certain agreements by you, contingent upon your execution and non-revocation of this Agreement. This Agreement shall become effective (the “Effective Date”) on the eighth (8th) day following your acceptance of it as provided below. 

1.        Transition Arrangement and Separation of Employment. You hereby resign
your employment with the Company, effective on March 31, 2014 (the “Separation Date”). During the period of continued employment between the Effective Date of this Letter Agreement and the Separation Date (the “Transition
Period”), you will be employed in a transition capacity for the Company, focusing your attention and best efforts, among your other responsibilities, on transitioning your duties to selected Company personnel and overseeing the signing off of
the Company’s third quarter Form 10-Q filing (“Form 10-Q”)and the Company’s Form 10-K (the “Transition Services”). During the Transition Period, you will continue to be paid at the annual rate of $245,000.00 and you
will continue to participate in the Company’s benefit plans under the same terms and conditions as you currently are participating. Your last day in your current role as Chief Financial Officer and Chief Operating Officer and as an officer or
Director of any subsidiary of the Company will be the Separation Date. On the Separation Date, you will receive your regular pay plus the value of your unused PTO/vacation earned through that date. You acknowledge that from and after the Separation
Date, you will have no authority and will not represent yourself as an employee, officer or agent of the Company. 

2.        Bonus Payment. On December 13, 2013, you will be paid an amount
equivalent to your Fiscal 2014 target bonus in the amount of $220,500.00, less applicable withholdings. 

3.        Separation Payment. In exchange for the transition services to be
provided by you and the other mutual covenants set forth in this Agreement, on the Separation Date, you will receive a lump sum payment from the Company in the amount of $122,500, less applicable withholdings. 

4.        Equity. Pursuant to the terms of a Stock Option Award Agreement between
the Company and you dated July 1, 2005, (the “2005 Option”), your option to purchase 230,769 shares of the Company’s Common Stock (the “Shares”) is vested fully as of the date hereof. Pursuant to the terms of a
[Stock Option Award Agreement] between the Company and you dated July 19, 2011 (the “2011 Option” and together with the 2005 Option, the “Options”), you were granted the option to purchase up

 
to 23,076 Shares, of which 577 are vested as of the date hereof. The 2011 Option will continue to vest in accordance with its terms through the Separation Date. Except as set forth herein,
the 2005 Option and the 2011 Option will continue to be governed by and subject to the terms of the respective award agreements and, with respect to the 2005 Option, the Company’s 2005 Series G Convertible Preferred Stock Incentive Plan, and,
with respect to the 2011 Option, the Company’s 2007 Stock Incentive Plan. For the avoidance of doubt, you have until the 60th day following the Separation Date to exercise the 2005 Option and until the 90th day following the Separation Date to exercise the 2011
Option.
 5.         Covenants by You. You expressly acknowledge and agree
to the following: 
 (a)        that no later than the Separation Date, you will return
to the Company, and will not retain, any and all Company files, documents and other confidential information (and any copies thereof in any form or media) and property, including without limitation, any cell phone, computer, hand-held computer
device, keys, key cards and vehicles; 
 (b)        that you reaffirm and will abide by
the Agreement Regarding Intellectual Property and Proprietary Information (the “NDA”) signed by you on                 , and attached hereto as
Exhibit A, and that you will abide by any and all common law and/or statutory obligations relating to protection and non-disclosure of the Company’s trade secrets and/or confidential and proprietary documents and information; and

 (c)        that all of the Company’s rights under this Agreement will inure to
the benefit of the Company’s successors and assigns. 

6.        Nondisparagement. We agree that neither party (including, in the case of
the Company, its officers or directors) will make any statements that are professionally or personally disparaging about, or adverse to, the interests of the other party and will not engage in any conduct which is intended to harm, professionally or
personally, the other party. 

