Document:

EXECUTION COPY

        

        

        	
                 

        

        

        
        BA CREDIT CARD TRUST

        

        as Issuer

        

        

        
        CLASS A(2007-10) TERMS
        DOCUMENT

        

        dated as of July 26, 2007

        

        to

        

        AMENDED AND RESTATED BASERIES INDENTURE SUPPLEMENT

        

        dated as of June 10, 2006

        

        to

        

        SECOND AMENDED AND RESTATED INDENTURE

        

        
        dated as of October 20,
        2006

        

        

        
        THE BANK OF NEW YORK

        

        as Indenture Trustee

        

        

        

        	
                 

        

        

        

        

        

        

        	
                    
                    ARTICLE
                    I

                	
                 
	
                    
                    Definitions and Other Provisions
                    of General Application

                	
                 
	
                 	
                 
	
                    
                    Section 1.01.
                    Definitions

                	
                    
                    1

                
	
                 	
                 
	
                    
                    Section 1.02. Governing Law;
                    Submission to Jurisdiction; Agent for Service of Process

                	
                    
                    5

                
	
                 	
                 
	
                    
                    Section 1.03.
                    Counterparts

                	
                    
                    6

                
	
                 	
                 
	
                    
                    Section 1.04. Ratification of
                    Indenture and Indenture Supplement

                	
                    
                    6

                
	
                 	
                 
	
                    
                    ARTICLE II

                	
                 
	
                    
                    The Class A(2007-10)
                    Notes

                	
                 
	
                 	
                 
	
                    
                    Section 2.01. Creation and
                    Designation

                	
                    
                    7

                
	
                 	
                 
	
                    
                    Section 2.02. Specification of
                    Required Subordinated Amount and other Terms

                	
                    
                    7

                
	
                 	
                 
	
                    
                    Section 2.03. Interest
                    Payment

                	
                    
                    7

                
	
                 	
                 
	
                    
                    Section 2.04. Calculation Agent;
                    Determination of LIBOR

                	
                    
                    8

                
	
                 	
                 
	
                    
                    Section 2.05. Payments of Interest
                    and Principal

                	
                    
                    9

                
	
                 	
                 
	
                    
                    Section 2.06. Form of Delivery of
                    Class A(2007-10) Notes; Depository; Denominations

                	
                    
                    9

                
	
                 	
                 
	
                    
                    Section 2.07. Delivery and Payment
                    for the Class A(2007-10) Notes

                	
                    
                    9

                
	
                 	
                 
	
                    
                    Section 2.08. Targeted Deposits to
                    the Accumulation Reserve Account

                	
                    
                    9

                
	
                 	
                 
	
                    
                    ARTICLE III

                	
                 
	
                    
                    Representations and
                    Warranties

                	
                 
	
                 	
                 
	
                    
                    Section 3.01. Issuer’s
                    Representations and Warranties

                	
                    
                    10

                

        

        

        
        

        

        
         

        
        THIS CLASS A(2007-10) TERMS
        DOCUMENT (this
        “Terms
        Document”),
        by and between BA CREDIT CARD TRUST, a statutory trust created under the laws of the State
        of Delaware (the
        “Issuer
        ”), having its principal
        office at Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890, and
        THE BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee (the
        “Indenture
        Trustee”), is
        made and entered into as of July 26, 2007.

        

        
        Pursuant to this Terms
        Document, the Issuer and the Indenture Trustee shall create a new tranche of Class A Notes
        and shall specify the principal terms thereof.

        

        
        ARTICLE I

        

        Definitions and Other Provisions of General Application

        
        Section
        1.01.     
        Definitions
        . For all purposes of this
        Terms Document, 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
        include the plural as well as the singular;

        
        (b)     all
        other terms used herein which are defined in the Amended and Restated BAseries Indenture
        Supplement, dated as of June 10, 2006 (the
        “Indenture
        Supplement”),
        between the Issuer and the Indenture Trustee, or the Second Amended and Restated Indenture,
        dated as of October 20, 2006 (the
        “Indenture
        ”), between the Issuer
        and the Indenture Trustee, as acknowledged and accepted by FIA, as Servicer, either
        directly or by reference therein, have the meanings assigned to them therein;

        
        (c)     all
        accounting terms not otherwise defined herein have the meanings assigned to them in
        accordance with generally accepted accounting principles and, except as otherwise herein
        expressly provided, the term “generally accepted accounting principles” with
        respect to any computation required or permitted hereunder means such accounting principles
        as are generally accepted in the United States of America at the date of such
        computation;

        
        (d)     all
        references in this Terms Document to designated “Articles,”
        “Sections” and other subdivisions are to the designated Articles, Sections and
        other subdivisions of this Terms Document as originally executed;

        
        (e)     the
        words “herein,” “hereof” and “hereunder” and other
        words of similar import refer to this Terms Document as a whole and not to any particular
        Article, Section or other subdivision;

        
        (f)     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 Supplement or the
        Indenture, the terms and provisions of this Terms Document shall be controlling;

        
        (g)     each
        capitalized term defined herein shall relate only to the Class A(2007-10) Notes and no
        other tranche of Notes issued by the Issuer; and

        
        

        

         

        
        (h)     “including”
        and words of similar import will be deemed to be followed by “without
        limitation.”

