Document:

EX-4.2

 EXHIBIT 4.2 
  

 
 CITIBANK CREDIT CARD MASTER TRUST I

 FORM OF THIRD AMENDED AND RESTATED 

POOLING AND SERVICING AGREEMENT 

between 
 CITIBANK, N.A., 

Seller and Servicer, 
 and 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

Trustee 
 Dated as of May 29,
1991 
 As Amended and Restated as of October 5, 2001 

As Further Amended and Restated as of August 9, 2011 

As Further Amended and Restated as of              , 2016 

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	  
	 Section 1.01.
	 	 Definitions
	  	 	2	  
	 Section 1.02.
	 	 Other Definitional Provisions
	  	 	21	  
	 ARTICLE II CONVEYANCE OF RECEIVABLES
	  	 	22	  
	 Section 2.01.
	 	 Conveyance of Receivables
	  	 	22	  
	 Section 2.02.
	 	 Acceptance by Trustee
	  	 	24	  
	 Section 2.03.
	 	 Representations and Warranties of the Sellers Relating to the Sellers
	  	 	25	  
	 Section 2.04.
	 	 Representations and Warranties of the Sellers Relating to the Agreement and any Supplement
and the Receivables
	  	 	26	  
	 Section 2.05.
	 	 Reassignment of Ineligible Receivables
	  	 	27	  
	 Section 2.06.
	 	 Reassignment of Certificateholders’ Interest in Trust Portfolio
	  	 	28	  
	 Section 2.07.
	 	 Covenants of the Sellers
	  	 	29	  
	 Section 2.08.
	 	 Covenants of Citibank, Additional Sellers, and Account Owners
	  	 	29	  
	 Section 2.09.
	 	 Addition of Accounts
	  	 	31	  
	 Section 2.10.
	 	 Removal of Accounts
	  	 	34	  
	 Section 2.11.
	 	 Account Allocations
	  	 	36	  
	 Section 2.12.
	 	 Dispute Resolution
	  	 	37	  
	 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES
	  	 	41	  
	 Section 3.01.
	 	 Acceptance of Appointment and Other Matters Relating to the Servicer
	  	 	41	  
	 Section 3.02.
	 	 Servicing Compensation
	  	 	42	  
	 Section 3.03.
	 	 Representations, Warranties and Covenants of the Servicer
	  	 	42	  
	 Section 3.04.
	 	 Reports and Records for the Trustee
	  	 	45	  
	 Section 3.05.
	 	 Annual Certificate of Servicer
	  	 	45	  
	 Section 3.06.
	 	 Annual Servicing Report of Independent Public Accountants; Copies of Reports
Available
	  	 	45	  
	 Section 3.07.
	 	 Tax Treatment
	  	 	46	  
	 Section 3.08.
	 	 Notices to Citibank
	  	 	46	  
	 Section 3.09.
	 	 Adjustments
	  	 	46	  
	 Section 3.10.
	 	 Reporting Request to Communicate
	  	 	47	  
	 ARTICLE IV RIGHTS OF CERTIFICATEHOLDERS AND ALLOCATION AND APPLICATION OF
COLLECTIONS
	  	 	47	  
	 Section 4.01.
	 	 Rights of Certificateholders
	  	 	47	  
	 Section 4.02.
	 	 Establishment of Collection Account
	  	 	48	  
	 Section 4.03.
	 	 Collections and Allocations
	  	 	49	  
	 Section 4.04.
	 	 Unallocated Principal Collections
	  	 	49	  
	 Section 4.05.
	 	 Additional Withdrawals from the Collection Account
	  	 	50	  
	 ARTICLE V DISTRIBUTIONS AND REPORTS TO CERTIFICATEHOLDERS
	  	 	50	  
	 ARTICLE VI THE CERTIFICATES
	  	 	50	  
	 Section 6.01.
	 	 The Certificates
	  	 	50	  
	 Section 6.02.
	 	 Authentication of Certificates
	  	 	51	  
	 Section 6.03.
	 	 New Issuances
	  	 	51	  

  
 i 

 TABLE OF CONTENTS 

(cont’d) 
  

							
	 	 	 	  	Page	 
	 Section 6.04.
	 	 Registration of Transfer and Exchange of Certificates
	  	 	52	  
	 Section 6.05.
	 	 Mutilated, Destroyed, Lost or Stolen Certificates
	  	 	55	  
	 Section 6.06.
	 	 Persons Deemed Owners
	  	 	55	  
	 Section 6.07.
	 	 Appointment of Paying Agent
	  	 	56	  
	 Section 6.08.
	 	 Access to List of Registered Certificateholders’ Names and Addresses
	  	 	56	  
	 Section 6.09.
	 	 Authenticating Agent
	  	 	57	  
	 Section 6.10.
	 	 Book-Entry Certificates
	  	 	58	  
	 Section 6.11.
	 	 Notices to Clearing Agency
	  	 	58	  
	 Section 6.12.
	 	 Definitive Certificates
	  	 	58	  
	 Section 6.13.
	 	 Global Certificate; Exchange Date
	  	 	59	  
	 Section 6.14.
	 	 Meetings of Certificateholders
	  	 	60	  
	 ARTICLE VII OTHER MATTERS RELATING TO THE SELLERS
	  	 	62	  
	 Section 7.01.
	 	 Liability of the Sellers
	  	 	62	  
	 Section 7.02.
	 	 Merger or Consolidation of, or Assumption of the Obligations of, the Sellers
	  	 	62	  
	 Section 7.03.
	 	 Limitations on Liability of the Sellers
	  	 	63	  
	 Section 7.04.
	 	 Liabilities
	  	 	63	  
	 ARTICLE VIII OTHER MATTERS RELATING TO THE SERVICER
	  	 	64	  
	 Section 8.01.
	 	 Liability of the Servicer
	  	 	64	  
	 Section 8.02.
	 	 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer
	  	 	64	  
	 Section 8.03.
	 	 Limitation on Liability of the Servicer and Others
	  	 	64	  
	 Section 8.04.
	 	 Servicer Indemnification of the Trust and the Trustee
	  	 	65	  
	 Section 8.05.
	 	 The Servicer Not To Resign
	  	 	65	  
	 Section 8.06.
	 	 Access to Certain Documentation and Information Regarding the Receivables
	  	 	65	  
	 Section 8.07.
	 	 Delegation of Duties
	  	 	65	  
	 Section 8.08.
	 	 Examination of Records
	  	 	66	  
	 ARTICLE IX AMORTIZATION EVENTS
	  	 	66	  
	 Section 9.01.
	 	 Amortization Events
	  	 	66	  
	 Section 9.02.
	 	 Additional Rights upon the Occurrence of Certain Events
	  	 	67	  
	 ARTICLE X SERVICER DEFAULTS
	  	 	68	  
	 Section 10.01.
	 	 Servicer Defaults
	  	 	68	  
	 Section 10.02.
	 	 Trustee To Act; Appointment of Successor
	  	 	70	  
	 Section 10.03.
	 	 Notification to Certificateholders
	  	 	71	  
	 ARTICLE XI THE TRUSTEE
	  	 	72	  
	 Section 11.01.
	 	 Duties of Trustee
	  	 	72	  
	 Section 11.02.
	 	 Certain Matters Affecting the Trustee
	  	 	73	  
	 Section 11.03.
	 	 Trustee Not Liable for Recitals in Certificates
	  	 	74	  
	 Section 11.04.
	 	 Trustee May Own Certificates
	  	 	75	  
	 Section 11.05.
	 	 The Servicer To Pay Trustee’s Fees and Expenses
	  	 	75	  
	 Section 11.06.
	 	 Eligibility Requirements for Trustee
	  	 	75	  
	 Section 11.07.
	 	 Resignation or Removal of Trustee
	  	 	75	  
	 Section 11.08.
	 	 Successor Trustee
	  	 	76	  
	 Section 11.09.
	 	 Merger or Consolidation of Trustee
	  	 	76	  
	 Section 11.10.
	 	 Appointment of Co-Trustee or Separate Trustee
	  	 	76	  
	 Section 11.11.
	 	 Tax Returns
	  	 	77	  
	 Section 11.12.
	 	 Trustee May Enforce Claims Without Possession of Certificates
	  	 	78	  

  
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 TABLE OF CONTENTS 

(cont’d) 
  

							
	 	 	 	  	Page	 
	 Section 11.13.
	 	 Suits for Enforcement
	  	 	78	  
	 Section 11.14.
	 	 Rights of Certificateholders To Direct Trustee
	  	 	79	  
	 Section 11.15.
	 	 Representations and Warranties of Trustee
	  	 	79	  
	 Section 11.16.
	 	 Maintenance of Office or Agency
	  	 	80	  
	 ARTICLE XII TERMINATION
	  	 	80	  
	 Section 12.01.
	 	 Termination of Trust
	  	 	80	  
	 Section 12.02.
	 	 Final Distribution
	  	 	80	  
	 Section 12.03.
	 	 Sellers’ Termination Rights
	  	 	81	  
	 ARTICLE XIII MISCELLANEOUS PROVISIONS
	  	 	82	  
	 Section 13.01.
	 	 Amendment; Waiver of Past Defaults
	  	 	82	  
	 Section 13.02.
	 	 Protection of Right, Title and Interest to Trust
	  	 	83	  
	 Section 13.03.
	 	 Limitation on Rights of Certificateholders
	  	 	84	  
	 Section 13.04.
	 	 GOVERNING LAW
	  	 	85	  
	 Section 13.05.
	 	 Notices; Payments
	  	 	85	  
	 Section 13.06.
	 	 Rule 144A Information
	  	 	87	  
	 Section 13.07.
	 	 Severability of Provisions
	  	 	87	  
	 Section 13.08.
	 	 Assignment
	  	 	87	  
	 Section 13.09.
	 	 Certificates Nonassessable and Fully Paid
	  	 	87	  
	 Section 13.10.
	 	 Further Assurances
	  	 	87	  
	 Section 13.11.
	 	 Nonpetition Covenant
	  	 	88	  
	 Section 13.12.
	 	 No Waiver; Cumulative Remedies
	  	 	88	  
	 Section 13.13.
	 	 Counterparts
	  	 	88	  
	 Section 13.14.
	 	 Third-Party Beneficiaries
	  	 	88	  
	 Section 13.15.
	 	 Actions by Certificateholders
	  	 	88	  
	 Section 13.16.
	 	 Merger and Integration
	  	 	88	  
	 Section 13.17.
	 	 Headings
	  	 	88	  
	 Section 13.18.
	 	 Sale; Security Interest
	  	 	89	  
	 Section 13.19.
	 	 Additional Representations, Warranties and Covenants Relating to UCC Article 9
	  	 	89	  
	 Section 13.20.
	 	 Intent of Parties Concerning Receivables Sold by Citibank
	  	 	90	  
	 ARTICLE XIV ASSET REPRESENTATIONS REVIEW TRIGGERS
	  	 	90	  
	 Section 14.01.
	 	 Delinquency Trigger
	  	 	90	  
	 Section 14.02.
	 	 Investor Action to Initiate an Asset Representations Review
	  	 	91	  
	
	EXHIBITS	  
			
	 Exhibit A
	 	 Form of Bank Certificate
	  			
	 Exhibit B
	 	 Form of Assignment of Receivables in Additional Accounts
	  			
	 Exhibit C
	 	 Form of Reassignment of Receivables in Removed Accounts
	  			
	 Exhibit D
	 	 Form of Annual Servicer’s Certificate
	  			
	 Exhibit E-1
	 	 Private Placement Legend
	  			
	 Exhibit E-2
	 	 Representation Letter
	  			
	 Exhibit E-3
	 	 ERISA Legend
	  			
	 Exhibit F
	 	 Form of Receivables Purchase Agreement
	  			
	 Exhibit G-1
	 	 Form of Certificate of Foreign Clearing Agency
	  			
	 Exhibit G-2
	 	 Form of Alternate Certificate to be delivered to Foreign Clearing Agency
	  			

  
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 TABLE OF CONTENTS 

(cont’d) 
  

					
	 	 	 	  	Page
	 Exhibit H-1
	 	 Form of Opinion of Counsel with respect to Amendments
	  	
	 Exhibit H-2
	 	 Form of Opinion of Counsel with respect to Accounts
	  	
	
	SCHEDULES
			
	 Schedule 1
	 	 List of Accounts [Intentionally Omitted]
	  	

  
 iv 

 THIRD AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT, dated as of May 29, 1991, as
amended and restated as of October 5, 2001 and as further amended and restated as of August 9, 2011, and as further amended and restated as of              , 2016,
between CITIBANK, N.A., a national banking association, Seller and Servicer and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, Trustee. 

W I T N E S S E T H: 

WHEREAS, Citibank (South Dakota), National Association (“Citibank (South Dakota)”), as Seller and Servicer, Citibank (Nevada),
National Association, as Seller, and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as successor to Yasuda Bank and Trust Company (U.S.A.), as Trustee, entered into that certain Amended and Restated Pooling and
Servicing Agreement, dated as of May 29, 1991, as amended and restated as of October 5, 2001, as further amended by Amendment No. 1 thereto dated as of December 31, 2003 and Amendment No. 2 thereto dated as of
December 19, 2005 and as supplemented by the Supplemental Agreement thereto dated as of October 1, 2006 (as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Prior Pooling
and Servicing Agreement”); and 
 WHEREAS, on October 1, 2006, Citibank (Nevada), National Association merged with and into
Citibank (South Dakota), with Citibank (South Dakota) being the surviving entity, and Citibank (South Dakota) assumed the performance of every covenant and obligation of Citibank (Nevada), National Association, as Seller, under the Prior Pooling and
Servicing Agreement; and 
 WHEREAS, on July 1, 2011, Citibank (South Dakota) merged with and into Citibank, N.A.
(“Citibank”), with Citibank being the surviving entity (the “Bank Merger”) and, by operation of law as a result of the Bank Merger, Citibank is obligated for the performance of every covenant and obligation of Citibank (South
Dakota) as Seller and Servicer under the Prior Pooling and Servicing Agreement; and 
 WHEREAS, in accordance with Section 7.02(a) and
Section 8.02(a) of the Prior Pooling and Servicing Agreement, Citibank and Deutsche Bank Trust Company Americas entered into that certain Supplemental Agreement, dated as of July 1, 2011, pursuant to which Citibank expressly assumed the
performance of every covenant and obligation of Citibank (South Dakota) as Seller and Servicer under the Prior Pooling and Servicing Agreement; and 

WHEREAS, Citibank, as Seller and Servicer and Deutsche Bank Trust Company Americas, as Trustee, entered into that certain Second Amended and
Restated Pooling and Servicing Agreement, dated as of August 9, 2011 (the “Second Amended and Restated Pooling and Servicing Agreement”). 

 WHEREAS, this Agreement shall not constitute a novation and shall in no way adversely affect or
impair the effectiveness of the sales and assignments made, or the priority of the liens granted, prior to the date of this Agreement with respect to the Receivables sold to the Trust pursuant to the Prior Pooling and Servicing Agreement and/or the
Second Amended and Restated Pooling and Servicing Agreement; and 
 WHEREAS, the parties hereto desire to amend certain provisions of the
Second Amended and Restated Pooling and Servicing Agreement; and 
 WHEREAS, the parties hereto intend that this amendment and restatement
not result in the creation of a new Trust, but rather that the Trust as created pursuant to the Pooling and Servicing Agreement, dated as of May 29, 1991 and continued pursuant to that certain Amended and Restated Pooling and Servicing
Agreement, dated as of October 5, 2001, and continued pursuant to that certain Second Amended and Restated Pooling and Servicing Agreement, shall continue to exist pursuant to this amendment and restatement. 

NOW, THEREFORE, in consideration of the mutual agreements herein contained, the parties hereby amend and restate the Second Amended and
Restated Pooling and Servicing Agreement in its entirety and further agree as follows for the benefit of the other parties, the Certificateholders and any Series Enhancer (as defined below) to the extent provided herein and in any Supplement: 

ARTICLE I 
 DEFINITIONS 

Section 1.01. Definitions Whenever used in this Agreement, the following words and phrases shall have the following meanings, and
the definitions of such terms are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and neuter genders of such terms. 

“60+-Day Delinquency Rate” shall mean, for any Due Period, the delinquency rate calculated as a ratio (expressed as a
percentage) of the aggregate dollar amount of Receivables that are 60 or more days delinquent to the aggregate dollar amount of all of the Receivables, measured as of the end of such Due Period. 

“AAA” shall have the meaning specified in Section 2.12(b)(i). 

“Account” shall mean (a) each Initial Account, (b) each Additional Account (but only from and after the Addition
Date with respect thereto), (c) each Related Account and (d) each Transferred Account, but shall exclude any Account all the Receivables in which are either reassigned or assigned to the Sellers or their designee or the Servicer in
accordance with the terms of this Agreement. 
 “Account Owner” shall mean any Seller, Additional Seller, or any Affiliate
of a Seller which is the issuer of the credit card relating to an Account established pursuant to a Credit Card Agreement. 

“Act” shall mean the Securities Act of 1933, as amended. 

  
 2 

 “Addition Date” shall mean (a) with respect to Lump Addition Accounts, the
date from and after which such Lump Addition Accounts are to be included as Accounts pursuant to Section 2.09(a) or (b), (b) with respect to Participation Interests, the date from and after which such Participation Interests are to be
included as assets of the Trust pursuant to Section 2.09(a) or (b), and (c) with respect to New Accounts, the first Distribution Date following the calendar month in which such New Accounts are originated. 

“Additional Account” shall mean each New Account and each Lump Addition Account. 

“Additional Cut-Off Date” shall mean (a) with respect to Lump Addition Accounts or Participation Interests, the date
specified as such in the notice delivered with respect thereto pursuant to Section 2.09(d) and (b) with respect to New Accounts, the date on which such New Accounts are originated. 

“Additional Seller” shall have the meaning specified in Section 2.09(f). 

“Adjustment Payment” shall have the meaning specified in Section 3.09(a). 

“Adverse Effect” shall mean, with respect to any action, that such action will (a) result in the occurrence of an
Amortization Event or (b) adversely affect the amount of distributions to be made to the Investor Certificateholders of any Series or Class pursuant to this Agreement and the related Supplement or the timing of such distributions. 

“Affiliate” shall mean, with respect to any specified Person, any other Person controlling or controlled by or under common
control with such specified Person. For the purposes of this definition, “control” shall mean the power to direct the management and policies of a Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Agreement” shall mean this Pooling and Servicing Agreement and all amendments hereof and supplements hereto, including, with
respect to any Series or Class, the related Supplement. 
 “Amendment Date” shall mean
             , 2016. 
 “American Express” shall
mean American Express Company. 
 “Amortization Event” shall have the meaning specified in Section 9.01 and, with
respect to any Series, shall also mean any Amortization Event specified in the related Supplement. 
 “Applicants” shall
have the meaning specified in Section 6.08. 
 “Appointment Date” shall have the meaning specified in
Section 9.02(a). 
 “APR” shall mean the annual percentage rate or rates determined in the manner described in the
Credit Card Agreement applicable to each Account. 

  
 3 

 “Asset Representations Review” shall have the meaning assigned to the term
“Review” in the Asset Representations Review Agreement. 
 “Asset Representations Review Agreement” shall mean
that certain Asset Representations Review Agreement, dated as of [             , 2016], among Citibank, N.A., as Seller and Servicer and the Asset Representations
Reviewer. 
 “Asset Representations Reviewer” shall mean FTI Consulting, Inc., a Maryland corporation, and
its successors and any entity resulting from or surviving any consolidation or merger to which it or its successors may be a party, and any successor asset representations reviewer appointed as provided in the Asset Representations Review
Agreement. 
 “Asset Review Quorum” shall mean Holders of Investor Certificates evidencing at least 5% of the aggregate
unpaid principal amount of Investor Certificates outstanding. 
 “Assignment” shall have the meaning specified in
Section 2.09(g). 
 “Authorized Newspaper” shall mean any newspaper or newspapers of general circulation in the
Borough of Manhattan, The City of New York, printed in the English language (and, with respect to any Series or Class, if and so long as the Investor Certificates of such Series or Class are listed on the Luxembourg Stock Exchange and such exchange
shall so require, in Luxembourg, printed in any language satisfying the requirements of such exchange) and customarily published on each business day at such place, whether or not published on Saturdays, Sundays or holidays. 

“Average Rate” shall mean the percentage equivalent of a decimal equal to the sum of the amounts for each outstanding Series
and Class obtained by multiplying (a) the sum of the Certificate Rate for such Series or Class plus the Net Servicing Fee Rate for such Series or Class, by (b) a fraction, the numerator of which is the aggregate unpaid principal amount of
the Investor Certificates of such Series or Class and the denominator of which is the aggregate unpaid principal amount of all Investor Certificates. 

“Bank Certificate” shall mean the certificate executed by the Bank and authenticated by or on behalf of the Trustee,
substantially in the form of Exhibit A. 
 “Bank” shall mean Citibank and, as the context requires, any of its
predecessors. 
 “Bank Merger” shall have the meaning specified in the recitals hereto. 

“Bank’s Interest” shall have the meaning specified in Section 2.09(a). 

“Benefit Plan” shall have the meaning specified in Section 6.04(c). 

“Book-Entry Certificates” shall mean beneficial interests in the Investor Certificates, ownership and transfers of which
shall be made through book entries by a Clearing Agency as described in Section 6.10. 

  
 4 

 “Business Day” shall mean 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. 
 “Cash Advance Fees” shall mean cash advance
transaction fees as specified in the Credit Card Agreement applicable to each Account. 
 “Certificate” shall mean any one
of the Investor Certificates or the Sellers’ Certificate. 
 “Certificateholder” or “Holder” shall
mean an Investor Certificateholder or a Person in whose name any one of the Sellers’ Certificate is registered. 

“Certificateholders’ Interest” shall have the meaning specified in Section 4.01. 

“Certificate Owner” shall mean, with respect to a Book-Entry Certificate, the Person who is the owner of such Book-Entry
Certificate, as reflected on the books of the Clearing Agency, or on the books of a Person maintaining an account with such Clearing Agency (directly or as an indirect participant, in accordance with the rules of such Clearing Agency). 

“Certificate Rate” shall mean, with respect to any Series or Class, the certificate rate specified therefor in the related
Supplement. 
 “Certificate Register” shall mean the register maintained pursuant to Section 6.04, providing for the
registration of the Registered Certificates and transfers and exchanges thereof. 
 “Citibank” shall mean Citibank, N.A., a
national banking association, and its successors. 
 “Class” shall mean, with respect to any Series, any one of the classes
of Investor Certificates of that Series. 
 “Clearing Agency” shall mean an organization registered as a “clearing
agency” pursuant to Section 17A of the Securities Exchange Act of 1934, as amended. 
 “Clearing Agency
Participant” shall mean a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 

“Clearstream” shall mean Clearstream Banking, société anonyme. 

“Closing Date” shall mean, with respect to any Series, the closing date specified in the related Supplement. 

“Collection Account” shall have the meaning specified in Section 4.02. 

“Collections” shall mean all payments by or on behalf of Obligors (including Insurance Proceeds generally, but excluding
Insurance Proceeds and other amounts constituting Recoveries of Principal Receivables) received in respect of the Receivables, in the form of cash, checks, 

  
 5 

 
wire transfers, electronic transfers, ATM transfers or any other form of payment in accordance with a Credit Card Agreement in effect from time to time. Collections shall also include
(a) all Recoveries with respect to Finance Charge Receivables previously charged off as uncollectible and (b) a portion, determined pursuant to Section 2.08(e), of the Interchange paid or payable to Citibank or any Additional Seller.

 “Common Depositary” shall mean the Person specified in the applicable Supplement, in its capacity as common depositary
for the respective accounts of any Foreign Clearing Agencies. 
 “Corporate Trust Office” shall have the meaning specified
in Section 11.16. 
 “Credit Card Agreement” shall mean, with respect to a revolving credit card account, the
agreements between Citibank or any Additional Seller or other Account Owner, as the case may be, and the Obligor governing the terms and conditions of such account, as such agreements may be amended, modified or otherwise changed from time to time
and as distributed (including any amendments and revisions thereto) to holders of such account. 
 “Credit Card Guidelines”
shall mean the policies and procedures of Citibank or any Additional Seller or other Account Owner, as the case may be, as such policies and procedures may be amended from time to time, (a) relating to the operation of its credit card business,
which generally are applicable to its entire portfolio of revolving credit card accounts and are consistent with prudent practice, including the policies and procedures for determining the creditworthiness of credit card customers and the extension
of credit to credit card customers, and (b) relating to the maintenance of credit card accounts and collection of credit card receivables. 

“Date of Processing” shall mean, with respect to any transaction, the date on which such transaction is first recorded on the
Servicer’s computer file of revolving credit card accounts (without regard to the effective date of such recordation). 

“Defaulted Amount” shall mean, with respect to any Due Period, an amount (which shall not be less than zero) equal to
(a) the amount of Principal Receivables which became Defaulted Receivables in such Due Period, minus (b) the sum of (i) the amount of Recoveries received in such Due Period with respect to Principal Receivables previously charged off
as uncollectible, (ii) the amount of any Defaulted Receivables of which the Sellers or the Servicer became obligated to accept reassignment or assignment in accordance with the terms of this Agreement during such Due Period and (iii) the
excess, if any, for the immediately preceding Due Period of the sum computed pursuant to this clause (b) for such Due Period over the amount of Principal Receivables which became Defaulted Receivables in such Due Period; provided,
however, that, if an Insolvency Event occurs with respect to any of the Sellers, the amount of such Defaulted Receivables which are subject to reassignment to the Sellers in accordance with the terms of this Agreement shall not be added to
the sum so subtracted and, if any of the events described in Section 10.01(d) occur with respect to the Servicer, the amount of such Defaulted Receivables which are subject to reassignment or assignment to the Servicer in accordance with the
terms of this Agreement shall not be added to the sum so subtracted. 
 “Defaulted Receivables” shall mean, with respect to
any Due Period, all Principal Receivables which are charged off as uncollectible in such Due Period. A Principal Receivable 

  
 6 

 
shall become a Defaulted Receivable on the day on which such Principal Receivable is recorded as charged off on the Servicer’s computer file of revolving credit card accounts in accordance
with the Credit Card Guidelines but, in any event, shall be deemed a Defaulted Receivable no later than the earlier of (a) the day it becomes 180 days delinquent unless the Obligor has made a payment with respect to the Account which satisfies
the criteria for curing delinquencies set forth in the Credit Card Guidelines and (b) 60 days after receipt of notice by the Servicer that the Obligor has filed for bankruptcy or has had a bankruptcy petition filed against it. 

“Definitive Certificates” shall have the meaning specified in Section 6.10. 

“Definitive Euro-Certificates” shall have the meaning specified in Section 6.13. 

“Delinquency Trigger” shall mean each occurrence, as determined by the Servicer, where the Three-Month Average 60+-Day
Delinquency Rate equals or exceeds the then-current Delinquency Trigger Rate. 
 “Delinquency Trigger Rate” shall mean,
initially, 8.76%, which percentage will be reviewed and may be adjusted from time to time as set forth in Sections 14.01(b) and 14.01(c). 

“Deposit Date” shall mean each day on which the Servicer deposits Collections in the Collection Account. 

“Depository Agreement” shall mean, with respect to any Series or Class, the agreement among the Sellers, the Trustee and the
Clearing Agency in the form prescribed by such Clearing Agency from time to time. 
 “Determination Date” shall mean the
earlier of the fifth Business Day and the eighth calendar day preceding each Distribution Date. 
 “Distribution Date”
shall mean the seventh day of each calendar month, or, if such seventh day is not a Business Day, the next succeeding Business Day. 

“Document Delivery Date” shall have the meaning specified in Section 2.09(g). 

“Due Period” shall mean, with respect to each Distribution Date, the period beginning at the close of business on the
fourth-to-last Business Day of the second month preceding such Distribution Date and ending at the close of business on the fourth-to-last Business Day of the month immediately preceding such Distribution Date. 

“Early Amortization Period” shall mean, with respect to any Series, the period beginning at the close of business on the
Business Day immediately preceding the day on which an Amortization Event is deemed to have occurred, and ending upon the earlier to occur of (i) the payment in full to the Investor Certificateholders of such Series of the Invested Amount with
respect to such Series and (ii) the Termination Date with respect to such Series. 
 “Eligible Account” shall mean a
revolving credit card account owned by Citibank, in the case of the Initial Accounts, or Citibank or any Additional Seller or other Account Owner, in the case of Additional Accounts which, as of the Trust Cut-Off Date with respect to an Initial
Account or as of the Additional Cut-Off Date with respect to an Additional Account: 
 (a) is in existence and maintained by
Citibank, in the case of the Initial Accounts, or Citibank or any Additional Seller or other Account Owner, in the case of Additional Accounts; 

  
 7 

 (b) is payable in United States dollars; 

(c) in the case of the Initial Accounts, has a cardholder who has provided, as his most recent billing address, an address
located in the United States or its territories or possessions or a military address; 
 (d) has a cardholder who has not
been identified by Citibank or the applicable Additional Seller or other Account Owner in its computer files as being involved in a voluntary or involuntary bankruptcy proceeding; 

(e) has not been identified as an Account with respect to which the related card has been lost or stolen; 

(f) has not been sold or pledged to any other party except for any sale to any Seller, Additional Seller or other Account
Owner; 
 (g) does not have receivables which have been sold or pledged to any other party other than any sale of receivables
to a Seller or Additional Seller pursuant to a Receivables Purchase Agreement; and 
 (h) in the case of the Initial
Accounts, is a “VISA” or “MasterCard” revolving credit card account.* 
 “Eligible Deposit Account”
shall mean either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States or any one of the
states thereof, including the District of Columbia (or any domestic branch of a foreign bank), and acting as a trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating
from each Rating Agency in one of its generic credit rating categories which signifies investment grade. 
 “Eligible
Institution” shall mean a depository institution organized under the laws of the United States or any one of the states thereof, including the District of Columbia (or any domestic branch of a foreign bank), which at all times (a) has
(i) a long-term unsecured debt rating of A2 or better by Moody’s and (ii) a certificate of deposit rating of P-1 by Moody’s, (b) has (i) in the case of the Collection Account, if such depository institution is an
Affiliate of Citigroup Inc., a certificate of deposit rating of A-1 or better by Standard & Poor’s or (ii) for any other depository institution (or for any Affiliate of Citigroup Inc., in the case of any Series Account), either
(x) a long-term unsecured debt rating of AAA by Standard & Poor’s or (y) a certificate of deposit rating of A-1+ by Standard & Poor’s and (c) is a member of the FDIC. If so qualified, the Trustee or the
Servicer may be considered an Eligible Institution for the purposes of this definition. 
  

 

	*	“MasterCard” and “VISA” are registered trademarks of MasterCard International Incorporated and of VISA U.S.A., Inc., respectively. 

  
 8 

 “Eligible Investments” shall mean book-entry securities, negotiable instruments
or securities represented by instruments in registered form which evidence: 
 (a) direct obligations of, and obligations
fully guaranteed as to timely payment by, the United States of America; 
 (b) demand deposits, time deposits or certificates
of deposit (having original maturities of no more than 365 days) of depository institutions or trust companies incorporated under the laws of the United States of America or any state thereof (or domestic branches of foreign banks) and subject to
supervision and examination by federal or state banking or depository institution authorities; provided that at the time of the Trust’s investment or contractual commitment to invest therein, the short-term debt rating of such depository
institution or trust company shall be in the highest investment category of each Rating Agency; 
 (c) commercial paper
(having remaining maturities of no more than 30 days) having, at the time of the Trust’s investment or contractual commitment to invest therein, a rating from each Rating Agency in its highest investment category; 

(d) investments in money market funds rated in the highest investment category by each Rating Agency or otherwise approved in
writing by each Rating Agency; 
 (e) demand deposits, time deposits and certificates of deposit which are fully insured by
the FDIC; 
 (f) notes or bankers’ acceptances (having original maturities of no more than 365 days) issued by any
depository institution or trust company referred to in (b) above; 
 (g) time deposits (having maturities of no more
than 30 days), other than as referred to in clause (e) above, with a Person the commercial paper of which has a credit rating from each Rating Agency in its highest investment category or notes which are payable on demand issued by Citigroup
Inc. or an Affiliate thereof; provided that such notes will constitute Eligible Investments only for so long as the commercial paper of Citigroup Inc. or such Affiliate, as the case may be, has a credit rating from each Rating Agency in its
highest investment category; or 
 (h) any other investments approved in writing by each Rating Agency. 

The Trustee (or the Servicer) may, but is not required to, purchase Eligible Investments from a registered broker-dealer which is an Affiliate
of the Trustee or Citibank. 
 “Eligible Receivable” shall mean each Receivable: 

(a) which has arisen in an Eligible Account; 

  
 9 

 (b) which was created in compliance in all material respects with all applicable
Requirements of Law and pursuant to a Credit Card Agreement which complies in all material respects with all applicable Requirements of Law; 

(c) with respect to which all material consents, licenses, approvals or authorizations of, or registrations or declarations
with, any Governmental Authority required to be obtained, effected or given in connection with the creation of such Receivable or the execution, delivery and performance (other than by the Obligor) of the Credit Card Agreement pursuant to which such
Receivable was created, have been duly obtained, effected or given and are in full force and effect; 
 (d) as to which at
the time of the transfer of such Receivable to the Trust, the Sellers or the Trust will have good and marketable title thereto free and clear of all Liens arising prior to the transfer or arising at any time; 

(e) which has been the subject of either a valid transfer and assignment from the Sellers to the Trust of all the Sellers’
right, title and interest therein (including any proceeds thereof), or the grant of a first priority perfected security interest therein (and in the proceeds thereof), effective until the termination of the Trust; 

(f) which will at all times be the legal, valid and binding payment obligation of the Obligor thereon enforceable against such
Obligor 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); 

(g) which, at the time of transfer to the Trust, has not been waived or modified except for a Receivable which has been waived
or modified as permitted in accordance with the Credit Card Guidelines and which waiver or modification is reflected in the applicable Seller’s and/or Account Owner’s computer file of revolving credit card accounts; 

(h) which, at the time of transfer to the Trust, is not subject to any right of rescission, setoff, counterclaim or any other
defense (including defenses arising out of violations of usury laws) of the Obligor, other than defenses arising out of applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’
rights in general; 
 (i) as to which, at the time of transfer to the Trust, the Sellers or other Account Owners, as the case
may be, have satisfied all their obligations required to be satisfied by such time; 
 (j) as to which, at the time of
transfer to the Trust, neither the Sellers nor other Account Owners, as the case may be, have taken any action which would impair, or omitted to take any action the omission of which would impair, the rights of the Trust or the Certificateholders
therein; and 

  
 10 

 (k) which constitutes an “account” under and as defined in Article 9 of
the UCC as then in effect. 
 “Eligible Servicer” shall mean the Trustee or an entity which, at the time of its appointment
as Servicer, (a) is servicing a portfolio of revolving credit card accounts, (b) is legally qualified and has the capacity to service the Accounts, (c) in the sole determination of the Trustee, which determination shall be conclusive
and binding, has demonstrated the ability to service professionally and competently a portfolio of similar accounts in accordance with high standards of skill and care, (d) is qualified to use the software that is then being used to service the
Accounts or obtains the right to use or has its own software which is adequate to perform its duties under this Agreement, (e) has a net worth of at least $50,000,000 as of the end of its most recent fiscal quarter and (f) has a long-term
debt rating of at least Baa3 by Moody’s and BBB- by Standard & Poor’s. 
 “Enhancement Agreement” shall
mean any agreement, instrument or document governing the terms of any Series Enhancement or pursuant to which any Series Enhancement is issued or outstanding. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 

“Euroclear Operator” shall mean Euroclear Bank S.A./N.V, as operator of the Euroclear System. 

“Excess Principal Collections” shall have the meaning specified in Section 4.04. 

“Exchange Date” shall mean, with respect to any Series, any date that is after the related Series Issuance Date. 

“Excluded Receivables” shall mean all amounts payable by cardholders under any Account which are recorded on the books and
records of the applicable Account Owner as “Charges” as defined under the Telecommunications Card Service Agreement, dated as of April 2, 1998, between Citicorp and AT&T Corp., as amended to the date hereof and as such agreement
may be amended from time to time hereafter. 
 “FDIC” shall mean the Federal Deposit Insurance Corporation or any
successor. 
 “Finance Charge Receivables” shall mean all amounts billed to the Obligors on any Account in respect of
(a) Periodic Rate Finance Charges, (b) Cash Advance Fees, (c) Late Payment Fees, (d) annual membership fees with respect to the Accounts, (e) any other fees with respect to the Accounts designated by the Sellers by notice to
the Trustee at any time and from time to time to be included as Finance Charge Receivables and (f) the amount of all Principal Receivables Discounts. All Recoveries with respect to Finance Charge Receivables previously charged off as
uncollectible will be treated as Finance Charge Receivables. Finance Charge Receivables with respect to any Due Period shall include a portion, determined pursuant to Section 2.08(e), of the Interchange paid or payable to Citibank or any
Additional Seller with respect to such Due Period. 

  
 11 

 “FIRREA” shall mean the Financial Institutions Reform, Recovery and Enforcement
Act of 1989, as amended. 
 “Foreign Clearing Agency” shall mean Clearstream and the Euroclear Operator. 

“Global Certificate” shall have the meaning specified in Section 6.13. 

“Governmental Authority” shall mean the United States of America, any state or other political subdivision thereof and any
entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Group” shall mean, with respect to any Series, the group of Series, if any, in which the related Supplement specifies such
Series is to be included. 
 “Inactive Account” shall mean any Account (i) that has been open for a period of at least
twenty-four months, (ii) the Receivables balance of which has been equal to $0.00 for a period of at least twenty-four months, (iii) that has been placed in a status that, in accordance with customary and usual servicing procedures and in
accordance with the Credit Card Guidelines, prevents future Receivables authorizations from being granted, and (iv) that has remained inactive with no monetary activity for a period of at least twenty-four months. 

“Inactive Account Removal Date” shall have the meaning specified in Section 2.10(b)(i). 

“Ineligible Receivables” shall have the meaning specified in Section 2.05(a). 

“Initial Account” shall mean each “MasterCard” and “VISA” account established pursuant to a Credit Card
Agreement between Citibank and any Person, which account is identified in the computer file or microfiche list delivered to the Trustee by the Sellers pursuant to Section 2.01. 

“Insolvency Event” shall have the meaning specified in Section 9.01(c). 

“Insolvency Proceeds” shall have the meaning specified in Section 9.02(b). 

“Insurance Proceeds” shall mean any amounts received pursuant to any credit life insurance policies, credit disability or
unemployment insurance policies covering any Obligor with respect to Receivables under such Obligor’s Account. 

“Interchange” shall mean interchange fees payable to Citibank or any Additional Seller or other Account Owner, in its
capacity as credit card issuer, through VISA, MasterCard, American Express or any other similar entity or organization with respect to any other type of revolving credit card accounts included as Accounts (except as otherwise provided in the initial
Assignment with respect to any such other type of Accounts), in connection with cardholder charges for goods and services. 

“Internal Revenue Code” or “Code” shall mean the Internal Revenue Code of 1986, as amended. 

  
 12 

 “Invested Amount” shall mean, with respect to any Series and for any date, an
amount equal to the invested amount specified in the related Supplement. 
 “Investment Company Act” shall mean the
Investment Company Act of 1940, as amended. 
 “Investor Certificateholder” shall mean the Person in whose name a
Registered Certificate or Global Certificate is registered in the Certificate Register. 
 “Investor Certificates” shall
mean any one of the certificates (including the Registered Certificates or any Global Certificate) executed by the Bank and authenticated by or on behalf of the Trustee, substantially in the form attached to the related Supplement, other than the
Sellers’ Certificate. 
 “Late Payment Fees” shall have the meaning specified in the Credit Card Agreement applicable
to each Account or any similar term but shall not include Cash Advance Fees. 
 “Lien” shall mean any mortgage, deed of
trust, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever, including any conditional sale or
other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the filing of any financing statement under the UCC or comparable law of any jurisdiction to evidence any of the
foregoing; provided, however, that any assignment permitted by Section 7.02 and the lien created by this Agreement shall not be deemed to constitute a Lien. 

“Lump Addition” shall mean the designation of additional Eligible Accounts to be included as Accounts or of Participation
Interests to be included as Trust Assets pursuant to Section 2.09(a) or (b). 
 “Lump Addition Account” shall mean
each revolving credit card account established pursuant to a Credit Card Agreement, which account is designated pursuant to Section 2.09(a) or (b) to be included as an Account and is identified in the computer file or microfiche list
delivered to the Trustee by the Sellers pursuant to Sections 2.01 and 2.09(g). 
 “Manager” shall mean the lead manager,
manager or co-manager or person performing a similar function with respect to an offering of Definitive Euro-Certificates. 

“MasterCard” shall mean MasterCard International Incorporated. 

“Miscellaneous Payments” shall mean, with respect to any Due Period, the sum of (a) Adjustment Payments and Transfer
Deposit Amounts deposited in the Collection Account on the related Distribution Date and (b) Unallocated Principal Collections on such Distribution Date available to be treated as Miscellaneous Payments pursuant to Section 4.04. 

“Moody’s” shall mean Moody’s Investors Service, Inc. or its successor. 

  
 13 

 “Net Servicing Fee Rate” shall mean, with respect to any Series, the net
servicing fee rate, if any, specified in the related Supplement. 
 “New Account” shall mean each revolving credit card
account established pursuant to a Credit Card Agreement, which account is designated pursuant to Section 2.09(c) to be included as an Account and is identified in the computer file or microfiche list delivered to the Trustee by the Sellers
pursuant to Sections 2.01 and 2.09(g). 
 “Obligor” shall mean, with respect to any Account, the Person or Persons
obligated to make payments with respect to such Account, including any guarantor thereof. 
 “Officer’s Certificate”
shall mean, unless otherwise specified in this Agreement, a certificate delivered to the Trustee signed by the President, any Vice President or the Treasurer of a Seller or the Servicer, as the case may be, or by the President, any Vice President or
the financial controller (or an officer holding an office with equivalent or more senior responsibilities) of a Successor Servicer. 

“Opinion of Counsel” shall mean a written opinion of counsel, who may be counsel for, or an employee of, the Person providing
the opinion and who shall be reasonably acceptable to the Trustee and, in the case of an opinion to be delivered to any Series Enhancer, to such Series Enhancer. 

“Participation Interests” shall have the meaning specified in Section 2.09(a). 

“Paying Agent” shall mean any paying agent and co-paying agent appointed pursuant to Section 6.07. 

“Periodic Rate” shall mean the periodic rate or rates determined in the manner described in the Credit Card Agreement
applicable to each Account. 
 “Periodic Rate Finance Charges” shall have the meaning specified in the Credit Card
Agreement applicable to each Account for finance charges (due to periodic rate) or any similar term. 
 “Person” shall mean
any legal person, including any individual, corporation, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, governmental entity or other entity of similar nature. 

“Portfolio Yield” shall mean with respect to any Due Period, the annualized percentage equivalent of a fraction, the
numerator of which is the amount of Collections of Finance Charge Receivables during the immediately preceding Due Period calculated on a cash basis, after subtracting therefrom (a) the excess, if any, of the amount of Principal Receivables
which were charged off as uncollectible in such immediately preceding Due Period over the aggregate amount of recoveries on charged-off Principal Receivables for such immediately preceding Due Period and (b) the aggregate amount of Servicer
Interchange with respect to all outstanding Series for such immediately preceding Due Period, and the denominator of which is the total amount of Principal Receivables as of the last day of such immediately preceding Due Period; provided,
however, that, with respect to any Due Period in which a Lump Addition occurs or a removal of Accounts pursuant to Section 2.10 occurs, the denominator of such fraction shall be 

  
 14 

 
the weighted average amount of Principal Receivables in the Trust on the date on which such Lump Addition or removal of Accounts occurs (after giving effect thereto) and the last day of such
immediately preceding Due Period. 
 “Principal Receivables” shall mean amounts (other than such amounts, including the
amounts of any Principal Receivables Discounts, which represent Finance Charge Receivables) billed to the Obligor on any Account in respect of (a) purchases of goods or services, (b) cash advances and (c) all other fees and charges
billed to cardholders on the Accounts. Any Principal Receivables which the Sellers are unable to transfer as provided in Section 2.11 shall not be included in calculating the amount of Principal Receivables. 

“Principal Receivables Discount” shall mean, with respect to any Account designated by the Sellers, the portion of the
related Principal Receivables which represents a discount from the face value thereof. The amount of any Principal Receivables Discount shall be equal to a specified percentage (determined by the Sellers in their sole discretion) of the amounts
billed to the Obligor on any such Account in respect of purchases of goods and services and cash advances. Such percentage shall be deemed to be zero with respect to all the Accounts, unless and until the Sellers shall give the Trustee notice of any
Accounts (or types of Accounts) to be subject to any such discount and the applicable discount percentage. 
 “Principal
Shortfalls” shall have the meaning specified in Section 4.04. 
 “Principal Terms” shall mean, with respect
to any Series, (i) the name or designation; (ii) the initial principal amount (or method for calculating such amount); (iii) the Certificate Rate (or method for the determination thereof); (iv) the payment date or dates and the
date or dates from which interest shall accrue; (v) the method for allocating collections to Investor Certificateholders; (vi) the designation of any Series Accounts and the terms governing the operation of any such Series Accounts;
(vii) the Servicing Fee Rate, if any, the Net Servicing Fee Rate, if any, and the method of calculating Servicer Interchange, if any; (viii) the issuer and terms of any form of Series Enhancements with respect thereto; (ix) the terms
on which the Investor Certificates of such Series may be exchanged for Investor Certificates of another Series, repurchased by the Bank or remarketed to other investors; (x) the Termination Date; (xi) the number of Classes of Investor
Certificates of such Series and, if more than one Class, the rights and priorities of each such Class; (xii) the extent to which the Investor Certificates of such Series will be issuable in temporary or permanent global form (and, in such case,
the depositary for such global certificate or certificates, the terms and conditions, if any, upon which such global certificate may be exchanged, in whole or in part, for Definitive Certificates, and the manner in which any interest payable on a
temporary or global certificate will be paid); (xiii) [RESERVED]; (xiv) the priority of such Series with respect to any other Series; (xv) whether such Series will be part of a Group; and (xvi) any other terms of such Series.

 “Prior Pooling and Servicing Agreement” shall have the meaning specified in the recitals hereto. 

“Qualified Dispute Resolution Professional” shall mean an attorney or retired judge that is independent, impartial,
knowledgeable about and experienced with the laws of the State of New York, specializing in commercial litigation with at least 15 years of experience and whose name is on a list of neutral parties maintained by the AAA. 

  
 15 

 “Rating Agency” shall mean, with respect to any outstanding Series or Class,
each statistical rating agency selected by the Sellers to rate the Investor Certificates of such Series or Class. 
 “Rating Agency
Condition” shall mean, with respect to any action, that each Rating Agency shall have notified the Sellers, the Servicer and the Trustee in writing that such action will not result in a reduction or withdrawal of the rating of any
outstanding Series or Class with respect to which it is a Rating Agency. 
 “Reassignment” shall have the meaning specified
in Section 2.10. 
 “Receivables” shall mean all amounts shown on the Servicer’s records as amounts payable by
Obligors on any Account from time to time, other than Excluded Receivables. Receivables which become Defaulted Receivables will cease to be included as Receivables as of the day on which they become Defaulted Receivables. 