  
 2 

 7.        Release of Claims.

 (i) You hereby agree and acknowledge that by signing this Letter Agreement and accepting
the payments and benefits described herein, you are waiving your right to assert any and all forms of legal Claims against the Company1/ of any kind whatsoever, arising from the beginning of time through the date you execute this Agreement. With the sole
and limited exceptions set forth in paragraph (ii) below, for purposes of this Section 7 the words “Claim” and “Claims” are intended to be as broad as the law allows and to mean: any and all charges, complaints and
other form of action against the Company, seeking any form of relief including, without limitation, equitable relief (whether declaratory, injunctive or otherwise), the recovery of 

any damages, or any other form of monetary recovery whatsoever (including, without limitation, back pay, front pay, compensatory damages,
emotional distress damages, punitive damages, attorneys’ fees and any other costs) against the Company, including, without limitation: 
 (a)        Claims under any Massachusetts (or any other state) or federal discrimination, fair employment practices or other employment related statute, regulation
or executive order (as they may have been amended through the date you sign this Agreement), including, without limitation, the Age Discrimination in Employment Act and Mass. Gen. L. c. 151B; 

(b)        Claims under any other Massachusetts (or any other state) or federal employment related
statute, regulation or executive order (as they may have been amended through the date you sign this Agreement), including the Massachusetts Wage Act, Mass. Gen. L. c. 149, section 148 et seq. and the Massachusetts overtime pay law, Mass. Gen. L. c.
151, section 1A, et seq.; 
 (c)        Claims under any Massachusetts (or any other
state) or federal common law theory; and 
 (d)        Any other Claims arising under
other state or federal law. 
 (ii)        Notwithstanding the foregoing,
this Section 7 shall not release the Company from any obligation expressly set forth in this Agreement, and does not preclude you from filing a charge of discrimination with the United States Equal Employment Opportunity Commission
(“EEOC”), but you will not be entitled to any monetary or other relief from the EEOC or from any Court as a result of litigation brought on the basis of or in connection with such charge. 

(iii)        You expressly acknowledge and agree that, but for providing the
foregoing release of Claims, you would not be receiving the payments and benefits described in this Agreement. 

8.        Indemnification by the Company 

The Company shall indemnify you to the fullest extent permitted by the Delaware General Corporation Law for any acts or omissions
allegedly made by you while you serve and have served as the Company’s Chief Financial Officer and Chief Operating Officer. Without limiting the generality of the foregoing, the Company shall indemnify you to the fullest extent provided
for in Article XI of the Amended and Restated By-Laws of the Company, to the same extent and in the same manner as if you had served as a director of the Company. The Company acknowledges and agrees that the rights under the Certificate of
Incorporation and By-laws vested upon the commencement of your service as the Company’s Chief Financial Officer and Chief Operating Officer. The Company will not amend its Certificate of Incorporation or its By-laws in any way that would result
in any reduction in your indemnification rights as they existed during your employment with the Company. Moreover, the Company acknowledges that you serve and have served as an officer or employee at the direction or request of the Company.

  

	1/ 	 For purposes of this Section, the term “Company” includes Exa Corporation and any of its divisions, affiliates (which means all persons and
entities directly or indirectly controlling, controlled by or under common control with Exa Corporation) parents, subsidiaries and all other related entities, and its and their Directors, officers, employees, trustees, agents, successors and
assigns. 

  
 3 

 9.        Understanding this
Agreement. Before signing this Agreement, you should take whatever steps you believe are necessary to ensure that you understand what you are signing, what benefits you are receiving and what rights you are giving up. 

(a)        By signing this Agreement, you are acknowledging that you have read it carefully and
understand all of its terms. 
 (b)        You understand that, among other claims you
are releasing in the Release of Claims are any claims against the Company alleging discrimination on the basis of age and claims for wages and/or overtime pay under Massachusetts law. 