        
        “
        Accumulation Reserve Funding
        Period” shall
        mean, (a) if the Accumulation Period Length is determined to be one (1) month, there shall
        be no Accumulation Reserve Funding Period and (b) otherwise, the period (x) commencing
        on the earliest to occur of (i) the Monthly Period beginning three (3) calendar months
        prior to the first Transfer Date for which a budgeted deposit is targeted to be made into
        the Principal Funding sub-Account of the Class A(2007-10) Notes pursuant to
        Section 3.10(b)
        of the Indenture Supplement,
        (ii) the Monthly Period following the first Transfer Date following and including the June
        2012 Transfer Date for which the Quarterly Excess Available Funds Percentage is less than
        2%, but in such event the Accumulation Reserve Funding Period shall not be required to
        commence earlier than 24 months prior to the Expected Principal Payment Date, (iii) the
        Monthly Period following the first Transfer Date following and including the December 2012
        Transfer Date for which the Quarterly Excess Available Funds Percentage is less than 3%,
        but in such event the Accumulation Reserve Funding Period shall not be required to commence
        earlier than 18 months prior to the Expected Principal Payment Date, and (iv) the Monthly
        Period following the first Transfer Date following and including the February 2013 Transfer
        Date for which the Quarterly Excess Available Funds Percentage is less than 4%, but in such
        event the Accumulation Reserve Funding Period shall not be required to commence earlier
        than 16 months prior to the Expected Principal Payment Date and (y) ending on the
        close of business on the last day of the Monthly Period preceding the earlier to occur of
        (i) the Expected Principal Payment Date for the Class A(2007-10) Notes and
        (ii) the date on which the Class A(2007-10) Notes are paid in full.

        

        
        “
        Base Rate”
        means, with respect to any Monthly Period, the sum of (i) the Weighted Average
        Interest Rates for the Outstanding BAseries Notes, (ii) the Net Servicing Fee Rate (as
        such term is defined in the Series 2001-D Supplement) and (iii) so long as FIA or The
        Bank of New York is the Servicer, the Servicer Interchange Rate, in each case, for such
        Monthly Period.

        

        
        “
        BAseries Servicer
        Interchange”
        means, with respect to any Monthly Period, an amount equal to the product of (a) the
        Servicer Interchange (as such term is defined in the Series 2001-D Supplement) with respect
        to such Monthly Period and (b) a fraction the numerator of which is the Weighted
        Average Available Funds Allocation Amount for the BAseries for such Monthly Period and the
        denominator of which is the Weighted Average Available Funds Allocation Amount for all
        series of Notes for such Monthly Period.

        

        
        “
        Calculation
        Agent” is
        defined in Section
        2.04(a).

        

        
        “
        Class A(2007-10)
        Note” means
        any Note, substantially in the form set forth in
        Exhibit A-1
        to the Indenture Supplement,
        designated therein as a Class A(2007-10) Note and duly executed and authenticated in
        accordance with the Indenture.

        

        
        “
        Class A(2007-10)
        Noteholder”
        means a Person in whose name a Class A(2007-10) Note is registered in the Note
        Register.

        
         

        
         

        
        2

        
         

        
        

        

        
         

        
        “
        Class A(2007-10) Termination
        Date” means
        the earliest to occur of (a) the Principal Payment Date on which the Outstanding
        Dollar Principal Amount of the

        Class A(2007-10) Notes is paid in full, (b) the Legal Maturity Date and (c) the
        date on which the Indenture is discharged and satisfied pursuant to
        Article VI
        thereof.

        

        
        “
        Class A Required Subordinated Amount of Class B
        Notes” is
        defined in Section
        2.02(a).

        

        
        “
        Class A Required Subordinated Amount of Class C
        Notes” is
        defined in Section
        2.02(b).

        

        
        “
        Controlled Accumulation
        Amount” means
        $62,500,000.00;
        provided
        ,
        however
        , if the Accumulation Period
        Length is determined to be less than twelve (12) months pursuant to
        Section
        3.10(b)(ii) of the
        Indenture Supplement, the Controlled Accumulation Amount shall be the amount specified in
        the definition of “Controlled Accumulation Amount” in the Indenture
        Supplement.

        

        
        “
        Excess Available Funds
        Percentage”
        means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield
        for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

        

        
        “
        Expected Principal Payment
        Date” means
        July 15, 2014.

        

        
        “
        Initial Dollar Principal
        Amount” means
        $750,000,000.

        

        
        “
        Interest Payment
        Date” means
        the fifteenth day of each month, or if such fifteenth day is not a Business Day, the next
        succeeding Business Day, commencing September 17, 2007.

        

        
        “
        Interest
        Period”
        means, with respect to any Interest Payment Date, the period from and including the
        previous Interest Payment Date (or in the case of the initial Interest Payment Date, from
        and including the Issuance Date) through the day preceding such Interest Payment
        Date.

        

        
        “
        Issuance
        Date” means
        July 26, 2007.

        

        
        “
        Legal Maturity
        Date” means
        December 15, 2016.

        

        
        “
        LIBOR” means,
        for any Interest Period, the London interbank offered rate for one-month United States
        dollar deposits or, for the first Interest Period, the rate that corresponds to the actual
        number of days in the first Interest Period determined by the Calculation Agent on the
        LIBOR Determination Date for that Interest Period in accordance with the provisions
        of Section
        2.04.

        
         

        
        3

        

        
        

        

        
         

        
        “
        LIBOR Determination
        Date” means
        July 24, 2007
        for the period from and
        including the Issuance Date to but excluding September 17, 2007,
        and for each Interest Period
        thereafter, the second London Business Day prior to the Interest Payment Date on which such
        Interest Period commences.

        

        
        “
        London Business
        Day” means
        any Business Day on which dealings in deposits in United States Dollars are transacted in
        the London interbank market.

        

        
        “
        Note Interest
        Rate” means a
        per annum rate equal to 0.07% in excess of LIBOR as determined by the Calculation Agent on
        the related LIBOR Determination Date with respect to each Interest Period.

        

        
        “
        Paying Agent”
        means The Bank of New York.

        

        
        “
        Portfolio
        Yield” means,
        with respect to any Monthly Period, the annualized percentage equivalent of a fraction, the
        numerator of which is (a) the amount of Available Funds allocated to the BAseries
        pursuant to Section
        501 of the
        Indenture, plus (b) any Interest Funding sub-Account Earnings on the related Transfer
        Date, plus (c) any amounts to be treated as BAseries Available Funds pursuant
        to Sections
        3.20(d) and
        3.27(a)
        of the Indenture Supplement,
        plus (d) the BAseries Servicer Interchange for such Monthly Period, minus (e) the
        excess, if any, of the sum of the PFA Prefunding Earnings Shortfall plus the PFA
        Accumulation Earnings Shortfall over the sum of the aggregate amount to be treated as
        BAseries Available Funds for such Monthly Period pursuant to
        Sections
        3.04(a)(ii)
        and
        3.25(a)
        of the Indenture Supplement
        plus any other amounts applied to cover earnings shortfalls on amounts in the Principal
        Funding sub-Account for any tranche of BAseries Notes for such Monthly Period, minus
        (f) the BAseries Investor Default Amount for such Monthly Period, and the denominator
        of which is the Weighted Average Available Funds Allocation Amount for the BAseries for
        such Monthly Period.