“Receivables Purchase Agreement” shall mean a receivables purchase agreement, substantially in the form of Exhibit F, between
an Account Owner and a Seller or Additional Seller pursuant to which a Seller or Additional Seller acquires Receivables or interests in Receivables; provided, however, that (a) the Rating Agency Condition is satisfied with respect
to the applicable Account Owner entering into such Receivables Purchase Agreement, and (b) the applicable Seller or Additional Seller shall have delivered to the Trustee an Officer’s Certificate to the effect that such officer reasonably
believes that the execution, delivery and performance of such Receivables Purchase Agreement will not have an Adverse Effect. 

“Record Date” shall mean, with respect to any Distribution Date, the last day of the calendar month immediately preceding
such Distribution Date. 
 “Recoveries” shall mean all amounts received (net of out-of-pocket costs of collection),
including Insurance Proceeds, with respect to Receivables which have previously become Defaulted Receivables, including the net proceeds of any sale of such Defaulted Receivables by the Sellers. 

“Registered Certificateholder” shall mean the Holder of a Registered Certificate. 

“Registered Certificates” shall have the meaning specified in Section 6.01. 

“Related Account” shall mean an Account with respect to which a new credit account number has been issued by the Servicer or
the applicable Seller or other Account Owner under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines. 

“Removal Date” shall have the meaning specified in Section 2.10(a). 

“Removed Accounts” shall have the meaning specified in Section 2.10. 

“Representing Party” shall have the meaning specified in Section 2.12(a). 

  
 16 

 “Requesting Party” shall have the meaning specified in Section 2.12(a).

 “Required Minimum Principal Balance” with respect to any date, shall mean an amount equal to the greater of 

(a) 105% of the aggregate Invested Amounts for all outstanding Series on such date; and 

(b) 102% of the aggregate initial Invested Amounts for all Series outstanding on such date; 

provided, however, that the Sellers may, upon (x) 30 days’ prior notice to the Trustee, each Rating Agency and each Series Enhancer,
(y) satisfaction of the Rating Agency Condition with respect thereto and (z) delivery to the Trustee and each Series Enhancer of a certificate of a Vice President or more senior officer of each Seller stating that such Seller reasonably
believes that such reduction will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future, reduce the Required Minimum Principal Balance; provided further that the Required Minimum
Principal Balance shall not at any time be less than 102% of the initial Invested Amounts for all outstanding Series on any date. 

“Requirements of Law” shall mean any law, treaty, rule or regulation, or determination of an arbitrator or Governmental
Authority, whether Federal, state or local (including any usury law, the Federal Truth-in-Lending Act and Regulation Z of the Board of Governors of the Federal Reserve System), and, when used with respect to any Person, the certificate of
incorporation and by-laws or other charter or governing documents of such Person. 
 “Responsible Officer” shall mean, when
used with respect to the Trustee, any officer within the Corporate Trust & Agency Services group (or any successor group) of the Trustee including any vice president, assistant vice president, associate or any other officer of the Trustee
customarily performing functions similar to those performed by the persons who at the time shall be such officers or to whom any corporate trust matter is referred at the Corporate Trust Office because of such officer’s knowledge of and
familiarity with the particular subject. 
 “Rules” shall have the meaning specified in Section 2.12(b)(i). 

“Sellers” shall mean Citibank and, as the context requires, any of its predecessors and any Additional Seller. 

“Sellers’ Certificate” shall mean, collectively, the Bank Certificate and any outstanding Supplemental Certificates.

 “Sellers’ Interest” shall have the meaning specified in Section 4.01. 

“Sellers’ Participation Amount” shall mean at any time of determination an amount equal to the total amount of Principal
Receivables in the Trust at such time minus the aggregate Invested Amounts for all outstanding Series at such time. 

“Series” shall mean any series of Investor Certificates established pursuant to a Supplement. 

  
 17 

 “Series Account” shall mean any deposit, trust, escrow or similar account
maintained for the benefit of the Investor Certificateholders of any Series or Class, and as specified in any Supplement. 
 “Series
Adjusted Invested Amount” shall mean, with respect to any Series and for any Due Period, the initial principal amount of the Investor Certificates of such Series after subtracting therefrom the excess, if any, of the cumulative amount
(calculated in accordance with the terms of the related Supplement) of investor charge-offs for such Series as of the last day of the immediately preceding Due Period over the aggregate reimbursement of such investor charge-offs as of such last day.

 “Series Allocable Defaulted Amount” shall mean, with respect to any Series and for any Due Period, the product of the
Series Allocation Percentage and the Defaulted Amount with respect to such Due Period. 
 “Series Allocable Finance Charge
Collections” shall mean, with respect to any Series and for any Due Period, the product of the Series Allocation Percentage and the amount of Collections of Finance Charge Receivables deposited in the Collection Account for such Due Period.

 “Series Allocable Miscellaneous Payments” shall mean, with respect to any Series and for any Due Period, the product of
the Series Allocation Percentage and the amount of Miscellaneous Payments for such Due Period. 
 “Series Allocable Principal
Collections” shall mean, with respect to any Series and for any Due Period, the product of the Series Allocation Percentage and the amount of Collections of Principal Receivables deposited in the Collection Account for such Due Period. 

“Series Allocation Percentage” shall mean, with respect to any Series and for any Due Period, the percentage equivalent of a
fraction, the numerator of which is the Series Adjusted Invested Amount as of the last day of the immediately preceding Due Period and the denominator of which is the Trust Adjusted Invested Amount as of such last day. 

“Series Enhancement” shall mean the rights and benefits provided to the Investor Certificateholders of any Series or Class
pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate swap agreement or other similar arrangement. The subordination of
any Series or Class to another Series or Class shall be deemed to be a Series Enhancement. 
 “Series Enhancer” shall mean
the Person or Persons providing any Series Enhancement, other than the Investor Certificateholders of any Series or Class which is subordinated to another Series or Class. 

“Series Issuance Date” shall mean, with respect to any Series, the date on which the Investor Certificates of such Series are
to be originally issued in accordance with Section 6.03 and the related Supplement. 

  
 18 

 “Service Transfer” shall have the meaning specified in Section 10.01. 

“Servicer” shall mean Citibank, in its capacity as Servicer pursuant to this Agreement, and, as the context requires, its
predecessor as Servicer and, after any Service Transfer, the Successor Servicer. 
 “Servicer Default” shall have the
meaning specified in Section 10.01. 
 “Servicer Interchange” shall mean, with respect to any Series and a specified
Due Period, the amount, if any, determined in accordance with the related Supplement. 
 “Servicing Fee Rate” shall mean,
with respect to any Series, the servicing fee rate, if any, specified in the related Supplement. 
 “Servicing Officer”
shall mean any officer of the Servicer or an attorney-in-fact of the Servicer who in either case is involved in, or responsible for, the administration and servicing of the Receivables and whose name appears on a list of servicing officers furnished
to the Trustee by the Servicer, as such list may from time to time be amended. 
 “Small Balances” shall have the meaning
established in accordance with the Credit Card Guidelines. 
 “Standard & Poor’s” shall mean
Standard & Poor’s Ratings Services or its successor. 
 “Successor Servicer” shall have the meaning specified
in Section 10.02(a). 
 “Supplement” shall mean, with respect to any Series, a Supplement to this Agreement, executed
and delivered in connection with the original issuance of the Investor Certificates of such Series pursuant to Section 6.03, and all amendments thereof and supplements thereto. 

“Supplemental Certificate” shall have the meaning specified in Section 6.03. 

“Tax Opinion” shall mean, with respect to any action, an Opinion of Counsel to the effect that, for Federal and South Dakota
(and any other State where substantial servicing activities in respect of credit card accounts are conducted by any Additional Seller, or the Banks, if there is a substantial change from present servicing activities) state income and franchise tax
purposes, (a) such action will not adversely affect the characterization of the Investor Certificates of any outstanding Series or Class as debt, (b) such action will not cause a taxable event to any Investor Certificateholder,
(c) following such action the Trust will not be treated as an association (or publicly traded partnership) taxable as a corporation and (d) in the case of Section 6.03(b)(vi), the Investor Certificates of the new Series will properly
be characterized as debt. 
 “Termination Date” shall mean, with respect to any Series, the termination date specified in
the related Supplement. 

  
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 “Termination Notice” shall have the meaning specified in Section 10.01.

 “Termination Proceeds” shall have the meaning specified in Section 12.02(c). 

“Three-Month Average 60+-Day Delinquency Rate” shall mean, as of any date of determination, (a) the sum of the 60+-Day
Delinquency Rates as reported for the three Due Periods immediately preceding such date of determination divided by (b) three. 

“Transfer Agent and Registrar” shall have the meaning specified in Section 6.04. 

“Transfer Date” shall mean the Business Day immediately preceding each Distribution Date. 

“Transfer Deposit Amount” shall mean, with respect to any Distribution Date, the amount, if any, deposited into the
Collection Account on such Distribution Date in connection with the reassignment of an Ineligible Receivable pursuant to Section 2.05, 2.07(a) or 2.09(c) or the reassignment or assignment of a Receivable pursuant to Section 3.03. 

“Transfer Restriction Event” shall have the meaning specified in Section 2.11. 

“Transferred Account” shall mean each account into which an Account is transferred, provided that (i) such transfer is
made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred. 

“Trust” shall mean the Citibank Credit Card Master Trust I (originally known as Standard Credit Card Master Trust I) created
by the Prior Pooling and Servicing Agreement and continued by the Second Amended and Restated Pooling and Servicing Agreement and this Agreement. 

“Trust Adjusted Invested Amount” shall mean, with respect to any Due Period, the aggregate Series Adjusted Invested Amounts
for all outstanding Series for such Due Period. 
 “Trust Assets” shall have the meaning specified in Section 2.01.

 “Trust Cut-Off Date” shall mean January 11, 1991. 

“Trustee” shall mean Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), in its capacity as
trustee on behalf of the Trust, or its successor in interest, or any successor trustee appointed as herein provided. 

“UCC” shall mean the Uniform Commercial Code, as amended from time to time, as in effect in the State of South Dakota and in
any other State where the filing of a financing statement is required to perfect the Trust’s interest in the Receivables and the proceeds thereof or in any other specified jurisdiction. 

“Unallocated Principal Collections” shall have the meaning specified in Section 4.04. 

“United States” shall mean the United States of America (including the States and the District of Columbia), its territories,
its possessions and other areas subject to its jurisdiction. 

  
 20 

 “United States Arbitration Act” shall mean the United States Arbitration Act of
1925, as amended. 
 “U.S. Alien” or “United States Alien” shall mean any corporation, partnership,
individual or fiduciary that, as to the United States, and for United States income tax purposes, is (i) a foreign corporation, (ii) a foreign partnership one or more of the members of which is, as to the United States, a foreign
corporation, a nonresident alien individual or a nonresident alien fiduciary of a foreign estate or trust, (iii) a nonresident alien individual or (iv) a nonresident alien fiduciary of a foreign estate or trust. 

“U.S. person” or “United States person” shall mean a citizen or resident of the United States, a
corporation, partnership or other entity created or organized in or under the laws of the United States, or an estate or trust the income of which is subject to United States Federal income taxation regardless of its source. 

“VISA” shall mean VISA U.S.A., Inc. 

Section 1.02. Other Definitional Provisions. (a) With respect to any Series, all terms used herein and not otherwise defined
herein shall have meanings ascribed to them in the related Supplement. 
 (b) All terms defined in this Agreement shall have the defined
meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. 
 (c) As used
in this Agreement and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in this Agreement or in any such certificate or other document, and accounting terms partly defined in this
Agreement or in any such certificate or other document to the extent not defined, shall have the respective meanings given to them under generally accepted accounting principles or regulatory accounting principles, as applicable. To the extent that
the definitions of accounting terms in this Agreement or in any such certificate or other document are inconsistent with the meanings of such terms under generally accepted accounting principles or regulatory accounting principles, the definitions
contained in this Agreement or in any such certificate or other document shall control. 
 (d) The agreements, representations and
warranties of Citibank and any Additional Seller in this Agreement in each of their respective capacities as Sellers and Servicer shall be deemed to be the agreements, representations and warranties of Citibank and such Additional Seller solely in
each such capacity for so long as Citibank and such Additional Seller act in each such capacity under this Agreement. 
 (e) The words
“hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement; references to any Section,
Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to this Agreement unless otherwise specified; and the term “including” means “including without limitation.” 

  
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 ARTICLE II 

CONVEYANCE OF RECEIVABLES 

Section 2.01. Conveyance of Receivables. By execution of this Agreement, each of the Sellers does hereby sell, transfer, assign,
set over and otherwise convey to the Trustee, on behalf of the Trust, for the benefit of the Certificateholders, all its right, title and interest in, to and under the Receivables existing at the close of business on the Trust Cut-Off Date, in the
case of Receivables arising in the Initial Accounts, and on each Additional Cut-Off Date, in the case of Receivables arising in the Additional Accounts, and in each case thereafter created from time to time until the termination of the Trust, all
monies due or to become due and all amounts received with respect thereto and all proceeds (including “proceeds” as defined in the UCC) thereof. Such property, together with all monies on deposit in the Collection Account, the Series
Accounts, any Series Enhancement and the right to receive certain Interchange attributed to cardholder charges for merchandise and services in the Accounts shall constitute the assets of the Trust (the “Trust Assets”). The foregoing does
not constitute and is not intended to result in the creation or assumption by the Trust, the Trustee, any Investor Certificateholder or any Series Enhancer of any obligation of the Servicer, Citibank, any Additional Seller, any other Account Owner
or any other Person in connection with the Accounts or the Receivables or under any agreement or instrument relating thereto, including any obligation to Obligors, merchant banks, merchants clearance systems, VISA, MasterCard, American Express or
insurers. 
 The Sellers agree to record and file, at their own expense, financing statements (and continuation statements when applicable)
with respect to the Receivables now existing and hereafter created meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect, and maintain the perfection of, the sale and assignment of the
Receivables to the Trust, and to deliver a file stamped copy of each such financing statement or other evidence of such filing to the Trustee on or prior to the first Closing Date, in the case of Receivables arising in the Initial Accounts, and (if
any additional filing is so necessary) the applicable Addition Date, in the case of Receivables arising in Additional Accounts. The Trustee shall be under no obligation whatsoever to file such financing or continuation statements or to make any
other filing under the UCC in connection with such sale and assignment. 
 The Sellers further agree, at their own expense, (a) on or
prior to (x) the first Closing Date, in the case of the Initial Accounts, (y) the applicable Addition Date, in the case of Additional Accounts, and (z) the applicable Removal Date, in the case of Removed Accounts, to indicate in the
appropriate computer files that Receivables created in connection with the Accounts (other than Removed Accounts) have been conveyed to the Trust pursuant to this Agreement for the benefit of the Certificateholders and (b) on or prior to
(x) the first Closing Date, in the case of the Initial Accounts, (y) the date that is ten Business Days after the applicable Addition Date, in the case of Lump Additions, and (z) the date that is 90 days after the applicable Addition
Date, in the case of New Accounts, to deliver to the Trustee a computer file or microfiche list containing a true and complete list of all such Accounts (other than Removed Accounts) specifying for each such Account, as of the Trust Cut-Off Date, in
the case of the Initial Accounts, and the applicable Additional Cut-Off Date, in the case of Additional Accounts, its account number and, other than in the case of New Accounts, the aggregate amount outstanding in such Account and the aggregate
amount of Principal Receivables outstanding in 

  
 22 

 
such Account. Such file or list, as supplemented from time to time to reflect Additional Accounts and Removed Accounts, shall be marked as Schedule 1 to this Agreement and is hereby incorporated
into and made a part of this Agreement. 
 The parties hereto intend that each transfer of Receivables and other property to the Trust
pursuant to this Agreement (including each Assignment) constitute a sale, and not a secured borrowing, including under generally accepted accounting principles in effect for reporting periods before November 15, 2009. 

By executing this Agreement, the parties hereto do not intend to (i) cancel, release or in any way impair the conveyances made by
(A) Citibank (South Dakota), National Association in its capacity as Seller under the Prior Pooling and Servicing Agreement, (B) Citibank (Nevada), National Association in its capacity as Seller under the Prior Pooling and Servicing
Agreement or (C) Citibank, in its capacity as Seller under the Second Amended and Restated Pooling and Servicing Agreement or (ii) impair or negate the legal effect of (A) the Prior Pooling and Servicing Agreement prior to the
execution of the Second Amended and Restated Pooling and Servicing Agreement or (B) the Second Amended and Restated Pooling and Servicing Agreement prior to the execution of this Agreement. Without limiting the foregoing, the parties hereto
acknowledge and agree as follows: 
 (a) The Trust created under the Pooling and Servicing Agreement, dated as of May 29, 1991, between
Citibank (South Dakota), National Association, Citibank (Nevada), National Association and the Trustee and maintained under the Prior Pooling and Servicing Agreement and the Second Amended and Restated Pooling and Servicing Agreement shall continue
to exist and be maintained under this Agreement. 
 (b) The sale and assignment of Receivables and other Trust Assets from Citibank (South
Dakota), National Association, as Seller, Citibank (Nevada), National Association, as Seller and Citibank, as Seller, in each case to the Trustee, on behalf of the Trust, for the benefit of the Certificateholders, made prior to the date of this
Agreement pursuant to the Prior Pooling and Servicing Agreement and/or the Second Amended and Restated Pooling and Servicing Agreement, as applicable, shall remain in full force and effect. 

(c) Citibank hereby ratifies, confirms and continues all sales and assignments made and all security interests granted under the Prior Pooling
and Servicing Agreement and/or the Second Amended and Restated Pooling and Servicing Agreement, as applicable, prior to the date of this Agreement. 

(d) All series of investor certificates issued under the Prior Pooling and Servicing Agreement shall constitute Series issued and outstanding
under this Agreement, and any supplement executed in connection with such series shall constitute a Supplement executed hereunder. 
 (e)
This Agreement is intended to amend, restate and modify the Second Amended and Restated Pooling and Servicing Agreement in its entirety, and, from and after the Amendment Date, all references to the Prior Pooling and Servicing Agreement and/or
Second Amended and Restated Pooling and Servicing Agreement in any other instruments or documents shall be deemed to constitute references to this Agreement. All references in such instruments or documents to (i) Citibank (South Dakota),
National Association or Citibank (Nevada), National 

  
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Association in its capacity as Seller of receivables and related assets under the Prior Pooling and Servicing Agreement shall, by operation of law as a result of the Bank Merger (and the merger
of Citibank (Nevada), National Association into Citibank (South Dakota)), or (ii) Citibank in its capacity as Seller of receivables and related assets under the Second Amended and Restated Pooling and Servicing Agreement, shall,
in each case, as applicable, continue to be deemed to be references to Citibank in its capacity as Seller of receivables and related assets hereunder. 

(f) By operation of law as a result of the Bank Merger (and the merger of Citibank (Nevada), National Association into Citibank (South
Dakota)), Citibank is obligated to perform all of the covenants and obligations of each of Citibank (South Dakota), National Association and Citibank (Nevada), National Association in its capacity as Seller under or in connection with the Prior
Pooling and Servicing Agreement and any Supplements to the Prior Pooling and Servicing Agreement including its obligations under Section 7.04. 

(g) This Agreement shall not constitute a novation and shall in no way adversely affect or impair the effectiveness of the sales and
assignments or the priority of the liens granted by the Prior Pooling and Servicing Agreement or the Second Amended and Restated Pooling and Servicing Agreement, as applicable. 

(h) To the extent this Agreement requires that certain actions are to be taken as of a date prior to the Amendment Date, Citibank (South
Dakota)’s (or, if applicable, Citibank (Nevada)’s) or Citibank’s taking of such action under the Prior Pooling and Servicing Agreement or the Second Amended and Restated Pooling and Servicing Agreement, as applicable, shall constitute
satisfaction of such requirement. 
 Section 2.02. Acceptance by Trustee. (a) The Trustee hereby acknowledges its
acceptance on behalf of the Trust of all right, title and interest to the property, now existing and hereafter created, conveyed to the Trust pursuant to Section 2.01 and declares that it shall maintain such right, title and interest, upon the
trust herein set forth, for the benefit of all Certificateholders. The Trustee further acknowledges that, prior to or simultaneously with the execution and delivery of this Agreement, the Sellers delivered to the Trustee the computer file or
microfiche list relating to the Initial Accounts described in the third paragraph of Section 2.01. 
 (b) The Trustee hereby agrees not
to disclose to any Person any of the account numbers or other information contained in the computer files or microfiche lists marked as Schedule 1 delivered to the Trustee from time to time, except (i) to a Successor Servicer or as required by
a Requirement of Law applicable to the Trustee, (ii) in connection with the performance of the Trustee’s duties hereunder or (iii) in enforcing the rights of Certificateholders. The Trustee agrees to take such measures as shall be
reasonably requested by the Sellers to protect and maintain the security and confidentiality of such information and, in connection therewith, will allow the Sellers to inspect the Trustee’s security and confidentiality arrangements from time
to time during normal business hours. The Trustee shall provide the Sellers with notice five Business Days prior to any disclosure pursuant to this Section. 

(c) The Trustee shall have no power to create, assume or incur indebtedness or other liabilities in the name of the Trust other than as
contemplated in this Agreement. 

  
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 Section 2.03. Representations and Warranties of the Sellers Relating to the Sellers.
Each of the Sellers hereby represents and warrants to the Trust as of the Amendment Date and as of each Closing Date thereafter that: 

(a) Organization and Good Standing. Such Seller is a national banking association or corporation validly existing under
the laws of the jurisdiction of its organization or incorporation and has, in all material respects, full power and authority to own its properties and conduct its business as presently owned or conducted, and to execute, deliver and perform its
obligations under this Agreement and each Supplement and, in the case of the Bank, to execute and deliver to the Trustee the Certificates. 

(b) Due Qualification. Such Seller is duly qualified to do business and is in good standing as a foreign corporation (or
is exempt from such requirements), and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would render any Credit Card Agreement relating to an Account or
any Receivable unenforceable by such Seller or the Trust or would have a material adverse effect on the Investor Certificateholders; provided, however, that no representation or warranty is made with respect to any qualifications,
licenses or approvals which the Trustee would have to obtain to do business in any jurisdiction in which the Trustee seeks to enforce directly any Account or any Receivable. 

(c) Due Authorization. The execution and delivery of this Agreement and each Supplement by such Seller and, in the case
of the Bank, the execution and delivery to the Trustee of the Certificates and the consummation by such Seller of the transactions provided for in this Agreement and each Supplement, have been duly authorized by such Seller by all necessary action
on the part of such Seller. 
 (d) No Conflict. The execution and delivery by such Seller of this Agreement, each
Supplement and, in the case of the Bank, the Certificates, the performance of the transactions contemplated by this Agreement and each Supplement and the fulfillment of the terms hereof and thereof applicable to such Seller, will not conflict with
or violate any Requirements of Law applicable to such Seller 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 such Seller is a party or by which it or its properties are bound. 

(e) No Proceedings. There are no proceedings or investigations, pending or, to the best knowledge of such Seller,
threatened against such Seller before any Governmental Authority (i) asserting the invalidity of this Agreement, any Supplement or the Certificates, (ii) seeking to prevent the issuance of any of the Certificates or the consummation of any
of the transactions contemplated by this Agreement, any Supplement or the Certificates, (iii) seeking any determination or ruling that, in the reasonable judgment of such Seller, would materially and adversely affect the performance by such
Seller of its obligations under this Agreement or any Supplement, (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Agreement, any Supplement or the Certificates or
(v) seeking to affect adversely the income or franchise tax attributes of the Trust under the United States Federal or any State income or franchise tax systems. 

  
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 (f) All Consents. All authorizations, consents, orders or approvals of or
registrations or declarations with any Governmental Authority required to be obtained, effected or given by such Seller in connection with the execution and delivery by such Seller of this Agreement, each Supplement and, in the case of the Bank, the
Certificates and the performance of the transactions contemplated by this Agreement and each Supplement by such Seller have been duly obtained, effected or given and are in full force and effect. 

Section 2.04. Representations and Warranties of the Sellers Relating to the Agreement and any Supplement and the Receivables.
(a) Representations and Warranties. Each of the Sellers hereby represents and warrants to the Trust as of the Amendment Date and, thereafter, as of the date of each Supplement, as of each Closing Date and, with respect to Additional
Accounts, as of the related Addition Date, that: 
 (i) this Agreement, each Supplement and, in the case of Additional
Accounts, the related Assignment, each constitutes a legal, valid and binding obligation of such Seller enforceable against such Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect; 

(ii) as of the Amendment Date and, as of the related Addition Date with respect to Additional Accounts, Schedule 1 to this
Agreement, as supplemented to such date, is an accurate and complete listing in all material respects of all the Accounts as of the Amendment Date or such Additional Cut-Off Date, as the case may be, and the information contained therein with
respect to the identity of such Accounts and the Receivables existing thereunder is true and correct in all material respects as of the Amendment Date or such Additional Cut-Off Date, as the case may be; 

(iii) each Receivable has been conveyed to the Trust free and clear of any Lien; 

(iv) all authorizations, consents, orders or approvals of or registrations or declarations with any Governmental Authority
required to be obtained, effected or given by such Seller in connection with the conveyance of each Receivable to the Trust have been duly obtained, effected or given and are in full force and effect; 

(v) either this Agreement or, in the case of Additional Accounts, the related Assignment constitutes a valid sale, transfer and
assignment to the Trust of all right, title and interest of such Seller in the Receivables and the proceeds thereof or, if this Agreement or, in the case of Additional Accounts, the related Assignment does not constitute a sale of such property, it
constitutes a grant of a first priority perfected “security interest” (as defined in the 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 Agreement, or, with respect to then existing Receivables in Additional Accounts, as of the applicable Addition Date, and which will be enforceable with respect to such Receivables hereafter and thereafter created and the proceeds thereof upon
such creation. Upon the filing of the financing statements and, in the case of 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 and proceeds; 

  
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 (vi) except as otherwise expressly provided in this Agreement or any Supplement,
neither the Sellers nor any Person claiming through or under the Sellers has any claim to or interest in the Collection Account, any Series Account or any Series Enhancement; 

(vii) on the date of its designation under the Prior Pooling and Servicing Agreement, each Initial Account was an Eligible
Account and, on the applicable Additional Cut-Off Date, each related Additional Account is an Eligible Account; 
 (viii) on
the date on which the applicable Initial Account was designated under the Prior Pooling and Servicing Agreement, each Receivable then existing in such Initial Account was an Eligible Receivable and, on the applicable Additional Cut-Off Date, each
Receivable contained in the related Additional Accounts is an Eligible Receivable; 
 (ix) as of the date of the creation of
any new Receivable, such Receivable is an Eligible Receivable; and 
 (x) no selection procedures believed by such Seller to
be adverse to the interests of the Investor Certificateholders have been used in selecting the Initial Accounts. 
 (b) Notice of
Breach. The representations and warranties set forth in Section 2.03, this Section 2.04 and Section 2.09(e) shall survive the transfers and assignments of the Receivables to the Trust and the issuance of the Certificates. Upon
discovery by any of the Sellers, the Servicer or the Trustee of a breach of any of the representations and warranties set forth in Section 2.03, this Section 2.04 or Section 2.09(e), the party discovering such breach shall give notice
to the other parties and to each Series Enhancer within three Business Days following such discovery. 
 Section 2.05. Reassignment
of Ineligible Receivables. (a) Reassignment of Receivables. In the event (i) any representation or warranty contained in Section 2.04(a)(ii), (iii), (iv), (vii), (viii) or (ix) is not true and correct in any
material respect as of the date specified therein with respect to any Receivable or the related Account and such breach has a material adverse effect on the Certificateholders’ Interest in any Receivable (which determination shall be made
without regard to whether funds are then available pursuant to any Series Enhancement), unless cured within 60 days (or such longer period, not in excess of 150 days, as may be agreed to by the Trustee) after the earlier to occur of the discovery
thereof by the Sellers or receipt by the Sellers of notice thereof given by the Trustee, or (ii) it is so provided in Section 2.07(a) or 2.09(c)(iii) with respect to any Receivables, then the Sellers shall accept reassignment of the
Certificateholders’ Interest in all Receivables in the related Account (“Ineligible Receivables”) on the terms and conditions set forth in paragraph (b) below. 

(b) Price of Reassignment. The Servicer shall deduct the portion of the Ineligible Receivables reassigned to the Sellers which are
Principal Receivables from the aggregate amount of Principal Receivables used to calculate the Sellers’ Participation Amount, the Sellers’ Interest and the Floating Allocation Percentage and the Principal Allocation Percentage applicable
to any Series. In the event that, following the exclusion of such Principal Receivables from the calculation of the Sellers’ Participation Amount, the Sellers’ Participation Amount would be a negative number, not later than 12:00 noon, New
York City time, on the first Distribution Date following the Due Period in which such reassignment obligation arises, the Sellers shall make a 

  
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deposit into the Collection Account in immediately available funds in an amount equal to the amount by which the Sellers’ Participation Amount would be below zero (up to the amount of such
Principal Receivables). In the event that at the time of the reassignment of any such Ineligible Receivables to the Sellers the Invested Amount for any outstanding Series is less than the unpaid principal amount of the Investor Certificates of such
Series, not later than 12:00 noon, New York City time, on the first Distribution Date following the Due Period in which such reassignment obligation arises, the Sellers will make a deposit into the Collection Account in immediately available funds
in an amount equal to the lesser of (i) the excess of the portion of such Ineligible Receivables which are Principal Receivables over the amount to be deposited into the Collection Account pursuant to the immediately preceding sentence and
(ii) the excess of the aggregate unpaid principal amount of all Investor Certificates over the aggregate Invested Amounts for all outstanding Series. Any amount deposited into the Collection Account in connection with the reassignment of an
Ineligible Receivable shall be considered a Transfer Deposit Amount and shall be applied in accordance with Article IV and the terms of each Supplement. 

Upon reassignment of Ineligible Receivables, the Trustee, on behalf of the Trust, shall automatically and without further action be deemed to
sell, transfer, assign, set over and otherwise convey to the Sellers or their designee, without recourse, representation or warranty, all the right, title and interest of the Trust in and to such Ineligible Receivables, all monies due or to become
due and all amounts received with respect thereto and all proceeds thereof. The Trustee shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be requested by the Sellers to effect the
conveyance of such Ineligible Receivables pursuant to this Section. The obligation of the Sellers to accept reassignment of any Ineligible Receivables, and to make the deposits, if any, required to be made to the Collection Account as provided in
this Section, shall constitute the sole remedy respecting the event giving rise to such obligation available to Certificateholders (or the Trustee on behalf of the Certificateholders) or any Series Enhancer, except as provided in Section 7.04.

 Section 2.06. Reassignment of Certificateholders’ Interest in Trust Portfolio. In the event any representation or
warranty set forth in Section 2.03(a) or (c) or Section 2.04(a)(i), (v) or (vi) is not true and correct in any material respect and such breach has a material adverse effect on the Certificateholders’ Interest in the
Receivables or the availability of the proceeds thereof to the Trust (which determination shall be made without regard to whether funds are then available pursuant to any Series Enhancement), then either the Trustee or the Holders of Investor
Certificates evidencing not less than 50% of the aggregate unpaid principal amount of all outstanding Investor Certificates, by notice then given to the Sellers and the Servicer (and to the Trustee if given by the Investor Certificateholders), may
direct the Sellers to accept a reassignment of the Certificateholders’ Interest in the Receivables if such breach and any material adverse effect caused by such breach is not cured within 60 days of such notice (or within such longer period,
not in excess of 150 days, as may be specified in such notice), and upon those conditions the Sellers shall be jointly and severally obligated to accept such reassignment on the terms set forth below. 

The Sellers shall deposit in the Collection Account in immediately available funds not later than 12:00 noon, New York City time, on the first
Distribution Date following the Due Period in which such reassignment obligation arises, in payment for such reassignment, an amount equal to the sum of the amounts specified therefor with respect to each outstanding Series in the related
Supplement. Notwithstanding anything to the contrary in this Agreement, 

  
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such amounts shall be distributed to the Investor Certificateholders on such Distribution Date in accordance with Article IV and the terms of each Supplement. If the Trustee or the Investor
Certificateholders give notice directing the Sellers to accept a reassignment of the Certificateholders’ Interest in the Receivables as provided above, the obligation of the Sellers to accept such reassignment pursuant to this Section and to
make the deposit required to be made to the Collection Account as provided in this paragraph shall constitute the sole remedy respecting an event of the type specified in the first sentence of this Section available to the Certificateholders (or the
Trustee on behalf of the Certificateholders) or any Series Enhancer, except as provided in Section 7.04. 
 Section 2.07.
Covenants of the Sellers. Each Seller hereby covenants that: 
 (a) Receivables Not To Be Evidenced by Promissory
Notes. Except in connection with its enforcement or collection of an Account, such Seller will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC) and if any Receivable is so evidenced it shall be
deemed to be an Ineligible Receivable in accordance with Section 2.05(a) and shall be reassigned to the Sellers in accordance with Section 2.05(b). 

(b) Security Interests. Except for the conveyances hereunder, such Seller will not sell, pledge, assign or transfer to
any other Person, or grant, create, incur, assume or suffer to exist any Lien on, any Receivable, whether now existing or hereafter created, or any interest therein, and such Seller shall defend the right, title and interest of the Trust in, to and
under the Receivables, whether now existing or hereafter created, against all claims of third parties claiming through or under such Seller. 

(c) Sellers’ Interest. Except for the conveyances hereunder, in connection with any transaction permitted by
Section 7.02 and as provided in Section 6.03, such Seller agrees not to transfer, assign, exchange or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Sellers’ Interest represented by the Bank
Certificate or any Supplemental Certificate and any such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation or grant shall be void. 

(d) Delivery of Collections. In the event that such Seller receives Collections or Recoveries, such Seller agrees to pay
the Servicer all such Collections and Recoveries as soon as practicable after receipt thereof. 
 (e) Notice of Liens.
Such Seller shall notify the Trustee and each Series Enhancer promptly after becoming aware of any Lien on any Receivable other than the conveyances hereunder and the conveyances under any Receivables Purchase Agreement. 

Section 2.08. Covenants of Citibank, Additional Sellers, and Account Owners. Citibank, in its capacity as a Seller, each
Additional Seller and each other Account Owner hereby covenants that: 
 (a) Periodic Rate Finance Charges.
(i) Except (x) as otherwise required by any Requirements of Law or (y) as is deemed by Citibank or such Additional Seller or such other Account Owner to be necessary in order for it to maintain its credit card business on a
competitive basis based on a good faith assessment by it of the nature of the 

  
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competition in the credit card business and only if the change giving rise to such reduction is made applicable to the comparable segment of revolving credit card accounts owned or serviced by it
which have characteristics similar to the Accounts which are the subject of such change, it shall not at any time permit the Portfolio Yield to be less than the Average Rate and (ii) except as otherwise required by any Requirements of Law, it
shall not permit the Portfolio Yield to be less than the highest Certificate Rate for any outstanding Series or Class. 
 (b)
Credit Card Agreements and Guidelines. Subject to compliance with all Requirements of Law and paragraph (a) above, Citibank and such Additional Seller or such other Account Owner may change the terms and provisions of the Credit Card
Agreements or the Credit Card Guidelines in any respect (including the calculation of the amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon) only if such change is made applicable to the comparable
segment of revolving credit card accounts owned or serviced by it which have the same or substantially similar characteristics as the Accounts which are the subject of such change. Notwithstanding the foregoing, unless required by Requirements of
Law or as permitted by Section 2.08(a), an Account Owner will take no action with respect to the applicable Credit Card Agreements or the applicable Credit Card Guidelines, which, at the time of such action, such Account Owner reasonably
believes will have a material adverse effect on the Investor Certificateholders. No Seller will enter into any amendments to a Receivables Purchase Agreement or enter into a new Receivables Purchase Agreement unless the Rating Agency Condition has
been satisfied. 
 (c) MasterCard, VISA and American Express. Citibank, such Additional Seller and such other Account
Owner shall, to the extent applicable to Accounts owned or serviced by it, use its best efforts to remain, either directly or indirectly, a member in good standing of the MasterCard System, the VISA System, the American Express System and any other
similar entity’s or organization’s system relating to any other type of revolving credit card accounts included as Accounts. 

(d) Additional Accounts. Citibank and the Additional Sellers shall at all times ensure that they retain the ownership of
the Receivables arising in, and the right to transfer to the Trust the Receivables arising in, Eligible Accounts which include Principal Receivables sufficient to enable Citibank and the Additional Sellers to meet the Sellers’ obligation to
designate Additional Accounts in accordance with Section 2.09(a). In furtherance of the foregoing, Citibank agrees not to transfer, assign, exchange or otherwise pledge or convey any “VISA,” “MasterCard” or “American
Express” revolving credit card account or the Receivables therein (other than any transfer, assignment, exchange, pledge or conveyance of Receivables to the Trust pursuant to this Agreement) if as a result of such pledge or conveyance, the
principal receivables owned by the Sellers in such “VISA,” “MasterCard” or “American Express” revolving credit card accounts at such time would be reduced to less than $50,000,000. 

(e) Interchange. On or prior to each Determination Date, the Sellers shall notify the Servicer of the amount of
Interchange to be included as Collections of Finance Charge Receivables with respect to the preceding Due Period, which shall be equal to (i) the amount of Interchange paid or payable to Citibank with respect to such Due Period multiplied by a
fraction, the numerator of which is the aggregate amount of cardholder 

  
 30 

 
charges for goods and services in the Accounts maintained by Citibank with respect to such Due Period and the denominator of which is the aggregate amount of cardholder charges for goods and
services in all the “MasterCard,” “VISA” and “American Express” revolving credit card accounts and all other types of revolving credit card accounts included as Accounts (except as otherwise provided in the Assignment
with respect to any such other types of Accounts), in each case maintained by Citibank with respect to such Due Period and (ii) the amount of Interchange paid or payable to each Additional Seller or other Account Owner with respect to such Due
Period calculated in the manner described in clause (i). Not later than 12:00 noon, New York City time, on each Distribution Date, the Sellers shall deposit into the Collection Account in immediately available funds the amount of Interchange to be
so included as Collections of Finance Charge Receivables with respect to the preceding Due Period. 
 (f) Information
Provided to Rating Agencies. The Sellers will use their best efforts to cause all information provided to any Rating Agency pursuant to this Agreement or in connection with any action required or permitted to be taken under this Agreement to be
complete and accurate in all material respects. 
 (g) Enforcement of Receivables Purchase Agreements. In its capacity
as a purchaser of Receivables or interests in Receivables under a Receivables Purchase Agreement, each Seller and Additional Seller will at all times enforce the covenants and agreements of the applicable Account Owner under such Receivables
Purchase Agreement. 
 Section 2.09. Addition of Accounts. (a) Required Lump Additions. (i) If, as of the close
of business on the last Business Day of any calendar week, (A) the total amount of Principal Receivables is less than the Required Minimum Principal Balance on such date, the Sellers shall on or prior to the close of business on the earlier of
(x) the fortieth calendar day (or, if such day is not a Business Day, the next succeeding Business Day) following the last Business Day of such calendar week or (y) if any Series is in its Accumulation Period, amortization period or Early
Amortization Period, the tenth Business Day following the last Business Day of the Due Period in which such calendar week occurs (in the case of (x) or (y), the “Required Designation Date”), or (B) the result obtained by
multiplying (x) the Sellers’ Participation Amount by (y) the percentage equivalent of the portion of the Sellers’ Interest represented by the Bank Certificate (such result being the “Bank’s Interest”) is less than
2% of the total amount of Principal Receivables on such date, the Sellers shall on or prior to the close of business on the Required Designation Date, designate additional Eligible Accounts to be included as Accounts as of the Required Designation
Date or any earlier date in a sufficient amount such that, after giving effect to such addition, the total amount of Principal Receivables as of the close of business on the Addition Date is at least equal to the Required Minimum Principal Balance
on such date or the Bank’s Interest is not less than 2% of the total amount of Principal Receivables as of the close of business on the Addition Date, as the case may be. The failure of any condition set forth in paragraph (d) below shall
not relieve the Sellers of their obligation pursuant to this paragraph; provided, however, that the failure of the Sellers to transfer Receivables to the Trust as provided in this paragraph solely as a result of the unavailability of a
sufficient amount of Eligible Receivables shall not constitute a breach of this Agreement; provided further that any such failure will nevertheless result in the occurrence of an Amortization Event described in Section 9.01(e).

  
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 (ii) In lieu of, or in addition to, designating Additional Accounts pursuant to clause
(i) above, the Sellers may, subject to the conditions specified in paragraph (d) below, convey to the Trust participations representing undivided interests in a pool of assets primarily consisting of revolving credit card accounts and
collections thereon (“Participation Interests”). The addition of Participation Interests in the Trust pursuant to this paragraph (a) or paragraph (b) below shall be effected by an amendment hereto, dated the applicable Addition
Date, pursuant to Section 13.01(a). 
 (b) Permitted Lump Additions. The Sellers may from time to time, at their sole
discretion, subject to the conditions specified in paragraph (d) below, voluntarily designate additional Eligible Accounts to be included as Accounts or Participation Interests to be included as Trust Assets, in either case as of the applicable
Additional Cut-Off Date. 
 (c) New Accounts. (i) The Sellers may from time to time, at their sole discretion, subject to and in
compliance with the limitations specified in clause (ii) below and the conditions specified in paragraph (d) below, voluntarily designate newly originated Eligible Accounts to be included as Accounts. For purposes of this paragraph,
Eligible Accounts shall be deemed to include only types of revolving credit card accounts which were included as Initial Accounts or which have previously been included in any Lump Addition if the Assignment related to such Lump Addition expressly
provides that such type of revolving credit card account is permitted to be designated as a New Account. 
 (ii) The Sellers shall not be
permitted to designate New Accounts pursuant to clause (i) above with respect to any of the three consecutive Due Periods commencing in January, April, July and October of each calendar year, commencing in July 1991, unless on or before the
first Business Day of such three consecutive Due Periods, the Sellers shall have requested each Rating Agency to notify, and each Rating Agency shall have notified, the Sellers, the Servicer and the Trustee of the limitations, if any, to the right
of the Sellers to designate New Accounts during such three consecutive Due Periods. Unless each Rating Agency otherwise consents, the number of New Accounts designated with respect to any such three consecutive Due Periods shall not exceed 15% of
the number of Accounts as of the first day of the calendar year during which such Due Periods commence (or the Trust Cut-Off Date, in the case of 1991) and the number of New Accounts designated during any such calendar year shall not exceed 20% of
the number of Accounts as of the first day of such calendar year (or the Trust Cut-Off Date, in the case of 1991). 
 (iii) On or before
April 30, July 31, October 31 and January 31 of each calendar year, beginning with July 31, 1991, the Rating Agency Condition shall have been satisfied with respect to the addition of all New Accounts included as
Accounts during the three consecutive Due Periods ending in the calendar months of March, June, September and December preceding such date; provided, that if no New Accounts were included as Accounts during any such period, no such Rating Agency
Condition shall be imposed with respect to such period. On or before January 31 and July 31 of each calendar year (or, if the short-term rating of the Bank is not in one of the generic rating categories of each Rating Agency which
signifies investment grade, on or before the last day of each calendar month), beginning with January 31, 1992, the Sellers shall have delivered to the Trustee, each Rating Agency and each Series Enhancer an Opinion of Counsel, in accordance
with Section 13.02(d), with respect to the New Accounts included as Accounts during the preceding six months; provided, that if no New Accounts were included as Accounts during the preceding six months, no such Opinion of Counsel need be
delivered with 

  
 32 

 
respect to such period. The failure of the Rating Agency Condition or of the Sellers to so deliver any such required Opinion of Counsel shall result in all Receivables arising in the New Accounts
to which such failure relates to be deemed to be Ineligible Receivables in accordance with Section 2.05(a) and all such Receivables shall be reassigned to the Sellers in accordance with Section 2.05(b). 

(d) Conditions to Addition. On the Addition Date with respect to any Additional Accounts or Participation Interests, the Trust shall
purchase the Receivables in such Additional Accounts (and such Additional Accounts shall be deemed to be Accounts for purposes of this Agreement) or shall purchase such Participation Interests as of the close of business on the applicable Additional
Cut-Off Date, subject to the satisfaction of the following conditions: 
 (i) in the case of Lump Additions, on or before the
fifth Business Day immediately preceding the Addition Date, the Sellers shall have given the Trustee, the Servicer, each Rating Agency and each Series Enhancer notice (which may be delivered via facsimile or other means of electronic transmission
with receipt confirmed) that the Additional Accounts or Participation Interests will be included and specifying the applicable Addition Date and Additional Cut-Off Date; 

(ii) in the case of Additional Accounts, the Additional Accounts shall all be Eligible Accounts; 

(iii) in the case of Additional Accounts, the Sellers shall have delivered to the Trustee copies of UCC-1 financing statements
covering such Additional Accounts, if necessary to perfect the Trust’s interest in the Receivables arising therein; 

(iv) in the case of Additional Accounts, to the extent required by Section 4.03, the Sellers shall have deposited in the
Collection Account all Collections with respect to such Additional Accounts since the Additional Cut-Off Date; 
 (v) as of
each of the Additional Cut-Off Date and the Addition Date, no Insolvency Event with respect to any of the Sellers or any applicable Account Owner shall have occurred nor shall the transfer of the Receivables arising in the Additional Accounts or of
the Participation Interests to the Trust have been made in contemplation of the occurrence thereof; 
 (vi) in the case of
Lump Additions, the Rating Agency Condition shall have been satisfied; 
 (vii) in the case of Lump Additions, the Sellers
shall each have delivered to the Trustee and each Series Enhancer a certificate of a Vice President or more senior officer, dated the Addition Date, confirming, to the extent applicable, the items set forth in clauses (ii) through
(vi) above; 
 (viii) in the case of Lump Additions, the Sellers shall have delivered to the Trustee, each Rating Agency
and each Series Enhancer an Opinion of Counsel, dated the Addition Date, to the effect that addition of the Receivables arising in the Lump Addition Accounts or of the Participation Interests in the Trust will not result in the Trust being
considered an “investment company” for purposes of the Investment Company Act; 

  
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 (ix) the addition of the Receivables arising in the Additional Accounts or of the
Participation Interests to the Trust will not result in the occurrence of an Amortization Event and, in the case of Lump Additions, the Sellers shall each have delivered to the Trustee and each Series Enhancer a certificate of a Vice President or
more senior officer, dated the Addition Date, stating that such Seller reasonably believes that the addition of the Receivables arising in the Additional Accounts or of the Participation Interests to the Trust will not have an Adverse Effect and is
not reasonably expected to have an Adverse Effect at any time in the future, and that, in the case of Participation Interests added pursuant to paragraph (a) above, such addition is no less favorable in any material respect to the interests of
any Investor Certificateholder or any Series Enhancer than would be the addition of Lump Addition Accounts; and 
 (x) in the
case of Lump Additions, the Sellers shall have delivered to the Trustee, each Rating Agency and each Series Enhancer (A) an Opinion of Counsel, dated the Addition Date, in accordance with Section 13.02(d) and (B) other than in the
case of a Lump Addition of Accounts pursuant to paragraph (a) (unless such Lump Addition includes a new type of Account), a Tax Opinion, dated the Addition Date, with respect to such Lump Addition. 

(e) Representations and Warranties. Each of the Sellers hereby represents and warrants to the Trust as of the related Addition Date as
to the matters set forth in paragraph (d)(v) and (ix) above and that, in the case of Additional Accounts, the list delivered pursuant to paragraph (g) below is, as of the applicable Additional Cut-Off Date, true and complete in all
material respects. 
 (f) Additional Sellers. The Bank may designate Affiliates of the Bank to be included as Sellers
(“Additional Sellers”) under this Agreement by an amendment hereto pursuant to Section 13.01(a) and each Additional Seller shall be issued a Supplemental Certificate pursuant to Section 6.03(c) reflecting such Additional
Seller’s interest in the Sellers’ Interest; provided, however, that prior to any such designation and issuance the conditions set forth in Section 6.03(c) shall have been satisfied with respect thereto. 

