Document:

Exhibit 4.1

 Exhibit 4.1 

CHASE ISSUANCE TRUST 
 as Issuing
Entity 
 and 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee 
  

 
 FOURTH AMENDED
AND RESTATED 
 INDENTURE 

dated as of [            ], 2016 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
			
	Section 1.01	 	 Definitions
	  	 	4	  
	Section 1.02	 	 Compliance Certificates and Opinions
	  	 	23	  
	Section 1.03	 	 Form of Documents Delivered to Indenture Trustee
	  	 	24	  
	Section 1.04	 	 Acts of Noteholders
	  	 	24	  
	Section 1.05	 	 Notices, etc., to Indenture Trustee and Issuing Entity
	  	 	26	  
	Section 1.06	 	 Notices to Noteholders; Waiver
	  	 	27	  
	Section 1.07	 	 Conflict with Trust Indenture Act
	  	 	28	  
	Section 1.08	 	 Effect of Headings and Table of Contents
	  	 	28	  
	Section 1.09	 	 Successors and Assigns
	  	 	28	  
	Section 1.10	 	 Separability
	  	 	28	  
	Section 1.11	 	 Benefits of Indenture
	  	 	28	  
	Section 1.12	 	 Governing Law
	  	 	28	  
	Section 1.13	 	 Counterparts
	  	 	29	  
	Section 1.14	 	 Indenture Referred to in the Trust Agreement
	  	 	29	  
	Section 1.15	 	 Legal Holidays
	  	 	29	  
	
	ARTICLE II	  
	
	NOTE FORMS	  
			
	Section 2.01	 	 Forms Generally
	  	 	30	  
	Section 2.02	 	 Forms of Notes
	  	 	30	  
	Section 2.03	 	 Form of Indenture Trustee’s Certificate of Authentication
	  	 	30	  
	Section 2.04	 	 Notes Issuable in the Form of a Global Note
	  	 	31	  
	Section 2.05	 	 Temporary Global Notes and Permanent Global Notes
	  	 	33	  
	Section 2.06	 	 Beneficial Ownership of Global Notes
	  	 	35	  
	Section 2.07	 	 Notices to Depository
	  	 	35	  
	
	ARTICLE III	  
	
	THE NOTES	  
			
	Section 3.01	 	 General Title; General Limitations; Issuable in Series; Terms of a Series, Class or Tranche of Notes
	  	 	36	  
	Section 3.02	 	 Denominations and Currency
	  	 	39	  
	Section 3.03	 	 Execution, Authentication and Delivery and Dating
	  	 	40	  
	Section 3.04	 	 Temporary Notes
	  	 	41	  
	Section 3.05	 	 Registration, Transfer and Exchange
	  	 	41	  
	Section 3.06	 	 Mutilated, Destroyed, Lost and Stolen Notes
	  	 	44	  

  
 i 

							
	Section 3.07	 	 Payment of Interest; Interest and Principal Rights Preserved; Withholding Taxes
	  	 	45	  
	Section 3.08	 	 Persons Deemed Owners
	  	 	45	  
	Section 3.09	 	 Cancellation
	  	 	46	  
	Section 3.10	 	 New Issuances of Notes
	  	 	46	  
	Section 3.11	 	 Specification of Required Subordinated Amount and other Terms with Respect to each Series, Class or Tranche of Notes
	  	 	48	  
	Section 3.12	 	 Shared Excess Available Finance Charge Collections Groups and Other Groups
	  	 	48	  
	Section 3.13	 	 Unapplied Excess Finance Charge Collections
	  	 	48	  
	Section 3.14	 	 Unapplied Master Trust Level Excess Finance Charge Collections
	  	 	49	  
	Section 3.15	 	 Unapplied Master Trust Level Principal Collections
	  	 	50	  
	
	ARTICLE IV	  
	
	BANK ACCOUNTS AND INVESTMENTS	  
			
	Section 4.01	 	 Collections
	  	 	51	  
	Section 4.02	 	 Bank Accounts
	  	 	51	  
	Section 4.03	 	 Investment of Funds in the Bank Accounts
	  	 	52	  
	
	ARTICLE V	  
	
	SATISFACTION AND DISCHARGE; CANCELLATION OF NOTES HELD BY THE
ISSUING ENTITY, CHASE CARD FUNDING OR CHASE USA	   
			
	Section 5.01	 	 Satisfaction and Discharge of Indenture
	  	 	54	  
	Section 5.02	 	 Application of Trust Money
	  	 	54	  
	Section 5.03	 	 Cancellation of Notes Held by the Issuing Entity, Chase Card Funding or Chase USA
	  	 	55	  
	
	ARTICLE VI	  
	
	EVENTS OF DEFAULT AND REMEDIES	  
			
	Section 6.01	 	 Events of Default
	  	 	56	  
	Section 6.02	 	 Acceleration of Maturity; Rescission and Annulment
	  	 	57	  
	Section 6.03	 	 Collection of Indebtedness and Suits for Enforcement by Indenture Trustee or the Collateral Agent on Behalf of the Indenture
Trustee
	  	 	59	  
	Section 6.04	 	 Indenture Trustee or the Collateral Agent May File Proofs of Claim
	  	 	59	  
	Section 6.05	 	 Indenture Trustee and the Collateral Agent May Enforce Claims Without Possession of Notes
	  	 	60	  
	Section 6.06	 	 Application of Money Collected
	  	 	61	  
	Section 6.07	 	 Collateral Agent May Elect to Hold the Collateral Certificate
	  	 	61	  
	Section 6.08	 	 Sale of Collateral for Accelerated Notes
	  	 	61	  

  
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	Section 6.09	 	 Noteholders Have the Right to Direct the Time, Method and Place of Conducting Any Proceeding for Any Remedy Available to the Indenture
Trustee or the Collateral Agent
	  	 	62	  
	Section 6.10	 	 Limitation on Suits
	  	 	62	  
	Section 6.11	 	 Unconditional Right of Noteholders to Receive Principal and Interest; Limited Recourse
	  	 	63	  
	Section 6.12	 	 Restoration of Rights and Remedies
	  	 	63	  
	Section 6.13	 	 Rights and Remedies Cumulative
	  	 	63	  
	Section 6.14	 	 Delay or Omission Not Waiver
	  	 	63	  
	Section 6.15	 	 Control by Noteholders
	  	 	64	  
	Section 6.16	 	 Waiver of Past Defaults
	  	 	64	  
	Section 6.17	 	 Undertaking for Costs
	  	 	65	  
	Section 6.18	 	 Waiver of Stay or Extension Laws
	  	 	65	  
	
	ARTICLE VII	  
	
	THE INDENTURE TRUSTEE	  
			
	Section 7.01	 	 Certain Duties and Responsibilities
	  	 	66	  
	Section 7.02	 	 Notice of Defaults
	  	 	67	  
	Section 7.03	 	 Certain Rights of Indenture Trustee
	  	 	67	  
	Section 7.04	 	 Not Responsible for Recitals or Issuance of Notes
	  	 	68	  
	Section 7.05	 	 May Hold Notes
	  	 	69	  
	Section 7.06	 	 Money Held in Trust
	  	 	69	  
	Section 7.07	 	 Compensation and Reimbursement, Limit on Compensation, Reimbursement and Indemnity
	  	 	69	  
	Section 7.08	 	 Disqualification; Conflicting Interests
	  	 	70	  
	Section 7.09	 	 Corporate Indenture Trustee Required; Eligibility
	  	 	70	  
	Section 7.10	 	 Resignation and Removal; Appointment of Successor
	  	 	70	  
	Section 7.11	 	 Acceptance of Appointment by Successor
	  	 	72	  
	Section 7.12	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	73	  
	Section 7.13	 	 Preferential Collection of Claims Against Issuing Entity
	  	 	73	  
	Section 7.14	 	 Appointment of Authenticating Agent
	  	 	73	  
	Section 7.15	 	 Tax Returns
	  	 	75	  
	Section 7.16	 	 Representations and Covenants of the Indenture Trustee
	  	 	76	  
	Section 7.17	 	 Custody of Collateral Certificates and Collateral
	  	 	76	  
	Section 7.18	 	 Indenture Trustee’s Application for Instructions from the Issuing Entity
	  	 	76	  
	
	ARTICLE VIII	  
	
	NOTEHOLDERS’ MEETINGS, LISTS, REPORTS BY INDENTURE TRUSTEE AND ISSUING ENTITY	  
			
	Section 8.01	 	 Issuing Entity To Furnish Indenture Trustee Names and Addresses of Noteholders
	  	 	77	  
	Section 8.02	 	 Preservation of Information; Communications to Noteholders
	  	 	77	  

  
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	Section 8.03	 	 Reports by Indenture Trustee
	  	 	79	  
	Section 8.04	 	 Meetings of Noteholders; Amendments and Waivers
	  	 	80	  
	Section 8.05	 	 Reports by Issuing Entity to the Commission
	  	 	82	  
	Section 8.06	 	 Monthly Noteholders’ Statement
	  	 	83	  
	Section 8.07	 	 Payment Instruction to Master Trust
	  	 	83	  
	
	ARTICLE IX	  
	
	INDENTURE SUPPLEMENTS; AMENDMENTS TO THE POOLING AND
SERVICING AGREEMENT AND AMENDMENTS TO THE TRUST AGREEMENT	   
			
	Section 9.01	 	 Supplemental Indentures and Amendments Without Consent of Noteholders
	  	 	85	  
	Section 9.02	 	 Supplemental Indentures with Consent of Noteholders
	  	 	87	  
	Section 9.03	 	 Execution of Amendments and Indenture Supplements
	  	 	88	  
	Section 9.04	 	 Effect of Amendments and Indenture Supplements
	  	 	88	  
	Section 9.05	 	 Conformity with Trust Indenture Act
	  	 	89	  
	Section 9.06	 	 Reference in Notes to Indenture Supplements
	  	 	89	  
	Section 9.07	 	 Amendments to the Pooling and Servicing Agreement
	  	 	89	  
	Section 9.08	 	 Amendments to the Trust Agreement
	  	 	90	  
	
	ARTICLE X	  
	
	REPRESENTATIONS, WARRANTIES AND COVENANTS OF ISSUING ENTITY	  
			
	Section 10.01	 	 Payment of Principal and Interest
	  	 	91	  
	Section 10.02	 	 Maintenance of Office or Agency
	  	 	91	  
	Section 10.03	 	 Money for Note Payments to be Held in Trust
	  	 	91	  
	Section 10.04	 	 Statement as to Compliance
	  	 	93	  
	Section 10.05	 	 Legal Existence
	  	 	93	  
	Section 10.06	 	 Further Instruments and Acts
	  	 	94	  
	Section 10.07	 	 Compliance with Laws
	  	 	94	  
	Section 10.08	 	 Notice of Events of Default
	  	 	94	  
	Section 10.09	 	 Certain Negative Covenants
	  	 	94	  
	Section 10.10	 	 No Other Business
	  	 	94	  
	Section 10.11	 	 Rule 144A Information
	  	 	95	  
	Section 10.12	 	 Performance of Obligations; Servicing of Receivables
	  	 	95	  
	Section 10.13	 	 Issuing Entity May Consolidate, Etc., Only on Certain Terms
	  	 	95	  
	Section 10.14	 	 Successor Substituted
	  	 	97	  
	Section 10.15	 	 Guarantees, Loans, Advances and Other Liabilities
	  	 	97	  
	Section 10.16	 	 Capital Expenditures
	  	 	98	  
	Section 10.17	 	 Restricted Payments
	  	 	98	  
	Section 10.18	 	 No Borrowing
	  	 	98	  

  
 iv 

							
	ARTICLE XI	  
	
	EARLY AMORTIZATION OF NOTES	  
			
	Section 11.01	 	 Applicability of Article
	  	 	99	  
	Section 11.02	 	 Optional Repurchase
	  	 	100	  
	Section 11.03	 	 Notice
	  	 	101	  
	
	ARTICLE XII	  
	
	MISCELLANEOUS	  
			
	Section 12.01	 	 No Petition
	  	 	102	  
	Section 12.02	 	 Trust Obligations
	  	 	102	  
	Section 12.03	 	 Limitations on Liability
	  	 	102	  
	Section 12.04	 	 Tax Treatment
	  	 	103	  
	Section 12.05	 	 Actions Taken by the Issuing Entity
	  	 	103	  
	Section 12.06	 	 Alternate Payment Provisions
	  	 	103	  
	Section 12.07	 	 Termination of Issuing Entity
	  	 	103	  
	Section 12.08	 	 Final Distribution
	  	 	103	  
	Section 12.09	 	 Termination Distributions
	  	 	104	  
	Section 12.10	 	 Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider as Third-Party
Beneficiary
	  	 	104	  
	Section 12.11	 	 Notices
	  	 	105	  
	Section 12.12	 	 No Asset Pool Other Than Asset Pool One
	  	 	106	  
	
	ARTICLE XIII	  
	
	COMPLIANCE WITH REGULATION AB	  
			
	Section 13.01	 	 Intent of Parties; Reasonableness
	  	 	107	  
	Section 13.02	 	 Additional Representations and Warranties of the Indenture Trustee
	  	 	107	  
	Section 13.03	 	 Information to be Provided by the Indenture Trustee
	  	 	107	  
	Section 13.04	 	 Report on Assessment of Compliance and Attestation; Annual Certification; Notice of Repurchase Requests
	  	 	108	  
	Section 13.05	 	 Asset Representations Review
	  	 	109	  
	Section 13.06	 	 Dispute Resolution
	  	 	110	  
	Section 13.07	 	 Investor Communications
	  	 	111	  

  
 v 

 EXHIBITS 
  

			
		
	EXHIBIT A	  	FORM OF INVESTMENT LETTER
		
	EXHIBIT B-1	  	FORM OF CLEARANCE SYSTEM CERTIFICATE TO BE GIVEN TO THE INDENTURE TRUSTEE BY EUROCLEAR OR CLEARSTREAM FOR DELIVERY OF DEFINITIVE NOTES IN EXCHANGE FOR A PORTION OF A TEMPORARY GLOBAL NOTE
		
	EXHIBIT B-2	  	FORM OF CERTIFICATE TO BE DELIVERED TO EUROCLEAR OR CLEARSTREAM BY A BENEFICIAL OWNER OF NOTES WITH RESPECT TO REGISTERED NOTES SOLD TO QUALIFIED INSTITUTIONAL BUYERS
		
	EXHIBIT B-3	  	FORM OF CERTIFICATE TO BE DELIVERED TO EUROCLEAR OR CLEARSTREAM BY A BENEFICIAL OWNER OF NOTES, OTHER THAN A QUALIFIED INSTITUTIONAL BUYER
		
	EXHIBIT C	  	FORM OF ANNUAL CERTIFICATION
		
	EXHIBIT D	  	SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE
		
	EXHIBIT E	  	FORM OF CHASE ISSUANCE TRUST INDENTURE TRUSTEE’S CERTIFICATE
		
	EXHIBIT F	  	FORM OF REPURCHASE REQUEST CERTIFICATE
		
	EXHIBIT G	  	FORM OF REVIEW NOTICE

  
 vi 

   

RECONCILIATION AND TIE BETWEEN TRUST INDENTURE 

ACT OF 1939 AND INDENTURE PROVISIONS*1 

 

											
	 Trust Indenture Act Section
	  	 	  	 	  	 	  	 	  	 Indenture Section

	310(a)(1)	  		  		  		  		  	7.09
	      (a)(2)	  		  		  		  		  	7.09
	      (a)(3)	  		  		  		  		  	7.11
	      (a)(4)	  		  		  		  		  	Not Applicable
	      (a)(5)	  		  		  		  		  	7.09
	      (b)	  		  		  		  		  	7.08, 7.10(d)(i)
	      (c)	  		  		  		  		  	Not Applicable
	311(a)	  		  		  		  		  	7.13
	      (b)	  		  		  		  		  	7.13
	      (c)	  		  		  		  		  	Not Applicable
	312(a)	  		  		  		  		  	8.01
	      (b)	  		  		  		  		  	8.02(b)
	      (c)	  		  		  		  		  	8.02(c)
	313(a)	  		  		  		  		  	8.03(a)
	      (b)	  		  		  		  		  	8.03(c)
	      (c)	  		  		  		  		  	8.03(a), 8.03(c)
	      (d)	  		  		  		  		  	8.03(d)
	314(a)	  		  		  		  		  	8.05,10.04
	      (b)	  		  		  		  		  	1.02, 3.03(d)
	      (c)(1)	  		  		  		  		  	1.02
	      (c)(2)	  		  		  		  		  	1.02
	      (c)(3)	  		  		  		  		  	1.02
	      (d)(1)	  		  		  		  		  	Not Applicable
	      (d)(2)	  		  		  		  		  	Not Applicable
	      (d)(3)	  		  		  		  		  	Not Applicable
	      (e)	  		  		  		  		  	1.02
	315(a)	  		  		  		  		  	7.01(a), 7.01(b)
	      (b)	  		  		  		  		  	7.02
	      (c)	  		  		  		  		  	7.01(c)
	      (d)	  		  		  		  		  	7.01(d)
	      (d)(1)	  		  		  		  		  	7.01(d)
	      (d)(2)	  		  		  		  		  	7.01(d)(ii)
	      (d)(3)	  		  		  		  		  	7.01(d)(iii)
	      (e)	  		  		  		  		  	6.17

  

	1 	To be confirmed. 

  
 vii 

											
	316(a)(1)(A)	  		  		  		  		  	6.09
	316(a)(1)(B)	  		  		  		  		  	6.16
	316(a)(2)	  		  		  		  		  	Not Applicable
	316(b)	  		  		  		  		  	6.11
	316(c)	  		  		  		  		  	Not Applicable
	317(a)(1)	  		  		  		  		  	6.03
	317(a)(2)	  		  		  		  		  	6.04
	317(b)	  		  		  		  		  	10.03(a), 10.03(b)
	318(a)	  		  		  		  		  	1.07

  

	*	This reconciliation and tie shall not, for any purpose, be deemed to be part of the within indenture. 

  
 viii 

 This FOURTH AMENDED AND RESTATED INDENTURE, by and between CHASE ISSUANCE TRUST, a statutory
trust organized under the laws of the State of Delaware (the “Issuing Entity”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, in its capacity as Indenture Trustee (the “Indenture
Trustee”), is made and entered into as of [            ], 2016. 

RECITALS OF THE ISSUING ENTITY 

WHEREAS, the Issuing Entity and the Indenture Trustee have heretofore executed and delivered an Indenture, dated as of May 1, 2002 (as
amended, supplemented or otherwise modified, the “Original Indenture”), by and between the Issuing Entity and the Indenture Trustee; 

WHEREAS, the Issuing Entity and the Indenture Trustee have heretofore executed and delivered an Amended and Restated Indenture, dated as of
October 15, 2004 (as amended, supplemented or otherwise modified, the “Amended and Restated Indenture”), by and between the Issuing Entity and the Indenture Trustee, as amended by the Amendment thereto, dated as of
February 1, 2006, by and between the Issuing Entity and the Indenture Trustee; 
 WHEREAS, the Issuing Entity and the Indenture Trustee
have heretofore executed and delivered a Second Amended and Restated Indenture, dated as of March 14, 2006 (as amended, supplemented or otherwise modified, the “Second Amended and Restated Indenture”), by and between the
Issuing Entity and the Indenture Trustee; 
 WHEREAS, the Issuing Entity and the Indenture Trustee have heretofore executed and delivered a
Third Amended and Restated Indenture, dated as of December 19, 2007 (as amended, supplemented or otherwise modified, the “Third Amended and Restated Indenture”), by and between the Issuing Entity and the Indenture Trustee; 

WHEREAS, Chase Card Funding LLC (“Chase Card Funding”) was created as a Delaware limited liability company on
November 1, 2015, and is governed pursuant to a Second Amended and Restated Limited Liability Company Agreement, dated as of [    ], 2016 (the “LLC Agreement”), by Chase Bank USA, National Association, as
the sole member (“Chase USA”), in accordance with the provisions of the Delaware Limited Liability Company Act; 
 WHEREAS,
Chase Card Funding desires to enter into this Indenture, undertake all of the rights and obligations of the Transferor and the Beneficiary of the Issuing Entity under the terms of this Indenture and assume the rights and obligations of Chase USA as
Transferor under the Transfer and Servicing Agreement and as Beneficiary of the Issuing Entity under the Trust Agreement; 
 WHEREAS, the
Issuing Entity and the Indenture Trustee desire to amend and restate the Third Amended and Restated Indenture to read in its entirety as set forth below; and 

  
 1 

 WHEREAS, all conditions precedent to the execution of this Indenture have been complied with;

 NOW, THEREFORE, the Issuing Entity and the Indenture Trustee hereby agree that effective on and as of the date hereof, the Third Amended
and Restated Indenture is hereby amended and restated in its entirety as follows: 
 PRELIMINARY STATEMENT 

The Issuing Entity has duly authorized the execution and delivery of this Indenture to provide for the issuance of its notes to be issued in
one or more fully registered or bearer Series, Classes or Tranches. 
 All things necessary to make this Indenture a valid agreement of the
Issuing Entity, in accordance with its terms, have been done. 

  
 2 

 GRANTING CLAUSE 

Pursuant to the Asset Pool One Supplement, the Issuing Entity has and shall grant to the Collateral Agent (the “Secured
Party”) for Asset Pool One for the benefit and security of (a) the Noteholders secured by Asset Pool One, (b) the Indenture Trustee, in its individual capacity and (c) the Collateral Agent, in its individual capacity, a
security interest in all of its right, title and interest, whether now owned or hereafter acquired, in and to, the Collateral specified in the Asset Pool One Supplement. 

The security interest in the Collateral designated for inclusion in an Asset Pool is granted to secure the Notes issued with respect to that
Asset Pool (and the obligations under this Indenture, the Asset Pool One Supplement and the related Indenture Supplement) equally and ratably without prejudice, priority or distinction between any Note and any other Note that is expressly secured by
Asset Pool One by reason of difference in time of issuance or otherwise, except as otherwise expressly provided in this Indenture, or in an Indenture Supplement which establishes any Series, Class or Tranche of Notes, and to secure (i) the
payment of all amounts due on such Notes in accordance with their terms, (ii) the payment of all other sums payable by the Issuing Entity under this Indenture or any Indenture Supplement relating to such secured Notes and (iii) compliance
by the Issuing Entity with the provisions of this Indenture or any Indenture Supplement or the Asset Pool One Supplement relating to such Notes. This Indenture, as may be supplemented, including by the Asset Pool One Supplement, is a security
agreement within the meaning of the UCC. 
 The Indenture Trustee acknowledges the grant of such Security Interest, and agrees to perform
the duties herein such that the interests of the Noteholders secured by Asset Pool One may be adequately and effectively protected. 

Particular Notes, Derivative Agreements, Supplemental Credit Enhancement Agreements and Supplemental Liquidity Agreements will benefit from
the Security Interest to the extent (and only to the extent) proceeds of and distributions on the Collateral are allocated for their benefit pursuant to this Indenture, the Asset Pool One Supplement and the applicable Indenture Supplement. 

AGREEMENTS OF THE PARTIES 
 To
set forth or to provide for the establishment of the terms and conditions upon which the Notes are to be authenticated, issued and delivered, and in consideration of the premises and the purchase of Notes by the Holders thereof, it is mutually
covenanted and agreed as follows, for the equal and proportionate benefit of all Holders of the Notes of a Series, Class or Tranche thereof, as the case may be: 

LIMITED RECOURSE 
 The obligation
of the Issuing Entity to make payments of principal, interest and other amounts on the Notes and to make payments in respect of Derivative Agreements, Supplemental Credit Enhancement Agreements or Supplemental Liquidity Agreements, as applicable, is
limited in recourse as set forth in Section 6.11. 

  
 3 

 ARTICLE I 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01 Definitions. For all purposes of this Indenture and of any Indenture Supplement, except as otherwise expressly
provided or unless the context otherwise requires: 
 (a) With respect to any Series, all terms used herein and not otherwise defined herein
shall have meanings ascribed to them in the Trust Agreement, the Transfer and Servicing Agreement, the Asset Pool One Supplement or the related Indenture Supplement, as applicable. 

(b) All terms defined in this Indenture 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 Indenture and in any certificate or other document made or
delivered pursuant hereto or thereto, accounting terms not defined in this Indenture or in any such certificate or other document, and accounting terms partly defined in this Indenture or in any such certificate or other document to the extent not
defined, shall have the respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Indenture or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP,
the definitions contained in this Indenture or in any such certificate or other document shall control. 
 (d) Unless otherwise specified,
references to any amount as on deposit or outstanding on any particular date shall mean such amount at the close of business on such day. 

(e) The words “hereof,” “herein,” “hereunder” and words of similar import when used in this Indenture shall
refer to this Indenture as a whole and not to any particular provision of this Indenture; references to any Article, subsection, Section, clause, Schedule or Exhibit are references to Articles, subsections, Sections, clauses, Schedules and Exhibits
in or to this Indenture unless otherwise specified; the term “including” means “including without limitation”; references to any law or regulation refer to that law or regulation as amended from time to time and include any
successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such agreement, as amended, supplemented or otherwise modified from time to time. 

(f) Whenever this Indenture refers to a provision of the Trust Indenture Act, the provision is incorporated by reference in and made a part of
this Indenture. The following Trust Indenture Act terms used in this Indenture have the following meanings: 
 “indenture
securities” means the Notes. 

  
 4 

 “indenture security holder” means a Noteholder. 

“indenture to be qualified” means this Indenture. 

“indenture trustee” or “institutional trustee” means the Indenture Trustee. 

“obligor” on the indenture securities means the Issuing Entity and any other obligor on the indenture securities.

 All other Trust Indenture Act terms used in this Indenture that are defined by the Trust Indenture Act, defined by Trust
Indenture Act reference to another statute or defined by Commission rule have the meaning assigned to them by such definitions. Notwithstanding anything to the contrary contained herein (1) this Indenture will be qualified under the Trust
Indenture Act and (2) if it is no longer necessary for this Indenture to be qualified under the Trust Indenture Act, then all references to the Trust Indenture Act hereunder shall be inapplicable to this Indenture. 

(g) In the event that the UCC, as in effect on the date hereof, is revised, any reference herein to specific sections of the UCC shall be
deemed to be references to any such successor sections. 
 (h) Whenever used in this Indenture, the following words and phrases shall have
the following meanings, and the definitions of such terms and phrases 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 the neuter genders of such terms: 

“Act” has, when used with respect to any Noteholder, the meaning specified in subsection 1.04(a). 

“Action” has, when used with respect to any Noteholder, the meaning specified in subsection 1.04(a). 

“Adjusted Outstanding Dollar Principal Amount” means at any time during a Monthly Period with respect to any Series, Class or
Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the
benefit of such Series, Class or Tranche of Notes at such time. 
 “Adverse Effect” means, whenever used in this Indenture
with respect to any Series, Class or Tranche of Notes with respect to any Action, that such Action will at the time of its occurrence (a) result in the occurrence of an Early Amortization Event or Event of Default relating to such Series, Class
or Tranche of Notes, as applicable, (b) have a material adverse effect on the amount of funds available to be distributed to the Noteholders of any such Series, Class or Tranche of Notes pursuant to this Indenture or on the timing of such
distributions, or (c) adversely affect the security interest of the applicable Collateral Agent in the Collateral securing the Outstanding Notes in Asset Pool One unless otherwise permitted by this Indenture or the Asset Pool One Supplement.

  
 5 

 “Affiliate” means, with respect to any specified Person, any other Person
directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to
direct the management and policies of such 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. 
 “Aggregate Remaining Master Trust Level Required Amount” has, with respect to any Unapplied Excess
Finance Charge Sharing Collateral Certificate, the meaning specified in the related Series Supplement. 
 “Arbitration
Rules” has the meaning specified in subsection 13.06(c). 
 “Asset Pool” means a pool of Collateral designated for
inclusion in a particular Asset Pool pursuant to an Asset Pool Supplement, that secures certain Series, Class or Tranche of Notes or more than one Series, Class or Tranche of Notes as specified in the applicable Indenture Supplements for each such
Series, Class or Tranche of Notes. 
 “Asset Pool One” means the pool of Collateral designated for inclusion in a
particular Asset Pool pursuant to the Asset Pool One Supplement, that secures a the current Series of Outstanding Notes as specified in the applicable Indenture Supplements for such Series of Notes. 

“Asset Pool One Supplement” means the Third Amended and Restated Asset Pool One Supplement to this Indenture, dated as of
[            ], 2016, between the Issuing Entity and the Indenture Trustee. 

“Asset Pool Supplement” means, with respect to any Asset Pool, a supplement to this Indenture, executed and delivered in
conjunction with the first issuance of Notes secured by that Asset Pool, including all amendments thereof and supplements thereto. 

“Asset Representations Review” has the meaning specified in subsection 13.05(b). 

“Asset Representations Review Agreement” means the Asset Representations Review Agreement, dated as of
[            ], 2016, among Chase USA, as sponsor, and [            ], as Reviewer. 

“Authenticating Agent” means any Person authorized by the Indenture Trustee to authenticate Notes under Section 7.14.

  
 6 

 “Authorized Newspaper” means, with respect to any Series, Class or Tranche of
Notes, publication in the newspaper of record specified in the applicable Indenture Supplement for that Series, Class or Tranche of Notes, or if and so long as Notes of such Series, Class or Tranche are listed on any securities exchange and that
exchange so requires, in the newspaper of record required by the applicable securities exchange, printed in any language specified in the applicable Indenture Supplement or satisfying the requirements of such exchange. 

“Available Finance Charge Collections” means, for any Monthly Period, (a) with respect to the Noteholders, the Finance
Charge Collections paid to the Issuing Entity and allocated to the Noteholders, and (b) with respect to any Series, Class or Tranche of Notes, the amount of collections in clause (a) allocated to such Series, Class or Tranche of Notes, as
applicable, plus investment earnings allocable to the amounts on deposit in the Collection Account and Excess Funding Account allocable to such Series, Class or Tranche of Notes, plus any other amounts, or allocable portion thereof, to be treated as
Available Finance Charge Collections with respect to such Series, Class or Tranche of Notes, subject to the applicable Indenture Supplement. 

“Available Principal Collections” means, for any Monthly Period, (a) with respect to the Noteholders, the Principal
Collections paid to the Issuing Entity and allocated to the Noteholders, and (b) with respect to any Series, Class or Tranche of Notes, (i) the amount of collections in clause (a) allocated to such Series, Class or Tranche of Notes,
as applicable, plus (ii) any other amounts, or allocable portion thereof, to be treated as Available Principal Collections with respect to such Series, Class or Tranche of Notes, subject to the applicable Indenture Supplement. 

“Bearer Note” means a Note in bearer form. 

“Business Day” means, unless otherwise specified in the Indenture Supplement for any Series, Class or Tranche of Notes, 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, Wilmington, Delaware or Minneapolis, Minnesota (or, with respect to any Series, Class
or Tranche, any additional city specified in the related Indenture Supplement), are authorized or obligated by law, executive order or governmental decree to be closed. 

“Certificate of Authentication” means the certificate of authentication of the Indenture Trustee, the form of which is
described in Section 2.03, or the alternate certificate of authentication of the Authenticating Agent, the form of which is described in Section 7.14. 

“Certified Note Owner” means (a) a Note Owner that provides to the Indenture Trustee and the Transferor a written
certification of ownership of Notes of a specific Class or Tranche, a trade confirmation, an account statement, a letter from its broker or dealer verifying ownership of Notes of such specific Class or Tranche or any other evidence of ownership of
Notes in a form that is satisfactory or acceptable to the Indenture Trustee and (b) Noteholders that are holders of definitive Notes. 

  
 7 

 “Chase Card Funding” means Chase Card Funding LLC, a Delaware limited liability
company. 
 “Chase USA” means Chase Bank USA, National Association, a national banking association, and any successors or
assigns. 
 “Class” means, with respect to any Note, the class specified in the applicable Indenture Supplement. 

“Class C Reserve Account” means, for any Notes, the Bank Account and any Sub-Account thereof established and maintained as
described in the related Indenture Supplement. 
 “Collateral Certificate Finance Charge Shortfall Allocation” means, for
any Note Transfer Date, with respect to each Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate relating to any Shared Excess Available Finance Charge Collections Group, an amount equal to: 

(a) if the aggregate amount of all Unapplied Master Trust Level Excess Finance Charge Collections for all Unapplied Master Trust Level Excess
Finance Charge Sharing Collateral Certificates for such Note Transfer Date is less than or equal to the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group for such Note Transfer Date, the amount of Unapplied Master
Trust Level Excess Finance Charge Collections with respect to such Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate for such Note Transfer Date; or 

(b) if the aggregate amount of all Unapplied Master Trust Level Excess Finance Charge Collections for all Unapplied Master Trust Level Excess
Finance Charge Sharing Collateral Certificates for such Note Transfer Date is greater than the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group for such Note Transfer Date, the product of (i) the sum of the
Remaining Series Finance Charge Shortfalls for all Series in such Group for such Note Transfer Date and (ii) a fraction, (x) the numerator of which is the Unapplied Master Trust Level Excess Finance Charge Collections with respect to such
Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate for such Note Transfer Date and (y) the denominator of which is the aggregate amount of all Unapplied Master Trust Level Excess Finance Charge Collections for all
Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificates for such Note Transfer Date. 
 “Collateral
Certificate Principal Shortfall Allocation” means, for any Note Transfer Date, with respect to each Unapplied Master Trust Level Principal Sharing Collateral Certificate in any Asset Pool, an amount equal to: 

(a) if the aggregate amount of all Unapplied Master Trust Level Principal Collections for all Unapplied Master Trust Level Principal Sharing
Collateral Certificates in such Asset Pool for such Note Transfer Date is less than or equal to the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool, the amount of Unapplied Master Trust Level Principal
Collections with respect to such Unapplied Master Trust Level Principal Sharing Collateral Certificate for such Note Transfer Date; or 

  
 8 

 (b) if the aggregate amount of all Unapplied Master Trust Level Principal Collections for all
Unapplied Master Trust Level Principal Sharing Collateral Certificates in such Asset Pool for such Note Transfer Date is greater than the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for such Note
Transfer Date, the product of (i) the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for such Note Transfer Date and (ii) a fraction, (x) the numerator of which is the Unapplied Master Trust
Level Principal Collections with respect to such Unapplied Master Trust Level Principal Sharing Collateral Certificate for such Note Transfer Date and (y) the denominator of which is the aggregate amount of all Unapplied Master Trust Level
Principal Collections for all Unapplied Master Trust Level Principal Sharing Collateral Certificates in such Asset Pool for such Note Transfer Date. 

“Commission” means the Securities and Exchange Commission, as from time to time constituted, created under the Securities
Exchange Act, or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at such date. 

“Corporate Trust Office” means the principal office of the Indenture Trustee in Minneapolis, Minnesota at which at any
particular time its corporate trust business will be principally administered, which office at the date hereof is located at MAC N9311-161, Wells Fargo Center, Sixth Street & Marquette Avenue, Minneapolis, Minnesota 55479, Attn: Corporate
Trust Services—Asset Backed Administration. 
 “Delinquency Percentage” means, with respect to any Monthly Period, the
percentage equivalent of a fraction, the numerator of which is equal to the aggregate dollar amount of Receivables with respect to which any amount is 60 or more days past due, and the denominator of which is equal to the aggregate dollar amount of
all Receivables, each as measured on the last day of the Monthly Period. 
 “Delinquency Trigger” means initially
[•]%; provided, that the Delinquency Trigger may be modified by the Servicer with notice to the Indenture Trustee without an amendment of this Indenture and without consent from the Noteholders; provided, further, that any
modification shall be disclosed on a Form 8-K filed by the Issuing Entity and shall be made only (i) at the time of the effectiveness of a new shelf registration statement on Commission Form SF-3 or (ii) following the occurrence of any
changes in applicable law that may have a material impact on Chase USA, Chase Card Funding, the Issuing Entity or the Receivables. 

“Delinquency Trigger Breach” has the meaning specified in subsection 8.04(d)(ii). 

  
 9 

 “Depository” means a U.S. Depository or a Foreign Depository, as the case may
be. 
 “Derivative Agreement” means any currency, interest rate or other swap, cap, collar, guaranteed investment contract
or other derivative agreement. 
 “Derivative Counterparty” means any party to any Derivative Agreement other than the
Issuing Entity or the Indenture Trustee. 
 “Early Amortization Event” has the meaning specified in Section 11.01.

 “Entity” means any Person other than an individual or government (including any agency or political subdivision
thereof). 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“Event of Default” has the meaning specified in Section 6.01. 

“Exchange Date” means, with respect to any Tranche of Notes, the latest of: 

(a) in the case of exchanges of beneficial interests in Temporary Global Notes for beneficial interests in Permanent Global Notes in registered
form, any date that is after the related issuance date; 
 (b) in the case of exchanges of beneficial interests in Temporary Global Notes for
beneficial interests in Permanent Global Notes in bearer form, the date of presentation of certification of non-United States beneficial ownership (as described in Section 2.05); and 

(c) the earliest date on which such an exchange of a beneficial interest in a Temporary Global Note for a beneficial interest in a Permanent
Global Note is permitted by applicable law. 
 “Federal Bankruptcy Code” means Title 11 of the United States Code, as
amended from time to time. 
 “Foreign Currency” means (a) a currency other than Dollars, or (b) denominated in a
currency other than Dollars. 
 “Foreign Currency Note” means a Note denominated in a Foreign Currency. 

“Foreign Depository” means the Person specified in the applicable Indenture Supplement, in its capacity as depository for the
accounts of any clearing agencies located outside the United States. 

  
 10 

 “Form 10-D” means the Commission Form used for periodic distribution reports by
asset-backed issuers, such as the Issuing Entity, filed with the Commission pursuant to the Securities Exchange Act. 

“GAAP” means generally accepted accounting principles in the United States of America in effect from time to time. 

“Global Note” means any Note issued pursuant to Section 2.04. 

“Group” means any one or more Series of Notes which are specified as belonging to a common Group (including any Shared Excess
Available Finance Charge Collections Group or any group established by an Indenture Supplement) in the applicable Indenture Supplement. A particular Series may be included in more than one Group if the Indenture Supplement for such Series so
provides. 
 “Holder” means, when used with respect to any Note, a Noteholder. 

“Indenture” or “this Indenture” means this Fourth Amended and Restated Indenture, dated as of
[            ], 2016, as originally executed and as amended, supplemented, restated or otherwise modified from time to time by one or more indentures supplemental hereto. 

“Indenture Supplement” means, with respect to any Series of Notes, a supplement to this Indenture, executed and delivered in
conjunction with the issuance of such Series of Notes pursuant to Section 3.01, together with any applicable Terms Document for any Classes and Tranches of Notes belonging to such Series related to such Indenture Supplement and any amendment to
the Indenture Supplement executed pursuant to Section 9.01 or 9.02, and, in either case, including all amendments thereof and supplements thereto. 

“Indenture Trustee” means the Person named as the Indenture Trustee in the first paragraph of this Indenture until a
successor Indenture Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Indenture Trustee” means and includes each Person who is then an Indenture Trustee hereunder. If at any time there
is more than one such Person, “Indenture Trustee” as used with respect to the Notes of any Series, Class or Tranche means the Indenture Trustee with respect to Notes of that Series, Class or Tranche. 

“Indenture Trustee Authorized Officer” means, when used with respect to the Indenture Trustee, any vice president, any
assistant vice president, the treasurer, any assistant treasurer, any senior trust officer or trust officer, or any other officer of the Indenture Trustee customarily performing functions similar to those performed by any of the above designated
officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 

  
 11 

 “Initial Dollar Principal Amount” means (a) unless otherwise specified in
the applicable Indenture Supplement, with respect to a Series, Class or Tranche of Dollar Interest-bearing Notes, the aggregate initial principal amount of the Outstanding Notes of such Series, Class or Tranche plus the aggregate initial principal
amount of any additional Notes of such Series, Class or Tranche, and (b) with respect to a Series, Class or Tranche of Foreign Currency Notes, the amount specified in the applicable Indenture Supplement as the Initial Dollar Principal Amount
thereof. 
 “Interest-bearing Note” means a Note that bears interest at a stated or computed rate on the principal amount
thereof. 
 “Interest Funding Account” means, with respect to any Notes, the Bank Account and any Sub-Account thereof
established and maintained as described in the related Indenture Supplement. 
 “Interest Payment Date” means, with respect
to any Series, Class or Tranche of Notes, the scheduled due date of any payment of interest on such Notes, as specified in the applicable Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is
in the next calendar month, in which case the Interest Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month; provided, however, that upon the
acceleration of a Series, Class or Tranche of Notes following an Event of Default or upon the occurrence of an Early Amortization Event, or other optional or mandatory redemption of that Series, Class or Tranche of Notes, each Monthly Principal
Accrual Date will be an Interest Payment Date. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as
amended from time to time. 
 “Invested Amount” has, with respect to any Collateral Certificate, the meaning specified in
the Series Supplement for the applicable Collateral Certificate and with respect to any other Investor Certificate, the meaning specified in the applicable Pooling and Servicing Agreement and the related Series Supplement. 

“Investor Certificate” means an investor certificate, and not a seller certificate or transferor certificate, issued by a
Master Trust pursuant to a Pooling and Servicing Agreement and related Series Supplement. 
 “Investor Certificateholder”
means the holder of record of an Investor Certificate. 
 “Investment Company Act” means the Investment Company Act of
1940, as amended. 
 “Issuing Entity” means Chase Issuance Trust, a Delaware statutory trust. 

“Issuing Entity Authorized Officer” means (a) an authorized signatory of the Owner Trustee, or (b) the chairman or
vice-chairman of the board of directors, chairman or vice-chairman of the executive committee of the board of directors, the president, any vice-president, the secretary, any assistant secretary, the treasurer, or any assistant treasurer, in each
case of the Beneficiary, or any other officer or employee of the Beneficiary who is authorized to act on behalf of the Issuing Entity. 

  
 12 

 “Issuing Entity Certificate” means a certificate (including an Officer’s
Certificate) signed in the name of an Issuing Entity Authorized Officer, or the Issuing Entity by an Issuing Entity Authorized Officer and, in each case delivered to the Indenture Trustee relating to, among other things, the issuance of a new
Series, Class or Tranche of Notes. Wherever this Indenture requires that an Issuing Entity Certificate be signed also by an accountant or other expert, such accountant or other expert (except as otherwise expressly provided in this Indenture) may be
an employee of the Beneficiary. 
 “Issuing Entity Tax Opinion” means, with respect to any Action, an Opinion of Counsel to
the effect that, for United States federal income tax purposes, (a) such Action will not cause any Outstanding Series, Class or Tranche of Notes that were characterized as debt at the time of their issuance to be characterized as other than
debt, (b) such Action will not cause the Issuing Entity to be treated as an association (or publicly traded partnership) taxable as a corporation and (c) such Action will not cause or constitute an event in which gain or loss would be
recognized by any Holder of any such Notes. 
 “Legal Maturity Date” means, with respect to a Series, Class or Tranche of
Notes, the date specified in the Indenture Supplement, for such Notes as the fixed date on which the principal of such Series, Class or Tranche of Notes is due and payable. 

“Majority Holders” means, with respect to any Series, Class or Tranche of Notes or all Outstanding Notes, the Holders of
greater than 50% in Outstanding Dollar Principal Amount of the Outstanding Notes of that Series, Class or Tranche or of all Outstanding Notes, as the case may be. 

“Master Trust” means a master trust or other securitization special purpose entity for which Chase USA or an Affiliate of
Chase USA acts as transferor or seller or servicer, established pursuant to a Pooling and Servicing Agreement. 
 “Master Trust Tax
Opinion” means, with respect to any Action, an Opinion of Counsel to the effect that, for United States federal income tax purposes, (a) such Action will not cause any Investor Certificates that were characterized as debt at the time
of their issuance to be characterized as other than debt and (b) such Action will not cause any Master Trust to be treated as an association (or publicly traded partnership) taxable as a corporation. 

“Mediation Rules” has the meaning specified in subsection 13.06(b). 

“Monthly Noteholders’ Statement” means, with respect to any Series of Notes, a report, the form of which is attached as
an exhibit to the related Indenture Supplement. 
 “Monthly Period” means the period from and including the first day of a
calendar month to and including the last day of a calendar month. 

  
 13 

 “Monthly Principal Accrual Date” has, with respect to any Class or Tranche of
Notes, the meaning specified in the related Indenture Supplement. 
 “Most Recent Quarterly Filing Date” means each date on
which a prospectus is filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations under the Securities Act containing updated pool information for the most recently ended calendar quarter which shall be (a) each
February 10, May 10, August 10 and November 10 or, if any such date is not a Business Day, the next succeeding Business Day, unless (i) at least one Business Day prior to such date the Transferor shall have
notified the Indenture Trustee that such Most Recent Quarterly Filing Date will be postponed or cancelled or (ii) at least three Business Days prior to an accelerated Most Recent Quarterly Filing Date, the Transferor shall have notified the
Indenture Trustee that such Most Recent Quarterly Filing Date will be accelerated and (b) any other Business Day designated by the Transferor upon at least three Business Days’ prior notice to the Indenture Trustee. 

“Nominal Liquidation Amount” means, with respect to any Outstanding Series, Class or Tranche of Notes, an amount determined
in accordance with the applicable Indenture Supplement. The Nominal Liquidation Amount for a Series of Notes will be the sum of the Nominal Liquidation Amounts of all of the Classes or Tranches of Notes of such Series. 

“Note” or “Notes” means any note or notes of any Series, Class or Tranche authenticated and delivered from
time to time under this Indenture. 
 “Note Owner” means the beneficial owner of an interest in a Global Note. 

“Note Rating Agency” means, with respect to any Outstanding Series, Class or Tranche of Notes, each statistical rating agency
selected by Chase USA to rate such Notes; provided, that any reference to each Note Rating Agency shall only apply to any specific Note Rating Agency if such Note Rating Agency is then rating any Outstanding Series, Class or Tranche of Notes.

 “Note Register” has the meaning specified in Section 3.05. 

“Note Registrar” means the Person who keeps the Note Register specified in Section 3.05. 

“Noteholder” means a Person in whose name a Note is registered in the Note Register or the bearer of any Bearer Note
(including a Global Note in bearer form), as the case may be. 
 “Officer’s Certificate” means a certificate signed by
the Beneficiary or the Owner Trustee and delivered to the Indenture Trustee. Wherever this Indenture requires that an Officer’s Certificate be signed also by an accountant or other expert, such accountant or other expert (except as otherwise
expressly provided in this Indenture) may be an employee of the Beneficiary. 

  
 14 

 “Opinion of Counsel” means a written opinion of counsel acceptable to the
Indenture Trustee, who may, except as otherwise expressly provided in this Indenture, be an employee of or of counsel to the Issuing Entity, the Beneficiary or any of their Affiliates. 

“Organization” has the meaning specified in subsection 13.06(b). 

“Outstanding” means, with respect to all Notes, all Notes in all Asset Pools and, with respect to a Note or with respect to
Notes of any Series, Class or Tranche, as of the date of determination, all such Notes theretofore authenticated and delivered under this Indenture, except: 

(a) any Notes theretofore canceled by the Indenture Trustee or delivered to the Indenture Trustee for cancellation pursuant to
Section 3.09, or canceled by the Issuing Entity, Chase Card Funding, Chase USA or any Affiliate thereof and delivered to the Indenture Trustee pursuant to Section 3.09; 

(b) any Notes for whose full payment (including principal and interest) or redemption money in the necessary amount has been theretofore
deposited with the Indenture Trustee or any Paying Agent in trust for the Holders of such Notes; provided that, if such Notes are to be redeemed, notice of such redemption has been duly given if required pursuant to this Indenture and the
related Indenture Supplement, or provision therefor satisfactory to the Indenture Trustee has been made; 
 (c) any Notes which are canceled
pursuant to Section 5.03; and 
 (d) any Notes in exchange for or in lieu of which other Notes have been authenticated and delivered
pursuant to this Indenture, or which will have been paid pursuant to the terms of Section 3.06 (except with respect to any such Note as to which proof satisfactory to the Indenture Trustee is presented that such Note is held by a person in
whose hands such Note is a legal, valid and binding obligation of the Issuing Entity). 
 For purposes of determining the amounts of
deposits, allocations, reallocations or payments to be made, unless the context clearly requires otherwise, references to “Notes” will be deemed to be references to “Outstanding Notes.” In determining whether the Holders
or Certified Note Owners of the requisite principal amount of such Outstanding Notes have taken any Action hereunder, and for purposes of Section 8.04 and Section 13.05, Notes beneficially owned by the Issuing Entity, Chase Card Funding or
Chase USA or any Affiliate of the Issuing Entity, Chase Card Funding or Chase USA will be disregarded and deemed not to be Outstanding. In determining whether the Indenture Trustee will be protected in relying upon any such Action, only Notes which
an Indenture Trustee Authorized Officer knows to be owned by the Issuing Entity, Chase Card Funding or Chase USA or any Affiliate of the Issuing Entity, Chase Card Funding or Chase USA will be so disregarded. Notes so owned which have been pledged
in good faith may be regarded as Outstanding if the pledgee demonstrates to the satisfaction of the Indenture Trustee the pledgee’s right to act as owner with respect to such Notes and that the pledgee is not the Issuing Entity, Chase Card
Funding, Chase USA or any other obligor upon the Notes or any Affiliate of the Issuing Entity, Chase Card Funding, Chase USA or such other obligor. 

  
 15 

 “Outstanding Dollar Principal Amount” means at any time, with respect to any
Series, Class or Tranche of Notes, the aggregate Initial Dollar Principal Amount of the Outstanding Notes of such Series, Class or Tranche at such time, less the amount of any withdrawals from the Principal Funding Account or Sub-Account, as
applicable, for such Series, Class or Tranche of Notes for payment of principal to the Holders of such Series, Class or Tranche of Notes or the applicable Derivative Counterparty, pursuant to the related Indenture Supplement. 

“Paying Agent” means any Person authorized by the Issuing Entity to pay the principal of or interest on any Notes on behalf
of the Issuing Entity, as provided in Section 10.02 hereof. 
 “Payment Date” means, with respect to any Series, Class
or Tranche of Notes, the applicable Principal Payment Date or Interest Payment Date. 
 “Payment Instruction” means, with
respect to any Series of Notes, an instruction delivered pursuant to Section 8.07. 
 “Performing” means, with respect
to any Derivative Agreement, no payment default or repudiation of performance by a Derivative Counterparty has occurred, and such Derivative Agreement has not been terminated. 

“Permanent Global Note” is defined in subsection 2.05(a). 

“Permitted Investments” means, unless otherwise provided in the Indenture Supplement with respect to any Series, Class or
Tranche of Notes: 
 (a) instruments, investment property or other property consisting of: 

(i) obligations of or fully guaranteed by the United States of America; 

(ii) time deposits, promissory notes or certificates of deposit of any depository institution or trust company incorporated under the laws of
the United States of America or any state thereof (or domestic branches of foreign depository institutions or trust companies) and subject to supervision and examination by federal or state banking or depository institution authorities;
provided, however, that at the time of the Issuing Entity’s investment or contractual commitment to invest therein, the certificates of deposit or short-term deposits of such depository institution or trust company shall have a
credit rating from Moody’s and Standard & Poor’s of “P-1” and “A-1+,” respectively, and, if rated by Fitch, “F1+” from Fitch; 

(iii) commercial paper (including but not limited to asset backed commercial paper) having, at the time of the Issuing Entity’s
investment or contractual commitment to invest therein, a rating from Moody’s and Standard & Poor’s of “P-1” and “A-1+” respectively, and, if rated by Fitch, “F1+” from Fitch; 

  
 16 

 (iv) bankers’ acceptances issued by any depository institution or trust company described
in clause (a)(ii) above; and 
 (v) investments in money market funds rated “AAA-m” or “AAA-mg” by Standard &
Poor’s and “Aaa” by Moody’s and, if rated by Fitch “AAA-V1+” from Fitch, or otherwise approved in writing by each Note Rating Agency; 

(b) demand deposits in the name of the Indenture Trustee in any depository institution or trust company referred to in clause (a)(ii) above;

 (c) uncertificated securities that are registered in the name of the Indenture Trustee upon books maintained for that purpose by the
issuing entity thereof and identified on books maintained for that purpose by the Indenture Trustee as held for the benefit of the Noteholders, and consisting of shares of an open end diversified investment company which is registered under the
Investment Company Act, and which (i) invests its assets exclusively in obligations of or guaranteed by the United States of America or any instrumentality or agency thereof having in each instance a final maturity date of less than one year
from their date of purchase or other Permitted Investments, (ii) seeks to maintain a constant net asset value per share, (iii) has aggregate net assets of not less than $100,000,000 on the date of purchase of such shares and (iv) with
respect to which each Note Rating Agency confirms in writing that such investment will not cause a Ratings Effect; and 
 (d) any other
investment if each Note Rating Agency confirms in writing that such investment will not cause a Ratings Effect. 
 “Person”
means any individual, corporation, estate, partnership, limited liability company, limited liability partnership, joint venture, association, joint-stock company, business trust, trust, unincorporated organization or government or any agency or
political subdivision thereof. 
 “Place of Payment” means, with respect to any Series, Class or Tranche of Notes issued
hereunder, the city or political subdivision so designated with respect to such Series, Class or Tranche of Notes in accordance with the provisions of Section 10.02. 

“Plan” means an employee benefit plan (within the meaning of Section 3(3) of ERISA) subject to the fiduciary
responsibility provisions of Title I of ERISA, a plan (within the meaning of Section 4975(e)(1) of the Internal Revenue Code) subject to Section 4975 of the Internal Revenue Code, or a governmental plan (within the meaning of
Section 3(32) of ERISA), church plan (within the meaning of Section 3(33) of ERISA) or non-U.S. plan (as described in Section 4(b)(4) of ERISA). 

  
 17 

 “Pooling and Servicing Agreement” means a pooling and servicing agreement,
indenture or other agreement for the issuance of securities from time to time from a Master Trust and the servicing of the receivables in such Master Trust. 

“Predecessor Notes” means, with respect to any particular Note, every previous Note evidencing all or a portion of the same
debt as that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 3.06 in lieu of a mutilated, lost, destroyed or stolen Note will be deemed to evidence the same debt as
the mutilated, lost, destroyed or stolen Note. 
 “Principal Funding Account” means, with respect to any Notes, the Bank
Account and any Sub-Account thereof established and maintained as described in the related Indenture Supplement. 
 “Principal
Payment Date” means, with respect to any Series, Class or Tranche of Notes, each Scheduled Principal Payment Date, or upon the acceleration of such Series, Class or Tranche of Notes following an Event of Default or upon the occurrence of an
Early Amortization Event, or other optional or mandatory redemption of such Series, Class or Tranche of Notes, each Monthly Principal Accrual Date. 

“Qualified Bank Account” means either (a) a segregated account (including a securities account) with a Qualified
Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic
branch of a foreign bank having corporate trust powers and acting as 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 applicable Note Rating Agency in
one of its generic rating categories which signifies investment grade. 
 “Qualified Institution” means a depository
institution organized under the laws of the United States of America or any one of the states thereof, including the District of Columbia (or any domestic branch of a foreign bank), which at all times has (a)(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 and (b)(i) in the case of the Collection Account, if such depository institution is an Affiliate of Chase USA or Chase Card Funding, 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 Chase USA or Chase Card Funding in the case of any Bank Account other than the Collection 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. If so qualified, the Indenture Trustee, the Owner Trustee, Chase USA or an
Affiliate of any of the foregoing may be considered a Qualified Institution for the purposes of this definition. 
 “Ratings
Effect” means a reduction, qualification with negative implications or withdrawal of any then current rating of the Notes. 

  
 18 

 “Record Date” means, for the interest or principal payable on any Note on any
applicable Payment Date, the last day of the month before the related Interest Payment Date or Principal Payment Date, as applicable, unless otherwise specified in the applicable Indenture Supplement. 

“Registered Note” means a Note issued in registered form. 

“Registered Noteholder” means a holder of a Registered Note. 

“Regulation AB” means subpart 229.1100 – Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100—229.1125, and all related rules and regulations of the Commission, as such rules may be amended from time to time, and subject to such clarification and interpretation as have been provided by the Commission or by the staff
of the Commission, or as may be provided by the Commission or its staff from time to time. 
 “Remaining Series Finance Charge
Shortfall” has, for each Series relating to any Shared Excess Available Finance Charge Collections Group, the meaning specified in the related Indenture Supplement. 

“Remaining Series Principal Shortfall” has, with respect to any Series secured by an Asset Pool, the meaning specified in the
related Indenture Supplement. 
 “Repurchase Request” has the meaning specified in subsection 13.06(a). 

“Requesting Party” has the meaning specified in subsection 13.06(a). 

“Required Subordinated Amount” means, with respect to any Tranche of a Senior Class of Notes, the amount specified in the
related Indenture Supplement. 
 “Requisite Petition Percentage” has the meaning specified in subsection 8.04(d)(ii). 

