Document:

Exhibit 4.6

                                                  BA CREDIT CARD FUNDING, LLC

                                                          Transferor

                                            FIA CARD SERVICES, NATIONAL ASSOCIATION

                                                           Servicer

                                                              and

                                                  THE BANK OF NEW YORK MELLON

                                                            Trustee

                                       on behalf of the Series 2001-D Certificateholders

                                ___________________________________________________________

                                                  THIRD AMENDED AND RESTATED

                                                   SERIES 2001-D SUPPLEMENT

                                                   Dated as of March 2, 2009

                                                              to

                                  SECOND AMENDED AND RESTATED POOLING AND SERVICING AGREEMENT

                                                 Dated as of October 20, 2006

                                ___________________________________________________________

                                                BA MASTER CREDIT CARD TRUST II

                                                         SERIES 2001-D

                                                      TABLE OF CONTENTS
                                                                                                              Page

SECTION 1.            Designation................................................................................1

SECTION 2.            Definitions................................................................................2

SECTION 3.            Servicing Compensation and Assignment of Interchange......................................11

SECTION 4.            Delivery of the Series 2001-D Certificate.................................................12

SECTION 5.            Article IV of the Agreement...............................................................12

SECTION 6.            Article V of the Agreement................................................................18

SECTION 7.            Series 2001-D Pay Out Events..............................................................19

SECTION 8.            Sale of Investor Interest Pursuant to Subsection 2.04(e) or 10.02(a) of the Agreement.....21

SECTION 9.            Distribution of Proceeds of Sale, Disposition or Liquidation of the Receivables Pursuant to
                      Section 9.02 of the Agreement.............................................................21

SECTION 10.           Sale of Receivables.......................................................................22

SECTION 11.           Series 2001-D Termination.................................................................22

SECTION 12.           Counterparts..............................................................................22

SECTION 13.           Governing Law; Submission to Jurisdiction; Agent for Service of Process...................22

SECTION 14.           Additional Notices........................................................................23

SECTION 15.           Additional Representations and Warranties of the Servicer.................................23

SECTION 16.           No Petition...............................................................................23

SECTION 17.           Certain Tax Related Amendments............................................................24

SECTION 18.           Treatment of Noteholders..................................................................24

SECTION 19.           Transfer of the Series 2001-D Certificate.................................................25

SECTION 20.           Amendment to the Agreement................................................................25

SECTION 21.           Annual Servicer's Certificate for Series 2001-D...........................................25

SECTION 22.           Annual Independent Accountants' Servicing Report..........................................25

SECTION 23.           Compliance with Regulation AB.............................................................26

EXHIBITS

EXHIBIT A                  Form of Series 2001-D Certificate
EXHIBIT A-1                Form of Class D Certificate
EXHIBIT B                  Form of Monthly Payment Instructions and Notification to the Trustee
EXHIBIT C                  Form of Monthly Series 2001-D Certificateholder's Statement

                                                              -i-

                                                         TABLE OF CONTENTS
                                                            (continued)

EXHIBIT D                  Form of Annual Certification
EXHIBIT E                  Servicing Criteria to be Addressed in Assessment of Compliance

SCHEDULE 1

Schedule to the Exhibit C of the Pooling and Servicing Agreement

                                                              -ii-

                  THIS THIRD AMENDED AND RESTATED SERIES 2001-D SUPPLEMENT (this "Series Supplement"), by and among FIA CARD
SERVICES, NATIONAL ASSOCIATION, a national banking association ("FIA"), as Servicer, BA CREDIT CARD FUNDING, LLC, a Delaware
limited liability company ("Funding"), as Transferor, and THE BANK OF NEW YORK MELLON (formerly known as The Bank of New
York), as Trustee (the "Trustee") under the Second Amended and Restated Pooling and Servicing Agreement, dated as of October
20, 2006, between FIA, as Servicer, Funding, as Transferor, and the Trustee, as amended and supplemented from time to time
(the "Agreement"), is dated as of March 2, 2009.

                  WHEREAS, the Trustee and MBNA America Bank, National Association ("MBNA") (as the predecessor to FIA) have
heretofore executed and delivered a Series 2001-D Supplement, dated as of May 24, 2001 (as amended, supplemented or otherwise
modified prior to June 10, 2006, the "Original Series 2001-D Supplement");

                  WHEREAS, the Trustee and FIA have heretofore executed and delivered an Amended and Restated Series 2001-D
Supplement, dated as of June 10, 2006;

                  WHEREAS, the Trustee, the Transferor and FIA have heretofore executed and delivered a Second Amended and
Restated Series 2001-D Supplement, dated as of October 20, 2006 (as amended, supplemented or otherwise modified prior to
March 2, 2009, the "Second Amended and Restated Series 2001-D Supplement");and

                  WHEREAS, the parties hereto desire to amend and restate in its entirety the Second Amended and Restated
Series 2001-D Supplement to, among other things, provide for the issuance of the Class D Certificate (as defined below).

                  NOW, THEREFORE, in consideration of the promises and the agreements contained herein, the Second Amended
and Restated Series 2001-D Supplement is hereby amended and restated in its entirety as follows:

                  Section 6.09 of the Agreement provides, among other things, that the Transferor and the Trustee may at any
time and from time to time enter into a supplement to the Agreement for the purpose of authorizing the delivery by the
Trustee to the Transferor for the execution and redelivery to the Trustee for authentication of one or more Series of
Certificates.

                  Pursuant to the Original Series 2001-D Supplement, MBNA, as seller and predecessor to the Transferor, and
the Trustee created a Series consisting of an Investor Certificate, and this Series Supplement shall specify the Principal
Terms thereof and of the Class D Certificate.

                  SECTION 1.          Designation.

                  (a)      The Series created pursuant to the Original Series 2001-D Supplement consists of an Investor
Certificate issued pursuant to the Agreement and the Original Series 2001-D Supplement and known as the "Series 2001-D
Certificate."  Such Investor Certificate has been issued in one Class and is designated the Asset Backed Certificate, Series
2001-D (the "Series 2001-D Certificate").  The Series 2001-D Certificate has been issued as one definitive certificate

substantially in the form of Exhibit A hereto.  In addition, there is hereby created a second Class, an undivided interest in
the Trust which shall be an Investor Certificate for all purposes under the Agreement and this Series Supplement, which shall
be known as the Class D Certificate, Series 2001-D (the "Class D Certificate").  The Class D Certificate shall been issued as
one definitive certificate substantially in the form of Exhibit A-1 hereto.

                  (b)      Series 2001-D is included in Group One (as defined below).  Series 2001-D is not subordinated to
any other Series.

                  (c)      Except as expressly provided herein, (i) the provisions of Article VI and Article XII of the
Agreement relating to the registration, authentication, delivery, presentation, cancellation and surrender of Registered
Certificates and the opinion described in subsection 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion
in Section 1.01 of the Agreement do not apply to the Series 2001-D Certificate, and (ii) the provisions of Section 3.07 of
the Agreement do not apply to cause the Series 2001-D Certificate to be treated as debt for federal, state and local income
and franchise tax purposes, but rather the Transferor intends and, together with the Series 2001-D Certificateholders, agrees
to treat the Series 2001-D Certificate for federal, state and local income and franchise tax purposes as representing an
equity interest in the assets of the Trust.

                  (d)      The Class D Certificateholder, as holder of an Investor Certificate under the Agreement, shall be
entitled to the benefits of the Agreement and this Series Supplement.  Notwithstanding the foregoing, except as expressly
provided herein, (i) the provisions of Article VI and Article XII of the Agreement relating to the registration,
authentication, delivery, presentation, cancellation and surrender of Registered Certificates and the opinion described in
Section 6.09(b)(d)(i) and clauses (a) and (c) of the definition of Tax Opinion in Section 1.01 of the Agreement shall not be
applicable to the Class D Certificate, and (ii) the provisions of Section 3.07 of the Agreement do not apply to cause the
Class D Certificate to be treated as debt for federal, state and local income and franchise tax purposes, but rather the
Transferor, as the Class D Certificateholder, intends and agrees to treat the Class D Certificate for federal, state and
local income and franchise tax purposes as representing an equity interest in the assets of the Trust.

                  (e)      This Series Supplement is the Series 2001-D Supplement referred to in the Third Amended and
Restated Trust Agreement of the BA Credit Card Trust, dated as of October 20, 2006, among Funding, as beneficiary, and
Wilmington Trust Company, as owner trustee.

                  SECTION 2.          Definitions.

                  In the event that any term or provision contained herein shall conflict with or be inconsistent with any
provision contained in the Agreement, the terms and provisions of this Series Supplement shall govern.  All Article, Section
or subsection references herein shall mean Articles, Sections or subsections of the Agreement, except as otherwise provided
herein.  All capitalized terms not otherwise defined herein are defined in the Agreement.  Each capitalized term defined
herein shall relate only to the Series 2001-D Certificate and the Class D Certificate and no other Series of Certificates
issued by the Trust.

                                                                2

                  "Accumulation Period" with respect to Series 2001-D shall mean, solely for the purposes of the definition
of Group One Monthly Principal Payment as such term is defined in each Supplement relating to Group One, the Revolving Period.

                  "Adjusted Outstanding Dollar Principal Amount" shall have the meaning specified in the Indenture.

                  "Aggregate Class D Investor Default Amount" shall mean, with respect to any Monthly Period, the sum of the
Class D Investor Default Amounts with respect to such Monthly Period.

                  "Aggregate Investor Default Amount" shall have the meaning specified in Section 4.10(a).

                  "Aggregate Reallocated Principal Amount" shall mean, with respect to any Monthly Period, the sum of (i) the
aggregate Reallocated Principal Amounts (as defined in the Indenture) for all series of Notes for such Monthly Period and
(ii) the Reallocated Class D Principal Collections for such Monthly Period.

                  "Agreement" means the Second Amended and Restated Pooling and Servicing Agreement, dated as of October 20,
2006, among Funding, as Transferor, FIA, as Servicer, and The Bank of New York Mellon (formerly known as The Bank of New
York), as trustee, as amended, restated and supplemented from time to time.

                  "Allocation Reset Date" shall mean, with respect to any Monthly Period, any date on which (a) the Investor
Interest is increased as a result of (i) the issuance of a new tranche of Notes or the issuance of additional Notes in an
Outstanding tranche of Notes during such Monthly Period, (ii) the accretion of principal on Discount Notes during such
Monthly Period, or (iii) a release of pre-funded amounts (other than prefunded amounts deposited during such Monthly Period)
from a principal funding account for any Note during such Monthly Period, (b) an Addition Date occurs or (c) a Removal Date
occurs on which, if any Series has been paid in full, Principal Receivables in an aggregate amount approximately equal to the
initial investor interest of such Series are removed from the Trust; provided, however, that solely with respect to this
term, "Series" shall mean any series of Investor Certificates (as defined in the Agreement) and any series, class or tranche
of Notes.

                  "Amendment Closing Date" shall mean March 2, 2009.

                  "Available Funds" shall mean, with respect to any Monthly Period, an amount equal to the sum of
(i) Collections of Finance Charge Receivables and amounts with respect to Annual Membership Fees allocated to Series 2001-D
and deposited in the Finance Charge Account for such Monthly Period (or to be deposited in the Finance Charge Account on the
related Transfer Date with respect to the preceding Monthly Period pursuant to the third paragraph of subsection 4.03(a) and
Section 2.08 of the Agreement and subsection 3(b) of this Series Supplement) plus the amount of Reallocated Class D
Principal Collections, if any, to be applied as Available Funds on the Transfer Date following such Monthly period, plus
(ii) Principal Account Investment Proceeds to be treated as Available Funds for such Monthly

                                                                3

Period pursuant to subsection 4.02(e) of the Agreement as amended by subsection 5(b) of this Series
Supplement, plus (iii) Finance Charge Account Investment Proceeds to be treated as Available Funds for such Monthly
Period pursuant to subsection 4.02(e) of the Agreement as amended by subsection 5(b) of this Series Supplement, minus
(iv) if FIA or The Bank of New York Mellon is the Servicer, any Servicer Interchange for the related Monthly Period.

                  "Available Investor Principal Collections" shall mean with respect to any Monthly Period, an amount equal
to (a) the Investor Principal Collections for such Monthly Period, plus (b) the amount of Shared Principal Collections with
respect to Group One that are allocated to Series 2001-D in accordance with subsection 4.07(b) plus (c) any amounts treated
as Available Investor Principal Collections pursuant to subsection 4.06(a)(ii) or (iii) on the Transfer Date following
such Monthly Period.

                  "BAseries Available Funds Shortfall" shall have the meaning specified in Section 4.10(b).

                  "BAseries Indenture Supplement" means the Second Amended and Restated Indenture Supplement, dated as of
October 20, 2006, between BA Credit Card Trust, a Delaware statutory trust, and The Bank of New York Mellon (formerly known
as The Bank of New York), a New York banking corporation, as Indenture Trustee, as amended, restated and supplemented from
time to time.

                  "Certificate Representative" shall mean (a) if there is one Holder of the Series 2001-D Certificate, such
Holder or the designee of such Holder, and (b) if there is more than one Holder of the Series 2001-D Certificate, the
designee of the Holders of a majority of the outstanding principal balance of the Series 2001-D Certificate.

                  "Class D Certificate" shall have the meaning specified in Section 1.

                  "Class D Certificateholder" shall mean the Transferor or its successor in interest.

                  "Class D Investor Charge-Off" shall have the meaning specified in Section 4.10(a).

                  "Class D Investor Default Amount" shall mean, with respect to any Receivable in a Defaulted Account, an
amount equal to the product of (a) the Default Amount and (b) the Floating Investor Percentage on the day such Account became
a Defaulted Account.

0                  "Class D Investor Interest" shall mean, on any date of determination, an amount equal to (a) the Class D
Required Investor Interest as of the Amendment Closing Date, plus (b) the amount of any increase in the Class D Required
Investor Interest following the Amendment Closing Date, minus (c) the aggregate amount of principal payments made to the
Class D Certificateholder on or prior to such date, minus (d) the aggregate amount of Class D Investor Charge-Offs recognized
on or prior to such date pursuant to Section 4.10(a), minus (e) the aggregate amount of Reallocated Class D Principal
Collections allocated on or prior to such date for which the Class D Investor Interest has been reduced pursuant to Section
4.10(b), plus (f) the aggregate amount of Available Funds allocated and available on or prior to such date pursuant to

                                                                4

subsection 4.06(a)(iii) for the purpose of reimbursing amounts deducted pursuant to the foregoing clauses (d) and (e);
provided, however, that the Class D Investor Interest may not be reduced below zero.

                  "Class D Monthly Principal Amount" shall mean, for any Transfer Date, the amount, if any, by which the Class D
Investor Interest exceeds the Class D Required Investor Interest.

                  "Class D Principal Allocation" shall mean, with respect to any Date of Processing, an amount equal to the
product of (i) the aggregate amount of Collections processed in respect of Principal Receivables on such Date of Processing
and (ii) the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the
Class D Investor Interest as of such Date of Processing and the denominator of which is equal to the Investor Interest as of
such Date of Processing.

                   "Class D Required Investor Interest" shall mean, as of any date of determination, an amount equal to the
sum of:

                  (a)      (i) the Adjusted Outstanding Dollar Principal Amount of the Class A Notes (other than the Class
         A(2001-Emerald) Notes), divided by 0.78, minus (ii) the Adjusted Outstanding Dollar Principal Amount of the Class A
         Notes (other than the Class A(2001-Emerald) Notes), minus (iii) the aggregate Class A Required Subordinated Amount
         of Class B Notes, minus (iv) the aggregate Class A Required Subordinated Amount of Class C Notes minus the Class A
         Required Subordinated Amount of Class C Notes for the Class A(2001-Emerald) Notes; plus

                  (b)      (i) the Adjusted Outstanding Dollar Principal Amount of the Class A(2001-Emerald) Notes, divided by
         0.85, minus (ii) the Adjusted Outstanding Dollar Principal Amount of the Class A(2001-Emerald) Notes, minus (iii)
         the Class A Required Subordinated Amount of Class C Notes for the Class A(2001-Emerald) Notes; plus

                  (c)      (i) (A) the Adjusted Outstanding Dollar Principal Amount of the Class B Notes minus the aggregate
         Class A Required Subordinated Amount of Class B Notes, divided by (B) 0.845, minus (ii) the Adjusted Outstanding
         Dollar Principal Amount of the Class B Notes minus the aggregate Class A Required Subordinated Amount of Class B
         Notes, minus (iii) (A) the Adjusted Outstanding Dollar Principal Amount of the Class B Notes minus the aggregate
         Class A Required Subordinated Amount of Class B Notes, times (B) 0.0810811; plus

                  (d)      (i) (A) the Adjusted Outstanding Dollar Principal Amount of the Class C Notes minus the sum of (x)
         the aggregate Class B Required Subordinated Amount of Class C Notes plus (y) the Class A Required Subordinated
         Amount of Class C Notes for the Class A(2001-Emerald) Notes, divided by (B) 0.92, minus (ii) the Adjusted
         Outstanding Dollar Principal Amount of the Class C Notes minus the sum of (A) the aggregate Class B Required
         Subordinated Amount of Class C Notes plus (B) the Class A Required Subordinated Amount of Class C Notes for the
         Class A(2001-Emerald) Notes;

                                                                5

         provided,  however,  that following a Pay Out  Commencement  Date, the Class D Required Investor Interest shall be
         fixed at the amount determined as of such Pay Out  Commencement  Date until the date on which the  aggregate  Nominal
         Liquidation Amounts of all Outstanding Notes are paid in full. Capitalized terms used in this  definition  but not
         defined  herein are  defined in the  BAseries Indenture Supplement or the Class  A(2001-Emerald)  Terms Document,
         dated as of August 15, 2001 (as amended,  supplemented  or otherwise  modified  from time to time), between BA Credit
         Card Trust, as Issuer, and The Bank of New York Mellon, as Indenture  Trustee.  The  Transferor  may change this
         definition of "Class D Required   Investor    Interest"   without   the   consent   of   any   Investor
         Certificateholder   so  long  as  the  Transferor   has  (i)  received   written confirmation  from each Rating Agency
         that has rated any Outstanding  Notes that such change will not result in a Ratings  Effect (as such term is defined
         in the Indenture)  with  respect to any  Outstanding  Notes and (ii)  delivered  to the Trustee  and the Rating
         Agencies a Master  Trust Tax  Opinion and an Issuer Tax Opinion (as such terms are defined in the Indenture).

