Document:

409A Amendment to the Surrey Bank & Trust Directors' Deferral Plan

 Exhibit 10.7 
 409A Amendment 
 to the 
 Surrey Bank & Trust 
 Directors’ Deferral Plan 
 Surrey Bank & Trust (“Bank”) implemented the Surrey Bank & Trust Directors’ Deferral Plan on February 18, 2005
(“Agreement”). Pursuant to Subparagraph VI (A) of the Agreement, the Bank has obtained the permission of each participating Director to adopt this 409A Amendment, effective February 18, 2005. 
 RECITALS 
 This Amendment is intended
to bring the Agreement into compliance with the requirements of Internal Revenue Code Section 409A. Accordingly, the intent of the parties hereto is that the Agreement shall be operated and interpreted consistent with the requirements of
Section 409A. Therefore, the following changes shall be made: 
  

	1.	Subparagraph III (A), “Election of Participant’s Deferred Compensation”, shall be deleted in its entirety and replaced with the following Subparagraph III (A):

 Deferral Elections – In General: 
 In any year during which the Participant defers fees and compensation (defined in Section II), the Participant shall file an Election Form for any fees and compensation deferred. Such form shall be filed with the Plan
Administrator no later than the close of the Participant’s taxable year next preceding the service year, and such election and is effective only to defer fees and compensation that has not yet been earned by the Participant at the time of the
election. 
 A deferral election submitted for a particular year may continue to be valid for succeeding years until changed or modified.
Deferral elections, once made, however, are irrevocable as of the last permissible date on which such deferral elections may be made. 
 Initial Deferral Election(s): 
 Upon notification of eligibility in this Agreement during the initial Plan Year, and if the
Participant elects to defer fees and compensation, the Participant shall deliver to the Plan Administrator a signed and dated Election Form. 
 The Participant shall deliver such form to the Plan Administrator within thirty (30) days of notification of eligibility, and shall set forth on the forms: (a) the percent (%) or dollar amount of fees and compensation to be
deferred; and (b) the distribution elections. 
 Subsequent Changes to Time and Form of Payment: 
 The Bank may permit a subsequent change to form and timing of payments (a “subsequent deferral election”). Any such change shall be considered
made only when it becomes irrevocable under the terms of the Agreement. Any subsequent deferral election will be considered irrevocable not later than thirty (30) days following acceptance of the change by the Plan Administrator, subject to the
following rules: 
  

	 	(1)	the subsequent deferral election may not take effect until at least twelve (12) months after the date on which the election is made; 

  

	 	(2)	the payment (except in the case of death, disability, or unforeseeable emergency) upon which the subsequent deferral election is made is deferred for a period of not less than five
years from the date such payment would otherwise have been paid; and 

  

	 	(3)	in the case of a payment made at a specified time, the election must be made not less than twelve (12) months before the date the payment is scheduled to be paid.

  

	2.	Subparagraph III (B) (ii), “Early Withdrawal due to an Unforeseeable Emergency”, shall be deleted in its entirety and replaced with the following Subparagraph III
(B) (ii): 

  

 34 

 Early Withdrawal due to an Unforeseeable Emergency: 
 The Bank will permit early withdrawals for an unforeseeable emergency under certain circumstances arising as a result of events beyond the
control of the Participant. The Participant may submit an application for an in-service early withdrawal due to an unforeseeable emergency to the Board of Directors. If, in the discretion of the Board, the Participant is permitted to take an early
withdrawal due to an unforeseeable emergency, the Board shall make a distribution to such Participant from the Participant’s Account. Such distribution shall be paid in one (1) lump sum payment within thirty (30) days after the Board
determines that the Participant is permitted to take an early withdrawal due to an unforeseeable emergency. The amount of such lump sum payment shall be limited to the amount reasonably necessary to meet the Participant’s requirements to the
extent such emergency is not relieved through reimbursement or compensation from insurance or otherwise, by liquidation of the Participant’s assets, will not cause severe financial hardship or by cessation of deferrals. For purposes of this
section the term “unforeseeable emergency” means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse, the Participant’s dependent, or the
Participant’s Beneficiary, loss of the Participant’s property due to casualty, other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. The imminent foreclosure of or
eviction from the service provider’s primary residence may constitute an unforeseeable emergency. In addition, the need to pay for medical expenses, including non-refundable deductibles, as well as for the costs of prescription drug medication,
may constitute an unforeseeable emergency. Finally, the need to pay for the funeral expenses of a spouse, a beneficiary, or a dependent may also constitute an unforeseeable emergency. At all times this definition shall be construed in accordance
with the definition under Section 409A. Upon receipt of payment under the terms of this provision, Participant is entitled to terminate any current deferral elections. 
  