“Responding Party” has the meaning specified in subsection 13.06(a). 

“Review Notice” has the meaning specified in subsection 13.05(b). 

“Reviewer” has the meaning specified in subsection 13.05(a). 

“Sarbanes Certification” means the certification specified in paragraph (2) of Securities Exchange Act Rules 13a-14 and
15d-14 as set forth in Item 601(31)(ii) of Regulation S-K as such may be amended from time to time or any successor or replacement specified by the Commission or its staff from time to time. 

“Scheduled Principal Payment Date” means, with respect to any Series, Class or Tranche of Notes, the scheduled due date of
any payment of principal on such Notes, as specified in the related Indenture Supplement, or if such day is not a Business Day, the next following Business Day, unless such day is in the next calendar month, in which case such Scheduled Principal
Payment Date, unless otherwise specified in the related Indenture Supplement, will be the last Business Day of the current calendar month. 

  
 19 

 “Secured Party” has the meaning specified in the Granting Clause. 

“Securities Act” means the Securities Act of 1933, as amended from time to time. 

“Securities Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

“Securitization Transaction” means any new Notes issued, pursuant to Section 3.10, by the Issuing Entity, whether
publicly offered or privately placed, rated or unrated. 
 “Security Interest” means the security interest granted pursuant
to the Granting Clause. 
 “Senior Class” has, with respect to a Class of Notes of any Series, the meaning specified in the
related Indenture Supplement. 
 “Series” means, with respect to any Note, the series specified in the applicable Indenture
Supplement. 
 “Series Available Finance Charge Collections Shortfalls” has, with respect to any Shared Excess Available
Finance Charge Collections Series, the meaning specified in the related Indenture Supplement. 
 “Series Supplement” means
a series supplement to a Pooling and Servicing Agreement or similar document setting forth the terms of a Collateral Certificate. 

“Servicing Criteria” means the “servicing criteria” set forth in Item 1122(d) of Regulation AB. 

“Shared Excess Available Finance Charge Collections Series” means a Series that, pursuant to the Indenture Supplement
therefor, will share certain Finance Charge Collections allocated to such Series with other Series in the same Shared Excess Available Finance Charge Collections Group, as more specifically specified in such Indenture Supplement. 

“Shared Excess Available Finance Charge Collections Group” means a Group of Series which have all been designated to share
certain excess Finance Charge Collections allocated to such Series with one another. 
 “Stated Principal Amount” has, with
respect to any Note, the meaning specified in the related Indenture Supplement or Terms Document. 

  
 20 

 “Sub-Account” means each portion of a Bank Account designated as such pursuant
to this Indenture, the related Indenture Supplement or the Asset Pool Supplement. 
 “Subordinated Class” has, with respect
to a Class of Notes of any Series, the meaning specified in the related Indenture Supplement. 
 “Subordinated Notes” means
Notes of a Subordinated Class of a Series. 
 “Supplemental Bank Account” means the trust account or accounts designated as
such and established pursuant to subsection 4.02(a). 
 “Supplemental Credit Enhancement Agreement” means a letter of
credit, cash collateral account or surety bond or other similar arrangement with various credit enhancement providers which provides the benefit of one or more additional forms of credit enhancement which is referenced in the applicable Indenture
Supplement for any Series, Class or Tranche of Notes in an Asset Pool. 
 “Supplemental Credit Enhancement Provider” means
any party to any Supplemental Credit Enhancement Agreement other than the Issuing Entity or the Indenture Trustee. 
 “Supplemental
Liquidity Agreement” means a liquidity facility or other similar arrangements with various liquidity providers which provides the benefit of additional liquidity for any Series, Class or Tranche of Notes secured by an Asset Pool which is
referenced in the applicable Indenture Supplement for such Series, Class or Tranche of Notes. 
 “Supplemental Liquidity
Provider” means any party to any Supplemental Liquidity Agreement other than the Issuing Entity or the Indenture Trustee. 

“Temporary Global Note” has the meaning specified in subsection 2.05(a). 

“Terms Document” means, with respect to any Class or Tranche of Notes, a supplement to the Indenture Supplement that
establishes such Class or Tranche. 
 “Tranche” means, with respect to any Class of Notes, Notes of such Class which have
identical terms, conditions and designation. Notes of a single Tranche may be issued on different dates. 
 “Transfer and Servicing
Agreement” means the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of [            ], 2016, among Chase USA, as Servicer and Administrator, Chase Card
Funding, as Transferor, the Issuing Entity, and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent. 

“Transfer Agent” means Wells Fargo Bank, National Association. 

  
 21 

 “Trust Agreement” means the Fourth Amended and Restated Trust Agreement, dated
as of [            ], 2016, between Chase Card Funding, as Transferor and Beneficiary, and Wilmington Trust Company, as Owner Trustee. 

“Trust Indenture Act” means the Trust Indenture Act of 1939, as amended by the Trust Indenture Reform Act of 1990, as in
force at the date as of which this Indenture was executed except as provided in Section 9.05. 
 “UCC” means, unless
the context otherwise requires, the Uniform Commercial Code, as in effect in the relevant jurisdiction. 
 “Unapplied Excess Finance
Charge Collections” means, for any Note Transfer Date, with respect to each Shared Excess Available Finance Charge Collections Group, the aggregate amount to be treated as “Unapplied Excess Finance Charge Collections” from such
Shared Excess Available Finance Charge Collections Group for such Note Transfer Date pursuant to the Indenture Supplements for all Series in such Shared Excess Available Finance Charge Collections Group and Section 3.13. 

“Unapplied Excess Finance Charge Sharing Collateral Certificate” means, with respect to each Shared Excess Available Finance
Charge Collections Group, each Collateral Certificate included in any Asset Pool that is designated as an “Unapplied Excess Finance Charge Sharing Collateral Certificate” with respect to such Shared Excess Available Finance Charge
Collections Group in the related Series Supplement. 
 “Unapplied Master Trust Level Excess Finance Charge Collections”
has, with respect to each Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate, the meaning specified in the related Series Supplement. 

“Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate” means, with respect to each Shared Excess
Available Finance Charge Collections Group, each Collateral Certificate included in any Asset Pool that is designated as an “Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate” with respect to such Shared
Excess Available Finance Charge Collections Group in the related Series Supplement. 
 “Unapplied Master Trust Level Principal
Collections” has, with respect to each Unapplied Master Trust Level Principal Sharing Collateral Certificate, the meaning specified in the related Series Supplement. 

“Unapplied Master Trust Level Principal Sharing Collateral Certificate” shall mean each Collateral Certificate included in
any Asset Pool that is designated as an “Unapplied Master Trust Level Principal Sharing Collateral Certificate” with respect to such Asset Pool in the related Series Supplement. 

“United States Person” means 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 any political subdivision thereof, or an estate or trust the income of which is subject to United States federal income taxation regardless of its source. 

  
 22 

 “U.S. Depository” means, unless otherwise specified by the Issuing Entity
pursuant to Section 2.04, 2.06, or 3.01, with respect to Notes of any Tranche issuable or issued as a Global Note within the United States, The Depository Trust Company, New York, New York, or any successor thereto registered as a clearing
agency under the Securities Exchange Act, or other applicable statute or regulation. 
 Section 1.02 Compliance Certificates and
Opinions. Upon any application or request by the Issuing Entity to the Indenture Trustee to take any action under any provision of this Indenture, the Issuing Entity will furnish to the Indenture Trustee (i) an Officer’s Certificate
stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with and (ii) an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if
any, have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or request, no
additional certificate or opinion need be furnished. 
 Notwithstanding the provisions of Section 3.10 and of the preceding paragraph,
if all Notes of a Tranche are not to be originally issued at one time, it will not be necessary to deliver the Issuing Entity Certificate otherwise required pursuant to Section 3.10 or the Officer’s Certificate and Opinion of Counsel
otherwise required pursuant to such preceding paragraph at or before the time of authentication of each Note of such Tranche if such documents are delivered at or prior to the authentication upon original issuance of the first Note of such Tranche
to be issued. 
 The Indenture Trustee may rely, as to authorization by the Issuing Entity of any Tranche of Notes, the form and terms
thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to Section 3.10 and this Section 1.02, as applicable, in connection with the first
authentication of Notes of such Tranche. 
 Every certificate or opinion with respect to compliance with a condition or covenant provided
for in this Indenture (except for the written statement required by Section 10.04) will include: 
 (a) a statement that each
individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (b) a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 

(c) a statement that such individual has made such examination or investigation as is necessary to express an informed opinion as to whether
or not such covenant or condition has been complied with; and 
 (d) a statement as to whether, in the opinion of each such individual, such
condition or covenant has been complied with. 

  
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 Section 1.03 Form of Documents Delivered to Indenture Trustee. In any case where
several matters are required to be certified by, or covered by an opinion of, one or more specified Persons, one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to the other matters, and
any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of the Issuing
Entity may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by, counsel, unless the Issuing Entity knows, or in the exercise of reasonable care should know, that the certificate or opinion or
representations are erroneous. Any such certificate or opinion of, or representation by, counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, the Issuing Entity stating that the
information with respect to such factual matters is in the possession of the Issuing Entity, unless such counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations are erroneous. 

Where any Person is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or
other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Section 1.04 Acts of
Noteholders. 
 (a) Any request, demand, authorization, direction, notice, consent, waiver or other action (collectively, an
“Action”) provided by this Indenture to be given or taken by Noteholders of any Series, Class or Tranche may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Noteholders in person or by
an agent duly appointed in writing. If Notes of a Series, Class or Tranche are issuable in whole or in part as Bearer Notes, any Action provided by this Indenture to be given or taken by such Noteholders may, alternatively, be embodied in and
evidenced by the record of such Noteholders voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Noteholders duly called and held in accordance with the provisions of Section 8.04, or a
combination of such instruments and any such record. Except as herein otherwise expressly provided, such Action will become effective when such instrument or instruments or record are delivered to the Indenture Trustee, and, where it is hereby
expressly required, to the Issuing Entity. Such instrument or instruments and any such record (and the Action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Noteholders signing such instrument
or instruments and so voting at any meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or the holding by any Person of a Note, will be sufficient for any purpose of this Indenture and (subject to
Section 7.01) conclusive in favor of the Indenture Trustee and the Issuing Entity, if made in the manner provided in this Section 1.04. The record of any meeting of Noteholders shall be proved in the manner provided in Section 8.04.

  
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 (b) The fact and date of the execution by any Person of any such instrument or writing may be
proved by the affidavit of a witness to such execution or by the certificate of any notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to
him the execution thereof. Where such execution is by an officer of a corporation or a member of a partnership, on behalf of such corporation or partnership, such certificate or affidavit will also constitute sufficient proof of his authority. The
fact and date of the execution of any such instrument or writing, or the authority of the person executing the same, may also be proved in any other manner which the Indenture Trustee deems sufficient. 

(c) (i) Except as otherwise specified herein, the ownership of Registered Notes will be proved by the Note Register. 

(ii) The ownership of Bearer Notes or coupons will be proved by the production of such Bearer Notes or coupons or by a
certificate, satisfactory to the Issuing Entity, executed, as depository, by any bank, trust company, recognized securities dealer or depository, wherever situated, satisfactory to the Issuing Entity. Each such certificate will be dated and will
state that on the date thereof a Bearer Note or coupon bearing a specified serial number was deposited with or exhibited to such bank, trust company, recognized securities dealer or depository by the Person named in such certificate. Any such
certificate may be issued in respect of one or more Bearer Notes or coupons specified therein. The holding by the Person named in any such certificate of any Bearer Note specified therein will be presumed to continue for a period of one year from
the date of such certificate unless at the time of any determination of such holding (A) another certificate bearing a later date issued in respect of the same Bearer Note or coupon is produced, (B) the Bearer Note or coupon specified in
such certificate is produced by some other Person or (C) the Bearer Note or coupon specified in such certificate has ceased to be Outstanding. 

(d) The fact and date of execution of any such instrument or writing, the authority of the Person executing the same and the principal amount
and serial numbers of Bearer Notes held by the Person so executing such instrument or writing and the date of holding the same may also be proved in any other manner which the Indenture Trustee deems sufficient; and the Indenture Trustee may in any
instance require further proof with respect to any of the matters referred to in this Section. 
 (e) If the Issuing Entity will solicit
from the Holders any Action, the Issuing Entity may, at its option, by an Officer’s Certificate and consistent with the Trust Indenture Act, fix in advance a record date for the determination of Holders entitled to give such Action, but the
Issuing Entity will have no obligation to do so. If the Issuing Entity does not so fix a record date, such record date will be the later of 30 days before the first solicitation of such Action or the date of the most recent list of Noteholders
furnished to the Indenture Trustee pursuant to Section 8.01 before such solicitation. Such Action may be given before or after the record date, but only the Holders of record at the close of business on the record date will be deemed to be
Holders for the purposes of determining whether Holders of the requisite proportion of Notes Outstanding have authorized or agreed or consented to such Action, and for that purpose the Notes Outstanding will be computed as of the record date;
provided that no such authorization, agreement or consent by the Holders on the record date will be deemed effective unless it will become effective pursuant to the provisions of this Indenture not later than six months after the record date.

  
 25 

 (f) Any Action by the Holder of any Note will bind the Holder of every Note issued upon the
transfer thereof or in exchange therefor or in lieu thereof, in respect of anything done or suffered to be done by the Indenture Trustee or the Issuing Entity in reliance thereon whether or not notation of such Action is made upon such Note. 

(g) Without limiting the foregoing, a Holder entitled hereunder to take any Action hereunder with regard to any particular Note may do so with
regard to all or any part of the principal amount of such Note or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such principal amount. Any notice given or Action taken by
a Holder or its agents with regard to different parts of such principal amount pursuant to this paragraph shall have the same effect as if given or taken by separate Holders of each such different part. 

(h) Without limiting the generality of the foregoing, unless otherwise specified pursuant to Section 3.01 or pursuant to one or more
Indenture Supplements, a Holder, including a Depository that is the Holder of a Global Note, may make, give or take, by a proxy or proxies duly appointed in writing, any Action provided in this Indenture to be made, given or taken by Holders, and a
Depository that is the Holder of a Global Note may provide its proxy or proxies to the beneficial owners of interests in any such Global Note through such Depository’s standing instructions and customary practices. 

(i) The Issuing Entity may fix a record date for the purpose of determining the Persons who are beneficial owners of interests in any Global
Note held by a Depository entitled under the procedures of such Depository to make, give or take, by a proxy or proxies duly appointed in writing, any Action provided in this Indenture to be made, given or taken by Holders. If such a record date is
fixed, the Holders on such record date or their duly appointed proxy or proxies, and only such Persons, shall be entitled to make, give or take such Action, whether or not such Holders remain Holders after such record date. No such Action shall be
valid or effective if made, given or taken more than 90 days after such record date. 
 (j) Notwithstanding any other provision of this
Indenture, any Holder of any Note or Certified Note Owner that as Requesting Party has made a Repurchase Request agrees to be bound by the dispute resolution provisions of Section 13.06 if such Repurchase Request is not otherwise resolved. 

Section 1.05 Notices, etc., to Indenture Trustee and Issuing Entity. Any Action of Noteholders or other document provided or
permitted by this Indenture to be made upon, given or furnished to, or filed with, the Indenture Trustee by any Noteholder or by the Issuing Entity will be sufficient for every purpose hereunder if made, given, furnished or filed in writing to or
with the Indenture Trustee at its Corporate Trust Office, 

  
 26 

 
or the Issuing Entity by the Indenture Trustee or by any Noteholder will be sufficient for every purpose hereunder (except as provided in subsection 6.01(c)) if in writing and mailed, first-class
postage prepaid, to the Issuing Entity addressed to it at the address of its principal office specified in Section 12.11 or at any other address previously furnished in writing to the Indenture Trustee by the Issuing Entity, or as otherwise
specified in subsection 8.02(d) and Section 13.07. 
 Section 1.06 Notices to Noteholders; Waiver. 

(a) Where this Indenture, any Indenture Supplement or any Registered Note provides for notice to Registered Noteholders of any event, such
notice will be sufficiently given (unless otherwise herein, in such Indenture Supplement or in such Registered Note expressly provided) if in writing and mailed, first-class postage prepaid, sent by facsimile, sent by electronic transmission, sent
through the applicable clearing agency or Depository pursuant to Section 2.07, or personally delivered to each Holder of a Registered Note affected by such event, at such Noteholder’s address as it appears in the Note Register, not later
than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Registered Noteholders is given by mail, facsimile, electronic transmission or delivery neither the failure to mail,
send by facsimile, electronic transmission or deliver such notice, nor any defect in any notice so mailed, to any particular Noteholders will affect the sufficiency of such notice with respect to other Noteholders and any notice that is mailed, sent
by facsimile, electronic transmission or delivered in the manner herein provided shall conclusively have been presumed to have been duly given. 

Where this Indenture, any Indenture Supplement or any Registered Note provides for notice in any manner, such notice may be waived in writing
by the Person entitled to receive such notice, either before or after the event, and such waiver will be the equivalent of such notice. Waivers of notice by Registered Noteholders will be filed with the Indenture Trustee, but such filing will not be
a condition precedent to the validity of any action taken in reliance upon such waiver. 
 (b) In case, by reason of the suspension of
regular mail service as a result of a strike, work stoppage or otherwise, it will be impractical to mail notice of any event to any Holder of a Registered Note when such notice is required to be given pursuant to any provision of this Indenture,
then any method of notification as will be satisfactory to the Indenture Trustee and the Issuing Entity will be deemed to be a sufficient giving of such notice. 

(c) No notice will be given by mail, facsimile, electronic transmission or otherwise delivered to a Holder of Bearer Notes or coupons in
bearer form. In the case of any Series, Class or Tranche with respect to which any Bearer Notes are Outstanding, any notice required or permitted to be given to Holders of such Bearer Notes will be published in an Authorized Newspaper within the
time period prescribed in this Indenture or the applicable Indenture Supplement. 

  
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 (d) With respect to any Series, Class or Tranche of Notes, the applicable Indenture Supplement
may specify different or additional means of giving notice to the Holders of the Notes of such Series, Class or Tranche. 
 (e) Where this
Indenture provides for notice to any Note Rating Agency, failure to give such notice will not affect any other rights or obligations created hereunder and will not under any circumstance constitute an Adverse Effect. 

Section 1.07 Conflict with Trust Indenture Act. If and to the extent that any provision of this Indenture limits, qualifies or
conflicts with the duties imposed by, or with another provision (an “incorporated provision”) included in this Indenture by operation of, Sections 310 to 318, inclusive, of the Trust Indenture Act, such imposed duties or incorporated
provision will control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act that may be so modified or excluded, the latter provision will be deemed to apply to this Indenture as so modified or excluded,
as the case may be. 
 Section 1.08 Effect of Headings and Table of Contents. The Article and Section headings herein and the
Table of Contents are for convenience only and will not affect the construction hereof. 
 Section 1.09 Successors and Assigns.
All covenants and agreements in this Indenture by the Issuing Entity will bind its successors and assigns, whether so expressed or not. All covenants and agreements of the Indenture Trustee in this Indenture shall bind its successors, co-trustees
and agents of the Indenture Trustee. 
 Section 1.10 Separability. In case any provision in this Indenture or in the Notes will
be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 1.11 Benefits of Indenture. Nothing in this Indenture or in any Notes, express or implied, will give to any Person, other
than the parties hereto and their successors hereunder, the Collateral Agent, any Authenticating Agent or Paying Agent, the Note Registrar, Derivative Counterparties (to the extent specified in the applicable Derivative Agreement), Supplemental
Credit Enhancement Providers and Supplemental Liquidity Providers (each, to the extent specified in the applicable Supplemental Credit Enhancement Agreement or Supplemental Liquidity Agreement, as applicable) and the Holders of Notes (or such of
them as may be affected thereby), any benefit or any legal or equitable right, remedy or claim under this Indenture. 
 Section 1.12
Governing Law. THIS INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER
SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

  
 28 

 Section 1.13 Counterparts. This Indenture may be executed in any number of
counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 

Section 1.14 Indenture Referred to in the Trust Agreement. This is the Indenture referred to in the Trust Agreement. 

Section 1.15 Legal Holidays. In any case where the date on which any payment is due shall not be a Business Day, then
(notwithstanding any other provision of the Notes or this Indenture) payment need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the date on which nominally due, and no
interest shall accrue for the period from and after any such nominal date. 
 [END OF ARTICLE I] 

  
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 ARTICLE II 

NOTE FORMS 
 Section 2.01
Forms Generally. The Notes will have such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture or the applicable Indenture Supplement and may have such letters, numbers or other
marks of identification and such legends or endorsements placed thereon, as may be required to comply with applicable laws or regulations or with the rules of any securities exchange, or as may, consistently herewith, be determined by the Issuing
Entity, as evidenced by the Issuing Entity’s execution of such Notes. Any portion of the text of any Note may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Note. 

The definitive Notes will be typewritten, printed, lithographed or engraved or produced by any combination of these methods (with or without
steel engraved borders) or may be produced in any other manner, all as determined by the Issuing Entity, as evidenced by the Issuing Entity’s execution of such Notes, subject, with respect to the Notes of any Series, Class or Tranche, to the
rules of any securities exchange on which such Notes are listed. 
 Section 2.02 Forms of Notes. Each Note will be in one of the
forms approved from time to time by or pursuant to an Indenture Supplement. Before the delivery of a Note to the Indenture Trustee for authentication in any form approved by or pursuant to an Issuing Entity Certificate, the Issuing Entity will
deliver to the Indenture Trustee the Issuing Entity Certificate by or pursuant to which such form of Note has been approved, which Issuing Entity Certificate will have attached thereto a true and correct copy of the form of Note which has been
approved thereby or, if an Issuing Entity Certificate authorizes a specific officer or officers of the Beneficiary to approve a form of Note, a certificate of such officer or officers approving the form of Note attached thereto. Any form of Note
approved by or pursuant to an Issuing Entity Certificate must be acceptable as to form to the Indenture Trustee, such acceptance to be evidenced by the Indenture Trustee’s authentication of Notes in that form or a certificate signed by an
Indenture Trustee Authorized Officer and delivered to the Issuing Entity. 
 Section 2.03 Form of Indenture Trustee’s
Certificate of Authentication. The form of Indenture Trustee’s Certificate of Authentication for any Note issued pursuant to this Indenture will be substantially as follows: 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the Series, Class or Tranche designated therein referred to in the within-mentioned Indenture. 

  
 30 

 
			
	WELLS FARGO BANK,
  NATIONAL ASSOCIATION,
as Indenture Trustee,
		
	By:	 	  

		 	Authorized Signatory

 
			
		
	Dated:	 	  

 Section 2.04 Notes Issuable in the Form of a Global Note. 

(a) If the Issuing Entity establishes pursuant to Sections 2.02 and 3.01 that the Notes of a particular Series, Class or Tranche are to be
issued in whole or in part in the form of one or more Global Notes, then the Issuing Entity will execute and the Indenture Trustee or its agent will, in accordance with Section 3.03 and the Issuing Entity Certificate delivered to the Indenture
Trustee or its agent thereunder, authenticate and deliver, such Global Note or Notes, which, unless otherwise provided in the applicable Indenture Supplement (i) will represent, and will be denominated in an amount equal to the aggregate Stated
Principal Amount of the Outstanding Notes of such Series, Class or Tranche to be represented by such Global Note or Notes, or such portion thereof as the Issuing Entity will specify in an Issuing Entity Certificate, (ii) in the case of
Registered Notes, will be registered in the name of the Depository for such Global Note or Notes or its nominee, (iii) will be delivered by the Indenture Trustee or its agent to the Depository or pursuant to the Depository’s instruction,
(iv) if applicable, will bear a legend substantially to the following effect: “Unless this Note is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Issuing Entity
or its agent for registration of transfer, exchange or payment, and any Note issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized representative of DTC), any transfer, pledge or other use hereof for value or otherwise by or to any person is wrongful inasmuch as the registered owner hereof,
Cede & Co., has an interest herein” and (v) may bear such other legend as the Issuing Entity, upon advice of counsel, deems to be applicable. 

(b) Notwithstanding any other provisions of this Section 2.04 or of Section 3.05, and subject to the provisions of paragraph
(c) below, unless the terms of a Global Note or the applicable Indenture Supplement expressly permit such Global Note to be exchanged in whole or in part for individual Notes, a Global Note may be transferred, in whole but not in part and in
the manner provided in Section 3.05, only to a nominee of the Depository for such Global Note, or to the Depository, or a successor Depository for such Global Note selected or approved by the Issuing Entity, or to a nominee of such successor
Depository. 

  
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 (c) With respect to Notes issued within the United States, unless otherwise specified in the
applicable Indenture Supplement, or with respect to Notes issued outside the United States, if specified in the applicable Indenture Supplement: 

(i) If at any time the Depository for a Global Note notifies the Issuing Entity that it is unwilling or unable to continue as
Depository for such Global Note or if at any time the Depository for the Notes for such Series, Class or Tranche ceases to be a clearing agency registered under the Securities Exchange Act, or other applicable statute or regulation, the Issuing
Entity will appoint a successor Depository with respect to such Global Note. If a successor Depository for such Global Note is not appointed by the Issuing Entity within 90 days after the Issuing Entity receives such notice or becomes aware of such
ineligibility, the Issuing Entity will execute, and the Indenture Trustee or its agent, upon receipt of an Issuing Entity Certificate requesting the authentication and delivery of individual Notes of such Series, Class or Tranche in exchange for
such Global Note, will authenticate and deliver, individual Notes of such Series, Class or Tranche of like tenor and terms in an aggregate Stated Principal Amount equal to the Stated Principal Amount of the Global Note in exchange for such Global
Note. 
 (ii) The Issuing Entity may at any time and in its sole discretion determine that the Notes of any Series, Class or
Tranche or portion thereof issued or issuable in the form of one or more Global Notes will no longer be represented by such Global Note or Notes. In such event the Issuing Entity will execute, and the Indenture Trustee, upon receipt of a written
request by the Issuing Entity for the authentication and delivery of individual Notes of such Series, Class or Tranche in exchange in whole or in part for such Global Note, will authenticate and deliver individual Notes of such Series, Class or
Tranche of like tenor and terms in definitive form in an aggregate Stated Principal Amount equal to the Stated Principal Amount of such Global Note or Notes representing such Series, Class or Tranche or portion thereof in exchange for such Global
Note or Notes. 
 (iii) If specified by the Issuing Entity pursuant to Sections 2.02 and 3.01 with respect to Notes issued
or issuable in the form of a Global Note, the Depository for such Global Note may surrender such Global Note in exchange in whole or in part for individual Notes of such Series, Class or Tranche of like tenor and terms in definitive form on such
terms as are acceptable to the Issuing Entity and such Depository. Thereupon the Issuing Entity will execute, and the Indenture Trustee or its agent will authenticate and deliver, without service charge, (A) to each Person specified by such
Depository a new Note or Notes of the same Series, Class or Tranche of like tenor and terms and of any authorized denomination as requested by such Person in aggregate Stated Principal Amount equal to and in exchange for such Person’s
beneficial interest in the Global Note; and (B) to such Depository a new Global Note of like tenor and terms and in an authorized denomination equal to the difference, if any, between the Stated Principal Amount of the surrendered Global Note
and the aggregate Stated Principal Amount of Notes delivered to the Holders thereof. 

  
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 (iv) If any Event of Default has occurred with respect to such Global Notes, and
Holders of Notes evidencing more than 50% of the unpaid Outstanding Dollar Principal Amount of the Global Notes of that Series, Class or Tranche advise the Indenture Trustee and the Depository that a Global Note is no longer in the best interest of
the Noteholders, the Holders of Global Notes may exchange such Notes for individual Notes. 
 (v) In any exchange provided
for in any of the preceding three paragraphs, the Issuing Entity will execute and the Indenture Trustee or its agent will authenticate and deliver individual Notes in definitive registered form in authorized denominations. Upon the exchange of the
entire Stated Principal Amount of a Global Note for individual Notes, such Global Note will be canceled by the Indenture Trustee or its agent. Except as provided in the preceding paragraphs, Notes issued in exchange for a Global Note pursuant to
this Section 2.04 will be registered in such names and in such authorized denominations as the Depository for such Global Note, pursuant to instructions from its direct or indirect participants or otherwise, will instruct the Indenture Trustee
or the Note Registrar. The Indenture Trustee or the Note Registrar will deliver such Notes to the Persons in whose names such Notes are so registered. 

Section 2.05 Temporary Global Notes and Permanent Global Notes. 

(a) If specified in the applicable Indenture Supplement for any Tranche, all or any portion of a Global Note may initially be issued in the
form of a single temporary global Bearer Note or Registered Note (the “Temporary Global Note”), without interest coupons, in the denomination of the entire aggregate principal amount of such Series, Class or Tranche and
substantially in the form set forth in the exhibit with respect thereto attached to the applicable Indenture Supplement. The Temporary Global Note will be authenticated by the Indenture Trustee upon the same conditions, in substantially the same
manner and with the same effect as the Notes in definitive form. The Temporary Global Note may be exchanged as described below or in the applicable Indenture Supplement for permanent global Bearer Notes or Registered Notes (the “Permanent
Global Notes”). 
 (b) Unless otherwise provided in the applicable Indenture Supplement, exchanges of beneficial interests in
Temporary Global Notes for beneficial interests in Permanent Global Notes will be made as provided in this subsection 2.05(b). The Beneficiary will, upon its determination of the date of completion of the distribution of the Notes of such Series,
Class or Tranche, so advise the Indenture Trustee, the Issuing Entity, the Foreign Depository, and each foreign clearing agency forthwith. Without unnecessary delay, but in any event not prior to the Exchange Date, the Issuing Entity will execute
and deliver to the Indenture Trustee at the office of its designated agent outside the United States Permanent Global Notes in bearer or registered form (as specified in the applicable Indenture Supplement) in an aggregate principal amount equal

  
 33 

 
to the Outstanding Dollar Principal Amount of such Series, Class or Tranche of Notes. Bearer Notes so issued and delivered may have coupons attached. The Temporary Global Note may be exchanged
for an equal aggregate principal amount of Permanent Global Notes only on or after the Exchange Date. A United States Person may exchange the portion of the Temporary Global Note beneficially owned by it only for an equal aggregate principal amount
of Permanent Global Notes in registered form bearing the applicable legend set forth in the form of Registered Note attached to the applicable Indenture Supplement, which may be in temporary form if the Issuing Entity so elects. Upon any demand for
exchange for Permanent Global Notes in accordance with this clause, the Issuing Entity will cause the Indenture Trustee to authenticate and deliver the Permanent Global Notes to the Holder (x) outside the United States, in the case of Bearer
Notes and (y) according to the instructions of the Holder, in the case of Registered Notes, but in either case only upon presentation to the Indenture Trustee of a written statement substantially in the form of Exhibit B-1 (or such other
form as the Issuing Entity may determine) with respect to the Temporary Global Note, or portion thereof being exchanged, signed by a foreign clearing agency or Foreign Depository and dated on the Exchange Date or a subsequent date, to the effect
that it has received in writing or by tested telex a certification substantially in the form of (i) in the case of beneficial ownership of the Temporary Global Note, or a portion thereof being exchanged, by a United States institutional
investor pursuant to this clause, the certificate in the form of Exhibit B-2 (or such other form as the Issuing Entity may determine) signed by the Beneficiary which sold the relevant Notes or (ii) in all other cases, the certificate in
the form of Exhibit B-3 (or such other form as the Issuing Entity may determine), the certificate referred to in this subsection 2.05(b) being dated on the earlier of the first payment of interest in respect of such Note and the date of the
delivery of such Note in definitive form. Upon receipt of such certification, the Indenture Trustee will cause the Temporary Global Note to be endorsed in accordance with subsection 2.05(d). Any exchange as provided in this Section 2.05 will be
made free of charge to the Holders and the beneficial owners of the Temporary Global Note and to the beneficial owners of the Permanent Global Note issued in exchange, except that a person receiving the Permanent Global Note must bear the cost of
insurance, postage, transportation and the like in the event that such Person does not receive such Permanent Global Note in person at the offices of a foreign clearing agency or Foreign Depository. 

(c) The delivery to the Indenture Trustee by a foreign clearing agency or Foreign Depository of any written statement referred to above may be
relied upon by the Issuing Entity and the Indenture 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 Indenture. 

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

  
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 Section 2.06 Beneficial Ownership of Global Notes. Until definitive Notes have been
issued to the applicable Noteholders pursuant to Section 2.04 or as otherwise specified in any applicable Indenture Supplement: 
 (a)
the Issuing Entity and the Indenture Trustee may deal with the applicable clearing agency or Depository and the clearing agency’s or Depository’s participants for all purposes (including the making of distributions) as the authorized
representatives of the respective Note Owners; and 
 (b) the rights of the respective Note Owners will be exercised only through the
applicable clearing agency or Depository and the clearing agency’s or Depository’s participants and will be limited to those established by law and agreements between such Note Owners and the clearing agency or Depository and/or the
clearing agency’s or Depository’s participants. Pursuant to the operating rules of the applicable clearing agency, unless and until Notes in definitive form are issued pursuant to Section 2.04, the clearing agency or the Depository
will make book-entry transfers among the clearing agency’s or the Depository’s participants and receive and transmit distributions of principal and interest on the related Notes to such clearing agency’s or Depository’s
participants. 
 For purposes of any provision of this Indenture requiring or permitting Actions with the consent of, or at the direction
of, Noteholders evidencing a specified percentage of the Outstanding Dollar Principal Amount of Outstanding Notes, such direction or consent may be given by Note Owners (acting through the clearing agency and the clearing agency’s participants)
owning interests in Notes evidencing the requisite percentage of principal amount of Notes. 
 Section 2.07 Notices to
Depository. Whenever any notice or other communication is required to be given to Noteholders with respect to which book-entry Notes have been issued, unless and until Notes in definitive form will have been issued to the related Note Owners,
the Indenture Trustee will give all such notices and communications to the applicable clearing agency or Depository. 
 [END OF ARTICLE II]

  
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 ARTICLE III 

THE NOTES 
 Section 3.01
General Title; General Limitations; Issuable in Series; Terms of a Series, Class or Tranche of Notes. 
 (a) The aggregate Stated
Principal Amount of Notes which may be authenticated and delivered and Outstanding under this Indenture is not limited. 
 (b) The Notes may
be issued in one or more Series, Classes or Tranches up to an aggregate Stated Principal Amount of Notes as from time to time may be authorized by the Issuing Entity. All Notes of each Series, Class or Tranche under this Indenture will in all
respects be equally and ratably entitled to the benefits hereof with respect to such Series, Class or Tranche without preference, priority or distinction on account of the actual time of the authentication and delivery or Scheduled Principal Payment
Date or Legal Maturity Date of the Notes of such Series, Class or Tranche, except as specified in the applicable Indenture Supplement for such Series, Class or Tranche of Notes. 

(c) Each Note issued must be part of a Series, Class and Tranche of Notes for purposes of allocations pursuant to the Asset Pool One
Supplement and the related Indenture Supplement. A Series of Notes is created pursuant to an Indenture Supplement. A Class or Tranche of Notes is created pursuant to an Indenture Supplement or pursuant to a Terms Document related to the Indenture
Supplement for the applicable Series. 
 (d) Each Series of Notes will be secured by Asset Pool One. The related Indenture Supplement will
identify Asset Pool One as the Asset Pool under which a Series of Notes has been issued. 
 (e) Each Series of Notes may be assigned to a
Group or Groups (now existing or hereafter created) of Notes for purposes of allocations of certain collections pursuant to Section 3.12, the Asset Pool One Supplement and the related Indenture Supplement. The related Indenture Supplement will
identify the Group or Groups, if any, to which a Series of Notes has been assigned and the manner and extent to which Series in the same Group or Groups will share certain amounts. 

(f) Each Series of Notes may be, but need not be, subdivided into multiple Classes. Notes belonging to a Class in any Series may be entitled
to specified payment priorities over other Classes of Notes in that Series. 
 (g) Notes of a Series that belong to different Classes in
that Series belong to different Tranches on the basis of the difference in Class membership. 
 (h) Each Class of Notes may consist of a
single Tranche or may be subdivided into multiple Tranches. Notes of a single Class of a Series will belong to different Tranches if they have different terms and conditions. With respect to any Class of Notes, Notes which have identical terms,
conditions and Tranche designation will be deemed to be part of a single Tranche of Notes. 

  
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 (i) Before the initial issuance of Notes of each Series, Class or Tranche, there shall also be
established in or pursuant to an Indenture Supplement or pursuant to a Terms Document related to the applicable Indenture Supplement, provision for: 

(i) the Series designation; 

(ii) the Asset Pool designation; 

(iii) the Stated Principal Amount of the Notes; 

(iv) whether such Series belongs to any Group or Groups; 

(v) whether such Notes are of a particular Class of Notes or a Tranche of a Class of Notes; 

(vi) the Required Subordinated Amount (if any) for such Class or Tranche of Notes; 

(vii) the currency or currencies in which such Notes will be denominated and in which payments of principal of, and interest
on, such Notes will or may be payable; 
 (viii) if the principal of or interest, if any, on such Notes are to be payable,
at the election of the Issuing Entity or a Holder thereof, in a currency or currencies other than that in which the Notes are stated to be payable, the period or periods within which, and the terms and conditions upon which, such election may be
made; 
 (ix) if the amount of payments of principal of or interest, if any, on such Notes may be determined with reference
to an index based on (A) a currency or currencies other than that in which the Notes are stated to be payable, (B) changes in the prices of one or more other securities or Groups or indexes of securities or (C) changes in the prices
of one or more commodities or Groups or indexes of commodities, or any combination of the foregoing, the manner in which such amounts will be determined; 

(x) the price or prices at which such Series, Class or Tranche of Notes will be issued; 

(xi) the times at which such Series, Class or Tranche of Notes may, pursuant to any optional or mandatory redemption
provisions, be redeemed, and the other terms and provisions of any such redemption provisions; 

  
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 (xii) the rate per annum at which such Series, Class or Tranche of Notes will
bear interest, if any, or the formula or index on which such rate will be determined, including all relevant definitions, and the date from which interest will accrue; 

(xiii) each Interest Payment Date, the Scheduled Principal Payment Date and the Legal Maturity Date for such Series, Class or
Tranche of Notes; 
 (xiv) the Initial Dollar Principal Amount of such Notes, and the means for calculating the Outstanding
Dollar Principal Amount of such Series, Class or Tranche of Notes; 
 (xv) the Nominal Liquidation Amount of such Series,
Class or Tranche of Notes, and the means for calculating the Nominal Liquidation Amount of such Series, Class or Tranche of Notes; 

(xvi) whether or not application will be made to list such Series, Class or Tranche of Notes on any securities exchange; 

(xvii) any Events of Default or Early Amortization Events with respect to such Series, Class or Tranche of Notes, if not set
forth herein and any additions, deletions or other changes to the Events of Default or Early Amortization Events set forth herein that will be applicable to such Series, Class or Tranche of Notes (including a provision making any Event of Default or
Early Amortization Event set forth herein inapplicable to the Notes of that Series, Class or Tranche); 
 (xviii) the
appointment by the Indenture Trustee of an Authenticating Agent in one or more places with power to act on behalf of the Indenture Trustee and subject to its direction in the authentication and delivery of such Notes in connection with such
transactions as will be specified in the provisions of this Indenture or in or pursuant to the applicable Indenture Supplement creating such Series, Class or Tranche; 

(xix) if such Notes will be issued in whole or in part in the form of a Global Note or Global Notes, the terms and conditions,
if any, upon which such Global Note or Global Notes may be exchanged in whole or in part for other individual Notes; and the Depository for such Global Note or Global Notes (if other than the Depository specified in Section 1.01); 

(xx) if such Notes will be issued in whole or in part as Registered Notes, Bearer Notes or both, whether such Notes are to be
issued with or without coupons or both; 
 (xxi) the subordination of such Notes to any other indebtedness of the Issuing
Entity, including the Notes of any other Series, Class or Tranche; 

  
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 (xxii) if such Notes are to have the benefit of any Derivative Agreement, the
terms and provisions of such agreement; 
 (xxiii) if such Notes are to have the benefit of any Supplemental Credit
Enhancement Agreement or Supplemental Liquidity Agreement, the terms and provisions of the applicable agreement; 
 (xxiv)
the Record Date for any Payment Date of such Notes, if different from the last day of the month before the related Payment Date; 

(xxv) the Targeted Principal Deposit Amount scheduled to be deposited on each Principal Payment Date during an amortization
period or accumulation period for such Series, Class or Tranche of Notes; 
 (xxvi) whether and under what conditions,
additional amounts will be payable to Noteholders; and 
 (xxvii) any other terms of such Notes as stated in the related
Indenture Supplement; 
 all upon such terms as may be determined in or pursuant to an Indenture Supplement with respect to such Series, Class or Tranche of
Notes. 
 (j) The form of the Notes of each Series, Class or Tranche will be established pursuant to the provisions of this Indenture and
the related Indenture Supplement or Terms Document creating such Series, Class or Tranche of Notes. The Notes of each Series, Class or Tranche will be distinguished from the Notes of each other Series, Class or Tranche in such manner, reasonably
satisfactory to the Indenture Trustee, as the Issuing Entity may determine. 
 (k) Any terms or provisions in respect of the Notes of any
Series, Class or Tranche issued under this Indenture may be determined pursuant to this Section 3.01 by providing in the applicable Indenture Supplement the method by which such terms or provisions will be determined. 

(l) The Transferor Interest for each Asset Pool will be held by the Transferor. The Transferor Interest for each Asset Pool may be transferred
by the holder of such Transferor Interest in whole or in part subject to certain limitations and conditions described in the Indenture Supplements related to such Asset Pool. The Transferor Interest for each Asset Pool may be held either in an
uncertificated form or in the form of a certificate representing the Transferor Interest, called a Transferor Certificate. 

Section 3.02 Denominations and Currency. The Notes of each Series, Class or Tranche will be issuable in such denominations and
currency as will be provided in the provisions of this Indenture or in or pursuant to the applicable Indenture Supplement. In the absence of any such provisions with respect to the Registered Notes of any Series, Class or Tranche, the Registered
Notes of that Series, Class or Tranche will 

  
 39 

 
be issued in denominations of $100,000 and $1,000 multiples thereof. In the absence of any such provisions with respect to the Bearer Notes of any Series, Class or Tranche, the Bearer Notes of
that Series, Class or Tranche will be issued in denominations of 1,000, 5,000, 50,000 and 100,000 units of the applicable currency. 

Section 3.03 Execution, Authentication and Delivery and Dating. 

(a) The Notes will be executed on behalf of the Issuing Entity by an Issuing Entity Authorized Officer. The signature of any officer of the
Beneficiary or the Owner Trustee on the Notes may be manual or facsimile. 
 (b) Notes bearing the manual or facsimile signatures of
individuals who were at any time an Issuing Entity Authorized Officer will bind the Issuing Entity, notwithstanding that such individuals or any of them have ceased to hold such offices before the authentication and delivery of such Notes or did not
hold such offices at the date of issuance of such Notes. 
 (c) At any time and from time to time after the execution and delivery of this
Indenture, the Issuing Entity may deliver Notes executed by the Issuing Entity to the Indenture Trustee for authentication; and the Indenture Trustee will, upon request by an Officer’s Certificate, authenticate and deliver such Notes as in this
Indenture provided and not otherwise. 
 (d) Before any such authentication and delivery, the Indenture Trustee will be entitled to receive,
in addition to any Officer’s Certificate and Opinion of Counsel required to be furnished to the Indenture Trustee pursuant to Section 1.02, the Issuing Entity Certificate and any other opinion or certificate relating to the issuance of the
Series, Class or Tranche of Notes required to be furnished pursuant to Section 2.02 or Section 3.10. 
 (e) The Indenture Trustee
will not be required to authenticate such Notes if the issue thereof will adversely affect the Indenture Trustee’s own rights, duties or immunities under the Notes and this Indenture. 

(f) Unless otherwise provided in the form of Note for any Series, Class or Tranche, all Notes will be dated the date of their authentication.

 (g) No Note will be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such
Note a Certificate of Authentication substantially in the form provided for herein executed by the Indenture Trustee by manual signature of an authorized signatory, and such certificate upon any Note will be conclusive evidence, and the only
evidence, that such Note has been duly authenticated and delivered hereunder. 

  
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 Section 3.04 Temporary Notes. 

(a) Pending the preparation of definitive Notes of any Series, Class or Tranche, the Issuing Entity may execute, and, upon receipt of the
documents required by Section 3.03, together with an Officer’s Certificate, the Indenture Trustee will authenticate and deliver, temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any
authorized denomination, substantially of the tenor of the definitive Notes in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the Issuing Entity may determine, as evidenced by the
Issuing Entity’s execution of such Notes. 
 (b) If temporary Notes of any Series, Class or Tranche are issued, the Issuing Entity will
cause definitive Notes of such Series, Class or Tranche to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary Notes of such Series, Class or Tranche will be exchangeable for definitive Notes of such
Series, Class or Tranche upon surrender of the temporary Notes of such Series, Class or Tranche at the office or agency of the Issuing Entity in a Place of Payment, without charge to the Holder; and upon surrender for cancellation of any one or more
temporary Notes the Issuing Entity will execute and the Indenture Trustee will authenticate and deliver in exchange therefor a like Stated Principal Amount of definitive Notes of such Series, Class or Tranche of authorized denominations and of like
tenor and terms. Until so exchanged the temporary Notes of such Series, Class or Tranche will in all respects be entitled to the same benefits under this Indenture as definitive Notes of such Series, Class or Tranche. 

Section 3.05 Registration, Transfer and Exchange. 

(a) The Issuing Entity will keep or cause to be kept a register (herein sometimes referred to as the “Note Register”) in which,
subject to such reasonable regulations as it may prescribe, the Issuing Entity will provide for the registration of Registered Notes, or of Registered Notes of a particular Series, Class or Tranche, and for transfers of Registered Notes or of
Registered Notes of such Series, Class or Tranche. Any such register will be in written form or in any other form capable of being converted into written form within a reasonable time. At all reasonable times the information contained in such
register or registers will be available for inspection by the Indenture Trustee at the office or agency to be maintained by the Issuing Entity as provided in Section 10.02. 

(b) Subject to Section 2.04, upon surrender for transfer of any Registered Note of any Series, Class or Tranche at the office or agency
of the Issuing Entity in a Place of Payment, if the requirements of Section 8-401(a) of the UCC are met, the Issuing Entity will execute, and, upon receipt of such surrendered Note, the Indenture Trustee will authenticate and deliver, in the
name of the designated transferee or transferees, one or more new Registered Notes of such Series, Class or Tranche of any authorized denominations, of a like aggregate Stated Principal Amount, Scheduled Principal Payment Date and Legal Maturity
Date and of like terms. 
 (c) Subject to Section 2.04, at the option of the Holder, Notes of any Series, Class or Tranche may be
exchanged for other Notes of such Series, Class or Tranche of any authorized denominations, of a like aggregate Stated Principal Amount, Scheduled Principal Payment Date and Legal Maturity Date and of like terms, upon

  
 41 

 
surrender of the Notes to be exchanged at such office or agency described in subsection 3.05(b) above. Registered Notes, including Registered Notes received in exchange for Bearer Notes, may not
be exchanged for Bearer Notes. At the option of the Holder of a Bearer Note, subject to applicable laws and regulations, Bearer Notes may be exchanged for other Bearer Notes or Registered Notes (of the same Series, Class and Tranche of Notes) of
authorized denominations of like aggregate fractional undivided interests in the Noteholders’ interest, upon surrender of the Bearer Notes to be exchanged at an office or agency of the Note Registrar located outside the United States. Each
Bearer Note surrendered pursuant to this Section 3.05 will have attached thereto all unmatured coupons; provided, however, that any Bearer Note, so surrendered after the close of business on the last day of the month preceding the
relevant Payment Date need not have attached the coupon relating to such Payment Date. Whenever any Notes are so surrendered for exchange, the Issuing Entity will execute, and the Indenture Trustee will authenticate and deliver (in the case of
Bearer Notes, outside the United Sates), the Notes which the Noteholders making the exchange are entitled to receive. 
 (d) All Notes
issued upon any transfer or exchange of Notes will be the valid and legally binding obligations of the Issuing Entity, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such transfer or
exchange. 
 (e) Every Note presented or surrendered for transfer or exchange will (if so required by the Issuing Entity or the Indenture
Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Issuing Entity and the Note Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 

(f) Unless otherwise provided in the Note to be transferred or exchanged, no service charge will be made on any Noteholder for any transfer or
exchange of Notes, but the Issuing Entity may (unless otherwise provided in such Note) require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Notes, other
than exchanges pursuant to Section 3.04 or 9.06 not involving any transfer. 
 (g) None of the Issuing Entity, the Note Registrar or
the Indenture Trustee shall be required (i) to issue, register the transfer of or exchange any Notes of any Series, Class or Tranche during a period beginning at the opening of business 15 days before the day of selection of Notes of such
Series, Class or Tranche to be redeemed and ending at the close of business on (A) if Notes of such Series, Class or Tranche are issuable only as Registered Notes, the day of the mailing of the relevant notice of redemption of Registered Notes
of such Series, Class or Tranche so selected for redemption or (B) if Notes of the Series, Class or Tranche are issuable as Bearer Notes, the day of the first publication of the relevant notice of redemption or, if Notes of the Series, Class or
Tranche are also issuable as Registered Notes and there is no publication, the mailing of the relevant notice of redemption or (ii) to register the transfer or exchange of any Notes or portions thereof so selected for redemption. 

  
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 Notwithstanding anything herein to the contrary, the exchange of Bearer Notes into Registered
Notes shall be subject to applicable laws and regulations in effect at the time of exchange; none of the Issuing Entity, the Indenture Trustee nor the Note Registrar shall exchange any Bearer Notes into Registered Notes if it has received an Opinion
of Counsel that as a result of such exchanges the Issuing Entity or the Transferor would suffer adverse consequences under the United States federal income tax laws and regulations then in effect and the Issuing Entity has delivered to the Indenture
Trustee an Issuing Entity Certificate directing the Indenture Trustee not to make such exchanges unless and until the Indenture Trustee receives a subsequent Issuing Entity Certificate to the contrary. The Issuing Entity shall deliver copies of such
Issuing Entity Certificates to the Note Registrar. 
 (h) None of the Issuing Entity, the Indenture Trustee, any agent of the Indenture
Trustee, any Paying Agent or the Note Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Note or for maintaining, supervising or
reviewing any records relating to such beneficial ownership interests. 
 (i) The Issuing Entity initially appoints Wells Fargo Bank,
National Association to act as Note Registrar for the Registered Notes on its behalf. The Issuing Entity may at any time and from time to time authorize any Person to act as Note Registrar with respect to any Series, Class or Tranche of Notes issued
under this Indenture. Upon the appointment of a new Note Registrar, the Issuing Entity shall notify the Indenture Trustee of such appointment and the location, or the change in location of the Note Registrar. 

(j) Registration of transfer of Notes containing the following legend or to which the following legend is applicable: 

“THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS NOTE NOR
ANY PORTION HEREOF MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE SECURITIES 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 NOTE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.” 

will be effected only if such transfer is made pursuant to an effective registration statement under the Securities Act, or is exempt from the registration
requirements under the Securities Act. In the event that registration of a transfer is to be made in reliance upon an exemption from the registration requirements under the Securities Act other than Rule 144A under the Securities Act or Rule 903 or
Rule 904 of Regulation S under the Securities Act, the transferor or the transferee will deliver, at its expense, to the Issuing Entity and the Indenture Trustee, an investment letter from the transferee, substantially in the form of the investment
letter attached hereto as Exhibit A or such other form as the Issuing Entity may determine, and no registration of transfer will be made until such letter is so delivered. 

  
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 Notes issued upon registration or transfer of, or Notes issued in exchange for, Notes bearing
the legend referred to above will also bear such legend unless the Issuing Entity, the Indenture Trustee and the Note Registrar receive an Opinion of Counsel, in form and substance satisfactory to each of them, to the effect that such legend may be
removed. 
 Whenever a Note containing the legend referred to above is presented to the Note Registrar for registration of transfer, the
Note Registrar will promptly seek instructions from the Issuing Entity regarding such transfer and will be entitled to receive an Issuing Entity Certificate prior to registering any such transfer. The Issuing Entity hereby agrees to indemnify the
Note Registrar and the Indenture 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. 
 Each purchaser or transferee of Notes, or any beneficial interest
therein, shall be deemed to have represented and warranted that either (i) it is not, and is not directly or indirectly acquiring the Notes or any beneficial interest therein for, on behalf of or with any assets of, a Plan or (ii) its
acquisition and holding of the Notes or any beneficial interest therein does not and will not constitute or otherwise result in a nonexempt prohibited transaction in violation of Section 406 or 407 of ERISA or Section 4975 of the Internal
Revenue Code (or, in the case of a governmental, church or non-U.S. plan, a violation of any substantially similar non-U.S., federal, state or local law). 

Section 3.06 Mutilated, Destroyed, Lost and Stolen Notes. 

(a) If (i) any mutilated Note (together, in the case of Bearer Notes, with all unmatured coupons, if any, appertaining thereto) is
surrendered to the Indenture Trustee or the Note Registrar, or the Issuing Entity, the Note Registrar or the Indenture Trustee receive evidence to their satisfaction of the destruction, loss or theft of any Note, and (ii) there is delivered to
the Issuing Entity, the Note Registrar and the Indenture 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 Issuing Entity, the Note Registrar or the Indenture Trustee
that such Note has been acquired by a protected purchaser, the Issuing Entity will execute and upon its request the Indenture Trustee will authenticate and deliver (in the case of Bearer Notes, outside the United States), in exchange for or in lieu
of any such mutilated, destroyed, lost or stolen Note, a new Note of like tenor, Series, Class or Tranche, Scheduled Principal Payment Date, Legal Maturity Date and Stated Principal Amount, bearing a number not contemporaneously Outstanding. 

(b) In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Issuing Entity in its
discretion may, instead of issuing a new Note, pay such Note. 

  
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 (c) Upon the issuance of any new Note under this Section 3.06, the Issuing Entity may
require the payment 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 Indenture Trustee) connected therewith. 

(d) Every new Note issued pursuant to this Section 3.06 in lieu of any destroyed, lost or stolen Note will constitute an original
additional contractual obligation of the Issuing Entity, whether or not the destroyed, lost or stolen Note will be at any time enforceable by anyone, and will be entitled to all the benefits of this Indenture equally and proportionately with any and
all other Notes of the same Series, Class or Tranche duly issued hereunder. 
 (e) The provisions of this Section 3.06 are exclusive
and will preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 3.07 Payment of Interest; Interest and Principal Rights Preserved; Withholding Taxes. 

(a) Unless otherwise provided with respect to such Note pursuant to Section 3.01, interest payable on any Registered Note will be paid to
the Person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the most recent Record Date and interest payable on any Bearer Note will be paid to the bearer of that Note (or the applicable coupon).

 (b) Subject to clause (a), each Note delivered under this Indenture upon transfer of or in exchange for or in lieu of any other Note will
carry the rights to interest accrued or principal accreted and unpaid, and to accrue or accrete, which were carried by such other Note. 

(c) The right of any Noteholder to receive interest on or principal of any Note shall be subject to any applicable withholding or deduction
imposed pursuant to the Internal Revenue Code or other applicable tax law, including foreign withholding and deduction. Any amounts properly so withheld or deducted shall be treated as actually paid to the appropriate Noteholder. 

Section 3.08 Persons Deemed Owners. Title to any Bearer Note, including any coupons appertaining thereto, shall pass by delivery.
The Issuing Entity, the Indenture Trustee, the Owner Trustee, the Beneficiary, Chase USA and any agent of the Issuing Entity, the Indenture Trustee, the Owner Trustee, Chase USA or the Beneficiary may treat the Person who is proved to be the owner
of such Note pursuant to subsection 1.04(c) as the owner of such Note for the purpose of receiving payment of principal of and (subject to Section 3.07) interest on such Note and for all other purposes whatsoever, whether or not such Note be
overdue, and neither the Issuing Entity, the Indenture Trustee, the Owner Trustee, the Beneficiary, Chase USA nor any agent of the Issuing Entity, the Indenture Trustee, the Owner Trustee, Chase USA or the Beneficiary will be affected by notice to
the contrary. 