        

        
        “
        Predecessor
        Note” 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 purpose of this
        definition, any Note authenticated and delivered under
        Section 306
        of the Indenture in lieu of a
        mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the
        mutilated, lost, destroyed or stolen Note.

        

        
        “
        Quarterly Excess Available Funds
        Percentage”
        means, with respect to the June 2012 Transfer Date and each Transfer Date thereafter, the
        percentage equivalent of a fraction the numerator of which is the sum of the Excess
        Available Funds Percentages with respect to the immediately preceding three Monthly Periods
        and the denominator of which is three.

        

        
        “
        Record Date”
        means, for any Transfer Date, the last Business Day of the preceding Monthly
        Period.

        

        
        “
        Reference
        Banks” means
        four major banks in the London interbank market selected by the Beneficiary.

        
         

        
        4

        

        
        

        

        
         

        
        “
        Required Accumulation Reserve sub-Account
        Amount”
        means, with respect to any Monthly Period during the Accumulation Reserve Funding Period,
        an amount equal to (i) 0.5% of the Outstanding Dollar Principal Amount of the Class
        A(2007-10) Notes as of the close of business on the last day of the preceding Monthly
        Period or (ii) any other amount designated by the Issuer;
        provided
        ,
        however
        , that if such designation is
        of a lesser amount, the Note Rating Agencies shall have provided prior written confirmation
        that a Ratings Effect will not occur with respect to such change.

        

        
        “
        Reuters Screen LIBOR01
        Page” means
        the display page currently so designated on the Reuters Monitor Money Rates (or such other
        page as may replace that page on that service, or such other service as may be nominated as
        the information vendor, for the purpose of displaying comparable rates or
        prices).

        

        
        “
        Servicer Interchange
        Rate” means,
        for any Monthly Period, the percentage equivalent of a fraction, the numerator of which is
        the BAseries Servicer Interchange for such Monthly Period, and the denominator of which is
        the Weighted Average Available Funds Allocation Amount for the BAseries for such Monthly
        Period.

        

        
        “
        Stated Principal
        Amount” means
        $750,000,000.

        

        
        “
        Weighted Average Interest
        Rates” means,
        with respect to any Outstanding Notes of a class or tranche of the BAseries, or of all of
        the Outstanding Notes of the BAseries, on any date, the weighted average (weighted based on
        the Outstanding Dollar Principal Amount of the related Notes on such date) of the following
        rates of interest:

        

        
        (a)     in
        the case of a tranche of Dollar Interest-bearing Notes with no Derivative Agreement for
        interest, the rate of interest applicable to that tranche on that date;

        
        (b)     in
        the case of a tranche of Discount Notes, the rate of accretion (converted to an accrual
        rate) of that tranche on that date;

        
        (c)     in
        the case of a tranche of Notes with a payment due under a Performing Derivative Agreement
        for interest, the rate at which payments by the Issuer to the applicable Derivative
        Counterparty accrue on that date (prior to the netting of such payments, if applicable);
        and

        
        (d)     in
        the case of a tranche of Notes with a non-Performing Derivative Agreement for interest, the
        rate specified for that date in the related terms document.

        
        Section
        1.02.     
        Governing Law; Submission
        to Jurisdiction; Agent for Service of
        Process. This Terms
        Document shall be governed by and construed in accordance with the laws of the State of
        Delaware, without regard to principles of conflict of laws. The parties hereto declare that
        it is their intention that this Terms Document shall be regarded as made under the laws of
        the State of Delaware and that the laws of said State shall be applied in interpreting its
        provisions in all cases where legal interpretation shall be required. Each of the parties
        hereto agrees (a) that this Terms Document involves at least $100,000.00, and (b) that this
        Terms Document has been entered into by the parties hereto in express reliance upon
        6 DEL. C.
        § 2708.

        
        5

        
        

        

        
         

        
        Each of the parties hereto
        hereby irrevocably and unconditionally agrees (a) to be subject to the jurisdiction of the
        courts of the State of Delaware and of the federal courts sitting in the State of Delaware,
        and (b)(1) to the extent such party is not otherwise subject to service of process in the
        State of Delaware, to appoint and maintain an agent in the State of Delaware as such
        party’s agent for acceptance of legal process, and (2) that, to the fullest extent
        permitted by applicable law, service of process may also be made on such party by prepaid
        certified mail with a proof of mailing receipt validated by the United States Postal
        Service constituting evidence of valid service, and that service made pursuant to (b)(1) or
        (2) above shall, to the fullest extent permitted by applicable law, have the same legal
        force and effect as if served upon such party personally within the State of
        Delaware.

        
        Section
        1.03.     
        Counterparts
        . This Terms Document 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
        1.04.     
        Ratification of Indenture
        and Indenture
        Supplement. As
        supplemented by this Terms Document, each of the Indenture and the Indenture Supplement is
        in all respects ratified and confirmed and the Indenture as so supplemented by the
        Indenture Supplement as so supplemented and this Terms Document shall be read, taken and
        construed as one and the same instrument.

        
        [END OF ARTICLE I]

        
         

        
        6

        
         

        
        

        

        

        

        
        ARTICLE II

        

        The Class A(2007-10) Notes

        
        Section
        2.01.     
        Creation and
        Designation. There
        is hereby created a tranche of BAseries Class A Notes to be issued pursuant to the
        Indenture and the Indenture Supplement to be known as the “BAseries Class A(2007-10)
        Notes.”