(g) Delivery of Documents. In the case of the designation of Additional Accounts, the Sellers shall deliver to the Trustee (i) the
computer file or microfiche list required to be delivered pursuant to Section 2.01 with respect to such Additional Accounts on the date such file or list is required to be delivered pursuant to Section 2.01 (the “Document Delivery
Date”) and (ii) a duly executed, written Assignment (including an acceptance by the Trustee for the benefit of the Certificateholders), substantially in the form of Exhibit B (the “Assignment”), on the Document Delivery Date. In
addition, in the case of the designation of New Accounts, the Sellers shall deliver to the Trustee on the Document Delivery Date the certificates described in paragraph (d)(vii) and (ix) above with respect to such New Accounts. 

Section 2.10. Removal of Accounts. (a) On any day of any Due Period the Sellers shall have the right to require the
reassignment to them or their designee of all the Trust’s right, title and interest in, to and under the Receivables then existing and thereafter created, all monies due or to become due and all amounts received with respect thereto and all
proceeds thereof in or with respect to the Accounts designated by the Sellers, upon satisfaction of all the following conditions: 

(i) on or before the fifth Business Day immediately preceding the Removal Date, the Sellers shall have given the Trustee, the
Servicer, each Rating Agency and each Series Enhancer notice of such removal and specifying the date for removal of the Removed Accounts (the “Removal Date”); 

  
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 (ii) on or prior to the date that is ten Business Days after the Removal Date,
the Sellers shall have amended Schedule 1 by delivering to the Trustee a computer file or microfiche list containing a true and complete list of the Removed Accounts specifying for each such Account, as of the date notice of the Removal Date is
given, its account number, the aggregate amount outstanding in such Account and the aggregate amount of Principal Receivables outstanding in such Account; 

(iii) the Sellers shall have represented and warranted as of the Removal Date that the list of Removed Accounts delivered
pursuant to paragraph (ii) above, as of the Removal Date, is true and complete in all material respects; 
 (iv) the
Rating Agency Condition shall have been satisfied with respect to such removal; 
 (v) such removal will not result in the
occurrence of an Amortization Event and each of the Sellers shall have delivered to the Trustee and each Series Enhancer a certificate of a Vice President or more senior officer, dated the Removal Date, to the effect that such Seller reasonably
believes that such removal will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future; 

(vi) the Sellers shall have delivered to the Trustee, each Rating Agency and each Series Enhancer a Tax Opinion, dated the
Removal Date, with respect to such removal; and 
 (vii) such removal of the Removed Accounts would not have precluded
transfers of Receivables to the Trust from being accounted for as sales under generally accepted accounting principles in accordance with FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments
of Liabilities, as in effect for reporting periods before November 15, 2009 and each of the Sellers shall have delivered to the Trustee a certificate of a Vice President or more senior officer, dated the Removal Date, to that effect. 

Upon satisfaction of all of the above conditions, the Trustee shall execute and deliver to the Sellers a written reassignment in substantially the form of
Exhibit C (the “Reassignment”) and shall, without further action, be deemed to sell, transfer, assign, set over and otherwise convey to the Sellers or their designee, effective as of the Removal Date, without recourse,
representation or warranty, all the right, title and interest of the Trust in and to the Receivables arising in the Removed Accounts, all monies due and to become due and all amounts received with respect thereto and all proceeds thereof. 

  
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 (b) On any day of any Due Period, the Sellers shall have the right to designate Inactive Accounts
and to remove such Inactive Accounts from Schedule 1 hereto and from its documents and records, including appropriate computer files, upon satisfaction of the following conditions: 

(i) on or before the fifth Business Day immediately preceding the Inactive Account Removal Date (as defined below), the Sellers
shall have given the Trustee, the Servicer and each Rating Agency notice (which may be delivered via facsimile or other means of electronic transmission with receipt confirmed) of such removal (A) specifying the date for removal of the
applicable Inactive Accounts (such date, the “Inactive Account Removal Date”), (B) certifying that the Sellers reasonably believe that such removal will not result in the occurrence of an Amortization Event and that such
removal will not have an Adverse Effect, and (C) certifying that such removal would not have precluded transfers of Receivables to the Trust from being accounted for as sales under generally accepted accounting principles in accordance with
FASB Statement No. 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, as in effect for reporting periods before November 15, 2009; and 

(ii) on or prior to the date that is ten Business Days after the Inactive Account Removal Date, the Sellers shall have amended
Schedule 1 by delivering to the Trustee a computer file or microfiche list containing a true and complete list of the removed Inactive Accounts specifying for each such removed Inactive Account, as of the Inactive Account Removal Date, its account
number. 
 Accounts designated by the Sellers pursuant to Section 2.10(a) or 2.10(b) are referred to herein as “Removed
Accounts.” 
 In addition to the foregoing, on the date when any Receivable in an Account becomes a Defaulted Receivable the Trust
shall automatically and without further action or consideration be deemed to transfer, assign, set over and otherwise convey to the applicable Seller, without recourse, representation or warranty, all right, title and interest of the Trust in and to
the Defaulted Receivables arising in such Account, all monies due and to become due with respect thereto and all proceeds thereof, provided, that Recoveries of such Account shall be applied as provided herein. 

Section 2.11. Account Allocations. In the event that any of the Sellers is unable for any reason to transfer Receivables to the
Trust in accordance with the provisions of this Agreement, including by reason of the application of the provisions of Section 9.02 or any order of any Governmental Authority (a “Transfer Restriction Event”), then, in any such event,
(a) the Sellers and the Servicer agree (except as prohibited by any such order) to allocate and pay to the Trust, after the date of such inability, all Collections, including Collections of Receivables transferred to the Trust prior to the
occurrence of such event, and all amounts which would have constituted Collections but for such Seller’s inability to transfer Receivables (up to an aggregate amount equal to the amount of Receivables transferred to the Trust by such Seller in
the Trust on such date), (b) the Sellers and the Servicer agree that such amounts will be applied as Collections in accordance with Article IV and the terms of each Supplement and (c) for so long as the allocation and application of all
Collections and all amounts that would have constituted Collections are made in accordance with clauses (a) and (b) above, Principal Receivables and all amounts which would have constituted Principal Receivables but for such Seller’s
inability to transfer Receivables to the Trust which are written off as uncollectible in accordance with this Agreement shall continue to be allocated in accordance with Article IV and the terms of each Supplement. For the purpose of the immediately
preceding sentence, the Sellers and the Servicer shall treat the first received Collections with respect to the Accounts as allocable to the Trust until the Trust shall have been allocated and paid Collections in an amount equal to the aggregate

  
 36 

 
amount of Principal Receivables in the Trust as of the date of the occurrence of such event. If any of the Sellers or the Servicer is unable pursuant to any Requirements of Law to allocate
Collections as described above, the Sellers and the Servicer agree that, after the occurrence of such event, payments on each Account with respect to the principal balance of such Account shall be allocated first to the oldest principal balance of
such Account and shall have such payments applied as Collections in accordance with Article IV and the terms of each Supplement. The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables
which have been conveyed to the Trust shall continue to be a part of the Trust notwithstanding any cessation of the transfer of additional Principal Receivables to the Trust and Collections with respect thereto shall continue to be allocated and
paid in accordance with Article IV and the terms of each Supplement. 
 Section 2.12. Dispute Resolution. (a) If any
Receivable is subject to repurchase pursuant to Section 2.05(a)(i) or 2.06 of this Agreement, which repurchase is not resolved in accordance with the terms of this Agreement within 180 days after notice is delivered to the Seller as specified
in any such Section, the Trustee or any holder of an Investor Certificate that gave notice of such breach of a representation and warranty (the “Requesting Party”) will have the right to refer the matter, at its discretion, to either
third-party mediation (including nonbinding arbitration) or arbitration pursuant to this Section 2.12 and the Seller is hereby deemed to consent to the selected resolution method. At the end of the 180-day period described above, the
Representing Party (as defined below) may provide notice informing the Requesting Party of the status of its request or, in the absence of any such notice, the Requesting Party may presume that its request remains unresolved. The Requesting
Party will provide written notice of its intention to refer the matter to mediation or arbitration to the Seller (in such capacity, the “Representing Party”) within 30 calendar days following such 180th day. The Seller agrees to
participate in the resolution method selected by the Requesting Party. 
 (b) If the Requesting Party selects mediation as the resolution
method, the following provisions will apply: 
 (i) The mediation will be administered by the American Arbitration
Association (the “AAA”) pursuant to its Commercial Arbitration Rules and Mediation Procedures in effect on the date of this Agreement (the “Rules”); provided, that if any of the Rules are inconsistent with the procedures for the
mediation or arbitration stated in this Agreement or the Series 2000 Supplement, the procedures in such applicable document will control. 

(ii) The mediator must be a Qualified Dispute Resolution Professional. Upon being supplied a list, by the AAA, of at least
ten potential mediators that are each Qualified Dispute Resolution Professionals, each of the Requesting Party and the Representing Party will have the right to exercise two peremptory challenges within 14 days and to rank the remaining potential
mediators in order of preference. The AAA will select the mediator from the remaining potential mediators on the list respecting the preference choices of the parties to the extent possible. 

(iii) Each of the Requesting Party and the Representing Party will use commercially reasonable efforts to begin the mediation
within 15 Business Days of the selection of the mediator and to conclude the mediation within 45 days of the start of the mediation. 

  
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 (iv) The fees and expenses of the mediation will be allocated as mutually agreed
by the Requesting Party and the Representing Party as part of the mediation. 
 (v) A failure by the Requesting Party and the
Representing Party to resolve a disputed matter through mediation shall not preclude either party from seeking a resolution of such matter through the initiation of a judicial proceeding in a court of competent jurisdiction, subject to
Section 2.12(d) below. 
 (c) If the Requesting Party selects arbitration as the resolution method, the following provisions will
apply: 
 (i) The arbitration will be held in accordance with the United States Arbitration Act, notwithstanding any choice
of law provision in this Agreement, and under the auspices of the AAA and in accordance with the Rules. 
 (ii) If the
repurchase request specified in Section 2.12(a) involves the repurchase of an aggregate amount of Receivables of less than 5% of the total Principal Receivables in the Trust as of the date of such repurchase request, a single arbitrator will be
used. That arbitrator must be a Qualified Dispute Resolution Professional. Upon being supplied a list of at least ten potential arbitrators that are each Qualified Dispute Resolutions Professionals by the AAA, each of the Requesting Party
and the Representing Party will have the right to exercise two peremptory challenges within 14 days and to rank the remaining potential arbitrators in order of preference. The AAA will select the arbitrator from the remaining potential
arbitrators on the list respecting the preference choices of the parties to the extent possible. 
 (iii) If the repurchase
request specified in Section 2.12(a) involves the repurchase of an aggregate amount of Receivables equal to or in excess of 5% of the total Principal Receivables in the Trust as of the date of such repurchase request, a three-arbitrator panel
will be used. The arbitral panel will consist of three Qualified Dispute Resolution Professionals, (A) one to be appointed by the Requesting Party within five Business Days of providing notice to the Representing Party of its selection of
arbitration, (B) one to be appointed by the Representing Party within five Business Days of the Requesting Party’s appointment of an arbitrator, and (C) the third, who will preside over the arbitral panel, to be chosen by the two
party-appointed arbitrators within five Business Days of the Representing Party’s appointment. If any party fails to appoint an arbitrator or the two party-appointed arbitrators fail to appoint the third within the relevant time periods,
then the appointments will be made by the AAA pursuant to the Rules. 
 (iv) Each arbitrator selected for any arbitration
will abide by the Code of Ethics for Arbitrators in Commercial Disputes in effect as of the date of this Agreement. Prior to accepting an appointment, each arbitrator must promptly disclose any circumstances likely to create a reasonable
inference of bias or conflict of interest or likely to preclude completion of the hearings within the prescribed time schedule. Any arbitrator selected may be removed by the AAA for cause consisting of actual bias, conflict of interest or other
serious potential for conflict. 

  
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 (v) The Requesting Party and the Representing Party each agree that it is their
intention that after consulting with the parties, the arbitrator or arbitral panel, as applicable, will devise procedures and deadlines for the arbitration, to the extent not already agreed to by the parties, with the goal of expediting the
proceeding and completing the arbitration within 90 days after appointment of the arbitrator or arbitral panel, as applicable. The arbitrator or the arbitral panel, as applicable, will have the authority to schedule, hear, and determine any and
all motions, including dispositive and discovery motions, in accordance with New York law then in effect (including prehearing and post hearing motions), and will do so on the motion of any party to the arbitration. Notwithstanding any other
discovery that may be available under the Rules, unless otherwise agreed by the parties, each party to the arbitration will be limited to the following discovery in the arbitration: 

(A) Consistent with the expedited nature of arbitration, the Requesting Party and the Representing Party will, upon the written
request of the other party, promptly provide the other with copies of documents relevant to the issues raised by any claim or counterclaim on which the producing party may rely in support of or in opposition to the claim or defense. 

(B) At the request of a party, the arbitrator or arbitral panel, as applicable, shall have the discretion to order examination
by deposition of witnesses to the extent the arbitrator or arbitral panel deems such additional discovery relevant and appropriate. Depositions shall be limited to a maximum of three per party and shall be held within 30 calendar days of
the making of a request. Additional depositions may be scheduled only with the permission of the arbitrator or arbitral panel, and for good cause shown. Each deposition shall be limited to a maximum of three hours’ duration. All
objections are reserved for the arbitration hearing except for objections based on privilege and proprietary or confidential information. 

(C) Any dispute regarding discovery, or the relevance or scope thereof, shall be determined by the arbitrator or arbitral
panel, which determination shall be conclusive. 
 (D) All discovery shall be completed within 60 calendar days
following the appointment of the arbitrator or the arbitral panel, as applicable; provided, that the arbitrator or the arbitral panel, as applicable, will have the ability to grant the parties, or either of them, additional discovery to the extent
that the arbitrator or the arbitral panel, as applicable, determines good cause is shown that such additional discovery is reasonable and necessary. 

(vi) The Requesting Party and the Representing Party each agree that it is their intention that the arbitrator or the arbitral
panel, as applicable, will resolve the dispute in accordance with the terms of this Agreement, and may not modify or change this Agreement in any way. The arbitrator or the arbitral panel, as applicable, will not have the power to award
punitive damages or consequential damages in any arbitration conducted. The Requesting Party and the Representing Party each agree that it is their intention that in its final determination, the arbitrator or the arbitral panel, as applicable,
will determine and award the costs of the arbitration (including the fees of the arbitrator or the arbitral panel, as applicable, cost of any record or transcript of the 

  
 39 

 
arbitration, and administrative fees) and reasonable attorneys’ fees to the parties as determined by the arbitrator or the arbitral panel, as applicable, in its reasonable
discretion. The determination of the arbitrator or the arbitral panel, as applicable, must be consistent with the provisions of this Agreement, including Section 7.01 and Section 13.11, and will be in writing and counterpart copies
will be promptly delivered to the parties. The determination of the arbitrator or the arbitral panel, as applicable, may be reconsidered once by the arbitrator or the arbitral panel, as applicable, upon the motion and at the expense of either
party. Following that single reconsideration, the determination of the arbitrator or the arbitral panel, as applicable, will be final and non-appealable and may be entered in and may be enforced in, any court of competent jurisdiction. 

(vii) By selecting arbitration, the Requesting Party is giving up the right to sue in court, including the right to a trial by
jury. 
 (viii) No Person may bring a putative or certified class action to arbitration. 

(d) The following provisions will apply to both mediations and arbitrations: 

(i) Any mediation or arbitration will be held in New York, New York. 

(ii) Notwithstanding this dispute resolution provision, the parties will have the right to seek provisional or ancillary relief
from a competent court of law, including a temporary restraining order, preliminary injunction or attachment order, provided such relief would otherwise be available by law. 

(iii) The details and/or existence of any unfulfilled repurchase request specified in Section 2.12(a) above, any informal
meetings, mediations or arbitration proceedings, including all offers, promises, conduct and statements, whether oral or written, made in the course of the parties’ attempt to informally resolve an unfulfilled repurchase request, and any
discovery taken in connection with any arbitration, will be confidential, privileged and inadmissible for any purpose, including impeachment, in any mediation, arbitration or litigation, or other proceeding; provided, however, that any discovery
taken in any arbitration will be admissible in that particular arbitration. Such information will be kept strictly confidential and will not be disclosed or discussed with any third party (excluding a party’s attorneys, experts,
accountants and other agents and representatives, as reasonably required in connection with the related resolution procedure), except as otherwise required by law, regulatory requirement or court order. If any party to a resolution procedure
receives a subpoena or other request for information from a third party (other than a governmental regulatory body) for such confidential information, the recipient will promptly notify the other party to the resolution procedure and will provide
the other party with the opportunity to object to the production of its confidential information. Notwithstanding anything in this Section 2.12 to the contrary, any discovery taken in connection with any arbitration pursuant to
Section 2.12(c) above will be admissible in such arbitration. 

  
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 ARTICLE III 

ADMINISTRATION AND SERVICING 
 OF
RECEIVABLES 
 Section 3.01. Acceptance of Appointment and Other Matters Relating to the Servicer. (a) Citibank agrees to
act as the Servicer under this Agreement and the Certificateholders by their acceptance of Certificates consent to Citibank acting as Servicer. 

(b) The Servicer shall service and administer the Receivables, shall collect payments due under the Receivables and shall charge-off as
uncollectible Receivables, all in accordance with its customary and usual servicing procedures for servicing credit card receivables comparable to the Receivables and in accordance with the Credit Card Guidelines. The Servicer shall have full power
and authority, acting alone or through any party properly designated by it hereunder, to do any and all things in connection with such servicing and administration which it may deem necessary or desirable. Without limiting the generality of the
foregoing and subject to Section 10.01 and provided Citibank is the Servicer and the Collection Account is maintained with Citibank, the Servicer or its designee is hereby authorized and empowered (i) to make withdrawals and payments or to
instruct the Trustee to make withdrawals and payments from the Collection Account and any Series Account, as set forth in this Agreement or any Supplement, and (ii) to take any action required or permitted under any Series Enhancement, as set
forth in this Agreement or any Supplement. Without limiting the generality of the foregoing and subject to Section 10.01, the Servicer or its designee is hereby authorized and empowered to make any filings, reports, notices, applications and
registrations with, and to seek any consents or authorizations from, the Securities and Exchange Commission and any state or foreign securities authority on behalf of the Trust as may be necessary or advisable to comply with any Federal, state or
foreign securities laws or reporting requirements. The Trustee shall furnish the Servicer with any documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder. 

(c) The Servicer shall not be obligated to use separate servicing procedures, offices, employees or accounts for servicing the Receivables
from the procedures, offices, employees and accounts used by the Servicer in connection with servicing other credit card receivables. 
 (d)
The Servicer shall comply with and perform its servicing obligations with respect to the Accounts and Receivables in accordance with the Credit Card Agreements relating to the Accounts and the Credit Card Guidelines and all applicable rules and
regulations of VISA, MasterCard, American Express and any other similar entity or organization relating to any other type of revolving credit card accounts included as Accounts, except insofar as any failure to so comply or perform would not
materially and adversely affect the Trust or the Investor Certificateholders. 
 (e) The Servicer shall pay out of its own funds, without
reimbursement, all expenses incurred in connection with the Trust and the servicing activities hereunder including expenses related to enforcement of the Receivables, fees and disbursements of the Trustee (including the reasonable fees and expenses
of its counsel) and independent accountants and all other fees and expenses, including the costs of filing UCC continuation statements and the costs and expenses relating to obtaining and maintaining the listing of any Investor Certificates on any
stock exchange, that are not expressly stated in this Agreement to be payable by the Trust or the Sellers (other than Federal, state, local and foreign income and franchise taxes, if any, or any interest or penalties with respect thereto, assessed
on the Trust). 

  
 41 

 (f) The Servicer agrees that upon a request by the Sellers or the Trustee it will use its best
efforts to obtain and maintain the listing of the Investor Certificates of any Series or Class on any specified securities exchange. If any such request is made, the Servicer shall give notice to the Sellers and the Trustee on the date on which such
Investor Certificates are approved for such listing and within three Business Days following receipt of notice by the Servicer of any actual, proposed or contemplated delisting of such Investor Certificates by any such securities exchange. The
Trustee or the Servicer, each in its sole discretion, may terminate any listing on any such securities exchange at any time subject to the notice requirements set forth in the preceding sentence. 

(g) This Agreement is intended to amend, restate and modify the Second Amended and Restated Pooling and Servicing Agreement in its entirety,
and, from and after the Amendment Date, all references to the Prior Pooling and Servicing Agreement and/or the Second Amended and Restated Pooling and Servicing Agreement in any other instruments or documents shall be deemed to constitute references
to this Agreement. All references in such instruments or documents to Citibank (South Dakota), National Association in its capacity as Servicer of receivables and related assets under the Prior Pooling and Servicing Agreement shall, by operation of
law as a result of the Bank Merger, be references to Citibank in its capacity as Servicer of receivables and related assets hereunder. All references in such instruments or document to Citibank in its capacity as Servicer or receivable and related
assets under the Second Amended and Restated Pooling and Servicing Agreement shall be references to Citibank in its capacity as Servicer of receivables and related assets hereunder. 

(h) By operation of law as a result of the Bank Merger, Citibank is obligated to perform all of the obligations of Citibank (South Dakota),
National Association, in its capacity as Servicer, under or in connection with the Prior Pooling and Servicing Agreement and any Supplement to the Prior Pooling and Servicing Agreement. 

Section 3.02. Servicing Compensation. As full compensation for its servicing activities hereunder and as reimbursement for any
expense incurred by it in connection therewith, the Servicer shall be entitled to receive the Servicing Fee specified in any Supplement. 

Section 3.03. Representations, Warranties and Covenants of the Servicer. Citibank, as initial Servicer, hereby makes, and any
Successor Servicer by its appointment hereunder shall make, on each Closing Date (and on the date of any such appointment), the following representations, warranties and covenants: 

(a) Organization and Good Standing. The Servicer is a national banking association or corporation validly existing under
the applicable law of the jurisdiction of its organization or incorporation and has, in all material respects, full power and authority to own its properties and conduct its credit card business as presently owned or conducted, and to execute,
deliver and perform its obligations under this Agreement and each Supplement. 
 (b) Due Qualification. The Servicer
is duly qualified to do business and is in good standing as a foreign corporation (or is exempt from such requirements) and has 

  
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obtained all necessary licenses and approvals in each jurisdiction in which the servicing of the Receivables as required by this Agreement requires such qualification except where the failure to
so qualify or obtain licenses or approvals would not have a material adverse affect on its ability to perform its obligations as Servicer under this Agreement. 

(c) Due Authorization. The execution, delivery, and performance of this Agreement and each Supplement, and the other
agreements and instruments executed or to be executed by the Servicer as contemplated hereby, have been duly authorized by the Servicer by all necessary action on the part of the Servicer. 

(d) Binding Obligation. This Agreement and each Supplement constitutes a legal, valid and binding obligation of the
Servicer, enforceable in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in
effect. 
 (e) No Conflict. The execution and delivery of this Agreement and each Supplement by the Servicer, and the
performance of the transactions contemplated by this Agreement and each Supplement and the fulfillment of the terms hereof and thereof applicable to the Servicer, will not conflict with or violate any Requirements of Law applicable to the Servicer
or conflict with, violate or 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 Servicer is a party or by which it or its properties are bound. 
 (f) No
Proceedings. There are no proceedings or investigations pending or, to the best knowledge of the Servicer, threatened against the Servicer before any Governmental Authority seeking to prevent the consummation of any of the transactions
contemplated by this Agreement or any Supplement or seeking any determination or ruling that, in the reasonable judgment of the Servicer, would materially and adversely affect the performance by the Servicer of its obligations under this Agreement
or any Supplement. 
 (g) Compliance with Requirements of Law. The Servicer shall duly satisfy all obligations on its
part to be fulfilled under or in connection with each Receivable and the related Account, will maintain in effect all qualifications required under Requirements of Law in order to service properly each Receivable and the related Account and will
comply in all material respects with all other Requirements of Law in connection with servicing each Receivable and the related Account the failure to comply with which would have a material adverse effect on the Investor Certificateholders or any
Series Enhancer. 
 (h) No Rescission or Cancellation. The Servicer shall not permit any rescission or cancellation of
any Receivable except in accordance with the Credit Card Guidelines or as ordered by a court of competent jurisdiction or other Governmental Authority. 

(i) Protection of Certificateholders’ Rights. The Servicer shall take no action which, nor omit to take any action
the omission of which, would impair the rights of Certificateholders in any Receivable or the related Account or the rights of any Series Enhancer, nor shall it reschedule, revise or defer payments due on any Receivable except in accordance with the
Credit Card Guidelines. 

  
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 (j) Receivables Not To Be Evidenced by Promissory Notes. Except in
connection with its enforcement or collection of an Account, the Servicer will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC) and if any Receivable is so evidenced it shall be reassigned or assigned
to the Servicer as provided in this Section. 
 (k) All Consents. All authorizations, consents, orders or approvals of
or registrations or declarations with any Governmental Authority required to be obtained, effected or given by the Servicer in connection with the execution and delivery of this Agreement and each Supplement by the Servicer and the performance of
the transactions contemplated by this Agreement and each Supplement by the Servicer, have been duly obtained, effected or given and are in full force and effect. 

In the event (x) any of the representations, warranties or covenants of the Servicer contained in paragraph (g), (h) or
(i) with respect to any Receivable or the related Account is breached, and such breach has a material adverse effect on the Certificateholders’ Interest in such Receivable (which determination shall be made without regard to whether funds
are then available to any Investor Certificateholders pursuant to any Series Enhancement) and is not cured within 60 days (or such longer period, not in excess of 150 days, as may be agreed to by the Trustee) of the earlier to occur of the discovery
of such event by the Servicer, or receipt by the Servicer of notice of such event given by the Trustee, or (y) as provided in paragraph (j) with respect to any Receivable, all Receivables in the Account or Accounts to which such event
relates shall be reassigned or assigned to the Servicer on the terms and conditions set forth below. 
 If Citibank is the Servicer, such
reassignment or assignment shall be accomplished in the manner set forth in Section 2.05(b) as if the reassigned or assigned Receivables were Ineligible Receivables (including the requirement, if applicable, to reduce the Sellers’
Participation Amount and the Sellers’ Interest and the Floating Allocation Percentage and the Principal Allocation Percentage applicable to any Series and to make deposits into the Collection Account) and any amounts deposited into the
Collection Account in connection with such reassignment or assignment pursuant to this Section shall be considered a Transfer Deposit Amount and shall be applied in accordance with Article IV and the terms of each Supplement. If Citibank is not the
Servicer, the Servicer shall effect such assignment by making a deposit into the Collection Account in immediately available funds on the Transfer Date following the Due Period in which such assignment obligation arises in an amount equal to the
amount of such Receivables. 
 Upon each such reassignment or assignment to the Servicer, the Trustee, on behalf of the Trust, shall
automatically and without further action be deemed to sell, transfer, assign, set over and otherwise convey to the Servicer or its designee, without recourse, representation or warranty, all right, title and interest of the Trust in and to such
Receivables, all monies due or to become due and all amounts received with respect thereto and all proceeds thereof. The Trustee shall execute such documents and instruments of transfer or assignment and take such other actions as shall be
reasonably requested by the Servicer to effect the conveyance of any such Receivables pursuant to this Section. The obligation of the Servicer to accept reassignment or assignment of such Receivables, and to make the deposits, if any, required to be
made to the 

  
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Collection Account as provided in the preceding paragraph, shall constitute the sole remedy respecting the event giving rise to such obligation available to Certificateholders (or the Trustee on
behalf of Certificateholders) or any Series Enhancer, except as provided in Section 8.04. 
 Section 3.04. Reports and Records
for the Trustee. (a) Daily Records. On each Business Day, the Servicer shall make or cause to be made available at the office of the Servicer for inspection by the Trustee upon request a record setting forth (i) the Collections
in respect of Principal Receivables and in respect of Finance Charge Receivables processed by the Servicer on the second preceding Business Day in respect of each Account and (ii) the amount of Receivables as of the close of business on the
second preceding Business Day in each Account. The Servicer shall, at all times, maintain its computer files with respect to the Accounts in such a manner so that the Accounts may be specifically identified and shall make available to the Trustee at
the office of the Servicer on any Business Day any computer programs necessary to make such identification. 
 (b) Monthly
Servicer’s Certificate. On or about the 15th day of each month but in no event later than the 15th calendar day after each
Distribution Date, the Servicer shall, with respect to each outstanding Series, deliver to the Trustee, the Paying Agent, each Rating Agency and each Series Enhancer a certificate of a Servicing Officer in substantially the form set forth in the
related Supplement. 
 Section 3.05. Annual Certificate of Servicer. The Servicer shall deliver to the Trustee, each Rating
Agency and each Series Enhancer on or before March 31 of each calendar year, beginning with March 31, 1992, an Officer’s Certificate substantially in the form of Exhibit D. 

Section 3.06. Annual Servicing Report of Independent Public Accountants; Copies of Reports Available. (a) On or before
March 31 of each calendar year, beginning with March 31, 1992, the Servicer shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Servicer or the Sellers) to furnish a report
(addressed to the Trustee) to the Trustee, the Servicer, each Rating Agency and each Series Enhancer to the effect that they have examined certain documents and records relating to the servicing of Accounts under this Agreement and each Supplement,
compared the information contained in the Servicer’s certificates delivered pursuant to Section 3.04(b) during the period covered by such report with such documents and records and that, on the basis of such examination, such accountants
are of the opinion that the servicing has been conducted in compliance with the terms and conditions as set forth in Article III, Article IV and Section 8.08 of this Agreement and the applicable provisions of each Supplement, except for such
exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement. 
 (b) On or before
March 31 of each calendar year, beginning with March 31, 1992, the Servicer shall cause a firm of nationally recognized independent public accountants (who may also render other services to the Servicer or Sellers) to furnish a report to
the Trustee, the Servicer, each Rating Agency and each Series Enhancer to the effect that they have compared the mathematical calculations of each amount set forth in the Servicer’s certificates delivered pursuant to Section 3.04(b) during
the period covered by such report with the Servicer’s computer reports which were the source of such amounts and that on the basis of such comparison, such accountants are of the opinion that such amounts are in agreement, except for such
exceptions as they believe to be immaterial and such other exceptions as shall be set forth in such statement. 

  
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 (c) A copy of each certificate and report provided pursuant to Section 3.04(b),
Section 3.05 or Section 3.06 may be obtained by any Investor Certificateholder or Certificate Owner by a request to the Trustee addressed to the Corporate Trust Office. 

Section 3.07. Tax Treatment. Notwithstanding anything in this Agreement to the contrary, the Sellers have entered into this
Agreement, and the Certificates will be issued, with the intention that, for Federal, state and local income and franchise tax purposes only, the Investor Certificates will qualify as indebtedness of the Sellers secured by the Receivables. The
Sellers, by entering into this Agreement, and each Certificateholder, by the acceptance of its Certificate (and each Certificate Owner, by its acceptance of an interest in the applicable Certificate), agree to treat the Investor Certificates for
Federal, state and local income and franchise tax purposes as indebtedness of the Sellers. 
 Section 3.08. Notices to Citibank.
In the event that Citibank is no longer acting as Servicer, any Successor Servicer shall deliver to Citibank each certificate and report required to be provided thereafter pursuant to Section 3.04(b), Section 3.05 or Section 3.06.

 Section 3.09. Adjustments. (a) If the Servicer adjusts downward the amount of any Receivable because of a rebate,
refund, unauthorized charge or billing error to a cardholder, because such Receivable was created in respect of merchandise which was refused or returned by a cardholder, or because the Servicer charges off as uncollectible Small Balances, or if the
Servicer otherwise adjusts downward the amount of any Receivable without receiving Collections therefor or charging off such amount as uncollectible, then, in any such case, the amount of Principal Receivables used to calculate the Sellers’
Participation Amount, the Sellers’ Interest and the Floating Allocation Percentage and the Principal Allocation Percentage applicable to any Series will be reduced by the amount of the adjustment. Similarly, the amount of Principal Receivables
used to calculate the Sellers’ Participation Amount, the Sellers’ Interest and the Floating Allocation Percentage and the Principal Allocation Percentage applicable to any Series will be reduced by the amount of any Receivable which was
discovered as having been created through a fraudulent or counterfeit charge or with respect to which the covenant contained in Section 2.07(b) was breached. Any adjustment required pursuant to either of the two preceding sentences shall be
made on or prior to the end of the Due Period in which such adjustment obligation arises. In the event that, following the exclusion of such Principal Receivables from the calculation of the Sellers’ Participation Amount, the Sellers’
Participation Amount would be a negative number, not later than 12:00 noon, New York City time, on the Distribution Date following the Due Period in which such adjustment obligation arises, the Sellers shall make a deposit into the Collection
Account in immediately available funds in an amount equal to the amount by which the Sellers’ Participation Amount would be below zero (up to the amount of such Principal Receivables). In the event that at the time of the adjustment of any
Receivable the Invested Amount for any outstanding Series is less than the unpaid principal amount of the Investor Certificates of such Series, not later than 12:00 noon, New York City time, on the Distribution Date following the Due Period in which
such adjustment obligation arises, the Sellers will make a deposit into the Collection Account in immediately available funds in an amount equal to the lesser of (i) the excess of the portion of such adjusted Receivable which is a Principal
Receivable over the amount to be deposited into the Collection Account pursuant to the immediately preceding sentence and (ii) the excess of the aggregate unpaid principal amount of all Investor Certificates over the aggregate Invested Amounts
for all outstanding Series. Any amount deposited into the Collection Account in connection with the adjustment of a Receivable shall be considered an Adjustment Payment and shall be applied in accordance with Article IV and the terms of each
Supplement. 

  
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 (b) If (i) the Servicer makes a deposit into the Collection Account in respect of a
Collection of a Receivable and such Collection was received by the Servicer in the form of a check which is not honored for any reason or (ii) the Servicer makes a mistake with respect to the amount of any Collection and deposits an amount that
is less than or more than the actual amount of such Collection, the Servicer shall appropriately adjust the amount subsequently deposited into the Collection Account to reflect such dishonored check or mistake. Any Receivable in respect of which a
dishonored check is received shall be deemed not to have been paid. Notwithstanding the first two sentences of this paragraph, no adjustments shall be made pursuant to this paragraph that will change any amount previously reported pursuant to
Section 3.04(b). 
 Section 3.10. Reporting Request to Communicate. With respect to any Due Period in which the Servicer or
the Seller receives a request from any Certificate Owner to communicate with another Certificate Owner, the Servicer or the Seller, as applicable, shall include the following information in the related distribution report on Form 10-D: 

(i) the name of the Certificate Owner making such request; 

(ii) the date the Servicer or the Seller, as applicable, received such request; 

(iii) a statement to the effect that the Servicer or the Seller, as applicable, has received a request from such Certificate
Owner stating that it is interested in communicating with other such Certificate Owners with regard to the possible exercise of rights under this Agreement and the other transaction documents; and 

(iv) a description of the method other such Certificate Owners may use to contact the requesting Certificate Owner; 

provided, however, that prior to disclosing the information listed above on Form 10-D, the Servicer or the Seller, as applicable, shall be
entitled to verify the identity of such requesting Certificate Owner by requiring it to provide written certification that it is such a Certificate Owner and one other form of documentation, such as a trade confirmation, an account statement, a
letter from such Certificate Owner’s broker or dealer, or another similar document. 
 ARTICLE IV 

RIGHTS OF CERTIFICATEHOLDERS AND 

ALLOCATION AND APPLICATION OF COLLECTIONS 

Section 4.01. Rights of Certificateholders. The Investor Certificates shall represent fractional undivided interests in the Trust,
which, with respect to each Series, shall consist of the right to receive, to the extent necessary to make the required payments with respect to the Investor Certificates of such Series at the times and in the amounts specified in the related
Supplement, the portion of Collections allocable to Investor Certificateholders of such Series pursuant to this Agreement and such Supplement, funds on deposit in the Collection Account 

  
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allocable to Certificateholders of such Series pursuant to this Agreement and such Supplement, funds on deposit in any related Series Account and funds available pursuant to any related Series
Enhancement (collectively, with respect to all Series, the “Certificateholders’ Interest”), it being understood that the Investor Certificates of any Series or Class shall not represent any interest in any Series Account or Series
Enhancement for the benefit of any other Series or Class. The Sellers’ Certificate shall represent the ownership interest in the remainder of the Trust Assets not allocated pursuant to this Agreement or any Supplement to the Investor
Certificateholders’ Interest, including the right to receive Collections with respect to the Receivables and other amounts at the times and in the amounts specified in any Supplement to be paid to the Seller on behalf of all holders of the
Sellers’ Certificate (the “Sellers’ Interest”); provided, however, that the Sellers’ Certificate shall not represent any interest in the Collection Account, any Series Account or any Series Enhancement, except
as specifically provided in this Agreement or any Supplement. 
 Section 4.02. Establishment of Collection Account. The
Servicer, for the benefit of the Certificateholders, shall establish and maintain in the name of the Trustee, on behalf of the Trust, an Eligible Deposit Account bearing a designation clearly indicating that the funds deposited therein are held for
the benefit of the Certificateholders (the “Collection Account”). The Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Collection Account and in all proceeds thereof. The Collection
Account shall be under the sole dominion and control of the Trustee for the benefit of the Certificateholders. Except as expressly provided in this Agreement, the Servicer agrees that it shall have no right of setoff or banker’s lien against,
and no right to otherwise deduct from, any funds held in the Collection Account for any amount owed to it by the Trustee, the Trust, any Certificateholder or any Series Enhancer. If, at any time, the Collection Account ceases to be an Eligible
Deposit Account, the Trustee (or the Servicer on its behalf) shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Rating Agency may consent) establish a new Collection Account meeting the conditions
specified above, transfer any cash and/or any investments to such new Collection Account and from the date such new Collection Account is established, it shall be the “Collection Account.” 

Unless otherwise agreed by each Rating Agency, if at any time neither Citibank nor any other affiliate of Citigroup Inc. is the Servicer, the
Collection Account will be moved from Citibank if then maintained there. 
 Funds on deposit in the Collection Account (other than
investment earnings and amounts deposited pursuant to Sections 2.06, 9.02, 10.01 or 12.02) shall at the direction of the Servicer be invested by the Trustee in Eligible Investments selected by the Servicer. All such Eligible Investments shall be
held by the Trustee for the benefit of the Certificateholders. Investments of funds representing Collections collected during any Due Period shall be invested in Eligible Investments that will mature so that funds will be available at the close of
business on the Transfer Date following such Due Period in amounts sufficient to make the required distributions on the following Distribution Date. Funds deposited in the Collection Account on a Transfer Date with respect to the next following
Distribution Date are not required to be invested overnight. On each Distribution Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Collection Account shall be paid to the Sellers,
except as otherwise specified in any Supplement. 

  
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 Section 4.03. Collections and Allocations. (a) The Servicer will apply or will
instruct the Trustee to apply all funds on deposit in the Collection Account as described in this Article IV and in each Supplement. Except as otherwise provided below, the Servicer shall deposit Collections into the Collection Account as promptly
as possible after the Date of Processing of such Collections, but in no event later than the second Business Day following the Date of Processing. Subject to the express terms of any Supplement, but notwithstanding anything else in this Agreement to
the contrary, for so long as Citibank remains the Servicer and maintains a certificate of deposit rating of A-1 or better by Standard & Poor’s and P-1 by Moody’s, and for five Business Days following any reduction or withdrawal of
either such rating, the Servicer need not make the daily deposits of Collections into the Collection Account as provided in the preceding sentence, but may make a single deposit in the Collection Account in immediately available funds not later than
12:00 noon, New York City time, on the Distribution Date. Subject to the first proviso in Section 4.04, but notwithstanding anything else in this Agreement to the contrary, with respect to any Due Period, whether the Servicer is required to
make deposits of Collections pursuant to the first or the second preceding sentence, (i) the Servicer will only be required to deposit Collections into the Collection Account up to the aggregate amount of Collections required to be deposited
into any Series Account or, without duplication, distributed on or prior to the related Distribution Date to Investor Certificateholders or to any Series Enhancer pursuant to the terms of any Supplement or Enhancement Agreement and (ii) if at
any time prior to such Distribution Date the amount of Collections deposited in the Collection Account exceeds the amount required to be deposited pursuant to clause (i) above, the Servicer will be permitted to withdraw the excess from the
Collection Account. 
 (b) Collections of Finance Charge Receivables and Principal Receivables and Defaulted Receivables and Miscellaneous
Payments will be allocated to each Series on the basis of such Series’ Series Allocable Finance Charge Collections, Series Allocable Principal Collections, Series Allocable Defaulted Amount and Series Allocable Miscellaneous Payments and
amounts so allocated to any Series will not, except as specified in the related Supplement, be available to the Investor Certificateholders of any other Series. Allocations thereof between the Certificateholders’ Interest and the Sellers’
Interest, among the Series in any Group and among the Classes in any Series shall be set forth in the related Supplement or Supplements. 

Section 4.04. Unallocated Principal Collections. On each Distribution Date, (a) the Servicer shall allocate Excess Principal
Collections (as described below) to each Series as set forth in the related Supplement and (b) the Servicer shall withdraw from the Collection Account and pay to the Sellers (i) an amount equal to the excess, if any, of (x) the
aggregate amount for all outstanding Series of Collections of Principal Receivables which the related Supplements specify are to be treated as “Excess Principal Collections” for such Distribution Date over (y) the aggregate amount for
all outstanding Series which the related Supplements specify are “Principal Shortfalls” for such Distribution Date and, without duplication, (ii) the aggregate amount for all outstanding Series of that portion of Series Allocable
Principal Collections which the related Supplements specify are to be allocated and paid to the Sellers with respect to such Distribution Date; provided, however, that, in the case of clauses (i) and (ii), such amounts shall be
paid to the Sellers only if the Sellers’ Participation Amount for such Distribution Date (determined after giving effect to any Principal Receivables transferred to the Trust on such date) exceeds zero. The amount held in the Collection Account
as a result of the proviso in the preceding sentence (“Unallocated Principal Collections”) shall be paid to the Sellers at the time the Sellers’ Participation Amount exceeds zero; provided, however, that any Unallocated
Principal Collections on deposit in the Collection Account at any time during which any Series is in its 

  
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Accumulation Period, amortization period or Early Amortization Period shall be deemed to be “Miscellaneous Payments” and shall be allocated and distributed in accordance with
Section 4.03 and the terms of each Supplement. 
 Section 4.05. Additional Withdrawals from the Collection Account. On or
before the Determination Date with respect to any Due Period, the Servicer shall determine the amounts payable to any Account Owner with respect to such Due Period under the applicable Receivables Purchase Agreement, if any, in respect of amounts on
deposit in the Collection Account that were not transferred to the Trust hereunder, and the Servicer shall withdraw such amounts from the Collection Account and pay such amounts to such Account Owner. Amounts paid by or on behalf of any Obligor with
respect to any Account will be attributed first to Excluded Receivables to the extent applicable to such Account, and then to Receivables. 

ARTICLE V 
 DISTRIBUTIONS AND
REPORTS TO 
 CERTIFICATEHOLDERS 

Distributions shall be made to, and reports shall be provided to, Certificateholders as set forth in the applicable Supplement. 

ARTICLE VI 
 THE CERTIFICATES 

Section 6.01. The Certificates. The Investor Certificates of any Series or Class shall be issued in fully registered form
(“Registered Certificates”) and shall be substantially in the form of the exhibits with respect thereto attached to the applicable Supplement. Prior to the date hereof, the Bank Certificate was issued in registered form, substantially in
the form of Exhibit A, and upon issue, was executed and delivered by the Bank to the Trustee for authentication and redelivery and the Trustee did authenticate and redeliver the Bank Certificate; such Bank Certificate remains outstanding under this
Agreement. Except as otherwise provided in any Supplement, Registered Certificates shall be issued in minimum denominations of $1,000 and in integral multiples of $1,000 in excess thereof. If specified in any Supplement, the Investor Certificates of
any Series or Class shall be issued upon initial issuance as a single certificate evidencing the aggregate original principal amount of such Series or Class as described in Section 6.13. The Bank Certificate shall be a single certificate and
shall initially represent the entire Sellers’ Interest. Each Certificate shall be executed by manual or facsimile signature on behalf of the Bank by its President or any Vice President. Certificates bearing the manual or facsimile signature of
an individual who was, at the time when such signature was affixed, authorized to sign on behalf of the Bank shall not be rendered invalid, notwithstanding that such individual ceased to be so authorized prior to the authentication and delivery of
such Certificates or does not hold such office at the date of such Certificates. No Certificates shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate a certificate of
authentication substantially 

  
 50 

 
in the form provided for herein executed by or on behalf of the Trustee by the manual signature of a duly authorized signatory, and such certificate upon any Certificate shall be conclusive
evidence, and the only evidence, that such Certificate has been duly authenticated and delivered hereunder. All Registered Certificates and the Sellers’ Certificate shall be dated the date of their authentication. 

Section 6.02. Authentication of Certificates. The Trustee shall authenticate and deliver the Investor Certificates of each Series
and Class that are issued upon original issuance to or upon the order of the Sellers against payment to the Sellers of the purchase price therefor. The Trustee shall authenticate and deliver the Bank Certificate to the Sellers simultaneously with
its delivery of the Investor Certificates of the first Series to be issued hereunder. If specified in the related Supplement for any Series or Class, the Trustee shall authenticate and deliver outside the United States the Global Certificate that is
issued upon original issuance thereof. 
 Section 6.03. New Issuances. (a) The Sellers may from time to time direct the
Trustee, on behalf of the Trust, to issue one or more new Series of Investor Certificates. The Investor Certificates of all outstanding Series shall be equally and ratably entitled as provided herein to the benefits of this Agreement without
preference, priority or distinction, all in accordance with the terms and provisions of this Agreement and the applicable Supplement except, with respect to any Series or Class, as provided in the related Supplement. 

(b) On or before the Series Issuance Date relating to any new Series, the parties hereto will execute and deliver a Supplement which will
specify the Principal Terms of such new Series. The terms of such Supplement may modify or amend the terms of this Agreement solely as applied to such new Series. The obligation of the Trustee to issue the Investor Certificates of such new Series
and to execute and deliver the related Supplement is subject to the satisfaction of the following conditions: 
 (i) on or
before the fifth Business Day immediately preceding the Series Issuance Date, the Sellers shall have given the Trustee, the Servicer, each Rating Agency and each Series Enhancer notice of such issuance and the Series Issuance Date; 

(ii) the Sellers shall have delivered to the Trustee the related Supplement, in form satisfactory to the Trustee, executed by
each party hereto other than the Trustee; 
 (iii) the Sellers shall have delivered to the Trustee any related Enhancement
Agreement executed by each of the parties thereto, other than the Trustee; 
 (iv) the Rating Agency Condition shall have
been satisfied with respect to such issuance; 
 (v) such issuance will not result in the occurrence of an Amortization Event
and the Sellers shall have delivered to the Trustee and any Series Enhancer a certificate of a Vice President or more senior officer, dated the Series Issuance Date, to the effect that such Seller reasonably believes that such issuance will not have
an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future; 

  
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 (vi) the Sellers shall have delivered to the Trustee, each Rating Agency and each
Series Enhancer a Tax Opinion, dated the Series Issuance Date, with respect to such issuance; and 
 (vii) the Bank’s
Interest shall not be less than 2% of the total amount of Principal Receivables, in each case as of the Series Issuance Date, and after giving effect to such issuance. 