  
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 Section 3.09 Cancellation. All Notes surrendered for payment, redemption, transfer,
conversion or exchange will, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and, if not already canceled, will be promptly canceled by it. The Issuing Entity may at any time deliver to the
Indenture Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Issuing Entity may have acquired in any manner whatsoever, and all Notes so delivered will be promptly canceled by the Indenture Trustee. No Note
will be authenticated in lieu of or in exchange for any Notes canceled as provided in this Section, except as expressly permitted by this Indenture. The Indenture Trustee will dispose of all canceled Notes in accordance with its customary procedures
and will deliver a certificate of such disposition to the Issuing Entity. 
 Section 3.10 New Issuances of Notes 

(a) The Issuing Entity may issue new Notes of any Series, Class or Tranche, so long as the following conditions precedent are satisfied or
waived: 
 (i) on or before the third Business Day before a new issuance is to occur, the Issuing Entity delivers to the
Indenture Trustee and each Note Rating Agency notice of such new issuance; 
 (ii) on or prior to the date that the new
issuance is to occur, the Issuing Entity delivers to the Indenture Trustee and each Note Rating Agency an Issuing Entity Certificate to the effect that: 

(A) the Issuing Entity reasonably believes that the new issuance will not cause an Adverse Effect on any Outstanding Notes;

 (B) all instruments furnished to the Indenture Trustee conform to the requirements of this Indenture and constitute
sufficient authority hereunder for the Indenture Trustee to authenticate and deliver such Notes; 
 (C) the form and terms
of such Notes have been established in conformity with the provisions of this Indenture; and 
 (D) the Issuing Entity has
addressed any other matters as the Indenture Trustee may reasonably request; 
 (iii) not later than three Business Days
after each Most Recent Quarterly Filing Date, the Issuing Entity will have delivered to the Indenture Trustee and each Note Rating Agency an Opinion of Counsel, dated the Most Recent Quarterly Filing Date that the Issuing Entity has the trust power
and authority to execute, deliver and perform its obligations under the Notes and when duly authorized and delivered by the Issuing Entity and, assuming due authentication and delivery by the Indenture Trustee, the Notes will constitute legal, valid
and binding obligations of the Issuing Entity enforceable in accordance with their terms (subject, as to enforcement of remedies, to applicable 

  
 46 

 
bankruptcy, reorganization, insolvency, moratorium or other laws and legal principles affecting creditors’ rights generally from time to time in effect and to general equitable principles,
whether applied in an action at law or in equity) and entitled to the benefits of this Indenture, equally and ratably with all other Outstanding Notes, if any, of such Series, Class or Tranche of Notes, subject to the terms of this Indenture, each
Indenture Supplement and each Terms Document; 
 (iv) on or before the date that the new issuance is to occur, the Issuing
Entity will have obtained written confirmation from each Note Rating Agency that the new issuance will not have a Ratings Effect on any Outstanding Notes issued prior to May 22, 2012 that are rated by such Note Rating Agency; 

(v) in the case of Bearer Notes, such Notes shall be described as in section 163(f)(2)(B) of the Internal Revenue Code and
such section shall apply to such Notes; 
 (vi) on or before the date that the new issuance is to occur, the Issuing Entity
will have delivered to the Indenture Trustee an Indenture Supplement and, if applicable, the Issuing Entity Certificate or on or before the date that the new issuance is to occur, the Issuing Entity will have executed with the Indenture Trustee a
Terms Document relating to the applicable Class or Tranche of Notes; 
 (vii) in the case of Foreign Currency Notes, the
Issuing Entity will have appointed one or more Paying Agents in the appropriate countries; 
 (viii) the conditions
specified in this Section 3.10 or in Section 3.11 are satisfied; and 
 (ix) any other conditions specified in the
applicable Indenture Supplement; 
 provided, however, that any one of the aforementioned conditions may be waived or modified as a condition
precedent to any new issuance of a Series, Class or Tranche of Notes if the Issuing Entity has obtained approval from each Note Rating Agency. 

(b) The Issuing Entity and the Indenture Trustee will not be required to provide prior notice to or to obtain the consent of any Noteholder of
any Outstanding Series, Class or Tranche to issue any additional Notes of any Series, Class or Tranche. In addition, the Issuing Entity agrees to provide notice of new issuances of Series, Classes or Tranches of Notes as may be required by and in
accordance with Item 1121(a)(14) of Regulation AB. 
 (c) There are no restrictions on the timing or amount of any additional issuance
of Notes of an Outstanding Class or Tranche of a Series of Notes, so long as the conditions described in subsection 3.10(a) are met or waived. As of the date 

  
 47 

 
of any additional issuance of Notes of an Outstanding Class or Tranche of Notes, the Stated Principal Amount, Outstanding Dollar Principal Amount and Nominal Liquidation Amount of that Class or
Tranche will be increased to reflect the principal amount of the additional Notes. If the additional Notes are a Class or Tranche of Notes that has the benefit of a Derivative Agreement, the Issuing Entity will enter into a Derivative Agreement for
the benefit of the additional Notes. In addition, if the additional Notes are a Class or Tranche of Notes that has the benefit of any Supplemental Credit Enhancement Agreement or any Supplemental Liquidity Agreement, the Issuing Entity will enter
into a Supplemental Credit Enhancement Agreement or Supplemental Liquidity Agreement, as applicable, for the benefit of the additional Notes. Furthermore, the targeted deposits, if any, to the Interest Funding Account, the Principal Funding Account,
and if applicable, the Class C Reserve Account, will be increased proportionately to reflect the principal amount of the additional Notes. 

When issued, the additional Notes of a Class or Tranche will be identical in all respects to the other Outstanding Notes of that Class or
Tranche and will be equally and ratably entitled to the benefits of this Indenture and the related Indenture Supplement applicable to such Notes as the other Outstanding Notes of that Class or Tranche without preference, priority or distinction.

 Section 3.11 Specification of Required Subordinated Amount and other Terms with Respect to each Series, Class or Tranche of
Notes. 
 (a) The applicable Indenture Supplement for each Class or Tranche of Notes will specify a Required Subordinated Amount of each
subordinated Class or Tranche of Notes, if any. 
 (b) The Issuing Entity may change the Required Subordinated Amount, or method of
computing such amount, for any Class or Tranche of Notes at any time without notice to, or without the consent of, any Noteholders so long as the Issuing Entity has (i) received confirmation from the Note Rating Agencies that have rated any
Outstanding Notes of the Series to which such Class or Tranche belongs that the change in the Required Subordinated Amount will not result in a Ratings Effect with respect to any Outstanding Notes of such Series and (ii) delivered to the
Indenture Trustee and the Note Rating Agencies an Issuing Entity Tax Opinion. 
 Section 3.12 Shared Excess Available Finance Charge
Collections Groups and Other Groups. The Issuing Entity shall reallocate and redistribute certain excess Finance Charge Collections allocated to any Series to cover Series Available Finance Charge Collections Shortfalls incurred by Series
belonging to any particular Shared Excess Available Finance Charge Collections Group to the extent and as specified in the related Indenture Supplements. The Issuing Entity may also establish other Groups for purposes of reallocating other amounts
initially allocated to designated Series to the extent and as specified in the related Indenture Supplements. 
 Section 3.13
Unapplied Excess Finance Charge Collections. On each Note Transfer Date, Unapplied Excess Finance Charge Collections for each Shared Excess Available Finance Charge Collections Group for such Note Transfer Date shall be applied in the
following manner: 

  
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 (a) if the Unapplied Excess Finance Charge Collections for such Group for such Note Transfer
Date and the sum of the Aggregate Remaining Master Trust Level Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such Group for such Note Transfer Date are both greater than zero: 

(i) if the amount of Unapplied Excess Finance Charge Collections for such Group for such Note Transfer Date is greater than or
equal to the sum of the Aggregate Remaining Master Trust Level Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such Group for such Note Transfer Date, the issuing entity of each Unapplied
Excess Finance Charge Sharing Collateral Certificate with respect to such Group shall be paid an amount equal to the Aggregate Remaining Master Trust Level Required Amount for such Unapplied Excess Finance Charge Sharing Collateral Certificate, or

 (ii) if the amount of Unapplied Excess Finance Charge Collections for such Group is less than the sum of the Aggregate
Remaining Master Trust Level Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such Group for such Note Transfer Date, the issuing entity of each Unapplied Excess Finance Charge Sharing
Collateral Certificate with respect to such Group shall be paid an amount equal to the product of (x) the Unapplied Excess Finance Charge Collections for such Group for such Note Transfer Date and (y) a fraction, the numerator of which is
the Aggregate Remaining Master Trust Level Required Amount for such Unapplied Excess Finance Charge Sharing Collateral Certificate for such Note Transfer Date and the denominator of which is the sum of the Aggregate Remaining Master Trust Level
Required Amounts for all Unapplied Excess Finance Charge Sharing Collateral Certificates with respect to such Group for such Note Transfer Date; and 

(b) Unapplied Excess Finance Charge Collections remaining with respect to such Group after any payments made pursuant to subsection 3.13(a)
shall be paid to the Transferor. 
 Section 3.14 Unapplied Master Trust Level Excess Finance Charge Collections. On each Note
Transfer Date, the Servicer shall calculate the Remaining Series Finance Charge Shortfall for each Series related to each Shared Excess Available Finance Charge Collections Group. If any such Remaining Series Finance Charge Shortfall is greater than
zero, the Servicer shall calculate the Collateral Certificate Finance Charge Shortfall Allocation for each Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate and shall notify the servicer for the issuing entity of each
such Collateral Certificate of such amount. Unapplied Master Trust Level Excess Finance Charge Collections received on any Note Transfer Date from any Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate relating to any
Shared Excess Available Finance Charge Collections Group shall be applied in the following manner: 

  
 49 

 (a) if the aggregate amount of Unapplied Master Trust Level Excess Finance Charge Collections
received on such Note Transfer Date with respect to such Group is greater than or equal to the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group, each such Series shall receive the amount of its Remaining Series
Finance Charge Shortfall for such Note Transfer Date; and 
 (b) if the aggregate amount of Unapplied Master Trust Level Excess Finance
Charge Collections received on such Note Transfer Date with respect to such Group is less than the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group, each such Series shall receive an amount equal to the product of
(i) the aggregate amount of Unapplied Master Trust Level Excess Finance Charge Collections received on such Note Transfer Date with respect to such Group and (ii) a fraction, the numerator of which is the Remaining Series Finance Charge
Shortfall for such Series and the denominator of which is equal to the sum of the Remaining Series Finance Charge Shortfalls for all Series in such Group. 

Section 3.15 Unapplied Master Trust Level Principal Collections. On each Note Transfer Date, the Servicer shall calculate the
Remaining Series Principal Shortfall for each Series of Notes for such Note Transfer Date. If the sum of the Remaining Series Principal Shortfalls for all Series secured by any Asset Pool for such Note Transfer Date is greater than zero, the
Servicer shall calculate the Collateral Certificate Principal Shortfall Allocation for each Unapplied Master Trust Level Principal Sharing Collateral Certificate in such Asset Pool for such Note Transfer Date and shall notify the servicer for the
issuing entity of each such Collateral Certificate of such amount. Unapplied Master Trust Level Principal Collections received on any Note Transfer Date with respect to each Unapplied Master Trust Level Principal Sharing Collateral Certificate in an
Asset Pool shall be applied in the following manner: 
 (a) if the aggregate amount of Unapplied Master Trust Level Principal Collections
received on such Note Transfer Date with respect to such Asset Pool is greater than or equal to the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for such Note Transfer Date, each such Series shall
receive the amount of its Remaining Series Principal Shortfall for such Note Transfer Date; and 
 (b) if the aggregate amount of Unapplied
Master Trust Level Principal Collections received on such Note Transfer Date with respect to such Asset Pool is less than the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for such Note Transfer Date,
each such Series shall receive an amount equal to the product of (i) the aggregate amount of Unapplied Master Trust Level Principal Collections received on such Note Transfer Date with respect to such Asset Pool and (ii) a fraction, the
numerator of which is the Remaining Series Principal Shortfall for such Series for such Note Transfer Date and the denominator of which is equal to the sum of the Remaining Series Principal Shortfalls for all Series secured by such Asset Pool for
such Note Transfer Date. 
 [END OF ARTICLE III] 

  
 50 

 ARTICLE IV 

BANK ACCOUNTS AND INVESTMENTS 

Section 4.01 Collections. Except as otherwise expressly provided in this Indenture, the Indenture Trustee may demand payment or
delivery of, and shall receive and collect, directly and without intervention or assistance from any fiscal agent or other intermediary, all money and other property payable to or receivable by the Indenture Trustee pursuant to this Indenture
including all funds and other property payable to the Indenture Trustee in connection with the Collateral designated for inclusion in Asset Pool One. The Indenture Trustee will hold all such money and property received by it as part of the
Collateral designated for inclusion in Asset Pool One and will apply it as provided in this Indenture. 
 Section 4.02 Bank
Accounts. 
 (a) On or before the date of initial issuance of Notes secured by the Collateral designated for inclusion in Asset Pool
One, the Issuing Entity has, pursuant to the Asset Pool One Supplement, caused to be established and maintained for such Asset Pool one or more Qualified Bank Accounts (each such account as described in the Asset Pool One Supplement) in the name of
the related Collateral Agent, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the related Collateral Agent and the applicable Noteholders. From time to time in connection with the issuance of a
Series, Class or Tranche of Notes, the Indenture Trustee may cause the related Collateral Agent to establish one or more Qualified Bank Accounts denominated as “Supplemental Bank Accounts” in the name of the related Collateral Agent. Each
Bank Account shall be under the control (within the meaning of Section 9-104 of the UCC) of the Collateral Agent for Asset Pool One for the benefit of the Indenture Trustee, the applicable Collateral Agent and the applicable Noteholders whose
Notes are secured by the Collateral designated for inclusion in Asset Pool One. Supplemental Bank Accounts shall be created as specified in the Asset Pool One Supplement or Indenture Supplement. Any Supplemental Bank Account will receive deposits as
specified in the Asset Pool One Supplement or Indenture Supplement. If, at any time, the institution holding any Bank Account ceases to be a Qualified Institution, the Issuing Entity shall within 10 Business Days (or such longer period, not to
exceed 30 calendar days, as to which each Note Rating Agency may consent in writing) establish a new Bank Account that is a Qualified Bank Account and shall transfer any cash and/or investments from the existing Bank Account to such new Bank
Account. 
 (b) All payments to be made from time to time by or on behalf of the Indenture Trustee to Noteholders out of funds in the Bank
Accounts for a particular Asset Pool pursuant to this Indenture will be made as provided in the Asset Pool One Supplement or the applicable Indenture Supplement but only to the extent of available funds in the applicable Supplemental Bank Account.

  
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 Section 4.03 Investment of Funds in the Bank Accounts. 

(a) Funds on deposit in the Bank Accounts will (unless otherwise stated in the applicable Indenture Supplement) be invested and reinvested by
the related Collateral Agent or its designee acting on behalf of the Indenture Trustee at the written direction of the Issuing Entity in one or more Permitted Investments. Absent such written direction, the Collateral Agent shall invest the funds in
the Permitted Investments described in clause (a)(v) of the definition thereof. The Issuing Entity may authorize the Indenture Trustee to direct the Collateral Agent to make specific investments pursuant to written instructions, in such amounts as
the Issuing Entity will specify. Notwithstanding the foregoing, funds held by the Indenture Trustee in any of the Bank Accounts will be invested in Permitted Investments that will mature in each case no later than the date on which such funds in the
Bank Accounts are scheduled to be transferred or distributed by the Indenture Trustee pursuant to this Indenture (or as necessary to provide for timely payment of principal or interest on the applicable Principal Payment Date or Interest Payment
Date). 
 (b) All funds deposited from time to time in the Bank Accounts pursuant to this Indenture and all investments made with such funds
will be held by the related Collateral Agent in the Bank Accounts as part of the Collateral designated for inclusion in such Asset Pool as herein provided, subject to withdrawal by the Indenture Trustee or the applicable Collateral Agent, as
applicable, for the purposes specified herein. 
 (c) Funds and other property in any of the Bank Accounts will not be commingled with any
other funds or property of the Issuing Entity, the Indenture Trustee or the related Collateral Agent. The Indenture Trustee shall cause the related Collateral Agent to hold all Permitted Investments in a manner specified in the Asset Pool One
Supplement such as to ensure that such Collateral Agent shall have a first priority perfected security interest therein; provided, that, other than following an Event of Default and acceleration pursuant to Section 6.02, no Permitted
Investment shall be disposed of prior to its maturity. 
 (d) On the applicable Note Transfer Date, all interest and earnings (net of losses
and investment expenses) on funds on deposit in the Bank Accounts will be applied as specified in the Asset Pool One Supplement or Indenture Supplement. Unless otherwise stated in the Asset Pool One Supplement or Indenture Supplement, for purposes
of determining the availability of funds or the balance in the Bank Accounts for any reason under this Indenture or any Indenture Supplement, investment earnings on such funds shall be deemed not to be available or on deposit. 

Subject to subsection 7.01(d), the Indenture Trustee will not in any way be held liable by reason of any insufficiency in such Bank Accounts
resulting from any loss on any Permitted Investment included therein except for losses attributable to the Indenture Trustee’s failure to make payments on such Permitted Investments issued by the Indenture Trustee, in its commercial capacity,
in accordance with their terms. 

  
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 (e) Funds on deposit in the Bank Accounts will be invested and reinvested by the Indenture
Trustee or, with respect to Bank Accounts relating to any Asset Pool, if so required by the Asset Pool Supplement relating to such Asset Pool, by the applicable Collateral Agent, to the fullest extent practicable, in such manner as the Indenture
Trustee or such Collateral Agent will from time to time determine, but only in Permitted Investments described in clause (a)(v) of the definition thereof, upon the occurrence of any of the following events: 

(i) the Issuing Entity will have failed to give investment directions to the Indenture Trustee or such Collateral Agent; or

 (ii) an Event of Default will have occurred and is continuing but no Notes have been declared due and payable pursuant to
Section 6.02. 
 [END OF ARTICLE IV] 

  
 53 

 ARTICLE V 

SATISFACTION AND DISCHARGE; CANCELLATION OF NOTES HELD BY THE 

ISSUING ENTITY, CHASE CARD FUNDING OR CHASE USA 

Section 5.01 Satisfaction and Discharge of Indenture. This Indenture will cease to be of further effect with respect to all
Series, Class or Tranche of Notes (except as to any surviving rights of transfer or exchange of Notes of any Series, Class or Tranche expressly provided for herein or in the form of Note for that Series, Class or Tranche), and the Indenture Trustee,
on demand of and at the expense of the Issuing Entity, will execute proper instruments acknowledging satisfaction and discharge of this Indenture with respect to all Notes when: 

(a) all Notes theretofore authenticated and delivered (other than (i) Notes which have been destroyed, lost or stolen and which have been
replaced or paid as provided in Section 3.06, and (ii) Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuing Entity and thereafter repaid to the Issuing Entity or discharged
from that trust, as provided in Section 10.03) have been delivered to the Indenture Trustee canceled or for cancellation; 
 (b) the
Issuing Entity has paid or caused to be paid all other sums payable under this Indenture (including payments to the Indenture Trustee pursuant to Section 7.07 and to the Collateral Agent pursuant to the Asset Pool Supplement) by the Issuing
Entity with respect to the Notes; and 
 (c) the Issuing Entity has delivered to the Indenture Trustee an Officer’s Certificate and an
Opinion of Counsel each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture with respect to the Notes have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Issuing Entity to the Indenture Trustee with respect to any Series,
Class or Tranche of Notes under Section 7.07 and the obligations of the Indenture Trustee under Sections 5.02 and 10.03 will survive such satisfaction and discharge. 

Section 5.02 Application of Trust Money. All money and obligations deposited with the Indenture Trustee pursuant to
Section 5.01 or Section 5.03 and all money received by the Indenture Trustee in respect of such obligations will be held in trust and applied by it, in accordance with the provisions of the Series, Class or Tranche of Notes in respect of
which it was deposited and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuing Entity acting as its own Paying Agent) as the Indenture Trustee may determine, to the Persons entitled thereto, of the
principal and interest for whose payment that money and obligations have been deposited with or received by the Indenture Trustee; but that money and obligations need not be segregated from other funds held by the Indenture Trustee except to the
extent required by law. 

  
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 Section 5.03 Cancellation of Notes Held by the Issuing Entity, Chase Card Funding or
Chase USA. If the Issuing Entity, Chase Card Funding or Chase USA or any of their Affiliates holds any Notes, that Holder may, subject to any provisions of a related Indenture Supplement limiting the repayment of such Notes, by notice from that
Holder to the Indenture Trustee cause the Notes to be canceled, whereupon such Notes will no longer be Outstanding. 
 [END OF ARTICLE V]

  
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 ARTICLE VI 

EVENTS OF DEFAULT AND REMEDIES 

Section 6.01 Events of Default. “Event of Default,” wherever used herein, means with respect to any Series, Class or
Tranche of Notes any one of the following events (whatever the reason for such Event of Default and whether it will be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any
order, rule or regulation of any administrative or governmental body), unless such event is either expressly stated to be inapplicable to a particular Series, Class or Tranche of Notes or specifically deleted or modified in the applicable Indenture
Supplement creating such Series, Class or Tranche of Notes or in the form of Note for such Series, Class or Tranche: 
 (a) with respect to
such Series, Class or Tranche of Notes, as applicable, a default by the Issuing Entity in the payment of any interest on such Notes when such interest becomes due and payable, and continuance of such default for a period of 35 days following the
date on which such interest became due and payable; 
 (b) with respect to such Series, Class or Tranche of Notes, as applicable, a default
by the Issuing Entity in the payment of the Stated Principal Amount of such Tranche of Notes at the applicable Legal Maturity Date; 
 (c) a
default in the performance, or breach, of any covenant or warranty of the Issuing Entity in this Indenture in respect of the Notes of such Series, Class or Tranche (other than a covenant or warranty in respect of the Notes of such Series, Class or
Tranche a default in the performance of which or the breach of which is elsewhere in this Section specifically dealt with), all of such covenants and warranties in this Indenture which are not expressly stated to be for the benefit of a particular
Series, Class and Tranche of Notes being deemed to be in respect of the Notes of all Series, Classes or Tranches for this purpose, and continuance of such default or breach for a period of 90 days after there has been given, by registered or
certified mail, to the Issuing Entity and the Collateral Agent by the Indenture Trustee, to the Issuing Entity and the Indenture Trustee by the Collateral Agent or to the Issuing Entity, the Collateral Agent and the Indenture Trustee by the Holders
of at least 25% of the aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of the affected Series, Class or Tranche, a written notice specifying such default or breach and requesting it to be remedied and stating that such notice
is a “Notice of Default” hereunder and, as a result of such default, the interests of the Holders of the Notes of such Series, Class or Tranche are materially and adversely affected and continue to be materially and adversely affected
during the 90-day period; 
 (d) the entry of an order for relief against the Issuing Entity under the Federal Bankruptcy Code by a court
having jurisdiction in the premises or a decree or order by a court having jurisdiction in the premises adjudging the Issuing Entity as bankrupt or insolvent under any other applicable federal or state law, or the entry of a decree or order
approving as properly filed a petition seeking reorganization, 

  
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arrangement, adjustment or composition of or in respect of the Issuing Entity under the Federal Bankruptcy Code or any other applicable federal or state law, or appointing a receiver, liquidator,
assignee, trustee, sequestrator (or other similar official) of the Issuing Entity or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in
effect for a period of 90 consecutive days; 
 (e) the consent by the Issuing Entity to the institution of bankruptcy or insolvency
proceedings against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under the Federal Bankruptcy Code or any other applicable federal or state law, or the consent by it to the filing of any such petition
or to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Issuing Entity or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the
admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Issuing Entity in furtherance of any such action; or 

(f) with respect to such Series, Class or Tranche, any additional Event of Default specified in the Indenture Supplement for such Series,
Class or Tranche of Notes as applying to such Series, Class or Tranche of Notes, or specified in the form of Note for such Series, Class or Tranche. 

Section 6.02 Acceleration of Maturity; Rescission and Annulment. 

(a) If an Event of Default described in clause (a), (b), (c) or (f) (if the Event of Default under clause (c) or (f) is
with respect to less than all Series, Classes and Tranches of Notes then Outstanding) of Section 6.01 occurs and is continuing with respect to any Series, Class or Tranche, then and in each and every such case, unless the principal of all the
Notes of such Series, Class or Tranche shall have already become due and payable, either the Indenture Trustee or the Holders of more than 66 2⁄3% of the
Outstanding Dollar Principal Amount of the Notes of such Series, Class or Tranche then Outstanding hereunder (each such Series, Class or Tranche acting as a separate Class), by notice in writing to the Issuing Entity (and to the Indenture Trustee if
given by the Holders and in all cases with a copy of such notice to the applicable Collateral Agent), may declare the Outstanding Dollar Principal Amount of all the Outstanding Notes of such Series, Class or Tranche and all interest accrued or
principal accreted and unpaid (if any) thereon to be due and payable immediately, and upon any such declaration the same will become and will be immediately due and payable, anything in this Indenture, the related Indenture Supplement or in the
Notes of such Series, Class or Tranche to the contrary notwithstanding. Such payments are subject to the allocation provisions of the Asset Pool Supplement and the allocation, deposits and payment sections of the related Indenture Supplement. 

(b) If an Event of Default described in clause (c) or (f) of Section 6.01 occurs with respect to all Series, Classes and
Tranches of Outstanding Notes and is continuing, then and in each and every such case, unless the principal of all the Notes shall have already become due and payable, either the Indenture Trustee or the

  
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Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of all the Outstanding Notes
hereunder (treated as one Class), by notice in writing to the Issuing Entity (and to the Indenture Trustee if given by Holders) and in all cases with a copy of such notice to the applicable Collateral Agent for each Asset Pool with affected Notes,
may declare the Outstanding Dollar Principal Amount of all the Notes then Outstanding and all interest accrued or principal accreted and unpaid (if any) thereon to be due and payable immediately, and upon any such declaration the same will become
and will be immediately due and payable, notwithstanding anything in this Indenture, the related Indenture Supplements or the Notes to the contrary. 

(c) If an Event of Default described in clause (d) or (e) of Section 6.01 occurs and is continuing, then the Notes of all
Series, Classes and Tranches will automatically be and become immediately due and payable by the Issuing Entity, without notice or demand to any Person, and the Issuing Entity will automatically and immediately be obligated to pay off the Notes.

 At any time after such a declaration of acceleration has been made or an automatic acceleration has occurred with respect to the Notes
of any Series, Class or Tranche and before a judgment or decree for payment of the money due has been obtained by the Collateral Agent and/or the Indenture Trustee as hereinafter in this Article VI provided, the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of such Series, Classes or Tranches, by written notice to the Issuing Entity, the Indenture Trustee and the
Collateral Agent, may rescind and annul such declaration and its consequences if: 
 (i) the Issuing Entity has paid or
deposited with the Indenture Trustee a sum sufficient to pay (A) all overdue installments of interest on the Notes of such Series, Class or Tranche, (B) the principal of any Notes of such Series, Class or Tranche which have become due
otherwise than by such declaration of acceleration, and interest thereon at the rate or rates prescribed therefor by the terms of the Notes of such Series, Class or Tranche, to the extent that payment of such interest is lawful, (C) interest
upon overdue installments of interest at the rate or rates prescribed therefor by the terms of the Notes of such Series, Class or Tranche to the extent that payment of such interest is lawful, and (D) all sums paid by the Indenture Trustee
hereunder and the reasonable compensation, expenses and disbursements of the Indenture Trustee, its agents and counsel and all other amounts due to the Indenture Trustee under Section 7.07 and the Collateral Agent pursuant to the Asset Pool
Supplement; and 
 (ii) all Events of Default with respect to such Series, Class or Tranche of Notes, other than the
nonpayment of the principal of the Notes of such Series, Class or Tranche which has become due solely by such acceleration, have been cured or waived as provided in Section 6.16. 

No such rescission will affect any subsequent default or impair any right consequent thereon. 

  
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 Section 6.03 Collection of Indebtedness and Suits for Enforcement by Indenture Trustee or
the Collateral Agent on Behalf of the Indenture Trustee. The Issuing Entity covenants that if: 
 (a) the Issuing Entity defaults in the
payment of interest on any Series, Class or Tranche of Notes when such interest becomes due and payable and such default continues for a period of 35 days following the date on which such interest became due and payable, or 

(b) the Issuing Entity defaults in the payment of the principal of any Series, Class or Tranche of Notes on the Legal Maturity Date thereof;

 the Issuing Entity will, upon demand of the Indenture Trustee or the Collateral Agent, acting on behalf of the Indenture Trustee, pay (subject to the
allocation provided in this Article VI and any related Indenture Supplement) to the Collateral Agent, on behalf of the Indenture Trustee, for the benefit of the Holders of any such Notes of the affected Series, Class or Tranche, the whole amount
then due and payable on any such Notes for principal and interest, with interest, to the extent that payment of such interest will be legally enforceable, upon the overdue principal and upon overdue installments of interest, in the case of
Interest-bearing Notes, at the rate of interest applicable to the stated principal amount thereof, unless otherwise specified in the applicable Indenture Supplement, and in addition thereto, will pay such further amount as will be sufficient to
cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of (x) the Indenture Trustee, its agents and counsel and all other amounts due to the Indenture Trustee under
Section 7.07 and (y) the Collateral Agent, its agents and counsel and all other amounts due to the Collateral Agent pursuant to the Asset Pool Supplement. 

If the Issuing Entity fails to pay such amounts forthwith upon such demand, the Indenture Trustee may or may instruct the Collateral Agent, in
its own name and as trustee of an express trust, to institute a judicial proceeding for the collection of the sums so due and unpaid, and may directly or may instruct the Collateral Agent to prosecute such proceeding to judgment or final decree, and
the Indenture Trustee or the Collateral Agent may enforce the same against the Issuing Entity or any other obligor upon the Notes of such Series, Class or Tranche and collect the money adjudged or decreed to be payable in the manner provided by law
out of the Collateral or from any other obligor upon such Notes, wherever situated. 
 Section 6.04 Indenture Trustee or the
Collateral Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Issuing Entity or any
other obligor upon the Notes or the property of the Issuing Entity or of such other obligor or their creditors, the Indenture Trustee (irrespective of whether the principal of the Notes will then be due and payable as therein expressed or by
declaration or otherwise and irrespective of whether the Collateral Agent will have made any demand on the Issuing Entity for the payment of overdue principal or interest) will be entitled and empowered either directly or through instruction to the
Collateral Agent to do the same by intervention in such proceedings or otherwise: 

  
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 (a) to file and prove a claim for the whole amount of principal and interest owing and unpaid in
respect of the Notes and to file such other papers or documents as may be necessary and advisable in order to have the claims of the Indenture Trustee or the Collateral Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances (x) of the Indenture Trustee, its agents and counsel and all other amounts due to the Indenture Trustee under Section 7.07 and (y) of the Collateral Agent, its agents and counsel and all other amounts due to
the Collateral Agent pursuant to the Asset Pool Supplement) and of the Noteholders allowed in such judicial proceeding, and 
 (b) to
collect and receive any funds or other property payable or deliverable on any such claims and to distribute the same; 
 and any receiver, assignee,
trustee, liquidator, sequestrator (or other similar official) in any such judicial proceeding is hereby authorized by each Noteholder to make such payment to the Collateral Agent or the Indenture Trustee, as the case may be, and in the event that
the Indenture Trustee and the Collateral Agent will consent to the making of such payments directly to the Noteholders, to pay (x) to the Indenture Trustee any amount due to it for the reasonable compensation, expenses, disbursements and
advances of the Indenture Trustee, its agents and counsel, and any other amounts due to the Indenture Trustee under Section 7.07 and (y) to the Collateral Agent any amount due to it for the reasonable compensation, expenses, disbursements
and advances of the Collateral Agent, its agents and counsel, and any other amounts due to the Collateral Agent pursuant to the Asset Pool Supplement. 

Nothing herein contained will be deemed to authorize the Indenture Trustee or the Collateral Agent to authorize or consent to or accept or
adopt on behalf of any Noteholder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Indenture Trustee or the Collateral Agent to vote in respect of the
claim of any Noteholder in any such proceeding. 
 Section 6.05 Indenture Trustee and the Collateral Agent May Enforce Claims
Without Possession of Notes. All rights of action and claims under this Indenture or the Notes of any Series, Class or Tranche may be prosecuted and enforced by the Indenture Trustee or the Collateral Agent, at the direction of the Indenture
Trustee, without the possession of any of the Notes of such Series, Class or Tranche or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Indenture Trustee or the Collateral Agent, at the direction
of the Indenture Trustee, will be brought in its own name as trustee of an express trust, and any recovery of judgment will, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Indenture
Trustee and the Collateral Agent and their respective agents and counsel, be for the ratable benefit of the Holders of the Notes of the Series, Class or Tranche in respect of which such judgment has been recovered. 

  
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 Section 6.06 Application of Money Collected. Any money or other property collected by
the Indenture Trustee or the Collateral Agent, at the direction of the Indenture Trustee, with respect to a Series, Class or Tranche of Notes pursuant to this Article VI will be applied in the following order, at the date or dates fixed by the
Indenture Trustee and, in case of the distribution of such money on account of principal or interest, upon presentation of the Notes of such Series, Class or Tranche and the notation thereon of the payment if only partially paid and upon surrender
thereof if fully paid: 
 (a) first, to the payment, pari passu, of all amounts due to the Indenture Trustee under subsection
7.07(a) and due to the Collateral Agent under the Asset Pool One Supplement; 
 (b) second, to the payment of the amounts then due and
unpaid upon the Notes of that Series, Class or Tranche for principal, plus any accrued but unpaid interest, and any additional interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or
priority of any kind (but subject to the allocation provided in the relevant allocation provisions of the Asset Pool One Supplement and the related Indenture Supplements), according to the amounts due and payable on such Notes for principal and
interest, respectively; 
 (c) third, to pay any Trust Servicing Fees and any other fees or expenses then owing for that Series, Class or
Tranche of Notes; and 
 (d) fourth, to the Issuing Entity. 

Section 6.07 Collateral Agent May Elect to Hold the Collateral Certificate. Following an acceleration of any Series, Class or
Tranche of Notes, if a sale of Collateral does not take place, the Collateral Agent may, at the direction of the Indenture Trustee, elect to continue to hold a Collateral Certificate and apply distributions on a Collateral Certificate in accordance
with the regular distribution provisions pursuant to the relevant allocation provisions of the Asset Pool One Supplement, except that principal will be paid on the accelerated Series, Class or Tranche of Notes to the extent funds are received and
allocated to the accelerated Series, Class or Tranche of Notes, and payment is permitted by the subordination provisions of the accelerated Series, Class or Tranche of Notes. 

Section 6.08 Sale of Collateral for Accelerated Notes. In the case of a Series, Class or Tranche of Notes that has been
accelerated following an Event of Default, the Collateral Agent may, at the direction of the Indenture Trustee, and at the direction of the Holders of more than
66 2⁄3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche of Notes will, cause the Issuing Entity to sell Collateral as provided in
the related Indenture Supplement; provided, however, that none of the Transferor, any Affiliate of the Transferor, including Chase USA, or any agent of the Transferor shall be permitted to purchase Receivables in such case or to
participate in such vote whether as a Noteholder or otherwise. 

  
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 Section 6.09 Noteholders Have the Right to Direct the Time, Method and Place of
Conducting Any Proceeding for Any Remedy Available to the Indenture Trustee or the Collateral Agent. The Holders of more than 66 2⁄3% of the Outstanding
Dollar Principal Amount of any accelerated Series, Class or Tranche of Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Indenture Trustee or the Collateral Agent, or exercising
any trust or power conferred on the Indenture Trustee or on the Collateral Agent. This right may be exercised only if the direction provided by the Noteholders does not conflict with applicable law or this Indenture and does not have a substantial
likelihood of involving the Indenture Trustee or the Collateral Agent in personal liability. 
 Section 6.10 Limitation on
Suits. Except if required in the provisions of Section 13.06, to the fullest extent permitted by applicable law, no Holder of any Note of any Series, Class or Tranche will have any right to institute any proceeding, judicial or otherwise,
with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 
 (a) such
Holder has previously given written notice to the Indenture Trustee, who shall have forwarded such notice to the Collateral Agent of a continuing Event of Default with respect to Notes of such Series, Class or Tranche; 

(b) the Holders of more than 25% in Outstanding Dollar Principal Amount of the Outstanding Notes of such Series, Class or Tranche have made
written request to the Indenture Trustee, who shall have forwarded such request to the Collateral Agent, to institute proceedings in respect of such Event of Default in the name of the Collateral Agent under the Asset Pool One Supplement and on
behalf of the Indenture Trustee hereunder; 
 (c) such Holder or Holders have offered to the Indenture Trustee for itself and for the
benefit of the Collateral Agent, indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 

(d) both the Indenture Trustee and the Collateral Agent, on behalf of the Indenture Trustee, for 60 days after the Indenture Trustee has
received such notice, request and offer of indemnity have failed to institute any such proceeding; and 
 (e) no direction inconsistent with
such written request has been given to the Indenture Trustee, on behalf of the Collateral Agent, during such 60-day period by the Majority Holders of such Series, Class or Tranche; 

it being understood and intended that no one or more Holders of Notes of such Series, Class or Tranche will have any right in any manner whatsoever by virtue
of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders of Notes of such Series, Class or Tranche, or to obtain or to seek to obtain priority or preference over any other such Holders or
to enforce any right under this Indenture, except in the manner herein provided and for the equal and proportionate benefit of all the Holders of all Notes of such Series, Class or Tranche. 

  
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 Section 6.11 Unconditional Right of Noteholders to Receive Principal and Interest;
Limited Recourse. Notwithstanding any other provisions in this Indenture, the Holder of any Note will have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note on the Legal Maturity
Date specified in the related Indenture Supplement and to institute suit for the enforcement of any such payment, and such right will not be impaired without the consent of such Holder; provided, however, that notwithstanding any other
provision of this Indenture to the contrary, the obligation to pay principal of or interest on the Notes or any other amount payable to any Noteholder and to make payments in respect of any Derivative Agreement, Supplemental Credit Enhancement
Agreement or Supplemental Liquidity Agreement, as applicable, will be without recourse to the Transferor, Chase USA, the Indenture Trustee, the Collateral Agent, the Owner Trustee or any Affiliate, officer, employee or director of any of them, and
the obligation of the Issuing Entity to pay principal of or interest on the Notes or any other amount payable to any Noteholder and to make payments in respect of any Derivative Agreement, Supplemental Credit Enhancement Agreement or Supplemental
Liquidity Agreement, as applicable, will be subject to the allocation and payment provisions of the Asset Pool Supplements and the applicable Indenture Supplements and limited to amounts available from the Collateral pledged to secure the Notes of
Asset Pool One. 
 Section 6.12 Restoration of Rights and Remedies. If the Indenture Trustee or the Collateral Agent, on behalf
of the Indenture Trustee, or any Noteholder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, then and in every such case the Issuing Entity, the
Indenture Trustee, the Collateral Agent, on behalf of the Indenture Trustee, and the Noteholders will, subject to any determination in such proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all
rights and remedies of the Indenture Trustee, the Collateral Agent, on behalf of the Indenture Trustee, and the Noteholders will continue as though no such proceeding had been instituted. 

Section 6.13 Rights and Remedies Cumulative. No right or remedy herein conferred upon or reserved to the Indenture Trustee, to the
Collateral Agent, on behalf of the Indenture Trustee, or to the Noteholders is intended to be exclusive of any other right or remedy, and every right and remedy will, to the extent permitted by law, be cumulative and in addition to every other right
and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion or employment of any other appropriate
right or remedy. 
 Section 6.14 Delay or Omission Not Waiver. No delay or omission of the Indenture Trustee, the Collateral
Agent or of any Holder of any Note to exercise any right or remedy accruing upon any Event of Default will impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every 

  
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right and remedy given by this Article VI or by law to the Indenture Trustee, to the Collateral Agent, on behalf of the Indenture Trustee, or to the Noteholders may be exercised from time to
time, and as often as may be deemed expedient, by the Indenture Trustee, by the Collateral Agent, on behalf of the Indenture Trustee, or by the Noteholders, as the case may be. 

Section 6.15 Control by Noteholders. Except as provided in the provisions of Section 13.05, Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of any affected Series, Class or Tranche will have the right to direct the time, method and place of conducting any
proceeding for any remedy available to the Indenture Trustee and the Collateral Agent on behalf of the Indenture Trustee, or exercising any trust or power conferred on the Indenture Trustee, under this Indenture with respect to the Notes of such
Series, Class or Tranche, provided that: 
 (a) the Indenture Trustee and the Collateral Agent, on behalf of the Indenture Trustee,
will have the right to decline to follow any such direction if the Indenture Trustee or the Collateral Agent, as the case may be, being advised by counsel, determines that the Action so directed may not lawfully be taken or would conflict with this
Indenture or if the Indenture Trustee or the Collateral Agent in good faith will, by a Collateral Agent Authorized Officer (as defined in the Asset Pool One Supplement), determine that the proceedings so directed would involve it in personal
liability or be unjustly prejudicial to the Holders not taking part in such direction, and 
 (b) the Indenture Trustee and the Collateral
Agent, on behalf of the Indenture Trustee, may take any other action permitted hereunder deemed proper by the Indenture Trustee or the Collateral Agent, as the case may be, which is not inconsistent with such direction. 

Section 6.16 Waiver of Past Defaults. Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of any Series, Class or Tranche may on behalf of the Holders of all the Notes of such Series, Class or Tranche waive any past default hereunder or under the related
Indenture Supplement with respect to such Series, Class or Tranche and its consequences, except a default not theretofore cured: 
 (a) in
the payment of the principal of or interest on any Note of such Series, Class or Tranche, or 
 (b) in respect of a covenant or provision
hereof which under Article IX cannot be modified or amended without the consent of the Holder of each Outstanding Note of such Series, Class or Tranche. 

Upon any such waiver, such default will cease to exist, and any Event of Default arising therefrom will be deemed to have been cured, for every
purpose of this Indenture; but no such waiver will extend to any subsequent or other default or impair any right consequent thereon. 

  
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 Section 6.17 Undertaking for Costs. All parties to this Indenture agree, and each
Holder of any Note by his acceptance thereof will be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Indenture Trustee or
the Collateral Agent for any action taken or omitted by it as the Indenture Trustee or the Collateral Agent, respectively, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its
discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the
provisions of this Section will not apply to any suit instituted by the Indenture Trustee, to any suit instituted by any Noteholder, or group of Noteholders, holding in the aggregate more than 25% in Outstanding Dollar Principal Amount of the
Outstanding Notes of any Series, Class or Tranche to which the suit relates, or to any suit instituted by any Noteholders for the enforcement of the payment of the principal of or interest on any Note on or after the applicable Legal Maturity Date
expressed in such Note. 
 Section 6.18 Waiver of Stay or Extension Laws. The Issuing Entity covenants (to the extent that it
may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the
covenants or the performance of this Indenture; and the Issuing Entity (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay or impede the execution
of any power herein granted to the Indenture Trustee or the Collateral Agent, but will suffer and permit the execution of every such power as though no such law had been enacted. 

[END OF ARTICLE VI] 

  
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 ARTICLE VII 

THE INDENTURE TRUSTEE 

Section 7.01 Certain Duties and Responsibilities. 

(a) The Indenture Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture with respect
to the Notes of any Series, Class or Tranche, and no implied covenants or obligations will be read into this Indenture against the Indenture Trustee. 

(b) In the absence of bad faith on its part, the Indenture Trustee may, with respect to the Notes of any Series, Class or Tranche,
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Indenture; but in the case of any
such certificates or opinions which by any provision hereof are specifically required to be furnished to the Indenture Trustee, the Indenture Trustee will be under a duty to examine the same to determine whether or not they conform to the
requirements of this Indenture but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein. 

(c) In case an Event of Default with respect to any Series, Class or Tranche of Notes has occurred and is continuing, the Indenture Trustee
will exercise with respect to the Notes of such Series, Class or Tranche such rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a fiduciary would exercise or use under the circumstances
in the conduct of such person’s own affairs. 
 (d) No provision of this Indenture will be construed to relieve the Indenture Trustee
from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(i) this subsection (d) will not be construed to limit the effect of subsections (a) and (b) of this Section;

 (ii) the Indenture Trustee will not be liable for any error of judgment made in good faith by an Indenture Trustee
Authorized Officer, unless it will be proved that the Indenture Trustee was negligent in ascertaining the pertinent facts; 

(iii) the Indenture Trustee will not be liable with respect to any action taken or omitted to be taken by it in good faith
(A) in accordance with the direction of the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of any Series, Class or Tranche
relating to the time, method and place of conducting any proceeding for any remedy available to the Indenture Trustee, or exercising any trust or power conferred upon the Indenture Trustee, under this Indenture with respect to the Notes of such
Series, Class or Tranche or (B) upon request from Holders representing the Requisite Petition Percentage pursuant to subsection 8.04(d)(ii); and 

  
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 (iv) no provision of this Indenture will require the Indenture Trustee to expend
or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it will have reasonable grounds for believing that repayment of such funds or
indemnity satisfactory to the Indenture Trustee against such risk or liability is not reasonably assured to it. 
 (e) Whether or not
therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Indenture Trustee will be subject to the provisions of this Section. 

Section 7.02 Notice of Defaults. Within 90 days after the occurrence of any default hereunder with respect to the Notes of any
Series, Class or Tranche: 
 (a) the Indenture Trustee will transmit by mail to all Registered Noteholders of such Series, Class or Tranche,
as their names and addresses appear in the Note Register, notice of such default hereunder known to the Indenture Trustee, 
 (b) the
Indenture Trustee will notify all Holders of Bearer Notes of such Series, Class or Tranche, by publication of notice of such default in an Authorized Newspaper, or as otherwise provided in the applicable Indenture Supplement, and 

(c) the Indenture Trustee will give prompt written notification thereof to the Note Rating Agencies, unless such default will have been cured
or waived; 
 provided, however, that, except in the case of a default in the payment of the principal of or interest on any Note of such
Series, Class or Tranche, the Indenture Trustee will be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Indenture Trustee Authorized Officers of the
Indenture Trustee in good faith determine that the withholding of such notice is in the interests of the Noteholders of such Series, Class or Tranche. For the purpose of this Section, the term “default,” with respect to the Notes of any
Series, Class or Tranche, means any event which is, or after notice or lapse of time or both would become, an Event of Default with respect to the Notes of such Series, Class or Tranche. 

Section 7.03 Certain Rights of Indenture Trustee. Except as otherwise provided in Section 7.01: 

(a) the Indenture Trustee may conclusively rely and will be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document (whether in its original or facsimile form) believed by it to be genuine and to have been signed or presented by the
proper party or parties; 

  
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 (b) whenever in the administration of this Indenture the Indenture Trustee will deem it
desirable that a matter be proved or established before taking, suffering or omitting any action hereunder, the Indenture Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely upon an
Officer’s Certificate; 
 (c) the Indenture Trustee may consult with counsel of its own selection and the advice of such counsel or any
Opinion of Counsel will be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(d) the Indenture Trustee will be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Noteholders pursuant to this Indenture, unless such Noteholders shall have offered to the Indenture Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be
incurred by it in compliance with such request or direction; 
 (e) the Indenture Trustee will not be bound to make any investigation into
the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document, but the Indenture Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit, and, if the Indenture Trustee will determine to make such further inquiry or investigation, it will be entitled to examine the books, records and premises of the Issuing
Entity, personally or by agent or attorney; 
 (f) the Indenture Trustee may execute any of the trusts or powers hereunder or perform any
duties hereunder either directly or by or through agents or attorneys and the Indenture Trustee will not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; and 

(g) the Indenture Trustee will not be responsible for filing any financing statements or continuation statements in connection with the Notes,
but will cooperate with the Issuing Entity in connection with the filing of such financing statements or continuation statements. 

Section 7.04 Not Responsible for Recitals or Issuance of Notes. The recitals contained herein and in the Notes, except the
certificates of authentication, will be taken as the statements of the Issuing Entity, and the Indenture Trustee assumes no responsibility for their correctness. The Indenture Trustee makes no representations as to the validity or sufficiency of
this Indenture or of the Notes. The Indenture Trustee will not be accountable for the use or application by the Issuing Entity of Notes or the proceeds thereof. 

  
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 Section 7.05 May Hold Notes. Subject to the requirements of Rule 3a-7(a)(4)(i)
under the Investment Company Act, the Indenture Trustee, any Paying Agent, the Note Registrar or any other agent of the Issuing Entity, in its individual or any other capacity, may become the owner or pledgee of Notes and, subject to Sections 7.08,
7.09 and 7.13, may otherwise deal with the Issuing Entity with the same rights it would have if it were not Indenture Trustee, Paying Agent, Note Registrar or such other agent. 

Section 7.06 Money Held in Trust. Money held by the Indenture Trustee in trust hereunder need not be segregated from other funds
except to the extent required by law. The Indenture Trustee will be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Issuing Entity. 

Section 7.07 Compensation and Reimbursement, Limit on Compensation, Reimbursement and Indemnity. 

(a) The Issuing Entity agrees: 

(i) to pay to the Indenture Trustee from time to time reasonable compensation (or, for so long as Wells Fargo Bank, National
Association is the Indenture Trustee, such amount as has been mutually agreed upon) for all services rendered by it hereunder (which compensation will not be limited by any provision of law in regard to the compensation of a trustee of an express
trust); 
 (ii) except as otherwise expressly provided herein, to reimburse the Indenture Trustee upon its request for all
reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the reasonable expenses and disbursements of its agents and
counsel), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith; and 

(iii) to indemnify the Indenture Trustee for, and to hold it harmless against, any and all loss, liability or expense incurred
without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim or liability (whether asserted by the Issuing
Entity, the Transferor, the Servicer, any Holder or any other Person) in connection with the exercise or performance of any of its powers or duties hereunder. 

The Indenture Trustee will have no recourse to any asset of the Issuing Entity other than funds available pursuant to Section 6.06 or to any Person other
than the Transferor, the Servicer or the Issuing Entity. Except as specified in Section 6.06, any such payment to the Indenture Trustee shall be subordinate to payments to be made to the Noteholders. 

(b) This Section will survive the termination of this Indenture and the resignation or replacement of the Indenture Trustee under
Section 7.10. 

  
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 Section 7.08 Disqualification; Conflicting Interests. If the Indenture Trustee has or
will acquire a conflicting interest within the meaning of the Trust Indenture Act, the Indenture Trustee will, if so required by the Trust Indenture Act, either eliminate such interest or resign, to the extent and in the manner provided by, and
subject to the provisions of, the Trust Indenture Act and this Indenture. Nothing herein will prevent the Indenture Trustee from filing with the Commission the application referred to in the second to last paragraph of Section 310(b) of the
Trust Indenture Act. 
 Section 7.09 Corporate Indenture Trustee Required; Eligibility. There will at all times be an Indenture
Trustee hereunder with respect to each Series, Class or Tranche of Notes, which will be either a bank or a corporation organized and doing business under the laws of the United States of America or of any state thereof, authorized under such laws to
exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by federal or state authority, having a rating of at least “BBB-” by Standard & Poor’s. The
Indenture Trustee shall at all times meet the requirements of Rule 3a-7(a)(4)(i) under the Investment Company Act and shall not provide credit or credit enhancement to the Issuing Entity. 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 purposes of this Section, the combined capital and surplus of such corporation will be deemed to be its combined capital and surplus
as set forth in its most recent report of condition so published. The Issuing Entity may not, nor may any Person directly or indirectly controlling, controlled by, or under common control with the Issuing Entity, serve as Indenture Trustee. If at
any time the Indenture Trustee with respect to any Series, Class or Tranche of Notes will cease to be eligible in accordance with the provisions of this Section, it will resign immediately in the manner and with the effect hereinafter specified in
this Article VII. 
 Section 7.10 Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Indenture Trustee and no appointment of a successor Indenture Trustee pursuant to this Article VII will
become effective until the acceptance of appointment by the successor Indenture Trustee under Section 7.11. 
 (b) The Indenture
Trustee may resign with respect to any Series, Class or Tranche of Notes at any time by giving written notice thereof to the Issuing Entity. If an instrument of acceptance by a successor Indenture Trustee shall not have been delivered to the
Indenture Trustee within 30 days after the giving of such notice of resignation, the resigning Indenture Trustee may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee. 

(c) The Indenture Trustee may be removed with respect to any Series, Class or Tranche of Notes at any time by Action of the Majority Holders
of that Series, Class or Tranche, delivered to the Indenture Trustee and to the Issuing Entity. 
 (d) If at any time: 

  
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 (i) the Indenture Trustee fails to comply with Section 310(b) of the Trust
Indenture Act with respect to any Series, Class or Tranche of Notes after written request therefor by the Issuing Entity or by any Noteholder who has been a bona fide Holder of a Note of that Series, Class or Tranche for at least 6 months, or 

(ii) the Indenture Trustee ceases to be eligible under Section 7.09 with respect to any Series, Class or Tranche of Notes
and fails to resign after written request therefor by the Issuing Entity or by any such Noteholder, or 
 (iii) the
Indenture Trustee becomes incapable of acting with respect to any Series, Class or Tranche of Notes, or 
 (iv) the
Indenture Trustee is adjudged bankrupt or insolvent or a receiver of the Indenture Trustee or of its property is appointed or any public officer takes charge or control of the Indenture Trustee or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation, 
 then, in any such case, (A) the Issuing Entity may remove the Indenture Trustee, with respect to the
Series, Class or Tranche, or in the case of clause (iv), with respect to all Series, Classes or Tranches, or (B) subject to Section 6.17, any Noteholder who has been a bona fide Holder of a Note of such Series, Class and Tranche for at
least 6 months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Indenture Trustee with respect to such Series, Class or Tranche and the appointment of a successor
Indenture Trustee with respect to the Series, Class or Tranche, or, in the case of clause (iv), with respect to all Series, Classes and Tranches. 

(e) If the Indenture Trustee resigns, is removed or becomes incapable of acting with respect to any Series, Class or Tranche of Notes, or if a
vacancy shall occur in the office of the Indenture Trustee with respect to any Series, Class or Tranche of Notes for any cause, the Issuing Entity will promptly appoint a successor Indenture Trustee for that Series, Class or Tranche of Notes. If,
within one year after such resignation, removal or incapacity, or the occurrence of such vacancy, a successor Indenture Trustee with respect to such Series, Class or Tranche of Notes is appointed by Action of the Majority Holders of such Series,
Class or Tranche delivered to the Issuing Entity and the retiring Indenture Trustee, the successor Indenture Trustee so appointed will, forthwith upon its acceptance of such appointment, become the successor Indenture Trustee with respect to such
Series, Class or Tranche and supersede the successor Indenture Trustee appointed by the Issuing Entity with respect to such Series, Class or Tranche of Notes. If no successor Indenture Trustee with respect to such Series, Class or Tranche of Notes
shall have been so appointed by the Issuing Entity or the Noteholders of such Series, Class or Tranche and accepted appointment in the manner hereinafter provided, any Noteholder who has been a bona fide Holder of a Note of such Series, Class or
Tranche for at least 6 months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee with respect to such Series, Class or Tranche of Notes. 

  
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 (f) The Issuing Entity will give written notice of each resignation and each removal of the
Indenture Trustee with respect to any Series, Class or Tranche of Notes and each appointment of a successor Indenture Trustee with respect to any Series, Class or Tranche to each Noteholder as provided in Section 1.06 and to each Note Rating
Agency. To facilitate delivery of such notice, upon request by the Issuing Entity, the Note Registrar shall provide to the Issuing Entity a list of the relevant Registered Noteholders. Each notice will include the name of the successor Indenture
Trustee and the address of its principal Corporate Trust Office. 
 Section 7.11 Acceptance of Appointment by Successor. Every
successor Indenture Trustee appointed hereunder will execute, acknowledge and deliver to the Issuing Entity and to the predecessor Indenture Trustee an instrument accepting such appointment, with a copy to the Note Rating Agencies, and thereupon the
resignation or removal of the predecessor Indenture Trustee will become effective with respect to any Series, Class or Tranche of Notes as to which it is resigning or being removed as the Indenture Trustee, and such successor Indenture Trustee,
without any further act, deed or conveyance, will become vested with all the rights, powers, trusts and duties of the predecessor Indenture Trustee with respect to any such Series, Class or Tranche of Notes; but, upon request of the Issuing Entity
or the successor Indenture Trustee, such predecessor Indenture Trustee will, upon payment of its reasonable charges, if any, execute and deliver an instrument transferring to such successor Indenture Trustee all the rights, powers and trusts of the
predecessor Indenture Trustee, and will duly assign, transfer and deliver to such successor Indenture Trustee all property and money held by such predecessor Indenture Trustee hereunder with respect to all or any such Series, Class or Tranche,
subject nevertheless to its lien, if any, provided for in Section 7.07. Upon request of any such successor Indenture Trustee, the Issuing Entity will execute any and all instruments for more fully and certainly vesting in and confirming to such
successor Indenture Trustee all such rights, powers and trusts. 
 In case of the appointment hereunder of a successor Indenture Trustee
with respect to the Notes of one or more (but not all) Series, Classes or Tranches, the Issuing Entity, the predecessor Indenture Trustee and each successor Indenture Trustee with respect to the Notes of any applicable Series, Class or Tranche will
execute and deliver an Indenture Supplement which will contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the predecessor Indenture Trustee with respect to the Notes of any
Series, Class or Tranche as to which the predecessor Indenture Trustee is not being succeeded will continue to be vested in the predecessor Indenture Trustee, and will add to or change any of the provisions of this Indenture as shall be necessary to
provide for or facilitate the administration of the trusts hereunder by more than one Indenture Trustee, it being understood that nothing herein or in such Indenture Supplement will constitute such Indenture Trustees co-trustees of the same trust
and that each such Indenture Trustee will be Indenture Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Indenture Trustee. 