        
        Section
        2.02.     
        Specification of Required
        Subordinated Amount and other
        Terms.

        
        (a)     For
        the Class A(2007-10) Notes for any date of determination, the Class A Required Subordinated
        Amount of Class B Notes will be an amount equal to
        8.72093%
        of (i) the Adjusted
        Outstanding Dollar Principal Amount of the Class A(2007-10) Notes on such date or
        (ii) if an Early Redemption Event with respect to the Class A(2007-10) Notes shall
        have occurred, if an Event of Default and acceleration of the Class A(2007-10) Notes shall
        have occurred or if the Class A Usage of the Class B Required Subordinated Amount for such
        tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal
        Amount of the Class A(2007-10) Notes as of close of business on the day immediately
        preceding the occurrence of such Early Redemption Event, such Event of Default and
        acceleration or the date on which the Class A Usage of Class B Required Subordinated Amount
        exceeded zero.

        
        (b)     For
        the Class A(2007-10) Notes for any date of determination, the Class A Required Subordinated
        Amount of Class C Notes will be an amount equal to
        7.55814%
        of (i) the Adjusted
        Outstanding Dollar Principal Amount of the Class A(2007-10) Notes on such date or
        (ii) if an Early Redemption Event with respect to the Class A(2007-10) Notes shall
        have occurred, if an Event of Default and acceleration of the Class A(2007-10) Notes shall
        have occurred or if the Class A Usage of the Class C Required Subordinated Amount for such
        tranche of Class A Notes is greater than zero, the Adjusted Outstanding Dollar Principal
        Amount of the Class A(2007-10) Notes as of close of business on the day immediately
        preceding the occurrence of such Early Redemption Event, such Event of Default and
        acceleration or the date on which the Class A Usage of Class C Required Subordinated Amount
        exceeded zero.

        
        (c)     The Issuer may change the
        percentages set forth in clause (a) or (b) above without the consent of any Noteholder so
        long as the Issuer has (i) received written confirmation from each Note Rating Agency that
        has rated any Outstanding Notes of the BAseries that the change in either of such
        percentages will not result in a Ratings Effect with respect to any Outstanding Notes of
        the BAseries and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a
        Master Trust Tax Opinion and an Issuer Tax Opinion.

        
        Section
        2.03.     
        Interest
        Payment.

        
        (a)     For
        each Interest Payment Date, the amount of interest due with respect to the Class A(2007-10)
        Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of
        which is the actual number of days in the related Interest Period and the denominator of
        which is 360,
        times
        (B) the Note Interest
        Rate in effect with respect to the related Interest Period,
        times
        (ii) the Outstanding
        Dollar Principal Amount of the Class A(2007-10) Notes determined as of the Record Date
        preceding the related Transfer Date. Interest on the

        
        7

        
        

        

        
        

        Class A(2007-10) Notes will be calculated on the basis of
        the actual number of days in
        the related Interest Period and a 360-day year.

        
        (b)     Pursuant
        to Section
        3.03 of the
        Indenture Supplement, on each Transfer Date, the Indenture Trustee shall deposit into the
        Class A(2007-10) Interest Funding sub-Account the portion of BAseries Available Funds
        allocable to the Class A(2007-10) Notes.

        
        Section
        2.04.     
        Calculation Agent;
        Determination of
        LIBOR.

        
        (a)     The
        Issuer hereby agrees that for so long as any Class A(2007-10) Notes are Outstanding, there
        shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the
        “Calculation
        Agent”). The
        Issuer hereby initially appoints the Indenture Trustee as the Calculation Agent for
        purposes of determining LIBOR for each Interest Period. The Calculation Agent may be
        removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act
        as such or is removed by the Issuer, or if the Calculation Agent fails to determine LIBOR
        for an Interest Period, the Issuer shall promptly appoint a replacement Calculation Agent
        that does not control or is not controlled by or under common control with the Issuer or
        its Affiliates. The Calculation Agent may not resign its duties, and the Issuer may not
        remove the Calculation Agent, without a successor having been duly appointed.

        
        (b)     On
        each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of
        the rate for deposits in United States dollars for a one-month period which appears on
        Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on such date (or, for the first
        Interest Period, the rate that corresponds to the actual number of days in the first
        Interest Period). If such rate does not appear on Reuters Screen LIBOR01 Page, the rate for
        that LIBOR Determination Date shall be determined on the basis of the rates at which
        deposits in United States dollars are offered by the Reference Banks at approximately 11:00
        a.m., London time, on that day to prime banks in the London interbank market for a
        one-month period. The Calculation Agent shall request the principal London office of each
        of the Reference Banks to provide a quotation of its rate. If at least two such quotations
        are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of
        the quotations. If fewer than two quotations are provided as requested, the rate for that
        LIBOR Determination Date will be the arithmetic mean of the rates quoted by four major
        banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York
        City time, on that day for loans in United States dollars to leading European banks for a
        one-month period.

        
        (c)     The
        Note Interest Rate applicable to the then current and the immediately preceding Interest
        Periods may be obtained by telephoning the Indenture Trustee at its corporate trust office
        at (212) 815-3247 or such other telephone number as shall be designated by the Indenture
        Trustee for such purpose by prior written notice by the Indenture Trustee to each
        Noteholder from time to time.

        
        (d)     On
        each LIBOR Determination Date, the Calculation Agent shall send to the Indenture Trustee,
        the Beneficiary and the Servicer, by facsimile transmission, notification of LIBOR for the
        following Interest Period.

        
        8

        
        

        

        
         

        
        
        Section 2.05.     
        Payments of Interest and
        Principal.

        
        
        (a)     Any installment of interest or principal, if any, payable
        on any

        Class A(2007-10) Note which is punctually paid or duly provided for by the Issuer and the
        Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall
        be paid by the Paying Agent to the Person in whose name such Class A(2007-10) Note (or one
        or more Predecessor Notes) is registered on the Record Date, by wire transfer of
        immediately available funds to such Person’s account as has been designated by
        written instructions received by the Paying Agent from such Person not later than the close
        of business on the third Business Day preceding the date of payment or, if no such account
        has been so designated, by check mailed first-class, postage prepaid to such Person’s
        address as it appears on the Note Register on such Record Date, except that with respect to
        Notes registered on the Record Date in the name of the nominee of Cede & Co., payment
        shall be made by wire transfer in immediately available funds to the account designated by
        such nominee.