(d)        You are hereby advised and encouraged to consult with legal counsel for the purpose of
reviewing the terms of this Agreement. 
 (e)        You are being given twenty-one
(21) days in which to consider this Agreement and whether to accept this Agreement. If you choose to accept this Agreement within that time, you are to sign and date below and return it to the Company, c/o Stephen Remondi, President and Chief
Executive Officer, Exa Corporation, 55 Network Drive, Burlington, MA 01803. 

(f)        Even after executing this Agreement, you have seven (7) days after signing to
revoke this Agreement. The Agreement will not be effective or enforceable until this seven (7) day period has expired. In order to revoke your assent to this Agreement, you must, within seven (7) days after you sign this Agreement, deliver
a written notice of rescission to Mr. Remondi. To be effective, the notice of rescission must be hand delivered, or postmarked within the seven (7) day period and sent by certified mail, return receipt requested, to the referenced address.

 This Agreement may be signed on one or more copies, each of which when signed will be deemed to be an
original, and all of which together will constitute one and the same Agreement. 
 Please acknowledge your
understanding and agreement with the foregoing by countersigning this Letter Agreement and returning it to the Company. 
  

			
	Very truly yours,
	
	Exa Corporation
		
	By:	 	  /s/ Stephen Remondi
		 	  Name: Stephen Remondi
		 	  Its: President and Chief Executive Officer

  
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	Confirmed and Agreed:
	
	  /s/ Edmond L. Furlong
	Edmond L. Furlong
		
	Dated:	 	 11/12/13

  
 5 

 EXHIBIT A 
 Agreement Regarding Intellectual Property and Proprietary Information 

  
 6EX-4.1

 Exhibit 4.1 

CITIBANK CREDIT CARD ISSUANCE TRUST 

Citiseries 
 Class 2014-A1
Notes 
 (Additional Issuance of March 26, 2014) 

Issuer Certificate 
 Pursuant to
Sections 202 and 301(h) of the Indenture 
 Reference is made to the Amended and Restated Indenture dated as of September 26, 2000,
as amended and restated as of August 9, 2011, between Citibank Credit Card Issuance Trust (the “Issuer”) and Deutsche Bank Trust Company Americas, as trustee (as so amended and restated, the “Indenture”). Capitalized terms
used herein that are not otherwise defined have the meanings set forth in the Indenture. All references herein to designated Sections are to the designated Sections of the Indenture. 

Section 301(h) provides that the Issuer may from time to time create a tranche of Notes either by or pursuant to an Issuer Certificate
setting forth the principal terms thereof. Pursuant to an Issuer Certificate dated January 24, 2014, a tranche of Notes of the Citiseries designated Class 2014-A1 was established, of which $850,000,000 Outstanding Dollar Principal Amount is
Outstanding (the “Outstanding 2014-A1 Notes”). This Issuer Certificate relates to additional Notes of Class 2014-A1 (hereinafter, the “New Class 2014-A1 Notes”, and together with the Outstanding Class 2014-A1 Notes, the
“Class 2014-A1 Notes”) having the following terms: 
 Series Designation: Citiseries. This series is included in Group 1. 

Tranche Designation: $1,550,000,000 2.88% Class 2014-A1 Notes of January 2021 (Legal Maturity Date January 2023) 

Currency: The New Class 2014-A1 Notes will be payable, and denominated, in Dollars. 

Denominations: The New Class 2014-A1 Notes will be issuable in minimum denominations of $100,000 and multiples of $1,000 in excess of that amount. 

Issuance Date: March 26, 2014 
 Initial Principal
Amount: $700,000,000 
 Issue Price: 101.1094% plus interest accrued from January 24, 2014 to the Issuance Date. 

Interest Rate: 2.88% per annum, calculated on the basis of a 360 day year of twelve 30 day months. 