	3.	The following provision regarding “Separation from Service” distributions shall be added as a new Subparagraph III (G), as follows: 

 Separation from Service:
 Notwithstanding anything to the contrary in this Agreement, to the extent that any benefit under this Agreement is payable upon a “Termination of Employment,” “Termination of Service,” or other event involving
the Participant’s cessation of services, such payment(s) shall not be made unless such event constitutes a “Separation from Service” as defined in Treasury Regulations Section 1.409A-1(h). 
  

	4.	A new Subparagraph III (H) shall be added as follows: 

 Restriction on Timing of Distribution:
 Notwithstanding any provision of this Agreement to the contrary, distributions under
this Agreement may not commence earlier than six (6) months after the date of a Separation from Service (as described under the “Separation from Service” provision herein) if, pursuant to Internal Revenue Code Section 409A,
the participant hereto is considered a “specified employee” (under Internal Revenue Code Section 416(i)) of the Bank if any stock of the Bank is publicly traded on an established securities market or otherwise. In the event a
distribution is delayed pursuant to this Section, the originally scheduled distribution shall be delayed for 6 months, and shall commence instead on the first day of the seventh month following Separation from Service. If payments are scheduled to
be made in installments, the first six months of installment payments shall be delayed, aggregated, and paid instead on the first day of the seventh month, after which all installment payments shall be made on their regular schedule. If payment is
scheduled to be made in a lump sum, the lump sum payment shall be delayed for six months and instead be made on the first day of the seventh month. 
  

	5.	Subparagraph V (A), “Prior to Commencement of Payments”, shall be amended to delete the words “at the discretion of the Bank” from the first sentence and to
replace them with the words “in the absence of an effective Election”. 

  

	6.	Subparagraph V (B), “Subsequent to Commencement of Payments”, shall be amended to delete the words “at the discretion of the Bank” from the first sentence and to
replace them with the words “in the absence of an effective Election”. 

  

 35 

	7.	A new Subparagraph VI (G) shall be added as follows: 

 Certain Accelerated Payments: 
 The Bank may make any accelerated distribution permissible under Treasury Regulation
1.409A-3(j)(4) to the Participant of deferred amounts, provided that such distribution(s) meet(s) the requirements of Section 1.409A-3(j)(4). 
 Therefore, the foregoing changes are approved. 
  

					
	 /s/ Mark H. Towe
	 		 	 /s/ David R. Sawyer, VP

	For the Bank	 		 	For the Trustee: Eastern Bank
			
	Date: May 20, 2008	 		 	Date: June 3, 2008

  

	
	 /s/ Edward C. Ashby, III

	Edward C. Ashby, III, Director
	Date: May 20, 2008
	
	 /s/ William A. Johnson

	William A. Johnson, Director
	Date: May 20, 2008
	
	 /s/ Elizabeth J. Lovill

	Elizabeth J. Lovill, Director
	Date: May 20, 2008
	
	 /s/ Robert H. Moody

	Robert H. Moody, Director
	Date: May 20, 2008
	
	 /s/ Floyd E. Rees

	Floyd E. Rees, Director
	Date: May 20, 2008
	
	 /s/ Tom G. Webb

	Tom G. Webb, Director
	Date: May 20, 2008
	
	 /s/ Buddy E. Williams

	Buddy E. Williams, Director
	Date: May 20, 2008
	
	 /s/ Curtis H. Wright

	Curtis H. Wright, Director
	Date: May 23, 2008

  

 36Base Salaries of Named Executive Officers of the Registrant

 Exhibit 10.6 
 Pinnacle Bankshares Corporation 
 Base Salaries of Executive Officers of the Registrant

 As of April 15, 2008, the following are the base salaries (on an annual basis) of the executive officers of Pinnacle Bankshares Corporation:

  

				
	 Robert H. Gilliam Jr.
President and Chief Executive Officer
	  	$	192,400
		
	 Carroll E. Shelton
Senior Vice President
	  	$	118,560
		
	 Bryan M. Lemley
Secretary, Treasurer and Chief Financial Officer
	  	$	104,400Exhibit 10.1