        
        
        (b)     The right of the Class A(2007-10) Noteholders to receive
        payments from the Issuer will terminate on the first Business Day following the Class
        A(2007-10) Termination Date.

        
        
        Section 2.06.     
        Form of Delivery of Class
        A(2007-10) Notes; Depository;
        Denominations.

        
        
        (a)     The Class A(2007-10) Notes shall be delivered in the form
        of a global Registered Note as provided in
        Sections 202
        and
        301(i)
        of the Indenture,
        respectively.

        
        
        (b)     The Depository for the Class A(2007-10) Notes shall be The
        Depository Trust Company, and the Class A(2007-10) Notes shall initially be registered in
        the name of Cede & Co., its nominee.

        
        
        (c)     The Class A(2007-10) Notes will be issued in minimum
        denominations of $5,000 and multiples of $1,000 in excess of that amount.

        
        
        Section 2.07.     
        Delivery and Payment for
        the Class A(2007-10)
        Notes. The Issuer
        shall execute and deliver the Class A(2007-10) Notes to the Indenture Trustee for
        authentication, and the Indenture Trustee shall deliver the Class A(2007-10) Notes when
        authenticated, each in accordance with
        Section 303
        of the
        Indenture.

        
        Section
        2.08.     
        Targeted Deposits to the
        Accumulation Reserve
        Account. The
        deposit targeted to be made to the Accumulation Reserve Account for any Monthly Period
        during the Accumulation Reserve Funding Period will be an amount equal to the Required
        Accumulation Reserve sub-Account Amount.

        
        [END OF ARTICLE II]

        
         

        
        9

        
         

        
        

        

        

        

        
        ARTICLE III

        

        Representations and Warranties

        
        Section
        3.01.     
        Issuer’s
        Representations and
        Warranties. The
        Issuer makes the following representations and warranties as to the Collateral Certificate
        on which the Indenture Trustee is deemed to have relied in acquiring the Collateral
        Certificate. Such representations and warranties speak as of the execution and delivery of
        this Terms Document, but shall survive until the termination of this Terms Document. Such
        representations and warranties shall not be waived by any of the parties to this Terms
        Document unless the Issuer has obtained written confirmation from each Note Rating Agency
        that there will be no Ratings Effect with respect to such waiver.

        
        (a)     The
        Indenture creates a valid and continuing security interest (as defined in the Delaware UCC)
        in the Collateral Certificate in favor of the Indenture Trustee, which security interest is
        prior to all other liens, and is enforceable as such as against creditors of and purchasers
        from the Issuer.

        
        (b)     The
        Collateral Certificate constitutes either an “account,” a “general
        intangible,” an “instrument,” or a “certificated security,”
        each within the meaning of the Delaware UCC.

        
        (c)     At
        the time of the transfer and assignment of the Collateral Certificate to the Indenture
        Trustee pursuant to the Indenture, the Issuer owned and had good and marketable title to
        the Collateral Certificate free and clear of any lien, claim or encumbrance of any
        Person.

        
        (d)     The
        Issuer has caused, within ten days of the execution of the Indenture, 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 Certificate granted to the Indenture Trustee pursuant to the
        Indenture.

        
        (e)     Other
        than the security interest granted to the Indenture Trustee pursuant to the Indenture, the
        Issuer has not pledged, assigned, sold, granted a security interest in, or otherwise
        conveyed the Collateral Certificate. The Issuer has not authorized the filing of and is not
        aware of any financing statements against the Issuer that include a description of
        collateral covering the Collateral Certificate other than any financing statement relating
        to the security interest granted to the Indenture Trustee pursuant to the Indenture or any
        financing statement that has been terminated. The Issuer is not aware of any judgment or
        tax lien filings against the Issuer.

        
        (f)     All
        original executed copies of the Collateral Certificate have been delivered to the Indenture
        Trustee.

        
        (g)     At
        the time of the transfer and assignment of the Collateral Certificate to the Indenture
        Trustee pursuant to the Indenture, the Collateral Certificate had no marks or notations
        indicating that it has been pledged, assigned or otherwise conveyed to any Person other
        than the Indenture Trustee.

        
         

        
        10

        
         

        
        

        

        

        

        
        [END OF ARTICLE
        III]

        
         

        
         

        
        11

        
         

        
        

        

        
         

        
         

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

        

        
            
                
                    
                        
                            
                                
                                    
                                        
                                            
                                            
                                            BA CREDIT CARD TRUST,

                                            by BA CREDIT CARD FUNDING, LLC,

                                            as Beneficiary and not in its individual
                                            capacity

                                            

                                            
                                                         
                                            /s/ Penelope S.
                                            Johnson                    

                                            
                                            
                                            By:     ________________________________________

                                                     
                                            Name:  Penelope S. Johnson

                                                      Title:     Vice
                                            President

                                                 

                                            

                                            
                                            
                                            THE BANK OF NEW YORK, as Indenture Trustee

                                            and not in its individual capacity

                                            

                                            
                                                           
                                            /s/ Catherine Cerilles

                                            
                                            
                                            By:     ________________________________________

                                                    
                                             Name:   Catherine
                                            Cerilles          

                                                       Title:
                                                 Vice President
                                                 

                                                  

                                        

                                    

                                

                            

                        

                    

                

            

        

        

        
             

        

        
        [Signature
        Page to the Class A(2007-10) Terms Document]2006 ESPP Plan Document

    Exhibit
      4.1

    

    

    IMPLANT
      SCIENCES CORPORATION

    2006
      EMPLOYEE STOCK PURCHASE PLAN

    

     

    1. PURPOSE.

     

    The
      Implant Sciences Corporation 2006 Employee Stock Purchase Plan (the "Plan")
      is
      intended to provide a method whereby employees of Implant Sciences Corporation
      (the "Company") will have an opportunity to acquire an ownership interest (or
      increase an existing ownership interest) in the Company through the purchase
      of
      shares of the Common Stock of the Company. It is the intention of the Company
      that the Plan qualifies as an "employee stock purchase plan" under Section
      423
      of the Internal Revenue Code of 1986, as amended (the "Code"). The provisions
      of
      the Plan shall, accordingly, be construed so as to extend and limit
      participation in a manner consistent with the requirements of that section
      of
      the Code.