Additional Deposit to Interest Funding sub-Account: On the Issuance Date of the New Class 2014-A1 Notes, the Issuer will make or cause to be made a
deposit to the Interest Funding sub-Account for the Class 2014-A1 Notes from the proceeds to the Issuer from the issuance of the New Class 2014-A1 Notes in an amount equal to $3,472,000. This amount will not be subject to reallocation pursuant to
Section 505. Notwithstanding any provision in the Indenture to the contrary, the deposit targeted to be made to the Interest Funding sub-Account for the Class 2014-

 
A1 Notes with respect to the New Class 2014-A1 Notes on the April 21, 2014 Interest Deposit Date will be in an amount equal to $1,400,000, for an aggregate amount on deposit of $4,872,000.

 Scheduled Interest Payment Dates: The 21st day of each January and July, beginning July 2014. 

Each payment of interest on the New Class 2014-A1 Notes will include all interest accrued from and including the preceding Interest Payment Date — or,
for the first interest period, from and including January 24, 2014 — to and including the day preceding the current Interest Payment Date, plus any interest accrued but not previously paid. 

Expected Principal Payment Date: January 21, 2021 

Legal Maturity Date: January 23, 2023 
 Monthly
Principal Date: For the month in which the Expected Principal Payment Date occurs, January 21, 2021, and for each other month, the 21st day of such month, or if such day is not a Business Day, the next following Business Day. 

Required Subordinated Amount of Class B Notes: $41,880,370 

Required Subordinated Amount of Class C Notes: $55,840,470 

Controlled Accumulation Amount: $58,333,333.33 
 Form
of Notes: The New Class 2014-A1 Notes will be issued as Global Notes. The Global Notes will initially be registered in the name of Cede & Co., as nominee of The Depository Trust Company, and will be exchangeable for individual Notes
only in accordance with the provisions of Section 204(c). 
 Additional Issuances of Class 2014-A1 Notes: The Issuer may at any time and from
time to time issue additional Class 2014-A1 Notes, subject to the satisfaction of (i) the conditions precedent set forth in Section 311(a) and (ii) the following conditions: 

 

	 	(a)	The Issuer has obtained written confirmation from each Rating Agency that there will be no Ratings Effect with respect to the then outstanding Class 2014-A1 Notes as a result of the issuance of such additional Class
2014-A1 Notes; 

  

	 	(b)	As of the date of issuance of the additional Class 2014-A1 Notes, all amounts due and owing to the Holders of the then outstanding Class 2014-A1 Notes have been paid and there is no Nominal Liquidation Amount Deficit
with respect to the then outstanding Class 2014-A1 Notes; 

  

	 	(c)	The additional Class 2014-A1 Notes will be fungible with the original Class 2014-A1 Notes for federal income tax purposes; 

  

	 	(d)	If Holders of the then outstanding Class 2014-A1 Notes have the benefit of a Derivative Agreement, the Issuer will have obtained a Derivative Agreement for the benefit of the Holders of the additional Class 2014-A1
Notes; and 

  
 2 

	 	(e)	The ratio of the Controlled Accumulation Amount to the Initial Dollar Principal Amount of the Class 2014-A1 Notes, including the additional Class 2014-A1 Notes, will be equal to the ratio of the Controlled Accumulation
Amount (before giving effect to the additional issuance) to the Initial Dollar Principal Amount of the Class 2014-A1 Notes, excluding the additional Class 2014-A1 Notes. 

As of the date of issuance of additional Class 2014-A1 Notes, the Outstanding Dollar Principal Amount and Nominal Liquidation Amount of the Class 2014-A1
Notes will be increased to reflect the Initial Dollar Principal Amount of the additional Class 2014-A1 Notes. 
 Any outstanding Class 2014-A1 Notes and any
additional Class 2014-A1 Notes will be equally and ratably entitled to the benefits of the Indenture without preference, priority or distinction. 

Optional Redemption Provisions other than Section 1202 “Clean-Up Call”: None 

Additional Early Redemption Events or changes to Early Redemption Events: None 

Additional Events of Default or changes to Events of Default: None 

Business Day: means any day other than (a) a Saturday or Sunday or (b) any other day on which national banking associations or state banking
institutions in New York, New York or South Dakota, or any other state in which the principal executive offices of any Additional Seller are located, are authorized or obligated by law, executive order or governmental decree to be closed. 