Upon satisfaction of the above conditions, the Trustee shall execute the Supplement and issue to the Bank the Investor Certificates of such Series for
execution and redelivery to the Trustee for authentication. 
 (c) The Bank may surrender the Bank Certificate to the Trustee in exchange
for a newly issued Bank Certificate and a second certificate (a “Supplemental Certificate”), the terms of which shall be defined in a supplement to this Agreement (which supplement shall be subject to Section 13.01 to the extent that
it amends any of the terms of this Agreement), to be delivered to or upon the order of the Bank (or the holder of a Supplemental Certificate, in the case of the transfer or exchange thereof, as provided below), upon satisfaction of the following
conditions: 
 (i) the Bank’s Interest shall not be less than 2% of the total amount of Principal Receivables, in each
case as of the date of, and after giving effect to, such exchange; 
 (ii) the Rating Agency Condition shall have been
satisfied with respect to such exchange (or transfer or exchange as provided below); and 
 (iii) the Sellers shall have
delivered to the Trustee, each Rating Agency and each Series Enhancer a Tax Opinion, dated the date of such exchange (or transfer or exchange as provided below), with respect thereto. 

The Bank Certificate will at all times be beneficially owned by Citibank. Any Supplemental Certificate may be transferred or exchanged only upon satisfaction
of the conditions set forth in clauses (ii) and (iii) above. The conditions set forth above shall also apply to the designation of an Additional Seller pursuant to Section 2.09(f). 

Section 6.04. Registration of Transfer and Exchange of Certificates. (a) The Trustee shall cause to be kept at the office or
agency to be maintained in accordance with the provisions of Section 11.16 a register (the “Certificate Register”) in which, subject to such reasonable regulations as it may prescribe, a transfer agent and registrar (which may be the
Trustee) (the “Transfer Agent and Registrar”) shall provide for the registration of the Registered Certificates and of transfers and exchanges of the Registered Certificates as herein provided. The Transfer Agent and Registrar shall
initially be Citibank and any co-transfer agent and co-registrar chosen by Citibank and acceptable to the Trustee, including, if and so long as any Series or Class is listed on the Luxembourg Stock Exchange and such exchange shall so require, a
co-transfer agent and co-registrar in Luxembourg. So long as any Investor Certificates are outstanding, the Sellers shall maintain a co-transfer agent and co-registrar in New York City. Any reference in this Agreement to the Transfer Agent and
Registrar shall include any co-transfer agent and co-registrar unless the context requires otherwise. 

  
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 The Trustee may revoke such appointment and remove Citibank as Transfer Agent and Registrar if
the Trustee determines in its sole discretion that Citibank failed to perform its obligations under this Agreement in any material respect. Citibank shall be permitted to resign as Transfer Agent and Registrar upon 30 days’ notice to the
Sellers, the Trustee and the Servicer; provided, however, that such resignation shall not be effective and Citibank shall continue to perform its duties as Transfer Agent and Registrar until the Trustee has appointed a successor
Transfer Agent and Registrar reasonably acceptable to the Sellers. 
 Subject to paragraph (c) below, upon surrender for registration
of transfer of any Registered Certificate at any office or agency of the Transfer Agent and Registrar maintained for such purpose, one or more new Registered Certificates (of the same Series and Class) in authorized denominations of like aggregate
fractional undivided interests in the Certificateholders’ Interest shall be executed, authenticated and delivered, in the name of the designated transferee or transferees. 

At the option of a Registered Certificateholder, Registered Certificates (of the same Series and Class) may be exchanged for other Registered
Certificates of authorized denominations of like aggregate fractional undivided interests in the Certificateholders’ Interest, upon surrender of the Registered Certificates to be exchanged at any such office or agency. 

The preceding provisions of this Section notwithstanding, the Trustee or the Transfer Agent and Registrar, as the case may be, shall not be
required to register the transfer or exchange of any Certificate for a period of 15 days preceding the due date for any payment with respect to the Certificate. 

Whenever any Investor Certificates are so surrendered for exchange, the Sellers shall execute, the Trustee shall authenticate and the Transfer
Agent and Registrar shall deliver the Investor Certificates which the Investor Certificateholder making the exchange is entitled to receive. Every Investor Certificate presented or surrendered for registration of transfer or exchange shall be
accompanied by a written instrument of transfer in a form satisfactory to the Trustee or the Transfer Agent and Registrar duly executed by the Investor Certificateholder or the attorney-in-fact thereof duly authorized in writing. 

No service charge shall be made for any registration of transfer or exchange of Investor Certificates, but the Transfer Agent and Registrar
may require payment of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any such transfer or exchange. 

  
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 All Investor Certificates surrendered for registration of transfer and exchange or for payment
shall be canceled and disposed of in a manner satisfactory to the Trustee. The Trustee shall cancel and destroy any Global Certificate upon its exchange in full for Definitive Euro-Certificates and shall deliver a certificate of destruction to the
Sellers. Such certificate shall also state that a certificate or certificates of a Foreign Clearing Agency to the effect referred to in Section 6.13 was received with respect to each portion of the Global Certificate exchanged for Definitive
Euro-Certificates. 
 The Sellers shall execute and deliver to the Trustee Registered Certificates in such amounts and at such times as are
necessary to enable the Trustee to fulfill its responsibilities under this Agreement, each Supplement and the Certificates. 
 (b) The
Transfer Agent and Registrar will maintain at its expense in each of the Borough of Manhattan, The City of New York, and, if and so long as any Series or Class is listed on the Luxembourg Stock Exchange, Luxembourg, an office or agency where
Investor Certificates may be surrendered for registration of transfer or exchange. 
 (c)(i) Registration of transfer of Investor
Certificates containing a legend to the effect set forth on Exhibit E-1 shall be effected only if such transfer (x) is made pursuant to an effective registration statement under the Act, or is exempt from the registration requirements under the
Act, and (y) is made to a Person which is not an employee benefit plan, trust or account, including an individual retirement account, that is subject to ERISA or that is described in Section 4975(e)(1) of the Code or an entity whose
underlying assets include plan assets by reason of a plan’s investment in such entity (a “Benefit Plan”). In the event that registration of a transfer is to be made in reliance upon an exemption from the registration requirements
under the Act, the transferor or the transferee shall deliver, at its expense, to the Sellers, the Servicer and the Trustee, an investment letter from the transferee, substantially in the form of the investment and ERISA representation letter
attached hereto as Exhibit E-2, and no registration of transfer shall be made until such letter is so delivered. 
 Investor Certificates
issued upon registration or transfer of, or Investor Certificates issued in exchange for, Investor Certificates bearing the legend referred to above shall also bear such legend unless the Sellers, the Servicer, the Trustee and the Transfer Agent and
Registrar receive an opinion of counsel, satisfactory to each of them, to the effect that such legend may be removed. 
 Whenever an
Investor Certificate containing the legend referred to above is presented to the Transfer Agent and Registrar for registration of transfer, the Transfer Agent and Registrar shall promptly seek instructions from the Servicer regarding such transfer
and shall be entitled to receive instructions signed by a Servicing Officer prior to registering any such transfer. The Sellers hereby agree to indemnify the Transfer Agent and Registrar and the Trustee and to hold each of them harmless against any
loss, liability or expense incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by them in relation to any such instructions furnished pursuant to this clause (i). 

  
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 (ii) Registration of transfer of Investor Certificates containing a legend to the effect set
forth on Exhibit E-3 shall be effected only if such transfer is made to a Person which is not a Benefit Plan. By accepting and holding any such Investor Certificate, an Investor Certificateholder shall be deemed to have represented and warranted
that it is not a Benefit Plan. By acquiring any interest in a Book-Entry Certificate, a Certificate Owner shall be deemed to have represented and warranted that it is not a Benefit Plan. 

(iii) If so requested by the Sellers, the Trustee will make available to any prospective purchaser of Investor Certificates who so requests, a
copy of a letter provided to the Trustee by or on behalf of the Seller relating to the transferability of any Series or Class to a Benefit Plan. 

Section 6.05. Mutilated, Destroyed, Lost or Stolen Certificates. If (a) any mutilated Certificate is surrendered to the
Transfer Agent and Registrar, or the Transfer Agent and Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Certificate and (b) there is delivered to the Transfer Agent and Registrar and the Trustee such
security or indemnity as may be required by them to save each of them harmless, then, in the absence of notice to the Trustee that such Certificate has been acquired by a bona fide purchaser, the Sellers shall execute, the Trustee shall authenticate
and the Transfer Agent and Registrar shall deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Certificate, a new Certificate of like tenor and aggregate fractional undivided interest. In connection with the issuance
of any new Certificate under this Section, the Trustee or the Transfer Agent and Registrar may require the payment by the Certificateholder of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and
any other expenses (including the fees and expenses of the Trustee and Transfer Agent and Registrar) connected therewith. Any duplicate Certificate issued pursuant to this Section shall constitute complete and indefeasible evidence of ownership in
the Trust, as if originally issued, whether or not the lost, stolen or destroyed Certificate shall be found at any time. 

Section 6.06. Persons Deemed Owners. The Trustee, the Paying Agent, the Transfer Agent and Registrar and any agent of any of them
may, prior to due presentation of a Registered Certificate for registration of transfer, treat the Person in whose name any Registered Certificate is registered as the owner of such Registered Certificate for the purpose of receiving
distributions pursuant to the terms of the applicable Supplement and for all other purposes whatsoever, and neither the Trustee, the Paying Agent, the Transfer Agent and Registrar nor any agent of any of them shall be affected by any notice to the
contrary. Notwithstanding the foregoing, in determining whether the Holders of the requisite Investor Certificates have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Certificates owned by any of the
Sellers, the Servicer, any other holder of a Sellers’ Certificate or any Affiliate thereof, and in addition, in the case of such determination pursuant to Section 14.02(a) or 14.02(b), Investor Certificates owned by the
Asset Representations Reviewer or any Affiliate thereof, shall be disregarded and deemed not to be outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand,
authorization, direction, notice, consent or waiver, only Certificates which the Trustee knows to be so owned shall be so disregarded. Certificates so owned which have been pledged in good faith shall not be

  
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disregarded and may be regarded as outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Certificates and that the
pledgee is not any Seller, the Servicer, any other holder of a Sellers’ Certificate or any Affiliate thereof, and in the case of Section 14.02(a) or 14.02(b), the pledgee is not the Asset Representations Reviewer or any Affiliate thereof.

 Section 6.07. Appointment of Paying Agent. The Paying Agent shall make distributions to Investor Certificateholders from the
Collection Account or applicable Series Account pursuant to the provisions of the applicable Supplement and shall report the amounts of such distributions to the Trustee. Any Paying Agent shall have the revocable power to withdraw funds from the
Collection Account or applicable Series Account for the purpose of making the distributions referred to above. The Trustee may revoke such power and remove the Paying Agent if the Trustee determines in its sole discretion that the Paying Agent shall
have failed to perform its obligations under this Agreement or any Supplement in any material respect. The Paying Agent shall initially be Citibank and any co-paying agent chosen by Citibank and acceptable to the Trustee, including, if and so long
as any Series or Class is listed on the Luxembourg Stock Exchange and such exchange so requires, a co-paying agent in Luxembourg or another western European city. Citibank shall be permitted to resign as Paying Agent upon 30 days’ notice to the
Trustee. In the event that Citibank shall no longer be the Paying Agent, the Trustee shall appoint a successor to act as Paying Agent. The Trustee shall cause each successor or additional Paying Agent to execute and deliver to the Trustee an
instrument in which such successor or additional Paying Agent shall agree with the Trustee that it will hold all sums, if any, held by it for payment to the Investor Certificateholders in trust for the benefit of the Investor Certificateholders
entitled thereto until such sums shall be paid to such Investor Certificateholders. The Paying Agent shall return all unclaimed funds to the Trustee and upon removal shall also return all funds in its possession to the Trustee. The provisions of
Sections 11.01, 11.02, 11.03 and 11.05 shall apply to the Trustee also in its role as Paying Agent, for so long as the Trustee shall act as Paying Agent. Any reference in this Agreement to the Paying Agent shall include any co-paying agent unless
the context requires otherwise. 
 Section 6.08. Access to List of Registered Certificateholders’ Names and Addresses. The
Trustee will furnish or cause to be furnished by the Transfer Agent and Registrar to the Servicer or the Paying Agent, within five business days after receipt by the Trustee of a request therefor, a list in such form as the Servicer or the Paying
Agent may reasonably require, of the names and addresses of the Registered Certificateholders. If any Holder or group of Holders of Investor Certificates of any Series or all outstanding Series, as the case may be, evidencing not less than 10% of
the aggregate unpaid principal amount of such Series or all outstanding Series, as applicable (the “Applicants”), apply to the Trustee, and such application states that the Applicants desire to communicate with other Investor
Certificateholders with respect to their rights under this Agreement or any Supplement or under the Investor Certificates and is accompanied by a copy of the communication which such Applicants propose to transmit, then the Trustee, after having
been adequately indemnified by such Applicants for its costs and expenses, shall afford or shall cause the Transfer Agent and Registrar to afford such Applicants access during normal business hours to the most recent list of Registered
Certificateholders of such Series or all outstanding Series, as applicable, held by the Trustee, within five Business Days after the receipt of such application. Such list shall be as of a date no more than 45 days prior to the date of receipt of
such Applicants’ request. 

  
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 Every Registered Certificateholder, by receiving and holding a Registered Certificate, agrees
with the Trustee that neither the Trustee, the Transfer Agent and Registrar, nor any of their respective agents, shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Registered
Certificateholders hereunder, regardless of the sources from which such information was derived. 
 Section 6.09. Authenticating
Agent. (a) The Trustee may appoint one or more authenticating agents with respect to the Certificates which shall be authorized to act on behalf of the Trustee in authenticating the Certificates in connection with the issuance, delivery,
registration of transfer, exchange or repayment of the Certificates. Whenever reference is made in this Agreement to the authentication of Certificates by the Trustee or the Trustee’s certificate of authentication, such reference shall be
deemed to include authentication on behalf of the Trustee by an authenticating agent and certificate of authentication executed on behalf of the Trustee by an authenticating agent. Each authenticating agent must be acceptable to the Sellers and the
Servicer. The initial authenticating agent shall be Citibank. 
 (b) Any institution succeeding to the corporate agency business of an
authenticating agent shall continue to be an authenticating agent without the execution or filing of any power or any further act on the part of the Trustee or such authenticating agent. An authenticating agent may at any time resign by giving
notice of resignation to the Trustee and to the Sellers. The Trustee may at any time terminate the agency of an authenticating agent by giving notice of termination to such authenticating agent and to the Sellers. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time an authenticating agent shall cease to be acceptable to the Trustee or the Sellers, the Trustee promptly may appoint a successor authenticating agent. Any successor authenticating agent
upon acceptance of its appointment hereunder shall become vested with all the rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an authenticating agent. No successor authenticating agent shall be
appointed unless acceptable to the Trustee and the Sellers. The Sellers agree to pay to each authenticating agent from time to time reasonable compensation for its services under this Section. The provisions of Sections 11.01, 11.02 and 11.03 shall
be applicable to any authenticating agent. 
 (c) Pursuant to an appointment made under this Section, the Certificates may have endorsed
thereon, in lieu of the Trustee’s certificate of authentication, an alternate certificate of authentication in substantially the following form: 

This is one of the Certificates described in the Pooling and Servicing Agreement. 

 

			
	  

	
	  

		 	as Authenticating Agent for the Trustee,
		
	By	 	  

		 	Authorized Officer

  
 57 

 Section 6.10. Book-Entry Certificates. Unless otherwise specified in the related
Supplement for any Series or Class, the Investor Certificates, upon original issuance, shall be issued in the form of one or more typewritten Investor Certificates representing the Book-Entry Certificates, to be delivered to the Clearing Agency, by,
or on behalf of, the Sellers. The Investor Certificates shall initially be registered on the Certificate Register in the name of the Clearing Agency or its nominee, and no Certificate Owner will receive a definitive certificate representing such
Certificate Owner’s interest in the Investor Certificates, except as provided in Section 6.12. Unless and until definitive, fully registered Investor Certificates (“Definitive Certificates”) have been issued to the applicable
Certificate Owners pursuant to Section 6.12 or as otherwise specified in any such Supplement: 
 (a) the provisions of
this Section shall be in full force and effect; 
 (b) the Sellers, the Servicer and the Trustee may deal with the Clearing
Agency and the Clearing Agency Participants for all purposes (including the making of distributions) as the authorized representatives of the respective Certificate Owners; 

(c) to the extent that the provisions of this Section conflict with any other provisions of this Agreement, the provisions of
this Section shall control; and 
 (d) the rights of the respective Certificate Owners shall be exercised only through the
Clearing Agency and the Clearing Agency Participants and shall be limited to those established by law and agreements between such Certificate Owners and the Clearing Agency and/or the Clearing Agency Participants. Pursuant to the Depository
Agreement, unless and until Definitive Certificates are issued pursuant to Section 6.12, the Clearing Agency will make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions of principal and interest
on the related Investor Certificates to such Clearing Agency Participants. 
 For purposes of any provision of this Agreement requiring or
permitting actions with the consent of, or at the direction of, Investor Certificateholders evidencing a specified percentage of the aggregate unpaid principal amount of Investor Certificates, such direction or consent may be given by Certificate
Owners (acting through the Clearing Agency and the Clearing Agency Participants) owning Investor Certificates evidencing the requisite percentage of principal amount of Investor Certificates. 

Section 6.11. Notices to Clearing Agency. Whenever any notice or other communication is required to be given to Investor
Certificateholders of any Series or Class with respect to which Book-Entry Certificates have been issued, unless and until Definitive Certificates shall have been issued to the related Certificate Owners, the Trustee shall give all such notices and
communications to the applicable Clearing Agency. 
 Section 6.12. Definitive Certificates. If Book-Entry Certificates have been
issued with respect to any Series or Class and (a) the Sellers advise the Trustee that the Clearing Agency is no longer willing or able to discharge properly its responsibilities under the Depository Agreement with respect to such Series or
Class and the Trustee or the Sellers are unable to locate a qualified successor, (b) the Sellers, at their option, advise the Trustee that they elect to terminate the book-entry system with respect to such Series or Class through the Clearing
Agency or (c) after the occurrence of a Servicer Default, Certificate Owners of such Series or 

  
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Class evidencing not less than 50% of the aggregate unpaid principal amount of such Series or Class advise the Trustee and the Clearing Agency through the Clearing Agency Participants that the
continuation of a book-entry system with respect to the Investor Certificates of such Series or Class through the Clearing Agency is no longer in the best interests of the Certificate Owners with respect to such Certificates, then the Trustee shall
notify all Certificate Owners of such Certificates, through the Clearing Agency, of the occurrence of any such event and of the availability of Definitive Certificates to Certificate Owners requesting the same. Upon surrender to the Trustee of any
such Certificates by the Clearing Agency, accompanied by registration instructions from the Clearing Agency for registration, the Trustee shall authenticate and deliver such Definitive Certificates. Neither the Sellers nor the Trustee shall be
liable for any delay in delivery of such instructions and may conclusively rely on, and shall be protected in relying on, such instructions. Upon the issuance of such Definitive Certificates all references herein to obligations imposed upon or to be
performed by the Clearing Agency shall be deemed to be imposed upon and performed by the Trustee, to the extent applicable with respect to such Definitive Certificates and the Trustee shall recognize the Holders of such Definitive Certificates as
Investor Certificateholders hereunder. 
 Section 6.13. Global Certificate; Exchange Date. (a) If specified in the related
Supplement for any Series or Class, the Investor Certificates will initially be issued in the form of a single temporary global Certificate (the “Global Certificate”) in registered form, without interest coupons, in the denomination of the
entire aggregate principal amount of such Series or Class and substantially in the form set forth in the exhibit with respect thereto attached to the related Supplement. The Global Certificate will be authenticated by the Trustee upon the same
conditions, in substantially the same manner and with the same effect as the Definitive Certificates. The Global Certificate may be exchanged as described below for Registered Certificates in definitive form (the “Definitive
Euro-Certificates”). 
 (b) The Manager shall, upon its determination of the date of completion of the distribution of the Investor
Certificates of such Series or Class, so advise the Trustee, the Sellers, the Common Depositary, and each Foreign Clearing Agency forthwith. Without unnecessary delay, but in any event not prior to the Exchange Date, the Bank will execute and
deliver to the Trustee at its London office or its designated agent outside the United States the Global Certificate in an aggregate principal amount equal to the entire aggregate principal amount of such Series or Class. The Global Certificate may
be exchanged for an equal aggregate principal amount of Definitive Euro-Certificates only on or after the Exchange Date. A United States institutional investor may exchange the portion of the Global Certificate beneficially owned by it only for an
equal aggregate principal amount of Registered Certificates bearing the applicable legend set forth in the form of Registered Certificate attached to the related Supplement and having a minimum denomination of $500,000, which may be in temporary
form if the Sellers so elect. The Sellers may waive the $500,000 minimum denomination requirement if they so elect. Upon any demand for exchange for Definitive Euro-Certificates in accordance with this paragraph, the Sellers shall cause the Trustee
to authenticate and deliver the Definitive Euro-Certificates to the Holder according to the instructions of the Holder, but only upon presentation to the Trustee of a written statement substantially in the form of Exhibit G-1 with respect to the
Global Certificate or portion thereof being exchanged signed by a Foreign Clearing Agency and dated on the Exchange Date or a subsequent date, to the effect that it has received in writing a certification substantially in the form of (i) in the
case of beneficial ownership 

  
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of the Global Certificate or a portion thereof being exchanged by a United States institutional investor pursuant to the second preceding sentence, the certificate in the form of Exhibit G-2
signed by the Manager which sold the relevant Certificates or (ii) in all other cases, any certificate or other form referred to in this clause (ii) being dated on the earlier of the first actual payment of interest in respect of such
Certificates and the date of the delivery of such Certificate in definitive form. Upon receipt of such certification or other form, the Trustee shall cause the Global Certificate to be endorsed in accordance with paragraph (d) below. Any
exchange as provided in this Section shall be made free of charge to the holders and the beneficial owners of the Global Certificate and to the beneficial owners of the Definitive Euro-Certificates issued in exchange, except that a person receiving
Definitive Euro-Certificates must bear the cost of insurance, postage, transportation and the like in the event that such person does not receive such Definitive Euro-Certificates in person at the offices of a Foreign Clearing Agency. 

(c) The delivery to the Trustee by a Foreign Clearing Agency of any written statement referred to above may be relied upon by the Sellers and
the Trustee as conclusive evidence that a corresponding certification or certifications has or have been delivered to such Foreign Clearing Agency pursuant to the terms of this Agreement. 

(d) Upon any such exchange of all or a portion of the Global Certificate for a Definitive Euro-Certificate or Certificates, such Global
Certificate shall be endorsed by or on behalf of the Trustee to reflect the reduction of its principal amount by an amount equal to the aggregate principal amount of such Definitive Euro-Certificate or Certificates. Until so exchanged in full, such
Global Certificate shall in all respects be entitled to the same benefits under this Agreement as Definitive Euro-Certificates authenticated and delivered hereunder except that the beneficial owners of such Global Certificate shall not be entitled
to receive payments of interest on the Certificates until they have exchanged their beneficial interests in such Global Certificate for Definitive Euro-Certificates. 

Section 6.14. Meetings of Certificateholders. (a) If at the time any Certificates are issued and outstanding with respect to
any Series or Class to which any meeting described below relates, the Servicer or the Trustee may at any time call a meeting of Investor Certificateholders of any Series or Class or of all Series, to be held at such time and at such place as the
Servicer or the Trustee, as the case may be, shall determine, for the purpose of approving a modification of or amendment to, or obtaining a waiver of any covenant or condition set forth in, this Agreement, any Supplement or the Investor
Certificates or of taking any other action permitted to be taken by Investor Certificateholders hereunder or under any Supplement. Notice of any meeting of Investor Certificateholders, setting forth the time and place of such meeting and in general
terms the action proposed to be taken at such meeting, shall be given in accordance with Section 13.05, the first mailing and publication to be not less than 20 nor more than 180 days prior to the date fixed for the meeting. To be entitled to
vote at any meeting of Investor Certificateholders a person shall be (i) a Holder of one or more Investor Certificates of the applicable Series or Class or (ii) a person appointed by an instrument in writing as proxy by the Holder of one
or more such Investor Certificates. The only persons who shall be entitled to be present or to speak at any meeting of Investor Certificateholders shall be the persons entitled to vote at such meeting and their counsel and any representatives of the
Sellers, the Servicer and the Trustee and their respective counsel. 

  
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 (b) At a meeting of Investor Certificateholders, persons entitled to vote Investor Certificates
evidencing a majority of the aggregate unpaid principal amount of the applicable Series or Class or all outstanding Series, as the case may be, shall constitute a quorum. No business shall be transacted in the absence of a quorum, unless a quorum is
present when the meeting is called to order. In the absence of a quorum at any such meeting, the meeting may be adjourned for a period of not less than 10 days; in the absence of a quorum at any such adjourned meeting, such adjourned meeting may be
further adjourned for a period of not less than 10 days; at the reconvening of any meeting further adjourned for lack of a quorum, the persons entitled to vote Investor Certificates evidencing at least 25% of the aggregate unpaid principal amount of
the applicable Series or Class or all outstanding Series, as the case may be, shall constitute a quorum for the taking of any action set forth in the notice of the original meeting. Notice of the reconvening of any adjourned meeting shall be given
as provided above except that such notice must be given not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of an adjourned meeting shall state expressly the percentage of the
aggregate principal amount of the outstanding applicable Investor Certificates which shall constitute a quorum. 
 (c) Any Investor
Certificateholder who has executed an instrument in writing appointing a person as proxy shall be deemed to be present for the purposes of determining a quorum and be deemed to have voted; provided that such Investor Certificateholder shall
be considered as present or voting only with respect to the matters covered by such instrument in writing. Subject to the provisions of Section 13.01, any resolution passed or decision taken at any meeting of Investor Certificateholders duly
held in accordance with this Section shall be binding on all Investor Certificateholders whether or not present or represented at the meeting. 

(d) [RESERVED] 
 (e) The Trustee
shall appoint a temporary chairman of the meeting. A permanent chairman and a permanent secretary of the meeting shall be elected by vote of the holders of Investor Certificates evidencing a majority of the aggregate unpaid principal amount of
Investor Certificates of the applicable Series or Class or all outstanding Series, as the case may be, represented at the meeting. No vote shall be cast or counted at any meeting in respect of any Investor Certificate challenged as not outstanding
and ruled by the chairman of the meeting to be not outstanding. The chairman of the meeting shall have no right to vote except as an Investor Certificateholder or proxy. Any meeting of Investor Certificateholders duly called at which a quorum is
present may be adjourned from time to time, and the meeting may be held as so adjourned without further notice. 

  
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 (f) The vote upon any resolution submitted to any meeting of Investor Certificateholders shall be
by written ballot on which shall be subscribed the signatures of Investor Certificateholders or proxies and on which shall be inscribed the serial number or numbers of the Investor Certificates held or represented by them. The permanent chairman of
the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file with the secretary of the meeting their verified written reports in duplicate of all votes cast
at the meeting. A record in duplicate of the proceedings of each meeting of Investor Certificateholders shall be prepared by the secretary of the meeting and there shall be attached to said record the original reports of the inspectors of votes on
any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and showing that said notice was published as provided above. The record shall be signed and
verified by the permanent chairman and secretary of the meeting and one of the duplicates shall be delivered to the Servicer and the other to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the
meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated. 
 ARTICLE VII 

OTHER MATTERS RELATING TO THE SELLERS 

Section 7.01. Liability of the Sellers. The Sellers (including any Additional Sellers) shall be jointly and severally liable for
all obligations, covenants, representations and warranties of the Sellers arising under or related to this Agreement or any Supplement. Except as provided in the preceding sentence, the Sellers shall be liable only to the extent of the obligations
specifically undertaken by them in their capacities as Sellers. Each other Seller hereby authorizes and empowers Citibank to execute and deliver, on behalf of such Seller, as attorney-in-fact or otherwise, all documents and other instruments
required or permitted to be delivered by such Seller under this Agreement or any Supplement, and to do and accomplish all other acts and things required or permitted to be done or accomplished by such Seller hereunder or thereunder. 

Section 7.02. Merger or Consolidation of, or Assumption of the Obligations of, the Sellers. (a) None of the Sellers shall
consolidate with or merge into any other entity or convey or transfer its properties and assets substantially as an entirety to any Person unless: 

(i)(x) the entity formed by such consolidation or into which such Seller is merged or the Person which acquires by conveyance
or transfer the properties and assets of such Seller substantially as an entirety shall be, if such Seller is not the surviving entity, organized and existing under the laws of the United States of America or any State or the District of Columbia,
and shall be a savings and loan association, a national banking association, a bank or other entity which is not subject to Title 11 of the United States Code and, if such Seller is not the surviving entity, shall expressly assume, by an agreement
supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the performance of every covenant and obligation of such Seller hereunder, including its obligations under Section 7.04; and (y) such Seller
has 

  
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delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such consolidation, merger, conveyance or transfer and such supplemental agreement comply with
this Section, that such supplemental agreement is a valid and binding obligation of such surviving entity enforceable against such surviving entity in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy,
insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect, and that all conditions precedent herein provided for relating to such transaction have been complied with; 

(ii) the Rating Agency Condition shall have been satisfied with respect to such consolidation, merger, conveyance or transfer;
and 
 (iii) the Sellers shall have delivered to the Trustee, each Rating Agency and each Series Enhancer, a Tax Opinion,
dated the date of such consolidation, merger, conveyance or transfer, with respect thereto. 
 (b) The obligations of the Sellers hereunder
shall not be assignable nor shall any Person succeed to the obligations of the Sellers hereunder except in each case in accordance with the provisions of the foregoing paragraph. 

Section 7.03. Limitations on Liability of the Sellers. Subject to Sections 7.01 and 7.04, none of the Sellers nor any of the
directors, officers, employees or agents of any of the Sellers acting in their capacities as Sellers shall be under any liability to the Trust, the Trustee, the Certificateholders, any Series Enhancer or any other Person for any action taken or for
refraining from the taking of any action in good faith in their capacities as Sellers pursuant to this Agreement; provided, however, that this provision shall not protect any Seller or any such person against any liability which would
otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of reckless disregard of obligations and duties hereunder. The Sellers and any director, officer, employee or agent of any
of the Sellers may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person (other than the Sellers) respecting any matters arising hereunder. 

Section 7.04. Liabilities. Notwithstanding Section 7.03 (and notwithstanding Sections 8.03 and 8.04), by entering into this
Agreement, the Sellers agree to be liable, directly to the injured party, for the entire amount of any losses, claims, damages or liabilities (other than those incurred by an Investor Certificateholder in the capacity of an investor in the Investor
Certificates) arising out of or based on the arrangement created by this Agreement and the actions of the Servicer taken pursuant hereto as though this Agreement created a partnership under the New York Uniform Partnership Act in which the Sellers
were general partners. The Sellers agree to pay, indemnify and hold harmless each Investor Certificateholder against and from any and all such losses, claims, damages and liabilities except to the extent that they arise from any action by such
Investor Certificateholder. In the event of a Service Transfer, the Successor Servicer will indemnify and hold harmless the Sellers against and from any losses, claims, damages and liabilities of the Sellers as described in this Section arising from
the actions or omissions of such Successor Servicer. 

  
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 ARTICLE VIII 

OTHER MATTERS RELATING TO THE SERVICER 

Section 8.01. Liability of the Servicer. The Servicer shall be liable under this Article only to the extent of the obligations
specifically undertaken by the Servicer in its capacity as Servicer. 
 Section 8.02. Merger or Consolidation of, or Assumption of
the Obligations of, the Servicer. The Servicer shall not consolidate with or merge into any other entity or convey or transfer its properties and assets substantially as an entirety to any Person, unless: 

(a)(i) the entity formed by such consolidation or into which the Servicer is merged or the Person which acquires by conveyance
or transfer the properties and assets of the Servicer substantially as an entirety shall be, if the Servicer is not the surviving entity, an entity organized and existing under the laws of the United States of America or any State or the District of
Columbia, and shall be a savings and loan association, a national banking association, a bank or other entity which is not subject to Title 11 of the United States Code and, if the Servicer is not the surviving entity, such entity shall expressly
assume, by an agreement supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the performance of every covenant and obligation of the Servicer hereunder; 

(ii) the Servicer has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such
consolidation, merger, conveyance or transfer comply with this Section and that all conditions precedent herein provided for relating to such transaction have been complied with; 

(b) the Rating Agency Condition shall have been satisfied with respect to such assignment and succession; and 

(c) the entity formed by such consolidation or into which the Servicer is merged or the Person which acquires by conveyance or
transfer the properties and assets of the Servicer substantially as an entirety shall be an Eligible Servicer. 
 Section 8.03.
Limitation on Liability of the Servicer and Others. Except as provided in Section 8.04, neither the Servicer nor any of the directors, officers, employees or agents of the Servicer in its capacity as Servicer shall be under any liability
to the Trust, the Trustee, the Certificateholders, any Series Enhancer or any other person for any action taken or for refraining from the taking of any action in good faith in its capacity as Servicer pursuant to this Agreement; provided,
however, that this provision shall not protect the Servicer or any such Person against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of duties or by reason of
reckless disregard of obligations and duties hereunder. The Servicer and any director, officer, employee or agent of the Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person (other
than the Servicer) respecting any matters arising hereunder. The Servicer shall not be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its duties as Servicer in accordance with this Agreement and
which in its reasonable 

  
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judgment may involve it in any expense or liability. The Servicer may, in its sole discretion, undertake any such legal action which it may deem necessary or desirable for the benefit of the
Certificateholders with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Certificateholders hereunder. 

Section 8.04. Servicer Indemnification of the Trust and the Trustee. The Servicer shall indemnify and hold harmless the Trust and
the Trustee from and against any loss, liability, expense, damage or injury suffered or sustained by reason of any acts or omissions of the Servicer with respect to the Trust pursuant to this Agreement, including any judgment, award, settlement,
reasonable attorneys’ fees and other costs or expenses incurred in connection with the defense of any action, proceeding or claim. Indemnification pursuant to this Section shall not be payable from the Trust Assets. 

Section 8.05. The Servicer Not To Resign. The Servicer shall not resign from the obligations and duties hereby imposed on it
except (a) upon determination that (i) the performance of its duties hereunder is no longer permissible under applicable law and (ii) there is no reasonable action which the Servicer could take to make the performance of its duties
hereunder permissible under applicable law or (b) upon the assumption, by an agreement supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, of the obligations and duties of the Servicer hereunder by
any of its Affiliates that is a direct or indirect wholly owned subsidiary of Citigroup Inc. and that qualifies as an Eligible Servicer. Any determination permitting the resignation of the Servicer shall be evidenced as to clause (a) above by
an Opinion of Counsel to such effect delivered to the Trustee. No resignation shall become effective until the Trustee or a Successor Servicer shall have assumed the responsibilities and obligations of the Servicer in accordance with
Section 10.02 hereof. If within 120 days of the date of the determination that the Servicer may no longer act as Servicer under clause (a) above the Trustee is unable to appoint a Successor Servicer, the Trustee shall serve as Successor
Servicer. Notwithstanding the foregoing, the Trustee shall, if it is legally unable so to act, petition a court of competent jurisdiction to appoint any established institution having a net worth of not less than $100,000,000 and whose regular
business includes the servicing of “VISA,” “MasterCard” and “American Express” credit card accounts as the Successor Servicer hereunder. The Trustee shall give prompt notice to each Rating Agency and each Series
Enhancer upon the appointment of a Successor Servicer. 
 Section 8.06. Access to Certain Documentation and Information Regarding
the Receivables. The Servicer shall provide to the Trustee access to the documentation regarding the Accounts and the Receivables in such cases where the Trustee is required in connection with the enforcement of the rights of Certificateholders
or by applicable statutes or regulations to review such documentation, such access being afforded without charge but only (a) upon reasonable request, (b) during normal business hours, (c) subject to the Servicer’s normal
security and confidentiality procedures and (d) at reasonably accessible offices in the continental United States designated by the Servicer. Nothing in this Section shall derogate from the obligation of the Sellers, the Trustee and the
Servicer to observe any applicable law prohibiting disclosure of information regarding the Obligors and the failure of the Servicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this
Section. 
 Section 8.07. Delegation of Duties. In the ordinary course of business, the Servicer may at any time delegate its
duties hereunder with respect to the Accounts and the Receivables to any of its Affiliates that agrees to conduct such duties in accordance with the Credit Card Guidelines 

  
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and this Agreement. Such delegation shall not relieve the Servicer of its liability and responsibility with respect to such duties, and shall not constitute a resignation within the meaning of
Section 8.05. 
 Section 8.08. Examination of Records. The Sellers and the Servicer shall indicate generally in their
computer files or other records that the Receivables arising in the Accounts have been conveyed to the Trustee, on behalf of the Trust, pursuant to this Agreement for the benefit of the Certificateholders. The Sellers and the Servicer shall, prior
to the sale or transfer to a third party of any receivable held in its custody, examine its computer and other records to determine that such receivable is not a Receivable. 

ARTICLE IX 
 AMORTIZATION EVENTS

 Section 9.01. Amortization Events. If any one of the following events shall occur: 

(a) failure on the part of the Sellers (i) to make any payment or deposit required by the terms of this Agreement or any
Supplement on or before the date occurring five Business Days after the date such payment or deposit is required to be made, or (ii) duly to observe or perform any other covenants or agreements of the Sellers set forth in this Agreement or any
Supplement, which failure has a material adverse effect on the Investor Certificateholders of any Series and which continues unremedied for a period of 60 days after the date on which notice of such failure, requiring the same to be remedied, shall
have been given to the Sellers by the Trustee, or to the Sellers and the Trustee by an Investor Certificateholder; 
 (b) any
representation or warranty made by the Sellers in this Agreement or any Supplement or any information to identify the Accounts required to be delivered by the Sellers pursuant to Section 2.01 or 2.09 (i) shall prove to have been incorrect
in any material respect when made or when delivered, which continues to be incorrect in any material respect for a period of 60 days after the date on which notice of such failure, requiring the same to be remedied, shall have been given to the
Sellers by the Trustee, or to the Sellers and the Trustee by an Investor Certificateholder, and (ii) as a result of such incorrectness the interests of the Investor Certificateholders of any Series are materially and adversely affected;
provided, however, that an Amortization Event shall not be deemed to have occurred under this paragraph if the Sellers have repurchased the related Receivables or all such Receivables, if applicable, during such period in accordance
with the provisions of this Agreement; 
 (c) any of the Sellers shall consent to the appointment of a conservator, receiver
or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to such Seller or of or relating to all or substantially all its property, or a decree or order of a court or agency
or supervisory authority having jurisdiction in the premises for the appointment of a conservator, receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or
liquidation of its affairs, shall have been entered against such Seller; or any of the Sellers shall admit in writing its inability to pay its debts 

  
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generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend
payment of its obligations (any such act or occurrence being an “Insolvency Event”); 
 (d) the Trust shall become
an “investment company” within the meaning of the Investment Company Act; 
 (e) a failure by the Sellers to convey
Receivables in Additional Accounts or Participation Interests to the Trust within five Business Days after the day on which they are required to convey such Receivables or Participation Interests pursuant to Section 2.09(a); 

(f) a Servicer Default shall occur; or 

(g) a Transfer Restriction Event shall occur; 

then, in the case of any event described in paragraph (a), (b) or (f), either the Trustee or the Holders of Investor Certificates evidencing more than
50% of the aggregate unpaid principal amount of any Series of Investor Certificates to which such event relates by notice then given to the Sellers and the Servicer (and to the Trustee if given by the Investor Certificateholders) may declare that an
amortization event (an “Amortization Event”) has occurred with respect to such Series as of the date of such notice, and, in the case of any event described in paragraph (c), (d), (e) or (g), subject to applicable law, an Amortization
Event shall occur with respect to all outstanding Series without any notice or other action on the part of the Trustee or the Certificateholders immediately upon the occurrence of such event. 

Section 9.02. Additional Rights upon the Occurrence of Certain Events. (a) If an Insolvency Event occurs with respect to any
of the Sellers or any of the Sellers violates Section 2.07(c) for any reason, the Sellers shall on the day any such Insolvency Event or violation occurs (the “Appointment Date”), immediately cease to transfer Principal Receivables to
the Trust and shall promptly give notice to the Trustee thereof. Notwithstanding any cessation of the transfer to the Trust of additional Principal Receivables, Principal Receivables transferred to the Trust prior to the occurrence of such
Insolvency Event and Collections in respect of such Principal Receivables and Finance Charge Receivables whenever created, accrued in respect of such Principal Receivables, shall continue to be a part of the Trust. Within 15 days of the Appointment
Date, the Trustee shall (i) publish a notice in an Authorized Newspaper that an Insolvency Event or violation has occurred and that the Trustee intends to sell, dispose of or otherwise liquidate the Receivables on commercially reasonable terms
and in a commercially reasonable manner and (ii) give notice to Investor Certificateholders describing the provisions of this Section and requesting instructions from such Holders. Unless the Trustee shall have received instructions within 90
days from the date notice pursuant to clause (i) above is first published from (x) Holders of Investor Certificates evidencing more than 50% of the aggregate unpaid principal amount of each Series or, with respect to any Series with two or
more Classes, of each Class, to the effect that such Investor Certificateholders disapprove of the liquidation of the Receivables and wish to continue having Principal Receivables transferred to the Trust as before such Insolvency Event or
violation, and (y) each of the Sellers (other than the Seller that is the subject of such Insolvency Event or violation), including any Additional Seller, any holder of a Supplemental Certificate and any permitted assignee or successor under
Section 7.02, to 

  
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such effect, the Trustee shall promptly sell, dispose of or otherwise liquidate the Receivables in a commercially reasonable manner and on commercially reasonable terms, which shall include the
solicitation of competitive bids. The Trustee may obtain a prior determination from any such conservator, receiver or liquidator that the terms and manner of any proposed sale, disposition or liquidation are commercially reasonable. The provisions
of Sections 9.01 and 9.02 shall not be deemed to be mutually exclusive. 
 (b) The proceeds from the sale, disposition or liquidation of the
Receivables pursuant to paragraph (a) (“Insolvency Proceeds”) shall be immediately deposited in the Collection Account. The Trustee shall determine conclusively the amount of the Insolvency Proceeds which are deemed to be Finance
Charge Receivables and Principal Receivables. The Insolvency Proceeds shall be allocated and distributed to Investor Certificateholders in accordance with Article IV and the terms of each Supplement and the Trust shall terminate immediately
thereafter. 
 ARTICLE X 

SERVICER DEFAULTS 

Section 10.01. Servicer Defaults. If any one of the following events (a “Servicer Default”) shall occur and be
continuing: 
 (a) any failure by the Servicer to make any payment, transfer or deposit or to give instructions or to give
notice to the Trustee to make such payment, transfer or deposit on or before the date occurring five Business Days after the date such payment, transfer or deposit or such instruction or notice is required to be made or given, as the case may be,
under the terms of this Agreement or any Supplement; 
 (b) failure on the part of the Servicer duly to observe or perform in
any material respect any other covenants or agreements of the Servicer set forth in this Agreement or any Supplement which has a material adverse effect on the Investor Certificateholders of any Series (which determination shall be made without
regard to whether funds are then available pursuant to any Series Enhancement) and which continues unremedied for a period of 60 days after the date on which notice of such failure, requiring the same to be remedied, shall have been given to the
Servicer by the Trustee, or to the Servicer and the Trustee by Holders of Investor Certificates evidencing not less than 10% of the aggregate unpaid principal amount of all Investor Certificates (or, with respect to any such failure that does not
relate to all Series, 10% of the aggregate unpaid principal amount of all Series to which such failure relates); or the Servicer shall assign or delegate its duties under this Agreement, except as permitted by Sections 8.02 and 8.07; 

(c) any representation, warranty or certification made by the Servicer in this Agreement or any Supplement or in any
certificate delivered pursuant to this Agreement or any Supplement shall prove to have been incorrect when made, which has a material adverse effect on the rights of the Investor Certificateholders of any Series (which determination shall be made
without regard to whether funds are then available pursuant to any Series Enhancement) and which material adverse effect continues for a period of 60 days after the date on which notice thereof, requiring the same to be remedied, shall have been
given to the Servicer by the Trustee, or to the Servicer and the Trustee by the 

  
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Holders of Investor Certificates evidencing not less than 10% of the aggregate unpaid principal amount of all Investor Certificates (or, with respect to any such representation, warranty or
certification that does not relate to all Series, 10% of the aggregate unpaid principal amount of all Series to which such representation, warranty or certification relates); or 

(d) the Servicer shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of
debt, marshalling of assets and liabilities or similar proceedings of or relating to the Servicer or of or relating to all or substantially all its property, or a decree or order of a court or agency or supervisory authority having jurisdiction in
the premises for the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or the winding-up or liquidation of its affairs, shall have been
entered against the Servicer and such decree or order shall have remained in force undischarged or unstayed for a period of 60 days; or the Servicer shall admit in writing its inability to pay its debts generally as they become due, file a petition
to take advantage of any applicable insolvency or reorganization statute, make any assignment for the benefit of its creditors or voluntarily suspend payment of its obligations; 

then, in the event of any Servicer Default, so long as the Servicer Default shall not have been remedied, either the Trustee, or the Holders of Investor
Certificates evidencing more than 50% of the aggregate unpaid principal amount of all Investor Certificates, by notice then given to the Servicer (and to the Trustee and any Series Enhancement if given by the Investor Certificateholders) (a
“Termination Notice”), may terminate all but not less than all the rights and obligations of the Servicer as Servicer under this Agreement and in and to the Receivables and the proceeds thereof; provided, however, if within
60 days of receipt of a Termination Notice the Trustee does not receive any bids from Eligible Servicers in accordance with Section 10.02(c) to act as a Successor Servicer and receives an Officer’s Certificate of the Sellers to the effect
that the Servicer cannot in good faith cure the Servicer Default which gave rise to the Termination Notice, the Trustee shall grant a right of first refusal to the Sellers which would permit the Sellers at their option to purchase the
Certificateholders’ Interest on the Distribution Date in the next calendar month. The purchase price for the Certificateholders’ Interest shall be equal to the sum of the amounts specified therefor with respect to each outstanding Series
in the related Supplement. The Sellers shall notify the Trustee prior to the Record Date for the Distribution Date of the purchase if they are exercising such right of first refusal. If they exercise such right of first refusal, the Sellers shall
(x) deliver to the Trustee an Opinion of Counsel (which must be an independent outside counsel) to the effect that, in reliance on certain certificates to the effect that the Receivables constitute fair value for consideration paid therefor and
as to the solvency of the Sellers, the purchase would not be considered a fraudulent conveyance and (y) deposit the purchase price into the Collection Account not later than 12:00 noon, New York City time, on such Distribution Date in
immediately available funds. The purchase price shall be allocated and distributed to Investor Certificateholders in accordance with Article IV and the terms of each Supplement. 