     

     

    2. DEFINITIONS.

     

    	(a)  	
            "Compensation"
              means, for the purpose of any Offering (as hereinafter defined) pursuant
              to this Plan, base pay in effect as of the Offering Commencement Date
              (as
              hereinafter defined). Compensation shall not include any deferred
              compensation other than contributions by an individual through a salary
              reduction agreement to a cash or deferred plan pursuant to Section
              401(k)
              of the Code or to a cafeteria plan pursuant to Section 125 of the
              Code.

          

     

    	(b)  	
            "Board"
              means the Board of Directors of the
              Company.

          

     

    	(c)  	
            "Common
              Stock" means the common stock, $0.10 par value per share, of the
              Company.

          

     

    	(d)  	
            "Company"
              shall also include any Parent or Subsidiary of Implant Sciences
              Corporation designated by the Board of Directors of the Company (the
              "Board").

          

     

    	(e)  	
            "Employee"
              means any person who is customarily employed at least 20 hours per
              week
              and more than five months in a calendar year by the
              Company.

          

     

    	(f)  	
            “Offering
              commencement date” means January 1 or July
              1.

          

     

    	(g)  	
            “Offering
              termination date” means June 30 for a January 1 offering commencement date
              or December 31 for a July 1 offering commencement
              date.

          

     

    	(h)  	
            "Parent"
              shall mean any present or future corporation which is or would constitute
              a "parent corporation" as that term is defined in Section 424 of the
              Code.

          

     

    	(i)  	
            "Plan
              Administrator" shall consist of the Board or, if appointed by the Board,
              a
              committee consisting of at least two Outside Directors who shall be
              members of the Board, but who are not employees of the Company or of
              any
              parent or subsidiary of the Company.

          

     

    	(j)  	
            "Subsidiary"
              shall mean any present or future corporation which is or would constitute
              a "subsidiary corporation" as that term is defined in Section 424 of
              the
              Code.

          

     

     

    3. ELIGIBILITY.

     

    	(a)  	
            Participation
              in the Plan is completely voluntary. Participation in any one or more
              of
              the Offerings under the Plan shall neither limit, nor require,
              participation in any other Offering.

          

     

    	(b)  	
            Each
              Employee shall be eligible to participate in the Plan on the first
              Offering Commencement Date, as hereinafter defined, following the
              completion of one year of continuous service with the Company.
              Notwithstanding the foregoing, no Employee shall be granted an option
              under the Plan:

          

     

    	(i)  	
            if,
              immediately after the grant, such Employee would own stock, and/or
              hold
              outstanding options to purchase stock, possessing 5% or more of the
              total
              combined voting power or value of all classes of stock of the Company
              or
              any Parent or Subsidiary; for purposes of this Paragraph the rules
              of
              Section 424(d) of the Code shall apply in determining stock ownership
              of
              any Employee; or

          

     

    	(ii)  	
            which
              permits such Employee's rights to purchase stock under all Section
              423
              employee stock purchase plans of the Company and any Parent or Subsidiary
              to accrue at a rate that exceeds $25,000 of the fair market value of
              the
              stock (determined at the time such option is granted) for each calendar
              year in which such option is outstanding; for purposes of this Paragraph,
              the rules of Section 423(b)(8) of the Code shall
              apply.

          

     

     

    4. OFFERING
      DATES.

     

    The
      right
      to purchase stock hereunder shall be made available by a series of offerings
      (the "Offering" or "Offerings") to Employees eligible in accordance with
      Paragraph 3 hereof. The Plan Administrator will, in its discretion, determine
      the applicable date of commencement ("Offering Commencement Date") and
      termination date ("Offering Termination Date") for each Offering. Participation
      in any one or more of the Offerings under the Plan shall neither limit, nor
      require, participation in any other Offering.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    5. PARTICIPATION.

     

    Any
      eligible Employee may become a participant by completing a payroll deduction
      authorization form provided by the Company and filing it with the office of
      the
      Company's Treasurer 20 days prior to an applicable Offering Commencement Date,
      as determined by the Plan Administrator pursuant to Paragraph 4. A participant
      who obtains shares of Common Stock in one Offering will be deemed to have
      elected to participate in each subsequent Offering, provided such participant
      is
      eligible to participate during each such subsequent Offering and provided that
      such participant has not specifically elected not to participate in such
      subsequent Offering. Such participant will also be deemed to have authorized
      the
      same payroll deductions under Paragraph 6 hereof for each such subsequent
      Offering as in the immediately preceding Offering; provided however, that,
      during the enrollment period prior to each new Offering, the participant may
      elect to change the participant's payroll deductions by submitting a new payroll
      deduction authorization form. 

     

     

    6. PAYROLL
      DEDUCTIONS.

     

    	(a)  	
            At
              the time a participant files his authorization for a payroll deduction,
              he
              shall elect to have deductions made from his pay on each payday during
              any
              Offering in which he is a participant at a specified percentage of
              his
              Compensation as determined on the applicable Offering Commencement
              Date;
              said percentage shall be in increments of one percent up to a maximum
              percentage of ten percent.

          

     

    	(b)  	
            Payroll
              deductions for a participant shall commence on the applicable Offering
              Commencement Date when his authorization for a payroll deduction becomes
              effective and subject to the last sentence of Paragraph 5 shall end
              on the
              Offering Termination Date of the Offering to which such authorization
              is
              applicable unless sooner terminated by the participant as provided
              in
              Paragraph 10.