 Exhibit 10.1 
 ASSIGNMENT NO. 23 OF RECEIVABLES IN ADDITIONAL ACCOUNTS, dated as of August 12, 2008, by and between CHASE BANK USA, NATIONAL ASSOCIATION, a national banking association (the “Bank”), as Transferor (in
such capacity, the “Transferor”), and the CHASE ISSUANCE TRUST (the “Trust”), pursuant to the Agreement referred to below, and acknowledged by the Bank in its capacity as servicer under the Agreement referred to below (in such
capacity, the “Servicer”). 
 W I T N E S S E T H: 
 WHEREAS, the Bank, as Transferor, Servicer and Administrator, Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent, and the Trust are parties to the Third Amended and Restated Transfer and
Servicing Agreement, dated as of December 19, 2007 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Agreement”); 
 WHEREAS, pursuant to the Agreement, the Transferor wishes to designate Additional Accounts to be included as Accounts and to convey hereby the
Receivables of such Additional Accounts (as each such term is defined in the Agreement), whether now existing or hereafter created, to the Trust; and 
 WHEREAS, the Administrator, on behalf of the Trust, is willing to accept such designation and conveyance subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Transferor and the Administrator, on behalf of the Trust, hereby agree as follows: 
 1. Defined Terms. All capitalized terms used herein shall have the meanings ascribed to them in the Agreement unless otherwise defined herein.

 “Addition Cut-Off Date” shall mean, with respect to the Additional Accounts designated hereby, June 30, 2008.

 “Addition Date” shall mean, with respect to the Additional Accounts designated on Schedule 1 hereto, August 12,
2008. 
 “Notice Date” shall mean, with respect to the Additional Accounts designated on Schedule 1 hereto, July 30,
2008 which shall be a date on or prior to the third Business Day prior to the Addition Date with respect to additions pursuant to subsection 2.12(a) of the Agreement and the fifth Business Day prior to the Addition Date with respect to additions
pursuant to subsection 2.12(b) of the Agreement. 
 2. Designation of Additional
Accounts. No later than five Business Days after the Addition Date, the Transferor shall deliver to the Collateral Agent, as designee, on behalf of the Trust, a true and complete list (in the form of a computer file, microfiche list, CD-ROM or
such other form as is agreed upon between the Transferor and the Collateral Agent) of each VISA® and MasterCard® account which,
as of the Addition Date, shall be deemed to be an Additional Account, identified by account 

 
number and the aggregate amount of the Receivables in each such Additional Account as of the Addition Cut-Off Date, and stating to which Asset Pool each such
Additional Account belongs, which list shall be marked as Schedule 1 to this Assignment and, as of the Addition Date, shall modify and amend and be incorporated into and made part of the Agreement and shall supplement Schedule 1 to the Agreement.

 3. Conveyance of Receivables. 
 (a) The Transferor does hereby sell, transfer and assign to the Trust all right, title and
interest, whether owned on the Addition Cut-Off Date or thereafter acquired, of the Transferor in the Receivables existing on the Addition Cut-Off Date or thereafter created in the Additional Accounts, all Interchange and Recoveries related thereto,
all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds (including “proceeds” as defined in the applicable UCC) thereof and all Insurance Proceeds related thereto. This Section 3(a)
does not constitute and is not intended to result in the creation or assumption by the Trust, the Owner Trustee (as such or in its individual capacity), the Indenture Trustee, the applicable Collateral Agent, any Noteholders, any Supplemental Credit
Enhancement Provider or any Derivative Counterparty of any obligation of the Transferor or any other Person in connection with the Accounts, the Receivables or under any agreement or instrument relating thereto, including any obligation to Obligors,
merchant banks, merchants clearance systems, VISA®, MasterCard® or insurers. 
 (b) The Transferor hereby grants to the Trust a security interest in all of its right, title and interest, whether owned on the Addition Cut-Off Date or
thereafter acquired, of the Transferor in the Receivables existing on the Addition Cut-Off Date or thereafter created in the Additional Accounts, all Interchange and Recoveries related thereto, all monies due or to become due and all amounts
received or receivable with respect thereto and the “proceeds” (including “proceeds” as defined in the applicable UCC) thereof and all Insurance Proceeds related thereto to secure a loan in an amount equal to the unpaid principal
amount of the Notes issued pursuant to the Indenture and the applicable Indenture Supplement and accrued and unpaid interest with respect thereto. This Assignment constitutes a security agreement under the UCC. 
 (c) If necessary, the Transferor agrees to record and file, at its own expense, financing statements (and continuation statements when applicable) with
respect to the Receivables in Additional Accounts existing on the Addition Cut-Off Date and thereafter created meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect, and maintain
perfection of, the sale and assignment of its interest in such Receivables to the Trust, and to deliver a file-stamped copy of each such financing statement or other evidence of such filing to the Owner Trustee on or prior to the Addition Date. The
Owner Trustee shall be under no obligation whatsoever to file such financing or continuation statements or to make any filing under the UCC in connection with such sale and assignment. 
 (d) In connection with such transfers, the Transferor further agrees, at its own expense, on or prior to the date of this Assignment, to indicate in the
appropriate 