Securities Exchange Listing: None 
 Provisions
Relating to Issuance of New Class 2014-A1 Notes: The New Class 2014-A1 Notes are part of the Class 2014-A1 Notes, and the Outstanding Class 2014-A1 Notes and the New Class 2014-A1 Notes together constitute a single tranche of Class 2014-A1 Notes
and will be equally and ratably entitled to the benefits of the Indenture without preference, priority or distinction. The New Class 2014-A1 Notes are fungible with the Outstanding Class 2014-A1 Notes and are intended to trade interchangeably with
the Outstanding Class 2014-A1 Notes. 
 The Initial Dollar Principal Amount of the New Class 2014-A1 Notes is $700,000,000, and, after giving effect
to the issuance of the New Class 2014-A1 Notes, the Initial Dollar Principal Amount of the Class 2014-A1 Notes will be the sum of the Initial Dollar Principal Amounts of the Outstanding Class 2014-A1 Notes and the New Class 2014-A1 Notes. 

The Nominal Liquidation Amount of the New Class 2014-A1 Notes is $700,000,000, and, after giving effect to the issuance of the New Class 2014-A1 Notes, the
Nominal Liquidation Amount of the Class 2014-A1 Notes will be the sum of the Nominal Liquidation Amounts of the Outstanding Class 2014-A1 Notes and the New Class 2014-A1 Notes. 

The Controlled Accumulation Amount of the New Class 2014-A1 Notes is $58,333,333.33, and, after giving effect to the issuance of the New Class 2014-A1 Notes,
the Controlled Accumulation Amount of the Class 2014-A1 Notes will be the sum of the Controlled Accumulation Amounts of the Outstanding Class 2014-A1 Notes and the New Class 2014-A1 Notes. 

  
 3 

 The Required Subordinated Amount of Class B Notes for the New Class 2014-A1 Notes is $41,880,370, and, after
giving effect to the issuance of the New Class 2014-A1 Notes, the Required Subordinated Amount of Class B Notes for the Class 2014-A1 Notes will be the sum of the Required Subordinated Amounts of Class B Notes for the Outstanding Class 2014-A1 Notes
and the New Class 2014-A1 Notes. The Required Subordinated Amount of Class C Notes for the New Class 2014-A1 Notes is $55,840,470, and, after giving effect to the issuance of the New Class 2014-A1 Notes, the Required Subordinated Amount of Class C
Notes for the Class 2014-A1 Notes will be the sum of the Required Subordinated Amounts of Class C Notes for the Outstanding Class 2014-A1 Notes and the New Class 2014-A1 Notes. 

This Issuer Certificate and the Issuer Certificate relating to the Outstanding Class 2014-A1 Notes together constitute the terms document for the Class
2014-A1 Notes. 

  
 4 

 The New Class 2014-A1 Notes shall have such other terms as are set forth in the form of Note
attached hereto as Exhibit A. Pursuant to Section 202, the form of Note attached hereto has been approved by the Issuer. 
  

			
	CITIBANK CREDIT CARD ISSUANCE TRUST
		
	By	 	     Citibank, N.A.,

    as Managing Beneficiary

		
		 	   /s/ Douglas C. Morrison

		 	        Douglas C. Morrison
		 	        Vice President

 Dated: March 26, 2014 

  
 5 

 Citiseries 

Class 2014-A1 Notes 

(Additional Issuance of March 26, 2014) 