  
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 No successor Indenture Trustee with respect to any Series, Class or Tranche of Notes will accept
its appointment unless at the time of such acceptance such successor Indenture Trustee will be qualified and eligible under this Article VII. 

Section 7.12 Merger, Conversion, Consolidation or Succession to Business. Any corporation into which the Indenture Trustee may be
merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Indenture Trustee shall be a party, or any corporation succeeding to all or substantially all of the
corporate trust business of the Indenture Trustee, will be the successor of the Indenture Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article VII, without the execution or filing of any
paper or any further act on the part of any of the parties hereto. The Indenture Trustee shall give prompt written notice of such merger, conversion, consolidation or succession to the Note Rating Agencies. In case any Notes shall have been
authenticated, but not delivered, by the Indenture Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Indenture Trustee may adopt such authentication and deliver the Notes so authenticated with the
same effect as if such successor Indenture Trustee had itself authenticated such Notes. 
 Section 7.13 Preferential Collection of
Claims Against Issuing Entity. If and when the Indenture Trustee shall be or become a creditor of the Issuing Entity (or any other obligor upon the Notes), the Indenture Trustee will be subject to the provisions of Section 311 of the Trust
Indenture Act. An Indenture Trustee who has resigned or been removed will be subject to subsection 311(a) of the Trust Indenture Act to the extent provided therein. 

Section 7.14 Appointment of Authenticating Agent. At any time when any of the Notes remain Outstanding the Indenture Trustee, with
the approval of the Issuing Entity, may appoint an Authenticating Agent or Agents with respect to one or more Series, Classes or Tranches of Notes which will be authorized to act on behalf of the Indenture Trustee to authenticate the Notes of such
Series, Classes or Tranches issued upon exchange, registration of transfer or partial redemption thereof or pursuant to Section 3.06, and the Notes so authenticated will be entitled to the benefits of this Indenture and will be valid and
obligatory for all purposes as if authenticated by the Indenture Trustee hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Notes by the Indenture Trustee or the Indenture Trustee’s Certificate of
Authentication, such reference will be deemed to include authentication and delivery on behalf of the Indenture Trustee by an Authenticating Agent and a Certificate of Authentication executed on behalf of the Indenture Trustee by an Authenticating
Agent. Each Authenticating Agent will be acceptable to the Issuing Entity and will at all times be a corporation organized and doing business under the laws of the United States of America, any state thereof or the District of Columbia, authorized
under such laws to act as an Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and, if other than the Issuing Entity itself, subject to supervision or examination by federal or state authority. If such
Authenticating Agent publishes reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating
Agent will be deemed to be its combined capital and 

  
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surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent will cease to be eligible in accordance with the provisions of this Section, such
Authenticating Agent will resign immediately in the manner and with the effect specified in this Section. The initial Authenticating Agent for the Notes of all Series, Classes and Tranches will be Wells Fargo Bank, National Association. 

Any corporation into which an Authenticating Agent may be merged or converted or with which it may be consolidated, or any corporation
resulting from any merger, conversion or consolidation to which such Authenticating Agent will be a party, or any corporation succeeding to the corporate agency or corporate trust business of an Authenticating Agent, will continue to be an
Authenticating Agent, provided such corporation will be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Indenture Trustee or the Authenticating Agent. 

An Authenticating Agent may resign at any time by giving written notice thereof to the Indenture Trustee and to the Issuing Entity. The
Indenture Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Issuing Entity. Upon receiving such a notice of resignation or upon such a termination, or in
case at any time such Authenticating Agent will cease to be eligible in accordance with the provisions of this Section, the Indenture Trustee, with the approval of the Issuing Entity, may appoint a successor Authenticating Agent which will be
acceptable to the Issuing Entity and will give notice to each Noteholder as provided in Section 1.06. Any successor Authenticating Agent upon acceptance of its appointment hereunder will 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 will be appointed unless eligible under the provisions of this Section. 

The Indenture Trustee agrees to pay to each Authenticating Agent (other than an Authenticating Agent appointed at the request of the Issuing
Entity from time to time) reasonable compensation for its services under this Section, and the Indenture Trustee will be entitled to be reimbursed for such payments, subject to the provisions of Section 7.07. 

If an appointment with respect to one or more Series, Classes or Tranches of Notes is made pursuant to this Section, the Notes of such Series,
Classes or Tranches may have endorsed thereon, in addition to the Indenture Trustee’s Certificate of Authentication, an alternate Certificate of Authentication in the following form: 

This is one of the Notes of the Series, Classes or Tranches designated therein referred to in the within-mentioned Indenture. 

  
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	WELLS FARGO BANK,
	     NATIONAL ASSOCIATION,

as Indenture Trustee,

		
	By:	 	  

		 	As Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory

 Section 7.15 Tax Returns. 

(a) In the event that the Issuing Entity 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 Owner Trustee or the Beneficiary for signature at least 5 days before such tax returns are due to be filed. The Issuing Entity, in accordance with the terms of each Indenture Supplement, shall
also prepare or shall cause to be prepared all tax information required by law to be distributed to Noteholders and shall deliver such information to the Indenture Trustee at least 5 days prior to the date it is required by law to be distributed to
Noteholders. The Indenture Trustee, upon written request, will furnish the Servicer with all such information known to the Indenture Trustee as may be reasonably requested and required in connection with the preparation of all tax returns of the
Issuing Entity, and shall, upon request, execute such returns. In no event shall the Indenture Trustee or the Owner Trustee be personally liable for any liabilities, costs or expenses of the Issuing Entity or any Noteholder arising under any tax
law, including federal, state or local income or excise taxes or any other tax imposed on or measured by income (or any interest or penalty with respect thereto arising from a failure to comply therewith). 

(b) In the event that the Issuing Entity 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 Internal Revenue Code apply to the Issuing Entity, the Transferor (or a United States Affiliate of the Transferor if the Transferor is ineligible) is hereby
designated as the partnership representative under Section 6223(a) of the Internal Revenue Code to the extent allowed by law. The Issuing Entity shall, to the extent eligible, make the election under Section 6221(b) of the Internal Revenue
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 Issuing Entity shall, to the extent eligible, make the election under Section 6226(a) of the Internal Revenue 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 Issuing Entity, the Transferor and the Servicer are authorized, in its sole discretion, to make any available election
related to Sections 

  
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6221 through 6241 of the Internal Revenue Code and to take any action it deems necessary or appropriate to comply with the requirements of the Internal Revenue Code and conduct the Issuing
Entity’s affairs under Sections 6221 through 6241 of the Internal Revenue Code. 
 Section 7.16 Representations and Covenants
of the Indenture Trustee. The Indenture Trustee represents, warrants and covenants that: 
 (a) The Indenture Trustee is a national
banking association duly organized and validly existing under the laws of the United States of America; 
 (b) The Indenture Trustee has
full power and authority to deliver and perform this Indenture and has taken all necessary action to authorize the execution, delivery and performance by it of this Indenture and other documents to which it is a party; and 

(c) Each of this Indenture and other documents to which it is a party has been duly executed and delivered by the Indenture Trustee and
constitutes its legal, valid and binding obligation in accordance with its terms. 
 Section 7.17 Custody of Collateral Certificates
and Collateral. Unless otherwise specified in the Asset Pool One Supplement, each Collateral Certificate shall be registered in the name of and shall be delivered to and held by the applicable Collateral Agent in the State of New York separate
and apart from all other property held by such Collateral Agent. The Collateral Agent shall hold such of the Collateral as constitutes a Permitted Investment and all other Collateral in accordance with the Asset Pool One Supplement. 

Section 7.18 Indenture Trustee’s Application for Instructions from the Issuing Entity. Any application by the Indenture
Trustee for written instructions from the Issuing Entity may, at the option of the Indenture Trustee, set forth in writing any action proposed to be taken or omitted by the Indenture Trustee under and in accordance with this Indenture and the date
on and/or after which such action shall be taken or such omission shall be effective, provided that such application shall make specific reference to this Section 7.18. The Indenture Trustee shall not be liable for any action taken by,
or omission of, the Indenture Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than 5 Business Days after the date any officer of the Issuing Entity
actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Indenture Trustee shall have received
written instructions in response to such application specifying the action to be taken or omitted. 
 [END OF ARTICLE VII] 

  
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 ARTICLE VIII 

NOTEHOLDERS’ MEETINGS, LISTS, REPORTS BY INDENTURE TRUSTEE AND 

ISSUING ENTITY 
 Section 8.01
Issuing Entity To Furnish Indenture Trustee Names and Addresses of Noteholders. The Issuing Entity will furnish or cause to be furnished to the Indenture Trustee: 

(a) not more than 15 days after each Record Date, in such form as the Indenture Trustee may reasonably require, a list of the names and
addresses of the Registered Noteholders of such Series, Classes or Tranches as of such date, and 
 (b) at such other times as the Indenture
Trustee may request in writing, within 30 days after the receipt by the Issuing Entity of any such request, a list of similar form and content as of a date not more than 15 days before the time such list is furnished; 

provided, however, that so long as the Indenture Trustee is the Note Registrar, no such list shall be required to be furnished. 

Section 8.02 Preservation of Information; Communications to Noteholders. 

(a) The Indenture Trustee will preserve, in as current a form as is reasonably practicable, the names and addresses of Registered Noteholders
contained in the most recent list furnished to the Indenture Trustee as provided in Section 8.01 and the names and addresses of Registered Noteholders received by the Indenture Trustee in its capacity as Note Registrar. The Indenture Trustee
may destroy any list furnished to it as provided in Section 8.01 upon receipt of a new list so furnished. 
 (b) If 3 or more Holders
of Notes of any Series, Class or Tranche (hereinafter referred to as “applicants”) (or, if there are less than 3 such Holders, all of the Holders) apply in writing to the Indenture Trustee, and furnish to the Indenture Trustee reasonable
proof that each such applicant has owned a Note of such Series, Class or Tranche for a period of at least 6 months preceding the date of such application, and such application states that the applicants desire to communicate with other Holders of
Notes of such Series, Class or Tranche or with the Holders of all Notes with respect to their rights under this Indenture or under such Notes and is accompanied by a copy of the form of proxy or other communication which such applicants propose to
transmit, then the Indenture Trustee will, within 5 Business Days after the receipt of such application, at its election, either 

(i) afford such applicants access to the information preserved at the time by the Indenture Trustee in accordance with
subsection 8.02(a), or 

  
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 (ii) inform such applicants as to the approximate number of Holders of Notes of
such Series, Class or Tranche or all Notes, as the case may be, whose names and addresses appear in the information preserved at the time by the Indenture Trustee in accordance with subsection 8.02(a), and as to the approximate cost of mailing to
such Noteholders the form of proxy or other communication, if any, specified in such application. 
 If the Indenture Trustee shall elect
not to afford such applicants access to such information, the Indenture Trustee shall, upon the written request of such applicants, mail to each Holder of a Registered Note of such Series, Class or Tranche or to all Registered Noteholders, as the
case may be, whose names and addresses appear in the information preserved at the time by the Indenture Trustee in accordance with subsection 8.02(a), a copy of the form of proxy or other communication which is specified in such request, with
reasonable promptness after a tender to the Indenture Trustee of the material to be mailed and of payment, or provision for the payment, of the reasonable expenses of mailing, unless, within 5 days after such tender, the Indenture Trustee shall mail
to such applicants and file with the Commission, together with a copy of the material to be mailed, a written statement to the effect that, in the opinion of the Indenture Trustee, such mailing would be contrary to the best interests of the Holders
of Notes of such Series, Class or Tranche or all Noteholders, as the case may be, or would be in violation of applicable law. Such written statement will specify the basis of such opinion. If the Commission, after opportunity for a hearing upon the
objections specified in the written statement so filed, shall enter an order refusing to sustain any of such objections or if, after the entry of an order sustaining one or more of such objections, the Commission shall find, after notice and
opportunity for hearing, that all the objections so sustained have been met and shall enter an order so declaring, the Indenture Trustee will mail copies of such material to all Registered Noteholders of such Series, Class or Tranche or all
Registered Noteholders, as the case may be, with reasonable promptness after the entry of such order and the renewal of such tender; otherwise the Indenture Trustee will be relieved of any obligation or duty to such applicants respecting their
application. 
 (c) Every Holder of Notes, by receiving and holding the same, agrees with the Issuing Entity and the Indenture Trustee that
neither the Issuing Entity nor the Indenture Trustee will be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders of Notes in accordance with subsection 8.02(b), regardless of the source
from which such information was derived, and that the Indenture Trustee will not be held accountable by reason of mailing any material pursuant to a request made under subsection 8.02(b). 

(d) In addition to the foregoing provisions of this Section 8.02, requests by Noteholders or Certified Note Owners of Notes that were
issued publicly pursuant to a shelf registration statement on Commission Form SF-3 to communicate with other Noteholders or Note Owners with respect to the exercise of rights under the Indenture, the other Transaction Documents or the Notes, shall
be included on the Form 10-D filing by the Issuing Entity with respect to the Monthly Period during which the request was received and may include, but shall be limited to: (i) the name of the 

  
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Noteholder or Note Owner making the request, (ii) the date the request was received, (iii) a statement to the effect that the Issuing Entity has received a request from such Noteholder
or Note Owner who is interested in communicating with other Noteholders or Note Owners with regard to the possible exercise of rights under the Indenture, the Transaction Documents or the Notes and (iv) a description of the method other
Noteholders or Note Owners may use to contact the requesting Noteholder or Note Owner, in accordance with the terms and provisions of Section 13.07. 

Section 8.03 Reports by Indenture Trustee. 

(a) The term “reporting date” as used in this Section means December 31. Within 60 days after the reporting date in each year,
the Indenture Trustee will transmit to Noteholders, in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act, a brief report dated as of such reporting date if required by Section 313(a) of the Trust Indenture
Act. 
 (b) To the extent required by the Trust Indenture Act, the Indenture Trustee will mail each year to all Registered Noteholders, with
a copy to the Note Rating Agencies a report concerning: 
 (i) its eligibility and qualifications to continue as trustee
under this Indenture; 
 (ii) any amounts advanced by the Indenture Trustee under this Indenture; 

(iii) the amount, interest rate and maturity date of indebtedness owing by the Issuing Entity to each of the Indenture Trustee
and the Collateral Agent, each in its individual capacity; 
 (iv) the property and funds physically held by the related
Collateral Agent as Collateral Agent of Asset Pool One by which such Notes are secured; 
 (v) any release or release and
substitution of Collateral subject to the lien of the Asset Pool One Supplement which has not previously been reported; and 

(vi) any action taken by the Indenture Trustee or the Collateral Agent, on behalf of the Indenture Trustee, that materially
affects the Notes and that has not previously been reported. 
 (c) The Indenture Trustee will comply with subsections 313(b) and 313(c) of
the Trust Indenture Act. 
 (d) A copy of each such report will, at the time of such transmission to Noteholders, be filed by the Indenture
Trustee with each stock exchange upon which the Notes are listed, and also with the Commission. The Issuing Entity will notify the Indenture Trustee when the Notes are admitted to trading on any stock exchange. 

  
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 Section 8.04 Meetings of Noteholders; Amendments and Waivers. 

(a) If the Notes of a Series, Class or Tranche are issuable in whole or in part as Bearer Notes, a meeting of the Noteholders of such Series,
Class or Tranche may be called at any time and from time to time pursuant to this Section 8.04 to make, give or take any Action provided by this Indenture or any Indenture Supplement to be made, given or taken by Noteholders of such Series,
Class or Tranche. 
 (b) The Indenture Trustee may call a meeting of the Noteholders of any Series, Class or Tranche issuable in whole or in
part as Bearer Notes at any time for any purpose specified in this Indenture or any Indenture Supplement. The Indenture Trustee will call a meeting upon request of the Issuing Entity or the Holders of at least 10% in aggregate Outstanding Dollar
Principal Amount of the Outstanding Notes of such Series, Class or Tranche issuable in whole or in part as Bearer Notes. Notwithstanding the foregoing, if a meeting is requested for the purposes of determining whether to initiate an Asset
Representations Review, the provisions of subsection 8.04(d)(ii) shall apply. 
 (c) To be entitled to vote at any meeting of the
Noteholders of any Series, Class or Tranche, a Person shall be (i) a Holder of one or more Outstanding Notes of such Series, Class or Tranche, or (ii) a Person appointed by an instrument in writing as proxy for the Noteholder or
Noteholders of one or more Outstanding Notes of such Series, Class or Tranche by the Noteholder or Noteholders. The only Person who shall be entitled to be present or to speak at any meeting of the Noteholders of any Series, Class or Tranche shall
be the Persons entitled to vote at such meeting and their counsel, any representatives of the Indenture Trustee and its counsel and any representatives of the Issuing Entity and its counsel. 

(d) Any resolution passed or decision taken at any meeting of Noteholders duly held in accordance with this Indenture will be binding on all
Noteholders of the affected Series, Class or Tranche. 
 (i) Except for any consent that must be given by the Holders of
each Outstanding Note affected or any action to be taken by the Issuing Entity as holder of any Collateral Certificate and except as set forth in subsection 8.04(d)(ii), any resolution presented at any meeting at which a quorum is present may be
adopted by the affirmative vote of the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of that Series, Class or Tranche, as the case
may be. However, any resolution with respect to any Action which may be given by the Holders of not less than a specified percentage in aggregate Outstanding Dollar Principal Amount of Outstanding Notes of a Series, Class or Tranche of Bearer Notes
may be adopted at any meeting at which a quorum is present only by the affirmative vote of the Holders of not less than the specified percentage in aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of such Series, Class or
Tranche. 

  
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 (ii) Within 90 days after the filing of a Form 10-D disclosing that the
Delinquency Percentage for the Monthly Period covered by the Form 10-D was equal to or greater than the Delinquency Trigger (a “Delinquency Trigger Breach”), the Certified Note Owners of at least 5% of the aggregate Outstanding
Dollar Principal Amount of the Outstanding Notes (the “Requisite Petition Percentage”) may request the Indenture Trustee to initiate a vote of all Outstanding Notes to determine whether the Note Owners support engaging the Reviewer
to conduct an Asset Representations Review. A vote shall be initiated by the Indenture Trustee if the Requisite Petition Percentage provides instructions in writing to the Indenture Trustee requesting a vote. The Indenture Trustee shall thereupon
follow its standard procedures with respect to conducting the vote. If the Certified Note Owners of at least 5% of the aggregate Outstanding Dollar Principal Amount of Outstanding Notes participate in the vote and the Certified Note Owners
representing at least a simple majority of the Outstanding Dollar Principal Amount of the Notes casting a vote shall vote in favor of an Asset Representations Review, then the Indenture Trustee will notify the Servicer, Chase USA and the Transferor
of the results of the vote and an Asset Representations Review will be conducted by the Reviewer pursuant to subsection 13.05(b). The vote to direct such an Asset Representations Review must be completed within 150 days following the filing with the
Commission of the Form 10-D disclosing the Delinquency Trigger Breach. If the voting process is not completed within such 150-day period and a Delinquency Trigger Breach has not occurred in any subsequent reporting period, then the Certified Note
Owners may not initiate or, if already initiated, complete a vote to direct an Asset Representations Review with respect to that Delinquency Trigger Breach. However, if a Delinquency Trigger Breach occurs in a subsequent period, the 90-day petition
period described in the first sentence of this clause (ii) and the 150-day period for the completion of a vote will restart from the filing of the Form 10-D disclosing the most recent breach if no petition to vote has been initiated, no vote
has been scheduled and no Asset Representations Review is being conducted. Only one petition to vote, scheduled vote or Asset Representations Review shall be permitted to occur at any point in time. The Servicer shall reimburse the Indenture Trustee
for reasonable expenses, disbursements and advances incurred or made by the Indenture Trustee in connection with the vote described in this subsection 8.04(d). 

(e) Except as set forth in subsection 8.04(d)(ii), the quorum at any meeting will be persons holding or representing the Holders of more than
66 2⁄3% of the Outstanding Dollar Principal Amount of a Series, Class or Tranche or all Notes, as the case may be; provided, that if any action is to be
taken at that meeting concerning an Action that may be given by the Holders of not less than a specified percentage in aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of a Series, Class or Tranche, the persons holding or
representing such specified percentage in aggregate Outstanding Dollar Principal Amount of the Outstanding Notes of such Series, Class or Tranche or all Notes will constitute a quorum. 

(f) The ownership of Bearer Notes will be proved as provided in subsection 1.04(c)(ii). 

  
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 (g) The Issuing Entity may make reasonable rules for other matters relating to Action by or a
meeting of Noteholders not otherwise covered by this Section, including but not limited to the location or locations for such meeting, the manner of voting at such meeting, the appointment and duties of inspectors of the vote, the submission and
examination of proxies, certificates and other evidence of the right to vote and the appointment of a chairperson for the meeting. 
 (h) As
set forth in the applicable Pooling and Servicing Agreement and the related Series Supplement, with respect to certain actions requiring the consent or direction of Investor Certificateholders holding a specified percentage of the aggregate unpaid
amount outstanding of Investor Certificates (whether by number of Series, as that term is defined in the applicable Pooling and Servicing Agreement, or percentage of all outstanding Investor Certificates depending on the manner of voting or
consenting on such matter), including consenting to certain amendments and terminating the related Master Trust, the Issuing Entity, as holder of any Collateral Certificate, shall be deemed to be an Investor Certificateholder under such Pooling and
Servicing Agreement, and will be deemed to have voted in accordance with the Investor Certificateholders holding a majority of the aggregate Invested Amount outstanding of such Investor Certificates which are entitled to vote or consent on such
matter; provided, however, that in the event Investor Certificateholders holding equal portions of the Invested Amount outstanding of such Investor Certificates vote in the positive and in the negative, without taking into
consideration the vote of the Issuing Entity, as holder of such Collateral Certificate, the Issuing Entity shall be deemed to vote in the negative; provided further, that if the Collateral Certificate is the sole Investor Certificate
outstanding which is entitled to vote or consent on such matter, the Issuing Entity, as holder thereof, will be deemed to have voted in the negative. 

Section 8.05 Reports by Issuing Entity to the Commission. The Issuing Entity will: 

(a) file with the Indenture Trustee, within 15 days after the Issuing Entity is required to file the same with the Commission, copies of the
annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe) which the Issuing Entity may be required to file with
the Commission pursuant to Section 13 or Section 15(d) of the Securities Exchange Act; or, if the Issuing Entity is not required to file information, documents or reports pursuant to either of said Sections, then it will file with the
Indenture Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be required pursuant to
Section 13 of the Securities Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(b) file with the Indenture Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such additional information, documents and reports with respect to compliance by the Issuing Entity with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and 

  
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 (c) transmit by mail to all Registered Noteholders, as their names and addresses appear in the
Note Register, and notify all Holders of Bearer Notes of such Series, Class or Tranche, by publication of such notice in an Authorized Newspaper or as otherwise provided in the applicable Indenture Supplement, within 30 days after the filing thereof
with the Indenture Trustee, such summaries of any information, documents and reports required to be filed by the Issuing Entity pursuant to paragraphs (a) and (b) of this Section as may be required by rules and regulations prescribed from
time to time by the Commission. 
 Section 8.06 Monthly Noteholders’ Statement. On each Determination Date the Issuing
Entity will, in cooperation with the Servicer of the Master Trust and the Servicer under the Transfer and Servicing Agreement, complete and deliver to the Indenture Trustee and the Master Trust Trustee (with a copy to each Note Rating Agency), a
Monthly Noteholders’ Statement. 
 On each Payment Date, the Indenture Trustee shall make the Monthly Noteholders’ Statement
available electronically and, with the consent or at the direction of the Issuing Entity, such other information regarding the Notes and/or the Collateral as the Indenture Trustee may have in its possession, but only with the use of a password
provided by the Indenture Trustee or its agent to such Person upon receipt by the Indenture Trustee from such Person of a certification in a form acceptable to the Indenture Trustee; provided, however, that the Indenture Trustee or its
agent shall provide such password to the parties to this Indenture and each Note Rating Agency without requiring such certification; provided, further, however, that the Indenture Trustee shall have no obligation to provide such
information described in this Section 8.06 until it has received the requisite information from the Issuing Entity or the Servicer, as applicable. The Indenture Trustee will make no representation or warranty as to the accuracy or completeness
of such documents and will assume no responsibility therefor. 
 The Indenture Trustee’s internet website shall be initially located at
“www.ctslink.com” or at such other address as shall be specified by the Indenture Trustee from time to time in writing to each Note Rating Agency, each Noteholder and the parties to this Indenture and to the Transfer and Servicing
Agreement. In connection with providing access to the Indenture Trustee’s website, the Indenture Trustee may require registration and the acceptance of a disclaimer. Other than as set forth in Section 7.01 hereof, the Indenture Trustee
shall not be liable for the electronic dissemination of information as contemplated by this Section. 
 Section 8.07 Payment
Instruction to Master Trust. 
 (a) Promptly after the receipt by the Issuing Entity of each Monthly Servicer’s Certificate under
the applicable Series Supplement, the Issuing Entity will, in cooperation with the Servicer, complete an applicable Payment Instruction and deliver a copy thereof to the Indenture Trustee and the Master Trust Trustee. 

  
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 (b) From time to time, the Issuing Entity will notify the Servicer of the information necessary
to be provided by the Issuing Entity under the applicable section of the applicable Pooling and Servicing Agreement as supplemented by any Series Supplement to calculate the Invested Amount of the Collateral Certificate issued under such Pooling and
Servicing Agreement. 
 [END OF ARTICLE VIII] 

  
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 ARTICLE IX 

INDENTURE SUPPLEMENTS; AMENDMENTS TO THE POOLING AND 

SERVICING AGREEMENT AND AMENDMENTS TO THE TRUST AGREEMENT 

Section 9.01 Supplemental Indentures and Amendments Without Consent of Noteholders. Without the consent of the Holders of any
Notes but with prior notice to each Note Rating Agency, the Collateral Agent and the Indenture Trustee, at any time and from time to time, upon delivery by the Issuing Entity to the Indenture Trustee and the Collateral Agent of an Officer’s
Certificate to the effect that the Issuing Entity 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, and, with respect to subsections (a), (b),
(d), (f) through (j) and (l) through (n) of this Section 9.01, and upon delivery of an Issuing Entity Tax Opinion, the Issuing Entity may amend this Indenture, including any Asset Pool Supplement, any Indenture Supplement or
enter into one or more Asset Pool Supplements or Indenture Supplements, in form satisfactory to the Indenture Trustee and the Collateral Agent, for any of the following purposes: 

(a) to evidence the succession of another Entity to the Issuing Entity, and the assumption by any such successor of the covenants of the
Issuing Entity herein and in the Notes; 
 (b) to add to the covenants of the Issuing Entity, or to surrender any right or power herein
conferred upon the Issuing Entity by this Indenture, for the benefit of the Holders of the Notes of any or all Series, Classes or Tranches (and if such covenants or the surrender of such right or power are to be for the benefit of less than all
Series, Classes or Tranches of Notes, stating that such covenants are expressly being included or such surrenders are expressly being made solely for the benefit of one or more specified Series, Classes or Tranches of Notes); 

(c) to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make
any other provisions with respect to matters or questions arising under this Indenture; 
 (d) to add to this Indenture such provisions as
may be expressly permitted by the Trust Indenture Act, excluding, however, the provisions referred to in Section 316(a)(2) of the Trust Indenture Act as in effect at the date as of which this Indenture was executed or any corresponding
provision in any similar federal statute hereafter enacted; 
 (e) to establish any form of Note, as provided in Article II, and to provide
for the issuance of any Series, Class or Tranche of Notes as provided in Article III and to set forth the terms thereof, and/or to add to the rights of the Holders of the Notes of any Series, Class or Tranche; 

  
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 (f) to evidence and provide for the acceptance of appointment by another corporation as a
successor Indenture Trustee hereunder with respect to one or more Series, Classes or Tranches of Notes and to add to or change any of the provisions of this Indenture as will be necessary to provide for or facilitate the administration of the trusts
hereunder by more than one Indenture Trustee, pursuant to Section 7.11; 
 (g) to evidence and provide for the acceptance of
appointment by another corporation as a successor Collateral Agent under the Asset Pool Supplement with respect to the relevant Asset Pool and to add to or change any of the provisions of such Asset Pool Supplement as will be necessary to provide
for or facilitate the administration of the trusts under such Asset Pool Supplement by more than one Collateral Agent, to the extent provided for in such Asset Pool Supplement; 

(h) to add any additional Early Amortization Events or Events of Default in respect of the Notes of any or all Series, Classes or Tranches
(and if such additional Events of Default are to be in respect of less than all Series, Classes or Tranches of Notes, stating that such Events of Default are expressly being included solely for the benefit of one or more specified Series, Classes or
Tranches of Notes); 
 (i) to provide for the consolidation of any Master Trust and the Issuing Entity into a single Entity or the transfer
of assets in such Master Trust to the Issuing Entity after the termination of all Series of Investor Certificates (other than the related Collateral Certificate or Certificates); 

(j) if the Transferor under the Transfer and Servicing Agreement or any Pooling and Servicing Agreement is replaced under, the Transfer and
Servicing Agreement or any such Pooling and Servicing Agreement, or one or more additional Beneficiaries under the Trust Agreement are added to, or replaced under, the Trust Agreement, to make any necessary changes to the Indenture or any other
related document; 
 (k) to establish an Asset Pool and to set forth the terms thereof, including the designation of Collateral thereto,
and/or to add to the rights of the Holders of Notes of any Series, Class or Tranche secured by an Asset Pool; 
 (l) to provide for
additional or alternative forms of credit enhancement for any Tranche of Notes; 
 (m) to comply with any regulatory, accounting or tax
laws; or 
 (n) to qualify for sale treatment under generally accepted accounting principles in effect prior to November 15, 2009. 

Additionally, notwithstanding any provision of this Article IX to the contrary and in addition to (a) through (n) above, this
Indenture, including any Indenture Supplement or any Asset Pool Supplement, may also be amended without the consent of the Indenture Trustee, the Collateral Agent or any of the Noteholders, upon delivery of an Issuing Entity Tax Opinion for the
purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture, any Indenture Supplement or any Asset Pool Supplement or of modifying in any manner the rights of

  
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the Holders of the Notes under this Indenture, any Indenture Supplement or any Asset Pool Supplement; provided, however, that (i) the Issuing Entity shall deliver to the
Indenture Trustee, the Collateral Agent and the Owner Trustee an Officer’s Certificate to the effect that the Issuing Entity 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 and that such amendment does not adversely affect the rights, duties, benefits, protections, privileges or immunities of the Indenture Trustee or the applicable Collateral Agent and (ii) each Note Rating
Agency confirms in writing that such amendment will not cause a Ratings Effect. 
 Section 9.02 Supplemental Indentures with Consent
of Noteholders. In addition to any amendment permitted pursuant to Section 9.01 hereof, with prior notice to each applicable Note Rating Agency and the consent of Holders of more than 66 2⁄3% in Outstanding Dollar Principal Amount of each Series, Class or Tranche of Notes affected by such amendment of this Indenture, including any Asset Pool Supplement and any Indenture Supplement, by Act of said
Holders delivered to the Issuing Entity, the Collateral Agent and the Indenture Trustee, the Issuing Entity, the Collateral Agent and the Indenture Trustee, as applicable, upon delivery of an Issuing Entity Tax Opinion, may enter into an amendment
of this Indenture for the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture or of modifying in any manner the rights of the Holders of the Notes of each such Series, Class or
Tranche under this Indenture or any Indenture Supplement; provided, however, that no such amendment of an Indenture Supplement will, without the consent of the Holder of each Outstanding Note affected thereby: 

(a) change the scheduled payment date of any payment of interest on any Note, or change a Scheduled Principal Payment Date or Legal Maturity
Date of any Note; 
 (b) reduce the Stated Principal Amount of, or the interest rate on any Note, or change the method of computing the
Outstanding Dollar Principal Amount, the Adjusted Outstanding Dollar Principal Amount or the Nominal Liquidation Amount in a manner that is adverse to the Holder of any Note; 

(c) [RESERVED]; 
 (d) impair the
right to institute suit for the enforcement of any payment on any Note; 
 (e) reduce the percentage in Outstanding Dollar Principal Amount
of the Outstanding Notes of any Series, Class or Tranche of Notes, the consent of whose Holders is required for any such Indenture Supplement, or the consent of whose Holders is required for any waiver of compliance with the provisions of this
Indenture or of defaults hereunder and their consequences, provided for in this Indenture; 

  
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 (f) modify any of the provisions of this Section or Section 6.18, except to increase any
percentage of Holders required to consent to any such amendment or to provide that other provisions of this Indenture cannot be modified or waived without the consent of the Holder of each Outstanding Note affected thereby; 

(g) permit the creation of any lien or other encumbrance on the Collateral of any Asset Pool that secures any Tranche of Notes that is prior
to the lien in favor of the Holders of the Notes of such Tranche; 
 (h) change any Place of Payment where any principal of, or interest on,
any Note is payable, unless otherwise provided in the applicable Indenture Supplement; 
 (i) change the method of computing the amount of
principal of, or interest on, any Note on any date; or 
 (j) make any other amendment not permitted by Section 9.01. 

An amendment of this Indenture or an Indenture Supplement which changes or eliminates any covenant or other provision of this Indenture which
has expressly been included solely for the benefit of one or more particular Series, Classes or Tranches of Notes, or which modifies the rights of the Holders of Notes of any such Series, Class or Tranche with respect to such covenant or other
provision, will be deemed not to affect the rights under this Indenture of the Holders of Notes of any other Series, Class or Tranche. 
 It
will not be necessary for any Act of Noteholders under this Section to approve the particular form of any proposed amendment or Indenture Supplement, but it will be sufficient if such Act will approve the substance thereof. 

Section 9.03 Execution of Amendments and Indenture Supplements. In executing or accepting the additional trusts created by any
amendment of this Indenture or Indenture Supplement permitted by this Article IX or the modifications thereby of the trusts created by this Indenture, the Indenture Trustee or the Collateral Agent, on behalf of the Indenture Trustee, will be
entitled to receive, and (subject to Section 7.01 or the applicable provisions of the Asset Pool One Supplement) will be fully protected in relying upon, an Opinion of Counsel stating that the execution of such amendment or Indenture Supplement
is authorized or permitted by this Indenture and that all conditions precedent thereto have been satisfied. The Indenture Trustee or the Collateral Agent, on behalf of the Indenture Trustee, may, but will not (except to the extent required in the
case of an amendment or Indenture Supplement entered into under subsection 9.01(d), 9.01(f) or 9.01(g)) be obligated to, enter into any such amendment or Indenture Supplement which affects the Indenture Trustee’s or the Collateral Agent’s
own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.04 Effect of Amendments and Indenture
Supplements. Upon the execution of any amendment of this Indenture or Indenture Supplement under this Article IX, this Indenture will be modified in accordance therewith with respect to each Series, Class or Tranche of Notes affected thereby, or
all Notes, as the case may be, and such amendment or Indenture Supplement will form a part of this Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder will be bound thereby to the
extent provided therein. 

  
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 Section 9.05 Conformity with Trust Indenture Act. Every amendment of
this Indenture or Indenture Supplement executed pursuant to this Article IX will conform to the requirements of the Trust Indenture Act as then in effect. 

Section 9.06 Reference in Notes to Indenture Supplements. Notes authenticated and delivered after the execution of any amendment
of this Indenture or Indenture Supplement pursuant to this Article IX may, and will if required by the Indenture Trustee, bear a notation in form approved by the Indenture Trustee as to any matter provided for in such amendment or Indenture
Supplement. If the Issuing Entity will so determine, new Notes so modified as to conform, in the opinion of the Indenture Trustee and the Issuing Entity, to any such amendment or Indenture Supplement may be prepared and executed by the Issuing
Entity and authenticated and delivered by the Indenture Trustee in exchange for Outstanding Notes. 
 Section 9.07 Amendments to the
Pooling and Servicing Agreement. By their acceptance of a Note, the Noteholders acknowledge that the Transferor, Chase USA and the Master Trust Trustee may amend the applicable Pooling and Servicing Agreement and any supplement thereto without
the consent of the Holders of any Investor Certificates (including the Issuing Entity) or any Noteholder, so long as such amendment or supplement would not materially adversely affect the interest of the Holders of any Investor Certificates. 

For purposes of any vote or consent under a Pooling and Servicing Agreement or any supplement thereto, with respect to certain actions
requiring the consent or direction of Investor Certificateholders holding a specified percentage of the aggregate unpaid amount outstanding of Investor Certificates (whether by number of Series or percentage of all outstanding Investor Certificates
depending on the manner of voting or consenting on such matter), including consenting to certain amendments and terminating the related Master Trust, the Issuing Entity, as holder of the Collateral Certificate, shall be deemed to be an Investor
Certificateholder under such Pooling and Servicing Agreement, and will be deemed to have voted in accordance with the Investor Certificateholders holding a majority of the aggregate Invested Amount outstanding of such Investor Certificates which are
entitled to vote or consent on such matter; provided, however, that in the event Investor Certificateholders holding equal portions of the Invested Amount outstanding of such Investor Certificates vote in the positive and in the
negative, without taking into consideration the vote of the Issuing Entity, as holder of such Collateral Certificate, the Issuing Entity shall be deemed to vote in the negative; provided further, that if the Collateral Certificate is
the sole Investor Certificate outstanding entitled to vote or consent on such matter, the Issuing Entity, as holder thereof, will be deemed to have voted in the negative. 

  
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 Section 9.08 Amendments to the Trust Agreement. 

(a) Subject to the provisions of the Trust Agreement, without the consent of the Holders of any Notes or the Indenture Trustee, the Owner
Trustee (at the written direction of the Beneficiary) and the Beneficiary may amend the Trust Agreement so long as such amendment will not have an Adverse Effect and is not reasonably expected to have an Adverse Effect at any time in the future.

 (b) Subject to the provisions of the Trust Agreement, (A) in the case of a significant change in the permitted activities of the
Issuing Entity which is not materially adverse to the Holders of the Notes, with the consent of the Majority Holders of each Class or Tranche of Notes affected by such change, and (B) in all other cases, with the consent of the Holders of more
than 66 2⁄3% in Outstanding Dollar Principal Amount of the Outstanding Notes affected by such amendment, by action of said Holders delivered to Chase Card
Funding and the Owner Trustee (at the written direction of the Beneficiary), the Beneficiary may amend the Trust Agreement for the purpose of adding, changing or eliminating any provisions of the Trust Agreement or of modifying the rights of those
Noteholders. 
 [END OF ARTICLE IX] 

  
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 ARTICLE X 

REPRESENTATIONS, WARRANTIES AND COVENANTS OF ISSUING ENTITY 

Section 10.01 Payment of Principal and Interest. With respect to each Series, Class or Tranche of Notes, the Issuing Entity will
duly and punctually pay the principal of and interest on such Notes in accordance with their terms and this Indenture, and will duly comply with all the other terms, agreements and conditions contained in, or made in this Indenture for the benefit
of, the Notes of such Series, Class or Tranche. 
 Section 10.02 Maintenance of Office or Agency. The Issuing Entity will
maintain an office or agency in each Place of Payment where Notes may be presented or surrendered for payment, where Notes may be surrendered for transfer or exchange and where notices and demands to or upon the Issuing Entity in respect of the
Notes and this Indenture may be served. The Issuing Entity will give prompt written notice to the Indenture Trustee of the location, and of any change in the location, of such office or agency. If at any time the Issuing Entity will fail to maintain
such office or agency or will fail to furnish the Indenture Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Indenture Trustee, and the Issuing Entity
hereby appoints the Indenture Trustee its agent to receive all such presentations, surrenders, notices and demands. 
 The Issuing Entity
may also from time to time designate one or more other offices or agencies where the Notes of one or more Series, Classes or Tranches may be presented or surrendered for any or all of such purposes specified above and may constitute and appoint one
or more Paying Agents for the payments of such Notes, in one or more other cities, and may from time to time rescind such designations and appointments; provided, however, that no such designation, appointment or rescission shall in
any matter relieve the Issuing Entity of its obligations to maintain an office or agency in each Place of Payment for Notes of any Series, Class or Tranche for such purposes. The Issuing Entity will give prompt written notice to the Indenture
Trustee of any such designation or rescission and of any change in the location of any such other office or agency. Unless and until the Issuing Entity rescinds one or more of such appointments, the Issuing Entity hereby appoints the Indenture
Trustee, at its principal office, as its Paying Agent in Minneapolis, Minnesota with respect to all Series, Classes and Tranches of Notes having a Place of Payment in the City of Minneapolis, Minnesota. 

Section 10.03 Money for Note Payments to be Held in Trust. The Paying Agent, on behalf of the Indenture Trustee, will make
distributions to Noteholders from the Collection Account of Asset Pool One or other applicable Bank Account pursuant to the provisions of the Asset Pool One Supplement or any Indenture Supplement and will report the amounts of such distributions to
the Indenture Trustee. Any Paying Agent will have the revocable power to withdraw funds from the Collection Account of Asset Pool One or other applicable Bank Account for the purpose of making the distributions referred to above. The Indenture
Trustee may revoke such power and remove the Paying Agent if the Indenture Trustee determines in its sole discretion that the Paying Agent has failed to perform its obligations under this Indenture or any Indenture Supplement in any material
respect. The Paying Agent upon removal will return all funds in its possession to the Indenture Trustee. 

  
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 The Issuing Entity will cause each Paying Agent (other than the Indenture Trustee) for any
Series, Class or Tranche of Notes to execute and deliver to the Indenture Trustee an instrument in which such Paying Agent will agree with the Indenture Trustee (and if the Indenture Trustee acts as Paying Agent, it so agrees), subject to the
provisions of this Section, that such Paying Agent will: 
 (a) hold all sums held by it for the payment of principal of or interest on
Notes of such Series, Class or Tranche in trust for the benefit of the Persons entitled thereto until such sums will be paid to such Persons or otherwise disposed of as herein provided; 

(b) if such Paying Agent is not the Indenture Trustee, give the Indenture Trustee notice of any default by the Issuing Entity (or any other
obligor upon the Notes of such Series, Class or Tranche) in the making of any such payment of principal or interest on the Notes of such Series, Class or Tranche; 

(c) if such Paying Agent is not the Indenture Trustee, at any time during the continuance of any such default, upon the written request of the
Indenture Trustee, forthwith pay to the Indenture Trustee all sums so held in trust by such Paying Agent; 
 (d) immediately resign as a
Paying Agent and, if such Paying Agent is not the Indenture Trustee, forthwith pay to the Indenture Trustee all sums held by it in trust for the payment of Notes if at any time it ceases to meet the standards described in this Section required to be
met by a Paying Agent at the time of its appointment; and 
 (e) comply with all requirements of the Internal Revenue Code or any other
applicable tax law with respect to the withholding from any payments made by it on any Notes of any applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith. 

The Issuing Entity may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture with respect to any Series,
Class or Tranche of Notes or for any other purpose, pay, or by an Officer’s Certificate direct any Paying Agent to pay, to the Indenture Trustee all sums held in trust by the Issuing Entity or such Paying Agent in respect of each and every
Series, Class or Tranche of Notes as to which it seeks to discharge this Indenture or, if for any other purpose, all sums so held in trust by the Issuing Entity in respect of all Notes, such sums to be held by the Indenture Trustee upon the same
trusts as those upon which such sums were held by the Issuing Entity or such Paying Agent; and, upon such payment by any Paying Agent to the Indenture Trustee, such Paying Agent will be released from all further liability with respect to such money.

  
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 Any money deposited with the Indenture Trustee or any Paying Agent, or then held by the Issuing
Entity, in trust for the payment of the principal of or interest on any Note of any Series, Class or Tranche and remaining unclaimed for two years after such principal or interest has become due and payable will be paid to the Issuing Entity upon
request in an Officer’s Certificate, or (if then held by the Issuing Entity) will be discharged from such trust; and the Holder of such Note will thereafter, as an unsecured general creditor, look only to the Issuing Entity for payment thereof,
and all liability of the Indenture Trustee or such Paying Agent with respect to such trust money, and all liability of the Issuing Entity as trustee thereof, will thereupon cease. The Indenture Trustee or such Paying Agent, before being required to
make any such repayment, may at the expense of the Issuing Entity give to the Holders of the Notes as to which the money to be repaid was held in trust, as provided in Section 1.06, a notice that such funds remain unclaimed and that, after a
date specified in the notice, which will not be less than 30 days from the date on which the notice was first mailed or published to the Holders of the Notes as to which the money to be repaid was held in trust, any unclaimed balance of such funds
then remaining will be paid to the Issuing Entity free of the trust formerly impressed upon it. 
 Each Paying Agent will at all times have
a combined capital and surplus of at least $50,000,000 and be subject to supervision or examination by a United States federal or state authority or be regulated by or subject to the supervision or examination of a governmental authority of a nation
that is member of the Organization for Economic Co-operation and Development. If such Paying Agent publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for
the purposes of this Section, the combined capital and surplus of such Paying Agent will be deemed to be its combined capital and surplus as set forth in its most recent report of condition as so published. 

Section 10.04 Statement as to Compliance. The Issuing Entity will deliver to the Indenture Trustee and the Note Rating Agencies,
on or before April 30 of each year, a written statement signed by an Issuing Entity Authorized Officer stating that: 
 (a) a review of
the activities of the Issuing Entity during the prior year and of the Issuing Entity’s performance under this Indenture and under the terms of the Notes has been made under such Issuing Entity Authorized Officer’s supervision; and 

(b) to the best of such Issuing Entity Authorized Officer’s knowledge, based on such review, the Issuing Entity has complied in all
material respects with all conditions and covenants under this Indenture throughout such year, or, if there has been a default in the fulfillment of any such condition or covenant (without regard to any grace period or requirement of notice),
specifying each such default known to such Issuing Entity Authorized Officer and the nature and status thereof. 
 Section 10.05
Legal Existence. The Issuing Entity will do or cause to be done all things necessary to preserve and keep in full force and effect its legal existence. 

  
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 Section 10.06 Further Instruments and Acts. Upon request of the Indenture Trustee,
the Issuing Entity will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 

Section 10.07 Compliance with Laws. The Issuing Entity will comply with the requirements of all applicable laws, the noncompliance
with which would, individually or in the aggregate, materially and adversely affect the ability of the Issuing Entity to perform its obligations under the Notes or this Indenture. 

Section 10.08 Notice of Events of Default. The Issuing Entity agrees to give the Indenture Trustee and the Note Rating Agencies
prompt written notice of each Event of Default hereunder and each breach on the part of the Master Trust, Chase USA or the Transferor of its respective obligations under the Pooling and Servicing Agreement and any default of a Derivative
Counterparty. 
 Section 10.09 Certain Negative Covenants. The Issuing Entity will not: 

(a) claim any credit on, or make any deduction from the principal or interest payable in respect of, the Notes (other than amounts withheld in
good faith from such payments under the Internal Revenue Code or other applicable tax law including foreign withholding); 
 (b) permit the
validity or effectiveness of this Indenture to be impaired, or permit the lien in favor of the Indenture Trustee, the Collateral Agent and the Noteholders created by this Indenture and the Asset Pool Supplement to be amended, hypothecated,
subordinated, terminated or discharged, or permit any Person to be released from any covenants or obligations with respect to the Notes under this Indenture except as may be expressly permitted hereby; 

(c) permit any lien, charge, excise, claim, security interest, mortgage or other encumbrance (other than the lien in favor of the Indenture
Trustee, the Collateral Agent and the Noteholders created by this Indenture) to be created on or extend to or otherwise arise upon or burden the Collateral designated for inclusion in an Asset Pool or any part thereof or any interest therein or the
proceeds thereof; 
 (d) permit the lien in favor of the Indenture Trustee, the Collateral Agent and the Noteholders created by this
Indenture and the Asset Pool Supplement not to constitute a valid first priority security interest in the Collateral designated for inclusion in an Asset Pool; or 

(e) voluntarily dissolve or liquidate. 

Section 10.10 No Other Business. The Issuing Entity will not engage in any business other than as permitted under the Trust
Agreement. 

  
 94 

 Section 10.11 Rule 144A Information. For so long as any of the Notes of any Series,
Class or Tranche are “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Exchange Act, the Issuing Entity agrees to provide to any Noteholder of such Series, Class or Tranche and to any prospective purchaser
of Notes designated by such Noteholder, upon the request of such Noteholder or prospective purchaser, any information required to be provided to such Holder or prospective purchaser to satisfy the conditions set forth in Rule 144A(d)(4) under the
Securities Exchange Act. 
 Section 10.12 Performance of Obligations; Servicing of Receivables. 

(a) The Issuing Entity will not take any action and will use its best efforts not to permit any action to be taken by others that would
release any Person from any of such Person’s material covenants or obligations under any instrument or agreement included in the Collateral or that would result in the amendment, hypothecation, subordination, termination or discharge of, or
impair the validity or effectiveness of, any such instrument or agreement, except as expressly provided in this Indenture, the Trust Agreement, the Transfer and Servicing Agreement, the applicable Pooling and Servicing Agreement or such other
instrument or agreement. 
 (b) The Issuing Entity will punctually perform and observe all of its obligations and agreements contained in
this Indenture, any Indenture Supplement, the Trust Agreement and in the instruments and agreements (including but not limited to, the applicable Pooling and Servicing Agreement) relating to the Collateral designated for inclusion in each Asset
Pool, including but not limited to filing or causing to be filed all UCC financing statements and continuation statements required to be filed by the terms of this Indenture and the Trust Agreement in accordance with and within the time periods
provided for herein and therein. Except as otherwise expressly provided herein or therein, the Issuing Entity shall not waive, amend, modify, supplement or terminate this Indenture, any Indenture Supplement or the Trust Agreement or any provision
thereof without the consent of the Majority Holders of the Notes of each adversely affected Series, Class or Tranche of Notes. 
 Section
10.13 Issuing Entity May Consolidate, Etc., Only on Certain Terms. 
 (a) The Issuing Entity shall not consolidate or merge with or
into any other Person, unless: 
 (i) the Person (if other than the Issuing Entity) formed by or surviving such
consolidation or merger (A) shall be a Person organized and existing under the laws of the United States of America or any state thereof or the District of Columbia, (B) shall not be subject to regulation as an “investment
company” under the Investment Company Act and (C) shall expressly assume, by an Indenture Supplement, executed and delivered to the Indenture Trustee, in a form satisfactory to the Indenture Trustee, the due and punctual payment of the
principal of and interest on all Notes and the performance of every covenant of this Indenture on the part of the Issuing Entity to be performed or observed; 

  
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 (ii) immediately after giving effect to such transaction, no Event of Default or
Early Amortization Event shall have occurred and be continuing; 
 (iii) the Issuing Entity shall have delivered to the
Indenture Trustee an Officer’s Certificate and an Opinion of Counsel each stating that (A) such consolidation or merger and such Indenture Supplement comply with this Section 10.13, (B) all conditions precedent in this
Section 10.13 relating to such transaction have been complied with (including any filing required by the Securities Exchange Act), and (C) such Indenture Supplement is duly authorized, executed and delivered and is valid, binding and
enforceable against such Person; 
 (iv) the Issuing Entity shall have received written confirmation from each Note Rating
Agency that there will be no Ratings Effect with respect to any Outstanding Notes as a result of such consolidation or merger; 

(v) the Issuing Entity shall have received (and shall have delivered copies thereof to the Indenture Trustee) an Issuing
Entity Tax Opinion and a Master Trust Tax Opinion, if applicable; 
 (vi) any action that is necessary to maintain the lien
and security interest created by this Indenture shall have been taken; and 
 (vii) such action shall not be contrary to the
status of the Issuing Entity as a qualified special purpose entity under SFAS 140. 
 (b) The Issuing Entity shall not convey or transfer
any of its properties or assets, including those included in the Collateral, substantially as an entirety to any Person, unless: 

(i) the Person that acquires by conveyance or transfer the properties and assets of the Issuing Entity the conveyance or
transfer of which is hereby restricted shall (A) be a United States citizen or a Person organized and existing under the laws of the United States of America or any state thereof, or the District of Columbia, (B) expressly assume, by an
Indenture Supplement, executed and delivered to the Indenture Trustee, in form satisfactory to the Indenture Trustee, the due and punctual payment of the principal of and interest on all Notes and the performance or observance of every agreement and
covenant of this Indenture on the part of the Issuing Entity to be performed or observed, all as provided herein, (C) expressly agree by means of such Indenture Supplement that all right, title and interest so conveyed or transferred shall be
subject and subordinate to the rights of Holders of the Notes, (D) expressly agree by means of such Indenture Supplement that such Person (or if a group of Persons, then one specified Person) shall make all filings with the Commission (and any
other appropriate Person) required by the Securities Exchange Act in connection with the Notes and (E) not be an “investment company” as defined in the Investment Company Act; 

  
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 (ii) immediately after giving effect to such transaction, no Event of Default or
Early Amortization Event shall have occurred and be continuing; 
 (iii) the Issuing Entity shall have received written
confirmation from each Note Rating Agency that there will be no Ratings Effect with respect to any Outstanding Notes as a result of such conveyance or transfer; 

(iv) the Issuing Entity shall have received (and shall have delivered copies thereof to the Indenture Trustee) an Issuing
Entity Tax Opinion and a Master Trust Tax Opinion, if applicable; 
 (v) any action that is necessary to maintain the lien
and security interest created by this Indenture shall have been taken; and 
 (vi) the Issuing Entity shall have delivered
to the Indenture Trustee an Officer’s Certificate and an Opinion of Counsel each stating that such conveyance or transfer and such Indenture Supplement comply with this Section 10.13 and that all conditions precedent herein provided for
relating to such transaction have been complied with (including any filing required by the Securities Exchange Act). 
 Section 10.14
Successor Substituted. Upon any consolidation or merger, or any conveyance or transfer of the properties and assets of the Issuing Entity substantially as an entirety in accordance with Section 10.13 hereof, the Person formed by or
surviving such consolidation or merger (if other than the Issuing Entity) or the Person to which such conveyance or transfer is made shall succeed to, and be substituted for, and may exercise every right and power of, the Issuing Entity under this
Indenture with the same effect as if such Person had been named as the Issuing Entity herein. In the event of any such conveyance or transfer, the Person named as the Issuing Entity in the first paragraph of this Indenture or any successor which
shall theretofore have become such in the manner prescribed in this Section 10.14 shall be released from its obligations under this Indenture as issued immediately upon the effectiveness of such conveyance or transfer, provided that the
Issuing Entity shall not be released from any obligations or liabilities to the Indenture Trustee or the Noteholders arising prior to such effectiveness. 

Section 10.15 Guarantees, Loans, Advances and Other Liabilities. Except as contemplated by this Indenture or the Trust Agreement,
the Issuing Entity shall not make any loan or advance or credit to, or guarantee (directly or indirectly or by an instrument having the effect of assuring another’s payment or performance on any obligation or capability of so doing or
otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets
or securities of, or any other interest in, or make any capital contribution to, any other Person. 

  
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 Section 10.16 Capital Expenditures. The Issuing Entity shall not make any expenditure
(by long-term or operating lease or otherwise) for capital assets (either realty or personalty). 
 Section 10.17 Restricted
Payments. The Issuing Entity shall not, directly or indirectly, (i) pay any dividend or make any distribution (by reduction of capital or otherwise), whether in cash, property, securities or a combination thereof, to the Owner Trustee or
any owner of a beneficial interest in the Issuing Entity or otherwise with respect to any ownership or equity interest or security in or of the Issuing Entity or to the Servicer, (ii) redeem, purchase, retire or otherwise acquire for value any
such ownership or equity interest or security or (iii) set aside or otherwise segregate any amounts for any such purpose; provided, however, that the Issuing Entity may make, or cause to be made, (x) distributions as
contemplated by, and to the extent funds are available for such purpose under, the Trust Agreement and (y) payments to the Indenture Trustee pursuant to Section 7.07 hereof and payments to the Collateral Agent pursuant to the Asset Pool
Supplement. The Issuing Entity will not, directly or indirectly, make payments to or distributions from the Collection Account except in accordance with this Indenture or any Indenture Supplement. 

Section 10.18 No Borrowing. The Issuing Entity will not issue, incur, assume, guarantee or otherwise become liable, directly or
indirectly, for any additional indebtedness, except pursuant to a subordinated note or as otherwise provided in the Issuing Entity’s charter documents. 