  

 2 

 
computer files that Receivables created in connection with the Additional Accounts and designated hereby have been conveyed to the Trust pursuant to this
Assignment for the benefit of the Noteholders. 
 (e) The parties hereto agree that all transfers of Receivables to the Trust pursuant to
this Assignment are subject to, and shall be treated in accordance with, the Delaware Act and each of the parties hereto agrees that this Assignment has been entered into by the parties hereto in express reliance upon the Delaware Act. For purposes
of complying with the requirements of the Delaware Act, each of the parties hereto hereby agrees that any property, assets or rights purported to be transferred, in whole or in part, by the Transferor pursuant to this Assignment shall be deemed to
no longer be the property, assets or rights of the Transferor. The parties hereto acknowledge and agree that each such transfer is occurring in connection with a “securitization transaction” within the meaning of the Delaware Act.

 4. Acceptance by Owner Trustee on Behalf of the Trust. The Owner Trustee, on behalf of the Trust, hereby acknowledges its
acceptance of all right, title and interest in and to the Receivables in the Additional Accounts now existing and hereafter created, conveyed to the Trust pursuant to Section 3(a) hereof and declares that the Trust shall maintain such right,
title and interest, upon the trust herein set forth, for the benefit of the Noteholders. 
 5. Representations and Warranties of the
Transferor. The Transferor hereby represents and warrants to the Trust as of the date of this Assignment (or such other date specified below) as follows: 
 (a) Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be
limited by general principles of equity (whether considered in a suit at law or in equity); 
 (b) Eligibility of Accounts. As of the
Addition Cut-Off Date, each Additional Account designated hereby was an Eligible Account; 
 (c) Insolvency. As of each of the
Addition Cut-Off Date and the Addition Date, no Insolvency Event with respect to the Transferor has occurred and the transfer by the Transferor of Receivables arising in the Additional Accounts to the Trust has not been made in contemplation of the
occurrence thereof; 
 (d) No Adverse Effect. The acquisition by the Trust of the Receivables arising in the Additional Accounts shall
not, in the reasonable belief of the Transferor, result in an Adverse Effect; 
 (e) Security Interest. This Assignment constitutes a
valid sale, transfer and assignment to the Trust of all right, title and interest, whether owned on the Addition 

  

 3 

 
Cut-Off Date or thereafter acquired, of the Transferor in the Receivables existing on the Addition Cut-Off Date or thereafter created in the Additional
Accounts, all Interchange and Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and the “proceeds” (including “proceeds” as defined in the applicable UCC)
thereof and Insurance Proceeds related thereto, or, if this Assignment does not constitute a sale of such property, the Agreement as amended by this Assignment constitutes a grant of a “security interest” (as defined in the applicable UCC)
in such property to the Trust, which, in the case of existing Receivables and the proceeds thereof, is enforceable upon execution and delivery of this Assignment, and which will be enforceable with respect to such Receivables hereafter created and
the proceeds thereof upon such creation. Upon the filing of the financing statements described in Section 3 of this Assignment and, in the case of the Receivables hereafter created and the proceeds thereof, upon the creation thereof, the Trust
shall have a first priority perfected security or ownership interest in such property; 
 (f) No Conflict. The execution and delivery
by the Transferor of this Assignment, the performance of the transactions contemplated by this Assignment and the fulfillment of the terms hereof applicable to the Transferor, will not conflict with or violate any Requirements of Law applicable to
the Transferor or conflict with, result in any breach of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of
trust or other instrument to which the Transferor is a party or by which it or its properties are bound; 
 (g) No Proceedings. There
are no proceedings or investigations, pending or, to the best knowledge of the Transferor, threatened against the Transferor before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality
(i) asserting the invalidity of this Assignment, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the
Transferor, would materially and adversely affect the performance by the Transferor of its obligations under this Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability
of this Assignment; and 
 (h) All Consents. All authorizations, consents, orders or approvals of any court or other governmental
authority required to be obtained by the Transferor in connection with the execution and delivery of this Assignment by the Transferor and the performance of the transactions contemplated by this Assignment by the Transferor, have been obtained.