                  "Closing Date" shall mean May 24, 2001.

                  "Code" shall mean the Internal Revenue Code of 1986, as amended.

                  "Commission" shall have the meaning specified in subsection 25(a).

                  "Cumulative Series Principal Shortfall" shall mean the sum of the Series Principal Shortfalls (as such term
is defined in each of the related Series Supplements) for each Series in Group One.

                  "Daily Principal Shortfall" shall mean, on any date of determination, the excess of the Group One Monthly
Principal Payment for the Monthly Period relating to such date over the month to date amount of Collections processed in
respect of Principal Receivables for such Monthly Period allocable to Investor Certificates of all outstanding Series in
Group One, not subject to reallocation, which are on deposit or to be deposited in the Principal Account on such date.

                  "Distribution Date" shall mean July 16, 2001 and the fifteenth day of each calendar month thereafter, or if
such fifteenth day is not a Business Day, the next succeeding Business Day.

                  "Finance Charge Account Investment Proceeds" shall mean, with respect to each Transfer Date, the investment
earnings on deposits of Collections of Finance Charge Receivables for the related Monthly Period in the Finance Charge
Account (net of investment expenses and losses) for the period from and including the first day of the related Monthly Period
to but excluding such Transfer Date.

                  "Fitch" shall mean Fitch, Inc., or any successor thereto.

                  "Floating Allocation Investor Interest" shall mean, on any date of determination during any Monthly Period,
an amount equal to the sum of (i) the aggregate Available Funds Allocation Amount (as defined in the Indenture) for all
series of Notes plus (ii) an amount equal

                                                                6

to the sum of the Class D Investor Interest as of the last day of the preceding Monthly Period plus the aggregate amount
of any increases in the Class D Investor Interest as a result of an increase in the Class D Required Investor Interest.

                  "Floating Investor Percentage" shall mean, with respect to any date of determination during any Monthly
Period, the percentage equivalent of a fraction, the numerator of which is the Floating Allocation Investor Interest for such
date and the denominator of which is the greater of (a) the aggregate amount of Principal Receivables as of the close of
business on the last day of the preceding Monthly Period (or with respect to the first calendar month in the first Monthly
Period, the aggregate amount of Principal Receivables in the Trust as of the close of business on the day immediately
preceding the Closing Date and with respect to the second calendar month in the first Monthly Period, the aggregate amount of
Principal Receivables in the Trust as of the close of business on the last day of the first calendar month in the first
Monthly Period), and (b) the sum of the numerators used to calculate the Investor Percentages (as such term is defined in the
Agreement) for allocations with respect to Finance Charge Receivables or Default Amounts, as applicable, for all outstanding
Series on such date of determination; provided, however, that with respect to any Monthly Period in which an Allocation Reset
Date occurs, the denominator determined pursuant to clause (a) hereof shall be, on and after such date, the aggregate amount
of Principal Receivables in the Trust as of the beginning of the day on the most recently occurring Allocation Reset Date
(after adjusting for the aggregate amount of Principal Receivables, if any, added to or removed from the Trust on such
Allocation Reset Date).

                  "Group One" shall mean Series 2001-D and each other Series specified in the related Supplement to be
included in Group One.

                  "Group One Monthly Principal Payment" shall mean with respect to any Monthly Period, for all Series in
Group One (including Series 2001-D) which are in an Amortization Period or Accumulation Period (as such terms are defined in
the related Supplements for all Series in Group One), the sum of (a) the Controlled Distribution Amount for the related
Transfer Date for any Series in its Controlled Amortization Period (as such terms are defined in the related Supplements for
all Series in Group One), (b) the Controlled Deposit Amount for the related Transfer Date for any Series (other than this
Series 2001-D) in its Accumulation Period, other than its Rapid Accumulation Period, if applicable (as such terms are defined
in the related Supplements for all Series in Group One), (c) if Series 2001-D is in its Accumulation Period, the Monthly
Principal Target for such Monthly Period, (d) the Investor Interest as of the end of the prior Monthly Period taking into
effect any payments to be made on the following Distribution Date for any Series in Group One in its Principal Amortization
Period or Rapid Amortization Period (as such terms are defined in the related Supplements for all Series in Group One), (e)
the Adjusted Investor Interest as of the end of the prior Monthly Period taking into effect any payments or deposits to be
made on the following Transfer Date and Distribution Date for any Series in Group One in its Rapid Accumulation Period (as
such terms are defined in the related Supplements for all Series in Group One), and (f) such other amounts as may be
specified in the related Supplements for all Series in Group One.

                  "Indenture" shall mean the Second Amended and Restated Indenture, dated as of October 20, 2006, between BA
Credit Card Trust, as Issuer, and The Bank of New York Mellon

                                                                7

(formerly known as The Bank of New York), as indenture trustee, as amended and supplemented from time to time.

                  "Initial Investor Interest" shall mean, when used in the Agreement, this Series Supplement or any other
Supplement with respect to Series 2001-D and with respect to any Monthly Period, the sum of (i) the Initial Dollar Principal
Amount (as defined in the Indenture) of any Outstanding series, class or tranche of Notes and (ii) the Class D Required
Investor Interest.

                  "Insolvency Proceeds" shall mean any proceeds arising out of a sale, disposition or liquidation of
Receivables (or interests therein) pursuant to subsection 9.02(a) of the Agreement.

                  "Investor Default Amount" shall mean, with respect to any day in a Monthly Period, zero; provided, however,
that if the Aggregate Investor Amount Default Amount on any Transfer Date is greater than zero, the Investor Default Amount
with respect to each day in the immediately preceding Monthly Period shall be an amount equal to the Aggregate Investor
Default Amount as of such Transfer Date divided by the number of days in such Monthly Period.

                  "Investor Default Rate" shall mean, for any Monthly Period, the percentage equivalent of a fraction, the
numerator of which is the Aggregate Class D Investor Default Amount for such Monthly Period and the denominator of which is
the Weighted Average Floating Allocation Investor Interest for such Monthly Period.

                  "Investor Interest" with respect to Series 2001-D shall mean, on any date of determination, an amount equal
to the sum of (i) the aggregate Nominal Liquidation Amounts for each tranche of Notes Outstanding plus (ii) the Class D
Investor Interest, in each case as of such date of determination.

                  "Investor Percentage" shall mean for any Monthly Period, (a) with respect to Finance Charge Receivables and
Default Amounts, the Floating Investor Percentage and (b) with respect to Principal Receivables, the Principal Investor
Percentage.

                  "Investor Principal Collections" shall mean, with respect to any Monthly Period, the sum of (a) the
aggregate amount deposited into the Principal Account for such Monthly Period pursuant to subsections 4.05(a)(ii) or
4.05(b)(ii), in each case, as applicable to such Monthly Period, and (b) the aggregate amount of Unallocated Principal
Collections deposited into the Principal Account pursuant to subsection 4.05(c).

                  "Investor Servicing Fee" shall have the meaning specified in subsection 3(a) hereof.

                  "Legal Maturity Date," with respect to any tranche of Notes, shall have the meaning specified in the
Indenture.

                  "Monthly Interest Proxy Amount" shall mean, with respect to any Monthly Period, as determined on any date
of determination, an amount equal to the sum of (a) the

                                                                8

product of (i) the aggregate amount targeted to be deposited into the Interest Funding Account (for the avoidance of doubt,
such amount shall include any interest, specified deposits, payments to derivative counterparties, program fees, liquidity
fees or other amounts targeted to be deposited into the Interest Funding Account pursuant to the Indenture and the BAseries
Indenture Supplement) for all outstanding tranches of Notes on the Transfer Date occurring in such Monthly Period and (ii)
1.50 and (b) following any increase in the Floating Allocation Investor Interest during such Monthly Period, the aggregate
amount targeted to be deposited into the Interest Funding Account on the following Transfer Date which relates to such increase.

                  "Monthly Interest Target" shall mean, with respect to each Monthly Period, an amount equal to the aggregate
Targeted Interest Deposit Amounts (as defined in the Indenture) for all series of Notes for such Monthly Period.

                  "Monthly Period" shall have the meaning specified in the Agreement, except that the first Monthly Period
with respect to the Series 2001-D Certificate shall begin on and include the Closing Date and shall end on and include June
30, 2001, and that the first Monthly Period with respect to the Class D Certificate shall begin on and include the Amendment
Closing Date and shall end on and include March 31, 2009.

                  "Monthly Principal Target" shall mean, with respect to each Monthly Period, an amount equal to the
sum of (i) the aggregate Targeted Principal Deposit Amounts (as defined in the Indenture) for all series of Notes for such Monthly
Period and (ii) the Class D Monthly Principal Amount for such Monthly Period.

                  "Monthly Servicing Fee Proxy Amount" shall mean, with respect to any Monthly Period, as determined on any
date of determination, an amount equal to the Net Servicing Fee calculated for the preceding Monthly Period.

                  "Net Servicing Fee" shall have the meaning specified in subsection 3(a) of this Series Supplement.

                  "Net Servicing Fee Rate" shall mean (a) so long as FIA or The Bank of New York Mellon is the Servicer,
1.25% per annum and (b) if FIA or The Bank of New York Mellon is no longer the Servicer, 2.0% per annum.

                  "Netting Conditions" shall mean each of the following conditions: (i) a Pay Out Event with respect to
Series 2001-D shall not have occurred and be continuing, (ii) an Early Redemption Event as described in Section 4.01 of the
BAseries Indenture Supplement with respect to the Notes or similar early redemption event relating to excess spread amounts
or portfolio yield as described in the Indenture Supplement for any other outstanding series of Notes shall not have occurred
and be continuing, (iii) an Event of Default and acceleration as described in Section 701(a) or (b) of the Indenture shall
not have occurred and be continuing, and (iv) the Servicer shall have a long-term unsecured debt rating of not lower than
investment grade provided by Standard & Poor's and Fitch; provided, that the Netting Condition in this clause (iv) will be
deemed to be satisfied unless it is not satisfied for a period of five Business Days and such condition has not been waived
in writing by each applicable Rating Agency or cured.

                                                                9

                  "Nominal Liquidation Amount," with respect to any tranche of Notes, shall have the meaning specified in the
Indenture.

                  "Note" or "Notes" shall mean each Note or the Notes (as defined in the Indenture) secured by the Series
2001-D Certificate.

                  "Outstanding" shall have the meaning specified in the Indenture.

                  "Outstanding Dollar Principal Amount," with respect to any tranche of Notes, shall have the meaning
specified in the Indenture.

                  "Pay Out Commencement Date" shall mean the date on which a Trust Pay Out Event is deemed to occur pursuant
to Section 9.01 of the Agreement or a Series 2001-D Pay Out Event is deemed to occur pursuant to Section 7 hereof.

                  "Payment Instruction" shall have the meaning specified in the Indenture.

                  "Permitted Assignee" shall mean any Person (other than the Transferor or any of its Affiliates) who, if it
were the holder of an interest in the Trust would not cause the Trust to be taxable as a publicly traded partnership for
federal income tax purposes.

                  "Principal Account Investment Proceeds" shall mean, with respect to each Transfer Date, the investment
earnings on deposits of Collections of Principal Receivables for the related Monthly Period in the Principal Account (net of
investment expenses and losses) for the period from and including the first day of the related Monthly Period to but
excluding such Transfer Date.

                  "Principal Allocation Investor Interest" shall mean, on any date of determination during any Monthly
Period, an amount equal to the sum of (i) the aggregate Principal Allocation Amounts (as defined in the Indenture) for all
series of Notes plus (ii) an amount equal to the sum of the Class D Investor Interest as of the last day of the preceding
Monthly Period plus the aggregate amount of any increases in the Class D Investor Interest as a result of an increase in the
Class D Required Investor Interest.

                  "Principal Investor Percentage" shall mean, with respect to any date of determination during any Monthly
Period, the percentage equivalent of a fraction, the numerator of which is the Principal Allocation Investor Interest for
such date and the denominator of which is the greater of (a) the aggregate amount of Principal Receivables in the Trust
determined as of the close of business on the last day of the prior Monthly Period (or with respect to the first calendar
month in the first Monthly Period, the aggregate amount of Principal Receivables in the Trust determined as of the close of
business on the day preceding the Closing Date and with respect to the second calendar month in the first Monthly Period, the
aggregate amount of Principal Receivables in the Trust as of the close of business on the last day of the first calendar
month in the first Monthly Period), and (b) the sum of the numerators used to calculate the Investor Percentages (as such
term is defined in the Agreement) for allocations with respect to Principal Receivables for all outstanding Series on such
date of determination; provided,

                                                                10

however, that with respect to any Monthly Period in which an Allocation Reset Date occurs, the denominator determined
pursuant to clause (a) hereof shall be, on and after such date, the aggregate amount of Principal Receivables in the
Trust as of the beginning of the day on the most recently occurring Allocation Reset Date (after adjusting for the
aggregate amount of Principal Receivables, if any, added to or removed from the Trust on such Allocation Reset Date).

                  "Rapid Amortization Period" shall mean the Amortization Period commencing on the Pay Out Commencement Date
and ending on the earlier to occur of (a) the Series 2001-D Termination Date and (b) the termination of the Trust pursuant to
Section 12.01 of the Agreement.

                  "Rating Agency" shall mean, so long as any tranche of Notes is rated by Moody's, Moody's, so long as any
tranche of Notes is rated by Standard & Poor's, Standard & Poor's and, so long as any tranche of Notes is rated by Fitch,
Fitch.

                  "Rating Agency Condition" shall mean the notification in writing by each Rating Agency to the Transferor,
the Servicer and the Trustee that an action will not result in any Rating Agency reducing or withdrawing its then existing
rating of the Investor Certificates (as defined in the Agreement) of any outstanding Series or class of a Series with respect
to which it is a Rating Agency.

                  "Reallocated Class D Principal Collections" shall mean, with respect to any Transfer Date, Collections of
Principal Receivables applied in accordance with Section 4.10(b); provided, however, that such amount shall not exceed (i)
the Class D Investor Interest after giving effect to any Class D Investor Charge-Offs for such Transfer Date or (ii) the sum
of the Class D Principal Allocations with respect to the immediately preceding Monthly Period.

                  "Reassignment Amount" shall mean, with respect to any Transfer Date, the sum of (a) the Adjusted
Outstanding Dollar Principal Amount (as defined in the Indenture) of all Notes plus the Class D Investor Interest on such
Transfer Date, (b) the Monthly Interest Target with respect to the immediately preceding Monthly Period, (c) any due and
unpaid BAseries Servicing Fee (as such term is defined in the BAseries Indenture Supplement) owed to the Servicer, or any
other fees and expenses of the Indenture Trustee payable by the BA Credit Card Trust pursuant to the Indenture, each after
giving effect to any deposits and distributions otherwise to be made on such Transfer Date and (d) any due and unpaid
Investor Servicing Fee owed to the Servicer (in excess of any amounts owed to the Servicer under clause (c) of this definition).

                  "Revolving Period" shall mean the period from and including the Closing Date to, but not including, the Pay
Out Commencement Date.

                  "Sarbanes Certification" shall have the meaning specified in subsection 23(d)(iii).

                                                                11

                  "Securitization Transaction" shall mean any New Issuance of Investor Certificates, pursuant to Section 6.03
of the Agreement, or issuance of Notes by the BA Credit Card Trust, publicly offered or privately placed, rated or unrated.

                  "Segregated Transferor Interest" shall mean a dollar amount of the Transferor Interest equal to the
aggregate prefunded amounts on deposit in the Principal Funding Accounts for each series of Notes, as notified to the
Servicer pursuant to Section 4.09 of the Agreement.

                  "Series 2001-D" shall mean the Series of BA Master Credit Card Trust II represented by the Series 2001-D
Certificate and the Class D Certificate.

                  "Series 2001-D Certificate" shall have the meaning specified in Section 1.

                  "Series 2001-D Certificateholders" shall mean the Holders of the Series 2001-D Certificate.