[END OF ARTICLE X] 

  
 98 

 ARTICLE XI 

EARLY AMORTIZATION OF NOTES 

Section 11.01 Applicability of Article. Unless otherwise specified in the applicable Indenture Supplement related to a Series,
Class or Tranche of Notes, pursuant to the terms of this Article XI, the Issuing Entity will redeem and pay, provided that funds are available, each affected Series, Class or Tranche of Notes upon the occurrence of any Early Amortization Event.
Unless otherwise specified in the applicable Indenture Supplement relating to a Series, Class or Tranche of Notes, or in the form of Notes for such Series, Class or Tranche, the following are “Early Amortization Events”: 

(a) the occurrence of an Event of Default and acceleration of the Notes of a Series, Class or Tranche pursuant to Article VI hereof; 

(b) with respect to any Series, Class or Tranche of Notes, the occurrence of the Scheduled Principal Payment Date of such Series, Class or
Tranche of Notes; 
 (c) the Issuing Entity becomes an investment company within the meaning of the Investment Company Act; 

(d) Chase USA or the Transferor shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of
debt, marshaling of assets and liabilities or similar proceedings of or relating to all or substantially all of 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, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against Chase USA or the
Transferor; or Chase USA or the Transferor 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; or 
 (e) with respect to any Series, Class or Tranche of Notes,
any additional Early Amortization Event specified in the Indenture Supplement for such Series, Class or Tranche of Notes as applying to such Series, Class or Tranche of Notes. 

The repayment price of a Tranche of Notes so redeemed will equal the Outstanding Dollar Principal Amount of such Tranche, plus accrued but
unpaid interest and any additional interest to but excluding the date of repayment, the payment of which will be subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and Indenture Supplement. 

If the Issuing Entity is unable to pay the repayment price in full on the Principal Payment Date following the end of the Monthly Period in
which the Early Amortization Event occurs, monthly payments on such Tranche of Notes will thereafter 

  
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be made on each following Principal Payment Date until the Outstanding Dollar Principal Amount of such Series, Class or Tranche, plus all accrued, past due and additional interest, is paid in
full or the Legal Maturity Date occurs, whichever is earlier, subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and any Indenture Supplement. Any funds in any Supplemental Bank Account for a repaid Tranche
will be applied to make the principal and interest payments on that Tranche on the repayment date, subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and any Indenture Supplement. 

Section 11.02 Optional Repurchase. Unless otherwise provided in the applicable Indenture Supplement for a Series, Class or Tranche
of Notes, the Servicer has the right, but not the obligation, to redeem a Series, Class or Tranche of Notes in whole but not in part on any Payment Date on or after the Payment Date on which the aggregate Outstanding Dollar Principal Amount (after
giving effect to all payments on such Payment Date) of such Series, Class or Tranche of Notes is reduced to less than 10% of its highest Outstanding Dollar Principal Amount at any time; provided, however, that if such Class or Tranche
of Notes redeemed is of a Subordinated Class or Tranche of Notes, the Servicer will not redeem such Notes if the provisions of the related Indenture Supplement would prevent the payment of such Subordinated Notes until a level of prefunding of the
Principal Funding Accounts for the Senior Classes of Notes for that Series has been reached such that the amount of such deficiency in the required subordination of a Senior Class of Notes is no longer required to provide subordination protection
for the Senior Classes of that Series. 
 If the Servicer elects to redeem a Series, Class or Tranche of Notes, it will cause the Issuing
Entity to notify the Holders of such redemption at least 30 days prior to the redemption date. Unless otherwise specified in the Indenture Supplement or Terms Document applicable to the Notes to be so redeemed, the redemption price of a Series,
Class or Tranche so redeemed will equal 100% of the Outstanding Dollar Principal Amount of such Tranche, plus accrued but unpaid interest and any additional interest on such Tranche to but excluding the date of redemption, the payment of which will
be subject to the allocations, deposits and payments sections of the Asset Pool One Supplement and such Indenture Supplement. 
 If the
Issuing Entity is unable to pay the redemption price in full on the redemption date, monthly payments on such Series, Class or Tranche of Notes will thereafter be made until either the Outstanding Dollar Principal Amount of such Series, Class or
Tranche, plus all accrued, unpaid and additional interest, is paid in full or the Legal Maturity Date occurs, whichever is earlier, subject to Article V, Article VI and the allocations, deposits and payments sections of the related Indenture
Supplement. Any funds in any Supplemental Bank Account for a redeemed Tranche will be applied to make the principal and interest payments on that Tranche on the redemption date in accordance with the related Indenture Supplement. Principal payments
on redeemed Tranches will be made in accordance with the related Indenture Supplement. 

  
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 Section 11.03 Notice. Promptly after the occurrence of any Early Amortization Event
or a redemption pursuant to Section 11.02, the Issuing Entity will notify the Indenture Trustee and the Note Rating Agencies in writing of the identity, Stated Principal Amount and Outstanding Dollar Principal Amount of the affected Series,
Class or Tranche of Notes to be redeemed. Notice of redemption will promptly be given as provided in Section 1.06. All notices of redemption will state (a) the date on which the redemption of the applicable Series, Class or Tranche of
Notes pursuant to this Article XI will begin, which will be the Principal Payment Date next following the end of the Monthly Period in which the applicable Early Amortization Event or redemption pursuant to Section 11.02 occurs, (b) the
repayment price for such Series, Class or Tranche of Notes and (c) the Series, Class or Tranche of Notes to be redeemed pursuant to this Article XI. 

[END OF ARTICLE XI] 

  
 101 

 ARTICLE XII 

MISCELLANEOUS 

Section 12.01 No Petition. The Indenture Trustee, by entering into this Indenture, each Derivative Counterparty, by accepting its
rights as a third-party beneficiary hereunder, each Supplemental Credit Enhancement Provider or Supplemental Liquidity Provider, as applicable, by accepting its rights as a third-party beneficiary hereunder, and each Noteholder, by accepting a Note,
agrees, to the fullest extent permitted by applicable law, that it will not at any time institute against any Master Trust, Chase Card Funding or the Issuing Entity, or join in any institution against any Master Trust, Chase Card Funding or the
Issuing Entity of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States federal or state bankruptcy or similar law in connection with any obligations relating to the Notes,
this Indenture, any Derivative Agreement, any Supplemental Credit Enhancement Agreement and any Supplemental Liquidity Agreement. 

Section 12.02 Trust Obligations. No recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing
Entity on the Notes or under this Indenture or any certificate or other writing delivered in connection herewith or therewith, against (i) the Owner Trustee in its individual capacity, (ii) Chase USA, (iii) any owner of a beneficial
interest in the Issuing Entity or (iv) any partner, owner, beneficiary, agent, officer, director, employee or agent of the Owner Trustee in its individual capacity, Chase USA, any holder of a beneficial interest in the Issuing Entity or the
Owner Trustee or of any successor or assign of the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed (it being understood that the Owner Trustee has no such obligations in its individual capacity). 

Section 12.03 Limitations on Liability. 

(a) It is expressly understood and agreed by the parties hereto that (i) this Indenture is executed and delivered by Chase Card Funding
not individually or personally but solely as Beneficiary, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuing Entity is
made and intended not as a personal representation, undertaking or agreement by Chase Card Funding but is made and intended for the purpose of binding only the Issuing Entity, (iii) nothing herein contained will be construed as creating any
liability on Chase Card Funding individually or personally, to perform any covenant of the Issuing Entity either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties to this Indenture and by any
Person claiming by, through or under them and (iv) under no circumstances will Chase USA or Chase Card Funding be personally liable for the payment of any indebtedness or expenses of the Issuing Entity or be liable for the breach or failure of
any obligation, representation, warranty or covenant made or undertaken by the Issuing Entity under this Indenture or any related documents. 

  
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 (b) None of the Indenture Trustee, the Owner Trustee, Chase USA, Chase Card Funding or any other
beneficiary of the Issuing Entity or any of their respective officers, directors, employers or agents will have any liability with respect to this Indenture, and recourse of any Noteholder may be had solely to the Collateral designated for inclusion
in Asset Pool One and pledged to secure the applicable Notes. 
 (c) It is expressly understood and agreed by the parties hereto that (a)
this Indenture is executed and delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Issuing Entity, in the exercise of the powers and authority conferred and vested in it, (b)
each of the representations, undertakings and agreements herein made on the part of the Issuing Entity is made and intended not as personal representations, undertakings and agreements by WTC but is made and intended for the purpose of binding only
the Issuing Entity, (c) nothing herein contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained herein of the Issuing Entity, all such liability, if any,
being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness of any representations and warranties made by the
Issuing Entity in this Indenture and (e) under no circumstances shall WTC be personally liable for the payment of any indebtedness or expenses of the Issuing Entity or be liable for the breach or failure of any obligation, representation, warranty
or covenant made or undertaken by the Issuing Entity under this Indenture or any other related documents. 
 Section 12.04 Tax
Treatment. The Issuing Entity and the Noteholders agree that the Notes are intended to be debt for federal, state and local income and franchise tax purposes and agree to treat the Notes accordingly for all such purposes, unless otherwise
required by a taxing authority. 
 Section 12.05 Actions Taken by the Issuing Entity. Any and all actions that are to be taken
by the Issuing Entity may be taken by the Beneficiary, the Administrator or the Owner Trustee on behalf of the Issuing Entity. 

Section 12.06 Alternate Payment Provisions. Notwithstanding any provision of this Indenture or any of the Notes to the contrary,
the Issuing Entity, with the written consent of the Indenture Trustee, may enter into any agreement with any Holder of a Note providing for a method of payment or notice that is different from the methods provided for in this Indenture for such
payments or notices. The Issuing Entity will furnish to the Indenture Trustee a copy of each such agreement and the Indenture Trustee will cause payments or notices, as applicable, to be made in accordance with such agreements. 

Section 12.07 Termination of Issuing Entity. The Issuing Entity and the respective obligations and responsibilities of the
Indenture Trustee created hereby (other than the obligation of the Indenture Trustee to make payments to Noteholders as hereinafter set forth) shall terminate, except with respect to the duties described in subsection 12.08(b), as provided in the
Trust Agreement. 
 Section 12.08 Final Distribution. 

(a) The Servicer shall give the Indenture Trustee written notice of the Payment Date on which the Noteholders of any Series, Class or Tranche
may surrender their Notes for payment of the final distribution on and cancellation of such Notes at least 2 Business Days prior to the fifth day of the month in which the final distribution is to occur with respect to such Notes. Not later than the
fifth day of the month in which the final distribution in respect of such Series, Class or Tranche of Notes is payable to Noteholders, the Indenture Trustee shall provide notice to Noteholders of such Series, Class or Tranche specifying (i) the
date upon which final payment of such Series, Class or Tranche of Notes will be made upon presentation and surrender of Notes of such Series, Class or Tranche 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 Notes at the office or offices therein specified (which, in the case of Bearer
Notes, shall be outside the United States). The Indenture Trustee shall give such notice to the Note Registrar and the Paying Agent at the time such notice is given to Noteholders. 

  
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 (b) Notwithstanding a final distribution to the Holders of any Series, Class or Tranche of Notes
(or the termination of the Issuing Entity), except as otherwise provided in this clause, all funds then on deposit in any Bank Account allocated to such Noteholders shall continue to be held in trust for the benefit of such Noteholders, and the
Paying Agent or the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes, if certificated. In the event that all such Noteholders shall not surrender their Notes for cancellation within 6 months after the date
specified in the notice from the Indenture Trustee described in paragraph (a), the Indenture Trustee shall give a second notice to the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with
respect thereto (which surrender and payment, in the case of Bearer Notes, shall be outside the United States). If within one year after the second notice all such Notes shall not have been surrendered for cancellation, the Indenture Trustee may
take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes, and the cost thereof shall be paid out of the funds in the Collection Account or any
Supplemental Bank Account held for the benefit of such Noteholders. The Indenture Trustee and the Paying Agent shall pay to the Issuing Entity any monies held by them for the payment of principal or interest that remains unclaimed for 2 years. After
payment to the Issuing Entity, Noteholders entitled to the money must look to the Issuing Entity for payment as unsecured general creditors unless an applicable abandoned property law designates another Person. 

Section 12.09 Termination Distributions. Upon the termination of the Issuing Entity pursuant to the terms of the Trust Agreement,
the Indenture Trustee shall release, assign and convey to the Beneficiary or any of its designees, without recourse, representation or warranty, all of its right, title and interest in the Collateral designated for inclusion in an Asset Pool,
whether then existing or thereafter created, all monies due or to become due and all amounts received or receivable with respect thereto (including all moneys then held in any Bank Account) and all proceeds thereof, except for amounts held by the
Indenture Trustee pursuant to subsection 12.08(b). The Indenture Trustee shall execute and deliver such instruments of transfer and assignment as shall be provided to it, in each case without recourse, as shall be reasonably requested by the
Beneficiary to vest in the Beneficiary or any of its designees all right, title and interest which the Indenture Trustee had in the Collateral and such other property designated for inclusion in an Asset Pool. 

Section 12.10 Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider as Third-Party
Beneficiary. Each Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider is a third-party beneficiary of this Indenture to the extent specified in the applicable Derivative Agreement, Supplemental
Credit Enhancement Agreement, Supplemental Liquidity Agreement or Indenture Supplement. 

  
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 Section 12.11 Notices. All demands, notices, instructions, directions and
communications under this Indenture 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 or electronic mail: 

(a) in the case of the Issuing Entity, to: 

Chase Issuance Trust 
 c/o
Wilmington Trust Company 
 1100 North Market Street 

Wilmington, Delaware 19890-1600 

Attention: Corporate Trust Administration 

Fax: (302) 636-4140 
 with
a copy to: 
 Chase Card Funding LLC 

201 North Walnut Street 

Wilmington, Delaware 19801 

Attention: Patricia Garvey 

Fax: (302) 282-7634 

Email: patricia.m.garvey@chase.com 

with a copy to: 
 Chase Bank
USA, National Association 
 201 North Walnut Street 

Wilmington, Delaware 19801 

Attention: Todd S. Lehner 
 Fax:
(302) 282-7634 
 Email: todd.s.lehner@jpmorgan.com 

with a copy to: 
 JPMorgan
Chase & Co. 
 270 Park Avenue, 10th Floor 

New York, New York 10017 

Attention: Brent Barton 
 Fax:
(212) 834-6519 
 Email: brent.barton@jpmchase.com 

  
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 (b) in the case of the Indenture Trustee, to: 

Wells Fargo Bank, National Association 

Sixth Street and Marquette Avenue 

MAC: N9311-161 
 Minneapolis,
Minnesota 55479 
 Attention: Corporate Trust Services - Asset Backed 

Administration 
 Fax:
(612) 667-3464 
 (c) in the case of each party, at such other address, attention party, facsimile number or email address as shall be
designated by such party in a written notice to each other party. 
 Section 12.12 No Asset Pool Other Than Asset Pool One.
Notwithstanding anything to the contrary herein or in any other Transaction Document (as such term is defined in the Transfer and Servicing Agreement), there shall be no Asset Pool other than Asset Pool One designated or established pursuant to any
of the Transaction Documents. 
 [END OF ARTICLE XII] 

  
 106 

 ARTICLE XIII 

COMPLIANCE WITH REGULATION AB 

Section 13.01 Intent of Parties; Reasonableness. The Issuing Entity and the Indenture Trustee acknowledge and agree that the
purpose of this Article XIII is to facilitate compliance with the provisions of Regulation AB and related rules and regulations of the Commission. The Transferor and Chase USA shall not exercise its right to request delivery of information or other
performance under these provisions other than in good faith, or for purposes other than compliance with the Securities Act, the Securities Exchange Act and the rules and regulations of the Commission thereunder (or the provision in a private
offering of disclosure comparable to that required under the Securities Act). The Indenture Trustee agrees to cooperate in good faith with any reasonable request by the Transferor and Chase USA for information regarding the Indenture Trustee which
is required in order to enable the Transferor and Chase USA to comply with the provisions of Regulation AB, including, without limitation, Items 1103(a)(1), 1109(a), 1109(b), 1117, 1118, 1119 and 1122 of Regulation AB as it relates to the Indenture
Trustee or to the Indenture Trustee’s obligations under this Indenture or any other Transaction Document. 
 Section 13.02
Additional Representations and Warranties of the Indenture Trustee. The Indenture Trustee shall be deemed to represent to the Transferor and Chase USA, as of the date on which information is provided to the Transferor and Chase USA under
Section 13.03 that, except as disclosed in writing to the Transferor and Chase USA prior to such date to the best of its knowledge: (i) neither the execution, delivery and performance by the Indenture Trustee of this Indenture or any other
Transaction Document, the performance by the Indenture Trustee of its obligations under this Indenture or any other Transaction Document nor the consummation of any of the transactions by the Indenture Trustee contemplated thereby, is in violation
of any indenture, mortgage, bank credit agreement, note or bond purchase agreement, long-term lease, license or other agreement or instrument to which the Indenture Trustee is a party or by which it is bound, which violation would have a material
adverse effect on the Indenture Trustee’s ability to perform its obligations under this Indenture or any other Transaction Document, or of any judgment or order applicable to the Indenture Trustee; and (ii) there are no proceedings pending
or threatened against the Indenture Trustee in any court or before any governmental authority, agency or arbitration board or tribunal which, individually or in the aggregate, would have a material adverse effect on the right, power and authority of
the Indenture Trustee to enter into this Indenture or any other Transaction Document or to perform its obligations under this Indenture or any other Transaction Document. 

Section 13.03 Information to be Provided by the Indenture Trustee. The Indenture Trustee shall provide such information regarding
the Indenture Trustee as is required for the purpose of compliance with Items 1103(a)(1), 1109(a), 1109(b), 1117, 1118, 1119 and 1122 of Regulation AB (or for any private offering utilizing an offering document disclosure comparable to that required
under the Securities Act) no later than three Business Days before each Most Recent Quarterly Filing Date in the form attached hereto as Exhibit E, or such other form as may mutually be agreed upon, and as promptly as practicable following
notice to or discovery by the Indenture Trustee of any changes to such information. 

  
 107 

 The Indenture Trustee shall provide to the Transferor and Chase USA, in writing, any updates to
the information regarding the Indenture Trustee as is required for the purpose of compliance with Items 1109(a), 1109(b), 1117, 1118, 1119 and 1122 of Regulation AB, no later than three Business Days before each Most Recent Quarterly Filing Date and
as promptly as practicable following notice to or discovery by the Indenture Trustee of any changes to such information. 
 The Indenture
Trustee’s obligations to provide disclosure required by Item 1119 of Regulation AB pursuant to this Section 13.03 shall be deemed satisfied if the Indenture Trustee provides a description of any affiliation or material relationship
between (a) the Indenture Trustee, on the one hand, and (b) those parties to the Securitization Transaction as are identified by the Transferor and Chase USA in writing, on the other. 

Section 13.04 Report on Assessment of Compliance and Attestation; Annual Certification; Notice of Repurchase Requests. 

(a) On or before March 1 of each calendar year, commencing in 2007, the Indenture Trustee shall: 

(i) deliver to the Transferor and Chase USA a report regarding the Indenture Trustee’s assessment of compliance with the
Servicing Criteria during the immediately preceding calendar year, as required under Rules 13a-18 and 15d-18 of the Securities Exchange Act and Item 1122 of Regulation AB. Such report shall be addressed to the Transferor and Chase USA and
signed by an authorized officer of the Indenture Trustee, and shall address each of the Servicing Criteria specified in Exhibit D, as may be amended from time to time by the parties hereto; provided, that the requirement of
Section 9.01 that each Note Rating Agency confirms in writing that an amendment will not cause a Ratings Effect shall not apply to such an amendment of Exhibit D; 

(ii) deliver to the Transferor and Chase USA a report of a registered public accounting firm reasonably acceptable to the
Transferor and Chase USA that attests to, and reports on, the assessment of compliance made by the Indenture Trustee and delivered pursuant to the preceding paragraph. Such attestation shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of
Regulation S-X under the Securities Act and the Securities Exchange Act; and 
 (iii) deliver to the Transferor, Chase USA
and any other Person that will be responsible for signing the Sarbanes Certification on behalf of the Issuing Entity or the Transferor with respect to a Securitization Transaction a certification in the form attached hereto as Exhibit C, or
such other form as may mutually be agreed upon. 

  
 108 

 (b) The Indenture Trustee acknowledges that the parties identified in clause (iii) above
may rely on the certification provided by the Indenture Trustee pursuant to such clause in signing a Sarbanes Certification and filing such with the Commission. 

(c) Within thirty (30) days of receipt, Chase USA shall provide a copy of all reports prepared and delivered pursuant to this
Section 13.04 to each Note Rating Agency. 
 (d) Upon receipt of any Repurchase Request, the Indenture Trustee shall provide prompt
written notice thereof to the Transferor and Chase USA. 
 (e) Not later than the (5th) Business Day of each month (or, if such day is not a
Business Day, the immediately following Business Day) in which the Notes are subject to continuing obligations for filing of reports on Form 10-D, the Indenture Trustee shall provide to the Transferor and Chase USA a certificate in substantially the
form of Exhibit F with respect to any Repurchase Requests received by the Indenture Trustee during the immediately preceding calendar month requesting that any receivable be repurchased. 

Section 13.05 Asset Representations Review. 

(a) For public offerings of Notes that are issued pursuant to Commission Form SF-3, Chase USA, as Sponsor, shall select and appoint an asset
representations reviewer (the “Reviewer”) that shall not be (i) affiliated with Chase USA, the Transferor, the Servicer, the Owner Trustee or the Indenture Trustee or any of their affiliates or (ii) any party or an
affiliate of any party hired by Chase USA or the underwriter of any Series, Class or Tranche of Notes to perform any pre-closing due diligence review of the Receivables for any Series, Class or Tranche of Notes. 

(b) The Reviewer shall perform a review (an “Asset Representations Review”) of each Receivable of which any amount was 60 or
more days past due as reported in the most recent Form 10-D, which is designed to determine instances of non-compliance with asset related representations and warranties in accordance with the terms and provisions of the Asset Representations Review
Agreement if: 
 (i) A Delinquency Trigger Breach shall have occurred; and 

(ii) The Certified Note Owners vote to direct a review, pursuant to the processes specified in subsection 8.04(b) or
subsection 8.04(d)(ii). 
 If clause (i) and (ii) above are satisfied, the Indenture Trustee shall deliver a notice to the
Reviewer (a “Review Notice”), substantially in the form attached hereto as Exhibit G or such other form as the Indenture Trustee may determine, stating that the conditions for an Asset Representations Review have been
satisfied and that the Reviewer should commence with the Asset Representations Review. The Reviewer shall provide a report to the Indenture Trustee, the Issuing Entity, the Transferor, the Sponsor and the Servicer in accordance with Section 3.5
of the Asset Representations Review Agreement, and a summary of that report, prepared by the Reviewer, shall be included in the Form 10-D filed with respect to the reporting period in which the report was received. 

  
 109 

 (c) The Reviewer will not resign as Reviewer unless it (i) determines it is not eligible to
be the Reviewer under Section 13.05(a) or (ii) is legally unable to act or perform its obligations under the Asset Representations Review Agreement and there is no reasonable action that it could take to make the performance of its
obligations under the Asset Representations Review Agreement permitted under applicable law. No resignation or removal of the Reviewer will be effective, and the Reviewer will continue to perform its obligations under the Asset Representations
Review Agreement, until a successor Reviewer has accepted its engagement in accordance with the Asset Representations Review Agreement. 

Section 13.06 Dispute Resolution. 

(a) If, in accordance with Section 2.05 or Section 2.06 of the Transfer and Servicing Agreement, a request is made to the Transferor to
repurchase or accept reassignment of a Receivable (a “Repurchase Request”) and such Repurchase Request has not been resolved within 150 days following the receipt of such request by the Transferor, then the Indenture Trustee or
other transaction participant who submitted such Repurchase Request (the “Requesting Party”) shall have the right to refer the matter within thirty (30) days to either mediation (or non-binding arbitration) or arbitration, and
the Transferor (the “Responding Party”) shall agree to the selected resolution method. 
 (b) If mediation is selected, the
Requesting Party may refer an unresolved Repurchase Request to non-binding mediation (or non-binding arbitration) with the Responding Party administered by a nationally recognized arbitration or mediation organization (an
“Organization”) selected by the Transferor, in accordance with its commercial mediation rules then in effect (the “Mediation Rules”), by filing a request for mediation (or non-binding arbitration) with the
Organization in accordance with the Mediation Rules. The Requesting Party and the Responding Party shall jointly appoint the mediator within thirty (30) days from the date of the request for mediation (or non-binding arbitration). In the event
the mediator is not timely appointed, he or she shall be appointed by the Organization. The mediation (or non-binding arbitration) shall be conducted in New York, New York. Any dispute not resolved in writing prior to the termination of the
mediation (or non-binding arbitration) may be resolved in litigation as set forth in subsection 13.06(d). The parties shall mutually determine the allocation of any expenses of the mediation (or non-binding arbitration), provided that, if they
cannot reach a mutual determination, the expenses of the mediation (or non-binding arbitration) shall be borne equally by the parties. The parties agree that the mediation (or non-binding arbitration), and all information disclosed therein, shall be
confidential information exchanged for the purposes of settlement, and that the information and communications exchanged in the mediation (or non-binding arbitration) shall be privileged and shall not be used or disclosed in any legal or arbitral
proceeding, except as otherwise required by applicable law. 
 (c) If the Requesting Party selects to refer an unresolved Repurchase Request
to arbitration, the Repurchase Request shall be resolved by final and binding arbitration administered by the Organization in accordance with its commercial arbitration rules then in effect (the “Arbitration Rules”), except as
modified herein. The 

  
 110 

 
arbitral tribunal shall not have jurisdiction to consider any class action or class claim, or any claim other than the resolution of the Repurchase Request, except that the arbitral tribunal
shall determine the allocation of any expenses of the arbitration, including attorney’s fees, costs and related expenses, to such extent and to such parties as it sees fit. The seat of arbitration shall be New York, New York. There shall be
three arbitrators, of whom the Requesting Party shall appoint one in the demand for arbitration and the Responding Party shall appoint another in the answer. The two party-appointed arbitrators shall appoint the third arbitrator, who shall serve as
the chairperson of the arbitral tribunal, within thirty (30) days of the date of appointment of the second arbitrator. Any arbitrator not timely appointed as provided herein shall be appointed by the Organization. Any arbitrator appointed by
the Organization shall be a lawyer with at least 15 years of experience relating to securitizations or other complex commercial transactions and shall not have any actual or potential conflict of interest in deciding or hearing the dispute. The
arbitrator shall have no authority to amend or modify the terms of this Indenture or the other Transaction Documents. In any arbitration, there shall be limited document discovery of specifically identified documents directly relevant and material
to the matter in dispute, except as ordered by the arbitral tribunal upon good cause shown. There shall be no depositions. The parties consent that any arbitration pending hereunder may be consolidated with any other arbitration between them
concerning another Repurchase Request for the purposes of efficiency and to avoid the possibility of inconsistent awards. An application for such consolidation may be made by the Requesting Party or the Responding Party to the arbitral tribunal for
the earliest arbitration to be consolidated. Such arbitral tribunal shall, after providing all interested parties the opportunity to comment on such application, order that any such pending or contemplated arbitration be consolidated into a prior
arbitration if it determines that the Repurchase Requests involve substantially identical assets or common questions of law or fact. The award of the arbitral tribunal in a binding arbitration shall be final and binding on the parties thereto, and
may be enforced in any court of competent jurisdiction. Any arbitration hereunder shall be confidential, and the parties and their agents agree not to disclose to any third party the existence or status of the arbitration and all information made
known and documents produced in the arbitration not otherwise in the public domain, and all awards arising from the arbitration, except and to the extent that disclosure is required by applicable law or is required to protect or pursue a legal
right. 
 (d) Subject to the right of the Requesting Party to submit a Repurchase Request to mediation or arbitration as provided in
subsection 13.06(b) or (c), any dispute relating to a Repurchase Request shall be submitted exclusively to the jurisdiction of the courts of the State of New York or the United States of America located in New York County, New York. In such action,
the Requesting Party submits to the personal jurisdiction of such courts and all parties waive the right to a trial by jury to the greatest extent permitted by law. 

Section 13.07 Investor Communications . With respect to any Notes issued publicly pursuant to Commission Form SF-3, the Issuing
Entity agrees to include in the Form 10-D filed, with respect to the Monthly Period during which such request was received, any request from a Noteholder or Certified Note Owner to communicate with other Noteholders or Note Owners related to the
exercise of rights under the terms 

  
 111 

 
of this Indenture, the other Transaction Documents or the Notes, which communication may include, but shall be limited to, the information set forth in Section 8.02(d). As a condition
precedent to the inclusion of any communication in a Form 10-D pursuant to this Section 13.07 and Section 8.02(d), Note Owners, other than Noteholders that are not holders of definitive notes must provide to the Issuing Entity, proof that
such Note Owner qualifies as a “Certified Note Owner” pursuant to clause (a) of the definition thereof. 
 [END OF ARTICLE XIII]

  
 112 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the
day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

		 	Name:
		 	Title:
	
	WELLS FARGO BANK,
	NATIONAL ASSOCIATION, as Indenture Trustee and not in its individual capacity
		
	By:	 	  

		 	Name: Cheryl Zimmerman
		 	Title: Vice President

  

			
	Acknowledged and Accepted:
	
	CHASE BANK USA,
	 NATIONAL ASSOCIATION,
 as
Servicer

		
	By:	 	  

		 	Name:
		 	Title:

 CHAIT Fourth A&R Indenture 

 Exhibit A 

FORM OF INVESTMENT LETTER 
 [Date] 

Wells Fargo Bank, National Association, 
 as Indenture Trustee,

 Sixth Street and Marquette Avenue 
 MAC: N9311-161 

Minneapolis, Minnesota 55479 
 Attention: Corporate Trust Services
- Asset Backed Administration 
 Fax: (612) 667-3464 

Chase Issuance Trust 
 c/o Chase Card Funding LLC, as Beneficiary

 201 North Walnut Street 
 Wilmington, Delaware 19801 

Attention: Patricia Garvey 
 Fax: (302) 282-7634 

 

	 	Re:	Purchase of $            principal amount of Chase Issuance Trust, 

Series [•], Class [•] Notes 
 Ladies
and Gentlemen: 
 In connection with our purchase of the above Notes (the “Notes”) we confirm that: 

(1) We understand that the Notes are not being registered under the Securities Act of 1933, as amended (the “Securities Act”), and
are being sold to us in a transaction that is exempt from the registration requirements of the Securities Act. 
 (2) Any information we
desire concerning the Notes or any other matter relevant to our decision to purchase the Notes is or has been made available to us. 
 (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 Notes, 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 Notes. 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 Securities Act). 
 (4) We are acquiring the Notes 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 Notes, subject, nevertheless, to the understanding that the disposition of our property shall at all times be and remain within our control. 

  
 A-1 

 (5) We agree that the Notes must be held indefinitely by us unless subsequently registered under
the Securities Act or an exemption from any registration requirements of the Securities 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 Notes (such disposition or exchange not
being currently foreseen or contemplated), we will not transfer or exchange any of the Notes unless: 
 (a) (i) the sale is of at least
U.S. $250,000 principal amount of Notes 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 Notes are transferred pursuant to Rule 144 under the Securities Act by us after we have held them for
more than two years; or 
 (c) the Notes are sold in any other transaction that does not require registration under the Securities Act and,
if the Issuing Entity, the Transferor, the Servicer, the Indenture Trustee or the Note 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 Notes are transferred pursuant to an exception from the registration requirements of the Securities Act
under Rule 144A under the Securities Act. 
 (7) We understand that the Notes will bear a legend to substantially the following effect: 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). NEITHER THIS NOTE NOR ANY
PORTION HEREOF MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE REGISTRATION PROVISIONS OF THE SECURITIES 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 NOTE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN. 

This legend may be removed if the Issuing Entity, the Indenture Trustee and the Note Registrar have received an opinion of counsel, in form
and substance satisfactory to each of them, to the effect that the legend may be removed. 

  
 A-2 

 “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. Capitalized terms used but not defined herein shall have the meanings given to such terms in the Fourth Amended and Restated Indenture, dated as of
[            ], 2016, by and between the Chase Issuance Trust and Wells Fargo Bank, National Association, as indenture trustee. 

 

			
	Very truly yours,
	
	  
 (Name of
Purchaser)

		
	By:	 	  

	(Authorized officer)

  
 A-3 

 Exhibit B-1 

FORM OF CLEARANCE SYSTEM CERTIFICATE 

TO BE GIVEN TO THE INDENTURE TRUSTEE BY 

EUROCLEAR OR CLEARSTREAM FOR 

DELIVERY OF DEFINITIVE NOTES IN EXCHANGE FOR A PORTION OF A 

TEMPORARY GLOBAL NOTE 
 CHASE ISSUANCE TRUST, 

Series [•], Class [•] Notes 
 [Insert title or
sufficient description of Notes to be delivered] 
 We refer to that portion of the Temporary Global Note in respect of the Series [•],
Class [•] Notes to be exchanged for definitive Notes (the “Submitted Portion”) pursuant to this certificate (the “Notes”) as provided in the Fourth Amended and Restated Indenture, dated as of
[            ], 2016 (as amended, restated, supplemented or otherwise modified, the “Indenture”), in respect of such issue. This is to certify that (i) we have received a
certificate or certificates, in writing or by tested telex, 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
either (a) from such person, substantially in the form of Exhibit [•]-[•] to the Indenture Supplement, or (b) from             ,
            , substantially in the form of Exhibit [•]-[•] to the Indenture Supplement, and (ii) the Submitted Portion includes no part of the Temporary Global Note 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 hereof to any interested party in such proceedings.

 Dated:                     ,
            , 
 [as operator of the Euroclear System] 

[Clearstream] 
  

					
		 	By	 	 

  
 B-1-1 

 Exhibit B-2 

FORM OF CERTIFICATE TO BE DELIVERED TO 

EUROCLEAR OR CLEARSTREAM 
 BY
[•] WITH RESPECT TO REGISTERED NOTES SOLD TO QUALIFIED 
 INSTITUTIONAL BUYERS 

CHASE ISSUANCE TRUST, 
 Series [•], Class [•] Notes

 In connection with the initial issuance and placement of the Series [•], Class [•] Notes (the “Notes”), an
institutional investor in the United States (an “institutional investor”) is purchasing [U.S.$/(pound)/(U)/SF] aggregate principal amount of the Notes hold in our account at
[                                ], as operator of the Euroclear System] [Clearstream] 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 under 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 Notes in respect of this certificate are to be issued in registered form in the minimum denomination of [U.S.$/(pound)/(U)/SF]
and such definitive Notes (and, unless the Indenture or Terms Document relating to the Notes otherwise provides, any Notes issued in exchange or substitution for or on registration of transfer of Notes) shall bear the following legend: 

“THIS NOTE HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933. NEITHER THIS NOTE 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 NOTE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN. THIS NOTE CANNOT BE EXCHANGED FOR A BEARER NOTE.” 

Dated:                     ,
            , 
  

			
	[                                    
                                ]
	By:	 	 
		 	Authorized Officer

  
 B-2-1 

 Exhibit B-3 

FORM OF CERTIFICATE TO BE DELIVERED 

TO EUROCLEAR OR CLEARSTREAM 
 BY A
BENEFICIAL OWNER OF NOTES, 
 OTHER THAN A QUALIFIED INSTITUTIONAL BUYER 

CHASE ISSUANCE TRUST, 
 Series [•], Class [•] Notes

 This is to certify that as of the date hereof and except as provided in the third paragraph hereof, the Series [•], Class [•]
Notes held by you for our account (the “Notes”) (i) are owned by a person that is a United States person, or (ii) are owned by a United States person that is (A) the foreign branch of a United States financial institution
(as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v)) (a “financial institution”) purchasing for its own account or for resale, or (B) a United States person who acquired the Notes through the foreign branch of a
financial institution and who holds the Notes through the financial institution on the date hereof (and in either case (A) or (B), the financial institution hereby agrees to comply with the requirements of Section 165(j)(3)(A), (B) or
(C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) are owned by a financial institution for purposes of resale during the Restricted Period (as defined in U.S. Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7)). In addition, financial institutions described in clause (iii) of the preceding sentence (whether or not also described in clause (i) or (ii)) certify that they have not acquired the Notes for purposes
of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 
 We undertake to
advise you by tested telex if the above statement as to beneficial ownership is not correct on the date of delivery of the Notes in bearer form with respect to such of the Notes as then appear in your books as being held for our account. 

This certificate excepts and does not relate to [U.S.$/(pound)/(U)/SF] principal amount of Notes held by you for our account, as to which we
are not yet able to certify beneficial ownership. We understand that delivery of definitive Notes in such principal amount cannot be made until we are able to so certify. 

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 hereof to any interested party in such proceedings.
As used herein, “United States” means the United States of America, including the states thereof and the District of Columbia, its territories, its possessions and other areas subject to its jurisdiction; and “United States
person” means 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 any political subdivision thereof, or an estate or trust the income of which
is subject to United States federal income taxation regardless of its source. 

  
 B-3-1 

 Dated:
                    ,              

 

			
	By:	 	 
		 	Name:
		 	Title:

 As, or as agent for, the beneficial owner(s) of the interest in the Notes to which this certificate
relates. 

  
 B-3-2 

 Exhibit C 

FORM OF ANNUAL CERTIFICATION 
  

	 	Re:	FOURTH AMENDED AND RESTATED INDENTURE, dated as of [            ], 2016 (the “Agreement”), by and between Chase Issuance Trust, a Delaware
statutory trust, as issuing entity (the “Issuing Entity”) and Wells Fargo Bank, National Association, a national banking association, as indenture trustee (the “Indenture Trustee”) 

I,
                                        , the
                                         
   of the Indenture Trustee, certify to the Transferor and Chase USA, and their respective officers, with the knowledge and intent that they will rely upon this certification, that: 

(1) I have reviewed the report on assessment of the Indenture Trustee’s compliance provided in accordance with Rules
13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the “Securities Exchange Act”) and Item 1122 of Regulation AB (17 C.F.R. §229.1100, et seq.) (the “Servicing Assessment”),
and the registered public accounting firm’s attestation report provided in accordance with Rules 13a-18 and 15d-18 under the Securities Exchange Act and Section 1122(b) of Regulation AB (the “Attestation Report”) that were
delivered by the Indenture Trustee to the Transferor and Chase USA pursuant to the Agreement (collectively, the “Indenture Trustee Information”); 

(2) To the best of my knowledge, the Indenture Trustee Information, taken as a whole, does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the statements made, in the light of the circumstances under which such statements were made, not misleading with respect to the period of time covered by the Indenture Trustee
Information; 
 (3) To the best of my knowledge, all of the Indenture Trustee Information required to be provided by the
Indenture Trustee under the Agreement has been provided to the Transferor and Chase USA; and 
 (4) To the best of my
knowledge, except as disclosed in the Servicing Assessment or the Attestation Report, the Indenture Trustee has fulfilled its obligations under the Agreement. 

 

			
	Date:
                                         
                               
		
	By:	 	 
		 	Name:
		 	Title:

  
 C-1 

 Exhibit D 

SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE 

The assessment of compliance to be delivered by the Indenture Trustee shall address, at a minimum, the criteria identified below as
“Applicable Servicing Criteria”: 
  

					
	 Servicing Criteria
	  	Applicable Servicing
Criteria
	 Reference
	 	 Criteria
	  
	
	General Servicing Considerations
			
	 1122(d)(1)(i)
	 	Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.	  	
			
	 1122(d)(1)(ii)
	 	If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third party’s performance and compliance with such servicing activities.	  	ü
			
	 1122(d)(1)(iii)
	 	Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.	  	
			
	 1122(d)(1)(iv)
	 	A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of
the transaction agreements.	  	
			
	 1122(d)(1)(v)
	 	Aggregation of information, as applicable, is mathematically accurate and the information conveyed accurately reflects the information.	  	
	
	Cash Collection and Administration
			
	 1122(d)(2)(i)
	 	Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the transaction
agreements.	  	ü
			
	 1122(d)(2)(ii)
	 	Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.	  	ü
			
	 1122(d)(2)(iii)
	 	Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the transaction agreements.	  	
			
	 1122(d)(2)(iv)
	 	The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of overcollateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the
transaction agreements.	  	ü
			
	 1122(d)(2)(v)
	 	Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, “federally insured depository institution” with respect to a
foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.	  	ü
			
	 1122(d)(2)(vi)
	 	Unissued checks are safeguarded so as to prevent unauthorized access.	  	
			
	 1122(d)(2)(vii)
	 	Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These reconciliations (A) are mathematically accurate; (B)
are prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) are reviewed and approved by someone other than the person who prepared the reconciliation; and (D)
contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction agreements.	  	

  
 D-1 

					
	 Servicing Criteria
	  	Applicable Servicing
Criteria
	 Reference
	 	 Criteria
	  
	Investor Remittances and Reporting
			
	 1122(d)(3)(i)
	 	Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements. Specifically, such reports (A) are prepared in accordance
with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed with the Commission as required by its rules and
regulations; and (D) agree with investors’ or the trustee’s records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.	  	
			
	 1122(d)(3)(ii)
	 	Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.	  	ü
			
	 1122(d)(3)(iii)
	 	Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements.	  	ü
			
	 1122(d)(3)(iv)
	 	Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.	  	ü
	
	Pool Asset Administration
			
	 1122(d)(4)(i)
	 	Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.	  	ü
			
	 1122(d)(4)(ii)
	 	Pool assets and related documents are safeguarded as required by the transaction agreements	  	
			
	 1122(d)(4)(iii)
	 	Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements.	  	
			
	 1122(d)(4)(iv)
	 	Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other
number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents.	  	
			
	 1122(d)(4)(v)
	 	The Servicer’s records regarding the accounts agree with the Servicer’s records with respect to an obligor’s unpaid principal balance.	  	
			
	 1122(d)(4)(vi)
	 	Changes with respect to the terms or status of an obligor’s account (e.g., loan modifications or re-aging) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related
pool asset documents.	  	
			
	 1122(d)(4)(vii)
	 	Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes
or other requirements established by the transaction agreements.	  	
			
	 1122(d)(4)(viii)
	 	Records documenting collection efforts are maintained during the period an account is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period
specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g.,
illness or unemployment).	  	
			
	 1122(d)(4)(ix)
	 	Adjustments to interest rates or rates of return for accounts with variable rates are computed based on the related account documents.	  	

  
 D-2 

							
	 Servicing Criteria
	  	Applicable Servicing
Criteria	 
	 Reference
	 	 Criteria
	  
	 1122(d)(4)(x)
	 	Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligor’s pool asset documents, on at least an annual basis, or such other period specified in
the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the obligor within 30 calendar days of full repayment of
the related pool assets, or such other number of days specified in the transaction agreements.	  			
			
	 1122(d)(4)(xi)
	 	Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such
support has been received by the Servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.	  			
			
	 1122(d)(4)(xii)
	 	Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or
omission.	  			
			
	 1122(d)(4)(xiii)
	 	Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained by the Servicer, or such other number of days specified in the transaction agreements.	  			
			
	 1122(d)(4)(xiv)
	 	Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.	  			
			
	 1122(d)(4)(xv)
	 	Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction agreements.	  	 	*	  

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee
		
	Date:	 	  

		
	By:	 	  

		 	Name:
		 	Title:

  

	* 	If there are any external enhancement or other support identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, Item 1122(d)(4)(xv) would be included in the Applicable Servicing
Criteria for the Servicer. 

  

  
 D-3 

 Exhibit E 

FORM OF 
 CHASE ISSUANCE TRUST 

INDENTURE TRUSTEE’S CERTIFICATE 

[            ] [   ], 20[   ] 

Reference is hereby made to the FOURTH AMENDED AND RESTATED INDENTURE, dated as of
[            ], 2016 (as amended and supplemented, the “Indenture”), by and between CHASE ISSUANCE TRUST, a Delaware statutory trust (the “Issuing Entity”)
and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”). All capitalized terms used herein but not defined have the meanings assigned to them in the Indenture. 

In connection with transactions contemplated by each applicable Terms Agreement (the “Terms Agreement”), each with respect to
a specific tranche of Notes, dated the respective dates of the pricing of such Notes, incorporating an Underwriting Agreement, dated as of [            ] [ ], 20[ ] (together, the
“Underwriting Agreement”), by and among the underwriter (the “Underwriter”), Chase Bank USA, National Association (the “Bank”), a national banking association, Chase Card Funding LLC (the
“Transferor”) and the Issuing Entity, relating to the sale by the Issuing Entity to the Underwriter of CHASEseries notes from the date hereof through [            ] [ ],
20[ ] (the “Notes”), the undersigned, an authorized officer of the Indenture Trustee, hereby certifies the following: 
 1.
The information provided by the Indenture Trustee in the prospectus, dated [            ] [ ], 20[ ] (the “Prospectus”), relating to the offering of the Notes of the
Issuing Entity in the form filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations under the Securities Act, as excerpted in Schedule A hereto, is true and correct in all material respects. 

2. [Other than the legal proceeding against the Indenture Trustee set forth in the Prospectus relating to the offering of the Notes of the
Issuing Entity in the form filed with the Commission pursuant to Rule 424(b) of the Rules and Regulations under the Securities Act, as reproduced in Schedule B hereto,] there are no legal proceedings pending or known to be contemplated
against the Indenture Trustee or against any property of the Indenture Trustee that would be material to holders of the Notes. 
 3. There
are no governmental proceedings pending or known to be contemplated against the Indenture Trustee or against any property of the Indenture Trustee that would be material to holders of the Notes. 

  
 E-1 

 4. To the knowledge of the undersigned officer of the Indenture Trustee, there are no
affiliations, relationships and/or related transactions that would be material to holders of the Notes between the Indenture Trustee and any of the following: 

(a) the Bank; 
 (b) Wilmington
Trust Company; 
 (c) Chase Card Funding LLC; 

(d) the Reviewer[.];/[; and] 

(e) any enhancement or support provider.]1 

 

	1 	If applicable, the Transferor shall inform the Indenture Trustee of the identity of any enhancement or support provider; otherwise (e) is deleted. 

  
 E-2 

 IN WITNESS WHEREOF, I have executed this certificate as of the date hereinabove set forth. 

 

			
	 WELLS FARGO BANK,

NATIONAL ASSOCIATION,
 as Indenture Trustee

		
	By:	 	  

		 	Name:
		 	Title:

  
 E-3 

 Schedule A 
  

	1.	Page [ ] of Prospectus 

 [DESCRIPTION OF WELLS FARGO BANK, NATIONAL ASSOCIATION] 

 

	2.	Page [ ] of Prospectus 

 [DESCRIPTION OF WELLS FARGO BANK, NATIONAL ASSOCIATION] 

  
 E-4 

 Schedule B 

Page [   ] of Prospectus 
 [DESCRIPTION OF LITIGATION]

  

  
 E-5 

 Exhibit F 

FORM OF REPURCHASE REQUEST CERTIFICATE 

[                    ],
[            ] 
 Chase Issuance Trust 

c/o Wilmington Trust Company 
 1100 North Market Street 

Wilmington, Delaware 19890-1600 
 Attention: Corporate Trust
Administration 
 Fax: (302) 636-4140 
 Chase Card Funding LLC

 201 North Walnut Street 
 Wilmington, Delaware 19801 

Attention: Patricia Garvey 
 Email: patricia.m.garvey@chase.com

 Chase Bank USA, National Association 
 201 North Walnut
Street 
 Wilmington, Delaware 19801 
 Attention: Todd S. Lehner

 Email: todd.s.lehner@jpmorgan.com 
 Re:
    Noteholder Request to Repurchase Receivables 
 Reference is hereby made to the Fourth Amended and Restated
Indenture (the “Indenture”), dated as of [            , 2016], by and between Chase Issuance Trust, a statutory trust organized under the laws of the State of Delaware (the
“Issuing Entity”), and Wells Fargo Bank, National Association, a national banking association, in its capacity as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have
the meanings given them in the Indenture. 
 The Indenture Trustee hereby certifies as to the checked option below: 

[    ] During the period from and including [DATE] to but excluding [DATE], the Indenture Trustee received no requests from
Noteholders, with respect to the Notes Outstanding during the period, requesting that Receivables be repurchased. 

[    ] During the period from and including [DATE] to but excluding [DATE], the Indenture Trustee received one or more
requests from Noteholders, with respect to the Notes Outstanding during the period, requesting that Receivables be repurchased. Such requests are attached hereto as Exhibit A. 

  
 F-1 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	not in its individual capacity but solely as Indenture Trustee
		
	 By:
	 	  

		 	Name:
		 	Title:

  
 F-2 

 Exhibit A 

CHASE ISSUANCE TRUST 

RECEIVABLE REPURCHASE DEMAND ACTIVITY REPORT 

Provide the following information for each Receivable subject to a demand for repurchase or replacement: 

 

																			
	 	  	 	 	Principal Balance of	 	  	Party Making	  	Repurchased	  	Pending Repurchase
or Replacement	  	Demand
in	  	Demand	  	Demand
	 Date of Demand
	  	Account No.	 	Receivable Subject
of Demand	 	  	Reputed
Demand	  	or Replaced?
Yes / No	  	(within cure period)
Yes / No	  	Dispute?
Yes / No	  	Withdrawn?
Yes / No	  	Rejected?
Yes / No
		  		 				  		  		  		  		  		  	
		  		 	$	 	  	  		  		  		  		  		  	
		  		 	$	 	  	  		  		  		  		  		  	
		  		 	$	 	  	  		  		  		  		  		  	
		  		 	$	 	  	  		  		  		  		  		  	
		  		 	$	 	  	  		  		  		  		  		  	
		  		 	  
	  
	 	  		  		  		  		  		  	
	 TOTAL:
	  	(Total Number
of Accounts Listed
Above)	 	$	 	  	  		  		  		  		  		  	
		  		 	  
	  
	 	  		  		  		  		  		  	

  
 F-3 

 Exhibit G 

FORM OF REVIEW NOTICE 

                        
        [                    ], 20[    ] 

[                    ] 

[                    ] 

Attention: [                    ] 

Fax: [                    ] 

Re: CHASEseries Notes – Asset Representations Review 

Reference is hereby made to the Fourth Amended and Restated Indenture (the “Indenture”), dated as of
[            , 2016], by and between Chase Issuance Trust, a Delaware statutory trust (the “Issuing Entity”), and Wells Fargo Bank, National Association, a national banking
association, in its capacity as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 

Notice is hereby provided that, as of the date hereof, the conditions for an Asset Representations Review described in Section 13.05(b)
of the Indenture have been satisfied and the Reviewer should commence an Asset Representations Review in accordance with the procedures of the Asset Representations Review Agreement. 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	not in its individual capacity but solely as Indenture Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 G-1Exhibit 4.2

 Exhibit 4.2 

CHASE ISSUANCE TRUST 
 as Issuing
Entity 
 and 
 WELLS FARGO
BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 

 
  

THIRD AMENDED AND RESTATED 
 ASSET
POOL ONE SUPPLEMENT 
 dated as of     , 2016 

to 
 FOURTH AMENDED AND RESTATED

 INDENTURE 
 dated as of
    , 2016 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	ARTICLE I	  			
		
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  			
			
	 Section 1.1
	 	 Definitions
	  	 	3	  
	 Section 1.2
	 	 Effect of Headings and Table of Contents
	  	 	14	  
	 Section 1.3
	 	 Successors and Assigns
	  	 	14	  
	 Section 1.4
	 	 Separability
	  	 	14	  
	 Section 1.5
	 	 Governing Law
	  	 	14	  
	 Section 1.6
	 	 Counterparts
	  	 	14	  
		
	ARTICLE II	  			
		
	COLLATERAL	  			
			
	 Section 2.1
	 	 Initial Collateral
	  	 	16	  
	 Section 2.2
	 	 [Reserved]
	  	 	16	  
	 Section 2.3
	 	 Increases in the Invested Amount of an Existing Asset Pool One Collateral Certificate
	  	 	16	  
	 Section 2.4
	 	 Addition of Collateral
	  	 	16	  
	 Section 2.5
	 	 Removal of Accounts
	  	 	20	  
	 Section 2.6
	 	 Account Allocations
	  	 	21	  
	 Section 2.7
	 	 Discount Receivables
	  	 	22	  
	 Section 2.8
	 	 Recording, Etc.
	  	 	23	  
	 Section 2.9
	 	 Trust Indenture Act Requirements
	  	 	24	  
	 Section 2.10
	 	 Suits To Protect the Collateral
	  	 	25	  
	 Section 2.11
	 	 Purchaser Protected
	  	 	25	  
	 Section 2.12
	 	 Powers Exercisable by Receiver or Collateral Agent
	  	 	25	  
	 Section 2.13
	 	 Determinations Relating to Collateral
	  	 	25	  
	 Section 2.14
	 	 Release of all Collateral
	  	 	26	  
	 Section 2.15
	 	 Certain Actions by Collateral Agent
	  	 	27	  
	 Section 2.16
	 	 Opinions as to Collateral
	  	 	27	  
	 Section 2.17
	 	 Delegation of Duties
	  	 	27	  
	 Section 2.18
	 	 Issuing Entity’s Representations and Warranties
	  	 	27	  
		
	ARTICLE III	  			
		
	COLLECTIONS, ALLOCATIONS, DEPOSITS AND PAYMENTS	  			
			
	 Section 3.1
	 	 Collections and Allocations
	  	 	29	  
	 Section 3.2
	 	 Allocations of Finance Charge Collections and Default Amounts
	  	 	31	  
	 Section 3.3
	 	 Allocations of Principal Collections
	  	 	32	  
	 Section 3.4
	 	 Allocations of the Asset Pool One Servicing Fee
	  	 	32	  

  
 i 

							
	 Section 3.5
	 	 Allocations of Amounts to the Excess Funding Account and Allocations of Amounts on Deposit in the Excess Funding Account
	  	 	32	  
	 Section 3.6
	 	 Final Payment
	  	 	33	  
	 Section 3.7
	 	 Payments within a Series, Class or Tranche
	  	 	33	  
	 Section 3.8
	 	 Allocations of Finance Charge Collections, Default Amounts, Servicing Fees and Principal Collections Allocable to the Transferor
Interest
	  	 	33	  
	 Section 3.9
	 	 Transfer of Defaulted Accounts
	  	 	34	  
	 Section 3.10
	 	 Adjustments for Miscellaneous Credits and Fraudulent Charges
	  	 	34	  
	 Section 3.11
	 	 Recoveries and Interchange
	  	 	35	  
	 Section 3.12
	 	 [Reserved]
	  	 	36	  
	 Section 3.13
	 	 Designation of Remaining Principal Shortfalls
	  	 	36	  
	 Section 3.14
	 	 Monthly Servicer’s Certificate
	  	 	36	  
		
	ARTICLE IV	  			
		
	THE COLLATERAL AGENT	  			
			
	 Section 4.1
	 	 Certain Duties and Responsibilities
	  	 	37	  
	 Section 4.2
	 	 Certain Rights of the Collateral Agent
	  	 	38	  
	 Section 4.3
	 	 Not Responsible for Recitals or Issuance of Notes
	  	 	39	  
	 Section 4.4
	 	 May Hold Notes
	  	 	39	  
	 Section 4.5
	 	 Money Held in Trust
	  	 	39	  
	 Section 4.6
	 	 Compensation and Reimbursement; Limit on Compensation, Reimbursement and Indemnity
	  	 	39	  
	 Section 4.7
	 	 Disqualification; Conflicting Interests
	  	 	40	  
	 Section 4.8
	 	 Corporate Collateral Agent Required; Eligibility
	  	 	40	  
	 Section 4.9
	 	 Resignation and Removal; Appointment of Successor
	  	 	41	  
	 Section 4.10
	 	 Acceptance of Appointment by Successor
	  	 	42	  
	 Section 4.11
	 	 Merger, Conversion, Consolidation or Succession to Business
	  	 	43	  
	 Section 4.12
	 	 Preferential Collection of Claims Against Issuing Entity
	  	 	43	  
	 Section 4.13
	 	 Representations and Covenants of the Collateral Agent
	  	 	43	  
	 Section 4.14
	 	 Custody of Asset Pool One Collateral Certificates and Other Collateral
	  	 	43	  
	 Section 4.15
	 	 Collateral Agent’s Application for Instructions from the Issuing Entity
	  	 	43	  
	 Section 4.16
	 	 Events of Default and Remedies; Reports of Indenture Trustee; Reports to Issuing Entity
	  	 	44	  
		
	ARTICLE V	  			
		
	BANK ACCOUNTS AND INVESTMENTS	  			
			
	 Section 5.1
	 	 Bank Accounts
	  	 	45	  
	 Section 5.2
	 	 Investment of Funds in the Bank Accounts
	  	 	46	  

  
 ii 

							
		
	ARTICLE VI	  			
		
	MISCELLANEOUS	  			
			
	 Section 6.1
	 	 No Petition
	  	 	48	  
	 Section 6.2
	 	 Actions by the Issuing Entity
	  	 	48	  
	 Section 6.3
	 	 Limitations on Liability
	  	 	48	  
	 Section 6.4
	 	 Termination of Issuing Entity
	  	 	49	  
	 Section 6.5
	 	 Termination Distributions
	  	 	49	  
	 Section 6.6
	 	 Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider as Third-Party
Beneficiary
	  	 	49	  
	 Section 6.7
	 	 Amendments
	  	 	49	  

  
 iii 

 EXHIBITS 
  

			
	EXHIBIT A	  	Form of Transferor Certificate
		
	EXHIBIT B	  	Form of Assignment of Receivables in Additional Accounts Included in Asset Pool One
		
	EXHIBIT C	  	Form of Assignment of Additional Collateral Certificate Included in Asset Pool One
		
	EXHIBIT D	  	Form of Reassignment of Receivables in Removed Accounts Included in Asset Pool One
		
	EXHIBIT E-1	  	Reserved
		
	EXHIBIT E-2	  	Reserved
		
	EXHIBIT F	  	Form of Asset Pool One Monthly Servicer’s Certificate
	
	  
 SCHEDULES

		
	SCHEDULE 1	  	List of Asset Pool One Accounts [Deemed Incorporated]

  
 iv 

 This THIRD AMENDED AND RESTATED ASSET POOL ONE SUPPLEMENT (the “Asset Pool One
Supplement”) to the Fourth Amended and Restated Indenture, dated as of     , 2016 (the “Indenture”), by and between CHASE ISSUANCE TRUST, a statutory trust organized under the laws of the State of
Delaware (the “Issuing Entity” or the “Trust”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Wells Fargo”), as Indenture Trustee (in such capacity, the
“Indenture Trustee”), is made and entered into as of [            ], 2016, by and among the Issuing Entity, the Indenture Trustee and Wells Fargo, as collateral agent (in
such capacity, the “Collateral Agent”), for the benefit of the parties listed in the Granting Clause of this Asset Pool One Supplement. 