After receipt by the Servicer of a Termination Notice, and on the date that a Successor Servicer is appointed by the Trustee pursuant to
Section 10.02, all authority and power of the Servicer under this Agreement shall pass to and be vested in the Successor Servicer (a “Service Transfer”); and, without limitation, the Trustee is hereby authorized and empowered (upon
the failure of the Servicer to cooperate) to execute and deliver, on behalf of the Servicer, as attorney-in-fact 

  
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or otherwise, all documents and other instruments upon the failure of the Servicer to execute or deliver such documents or instruments, and to do and accomplish all other acts or things necessary
or appropriate to effect the purposes of such Service Transfer. The Servicer agrees to cooperate with the Trustee and such Successor Servicer in effecting the termination of the responsibilities and rights of the Servicer to conduct servicing
hereunder, including the transfer to such Successor Servicer of all authority of the Servicer to service the Receivables provided for under this Agreement, including all authority over all Collections which shall on the date of transfer be held by
the Servicer for deposit, or which have been deposited by the Servicer, in the Collection Account, or which shall thereafter be received with respect to the Receivables, and in assisting the Successor Servicer. The Servicer shall within 20 Business
Days transfer its electronic records relating to the Receivables to the Successor Servicer in such electronic form as the Successor Servicer may reasonably request and shall promptly transfer to the Successor Servicer all other records,
correspondence and documents necessary for the continued servicing of the Receivables in the manner and at such times as the Successor Servicer shall reasonably request. To the extent that compliance with this Section shall require the Servicer to
disclose to the Successor Servicer information of any kind which the Servicer reasonably deems to be confidential, the Successor Servicer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall
deem necessary to protect its interest. 
 Notwithstanding the foregoing, a delay in or failure of performance referred to in paragraph
(a) above for a period of 10 Business Days after the applicable grace period or under paragraph (b) or (c) above for a period of 60 Business Days after the applicable grace period, shall not constitute a Servicer Default if such delay
or failure could not be prevented by the exercise of reasonable diligence by the Servicer and such delay or failure was caused by an act of God or the public enemy, acts of declared or undeclared war (including acts of terrorism), public disorder,
rebellion or sabotage, epidemics, landslides, lightning, fire, hurricanes, earthquakes, floods or similar causes. The preceding sentence shall not relieve the Servicer from using its best efforts to perform its obligations in a timely manner in
accordance with the terms of this Agreement and the Servicer shall provide the Trustee, the Sellers, any Series Enhancer and the Investor Certificateholders with an Officer’s Certificate giving prompt notice of such failure or delay by it,
together with a description of its efforts so to perform its obligations. 
 Section 10.02. Trustee To Act; Appointment of
Successor. (a) On and after the receipt by the Servicer of a Termination Notice pursuant to Section 10.01, the Servicer shall continue to perform all servicing functions under this Agreement until the date specified in the Termination
Notice or otherwise specified by the Trustee or until a date mutually agreed upon by the Servicer and Trustee. The Trustee shall as promptly as possible after the giving of a Termination Notice appoint an Eligible Servicer as a successor servicer
(the “Successor Servicer”), and such Successor Servicer shall accept its appointment by a written assumption in a form acceptable to the Trustee. In the event that a Successor Servicer has not been appointed or has not accepted its
appointment at the time when the Servicer ceases to act as Servicer, the Trustee without further action shall automatically be appointed the Successor Servicer. The Trustee may delegate any of its servicing obligations to an Affiliate or agent in
accordance with Section 3.01(b) and 8.07. Notwithstanding the foregoing, the Trustee shall, if it is legally unable so to act, petition a court of competent jurisdiction to appoint any established institution having a net worth of not less than
$100,000,000 and whose regular business includes the servicing of “VISA,” “MasterCard” and “American Express” credit card receivables as the Successor Servicer hereunder. The Trustee shall give prompt notice to each
Rating Agency and each Series Enhancer upon the appointment of a Successor Servicer. 

  
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 (b) Upon its appointment, the Successor Servicer shall be the successor in all respects to the
Servicer with respect to servicing functions under this Agreement and shall be subject to all the responsibilities, duties and liabilities relating thereto placed on the Servicer by the terms and provisions hereof, and all references in this
Agreement to the Servicer shall be deemed to refer to the Successor Servicer. 
 Notwithstanding the foregoing, any provision of this
Agreement which requires the Servicer to make a deposit into the Collection Account not later than 12:00 noon, New York City time, on a Distribution Date shall be deemed to require a Successor Servicer to make such deposit into the Collection
Account on the Transfer Date immediately preceding such Distribution Date. 
 (c) In connection with any Termination Notice, the Trustee
will review any bids which it obtains from Eligible Servicers and shall be permitted to appoint any Eligible Servicer submitting such a bid as a Successor Servicer for servicing compensation not in excess of the aggregate Servicing Fees for all
Series plus any amounts payable to the Sellers or the Servicer pursuant to the terms of any Enhancement Agreement; provided, however, that the Sellers shall be responsible for payment of the Sellers’ portion of such aggregate
Servicing Fees and all other amounts in excess of such aggregate Servicing Fees and that no such monthly compensation paid out of Collections shall be in excess of such aggregate Servicing Fees. Citibank, as holder of the Sellers’ Certificate,
agrees that, if Citibank (or any Successor Servicer) is terminated as Servicer hereunder, the portion of the Collections in respect of Finance Charge Receivables that the Seller is entitled to receive pursuant to this Agreement or any Supplement
shall be reduced by an amount sufficient to pay the Seller’s share of the compensation of the Successor Servicer. 
 (d) All authority
and power granted to the Successor Servicer under this Agreement shall automatically cease and terminate upon termination of the Trust pursuant to Section 12.01, and shall pass to and be vested in the Sellers and, without limitation, the
Sellers are hereby authorized and empowered to execute and deliver, on behalf of the Successor Servicer, as attorney-in-fact or otherwise, all documents and other instruments, and to do and accomplish all other acts or things necessary or
appropriate to effect the purposes of such transfer of servicing rights. The Successor Servicer agrees to cooperate with the Sellers in effecting the termination of the responsibilities and rights of the Successor Servicer to conduct servicing of
the Receivables. The Successor Servicer shall transfer its electronic records relating to the Receivables to Citibank or its designee in such electronic form as it may reasonably request and shall transfer all other records, correspondence and
documents to it in the manner and at such times as it shall reasonably request. To the extent that compliance with this Section shall require the Successor Servicer to disclose to Citibank information of any kind which the Successor Servicer deems
to be confidential, Citibank shall be required to enter into such customary licensing and confidentiality agreements as the Successor Servicer shall deem necessary to protect its interests. 

Section 10.03. Notification to Certificateholders. Within two Business Days after the Servicer becomes aware of any Servicer
Default, the Servicer shall give notice thereof to the Trustee, each Rating Agency and each Series Enhancer and the Trustee shall give notice to the Investor Certificateholders. Upon any termination or appointment of a Successor Servicer pursuant to
this Article, the Trustee shall give prompt notice thereof to the Investor Certificateholders. 

  
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 ARTICLE XI 

THE TRUSTEE 
 Section 11.01.
Duties of Trustee. (a) The Trustee, prior to the occurrence of a Servicer Default of which it has actual knowledge and after the curing of all Servicer Defaults which may have occurred, undertakes to perform such duties and only such
duties as are specifically set forth in this Agreement. If a Servicer Default to the actual knowledge of the Trustee has occurred (which has not been cured or waived), the Trustee shall exercise such of the rights and powers vested in it by this
Agreement and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under the circumstances in the conduct of his own affairs. 

(b) The Trustee, upon receipt of all resolutions, certificates, statements, opinions, reports, documents, orders or other instruments
furnished to the Trustee which are specifically required to be furnished pursuant to any provision of this Agreement, shall examine them to determine whether they substantially conform to the requirements of this Agreement. The Trustee shall give
prompt notice to the Investor Certificateholders of any material lack of conformity of any such instrument to the applicable requirements of this Agreement discovered by the Trustee which would entitle a specified percentage of Investor
Certificateholders to take any action pursuant to this Agreement. 
 (c) Subject to paragraph (a), no provision of this Agreement shall be
construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act or its own willful misconduct; provided, however, that: 

(i) the Trustee shall not be personally liable for an error of judgment made in good faith by a Responsible Officer or
Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

(ii) the Trustee shall not be personally liable with respect to any action taken, suffered or omitted to be taken by it in good
faith in accordance with the direction of the Holders of Investor Certificates evidencing more than 50% of the aggregate unpaid principal amount of all Investor Certificates (or, with respect to any such action that does not relate to all Series,
50% of the aggregate unpaid principal amount of the Investor Certificates of all Series to which such action relates) relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any
trust or power conferred upon the Trustee, under this Agreement; and 
 (iii) the Trustee shall not be charged with
knowledge of any failure by the Servicer to comply with the obligations of the Servicer referred to in Section 10.01(a) or (b) unless a Responsible Officer of the Trustee obtains actual knowledge of such failure or the Trustee receives
notice of such failure from the Servicer or any Holders of Investor Certificates evidencing not less than 10% of the aggregate unpaid principal amount of all Investor Certificates (or, with respect to any such failure that does not relate to all
Series, 10% of the aggregate unpaid principal amount of the Investor Certificates of all Series to which such failure relates). 

  
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 (d) The Trustee shall not be required to expend or risk its own funds or otherwise incur
financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or adequate indemnity against such risk or
liability is not reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require the Trustee to perform, or be responsible for the manner of performance of, any obligations of the Servicer under this
Agreement except during such time, if any, as the Trustee shall be the successor to, and be vested with the rights, duties, powers and privileges of, the Servicer in accordance with the terms of this Agreement. 

(e) Except for actions expressly authorized by this Agreement, the Trustee shall take no actions reasonably likely to impair the interests of
the Trust in any Receivable now existing or hereafter created or to impair the value of any Receivable now existing or hereafter created. 

(f) Except as expressly provided in this Agreement, the Trustee shall have no power to vary the corpus of the Trust including by
(i) accepting any substitute obligation for a Receivable initially assigned to the Trust under Section 2.01 or 2.09, (ii) adding any other investment, obligation or security to the Trust or (iii) withdrawing from the Trust any
Receivables. 
 (g) In the event that the Paying Agent or the Transfer Agent and Registrar shall fail to perform any obligation, duty or
agreement in the manner or on the day required to be performed by the Paying Agent or the Transfer Agent and Registrar, as the case may be, under this Agreement, the Trustee shall be obligated promptly upon its knowledge thereof to perform such
obligation, duty or agreement in the manner so required. 
 (h) If any of the Sellers has agreed to transfer any of its credit card
receivables (other than the Receivables) to another Person, then upon the request of such Seller, the Trustee will enter into such intercreditor agreements (which shall be in form and substance satisfactory to the Trustee) with the transferee of
such receivables as are customary and necessary to separately identify the rights of the Trust and such other Person in such Seller’s credit card receivables; provided, however, that the Trustee shall not be required to enter into
any intercreditor agreement which could adversely affect the interests of the Investor Certificateholders or the Trustee and, upon the request of the Trustee, such Seller will deliver an Opinion of Counsel on any matters reasonably requested by the
Trustee relating to such intercreditor agreement. The Servicer will give the Rating Agencies notice thereof five Business Days prior to the Trustee entering into any such intercreditor agreement. 

Section 11.02. Certain Matters Affecting the Trustee. Except as otherwise provided in Section 11.01: 

(a) the Trustee may rely on and shall be protected in acting on, or in refraining from acting in accord with, any resolution,
certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, approval, bond or other paper or document believed by it to be genuine and to have been signed or presented to it pursuant to this Agreement by the
proper party or parties; 

  
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 (b) the Trustee may consult with counsel and any Opinion of Counsel shall be full
and complete authorization and protection in respect of any action taken or suffered or omitted by it hereunder in good faith and in accordance with such Opinion of Counsel; 

(c) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Agreement, or to
institute, conduct or defend any litigation hereunder or in relation hereto, or institute or conduct any proceeding (including, but without limitation, any arbitration or mediation provided for under Section 2.10) at the request, order or
direction of any of the Certificateholders, pursuant to the provisions of this Agreement, unless such Certificateholders (in all cases other than those specified in Section 14.02) or the Servicer (in cases specified in Section 14.02) shall
have offered to the Trustee reasonable security or indemnity against the costs, expenses and liabilities which may be incurred therein or thereby; provided, however, that nothing contained herein shall relieve the Trustee of the
obligations, upon the occurrence of a Servicer Default (which has not been cured or waived), to exercise such of the rights and powers vested in it by this Agreement, and to use the same degree of care and skill in their exercise as a prudent man
would exercise or use under the circumstances in the conduct of his own affairs; 
 (d) the Trustee shall not be personally
liable for any action taken, suffered or omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Agreement; 

(e) the Trustee shall not be bound to make any investigation into the facts of matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, consent, order, appraisal, approval, bond or other paper or document believed by it to be genuine, unless requested so to do by Holders of Investor Certificates evidencing more than 25% of the
aggregate unpaid principal amount of all Investor Certificates (or, with respect to any such matters that do not relate to all Series, 25% of the aggregate unpaid principal amount of the Investor Certificates of all Series to which such matters
relate); 
 (f) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly
or by or through agents or attorneys or a custodian, and the Trustee shall not be responsible for any misconduct or negligence on the part of any such agent, attorney or custodian appointed with due care by it hereunder; and 

(g) except as may be required by Section 11.01(a), the Trustee shall not be required to make any initial or periodic
examination of any documents or records related to the Receivables or the Accounts for the purpose of establishing the presence or absence of defects, the compliance by the Sellers with their representations and warranties or for any other purpose.

 Section 11.03. Trustee Not Liable for Recitals in Certificates. The Trustee assumes no responsibility for the correctness of
the recitals contained herein and in the Certificates (other than the certificate of authentication on the Certificates). Except as set forth in Section 11.15, the Trustee makes no representations as to the validity or sufficiency of this
Agreement or any Supplement or of the Certificates (other than the certificate of authentication on the Certificates) or of any Receivable or related document. The Trustee shall not be accountable for the use or

  
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application by the Sellers of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Sellers in respect of the Receivables or
deposited in or withdrawn from the Collection Account, any Series Accounts or any other accounts hereafter established to effectuate the transactions contemplated by this Agreement and in accordance with the terms of this Agreement. 

Section 11.04. Trustee May Own Certificates. The Trustee in its individual or any other capacity may become the owner or pledgee
of Investor Certificates with the same rights as it would have if it were not the Trustee. 
 Section 11.05. The Servicer To Pay
Trustee’s Fees and Expenses. The Servicer covenants and agrees to pay to the Trustee from time to time, and the Trustee shall be entitled to receive, reasonable compensation (which shall not be limited by any provision of law in regard to
the compensation of a trustee of an express trust) for all services rendered by it in the execution of the trust hereby created and in the exercise and performance of any of the powers and duties hereunder of the Trustee, and the Servicer will pay
or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any of the provisions of this Agreement or any Enhancement Agreement (including the reasonable fees
and expenses of its agents, any co-trustee and counsel) except any such expense, disbursement or advance as may arise from its negligence or bad faith and except as provided in the following sentence. If the Trustee is appointed Successor Servicer
pursuant to Section 10.02, the provision of this Section shall not apply to expenses, disbursements and advances made or incurred by the Trustee in its capacity as Successor Servicer, which shall be paid out of the Servicing Fee. The
Servicer’s covenant to pay the expenses, disbursements and advances provided for in this Section shall survive the termination of this Agreement. 

Section 11.06. Eligibility Requirements for Trustee. The Trustee hereunder shall at all times be a corporation organized and doing
business under the laws of the United States or any State thereof authorized under such laws to exercise corporate trust powers, have a combined capital and surplus of at least $50,000,000, be subject to supervision or examination by Federal or
State authority and maintain any credit or deposit rating required by any Rating Agency. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining
authority, then, for the purpose of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. In case at any time the
Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign immediately in the manner and with the effect specified in Section 11.07. 

Section 11.07. Resignation or Removal of Trustee. (a) The Trustee may at any time resign and be discharged from the trust
hereby created by giving notice thereof to the Sellers and the Servicer. Upon receiving such notice of resignation, the Sellers shall promptly appoint a successor trustee by written instrument, in duplicate, one copy of which instrument shall be
delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Trustee may
petition any court of competent jurisdiction for the appointment of a successor trustee. 
 (b) If at any time the Trustee shall cease to be
eligible in accordance with the provisions of Section 11.06 and shall fail to resign after request therefor by the Servicer, or if at any time 

  
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the Trustee shall be legally unable to act, or shall be adjudged a bankrupt or insolvent, or if a receiver of the Trustee or of its property shall be appointed, or any public officer shall take
charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, then the Servicer may remove the Trustee and promptly appoint a successor trustee by written instrument, in duplicate, one
copy of which instrument shall be delivered to the Trustee so removed and one copy to the successor trustee. 
 (c) Any resignation or
removal of the Trustee and appointment of successor trustee pursuant to any of the provisions of this Section shall not become effective until acceptance of appointment by the successor trustee as provided in Section 11.08. 

Section 11.08. Successor Trustee. (a) Any successor trustee appointed as provided in Section 11.07 shall execute,
acknowledge and deliver to the Sellers, to the Servicer and to its predecessor Trustee an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor Trustee shall become effective and such successor
trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as Trustee herein. The predecessor Trustee
shall deliver, at the expense of the Servicer, to the successor trustee all documents or copies thereof and statements held by it hereunder; and the Sellers and the predecessor Trustee shall execute and deliver such instruments and do such other
things as may reasonably be required for fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties and obligations. 

(b) No successor trustee shall accept appointment as provided in this Section unless at the time of such acceptance such successor trustee
shall be eligible under the provisions of Section 11.06. 
 (c) Upon acceptance of appointment by a successor trustee as provided in
this Section, such successor trustee shall provide notice of such succession hereunder to all Investor Certificateholders and the Servicer shall provide such notice to each Rating Agency and each Series Enhancer. 

Section 11.09. Merger or Consolidation of Trustee. Any Person into which the Trustee may be merged or converted or with which it
may be consolidated, or any Person resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any Person succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, provided such corporation shall be eligible under the provisions of Section 11.06, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to
the contrary notwithstanding. 
 Section 11.10. Appointment of Co-Trustee or Separate Trustee. (a) Notwithstanding any
other provisions of this Agreement, at any time, for the purpose of meeting any legal requirements of any jurisdiction in which any part of the Trust may at the time be located, the Trustee shall have the power and may execute and deliver all
instruments to appoint one or more persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of the Trust, and to vest in such Person or Persons, in such capacity and for the benefit of the
Certificateholders, such title to the Trust, or any part thereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Trustee may consider necessary or desirable. No co-trustee or separate
trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 11.06 and no notice to Certificateholders of the appointment of any co-trustee or separate trustee shall be required under
Section 11.08. 

  
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 (b) Every separate trustee and co-trustee shall, to the extent permitted by law, be appointed and
act subject to the following provisions and conditions: 
 (i) all rights, powers, duties and obligations conferred or
imposed upon the Trustee shall be conferred or imposed upon and exercised or performed by the Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or co-trustee is not authorized to act separately
without the Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed (whether as Trustee hereunder or as Successor Servicer), the Trustee shall be incompetent
or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust or any portion thereof in any such jurisdiction) shall be exercised and performed singly by such
separate trustee or co-trustee, but solely at the direction of the Trustee; 
 (ii) no trustee hereunder shall be personally
liable by reason of any act or omission of any other trustee hereunder; and 
 (iii) the Trustee may at any time accept the
resignation of or remove any separate trustee or co-trustee. 
 (c) Any notice, request or other writing given to the Trustee shall be
deemed to have been given to each of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Agreement and the conditions of this
Article. Each separate trustee and co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Trustee or separately, as may be provided
therein, subject to all the provisions of this Agreement, specifically including every provision of this Agreement relating to the conduct of, affecting the liability of, or affording protection to, the Trustee. Every such instrument shall be filed
with the Trustee and a copy thereof given to the Servicer. 
 (d) Any separate trustee or co-trustee may at any time constitute the Trustee,
its agent or attorney-in-fact with full power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Agreement on its behalf and in its name. If any separate trustee or co-trustee shall die, become
incapable of acting, resign or be removed, all its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. 

Section 11.11. Tax Returns. (a) In the event the Trust shall be required to file tax returns, the Servicer shall prepare or
shall cause to be prepared such tax returns and shall provide such tax returns to the Trustee for signature at least five days before such tax returns are due to be filed. The Servicer, in accordance with the terms of each Supplement, shall also
prepare or shall cause to be prepared all tax information required by law to be distributed to Investor Certificateholders and shall deliver such information to the Trustee at least five days prior to the date it is required by law to be distributed
to Investor Certificateholders. The Trustee, upon request, will furnish the Servicer with all such information known to the Trustee as may be reasonably required in connection with the preparation of all tax returns of the Trust, and shall, upon
request, execute such returns. 

  
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 (b) In the event that the Trust is classified as a partnership for federal income tax purposes,
beginning with each taxable year after December 31, 2017, or if later, the date that Sections 6221 through 6241 of the Code apply to the Trust, the Seller (or an Affiliate of the Seller if the Seller that is a U.S. person is ineligible) is
hereby designated as the partnership representative under Section 6223(a) of the Code to the extent allowed under the law, and the Seller agrees to cause the Trust to make such elections and take such other actions as may be required of it by
this Section 11.11(b). The Trust shall, to the extent eligible, make the election under Section 6221(b) of the Code with respect to determinations of adjustments at the partnership level and take any other action such as filings,
disclosures and notifications necessary to effectuate such election. If the election described in the preceding sentence is not available, the Trust shall, to the extent eligible, make the election under Section 6226(a) of the Code with respect
to the alternative to payment of imputed underpayments by a partnership and take any other action such as filings, disclosures and notifications necessary to effectuate such election. Notwithstanding the foregoing, each of the Trust, the Seller and
the Servicer are authorized, in its sole discretion, to make any available election related to Sections 6221 through 6241 of the Code and take any action it deems necessary or appropriate to comply with the requirements of the Code and conduct the
Trust’s affairs under Sections 6221 through 6241 of the Code. 
 Section 11.12. Trustee May Enforce Claims Without Possession
of Certificates. All rights of action and claims under this Agreement or the Certificates may be prosecuted and enforced by the Trustee without the possession of any of the Certificates or the production thereof in any proceeding relating
thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee. Any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the
Trustee, its agents and counsel, be for the ratable benefit of the Certificateholders in respect of which such judgment has been obtained. 

Section 11.13. Suits for Enforcement. (a) If a Servicer Default shall occur and be continuing, the Trustee, in its discretion
may, subject to the provisions of Sections 11.01 and 11.14, proceed to protect and enforce its rights and the rights of the Certificateholders under this Agreement by suit, action or proceeding in equity or at law or otherwise, whether for the
specific performance of any covenant or agreement contained in this Agreement or in aid of the execution of any power granted in this Agreement or for the enforcement of any other legal, equitable or other remedy as the Trustee, being advised by
counsel, shall deem most effectual to protect and enforce any of the rights of the Trustee or the Certificateholders. 
 (b) If the FDIC or
any equivalent governmental agency or instrumentality or any designee of any of them shall have been appointed as receiver, conservator, assignee, trustee in bankruptcy or reorganization, liquidator, sequestrator or custodian with respect to any
Seller (the “receiver”), the Trustee shall, irrespective of whether the principal of any Series or Class of Investor Certificates shall then be due and payable: 

(i) unless prohibited by applicable law or regulation or unless under FIRREA the receiver is required to participate in the
process as a defendant or otherwise, promptly take or cause to be taken any and all necessary or advisable commercially reasonable action as a secured creditor on behalf of the Certificateholders to recover, repossess,

  
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collect or liquidate the Receivables or any other Trust Assets on a “self-help” basis or otherwise and exercise any rights or remedies of a secured party under the applicable UCC and
take any other appropriate action to protect and enforce the rights and remedies of the Trustee and the Certificateholders; 

(ii) promptly, and in any case within any applicable claims bar period specified under FIRREA or otherwise, file and prove a
claim or claims under FIRREA or otherwise, by filing proofs of claim, protective proofs of claim or otherwise, for the whole amount of unpaid principal and interest in respect of the Investor Certificates and to file such other papers or documents
as may be necessary or advisable in order to have the claims of the Trustee and the Certificateholders allowed in any judicial, administrative, corporate or other proceedings relating to such Seller, its creditors or its property, including any
actions relating to the preservation of deficiency claims or for the protection against loss of any claim in the event the Trustee’s or the Certificateholders’ status as secured creditors are successfully challenged; and 

(iii) collect and receive any monies or other property payable or deliverable on any such claims and distribute all amounts
with respect to the claims of the Certificateholders to the Certificateholders. 
 (c) Nothing herein contained shall be deemed to authorize
the Trustee to authorize or consent to or accept or adopt on behalf of any Certificateholder any plan of reorganization, arrangement, adjustment or composition affecting the Investor Certificates or the rights of any Holder thereof, or to authorize
the Trustee to vote in respect of the claim of any Certificateholder in any such proceeding. 
 Section 11.14. Rights of
Certificateholders To Direct Trustee. Subject to Sections 2.12 and 14.02, Holders of Investor Certificates evidencing more than 50% of the aggregate unpaid principal amount of all Investor Certificates (or, with respect to any remedy, trust or
power that does not relate to all Series, 50% of the aggregate unpaid principal amount of the Investor Certificates of all Series to which such remedy, trust or power relates) shall have the right to direct the time, method, and place of conducting
any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee; provided, however, that, subject to Section 11.01, the Trustee shall have the right to decline to follow any such
direction if the Trustee after being advised by counsel determines that the action so directed may not lawfully be taken, or if the Trustee in good faith shall, by a Responsible Officer or Responsible Officers of the Trustee, determine that the
proceedings so directed would be illegal or involve it in personal liability or be unduly prejudicial to the rights of Investor Certificateholders not parties to such direction; and provided further that nothing in this Agreement shall impair
the right of the Trustee to take any action deemed proper by the Trustee and which is not inconsistent with such direction of the Investor Certificateholders. 

Section 11.15. Representations and Warranties of Trustee. The Trustee represents and warrants that: 

(i) the Trustee is a banking corporation organized, existing and in good standing under the laws of the State of New York; 

  
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 (ii) the Trustee has full power, authority and right to execute, deliver and
perform this Agreement and each Supplement, and has taken all necessary action to authorize the execution, delivery and performance by it of this Agreement and each Supplement; and 

(iii) this Agreement and each Supplement have been duly executed and delivered by the Trustee. 

Section 11.16. Maintenance of Office or Agency. The Trustee will maintain at its expense an office or agency (the “Corporate
Trust Office”) where notices and demands to or upon the Trustee in respect of the Certificates and this Agreement may be served in the Borough of Manhattan, The City of New York, in the case of Registered Certificates and Holders thereof. The
Trustee initially appoints 60 Wall Street, New York, New York 10005, Attention: Global Securities Services—Structured Finance Services as such office in the case of clause (a). The Trustee will give prompt notice to the Servicer and to Investor
Certificateholders of any change in the location of the Certificate Register or any such office or agency. 
 ARTICLE XII 

TERMINATION 
 Section 12.01.
Termination of Trust. The Trust and the respective obligations and responsibilities of the Sellers, the Servicer and the Trustee created hereby (other than the obligation of the Trustee to make payments to Investor Certificateholders as
hereinafter set forth) shall terminate, except with respect to the duties described in Sections 7.04, 8.04 and 12.02(b), upon the earliest of (i) the expiration of 21 years from the death of the last survivor of the descendants of Joseph P.
Kennedy, the late Ambassador of the United States to the Court of Saint James, living on May 29, 1991, (ii) the day following the Distribution Date on which the Invested Amount for each Series is zero and (iii) the time provided in
Section 9.02(b). 
 Section 12.02. Final Distribution. (a) The Servicer shall give the Trustee at least 30 days prior
notice of the Distribution Date on which the Investor Certificateholders of any Series or Class may surrender their Investor Certificates for payment of the final distribution on and cancellation of such Investor Certificates (or, in the event of a
final distribution resulting from the application of Section 2.06, 9.01 or 10.01, notice of such Distribution Date promptly after Servicer has determined that a final distribution will occur, if such determination is made less than 30 days
prior to such Distribution Date). Such notice shall be accompanied by an Officer’s Certificate setting forth the information specified in Section 3.05 covering the period during the then-current calendar year through the date of such
notice. Not later than the fifth day of the month in which the final distribution in respect of such Series or Class is payable to Investor Certificateholders, the Trustee shall provide notice to Investor Certificateholders of such Series or Class
specifying (i) the date upon which final payment of such Series or Class will be made upon presentation and surrender of Investor Certificates of such Series or Class at the office or offices therein designated, (ii) the amount of any such
final payment and (iii) that the Record Date otherwise applicable to such payment date is not applicable, payments being made only upon presentation and surrender of such Investor Certificates at the office or offices therein specified. The
Trustee shall give such notice to the Transfer Agent and Registrar and the Paying Agent at the time such notice is given to Investor Certificateholders. 

  
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 (b) Notwithstanding a final distribution to the Investor Certificateholders of any Series or
Class (or the termination of the Trust), except as otherwise provided in this paragraph, all funds then on deposit in the Collection Account and any Series Account allocated to such Investor Certificateholders shall continue to be held in trust for
the benefit of such Investor Certificateholders and the Paying Agent or the Trustee shall pay such funds to such Investor Certificateholders upon surrender of their Investor Certificates (and any excess shall be paid in accordance with the terms of
any Enhancement Agreement). In the event that all such Investor Certificateholders shall not surrender their Investor Certificates for cancellation within six months after the date specified in the notice from the Trustee described in paragraph (a),
the Trustee shall give a second notice to the remaining such Investor Certificateholders to surrender their Investor Certificates for cancellation and receive the final distribution with respect thereto. If within one year after the second notice
all such Investor Certificates shall not have been surrendered for cancellation, the Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Investor Certificateholders concerning
surrender of their Investor Certificates, and the cost thereof shall be paid out of the funds in the Collection Account or any Series Account held for the benefit of such Investor Certificateholders. The Trustee and the Paying Agent shall pay to the
Sellers any monies held by them for the payment of principal or interest that remains unclaimed for two years. After payment to the Sellers, Investor Certificateholders entitled to the money must look to the Sellers for payment as general creditors
unless an applicable abandoned property law designates another Person. 
 (c) In the event that the Invested Amount with respect to any
Series is greater than zero on its Termination Date (after giving effect to deposits and distributions otherwise to be made on such Termination Date), the Trustee will sell or cause to be sold on such Termination Date Principal Receivables and the
related Finance Charge Receivables (or interests therein) in an amount equal to 110% of the Invested Amount with respect to such Series on such Termination Date (after giving effect to such deposits and distributions; provided,
however, that in no event shall such amount exceed such Series’ Series Allocation Percentage of Receivables on such Termination Date). The proceeds (the “Termination Proceeds”) from such sale shall be immediately deposited into
the Collection Account for the benefit of the Investor Certificateholders of such Series. The Termination Proceeds shall be allocated and distributed to Investor Certificateholders of such Series in accordance with the terms of the applicable
Supplement. 
 Section 12.03. Sellers’ Termination Rights. Upon the termination of the Trust pursuant to Section 12.01
and the surrender of the Sellers’ Certificate, the Trustee shall sell, assign and convey to the Sellers or their designee, without recourse, representation or warranty, all right, title and interest of the Trust in the Receivables, whether then
existing or thereafter created, all monies due or to become due and all amounts received with respect thereto and all proceeds thereof, except for amounts held by the Trustee pursuant to Section 12.02(b). The Trustee shall execute and deliver
such instruments of transfer and assignment, in each case without recourse, as shall be reasonably requested by the Sellers to vest in the Sellers or their designee all right, title and interest which the Trust had in the Receivables. 

  
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 ARTICLE XIII 

MISCELLANEOUS PROVISIONS 

Section 13.01. Amendment; Waiver of Past Defaults. (a) This Agreement or any Supplement may be amended from time to time
(including in connection with the issuance of a Supplemental Certificate or to change the definition of Due Period) by the Servicer, the Sellers and the Trustee without the consent of any of the Certificateholders, provided that (i) such action
shall not, as evidenced by an Opinion of Counsel for the Sellers, addressed and delivered to the Trustee, adversely affect in any material respect the interests of any Investor Certificateholder or (ii) in the case of an amendment to change the
definition of Due Period, the Sellers shall each have delivered to the Trustee and each Series Enhancer a certificate of a Vice President or more senior officer, dated the date of any such amendment, stating that such Seller reasonably believes that
such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future; provided, however, that the Rating Agency Condition shall have been satisfied with respect to any such
amendment. 
 (b) This Agreement or any Supplement may also be amended from time to time (including in connection with the issuance of a
Supplemental Certificate) by the Servicer, the Sellers and the Trustee, with the consent of the Holders of Investor Certificates evidencing not less than 66-2/3% of the aggregate unpaid principal amount of the Investor Certificates of all adversely
affected Series, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or any Supplement or of modifying in any manner the rights of the Certificateholders; provided,
however, that no such amendment shall (i) reduce in any manner the amount of or delay the timing of any distributions to be made to Investor Certificateholders or deposits of amounts to be so distributed or the amount available under any
Series Enhancement without the consent of each affected Certificateholder, (ii) change the definition of or the manner of calculating the interest of any Investor Certificateholder without the consent of each affected Investor
Certificateholder, (iii) reduce the aforesaid percentage required to consent to any such amendment without the consent of each Investor Certificateholder or (iv) adversely affect the rating of any Series or Class by each Rating Agency
without the consent of the Holders of Investor Certificates of such Series or Class evidencing not less than 66-2/3% of the aggregate unpaid principal amount of the Investor Certificates of such Series or Class. Any amendment to be effected pursuant
to this paragraph shall be deemed to adversely affect all outstanding Series, other than any Series with respect to which such action shall not, as evidenced by an Opinion of Counsel for the Sellers, addressed and delivered to the Trustee, adversely
affect in any material respect the interests of any Investor Certificateholder of such Series. The Trustee may, but shall not be obligated to, enter into any such amendment which affects the Trustee’s rights, duties or immunities under this
Agreement or otherwise. 
 (c) Promptly after the execution of any such amendment or consent (other than an amendment pursuant to paragraph
(a)), the Trustee shall furnish notification of the substance of such amendment to each Investor Certificateholder, and the Servicer shall furnish notification of the substance of such amendment to each Rating Agency and each Series Enhancer. 

(d) It shall not be necessary for the consent of Investor Certificateholders under this Section to approve the particular form of any proposed
amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the execution thereof by Investor Certificateholders shall be subject to such
reasonable requirements as the Trustee may prescribe. 

  
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 (e) Notwithstanding anything in this Section to the contrary, no amendment may be made to this
Agreement or any Supplement which would adversely affect in any material respect the interests of any Series Enhancer without the consent of such Series Enhancer. 

(f) Any Supplement executed in accordance with the provisions of Section 6.03 shall not be considered an amendment to this Agreement for
the purposes of this Section. 
 (g) The Holders of Investor Certificates evidencing more than 66-2/3% of the aggregate unpaid principal
amount of the Investor Certificates of each Series, or, with respect to any Series with two or more Classes, of each Class (or, with respect to any default that does not relate to all Series, 66-2/3% of the aggregate unpaid principal amount of the
Investor Certificates of each Series to which such default relates or, with respect to any such Series with two or more classes, of each Class) may, on behalf of all Certificateholders, waive any default by the Sellers or the Servicer in the
performance of their obligations hereunder and its consequences, except the failure to make any distributions required to be made to Investor Certificateholders or to make any required deposits of any amounts to be so distributed. Upon any such
waiver of a past default, such default shall cease to exist, and any default arising therefrom shall be deemed to have been remedied for every purpose of this Agreement. No such waiver shall extend to any subsequent or other default or impair any
right consequent thereon except to the extent expressly so waived. 
 Section 13.02. Protection of Right, Title and Interest to
Trust. (a) The Servicer shall cause this Agreement, all amendments and supplements hereto and/or all financing statements (including amendments thereto) and continuation statements and any other necessary documents covering the
Certificateholders’ and the Trustee’s right, title and interest to the Trust to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, all in such manner and in such places as may be
required by law fully to preserve and protect the right, title and interest of the Certificateholders and the Trustee hereunder to all property comprising the Trust. The Servicer shall deliver to the Trustee file-stamped copies of, or filing
receipts for, any document recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Sellers shall cooperate fully with the Servicer in connection with the obligations set forth above
and will execute any and all documents reasonably required to fulfill the intent of this paragraph. 
 (b) Within 30 days after any of the
Sellers makes any change in its name, identity, corporate structure or jurisdiction of organization which would make any financing statement or continuation statement filed in accordance with paragraph (a) seriously misleading within the
meaning of Section 9-506 (or any comparable provision) of the UCC, such Seller shall give the Trustee notice of any such change and shall file such financing statements or amendments as may be necessary to continue the perfection of the
Trust’s security interest in the Receivables and the proceeds thereof. 
 (c) Each Seller and the Servicer will give the Trustee prompt
notice of any relocation of any office from which it services Receivables or keeps records concerning the Receivables or of its principal executive office and whether, as a result of such relocation, the applicable provisions of the UCC would
require the filing of any amendment of any previously filed financing or 

  
 83 

 
continuation statement or of any new financing statement and shall file such financing statements or amendments as may be necessary to perfect or to continue the perfection of the Trust’s
security interest in the Receivables and the proceeds thereof. Each Seller and the Servicer will at all times maintain each office from which it services Receivables and its principal executive offices within the United States. 

(d) The Servicer will deliver to the Trustee and each Series Enhancer: (i) upon the execution and delivery of each amendment of this
Agreement or any Supplement, an Opinion of Counsel to the effect specified in Exhibit H-1; (ii) upon the execution and delivery of each amendment of Article I, II, III or IV or of any Supplement, other than amendments pursuant to
Section 13.01(a), on each Addition Date on which any Lump Addition Accounts are to be designated as Accounts pursuant to Section 2.09(a) or (b) and on each date specified in Section 2.09(c)(iii) with respect to the inclusion of
New Accounts as Accounts, an Opinion of Counsel substantially in the form of Exhibit H-2, and on each Addition Date on which any Participation Interests are to be included in the Trust pursuant to Section 2.09(a) or (b), an Opinion of Counsel
covering the same substantive legal issues addressed by Exhibits H-1 and H-2 but conformed to the extent appropriate to relate to Participation Interests; and (iii) on or before March 3l of each year, beginning with March 3l, 1992, an
Opinion of Counsel substantially in the form of Exhibit H-2. 
 Section 13.03. Limitation on Rights of Certificateholders.
(a) The death or incapacity of any Certificateholder shall not operate to terminate this Agreement or the Trust, nor shall such death or incapacity entitle such Certificateholders’ legal representatives or heirs to claim an accounting or
to take any action or commence any proceeding in any court for a partition or winding up of the Trust, nor otherwise affect the rights, obligations and liabilities of the parties hereto or any of them. 

(b) No Investor Certificateholder shall have any right to vote (except as expressly provided in this Agreement) or in any manner otherwise
control the operation and management of the Trust, or the obligations of the parties hereto, nor shall anything herein set forth, or contained in the terms of the Certificates, be construed so as to constitute the Investor Certificateholders from
time to time as partners or members of an association, nor shall any Investor Certificateholder be under any liability to any third person by reason of any action taken by the parties to this Agreement pursuant to any provision hereof. 

(c) No Investor Certificateholder shall have any right by virtue of any provisions of this Agreement to institute any suit, action or
proceeding in equity or at law upon or under or with respect to this Agreement, unless such Investor Certificateholder previously shall have made, and unless the Holders of Investor Certificates evidencing more than 50% of the aggregate unpaid
principal amount of all Investor Certificates (or, with respect to any such action, suit or proceeding that does not relate to all Series, 50% of the aggregate unpaid principal amount of the Investor Certificates of all Series to which such action,
suit or proceeding relates) shall have made, a request to the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder and shall have offered to the Trustee such reasonable indemnity as it may require against the
costs, expenses and liabilities to be incurred therein or thereby, and the Trustee, for 60 days after such request and offer of indemnity, shall have neglected or refused to institute any such action, suit or proceeding; it being understood and
intended, and being expressly covenanted by each Investor Certificateholder with every other Investor Certificateholder and the Trustee, that no one or more Investor Certificateholders shall have any

  
 84 

 
right in any manner whatever by virtue or by availing itself or themselves of any provisions of this Agreement to affect, disturb or prejudice the rights of the holders of any other of the
Investor Certificates, or to obtain or seek to obtain priority over or preference to any other such Investor Certificateholder, or to enforce any right under this Agreement, except in the manner herein provided and for the equal, ratable and common
benefit of all Investor Certificateholders except as otherwise expressly provided in this Agreement. For the protection and enforcement of the provisions of this Section, each and every Investor Certificateholder and the Trustee shall be entitled to
such relief as can be given either at law or in equity. 
 Section 13.04. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, 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; PROVIDED, HOWEVER, ANY SALE
OF RECEIVABLES BY CITIBANK TO THE TRUSTEE ON BEHALF OF THE TRUST PURSUANT TO SECTION 2.01 OR SECTION 2.09 SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF SOUTH DAKOTA, INCLUDING TITLE 54, CHAPTER 1, SECTIONS 9 AND 10 OF THE SOUTH
DAKOTA CODIFIED LAWS AND WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER RELATING TO ANY SUCH SALE SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 13.05. Notices; Payments. (a) All demands, notices, instructions, directions and communications (collectively,
“Notices”) under this Agreement shall be in writing and shall be deemed to have been duly given if personally delivered at, mailed by registered mail, return receipt requested, or sent by facsimile transmission 

(i) in the case of the Sellers, to: 

Citibank, N.A. 
 701 E. 60th
Street, North 
 Sioux Falls, South Dakota 57117 

Facsimile: 605-331-4442 or 7232 

with copies to: 
 Citigroup Inc.

 One Court Square (6th Floor) 

Long Island City, New York 11120 

Attention: Treasury 
 Facsimile:
718-248-6855 
 Citigroup – Corporate Law Department 

One Court Square (45th Floor) 

Long Island City, New York 11120 

Facsimile: 718-248-2705 

  
 85 

 (ii) in the case of the Trustee, to: 

Deutsche Bank Trust Company Americas 

60 Wall Street 
 New York, New
York 10005 
 Attention: Global Securities Services—Structured Finance Services 

Facsimile: 212-553-2460 
 (iii)
in the case of Moody’s, to: 
 Moody’s Investors Service, Inc. 

7 World Trade Center 
 250
Greenwich Street 
 New York, New York 10007 

Attention: ABS Monitoring Department 4th Floor 

Facsimile: 212-553-7811 
 (iv) in
the case of Standard & Poor’s, to: 
 Standard & Poor’s Ratings Services 

55 Water Street 
 New York, NY
10041 
 Attention: Asset Backed Group 

Facsimile: 212-438-2648 
 (v) in
the case of Fitch, to: 
 Fitch Ratings 

33 Whitehall Street 
 New York,
New York 10004 
 Attention: Asset Backed Group 

Facsimile: 212-514-9879 
 (vi) in
the case of the Paying Agent or the Transfer Agent and Registrar, to: 
 Citibank, N.A. 

388 Greenwich Street, 14th Floor 

New York, New York 10013 

Attention: Corporate Agency and Trust 

Facsimile: 212-816-5527 

(v) to any other Person as specified in any Supplement; or, as to each party, at such other address or facsimile number as
shall be designated by such party in a written notice to each other party. 
 (b) Any Notice required or permitted to be given to a Holder
of Registered Certificates shall be given by first-class mail, postage prepaid, at the address of such Holder as shown in the Certificate Register. Any Notice so mailed within the time prescribed in this Agreement shall be conclusively presumed to
have been duly given, whether or not the Investor Certificateholder receives such Notice. In addition, if and so long as any 

  
 86 

 
Series or Class is listed on the Luxembourg Stock Exchange and such Exchange shall so require, any Notice to Investor Certificateholders shall be published in an Authorized Newspaper of general
circulation in Luxembourg within the time period prescribed in this Agreement. 
 (c) All Notices to be given to Citibank, as a Seller or as
Servicer, shall be deemed given if one Notice is provided to the address of Citibank. All Notices to be made to the Sellers shall be deemed given if one notice is provided to the address of Citibank. All payments hereunder to Citibank, whether as
Seller or as Servicer, shall be made to such account as such party may specify in writing. All payments hereunder to the Sellers shall be deemed made if made to the account of Citibank as provided above. 

(d) Nothing in this Section 13.05 shall preclude or render ineffective Notices given in any other manner or by any other means authorized
or permitted by any other Section of this Agreement or otherwise accepted by the recipient of any Notice. 
 Section 13.06. Rule
144A Information. For so long as any of the Investor Certificates of any Series or Class are “restricted securities” within the meaning of Rule 144(a)(3) under the Act, each of the Sellers, the Trustee, the Servicer and any Series
Enhancer agree to cooperate with each other to provide to any Investor Certificateholders of such Series or Class and to any prospective purchaser of Certificates designated by such an Investor Certificateholder, upon the request of such Investor
Certificateholder or prospective purchaser, any information required to be provided to such holder or prospective purchaser to satisfy the condition set forth in Rule 144A(d)(4) under the Act. 

Section 13.07. Severability of Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement
shall for any reason whatsoever be held invalid, then such provisions shall be deemed severable from the remaining provisions of this Agreement and shall in no way affect the validity or enforceability of the remaining provisions or of the
Certificates or the rights of the Certificateholders. 
 Section 13.08. Assignment. Notwithstanding anything to the contrary
contained herein, except as provided in Section 8.02, this Agreement may not be assigned by the Servicer without the prior consent of Holders of Investor Certificates evidencing not less than 66-2/3% of the aggregate unpaid principal amount of
all outstanding Investor Certificates. 
 Section 13.09. Certificates Nonassessable and Fully Paid. It is the intention of the
parties to this Agreement that the Certificateholders shall not be personally liable for obligations of the Trust, that the interests in the Trust represented by the Certificates shall be nonassessable for any losses or expenses of the Trust or for
any reason whatsoever and that Certificates upon authentication thereof by the Trustee pursuant to Section 6.02 are and shall be deemed fully paid. 

Section 13.10. Further Assurances. The Sellers and the Servicer agree to do and perform, from time to time, any and all acts and
to execute any and all further instruments required or reasonably requested by the Trustee more fully to effect the purposes of this Agreement, including the execution of any financing statements or continuation statements relating to the
Receivables for filing under the provisions of the UCC of any applicable jurisdiction. 

  
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 Section 13.11. Nonpetition Covenant. Notwithstanding any prior termination of this
Agreement, the Servicer, the Trustee, each Seller and each holder of a Supplemental Certificate shall not, prior to the date which is one year and one day after the termination of this Agreement with respect to the Trust, acquiesce, petition or
otherwise invoke or cause the Trust to invoke the process of any Governmental Authority for the purpose of commencing or sustaining a case against the Trust under any Federal or state bankruptcy, insolvency or similar law or appointing a receiver,
liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Trust or any substantial part of its property or ordering the winding-up or liquidation of the affairs of the Trust. 

Section 13.12. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Trustee or
the Certificateholders, any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege under this Agreement preclude any other or
further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided under this Agreement are cumulative and not exhaustive of any rights, remedies, powers and privileges
provided by law. 
 Section 13.13. Counterparts. This Agreement 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 together shall constitute one and the same instrument. 

Section 13.14. Third-Party Beneficiaries. This Agreement will inure to the benefit of and be binding upon the parties hereto, the
Certificateholders, any Series Enhancer and their respective successors and permitted assigns. Except as otherwise expressly provided in this Agreement, no other Person will have any right or obligation hereunder. 

Section 13.15. Actions by Certificateholders. (a) Wherever in this Agreement a provision is made that an action may be taken
or a Notice given by Certificateholders, such action or Notice may be taken or given by any Certificateholder, unless such provision requires a specific percentage of Certificateholders. 

(b) Any Notice, request, authorization, direction, consent, waiver or other act by the Holder of a Certificate shall bind such Holder and
every subsequent Holder of such Certificate and of any Certificate issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done or omitted to be done by the Trustee or the Servicer in
reliance thereon, whether or not notation of such action is made upon such Certificate. 
 Section 13.16. Merger and
Integration. Except as specifically stated otherwise herein, this Agreement sets forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this
Agreement. This Agreement may not be modified, amended, waived or supplemented except as provided herein. 
 Section 13.17.
Headings. The headings herein are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof. 