                  "Series 2001-D Monthly Principal Payment" shall mean, with respect to any Monthly Period, an amount equal
to the aggregate Monthly Principal Payments (as defined in the Indenture) for each series of Notes for such Monthly Period.

                  "Series 2001-D Pay Out Event" shall have the meaning specified in Section 7 hereof.

                  "Series 2001-D Termination Date" shall mean the earlier to occur of (a) the date designated by the
Transferor following the last Legal Maturity Date of any series, class or tranche of Notes, and (b) the Trust Termination
Date.

                  "Series Principal Shortfall" shall mean, with respect to any Transfer Date, the sum of (i) the excess, if
any, of the sum of the Principal Shortfalls (as defined in the Indenture) for all series of Notes for the related Monthly
Period over the sum of the Principal Excesses (as defined in the Indenture) for all series of Notes for the related Monthly
Period plus (ii) the excess, if any, of the Class D Monthly Principal Amount with respect to such Transfer Date over the
amount of Available Investor Principal Collections payable to the Class D Certificateholder pursuant to subsection 4.06(b)(ii)
or 4.06(c)(ii) ̧ as applicable, as of such Transfer Date.

                  "Series Servicing Fee Percentage" shall mean 2.0%.

                  "Servicer Interchange" shall mean, for any Transfer Date, the portion of Collections of Finance Charge
Receivables allocated to Series 2001-D and deposited in the Finance Charge Account with respect to the related Monthly Period
that is attributable to Interchange; provided, however, that Servicer Interchange for any Transfer Date shall not exceed
one-twelfth of the product of (i) the Weighted Average Floating Allocation Investor Interest for the related Monthly Period
and (ii) 0.75%.

                  "Servicing Criteria" shall mean the "servicing criteria" set forth in Item 1122(d) of Regulation AB, as
such may be amended from time to time.

                                                                12

                  "Servicing Participant" shall mean the Servicer, any Subservicer or any Person that participates in any of
the servicing functions specified in Item 1122(d) of Regulation AB with respect to the Receivables. For the avoidance of
doubt, the term "Servicing Participant" shall not include the Trustee.

                  "Servicing Party" shall have the meaning specified in subsection 23(f)(i).

                  "Shared Principal Collections" shall mean, with respect to any Transfer Date, either (a) the amount
allocated to Series 2001-D which may be applied to the series principal shortfall with respect to other outstanding Series in
Group One or (b) the amounts allocated to the Investor Certificates of other Series in Group One which the applicable
Supplements for such Series specify are to be treated as "Shared Principal Collections" and which may be applied to cover the
Series Principal Shortfall with respect to Series 2001-D.

                  "Subordinated Principal Target Deposit Amount" shall mean, for any date of determination during any Monthly
Period, an amount equal to the excess, if any, of (a) the sum of (i) the Monthly Interest Proxy Amount for such Monthly
Period, plus (ii) if FIA or The Bank of New York Mellon is not the Servicer, the Monthly Servicing Fee Proxy Amount for such
Monthly Period, over (b) the aggregate amount of Collections of Finance Charge Receivables allocated to Series 2001-D for the
preceding Monthly Period (unless the Transferor or the Servicer has reason to expect that Collections of Finance Charge
Receivables allocated to the Investor Certificateholders for the current Monthly Period will be materially less, in which
case, the amount calculated pursuant to clause (b) shall be such lesser amount).

                  "Subordinated Note Percentage" shall mean, with respect to any date of determination during any Monthly
Period, the percentage equivalent of a fraction, the numerator of which is the sum of (i) the aggregate Principal Allocation
Amounts (as defined in the Indenture) for such date calculated for those Notes which are subordinated to any senior Notes
plus (ii) an amount equal to the sum of the Class D Investor Interest as of the last day of the preceding Monthly Period plus
the aggregate amount of any increases in the Class D Investor Interest as a result of an increase in the Class D Required
Investor Interest, and the denominator of which is the Principal Allocation Investor Interest for such date.

                  "Subservicer" shall mean any Person that services the Receivables on behalf of the Servicer or any
Subservicer and is responsible for the performance (whether directly or through Subservicers or Servicing Participants) of a
substantial portion of the material servicing functions required to be performed by the Servicer under the Agreement or this
Series Supplement that are identified in Item 1122(d) of Regulation AB.  For the avoidance of doubt, the term "Subservicer"
shall not include the Trustee.

                  "Termination Proceeds" shall mean any proceeds arising out of a sale of Receivables (or interests therein)
pursuant to subsection 12.01(b) of the Agreement with respect to Series 2001-D.

                  "Unallocated Principal Collections" shall have the meaning specified in subsection 4.05(c).

                                                                13

                  "Weighted Average Floating Allocation Investor Interest" shall mean, with respect to any Monthly Period,
the sum of the Floating Allocation Investor Interest as of the close of business on each day during such Monthly Period
divided by the actual number of days in such Monthly Period.

                  SECTION 3.          Servicing Compensation and Assignment of Interchange.

                  (a)      The share of the Servicing Fee allocable to Series 2001-D with respect to any Transfer Date (the
"Investor Servicing Fee") shall be equal to one-twelfth of the product of (i) the Series Servicing Fee Percentage and (ii) the
Weighted Average Floating Allocation Investor Interest for the Monthly Period preceding such Transfer Date.  On each Transfer
Date for which FIA or The Bank of New York Mellon is the Servicer, the Servicer Interchange with respect to the related
Monthly Period that is on deposit in the Finance Charge Account shall be withdrawn from the Finance Charge Account and paid
to the Servicer in payment of a portion of the Investor Servicing Fee with respect to such Monthly Period.  Should the
Servicer Interchange on deposit in the Finance Charge Account on any Transfer Date with respect to the related Monthly Period
be less than one-twelfth of 0.75% of the Weighted Average Floating Allocation Investor Interest for such Monthly Period, the
Investor Servicing Fee with respect to such Monthly Period will not be paid to the extent of such insufficiency of Servicer
Interchange on deposit in the Finance Charge Account.  The share of the Investor Servicing Fee allocable to Series 2001-D
with respect to any Transfer Date (the "Net Servicing Fee") shall be equal to one-twelfth of the product of (i) the Net
Servicing Fee Rate and (ii) the Weighted Average Floating Allocation Investor Interest for the related Monthly Period.
Except as specifically provided above, the Servicing Fee shall be paid by the cash flows from the Trust allocated to the
Transferor or the Investor Certificateholders of other Series (as provided in the related Supplements) and in no event shall
the Trust, the Trustee, the Series 2001-D Certificateholders or the Class D Certificateholder be liable therefor.  The Net
Servicing Fee shall be payable to the Servicer solely to the extent amounts are available for distribution in respect thereof
pursuant to the Indenture.

                  (b)      On or before each Transfer Date, the Transferor shall notify the Servicer of the amount of
Interchange to be included as Collections of Finance Charge Receivables and allocable to the Series 2001-D Certificateholders
and the Class D Certificateholder with respect to the preceding Monthly Period as determined pursuant to this subsection
3(b).  Such amount of Interchange shall be equal to the product of (i) the total amount of Interchange paid to the Transferor
with respect to such Monthly Period and (ii) the Investor Percentage with regard to Finance Charge Receivables.  On each
Transfer Date, the Transferor shall cause to be deposited into the Finance Charge Account, in immediately available funds,
the amount of Interchange to be so included as Collections of Finance Charge Receivables allocable to Series 2001-D with
respect to the preceding Monthly Period.  The Transferor hereby assigns, sets-over, conveys, pledges and grants a security
interest and lien to the Trustee for the benefit of the Series 2001-D Certificateholders and the Class D Certificateholder in
Interchange and the proceeds of Interchange, as set forth in this subsection 3(b).  In connection with the foregoing grant of
a security interest, this Series Supplement shall constitute a security agreement under applicable law.  To the extent that a
Supplement for a related Series, other than Series 2001-D, assigns, sets-over, conveys, pledges or grants a security interest
in Interchange allocable to the Trust, all

                                                                14

Investor Certificates of any such Series (except as otherwise specified in any such Supplement) and the Series 2001-D
Certificate and the Class D Certificate shall rank pari passu and be equally and ratably entitled as provided herein to
the benefits of such Interchange without preference or priority on account of the actual time or times of authentication and
delivery, all in accordance with the terms and provisions of this Series Supplement and other related Supplements.

                  SECTION 4.        Delivery of the Series 2001-D Certificate and the Class D Certificate.

                  (a)      On or prior to the Closing Date, the Seller (as defined in the Agreement) executed the Series
2001-D Certificate and delivered it to the Trustee for authentication in accordance with Section 6.01 of the Agreement.  The
Trustee delivered such Certificate after it was authenticated in accordance with Section 6.02 of the Agreement.  On or prior
to the Amendment Closing Date, the Transferor shall execute and deliver the Class D Certificate to the Trustee for
authentication in accordance with Section 6.01 of the Agreement.  The Trustee shall deliver such Class D Certificate when
authenticated in accordance with Section 6.02 of the Agreement.

                  (b)      The Series 2001-D Certificate and the Class D Certificate shall be delivered as Registered
Certificates as provided in Section 6.01 of the Agreement.

                  (c)      The Series 2001-D Certificate shall constitute a "security" within the meaning of (i) Article 8 of
the Uniform Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the State of Delaware
and (ii) the Uniform Commercial Code of any other applicable jurisdiction that presently or hereafter substantially includes
the 1994 revisions to Article 8 thereof as adopted by the American Law Institute and the National Conference of Commissioners
on Uniform State Laws and approved by the American Bar Association on February 14, 1995.

                  (d)      When issued and sold in accordance with the terms of the Agreement, including when duly executed
and authenticated by the Trustee in accordance with the terms of the Agreement and when issued and delivered against payment
therefore, the Series 2001-D Certificate and the Class D Certificate will be duly and validly issued and outstanding, fully
paid, non-assessable, and entitled to the benefits of the Agreement.

                  SECTION 5.          Article IV of the Agreement.

                  (a)      Except as otherwise provided in subsection 5(b), Sections 4.01, 4.02 and 4.03 shall be read in
their entirety as provided in the Agreement.

                  (b)      Notwithstanding any provision of the Agreement or this Series Supplement to the contrary,
subsection 4.02(e) of the Agreement shall be amended to provide that on each Transfer Date the Trustee, at the Transferor's
direction given on or before such Transfer Date, shall (i) treat  as Available Funds in accordance with subsection 4.06(a)
Series 2001-D's pro rata portion of Finance Charge Account Investment Proceeds with respect to such Transfer Date based on
the ratio of the aggregate amount on deposit in the Finance Charge

                                                                15

Account with respect to Series 2001-D for the related Monthly Period at the commencement of such Transfer Date to the
aggregate amount on deposit in the Finance Charge Account for the related Monthly Period at the commencement of such
Transfer Date and (ii) treat as Available Funds in accordance with subsection 4.06(a) Series 2001-D's pro rata portion of
PrincipalAccount Investment Proceeds with respect to such Transfer Date based on the ratio of the aggregate amount on
deposit in the Principal Account with respect to Series 2001-D at the commencement of such Transfer Date to the aggregate
amount on deposit in the Principal Account at the commencement of such Transfer Date.

                  (c)      Article IV (except for Sections 4.01, 4.02 and 4.03 thereof) shall be read in its entirety as
follows and shall be applicable only to the Series 2001-D Certificate and the Class D Certificate:

                                                          ARTICLE IV
                                               RIGHTS OF CERTIFICATEHOLDERS AND
                                           ALLOCATION AND APPLICATION OF COLLECTIONS

                  SECTION 4.04          Rights of Series 2001-D Certificateholders and the Class D Certificateholder.  The
Series 2001-D Certificate and the Class D Certificate shall represent undivided interests in the Trust, consisting of the
right to receive, to the extent necessary to make the required payments with respect to the Investor Certificate at the times
and in the amounts specified in this Agreement, (a) the Floating Investor Percentage and Principal Investor Percentage (as
applicable from time to time) of Collections received with respect to the Receivables and (b) funds on deposit in the
Collection Account, the Finance Charge Account and the Principal Account.  The Class D Certificate shall be subordinate to
the Series 2001-D Certificate as provided herein.  The Transferor Interest shall not represent any interest in the Collection
Account, the Finance Charge Account or the Principal Account, except as specifically provided in this Article IV.

                  SECTION 4.05          Allocations.

                  (a)      Allocations During the Revolving Period.  During the Revolving Period, the Servicer shall, prior to
the close of business on the day any Collections are deposited in the Collection Account, allocate to the Series 2001-D
Certificateholders, the Class D Certificateholder or the Holder of the Transferor Interest and pay or deposit from the
Collection Account the following amounts as set forth below:

                  (i)      Allocate to the Series 2001-D Certificateholders and the Class D Certificateholder and deposit in
         the Finance Charge Account an amount equal to the product of (y) the Floating Investor Percentage on the Date of
         Processing of such Collections and (z) the aggregate amount of Collections of Finance Charge Receivables on such
         Date of Processing.  Funds deposited into the Finance Charge Account pursuant to this subsection 4.05(a)(i) shall be
         applied in accordance with Section 4.06.

                  (ii)     Allocate to the Series 2001-D Certificateholders and the Class D Certificateholder an amount equal
         to the product of (1) the Principal Investor Percentage on the Date of Processing of such Collections and (2) the
         aggregate amount of

                                                                16

         Collections processed in respect of Principal Receivables on such Date of Processing, and, of such amount:

                           (A) deposit in the Principal Account on each such Date of Processing an amount equal to the Daily
                  Principal Shortfall;

                           (B) deposit in the Principal Account the following amounts:

                                    (1)     on each such Date of Processing, an amount equal to the lesser of (x) the
                           Subordinated Note Percentage of the Collections in respect of Principal Receivables allocated to
                           the Series 2001-D Certificateholders and the Class D Certificateholder pursuant to this subsection
                           4.05(a)(ii) and (y) so long as the Netting Conditions are satisfied, the Subordinated Principal
                           Target Deposit Amount; provided, however, that if the Netting Conditions are not satisfied, an
                           amount equal to subsection 4.05(a)(ii)(B)(1)(x); and

                                    (2)     on the related Transfer Date, deposit in the Principal Account an amount equal to
                           the lesser of (x) the Collections in respect of Principal Receivables allocated to the Series
                           2001-D Certificateholders and the Class D Certificateholder pursuant to this subsection 4.05(a)(ii)
                           and not previously deposited in the Principal Account and (y) the excess, if any, of the Aggregate
                           Reallocated Principal Amount for the related Monthly Period over the aggregate amount on deposit in
                           the Principal Account pursuant to subsection 4.05(a)(ii)(B)(1) on the close of business on the last
                           day of the related Monthly Period.

                           (C) pay to the Holder of the Transferor Interest an amount equal to any excess; provided, however,
                  that the amount to be paid to the Holder of the Transferor Interest pursuant to this subsection
                  4.05(a)(ii)(C) with respect to any Date of Processing shall be paid to the Holder of the Transferor
                  Interest if, and only to the extent that, the Transferor Interest on such Transfer Date is equal to or
                  greater than the Minimum Transferor Interest (after giving effect to the inclusion in the Trust of all
                  Receivables created on or prior to such Date of Processing and the application of payments referred to in
                  subsection 4.03(b)) and otherwise shall be considered as Unallocated Principal Collections and deposited
                  into the Principal Account in accordance with subsection 4.05(c).

                  (b)      Allocations During the Rapid Amortization Period.  During the Rapid Amortization Period, the
Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate
to the Series 2001-D Certificateholders, the Class D Certificateholder or the Holder of the Transferor Interest and pay or
deposit from the Collection Account the following amounts as set forth below:

                  (i)      Deposit into the Finance Charge Account an amount equal to the product of (A) the Floating Investor
         Percentage on the Date of Processing of such Collections and

                                                                17

         (B) the aggregate amount of Collections processed in respect of Finance Charge Receivables on such Date of
         Processing to be applied in accordance with Section 4.06.

                  (ii)     (A)      Deposit into the Principal Account an amount equal to the product of (1) the Principal
         Investor Percentage on the Date of Processing of such Collections and (2) the aggregate amount of Collections
         processed in respect of Principal Receivables on such Date of Processing; provided, however, that the amount
         deposited into the Principal Account pursuant to this subsection 4.05(b)(ii)(A) shall not exceed the Investor
         Interest as of the close of business on the last day of the prior Monthly Period (after taking into account any
         payments, deposits and adjustments to be made to the Investor Interest on the Transfer Date relating to such Monthly
         Period) and (B) pay to the Holder of the Transferor Interest an amount equal to the excess, if any, identified in
         the proviso to clause (A) above; provided, however, that the amount to be paid to the Holder of the Transferor
         Interest pursuant to this subsection 4.05(b)(ii)(B) with respect to any Date of Processing shall be paid to the
         Holder of the Transferor Interest if, and only to the extent that, the Transferor Interest on such Date of
         Processing is equal to or greater than the Minimum Transferor Interest (after giving effect to the inclusion in the
         Trust of all Receivables created on or prior to such Date of Processing and the application of payments referred to
         in subsection 4.03(b)) and otherwise shall be considered as Unallocated Principal Collections and deposited into the
         Principal Account in accordance with subsection 4.05(c).