          

     

    	(c)  	
            All
              payroll deductions made for a participant shall be credited to his
              account
              under the Plan. A participant may not make any separate cash payment
              into
              such account. 

          

     

    	(d)  	
            A
              participant may withdraw from the Plan at any time during the applicable
              Offering period.

          

     

     

    7. GRANTING
      OF OPTION.

     

    	(a)  	
            On
              the Offering Commencement Date of each Offering, a participating Employee
              shall be deemed to have been granted an option to purchase a maximum
              number of shares of the Common Stock equal to an amount determined
              as
              follows: 85% of the market value per share of the Common Stock on the
              applicable Offering Commencement Date shall be divided into an amount
              equal to the percentage of the Employee's Compensation which he has
              elected to have withheld (but no more than 10%) multiplied by the
              Employee's Compensation over the Offering period. Such market value
              per
              share of the Common Stock shall be determined as provided in clause
              (i) of
              Paragraph 7(b).

          

     

    	(b)  	
            The
              option price of the Common Stock purchased with payroll deductions
              made
              during each such Offering for a participant therein shall be the lower
              of:
              

          

     

    	(i)  	
            85%
              of the closing price per share on the Offering Commencement Date as
              reported by a nationally recognized stock exchange, or, if the Common
              Stock is not listed on such an exchange, as reported by the National
              Association of Securities Dealers Automated Quotation System ("Nasdaq")
              National Market System or, if the Common Stock is not listed on the
              Nasdaq
              National Market System but is otherwise publicly traded over-the-counter,
              85% of the mean of the bid and asked prices per share on the Offering
              Commencement Date or, if the Common Stock is not traded over-the-counter,
              85% of the fair market value on the Offering Commencement Date as
              determined by the Plan Administrator; and

          

     

    	(ii)  	
            85%
              of the closing price per share on the Offering Termination Date as
              reported by a nationally recognized stock exchange, or, if the Common
              Stock is not listed on such an exchange, as reported by the Nasdaq
              National Market System or, if the Common Stock is not listed on the
              Nasdaq
              National Market System but is otherwise publicly traded over-the-counter,
              85% of the mean of the bid and asked prices per share on the Offering
              Termination Date or, if the Common Stock is not traded over-the-counter,
              85% of the fair market value on the Offering Termination Date as
              determined by the Plan Administrator.

          

     

     

    8. EXERCISE
      OF OPTION.

     

    	(a)  	
            Unless
              a participant gives written notice to the Treasurer of the Company
              as
              hereinafter provided, his option for the purchase of Common Stock with
              payroll deductions made during any Offering will be deemed to have
              been
              exercised automatically on the Offering Termination Date applicable
              to
              such Offering for the purchase of the number of full shares of Common
              Stock which the accumulated payroll deductions in his account at that
              time
              will purchase at the applicable option price (but not in excess of
              the
              number of shares for which options have been granted the Employee pursuant
              to Paragraph 7(a) and any pro rata allocation to such participant under
              Paragraph 12(a)), and any excess in his account at that time, other
              than
              amounts representing fractional shares, will be returned to
              him.

          

     

    	(b)  	
            Fractional
              shares will not be issued under the Plan and any accumulated payroll
              deductions which would have been used to purchase fractional shares
              shall
              be automatically carried forward to the next Offering unless the
              participant elects, by written notice to the Treasurer of the Company,
              to
              have the excess cash returned to him.

          

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9. DELIVERY.

     

    The
      Company will deliver to each participant (as promptly as possible after the
      appropriate Offering Termination Date), a certificate representing the Common
      Stock purchased upon exercise of his option.

     

     

    10. WITHDRAWALS
      AND TERMINATION.

     

    	(a)  	
            Prior
              to the Offering Termination Date for an Offering, any participant may
              withdraw the payroll deductions credited to his account under the Plan
              for
              such Offering by giving written notice to the Treasurer of the Company.
              All of the participant's payroll deductions credited to such account
              will
              be paid to him promptly after receipt of notice of withdrawal, without
              interest, and no future payroll deductions will be made from his pay
              during such Offering. The Company will treat any attempt to borrow
              by a
              participant on the security of accumulated payroll deductions as an
              election to withdraw such deductions.

          

     

    	(b)  	
            Except
              as set forth in Paragraph 6(d), a participant's election not to
              participate in, or withdrawal from, any Offering will not have any
              effect
              upon his eligibility to participate in any succeeding Offering or in
              any
              similar plan which may hereafter be adopted by the
              Company.

          

     

    	(c)  	
            Upon
              termination of the participant's employment for any reason, including
              retirement but excluding death, the payroll deductions credited to
              his
              account will be returned to him, or, in the case of his death, to the
              person or persons entitled thereto under Paragraph
              14.

          

     

    	(d)  	
            Upon
              termination of the participant's employment because of death, his
              beneficiary (as defined in Paragraph 14) shall have the right to elect,
              by
              written notice given to the Company's Treasurer prior to the expiration
              of
              a period of 90 days commencing with the date of the death of the
              participant, either: 

          

     

    	(i)  	
            to
              withdraw all of the payroll deductions credited to the participant's
              account under the Plan; or 

          

     

    	(ii)  	
            to
              exercise the participant's option for the purchase of stock on the
              Offering Termination Date next following the date of the participant's
              death for the purchase of the number of full shares which the accumulated
              payroll deductions in the participant's account at the date of the
              participant's death will purchase at the applicable option price (subject
              to the limitation contained in Paragraph 7(a)), and any excess in such
              account will be returned to said beneficiary. In the event that no
              such
              written notice of election shall be duly received by the Company's
              Treasurer, the beneficiary shall automatically be deemed to have elected
              to withdraw the payroll deductions credited to the participant's account
              at the date of the participant's death and the same will be paid promptly
              to said beneficiary.

          

     

     

    11. INTEREST.

     

    No
      interest will be paid or allowed on any money paid into the Plan or credited
      to
      the account of any participating Employee.