 6. Conditions Precedent. The designation of Additional Accounts pursuant to Section 2 of this Assignment, the conveyance of
Receivables pursuant to Section 3 of this Assignment and the amendment of the Agreement pursuant to Section 7 hereof are each subject to the satisfaction of the conditions precedent set forth in subsection 2.12(c) of the Agreement on or
prior to the dates specified in such subsection 2.12(c), except to the extent any such conditions have been waived. For purposes of 

  

 4 

 
subsection 2.12(c)(i) of the Agreement, “Notice Date” shall having the meaning specified in subsection 1 hereof. With respect to the condition
specified in subsection 2.12(c)(xi) of the Agreement, the Bank shall have delivered to the Administrator, on behalf of the Trust, on or prior to the date hereof, a certificate of a Vice President or more senior officer substantially in the form of
Schedule 2 hereto, certifying that (i) all requirements set forth in subsection 2.12(c) of the Agreement for designating and conveying Receivables in Additional Accounts have been satisfied or waived and (ii) each of the representations
and warranties made by the Transferor in Section 5 of this Assignment is true and correct as of the Addition Date. The Owner Trustee and the Administrator may conclusively rely on such Officer’s Certificate, shall have no duty to make
inquiries with regard to the matters set forth therein, and shall incur no liability in so relying. 
 7. Amendment of the Transfer and
Servicing Agreement. The Agreement is hereby amended to provide that all references therein to the “Transfer and Servicing Agreement,” to “this Agreement” and to “herein” shall be deemed from and after the Addition
Date to be a dual reference to the Agreement as supplemented by this Assignment. All references therein to Additional Accounts shall be deemed to include the Additional Accounts designated hereby and all references therein to Receivables shall be
deemed to include the Receivables conveyed hereby. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions of the Agreement shall remain unamended and shall continue to be, and shall remain, in
full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Agreement.

 8. Counterparts. This Assignment may be executed in two or more counterparts, and by different parties on separate counterparts,
each of which shall be an original, but all of which shall constitute one and the same instrument. 
 9. GOVERNING LAW. THIS
ASSIGNMENT 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. 
 10. Removal Upon Breach. In the event of a breach of the representation and warranty set forth in Section 5(b)
hereof other than in the case of an automatic removal of a Receivable that is not an Eligible Receivable pursuant to subsection 2.05(a) of the Agreement, if as a result of such breach the related Receivable is no longer an Eligible Receivable or the
Trust’s rights in, to or under such Receivable or its proceeds are impaired, then upon the expiration of 60 days (or such longer period as may be agreed to by the Indenture Trustee, the applicable Collateral Agent and the Servicer, but in no
event later than 120 days) after the earlier to occur of the discovery thereof by the Transferor who conveyed such Receivable to the Trust or receipt by such Transferor of written notice thereof given by the Owner Trustee, the Indenture Trustee, the
applicable Collateral Agent or the Servicer, such Receivable shall be removed from 

  

 5 

 
the Trust on the terms and conditions set forth in subsection 2.05(b) of the Agreement and the Transferor shall accept reassignment of such Receivable;
provided, however, that no such removal shall be required to be made if, on any day within such applicable period, such representation and warranty with respect to such Receivable shall then be true and correct in all material respects
as if such Receivable had been designated for inclusion in the Trust on such day. 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment to be duly executed by their
respective officers as of the day and year first above written. 
  