                  (c)      Unallocated Principal Collections.  Any Collections in respect of Principal Receivables not
allocated and paid to the Holder of the Transferor Interest because of the limitations contained in subsections
4.05(a)(ii)(C) and 4.05(b)(ii)(B) and any amounts allocable to Series 2001-D deposited in the Principal Account pursuant to
subsections 2.04(d)(iii) and 4.03(c) ("Unallocated Principal Collections") shall be held in the Principal Account and, except
as provided in the following sentence, shall be paid to the Holder of the Transferor Interest if, and only to the extent
that, the Transferor Interest is greater than the Minimum Transferor Interest.  For each Transfer Date with respect to any
Note Accumulation Period (as defined in the Indenture), any such Unallocated Principal Collections held in the Principal
Account on such Transfer Date shall be included in the Investor Principal Collections which to the extent available shall be
distributed as Available Investor Principal Collections to be applied pursuant to Section 4.06 on such Transfer Date.

                  (d)      Payments.  With respect to the Series 2001-D Certificate and the Class D Certificate, and
notwithstanding anything in the Agreement or this Series Supplement to the contrary, whether or not the Servicer is required
to make monthly or daily deposits from the Collection Account into the Finance Charge Account or the Principal Account
pursuant to subsections 4.05(a) or 4.05(b), with respect to any Monthly Period (i) the Servicer will only be required to
deposit Collections from the Collection Account into the Finance Charge Account or the Principal Account up to the required
amount to be deposited into any such account and distributed on or prior to the related Transfer Date to the Series 2001-D
Certificateholders and the Class D Certificateholder and (ii) if at any time prior to such Transfer Date the amount of
Collections deposited in the Collection Account, the Finance Charge Account or the Principal Account exceeds the amount
required to be deposited pursuant to clause (i) above, the Servicer must immediately withdraw the excess from the Collection
Account, the Finance Charge

                                                                18

Account or the Principal Account, as applicable, and immediately pay it to the Holder of the Transferor Interest.

                  SECTION 4.06          Monthly Payments.  On or before each Transfer Date, the Servicer shall instruct the
Trustee in writing (which writing shall be substantially in the form of Exhibit B hereto) to withdraw and the Trustee, acting
in accordance with such instructions, shall withdraw on such Transfer Date, to the extent of available funds, the amounts
required to be withdrawn from the Finance Charge Account and the Principal Account as follows:

                  (a)      An amount equal to the Available Funds deposited into the Finance Charge Account for the related
Monthly Period will be distributed on each Transfer Date in the following priority:

                  (i)      an amount equal to the lesser of (A) the Available Funds for such Transfer Date and (B) an amount
         equal to the sum of the deposits, applications and payments to be made on such Transfer Date pursuant to Sections
         3.01(a) through (g) of the BAseries Indenture Supplement will be paid on such Transfer Date to the Series 2001-D
         Certificateholders in accordance with Section 5.01;

                  (ii)     an amount equal to the lesser of (A) the Available Funds remaining after the application specified
         in subsection 4.06(a)(i) above and (B) the Aggregate Class D Investor Default Amount for the immediately preceding
         Monthly Period shall be treated as Available Investor Principal Collections and shall be deposited into the
         Principal Account on such Transfer Date;

                  (iii)    an amount equal to the lesser of (A) the Available Funds remaining after the application specified
         in subsections 4.06(a)(i) and (ii) above and (B) the sum of (1) the aggregate amount of any unreimbursed Class D
         Investor Charge-Offs as of such Transfer Date and (2) the aggregate amount of any reductions to the Class D Investor
         Interest pursuant to Section 4.10(b) shall be treated as Available Investor Principal Collections and shall be
         deposited into the Principal Account on such Transfer Date; and

                  (iv)     an amount equal to the excess, if any, of (A) the Available Funds for such Transfer Date over (B)
         the applications specified in subsections 4.06(a)(i), (ii) and (iii) will be paid on such Transfer Date to the
         Series 2001-D Certificateholders in accordance with Section 5.01 to be paid pursuant to Sections 3.01(h)and (i) of the
         BAseries Indenture Supplement.

                  (b)      During the Revolving Period, an amount equal to the Available Investor Principal Collections
deposited into the Principal Account for the related Monthly Period will be distributed on each Transfer Date in the
following priority:

                  (i)      an amount equal to the lesser of (A) the Available Investor Principal Collections for such Transfer
         Date and (B) an amount equal to the Series 2001-D Monthly Principal Payment for the related Monthly Period shall be
         paid on such Transfer Date to the Series 2001-D Certificateholders in accordance with Section 5.01;

                                                                19

                  (ii)     an amount equal to the lesser of (A) the Available Investor Principal Collections remaining after
         the application specified in subsection 4.06(b)(i) above and (B) the Class D Monthly Principal Amount shall be paid
         on such Transfer Date to the Class D Certificateholder in accordance with Section 5.01;

                  (iii)    an amount equal to the lesser of (A) the Available Investor Principal Collections remaining after
         the application specified in subsections 4.06(b)(i) and (ii) above and (B) the product of (1) a fraction, the
         numerator of which is equal to the Available Investor Principal Collections remaining after the application
         specified in subsections 4.06(b)(i) and (ii) above for such Transfer Date and the denominator of which is equal to
         the sum of the Available Investor Principal Collections available for sharing as specified in the related Series
         Supplement for each Series in Group One (including Series 2001-D) and (2) the Cumulative Series Principal Shortfall
         shall remain in the Principal Account to be treated as Shared Principal Collections and applied to Series in Group
         One other than this Series 2001-D; and

                  (iv)     an amount equal to the excess, if any, of (A) the Available Investor Principal Collections for such
         Transfer Date over (B) the applications specified in subsections 4.06(b)(i), (ii) and (iii) above shall be paid to
         the Holder of the Transferor Interest; provided, however, that the amount to be paid to the Holder of the Transferor
         Interest pursuant to this subsection 4.06(b)(iv) with respect to such Transfer Date shall be paid to the Holder of
         the Transferor Interest if, and only to the extent that, the Transferor Interest on such Date of Processing is equal
         to or greater than the Minimum Transferor Interest (after giving effect to the inclusion in the Trust of all
         Receivables created on or prior to such Transfer Date and the application of payments referred to in subsection
         4.03(b)) and otherwise shall be considered as Unallocated Principal Collections and deposited into the Principal
         Account in accordance with subsection 4.05(c).

                  (c)      During the Rapid Amortization Period, an amount equal to the Available Investor Principal
Collections deposited into the Principal Account for the related Monthly Period will be distributed on each Transfer Date in
the following priority:

                  (i)      an amount equal to the Investor Interest minus the Class D Investor Interest shall be paid on such
         Transfer Date to the Series 2001-D Certificateholders in accordance with Section 5.01;

                  (ii)     an amount equal to the excess, if any, of (A) the Available Investor Principal Collections
         remaining after the application specified in subsection 4.06(c)(i) above and (B) the Class D Investor Interest shall
         be paid on such Transfer Date to the Class D Certificateholder in accordance with Section 5.01; and

                  (iii)    an amount equal to the excess, if any, of (A) the Available Investor Principal Collections over (B)
         the applications specified in subsections 4.06(c)(i) and (ii) above shall be paid to the Holder of the Transferor
         Interest; provided, however, that the amount to be paid to the Holder of the Transferor Interest pursuant to this
         subsection 4.06(c)(iii) with respect to such Transfer Date shall be paid to the Holder of the Transferor Interest
         if, and only to the extent that, the Transferor Interest on such Date of

                                                                20

         Processing is equal to or greater than the Minimum Transferor Interest (after giving effect to the inclusion in the
         Trust of all Receivables created on or prior to such Transfer Date and the application of payments referred to in
         subsection 4.03(b)) and otherwise shall be considered as Unallocated Principal Collections and deposited into the
         Principal Account in accordance with subsection 4.05(c).

                  SECTION 4.07          Shared Principal Collections.

                  (a)      The portion of Shared Principal Collections on deposit in the Principal Account equal to the amount
of Shared Principal Collections allocable to Series 2001-D on any Transfer Date shall be applied as an Available Investor
Principal Collection pursuant to Section 4.06 and pursuant to such Section 4.06 shall be paid on such Transfer Date to the
Certificate Representative.

                  (b)      Shared Principal Collections allocable to Series 2001-D with respect to any Transfer Date shall
mean an amount equal to the Series Principal Shortfall, if any, with respect to Series 2001-D for such Transfer Date;
provided, however, that if the aggregate amount of Shared Principal Collections for all Series for such Transfer Date is less
than the Cumulative Series Principal Shortfall for such Transfer Date, then Shared Principal Collections allocable to Series
2001-D on such Transfer Date shall equal the product of (i) Shared Principal Collections for all Series for such Transfer
Date and (ii) a fraction, the numerator of which is the Series Principal Shortfall with respect to Series 2001-D for such
Transfer Date and the denominator of which is the Cumulative Series Principal Shortfall for all Series in Group One for such
Transfer Date.

                  (c)      Solely for the purpose of determining the amount of Available Investor Principal Collections to be
treated as Shared Principal Collections on any Transfer Date allocable to other Series in Group One, on each Determination
Date, the Servicer shall determine the amount of Shared Principal Collections with respect to Series 2001-D as of such
Determination Date for the following Transfer Date.

                  SECTION 4.08          Transferor's or Servicer's Failure to Make a Deposit or Payment.  If the Servicer or
the Transferor fails to make, or give instructions to make, any payment or deposit (other than as required by subsections
2.04(d) and (e) and 12.02(a) or Sections 10.02 and 12.01) required to be made or given by the Servicer or the Transferor,
respectively, at the time specified in the Agreement (including applicable grace periods), the Trustee shall make such
payment or deposit from the applicable Investor Account without instruction from the Servicer or the Transferor.  The Trustee
shall be required to make any such payment, deposit or withdrawal hereunder only to the extent that the Trustee has
sufficient information to allow it to determine the amount thereof.  The Servicer or the Transferor, as applicable, shall,
upon request of the Trustee, promptly provide the Trustee with all information necessary to allow the Trustee to make such
payment, deposit or withdrawal.  Such funds or the proceeds of such withdrawal shall be applied by the Trustee in the manner
in which such payment or deposit should have been made by the Transferor or the Servicer, as the case may be.

                  SECTION 4.09          Collections of Finance Charge Receivables Allocable to Segregated Transferor
Interest.  The Certificate Representative may from time to time notify the

                                                                21

Transferor and the Servicer of the existence of a prefunding target amount and of the amount of the Transferor Interest that
is to be the Segregated Transferor Interest in an amount equal to the prefunded amounts on deposit in the Principal Funding
Accounts (as defined in the Indenture and any supplement thereto) for any series of Notes.  Prior to the close of business on
the day any Collections are deposited in the Collection Account during the Monthly Period in which such notice was given from
and after the date of such notice, the Servicer will:

                  (a)      allocate to the Segregated Transferor Interest and deposit in the Finance Charge Account the
aggregate amount of all Collections of Finance Charge Receivables allocable to the Segregated Transferor Interest with
respect to such Monthly Period, and

                  (b)      on the following Transfer Date, (i) pay to the Series 2001-D Certificateholder an amount equal to
the lesser of (x) the aggregate amount deposited in the Finance Charge Account pursuant to clause (a) above, and (y) the
aggregate amount of all Prefunding Earnings Shortfalls (as defined in the Indenture and the related supplements thereto) for
all tranches of Notes with respect to such Monthly Period and (ii) pay to the Holder of the Transferor Interest an amount
equal to any excess; provided, however, that within two (2) Business Days of the occurrence of an Insolvency Event, the
aggregate amount deposited into the Finance Charge Account pursuant to clause (a) on or prior to the occurrence of such
Insolvency Event will, to the extent not previously paid to the Series 2001-D Certificateholder, be paid to the Series 2001-D
Certificateholder.

                  SECTION 4.10      Class D Investor Charge-Offs; Reallocated Class D Principal Collections.

                  (a)      On or before each Transfer Date, the Servicer shall calculate the Aggregate Class D Investor
Default Amount.  If on any Transfer Date the Aggregate Class D Investor Default Amount for the immediately preceding Monthly
Period exceeds the sum of the amount of Available Funds allocated and available to fund such amount pursuant to subsection
4.06(a)(ii), the Class D Investor Interest shall be reduced by the amount of such excess, but not by more than the lesser of
the Aggregate Class D Investor Default Amount and the Class D Investor Interest for such Transfer Date (a "Class D Investor
Charge-Off").  If on any Transfer Date prior to any applications pursuant to subsection 4.06(a)(ii) the Aggregate Class D
Investor Default Amount exceeds the Class D Investor Interest, the Class D Investor Interest will be reduced to zero, and the
amount by which the Aggregate Class D Investor Default Amount exceeds the Class D Investor Interest will be the "Aggregate
Investor Default Amount."  Following the reduction of the Class D Investor Interest due to Class D Investor Charge-Offs, the
Class D Investor Interest thereafter shall be reimbursed on any Transfer Date (but not by an amount in excess of the
aggregate Class D Investor Charge-Offs) by the amount of the Available Funds allocated and available for that purpose
pursuant to Section 4.06(a)(iii).

                  (b)      On or before each Transfer Date, the Servicer shall instruct the Trustee in writing (which writing
shall be substantially in the form of Exhibit B to this Supplement) to withdraw from the Principal Account and apply
Reallocated Class D Principal Collections as Available Funds.  The amount of "Reallocated Class D Principal Collections" as
of any Transfer Date shall be the excess (calculated prior to giving effect to any reallocations pursuant to Section 3.09 of
the BAseries Indenture Supplement), if any, of the sum of the deposits, applications and

                                                                22

payments to be made on such Transfer Date pursuant to Sections 3.01(a) and (b) of the BAseries Indenture Supplement over
BAseries Available Funds (as such term is defined in the BAseries Indenture Supplement) for such Transfer Date (such excess,
the "BAseries Available Funds Shortfall").  The Class D Investor Interest shall be reduced by the amount of any such
Reallocated Class D Principal Collections, and thereafter shall be reimbursed on any Transfer Date (but not by an amount in
excess of the Reallocated Class D Principal Collections) by the amount of the Available Funds allocated and available for that
purpose pursuant to Section 4.06(a)(iii).  To the extent that the BAseries Available Funds Shortfall exceeds the Class D
Investor Interest on any Transfer Date (determined after giving effect to any Class D Investor Charge-Offs on such Transfer
Date), the Class D Investor Interest shall be reduced to zero, and the excess of the BAseries Available Funds Shortfall over
the amount of any Reallocated Class D Principal Collections applied on such Transfer Date shall be reimbursed to the extent
amounts are available therefor pursuant to Section 3.09 of the BAseries Indenture Supplement.

                  SECTION 6.          Article V of the Agreement.  Article V of the Agreement shall read in its entirety as
follows and shall be applicable only to the Series 2001-D Certificateholders and the Class D Certificateholder:

                                                           ARTICLE V
                                             DISTRIBUTIONS AND REPORTS TO INVESTOR
                                                      CERTIFICATEHOLDERS

                  SECTION 5.01.       Distributions.  On each Transfer Date, the Trustee shall distribute (in accordance with
the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection
3.04(b)) to the Certificate Representative and the Class D Certificateholder the aggregate amount payable to the Series 2001-D
Certificateholders and the Class D Certificateholder pursuant to Section 4.06 to the account of the Certificate Representative
or Class D Certificateholder, as specified in writing by the Certificate Representative or the Class D Certificateholder,
respectively, in immediately available funds.

                  SECTION 5.02.       Monthly Series Certificateholders' Statement.  On or before each Transfer Date, the
Trustee shall forward to the Certificate Representative, the Class D Certificateholder and each Rating Agency a statement
substantially in the form of Exhibit C to this Series Supplement prepared by the Servicer, delivered to the Trustee and the
Transferor and setting forth, among other things, the following information:

                  (i)      the amount of the current distribution;

                  (ii)     the amount of the current distribution which constitute Available Funds and Available Investor
         Principal Collections;

                  (iii)    the amount of Collections of Principal Receivables processed during the related Monthly Period and
         allocated to the Series 2001-D Certificateholders and the Class D Certificateholder;

                  (iv)     the amount of Collections of Finance Charge Receivables processed during the related Monthly Period
         and allocated to the Series 2001-D Certificateholders

                                                                23

         and the Class D Certificateholder;

                  (v)      the aggregate amount of Principal Receivables, the Investor Interest, the Class D Investor
         Interest, the Floating Allocation Investor Interest, the Principal Allocation Investor Interest, the Floating
         Investor Percentage and the Principal Investor Percentage with respect to the Principal Receivables in the Trust as
         of the end of the day on the Record Date;

                  (vi)     the aggregate outstanding balance of Accounts which were 30 to 59, 60 to 89, 90 to 119, 120 to 149
         and 150 or more days delinquent as of the end of the day on the Record Date;

                  (vii)    the Aggregate Investor Default Amount and the Aggregate Class D Investor Default Amount for the
         related Monthly Period;

                  (viii)   the amount of the Investor Servicing Fee, the Net Servicing Fee and the Servicer Interchange for
         the related Monthly Period; and

                  (ix)     such other items as are set forth in Exhibit C to this Series Supplement.