Reference is made to the resolutions adopted by the Board of Directors of Citibank, N.A. on January 15, 2014. The resolutions authorize
Citibank, N.A. from time to time to issue and sell, or to arrange for or participate in the issuance and sale of, one or more series and/or classes of pass-through certificates, participation certificates, commercial paper, notes, bonds or other
securities representing ownership interests in, or backed or secured by, pools of credit card receivables or interests therein (the “Receivables”) in an aggregate principal amount such that up to $75,000,000,000 of such certificates,
commercial paper, notes, bonds or other securities are outstanding at any one time and to sell, transfer, convey, assign or pledge or grant a security interest in all or any portion of its Receivables to Citibank Credit Card Master Trust I, Citibank
Omni Trust or any direct or indirect subsidiaries of Citibank, N.A., affiliates of Citigroup Inc., additional trusts or other entities or trustees in connection therewith on such terms as to be determined by the Citibank, N.A. Securitization Pricing
and Loan Committee (the “Pricing and Loan Committee”). 
 The undersigned, a duly authorized member of the Pricing and Loan
Committee, on behalf of such Pricing and Loan Committee, does hereby certify that the preceding Issuer Certificate, the terms of the New Class 2014-A1 Notes set forth in and to be created by the Issuer Certificate and the increase in the Invested
Amount of the Collateral Certificate resulting from the issuance of such Notes have been approved by such Pricing and Loan Committee. In addition, the following underwriting/selling agent terms with respect to the New Class 2014-A1 Notes have been
approved by such Pricing and Loan Committee: 
 Issue Price: 101.1094% plus interest accrued from January 24, 2014 to the Issuance Date

 Underwriting Commission: 0.35000% 

Proceeds to Issuer: 100.7594% 

Representative of the Underwriters: Citigroup Global Markets Inc. 

The preceding Issuer Certificate and this certification of Pricing and Loan Committee approval shall be, continuously from the time of their
execution, official records of Citibank, N.A. 
  

	
	     /s/ Douglas C. Morrison

	Douglas C. Morrison
	Member of the Securitization Pricing and Loan Committee
	Citibank, N.A.

 Dated: March 26, 2014 

  
 6 

 Exhibit A 

FORM OF 
 CITISERIES 

2.88% CLASS 2014-A1 NOTES OF JANUARY 2021 

(Legal Maturity Date January 2023) 
  

					
	$            ,000,000	 	 	 	REGISTERED
	CUSIP No. 17305E FM2	 		 	No. R-            

 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK
CORPORATION (“DTC”), TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE
OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THE PRINCIPAL OF THIS NOTE IS PAYABLE AS SET FORTH HEREIN AND IN THE
INDENTURE REFERRED TO BELOW. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF. 

CITIBANK CREDIT CARD ISSUANCE TRUST 

CITISERIES 
 2.88% CLASS 2014-A1
NOTES OF JANUARY 2021 
 (Legal Maturity Date January 2023) 

CITIBANK CREDIT CARD ISSUANCE TRUST, a trust formed and existing under the laws of the State of Delaware (including any successor, the “Issuer”),
for value received, hereby promises to pay to CEDE & CO., or its registered assigns, the principal amount of             MILLION DOLLARS
($            ,000,000). The Expected Principal Payment Date for this Note is January 21, 2021. The Legal Maturity Date for this Note is January 23, 2023. 

The Issuer hereby promises to pay interest on this Note at the rate of 2.88% per annum on the 21st day of each January and July, beginning July 2014,
until the principal of this Note is paid or made available for payment, subject to certain limitations set forth in the Indenture. Interest will accrue on the principal amount of this Note outstanding on the preceding Interest Payment Date

 
(after giving effect to any payments of principal made on the preceding Interest Payment Date) or, with respect to the first Interest Payment Date, the initial principal amount of this Note.
Interest will accrue from January 24, 2014 and be computed on the basis of a 360-day year of twelve 30-day months. 
 If any Interest Payment Date or
Principal Payment Date of this Note falls on a day that is not a Business Day, the required payment of interest or principal will be made on the following Business Day. 