  
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 Section 13.18. Sale; Security Interest. It is the intention of the parties hereto
that the arrangements with respect to the Receivables shall constitute a purchase and sale of such Receivables and not a loan. In the event, however, that it were determined that the transactions evidenced hereby constitute a loan and not a purchase
and sale, it is the intention of the parties hereto that this Agreement shall constitute a security agreement under applicable law, and that the Sellers shall be deemed to have granted to the Trustee, on behalf of the Trust, a first priority
perfected security interest in all of the Sellers’ right, title and interest in, to and under the Receivables, now existing and hereafter created, and the other Trust Assets conveyed by the Sellers to secure their obligations hereunder.
Accordingly, the Sellers hereby grant to the Trustee a security interest in all of the Sellers’ right, title and interest in, to and under the Receivables now existing and hereafter created, all monies due or to become due and all amounts
received with respect thereto and all “proceeds” thereof and any other Trust Assets, to secure all the Sellers’ obligations hereunder, including the Sellers’ obligation to sell or transfer Receivables hereafter created to the
Trust. This Agreement shall constitute a security agreement under applicable law. 
 Section 13.19. Additional Representations,
Warranties and Covenants Relating to UCC Article 9. With respect to the Receivables transferred to the Trust pursuant to Section 2.01 of the Agreement (the “Transferred Receivables”), each Seller represents, warrants and covenants
as follows: 
 (a) This Agreement and each applicable Assignment constitute a valid sale, transfer and assignment to the
Trust of all right, title and interest of the Sellers in the Receivables now existing or hereafter created, all monies due or to become due and all amounts received with respect thereto and the “proceeds” thereof (as defined in the
applicable UCC), or, if this Agreement and the Assignments do not constitute a sale of such property, they constitute a valid and continuing security interest (as defined in the applicable UCC) in the Receivables in favor of the Trustee, which
security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Sellers. 

(b) The Receivables constitute “accounts” within the meaning of the applicable UCC. 

(c) At the time of transfer by the Sellers to the Trust, the applicable Seller owned and had good and marketable title to the
Receivables free and clear of any Lien, claim or encumbrance of any Person. 
 (d) Each Seller has caused or will have
caused, within ten days, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest in the Receivables granted to the Trustee under
this Agreement and any applicable Assignment. 
 (e) Other than the security interest granted to the Trustee pursuant to this
Agreement and any Assignment, no Seller has pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables (except for Liens terminated or released at or before the time of the transfer of such Receivables to
the Trust). No Seller has authorized the filing of or is aware of any financing statements against such Seller that include a description of collateral covering the Receivables other than any financing

  
 89 

 
statement (i) relating to the security interest granted to the Trustee pursuant to this Agreement or any Assignment, or (ii) that has been terminated or released. No Seller is aware of
any judgment or tax lien filings against it. 
 Section 13.20. Intent of Parties Concerning Receivables Sold by Citibank. Each
of the parties hereto hereby agrees that with respect to any Receivables or other property, assets or rights purported to be transferred, in whole or in part, by Citibank pursuant to this Agreement (including each Assignment) such transfer shall be
deemed to constitute a “securitization transaction” as the term is defined in the South Dakota Codified Laws Title 54, Chapter 1, Sections 9 and 10. In addition, each of the parties hereto hereby agrees that any transfer of Receivables or
other property, assets or rights, in whole or in part, by Citibank pursuant to this Agreement (including each Assignment) shall be subject to the provisions of South Dakota Codified Laws Title 54, Chapter 1, Section 10, all of which are
incorporated herein by reference. 
 ARTICLE XIV 

ASSET REPRESENTATIONS REVIEW TRIGGERS 

Section 14.01. Delinquency Trigger. (a) The Servicer or the Seller shall, on behalf of the Trust, provide written notice to
the Trustee and disclose the occurrence of any Delinquency Trigger in the distribution report on Form 10-D for the distribution period in which such Delinquency Trigger occurs. 

(b) The Seller shall review and may adjust the Delinquency Trigger Rate upon the occurrence of any of the following events:
(i) the filing of a new registration statement with the Commission relating to any Notes (as defined in the Series 2000 Supplement hereto) or Investor Certificates to be offered and sold from time to time by the Seller; and (ii) a change
in law or regulation (including any new or revised interpretation of an existing law or regulation) that, in the Seller’s judgment, could reasonably be expected to have a material effect on the delinquency rate for Obligor payments on the
Accounts or the manner by which delinquencies are defined or determined; provided, however, that for so long as a Delinquency Trigger has occurred and is continuing, a review of the Delinquency Trigger Rate that would otherwise be required as
specified above will be delayed until the date on which the Servicer or the Seller shall, on behalf of the Trust, report in the applicable distribution report on Form 10-D that the Delinquency Trigger is no longer continuing.

(c) In the case of a review of the Delinquency Trigger Rate undertaken upon the occurrence of an event described in clause
(i) of Section 14.01(b), the Seller may increase or decrease the Delinquency Trigger Rate by any amount it reasonably determines to be appropriate based on the composition of the Receivables at the time of the review. In the case of a
review undertaken upon the occurrence of any event described in clause (ii) of Section 14.01(b), the Seller may increase or decrease the Delinquency Trigger Rate by any amount it reasonably determines to be appropriate as a result of the
related change in law or regulation. The Servicer or the Seller shall, on behalf of the Trust, disclose the Delinquency Trigger Rate, as adjusted, in the distribution report on Form 10-D for the distribution period in which the adjustment
occurs, which report shall also include a description of how the adjusted Delinquency Trigger Rate was determined to be appropriate. 

  
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 Section 14.02. Investor Action to Initiate an Asset Representations Review.
(a) Within 90 days following the date on which the Servicer or the Seller, on behalf of the Trust, discloses the occurrence of a Delinquency Trigger pursuant to Section 14.01(a), Holders of Investor Certificates holding at least 5% of the
aggregate unpaid principal amount of all outstanding Investor Certificates may submit a written petition to the Seller and the Trustee directing that a vote be taken on whether to initiate an Asset Representations Review. For the avoidance of
doubt, for so long as a Delinquency Trigger has occurred and is continuing, a new 90-day petition period shall commence each month, beginning on the date on which the Servicer or the Seller, on behalf of the Trust, discloses in the related
distribution report on Form 10-D that the Delinquency Trigger is continuing. 
 (b) If Holders of Investor Certificates
submit a written petition directing that a vote be taken in accordance with Section 14.02(a), then the Trustee shall (i) promptly provide written notice of such direction to all Holders of Investor Certificates by delivering notice of such
direction to Holders of Investor Certificates at their addresses appearing on the Certificate Register and (ii) conduct a solicitation of votes of Holders of Investor Certificates to initiate a review, which solicitation of votes shall occur
within 90 days of the delivery of such notice by the Trustee. If (x) a vote in which an Asset Review Quorum participates occurs within such 90-day period and (y) Holders of Investor Certificates holding more than 50% of the aggregate
unpaid principal amount of all outstanding Investor Certificates casting a vote direct that a review be undertaken, then the Trustee shall promptly provide written notice to the Seller, the Servicer and Holders of Investor Certificates in the same
manner as described above. Upon receipt of such notice from the Trustee, the Servicer will promptly provide written notice to the Asset Representations Reviewer and an Asset Representations Review will commence in accordance with the terms set
forth in the Asset Representations Review Agreement. 
 (c) Notwithstanding any provisions of this Article XIV to the
contrary, and subject to the additional requirements and conditions set forth in this Article XIV, for so long as a petition to direct that a vote be taken, a vote itself, or an Asset Representations Review is underway in accordance with
Section 14.02(a), Section 14.02(b), or the terms of the Asset Representations Review Agreement, respectively, Holders of Investor Certificates may not initiate another petition, vote, or Asset Representations Review unless and until such
prior petition, vote, or Asset Representations Review is completed. For purposes of this Section 14.02(c): 
 (i) a
petition will be considered completed only (A) if the petition does not result in a vote, (B) if a vote occurs, such vote does not result in an Asset Representations Review, or (C) if an Asset Representations Review occurs, at such
time as the Servicer or the Seller, on behalf of the Trust, includes a summary of the Asset Representations Reviewer’s final report setting out the findings of its Asset Representations Review in a distribution report on Form 10-D in accordance
with the terms of the Asset Representations Review Agreement; 

  
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 (ii) a vote will be considered completed only (A) if the vote does not
result in an Asset Representations Review or (B) if an Asset Representations Review occurs, at such time as the Servicer or the Seller, on behalf of the Trust, includes a summary of the Asset Representations Reviewer’s final report setting
out the findings of its Asset Representations Review in a distribution report on Form 10-D in accordance with the terms of the Asset Representations Review Agreement; and 

(iii) an Asset Representations Review will be considered completed only at such time as the Servicer or the Seller, on behalf
of the Trust, includes a summary of the Asset Representations Reviewer’s final report setting out the findings of its Asset Representations Review in a distribution report on Form 10-D in accordance with the terms of the Asset Representations
Review Agreement. 
 (d) If at the completion of an Asset Representations Review undertaken in accordance with the terms set
forth in the Asset Representations Review Agreement, the Asset Representations Reviewer’s findings and conclusions indicate that any Receivables reviewed did not comply with the related representations and warranties, the Seller shall
investigate any such findings of non-compliance contained in the report and make a determination regarding whether any such non-compliance constitutes a breach of any contractual provision of this Agreement or the Receivables Purchase
Agreement. If the Seller determines that such a breach has occurred, it will provide notice of such breach to the Servicer and the Trustee. 

  
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 IN WITNESS WHEREOF, the Bank, the Servicer and the Trustee have caused this Agreement to be duly
executed by their respective officers as of the day and year first above written. 
  

			
	CITIBANK, N.A., Seller and Servicer,
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, Trustee,

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 93 

 EXHIBIT A 

FORM OF BANK CERTIFICATE 
 THIS
BANK CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. NEITHER THIS BANK CERTIFICATE NOR ANY PORTION HEREOF MAY BE OFFERED OR SOLD EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF SUCH ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM SUCH REGISTRATION PROVISIONS. 
 THIS BANK CERTIFICATE IS NOT PERMITTED TO BE TRANSFERRED, ASSIGNED, EXCHANGED OR
OTHERWISE PLEDGED OR CONVEYED EXCEPT IN COMPLIANCE WITH THE TERMS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. 
 No. R-
                                         
                                         
                                         
                                         
                One Unit 
 CITIBANK CREDIT CARD MASTER TRUST
I 
 BANK CERTIFICATE 
 THIS
CERTIFICATE REPRESENTS AN INTEREST 
 IN CERTAIN ASSETS OF THE 

CITIBANK CREDIT CARD MASTER TRUST I 
 Evidencing
an interest in a trust, the corpus of which consists primarily of receivables generated from time to time in the ordinary course of business in a portfolio of revolving credit card accounts owned by Citibank, N.A. (the “Bank”) and, in
certain circumstances, certain Additional Sellers (as defined in the Pooling and Servicing Agreement referred to below). 
 (Not an interest
in or obligation of the Sellers or any affiliate thereof) 
 This certifies that CITIBANK, N.A is the registered owner of a fractional
interest in the assets of a trust (the “Trust”) not allocated to the Certificateholders’ Interest or the interest of any holder of a Supplemental Certificate pursuant to the Third Amended and Restated Pooling and Servicing Agreement
dated as of [        ] [    ], 2016 (as amended and supplemented, the “Agreement”), between Citibank, N.A., a national banking association, as Seller and Servicer, and Deutsche
Bank Trust Company Americas, a New York banking corporation, as trustee (the “Trustee”). The corpus of the Trust consists of (i) a portfolio of all receivables (the “Receivables”) existing in the revolving credit card
accounts identified under the Agreement from time to time (the “Accounts”), (ii) all Receivables generated under the Accounts from time to time thereafter, (iii) funds collected or to be collected from cardholders in respect of
the Receivables, (iv) all funds which are from time to time on deposit in the Collection Account and in the Series Accounts, (v) the benefits of any Series Enhancements issued and to be issued by Series Enhancers with respect to one or
more Series of Investor Certificates and (vi) all other 

 
assets and interests constituting the Trust. Although a summary of certain provisions of the Agreement is set forth below, this Certificate does not purport to summarize the Agreement and
reference is made to the Agreement for information with respect to the interests, rights, benefits, obligations, proceeds and duties evidenced hereby and the rights, duties and obligations of the Trustee. A copy of the Agreement may be requested
from the Trustee by writing to the Trustee at the Corporate Trust Office. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to them in the Agreement. 

This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement, as amended and
supplemented from time to time, the Bank by virtue of its acceptance hereof assents and is bound. 
 The Receivables consist of Principal
Receivables which arise generally from the purchase of merchandise and services and amounts advanced to cardholders as cash advances and Finance Charge Receivables which arise generally from Periodic Rate Finance Charges, Cash Advance Fees, Late
Payment Fees and annual membership fees with respect to the Accounts. 
 This Certificate is the Bank Certificate, which represents the
Banks’ Interest in certain assets of the Trust, including the right to receive a portion of the Collections and other amounts at the times and in the amounts specified in the Agreement. The aggregate interest represented by the Bank Certificate
at any time in the Receivables in the Trust shall not exceed the Banks’ Interest at such time. In addition to the Bank Certificate, (i) Investor Certificates will be issued to investors pursuant to the Agreement, which will represent the
Certificateholders’ Interest, and (ii) Supplemental Certificates may be issued pursuant to the Agreement, which will represent that portion of the Sellers’ Interest not allocated to the Bank. This Bank Certificate shall not represent
any interest in the Collection Account or the Series Accounts, except as expressly provided in the Agreement, or any Series Enhancements. 

The Sellers have entered into the Agreement, and this Certificate is issued, with the intention that, for Federal, state and local income and
franchise tax purposes only, the Investor Certificates will qualify as indebtedness of the Sellers secured by the Receivables. The Bank, by entering into the Agreement and by its acceptance of this Certificate, agrees to treat the Investor
Certificates for Federal, state and local income and franchise tax purposes as indebtedness of the Sellers. 
 Subject to certain conditions
and exceptions specified in the Agreement, the obligations created by the Agreement and the Trust created thereby shall terminate upon the earliest of (i) the expiration of 21 years from the death of the last survivor of the descendants of
Joseph P. Kennedy, the late Ambassador of the United States to the Court of Saint James, living on May 29, 1991, (ii) the day following the Distribution Date on which the Invested Amount for each Series is zero and (iii) the time
provided in Section 9.02(b) of the Agreement. 

  
 A-2 

 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee,
by manual or facsimile signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose. 

IN WITNESS WHEREOF, the Bank has caused this Certificate to be duly executed. 

 

			
	CITIBANK, N.A.,
		
	By:	 	  

	Name:	 	
	Title:	 	

 Dated: [Date] 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is the Bank Certificate described in the within-mentioned Agreement. 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 
   as Trustee,

  

			
	By:	 	  

		 	Authorized Officer
		
		 	or
	
	By: CITIBANK, N.A.,
		 	      as Authenticating Agent

     for the Trustee,

		
	By:	 	  

		 	Authorized Officer

  
 A-3 

 EXHIBIT B 

FORM OF ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS 

(As required by Section 2.09 of 

the Pooling and Servicing Agreement) 

ASSIGNMENT No.      OF RECEIVABLES IN ADDITIONAL ACCOUNTS dated as
            ,         * by and among CITIBANK, N.A., Seller and Servicer (“Citibank”),
[                    ], an Additional Seller
([“                    ”] and, together with Citibank, the “Sellers”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New
York banking corporation (the “Trustee”), pursuant to the Pooling and Servicing Agreement referred to below. 
 W I
T N E S S E T H : 
 WHEREAS, the Sellers, the Servicer and the Trustee are parties
to the Third Amended and Restated Pooling and Servicing Agreement dated as of [        ] [    ], 2016 (as amended and supplemented, the “Agreement”); 

WHEREAS, pursuant to the Agreement, [Citibank] wishes to designate Additional Accounts to be included as Accounts and to convey the
Receivables of such Additional Accounts, whether now existing or hereafter created, to the Trust as part of the corpus of the Trust (as each such term is defined in the Agreement); and 

WHEREAS, the Trustee is willing to accept such designation and conveyance subject to the terms and conditions hereof; 

NOW, THEREFORE, the Sellers, the Servicer and the Trustee 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 Date” shall mean, with respect to the Additional Accounts designated hereby,
            , 20    . 
  

 

	*	To be dated as of the applicable Addition Date. 

 “Additional Cut-Off Date” shall mean, with respect to the Additional Accounts
designated hereby,             , 20    .* 

2. Designation of Additional Accounts. Attached as Schedule I hereto is a computer file or microfiche list containing a true and
complete schedule identifying all such Additional Accounts specifying for each such Account, as of the Additional Cut-Off Date, its account number [, the aggregate amount outstanding in such Account and the aggregate amount of Principal Receivables
outstanding in such Account],** which computer file or microfiche list shall supplement Schedule I to the Agreement. 
 3. Conveyance of
Receivables. 
 (a) [Each of the Sellers] does hereby sell, transfer, assign, set over and otherwise convey to the Trustee, on behalf of
the Trust, for the benefit of the Certificateholders, all its right, title and interest in, to and under the Receivables of such Additional Accounts existing at the close of business on the Additional Cut-Off Date and thereafter created from time to
time until the termination of the Trust, all monies due or to become due and all amounts received with respect thereto and all proceeds thereof (including “proceeds” as defined in the UCC as in effect in the State of South Dakota [and
other applicable states]). The foregoing does not constitute and is not intended to result in the creation or assumption by the Trust, the Trustee, any Investor Certificateholder or any Series Enhancer of any obligation of the Servicer, any Seller
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, American Express or
insurers. 
 (b) In connection with such sale, the Sellers agree to record and file, at their own expense, financing statements (and
continuation statements when applicable) with respect to the Receivables now existing and hereafter 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 the Receivables to the Trust, and to deliver a file-stamped copy of each such financing statement or other evidence of such filing to the Trustee on or prior to the Addition Date. The Trustee shall be under
no obligation whatsoever to file such financing or continuation statements or to make any other filing under the UCC in connection with such sale and assignment. 

(c) In connection with such sale, the Sellers further agree, at their own expense, on or prior to the date of this Assignment, to indicate in
the appropriate computer files that Receivables created in connection with the Additional Accounts designated hereby have been conveyed to the Trust pursuant to the Agreement and this Assignment for the benefit of the Certificateholders. 

 
  

	*	The definition of “Additional Cut-Off Date” only needs to be included in an Assignment for Lump Additions. 

	**	The bracketed language is to be included only in an Assignment for Lump Additions. 

  
 B-2 

 4. Acceptance by Trustee. Subject to the satisfaction of the conditions set forth in
Section 6 of this Assignment, the Trustee hereby acknowledges its acceptance on behalf of the Trust of all right, title and interest to the property, now existing and hereafter created, conveyed to the Trust pursuant to Section 3(a) of
this Assignment, and declares that it shall maintain such right, title and interest, upon the trust set forth in the Agreement for the benefit of all Certificateholders. The Trustee further acknowledges that, prior to or simultaneously with the
execution and delivery of this Assignment, the Sellers delivered to the Trustee the computer file or microfiche list described in Section 2 of this Assignment. 

5. Representations and Warranties of the Sellers. Each of the Sellers hereby represents and warrants to the Trustee, on behalf of the
Trust, as of the date of this Assignment and as of the Addition Date that: 
 (a) Legal Valid and Binding Obligation.
This Assignment constitutes a legal, valid and binding obligation of such Seller enforceable against such Seller in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting creditors’ rights generally from time to time in effect; 
 (b)
Eligibility of Accounts. Each Additional Account designated hereby is an Eligible Account; 
 (c) Insolvency.
As of each of the Additional Cut-off Date and the Addition Date for each of the Additional Accounts designated hereby, no Insolvency Event with respect to any of the Sellers has occurred and the transfer of the Receivables arising in the Additional
Accounts to the Trust has not been made in contemplation of the occurrence thereof; 
 (d) Adverse Effect. The
addition of the Receivables arising in the Additional Accounts will not result in the occurrence of an Amortization Event; 

(e) Security Interest. This Assignment constitutes a valid sale, transfer and assignment to the Trust of all right,
title and interest of such Seller in the Receivables now existing or hereafter created, all monies due or to become due and all amounts received with respect thereto and the “proceeds” thereof (including “proceeds” as defined in
the UCC as in effect in the State of South Dakota [and other applicable states]), or, if this Assignment does not constitute a sale of such property, it constitutes a grant of a first priority perfected “security interest” (as defined in
the UCC as in effect in the State of South Dakota [and other applicable states]) 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 (if required) 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; 

  
 B-3 

 (f) No Conflict. The execution and delivery by such Seller of this
Assignment, the performance of the transactions contemplated by this Assignment and the fulfillment of the terms hereof applicable to such Seller, will not conflict with or violate any Requirements of Law applicable to such Seller 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
such Seller 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 such Seller, threatened against such Seller 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 such Seller, would materially and adversely
affect the performance by such Seller 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 course or other governmental authority
required to be obtained by such Seller in connection with the execution and delivery of this Assignment by such Seller and the performance of the transactions contemplated by this Assignment by such Seller, have been obtained. 

6. Conditions Precedent. The acceptance of the Trustee set forth in Section 4 of this Assignment and the ratification of the
Agreement as supplemented by this Assignment as set forth in Section 7 of this Assignment are subject to the satisfaction, on or prior to the Addition Date, of the following conditions precedent: 

(a) Representations and Warranties. Each of the representations and warranties made by the Sellers in Section 5 of
this Assignment shall be true and correct as of the date of this Assignment and as of the Addition Date. 
 (b)
Agreement. Each of the conditions set forth in Section 2.09(d) of the Agreement applicable to the designation of the Additional Accounts to be designated hereby shall have been satisfied and each of the covenants set forth in
Section 2.09(g) of the Agreement applicable to the designation of Additional Accounts to be designated hereby shall have been fulfilled. 

(c) Additional Information. Each Seller shall have delivered to the Trustee such information as was reasonably requested
by the Trustee to satisfy itself as to the accuracy of the representation and warranty set forth in Section 5(c) of this Assignment. 

  
 B-4 

 7. Ratification of Agreement. As supplemented by this Assignment, the Agreement is in all
respects ratified and confirmed and the Agreement as so supplemented by this Assignment shall be read, taken and construed as one and the same instrument. 

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 SOUTH DAKOTA, INCLUDING SOUTH DAKOTA CODIFIED LAWS TITLE 54, CHAPTER 1, SECTIONS 9 AND 10, 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. 

  
 B-5 

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

			
	CITIBANK, N.A., Seller and Servicer,
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[                                    
    ], Seller,
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DEUTSCHE BANK TRUST COMPANY

	      AMERICAS, Trustee,

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 B-6 

 EXHIBIT C 

FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS 

(As required by Section 2.10 of 

the Pooling and Servicing Agreement) 

REASSIGNMENT No.      OF RECEIVABLES IN REMOVED ACCOUNTS dated as of
            ,         *, by and among CITIBANK, N.A., a national banking association, Seller and Servicer (“Citibank”);
[                    ], an Additional Seller
([”                    ” and, together with Citibank, the “Sellers”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York
banking corporation (the “Trustee”), pursuant to the Pooling and Servicing Agreement referred to below. 
 W I
T N E S S E T H: 
 WHEREAS, the Sellers, the Servicer and the Trustee are parties
to the Third Amended and Restated Pooling and Servicing Agreement dated as of [        ] [    ], 2016 (as amended and supplemented, the “Agreement”); 

WHEREAS, pursuant to the Agreement, the Sellers wish to remove all Receivables from certain designated Accounts of the Sellers (the
“Removed Accounts”) and to cause the Trustee to reconvey all Receivables, if any, in such Removed Accounts, whether now existing or hereafter created, from the Trust to the Sellers (as each such term is defined in the Agreement); and 

WHEREAS, the Trustee, on behalf of the Trust, is willing to accept such designation and to reconvey the Receivables in the Removed Accounts
subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Sellers, the Servicer and the Trustee hereby agree as follows: 

1. Defined Terms. All terms defined in the Agreement and used herein shall have such defined meanings when used herein, unless
otherwise defined herein. In addition, the following terms shall have the following meanings: 
 “Removal Date” shall mean,
with respect to the Removed Accounts designated hereby,             , 20    . 

“Removal Notice Date” shall mean, with respect to the Removed Accounts designated hereby,
            , 20    . 
  

 

	*	To be dated as of the Removal Date. 

 2. Designation of Removed Accounts. Attached as Schedule I hereto is a computer file or
microfiche list containing a true and complete schedule identifying all Accounts the Receivables of which are being removed from the Trust, specifying for each such Account, as of the Removal Notice Date, its account number, the aggregate amount
outstanding in such Account and the aggregate amount of Principal Receivables in such Account, which computer file or microfiche list shall supplement Schedule 1 to the Agreement. 

3. Conveyance of Receivables. (a) The Trustee does hereby transfer, assign, set over and otherwise convey to the Sellers, without
recourse, on and after the Removal Date, all right, title and interest of the Trust in, to and under the Receivables, if any, existing at the close of business on the Removal Date and thereafter created from time to time in the Removed Accounts
designated hereby, all monies due or to become due and all amounts received with respect thereto and all proceeds thereof but excluding all Recoveries relating thereto. 

(b) In connection with such transfer, the Trustee agrees to authorize and deliver to the Sellers on or prior to the date this Reassignment is
delivered, if necessary, a UCC termination statement with respect to the Receivables, if any, existing at the close of business on the Removal Date and thereafter created from time to time in the Removed Accounts designated hereby (which may be a
single termination statement with respect to all such Receivables) evidencing the release by the Trustee on behalf of the Trust of its interest in the Receivables, if any, in the Removed Accounts, and meeting the requirements of applicable state
law, in such manner and such jurisdictions as are necessary to terminate such interest. 
 4. Acceptance by Trustee. The Trustee
hereby acknowledges that, prior to or simultaneously with the execution and delivery of this Reassignment, the Sellers delivered to the Trustee the computer file or microfiche list described in Section 2 of this Reassignment. 

5. Representations and Warranties of the Sellers. Each of the Sellers hereby represents and warrants to the Trustee, on behalf of the
Trust, as of the Removal Date: 
 (a) Legal, Valid and Binding Obligation. This Reassignment constitutes a legal,
valid and binding obligation of such Seller enforceable against such Seller, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting
creditors’ rights generally from time to time in effect; and 
 (b) Adverse Effect. The removal of the
Receivables, if any, existing in the Removed Accounts will not result in the occurrence of an Amortization Event. 
 6. Conditions
Precedent. The ratification of the Agreement as supplemented by this Reassignment as set forth in Section 7 hereof is subject to the satisfaction, on or prior to the Removal Date, of the following conditions precedent: 

Officer’s Certificate. Each of the Sellers shall have delivered to the Trustee an Officer’s Certificate certifying that
(i) as of the Removal Date, all requirements set forth in 

  
 C-2 

 
Section 2.10(a) of the Agreement for designating Removed Accounts and reconveying the Receivables of such Removed Accounts, whether existing at the close of business on the Removal Data or
thereafter created from time to time have been satisfied, (ii) each of the representations and warranties made by the Sellers in Section 5 hereof is true and correct as of the Removal Date. The Trustee may conclusively rely on such
Officer’s Certificates, shall have no duty to make inquiries with regard to the matters set forth therein and shall incur no liability in so relying. 

7. Ratification of Agreement. As supplemented by this Reassignment, the Agreement is in all respects ratified and confirmed and the
Agreement as so supplemented by this Reassignment shall be read, taken and construed as one and the same instrument. 
 8.
Counterparts. This Reassignment 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 REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, 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. 

  
 C-3 

 IN WITNESS WHEREOF, the Sellers, the Servicer and the Trustee have caused this Reassignment to be
duly executed by their respective officers as of the day and year first above written. 
  

			
	CITIBANK, N.A., Seller and Servicer,
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[                                    
    ], Seller,
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS, Trustee,

		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 C-4 

 EXHIBIT D 

FORM OF ANNUAL SERVICER’S CERTIFICATE 

(To be delivered on or before March 31 of 

each calendar year beginning with March 31, 1992, 

pursuant to Section 3.05 of the Pooling and 

Servicing Agreement referred to below) 

CITIBANK, N.A. 
  

 
 CITIBANK CREDIT
CARD MASTER TRUST I 
  
  

The undersigned, a duly authorized representative of Citibank, N.A., as Servicer (“Citibank”), pursuant to the Third Amended and
Restated Pooling and Servicing Agreement dated as of [        ] [    ], 2016 (as amended and supplemented, the “Agreement”) between Citibank, as Seller and Servicer, and Deutsche
Bank Trust Company Americas, as Trustee, does hereby certify that: 
 1. Citibank is, as of the date hereof, the Servicer
under the Agreement. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement. 

2. The undersigned is a Servicing Officer who is duly authorized pursuant to the Agreement to execute and deliver this
Certificate to the Trustee. 
 3. A review of the activities of the Servicer during the calendar year ended December 31,
20     and of its performance under the Agreement was conducted under my supervision. 
 4. Based
on such review, the Servicer has, to the best of my knowledge, performed in all material respects its obligations under the Agreement throughout such year and no default in the performance of such obligations has occurred or is continuing except as
set forth in paragraph 5 below. 
 5. The following is a description of each default in the performance of the
Servicer’s obligations under the provisions of the Agreement known to me to have been made by the Servicer during the year ended December 31, 20    , which description sets forth in detail (i) the nature of
each such default, (ii) the action taken, if any, by the Servicer to remedy each such default and (iii) the current status of each such default: [If applicable, insert “None.”] 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate this
     day of         , 20    . 
  

			
	By:	 	  

	Name:	 	
	Title:	 	Servicing Officer

  
 D-2 

 EXHIBIT E-1 

THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). NEITHER THIS CERTIFICATE NOR
ANY PORTION HEREOF MAY BE OFFERED OR SOLD EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE 1933 ACT AND ANY APPLICABLE PROVISIONS OF ANY STATE BLUE SKY OR SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION
PROVISIONS. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. 

THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF A BENEFIT PLAN (AS DEFINED BELOW). 

 EXHIBIT E-2 

(FORM OF UNDERTAKING LETTER) 

[Date] 
 Deutsche Bank Trust Company Americas, as
Trustee 
 60 Wall Street 
 New York, New York 10005 

Attention: Global Securities Services—Structured Finance Services 

Citibank, N.A. 
 701 East 60th Street, North 

Sioux Falls, South Dakota 57117 
 Citigroup – Corporate Law
Department 
 One Court Square (45th Floor) 
 Long Island City,
New York 11120 
 Citibank, N.A. 
 388 Greenwich Street, 14th
Floor 
 New York, New York 10013 
 Attention: Corporate Agency
and Trust 
  

	 	Re:	Purchase of $        * principal amount of Citibank Credit Card Master Trust I, [    %][Floating Rate] Credit Card Participation Certificates,
Series [                    ] 

Ladies and Gentlemen: 
 In connection with our
purchase of the above-referenced Credit Card Participation Certificates (the “Certificates”) we confirm that: 
 1. we understand
that the Certificates are not being registered under the Securities Act of 1933, as amended (the “1933 Act”), and are being sold to us in a transaction that is exempt from the registration requirements of the 1933 Act; 

2. any information we desire concerning the Certificates or any other matter relevant to our decision to purchase the Certificates is or has
been made available to us; 
  
  

	*	Not less than $250,000 minimum principal amount. 

 3. we have such knowledge and experience in financial and business matters as to be capable of
evaluating the merits and risks of an investment in the Certificates, and we (and any account for which we are purchasing under paragraph (4) below) are able to bear the economic risk of an investment in the Certificates; we (and any account
for which we are purchasing under paragraph (4) below) are an “accredited investor” (as such term is defined in Rule 501(a)(1), (2) or (3) of Regulation D under the 1933 Act); and we are not, and none of such accounts is, an
Employee Benefit Plan; 
 4. we are acquiring the Certificates for our own account or for accounts as to which we exercise sole investment
discretion and not with a view to any distribution of the Certificates, subject, nevertheless, to the understanding that the disposition of our property shall at all times be and remain within our control; 

5. we agree that the Certificates must be held indefinitely by us unless subsequently registered under the 1933 Act or an exemption from any
registration requirements of that Act and any applicable state securities law is available; 
 6. we agree that in the event that at some
future time we wish to dispose of or exchange any of the Certificates (such disposition or exchange not being currently foreseen or contemplated), we will not transfer or exchange any of the Certificates unless: 

(a)(i) the sale is of at least U.S. $250,000 principal amount of Certificates to an Eligible Purchaser (as defined below),
(ii) a letter to substantially the same effect as paragraphs (1), (2), (3), (4), (5) and (6) of this letter is executed promptly by the purchaser and (iii) all offers or solicitations in connection with the sale, whether directly
or through any agent acting on our behalf, are limited only to Eligible Purchasers and are not made by means of any form of general solicitation or general advertising whatsoever; or 

(b) the Certificates are transferred pursuant to Rule 144 under the 1933 Act by us after we have held them for more than three
years; or 
 (c) the Certificates are sold in any other transaction that does not require registration under the 1933 Act
and, if the Sellers, the Servicer, the Trustee or the Transfer Agent and Registrar so requests, we theretofore have furnished to such party an opinion of counsel satisfactory to such party, in form and substance satisfactory to such party, to such
effect; or 
 (d) the Certificates are transferred pursuant to an exception from the registration requirements of the 1933
Act under Rule 144A under the 1933 Act; and 

  
 E-2-2 

 7. we understand that the Certificates will bear a legend to substantially the following effect:

 “THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).
NEITHER THIS CERTIFICATE NOR ANY PORTION HEREOF MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE 1933 ACT AND ANY APPLICABLE PROVISIONS OF ANY STATE BLUE SKY OR SECURITIES LAWS OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH PROVISIONS. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN. 

THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF AN EMPLOYEE BENEFIT PLAN (AS DEFINED BELOW).” 

The first paragraph of this legend may be removed if the Sellers, the Servicer, the Trustee and the Transfer Agent and Registrar have received an opinion of
counsel satisfactory to them, in form and substance satisfactory to them, to the effect that such paragraph may be removed. 

“Eligible Purchaser” means either an Eligible Dealer or a corporation, partnership or other entity which we have reasonable
grounds to believe and do believe can make representations with respect to itself to substantially the same effect as the representations set forth herein. “Eligible Dealer” means any corporation or other entity the principal
business of which is acting as a broker and/or dealer in securities. “Employee Benefit Plan” means any employee benefit plan, trust or account, including an individual retirement account, that is subject to the Employee Retirement
Income Security Act of 1974, as amended, or that is described in Section 4975(e)(1) of the Internal Revenue Code of 1986, as amended, or an entity whose underlying assets include plan assets by reason of a plan’s investment in such entity.
Capitalized terms used but not defined herein shall have the meanings given to such terms in the Third Amended and Restated Pooling and Servicing Agreement dated as of [        ] [     ],
2016, as amended and supplemented, between Citibank, N.A. and Deutsche Bank Trust Company Americas, as trustee. 
  

			
	Very truly yours,
	
	  
 (Name of
Purchaser)

		
	By	 	  

	(Authorized officer)

  
 E-2-3 

 EXHIBIT E-3 

THIS CERTIFICATE MAY NOT BE ACQUIRED BY OR FOR THE ACCOUNT OF A 

BENEFIT PLAN (AS DEFINED BELOW).* 
  

 

	*	The following text should be included in any certificate in which the above legend appears: 

The [Certificates] may not be acquired by or for the account of any employee benefit plan, trust or account, including an individual retirement
account, that is subject to the Employee Retirement Income Security Act of 1974, as amended, or that is described in Section 4975(e)(1) of the Internal Revenue Code of 1986, as amended, or an entity whose underlying assets include plan assets
by reason of a plan’s investment in such entity (a “Benefit Plan”). By accepting and holding this Certificate, the Holder hereof shall be deemed to have represented and warranted that it is not a Benefit Plan. By acquiring any
interest in this Certificate, the applicable Certificate Owner or Owners shall be deemed to have represented and warranted that it or they are not Benefit Plans. 

 EXHIBIT F 

FORM OF RECEIVABLES PURCHASE AGREEMENT 
  

 
 [NAME OF ACCOUNT
OWNER] 
 and 
 [NAME OF
RECEIVABLES PURCHASER] 
  
  

RECEIVABLES PURCHASE AGREEMENT 

Dated as of [            ], 20[     ] 

 
  

							
	TABLE OF CONTENTS	  
			
	 	 	 	  	Page	 
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 Section 1.01.
	 	 Definitions
	  	 	F-1	  
	 Section 1.02.
	 	 Other Definitional Provisions
	  	 	F-3	  
	
	ARTICLE II	  
	
	PURCHASE AND CONVEYANCE OF RECEIVABLES	  
			
	 Section 2.01.
	 	 Purchase
	  	 	F-3	  
	
	ARTICLE III	  
	
	CONSIDERATION AND PAYMENT	  
			
	 Section 3.01.
	 	 Purchase Price
	  	 	F-5	  
	
	ARTICLE IV	  
	
	REPRESENTATIONS AND WARRANTIES	  
			
	 Section 4.01.
	 	 Representations and Warranties of [Short Name of Account Owner] Relating to [Short Name of
Account Owner]
	  	 	F-5	  
	 Section 4.02.
	 	 Representations and Warranties of [Short Name of Account Owner] Relating to the Agreement
and the Receivables
	  	 	F-6	  
	 Section 4.03.
	 	 Representations and Warranties of [Short Name of Receivables Purchaser]
	  	 	F-7	  

  
 1 

							
	 	 	 	  	Page	 
	ARTICLE V	  
	
	COVENANTS	  
			
	 Section 5.01.
	 	 Covenants of [Short Name of Account Owner]
	  	 	F-8	  
	 Section 5.02.
	 	 Covenants of [Short Name of Receivables Purchaser]
	  	 	F-11	  
	
	ARTICLE VI	  
	
	TERM AND PURCHASE TERMINATION	  
			
	 Section 6.01.
	 	 Term
	  	 	F-11	  
	 Section 6.02.
	 	 Purchase Termination
	  	 	F-12	  
	
	ARTICLE VII	  
	
	MISCELLANEOUS PROVISIONS	  
			
	 Section 7.01.
	 	 Amendment
	  	 	F-13	  
	 Section 7.02.
	 	 Governing Law
	  	 	F-13	  
	 Section 7.03.
	 	 Notices
	  	 	F-13	  
	 Section 7.04.
	 	 Severability of Provisions
	  	 	F-14	  
	 Section 7.05.
	 	 Assignment
	  	 	F-14	  
	 Section 7.06.
	 	 Acknowledgment and Agreement of [Short Name of Account Owner]
	  	 	F-14	  
	 Section 7.07.
	 	 Further Assurances
	  	 	F-15	  
	 Section 7.08.
	 	 No Waiver; Cumulative Remedies
	  	 	F-15	  
	 Section 7.09.
	 	 Counterparts
	  	 	F-15	  
	 Section 7.10.
	 	 Binding; Third-Party Beneficiaries
	  	 	F-15	  
	 Section 7.11.
	 	 Merger and Integration
	  	 	F-15	  
	 Section 7.12.
	 	 Headings
	  	 	F-15	  
	 Section 7.13.
	 	 Schedules and Exhibits
	  	 	F-15	  
	 Section 7.14.
	 	 Survival of Representations and Warranties
	  	 	F-16	  

  
 2 

 RECEIVABLES PURCHASE AGREEMENT, dated as of
[            ], 20[    ], by and between [NAME OF RECEIVABLES PURCHASER], a national banking association organized under the laws of the United States of America
(“[Short Name of Receivables Purchaser]”), and [NAME OF ACCOUNT OWNER], a national banking association organized under the laws of the United States of America (“[Short Name of Account Owner]”). 

W I T N E S S E T H: 
 WHEREAS,
[Short Name of Receivables Purchaser] desires to purchase Receivables (hereinafter defined) arising under certain credit card accounts of [Short Name of Account Owner]; 

WHEREAS, it is contemplated that certain of the Receivables purchased hereunder will be transferred by [Short Name of Receivables Purchaser]
to the Master Trust (hereinafter defined) in connection with the issuance of certain asset-backed securities; and 
 WHEREAS, [Short Name of
Account Owner] agrees that all covenants and agreements made by [Short Name of Account Owner] herein with respect to the Designated Accounts (hereinafter defined) and Receivables, to the extent such Designated Accounts and Receivables therein have
been designated for the Master Trust, shall also be for the benefit of the Master Trust Trustee (hereinafter defined) and all beneficiaries of the Master Trust, including holders of the Certificates. 

NOW, THEREFORE, it is hereby agreed by and between [Short Name of Account Owner] and [Short Name of Receivables Purchaser] as follows: 

ARTICLE I 

DEFINITIONS 

Section 1.01. Definitions. Capitalized words and phrases used herein or in any certificate or document, or Conveyance Paper made
or delivered pursuant hereto, and not otherwise defined herein or therein, shall have the meaning ascribed thereto in the Pooling and Servicing Agreement; in addition, the following words and phrases shall have the following meanings: 

“Agreement” shall mean this Receivables Purchase Agreement and all amendments hereof and supplements hereto. 

“Appointment Date” shall have the meaning set forth in Section 6.02. 

“Certificateholder” shall have the meaning set forth in the Pooling and Servicing Agreement. 

  
 F-1 

 “Citibank” shall mean Citibank, N.A., a national banking association organized
under the laws of the United States of America, its successors and permitted assigns. 
 “Closing Date” shall mean
[            ], 20[    ]. 
 “Conveyance”
shall have the meaning set forth in subsection 2.01(a). 
 “Conveyance Papers” shall have the meaning set forth in
Section 4.01(c). 
 “Designated Accounts” shall mean each
MasterCard®, VISA® and American Express® account established pursuant to a
Credit Card Agreement between [Short Name of Account Owner] and any person, which account is designated in Annex I to this Agreement or otherwise agreed (whether by microfiche, computer file or otherwise) between [Short Name of Receivables
Purchaser] and [Short Name of Account Owner] as being subject to this Agreement. 
 “Dissolution Event” shall have the
meaning set forth in Section 6.02. 
 “Due Period” shall have the meaning set forth in the Pooling and Servicing
Agreement. 
 “Finance Charge Receivables” shall mean all Receivables in the Designated Accounts which would be treated as
“Finance Charge Receivables” in accordance with the definition for such term in the Pooling and Servicing Agreement. 

“Interchange” shall mean interchange fees payable to [Short Name of Account Owner] in its capacity as credit card issuer,
through MasterCard, VISA or American Express in connection with cardholder charges for goods and services. 
 “Master
Trust” shall mean Citibank Credit Card Master Trust I created by the Pooling and Servicing Agreement. 
 “Master Trust
Trustee” shall mean Deutsche Bank Trust Company Americas, a New York banking corporation, the institution executing the Pooling and Servicing Agreement as, and acting in the capacity of, trustee thereunder, or its successor in interest, or
any successor trustee appointed as provided in the Pooling and Servicing Agreement. 
 “Obligor” shall mean, with respect
to each Designated Account, each person that would be treated as an “Obligor” in accordance with the definition for such term in the Pooling and Servicing Agreement. 

“Pooling and Servicing Agreement” shall mean the Third Amended and Restated Pooling and Servicing Agreement, dated as of
[        ] [    ], 2016, between Citibank, as Seller and Servicer, and the Master Trust Trustee, as amended to the date hereof and as such agreement may be amended from time to time
hereafter. 
 “Principal Receivables” shall mean all Receivables in the Designated Accounts which would be treated as
“Principal Receivables” in accordance with the definition for such term in the Pooling and Servicing Agreement. 

  
 F-2 

 “Purchase Price” shall have the meaning set forth in Section 3.01. 

“Purchased Assets” shall have the meaning set forth in subsection 2.01(a). 

“Receivables” shall mean all amounts shown on the Servicer’s records as amounts payable by Obligors on any Designated
Account from time to time. 
 “Recoveries” shall have the meaning set forth in the Pooling and Servicing Agreement except
that references in such definition (or in defined terms related to such definition) to “Receivables” shall mean “Receivables” as defined in this Agreement. 

“Servicer” shall mean the Servicer from time to time under the Pooling and Servicing Agreement. 

“[Short Name of Account Owner]” shall mean [Name of Account Owner], a national banking association organized under the laws
of the United States of America, and its successors and permitted assigns. 
 “[Short Name of Receivables Purchaser]” shall
mean [Name of Receivables Purchaser], a national banking association organized under the laws of the United States of America, and its successors and permitted assigns. 

Section 1.02. Other Definitional Provisions. 

(a) All terms defined in this Agreement shall have the defined meanings when used in any certificate, other document, or made or delivered
pursuant hereto unless otherwise defined therein. 
 (b) The words “hereof”, “herein” and “hereunder” and
words of similar import when used in this Agreement or any Conveyance Paper shall refer to this Agreement as a whole and not to any particular provision of this Agreement; and Section, Subsection, Schedule and Exhibit references contained in this
Agreement are references to Sections, Subsections, Schedules and Exhibits in or to this Agreement unless otherwise specified. 
 ARTICLE
II 
 PURCHASE AND CONVEYANCE OF RECEIVABLES 

Section 2.01. Purchase. 

(a) By execution of this Agreement, [Short Name of Account Owner] does hereby sell, transfer, assign, set over and otherwise convey to [Short
Name of Receivables Purchaser] (collectively, the “Conveyance”), without recourse except as provided herein, all its right, title and interest in, to and under the Receivables existing on the date hereof and hereafter created from time to
time until the termination of this Agreement pursuant to Article VI hereof and all monies due and or to become due and all amounts received with respect thereto and all proceeds (including, without limitation, “proceeds” as defined in the
UCC) thereof and the right to receive Interchange and Recoveries with respect to such Receivables (the “Purchased Assets”). 

  
 F-3 

 (b) In connection with such Conveyance, [Short Name of Account Owner] agrees (i) to record
and file, at its own expense, any financing statements (and continuation statements with respect to such financing statements when applicable) with respect to the Receivables, meeting the requirements of applicable state law in such manner and in
such jurisdictions as are necessary to perfect, and maintain perfection of, the Conveyance of such Purchased Assets from [Short Name of Account Owner] to [Short Name of Receivables Purchaser], (ii) that such financing statements shall name
[Short Name of Account Owner], as seller, and [Short Name of Receivables Purchaser], as purchaser, of the Receivables and (iii) to deliver a file-stamped copy of such financing statements or other evidence of such filings (excluding such
continuation statements, which shall be delivered as filed) to [Short Name of Receivables Purchaser] (or to the Master Trust Trustee, if [Short Name of Receivables Purchaser] so directs) as soon as is practicable after filing. [Short Name of Account
Owner] also authorizes [Short Name of Receivables Purchaser] to record and file any of such financing statements and continuation statements. 

(c) In connection with such Conveyance, [Short Name of Account Owner] and [Short Name of Receivables Purchaser] further agree that they will,
at their own expense, on or before the Closing Date, indicate in their computer files or microfiche lists that the Receivables created in connection with the Designated Accounts have been conveyed to [Short Name of Receivables Purchaser] in
accordance with this Agreement. 
 (d) The parties hereto intend that the conveyance of [Short Name of Account Owner]’s right, title
and interest in and to the Receivables shall constitute a sale, conveying good title free and clear of any liens, claims, encumbrances or rights of others from [Short Name of Account Owner] to [Short Name of Receivables Purchaser] and that the
Receivables shall not be part of [Short Name of Account Owner]’s estate in the event of the insolvency of [Short Name of Account Owner] or a conservatorship, receivership or similar event with respect to [Short Name of Account Owner]. It is the
intention of the parties hereto that the arrangements with respect to the Receivables shall constitute a purchase and sale of such Receivables and not a loan. If, however, it were to be determined that the transactions evidenced hereby constitute a
loan and not a purchase and sale, it is the intention of the parties hereto that this Agreement shall constitute a security agreement under applicable law, and that [Short Name of Account Owner] shall be deemed to have granted to [Short Name of
Receivables Purchaser] a first priority perfected security interest in all of [Short Name of Account Owner]’s right, title and interest, whether now owned or hereafter acquired, in, to and under the Receivables and other Purchased Assets. 