All things necessary to make this Asset Pool One Supplement a valid agreement of the Issuing Entity, in accordance with its terms, have been
done. 
 RECITALS 
 WHEREAS,
the parties hereto have heretofore executed and delivered an Asset Pool One Supplement, dated as of May 1, 2002 (as amended, supplemented or otherwise modified, the “Original Asset Pool One Supplement”); 

WHEREAS, the parties hereto have executed and delivered an Amended and Restated Asset Pool One Supplement, dated as of October 15, 2004
(as amended, supplemented or otherwise modified, the “Amended and Restated Asset Pool One Supplement”); 
 WHEREAS, the
parties hereto have executed and delivered a Second Amended and Restated Asset Pool One Supplement, dated as of December 19, 2007 (as amended, supplemented or otherwise modified, the “Second Amended and Restated Asset Pool One
Supplement”); 
 WHEREAS, the parties hereto desire to amend and restate the Second Amended and Restated Asset Pool One Supplement
to read in its entirety as set forth below; and 
 WHEREAS, all conditions precedent to the execution of this Asset Pool One Supplement have
been complied with. 
 NOW, THEREFORE, the parties hereto hereby agree that effective on and as of the date hereof, the Second Amended and
Restated Asset Pool One Supplement is hereby amended and restated in its entirety as follows: 
 GRANTING CLAUSE 

The Issuing Entity hereby grants to the Collateral Agent (the “Secured Party”) for the benefit and security of the following:
(a) the Asset Pool One Noteholders, (b) the Indenture Trustee, in its individual capacity and (c) the Collateral Agent, in its individual capacity, a security interest in all of its right, title and interest, whether now owned or
hereafter acquired, in and to the following: 
  

	 	(i)	each Asset Pool One Collateral Certificate; 

  
 1 

	 	(ii)	all Asset Pool One Receivables; 

  

	 	(iii)	the Excess Funding Account established for Asset Pool One; 

  

	 	(iv)	the Collection Account established for Asset Pool One; 

  

	 	(v)	each Supplemental Bank Account (including all Sub-Accounts thereof) established from time to time for Asset Pool One; 

  

	 	(vi)	all Permitted Investments and all investment property, money and other property held in or through the Collection Account, the Excess Funding Account or any other Supplemental Bank Account and including any Sub-Accounts
therein; 

  

	 	(vii)	all rights, benefits and powers under any Derivative Agreement; 

  

	 	(viii)	all rights, benefits and powers under any Supplemental Credit Enhancement Agreement or Supplemental Liquidity Agreement; 

  

	 	(ix)	all rights, benefits and powers under the Transfer and Servicing Agreement and the Receivables Purchase Agreement with respect to the Asset Pool One Collateral Certificates and the Asset Pool One Receivables;

  

	 	(x)	all present and future claims, demands, causes of and choses in action in respect of any of the foregoing and all interest, principal, payments and distributions of any nature or type on any of the foregoing;

  

	 	(xi)	all accounts, general intangibles, chattel paper, instruments, documents, goods, money, investment property, deposit accounts, certificates of deposit, letters of credit, letter-of-credit rights and advices of credit
consisting of, arising from, or relating to any of the foregoing; and 

  

	 	(xii)	all proceeds of the foregoing. 

 Items (i) through (xii) above are collectively
referred to as the “Collateral.” The Security Interest in the Collateral is granted to secure the Asset Pool One Notes (and the obligations under the Indenture and this Asset Pool One Supplement), equally and ratably without prejudice,
priority or distinction between any Asset Pool One Note by reason of difference in time of issuance or otherwise, except as otherwise expressly provided in the Indenture, or in the Indenture Supplement which establishes any Series, Class or Tranche
of Notes, and to secure (x) the payment of all amounts due on such Asset Pool One Notes in accordance with their respective terms, (y) the payment of all other sums payable by the Issuing Entity under the Indenture, any Indenture
Supplement and this Asset Pool One Supplement relating to the Asset Pool One Notes and (z) compliance by the Issuing Entity with the provisions of the Indenture, any Indenture Supplement or this Asset Pool One Supplement relating to the Asset
Pool One Notes. This Asset Pool One Supplement is a security agreement within the meaning of the UCC. 

  
 2 

 The Collateral Agent acknowledges the grant of such Security Interest, and accepts the Collateral
in trust hereunder in accordance with the provisions hereof and agrees to perform the duties herein to the end that the interests of the Asset Pool One Noteholders may be adequately and effectively protected. 

The Asset Pool One Notes, Derivative Agreements, Supplemental Credit Enhancement Agreements, Supplemental Liquidity Agreements and other
obligations under the Indenture, this Asset Pool One Supplement and any Indenture Supplement relating to the Asset Pool One Notes will benefit from the Security Interest to the extent (and only to the extent) proceeds of and distributions on the
Collateral are allocated for their benefit pursuant to the Indenture, this Asset Pool One Supplement and the applicable Indenture Supplement. 

ARTICLE I 
 DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION 
 Section 1.1 Definitions. For all purposes of this Asset Pool One Supplement, except as
otherwise expressly provided or unless the context otherwise requires: 
 (a) the terms defined in this Article have the meanings assigned
to them in this Article, and, along with any other term defined in any Section of this Asset Pool One Supplement, include the plural as well as the singular; 

(b) all other terms used herein which are defined in the Indenture, the applicable Indenture Supplement or the Transfer and Servicing
Agreement, either directly or by reference therein, have the meanings assigned to them therein; 
 (c) as used in this Asset Pool One
Supplement and in any certificate or other document made or delivered pursuant hereto or thereto, accounting terms not defined in this Asset Pool One Supplement or in any such certificate or other document, and accounting terms partly defined in
this Asset Pool One Supplement or in any such certificate or other document to the extent not defined, shall have the respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Asset Pool One
Supplement or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions contained in this Asset Pool One Supplement or in any such certificate or other document shall control; 

(d) the words “hereof,” “herein,” “hereunder” and words of similar import when used in this Asset Pool One
Supplement shall refer to this Asset Pool One Supplement as a whole and not to any particular provision of this Asset Pool One Supplement; references to any Articles, subsection, Section, clause, Schedule or Exhibit are references to Articles,
subsections, Sections, clauses, Schedules and Exhibits in or to this Asset Pool One Supplement unless otherwise specified; the term “including” means “including without limitation”; references to any law or regulation refer to
that law or regulation as amended from time to time and include any successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such agreement, as amended,
supplemented or otherwise modified from time to time; 

  
 3 

 (e) in the event that any term or provision contained herein shall conflict with or be
inconsistent with any term or provision contained in the Indenture, the applicable Indenture Supplement or the Transfer and Servicing Agreement, the terms and provisions of this Asset Pool One Supplement shall be controlling; 

(f) each capitalized term defined herein shall relate only to the Asset Pool One Notes and no other notes issued by the Issuing Entity; and

 (g) whenever used in this Asset Pool One Supplement, the following words and phrases shall have the following meanings, and the
definitions of such terms and phrases 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 the neuter genders of such terms: 

“Account Assignment” has the meaning specified in subsection 2.4(c)(v). 

“Additional Asset Pool One Account” has the meaning specified in subsection 2.4(a). 

“Additional Asset Pool One Collateral Certificate” has the meaning specified in subsection 2.4(a). 

“Addition Cut-Off Date” means, with respect to any Additional Asset Pool One Account, the date as of which the applicable
Additional Accounts shall have been selected by the Issuing Entity for inclusion in Asset Pool One pursuant to Section 2.4. 

“Addition Date” has the meaning specified in subsection 2.4(a)(i). 

“Adjustment Payment” has the meaning specified in subsection 3.10(a). 

“Administrator” means Chase Bank USA, National Association in its capacity as Administrator of the Trust. 

“Aggregate Addition Limit” means, with respect to Asset Pool One, the aggregate number of Additional Asset Pool One Accounts
that may be designated for inclusion in Asset Pool One without prior satisfaction of the Note Rating Agency Condition, equal to the aggregate number of Additional Asset Pool One Accounts which would either (x) with respect to any consecutive
three-month period, equal 15% of the aggregate number of Asset Pool One Accounts as of the first day of such three-month period or (y) with respect to any twelve-month period, equal 20% of the aggregate number of Asset Pool One Accounts as of
the first day of such twelve-month period. 
 “Amended and Restated Asset Pool One Supplement” means the Amended and
Restated Asset Pool One Supplement, dated as of October 15, 2004, by and among the Issuing Entity, Indenture Trustee and Collateral Agent, as amended, supplemented or otherwise modified. 

  
 4 

 “Amortization Period” has, with respect to any Series, Class or Tranche of Asset
Pool One Notes, the meaning specified in the applicable Indenture Supplement with respect to such Series, Class or Tranche of Asset Pool One Notes. 

“Asset Pool One” means the Collateral granted to the Collateral Agent pursuant to this Asset Pool One Supplement. 

“Asset Pool One Accounts” means the Initial Asset Pool One Accounts and the Accounts that have been designated by the Issuing
Entity, pursuant to Section 2.4, to have their Receivables included in Asset Pool One; provided, however, that Removed Asset Pool One Accounts shall not be Asset Pool One Accounts on or after the related Removal Date. 

“Asset Pool One Average Principal Balance” means, with respect to Asset Pool One, (a) for any Monthly Period in which no
Addition Date, Removal Date or Discount Option Date occurs, the Asset Pool One Principal Receivables as of the close of business on the last day of the prior Monthly Period and (b) for any Monthly Period in which one or more Addition Dates,
Removal Dates or Discount Option Dates occurs, the sum of: 
 (i) the product of (x) the Asset Pool One Principal
Receivables as of the close of business on the last day of the prior Monthly Period and (y) a fraction, (A) the numerator of which is the number of days from and including the first day of such Monthly Period to but excluding the initial
Addition Date, Removal Date or Discount Option Date, as the case may be, in such Monthly Period and (B) the denominator of which is the number of days in such Monthly Period; and 

(ii) the product of (x) the Asset Pool One Principal Receivables as of the close of business on the initial Addition Date,
Removal Date or Discount Option Date in such Monthly Period, after giving effect to such addition, removal or discount, as the case may be, and (y) a fraction, (A) the numerator of which is the number of days from and including the initial
Addition Date, Removal Date or Discount Option Date, as the case may be, in such Monthly Period to but excluding the next subsequent Addition Date, Removal Date or Discount Option Date in such Monthly Period or, if no such next subsequent date
occurs in such Monthly Period, to and including the last day of such Monthly Period and (B) the denominator of which is the number of days in such Monthly Period; and 

(iii) for each subsequent Addition Date, Removal Date or Discount Option Date in such Monthly Period, the product of
(x) the Asset Pool One Principal Receivables at the close of business on such Addition Date, Removal Date or Discount Option Date, after giving effect to such addition, removal or discount, as the case may be, and (y) a fraction,
(A) the numerator of which is the number of days from and including such Addition Date, Removal Date or Discount Option Date, as the case may be, in such Monthly Period to but excluding the next subsequent Addition Date, Removal Date or
Discount Option Date or, if no such next subsequent date occurs in such Monthly Period, to and including the last day of such Monthly Period and (B) the denominator of which is the number of days in such Monthly Period. 

  
 5 

 “Asset Pool One Collateral Certificate” means each Collateral Certificate that
has been designated by the Issuing Entity for inclusion in Asset Pool One pursuant to Sections 2.1 and 2.4. 
 “Asset Pool One
Collateral Certificate Principal Shortfall Payments” means, for any Monthly Period, amounts received on Asset Pool One Collateral Certificates in respect of Principal Shortfalls. 

“Asset Pool One Default Amount” means, for any Monthly Period, the Default Amount for Asset Pool One for such Monthly Period.

 “Asset Pool One Defaulted Account” means any Asset Pool One Account that becomes a Defaulted Account. 

“Asset Pool One Finance Charge Collections” means, for any Monthly Period, the amount of Finance Charge Collections for all
Asset Pool One Receivables and Asset Pool One Collateral Certificates for such Monthly Period. 
 “Asset Pool One Minimum Pool
Balance” means, for any Monthly Period, an amount equal to the sum of (i) for all Asset Pool One Notes in their Revolving Period, the sum of the Nominal Liquidation Amounts of such Asset Pool One Notes as of the close of business on
the last day of such Monthly Period and (ii) for all Asset Pool One Notes in their Amortization Period, the sum of the Nominal Liquidation Amounts of such Asset Pool One Notes as of the close of business as of the last day of the most recent
Revolving Period (exclusive of (x) any Asset Pool One Notes which will be paid in full on the applicable Payment Date in the following Monthly Period and (y) any Asset Pool One Notes which will have a Nominal Liquidation Amount of zero on
the applicable Payment Date in the following Monthly Period). 
 “Asset Pool One Nominal Liquidation Amount Deficit” means,
for any Monthly Period, the aggregate Nominal Liquidation Amount Deficit of all Asset Pool One Notes for such Monthly Period. 

“Asset Pool One Notes” means the Notes designated in an Indenture Supplement as being secured by the Collateral of Asset Pool
One. 
 “Asset Pool One Noteholder” means any person in whose name an Asset Pool One Note is registered. 

“Asset Pool One Pool Balance” means, for any Monthly Period, the sum of (1) the sum of the Invested Amounts of the Asset
Pool One Collateral Certificates on the close of business on the last day of such Monthly Period plus (2) the Asset Pool One Principal Receivables as of the close of business as of the last day of such Monthly Period plus (3) the Excess
Funding Amount as of the close of business on the last day of such Monthly Period. 
 “Asset Pool One Principal
Collections” means, for any Monthly Period, the amount of Principal Collections for all Asset Pool One Receivables and Asset Pool One Collateral Certificates for such Monthly Period minus Asset Pool One Collateral Certificate Principal
Shortfall Payments for such Monthly Period. 

  
 6 

 “Asset Pool One Principal Receivables” means, with respect to any date of
determination, the aggregate outstanding dollar amount of Asset Pool One Receivables that are Principal Receivables. 
 “Asset Pool
One Receivables” means Receivables arising in Asset Pool One Accounts. 
 “Asset Pool One Receivables Servicing
Fee” means, with respect to any Monthly Period, one-twelfth of the product of (a) the Asset Pool One Receivables Servicing Fee Percentage for such Monthly Period and (b) the Asset Pool One Average Principal Balance for such
Monthly Period. 
 “Asset Pool One Receivables Servicing Fee Percentage” means, 1.50% for so long as Chase USA is the
Servicer or 2.00% if Chase USA is no longer the Servicer. 
 “Asset Pool One Required Transferor Amount” means, for any
Monthly Period, the product of (1) the Asset Pool One Principal Receivables as of the close of business on the last day of such Monthly Period and (2) the Asset Pool One Required Transferor Amount Percentage. 

“Asset Pool One Required Transferor Amount Percentage” means 5% or such other percentage as shall be designated from time to
time by the Servicer; provided, however, that prior to designating any lesser percentage the Servicer shall have provided to the Indenture Trustee and the Collateral Agent an Issuing Entity Tax Opinion and written confirmation from each Note Rating
Agency that such designation shall not have a Ratings Effect. 
 “Asset Pool One Servicing Fee” has the meaning specified
in subsection 3.4(a). 
 “Asset Pool One Supplement” means this Third Amended and Restated Asset Pool Supplement as
originally executed and as amended, supplemented, restated or otherwise modified from time to time. 
 “Asset Pool One Transferor
Amount” means, for any Monthly Period, an amount equal to (i) the Asset Pool One Pool Balance for such Monthly Period minus (ii) the aggregate Nominal Liquidation Amount of all Asset Pool One Notes as of the close of business on
the last day of such Monthly Period. 
 “Asset Pool One Transferor Percentage” means, with respect to any Monthly Period,
100% minus, the sum of the Noteholder Percentages for all Series of Asset Pool One Notes with respect to Asset Pool One Principal Collections, Asset Pool One Finance Charge Collections, the Asset Pool One Servicing Fee or the Asset Pool One Default
Amount, as applicable. 
 “Bank Accounts” means, collectively, the Excess Funding Account, the Collection Account and any
Supplemental Bank Account, including any Sub-Accounts therein. 
 “Chase Card Funding” means Chase Card Funding LLC, a
Delaware limited liability company. 

  
 7 

 “Chase USA” means Chase Bank USA, National Association, a national banking
association, and any successors or assigns. 
 “Collateral” has the meaning specified in the Granting Clause of this Asset
Pool One Supplement. 
 “Collateral Agent” means the Person named as the Collateral Agent in the first paragraph of this
Asset Pool One Supplement until a successor Collateral Agent shall have become such pursuant to the applicable provisions of this Asset Pool One Supplement, and thereafter “Collateral Agent” means and includes each Person who is then a
Collateral Agent hereunder. If at any time there is more than one such Person, “Collateral Agent” as used with respect to the Asset Pool One Notes of any Series, Class or Tranche means the Collateral Agent with respect to Asset Pool One
Notes of that Series, Class or Tranche. 
 “Collateral Agent Authorized Officer” when used with respect to the Collateral
Agent, means any vice president, any assistant vice president, the treasurer, any assistant treasurer, any senior trust officer or trust officer, or any other officer of the Collateral Agent customarily performing functions similar to those
performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 

“Collateral Certificate Assignment” has the meaning specified in subsection 2.4(c)(vi). 

“Collection Account” has the meaning specified in subsection 5.1(a)(i). 

“Corporate Trust Office” means, with respect to the Collateral Agent, the principal corporate trust office of the Collateral
Agent located at Wells Fargo Bank, National Association, Sixth Street & Marquette Avenue, MAC: N9311-161, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services—Asset Backed Administration; or such other address as the
Collateral Agent may designate by notice to the Transferor, or the principal corporate trust office of any successor Collateral Agent (the address of which the successor Collateral Agent will notify the Indenture Trustee and the Transferor). 

“Credit Adjustment” has the meaning specified in subsection 3.10(a). 

“Cut-Off Date” means, with respect to an Initial Asset Pool One Account, the “Addition Cut-Off Date” specified in
the related Initial Asset Pool One Account Assignment and, with respect to an Additional Asset Pool One Account, the Addition Cut-Off Date for such Additional Asset Pool One Account. 

“Delaware Limited Liability Company Act” means the Delaware Limited Liability Company Act (6 Del. C. § 18-101 et seq.)
and any successor statute, as amended from time to time. 
 “Determination Date” means the Business Day before the First
Note Transfer Date for a Series in a Monthly Period. 

  
 8 

 “Effective Date” means the date on which this Asset Pool One Supplement is
executed and delivered by the parties hereto. 
 “Excess Funding Account” has the meaning specified in subsection
5.1(a)(ii). 
 “Excess Funding Amount” means at any time the aggregate amount on deposit in the Excess Funding Account.

 “First Note Transfer Date” means, with respect to any Monthly Period, the initial Note Transfer Date for any Series,
Class or Tranche of Asset Pool One Notes in such Monthly Period. 
 “Increase Date” has the meaning specified in subsection
2.4(a)(i). 
 “Indenture” means the Fourth Amended and Restated Indenture, dated as of __, 2016, between the Issuing Entity
and the Indenture Trustee. 
 “Initial Asset Pool One Accounts” means the Accounts designated pursuant to the Initial Asset
Pool One Account Assignments, except for any Initial Account Reassignment or revolving credit card account that became a Defaulted Account prior to the date hereof. 

“Initial Asset Pool One Account Assignments” means, collectively, Assignment No. 1 of Receivables in Additional Accounts
included in Asset Pool One, dated as of November 29, 2002, Assignment No. 2 of Receivables in Additional Accounts included in Asset Pool One, dated as of March 24, 2003, Assignment No. 3 of Receivables in Additional Accounts included in Asset Pool
One, dated as of August 18, 2003, Assignment No. 4 of Receivables in Additional Accounts included in Asset Pool One, dated as of March 26, 2004, Assignment No. 5 of Receivables in Additional Accounts included in Asset Pool One, dated as of December
17, 2004, Assignment No. 6 of Receivables in Additional Accounts included in Asset Pool One, dated as of May 16, 2005, Assignment No. 7 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 17, 2005, Assignment No. 8
of Receivables in Additional Accounts included in Asset Pool One, dated as of September 30, 2005, Assignment No. 9 of Receivables in Additional Accounts included in Asset Pool One, dated as of November 10, 2005, Assignment No. 10 of Receivables in
Additional Accounts included in Asset Pool One, dated as of May 30, 2006, Assignment No. 11 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 29, 2006, Assignment No. 12 of Receivables in Additional Accounts
included in Asset Pool One, dated as of November 28, 2006, Assignment No. 13 of Receivables in Additional Accounts included in Asset Pool One, dated as of February 26, 2007, Assignment No. 14 of Receivables in Additional Accounts included in Asset
Pool One, dated as of March 28, 2007, Assignment No. 15 of Receivables in Additional Accounts included in Asset Pool One, dated as of June 27, 2007, Assignment No. 16 of Receivables in Additional Accounts included in Asset Pool One, dated as of
October 19, 2007, Assignment No. 17 of Receivables in Additional Accounts included in Asset Pool One, dated as of November 15, 2007 Assignment No. 18 of Receivables in Additional Accounts included in Asset Pool One, dated as of December 18, 2007,
Assignment No. 19 of Receivables in Additional Accounts included in Asset Pool One, dated as of January 30, 2008, Assignment No. 20 of Receivables in Additional Accounts 

  
 9 

 
included in Asset Pool One, dated as of February 4, 2008, Assignment No. 21 of Receivables in Additional Accounts included in Asset Pool One, dated as of April 11, 2008, Assignment No. 22 of
Receivables in Additional Accounts included in Asset Pool One, dated as of May 13, 2008, Assignment No. 23 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 12, 2008, Assignment No. 24 of Receivables in Additional
Accounts included in Asset Pool One, dated as of September 26, 2008, Assignment No. 25 of Receivables in Additional Accounts included in Asset Pool One, dated as of November 3, 2008, Assignment No. 26 of Receivables in Additional Accounts included
in Asset Pool One, dated as of February 10, 2009, Assignment No. 27 of Receivables in Additional Accounts included in Asset Pool One, dated as of April 16, 2009, Assignment No. 28 of Receivables in Additional Accounts included in Asset Pool One,
dated as of May 8, 2009, Assignment No. 29 of Receivables in Additional Accounts included in Asset Pool One, dated as of June 8, 2009, Assignment No. 30 of Receivables in Additional Accounts included in Asset Pool One, dated as of July 21, 2009,
Assignment No. 31 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 17, 2009, Assignment No. 32 of Receivables in Additional Accounts included in Asset Pool One, dated as of September 17, 2009, Assignment No. 33 of
Receivables in Additional Accounts included in Asset Pool One, dated as of October 15, 2009, Assignment No. 34 of Receivables in Additional Accounts included in Asset Pool One, dated as of November 2, 2009, Assignment No. 35 of Receivables in
Additional Accounts included in Asset Pool One, dated as of October 31, 2012, Assignment No. 36 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 4, 2014 and Assignment No. 37 of Receivables in Additional Accounts
included in Asset Pool One, dated as of March 31, 2015, each between the Issuing Entity and the Collateral Agent. 
 “Initial
Account Reassignments” means, collectively, Reassignment No. 1 of Receivables in Removed Asset Pool One Accounts, dated as of June 26, 2003, Reassignment No. 2 of Receivables in Removed Asset Pool One Accounts, dated as of
May 1, 2005, Reassignment No. 3 of Receivables in Removed Asset Pool One Accounts, dated as of October 10, 2007, Reassignment No. 4 of Receivables in Removed Asset Pool One Accounts, dated as of March 15, 2010, Reassignment
No. 5 of Receivables in Removed Asset Pool One Accounts, dated as of August 4, 2010, Reassignment No. 6 of Receivables in Removed Asset Pool One Accounts, dated as of August 30, 2010, Reassignment No. 7 of Receivables in
Removed Asset Pool One Accounts, dated as of October 28, 2010, Reassignment No. 8 of Receivables in Removed Asset Pool One Accounts, dated as of January 28, 2011, Reassignment No. 9 of Receivables in Removed Asset Pool One
Accounts, dated as of April 27, 2011, Reassignment No. 10 of Receivables in Removed Asset Pool One Accounts, dated as of May 4, 2011, Reassignment No. 11 of Receivables in Removed Asset Pool One Accounts, dated as of May 7,
2012, Reassignment No. 12 of Receivables in Removed Asset Pool One Accounts, dated as of September 28, 2012, Reassignment No. 13 of Receivables in Removed Asset Pool One Accounts, dated as of June 11, 2014, Reassignment
No. 14 of Receivables in Removed Asset Pool One Accounts, dated as of September 22, 2014, and Reassignment No. 15 of Receivables in Removed Asset Pool One Accounts, dated as of March 31, 2015, each between the Issuing Entity and
the Collateral Agent 
 “Invested Amount” has, with respect to any Asset Pool One Collateral Certificate, the meaning
specified in the applicable Series Supplement. 
 “Issuing Entity” means Chase Issuance Trust, a Delaware statutory trust.

  
 10 

 “LLC Agreement” means the Limited Liability Company Agreement of Chase Card
Funding, together with the schedules attached thereto, as amended, restated or supplemented or otherwise modified from time to time. 

“Member” means Chase USA, in its capacity as sole member of the Chase Card Funding under the LLC Agreement. 

“Monthly Servicer’s Certificate” means the certificate forwarded by the Servicer to various parties as described in
Section 3.14. 
 “Nominal Liquidation Amount” has, with respect to any Series, Class or Tranche of Asset Pool One
Notes, the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 

“Nominal Liquidation Amount Deficit” has, with respect to any Series, Class or Tranche of Asset Pool One Notes, the meaning
specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 
 “Noteholder
Percentage” means, for any Series of Asset Pool One Notes, with respect to Asset Pool One Principal Collections, Asset Pool One Finance Charge Collections, the Asset Pool One Default Amount and the Asset Pool One Servicing Fee, the
percentage stated in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 
 “Note Rating Agency”
means, with respect to any Outstanding Asset Pool One Notes, each statistical rating agency selected by the Issuing Entity to rate such Notes; provided, that any reference to each Note Rating Agency shall only apply to any specific Note
Rating Agency if such Note Rating Agency is then rating any Outstanding Class or Tranche of Notes. 
 “Note Transfer Date”
means, for any Series, Class or Tranche of Asset Pool One Notes: 
 (i) the Business Day prior to: 

 

	 	(a)	the Payment Date for such Series, Class or Tranche of Asset Pool One Notes; or 

  

	 	(b)	for any Monthly Period in which no Payment Date occurs for such Series, Class or Tranche of Asset Pool One Notes, the date in such Monthly Period corresponding numerically to the next Payment Date (without regard to
whether or not such Payment Date is a Business Day) for such Series, Class or Tranche of Asset Pool One Notes, provided that (1) if there is no such numerically corresponding date, such date shall be the last Business Day of such Monthly
Period, or (2) if such numerically corresponding date is not a Business Day, such date shall be the immediately preceding Business Day; or 

  
 11 

 (ii) such other date as shall be specified in the applicable Indenture Supplement or Terms
Document for such Series, Class or Tranche of Asset Pool One Notes. 
 “Notice Date” has the meaning specified in
subsection 2.4(c)(ii). 
 “Original Asset Pool One Supplement” means the Asset Pool One Supplement, dated as of May 1,
2002, by and among the Issuing Entity, Indenture Trustee and Collateral Agent, as amended, supplemented or otherwise modified. 

“Original Transferor” means Chase USA, as transferor under the Amended and Restated Transfer and Servicing Agreement, the
Second Amended and Restated Transfer and Servicing Agreement, and the Third Amended and Restated Transfer and Servicing Agreement. 

“Prefunding Excess Amount” has, with respect to any Series, Class or Tranche of Asset Pool One Notes, the meaning specified
in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 
 “Principal Shortfalls”
has the meaning specified in the applicable Series Supplement for a Collateral Certificate. 
 “Proposed Principal Shortfall
Amount” has the meaning specified in Section 3.13. 
 “Reassignment” has the meaning specified in subsection
2.5(b)(ii). 
 “Remaining Series Available Principal Collections Shortfall” has, with respect to any Series of Asset Pool
One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 
 “Removal Cut-Off
Date” means, with respect to any Removed Asset Pool One Account, the date as of which the Receivables in such Removed Asset Pool One Account shall have been selected by the Issuing Entity for removal from Asset Pool One pursuant to
Section 2.5. 
 “Removal Date” has the meaning specified in subsection 2.5(a). 

“Removal Notice Date” has the meaning specified in subsection 2.5(a). 

“Removed Asset Pool One Accounts” has the meaning specified in subsection 2.5(a). 

“Responsible Officer” means any of the president, chief executive officer, chief financial officer, treasurer, secretary,
assistant secretary, or any vice president of the Servicer. 
 “Revolving Period” has, with respect to any Series, Class or
Tranche of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement with respect to such Series, Class or Tranche of Asset Pool One Notes. 

  
 12 

 “Risk Retention Requirements” means the final Credit Risk Retention rule (79 FR
77601) adopted by the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Securities and Exchange Commission and the Housing and Urban Development Department.

 “Second Amended and Restated Asset Pool One Supplement” means the Second Amended and Restated Asset Pool One Supplement,
dated as of December 19, 2007, by and among the Issuing Entity, Indenture Trustee and Collateral Agent, as amended, supplemented or otherwise modified. 

“Security Interest” means the security interest granted pursuant to the Granting Clause. 

“Secured Party” has the meaning specified in the Granting Clause of this Asset Pool One Supplement. 

“Series” means, with respect to any Note, the series specified in the applicable Indenture Supplement. 

“Series Available Principal Collections Shortfall” has, with respect to any Series of Asset Pool One Notes, the meaning
specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 
 “Servicer” means Chase USA, in
its capacity as Servicer pursuant to the Transfer and Servicing Agreement. 
 “Shared Excess Available Principal
Collections” has, with respect to any Series of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 

“Successor Servicer” has the meaning specified in subsection 10.02(a) of the Transfer and Servicing Agreement. 

“Supplemental Bank Account” means the trust account or accounts designated as such and established pursuant to subsection
5.1(a)(i). 
 “Targeted Interest Deposit Amount” has, with respect to any Series, Class or Tranche of Asset Pool One Notes,
the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 
 “Targeted
Principal Deposit Amount” has, with respect to any Series, Class or Tranche of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 

“Third Amended and Restated Indenture” means the Third Amended and Restated Indenture, dated as of December 19, 2007, as
amended by the first Amendment thereto, dated as of July 9, 2013, and the Second Amendment thereto, dated as of December 20, 2013, each by and between the Issuing Entity and the Indenture Trustee. 

  
 13 

 “Transfer and Servicing Agreement” means the Fourth Amended and Restated
Transfer and Servicing Agreement, dated as of     , 2016, by and among Chase USA, as Servicer and Administrator, Chase Card Funding, as Transferor, the Issuing Entity and the Indenture Trustee. 

“Transferor” means (a) prior to the date hereof, the Original Transferor and (b) on or after the date hereof, Chase
Card Funding or its successors or assigns under the Transfer and Servicing Agreement. 
 “Transferor Certificate” means,
for Asset Pool One, if the Transferor elects to evidence its interest in the Transferor Interest in certificated form, the certificate executed by the Issuing Entity and authenticated by the Indenture Trustee, substantially in the form set forth as
Exhibit A; provided, that as used herein and in any Indenture Supplement “Transferor Certificate” means either a certificate executed and delivered by the Issuing Entity and authenticated by the Indenture Trustee substantially in
the form of Exhibit A or the uncertificated interest in the Transferor Interest. 
 “Transferor Interest” means, with
respect to Asset Pool One, the interest in Asset Pool One not represented by the issued and Outstanding Asset Pool One Notes. 

“Trust” means the Chase Issuance Trust, a Delaware statutory trust. 

“Wells Fargo” means Wells Fargo Bank, National Association, a national banking association. 

Section 1.2 Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for
convenience only and will not affect the construction hereof. 
 Section 1.3 Successors and Assigns. All covenants and
agreements in this Asset Pool One Supplement by the Issuing Entity will bind its successors and assigns, whether so expressed or not. All covenants and agreements of the Collateral Agent in this Asset Pool One Supplement shall bind the successors
and agents of the Collateral Agent. 
 Section 1.4 Separability. In case any provision in this Asset Pool One Supplement will be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 1.5 Governing Law. THIS ASSET POOL ONE SUPPLEMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

Section 1.6 Counterparts. This Asset Pool One Supplement may be executed in any number of counterparts, each of which so executed
will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 

  
 14 

 [END OF ARTICLE I] 

  
 15 

 ARTICLE II 

COLLATERAL 
 Section 2.1
Initial Collateral. By execution of each Initial Asset Pool One Account Assignment, the Issuing Entity included the Receivables existing on the applicable Cut-Off Date or thereafter created in the Accounts designated thereby, all Interchange
and Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and the “proceeds” (including “proceeds” as defined in the applicable UCC) thereof and Insurance Proceeds
relating thereto. 
 Section 2.2 [Reserved] 

Section 2.3 Increases in the Invested Amount of an Existing Asset Pool One Collateral Certificate. 

(a) The Invested Amount of any existing Asset Pool One Collateral Certificate may be increased by the Transferor on any Business Day in
connection with: 
 (i) the issuance of an additional Series, Class or Tranche of Asset Pool One Notes; or 

(ii) the increase of the Asset Pool One Transferor Amount. 

(b) In connection with any increase in the Invested Amount of an existing Asset Pool One Collateral Certificate, such increase shall either be
funded from the proceeds of the issuance of an additional Series, Class or Tranche of Asset Pool One Notes or be funded by the Transferor (which funding may be in cash or through an increase in the Transferor Interest for Asset Pool One). 

(c) Notwithstanding any other provision of this Asset Pool One Supplement, with respect to any Monthly Period, the Invested Amount of an
existing Asset Pool One Collateral Certificate shall not be increased if (i) an Early Amortization Event shall have occurred with respect to any Asset Pool One Notes as a result of a failure to add Collateral to Asset Pool One or a failure to
increase the Invested Amount of an existing Asset Pool One Collateral Certificate at a time when the Asset Pool One Pool Balance for the prior Monthly Period is less than the Asset Pool One Minimum Pool Balance for such prior Monthly Period and
(ii) increasing the Invested Amount of or reinvesting in an existing Asset Pool One Collateral Certificate would result in a reduction in the allocation percentage applicable for principal collections for such existing Asset Pool One Collateral
Certificate. 
 Section 2.4 Addition of Collateral. 

(a) Required Additions. 

(i) If, (A) as determined on any Determination Date, the Asset Pool One Transferor Amount for the prior Monthly Period is
less than the Asset Pool One Required Transferor Amount for such prior Monthly Period, the Issuing Entity shall (1)

  
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designate Receivables in additional Accounts for inclusion in Asset Pool One, (2) designate one or more additional Collateral Certificates for inclusion in Asset Pool One (each, an
“Additional Asset Pool One Collateral Certificate”) or (3) increase the Invested Amount of one or more existing Asset Pool One Collateral Certificates pursuant to Section 2.3 in a sufficient amount such that, after giving
effect to such addition or increase, the Asset Pool One Transferor Amount for the prior Monthly Period would have been at least equal to the Asset Pool One Required Transferor Amount for such prior Monthly Period, or (B) as determined on any
Determination Date, the Asset Pool One Pool Balance for the prior Monthly Period is less than the Asset Pool One Minimum Pool Balance for such prior Monthly Period, the Issuing Entity shall (1) designate Receivables in Additional Asset Pool One
Accounts for inclusion in Asset Pool One, (2) designate one or more Additional Asset Pool One Collateral Certificates for inclusion in Asset Pool One or (3) increase the Invested Amount of one or more existing Asset Pool One Collateral
Certificates pursuant to Section 2.3 in a sufficient amount such that, after giving effect to such addition or increase, the Asset Pool One Pool Balance would have been equal to or greater than the Asset Pool One Minimum Pool Balance for such
prior Monthly Period; provided, however, that in the event of a Servicer Rating Event, the Asset Pool One Transferor Amount and the Asset Pool One Pool Balance will be determined on a daily basis in accordance with a method to be determined by the
Transferor, subject to satisfaction of the Note Rating Agency Condition. 
 Any increase in the Invested Amount of one or
more existing Asset Pool One Collateral Certificates shall occur and/or designation of Receivables in any Additional Asset Pool One Accounts and/or one or more Additional Asset Pool One Collateral Certificates to be transferred to the Trust and
designated for inclusion in Asset Pool One shall be transferred to the Trust and designated for inclusion in Asset Pool One, as applicable, on or before the thirtieth Business Day following such Determination Date (such date, in connection with the
addition of Additional Asset Pool One Accounts or one or more Additional Asset Pool One Collateral Certificates, the “Addition Date” and in connection with the increase of an existing Asset Pool One Collateral Certificate, the
“Increase Date”); provided, however, that in the event of a Servicer Rating Event, any such Addition Date or Increase Date shall be on or before the tenth Business Day following such Determination Date. The failure of
the Transferor to increase the Asset Pool One Transferor Amount or the Asset Pool One Pool Balance as provided in this clause (i) solely as a result of the unavailability to the Transferor of a sufficient amount of Additional Asset Pool One
Accounts and/or any Additional Asset Pool One Collateral Certificates and/or the inability to increase the Invested Amount of one or more existing Asset Pool One Collateral Certificates shall not constitute a breach of this Asset Pool One Supplement
or the Transfer and Servicing Agreement; provided that any such failure which has not been timely cured may nevertheless result in the occurrence of an Early Amortization Event. 

(ii) Any Additional Asset Pool One Accounts or Additional Asset Pool One Collateral Certificates designated to be included in
Asset Pool One pursuant to clause (i) above may only be so included if the applicable conditions specified in subsection (c) below have been satisfied. 

  
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 (b) Permitted Additions. 

(i) In addition to its obligation under subsection 2.4(a), the Issuing Entity may, but shall not be obligated to, subject to
the conditions in paragraph (c) below, (x) designate from time to time Receivables in Additional Asset Pool One Accounts to be included as Collateral, and/or one or more Additional Asset Pool One Collateral Certificates to be included as
Collateral and (y) increase the Invested Amount of existing Asset Pool One Collateral Certificates. Such additional Collateral shall be transferred to the Issuing Entity and designated for inclusion in Asset Pool One on the Addition Date or the
Increase Date, as applicable. 
 (ii) On any Business Day, consideration in the form of cash will be applied or an increase
in the Asset Pool One Transferor Amount will be effected in connection with any increase in the Collateral. 
 (c) Conditions to
Additions. On each Addition Date with respect to any Additional Asset Pool One Accounts and/or one or more Additional Asset Pool One Collateral Certificates, the applicable Receivables in Additional Asset Pool One Accounts (and such Additional
Asset Pool One Accounts shall be deemed to be Accounts for purposes of this Asset Pool One Supplement) or the applicable Additional Asset Pool One Collateral Certificates existing as of the close of business on the applicable Addition Date shall be
designated as additional Collateral, subject to the satisfaction of the following conditions (which shall not apply with respect to any increase in the Invested Amount of any existing Asset Pool One Collateral Certificate except as specified in
clause (ii) below): 
 (i) all of the requirements for the addition of Accounts set forth under subsection 2.12(c) of
the Transfer and Servicing Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and Servicing Agreement to be made on each Addition Date shall be accurate in all
material respects on such Addition Date; 
 (ii) on or before the third Business Day prior to the Addition Date or the
Increase Date, as applicable, with respect to additions or increases pursuant to subsection 2.4(a) and on or before the fifth Business Day prior to the Addition Date with respect to additions pursuant to subsection 2.4(b) (the “Notice
Date”), the Issuing Entity shall have delivered to the Indenture Trustee, the Collateral Agent, each Note Rating Agency and the Servicer written notice (unless such notice requirement is otherwise waived) that such additional Collateral
will be designated for inclusion in Asset Pool One, or an increased Invested Amount of an existing Asset Pool One Collateral Certificate will be designated for inclusion in the Collateral (the latter notice requirement shall only apply to increases
made pursuant to subsection 2.4(a); provided, however, that notice shall be delivered to the Collateral Agent in connection with any increase in the Invested Amount of an existing Asset Pool One Collateral Certificate on or prior to
the relevant Increase Date) which notice shall specify, as applicable, (x) the approximate aggregate amount of the Principal Receivables to be designated for inclusion in Asset Pool One, (y) the Invested Amount of the Additional Asset Pool
One Collateral Certificates to be designated for inclusion in Asset Pool One or (z) the amount by which 

  
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the Invested Amount of an existing Asset Pool One Collateral Certificate is to be increased, as well as the applicable Addition Date or Increase Date and, in connection with the Additional Asset
Pool One Accounts, the Addition Cut-Off Date; 
 (iii) as of the applicable Addition Cut-Off Date, each Additional Asset
Pool One Account is an Eligible Account; 
 (iv) as of the applicable Addition Date, each Additional Asset Pool One
Collateral Certificate is an Eligible Collateral Certificate; 
 (v) on or before the Addition Date with respect to
Additional Asset Pool One Accounts and the Receivables arising thereunder, the Issuing Entity shall have delivered to the Collateral Agent and the Servicer a written assignment (including an acceptance by the Collateral Agent for the benefit and
security of the Asset Pool One Noteholders and the other Secured Parties) in substantially the form of Exhibit B (the “Account Assignment”) and the Issuing Entity shall have, within five Business Days after the Addition Date,
delivered to the Collateral Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a computer file, microfiche list, CD-ROM or such other form as is agreed upon between the Transferor and the
Collateral Agent) of all Additional Asset Pool One Accounts, identified by account number and the aggregate amount of the Receivables in each Additional Asset Pool One Account as of the Addition Cut-Off Date, which list shall, as of the Addition
Date, modify and amend and be incorporated into and made a part of such Account Assignment and this Asset Pool One Supplement; 

(vi) on or before the Addition Date with respect to any Additional Asset Pool One Collateral Certificates, the Issuing Entity
shall have delivered to the Collateral Agent and the Servicer a written assignment in substantially the form of Exhibit C (the “Collateral Certificate Assignment”) and each Collateral Certificate shall be registered in the name of
and shall be delivered to the Collateral Agent in accordance with Section 4.14; 
 (vii) as of each of the Addition
Cut-Off Date and the Addition Date, no Insolvency Event with respect to the Account Owner, the Transferor or the Issuing Entity shall have occurred nor shall the transfer to Asset Pool One of the Receivables arising in the Additional Asset Pool One
Accounts or of any Additional Asset Pool One Collateral Certificate, as applicable, have been made in contemplation of the occurrence thereof; 

(viii) the designation for inclusion in Asset Pool One of the Receivables arising in the Additional Asset Pool One Accounts or
of any Additional Asset Pool One Collateral Certificates shall not, in the reasonable belief of the Issuing Entity, result in an Adverse Effect; 

(ix) if, with respect to any three-month period or with respect to any twelve-month period, the aggregate number of Additional
Asset Pool One Accounts designated to have their Receivables added to the Trust shall exceed the applicable 

  
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Aggregate Addition Limit, the Issuing Entity shall have received notice from each Note Rating Agency that the inclusion pursuant to subsection 2.4(b) of such Additional Asset Pool One Accounts in
Asset Pool One in excess of the applicable Aggregate Addition Limit will not result in the reduction or withdrawal of its then existing rating of any Series, Class or Tranche of Asset Pool One Notes then issued and Outstanding and shall have
delivered such notice to the Collateral Agent; 
 (x) if so notified by any Note Rating Agency on or before the second
Business Day prior to the Addition Date with respect to additions of Additional Asset Pool One Collateral Certificates pursuant to subsection 2.4(a) or on or before the fourth Business Day prior to the Addition Date with respect to additions of
Additional Asset Pool One Collateral Certificates pursuant to subsection 2.4(b) that such Note Rating Agency has elected to impose a Note Rating Agency Condition with respect to the addition of an Additional Asset Pool One Collateral Certificate,
the Issuing Entity shall have received notice from such Note Rating Agency on or prior to the applicable Addition Date that the Note Rating Agency Condition shall have been satisfied with respect to such Note Rating Agency and the Issuing Entity
shall have delivered such notice to the Collateral Agent; and 
 (xi) the Issuing Entity shall have delivered to the
Collateral Agent an Officer’s Certificate, dated the Addition Date, confirming, to the extent applicable, the items set forth in clauses (iii) through (x) above. 

Section 2.5 Removal of Accounts. 

(a) Subject to the conditions set forth below, the Issuing Entity may, but shall not be obligated to, designate certain Asset Pool One
Accounts (the “Removed Asset Pool One Accounts”) the Asset Pool One Receivables in which will be removed from the Collateral. On or before the fifth Business Day (the “Removal Notice Date”) prior to the date on
which the Asset Pool One Receivables from the designated Removed Asset Pool One Accounts will be removed from the Collateral (the “Removal Date”), the Issuing Entity shall give the Indenture Trustee, the Owner Trustee, the
Collateral Agent, the Servicer and each Note Rating Agency written notice that the Asset Pool One Receivables from such Removed Asset Pool One Accounts are to be removed from the Collateral. 

(b) The Issuing Entity shall be permitted to designate Removed Asset Pool One Accounts and remove the related Asset Pool One Receivables from
the Collateral only upon satisfaction of the following conditions: 
 (i) the removal of any Asset Pool One Receivables of
any Removed Asset Pool One Accounts on any Removal Date shall not, in the reasonable belief of the Issuing Entity, cause an Adverse Effect or the Asset Pool One Transferor Amount to be less than the Asset Pool One Required Transferor Amount or the
Asset Pool One Pool Balance to be less than the Asset Pool One Minimum Pool Balance for the Monthly Period in which such removal occurs; 

  
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 (ii) on or prior to the Removal Date, the Issuing Entity shall have delivered to
the Collateral Agent for execution a written assignment in substantially the form of Exhibit D (the “Reassignment”) and, within five Business Days after the Removal Date, the Issuing Entity shall have delivered to the Collateral
Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a computer file, microfiche list, CD-ROM or such other form as is agreed upon between the Transferor and the Collateral Agent) of all
Removed Asset Pool One Accounts, identified by account number and the aggregate amount of the Asset Pool One Receivables in each Removed Asset Pool One Account as of the Removal Cut-Off Date, which list shall, as of the Removal Date, modify and
amend and be incorporated into and made a part of this Asset Pool One Supplement; 
 (iii) the Servicer shall represent and
warrant that (x) a random selection procedure was used by the Servicer in selecting the Removed Asset Pool One Accounts and only one such removal of randomly selected Asset Pool One Accounts shall occur in the then current Monthly Period,
(y) the Removed Asset Pool One Accounts arose pursuant to an affinity, private-label, agent-bank, co-branding or other arrangement with a third party that has been cancelled by such third party or has expired without renewal and which by its
terms permits the third party to repurchase the Removed Asset Pool One Accounts subject to such arrangement, upon such cancellation or non-renewal and the third party has exercised such repurchase right or (z) the Removed Asset Pool One
Accounts were selected using another method that will not preclude transfers from satisfying the conditions for sale accounting treatment under generally accepted accounting principles in effect for reporting periods before November 15, 2009;

 (iv) on or prior to the Removal Date, if such removal is pursuant to subsection 2.5(b)(iii)(z), the Note Rating Agency
Condition shall have been satisfied; and 
 (v) (A) the Issuing Entity shall have delivered to the Collateral Agent an
Officer’s Certificate confirming the items set forth in clauses (i) and (ii) above and (B) the Servicer shall have delivered to the Collateral Agent an Officer’s Certificate confirming the items set forth in clauses
(iii) and (iv) above. The Indenture Trustee and the Collateral Agent may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the matters set forth therein and shall incur no liability
in so relying. 
 Upon satisfaction of the above conditions, the Collateral Agent shall execute and deliver the Reassignment to the Issuing
Entity, and the Asset Pool One Receivables from the Removed Asset Pool One Accounts shall no longer constitute a part of the Collateral. Thereafter, such Accounts shall be removed from the Trust pursuant to Section 2.13 of the Transfer and
Servicing Agreement. 
 Section 2.6 Account Allocations. In the event that the Issuing Entity is unable for any reason to
designate Asset Pool One Receivables for inclusion in Asset Pool One in accordance with the provisions of this Asset Pool One Supplement (including by reason of a 

  
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Transfer Restriction Event), then, in any such event, (a) the Issuing Entity and the Servicer agree (except as prohibited by any such order) to allocate and pay to Asset Pool One, after the
date of such inability, all Collections, including Collections of Principal Receivables and Finance Charge Receivables designated for inclusion in Asset Pool One prior to the occurrence of such event, and all amounts which would have constituted
Collections with respect to Principal Receivables and Finance Charge Receivables but for the Issuing Entity’s inability to designate such Asset Pool One Receivables (up to the lesser of the amount of such insufficiency or an aggregate amount
equal to the amount of Principal Receivables and Finance Charge Receivables in Asset Pool One on such date transferred to Asset Pool One by the Issuing Entity), (b) the Issuing Entity and the Servicer agree that such amounts will be applied as
Collections in accordance with the terms hereof and the terms of each Indenture Supplement and (c) for only 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 Finance Charge Receivables (and all amounts which would have constituted Principal Receivables and Finance Charge Receivables but for the Issuing Entity’s inability
to designate Asset Pool One Receivables for inclusion in Asset Pool One) which are charged off as uncollectible in accordance with this Asset Pool One Supplement shall continue to be allocated in accordance with the terms hereof and of each
Indenture Supplement and all amounts that would have constituted Principal Receivables but for the Issuing Entity’s inability to designate Asset Pool One Receivables for inclusion in Asset Pool One shall be deemed to be Principal Receivables
for the purpose of calculating the applicable Noteholder Percentage with respect to Principal Receivables with respect to any Series, Class or Tranche secured by the Asset Pool One Receivables. For the purpose of the immediately preceding sentence,
the Issuing Entity and the Servicer shall treat the first received Collections with respect to the Asset Pool One Accounts as allocable to Asset Pool One until Asset Pool One shall have been allocated and paid Collections in an amount equal to the
aggregate amount of Principal Receivables in Asset Pool One as of the date of the occurrence of such event. If the Issuing Entity and the Servicer are unable pursuant to any Requirements of Law to allocate Collections as described above, the Issuing
Entity and the Servicer agree that, after the occurrence of such event, payments on each Asset Pool One Account with respect to the principal balance of such Asset Pool One Account shall be allocated first to the oldest principal balance of such
Asset Pool One Account and shall have such payments applied as Collections in accordance with the terms hereof and of each Indenture Supplement. The parties hereto agree that Asset Pool One Finance Charge Receivables, whenever created, accrued in
respect of Principal Receivables which have been conveyed to Asset Pool One, or that would have been conveyed to Asset Pool One but for the above described inability to designate such Asset Pool One Receivables, shall continue to be a part of Asset
Pool One notwithstanding any cessation of the transfer of additional Principal Receivables to Asset Pool One and Collections with respect thereto shall continue to be allocated and paid in accordance with the terms hereof and of each Indenture
Supplement. 
 Section 2.7 Discount Receivables. 

(a) In the event the Transferor, pursuant to the Transfer and Servicing Agreement, opts to designate at any time and from time to time the
Yield Factor of all or any specified portion of Gross Principal Receivables outstanding in Asset Pool One on any date of determination and subsequently created to be treated as Discount Receivables and included in Finance Charge Receivables, such
designation shall be applicable under this Asset Pool One 

  
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Supplement and each Indenture Supplement. Subject to the conditions specified in the Transfer and Servicing Agreement, the Yield Factor may, without notice to or the consent of any Noteholder in
Asset Pool One, from time to time, be increased, reduced or eliminated on or after such Discount Option Date; provided, however, that on each Discount Option Date after a change in Yield Factor, the Transferor shall apply the new Yield Factor to all
or the portion of the Gross Principal Receivables outstanding in Asset Pool One which are to be treated as Discount Receivables. 
 (b)
After the Discount Option Date, Discount Receivables Collections with respect to Asset Pool One Receivables shall be treated as Asset Pool One Finance Charge Collections. 

Section 2.8 Recording, Etc. 

(a) The Issuing Entity intends the Security Interest granted pursuant to this Asset Pool One Supplement in favor of the Collateral Agent to be
prior to all other liens in respect of the Collateral. Subject to Section 2.9, the Issuing Entity will take all actions necessary to obtain and maintain a perfected lien on and security interest in the Collateral in favor of the Collateral
Agent. The Issuing Entity will from time to time execute, authorize and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, all as
prepared by the Issuing Entity, and will take such other action necessary or advisable to: 
 (i) grant a Security Interest
more effectively in all or any portion of the Collateral; 
 (ii) maintain or preserve the Security Interest (and the
priority thereof) created by this Asset Pool One Supplement or carry out more effectively the purposes hereof; 
 (iii)
perfect, publish notice of or protect the validity of any grant made or to be made by this Asset Pool One Supplement; 

(iv) enforce each Asset Pool One Collateral Certificate, the Asset Pool One Receivables, any Derivative Agreements, any
Supplemental Credit Enhancement Agreements and any Supplemental Liquidity Agreements and each other instrument or agreement designated for inclusion in the Collateral; 

(v) preserve and defend title to the Collateral and the rights of the Collateral Agent in the Collateral against the claims of
all persons and parties; or 
 (vi) pay all taxes or assessments levied or assessed upon the Collateral when due. 

(b) The Issuing Entity will from time to time promptly pay and discharge all financing and continuation statement recording and/or filing
fees, charges and taxes relating to this Asset Pool One Supplement, any amendments hereto and any other instruments of further assurance. The Issuing Entity hereby designates the Servicer its agent and attorney-in-fact to authorize upon the Issuing
Entity’s failure to do so, any financing statement, continuation statement or other instrument required by the Collateral Agent pursuant to this Section. 

  
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 (c) Without limiting the generality of clause (a)(ii) or (a)(iii): 

(i) The Issuing Entity will cause this Asset Pool One Supplement, all amendments and supplements hereto and/or all financing
statements and continuation statements and any other necessary documents covering the Collateral Agent’s right, title and interest in and to the Collateral 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 Collateral Agent in and to all property comprising the Collateral. The Issuing Entity will
deliver to the Collateral Agent 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. 

(ii) Within 30 days after the Issuing Entity makes any change in its name, identity or corporate structure which would make
any financing statement or continuation statement filed in accordance with paragraph (d) below seriously misleading within the meaning of Section 9-506 (or any comparable provision) of the UCC, the Issuing Entity will give the Collateral
Agent notice of any such change and will file such financing statements or amendments as may be necessary to continue the perfection of the Collateral Agent’s interest in the Collateral. 

(d) The Issuing Entity will give the Collateral Agent prompt notice of any relocation of its state of location, and any change in the
jurisdiction of its organization, and whether, as a result of such relocation or change, the applicable provision of the UCC would require the filing of any amendment of any previously filed financing or continuation statement or of any new
financing statement and will file such financing statements or amendments as may be necessary to perfect or to continue the perfection of the Collateral Agent’s security interest in the Collateral. The Issuing Entity will at all times maintain
its chief executive office within the United States. 
 (e) The duty of the Collateral Agent to execute or authorize any instrument required
pursuant to this Section will arise only if the Collateral Agent has actual knowledge of the type described in subsection 6.01(c) of the Indenture of any default of the Issuing Entity in complying with the provisions of this Section. 