This Note is one of the Citiseries, Class 2014-A1 Notes issued pursuant to the Amended and Restated Indenture dated as of September 26, 2000, as amended
and restated as of August 9, 2011 (as amended and otherwise modified from time to time, the “Indenture”) between the Issuer and Deutsche Bank Trust Company Americas, as Trustee. For purposes of this Note, the term
“Indenture” includes any supplemental indenture or Issuer Certificate relating to the Citiseries, Class 2014-A1 Notes. This Note is subject to all of the terms of the Indenture. All terms used in this Note that are not otherwise defined
herein and that are defined in the Indenture will have the meanings assigned to them therein. 
 The principal of and interest on this Note are payable in
such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
 Reference is
made to the further provisions of this Note set forth on the reverse hereof, which will have the same effect as though fully set forth on the face of this Note. 

Unless the certificate of authentication hereon has been executed by the Trustee whose name appears below by manual signature, this Note will not be entitled
to any benefit under the Indenture, or be valid or obligatory for any purpose. 

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be signed, manually or in facsimile, by an Issuer
Authorized Officer. 
  

					
	CITIBANK CREDIT CARD ISSUANCE TRUST
		
	By:	 	CITIBANK, N.A.,
		 	 as Managing Beneficiary of

Citibank Credit Card Issuance Trust

			
		 	By:	 	  

		 		 	Douglas C. Morrison
		 		 	Vice President

 Dated: March 26, 2014 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes designated above and referred to in the within mentioned Indenture. 

 

			
	DEUTSCHE BANK TRUST COMPANY AMERICAS,
	as Trustee under the Indenture
		
	By:	 	  

		 	Authorized Signatory

 Dated: March 26, 2014 

 REVERSE OF NOTE 

This Note is one of a duly authorized issue of Notes of the Issuer, designated as its Citiseries 2.88% Class 2014-A1 Notes of January 2021 (Legal Maturity
Date January 2023) (herein called the “Notes”), all issued under an Indenture, to which Indenture reference is hereby made for a statement of the respective rights and obligations thereunder of the Issuer, the Trustee and the Holders of
the Notes. 
 This Note ranks pari passu with all other Class A Notes of the same series, as set forth in the Indenture. This Note is secured to the
extent, and by the collateral, described in the Indenture. 
 The Issuer will pay interest on overdue interest as set forth in the Indenture to the extent
lawful. 
 Each Holder by acceptance of this Note, and each owner of a beneficial interest in this Note by acceptance of a beneficial interest in this Note,
agrees that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuer or the Trustee on the Notes, against the Issuer, the Issuer Trustee, Citibank, N.A., the Trustee or any affiliate, officer, employee or
director of any of them, and the obligation of the Issuer to pay principal of or interest on this Note or any other amount payable to the Holder of this Note will be subject to Article V of the Indenture. 

Each Holder by acceptance of this Note, and each owner of a beneficial interest in this Note by acceptance of a beneficial interest in this Note, agrees that
this Note is intended to be debt of Citibank, N.A. for federal, state and local income and franchise tax purposes, and agrees to treat this Note accordingly for all such purposes, unless otherwise required by a taxing authority. 

Each Holder by acceptance of this Note, and each owner of a beneficial interest in this Note by acceptance of a beneficial interest in this Note, agrees that
it will not at any time institute against the Issuer, or join in any institution against the Issuer of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding, or other proceedings under any United States federal or state
bankruptcy or similar law in connection with any obligations relating to this Note, the Indenture or any Derivative Agreement. 
 This Note and the
Indenture will be construed in accordance with and governed by the laws of the State of New York. 
 Certain amendments may be made to the Indenture without
the consent of the Holder of this Note. This Note must be surrendered for final payment of principal and interest. 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee:             

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 
  

			
		  	  

		
		  	  

		  	(name and address of assignee)

 the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                                         
                   , attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

					
		 		 	
	Dated:
                                         
       	 		 	                                      
              *
		 		 	Signature Guaranteed:

  
  

	*	NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular without alteration, enlargement or any change whatsoever.

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