  
 F-4 

 ARTICLE III 

CONSIDERATION AND PAYMENT 

Section 3.01. Purchase Price. The “Purchase Price” for the Receivables will be
[                    ]. 
 ARTICLE IV

 REPRESENTATIONS AND WARRANTIES 

Section 4.01. Representations and Warranties of [Short Name of Account Owner] Relating to [Short Name of Account Owner]. [Short
Name of Account Owner] hereby represents and warrants to, and agrees with, [Short Name of Receivables Purchaser] as of the Closing Date, that: 

(a) Organization and Good Standing; Affiliate. [Short Name of Account Owner] is a national banking association duly organized and
validly existing in good standing under the laws of the United States of America and has, in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and such business is
presently conducted, and to execute, deliver and perform its obligations under this Agreement. [Short Name of Account Owner] is an Affiliate of [Short Name of Receivables Purchaser] within the meaning of the Pooling and Servicing Agreement. 

(b) Due Qualification. [Short Name of Account Owner] is duly qualified to do business and is in good standing as a foreign corporation
(or is exempt from such requirements) and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would (i) render any credit card agreement relating to a
Designated Account or any Receivable unenforceable by [Short Name of Account Owner], [Short Name of Receivables Purchaser] or the Master Trust or (ii) have a material adverse effect on [Short Name of Receivables Purchaser] or the
Certificateholders. 
 (c) Due Authorization. The execution, delivery and performance of this Agreement and each other document or
instrument delivered pursuant hereto, if any (such other documents or instruments, collectively, the “Conveyance Papers”) and the consummation of the transactions provided for in this Agreement and the Conveyance Papers have been duly
authorized by [Short Name of Account Owner] by all necessary corporate action on the part of [Short Name of Account Owner]. 
 (d) No
Conflict. The execution and delivery of this Agreement and the Conveyance Papers by [Short Name of Account Owner], the performance of the transactions contemplated by this Agreement and the Conveyance Papers, and the fulfillment of the terms of
this Agreement and the Conveyance Papers applicable to [Short Name of Account Owner] will not conflict with, violate or result in any breach of any of the material teams 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 [Short Name of Account Owner] is a party or by which it or any of its properties are bound. 

  
 F-5 

 (e) No Violation. The execution, delivery and performance of this Agreement and the
Conveyance Papers by [Short Name of Account Owner] and the fulfillment of the terms contemplated herein and therein applicable to [Short Name of Account Owner] will not conflict with or violate any Requirements of Law applicable to [Short Name of
Account Owner]. 
 (f) No Proceedings. There are no proceedings or investigations pending or, to the best knowledge of [Short Name of
Account Owner], threatened against [Short Name of Account Owner], before any Governmental Authority (i) asserting the invalidity of this Agreement or the Conveyance Papers, (ii) seeking to prevent the consummation of any of the
transactions contemplated by this Agreement or the Conveyance Papers, (iii) seeking any determination or ruling that, in the reasonable judgment of [Short Name of Account Owner], would materially and adversely affect the performance by [Short
Name of Account Owner] of its obligations under this Agreement or the Conveyance Papers or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Agreement or the Conveyance
Papers. 
 (g) All Consents. All authorizations, consents, orders or approvals of or registrations or declarations with any
Governmental Authority required to be obtained, effected or given by [Short Name of Account Owner] in connection with the execution and delivery by [Short Name of Account Owner] of this Agreement and the Conveyance Papers and the performance of the
transactions contemplated by this Agreement and the Conveyance Papers by [Short Name of Account Owner] have been duly obtained, effected or given and are in full force and effect. 

(h) No Adverse Selection. No selection procedures believed by [Short Name of Account Owner] to be adverse to the interests of [Short
Name of Receivables Purchaser] or the Investor Certificateholders have been used in selecting the Designated Accounts. 
 Upon discovery by
either [Short Name of Account Owner] or [Short Name of Receivables Purchaser] of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give written notice to the other party and the Master Trust
Trustee within three Business Days following such discovery. 
 Section 4.02. Representations and Warranties of [Short Name of
Account Owner] Relating to the Agreement and the Receivables. 
 (a) Representations and Warranties. [Short Name of Account
Owner] hereby represents and warrants to [Short Name of Receivables Purchaser] as of the date of this Agreement and as of the Closing Date, that: 

(i) this Agreement and any Conveyance Paper each constitutes a legal, valid and binding obligation of [Short Name of Account Owner] enforceable
against [Short Name of Account Owner] in accordance with its terms, except as such enforceability may be limited by applicable conservatorship, receivership, insolvency, reorganization, moratorium or other similar laws affecting creditors’
rights generally and national banking associations in particular from time to time in effect or general principles of equity; 

  
 F-6 

 (ii) each Receivable has been conveyed to [Short Name of Receivables Purchaser] free and clear of
any Lien on such Receivable; 
 (iii) all authorizations, consents, orders or approvals of or registrations or declarations with any
Governmental Authority required to be obtained, effected or given by [Short Name of Account Owner] in connection with the conveyance of Receivables to [Short Name of Receivables Purchaser] have been duly obtained, effected or given and are in full
force and effect; and 
 (iv) this Agreement constitutes a valid sale, transfer and assignment to [Short Name of Receivables Purchaser] of
all right, title and interest of [Short Name of Account Owner] in the Receivables and the proceeds thereof and the Interchange payable pursuant to this Agreement and the Recoveries payable pursuant to this Agreement, or, if this Agreement does not
constitute a sale of such property, it constitutes a grant of a first priority perfected “security interest” (as defined in the UCC) in such property to [Short Name of Receivables Purchaser], which, in the case of existing Receivables and
the proceeds thereof and said Interchange, is enforceable upon execution and delivery of this Agreement 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 and, in the case of Receivables hereafter created and the proceeds thereof, upon the creation thereof, [Short Name of Receivables Purchaser] shall have a first priority perfected security or ownership interest in such
property and proceeds. 
 (b) Notice of Breach. Upon discovery by either [Short Name of Account Owner] or [Short Name of Receivables
Purchaser] of a breach of any of the representations and warranties set forth in this Section 4.02, the party discovering such breach shall give written notice to the other party and the Master Trust Trustee within three Business Days following
such discovery; provided that the failure to give notice within three Business Days does not preclude subsequent notice. [Short Name of Account Owner] hereby acknowledges that [Short Name of Receivables Purchaser] intends to rely on the
representations hereunder in connection with representations made by [Short Name of Receivables Purchaser] to secured parties, assignees or subsequent transferees including but not limited to transfers made by [Short Name of Receivables Purchaser]
to the Master Trust pursuant to the Pooling and Servicing Agreement. 
 Section 4.03. Representations and Warranties of [Short Name
of Receivables Purchaser]. As of the Closing Date, [Short Name of Receivables Purchaser] hereby represents and warrants to, and agrees with, [Short Name of Account Owner] that: 

(a) Organization and Good Standing; Affiliate. [Short Name of Receivables Purchaser] is a national banking association duly organized
and validly existing under the laws of the United States of America and has, in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and such business is presently
conducted and to execute, deliver and perform its obligations under this Agreement. [Short Name of Receivables Purchaser] is an Affiliate of [Short Name of Account Owner] within the meaning of the Pooling and Servicing Agreement. 

(b) Due Authorization. The execution and delivery of this Agreement and the Conveyance Papers and the consummation of the transactions
provided for in this Agreement and the Conveyance Papers have been duly authorized by [Short Name of Receivables Purchaser] by all necessary corporate action on the part of [Short Name of Receivables Purchaser]. 

  
 F-7 

 (c) No Conflict. The execution and delivery of this Agreement and the Conveyance Papers by
[Short Name of Receivables Purchaser], the performance of the transactions contemplated by this Agreement and the Conveyance Papers, and the fulfillment of the terms of this Agreement and the Conveyance Papers applicable to [Short Name of
Receivables Purchaser], will not 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 [Short Name of Receivables Purchaser] is a party or by which it or any of its properties are bound. 

(d) No Violation. The execution, delivery and performance of this Agreement and the Conveyance Papers by [Short Name of Receivables
Purchaser] and the fulfillment of the terms contemplated herein and therein applicable to [Short Name of Receivables Purchaser] will not conflict with or violate any Requirements of Law applicable to [Short Name of Receivables Purchaser]. 

(e) No Proceedings. There are no proceedings or investigations pending or, to the best knowledge of [Short Name of Receivables
Purchaser], threatened against [Short Name of Receivables Purchaser], before any court, regulatory body, administrative agency, or other tribunal or Governmental Authority (i) asserting the invalidity of this Agreement or the Conveyance Papers,
(ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or the Conveyance Papers, (iii) seeking any determination or ruling that, in the reasonable judgment of [Short Name of Receivables
Purchaser], would materially and adversely affect the performance by [Short Name of Receivables Purchaser] of its obligations under this Agreement or the Conveyance Papers or (iv) seeking any determination or ruling that would materially and
adversely affect the validity or enforceability of this Agreement or the Conveyance Papers. 
 (f) All Consents. All authorizations,
consents, orders or approvals of or registrations or declarations with any Governmental Authority required to be obtained, effected or given by [Short Name of Receivables Purchaser] in connection with the execution and delivery by [Short Name of
Receivables Purchaser] of this Agreement and the Conveyance Papers and the performance of the transactions contemplated by this Agreement and the Conveyance Papers have been duly obtained, effected or given and are in full force and effect. 

Upon discovery by [Short Name of Receivables Purchaser] or [Short Name of Account Owner] of a breach of any of the foregoing representations
and warranties, the party discovering such breach shall give prompt written notice to the other party. 
 ARTICLE V 

COVENANTS 

Section 5.01. Covenants of [Short Name of Account Owner]. [Short Name of Account Owner] hereby covenants and agrees with [Short
Name of Receivables Purchaser] as follows: 
 (a) Receivables Not To Be Evidenced by Promissory Notes. Except in connection with its
enforcement or collection of a Designated Account, [Short Name of Account Owner] will take no action to cause any Receivable to be evidenced by any instrument (as defined in the UCC). 

  
 F-8 

 (b) Security Interests. Except for the conveyances hereunder, [Short Name of Account
Owner] will not sell, pledge, assign or transfer to any other Person, or take any other action inconsistent with [Short Name of Receivables Purchaser]’s ownership of the Receivables and the other Purchased Assets or grant, create, incur, assume
or suffer to exist any Lien on, any Receivable, whether now existing or hereafter created, or any interest therein, and [Short Name of Account Owner] shall not claim any ownership interest in the Receivables and shall defend the right, title and
interest of [Short Name of Receivables Purchaser] in, to and under the Receivables and the other Purchased Assets, whether now existing or hereafter created, against all claims of third parties claiming through or under [Short Name of Account
Owner]. 
 (c) Designated Account Allocations. If [Short Name of Account Owner] is unable for any reason to transfer the Receivables
to [Short Name of Receivables Purchaser] in accordance with the provisions of this Agreement (including, without limitation, by reason of the application of the provisions of Section 6.02 or any order of any Governmental Authority), then, in
any such event, [Short Name of Account Owner] agrees (except as prohibited by any such order) to allocate and pay to [Short Name of Receivables Purchaser], after the date of such inability, all collections with respect to the Receivables, including
collections in respect of the Receivables transferred to [Short Name of Receivables Purchaser] before the occurrence of such event, and all amounts which would have constituted such collections but for [Short Name of Account Owner]’s inability
to transfer Receivables (up to an aggregate amount equal to the amount of the outstanding Receivables transferred to [Short Name of Receivables Purchaser] on or before such date). For the purpose of the immediately preceding sentence, [Short Name of
Receivables Purchaser] and [Short Name of Account Owner] shall treat the first received of such collections with respect to the Designated Accounts as allocable to [Short Name of Receivables Purchaser] until [Short Name of Receivables Purchaser]
shall have been allocated and paid collections in an amount equal to the aggregate amount of the Principal Receivables as of the date of the occurrence of such event. If [Short Name of Account Owner] and [Short Name of Receivables Purchaser] are
unable pursuant to any Requirements of Law to allocate such collections as described above, [Short Name of Account Owner] and [Short Name of Receivables Purchaser] agree that, after the occurrence of such event, payments on each Designated Account
with respect to the principal balance of such Designated Account shall be allocated first to the oldest principal balance of such Designated Account and shall have such payments applied as collections in respect thereof in accordance with the terms
of this Agreement. The parties hereto agree that Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables which have been conveyed to [Short Name of Receivables Purchaser] shall continue to be property of [Short Name
of Receivables Purchaser] notwithstanding any cessation of the transfer of additional Principal Receivables to [Short Name of Receivables Purchaser] and collections with respect thereto shall continue to be allocated and paid in accordance with this
Agreement. 
 (d) Delivery of Collections or Recoveries. If [Short Name of Account Owner] receives collections of Receivables or
Recoveries, [Short Name of Account Owner] agrees to pay to [Short Name of Receivables Purchaser] all such collections of Receivables and Recoveries as soon as practicable after receipt thereof. 

  
 F-9 

 (e) Notice of Liens. [Short Name of Account Owner] shall notify [Short Name of Receivables
Purchaser] promptly after becoming aware of any Lien on any Receivable other than the conveyances hereunder or under the Pooling and Servicing Agreement. 

(f) Documentation of Transfer. [Short Name of Account Owner] shall undertake to file the documents which would be necessary to perfect
and maintain the transfer of the security interest in and to the Purchased Assets. 
 (g) Periodic Rate Finance Charges.
(i) Except (x) as otherwise required by any Requirements of Law or (y) as is deemed by [Short Name of Account Owner] to be necessary in order for it to maintain its credit card business on a competitive basis based on a good faith
assessment by it of the nature of the competition with respect to the credit card business, and only if the change giving rise to such reduction is made applicable to the comparable segment of revolving credit card accounts owned or serviced by it
which have characteristics similar to the Designated Accounts which are the subject of such change, it shall not at any time permit the Portfolio Yield to be less than the Average Rate. (ii) Except as otherwise required by any Requirements of
Law, (A) it shall not permit the Portfolio Yield to be less than the highest Certificate Rate for any outstanding Series or Class, and (B) if the amount of surplus finance charge collections for any Group averaged over any three
consecutive Due Periods is not equal to or greater than the required surplus finance charge amount for such Group for the last of such three consecutive Due Periods, it will not reduce the Periodic Rate Finance Charge applicable to any Designated
Account to a rate that would result in the weighted average of the Periodic Rate Finance Charges applicable to all the Designated Accounts as of the last day of any Due Period being less than the sum of the weighted average of the Certificate Rates
of each outstanding Series as of such last day and 6%. 
 (h) Credit Card Agreements and Guidelines. Subject to compliance with all
Requirements of Law and paragraph (g) above, [Short Name of Account Owner] may change the terms and provisions of the applicable Credit Card Agreements or the applicable Credit Card Guidelines in any respect (including the calculation of the
amount or the timing of charge-offs and the Periodic Rate Finance Charges to be assessed thereon) only if such change is made applicable to the comparable segment of revolving credit card accounts owned or serviced by it which have the same or
substantially similar characteristics as the Designated Accounts which are the subject of such change. Notwithstanding the above, unless required by Requirements of Law or as permitted by Section 5.01(g), [Short Name of Account Owner] will take
no action with respect to the applicable Credit Card Agreements or the applicable Credit Card Guidelines, which, at the time of such action [Short Name of Account Owner] reasonably believes will have a material adverse effect on [Short Name of
Receivables Purchaser] or the Certificateholders. 
 (i) Official Records. [Short Name of Account Owner] shall maintain this
Agreement as a part of its official records. 
 (j) MasterCard, VISA [and American Express]. [Short Name of Account Owner] shall use
its best efforts to remain, either directly or indirectly, a member in good standing of the MasterCard System, the VISA System[, the American Express System] and any other similar entity’s or organization’s system relating to any other
type of revolving credit card accounts included as Designated Accounts. 

  
 F-10 

 (k) Pooling and Servicing Agreement Covenants. [Short Name of Account Owner] agrees to be
bound by each covenant applicable to an “Account Owner” set forth in the Pooling and Servicing Agreement. 
 Section 5.02.
Covenants of [Short Name of Receivables Purchaser]. [Short Name of Receivables Purchaser] hereby covenants and agrees with [Short Name of Account Owner] as follows: 

(a) [Short Name of Receivables Purchaser] will provide [Short Name of Account Owner] with such information as [Short Name of Account Owner]
may reasonably request to enable [Short Name of Account Owner] to determine compliance with the covenants contained in Section 5.01. 

(b) [Short Name of Receivables Purchaser], as Servicer under the Pooling and Servicing Agreement, will act as Servicer with respect to the
Designated Accounts with the same standard of care as it does with respect to Accounts with respect to which it is the Account Owner. 

ARTICLE VI 
 TERM AND
PURCHASE TERMINATION 
 Section 6.01. Term. This Agreement shall commence as of the date of execution and delivery hereof
and shall continue until the termination of the Master Trust as provided in Article XII of the Pooling and Servicing Agreement. 

  
 F-11 

 Section 6.02. Purchase Termination. If [Short Name of Account Owner] voluntarily goes
into liquidation or consents to the appointment of a conservator, receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceeding of or relating to [Short Name of Account Owner] or of or
relating to all or substantially all its property, or a decree or order of a court or agency or supervisory authority having jurisdiction in the premises for the appointment of a conservator, receiver or liquidator in any insolvency, readjustment of
debt, marshalling of assets and liabilities or similar proceeding, or for the winding-up or liquidation of its affairs, shall have been entered against [Short Name of Account Owner]; or [Short Name of Account Owner] shall admit in writing its
inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations
(such voluntary liquidation, appointment, entering of such decree, admission, filing, making or suspension, a “Dissolution Event”), [Short Name of Account Owner] shall on the day of such appointment, voluntary liquidation, entering of such
decree, admission, filing, making or suspension, as the case my be (the “Appointment Date”), immediately cease to transfer the Principal Receivables to [Short Name of Receivables Purchaser] and shall promptly give notice to [Short Name of
Receivables Purchaser] and the Master Trust Trustee of such Dissolution Event. Notwithstanding any cessation of the transfer to [Short Name of Receivables Purchaser] of additional Principal Receivables, Principal Receivables transferred to [Short
Name of Receivables Purchaser] before the occurrence of such Dissolution Event and collections in respect of such Principal Receivables and Finance Charge Receivables whenever created, accrued in respect of such Principal Receivables, shall continue
to be property of [Short Name of Receivables Purchaser] available for transfer by [Short Name of Receivables Purchaser] to the Master Trust pursuant to the Pooling and Servicing Agreement. 

  
 F-12 

 ARTICLE VII 

MISCELLANEOUS PROVISIONS 

Section 7.01. Amendment. This Agreement and any Conveyance Papers and the rights and obligations of the parties hereunder may not
be changed orally, but only by an instrument in writing signed by [Short Name of Account Owner] and [Short Name of Receivables Purchaser] in accordance with this Section 7.01. This Agreement and any Conveyance Papers may be amended from time to
time by [Short Name of Account Owner] and [Short Name of Receivables Purchaser] (i) to cure any ambiguity, (ii) to correct or supplement any provisions herein which may be inconsistent with any other provisions herein or in any such other
Conveyance Papers, (iii) to add any other provisions with respect to matters or questions arising under this Agreement or any Conveyance Papers which shall not be inconsistent with the provisions of this Agreement or any Conveyance Papers,
(iv) to change, modify, delete or add any other obligation of [Short Name of Receivables Purchaser] or [Short Name of Account Owner]; provided, however, that no amendment pursuant to clause (iv) of this Section 7.01
shall be effective unless [Short Name of Receivables Purchaser] has been notified in writing that the Rating Agency Condition has been satisfied with respect thereto and [Short Name of Receivables Purchaser] has provided an officer’s
certificate to the Master Trust Trustee to the effect that [Short Name of Receivables Purchaser] reasonably believes that such amendment will not have an Adverse Effect; provided, further, that such action shall not (as evidenced by an
Opinion of Counsel delivered to the Master Trust Trustee) adversely affect in any material respect the interests of the Master Trust Trustee or the Certificateholders, unless the Master Trust Trustee shall consent thereto. A copy of any amendment to
this Agreement shall be sent to the Rating Agency. 
 Section 7.02. Governing Law. THIS AGREEMENT AND THE CONVEYANCE PAPERS
SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

 Section 7.03. Notices. All demands, notices and communications hereunder shall be in writing and shall be deemed to have been
duly given if personally delivered at or mailed by registered mail, return receipt requested, to 
 (a) in the case of [Short Name of
Receivables Purchaser], 
 [Name of Receivables Purchaser] 

[Address] 
 [City, State ZIP]

 Attention: 
 Telecopy: 

  
 F-13 

 (b) in the case of [Short Name of Account Owner], 

[Name of Account Seller] 

[Address] 
 [City, State ZIP]

 Attention: 
 Telecopy: 

(c) in the case of the Master Trust Trustee, 

Deutsche Bank Trust Company Americas 

60 Wall Street 
 New York, New
York 10005 
 Attention: Global Securities Services 

                 — Structured Finance Services 

Telecopy: 212-553-2460 
 or, as to each party,
at such other address as shall be designated by such party in a written notice to each other party. 
 Section 7.04. Severability of
Provisions. If any one or more of the covenants, agreements, provisions or terms of this Agreement or any Conveyance Paper shall for any reason whatsoever be held invalid, then such covenants, agreements, provisions, or terms shall be deemed
severable from the remaining covenants, agreements, provisions, and terms of this Agreement or any Conveyance Paper and shall in no way affect the validity or enforceability of the other provisions of this Agreement or of any Conveyance Paper. 

Section 7.05. Assignment. Notwithstanding anything to the contrary contained herein, other than any assignment of all or any
portion of [Short Name of Receivables Purchaser]’s rights, title, and interests in, to, and under this Agreement to the Master Trust Trustee for the benefit of the beneficiaries of the Master Trust including the Certificateholders as
contemplated by the Pooling and Servicing Agreement and Section 7.06, this Agreement and all other Conveyance Papers may not be assigned by the parties hereto; provided, however, that [Short Name of Receivables Purchaser] shall
have the right to assign its rights, title and interests in, to and under this Agreement to (i) any successor by merger assuming this Agreement, (ii) to any affiliate owned directly or indirectly by Citigroup Inc. which assumes the
obligations of this Agreement or (iii) to any entity provided that the Rating Agency has advised [Short Name of Receivables Purchaser] that the Rating Agency Condition has been satisfied with respect thereto. 

Section 7.06. Acknowledgment and Agreement of [Short Name of Account Owner]. By execution below, [Short Name of Account Owner]
expressly acknowledges and agrees that all or any portion of [Short Name of Receivables Purchaser]’s right, title, and interest in, to, and under this Agreement, including, without limitation, all or any portion of [Short Name of Receivables
Purchaser]’s right, title, and interest in and to the Receivables purchased pursuant to this Agreement, may be assigned by [Short Name of Receivables Purchaser] to the Master Trust Trustee for the benefit of the Master Trust, including the
Certificateholders, and [Short Name of Account Owner] consents to such assignment. [Short Name of Account Owner] further agrees that notwithstanding any claim, counterclaim, right of setoff or defense which it may have against [Short Name of
Receivables Purchaser], due to a breach by [Short Name of Receivables Purchaser] of this Agreement or for any other reason, and notwithstanding the bankruptcy of [Short Name of Receivables Purchaser] or any other event whatsoever, [Short Name of
Account 

  
 F-14 

 
Owner]’s sole remedy shall be a claim against [Short Name of Receivables Purchaser] for money damages and in no event shall [Short Name of Account Owner] assert any claim on or any interest
in the Receivables and the other Purchased Assets or any proceeds thereof or take any action which would reduce or delay receipt by Certificateholders of collections with respect to the Receivables and the other Purchased Assets. 

Section 7.07. Further Assurances. [Short Name of Account Owner] and [Short Name of Receivables Purchaser] agree to do and perform,
from time to time, any and all acts and to execute any and all further instruments required or reasonably requested by the other party or the Master Trust Trustee more fully to effect the purposes of this Agreement, the Conveyance Papers and the
Pooling and Servicing Agreement including, without limitation, the execution of any financing statements or continuation statements or equivalent documents relating to the Receivables for filing under the provisions of the UCC or other law of any
applicable jurisdiction and prompt notification to the other party of any change of the principal executive office of either party. 

Section 7.08. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of [Short Name of
Account Owner] or [Short Name of Receivables Purchaser], any right, remedy, power or privilege hereunder, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any
other or further exercise thereof or the exercise of any other right, remedy, power or privilege. Subject to Section 7.06, the rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies,
powers and privileges provided by law. 
 Section 7.09. Counterparts. This Agreement and all Conveyance Papers 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 together shall constitute one and the same instrument. 

Section 7.10. Binding; Third-Party Beneficiaries. This Agreement and the Conveyance Papers will inure to the benefit of and be
binding upon the parties hereto and their respective successors and permitted assigns. The Master Trust Trustee is a third-party beneficiary of this Agreement. 

Section 7.11. Merger and Integration. Except as specifically stated otherwise herein, this Agreement and the Conveyance Papers set
forth the entire understanding of the parties relating to the subject matter hereof, and all prior understandings, written or oral, are superseded by this Agreement and the Conveyance Papers. This Agreement and the Conveyance Papers may not be
modified, amended, waived or supplemented except as provided herein. 
 Section 7.12. Headings. The headings are for purposes of
reference only and shall not otherwise affect the meaning or interpretation of any provision hereof. 
 Section 7.13. Schedules and
Exhibits. The schedules and exhibits attached hereto and referred to herein shall constitute a part of this Agreement and are incorporated into this Agreement for all purposes. 

  
 F-15 

 Section 7.14. Survival of Representations and Warranties. All representations,
warranties and agreements contained in this Agreement, shall remain operative and in full force and effect and shall survive conveyance of the Receivables by [Short Name of Account Owner] to [Short Name of Receivables Purchaser] and by [Short Name
of Receivables Purchaser] to the Master Trust Trustee pursuant to the Pooling and Servicing Agreement. 

  
 F-16 

 IN WITNESS WHEREOF, [Short Name of Account Owner] and [Short Name of Receivables Purchaser] have
caused this Receivables Purchase Agreement to be duly executed by their respective officers as of the day and year first above written. 
  

			
	[NAME OF RECEIVABLES PURCHASER]
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	[NAME OF ACCOUNT OWNER]
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 F-17 

 ANNEX I 

DESIGNATED ACCOUNTS 

[Intentionally Omitted] 

 EXHIBIT G-1 

[FORM OF CLEARANCE SYSTEM CERTIFICATE TO BE GIVEN TO THE TRUSTEE 

BY EUROCLEAR OR CLEARSTREAM BANKING FOR DELIVERY OF 

DEFINITIVE CERTIFICATES IN EXCHANGE FOR A PORTION OF 

A TEMPORARY GLOBAL SECURITY] 

CITIBANK CREDIT CARD MASTER TRUST I, 

[    ]% Credit Card Participation Certificates, Series
[                    ] 
 [Insert
title or sufficient description of Certificates to be delivered] 
 We refer to that portion of the temporary Global Certificate in respect
of the above-captioned issue which is herewith submitted to be exchanged for definitive Certificates (the “Submitted Portion”) as provided in the Third Amended and Restated Pooling and Servicing Agreement dated as of
[        ] [    ], 2016 (as amended and supplemented, the “Agreement”) in respect of such issue. This is to certify that (i) we have received a certificate or certificates,
in writing, with respect to each of the persons appearing in our records as being entitled to a beneficial interest in the Submitted Portion and with respect to such person’s beneficial interest, substantially in the form of Exhibit G-2 to the
Agreement, and (ii) the Submitted Portion includes no part of the temporary Global Certificate excepted in such certificates. 
 We
further certify that as of the date hereof we have not received any notification from any of the persons giving such certificates to the effect that the statements made by them with respect to any part of the Submitted Portion are no longer true and
cannot be relied on as of the date hereof. 
 We understand that this certificate is required in connection with certain securities and tax
laws in the United States of America. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to
any interested party in such proceedings. 
  

							
	Dated:             , 20    *	 		 	[EUROCLEAR BANK S.A./N.V, AS OPERATOR OF THE EUROCLEAR SYSTEM]
		 		 	[CLEARSTREAM BANKING, SOCIÉTÉ ANONYME]**
				
		 		 	by	 	  

  
  

	*	To be dated on the Exchange Date. 

	**	Delete the inappropriate reference. 

 EXHIBIT G-2 

[FORM OF CERTIFICATE TO BE DELIVERED 

TO EUROCLEAR OR CLEARSTREAM BANKING 

BY [                    ] 

WITH RESPECT TO CERTIFICATES SOLD TO 

QUALIFIED INSTITUTIONAL BUYERS] 

CITIBANK CREDIT CARD MASTER TRUST I, 

[    ]% Credit Card Participation Certificates, Series
[                    ] 
 In
connection with the initial issuance and placement of the above referenced Credit Card Participation Certificates (the “Certificates”), an institutional investor in the United States (“institutional investor”) is purchasing U.S.
$         aggregate principal amount of the Certificates held in our account at [Euroclear Bank S.A./N.V., as operator of the Euroclear System] [Clearstream Banking, société anonyme] on behalf of
such investor. 
 We reasonably believe that such institutional investor is a qualified institutional buyer as such term is defined under
Rule 144A of the Securities Act of 1933, as amended. 
 [We understand that this certificate is required in connection with United States
laws. We irrevocably authorize you to produce this certificate or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered by this certificate.] 

 The Definitive Certificates in respect of this certificate are to be issued in registered form in
the minimum denomination of U.S. $500,000 and such Definitive Certificates (and, unless the Pooling and Servicing Agreement or Supplement relating to the Certificates otherwise provides, any Certificates issued in exchange or substitution for or on
registration of transfer of Certificates) shall bear the following legend: 
 “THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933. NEITHER THIS CERTIFICATE NOR ANY PORTION HEREOF MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OR TO U.S. PERSONS (EACH AS DEFINED HEREIN), EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF
SUCH ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION PROVISIONS. THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.” 

 

							
	Dated:             , 20    	 		 	
			
		 		 	[                                    
    ]
		 		 	by
		 		 	  

		 		 	Authorized officer

  
 G-2-2 

 EXHIBIT H-1 

FORM OF OPINION OF COUNSEL 
 WITH
RESPECT TO AMENDMENTS 
 Provisions to be included in 

Opinion of Counsel to be delivered pursuant 

to Section 13.02(d)(i) 

The opinions set forth below may be subject to all the qualifications, assumptions, limitations and exceptions taken or made in the Opinions
of Counsel delivered on any applicable Closing Date. 
 1. The amendment to the [Pooling and Servicing Agreement], [Supplement], attached
hereto as Schedule 1 (the “Amendment”), has been duly authorized, executed and delivered by the Sellers and constitutes the legal, valid and binding agreement of the Sellers, enforceable in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally from time to time in effect. The enforceability of the Sellers’ obligations is also
subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 
 2.
The Amendment has been entered into in accordance with the terms and provisions of Section 13.01 of the Pooling and Servicing Agreement. 

3. The Amendment will not adversely affect in any material respect the interests of the Investor Certificateholders. [Include this clause
(3) only in the case of amendments effected pursuant to Section 13.01(a) of the Pooling and Servicing Agreement.] 

 EXHIBIT H-2 

FORM OF OPINION OF COUNSEL 
 WITH
RESPECT TO ACCOUNTS 
 Provisions to be included in 

Opinion of Counsel to be 
 delivered
pursuant to 
 Section 13.02(d)(ii) or (iii) 

The opinions set forth below may be subject to all the qualifications, assumptions, limitations and exceptions taken or made in the Opinions
of Counsel delivered on any applicable Closing Date. 
 1. The Receivables will constitute “accounts” as defined under Article 9
of the UCC. 
 2. If the transfer of the Receivables to the Trust pursuant to the Pooling and Servicing Agreement constitutes a true sale of
the Receivables to the Trust: 
 (a) with respect to Receivables in existence on the date hereof, such sale transfers all of
the right, title and interest of the Sellers in and to such Receivables to the Trust, free and clear of any Liens now existing or hereafter created, but subject to the rights of the Sellers as holders of the Sellers’ Certificates; 

(b) with respect to Receivables which come into existence after the date hereof, upon the creation of such Receivables and the
subsequent transfer of such Receivables to the Trust in accordance with the Pooling and Servicing Agreement and receipt by the Sellers of the consideration therefor required pursuant to the Pooling and Servicing Agreement, such sale will transfer
all of the right, title and interest of the Sellers in and to such Receivables to the Trust, free and clear of any Liens, but subject to the rights of the Sellers as holders of the Sellers’ Certificates; 

and, in either case, no further action will thereafter be required to protect the Trust’s ownership interest in the Receivables against creditors of, or
subsequent purchasers from, the Sellers. We note that unless the obligor in respect of a Receivable has received notice of the assignment thereof (such notice not being contemplated by the Pooling and Servicing Agreement), bona fide payments made by
such obligor to the applicable Seller or a second assignee of such Receivable (as to which such obligor has received notice of such assignment) will discharge such obligor’s obligations to the extent of such payment, and such payment will be
recoverable only from such Seller or, in certain cases, such second assignee, as the case may be. 
 3. If the transfer of the Receivables
to the Trust pursuant to the Pooling and Servicing Agreement does not constitute a true sale of the Receivables to the Trust, then the Pooling and Servicing Agreement creates a valid security interest in favor of the Trustee, for the

 
benefit of the Certificateholders, in the Sellers’ right, title and interest in and to the Receivables and the proceeds thereof securing the obligations of the Sellers thereunder. If the
transfer of the Receivables to the Trust constitutes a true sale of the Receivables to the Trust but such sale is not effective as of the date of such transfer to convey to the Trust free and clear of any Lien Receivables not existing on such date,
Section 13.18 of the Pooling and Servicing Agreement creates a valid security interest in favor of the Trustee, for the benefit of the Certificateholders, in the Sellers’ right, title and interest in and to the Receivables and the proceeds
thereof securing the obligations of the Sellers thereunder, to the extent such right, title and interest is not so conveyed to the Trust. We have been advised by the Sellers (but have not independently verified) that the Financing Statements have
been duly filed with the office of the Secretary of State of the State of South Dakota [and other applicable states], and, accordingly, such security interest constitutes a perfected security interest in such Receivables and the proceeds thereof
subject to no prior Liens, enforceable as such against creditors of, and subsequent purchasers from, the Sellers, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws relating to or affecting
creditors’ rights generally and to general equity principles, but subject to the matters discussed in paragraph 4 below. Such perfection, priority and enforceability of the security interest of the Trustee, for the benefit of the
Certificateholders, would not be affected by an increase or decrease in the relative interests in the Receivables of the Investor Certificateholders and the Sellers as holders of the Sellers’ Certificates. 

4. Should the Federal Deposit Insurance Corporation (“FDIC”) be appointed as a receiver or conservator for the Bank, and assuming
that the transfer of the Certificateholders’ Interest to the Investor Certificateholders satisfied the conditions for sale accounting treatment under generally accepted accounting principles in effect for reporting periods before
November 15, 2009, except for the “legal isolation” condition, as they applied to institutions for which the FDIC could be appointed as receiver or conservator, the Receivables to the extent of the Certificateholders’ Interest of
the Investor Certificateholders would not, under the FDIC’s Resolution and Receivership Rules set forth in 12 C.F.R. § 360.6(d)(2), be subject to being reclaimed, recovered or recharacterized as property of the Bank or the receivership.

  
 H-2-2EX-4.8

 EXHIBIT 4.8 
  

 
  

[FORM OF] ASSET REPRESENTATIONS REVIEW AGREEMENT

 CITIBANK, N.A., 

as Seller and Servicer 
 and 

FTI CONSULTING, INC., 

as Asset Representations Reviewer 
  

 

CITIBANK CREDIT CARD MASTER TRUST I 

Dated as of [            ] [    ], 20[    ]

  
  

 
  

 

 TABLE OF CONTENTS 

 

							
	SECTION	  	HEADING	  	PAGE	 
	 ARTICLE I.
	  	 USAGE AND DEFINITIONS
	  	 	1	  
			
	 Section 1.01.
	  	 Usage and Definitions
	  	 	1	  
	 Section 1.02.
	  	 Additional Definitions
	  	 	1	  
			
	 ARTICLE II.
	  	 ENGAGEMENT OF ASSET REPRESENTATIONS
REVIEWER
	  	 	5	  
			
	 Section 2.01.
	  	 Engagement; Acceptance
	  	 	5	  
	 Section 2.02.
	  	 Confirmation of Status
	  	 	5	  
	 Section 2.03.
	  	 Use and Purpose of Reports
	  	 	5	  
			
	 ARTICLE III.
	  	 ASSET REPRESENTATIONS REVIEW
PROCESS
	  	 	6	  
			
	 Section 3.01.
	  	 Review Notices
	  	 	6	  
	 Section 3.02.
	  	 Identification of Subject Receivables
	  	 	6	  
	 Section 3.03.
	  	 Review Period
	  	 	6	  
	 Section 3.04.
	  	 Review Materials
	  	 	6	  
	 Section 3.05.
	  	 Performance of Reviews
	  	 	7	  
	 Section 3.06.
	  	 Review Reports
	  	 	7	  
	 Section 3.07.
	  	 Review Representatives
	  	 	8	  
	 Section 3.08.
	  	 Dispute Resolution
	  	 	8	  
	 Section 3.09.
	  	 Limitations on Review Obligations
	  	 	8	  
			
	 ARTICLE IV.
	  	 ASSET REPRESENTATIONS REVIEWER
	  	 	9	  
			
	 Section 4.01.
	  	 Representations and Warranties
	  	 	9	  
	 Section 4.02.
	  	 Covenants
	  	 	10	  
	 Section 4.03.
	  	 Fees and Expenses
	  	 	12	  
	 Section 4.04.
	  	 Limitation on Liability
	  	 	13	  
	 Section 4.05.
	  	 Indemnification by Asset Representations Reviewer
	  	 	13	  
	 Section 4.06.
	  	 Indemnification of Asset Representations Reviewer
	  	 	13	  
	 Section 4.07.
	  	 Update Meetings
	  	 	14	  
	 Section 4.08.
	  	 Delegation of Obligations
	  	 	14	  
	 Section 4.09.
	  	 Confidential Information
	  	 	14	  
	 Section 4.10.
	  	 Personally Identifiable Information
	  	 	16	  
			
	 ARTICLE V.
	  	 RESIGNATION AND REMOVAL; SUCCESSOR
ASSET REPRESENTATIONS REVIEWER
	  	 	18	  
			
	 Section 5.01.
	  	 Eligibility Requirements for Asset Representations Reviewer
	  	 	18	  
	 Section 5.02.
	  	 Resignation and Removal of Asset Representations Reviewer
	  	 	18	  
	 Section 5.03.
	  	 Successor Asset Representations Reviewer
	  	 	19	  
	 Section 5.04.
	  	 Merger, Consolidation or Succession
	  	 	20	  

  
 -i- 

							
	 ARTICLE VI.
	  	 OTHER AGREEMENTS
	  	 	21	  
			
	 Section 6.01.
	  	 Independence of Asset Representations Reviewer
	  	 	21	  
	 Section 6.02.
	  	 No Petition
	  	 	21	  
	 Section 6.03.
	  	 Termination of Agreement
	  	 	21	  
			
	 ARTICLE VII.
	  	 MISCELLANEOUS PROVISIONS
	  	 	21	  
			
	 Section 7.01.
	  	 Amendments
	  	 	21	  
	 Section 7.02.
	  	 Assignment; Benefit of Agreement; Third Party Beneficiaries
	  	 	22	  
	 Section 7.03.
	  	 Effectiveness
	  	 	22	  
	 Section 7.04.
	  	 Notices
	  	 	22	  
	 Section 7.05.
	  	 Outstanding Investor Certificates or Notes
	  	 	23	  
	 Section 7.06.
	  	 GOVERNING LAW
	  	 	23	  
	 Section 7.07.
	  	 Submission to Jurisdiction
	  	 	23	  
	 Section 7.08.
	  	 WAIVER OF JURY TRIAL
	  	 	23	  
	 Section 7.09.
	  	 No Waiver; Remedies
	  	 	23	  
	 Section 7.10.
	  	 Severabilty
	  	 	23	  
	 Section 7.11.
	  	 Headings
	  	 	23	  
	 Section 7.12.
	  	 Counterparts
	  	 	23	  

 EXHIBITS 

Exhibit A – Representations and Warranties and Review Procedures 

  
 -ii- 

 ASSET REPRESENTATIONS REVIEW
AGREEMENT 
 ASSET REPRESENTATIONS REVIEW AGREEMENT, dated as of
[            ] [    ], 20[    ] (this “Agreement”), between CITIBANK, N.A. (“Citibank”), a national banking
association, as seller (in such capacity, the “Seller”) and servicer (in such capacity, the “Servicer”) and FTI Consulting, Inc. (the “Asset Representations Reviewer”), a Maryland corporation, as
Asset Representations Reviewer. 
 BACKGROUND 

In connection with that certain credit card securitization program sponsored by the Seller, the Seller transferred Receivables arising in the
Accounts to Citibank Credit Card Master Trust I (the “Trust”) in exchange for a collateral certificate representing a beneficial interest in those Receivables (the “Series 2000 Certificate”). The Series 2000
Certificate was transferred to Citibank Credit Card Issuer Trust (the “Issuer”). In order to provide credit support for the Series 2000 Certificate and the Notes, the Trust issued a collateral certificate (the “Series
2009 Certificate”) to the Seller. The Series 2009 Certificate has a fluctuating principal amount which will generally equal a fixed percentage of the aggregate nominal liquidation amount of the Notes. The Series 2009 Certificate
also represents a beneficial interest in the Receivables and is subordinate to the Series 2000 Certificate. 
 The Issuer has granted a
security interest in the Series 2000 Certificate to Deutsche Bank Trust Company Americas, as indenture trustee, for the benefit of the Secured Parties, as security for the Notes issued by the Issuer under the Indenture. 

The Servicer has determined to engage the Asset Representations Reviewer to perform reviews of compliance with respect to certain of the
representations and warranties made by the Seller with respect to certain Receivables. 
 The Seller, the Servicer, and the Asset
Representations Reviewer have mutually developed review procedures specified in Exhibit A. 
 The parties agree as follows. 

ARTICLE I. 

USAGE AND DEFINITIONS 

Section 1.01. Usage and Definitions. Capitalized terms used but not defined in this Agreement shall have
the meaning (if any) specified in the Pooling and Servicing Agreement (including any supplement thereto) and, if not otherwise defined therein, shall have the meaning specified in the Indenture (including any supplement thereto). 

 Section 1.02. Additional Definitions. The following terms
have the meanings given below: 
 “Affiliate” has the meaning specified in the Pooling and Servicing Agreement. 

“Agreement” has the meaning specified in the first paragraph of this Agreement. 

“ARR Indemnified Person” has the meaning stated in Section 4.06(a). 

“ARR Losses” has the meaning stated in Section 4.06(a). 

“Asset Representations Reviewer” has the meaning specified in the first paragraph of this Agreement. 

“Business Day” has the meaning specified in the Pooling and Servicing Agreement. 

“Citibank PII” has the meaning stated in Section 4.10(a). 

“Confidential Information” has the meaning stated in Section 4.09(b). 

“Cure Period” has the meaning stated in Section 5.02(a). 

“Delinquency Trigger” has the meaning specified in the Pooling and Servicing Agreement. 

“Due Period” has the meaning specified in the Pooling and Servicing Agreement. 

“Effective Date” means [                ]
[    ], 20[    ]. 
 “Fee Letter” has the meaning stated in Section 4.03(a). 

“Holders” has the meaning specified in the Pooling and Servicing Agreement. 

“Indemnified Person” has the meaning stated in Section 4.06(b). 

“Indemnifying Person” has the meaning stated in Section 4.06(b). 

“Indenture” means the Second Amended and Restated Indenture, dated as of
[                ] [    ], 2016, between the Issuer and Deutsche Bank Trust Company Americas, as Trustee, as further amended, restated, supplemented
or otherwise modified from time to time. 
 “Indenture Trustee” means Deutsche Bank Trust Company Americas, as indenture
trustee under the Indenture. 
 “Information Recipients” has the meaning stated in Section 4.09(a). 

“Insolvency Event” has the meaning specified in the Pooling and Servicing Agreement. 

  
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 “Investor Certificates” has the meaning specified in the Pooling and Servicing
Agreement. 
 “Issuer Indemnified Person” has the meaning stated in Section 4.05(a). 

“Issuer” has the meaning specified above under “Background.” 

“Issuer Losses” has the meaning stated in Section 4.05(a). 

“Issuer Trustee” means The Bank of New York (Delaware) not in its individual capacity, but solely in its capacity as trustee
of the Issuer under the Trust Agreement, and each of its successors and assigns. 
 “Legal Maturity Date” has the meaning
specified in the Indenture. 
 “Lien” has the meaning specified in the Pooling and Servicing Agreement. 

“Master Trust Trustee” means Deutsche Bank Trust Company Americas, as trustee under the Pooling and Servicing Agreement. 

“Note” has the meaning specified in the Indenture. 

“Obligor” has the meaning specified in the Pooling and Servicing Agreement. 

“Outstanding” has the meaning specified in the Indenture. 

“Payment Date” has the meaning specified in the Indenture. 

“Person” has the meaning specified in the Pooling and Servicing Agreement. 

“Personally Identifiable Information,” or “PII,” has the meaning stated in Section 4.10(a). 

“Pooling and Servicing Agreement” means the Third Amended and Restated Pooling and Servicing Agreement, dated as of
[                ] [    ], 2016, between Citibank, as Seller and Servicer, and Deutsche Bank Trust Company Americas, as Trustee, as further amended,
restated, supplemented or otherwise modified from time to time. 
 “Rating Agency” has the meaning specified in the Pooling
and Servicing Agreement. 
 “Rating Agency Condition” has the meaning given to such term in the Pooling and Servicing
Agreement. 
 “Receivables” has the meaning specified in the Pooling and Servicing Agreement. 

  
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 “Regulation AB” means Subpart 229.1100 – Asset Backed Securities
(Regulation AB), 17 C.F.R. §§229.1100-229.1123, as such may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Securities and Exchange Commission in the adopting release
(Asset-Backed Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531 (January 7, 2005)) or by the staff of the Securities and Exchange Commission, or as may be provided by the Securities and Exchange Commission or its staff
from time to time. 
 “Review Commencement Date” has the meaning stated in Section 3.02. 

“Review” means the performance by the Asset Representations Reviewer of the testing procedures for each Test according to
Section 3.05. 
 “Review Fee” has the meaning stated in Section 4.03(b). 

“Review Materials” means, for a Review, the documents and other materials for each Test listed under “Review
Materials” in Exhibit A or any additional documents or other materials that the Asset Representations Reviewer may reasonably request. 

“Review Notice” means a notice directing that a Review commence delivered by the Servicer to the Asset Representations
Reviewer pursuant to Section 14.02(b) of the Pooling and Servicing Agreement. 
 “Review Period” means with respect to a
Review the period from the date of delivery to the Asset Representations Reviewer of the related Review Notice to the latest related Scheduled Completion Date. 