                  SECTION 7.          Series 2001-D Pay Out Events.  If any one of the following events shall occur with
respect to Series 2001-D:

                  (a)      failure on the part of the Transferor (i) to make any payment or deposit required by the terms of
the Agreement or this Series Supplement, on or before the date occurring five days after the date such payment or deposit is
required to be made herein or (ii) duly to observe or perform in any material respect any covenants or agreements of the
Transferor set forth in the Agreement or this Series Supplement, which failure has a material adverse effect on the Series
2001-D Certificateholders (which determination shall be made without reference to whether any funds are available under the
Class D Certificate) and which continues unremedied for a period of 60 days after the date on which written notice of such
failure, requiring the same to be remedied, shall have been given to the Transferor by the Trustee, or to the Transferor and
the Trustee by the Holders of the Series 2001-D Certificate evidencing Undivided Interests aggregating not less than 50% of
the Investor Interest of this Series 2001-D, and continues to affect materially and adversely the interests of the Series
2001-D Certificateholders (which determination shall be made without reference to whether any funds are available under the
Class D Certificate) for such period;

                  (b)      any representation or warranty made by the Transferor in the Agreement or this Series Supplement,
or any information contained in a computer file or microfiche list required to be delivered by the Transferor pursuant to
Section 2.01 or 2.06 of the Agreement, (i) shall prove to have been incorrect in any material respect when made or when
delivered, which continues to be incorrect in any material respect for a period of 60 days after the date on which written
notice of such failure, requiring the same to be remedied, shall have been given to the Transferor by the Trustee, or to the
Transferor and the Trustee by the Holders of the Series 2001-D Certificate evidencing Undivided Interests aggregating not
less than 50% of the Investor Interest of this Series 2001-D, and (ii) as a result of which the interests of the Series
2001-D Certificateholders (which determination shall be made without reference to whether any funds

                                                                24

are available under the Class D Certificate) are materially and adversely affected and continue to be materially and adversely
affected for such period; provided, however, that a Series 2001-D Pay Out Event pursuant to this subsection 7(b) hereof shall
not be deemed to have occurred hereunder if the Transferor has accepted reassignment of the related Receivable, or all of such
Receivables, if applicable, during such period in accordance with the provisions of the Agreement;

                  (c)      the Transferor shall fail to convey Receivables arising under Additional Accounts, or
Participations, to the Trust, as required by subsection 2.06(a) of the Agreement; or

                  (d)      any Servicer Default shall occur which would have a material adverse effect on the Series 2001-D
Certificateholders;

then, in the case of any event described in subsection 7(a), (b) or (d) hereof, after the applicable grace period set forth
in such subparagraphs, if any, either the Trustee or Holders of the Series 2001-D Certificate evidencing Undivided Interests
aggregating not less than 50% of the Investor Interest of this Series 2001-D by notice then given in writing to the
Transferor and the Servicer (and to the Trustee if given by the Series 2001-D Certificateholders) may declare that a pay out
event (a "Series 2001-D Pay Out Event") has occurred as of the date of such notice, and in the case of any event described in
subsection 7(c) hereof, a Series 2001-D Pay Out Event shall occur without any notice or other action on the part of the
Trustee or the Series 2001-D Certificateholders immediately upon the occurrence of such event.

                  SECTION 8.          Sale of Investor Interest Pursuant to Subsection 2.04(e) or 10.02(a) of the Agreement.

         (a)      (i)      Notwithstanding anything to the contrary in this Series Supplement or the Agreement, the
         reassignment deposit amount with respect to Series 2001-D in connection with a reassignment of Principal Receivables
         pursuant to subsection 2.04(e) of the Agreement shall be equal to the Reassignment Amount for the first Transfer
         Date following the Monthly Period in which such reassignment obligation arises under the Agreement.

                  (ii)     Notwithstanding anything to the contrary in this Series Supplement or the Agreement, the minimum
         bid in connection with a sale of Receivables pursuant to subsection 10.02(a) of the Agreement shall be equal to the
         Reassignment Amount for the first Transfer Date following the Monthly Period in which such sale of receivables
         obligation arises under the Agreement.

         (b)      With respect to the proceeds from any reassignment of Principal Receivables available for distribution to
the Series 2001-D Certificateholders and the Class D Certificateholder as described in this Section 8 or any Termination
Proceeds from the sale of Receivables (or interests therein) allocable to the Investor Interest deposited into the Collection
Account pursuant to subsection 12.01(b) of the Agreement, the Trustee shall, not later than 12:00 noon, New York City time,
on the following Transfer Date, make deposits or distributions of such amounts and pay such amounts to the Series 2001-D
Certificateholders and the Class D Certificateholder.

                                                                25

         (c)      Notwithstanding anything to the contrary in this Series Supplement or the Agreement, the entire amount
payable to the Series 2001-D Certificateholders and the Class D Certificateholder pursuant to subsection 10.02(a) of the
Agreement and all amounts available for distribution to the Series 2001-D Certificateholders and the Class D
Certificateholder shall be distributed in full to the Series 2001-D Certificateholders and the Class D Certificateholder on
such date and shall be deemed to be a final distribution pursuant to Section 12.01 of the Agreement.

                  SECTION 9.          Distribution of Proceeds of Sale, Disposition or Liquidation of the Receivables Pursuant
to Section 9.02 of the Agreement.

                  (a)      Not later than 12:00 noon, New York City time, on the Transfer Date following the date on which
Insolvency Proceeds are deposited into the Collection Account pursuant to subsection 9.02(b) of the Agreement, the Trustee
shall (after giving effect to any deposits and distributions otherwise to be made on such Transfer Date) deduct from the
Collection Account an amount equal to the sum of the Outstanding principal amount of all Notes, and the Class D Investor Interest
on such Transfer Date from the portion of the Insolvency Proceeds allocated to Collections of Principal Receivables and pay such
amount to the Series 2001-D Certificateholders and the Class D Certificateholder; provided, however, that the amount of such
payment shall not exceed the product of (x) the portion of the Insolvency Proceeds allocated to Collections of Principal
Receivables and (y) the Principal Investor Percentage with respect to the related Monthly Period.

                  (b)      Not later than 12:00 noon, New York City time, on the Transfer Date following the date on which
Insolvency Proceeds are deposited into the Collection Account pursuant to subsection 9.02(b) of the Agreement, the Trustee
shall (in the following priority and, in each case, after giving effect to any deposits and distributions otherwise to be
made on such Transfer Date) deduct from the Collection Account an amount equal to the accrued, past due and additional
interest on all Notes on such Transfer Date from the portion of the Insolvency Proceeds allocated to Collections of Finance
Charge Receivables and pay such amount to the Series 2001-D Certificateholders; provided, however, that the amount of such
payment shall not exceed the product of (x) the portion of the Insolvency Proceeds allocated to Collections of Finance Charge
Receivables and (y) the Floating Investor Percentage with respect to such Monthly Period.

                  (c)      Notwithstanding anything to the contrary in this Series Supplement or the Agreement, the entire
amount payable to the Series 2001-D Certificateholders and the Class D Certificateholder pursuant to this Section, and all
amounts on deposit in the Collection Account for distribution to the Series 2001-D Certificateholders and the Class D
Certificateholder shall be distributed in full to the Series 2001-D Certificateholders and the Class D Certificateholder on
the Transfer Date on which funds are deposited pursuant to this Section (or, if not so deposited on a Transfer Date, on the
immediately following Transfer Date) and shall be deemed to be a final distribution pursuant to Section 12.01 of the
Agreement.

                  (d)      Notwithstanding any provision of the Agreement or this Series Supplement, for purposes of
subsection 9.02(a) of the Agreement, the Holders of the Series

                                                                26

2001-D Certificates and the Class D Certificateholder shall be deemed to have irrevocably disapproved a liquidation of the
Receivables following an Insolvency Event with respect to the Transferor.

                  SECTION 10.         Sale of Receivables.  Upon notice to the Trustee, the Transferor, the Class D
Certificateholder and the Servicer by the Certificate Representative pursuant to the Indenture with respect to any tranche of
accelerated Notes or any tranche of Notes which has reached its Legal Maturity Date, the Trustee will cause the Trust to sell
to a Permitted Assignee Principal Receivables and the related Finance Charge Receivables (or interests therein) in an amount
specified by the Certificate Representative which shall be a portion of the Investor Interest of Series 2001-D equal to the
Nominal Liquidation Amount of the affected tranche of Notes, calculated as of the end of the prior Monthly Period (after
giving effect to deposits and distributions otherwise to be made with respect to such Monthly Period).  The proceeds from
such sale shall be immediately paid to the Certificate Representative.

                  SECTION 11.         Series 2001-D Termination.  The right of the Series 2001-D Certificateholders and the
Class D Certificateholder to receive payments from the Trust will terminate on the first Business Day following the earlier
to occur of (i) the date designated by the Transferor following the last occurring Legal Maturity Date of any tranche of
Notes, and (ii) the Trust Termination Date.

                  SECTION 12.         Counterparts.  This Series Supplement may be executed in any number of counterparts,
each of which so executed shall be deemed to be an original, but all of such counterparts shall together constitute but one
and the same instrument.

                  SECTION 13.         Governing Law; Submission to Jurisdiction; Agent for Service of Process.  This Series
Supplement 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 Series Supplement 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 Series
Supplement involves at least $100,000.00, and (b) that this Series Supplement has been entered into by the parties hereto in
express reliance upon 6 DEL. C. § 2708.  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 14.         Additional Notices.  For so long as the Series 2001-D Certificate shall be outstanding,
the Transferor agrees to provide Fitch with the notice provided to each Rating Agency in subsection 2.06(c)(i) of the
Agreement and agrees to provide to Fitch and

                                                                27

Standard and Poor's the Opinion of Counsel provided to Moody's pursuant to subsection 2.06(c)(vi) of the Agreement, in each
case in the times and the manner provided for in such subsections.

                  SECTION 15.         Additional Representations and Warranties of the Servicer.  The Servicer, hereby makes
as of the Closing Date and as of the Amendment Closing Date, and any Successor Servicer by its appointment under the
Agreement shall make the following representations and warranties:

                  (a)      All Consents.  All authorizations, consents, orders or approvals of or registrations or
declarations with any Governmental Authority required to be obtained, effected or given by the Servicer in connection with
the execution and delivery of this Series Supplement by the Servicer and the performance of the transactions contemplated by
this Series Supplement by the Servicer, have been duly obtained, effected or given and are in full force and effect.

                  (b)      Rescission or Cancellation.  The Servicer shall not cause or authorize any rescission or
cancellation of any Receivable except as ordered by a court of competent jurisdiction or other Governmental Authority or in
accordance with the normal operating procedures of the Servicer.

                  (c)      Receivables Not To Be Evidenced by Promissory Notes.  Except in connection with its enforcement or
collection of an Account, the Servicer will take no action to cause any Receivable to be evidenced by an instrument or
chattel paper (as defined in the Delaware UCC).

                  SECTION 16.         No Petition.  To the fullest extent permitted by applicable law, the Transferor, the
Servicer and the Trustee, by entering into this Series Supplement, and each Series 2001-D Certificateholder and the Class D
Certificateholder, by accepting the Series 2001-D Certificate and the Class D Certificate, respectively, or any portion
thereof, hereby covenant and agree that they will not at any time institute against the Trust, or join in any institution
against the Trust of, any bankruptcy proceedings under any United States Federal or state bankruptcy or similar law in
connection with any obligations relating to the Series 2001-D Certificateholders, the Class D Certificateholder, the
Agreement or this Series Supplement.

                  To the fullest extent permitted by applicable law, the Servicer and the Trustee, by entering into this
Series Supplement, and each Series 2001-D Certificateholder and the Class D Certificateholder, by accepting the Series 2001-D
Certificate and the Class D Certificate, respectively, or any portion thereof, hereby covenant and agree that they will not at
any time institute against the Transferor, or join in any institution against the Transferor of, any bankruptcy proceedings under
any United States Federal or state bankruptcy or similar law.

                  SECTION 17.         Certain Tax Related Amendments.  In addition to being subject to amendment pursuant to
any other provisions relating to amendments in either the Agreement or this Series Supplement, this Series Supplement may be
amended by the Transferor without the consent of the Servicer, Trustee, any Series 2001-D Certificateholder or the Class D
Certificateholder if the Transferor provides the Trustee with (i) an Opinion of Counsel to the effect that such amendment or
modification would reduce the risk the Trust would be treated as

                                                                28

taxable as a publicly traded partnership pursuant to Code section 7704 and (ii) a certificate that such amendment or
modification would not materially and adversely affect any Series 2001-D Certificateholder; provided, that no such amendment
shall be deemed effective without the Trustee's consent, if the Trustee's rights, duties and obligations hereunder are thereby
modified. Promptly after the effectiveness of any amendment pursuant to this Section 17, the Transferor shall deliver a copy
of such amendment to each of the Servicer, the Trustee and each Rating Agency.

                  SECTION 18.         Treatment of Noteholders.  Subject to subsection 9(d), for purposes of any provision of
the Agreement or this Series Supplement requiring or permitting actions with the consent of, or at the direction of, Series
2001-D Certificateholders holding a specified percentage of the aggregate unpaid principal amount of 2001-D Certificates (a)
each Noteholder will be deemed to be a Series 2001-D Certificateholder; (b) each Noteholder will be deemed to be the Holder
of an aggregate unpaid principal amount of the Series 2001-D Certificate equal to the Adjusted Outstanding Dollar Principal
Amount of such Noteholder's Notes; (c) each series of Notes under the Indenture will be deemed to be a separate Series of
Investor Certificates and the Holder of a Note of such series will be deemed to be the Holder of an aggregate unpaid
principal amount of such Series of Investor Certificates equal to the Adjusted Outstanding Dollar Principal Amount of such
Noteholder's Notes of such series; (d) each tranche of Notes under the Indenture will be deemed to be a separate Class of
Investor Certificates and the Holder of a Note of such tranche will be deemed to be the Holder of an aggregate unpaid
principal amount of such Class of Investor Certificates equal to the Adjusted Outstanding Dollar Principal Amount of such
Noteholder's Notes of such tranche and (e) any Notes owned by the BA Credit Card Trust, the Transferor, the Servicer, any
other holder of the Transferor Interest or any Affiliate thereof will be deemed not to be outstanding, except that, in
determining whether the Trustee shall be protected in relying upon any such consent or direction, only Notes which the
Trustee knows to be so owned shall be so disregarded.  Notes so owned which have been pledged in good faith shall not be
disregarded and may be regarded as outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee's
right so to act with respect to such Notes and that the pledgee is not the Transferor, the Servicer, any other holder of the
Transferor Interest or any Affiliate thereof.

                  SECTION 19.         Transfer of the Series 2001-D Certificate or the Class D Certificate.

                  (a)      After the Closing Date, the Series 2001-D Certificate may not be sold, participated, transferred,
assigned, exchanged or otherwise pledged or conveyed in whole or in part except upon the prior delivery to the Master Trust
Trustee and the Owner Trustee of a Master Trust Tax Opinion and an Issuer Tax Opinion (as defined in the Indenture),
respectively, with respect thereto.

                  (b)      After the Amendment Closing Date, the Class D Certificate may not be sold, participated,
transferred, assigned, exchanged or otherwise pledged or conveyed in whole or in part.

                                                                29

                  SECTION 20.         Amendment to the Agreement.

                  (a)      On the first date on which there are no longer any Investor Certificates of any Series issued on or
prior to April 25, 2001 which are outstanding, Section 9.02 of the Agreement is hereby amended by deleting such section in
its entirety and inserting in its place the following:

           Section 9.02.  Additional Rights Upon the Occurrence of Certain Events.  If an Insolvency Event with respect
     to the Transferor pursuant to subsection 9.01(c) occurs, the Transferor shall on the day of such Insolvency Event
     immediately cease to transfer Principal Receivables to the Trustee and shall promptly give notice to the Trustee and the
     Servicer of such Insolvency Event.  Notwithstanding any cessation of the transfer to the Trustee of additional Principal
     Receivables, Finance Charge Receivables, whenever created, accrued in respect of Principal Receivables which have been
     transferred to the Trustee shall continue to be a part of the Trust, and Collections with respect thereto shall continue
     to be allocated and paid in accordance with Article IV.

                  (b)      The Transferor hereby represents and warrants to the Trustee and the Servicer as of the date of
this Series Supplement that, on or before the date of this Series Supplement, the conditions set forth in subsection 13.01(a)
of the Agreement have been satisfied with respect to the amendment set forth in subsection 20(a).

                  SECTION 21.         Annual Servicer's Certificate for Series 2001-D.  For purposes of the Officer's
Certificate prepared and delivered by the Servicer in accordance with Section 3.05 of the Agreement, with regard to Series
2001-D such Officer's Certificate shall include a review of the Servicer's activities and obligations under the Agreement,
this Series Supplement and the Indenture.

                  SECTION 22.         Annual Independent Accountants' Servicing Report.