Section 2.9 Trust Indenture Act Requirements. The release of any Collateral from the lien created by this Asset Pool One
Supplement or the release, in whole or in part, of the liens on all Collateral, will not be deemed to impair the Security Interest in contravention of the provisions hereof if and to the extent the Collateral or liens are released pursuant to the
terms hereof. The Collateral Agent and the Indenture Trustee, each in its individual capacity, and each of the Asset Pool One Noteholders are hereby deemed to acknowledge that a release of Collateral securing an Asset Pool or liens strictly in
accordance with the terms hereof will not be deemed for any purpose to be an impairment of the remaining Security Interests in contravention of the terms of this Asset Pool One Supplement. To the extent applicable, the Issuing Entity will

  
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cause Section 314(d) of the Trust Indenture Act relating to the release of property or securities from the liens hereof to be complied with. Any certificate or opinion required by
Section 314(d) of the Trust Indenture Act may be made by an officer of the Issuing Entity, except in cases in which Section 314(d) of the Trust Indenture Act requires that such certificate or opinion be made by an independent person. 

Section 2.10 Suits To Protect the Collateral. Subject to the provisions of this Asset Pool One Supplement, the Collateral Agent
will have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of this Asset Pool One Supplement, and such suits and
proceedings as the Collateral Agent may deem expedient to preserve or protect the interests of the Asset Pool One Noteholders and the interests of the Indenture Trustee and the Collateral Agent, each in its individual capacity, in the Collateral
(including power to institute and maintain suits or proceedings to restrain the enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of,
or compliance with, such enactment, rule or order would impair the Security Interest or be prejudicial to the interests of the Asset Pool One Noteholders, the Indenture Trustee or the Collateral Agent). No counterparties to a Derivative Agreement,
Supplemental Credit Enhancement Agreement or Supplemental Liquidity Agreement may direct the Collateral Agent to enforce the Security Interest. Each Derivative Counterparty’s, Supplemental Credit Enhancement Provider’s and Supplemental
Liquidity Provider’s rights consist solely of the right to receive Collections allocated for such party’s benefit pursuant to the related Indenture Supplement. 

Section 2.11 Purchaser Protected. In no event will any purchaser in good faith of any property purported to be released hereunder
be bound to ascertain the authority of the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the application of any
consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any obligation to ascertain or inquire into the authority of the Issuing
Entity or any other obligor, as applicable, to make any such sale or other transfer. 
 Section 2.12 Powers Exercisable by Receiver
or Collateral Agent. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article II upon the Issuing Entity or any other obligor, as applicable, with respect to the
release, sale or other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuing Entity or any other
obligor, as applicable, or of any officer or officers thereof required by the provisions of this Article II. 
 Section 2.13
Determinations Relating to Collateral. In the event (i) the Collateral Agent or the Indenture Trustee shall receive any written request from the Issuing Entity or any other obligor for consent or approval with respect to any matter or
thing relating to any Collateral or the Issuing Entity’s or any other obligor’s obligations with respect thereto or (ii) there shall be due to or from the Collateral Agent or the Indenture Trustee under the provisions hereof any
performance or the delivery of any instrument or (iii) the Collateral Agent 

  
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or the Indenture Trustee shall become aware of any nonperformance by the Issuing Entity or any other obligor of any covenant or any breach of any representation or warranty of the Issuing Entity
or any other obligor set forth in this Asset Pool One Supplement, then, in each such event, the Collateral Agent or the Indenture Trustee, as applicable, shall be entitled to hire experts, consultants, agents and attorneys to advise the Collateral
Agent or the Indenture Trustee, as applicable, on the manner in which the Collateral Agent or the Indenture Trustee, as applicable, should respond to such request or render any requested performance or response to such nonperformance or breach (the
expenses of which will be reimbursed to the Collateral Agent or the Indenture Trustee, as applicable, pursuant to Section 4.6). Each of the Collateral Agent and the Indenture Trustee will be fully protected in the taking of any action
recommended or approved by any such expert, consultant, agent or attorney or agreed to by Holders of more than 66 2⁄3% of the Outstanding Dollar Principal
Amount of the Outstanding Asset Pool One Notes. 
 Section 2.14 Release of all Collateral. 

(a) Subject to the payment of its fees and expenses pursuant to Section 4.6, the Collateral Agent shall, at the request of the Issuing
Entity or when otherwise required by the provisions of this Asset Pool One Supplement, execute instruments to release property from the lien of this Asset Pool One Supplement, or convey the Collateral Agent’s interest (which is held by the
Collateral Agent for the benefit of the Asset Pool One Noteholders) in the same, in a manner and under circumstances which are not inconsistent with the provisions of this Asset Pool One Supplement. No party relying upon an instrument executed by
the Collateral Agent as provided in this Article II will be bound to ascertain the Collateral Agent’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any funds. 

(b) Upon delivery of an Officer’s Certificate certifying that the Issuing Entity’s obligations under the Indenture and this Asset
Pool One Supplement have been satisfied and discharged by complying with the provisions of this Article II, the Collateral Agent shall (i) execute and deliver such releases, termination statements and other instruments (in recordable form,
where appropriate) as the Issuing Entity or any other obligor, as applicable, may reasonably request evidencing the termination of the Security Interest created by this Asset Pool One Supplement and (ii) not be deemed to hold the Security
Interest for the benefit of itself, the Indenture Trustee, the Asset Pool One Noteholders, any applicable Derivative Counterparty, any applicable Supplemental Credit Enhancement Provider or any applicable Supplemental Liquidity Provider. 

(c) The Transferor and the Asset Pool One Noteholders shall be entitled to receive at least 10 days written notice when the Collateral Agent
proposes to take any action pursuant to clause (a), accompanied by copies of any instruments involved, and the Collateral Agent shall also be entitled to require, as a condition to such action, an Opinion of Counsel, stating the legal effect of any
such action, outlining the steps required to complete the same, and concluding that all conditions precedent to the taking of such action have been complied with. Counsel rendering any such opinion may rely, without independent investigation, on the
accuracy and validity of any certificate or other instrument delivered to the Collateral Agent in connection with any such action. 

  
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 Section 2.15 Certain Actions by Collateral Agent. Any action taken by the Collateral
Agent pursuant to this Article in respect of the release of any or all of the Collateral will be taken by the Collateral Agent as its interest in such Collateral may appear, and no provision of this Article II is intended to, or will, excuse
compliance with any provision hereof. 
 Section 2.16 Opinions as to Collateral. 

(a) On the Effective Date, the Issuing Entity shall furnish to the Collateral Agent an Opinion of Counsel either stating that, in the opinion
of such counsel, such action has been taken with respect to the recording and filing of this Asset Pool One Supplement, any amendments, supplements or modifications hereto and any other requisite documents and with respect to the execution and
filing of any financing statements and continuation statements, as are necessary to perfect and maintain the perfection of the Security Interest granted by this Asset Pool One Supplement in favor of the Collateral Agent and reciting the details of
such action, or stating that, in the opinion of such counsel, no such action is necessary to make such lien and security interest perfected. 

(b) On or before April 30 in each calendar year, the Issuing Entity shall furnish to the Collateral Agent an Opinion of Counsel with
respect to each UCC financing statement which has been filed by the Issuing Entity either stating that, (i) in the opinion of such counsel, such action has been taken with respect to the recording, filing, re-recording and refiling of this
Asset Pool One Supplement, any amendments, supplements or modifications hereto and any other requisite documents and with respect to the execution and filing of any financing statements and continuation statements as is necessary to maintain the
first priority lien and Security Interest created by this Asset Pool One Supplement and reciting the details of such action or (ii) in the opinion of such counsel no such action is necessary to maintain such lien and Security Interest. Such
Opinion of Counsel will also describe the recording, filing, re-recording and refiling of this Asset Pool One Supplement, any amendments, supplements or modifications hereto and any other requisite documents and the execution and filing of any
financing statements and continuation statements that will, in the opinion of such counsel, be required to maintain the lien and Security Interest of this Asset Pool One Supplement until April 30 in the following calendar year. 

Section 2.17 Delegation of Duties. Until this appointment is rescinded by the Issuing Entity, the Issuing Entity hereby appoints
Chase USA, as Administrator, to assist it in its performance of its duties under this Asset Pool One Supplement. In addition, the Issuing Entity may contract with or appoint other Persons (including Chase USA and its Affiliates) to assist it in
performing its duties under this Asset Pool One Supplement. Any performance of duties by a Person who is identified to the Collateral Agent and the Indenture Trustee in an Officer’s Certificate will be deemed to be action taken by the Issuing
Entity. 
 Section 2.18 Issuing Entity’s Representations and Warranties. As of each Issuance Date, the Issuing Entity shall
make the following representations and warranties to the Collateral Agent. Such representations and warranties shall survive until the termination of this Asset Pool One Supplement. Such representations and warranties shall not be waived by any of
the parties to this Asset Pool One Supplement unless the Note Rating Agency Condition shall have been satisfied with respect to such waiver. 

  
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 (a) At the time of the granting of the security interest in the Collateral, the Issuing Entity
owned and had good marketable title to the Collateral free and clear of any Lien (other than any Lien for municipal or other local taxes if such taxes were not then due and payable or if the Issuing Entity was then contesting the validity thereof in
good faith by appropriate proceedings and had set aside on its books and records adequate reserves with respect thereto), claim or encumbrance of any Person. 

(b) This Asset Pool One Supplement creates a valid and continuing security interest (as defined in the applicable UCC) in the Collateral in
favor of the Collateral Agent, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Issuing Entity. 

(c) The Issuing Entity has caused or will have caused within ten days of the granting of the security interest in any portion of the
Collateral, 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 Collateral granted to the Collateral Agent hereunder.

 (d) Other than the security interest granted to the Collateral Agent pursuant to this Asset Pool One Supplement or any other security
interest that has been terminated, the Issuing Entity has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed the Collateral; the Issuing Entity has not authorized the filing of and is not aware of any financing
statements against itself that include a description of collateral covering the Collateral other than any financing statement relating to the security interest granted to the Collateral Agent hereunder or that has been terminated; and the Issuing
Entity is not aware of any judgment or tax lien filings against itself. 
 (e) Each Asset Pool One Collateral Certificate constitutes a
“certificated security” within the meaning of the applicable UCC; the Issuing Entity has in its possession all original copies of the certificates that constitute such Asset Pool One Collateral Certificate; none of the certificates that
constitute or evidence such Asset Pool One Collateral Certificate have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than the Collateral Agent; and all financing statements filed or to
be filed against the Issuing Entity in favor of the Collateral Agent in connection herewith describing such Asset Pool One Collateral Certificate contain a statement to the following effect: “A purchase of or security interest in any collateral
described in this financing statement will violate the rights of the Collateral Agent.” 
 (f) Each Asset Pool One Receivable
constitutes an “account” within the meaning of the applicable UCC. 
 [END OF ARTICLE II] 

  
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 ARTICLE III 

COLLECTIONS, ALLOCATIONS, DEPOSITS AND PAYMENTS 

Section 3.1 Collections and Allocations. 

(a) The Servicer pursuant to the terms of the Transfer and Servicing Agreement (or, if the authority of the Servicer has been revoked pursuant
to Section 10.01 of the Transfer and Servicing Agreement, the Indenture Trustee, or, if a Successor Servicer has been appointed, the Successor Servicer) shall instruct the Collateral Agent to apply all funds on deposit in the Collection Account
as described in this Article III and in any Indenture Supplement for any Series. Except as otherwise provided in subsections 3.1(b) and 3.1(c) below, the Servicer pursuant to the terms of Transfer and Servicing Agreement shall deposit Collections
with respect to the Asset Pool One Receivables into the Collection Account for Asset Pool One 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 and shall deposit Collections received with respect to the Asset Pool One Collateral Certificates with respect to any Monthly Period into the Collection Account for Asset Pool One no later than the First Note Transfer Date in the next
succeeding Monthly Period. 
 (b) Subject to the express terms of any Indenture Supplement, but notwithstanding anything else in this Asset
Pool One Supplement, the Indenture or the Transfer and Servicing Agreement to the contrary, for as long as Chase USA remains the Servicer under the Transfer and Servicing Agreement and (i) no Servicer Rating Event shall have occurred and be
continuing or (ii) Chase USA obtains a guarantee or letter of credit covering risk of collection with respect to its deposit and payment obligations under the Transfer and Servicing Agreement (in form and substance satisfactory to each Note
Rating Agency) from a guarantor having a short-term credit rating of at least “A-1” from Standard & Poor’s or “P-1” from Moody’s or “F1” from Fitch (or such other rating below “A-1” or
“P-1” or, to the extent rated by Fitch, “F1,” as the case may be, which is acceptable to such Note Rating Agency), or (iii) the Note Rating Agency Condition will have been satisfied despite the Servicer’s inability to
satisfy the rating requirement specified in clause (i) or (ii) above, or (iv) for 5 Business Days following any reduction of any such rating or failure to satisfy the conditions specified in clause (i) or (ii) above, the
Servicer need not make the daily deposits of Collections into the Collection Account as provided in the preceding paragraph, but may make deposits in an amount equal to the net amount of such deposits and payments which would have been made with
respect to Asset Pool One Notes to receive payments on the related Payment Date had the conditions of this sentence not applied, into the Collection Account in immediately available funds not later than 1:00 p.m., New York City time, on each
applicable Note Transfer Date following the Monthly Period with respect to which such deposit relates. To the extent that, in accordance with this subsection 3.1(b), the Servicer has retained amounts which would otherwise be required to be deposited
into the Collection Account or any Supplemental Bank Account with respect to any Monthly Period, the Servicer shall be required to deposit such amounts in the Collection Account or such Supplemental Bank Account on the applicable Note Transfer Date
to the extent necessary to make required distributions on the related Payment Date. Notwithstanding anything in this Asset Pool One Supplement to the contrary, unless otherwise specified in the Indenture or any Indenture Supplement, the Servicer
need not deposit any amount allocated to be paid to the 

  
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Transferor pursuant to the Indenture, this Asset Pool One Supplement or any applicable Indenture Supplement into the Collection Account or any Supplemental Bank Account, but shall pay such
amounts as collected to the Transferor. 
 (c) Notwithstanding anything else in this Asset Pool One Supplement, the Indenture, the Indenture
Supplement thereto or the Transfer and Servicing Agreement to the contrary, with respect to any Monthly Period for which the Servicer is required to make daily deposits into the Collection Account or into any Supplemental Bank Account provided for
in any Indenture Supplement for any Series: 
 (i) the Servicer will only be required to deposit Collections (other than
Recoveries, which will be deposited in accordance with subsection 3.11(a), and the Interchange Amount, which will be deposited in accordance with subsection 3.11(b)) into the Collection Account or such Supplemental Bank Account no later than the
second Business Day following the Date of Processing in an amount equal to the lesser of: 
 (1) the amount required to be
deposited into the Collection Account or such Supplemental Bank Account on such Business Day pursuant to the terms of the Indenture, this Asset Pool One Supplement or any Indenture Supplement for any Series, and 

(2) the amount required to be distributed on or prior to the related Note Transfer Date to the extent necessary to make
required distributions on the related Payment Date of: 
 (A) interest and principal due to Holders of the Asset Pool One
Notes (including Asset Pool One Notes held by the Transferor, unless the Transferor is also the Servicer or an Affiliate of the Servicer) provided for in any Indenture Supplement for any Series, 

(B) the product of (x) the sum of the floating allocation percentages for each Series of Asset Pool One Notes and
(y) the Asset Pool One Servicing Fees due to the Servicer, but only if the Transferor is not also the Servicer or an Affiliate of the Servicer, 

(C) the product of (x) the sum of the floating allocation percentages for each Series of Asset Pool One Notes and
(y) the Asset Pool One Default Amount (excluding the amount allocable to the Transferor Interest), 
 (D) targeted
deposits to any reserve account designated and established pursuant to the Indenture Supplement for any Series, 
 (E)
amounts owed to applicable Derivative Counterparties, Supplemental Credit Enhancement Providers and Supplemental Liquidity Providers; and 

  
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 (F) any other amounts identified in any Indenture Supplement for any Series to
be paid to Holders of Asset Pool One Notes other than the Transferor, deposited in reserve accounts or other enhancement accounts or paid to third parties from Collections, 

and any such Collections not required to be deposited in the Collection Account shall be deposited in the Excess Funding Account to the extent
required pursuant to the terms of the Indenture, this Asset Pool One Supplement or any Indenture Supplement for any Series, and any remaining Collections shall be paid to the Transferor; and 

(ii) 

(1) if at any time prior to the related Note Transfer Date the amount of Collections deposited in the Collection Account with
respect to the related Monthly Period exceeds the amount required to be deposited pursuant to clause (i) above, the Servicer shall withdraw such excess from the Collection Account and immediately pay it to the Transferor, and 

(2) if at any time prior to the related Note Transfer Date the amount of Collections deposited in the Collection Account with
respect to the related Monthly Period is less than the amount required to be deposited pursuant to clause (i) above, the Transferor shall pay to the Servicer, and the Servicer shall deposit into the Collection Account, the amount of the
shortfall, but only to the extent of Collections previously paid to the Transferor with respect to such Monthly Period pursuant to this paragraph. 

(iii) For the avoidance of doubt, to the extent that the exact amount of the required deposits or distributions pursuant to
clauses (i)(A) and (i)(B) above are unknown, the Servicer will be allowed to make a good faith estimate of the respective amounts thereof subject to the adjustment provisions set forth in clauses (ii)(A) and (ii)(B) above. 

Section 3.2 Allocations of Finance Charge Collections and Default Amounts. 

(a) With respect to each Monthly Period, the Collateral Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool
One Notes an amount equal to the product of (i) the Noteholder Percentage for Asset Pool One Finance Charge Collections for such Monthly Period for such Series and (ii) the sum of the Asset Pool One Finance Charge Collections for such
Monthly Period and the investment earnings for such Monthly Period on amounts on deposit in the Collection Account and the Excess Funding Account established for the benefit of all Asset Pool One Notes. 

(b) With respect to each Monthly Period, the Collateral Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool
One Notes an amount equal to the product of (i) the Noteholder Percentage for the Asset Pool One Default Amount for such Monthly Period for such Series and (ii) the Asset Pool One Default Amount for such Monthly Period. 

  
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 Section 3.3 Allocations of Principal Collections. With respect to each Monthly
Period, the Collateral Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool One Notes an amount equal to the product of (i) the Noteholder Percentage for Asset Pool One Principal Collections for such Monthly
Period for such Series and (ii) the Asset Pool One Principal Collections for such Monthly Period. In addition, with respect to each Monthly Period, if there is a Remaining Series Available Principal Collections Shortfall for any Series of Asset
Pool One Notes, the Collateral Agent shall allocate to each such Series of Asset Pool One Notes a portion of Asset Pool One Collateral Certificate Principal Shortfall Payments for such Monthly Period in an amount equal to the Remaining Series
Available Principal Collections Shortfall for such Series in accordance with the applicable Indenture Supplement; provided, however, that if the aggregate amount of Asset Pool One Collateral Certificate Principal Shortfall Payments is less than the
aggregate Remaining Series Available Principal Collections Shortfall for all Series, then Asset Pool One Collateral Certificate Principal Shortfall Payments allocable to each Series shall equal the product of (A) the Asset Pool One Collateral
Certificate Principal Shortfall Payments for such Monthly Period and (B) a fraction, the numerator of which is the Remaining Series Available Principal Collections Shortfall for such Series and the denominator of which is the aggregate
Remaining Series Available Principal Collections Shortfall for all Series of Asset Pool One Notes for such Monthly Period. 

Section 3.4 Allocations of the Asset Pool One Servicing Fee. 

(a) As 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 a servicing fee (the “Asset Pool One Servicing Fee”). For each Monthly Period, the Asset Pool One Servicing Fee shall equal the sum of (i) the servicing fee amount for each Asset Pool One
Collateral Certificate, as specified in the related Series Supplement, and (ii) the Asset Pool One Receivables Servicing Fee. 
 (b)
With respect to each Monthly Period, the Collateral Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool One Notes an amount equal to the product of (i) the Asset Pool One Servicing Fee for such Monthly Period
and (ii) the Noteholder Percentage for the Asset Pool One Servicing Fee for such Monthly Period for such Series of Asset Pool One Notes. 

Section 3.5 Allocations of Amounts to the Excess Funding Account and Allocations of Amounts on Deposit in the Excess Funding
Account. With respect to each Monthly Period, if (i) the Asset Pool One Transferor Amount is, or as a result of a payment on the related First Note Transfer Date would become, less than the Asset Pool One Required Transferor Amount or
(ii) the Asset Pool One Pool Balance is, or as a result of a payment on the related First Note Transfer Date would become, less than the Asset Pool One Minimum Pool Balance, the Collateral Agent shall allocate or deposit pursuant to subsection
3.8(d) of this Asset Pool One Supplement to the Excess Funding Account an amount equal to the greater of the amount by which the Asset Pool One Transferor Amount would be less than the Asset Pool One Required Transferor Amount and the amount by
which the Asset Pool One Pool Balance would be less than the Asset Pool One Minimum Pool Balance, each determined with respect to the related Monthly Period. 

  
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 Amounts on deposit in the Excess Funding Account shall be treated as Shared Excess Available
Principal Collections and, to the extent required, allocated to each Series of Asset Pool One Notes in accordance with the applicable Indenture Supplement. Any remaining amounts on deposit in the Excess Funding Account in excess of the amount
required to be treated as Shared Excess Available Principal Collections for a Monthly Period shall be released to the holders of the Transferor Interest in Asset Pool One in accordance with the related Indenture Supplement to the extent that after
such release (A) the Asset Pool One Transferor Amount is equal to or greater than the Asset Pool One Required Transferor Amount and (B) the Asset Pool One Pool Balance is equal to or greater than the Asset Pool One Minimum Pool Balance.

 Section 3.6 Final Payment. Each Series, Class or Tranche of Asset Pool One Notes, as applicable, will be considered to be
paid in full in the manner set forth in the applicable Indenture Supplement. A Series, Class or Tranche of Asset Pool One Notes will be considered paid in full and the Holders of such Series, Class or Tranche of Asset Pool One Notes, as applicable,
will have no further right or claim, and the Issuing Entity will have no further obligation or liability for principal or interest with respect to such Series, Class or Tranche of Notes, as applicable, on the earliest to occur of: 

(a) the date of the payment in full of the Outstanding Dollar Principal Amount of and all accrued but unpaid interest and any additional
interest on that Series, Class or Tranche of Asset Pool One Notes, as applicable; 
 (b) the date on which the Outstanding Dollar Principal
Amount of such Asset Pool One Notes, after giving effect to all deposits, allocations, reallocations, sales of Collateral and payments to be made on such date, is reduced to zero, and all accrued but unpaid interest and any additional interest on
such Asset Pool One Notes is paid in full; 
 (c) the Legal Maturity Date of such Asset Pool One Notes, after giving effect to all deposits,
allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date; or 
 (d) the date of the payment
following the date on which a sale of Collateral has taken place with respect to that Series, Class or Tranche of Asset Pool One Notes, as described in the Indenture. 

Section 3.7 Payments within a Series, Class or Tranche. All payments of principal, interest or other amounts to Holders of the
Asset Pool One Notes of a Series, Class or Tranche will be made in accordance with the related Indenture Supplement. 
 Section 3.8
Allocations of Finance Charge Collections, Default Amounts, Servicing Fees and Principal Collections Allocable to the Transferor Interest. 

(a) Unless otherwise stated in any Indenture Supplement, the Servicer shall allocate to the holder of the Transferor Interest in Asset Pool
One an amount equal to the product of (i) the Asset Pool One Transferor Percentage for Asset Pool One Finance Charge Collections with respect to such Monthly Period and (ii) the Asset Pool One Finance Charge Collections and earnings on
amounts on deposit in the Collection Account and the Excess Funding Account with respect to such Monthly Period. If so specified in any Indenture Supplement, such amounts may be applied to cover certain shortfalls in the amount of investment
earnings on investments of funds in certain Supplemental Bank Accounts. 

  
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 (b) The Servicer shall allocate to the holders of the Transferor Interest in Asset Pool One an
amount equal to the product of (i) the Asset Pool One Transferor Percentage for the Asset Pool One Default Amount with respect to such Monthly Period and (ii) the Asset Pool One Default Amount with respect to such Monthly Period. 

(c) The Servicer shall allocate to the holders of the Transferor Interest in Asset Pool One an amount equal to the product of (i) Asset
Pool One Transferor Percentage with respect to such Monthly Period and (ii) the Asset Pool One Servicing Fee with respect to such Monthly Period. 

(d) Unless otherwise stated in any Indenture Supplement, the Servicer shall allocate to the holders of the Transferor Interest in Asset Pool
One an amount equal to the product of (i) the Asset Pool One Transferor Percentage for Asset Pool One Principal Collections with respect to such Monthly Period and (ii) the Asset Pool One Principal Collections with respect to such Monthly
Period; provided, however, that amounts payable to the holders of the Transferor Interest pursuant to this subsection 3.8(d) shall instead be deposited into the Excess Funding Account to the extent that (A) the Asset Pool One
Transferor Amount is, or as a result of such payment would become, less than the Asset Pool One Required Transferor Amount or (B) the Asset Pool One Pool Balance is, or as a result of such payment would become, less than the Asset Pool One
Minimum Pool Balance. 
 Section 3.9 Transfer of Defaulted Accounts. Unless otherwise provided in any Indenture Supplement, in
consideration of receiving Recoveries as provided in subsection 3.11(a) hereof, on the date on which an Asset Pool One Account becomes a Defaulted Account, the Collateral Agent shall automatically and without further action or consideration be
deemed to transfer, set over, and otherwise convey to the Transferor, without recourse, representation, or warranty, all the right, title and interest of the Collateral Agent in and to the Asset Pool One Receivables in such Defaulted Account, all
monies due or to become due with respect thereto, and all proceeds thereof allocable to Asset Pool One with respect to such Asset Pool One Receivables, excluding Recoveries in respect of Asset Pool One Defaulted Accounts relating thereto, which
shall remain a part of the Collateral. 
 Section 3.10 Adjustments for Miscellaneous Credits and Fraudulent Charges. 

(a) The Servicer shall be obligated to reduce on a net basis for each Monthly Period the aggregate amount of Asset Pool One Principal
Receivables (a “Credit Adjustment”) with respect to any Asset Pool One Principal Receivable (i) which was created in respect of merchandise refused or returned by the Obligor thereunder or as to which the Obligor thereunder has
asserted a counterclaim or defense, (ii) which is reduced by the Servicer by any rebate, refund, charge-back or adjustment (including Servicer errors) or (iii) which was created as a result of a fraudulent or counterfeit charge. 

  
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 In the event that the inclusion of the amount of a Credit Adjustment in (x) the calculation
of the Asset Pool One Transferor Amount would cause the Asset Pool One Transferor Amount to be an amount less than the Asset Pool One Required Transferor Amount or (y) the calculation of the Asset Pool One Pool Balance would cause the Asset
Pool One Pool Balance to be an amount less than the Asset Pool One Minimum Pool Balance, the Transferor shall make a deposit, no later than (A) the First Note Transfer Date following the Monthly Period with respect to which such Credit
Adjustment occurs or (B) in the event of a Servicer Rating Event, 10 Business Days after the inclusion of the Credit Adjustment that caused the Asset Pool One Transferor Amount to be less than the Asset Pool One Required Transferor Amount or
the Asset Pool One Pool Balance to be less than the Asset Pool One Minimum Pool Balance, into the Excess Funding Account for Asset Pool One in immediately available funds in an amount equal to the greater of the amount by which (I) the Asset
Pool One Transferor Amount would be less than the Asset Pool One Required Transferor Amount or (II) the Asset Pool One Pool Balance would be an amount less than the Asset Pool One Minimum Pool Balance, due to Credit Adjustments with respect to Asset
Pool One Receivables conveyed by the Transferor (each such deposit, an “Adjustment Payment”). 
 (b) If (i) the
Servicer makes a deposit into the Collection Account for Asset Pool One in respect of a Collection of an Asset Pool One 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 for Asset Pool One 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 for Asset Pool One to reflect such dishonored check or mistake. Any Asset Pool One 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, adjustments made pursuant to this Section shall not require any change in any report previously delivered. 

Section 3.11 Recoveries and Interchange. 

(a) Recoveries. On or prior to the third Business Day following the end of each Monthly Period, Chase USA shall notify the Servicer of
the amount of Recoveries in respect of Asset Pool One Defaulted Accounts to be included as Collections for Asset Pool One with respect to the preceding Monthly Period. On the First Note Transfer Date following the applicable Monthly Period, Chase
USA shall pay to the Servicer and the Servicer shall deposit into the Collection Account for Asset Pool One, in immediately available funds, the amount of Recoveries in respect of Asset Pool One Defaulted Accounts to be so included as Collections
for Asset Pool One with respect to the preceding Monthly Period; provided, however, that such deposit need be made only to the extent that such funds are required to be retained in the applicable Bank Accounts for the benefit of any
Series, Class or Tranche of Asset Pool One Notes pursuant to the provisions of this Article III of this Asset Pool One Supplement or any applicable Indenture Supplement and any such amount that is not so deposited shall be paid to the Transferor.

 (b) Interchange. On or prior to the third Business Day following the end of each Monthly Period, each Account Owner shall notify
the Servicer of the Interchange Amount, if any, which is required to be included as Asset Pool One Finance Charge Collections with respect to the preceding Monthly Period. On the First Note Transfer Date following the applicable Monthly Period, each
Account Owner shall pay to the Servicer and the Servicer shall 

  
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deposit into the Collection Account, in immediately available funds, the Interchange Amount to be so included as Asset Pool One Finance Charge Collections with respect to the preceding Monthly
Period; provided, however, that such deposit need be made only to the extent that such funds are required to be retained in the applicable Bank Accounts for the benefit of any Series, Class or Tranche of Asset Pool One Notes pursuant
to the provisions of this Article III of this Asset Pool One Supplement or any applicable Indenture Supplement and any such amount that is not so deposited shall be paid to the Transferor. 

Section 3.12 [Reserved]. 

Section 3.13 Designation of Remaining Principal Shortfalls. On each Determination Date, the Servicer shall determine with respect
to the prior Monthly Period whether there is a Remaining Series Available Principal Collections Shortfall for any Series of Asset Pool One Notes after application of Shared Excess Available Principal Collections for the benefit of such Series of
Notes for such Monthly Period. The Servicer shall determine the aggregate amount of such Remaining Series Available Principal Collections Shortfalls for all Series of Asset Pool One Notes for such Monthly Period and shall propose, with respect to
each Asset Pool One Collateral Certificate, a principal shortfall amount (the “Proposed Principal Shortfall Amount”) for such Monthly Period. The sum of all such Proposed Principal Shortfall Amounts shall equal the aggregate amount
of such Remaining Series Available Principal Collections Shortfalls for such Monthly Period. In determining the Proposed Principal Shortfall Amount for each Asset Pool One Collateral Certificate, the Servicer agrees to determine such amount in a
manner that shall maximize the amount of payments received from Asset Pool One Collateral Certificates in respect of Proposed Principal Shortfall Amounts. 

Section 3.14 Monthly Servicer’s Certificate. Unless otherwise stated in the related Indenture Supplement with respect to any
Series, on each Determination Date the Servicer shall forward to the Owner Trustee, the Indenture Trustee, the Collateral Agent and each Note Rating Agency, a certificate of a duly authorized representative of the Servicer substantially in the form
of Exhibit F. In addition, on each Payment Date, the Servicer shall forward to the Owner Trustee, the Indenture Trustee, the Collateral Agent and each Note Rating Agency, a report containing all material information listed in Item 1121 of
Regulation AB but not otherwise included in the Asset Pool One Monthly Servicer’s Certificate or any Monthly Noteholders’ Statement, which report shall be included in the Issuing Entity’s monthly distribution report on Form 10-D to be
filed with the Commission. 
 [END OF ARTICLE III] 

  
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 ARTICLE IV 

THE COLLATERAL AGENT 

Section 4.1 Certain Duties and Responsibilities. 

(a) The Collateral Agent undertakes to perform such duties and only such duties as are specifically set forth in this Asset Pool One
Supplement with respect to the Asset Pool One Notes of any Series, Class or Tranche, and no implied covenants or obligations will be read into this Asset Pool One Supplement against the Collateral Agent. 

(b) The Collateral Agent hereby agrees that it shall hold all Collateral Certificates designated for inclusion in Asset Pool One in the State
of New York and shall give written notice to the Owner Trustee, the Indenture Trustee and the Servicer before relocating any Collateral Certificate. 

(c) In the absence of bad faith on its part, the Collateral Agent may, with respect to the Asset Pool One Notes of any Series, Class or
Tranche, conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Collateral Agent and conforming to the requirements of the Indenture, this Asset Pool
One Supplement or the related Indenture Supplement, as applicable, but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Collateral Agent, the Collateral Agent will be
under a duty to examine the same to determine whether or not they conform to the requirements of this Asset Pool One Supplement but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein. 

(d) In case an Event of Default with respect to any Series, Class or Tranche of Asset Pool One Notes has occurred and is continuing, the
Collateral Agent will exercise with respect to the Asset Pool One Notes of such Series, Class or Tranche such rights and powers vested in it by this Asset Pool One Supplement, and use the same degree of care and skill in their exercise, as a
fiduciary would exercise or use under the circumstances in the conduct of such person’s own affairs. 
 (e) No provision of this Asset
Pool One Supplement will be construed to relieve the Collateral Agent from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(i) this subsection (e) will not be construed to limit the effect of subsection (a) of this Section; 

(ii) the Collateral Agent will not be liable for any error of judgment made in good faith by a Collateral Agent Authorized
Officer, unless it will be proved that the Collateral Agent was negligent in ascertaining the pertinent facts; 
 (iii) the
Collateral Agent will not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Indenture Trustee or Holders of more than 66 2⁄3% of the Outstanding Dollar Principal 

  
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Amount of any Series, Class or Tranche of Asset Pool One Notes relating to the time, method and place of conducting any proceeding for any remedy available to the Collateral Agent, or exercising
any trust or power conferred upon the Collateral Agent, under this Asset Pool One Supplement with respect to the Asset Pool One Notes of such Series, Class or Tranche; and 

(iv) no provision of this Asset Pool One Supplement will require the Collateral Agent to expend or risk its own funds or
otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it will have reasonable grounds for believing that repayment of such funds or indemnity satisfactory to
the Collateral Agent against such risk or liability is not reasonably assured to it. 
 (f) Whether or not therein expressly so provided,
every provision of this Asset Pool One Supplement relating to the conduct or affecting the liability of or affording protection to the Collateral Agent will be subject to the provisions of this Section. 

Section 4.2 Certain Rights of the Collateral Agent. Except as otherwise provided in Section 4.1: 

(a) the Collateral Agent may conclusively rely and will be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document (whether in its original or facsimile form) believed by it to be genuine and to have been signed or presented by the
proper party or parties; 
 (b) whenever in the performance of its duties under this Asset Pool One Supplement the Collateral Agent will
deem it desirable that a matter be proved or established before taking, suffering or omitting any action hereunder, the Collateral Agent (unless other evidence be herein specifically prescribed) may, in the absence of bad faith on its part, rely
upon an Officer’s Certificate; 
 (c) the Collateral Agent may consult with counsel of its own selection and the advice of such counsel
or any Opinion of Counsel will be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

(d) the Collateral Agent will be under no obligation to exercise any of the rights or powers vested in it by this Asset Pool One Supplement at
the request or direction of the Indenture Trustee or any of the Asset Pool One Noteholders pursuant to this Asset Pool One Supplement, unless the Indenture Trustee or such Asset Pool One Noteholders shall have offered to the Collateral Agent
security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 

(e) the Collateral Agent will not be bound to make any investigation into the facts or matters stated in any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document, but 

  
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the Collateral Agent, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Collateral Agent will determine to make such
further inquiry or investigation, it will be entitled to examine the books, records and premises of the Issuing Entity, personally or by agent or attorney; 

(f) the Collateral Agent may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Collateral Agent will not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder; and 

(g) the Collateral Agent will not be responsible for filing any financing statements or continuation statements in connection with the
Collateral, but will cooperate with the Issuing Entity in connection with the filing of such financing statements or continuation statements. 

Section 4.3 Not Responsible for Recitals or Issuance of Notes. The recitals contained herein and in the Asset Pool One Notes,
except the certificates of authentication, will be taken as the statements of the Issuing Entity, and the Collateral Agent assumes no responsibility for their correctness. The Collateral Agent makes no representations as to the validity or
sufficiency of this Asset Pool One Supplement or of the Asset Pool One Notes. The Collateral Agent will not be accountable for the use or application by the Issuing Entity of Asset Pool One Notes or the proceeds thereof. 

Section 4.4 May Hold Notes. The Collateral Agent, in its individual or any other capacity, may become the owner or pledgee of
Asset Pool One Notes and, subject to Sections 4.7, 4.8 and 4.12, may otherwise deal with the Issuing Entity with the same rights it would have if it were not Collateral Agent. 

Section 4.5 Money Held in Trust. Money held by the Collateral Agent in trust hereunder need not be segregated from other funds
except to the extent required by law. The Collateral Agent will be under no liability for interest on any money received by it hereunder except as otherwise agreed with the Issuing Entity. 

Section 4.6 Compensation and Reimbursement; Limit on Compensation, Reimbursement and Indemnity. 

(a) The Issuing Entity agrees: 

(i) to pay to the Collateral Agent from time to time reasonable compensation for all services rendered by it hereunder (which
compensation will not be limited by any provision of law in regard to the compensation of a trustee of an express trust); 

(ii) except as otherwise expressly provided herein, to reimburse the Collateral Agent upon its request for all reasonable
expenses, disbursements and advances incurred or made by the Collateral Agent in accordance with any provision of this Asset Pool One Supplement (including the reasonable compensation and the reasonable expenses and disbursements of its agents and
counsel), except any such expense, disbursement or advance as may be attributable to its negligence or bad faith; and 

  
 39 

 (iii) to indemnify the Collateral Agent for, and to hold it harmless against,
any and all loss, liability or expense incurred without negligence or bad faith on its part, arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim
or liability (whether asserted by the Issuing Entity, the Servicer, any Holder or any other Person) in connection with the exercise or performance of any of its powers or duties hereunder. 

The Collateral Agent will have no recourse to (x) any asset of the Issuing Entity other than funds available pursuant to the Indenture,
the relevant Indenture Supplement, or this Asset Pool One Supplement and any such recourse shall be subordinate to the payment obligations on the Asset Pool One Notes, or (y) any Person other than the Transferor, the Servicer or the Issuing
Entity. 
 (b) This Section will survive the termination of this Asset Pool One Supplement and the resignation or replacement of the
Collateral Agent under Section 4.9. 
 Section 4.7 Disqualification; Conflicting Interests. If the Collateral Agent has or
will acquire a conflicting interest within the meaning of the Trust Indenture Act, the Collateral Agent will, if so required by the Trust Indenture Act, either eliminate such interest or resign, to the extent and in the manner provided by, and
subject to the provisions of, the Trust Indenture Act and this Asset Pool One Supplement. Nothing herein will prevent the Collateral Agent from filing with the Commission the application referred to in the second to last paragraph of
Section 310(b) of the Trust Indenture Act. 
 Section 4.8 Corporate Collateral Agent Required; Eligibility. There will at
all times be a Collateral Agent hereunder with respect to each Series, Class or Tranche of Asset Pool One Notes which will be either a bank or a corporation organized and doing business under the laws of the United States of America or of any state,
authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by federal or state authority, and having a rating of at least “BBB-” by
Standard & Poor’s. 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 purposes of this Section, the combined
capital and surplus of such corporation will be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Issuing Entity may not, nor may any Person directly or indirectly controlling,
controlled by, or under common control with the Issuing Entity, serve as Collateral Agent. If at any time the Collateral Agent with respect to any Series, Class or Tranche of Asset Pool One Notes will cease to be eligible in accordance with the
provisions of this Section, it will resign immediately in the manner and with the effect hereinafter specified in this Article. 

  
 40 

 Section 4.9 Resignation and Removal; Appointment of Successor. 

(a) No resignation or removal of the Collateral Agent and no appointment of a successor Collateral Agent pursuant to this Article shall become
effective until the acceptance of appointment by the successor Collateral Agent under Section 4.10. 
 (b) The Collateral Agent may
resign with respect to any Series, Class or Tranche of Asset Pool One Notes at any time by giving written notice thereof to the Issuing Entity. If an instrument of acceptance by a successor Collateral Agent shall not have been delivered to the
Collateral Agent within 30 days after the giving of such notice of resignation, the resigning Collateral Agent may petition any court of competent jurisdiction for the appointment of a successor Collateral Agent. 

(c) The Collateral Agent may be removed with respect to any Series, Class or Tranche of Asset Pool One Notes at any time by Act of the
Majority Holders of that Series, Class or Tranche of Asset Pool One Notes delivered to the Collateral Agent on behalf of the Indenture Trustee and the Issuing Entity. 

(d) If at any time: 

(i) the Collateral Agent fails to comply with Section 310(b) of the Trust Indenture Act with respect to any Series, Class
or Tranche of Notes after written request therefor by the Issuing Entity or by any Asset Pool One Noteholder who has been a bona fide Holder of an Asset Pool One Note of that Series, Class or Tranche for at least 6 months, 

(ii) the Collateral Agent ceases to be eligible under Section 4.8 with respect to any Series, Class or Tranche of Asset
Pool One Notes and fails to resign after written request therefor by the Issuing Entity or by any such Asset Pool One Noteholder, 

(iii) the Collateral Agent becomes incapable of acting with respect to any Series, Class or Tranche of Asset Pool One Notes,
or 
 (iv) the Collateral Agent is adjudged bankrupt or insolvent or a receiver of the Collateral Agent or of its property
is appointed or any public officer takes charge or control of the Collateral Agent or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

then, in any such case, (A) the Issuing Entity may remove the Collateral Agent or (B) subject to Section 6.17 of the Indenture, any Asset Pool
One Noteholder who has been a bona fide Holder of an Asset Pool One Note of such Series, Class or Tranche for at least 6 months may, on behalf of itself and all others similarly situated, petition any court of competent jurisdiction for the removal
of the Collateral Agent with respect to such Series, Class or Tranche and the appointment of a successor Collateral Agent with respect to such Series, Class or Tranche, or, in the case of clause (iv), with respect to all Series, Classes and
Tranches. 

  
 41 

 (e) If the Collateral Agent resigns, is removed or becomes incapable of acting with respect to
Asset Pool One, or if a vacancy shall occur in the office of the Collateral Agent with respect to Asset Pool One for any cause, the Issuing Entity shall promptly appoint a successor Collateral Agent for Asset Pool One. If, within one year after such
resignation, removal or incapacity, or the occurrence of such vacancy, a successor Collateral Agent with respect to Asset Pool One is appointed by Act of the Majority Holders of the Asset Pool One Notes delivered to the Issuing Entity and the
retiring Collateral Agent, the successor Collateral Agent so appointed will, forthwith upon its acceptance of such appointment, become the successor Collateral Agent with respect to Asset Pool One and supersede the successor Collateral Agent
appointed by the Issuing Entity with respect to Asset Pool One. If no successor Collateral Agent with respect to the Asset Pool One Notes shall have been so appointed by the Issuing Entity or the Asset Pool One Noteholders and accepted appointment
in the manner hereinafter provided, any Asset Pool One Noteholder who has been a bona fide Holder of an Asset Pool One Note for at least 6 months may, on behalf of itself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Collateral Agent with respect to Asset Pool One. 
 (f) The Issuing Entity shall give
written notice of each resignation and each removal of the Collateral Agent with respect to Asset Pool One and each appointment of a successor Collateral Agent with respect to Asset Pool One as provided in Section 1.06 of the Indenture and to
each Note Rating Agency. To facilitate delivery of such notice, upon request by the Issuing Entity, the Note Registrar shall provide to the Issuing Entity a list of the relevant Registered Noteholders. Each notice will include the name of the
successor Collateral Agent and the address of its principal Corporate Trust Office. 
 Section 4.10 Acceptance of Appointment by
Successor. Every successor Collateral Agent appointed hereunder shall execute, acknowledge and deliver to the Issuing Entity and to the predecessor Collateral Agent an instrument accepting such appointment, with a copy to the Note Rating
Agencies, and thereupon the resignation or removal of the predecessor Collateral Agent will become effective with respect to Asset Pool One, and such successor Collateral Agent, without any further act, deed or conveyance, will become vested with
all the rights, powers, trusts and duties of the predecessor Collateral Agent; but, on request of the Issuing Entity or the successor Collateral Agent, such predecessor Collateral Agent shall, upon payment of its reasonable charges, if any, execute
and deliver an instrument transferring to such successor Collateral Agent all the rights, powers and trusts of the predecessor Collateral Agent, and will duly assign, transfer and deliver to such successor Collateral Agent all property and money
held by such predecessor Collateral Agent hereunder, subject nevertheless to its lien, if any, provided for in Section 4.6. Upon request of any such successor Collateral Agent, the Issuing Entity will execute any and all instruments for more
fully and certainly vesting in and confirming to such successor Collateral Agent all such rights, powers and trusts. 
 No successor
Collateral Agent will accept its appointment unless at the time of such acceptance such successor Collateral Agent will be qualified and eligible with respect to Asset Pool One under this Article. 

  
 42 

 Section 4.11 Merger, Conversion, Consolidation or Succession to Business. Any
corporation into which the Collateral Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Collateral Agent shall be a party, or any corporation
succeeding to all or substantially all of the corporate trust business of the Collateral Agent, will be the successor of the Collateral Agent hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without
the execution or filing of any paper or any further act on the part of any of the parties hereto. The Collateral Agent shall give prompt written notice of such merger, conversion, consolidation or succession to the Note Rating Agencies. In addition,
upon such merger, conversion, consolidation or succession the Collateral Agent shall give written notice to the Transferor, Servicer, the Owner Trustee and the Indenture Trustee of any change of address of the surviving entity and stating where the
Collateral Certificates are to be held. 
 Section 4.12 Preferential Collection of Claims Against Issuing Entity. If and when
the Collateral Agent shall be or become a creditor of the Issuing Entity (or any other obligor upon the Asset Pool One Notes), the Collateral Agent will be subject to the provisions of Section 311 of the Trust Indenture Act. A Collateral Agent
who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein. 

Section 4.13 Representations and Covenants of the Collateral Agent. The Collateral Agent represents, warrants and covenants that:

 (i) The Collateral Agent is a national banking association duly organized and validly existing under the laws of the
United States of America; 
 (ii) The Collateral Agent has full power and authority to deliver and perform this Asset Pool
One Supplement and has taken all necessary action to authorize the execution, delivery and performance by it of this Asset Pool One Supplement and other documents to which it is a party; and 

(iii) Each of this Asset Pool One Supplement and the other documents to which it is a party has been duly executed and
delivered by the Collateral Agent and constitutes legal, valid and binding obligation of the Collateral Agent in accordance with its terms. 

Section 4.14 Custody of Asset Pool One Collateral Certificates and Other Collateral. Each Asset Pool One Collateral Certificate
shall be registered in the name of and shall be delivered to and held by the Collateral Agent separate and apart from all other property held by such Collateral Agent. The Collateral Agent shall hold the Collateral that constitutes Permitted
Investments separate from, and shall not commingle such Collateral with, any and all other funds or property of the Issuing Entity or the Indenture Trustee. 

Section 4.15 Collateral Agent’s Application for Instructions from the Issuing Entity. Any application by the Collateral Agent
for written instructions from the Issuing Entity may, at the option of the Collateral Agent, set forth in writing any action proposed to be taken or omitted by the Collateral Agent under and in accordance with this Asset Pool One Supplement and the
date on and/or after which such action shall be taken or such omission shall be effective, provided that such application shall make specific reference to this Section 4.15. The Collateral Agent shall not be liable for any action taken by, or
omission of, the Collateral Agent in 

  
 43 

 
accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than 5 Business Days after the date any officer of the
Issuing Entity actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Collateral Agent shall
have received written instructions in response to such application specifying the action to be taken or omitted. 
 Section 4.16
Events of Default and Remedies; Reports of Indenture Trustee; Reports to Issuing Entity. 
 (a) The Collateral Agent shall promptly
give notice to the Indenture Trustee and the Issuing Entity upon the occurrence of any of the Events of Default set forth in Section 6.01 of the Indenture of which it has knowledge, including any “Notice of Default” pursuant to
subsection 6.01(c) of the Indenture (unless it has received notice of any such Event of Default by the Indenture Trustee). 
 (b) The
Collateral Agent agrees to perform its obligations and, in its discretion, exercise the rights of, and pursue remedies on behalf of, the Secured Parties pursuant to Article VI of the Indenture. 

(c) The Collateral Agent agrees to provide in a timely fashion to the Indenture Trustee the information applicable to the Collateral Agent and
the Collateral required to be included in the reports of the Indenture Trustee pursuant to the Indenture or any Indenture Supplement, including pursuant to Sections 8.03 and 8.06 of the Indenture. 

(d) The Collateral Agent shall report to the Issuing Entity or the Indenture Trustee, as applicable, with respect to the amounts on deposit in
each of the Bank Accounts, and the identity of the investments included therein and the amount of earnings thereon, as the Issuing Entity or the Indenture Trustee reasonably may request from time to time. 

[END OF ARTICLE IV] 

  
 44 

 ARTICLE V 

BANK ACCOUNTS AND INVESTMENTS 

Section 5.1 Bank Accounts. 

(a) Bank Accounts; Deposits to and Distributions from Bank Accounts. 

(i) On or before the date hereof, the Issuing Entity established for Asset Pool One, one or more Qualified Bank Accounts (each
such account, a “Collection Account” and collectively, the “Collection Accounts”) in the name of the Collateral Agent, bearing a designation clearly indicating that the funds deposited therein are held for the
benefit of the Collateral Agent, the Indenture Trustee and the applicable Asset Pool One Noteholders. All collections received pursuant to Section 3.1 shall be deposited into the Collection Account. From time to time in connection with the
issuance of a Series, Class or Tranche of Asset Pool One Notes, the Indenture Trustee may cause the Collateral Agent to establish one or more Qualified Bank Accounts denominated as “Supplemental Bank Accounts” in the name of the Collateral
Agent, bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Collateral Agent, the Indenture Trustee and the applicable Asset Pool One Noteholders. The Collection Account and any Supplemental Bank
Account shall be under the control (within the meaning of Section 9-104 of the UCC) of the Collateral Agent for the benefit of the Collateral Agent, the Indenture Trustee and the applicable Asset Pool One Noteholders. If, at any time, the
institution holding the Collection Account or any Supplemental Bank Account ceases to be a Qualified Institution, the Issuing Entity shall within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Note Rating
Agency may consent in writing) establish a new Collection Account or Supplemental Bank Account, as applicable, that is a Qualified Bank Account and shall transfer any cash and/or investments from such Collection Account or Supplemental Bank Account,
as applicable, to such new Collection Account or Supplemental Bank Account, as applicable. From the date each such new Collection Account is established, it shall be the “Collection Account.” From the date each such new Supplemental Bank
Account is established, it shall be a “Supplemental Bank Account.” Any Supplemental Bank Account will receive deposits as set forth herein, in the Indenture and in the applicable Indenture Supplement. 

(ii) On or before the date hereof, the Issuing Entity established for Asset Pool One, one or more Qualified Bank Accounts
(each such account, an “Excess Funding Account” and collectively, the “Excess Funding Accounts”) in the name of the Collateral Agent, bearing a designation clearly indicating that the funds deposited therein are
held for the benefit of the Collateral Agent, the Indenture Trustee and the Asset Pool One Noteholders. Principal Collections allocated to Asset Pool One that would otherwise be paid to the holders of the Transferor Interest or that the applicable
Indenture Supplement specifies are to be deposited in the Excess Funding Account, shall be deposited in the Excess Funding Account, if, after giving effect to reinvestment in new Collateral on that day the Asset Pool One Transferor Amount is not
greater than or equal to the Asset Pool One Required Transferor Amount or the Asset Pool One Pool Balance 

  
 45 

 
is not greater than or equal to the Asset Pool One Minimum Pool Balance. Each Excess Funding Account shall be under the control (within the meaning of Section 9-104 of the UCC) of the
Collateral Agent for the benefit of the Collateral Agent, the Indenture Trustee and the Asset Pool One Noteholders. If, at any time, the institution holding any Excess Funding Account ceases to be a Qualified Institution, the Issuing Entity shall
within 10 Business Days (or such longer period, not to exceed 30 calendar days, as to which each Note Rating Agency may consent in writing) establish a new Excess Funding Account that is a Qualified Bank Account and shall transfer any cash and/or
investments to such new Excess Funding Account. From the date each such new Excess Funding Account is established, it shall be an “Excess Funding Account.” 

(b) All payments to be made from time to time by or on behalf of the Indenture Trustee to the Asset Pool One Noteholders out of funds in the
Bank Accounts pursuant to this Asset Pool One Supplement, the Indenture and any Indenture Supplement will be made by the Collateral Agent to the Indenture Trustee or on behalf of the Indenture Trustee directly to the Paying Agent not later than 1:00
p.m. New York City time on the applicable Payment Date or earlier, if necessary, or as otherwise provided in the applicable Indenture Supplement but only to the extent of available funds in the applicable Bank Account or Sub-Account. 

Section 5.2 Investment of Funds in the Bank Accounts. 

(a) (i) Funds on deposit in the Bank Accounts shall (unless otherwise stated in the applicable Indenture Supplement) be invested and
reinvested by the Collateral Agent or its designee acting on behalf of the Indenture Trustee at the written direction of the Issuing Entity in one or more Permitted Investments. Absent such written direction, the Collateral Agent shall invest the
funds in the Permitted Investments described in clause (a)(v) of the definition thereof. The Issuing Entity may authorize the Indenture Trustee to direct the Collateral Agent to make specific investments pursuant to written instructions, in such
amounts as the Issuing Entity will specify. Notwithstanding the foregoing, funds held by the Collateral Agent in any of the Bank Accounts will be invested in Permitted Investments that will mature in each case no later than the date on which such
funds in the Bank Accounts are scheduled to be transferred or distributed by the Indenture Trustee pursuant to the Indenture (or as necessary to provide for timely payment of principal or interest on the applicable Principal Payment Date or Interest
Payment Date (as each such term is defined in the Indenture)). 
 (ii) Notwithstanding subsection 5.2(a)(i) above, to the extent that the
Transferor decides to offset the amount of risk retention held in the form of a “Seller’s Interest” (as such term is defined in the Risk Retention Requirements) with funds on deposit in an Excess Funding Account, such funds shall be
held in the form of cash or Permitted Investments that constitute cash equivalents (in accordance with the Risk Retention Requirements). 

(b) All funds deposited from time to time in the Bank Accounts pursuant to the Indenture and all investments made with such funds will be held
by the Collateral Agent in the Bank Accounts as part of the Collateral as herein provided, subject to withdrawal by the Collateral Agent or the Indenture Trustee for the purposes set forth in the Indenture. 

  
 46 

 (c) Funds and other property in any of the Bank Accounts will not be commingled
with any other funds or property of the Issuing Entity, the Indenture Trustee or the related Collateral Agent. 
 (d) The
Servicer shall not give direction to dispose of a Permitted Investment and no Permitted Investment shall be disposed of prior to its maturity if such disposal will result in a loss. 

[END OF ARTICLE V] 

  
 47 

 ARTICLE VI 

MISCELLANEOUS 
 Section 6.1
No Petition. The Collateral Agent, by entering into this Asset Pool One Supplement, each Derivative Counterparty, by designating that the obligations of the Issuing Entity pursuant to the applicable Derivative Agreement are secured by the
Collateral, each Supplemental Credit Enhancement Provider or Supplemental Liquidity Provider, as applicable, by designating that the obligations of the Issuing Entity pursuant to the applicable Supplemental Credit Enhancement Agreement or
Supplemental Liquidity Agreement are secured by the Collateral, and each Asset Pool One Noteholder, by accepting a Note, agrees, to the fullest extent permitted by applicable law, that it will not at any time institute against any Master Trust, the
Transferor or the Issuing Entity, or join in any institution against any Master Trust, the Transferor or the Issuing Entity of, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United
States Federal or state bankruptcy or similar law in connection with any obligations relating to the Asset Pool One Notes, the Indenture, any Derivative Agreement, any Supplemental Credit Enhancement Agreement and any Supplemental Liquidity
Agreement. 
 Section 6.2 Actions by the Issuing Entity. All actions to be taken by the Issuing Entity under this Asset Pool One
Supplement shall be taken by the Administrator on behalf of the Issuing Entity and all notices to be given and/or received by the Issuing Entity under this Asset Pool One Supplement shall be given and received by the Administrator. 

Section 6.3 Limitations on Liability. 