“Review Report” means, for a Review, the report of the Asset Representations Reviewer prepared according to Section 3.06.

 “Review Satisfaction Date” means the date on which the Holders have voted to cause the Asset Representations Reviewer to
conduct a Review pursuant to Section 14.02 of the Pooling and Servicing Agreement. 
 “Scheduled Completion Date” has the
meaning stated in Section 3.03. 
 “Seller” has the meaning specified in the first paragraph of this Agreement. 

“Servicer” has the meaning specified in the first paragraph of this Agreement. 

“Subject Receivables” means, for any Review, all Receivables which are 60 or more days delinquent as reported on the Monthly
Servicers Certificate prepared pursuant to Section 3.04 of the Pooling and Servicing Agreement for the Due Period prior to the related Review Satisfaction Date; provided that, any Receivable which becomes a repurchased Receivable after the Review
Satisfaction Date will no longer be a Subject Receivable. 

  
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 “Tests” has the meaning stated in Section 3.05(a). 

“Test Complete” has the meaning stated in Section 3.05(b). 

“Test Fail” has the meaning stated in Section 3.05(a). 

“Test Pass” has the meaning stated in Section 3.05(a). 

“Trust Agreement” has the meaning specified in the Indenture. 

“Update Meeting” has the meaning stated in Section 4.07. 

ARTICLE II. 

ENGAGEMENT OF ASSET REPRESENTATIONS REVIEWER 

Section 2.01. Engagement; Acceptance. The Servicer engages FTI Consulting, Inc. to act as the Asset
Representations Reviewer for the Seller to perform reviews of compliance with respect to certain of the representations and warranties made by the Seller under the Pooling and Servicing Agreement. FTI Consulting, Inc. accepts the engagement and
agrees to perform the obligations of the Asset Representations Reviewer on the terms in this Agreement. 

Section 2.02. Confirmation of Status. The parties confirm that the Asset Representations Reviewer is not
responsible for (a) reviewing the Receivables for compliance with the representations and warranties under the Transaction Documents, except as described in this Agreement, (b) determining whether noncompliance with the representations or warranties
constitutes a breach of the Transaction Documents or (c) confirming that the provisions of the Transaction Documents relating to the Review have been satisfied. 

Section 2.03. Use and Purpose of Reports. Except as otherwise specifically provided herein, any
information provided, or any Review Report issued by the Asset Representations Reviewer is provided solely for the use and benefit of the Seller and the Servicer for the purposes provided in this Agreement and the Pooling and Servicing
Agreement. Unless required by law or in accordance with the terms of this Agreement, the Seller and the Servicer shall not provide to any third-party any information provided or any Review Report, or refer to the Asset Representations Reviewer
or its obligations under this Agreement without the consent of the Asset Representations Reviewer. Notwithstanding the foregoing, (i) the Asset Representations Reviewer may deliver any Review Report to the Indenture Trustee, the Issuer and
other parties as described in Section 3.06, (ii) each of the Issuer, the Seller and the Servicer may inform the Securities and Exchange Commission and any other regulator that they are working with FTI Consulting, Inc. as the asset representations
reviewer and FTI Consulting, Inc. may be referenced in any prospectus filed by or on behalf of the Issuer, and (iii) this Agreement may be filed as an exhibit to the Issuer’s Registration Statement on Form SF-3. 

  
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 ARTICLE III. 

ASSET REPRESENTATIONS REVIEW PROCESS 

Section 3.01. Review Notices. A Review shall commence upon the Asset Representations Reviewer’s
receipt of a Review Notice in accordance with Section 14.02(b) of the Pooling and Servicing Agreement. 

Section 3.02. Identification of Subject Receivables. Within 30 calendar days after receipt of a Review
Notice, the Servicer will deliver to the Asset Representations Reviewer a list of the Accounts (identified by the Servicer’s internal identification numbers) related to the Subject Receivables. Notwithstanding Section 3.01, the Asset
Representations Reviewer will have no obligation to commence a Review until it has received a Review Notice, a list of the Accounts related to the Subject Receivables and access to the Review Materials in accordance with Section 3.04 (the
“Review Commencement Date”). 
 Section 3.03. Review Period. The Asset
Representations Reviewer will complete the Review of all of the Subject Receivables within 60 calendar days after the Review Commencement Date (the “Scheduled Completion Date”). However, if additional Review
Materials are provided to the Asset Representations Reviewer under Section 3.04(b), the Scheduled Completion Date will be extended to the date which is 30 calendar days after the date of receipt of such additional Review Materials. 

Section 3.04. Review Materials.

(a) Access to Review Materials. The Servicer will give the Asset Representations Reviewer access to the Review Materials for all
of the Subject Receivables within 60 calendar days after receipt of the Review Notice in one or more of the following ways: (i) by electronic posting to a password-protected website to which the Asset Representations Reviewer has access, including
the ability to print posted materials, (ii) by providing originals or photocopies of documents relating to the Subject Receivables via electronic mail or at one of the properties of the Servicer or (iii) in another manner agreed by the Servicer and
the Asset Representations Reviewer. The Servicer shall redact or remove Personally Identifiable Information from the Review Materials without changing the meaning or usefulness of the Review Materials for the Review. 

(b) Missing or Insufficient Review Materials. If any of the Review Materials are missing or insufficient for the Asset
Representations Reviewer to perform any Test, the Asset Representations Reviewer will notify the Servicer promptly, and will use commercially reasonable efforts to notify the Servicer no less than 30 calendar days before the initial Scheduled
Completion Date, and the Servicer will have 15 calendar days to provide the Asset Representations Reviewer access to such missing Review Materials or other documents or information necessary to correct the insufficiency. If the missing or
insufficient Review Materials have not been provided by the Servicer within 15 calendar days, the parties agree that each Subject Receivable subject to the applicable Test(s) will have a Test Fail for the related Test(s) and the Test(s) will be
considered completed and the Review Report will indicate the reason for the Test Fail. 

  
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 Section 3.05. Performance of Reviews. 

(a) Test Procedures. For a Review, the Asset Representations Reviewer will perform for the Subject Receivables the
procedures listed under “Tests” in Exhibit A for each representation and warranty (each, a “Test”), using the Review Materials listed for each such Test in Exhibit A. For each Test, the Asset Representations Reviewer
will determine in its reasonable judgment if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”). If the result for more than one Subject Receivable is determinable
by performing a Test once for such group of Subject Receivables, the Asset Representations Reviewer will use one determination for all such Subject Receivables. 

(b) Completion of Asset Representations Review for Certain Subject Receivables. Following the delivery of the list of the Accounts
related to the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by the Obligor or purchased by
the Seller or the Servicer in accordance with the Pooling and Servicing Agreement. On receipt of such notice, the Review of such Subject Receivables will be considered complete (a “Test Complete”). In this case, the Review
Report will indicate a Test Complete for such Subject Receivables and the related reason. 
 (c) Previously Performed Test; Duplicative
Review Procedures. If any Test is performed in a Review, the Asset Representations Reviewer will not perform such Test again in connection with any additional Review, if and to the extent the initial review is sufficient for the purpose of
determining compliance with the Test in the subsequent Review, but will include the determination of such previous Test in the Review Report for the current Review; provided, that, the Asset Representations Reviewer may conduct Tests relating to
Subject Receivables for any Review for any time period not covered in previous Tests. If the same Test is required for more than one representation or warranty listed on Exhibit A, the Asset Representations Reviewer will only perform the Test once
but report the results of the Test for each applicable representation or warranty on the Review Report. 
 (d) Termination of
Review. If a Review is in process and all Outstanding Notes of the Issuer, other than any Notes held by Citibank, will be paid in full on the next Payment Date, the Servicer will notify the Asset Representations Reviewer no less than ten
days before that Payment Date. On receipt of notice, the Asset Representations Reviewer will terminate the Review immediately and will have no obligation to deliver a Review Report. 

Section 3.06. Review Reports. Within 30 calendar days after the end of the Review Period under Section
3.03, the Asset Representations Reviewer will deliver to the Issuer, the Seller, the Servicer, and the Indenture Trustee a Review Report indicating for the Subject Receivables whether there was a Test Pass or a Test Fail for each Test, or whether
the Subject Receivables were assigned a Test Complete and the related reason. The Review Report will contain a summary of the Review results. The Asset Representations Reviewer will ensure that the Review Report does not contain any
Citibank PII and acknowledges that the Seller, the Servicer, or the Issuer may include the summary of the Review results or any portion of the Review Report in a filing with the Securities and Exchange Commission and hereby consents to such
inclusion of the summary in any such filing. 

  
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 Section 3.07. Review Representatives. 

(a) Servicer Representative. The Servicer will designate one or more representatives who will be available to assist the Asset
Representations Reviewer in performing the Review, including responding to requests and answering questions from the Asset Representations Reviewer about the Review Materials or Tests and obtaining or providing missing or insufficient Review
Materials. 
 (b) Asset Representations Reviewer Representative. The Asset Representations Reviewer will designate one or more
representatives who will be available to the Seller and the Servicer during the performance of a Review. 
 (c) Questions About
Review. The Asset Representations Reviewer will make appropriate personnel available to respond in writing to written questions or requests for clarification of any Review Report from the Seller or the Servicer until the earlier of (i) the
payment in full of all of the Outstanding Notes of the Issuer and (ii) one year after the delivery of the Review Report. The Asset Representations Reviewer will have no obligation to respond to questions or requests for clarification from
Noteholders or any other Person and will direct such Persons to submit written questions or requests to the Servicer. 

Section 3.08. Dispute Resolution. The Asset Representations Reviewer agrees and acknowledges that any
Review Report may be used by the Issuer, the Indenture Trustee, the Master Trust Trustee, the Seller, or the Servicer in any dispute resolution proceeding, but the Asset Representations Reviewer shall not be required to participate in any such
dispute resolution proceeding. No additional fees or reimbursement of expenses shall be paid to the Asset Representations Reviewer regarding such use of any Review Report. 

Section 3.09. Limitations on Review Obligations. 

(a) Review Process Limitations. The Asset Representations Reviewer will have no obligation: 

(i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Holders of Investor Certificates has voted to
direct a Review under the Pooling and Servicing Agreement, and may rely on the information in any Review Notice delivered to the Asset Representations Reviewer; 

(ii) to determine which Receivables are subject to a Review, and may rely on the lists of Subject Receivables provided by the Servicer; 

(iii) to obtain or confirm the validity of the Review Materials, and may rely on the accuracy and completeness of the Review Materials; 

  
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 (iv) to obtain missing or insufficient Review Materials from any party or any other source; 

(v) to take any action or cause any other party to take any action under the Pooling and Servicing Agreement or otherwise to enforce any
remedies against the Seller for breaches of representations or warranties about the Subject Receivables; 
 (vi) to determine the reason for
the delinquency of any Receivable, the creditworthiness of any Obligor, the overall quality of any Receivable or the compliance by the Servicer with its covenants with respect to the servicing of the Receivable; or 

(vii) except for those relating to the legal opinion provided pursuant to Section 4.02(f), to make a legal determination or conclusion. 

(b) No Testing Procedure Limitations. The testing procedures listed under “Tests” in Exhibit A may be modified from time
to time without complying with the requirements of Section 7.01 if due to a change in available data, the presentation or formatting thereof, or other considerations, there exist an alternative Test and/or set of Review Materials that in the good
faith determination of the Seller or the Servicer and the Asset Representations Reviewer are designed to produce at least as accurate a determination of compliance with one or more representations and warranties as the Test and/or Review Materials
being replaced. 
 ARTICLE IV. 

ASSET REPRESENTATIONS REVIEWER 

Section 4.01. Representations and Warranties. The Asset Representations Reviewer represents and warrants
to the Seller and the Servicer as of the Closing Date: 
 (a) Organization and Qualification. The Asset Representations Reviewer
is duly organized and validly existing as a corporation in good standing under the laws of the State of Maryland. The Asset Representations Reviewer is qualified to do business as a foreign corporation in good standing and has obtained all
necessary licenses and approvals in all jurisdictions in which the failure to obtain such qualifications, licenses or approvals would reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s ability to
perform its obligations under this Agreement. 
 (b) Power, Authority and Enforceability. The Asset Representations Reviewer has
the power and authority to execute, deliver and perform its obligations under this Agreement. The Asset Representations Reviewer has authorized the execution, delivery and performance of this Agreement. This Agreement is the legal, valid
and binding obligation of the Asset Representations Reviewer enforceable against the Asset Representations Reviewer, except as may be limited by insolvency, bankruptcy, reorganization or other laws relating to the enforcement of creditors’
rights or by general equitable principles. 
 (c) No Conflicts and No Violation. The completion of the transactions contemplated
by this Agreement and the performance of the Asset Representations Reviewer’s obligations 

  
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under this Agreement will not (A) conflict with, or be a breach or default under, any indenture, mortgage, deed of trust, loan agreement, guarantee or similar agreement or instrument under which
the Asset Representations Reviewer is a debtor or guarantor, (B) result in the creation or imposition of any Lien on any of the properties or assets of the Asset Representations Reviewer under the terms of any indenture, mortgage, deed of trust,
loan agreement, guarantee or similar agreement or instrument, (C) violate the organizational documents of the Asset Representations Reviewer or (D) violate any law or, to the Asset Representations Reviewer’s knowledge, any order, rule or
regulation of a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Asset Representations Reviewer or its properties that applies to the Asset Representations Reviewer,
which, in each case, would reasonably be expected to have a material adverse effect on the Asset Representations Reviewer’s ability to perform its obligations under this Agreement. 

(d) No Proceedings. To the Asset Representations Reviewer’s knowledge, there are no proceedings or investigations pending or
threatened in writing before a federal or State court, regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Asset Representations Reviewer or its properties (A) asserting the invalidity of this
Agreement, (B) seeking to prevent the completion of the transactions contemplated by this Agreement or (C) seeking any determination or ruling that would reasonably be expected to have a material adverse effect on the Asset Representations
Reviewer’s ability to perform its obligations under, or the validity or enforceability of, this Agreement. 
 (e)
Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.01. 

Section 4.02. Covenants. The Asset Representations Reviewer covenants and agrees that: 

(a) Eligibility. It will notify the Seller and the Servicer promptly upon becoming aware that it no longer meets the eligibility
requirements in Section 5.01. 
 (b) Review Systems; Personnel. It will maintain business process management and/or other
systems necessary to ensure that it can perform each Test. The Asset Representations Reviewer will maintain adequate staff that is properly trained to conduct Reviews as required by this Agreement. 

(c) Maintenance of Review Materials. It will maintain copies of any Review Materials, Review Reports and other documents relating
to a Review, including internal correspondence and work papers, for a period of three years after the termination of this Agreement, after such time all such documents shall be destroyed. 

(d) Review Procedures Audit. The Asset Representations Reviewer will maintain an audit trail for the Review Materials received,
the Tests performed and any determinations made in connection with a Review. 
 (e) Information to Be Provided. The Asset
Representations Reviewer shall, within 30 calendar days after the end of each calendar quarter, provide to the Seller and the Servicer 

  
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information regarding the Asset Representations Reviewer for purposes of compliance with Items 1109(b), 1117 and 1119 of Regulation AB. As promptly as practicable following notice to or
discovery by the Asset Representations Reviewer of any material changes to the most recently provided information for purposes of compliance with Items 1117, 1109(b) or 1119 of Regulation AB, the Asset Representations Reviewer shall provide to the
Seller and the Servicer, in writing, notice of such material changes. Such information shall include: 
 (i) the Asset Representations
Reviewer’s name and form of organization; 
 (ii) a description of the extent to which the Asset Representations Reviewer has had
prior experience serving as an asset representations reviewer for asset-backed securities transactions involving credit card receivables; 

(iii) a description of any affiliation between the Asset Representations Reviewer and any of the following parties to a securitization
transaction, as such parties are identified by name to the Asset Representations Reviewer by the Seller no later than the end of the relevant calendar quarter: 
  

	 	(1)	the sponsor; 

  

	 	(2)	any depositor; 

  

	 	(3)	the issuer; 

  

	 	(4)	any servicer; 

  

	 	(5)	any trustee; 

  

	 	(6)	any originator; 

  

	 	(7)	any significant obligor; 

  

	 	(8)	any enhancement or support provider; 

  

	 	(9)	any underwriter; 

  

	 	(10)	any person hired by the Seller or the Servicer or an underwriter to perform due diligence on the Receivables; and 

  

	 	(11)	any other material transaction party. 

 In connection with each Report on Form 10-K with respect to the Notes
and each Report on Form 10-D with respect to the Notes filed by or on behalf of Citibank, as the depositor, the Asset Representations Reviewer shall be deemed to represent and warrant with respect to the information most recently provided by the
Asset Representations Reviewer for the purposes of compliance with Items 1109(b), 1117 and 1119 of Regulation AB (A) as of the date that is 

  
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fifteen (15) days prior to the filing date of each calendar year for the Issuer’s Report on Form 10-K, (B) as of the related Payment Date for each Report on Form 10-D, and (C) in connection
with any sale of Notes, as of the Execution Time and Closing Date (as such terms are respectively defined in the underwriting agreement relating to such sale of Notes), that such information is materially correct and does not have any material
omissions, unless the Asset Representations Reviewer has provided an update to such information. 
 (f) Opinion of Counsel. On
the Effective Date and upon five (5) Business Days’ prior written notice in connection with an issuance of Notes registered on Form SF-3, the Asset Representations Reviewer shall provide an opinion of counsel, which may be an opinion of
in-house counsel, addressed to the Servicer, the Indenture Trustee, the Master Trust Trustee, the Issuer, each Rating Agency and the underwriters or purchasers of the Notes to the effect that: 

(i) the Asset Representations Reviewer is validly existing and in good standing as a corporation under the laws of the State of Maryland and
has the power and authority to transact the business in which it is now engaged and to enter into and to perform all of its obligations under this Agreement; 

(ii) the execution, delivery and performance by the Asset Representations Reviewer of this Agreement and the consummation by the Asset
Representations Reviewer of the services contemplated hereby have been duly authorized by all necessary corporate action; 
 (iii) this
Agreement has been duly and validly executed and delivered by the Asset Representations Reviewer; and 
 (iv) the execution and delivery by
the Asset Representations Reviewer of this Agreement and the consummation of the services contemplated hereby will not conflict with, result in a breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time) a
default under (A) the by-laws of the Asset Representations Reviewer, (B) to such counsel’s knowledge, any material indenture, contract, lease, mortgage, deed of trust or other instrument of agreement to which the Asset Representations Reviewer
is a party or by which the Asset Representations Reviewer is bound or (C) to such counsel’s knowledge, any judgment, writ, injunction, decree, order or ruling of any court or governmental authority having jurisdiction over the Asset
Representations Reviewer. 
 Section 4.03. Fees and Expenses. 

(a) Upfront and Semi-Annual Fee. The Servicer will pay the Asset Representations Reviewer, as compensation for agreeing to act as
the Asset Representations Reviewer under this Agreement, a one-time upfront fee due on the Effective Date and, semi-annually in arrears beginning on the six month anniversary of the Effective Date, and on each six month anniversary thereafter a
semi-annual fee, in each case, in the amount set forth in a fee letter, dated as of the date hereof, between the Servicer and the Asset Representations Reviewer (the “Fee Letter”). The semi-annual fee will be paid as agreed in
this Section 4.03(a) by the Servicer until this Agreement is terminated. 

  
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 (b) Review Fee. Following the completion of a Review and the delivery to the Issuer,
the Seller, the Servicer, and the Indenture Trustee of the Review Report, or the termination of a Review according to Section 3.05(d), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a
fee for each Review as set forth in the Fee Letter (the “Review Fee”). 
 (c) Reimbursement of Expenses. If the
Servicer provides access to the Review Materials at one of its properties, the Servicer will reimburse the Asset Representations Reviewer for its reasonable travel expenses incurred in connection with the Review upon receipt of a detailed
invoice. In addition, the Servicer will reimburse the Asset Representations Reviewer for its out-of-pocket expenses in connection with conducting a Review, including the fees and expenses of its legal counsel. 

Section 4.04. Limitation on Liability. The Asset Representations Reviewer will not be liable to any
Person for any action taken, or not taken, in good faith under this Agreement or for errors in judgment. However, the Asset Representations Reviewer will be liable to the extent finally determined by a court of competent jurisdiction to have
resulted from its own willful misconduct, bad faith or gross negligence in performing its obligations under this Agreement. In no event will the Asset Representations Reviewer be liable for special, indirect or consequential losses or damages
(including lost profit), even if the Asset Representations Reviewer has been advised of the likelihood of the loss or damage and regardless of the form of action. 

Section 4.05. Indemnification by Asset Representations Reviewer. The Asset Representations Reviewer will
indemnify each of the Issuer, the Seller, the Servicer, the Master Trust Trustee and the Indenture Trustee and their respective directors, officers, employees and agents (each, an “Issuer Indemnified Person”) for all
costs, expenses (including reasonable fees and expenses of legal counsel, including legal fees and expenses incurred in connection with any action or suit by an Issuer Indemnified Person to enforce the Asset Representations Reviewer’s
indemnification or other obligations pursuant to this Section 4.05), losses, damages and liabilities resulting from (a) the willful misconduct, bad faith or gross negligence of the Asset Representations Reviewer under this Agreement or (b) the Asset
Representations Reviewer’s breach of any of its representations or warranties in this Agreement (the “Issuer Losses”), except to the extent than any such Issuer Losses are determined by a final non-appealable
order of a court of competent jurisdiction to have resulted from the bad faith, gross negligence or willful misconduct of the Issuer Indemnified Person or persons in respect of whom such liability is asserted. The Asset Representations
Reviewer’s obligations under this Section 4.05 will survive the termination of this Agreement, the termination of the Issuer and the resignation or removal of the Asset Representations Reviewer. 

Section 4.06. Indemnification of Asset Representations Reviewer. 

(a) Indemnification. The Servicer will indemnify the Asset Representations Reviewer and its officers, directors, employees and agents
(each, an “ARR Indemnified Person”), for all costs, expenses, losses, damages and liabilities resulting from the performance of its obligations under this Agreement (including the costs and expenses of defending itself (including
the reasonable fees and legal expenses of counsel) against any loss, damage or liability) (the “ARR 

  
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Losses”), except to the extent that any such ARR Losses are determined by a final non-appealable order of a court of competent jurisdiction to have resulted from (i) the bad faith,
gross negligence or willful misconduct of the ARR Indemnified Person or persons in respect of whom such liability is asserted or (ii) the Asset Representations Reviewer’s breach of any of its representations, warranties or covenants in this
Agreement. 
 (b) Proceedings. Promptly on receipt by an Issuer Indemnified Person or an ARR Indemnified Person (each, an
“Indemnified Person”) of notice of a proceeding against it, the Indemnified Person will, if a claim is to be made under Section 4.05 or 4.06(a), as applicable, notify the Asset Representations Reviewer or the Servicer, as applicable
(each, an “Indemnifying Person”) of the proceeding. An Indemnifying Person may participate in and assume the defense and settlement of a proceeding at its expense. If an Indemnifying Person notifies the Indemnified Person
of its intention to assume the defense of the proceeding with counsel reasonably satisfactory to the Indemnified Person, and so long as the Indemnifying Person assumes the defense of the proceeding in a manner reasonably satisfactory to the
Indemnified Person, the Indemnifying Person will not be liable for legal expenses of counsel to the Indemnified Person unless there is a conflict between the interests of the Indemnifying Person and an Indemnified Person. If there is a
conflict, the Indemnifying Person will pay for the reasonable fees and expenses of separate counsel to the Indemnified Person. No settlement of a Proceeding may be made without the approval of Indemnifying Person and the Indemnified Person,
which approval will not be unreasonably withheld. 
 (c) Survival of Obligations. The Servicer’s obligations under this
Section 4.06 will survive the resignation or removal of the Asset Representations Reviewer and the termination of the Issuer and/or of this Agreement. 

(d) Repayment. If an Indemnifying Person makes any payment under this Section 4.06 and the Indemnified Person later collects any
of the amounts for which the payments were made to it from others, the Indemnified Person will promptly repay the amounts to the Indemnifying Person. 

Section 4.07. Update Meetings. The Asset Representations Reviewer or the Seller or the Servicer may from
time to time request a meeting to review the Tests and Review Materials (and any necessary or desirable modifications thereto), the process management and/or systems for transfer of Review Materials and performance of the Tests, the personnel at any
entity or for any other reason that such person reasonably deems prudent (each, an “Update Meeting”). The parties agree to attend Update Meetings upon reasonable notice; provided, that, unless a Review Notice has been sent, a
party shall not be required to attend an Update Meeting more frequently than annually. 
 Section 4.08.
Delegation of Obligations. The Asset Representations Reviewer may not delegate or subcontract its obligations under this Agreement to any Person without the consent of the parties to this Agreement, which may be withheld in such
party’s sole discretion. 
 Section 4.09. Confidential Information. 

  
 -14- 

 (a) Treatment. The Asset Representations Reviewer agrees to hold and treat
Confidential Information given to it under this Agreement in confidence and under the terms and conditions of this Section 4.09, and will implement and maintain safeguards to further assure the confidentiality of the Confidential
Information. The Confidential Information will not, without the prior consent of the Issuer and the Servicer, be disclosed or used by the Asset Representations Reviewer, or its officers, directors, employees, agents, representatives or
affiliates, including legal counsel (collectively, the “Information Recipients”) other than for the purposes of performing Reviews or performing its obligations under this Agreement. The Asset Representations Reviewer agrees
that it will not, and will cause its Affiliates to not (i) purchase or sell securities issued by Citibank or the Issuer or their Affiliates or special purpose entities on the basis of Confidential Information or (ii) use the Confidential Information
for the preparation of research reports, newsletters or other publications or similar communications. 
 (b)
Definition. “Confidential Information” means oral, written and electronic materials (irrespective of its source or form of communication) furnished before, on or after the date of this Agreement to the Asset
Representations Reviewer for the purposes contemplated by this Agreement, including: 
 (i) lists of Subject Receivables and any related
Review Materials; 
 (ii) origination and servicing guidelines, policies and procedures, and form contracts; and 

(iii) notes, analyses, compilations, studies or other documents or records prepared by the Servicer, which contain information supplied by or
on behalf of the Servicer or its representatives. 
 However, Confidential Information will not include information that (A) is or becomes generally
available to the public other than as a result of disclosure by the Information Recipients, (B) was available to, or becomes available to, the Information Recipients on a non-confidential basis from a Person or entity other than the Issuer or the
Servicer before its disclosure to the Information Recipients who, to the knowledge of the Information Recipient is not bound by a confidentiality agreement with the Issuer or the Servicer and is not prohibited from transmitting the information to
the Information Recipients, (C) is independently developed by the Information Recipients without the use of the Confidential Information, as shown by the Information Recipients’ files and records or other evidence in the Information
Recipients’ possession or (D) the Issuer or the Servicer provides permission to the applicable Information Recipients to release. 

(c) Protection. The Asset Representations Reviewer will use commercially reasonable efforts to protect the secrecy of and avoid
disclosure and unauthorized use of Confidential Information, including those measures that it takes to protect its own confidential information. The Asset Representations Reviewer acknowledges that Personally Identifiable Information is also
subject to the additional requirements in Section 4.10. 
 (d) Disclosure. If the Asset Representations Reviewer is required by
applicable law, regulation, rule or order issued by an administrative, governmental, regulatory or judicial 

  
 -15- 

 
authority to disclose part of the Confidential Information, it may disclose the Confidential Information. However, before a required disclosure, the Asset Representations Reviewer, if
permitted by law, regulation, rule or order, including if time for notice is permitted under the circumstances, will use commercially reasonable efforts to provide the Seller and the Servicer with notice of the requirement and will cooperate, at the
Servicer’s expense, in the Seller’s and the Servicer’s pursuit of a proper protective order or other relief for the disclosure of the Confidential Information. If the Issuer or the Servicer is unable to obtain a protective order
or other proper remedy by the date that the information is required to be disclosed, the Asset Representations Reviewer will disclose only that part of the Confidential Information that it is advised by its legal counsel it is legally required to
disclose. 
 (e) Responsibility for Information Recipients. The Asset Representations Reviewer will be responsible for a breach
of this Section 4.09 by its Information Recipients. 
 (f) Violation. The Asset Representations Reviewer agrees that a violation
of this Agreement may cause irreparable injury to the Seller or the Servicer and each of the Seller and the Servicer may seek injunctive relief in addition to legal remedies. If an action is initiated by the Seller or the Servicer to enforce
compliance by the Asset Representations Reviewer with this Section 4.09, the prevailing party will be entitled to reimbursement of costs and expenses, including reasonable attorney’s fees, incurred by it for the enforcement. 

Section 4.10. Personally Identifiable Information. 

(a) Definitions. “Personally Identifiable Information” or “PII” means information in any format about
an identifiable individual, including, name, address, phone number, e-mail address, account number(s), identification number(s), any other actual or assigned attribute associated with or identifiable to an individual and any information that when
used separately or in combination with other information could identify an individual. “Citibank PII” means PII furnished by the Issuer, the Servicer or their Affiliates to the Asset Representations Reviewer and PII developed
or otherwise collected or acquired by the Asset Representations Reviewer in performing its obligations under this Agreement. For the avoidance of doubt, any identification number(s) provided by the Issuer or the Servicer to the Asset
Representations Reviewer in connection with the Accounts will be randomly generated and shall not be considered to be PII. 
 (b) Use of
Citibank PII. Neither the Issuer nor the Servicer grants the Asset Representations Reviewer any rights to Citibank PII. Neither the Issuer nor the Servicer intends to share, provide or supply any Citibank PII to the Asset
Representations Reviewer. However, if the Asset Representations Reviewer receives any Citibank PII, the Asset Representations Reviewer will immediately (i) notify the Servicer and (ii) indefeasibly delete and destroy such Citibank
PII. Notwithstanding the foregoing, the Asset Representations Reviewer must comply with all laws applicable to PII, Citibank PII and the Asset Representations Reviewer’s business, including any legally required codes of conduct, including
those relating to privacy, security and data protection. The Asset Representations Reviewer will implement and maintain reasonable and appropriate practices, procedures and systems, including administrative, technical and physical safeguards to
(i) protect the security, confidentiality and integrity of Citibank PII, (ii) ensure against anticipated threats or hazards to the security or integrity of Citibank PII, (iii) 

  
 -16- 

 
protect against unauthorized access to or use of Citibank PII and (iv) otherwise comply with its obligations under this Agreement. These safeguards include a written data security plan,
employee training, information access controls, restricted disclosures, systems protections (e.g., intrusion protection, data storage protection and data transmission protection) and physical security measures. 

(c) Additional Limitations. In addition to the use and protection requirements described in Section 4.10(b), the Asset Representations
Reviewer’s disclosure of Citibank PII is also subject to the following requirements: 
 (i) The Asset Representations Reviewer will not
disclose Citibank PII to its personnel or allow its personnel access to Citibank PII. The Asset Representations Reviewer will inform personnel with access to Citibank PII of the confidentiality requirements in this Agreement and train its
personnel who may access Citibank PII on the proper deletion of and protection of Citibank PII. 
 (ii) The Asset Representations Reviewer
will not sell, disclose, provide or exchange Citibank PII with or to any third party without the prior consent of the Servicer. 
 (d)
Notice of Breach. The Asset Representations Reviewer will notify the Issuer and the Servicer promptly in the event of an actual or reasonably suspected security breach, unauthorized access, misappropriation or other compromise of the
security, confidentiality or integrity of Citibank PII, if any, and, where applicable, immediately take action to prevent any further breach. 

(e) Disposal of Citibank PII. Except where return or disposal is prohibited by applicable law, promptly on receipt of, any
Citibank PII in any medium the Asset Representations Reviewer will destroy such Citibank PII in a manner that prevents its recovery or restoration without charge to the Issuer. 

(f) Compliance; Modification. The Asset Representations Reviewer will cooperate with and provide information to the Issuer and the
Servicer regarding the Asset Representations Reviewer’s compliance with this Section 4.10. The Asset Representations Reviewer and the Servicer agree to modify this Section 4.10 as necessary from time to time for either party to comply with
applicable law. 
 (g) Audit of Asset Representations Reviewer. The Asset Representations Reviewer will permit the Issuer and
the Servicer and their authorized representatives to audit the Asset Representations Reviewer’s compliance with this Section 4.10 during the Asset Representations Reviewer’s normal business hours on reasonable advance notice to the Asset
Representations Reviewer, and not more than once during any year unless circumstances necessitate additional audits. The Asset Representations Reviewer will also permit each of the Issuer and the Servicer during normal business hours on
reasonable advance written notice to audit any service providers used by the Asset Representations Reviewer to fulfill the Asset Representations Reviewer’s obligations under this Agreement. 

  
 -17- 

 (h) Affiliates and Third Parties. If the Asset Representations Reviewer processes the
PII of the Issuer’s Affiliates or a third party when performing a Review, and if such Affiliate or third party is identified to the Asset Representations Reviewer, such Affiliate or third party is an intended third-party beneficiary of this
Section 4.10, and this Agreement is intended to benefit the Affiliate or third party. The Affiliate or third party will be entitled to enforce the PII related terms of this Section 4.10 against the Asset Representations Reviewer as if each were
a signatory to this Agreement. 
 ARTICLE V. 

RESIGNATION AND REMOVAL; SUCCESSOR ASSET
REPRESENTATIONS REVIEWER 
 Section 5.01. Eligibility Requirements for Asset
Representations Reviewer. The Asset Representations Reviewer must be a Person who (a) is not Affiliated with the Seller, the Servicer, the Indenture Trustee, the Master Trust Trustee, the Issuer Trustee or any of their Affiliates and (b)
was not, and is not Affiliated with a Person that was, engaged by the Seller, the Servicer, or any underwriter to perform any due diligence on the Receivables. 

Section 5.02. Resignation and Removal of Asset Representations Reviewer. 

(a) Resignation or Voluntary Removal of Asset Representations Reviewer. The Servicer may, subject to the restrictions of this
Section 5.02(a), remove the Asset Representations Reviewer for any reason or for no reason at any time upon thirty (30) calendar days’ prior written notice to the Asset Representations Reviewer. The Asset Representations Reviewer may,
subject to the restrictions of this Section 5.02(a), resign as Asset Representations Reviewer for any reason or no reason at any time upon sixty (60) calendar days’ prior written notice to the Seller and the Servicer. No notice of removal
or resignation of the Asset Representations Reviewer may be delivered under this Section 5.02(a) (i) if an Asset Representations Review is ongoing, (ii) on any date that is not more than 90 calendar days after the occurrence of the filing of a
Securities Exchange Act Form 10-D reporting that a Delinquency Trigger has occurred, (iii) if the Master Trust Trustee is conducting a vote of all Holders of Investor Certificates pursuant to Section 14.02(b) of the Pooling and Servicing Agreement
as to whether a Review should be conducted or (iv) if the Delinquency Percentage for the immediately preceding Due Period was equal to or greater than 7.00%. Notwithstanding this Section 5.02(a), if Additional Accounts are designated to the
Trust in connection with the securitization that (i) were originated under substantially different underwriting standards than the Accounts designated to the Trust on the Effective Date and (ii) materially and adversely change the credit composition
of the Receivables owned by the Trust, the parties to this Agreement shall commence good faith negotiations to modify the provisions regarding the resignation of the Asset Representations Reviewer in this Agreement. Notwithstanding anything in
this Agreement to the contrary, the Asset Representations Reviewer may resign and terminate this Agreement if it does not receive any undisputed payment due under this Agreement (including Section 4.06) or the Fee Letter, which failure continues
un-remedied for a period of thirty (30) days after written notice of such failure shall have been given to the Seller and the Servicer (the “Cure Period”). If an instrument of acceptance by a successor Asset Representations
Reviewer shall not have been entered into and delivered to the Seller and the 

  
 -18- 

 
Servicer within thirty (30) days after the end of the Cure Period, the resigning Asset Representations Reviewer may petition a court of competent jurisdiction for the appointment of a successor
Asset Representations Reviewer. 
 (b) Removal of Asset Representations Reviewer for Cause. If any of the following events
occur, the Servicer, by ten (10) calendar days’ written notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement: 

(i) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.01; 

(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or 

(iii) an Insolvency Event of the Asset Representations Reviewer occurs. 

(c) Notice of Resignation or Removal. The Servicer will notify the Issuer and the Master Trust Trustee of any resignation or
removal of the Asset Representations Reviewer. 
 (d) Continue to Perform After Resignation or Removal. No resignation or
removal of the Asset Representations Reviewer will be effective, and the Asset Representations Reviewer will continue to perform its obligations under this Agreement, until the date set forth in Section 5.03(b). 

Section 5.03. Successor Asset Representations Reviewer. 

(a) Engagement of Successor Asset Representations Reviewer. Following receipt of notice of the resignation or removal of the Asset
Representations Reviewer, the Servicer will use commercially reasonable efforts to engage a successor Asset Representations Reviewer who meets the eligibility requirements of Section 5.01 within ninety (90) calendar days of such resignation or
removal. If no successor asset representations reviewer has been appointed by the ninetieth (90th) day after notice of resignation or removal of the Asset Representations Reviewer, the Asset
Representations Reviewer shall be entitled to petition a court of competent jurisdiction for the appointment of a successor asset representations reviewer that meets the eligibility criteria of Section 5.01. 

(b) Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective
until the earlier of (i) the date a successor Asset Representations Reviewer has executed and delivered to the Seller and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations
Reviewer under this Agreement or entering into a new agreement with the Seller and the Servicer on substantially the same terms as this Agreement and (ii) the date on which no Notes, other than any Notes held by Citibank, are Outstanding; provided
that, if a notice of resignation or removal of the Asset Representations Reviewer has been delivered and no successor Asset Representations Reviewer has been appointed, Citibank shall ensure that Issuer shall not issue

  
 -19- 

 
Notes having a Legal Maturity Date longer than the latest occurring Legal Maturity Date of the Notes Outstanding as of the date such resignation or removal notice is received or delivered, as
applicable, by the Seller or the Servicer. 
 (c) Transition and Expenses. If the Asset Representations Reviewer resigns or is
removed, the Asset Representations Reviewer will cooperate with the Servicer and take all actions reasonably requested to assist the Servicer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under
this Agreement to the successor Asset Representations Reviewer. In no event will the Asset Representations Reviewer be responsible for any costs or expenses of any third party in connection with transitioning the Asset Representations
Reviewer’s obligations under this Agreement; provided, that the resigning or terminated Asset Representations Reviewer shall bear its own costs and expenses in connection with ceasing to be an Asset Representations Reviewer hereunder. 

Section 5.04. Merger, Consolidation or Succession. Any Person (a) into which the Asset Representations
Reviewer is merged or consolidated, (b) resulting from any merger or consolidation to which the Asset Representations Reviewer is a party or (c) succeeding to the business of the Asset Representations Reviewer, if that Person meets the eligibility
requirements in Section 5.01, will be the successor to the Asset Representations Reviewer under this Agreement. Such Person will execute and deliver to the Seller and the Servicer an agreement to assume the Asset Representations Reviewer’s
obligations under this Agreement (unless the assumption occurs by operation of law). 

  
 -20- 

 ARTICLE VI. 

OTHER AGREEMENTS 

Section 6.01. Independence of Asset Representations Reviewer. The Asset Representations Reviewer will be
an independent contractor and will not be subject to the supervision of the Issuer, the Seller, the Servicer, the Master Trust Trustee, or the Indenture Trustee for the manner in which it accomplishes the performance of its obligations under this
Agreement. Unless authorized by the Seller or the Servicer, the Asset Representations Reviewer will have no authority to act for or represent the Issuer and will not be considered an agent of the Issuer, the Seller, the Servicer, the Master
Trust Trustee, or the Indenture Trustee. Nothing in this Agreement will make the Asset Representations Reviewer and any of the Issuer, the Seller, the Servicer, the Master Trust Trustee, the Issuer Trustee or the Indenture Trustee members of
any partnership, joint venture or other separate entity or impose any liability as such on any of them. 

Section 6.02. No Petition. Each of the parties agrees that, before the date that is one year and one day
(or, if longer, any applicable preference period) after payment in full of (a) all securities issued by Citibank or by the Issuer or (b) the Notes, it will not start or pursue against, or join any other Person in starting or pursuing against the
Issuer any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other proceedings under any bankruptcy or similar law. This Section 6.02 will survive the termination of this Agreement. 

Section 6.03. Termination of Agreement. This Agreement will terminate, except for Section 4.04, the
obligations under Section 4.06 or as otherwise stated in this Agreement, on the earlier of (a) the payment in full of all Outstanding Notes and the satisfaction and discharge of the Indenture and (b) the date the Issuer is terminated under the Trust
Agreement. 
 ARTICLE VII. 

MISCELLANEOUS PROVISIONS 

Section 7.01. Amendments. 

(a) This Agreement can only be modified in a written document executed by the parties hereto. Notwithstanding anything to the contrary in
this Agreement, so long as any Note is Outstanding, this Agreement may not be modified, altered, supplemented or amended unless (a) such amendment shall not, as evidenced by an opinion of counsel or officer’s certificate, materially and
adversely affect the interests of the holders of any Outstanding Note or (b) the Rating Agency Condition is satisfied with respect to such amendment except: (i) to clarify an ambiguity, correct an error or correct or supplement any term of this
Agreement that may be defective or inconsistent with the other terms of this Agreement or to provide for, or facilitate the acceptance of this Agreement by, a successor Asset Representations Reviewer or (ii) to convert or supplement any provision in
a manner consistent with the intent of this Agreement. This Agreement may also be amended from time to time by the parties hereto, with the consent of Holders of Investor Certificates representing more than 50% of the aggregate unpaid principal

  
 -21- 

 
amount of all outstanding Investor Certificates, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in
any manner the rights of the Investor Certificates. 
 (b) Notice of Amendments. The Servicer will notify the Rating Agencies in
advance of any amendment to this Agreement. Promptly after the execution of an amendment, the Servicer will deliver a copy of the amendment to the Rating Agencies. 

Section 7.02. Assignment; Benefit of Agreement; Third Party Beneficiaries. 

(a) Assignment. Except as stated in Section 5.04, this Agreement may not be assigned by the Asset Representations Reviewer without
the consent of the Seller and the Servicer. 
 (b) Benefit of Agreement; Third-Party Beneficiaries. This Agreement is for the
benefit of and will be binding on the parties and their permitted successors and assigns. Each of the Indenture Trustee, for the benefit of the Noteholders, and the Master Trust Trustee, for the benefit of the Holders of Investor Certificates,
will be a third-party beneficiary of this Agreement entitled to enforce this Agreement against the Asset Representations Reviewer, the Seller and the Servicer. No other Person will have any right or obligation under this Agreement. 

Section 7.03. Effectiveness. This Agreement shall be effective as of the Effective Date. 

Section 7.04. Notices. 

(a) Delivery of Notices. All notices, requests, demands, consents, waivers or other communications to or from the parties must be
in writing and will be considered given: 
 (i) on delivery or, for a letter mailed by registered first class mail, postage prepaid, three
days after deposit in the mail; 
 (ii) for a fax, when receipt is confirmed by telephone, reply email or reply fax from the recipient;

 (iii) for an email, when receipt is confirmed by telephone or reply email from the recipient; and 

(iv) for an electronic posting to a password-protected website to which the recipient has access, on delivery (without the requirement of
confirmation of receipt) of an email to that recipient stating that the electronic posting has occurred. 
 (b) Notice
Addresses. Any notice, request, demand, consent, waiver or other communication will be delivered or addressed to (i) (a) in the case of the Seller, 701 E. 60th Street, North, Sioux Falls, South Dakota 57117, Attention: Securitization
Accounting, telecopy: 605-331-4442 or 7232 and email as separately provided by the Seller to the other parties to this Agreement, (b) in the case of the Servicer, 701 E. 60th Street, North, Sioux Falls, South Dakota

  
 -22- 

 
57117, Attention: Securitization Accounting, telecopy: 605-331-4442 or 7232 and email as separately provided by the Servicer to the other parties to this Agreement, and (c) in the case of the
Asset Representations Reviewer, 3 Times Square, 10th floor, New York, New York 10036, Attention: Hansol Kim, telecopy (212) 841-9350 and email as separately provided by the Asset Representations Reviewer to the other parties to this Agreement; or,
(ii) as to each party, at such other address or email as shall be designated by such party in a written notice to each other party. 

Section 7.05. Outstanding Investor Certificates or Notes . The Asset Representations Reviewer
acknowledges and agrees that, for the purposes of the determination whether the requisite percentage of Holders of Investor Certificates have given any direction, notice, or consent relating to a Review, such determination to be undertaken pursuant
to the terms of the Pooling and Servicing Agreement, any Investor Certificates or Notes owned by the Asset Representations Reviewer or any of its Affiliates will be disregarded and deemed not to be outstanding. 

Section 7.06. GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 7.07. Submission to Jurisdiction. Each party submits to the nonexclusive jurisdiction of any
federal or state court in the state of New York for legal proceedings relating to this Agreement. Each party irrevocably waives, to the fullest extent permitted by law, any objection that it may now or in the future have to the venue of a
proceeding brought in such a court and any claim that the proceeding has been brought in an inconvenient forum. 

Section 7.08. WAIVER OF JURY TRIAL. EACH PARTY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY LAW, THE RIGHT TO TRIAL BY JURY IN LEGAL PROCEEDING RELATING TO THIS AGREEMENT. 
 Section 7.09.
No Waiver; Remedies. No party’s failure or delay in exercising a power, right or remedy under this Agreement will operate as a waiver. No single or partial exercise of a power, right or remedy will preclude any other or further
exercise of the power, right or remedy or the exercise of any other power, right or remedy. The powers, rights and remedies under this Agreement are in addition to any powers, rights and remedies under law. 

Section 7.10. Severability. If a part of this Agreement is held invalid, illegal or unenforceable, then
it will be deemed severable from the remaining Agreement and will not affect the validity, legality or enforceability of the remaining Agreement. 

Section 7.11. Headings. The headings in this Agreement are included for convenience and will not affect
the meaning or interpretation of this Agreement. 
 Section 7.12. Counterparts. This Agreement may be
executed in multiple counterparts. Each counterpart will be an original and all counterparts will together be one document. 

  
 -23- 

 IN WITNESS WHEREOF, Citibank and the Asset
Representations Reviewer have caused their names to be signed hereto by their respective officers thereunto duly authorized as of the date first above written. 

 

							
	CITIBANK, N. A., as Seller and Servicer
		
	By:	 	  

		 	Name: 	 	  

		 	Title: 	 	  

	
	 FTI CONSULTING, INC., as Asset Representations
Reviewer

		
	By:	 	  

		 	Name: 	 	  

		 	Title: 	 	  

  
 [Signature Page to
Asset Representations Review Agreement (Citibank)] 

 EXHIBIT A 

Representations and Warranties and Review Procedures 
  

							
	 Section Reference
	  	 Representation
	  	 Review Materials
	  	 Tests

	 Representation [1]
  

Pooling and Servicing Agreement Section [    ]
	  	[Text of Representation]	  	 1. [    ]
  

2. [    ]
  

[    ]
	  	 1. [    ]
  

2. [    ]
  

[    ]
  

If [    ], [    ] and [    ] are confirmed, then Test Pass.

				
	 Representation [2]
  

Pooling and Servicing Agreement Section [    ]
	  	[Text of Representation]	  	 1. [    ]
  

2. [    ]
  

[    ]
	  	 1. [    ]
  

2. [    ]
  

[    ]
  

If [    ], [    ] and [    ] are confirmed, then Test Pass.

				
	 Representation [    ]
  

Pooling and Servicing Agreement Section [    ]
	  	[Text of Representation]	  	[    ]	  	[    ]

  
 -A-1-

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