                            (a)     With regard to any tranche of Notes or any additional Notes the offer and sale of which
          (i) commences on or before December 31, 2005 or (ii) is not registered with the Commission under the Securities
          Act, on or before the 90th day following the end of each fiscal year of the Trust and BA Credit Card Trust (or, if
          such 90th day is not a Business Day, the next succeeding Business Day), the Servicer, on behalf of the Trust, shall
          cause a firm of nationally recognized independent certified public accountants (who may also render other services
          to the Servicer or the Transferor) to furnish reports prepared in accordance with Sections 3.06(a) and (b) of the
          Agreement.  A copy of such reports may be obtained by any Series 2001-D Certificateholder by a request in writing
          to the Trustee addressed to the Corporate Trust Office.

                            (b)     Notwithstanding any provision of Section 3.06 of the Agreement or subsection 22(a) to the
          contrary, with regard to any tranche of Notes or any additional Notes the offer and sale of which (i) commences
          after December 31, 2005 and (ii) is registered with the Commission under the Securities Act, on or before the 90th
          day following the end of each fiscal year of the Trust and BA Credit Card Trust (or, if such

                                                                30

          90th day is not a Business Day, the next succeeding Business Day), commencing with the fiscal year ending June 30,
          2006, the Servicer shall cause a firm of nationally recognized independent public accountants (who may also render
          other services to the Servicer or the Transferor) to furnish, as provided in Section 13.05, to the Trustee, the
          Transferor and the Rating Agency each attestation report on assessments of compliance with the Servicing Criteria
          with respect to the Servicer or any affiliate thereof during the immediately preceding fiscal year delivered by
          such accountants pursuant to Rule 13(a)-18 or Rule 15(d)-18 of the Exchange Act and Item 1122 of Regulation AB.

                           A copy of such report (or reports, as applicable) may be obtained by any Series 2001-D
         Certificateholder by a request in writing to the Trustee addressed to the Corporate Trust Office.

                  SECTION 23.         Compliance with Regulation AB.

                           (a)      Intent of the Parties; Reasonableness.  The Transferor, the Trustee and the Servicer
         acknowledge and agree that the purpose of this Section 23 is to facilitate compliance by the Transferor with the
         provisions of Regulation AB and related rules and regulations of the Securities and Exchange Commission (the
         "Commission").  The Transferor 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 the Transferor's compliance with the
         Securities Act, the 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 Trustee agrees to
         cooperate in good faith with any reasonable request by the Transferor for information regarding the Trustee which is
         required in order to enable the Transferor to comply with the provisions of Items 1109(a), 1109(b), 1117, 1118, 1119
         and 1122 of Regulation AB as it relates to the Trustee or to the Trustee's obligations under the Agreement or this
         Series Supplement.  The Servicer shall cooperate fully with the Transferor to deliver to the Transferor (including
         any of its assignees or designees), any and all statements, reports, certifications, records and any other
         information necessary in the good faith determination of the Transferor to permit the Transferor to comply with the
         provisions of Regulation AB, together with such disclosures relating to the Servicer and the Accounts, or the
         servicing of the Receivables, reasonably believed by the Transferor to be necessary in order to effect such
         compliance.

                           (b)      Additional Representations and Warranties of the Trustee.  The Trustee shall be deemed to
         represent to the Transferor, as of the date on which information is provided to the Transferor under Section 23(c)
         that, except as disclosed in writing to the Transferor prior to such date: (i) neither the execution or the delivery
         by the Trustee of the Agreement or this Series Supplement, the performance by the Trustee of its obligations under
         this Agreement or this Series Supplement nor the consummation of any of the transactions by the 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 Trustee is a party or by which it is bound,
         which violation would have a material adverse effect on the Trustee's ability to perform its obligations under the
         Agreement or this Series Supplement, or of

                                                                31

         any judgment or order applicable to the Trustee; and (ii) there are no proceedings pending or threatened against the
         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
         Trustee to enter into the Agreement or this Series Supplement or to perform its obligations under the Agreement or
         this Series Supplement.

                           (c)      Information to Be Provided by the Trustee.  The Trustee shall (i) on or before the final
         Business Day of each month, provide to the Transferor, in writing, such information regarding the Trustee as is
         requested for the purpose of compliance with Item 1117 of Regulation AB, and (ii) as promptly as practicable
         following notice to or discovery by the Trustee of any changes to such information, provide to the Transferor, in
         writing, such updated information.

                           The Trustee shall (i) on or before the final Business Day of each January, April, July and October,
         provide to the Transferor such information regarding the Trustee as is requested for the purpose of compliance with
         Items 1109(a), 1109(b), 1118 and 1119 of Regulation AB, and (ii) as promptly as practicable following notice to or
         discovery by the Trustee of any changes to such information, provide to the Transferor, in writing, such updated
         information.  Such information shall include, at a minimum:

                                    (A)     the Trustee's name and form of organization;

                                    (B)      a description of the extent to which the Trustee has had prior experience
         serving as a trustee for asset-backed securities transactions involving credit card receivables;

                                    (C)     a description of any affiliation or relationship between the Trustee and any of
         the following parties to a Securitization Transaction, as such parties are identified to the Trustee by the
         Transferor in writing in advance of such Securitization Transaction:

                           (1)      the sponsor;
                           (2)      any depositor;
                           (3)      the issuing entity;
                           (4)      any servicer;
                           (5)      any trustee;
                           (6)      any originator;
                           (7)      any significant obligor;
                           (8)      any enhancement or support provider; and
                           (9)      any other material transaction party.

                                    (D)     In connection with the above-listed parties, a description of whether there is,
         and if so the general character of, any business relationship, agreement, arrangement, transaction or understanding
         that is entered into outside the ordinary course of business or is on terms other than would be obtained in an arm's
         length transaction with an unrelated third party, apart from the asset-backed securities transaction, that

                                                                32

         currently exists or that existed during the past two years and that is material to an investor's understanding of
         the asset-backed securities.

                           (d)      Report on Assessment of Compliance and Attestation.  On or before the 60th day following
         the end of each fiscal year of the Trust and BA Credit Card Trust, commencing in 2006, the Trustee shall:

                                    (i)     deliver to the Transferor and the Servicer a report regarding the Trustee's
                  assessment of compliance with the Servicing Criteria during the immediately preceding fiscal year, as
                  required under Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB.  Such report
                  shall be addressed to the Transferor and the Servicer and signed by an authorized officer of the Trustee,
                  and shall address each of the Servicing Criteria specified in Exhibit E hereto or such criteria as mutually
                  agreed upon by the Transferor and the Trustee;

                                    (ii)    deliver to the Transferor and the Servicer a report of a registered public
                  accounting firm reasonably acceptable to the Transferor that attests to, and reports on, the assessment of
                  compliance made by the 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
                  Exchange Act; and

                                    (iii)   deliver to the Transferor, the Servicer and any other Person that will be
                  responsible for signing the certification (a "Sarbanes Certification") required by Rules 13a-14(d) and
                  15d-14(d) under the Exchange Act (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002) on behalf of
                  the Trust, BA Credit Card Trust or the Transferor with respect to a Securitization Transaction a
                  certification, signed by any Vice President or more senior officer of the Trustee, substantially in the
                  form attached hereto as Exhibit D or such form as mutually agreed upon by the Transferor and the Trustee.

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

                  (e)      Additional Representations and Warranties of the Servicer.  The Servicer shall be deemed to
represent to the Transferor, as of the date on which information is provided to the Transferor under subsection 23(f) that,
except as disclosed in writing to the Transferor prior to such date to the best of its knowledge:  (i) the Servicer is not
aware and has not received notice that any default, early amortization or other performance triggering event has occurred as
to any other securitization due to any act or failure to act of the Servicer; (ii) the Servicer has not been terminated as
servicer in a securitization involving credit card receivables, either due to a servicing default or to application of a
servicing performance test or trigger; (iii) no material noncompliance with the applicable servicing criteria with respect to
other securitizations of credit card receivables involving the Servicer as servicer has been disclosed or reported by the
Servicer; (iv) no material changes to the Servicer's policies or procedures with respect to the

                                                                33

servicing function it will perform under the Agreement and this Series Supplement have occurred during the three-year period
immediately preceding the related Securitization Transaction; (v) there are no aspects of the Servicer's financial condition
that could have a material adverse effect on the performance by the Servicer of its servicing obligations under the Agreement
or this Series Supplement; and (vi) there are no material legal or governmental proceedings pending (or known to be
contemplated) against the Servicer, any Subservicer or any unaffiliated third-party originator of Receivables.

                  (f)      Information to Be Provided by the Servicer.  In connection with any Securitization Transaction, the
Servicer shall (i) within five (5) Business Days following request by the Transferor, provide to the Transferor, in writing,
the information specified in this subsection, and (ii) as promptly as practicable following notice to or discovery by the
Servicer of any changes to such information, provide to the Transferor, in writing, such updated information.

                           (i)      If so requested by the Transferor, the Servicer shall provide to the Transferor such
         information regarding the Servicer and each Subservicer (each of the Servicer and each Subservicer, for purposes of
         this paragraph, a "Servicing Party"), as is requested for the purpose of compliance with Item 1108 of Regulation
         AB.  Such information shall include, at a minimum:

                                    (A)     the Servicing Party's name and form of organization;

                                    (B)     a description of how long the Servicing Party has been servicing credit card
                  receivables; a general discussion of the Servicing Party's experience in servicing assets of any type as
                  well as a more detailed discussion of the Servicing Party's experience in, and procedures for, the
                  servicing function it will perform under the Agreement and this Series Supplement; information regarding
                  the size, composition and growth of the Servicing Party's portfolio of credit card accounts of a type
                  similar to the Accounts and information on factors related to the Servicing Party that may be material, in
                  the good faith judgment of the Transferor, to any analysis of the servicing of the Receivables or the
                  related asset-backed securities, as applicable, including, without limitation:

                                            (1)      whether any prior securitizations of credit card receivables involving
                           the Servicing Party defaulted or experienced an early amortization or other performance triggering
                           event because of servicing during the three-year period immediately preceding the related
                           Securitization Transaction;
                                            (2)      the extent of outsourcing the Servicing Party utilizes;
                                            (3)      whether there has been previous disclosure of material noncompliance
                           with the applicable servicing criteria with respect to other securitizations of credit card
                           receivables involving the Servicing Party as a servicer during the three-year period immediately
                           preceding the related Securitization Transaction;

                                                                34

                                            (4)      whether the Servicing Party has been terminated as servicer in a
                           securitization of credit card receivables, either due to a servicing default or to application of a
                           servicing performance test or trigger; and
                                            (5)      such other information as the Transferor may reasonably request for the
                           purpose of compliance with Item 1108(b)(2) of Regulation AB;

                                    (C)     a description of any material changes during the three-year period immediately
                  preceding the related Securitization Transaction to the Servicing Party's policies or procedures with
                  respect to the servicing function it will perform under the Agreement and this Series Supplement;

                                    (D)     information regarding the Servicing Party's financial condition, to the extent
                  that there is a material risk that an adverse financial event or circumstance involving the Servicing Party
                  could have a material adverse effect on the performance by the Servicing Party of its servicing obligations
                  under the Agreement or this Series Supplement;

                                    (E)     a description of the Servicing Party's processes and procedures designed to
                  address any special or unique factors involved in servicing;

                                    (F)     a description of the Servicing Party's processes for handling delinquencies,
                  losses, bankruptcies and recoveries, such as sale of defaulted receivables; and

                                    (G)     information as to how the Servicing Party defines or determines delinquencies and
                  charge-offs, including the effect of any grace period, re-aging, restructuring, partial payments considered
                  current or other practices with respect to delinquency and loss experience.

                           (ii)     As a condition to the succession to the Servicer or any Subservicer as servicer or
         subservicer under the Agreement or this Series Supplement by any Person (A) into which the Servicer or such
         Subservicer may be merged or consolidated, or (B) which may be appointed as a successor to the Servicer or such
         Subservicer, the Servicer shall provide to the Transferor at least fifteen (15) calendar days prior to the effective
         date of such succession or appointment, (x) written notice to the Transferor of such succession or appointment and
         (y) in writing and in form and substance reasonably satisfactory to the Transferor, all information reasonably
         requested by the Transferor in order to comply with its reporting obligation under Item 6.02 of Form 8-K with
         respect to any Series or Class, or any Notes issued by BA Credit Card Trust.

                           (iii)    In addition to such information as the Servicer is obligated to provide pursuant to other
         provisions of the Agreement and this Series Supplement, if so requested by the Transferor, the Servicer shall
         provide to the Transferor such information

                                                                35

         regarding the performance or servicing of the Receivables as is reasonably required to facilitate preparation of
         distribution reports in accordance with Item 1121 of Regulation AB.  Such information shall be provided concurrently
         with the distribution reports otherwise required to be delivered monthly by the Servicer under the Agreement and
         this Series Supplement, commencing with the first such report due not less than ten (10) Business Days following
         such request.

                  (g)      Report on Assessment of Compliance and Attestation.  On or before the 60th day following the end of
each fiscal year of the Trust and BA Credit Card Trust, commencing in 2006, the Servicer shall:

                           (i)      deliver to the Transferor a report regarding the Servicer'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 Exchange Act and Item 1122 of Regulation AB.  Such report shall be addressed to the Transferor and signed by an
         authorized officer of the Servicer, and shall address each of the Servicing Criteria specified in Exhibit E or such
         criteria as mutually agreed upon by the Transferor and the Servicer;

                           (ii)     deliver to the Transferor a report of a registered public accounting firm reasonably
         acceptable to the Transferor that attests to, and reports on, the assessment of compliance made by the Servicer 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 Exchange Act;

                           (iii)    cause each Servicing Participant to deliver to the Transferor an assessment of compliance
         and accountants' attestation as and when provided in paragraphs (i) and (ii) of this subsection; and

                           (iv)     deliver to the Transferor and any other Person that will be responsible for signing the
         Sarbanes Certification on behalf of the Trust, BA Credit Card Trust or the Transferor with respect to a
         Securitization Transaction a certification in the form attached hereto as Exhibit D.

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

                  Each assessment of compliance provided by a Subservicer pursuant to subsection 23(f)(i) shall address each
of the Servicing Criteria specified on a certification substantially in the form of Exhibit E hereto delivered to the
Transferor upon reasonable request of the Transferor after the execution of the Agreement or, in the case of a Subservicer
subsequently appointed as such, on or prior to the date of such appointment.  An assessment of compliance provided by a
Servicing Participant (other than the Servicer or any Subservicer) pursuant to subsection 23(f)(iii) need not address any
elements of the Servicing Criteria other than those specified by the Servicer pursuant to subsection 23(g).

                                                                36

                  (h)      Use of Subservicers and Servicing Participants.

                           (i)      The Servicer shall use its best efforts to hire or otherwise utilize only the services of
         Subservicers that agree to comply with the provisions of this subsection 23(g)(i).  The Servicer shall use its best
         efforts to hire or otherwise utilize only the services of Servicing Participants, and shall use its best efforts to
         ensure that Subservicers hire or otherwise utilize only the services of Servicing Participants, to fulfill any of
         the obligations of the Servicer as servicer under the Agreement or this Series Supplement, if those Servicing
         Participants agree to comply with the provisions of subsection 23(g)(ii).

                           (ii)     It shall not be necessary for the Servicer to seek the consent of the Transferor to the
         utilization of any Subservicer.  The Servicer shall use its best efforts to cause any Subservicer used by the
         Servicer (or by any Subservicer) for the benefit of the Transferor to comply with the provisions of this subsection
         23(g) and with Section 3.05 of the Agreement and subsections 23(e) and (f) to the same extent as if such Subservicer
         were the Servicer.  The Servicer shall be responsible for obtaining from each Subservicer and delivering to the
         Transferor any servicer compliance statement required to be delivered by such Subservicer under Section 3.05 of the
         Agreement, any assessment of compliance and attestation required to be delivered by such Subservicer under
         subsection 23(f) and any certification required to be delivered to the Person that will be responsible for signing
         the Sarbanes Certification under subsection 23(f) as and when required to be delivered.

                                                                37

                  IN WITNESS WHEREOF, the Transferor, the Servicer and the Trustee have caused this Third Amended and
Restated Series 2001-D Supplement to be duly executed by their respective officers as of the day and year first above written.