(a) It is expressly understood and agreed by the parties hereto that (i) this Asset Pool One Supplement is executed and delivered by the
Transferor not individually or personally but solely as Beneficiary under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations, undertakings and agreements herein made on
the part of the Issuing Entity is made and intended not as a personal representation, undertaking or agreement by the Transferor or Chase USA but is made and intended for the purpose of binding only the Issuing Entity, (iii) nothing herein
contained will be construed as creating any liability on the Transferor or Chase USA individually or personally, to perform any covenant of the Issuing Entity either expressed or implied contained herein, all such liability, if any, being expressly
waived by the parties to the Indenture and by any Person claiming by, through or under them and (iv) under no circumstances will the Transferor or Chase USA be personally liable for the payment of any indebtedness or expenses of the Issuing
Entity or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuing Entity under this Asset Pool One Supplement or any related documents. 

(b) None of the Collateral Agent, the Indenture Trustee, the Owner Trustee, the Transferor, Chase USA or any other Beneficiary of the Issuing
Entity or any of their respective officers, directors, employees, incorporators or agents will have any liability with respect to this Asset Pool One Supplement, and recourse may be had solely to the Collateral pledged to secure the Asset Pool One
Notes under this Asset Pool One Supplement. 
 (c) It is expressly understood and agreed by the parties hereto that (a) this Asset Pool One
Supplement is executed and delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Trust, in the exercise of the powers and authority conferred and vested in it, (b) each of
the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as personal representations, undertakings and agreements by WTC but is made and intended for the purpose of binding only the Trust, (c)
nothing herein contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained herein of the Trust, all such liability, if any, being expressly waived by the
parties hereto and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness of any representations and warranties made by the Trust in this Asset Pool One
Supplement and (e) under no circumstances shall WTC be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken
by the Trust under this Asset Pool One Supplement or any other related documents. 

  
 48 

 Section 6.4 Termination of Issuing Entity. The Issuing Entity and the respective
obligations and responsibilities of the Collateral Agent created hereby shall terminate as provided in the Trust Agreement. 

Section 6.5 Termination Distributions. Upon the termination of the Issuing Entity pursuant to the terms of the Trust Agreement,
the Collateral Agent shall release, assign and convey to the Transferor or any of its designees, without recourse, representation or warranty, all of its right, title and interest in the Collateral securing Asset Pool One, whether then existing or
thereafter created, all monies due or to become due and all amounts received or receivable with respect thereto (including all moneys then held in any Bank Account) and all proceeds thereof. The Collateral Agent shall execute and deliver such
instruments of transfer and assignment as shall be provided to it, in each case without recourse, as shall be reasonably requested by the Transferor, to vest in the Transferor, as Beneficiary under the Trust Agreement, or any of its designees all
right, title and interest which the Collateral Agent had in and to the Collateral and such other property securing Asset Pool One. 

Section 6.6 Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider as Third-Party
Beneficiary. Each Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider is a third-party beneficiary of this Asset Pool One Supplement to the extent specified in the applicable Derivative Agreement,
Supplemental Credit Enhancement Agreement, Supplemental Liquidity Agreement or Indenture Supplement. 
 Section 6.7 Amendments.
Except as expressly set forth in Article IX of the Indenture, this Asset Pool One Supplement may not be amended, supplemented or modified. 

[END OF ARTICLE VI] 

  
 49 

 IN WITNESS WHEREOF, the parties hereto have caused this Asset Pool One Supplement to be duly
executed as of the day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

		 	Name:
		 	Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee and Collateral Agent and not in its individual capacity
		
	By:	 	  

		 	Name:
		 	Title:

 CHASE ISSUANCE TRUST 

Third A&R APO Supplement 

			
	Acknowledged and Accepted:
	
	CHASE BANK USA,
	 NATIONAL ASSOCIATION,
 as
Servicer

		
	By:	 	  

		 	Name:
		 	Title:

 CHASE ISSUANCE TRUST 

Third A&R APO Supplement 

 Exhibit A 
  

			
	No.     	  	One Unit

 FORM OF 

CHASE ISSUANCE TRUST 
 ASSET BACKED
CERTIFICATE 
 THIS CERTIFICATE WAS ISSUED PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), AND MAY BE SOLD ONLY PURSUANT TO A REGISTRATION STATEMENT EFFECTIVE UNDER THE ACT OR AN EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE ACT. IN ADDITION, THE TRANSFER OF THIS CERTIFICATE IS SUBJECT TO RESTRICTIONS SET
FORTH IN THE ASSET POOL ONE SUPPLEMENT REFERRED TO HEREIN. A COPY OF THE ASSET POOL ONE SUPPLEMENT WILL BE FURNISHED TO THE HOLDER OF THIS CERTIFICATE BY THE INDENTURE TRUSTEE UPON WRITTEN REQUEST. 

This Certificate represents an 

undivided interest in the 
 Chase
Issuance Trust 
 Evidencing an undivided interest in a trust, the corpus of which consists of Collateral, as defined in the Asset Pool One
Supplement described below. 
 (Not an interest in or a recourse obligation of Chase Bank USA, National Association or any Affiliate thereof.) 

This certifies that CHASE CARD FUNDING LLC (the “Holder”) is the registered owner of an undivided interest in the Chase
Issuance Trust (the “Issuing Entity” or the “Trust”), the corpus of which currently consists of the assets and interests constituting the Trust pursuant to the Third Amended and Restated Asset Pool One Supplement,
dated as of __, 2016, as the same may be further amended, supplemented or otherwise modified (the “Asset Pool One Supplement”), by and between the Trust and Wells Fargo Bank, National Association, as Indenture Trustee (the
“Indenture Trustee”) and Collateral Agent (the “Collateral Agent”), a summary of certain of the pertinent provisions of which is set forth below. 

To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Asset Pool One Supplement. This
Transferor Certificate is issued under and is subject to the terms, provisions and conditions of the Asset Pool One Supplement, to which Asset Pool One Supplement, as amended from time to time, the Holder by virtue of the acceptance hereof assents
and by which the Holder is bound. 

  
 A-1 

 This Certificate has not been registered or qualified under the Securities Act of 1933, as
amended, or any state securities law. No sale, transfer or other disposition of this Transferor Certificate shall be permitted other than in accordance with the provisions of Section 2.07 or 2.08 of the Transfer and Servicing Agreement. 

This Transferor Certificate is the Transferor Certificate (the “Transferor Certificate”), which represents an undivided
interest in the Trust, including the right to receive the Collections and other amounts at the times and in the amounts specified in the Asset Pool One Supplement and each Indenture Supplement to be paid to the Holder of the Transferor Certificate.
The aggregate interest represented by this Transferor Certificate at any time in the Collateral of the Trust shall not exceed the Asset Pool One Transferor Amount at such time. In addition to this Transferor Certificate, one or more Series of Notes
will be issued to investors pursuant to the Indenture and an Indenture Supplement, each of which will represent an undivided interest in the Trust. This Transferor Certificate shall not represent any interest in the Bank Accounts or any enhancement,
except to the extent provided in the Asset Pool One Supplement and any Indenture Supplement. The Asset Pool One Transferor Amount for any Monthly Period will be an amount equal to (i) the Asset Pool One Pool Balance for such Monthly Period
minus (ii) the aggregate Nominal Liquidation Amount of all Asset Pool One Notes as of the close of business on the last day of such Monthly Period. 

The Servicer, pursuant to the terms of Transfer and Servicing Agreement, shall deposit Collections with respect to the Asset Pool One
Receivables into the Collection Account for Asset Pool One 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 (except as provided below and
except as provided in the Transfer and Servicing Agreement, the Asset Pool One Supplement and any Indenture Supplement) and shall deposit Collections received with respect to the Asset Pool One Collateral Certificates with respect to any Monthly
Period into the Collection Account for Asset Pool One no later than the First Note Transfer Date in the next succeeding Monthly Period. Unless otherwise stated in any Indenture Supplement, throughout the existence of the Trust, the Servicer shall
allocate to the Holder of this Certificate an amount equal to the Asset Pool One Transferor Amount. Notwithstanding the first sentence of this paragraph, the Servicer need not deposit this amount or any other amounts so allocated to this Transferor
Certificate pursuant to the Asset Pool One Supplement into the Collection Account and shall pay, or be deemed to pay, such amounts as collected to the Holder of this Transferor Certificate. 

Chase Bank USA, National Association, as Servicer, is entitled to receive as servicing compensation a monthly servicing fee. The portion of
the servicing fee which will be allocable to the Holder of this Transferor Certificate pursuant to the Asset Pool One Supplement will be payable by the Holder of this Transferor Certificate and none of the Trust, the Owner Trustee, the Indenture
Trustee, the Collateral Agent or the Noteholders will have any obligation to pay such portion of the servicing fee. 
 This Transferor
Certificate does not represent a recourse obligation of, or any interest in, the Transferor or the Servicer, and none of this Transferor Certificate, any Collateral Certificate, any Notes, the Accounts or Receivables are insured or guaranteed by the
Federal Deposit Insurance Corporation or any other governmental agency or instrumentality. This Transferor Certificate is limited in right of payment to certain Collections respecting the Receivables and the Collateral Certificates, all as more
specifically set forth hereinabove and in the Asset Pool One Supplement. 

  
 A-2 

 Upon the termination of the Trust pursuant to Section 8.01 of the Fourth Amended and
Restated Trust Agreement, the Indenture Trustee shall assign and convey to the Holder of this Transferor Certificate (without recourse, representation or warranty) all right, title and interest of the Trust in the Collateral Certificates, the
Receivables, whether then existing or thereafter created, and all proceeds thereof and Insurance Proceeds relating thereto. The Indenture Trustee shall execute and deliver such instruments of transfer and assignment, in each case without recourse,
as shall be reasonably requested by the Holder of this Transferor Certificate to vest in such Holder all right, title and interest which the Indenture Trustee had in the Collateral Certificates and the Receivables. 

Unless the certificate of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this
Transferor Certificate shall not be entitled to any benefit under the Asset Pool One Supplement, or be valid for any purpose. 
 It is
expressly understood and agreed by the parties hereto that (a) this Transferor Certificate is executed and delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Trust, in
the exercise of the powers and authority conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as personal representations, undertakings and agreements
by WTC but is made and intended for the purpose of binding only the Trust, (c) nothing herein contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained
herein of the Trust, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness
of any representations and warranties made by the Trust in this Transferor Certificate and (e) under no circumstances shall WTC be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure
of any obligation, representation, warranty or covenant made or undertaken by the Trust under this Transferor Certificate or any other related documents. 

  
 A-3 

 IN WITNESS WHEREOF, the Trust has caused this Transferor Certificate to be duly executed on this
             day of                     . 

 

			
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

		 	Name:
		 	Title:

 CERTIFICATE OF AUTHENTICATION 

This is the Transferor Certificate referred to in the within-mentioned Asset Pool One Supplement. 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Authenticating Agent
		
	By:	 	  

		 	 Name:

		 	 Title:

 Date:
                     

  
 A-4 

 Exhibit B 

ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS 

INCLUDED IN ASSET POOL ONE 
 (as
required by subsection 2.4(c)(v) of the Asset Pool One Supplement) 
 ASSIGNMENT NO.
            OF RECEIVABLES IN ADDITIONAL ACCOUNTS INCLUDED IN ASSET POOL ONE (this “Assignment”), dated as of
            ,             , by and between CHASE ISSUANCE TRUST the “Issuing Entity” or the
“Trust”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”) as collateral agent (in such capacity, the “Collateral Agent”), pursuant to the Asset Pool One Supplement referred to below, and
acknowledged by Chase Bank USA, National Association, in its capacity as servicer under the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of __, 2016 (as heretofore supplemented and amended, the “Transfer and
Servicing Agreement”), among Chase Bank USA, National Association, as administrator and servicer, Chase Card Funding LLC, as transferor, the Trust and Wells Fargo, as indenture trustee (in such capacity, the “Indenture
Trustee”) and collateral agent (in such capacity, the “Collateral Agent”). 
 W I T N E S S E T H: 

WHEREAS, the Trust, the Collateral Agent and the Indenture Trustee are parties to the Third Amended and Restated Asset Pool One Supplement,
dated as of __, 2016 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 

WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to designate Additional Accounts to be included as Asset Pool One
Accounts and to pledge hereby the Receivables of such Additional Accounts, whether now existing or hereafter created, to the Collateral Agent to be included as Asset Pool One Receivables; and 

WHEREAS, the Collateral Agent, on behalf of and for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its
individual capacity and the Collateral Agent, in its individual capacity, is willing to accept such designation and pledge subject to the terms and conditions hereof; 

NOW, THEREFORE, the Trust and the Collateral Agent hereby agree as follows: 

1. Defined Terms. All capitalized terms used herein shall have the meanings ascribed to them in the Asset Pool One Supplement or, if not
defined therein, in the Transfer and Servicing Agreement unless otherwise defined herein. 
 “Addition Cut-Off Date” shall
mean, with respect to the Additional Accounts designated hereby,             . 

“Addition Date” shall mean, with respect to the Additional Accounts designated hereby,
            . 

  
 B-1 

 “Notice Date” shall mean, with respect to the Additional Accounts designated
hereby,             . 
 2. Designation of Additional Accounts. Within
five Business Days after the Addition Date, the Trust shall deliver to the Collateral Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a computer file, microfiche list, CD-ROM or such
other form as is agreed upon between the Transferor and the Collateral Agent) of each VISA® and MasterCard®1 account which, as of the Addition Date, shall be deemed to be an Additional Asset Pool One Account, identified by account number and the aggregate amount of the Receivables in each such Additional
Asset Pool One Account as of the Addition Cut-Off Date, which list shall be marked as Schedule 1 to this Assignment and shall, as of the Addition Date, modify and amend and be incorporated into and made a part of this Assignment and the Asset Pool
One Supplement. 
 3. Pledge of Receivables. 

(a) The Trust hereby grants to the Collateral Agent, for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in
its individual capacity and the Collateral Agent, in its individual capacity, a security interest in all of its right, title and interest, whether owned on the Addition Cut-Off Date or thereafter acquired, in the Receivables existing on the Addition
Cut-Off Date or thereafter created in the Additional Asset Pool One Accounts, all Interchange and Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and the “proceeds”
(including “proceeds” as defined in the applicable UCC) thereof and Insurance Proceeds relating thereto to secure the Asset Pool One Notes (and the obligations under the Indenture and the Asset Pool One Supplement), equally and ratably
without prejudice, priority or distinction between any Asset Pool One Note by reason of difference in time of issuance or otherwise, except as otherwise expressly provided in the Indenture, or in the Indenture Supplement which establishes any
Series, Class or Tranche of Asset Pool One Notes, and to secure (i) the payment of all amounts due on such Asset Pool One Notes in accordance with their respective terms, (ii) the payment of all other sums payable by the Trust under the
Indenture, any Indenture Supplement and the Asset Pool One Supplement relating to the Asset Pool One Notes and (iii) compliance by the Trust with the provisions of the Indenture, any Indenture Supplement or the Asset Pool One Supplement
relating to the Asset Pool One Notes. This Assignment constitutes a security agreement under the UCC. 
 (b) If necessary, the Trust agrees
to record and file, at its own expense, financing statements (and continuation statements when applicable) with respect to the Asset Pool One Receivables in Additional Asset Pool One Accounts existing on the Addition Cut-Off Date and thereafter
created meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect, and maintain perfection of, the sale and assignment of its interest in such Asset Pool One Receivables to the Collateral
Agent, and to deliver a file-stamped copy of each such financing statement or other evidence of such filing to the Collateral Agent on or prior to the Addition Date. The Collateral Agent shall be under no obligation whatsoever to file such financing
or continuation statements or to make any filing under the UCC in connection with such sale and assignment. 
  

	1 	 VISA® and MasterCard® are registered
trademarks of VISA U.S.A., Inc., and of MasterCard International Inc., respectively. 

  
 B-2 

 (c) In connection with such assignment, the Trust further agrees, at its 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 Asset Pool One Accounts and designated hereby have been pledged to the Collateral Agent pursuant to this
Assignment for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity. 

(d) The parties hereto agree that all pledges of Receivables to the Collateral Agent pursuant to this Assignment are subject to, and shall be
treated in accordance with, the Delaware Act and each of the parties hereto agrees that this Assignment has been entered into by the parties hereto in express reliance upon the Delaware Act. For purposes of complying with the requirements of the
Delaware Act, each of the parties hereto hereby agrees that any property, assets or rights purported to be pledged, in whole or in part, by the Trust pursuant to this Assignment shall be deemed to no longer be the property, assets or rights of the
Trust. The parties hereto acknowledge and agree that each such assignment is occurring in connection with a “securitization transaction” within the meaning of the Delaware Act. 

4. Acceptance by Collateral Agent. The Collateral Agent hereby acknowledges its acceptance of all right, title and interest in and to
the Receivables in the Additional Asset Pool One Accounts now existing and hereafter created, pledged to the Collateral Agent pursuant to Section 3(a) of this Assignment and declares that it shall maintain such right, title and interest, upon
the trust herein set forth, for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity. 

5. Representations and Warranties of the Trust. The Trust hereby represents and warrants to the Collateral Agent, as of the Addition
Date (or such other date as is specified below), that: 
 (a) Conditions Precedent. All of the requirements for the addition of
Accounts set forth under subsection 2.12(c) of the Transfer and Servicing Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and Servicing Agreement to be made on each
Addition Date shall be true and correct in all material respects on such Addition Date; 
 (b) Legal, Valid and Binding Obligation.
This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity); 

  
 B-3 

 (c) Eligibility of Additional Accounts. As of the Addition Cut-Off Date, each Additional
Account designated hereby was an Eligible Account; 
 (d) Insolvency. As of each of the Addition Cut-Off Date and the Addition Date,
no Insolvency Event with respect to the Trust has occurred and the assignment by the Trust of Receivables arising in the Additional Accounts to the Collateral Agent has not been made in contemplation of the occurrence thereof; 

(e) No Adverse Effect. The acquisition by the Collateral Agent of the Receivables arising in the Additional Accounts shall not, in the
reasonable belief of the Trust, result in an Adverse Effect; 
 (f) No Conflict. The execution and delivery by the Trust of this
Assignment, the performance of the transactions contemplated by this Assignment and the fulfillment of the terms hereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to the Trust or conflict with,
result in any breach of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which
the Trust is a party or by which it or its properties are bound; 
 (g) No Proceedings. There are no proceedings or investigations,
pending or, to the best knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of this Assignment,
(ii) seeking to prevent the consummation of any of the transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would materially and adversely affect the
performance by the Trust of its obligations under this Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Assignment; and 

(h) All Consents. All authorizations, consents, orders or approvals of any court or other governmental authority required to be obtained
by the Trust in connection with the execution and delivery of this Assignment by the Trust and the performance of the transactions contemplated by this Assignment by the Trust, have been obtained. 

6. Conditions Precedent. The acceptance by the Collateral Agent set forth in Section 4 hereof and the amendment of the Asset Pool
One Supplement pursuant to Section 7 hereof are each subject to the satisfaction of the conditions precedent set forth in subsection 2.4(c) of the Asset Pool One Supplement on or prior to the dates specified in such subsection 2.4(c), except to
the extent any such conditions have been waived. For purposes of subsection 2.4(c)(ii) of the Asset Pool One Supplement, “Notice Date” shall having the meaning specified in Section 1 hereof. With respect to the condition specified in
subsection 2.4(c)(xi) of the Asset Pool One Supplement, on or prior to the date hereof, the Administrator, on behalf of the Issuing Entity, shall have delivered to the Collateral Agent a certificate of a Vice President or more senior officer of the
Administrator, substantially in the form of Schedule 2 hereto, certifying that all requirements set forth in clauses (iii) through (x) of subsection 2.4(c) of the Asset Pool One Supplement for designating and conveying Receivables in
Additional Asset Pool One Accounts have been satisfied or waived. The Collateral Agent may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the matters set forth therein, and shall incur no
liability in so relying. 

  
 B-4 

 7. Amendment of the Asset Pool One Supplement. The Asset Pool One Supplement is hereby
amended to provide that all references therein to the “Asset Pool One Supplement,” to “this Asset Pool One Supplement” and to “herein” shall be deemed from and after the Addition Date to be a dual reference to the Asset
Pool One Supplement as supplemented by this Assignment. All references therein to Additional Asset Pool One Accounts shall be deemed to include the Additional Accounts designated hereby and all references therein to Asset Pool One Receivables shall
be deemed to include the Receivables pledged hereby. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall continue to be, and
shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the
Asset Pool One Supplement. 
 8. Counterparts. This Assignment may be executed in two or more counterparts, and by different parties
on separate counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. 
 9.
GOVERNING LAW. THIS ASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 10. Limitation of Liability. It is expressly understood and agreed by the parties
hereto that (a) this Assignment is executed and delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Trust, in the exercise of the powers and authority conferred and vested
in it, (b) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as personal representations, undertakings and agreements by WTC but is made and intended for the purpose of binding
only the Trust, (c) nothing herein contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained herein of the Trust, all such liability, if any, being
expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness of any representations and warranties made by the Trust
in this Assignment and (e) under no circumstances shall WTC be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or covenant made or
undertaken by the Trust under this Assignment or any other related documents. 
 [REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK] 

  
 B-5 

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

			
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 
		 	 Name:
 Title:

	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent
		
	By:	 	 
		 	 Name:
 Title:

  

			
	 Acknowledged by:
  

CHASE BANK USA,
 NATIONAL ASSOCIATION,

as Servicer

		
	By:	 	 
		 	 Name:
 Title:

  
 B-6 

 Schedule 1 (to Exhibit B) 

LIST OF ADDITIONAL ASSET POOL ONE ACCOUNTS 

[TO BE DELIVERED TO THE COLLATERAL AGENT BY THE TRUST AND MARKED 

AS SCHEDULE 1 TO THIS ASSIGNMENT] 

  
 B-7 

 Schedule 2 (to Exhibit B) 

Chase Issuance Trust 

Officer’s Certificate 

                    , a duly authorized
officer of Chase Bank USA, National Association, as administrator (the “Administrator”) for the Chase Issuance Trust (the “Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of
[his/her] knowledge the following statements are true on             (the “Addition Date”), and acknowledges on behalf of the Trust that this Officer’s Certificate
will be relied upon by Wells Fargo Bank, National Association (“Wells Fargo”), as collateral agent (the “Collateral Agent”) in connection with the Collateral Agent entering into Assignment No.
            of Receivables in Additional Accounts, dated as of             (the “Assignment”), by and between
the Trust and the Collateral Agent, in connection with the Third Amended and Restated Asset Pool One Supplement, dated as of __, 2016 (as heretofore supplemented and amended, the “Asset Pool One Supplement”), by and between the
Trust and Wells Fargo as indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Trust that: 

(a) Representations and Warranties. Each of the representations and warranties made by the Trust in Section 5 of the Assignment is
accurate as of the Addition Date. 
 (b) Conditions Precedent. All of the requirements for the addition of Accounts set forth under
clauses (iii) through (x) of subsection 2.4(c) of the Asset Pool One Supplement shall have been satisfied in all material respects on the Addition Date or waived. 

Initially capitalized terms used herein and not otherwise defined are used as defined in the Asset Pool One Supplement. 

  
 B-8 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the day and year first set forth above.

  

			
	CHASE ISSUANCE TRUST
		
	By:	 	 WILMINGTON TRUST COMPANY,
 not in its individual
capacity but solely
 as Owner Trustee

		
	By:	 	 
		 	 Name:
 Title:

  
 B-9 

 Exhibit C 

FORM OF ASSIGNMENT OF AN ADDITIONAL COLLATERAL CERTIFICATE 

INCLUDED IN ASSET POOL ONE 
 (as
required by subsection 2.4(c)(vi) of the Asset Pool One Supplement) 
 ASSIGNMENT NO.
            OF AN ADDITIONAL COLLATERAL CERTIFICATE INCLUDED IN ASSET POOL ONE (this “Assignment”) dated as of
            , by and between CHASE ISSUANCE TRUST (the “Issuing Entity” or the “Trust”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells
Fargo”) as collateral agent (the “Collateral Agent”), pursuant to the Asset Pool One Supplement referred to below. 

W I T N E S S E T H: 
 WHEREAS,
the Trust and Wells Fargo, as Collateral Agent and Indenture Trustee, are parties to the Third Amended and Restated Asset Pool One Supplement, dated as of     , 2016 (hereinafter as such agreement may have been, or may from time
to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 
 WHEREAS, pursuant to
subsection 2.4(a) or 2.4(b) of the Asset Pool One Supplement, the Trust wishes to designate an Additional Collateral Certificate to be included as an Asset Pool One Collateral Certificate and to pledge hereby such Additional Collateral Certificate
to the Collateral Agent; and 
 WHEREAS, the Collateral Agent, on behalf of and for the benefit and security of the Asset Pool One
Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, is willing to accept such designation and pledge subject to the terms and conditions hereof; 

NOW, THEREFORE, the Trust and the Collateral Agent agree as follows: 

1. Defined Terms. All capitalized terms used herein shall have the meanings ascribed to them in the Asset Pool One Supplement or, if not
defined therein, in the Transfer and Servicing Agreement, unless otherwise defined herein. 
 “Addition Date” shall mean,
with respect to the Additional Collateral Certificate designated on Schedule 1 hereto,             . 

“Notice Date” shall mean, with respect to the Additional Collateral Certificate designated on Schedule 1 hereto,
            [which shall be a date on or prior to the third Business Day prior to the Addition Date with respect to additions pursuant to subsection 2.4(a) of the Asset Pool One Supplement
and the fifth Business Day prior to the Addition Date with respect to additions pursuant to subsection 2.4(b) of the Asset Pool One Supplement]. 

  
 C-1 

 2. Pledge of Additional Collateral Certificates. 

(a) The Trust does hereby grant to the Collateral Agent, for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee,
in its individual capacity and the Collateral Agent, in its individual capacity, a security interest in all of its right, title and interest, whether now owned or hereafter acquired, in and to the Additional Collateral Certificate. The foregoing
does not constitute and is not intended to result in the creation or assumption by the Collateral Agent of any obligation of the Trust or any other Person in connection with the Additional Collateral Certificate or under any agreement or instrument
relating thereto, including any obligation to Obligors, merchant banks, merchants clearance systems, VISA®, MasterCard®2 or insurers. This Assignment constitutes a security agreement under the UCC. 
 (b) If
necessary, the Trust agrees to record and file, at its own expense, financing statements (and continuation statements when applicable) with respect to the Additional Collateral Certificate meeting the requirements of applicable state law in such
manner and in such jurisdictions as are necessary to perfect, and maintain perfection of, the assignment of its interest in such Additional Collateral Certificate to the Collateral Agent, and to deliver a file-stamped copy of each such financing
statement or other evidence of such filing to the Collateral Agent on or prior to the Addition Date. Neither the Indenture Trustee nor the Collateral Agent shall be under any obligation whatsoever to file such financing or continuation statements or
to make any filing under the UCC in connection with such assignment. 
 (c) The parties agree hereto that all pledges of Additional
Collateral Certificates to the Collateral Agent pursuant to this Assignment are subject to, and shall be treated in accordance with, the Delaware Act and each of the parties hereto agrees that this Assignment has been entered into by the parties
hereto in express reliance upon the Delaware Act. For purposes of complying with the requirements of the Delaware Act, each of the parties hereto hereby agrees that any property, assets or rights purported to be pledged, in whole or in part, by the
Trust pursuant to this Assignment shall be deemed to no longer be the property, assets or rights of the Trust. The parties hereto acknowledge and agree that each such pledge is occurring in connection with a “securitization transaction”
within the meaning of the Delaware Act. 
 3. Acceptance by the Collateral Agent. The Collateral Agent hereby acknowledges its
acceptance for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, of a security interest in all right, title and interest to the
Additional Collateral Certificate which has been pledged to the Collateral Agent pursuant to Section 2(a) of this Assignment. 

 

	2 	VISA® and MasterCard® are registered trademarks of VISA U.S.A., Inc., and of MasterCard International
Inc., respectively. 

  
 C-2 

 4. Representations and Warranties of the Trust. The Trust hereby represents and warrants
to the Collateral Agent, as of the Addition Date, that: 
 (a) Conditions Precedent. All of the requirements for the addition of
Additional Collateral Certificates set forth under subsection 2.12(c) of the Transfer and Servicing Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and Servicing
Agreement to be made on each Addition Date shall be true and correct in all material respects on such Addition Date; 
 (b) Legal, Valid
and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust 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); 
 (c) Eligibility of Additional Collateral Certificate. As of the Addition Date, the Additional Collateral
Certificate designated hereby is an Eligible Collateral Certificate; 
 (d) Insolvency. As of the Addition Date, no Insolvency Event
with respect to the Trust has occurred and the pledge by the Trust of the Additional Collateral Certificate to the Collateral Agent has not been made in contemplation of the occurrence thereof; 

(e) No Adverse Effect. The acquisition by the Collateral Agent of the Additional Collateral Certificate shall not, in the reasonable
belief of the Trust, result in an Adverse Effect; 
 (f) No Conflict. The execution and delivery by the Trust of this Assignment, the
performance of the transactions contemplated by this Assignment and the fulfillment of the terms hereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to the Trust or conflict with, result in any breach
of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which the Trust is a party
or by which it or its properties are bound; 
 (g) No Proceedings. There are no proceedings or investigations, pending or, to the best
knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of this Assignment, (ii) seeking to prevent the
consummation of any of the transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would materially and adversely affect the performance by the Trust of its
obligations under this Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Assignment; and 

(h) All Consents. All authorizations, consents, orders or approvals of any court or other governmental authority required to be obtained
by the Trust in connection with the execution and delivery of this Assignment by the Trust and the performance of the transactions contemplated by this Assignment by the Trust, have been obtained. 

  
 C-3 

 5. Conditions Precedent. The acceptance by the Collateral Agent set forth in
Section 3 hereof and the amendment of the Asset Pool One Supplement pursuant to Section 6 hereof are each subject to the satisfaction of the conditions precedent set forth in subsection 2.4(c) of the Asset Pool One Supplement on or prior
to the dates specified in such subsection 2.4(c). For purposes of subsection 2.4(c)(ii) of the Asset Pool One Supplement, “Notice Date” shall having the meaning specified in Section 1 hereof. With respect to the condition specified in
subsection 2.4(c)(xi) of the Asset Pool One Supplement, on or prior to the date hereof, the Administrator, on behalf of the Trust, shall have delivered to the Collateral Agent a certificate of a Vice President or more senior officer of the
Administrator, substantially in the form of Schedule 2 hereto, certifying that all requirements set forth in subsection 2.4(c) of the Asset Pool One Supplement for designating and conveying Additional Collateral Certificates have been satisfied. The
Collateral Agent may conclusively rely on such Officer’s Certificate, shall have no duty to make inquiries with regard to the matters set forth therein, and shall incur no liability in so relying. 

6. Amendment of the Asset Pool One Supplement. The Asset Pool One Supplement is hereby amended to provide that all references therein to
the “Asset Pool One Supplement,” to “this Asset Pool One Supplement” and to “herein” shall be deemed from and after the Addition Date to be a dual reference to the Asset Pool One Supplement as supplemented by this
Assignment. All references therein to Additional Asset Pool One Collateral Certificates shall be deemed to include the Additional Collateral Certificate designated hereby. Except as expressly amended hereby, all of the representations, warranties,
terms, covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall continue to be, and shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or
be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Asset Pool One Supplement. 

7. 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. 
 8. GOVERNING LAW. THIS ASSIGNMENT
SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

 9. Limitation of Liability. It is expressly understood and agreed by the parties hereto that (a) this Assignment is executed and
delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Trust, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations,
undertakings and agreements herein made on the part of the Trust is made and intended not as personal representations, undertakings and agreements by WTC but is made and intended for the purpose of binding only the Trust, (c) nothing herein
contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained herein of the Trust, all such liability, if any, being expressly waived by the parties hereto
and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness of any representations and warranties made by the Trust in this Assignment and (e) under no
circumstances shall WTC be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this
Assignment or any other related documents. 

  
 C-4 

 IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust, and the Collateral Agent have
caused this Assignment to be duly executed by their respective officers as of the day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 
		 	 Name:
 Title:

	
	 WELLS FARGO BANK,
 NATIONAL
ASSOCIATION,
 as Collateral Agent

		
	By:	 	 
		 	 Name:
 Title:

  
 C-5 

 Schedule 1 (to Exhibit C) 

LIST OF ADDITIONAL ASSET POOL ONE COLLATERAL CERTIFICATES 

  
 C-6 

 Schedule 2 (to Exhibit C) 

Chase Issuance Trust 

Officer’s Certificate 

            , a duly authorized officer of Chase Bank USA, National Association,
as administrator (the “Administrator”) for the Chase Issuance Trust (the “Issuing Entity” or the “Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of [his/her]
knowledge the following statements are true on             (the “Addition Date”), and acknowledges on behalf of the Trust that this Officer’s Certificate will be
relied upon by Wells Fargo Bank, National Association (“Wells Fargo”), as collateral agent (the “Collateral Agent”) in connection with the Collateral Agent entering into Assignment No.
            of an Additional Collateral Certificate, dated as of             (the “Assignment”), by and between
the Trust and the Collateral Agent, in connection with the Third Amended and Restated Asset Pool One Supplement, dated as of __, 2016 (as heretofore supplemented and amended, the “Asset Pool One Supplement”), by and between the
Trust and Wells Fargo as indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Trust that: 

(a) Conditions Precedent. All of the requirements for the addition of Additional Collateral Certificates set forth under subsection
2.4(c) of the Asset Pool One Supplement shall have been satisfied in all material respects on the Addition Date. 
 (b) Delivery of
Assignment. On or before the Addition Date, with respect to the Additional Asset Pool One Collateral Certificate, the Trust has delivered to the Collateral Agent the Assignment (including an acceptance by the Collateral Agent for the benefit and
security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity). 

(c) Legal, Valid and Binding Obligation. The Assignment constitutes a legal, valid and binding obligation of the Trust enforceable
against the Trust 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). 

(d) Eligibility of Additional Collateral Certificate. As of the Addition Date, each Additional Collateral Certificate designated
pursuant to the Assignment is an Eligible Collateral Certificate. 
 (e) Insolvency. As of the Addition Date, no Insolvency Event with
respect to the Trust has occurred and the pledge by the Trust of the Additional Collateral Certificate to the Collateral Agent has not been made in contemplation of the occurrence thereof. 

(f) No Adverse Effect. The acquisition by the Collateral Agent of the Additional Collateral Certificate shall not, in the reasonable
belief of the Trust, result in an Adverse Effect. 

  
 C-7 

 (g) No Conflict. The execution and delivery by the Trust of this Assignment, the
performance of the transactions contemplated by the Assignment and the fulfillment of the terms thereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to the Trust or conflict with, result in any breach
of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to which the Trust is a party
or by which it or its properties are bound. 
 (h) No Proceedings. There are no proceedings or investigations, pending or, to the best
knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of the Assignment, (ii) seeking to prevent the
consummation of any of the transactions contemplated by the Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would materially and adversely affect the performance by the Trust of its
obligations under the Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of the Assignment. 

(i) All Consents. All authorizations, consents, orders or approvals of any court or other governmental authority required to be obtained
by the Trust in connection with the execution and delivery of the Assignment by the Trust and the performance of the transactions contemplated by the Assignment by the Trust, have been obtained. 

Initially capitalized terms used herein and not otherwise defined are used as defined in the Asset Pool One Supplement. 

  
 C-8 

 IN WITNESS WHEREOF, I have hereunto set my hand this
            day of             . 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	 WILMINGTON TRUST COMPANY,

not in its individual capacity but solely
 as Owner
Trustee

		
	 By:
	 	  

		 	 Name:

Title:

  
 C-9 

 Exhibit D 

FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS 

INCLUDED IN ASSET POOL ONE 
 (as
required by subsection 2.5(b)(ii) of the Asset Pool One Supplement) 
 REASSIGNMENT NO.
            OF RECEIVABLES INCLUDED IN ASSET POOL ONE (this “Reassignment”), dated as of             , by and
between the CHASE ISSUANCE TRUST (the “Issuing Entity” or the “Trust”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Collateral Agent”), pursuant to the Asset Pool One Supplement referred to
below. 
 W I T N E S S E T H: 

WHEREAS, the Trust and the Collateral Agent are parties to the Third Amended and Restated Asset Pool One Supplement, dated as of
    , 2016 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 

WHEREAS, pursuant to the Asset Pool One Supplement, the Trust wishes to remove from Asset Pool One all Asset Pool One Receivables in certain
designated Asset Pool One Accounts identified on Schedule 1 to this Reassignment (the “Removed Asset Pool One Accounts”) and to cause the Collateral Agent to reassign the Asset Pool One Receivables of such Removed Asset Pool One
Accounts, whether now existing or hereafter created, from the Collateral Agent to the Trust; and 
 WHEREAS, the Collateral Agent is willing
to accept such designation and to reassign the Asset Pool One Receivables in the Removed Asset Pool One Accounts subject to the terms and conditions hereof; 

NOW, THEREFORE, the Owner Trustee, on behalf of the Trust, and the Collateral Agent hereby agree as follows: 

1. Defined Terms. All terms defined in the Asset Pool One Supplement and used herein shall have such defined meanings when used herein,
unless otherwise defined herein. 
 “Removal Cut-Off Date” shall mean, with respect to the Removed Asset Pool One Accounts
designated hereby,              
 “Removal Date” shall mean,
with respect to the Removed Asset Pool One Accounts designated hereby,              

“Removal Notice Date” shall mean, with respect to the Removed Asset Pool One Accounts,
            . 

  
 D-1 

 2. Designation of Removed Asset Pool One Accounts. No later than five Business Days after
the Removal Date, or as otherwise agreed upon between the Trust and the Collateral Agent, the Trust will deliver to the Collateral Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a
computer file, microfiche list, CD-ROM or such other form as is agreed upon between the Transferor and the Collateral Agent) of all Removed Asset Pool One Accounts, identified by account number and the aggregate amount of Asset Pool One Principal
Receivables in each Removed Asset Pool One Account as of the Removal Cut-Off Date, which list shall, as of the Removal Date, modify and amend and be incorporated into and made a part of this Reassignment and the Asset Pool One Supplement. 

3. Reassignment of Receivables. The Collateral Agent does hereby reassign to the Trust, without recourse, on and after the Removal Date,
all right, title and interest of the Collateral Agent in, to and under the Asset Pool One Receivables now existing and hereafter created from time to time in the Removed Asset Pool One Accounts, all Interchange and Recoveries related thereto, all
monies due or to become due (including all Asset Pool One Finance Charge Receivables) and all amounts received or receivable with respect thereto and all proceeds (as defined in the UCC as in effect in the applicable jurisdiction) thereof (the
“Removed Collateral”). 
 4. Conditions Precedent. The reassignment hereunder of the Asset Pool One Receivables in
the Removed Asset Pool One Accounts and the amendment of the Asset Pool One Supplement pursuant to Section 7 of this Reassignment are each subject to the satisfaction, on or prior to the Removal Date, of the conditions set forth in subsection
2.5(b) of the Asset Pool One Supplement. 
 5. Representations and Warranties. The Trust hereby represents and warrants to the
Collateral Agent as of the Removal Date that: 
 (a) Legal, Valid and Binding Obligation. This Reassignment constitutes a legal, valid
and binding obligation of the Trust enforceable against the Trust, 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 the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law
or in equity); and 
 (b) List of Removed Accounts. The list of Removed Asset Pool One Accounts delivered pursuant to subsection
2.5(b)(ii) of the Asset Pool One Supplement, as of the Removal Date, is accurate in all material respects. 
 6. Representations and
Warranties of the Servicer. No selection procedures believed by the Servicer to be materially adverse to the interests of the Asset Pool One Noteholders were utilized in selecting the Removed Asset Pool One Accounts to be removed from the Trust
and (I) a random selection procedure was used by the Servicer in selecting the Removed Asset Pool One Accounts and only one such removal of randomly selected Accounts shall occur in the then current Monthly Period, (II) the Removed Asset Pool
One Accounts arose 

  
 D-2 

 
pursuant to an affinity, private-label, agent-bank, co-branding or other arrangement with a third party that has been cancelled by such third party or has expired without renewal and which by its
terms permits the third party to repurchase the Removed Asset Pool One Accounts subject to such arrangement, upon such cancellation or non-renewal and the third party has exercised such repurchase right or (III) the Removed Asset Pool One Accounts
were selected using another method that will not preclude transfers from satisfying the conditions for sale accounting treatment under generally accepted accounting principles in effect for reporting periods before November 15, 2009. 

7. Amendment of the Asset Pool One Supplement. The Asset Pool One Supplement is hereby amended to provide that all references therein to
the “Asset Pool One Supplement,” to “this Asset Pool One Supplement” and to “herein” shall be deemed from and after the Removal Date to be a dual reference to the Asset Pool One Supplement as supplemented by this
Reassignment. All references therein to the Asset Pool One Accounts shall be deemed not to include the Removed Asset Pool One Accounts designated hereunder and all references to Asset Pool One Receivables shall be deemed not to include the Asset
Pool One Receivables reassigned hereunder. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall continue to be, and shall
remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Asset
Pool One Supplement. 
 8. Release. 

(a) The Collateral Agent hereby expressly terminates, relinquishes, releases, discharges and renders ineffective any and all security
interests, liens, mortgages and encumbrances, as against the Trust, any transferee of the Trust and any person claiming title to or an interest in the Removed Collateral through any such person, or any successor or assign of any of the foregoing
(all such persons and entities being referred to individually as a “Transferee” and collectively as the “Transferees”), any and all right, title, benefit, interest or claim whatsoever, present or future, actual or
contingent (collectively, “Rights”), owned or held by the Collateral Agent to, against or in respect of the Removed Collateral. 

(b) In case any provision of this Reassignment shall be rendered invalid, illegal or unenforceable in any jurisdiction, the Collateral Agent
hereby acknowledges that its interest in the Removed Collateral is subordinate and junior to the security interest of any Transferee and hereby expressly agrees that any security interest it may have in any Removed Collateral is and shall remain
subordinate and junior to all security interests granted by a Transferee, regardless of the time of the recording, perfection or filing thereof or with respect thereto. 

(c) The Collateral Agent acknowledges and agrees that the Transferees and their representatives are expressly entitled to rely on the
provisions of this Section 8, it being the intent of the Collateral Agent that the Transferees will acquire title to the Removed Collateral purchased by them free of any Rights owned or held by the Collateral Agent to, against or in respect of
the Removed Collateral. 

  
 D-3 

 9. 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. 

10. GOVERNING LAW. THIS REASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO
ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

11. Limitation of Liability. It is expressly understood and agreed by the parties hereto that (a) this Reassignment is executed and
delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Trust, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations,
undertakings and agreements herein made on the part of the Trust is made and intended not as personal representations, undertakings and agreements by WTC but is made and intended for the purpose of binding only the Trust, (c) nothing herein
contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained herein of the Trust, all such liability, if any, being expressly waived by the parties hereto
and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness of any representations and warranties made by the Trust in this Reassignment and (e) under no
circumstances shall WTC be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Trust under this
Reassignment or any other related documents. 
 12. Authorization. The Collateral Agent hereby authorizes the Trust, or any agent
designated by the Trust, to file any financing statements or continuation statements, and amendments to financing statements, in any jurisdictions and with any filing offices as the Trust may determine, in its sole discretion, are necessary or
advisable to reflect the reassignment to the Trust pursuant to Section 3 hereof. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral that
describes such property in any other manner as the Trust may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Trust in connection herewith,
including, without limitation, describing such property as “all assets” or “all personal property.” 

  
 D-4 

 IN WITNESS WHEREOF, the Owner Trustee, on behalf of the Trust, and the Collateral Agent have
caused this Reassignment to be duly executed by their respective officers as of the day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	  

		 	 Name:
 Title:

	
	WELLS FARGO BANK, NATIONAL
ASSOCIATION, as Collateral Agent
		
	By:	 	  

		 	 Name:
 Title:

  
 D-5 

 Schedule 1 (to Exhibit D) 

LIST OF REMOVED ASSET POOL ONE ACCOUNTS 

[Delivered to the Owner Trustee] 

  
 D-6 

 Schedule 2-A (to Exhibit D) 

Chase Issuance Trust 

Officer’s Certificate 

            , a duly authorized officer of Chase Bank USA, National Association,
as administrator (the “Administrator”) for the Chase Issuance Trust (the “Issuing Entity” or the “Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of [his/her]
knowledge the following statements are true on             (the “Removal Date”), and acknowledges on behalf of the Trust that this Officer’s Certificate will be relied
upon by Wells Fargo Bank, National Association (“Wells Fargo”), as collateral agent (the “Collateral Agent”) in connection with the Collateral Agent entering into Reassignment No.
            of Receivables in Removed Accounts, dated as of             (the “Reassignment”), by and between the
Trust and the Collateral Agent, in connection with the Third Amended and Restated Asset Pool One Supplement, dated as of     , 2016 (as heretofore supplemented and amended, the “Asset Pool One Supplement”), by
and between the Trust and Wells Fargo as indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Trust that: 

(a) Delivery of Reassignment. On or prior to the Removal Date, the Trust has delivered to the Collateral Agent, for execution, the
Reassignment and within five Business Days after the Removal Date, the Trust shall deliver to the Collateral Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a computer file, microfiche
list, CD-ROM or such other form as is agreed upon between the Transferor and the Collateral Agent) of the Removed Asset Pool One Accounts, identified by account number and the aggregate amount of the Asset Pool One Receivables in each Removed Asset
Pool One Account as of the Removal Cut-Off Date and such list shall, as of the Removal Date, modify and amend and be incorporated into and made a part of the Reassignment and the Asset Pool One Supplement. 

(b) Legal, Valid and Binding Obligation. The Reassignment constitutes a legal, valid and binding obligation of the Trust enforceable
against the Trust 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 the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 

(c) The removal of any Asset Pool One Receivables of any Removed Asset Pool One Accounts on any Removed Date shall not, in the reasonable
belief of the Trust cause an Adverse Effect or the Asset Pool One Transferor Amount to be less than the Asset Pool One Required Transferor Amount or the Asset Pool One Pool Balance to be less than the Asset Pool One Minimum Pool Balance for the
Minimum Pool Balance for the Monthly Period in which such removal occurs; and 

  
 D-7 

 (d) Conditions Precedent. All requirements set forth in Section 2.5(b) of the Asset
Pool One Supplement for designating Removed Asset Pool One Accounts and conveying the Asset Pool One Principal Receivables of such Asset Pool One Accounts, whether now existing or hereafter created, have been satisfied. 

Initially capitalized terms used herein and not otherwise defined are used as defined in the Asset Pool One Supplement. 

  
 D-8 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the date hereinabove set forth. 

 

			
	CHASE ISSUANCE TRUST
		
	By:	 	 WILMINGTON TRUST COMPANY,

not in its individual capacity but solely
 as Owner
Trustee

		
	 By:
	 	  

		 	 Name:

Title:

  
 D-9 

 Schedule 2-B (to Exhibit D) 

Chase Bank USA, National Association 

Chase Issuance Trust 

Officer’s Certificate 

            , a duly authorized officer of Chase Bank USA, National Association, a
national banking association (the “Servicer”), hereby certifies and acknowledges on behalf of the Servicer that to the best of [her/his] knowledge the following statements are true on
            (the “Removal Date”), and acknowledges on behalf of the Servicer that this Officer’s Certificate will be relied upon by Wells Fargo Bank, National
Association, as Collateral Agent (the “Collateral Agent”) of the Chase Issuance Trust in connection with the Collateral Agent entering into Reassignment No.             of
Receivables in Removed Accounts, dated as of the related Removal Date (the “Reassignment”), by and between the Issuing Entity and the Collateral Agent, in connection with the Third Amended and Restated Asset Pool One Supplement,
dated as of     , 2016 (as heretofore supplemented and amended, the “Asset Pool One Supplement”), by and among the Trust, and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent. The
undersigned hereby certifies and acknowledges on behalf of the Servicer that: 
 (a) (x) a random selection procedure was used by the
Servicer in selecting the Removed Asset Pool One Accounts and only one such removal of randomly selected Accounts shall occur in the then current Monthly Period, (y) the Removed Asset Pool One Accounts arose pursuant to an affinity,
private-label, agent-bank, co-branding or other arrangement with a third party that has been cancelled by such third party or has expired without renewal and which by its terms permits the third party to repurchase the Removed Asset Pool One
Accounts subject to such arrangement, upon such cancellation or non-renewal and the third party has exercised such repurchase right or (z) the Removed Asset Pool One Accounts were selected using another method that will not preclude transfers
from satisfying the conditions for sale accounting treatment under generally accepted accounting principles in effect for reporting periods before November 15, 2009; and 

(b) on or before the Removal Notice Date specified in the Reassignment, the Servicer gave each Note Rating Agency written notice that the
Asset Pool One Receivables from the Removed Asset Pool One Accounts are to be reassigned to the Trust or its designee, specifying the date for removal of the Removed Asset Pool One Accounts. 

Initially capitalized terms used herein and not otherwise defined are used as defined in the Asset Pool One Supplement. 

  
 D-10 

 IN WITNESS WHEREOF, I have hereunto set my hand as of the date hereinabove set forth. 

 

			
	CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer
		
	By:	 	 
		 	 Name:
 Title:

  
 D-11 

 Exhibit E-1 

Reserved 

  
 E-1-1 

 Exhibit E-2 

Reserved 

  
 E-2-1 

 Exhibit F 

CHASE ISSUANCE TRUST 

Asset Pool One Monthly Servicer’s Certificate 

Monthly Period:     , 20     

 

	1.	Capitalized terms used in this certificate have their respective meanings set forth in the Fourth Amended and Restated Indenture, dated as of     , 2016 (as amended, supplemented or otherwise
modified, the “Indenture”), and the Third Amended and Restated Asset Pool One Supplement, dated as of     , 2016 (as amended, supplemented or otherwise modified, the “Asset Pool One Supplement”),
each between the Chase Issuance Trust and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent. 

  

	2.	As of the date hereof, Chase Bank USA, National Association is the Servicer and Administrator under the Transfer and Servicing Agreement and Chase Card Funding LLC is the Transferor. 

 

	3.	The undersigned is a Responsible Officer of Servicer. 

  

	4.	Collateral of Asset Pool One 

  

									
	 	  	Beginning Balance	 	 	Ending Balance	 
	 Principal Receivables
	  	 	—  	  	 	 	—  	  
	 Excess Funding Amount
	  	 	—  	  	 	 	—  	  
		  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	—  	  	 	 	—  	  
	 5a. The Nominal Liquidation Amount of all Asset Pool One Notes as of the last day of the related Monthly Period
	  				 			
	 CHASEseries
	  				 	 	—  	  
		  				 	  
	  
	 
	 TOTAL
	  				 	 	—  	  
	 5b. Asset Pool One Transferor Amount for the related Monthly Period
	  				 	 	—  	  
	 5c. Asset Pool One Required Transferor Amount for the related Monthly Period
	  				 	 	—  	  
	 5d. Asset Pool One Pool Balance for the related Monthly Period
	  				 	 	—  	  
	 5e. Asset Pool One Minimum Pool Balance for the related Monthly Period
	  				 	 	—  	  
	 6a. The aggregate amount of Collections of Principal Receivables received by Asset Pool One for the related Monthly
Period
	  				 	 	—  	  
	 6b. The aggregate amount of Collections of Principal Receivables allocated pursuant to Section 3.3 of the Asset Pool One
Supplement for the related Monthly Period
	  				 			
	 CHASEseries
	  	 	—  	%	 	 	—  	  
		  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	—  	%	 	 	—  	  

  
 F-1 

									
	 7a. The aggregate amount of Collections of Finance Charge Receivables received by Asset Pool One for the related Monthly
Period
	  				 	 	—  	  
	 Collections of Discount Receivables included in 7a above
	  				 	 	—  	  
			
	 7b. The aggregate amount of Collections of Finance Charge Receivables allocated pursuant to subsection 3.2(a) of the Asset Pool
One Supplement for the related Monthly Period
	  				 			
	 CHASEseries
	  	 	—  	%	 	 	—  	  
		  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	—  	%	 	 	—  	  
	 8a. The Asset Pool One Servicing Fee for the related Monthly Period
	  				 	 	—  	  
	 8b. The Asset Pool One Servicing Fee allocated to each Series pursuant to subsection 3.4(b) of the Asset Pool One Supplement for
the related Monthly Period
	  				 			
	 CHASEseries
	  	 	—  	%	 	 	—  	  
		  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	—  	%	 	 	—  	  
	 9a. The Asset Pool One Default Amount for the related Monthly Period
	  				 	 	—  	  
	 9b. The Asset Pool One Default Amount allocated to each Series pursuant to subsection 3.2(b) of the Asset Pool One Supplement for
the related Monthly Period
	  				 			
	 CHASEseries
	  	 	—  	%	 	 	—  	  
		  	  
	  
	 	 	  
	  
	 
	 TOTAL
	  	 	—  	%	 	 	—  	  

											
	
	 10. Delinquencies as of the last day of the related Monthly Period
	   

				
	Pool Balance	  	Number of Accounts	  	Amount of Receivables	 	  	Percentage of Receivables	 
	 Number of Days Delinquent
	  		  				  			
	 30-59 days
	  		  	$	 	  	  	 	—  	%
	 60-89 days
	  		  				  	 	—  	%
	 90-119 days
	  		  				  	 	—  	%
	 120-149 days
	  		  				  	 	—  	%
	 150-179 days
	  		  				  	 	—  	%
	 180 or more days
	  		  				  	 	—  	%
		  	  
	  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  		  	$	 	  	  	 	—  	%

  
 F-2 

					
		
	 11. Losses and Recoveries for the related Monthly Period
	  			
		
		  	 	As of     , 20    	  
		
	 Average Pool Balance3
	  			
		
	 Gross Losses4
	  			
		
	 Gross Losses as a Percentage of Average Pool Balance
	  			
		
	 Recoveries5
	  			
		
	 Net Losses6
	  			
		
	 Net Losses as a percentage of Average Pool Balance
	  			
		
	 Number of Accounts Charged Off During the Monthly Period
	  			
		
	 Average Net Loss Amount on Accounts Charged Off during the Monthly Period
	  			

  

	12.	Change in Sponsor’s or affiliate’s interest in securities for the related Monthly Period 

  

																	
	 	  	[LAST DAY OF PREVIOUS MONTH]	 	  	[LAST DAY OF MONTH]	 
	 [Seller’s Interest
	  				  			
	 Seller’s Interest (%)]7
	  				  			
	 CHASEseries Notes held by the Sponsor or an Affiliate8
	  	 	Tranche	  	  	 	Amount	  	  	 	Tranche	  	  	 	Amount	  

  

	3 	Average Pool Balance means “Asset Pool One Average Principal Balance” as defined in the Asset Pool One Supplement. 

	4 	Gross Losses are charge-offs of principal receivables. Gross Losses do not include the amount of any reductions in principal receivables due to fraud, returned goods or customer disputes, the amount of which instead
results in the reduction of the Asset Pool One Transferor Amount. 

	5 	Recoveries are amounts received on previously charged-off receivables during the related Monthly Period, and allocated to the issuing entity pro rata, based on the amount of gross losses in the issuing entity as a
percentage of gross losses in the Servicer’s managed portfolio of credit card receivables for the related Monthly Period. 

	6 	Net Losses are Gross Losses minus Recoveries. Net Losses do not include any reductions in principal receivables due to fraud, returned goods or customer disputes, the amount of which instead results in the reduction of
the Asset Pool One Transferor Amount. 

	7 	[TO BE INCLUDED AFTER DECEMBER 24, 2016. The Seller’s Interest percentage is calculated by dividing the Seller’s Interest, which is equal to the Asset Pool One Transferor Amount, by the aggregate unpaid
principal balance of all outstanding investor asset-backed security interests in the Issuing Entity. The required risk retention percentage is 5%] 

	8 	The securities listed here are not being relied upon to satisfy the U.S. Risk Retention Requirements (79 FR 77601). [The securities listed do not include any securities held by any affiliate of the sponsor as a result
of unsold allotments or in connection with market making activities.] 

  
 F-3 

											
		  	 	Class B(2010-3)	  	 	$	  	Class B(2010-3)	 	$
		  	 	Class B(2012-2)	  	 		  	Class B(2012-2)	 	
		  	 	Class B(2013-1)	  	 		  	Class B(2013-1)	 	
		  	 	Class B(2015-1)	  	 		  	Class B(2015-1)	 	
		  	 	Class C(2010-3)	  	 		  	Class C(2010-3)	 	
		  	 	Class C(2012-2)	  	 		  	Class C(2012-2)	 	
		  	 	Class C(2013-1)	  	 		  	Class C(2013-1)	 	
		  	 	Class C(2015-1)	  	 		  	Class C(2015-1)	 	
	 Total of CHASEseries Notes held by Sponsor or an Affiliate
	  	$	 	  	 	$	  	

 IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate on this date     ,
    . 
  

			
	CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer
		
	By:	 	  

		 	Name:
		 	Title:

  
 F-4 

 Schedule 1 

LIST OF ASSET POOL ONE ACCOUNTS 

Delivered to the Collateral Agent 

[Deemed Incorporated] 

  
 Schedule 1-1

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