     

     

    12. STOCK.

     

    	(a)  	
            The
              maximum number of shares of Common Stock available for issuance and
              purchase by Employees under the Plan, subject to adjustment upon changes
              in capitalization of the Company as provided in Paragraph 17, shall
              be
              500,000 shares of Common Stock. If the total number of shares for which
              options are exercised on any Offering Termination Date in accordance
              with
              Paragraph 8 exceeds the maximum number of shares for the applicable
              Offering, the Company shall make a pro rata allocation of the shares
              available for delivery and distribution in an equitable manner, and
              the
              balances of payroll deductions credited to the account of each participant
              under the Plan shall be returned to the participant.
              

          

     

    	(b)  	
            The
              participant will have no interest in stock covered by his option until
              such option has been exercised.

          

     

     

    13. ADMINISTRATION.

     

    The
      Plan
      shall be administered by the Plan Administrator. The interpretation and
      construction of any provision of the Plan and adoption of rules and regulations
      for administering the Plan shall be made by the Plan Administrator.
      Determinations made by the Plan Administrator with respect to any matter or
      provision contained in the Plan shall be final, conclusive and binding upon
      the
      Company and upon all participants, their heirs or legal representatives. Any
      rule or regulation adopted by the Plan Administrator shall remain in full force
      and effect unless and until altered, amended, or repealed by the Plan
      Administrator.

     

     

    14. DESIGNATION
      OF BENEFICIARY.

     

    A
      participant shall file with the Treasurer of the Company a written designation
      of a beneficiary who is to receive any Common Stock and/or cash under the Plan.
      Such designation of beneficiary may be changed by the participant at any time
      by
      written notice. Upon the death of a participant and upon receipt by the Company
      of proof of the identity and existence at the participant's death of a
      beneficiary validly designated by him under the Plan, the Company shall deliver
      such Common Stock and/or cash to such beneficiary. In the event of the death
      of
      a participant and in the absence of a beneficiary validly designated under
      the
      Plan who is living at the time of such participant's death, the Company shall
      deliver such Common Stock and/or cash to the executor or administrator of the
      estate of the participant. No beneficiary shall, prior to the death of the
      participant by whom he has been designated, acquire any interest in the Common
      Stock and/or cash credited to the participant under the Plan.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    15. TRANSFERABILITY.

     

    Neither
      payroll deductions credited to a participant's account nor any rights with
      regard to the exercise of an option or the receipt of Common Stock under the
      Plan may be assigned, transferred, pledged, or otherwise disposed of in any
      way
      by the participant other than by will or the laws of descent and distribution.
      Any such attempted assignment, transfer, pledge, or other disposition shall
      be
      without effect, except that the Company may treat such act as an election to
      withdraw funds in accordance with Paragraph 10. 

     

     

    16. USE
      OF FUNDS.

     

    All
      payroll deductions received or held by the Company under this Plan may be used
      by the Company for any corporate purposes (to the extent not returned to the
      participant if elected by the participant prior to the end of the period),
      and
      the Company shall not be obligated to segregate such payroll
      deductions.

     

     

    17. EFFECT
      OF CHANGES OF COMMON STOCK.

     

    If
      the
      Company shall subdivide or reclassify the Common Stock which has been or may
      be
      subject to options under this Plan, or shall declare thereon any dividend
      payable in shares of such Common Stock, or shall take any other action of a
      similar nature affecting such Common Stock, then the number and class of shares
      of Common Stock which may thereafter be subject to options under the Plan (in
      the aggregate and to any participant) shall be adjusted accordingly and in
      the
      case of each option outstanding at the time of any such action, the number
      and
      class of shares which may thereafter be purchased pursuant to such option and
      the option price per share shall be adjusted to such extent as may be determined
      by the Plan Administrator, with the approval of independent public accountants
      and counsel, to be necessary to preserve the rights of the holder of such
      option.

     

     

    18. AMENDMENT
      OR TERMINATION.

     

    The
      Board
      may at any time terminate or amend the Plan. No such termination shall affect
      options previously granted, nor may an amendment make any change in any option
      theretofore granted which would adversely affect the rights of any participant
      holding options under the Plan without the consent of such
      participant.

     

     

    19. NOTICES.

     

    All
      notices or other communications by a participant to the Company under or in
      connection with the Plan shall be deemed to have been duly given when received
      by the Treasurer of the Company.

     

     

    20. MERGER
      OR CONSOLIDATION.

     

    If
      the
      Company shall at any time merge into or consolidate with another corporation,
      the holder of each option then outstanding will thereafter be entitled to
      receive at the next Offering Termination Date upon the exercise of such option,
      in lieu of the number of shares of Common Stock as to which such option shall
      be
      exercisable, the number and class of shares of stock or other securities or
      property to which such holder would have been entitled pursuant to the terms
      of
      the agreement of merger or consolidation if, immediately prior to such merger
      or
      consolidation, such holder had been the holder of record of a number of shares
      of Common Stock equal to the number of shares for which such option was
      exercisable. In accordance with this Paragraph and Paragraph 17, the Plan
      Administrator shall determine the kind and amount of such securities or property
      which such holder of an option shall be entitled to receive. A sale of all
      or
      substantially all of the assets of the Company shall be deemed a merger or
      consolidation for the foregoing purposes.

     

     

    21. GOVERNMENTAL
      AND OTHER REGULATIONS.

     

    The
      Plan,
      and the grant and exercise of the rights to purchase shares hereunder, and
      the
      Company's obligation to sell and deliver shares upon the exercise of rights
      to
      purchase shares, shall be subject to all applicable federal, state and foreign
      laws, rules and regulations, and to such approvals by any regulatory or
      governmental agency as may, in the opinion of counsel for the Company, be
      required. The Plan shall be governed by, and construed and enforced in
      accordance with, the provisions of Sections 421, 423 and 424 of the Code and
      the
      substantive laws of The Commonwealth of Massachusetts. In the event of any
      inconsistency between such provisions of the Code and any such laws, such
      provisions of the Code shall govern to the extent necessary to preserve
      favorable federal income tax treatment afforded employee stock purchase plans
      under Section 423 of the Code.

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