                                                     FIA CARD SERVICES,
                                                     NATIONAL ASSOCIATION,
                                                     as Servicer

                                                     By:/s/ Keith W. Landis               
                                                          Name:  Keith W. Landis
                                                          Title:   Vice President

                                                     BA CREDIT CARD FUNDING, LLC,
                                                     as Transferor

                                                     By:/s/ Keith W. Landis               
                                                          Name:  Keith W. Landis
                                                          Title:   Vice President

                                                     THE BANK OF NEW YORK MELLON,
                                                     as Trustee

                                                     By:/s/ Catherine Cerilles               
                                                          Name:  Catherine Cerilles
                                                          Title:   Vice President

                           [Signature Page to Third Amended and Restated Series 2001-D Supplement]

                                                                                                                      EXHIBIT A

                                                      FORM OF CERTIFICATE

                  THE HOLDER HEREOF, BY PURCHASING THIS SERIES 2001-D CERTIFICATE, AGREES THAT IT IS ACQUIRING THIS SERIES
         2001-D CERTIFICATE FOR ITS OWN ACCOUNT (AND NOT FOR THE ACCOUNT OF OTHERS) AND NOT WITH A VIEW TO, OR FOR SALE IN
         CONNECTION WITH, THE PUBLIC DISTRIBUTION HEREOF AND THAT NEITHER THIS SERIES 2001-D CERTIFICATE NOR ANY INTEREST
         HEREIN MAY BE OFFERED, SOLD, PLEDGED, OR OTHERWISE TRANSFERRED, EXCEPT IN COMPLIANCE WITH THE REGISTRATION
         PROVISIONS OF THE SECURITIES ACT OF 1933, AS AMENDED AND ANY APPLICABLE PROVISIONS OF ANY STATE SECURITIES LAWS OR
         PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH PROVISIONS.  THE TRANSFER OF THIS SERIES 2001-D CERTIFICATE IS SUBJECT
         TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

                  TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NEITHER THIS SERIES 2001-D CERTIFICATE NOR ANY INTEREST
         HEREIN MAY BE TRANSFERRED, ASSIGNED, EXCHANGED OR OTHERWISE PLEDGED OR CONVEYED, EXCEPT IN ACCORDANCE WITH THE
         POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.

                  No.__

                                                BA MASTER CREDIT CARD TRUST II
                                                   SERIES 2001-D CERTIFICATE
                                            ASSET BACKED CERTIFICATE, SERIES 2001-D

Evidencing an Undivided Interest in a trust, the corpus of which consists of a portfolio of MasterCard®, VISA® and American
Express credit card receivables generated or acquired by FIA Card Services, National Association and other assets and
interests constituting the Trust under the Pooling and Servicing Agreement described below.

                                             (Not an interest in or obligation of
                                                  BA Credit Card Funding, LLC
                                                  or any Affiliate thereof.)

                  This certifies that _____________________________________________ (the "Investor Certificateholder")
is the registered owner of an Undivided Interest in BA Master Credit Card Trust II (the "Trust"), the corpus of which
consists of a portfolio of receivables (the "Receivables") now existing or hereafter created and arising in connection with
selected

                                                                A-1

MasterCard, VISA and American Express* credit card accounts (the "Accounts") of FIA Card Services, National Association, a
national banking association organized under the laws of the United States, all monies due or to become due in payment of the
Receivables (including all Finance Charge Receivables but excluding recoveries on any charged-off Receivables), the right to
certain amounts received as Interchange with respect to the Accounts and the other assets and interests constituting the
Trust pursuant to a Second Amended and Restated Pooling and Servicing Agreement, dated as of October 20, 2006, as
supplemented by the Third Amended and Restated Series 2001-D Supplement, dated as of March 2, 2009 (collectively, the
"Pooling and Servicing Agreement"), by and among BA Credit Card Funding, LLC, as Transferor (the "Transferor"), FIA Card
Services, National Association, as Servicer (the "Servicer"), and The Bank of New York Mellon, as Trustee (the "Trustee"), a
summary of certain of the pertinent provisions of which is set forth hereinbelow.

                  To the extent not defined herein, capitalized terms used herein have the respective meanings assigned to
them in the Pooling and Servicing Agreement.  This Investor Certificate is issued under and is subject to the terms,
provisions and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from
time to time, the Investor Certificateholder by virtue of the acceptance hereof assents and by which the Investor
Certificateholder is bound.

                  Although a summary of certain provisions of the Pooling and Servicing Agreement is set forth below, this
Investor Certificate is qualified in its entirety by the terms and provisions of the Pooling and Servicing Agreement and
reference is made to that Pooling and Servicing Agreement for information with respect to the interests, rights, benefits,
obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee.

                  Beginning on July 13, 2001 and on each Transfer Date thereafter, the Trustee shall distribute to the
Investor Certificateholders of record as of the last Business Day of the calendar month preceding such Transfer Date such
amounts as are payable pursuant to the Pooling and Servicing Agreement and as are requested by the certificate delivered to
the Trustee by the Servicer pursuant to Section 5.01 of the Pooling and Servicing Agreement.  The Series 2001-D Termination
Date is the earlier the occur of (i) the date designated by the Transferor following the last occurring Legal Maturity Date
of any tranche of Notes and (ii) the Trust Termination Date.  Principal with respect to the Series 2001-D Certificates will
be paid under the circumstances described in the Pooling and Servicing Agreement.

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

                  This Investor Certificate shall constitute a "security" within the meaning of (i) Article 8 of the Uniform
Commercial Code (including Section 8-102(a)(15) thereof) as in effect from time to time in the State of Delaware and (ii) the
Uniform Commercial Code of any other

___________________________

*        VISA®, MasterCard® and American Express® are federally registered servicemarks of Visa U.S.A., Inc., MasterCard
International Incorporated and American Express Company, respectively.

                                                                A-2

applicable jurisdiction that presently or hereafter substantially includes the 1994 revisions to Article 8 thereof as adopted
by the American Law Institute and the National Conference of Commissioners on Uniform State Laws and approved by the American
Bar Association on February 14, 1995.

                  This Investor Certificate shall be governed by and construed in accordance with the laws of the State of
Delaware, without regard to conflict of law principles thereof.

                                                                A-3

                  IN WITNESS WHEREOF, BA Credit Card Funding, LLC has caused this Series 2001-D Certificate to be duly
executed under its official seal.

                                                       By:  _______________________________________
                                                            Authorized Officer

Date: ____________ __, _____

                                                                A-4

                                        Form of Trustee's Certificate of Authentication

                                                 CERTIFICATE OF AUTHENTICATION

                  This is one of the Series 2001-D Certificates referred to in the within-mentioned Pooling and Servicing
Agreement.

                                                     THE BANK OF NEW YORK MELLON,
                                                       Trustee

                                                      By:  ____________________________
                                                           Authorized Signatory

Date: __________ __, ____

                                                                A-5

                                                                                                                EXHIBIT A-1

                                                  FORM OF CLASS D CERTIFICATE

                  THIS CLASS D ASSET BACKED CERTIFICATE, SERIES 2001-D (THE "CLASS D CERTIFICATE") HAS NOT BEEN AND WILL NOT
         BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAW.  THE
         HOLDER HEREOF, BY PURCHASING THIS CLASS D CERTIFICATE, AGREES THAT IT IS ACQUIRING THIS CLASS D CERTIFICATE FOR ITS
         OWN ACCOUNT (AND NOT FOR THE ACCOUNT OF OTHERS) AND NOT WITH A VIEW TO, OR FOR SALE IN CONNECTION WITH, THE PUBLIC
         DISTRIBUTION HEREOF AND THAT NEITHER THIS CLASS D CERTIFICATE NOR ANY INTEREST HEREIN 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 SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH PROVISIONS.  THE
         TRANSFER OF THIS CLASS D CERTIFICATE IS SUBJECT TO CERTAIN CONDITIONS SET FORTH IN THE POOLING AND SERVICING
         AGREEMENT REFERRED TO HEREIN.

                  TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, NEITHER THIS CLASS D CERTIFICATE NOR ANY INTEREST HEREIN
         MAY BE TRANSFERRED, ASSIGNED, EXCHANGED OR OTHERWISE PLEDGED OR CONVEYED, EXCEPT IN ACCORDANCE WITH THE POOLING AND
         SERVICING AGREEMENT REFERRED TO HEREIN.

No. 1

                                                BA MASTER CREDIT CARD TRUST II
                                                            CLASS D
                                            ASSET BACKED CERTIFICATE, SERIES 2001-D

Evidencing an Undivided Interest in certain assets of the BA Master Credit Card Trust II, the corpus of which consists of a
portfolio of MasterCard®, VISA® and American Express® credit card receivables originated or acquired by FIA Card
Services, National Association and other assets and interests constituting the Trust under the Pooling and Servicing Agreement
described below.

                                             (Not an interest in or obligation of
                                            FIA Card Services, National Association
                                                  or any Affiliate thereof.)

                  This certifies that BA Credit Card Funding, LLC (the "Class D Certificateholder") is the registered owner
of an Undivided Interest in a trust (the "Trust"), the corpus of which

                                                              A-1-1

consists of a portfolio of receivables (the "Receivables") now existing or hereafter created and arising in connection with
selected MasterCard, VISA and American Express* credit card accounts (the "Accounts") of FIA Card Services, National
Association, a national banking association organized under the laws of the United States, all monies due or to become due in
respect to such Receivables (including all Finance Charge Receivables), all Interchange allocable to the Trust, all proceeds
of such Receivables, Insurance Proceeds and Recoveries relating to such Receivables and the proceeds thereof, in each case
pursuant to a Second Amended and Restated Pooling and Servicing Agreement, dated as of October 20, 2006, as supplemented by
the Series 2001-D Supplement, dated as of May 24, 2001 (as amended, supplemented and modified as of the date hereof,
collectively, the "Pooling and Servicing Agreement"), by and among BA Credit Card Funding, LLC, as Transferor (the
"Transferor"), FIA Card Services, National Association, as Servicer (the "Servicer"), and The Bank of New York Mellon, as
Trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth herein.

                  To the extent not defined herein, capitalized terms used herein have the respective meanings assigned to
them in the Pooling and Servicing Agreement.  This Class D Certificate is issued under and is subject to the terms,
provisions and conditions of the Pooling and Servicing Agreement, to which Pooling and Servicing Agreement, as amended from
time to time, the Class D Certificateholder by virtue of the acceptance hereof assents and by which the Class D
Certificateholder is bound.

                  Although a summary of certain provisions of the Pooling and Servicing Agreement is set forth below, this
Class D Certificate is qualified in its entirety by the terms and provisions of the Pooling and Servicing Agreement and
reference is made to that Pooling and Servicing Agreement for information with respect to the interests, rights, benefits,
obligations, proceeds, and duties evidenced hereby and the rights, duties and obligations of the Trustee.

                  Beginning on March 13, 2009 and on each Transfer Date thereafter, the Trustee shall distribute to the Class
D Certificateholder of record as of the last Business Day of the calendar month preceding such Transfer Date such amounts as
are payable pursuant to the Pooling and Servicing Agreement and as are requested by the certificate delivered to the Trustee
by the Servicer pursuant to Section 5.01 of the Pooling and Servicing Agreement.  The Series 2001-D Termination Date is the
earlier to occur of (i) the date designated by the Transferor following the last occurring Legal Maturity Date of any tranche
of Notes, and (ii) the Trust Termination Date.  Principal with respect to the Series 2001-D Certificates will be paid under
the circumstances described in the Pooling and Servicing Agreement.

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

_______________________

*        MasterCard®,VISA® and American Express® are federally registered servicemarks of MasterCard International Inc., Visa
U.S.A., Inc. and American Express Company, respectively.
                                                              A-1-2

                  This Class D Certificate shall be governed by and construed in accordance with the laws of the State of
Delaware, without regard to conflict of law principles thereof.

                                                              A-1-3

                  IN WITNESS WHEREOF, BA Credit Card Funding, LLC has caused this Class D Asset Backed Certificate, Series
2001-D to be duly executed under its official seal.

                                                     By:  ______________________________________
                                                          Authorized Officer
[Seal]

Date: March 2, 2009

                                                              A-1-4

                                        Form of Trustee's Certificate of Authentication

                                                 CERTIFICATE OF AUTHENTICATION

                  This is one of the Series 2001-D Certificates referred to in the within-mentioned Pooling and Servicing
Agreement.

                                                     THE BANK OF NEW YORK MELLON,
                                                       Trustee

                                                     By:  _________________________________________
                                                          Authorized Signatory

Date:  March 2, 2009

                                                              A-1-5

                                                                                                                      EXHIBIT B

                                         FORM OF MONTHLY PERFORMANCE STATEMENT AND NOTIFICATION
                                                        TO THE TRUSTEE
                                            FIA CARD SERVICES, NATIONAL ASSOCIATION
                                         BA MASTER CREDIT CARD TRUST II, SERIES 2001-D
                                          MONTHLY PERIOD ENDING __________ __, _____

Capitalized terms used in this notice have their respective meanings set forth in the Pooling and Servicing Agreement.
References herein to certain sections and subsections are references to the respective sections and subsections of the
Pooling and Servicing Agreement as supplemented by the Series 2001-D Supplement.  This notice is delivered pursuant to
Section 4.06.

         A)       FIA Card Services, National Association is the Servicer under the Pooling and
                  Servicing Agreement.
         B)       The undersigned is a Servicing Officer.
         C)       The date of this notice is on or before the related Transfer Date under the Pooling and Servicing Agreement.

I.  INSTRUCTION TO MAKE A WITHDRAWAL

Pursuant to Section 4.06, the Servicer does hereby instruct the Trustee (i) to make withdrawals from the Finance Charge
Account and the Principal Account on __________ __, ____, which date is a Transfer Date under the Pooling and Servicing
Agreement, in aggregate amounts set forth below in respect of the following amounts and (ii) to apply the proceeds of such
withdrawals in accordance with subsection 3(a) of the Series 2001-D Supplement and Section 4.06 of the Pooling and Servicing
Agreement:

A.       Pursuant to subsection 3(a) of the Series 2001-D Supplement:

                      1.      Servicer Interchange                                            $__________

B.       Pursuant to subsection 4.06(b)(iii):

                      1.      Amount to be treated as Shared Principal Collections            $__________

C.       Pursuant to subsection 4.06(b)(iv):

                      1.      Amount to be paid to the Holder of the Transferor Interest      $__________

                      2.      Unallocated Principal Collections                               $__________

                                                               B-1

D.       Pursuant to subsection 4.06(c)(iii):

                      1.      Amount to be paid to the Holder of the Transferor Interest      $__________

                      2.      Unallocated Principal Collections                               $__________

II.  INSTRUCTION TO MAKE CERTAIN PAYMENTS

Pursuant to Section 4.06, the Servicer does hereby instruct the Trustee to pay in accordance with Section 5.01 to the account
of the Certificate Representative on __________ __, ____, which date is a Transfer Date under the Pooling and Servicing
Agreement, the amounts as set forth below:

A.       Pursuant to subsection 4.06(a):

                      1.      Amount of Available Funds payable pursuant to Section 3.01(a)
                              through (g) of the BAseries Indenture Supplement to be
                              distributed to the Series 2001-D Certificateholders from the
                              Finance Charge Account                                          $__________

                      2.      Amount of Available Funds to be treated as Available Investor
                              Principal Collections in respect of the Aggregate Class D
                              Investor Default Amount                                         $__________

                      3.      Amount of Available Funds to be treated as Available Investor
                              Principal Collections in respect of reimbursements of Class D
                              Investor Charge-Offs or Reallocated Class D Principal
                              Collections                                                     $__________

                      4.      Amount of Available Funds payable pursuant to Section 3.01(h)
                              of the BAseries Indenture Supplement to be distributed to the
                              Series 2001-D Certificateholders from the Finance Charge
                              Account                                                         $__________

B.       Pursuant to subsection 4.06(b):

                      1.      Series 2001-D Monthly Principal Payment to be distributed to
                              the Series 2001-D Certificateholders from the Principal
                              Account                                                         $__________

                      2.      Class D Monthly Principal Amount to be distributed to
                              the Class D Certificateholder from the Principal Account        $__________

                                                               B-2

C.       Pursuant to subsection 4.06(c):

                      1.      Amount to be distributed to the Series 2001-D
                              Certificateholders from the Principal Account                   $__________

                      2.      Amount to be distributed to the Class D Certificateholder
                              from the Principal Account                                      $__________

                                                               B-3

         IN WITNESS WHEREOF, the undersigned has duly executed this certificate this __th day __________, ____.

                                                     FIA CARD SERVICES,
                                                     NATIONAL ASSOCIATION,
                                                     Servicer

                                                     By: _______________________________
                                                     Name:
                                                     Title:

                                                               B-4

                                                                                                               EXHIBIT C

                                  FORM OF MONTHLY SERIES 2001-D CERTIFICATEHOLDERS' STATEMENT

                                                         Series 2001-D

                                            FIA CARD SERVICES, NATIONAL ASSOCIATION

                          ______________________________________________________________________

                                                BA MASTER CREDIT CARD TRUST II

                          ______________________________________________________________________

         The information which is required to be prepared with respect to the Transfer Date of ______ __, ____and with
respect to the performance of the Trust during the related Monthly Period.

         Capitalized terms used in this Statement have their respective meanings set forth in the Pooling and Servicing
Agreement.