			
	 CHASE BANK USA, NATIONAL ASSOCIATION,
 as Transferor

		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President
	
	CHASE ISSUANCE TRUST
		
	By:	 	 WILMINGTON TRUST COMPANY,
 not in its individual
capacity but solely as Owner Trustee on behalf of the Trust

		
	By:	 	 /s/ Erik E. Overcash

	Name:	 	Erik E. Overcash
	Title:	 	Assistant Vice President

  

			
	Acknowledged by:
	
	CHASE BANK USA,
	 NATIONAL ASSOCIATION,
 as
Servicer

		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President

 Chase Issuance Trust 
 Assignment No. 23 (TSA) 

 Schedule 1 
 List of Additional Accounts 
 [TO BE DELIVERED BY THE TRANSFEROR TO THE OWNER TRUSTEE AND 

MARKED AS SCHEDULE 1 TO THIS ASSIGNMENT] 
 Schedule 1 

 Schedule 2 
 Chase Bank USA, National Association 
 Officer’s Certificate 
 August 12, 2008 
 Keith W.
Schuck, a duly authorized officer of Chase Bank USA, National Association (“Chase USA”), a national banking association, as transferor (the “Transferor”), hereby certifies and acknowledges on behalf of the Transferor that to the
best of his knowledge the following statements are true on August 12, 2008 (the “Addition Date”), and acknowledges on behalf of the Transferor that this Officer’s Certificate will be relied upon by Wilmington Trust Company, as
Owner Trustee on behalf of the Chase Issuance Trust (the “Trust” or “Issuing Entity”), in connection with the Trust entering into Assignment No. 23 of Receivables in Additional Accounts, dated as of the Addition Date (the
“Assignment”), by and between the Transferor and the Trust, in connection with the Third Amended and Restated Transfer and Servicing Agreement, dated as of December 19, 2007 (as heretofore supplemented and amended, the “Transfer and
Servicing Agreement”), each by and among Chase USA, as Transferor, Servicer and Administrator, the Issuing Entity and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent. The undersigned hereby certifies and
acknowledges on behalf of the Transferor that: 
 (a) Delivery of Assignment. On or prior to the Addition Date, (i) the
Transferor has delivered to the Trust the Assignment, and (ii) the Transferor has indicated in its computer files that the Receivables created in connection with the Additional Accounts have been transferred to the Issuing Entity. The
Transferor shall deliver to the Collateral Agent, as designee, on behalf of the Issuing Entity, a true and complete list (in the form of a computer file, microfiche list, CD-ROM or such other form as is agreed upon between the Transferor and the
Collateral Agent) of the Additional Accounts, identified by account number and the aggregate amount of the Receivables in each Additional Account as of the Addition Cut-Off Date, and stating to which Asset Pool the Additional Accounts belong, which
list shall, as of the Addition Date, modify and amend and be incorporated into and made a part of the Assignment and the Transfer and Servicing Agreement; 
 (b) Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Transferor enforceable against the Transferor in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be
limited by general principles of equity (whether considered in a suit at law or in equity); 
 Schedule 2-1 

 (c) Eligibility of Additional Accounts. As of the Addition Cut-Off Date, each Additional Account
designated thereby is an Eligible Account; 
 (d) Insolvency. As of each of the Addition Cut-Off Date and the Addition Date, no
Insolvency Event with respect to the Transferor has occurred and the transfer by the Transferor of Receivables arising in the Additional Accounts to the Trust has not been made in contemplation of the occurrence thereof; 
 (e) No Adverse Effect. The acquisition by the Trust of the Receivables arising in the Additional Accounts shall not, in the reasonable belief of
the Transferor, result in an Adverse Effect; 
 (f) Conditions Precedent. All requirements set forth in subsection 2.12(c) of the
Transfer and Servicing Agreement for designating and conveying Receivables arising in the Additional Accounts have been satisfied or waived; 
 (g) No Proceedings. There are no proceedings or investigations pending or, to the best knowledge of the Transferor, threatened against the Transferor before any court, regulatory body, administrative agency or other tribunal or
governmental instrumentality (i) asserting the invalidity of this Assignment, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the
reasonable judgment of the Transferor, would materially and adversely affect the performance by the Transferor of its obligations under this Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the
validity or enforceability of this Assignment; and 
 (h) All Consents. All authorizations, consents, orders or approvals of any court
or other governmental authority required to be obtained by the Transferor in connection with the execution and delivery of this Assignment by the Transferor and the performance of the transactions contemplated by this Assignment by the Transferor,
have been obtained. 
 Initially capitalized terms used herein and not otherwise defined are used as defined in the Transfer and Servicing Agreement.

 Schedule 2-2 

 IN WITNESS WHEREOF, I have hereunto set my hand on the date first set forth above. 
  

			
	CHASE BANK USA,
	NATIONAL ASSOCIATION
		
	By:	 	 /s/ Keith W. Schuck

	Name:	 	Keith W. Schuck
	Title:	 	President

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