A.           Information Regarding the Current Monthly Distribution

             1.         The amount of the current monthly distribution which constitutes
                        Available Funds..................................................          $__________

             2.         The amount of the current monthly distribution which constitutes
                        Available Investor Principal Collections.........................          $__________

                        Total ...........................................................          $__________

B.           Information Regarding the Performance of the Trust
             1.         Collection of Principal Receivables

                        (a)     The aggregate amount of Collections of Principal Receivables
                                processed during the related Monthly Period and allocated to
                                Series 2001-D................................................      $__________

             2.         Collection of Finance Charge Receivables

                        (a)     The aggregate amount of Collections of Finance Charge
                                Receivables processed during the related Monthly Period and
                                allocated to Series 2001-D...................................      $__________

                                                               C-1

             3.         Principal Receivables in the Trust

                        (a)     The aggregate amount of Principal Receivables in the Trust as
                                of the end of the day on the last day of the related Monthly
                                Period.......................................................    $__________

                        (b)     The amount of Principal Receivables in the Trust represented
                                by the Investor Interest of Series 2001-D as of the end of the
                                day on the last day of the related Monthly Period............    $__________

                        (c)     The Floating Allocation Investor Interest as of the end of the
                                day on the last day of the related Monthly Period............    $__________

                        (d)     The Principal Allocation Investor Interest as of the end of
                                the day on the last day of the related Monthly Period........    $__________

                        (e)     The Floating Investor Percentage with respect to the related
                                Monthly Period...............................................    ____%

                        (f)     The Principal Investor Percentage with respect to the related
                                Monthly Period...............................................    ____%

                        (g)     The Investor Interest as of the end of the day on the last day
                                of the related Monthly Period................................    $__________

                        (h)     The Class D Investor Interest as of the end of the day on the
                                last day of the related Monthly Period.......................    $__________

             4.         Shared Principal Collections

                        The aggregate amount of Shared Principal Collections applied as
                        Available Investor Principal Collections.............................    $__________

             5.         Delinquent Balances

                        The aggregate amount of outstanding balances in the Accounts which were delinquent as of the
                        end of the day on the last day of the related Monthly Period:

                                               Aggregate                                             Percentage
                                                Account                                               of Total
                                                Balance                                              Receivables

                                                               C-2

                                   (a)   30     -    59 days:                 $__________               ____%
                                   (b)   60     -    89 days:                 $__________               ____%
                                   (c)   90     -    119 days:                $__________               ____%
                                   (d)   120    -    149 days:                $__________               ____%
                                   (e)   150    -    179 days:                $__________               ____%
                                   (f)   180   -     or more days:            $__________               ____%

                                                     Total:                   $__________               ____%

             6.         Investor Default Amount

                        (a)     The Aggregate Class D Investor Default Amount for the related
                                Monthly Period...............................................   $__________

                        (b)     The Aggregate Investor Default Amount for the related Monthly
                                Period.......................................................   $__________

             7.         Investor Servicing Fee

                        (a)     The amount of the Investor Servicing Fee payable by the Trust
                                to the Servicer for the related Monthly Period...............   $__________

                        (b)     The amount of the Net Servicing Fee payable by the Trust to
                                the Servicer for the related Monthly Period..................   $__________

                        (c)     The amount of the Servicer Interchange payable by the Trust
                                to the Servicer for the related Monthly
                                Period.......................................................   $__________

             8.         Portfolio Yield

                        (a)      The Portfolio Yield for the related Monthly Period..........   $__________

                                                               C-3

                                                     FIA CARD SERVICES,
                                                        NATIONAL ASSOCIATION,
                                                        Servicer

                                                     By:_________________________
                                                          Name:
                                                          Title:

                                                               C-4

                                                                                                    SCHEDULE TO EXHIBIT C

                                          SCHEDULE TO MONTHLY SERVICER'S CERTIFICATE
                                           MONTHLY PERIOD ENDING _________ __, ____
                                            FIA CARD SERVICES, NATIONAL ASSOCIATION
                                         BA MASTER CREDIT CARD TRUST II, SERIES 2001-D

1.            The aggregate amount of the Investor Percentage of Collections of Principal
              Receivables......................................................................  $__________

2.            The aggregate amount of the Investor Percentage of Collections of Finance Charge
              Receivables (excluding Interchange)..............................................  $__________

3.            The aggregate amount of the Investor Percentage of Interchange...................  $__________

4.            The aggregate amount of Servicer Interchange.....................................  $__________

5.            The aggregate amount of funds on deposit in Finance Charge Account allocable to
              Series 2001-D....................................................................  $__________

6.            The aggregate amount of funds on deposit in the Principal Account allocable to
              Series 2001-D....................................................................  $__________

7.            The amount of Available Funds payable to Series 2001-D...........................  $__________

              a.   The amount of Principal Account Investment Proceeds.........................  $__________
              b.   The amount of Finance Charge Account Investment Proceeds....................  $__________
8.            The amount of Available Investor Principal Collections payable to Series 2001-D..  $__________

9.            The sum of all amounts payable to Series 2001-D..................................  $__________

10.           To the knowledge of the undersigned, no Series 2001-D Pay Out Event or Trust Pay
              Out Event has occurred except as described below:

                     None.

                  IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate this __th day of
__________, ____.

                                                     FIA CARD SERVICES,
                                                     NATIONAL ASSOCIATION,
                                                     as Servicer

                                                     By: _________________________
                                                         Name:
                                                         Title:

                                                                                                                 EXHIBIT D

                                                 FORM OF ANNUAL CERTIFICATION

         Re:      The Third Amended and Restated Series 2001-D  Supplement to the Second Amended and Restated  Pooling
                  and Servicing Agreement, each dated as of March 2, 2009, each as amended,  supplemented or otherwise
                  modified from time to time (collectively,  the "Agreement"),  each among FIA Card Services, National
                  Association,  as  servicer  (the  "Servicer"),  BA Credit Card  Funding,  LLC,  as  transferor  (the
                  "Transferor"), and The Bank of New York Mellon, as trustee.

         I, ________________________________, the _______________________ of [name of trustee or servicer] (the "Company"),
certify to the Transferor, the Servicer 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 Company's compliance provided in accordance with
         Rules 13a-18 and 15d-18 under the Securities Exchange Act of 1934, as amended (the "Exchange Act") and Item 1122 of
         Regulation AB (the "Company Information"), and the registered public accounting firm's attestation report provided
         in accordance with Rules 13a-18 and 15d-18 under the Exchange Act and Section 1122(b) of Regulation AB that were
         delivered by the Company to the Transferor and the Servicer pursuant to the Agreement;

                  (2)      To the best of my knowledge, the Company 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 Company Information;

                  (3)      To the best of my knowledge, all of the Company Information required to be provided by the Company
         under the Agreement has been provided to the Transferor [and the Servicer]; and

                  (4)      To the best of my knowledge, except as disclosed in the reports discussed in clause (1) above, the
         Company has fulfilled its obligations under the Agreement.

                                                     Date:  _________________________

                                                     By:   ________________________________
                                                     Name:
                                                     Title:

                                                               D-1

                                                                                                                 EXHIBIT E

                                SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE

         The assessment of compliance to be delivered by the [Servicer] [Trustee] shall address, at a minimum, the criteria
identified as below as "Applicable Servicing Criteria":

_________________________________________________________________________________________________________________
                                                                                           Applicable Servicing
                                   Servicing Criteria                                            Criteria
_________________________________________________________________________________________________________________
     Reference                                     Criteria
_________________________________________________________________________________________________________________
                                       General Servicing Considerations
_________________________________________________________________________________________________________________
1122(d)(1)(i)        Policies and procedures are instituted to monitor any performance           Servicer
                     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                Servicer
                     parties, policies and procedures are instituted to monitor the
                     third party's performance and compliance with such servicing
                     activities.
_________________________________________________________________________________________________________________
1122(d)(1)(iii)      Any requirements in the transaction agreements to maintain a
                     back-up servicer for the credit card accounts or accounts are
                     maintained.
_________________________________________________________________________________________________________________
1122(d)(1)(iv)       A fidelity bond and errors and omissions policy is in effect on the         Servicer
                     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.
_________________________________________________________________________________________________________________
                                      Cash Collection and Administration
_________________________________________________________________________________________________________________
1122(d)(2)(i)        Payments on credit card accounts are deposited into the appropriate     Servicer,Trustee
                     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.
_________________________________________________________________________________________________________________
1122(d)(2)(ii)       Disbursements made via wire transfer on behalf of an obligor or to           Trustee
                     an investor are made only by authorized personnel.
_________________________________________________________________________________________________________________
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.
_________________________________________________________________________________________________________________
                     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            Servicer,Trustee
                     respect to commingling of cash) as set forth in the transaction
1122(d)(2)(iv)       agreements.
_________________________________________________________________________________________________________________
1122(d)(2)(v)        Each custodial account is maintained at a federally insured             Servicer,Trustee
                     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.
_________________________________________________________________________________________________________________
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
                     are (A) mathematically accurate; (B) prepared within 30 calendar
                     days after the bank statement cutoff date, or such other number of
                     days specified in the transaction agreements; (C) 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.
_________________________________________________________________________________________________________________

                                                     E-2

_________________________________________________________________________________________________________________
                                                                                           Applicable Servicing
                                   Servicing Criteria                                            Criteria
_________________________________________________________________________________________________________________
     Reference                                     Criteria
_________________________________________________________________________________________________________________
                                      Investor Remittances and Reporting
_________________________________________________________________________________________________________________
1122(d)(3)(i)        Reports to investors, including those to be filed with the                  Servicer
                     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 credit card accounts serviced by
                     the Servicer.
_________________________________________________________________________________________________________________
1122(d)(3)(ii)       Amounts due to investors are allocated and remitted in accordance       Servicer,Trustee
                     with timeframes, distribution priority and other terms set forth in
                     the transaction agreements.
_________________________________________________________________________________________________________________
                     Disbursements made to an investor are posted within two business
                     days to the Servicer's investor records, or such other number of             Trustee
1122(d)(3)(iii)      days specified in the transaction agreements.
_________________________________________________________________________________________________________________
                     Amounts remitted to investors per the investor reports agree with
                     cancelled checks, or other form of payment, or custodial bank           Servicer,Trustee
1122(d)(3)(iv)       statements.
_________________________________________________________________________________________________________________
                                          Pool Asset Administration
_________________________________________________________________________________________________________________
1122(d)(4)(i)        Collateral or security on credit card accounts is maintained as
                     required by the transaction agreements or related asset pool
                     documents.
_________________________________________________________________________________________________________________
                     Account and related documents are safeguarded as required by the        Servicer,Trustee
1122(d)(4)(ii)       transaction agreements
_________________________________________________________________________________________________________________
1122(d)(4)(iii)      Any additions, removals or substitutions to the asset pool are              Servicer
                     made, reviewed and approved in accordance with any conditions or
                     requirements in the transaction agreements.
_________________________________________________________________________________________________________________
1122(d)(4)(iv)       Payments on credit card accounts, including any payoffs, made in            Servicer
                     accordance with the related credit card accounts 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 asset pool documents.
_________________________________________________________________________________________________________________
1122(d)(4)(v)        The Servicer's records regarding the accounts and the accounts              Servicer
                     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                 Servicer
                     account  (e.g., loan modifications or re-agings) 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,               Servicer
                     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            Servicer
                     period a 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 Accounts 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          Servicer
                     variable rates are computed based on the related Account documents.
_________________________________________________________________________________________________________________

                                                     E-3

_________________________________________________________________________________________________________________
                                                                                           Applicable Servicing
                                   Servicing Criteria                                            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 Account 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 Account documents and state laws; and (C) such funds are
                     returned to the obligor within 30 calendar days of full repayment
                     of the related Accounts, 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.
_________________________________________________________________________________________________________________
                     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
1122(d)(4)(xiii)     agreements.
_________________________________________________________________________________________________________________
1122(d)(4)(xiv)      Delinquencies, charge-offs and uncollectible accounts are                   Servicer
                     recognized and recorded in accordance with the transaction
                     agreements.
_________________________________________________________________________________________________________________
                     Any external enhancement or other support, identified in Item
                     1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained         Servicer
1122(d)(4)(xv)       as set forth in the transaction agreements.
_________________________________________________________________________________________________________________

                                                     E-4

                                                     [THE BANK OF NEW YORK MELLON,
                                                     as Trustee]

                                                     [FIA CARD SERVICES, NATIONAL ASSOCIATION,
                                                     as Servicer]

                                                     Date:    _________________________

                                                     By:      ________________________________
                                                     Name:
                                                     Title:Exhibit 4.1

 

Exhibit 4.1

UST Sequence No. 701 

THE SECURITIES
REPRESENTED BY THIS INSTRUMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE
TRANSFERRED, SOLD OR OTHERWISE DISPOSED OF EXCEPT WHILE A REGISTRATION
STATEMENT RELATING THERETO IS IN EFFECT UNDER SUCH ACT AND APPLICABLE STATE
SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR
SUCH LAWS.  THIS INSTRUMENT IS ISSUED SUBJECT TO THE RESTRICTIONS ON TRANSFER
AND OTHER PROVISIONS OF A SECURITIES PURCHASE AGREEMENT BETWEEN THE ISSUER OF
THESE SECURITIES AND THE INVESTOR REFERRED TO THEREIN, A COPY OF WHICH IS ON
FILE WITH THE ISSUER. THE SECURITIES REPRESENTED BY THIS INSTRUMENT MAY NOT BE
SOLD OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH SAID AGREEMENT.  ANY
SALE OR OTHER TRANSFER NOT IN COMPLIANCE WITH SAID AGREEMENT WILL BE VOID.

WARRANT

to purchase

330,554

Shares of
Common Stock

of Southern
First Bancshares, Inc.

Issue Date: February
27, 2009

1.         Definitions. Unless the context otherwise
requires, when used herein the following terms shall have the meanings
indicated.

“Affiliate” has the meaning ascribed to it in the
Purchase Agreement.

 

UST Sequence No. 701

 

“Appraisal Procedure” means a procedure whereby two
independent appraisers, one chosen by the Company and one by the Original
Warrantholder, shall mutually agree upon the determinations then the subject of
appraisal.  Each party shall deliver a notice to the other appointing its
appraiser within 15 days after the Appraisal Procedure is invoked.  If within
30 days after appointment of the two appraisers they are unable to agree upon
the amount in question, a third independent appraiser shall be chosen within 10
days thereafter by the mutual consent of such first two appraisers.  The
decision of the third appraiser so appointed and chosen shall be given within
30 days after the selection of such third appraiser.  If three appraisers shall
be appointed and the determination of one appraiser is disparate from the
middle determination by more than twice the amount by which the other
determination is disparate from the middle determination, then the
determination of such appraiser shall be excluded, the remaining two
determinations shall be averaged and such average shall be binding and conclusive
upon the Company and the Original Warrantholder; otherwise, the average of all
three determinations shall be binding upon the Company and the Original
Warrantholder.  The costs of conducting any Appraisal Procedure shall be borne
by the Company.

“Board of Directors” means the board of directors of
the Company, including any duly authorized committee thereof.

“Business
Combination” means a merger, consolidation, statutory share exchange or
similar transaction that requires the approval of the Company’s stockholders.

“business day” means any day except Saturday, Sunday
and any day on which banking institutions in the State of New York generally
are authorized or required by law or other governmental actions to close.

“Capital Stock” means (A) with respect to any Person
that is a corporation or company, any and all shares, interests, participations
or other equivalents (however designated) of capital or capital stock of such
Person and (B) with respect to any Person that is not a corporation or company,
any and all partnership or other equity interests of such Person.

“Charter” means, with respect to any Person, its
certificate or articles of incorporation, articles of association, or similar
organizational document.

“Common Stock” has the meaning ascribed to it in the
Purchase Agreement.

“Company” means the Person whose name, corporate or
other organizational form and jurisdiction of organization is set forth in Item
1 of Schedule A hereto.

“conversion” has the meaning set forth in Section
13(B).

“convertible securities”
has the meaning set forth in Section 13(B).

“CPP” has the meaning ascribed to it in the Purchase
Agreement.

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, or any
successor statute, and the rules and regulations promulgated thereunder.

“Exercise Price” means the amount set forth in Item
2 of Schedule A hereto.

“Expiration Time” has the meaning set forth in
Section 3.

	
  2

  

UST Sequence No. 701

 

 

“Fair Market Value” means, with respect to any
security or other property, the fair market value of such security or other
property as determined by the Board of Directors, acting in good faith or, with
respect to Section 14, as determined by the Original Warrantholder acting in
good faith. For so long as the Original Warrantholder holds this Warrant or any
portion thereof, it may object in writing to the Board of Director’s
calculation of fair market value within 10 days of receipt of written notice
thereof.  If the Original Warrantholder and the Company are unable to agree on
fair market value during the 10-day period following the delivery of the
Original Warrantholder’s objection, the Appraisal Procedure may be invoked by
either party to determine Fair Market Value by delivering written notification
thereof not later than the 30th day
after delivery of the Original Warrantholder’s objection.

“Governmental
Entities” has the meaning ascribed to it in the Purchase Agreement.

“Initial Number” has the meaning
set forth in Section 13(B).

“Issue
Date” means the date
set forth in Item 3 of Schedule A hereto.

“Market Price” means, with respect to a particular
security, on any given day, the last reported sale price regular way or, in
case no such reported sale takes place on such day, the average of the last
closing bid and ask prices regular way, in either case on the principal
national securities exchange on which the applicable securities are listed or
admitted to trading, or if not listed or admitted to trading on any national
securities exchange, the average of the closing bid and ask prices as furnished
by two members of the Financial Industry Regulatory Authority, Inc. selected
from time to time by the Company for that purpose.  “Market Price” shall be
determined without reference to after hours or extended hours trading. If such
security is not listed and traded in a manner that the quotations referred to
above are available for the period required hereunder, the Market Price per
share of Common Stock shall be deemed to be (i) in the event that any portion
of the Warrant is held by the Original Warrantholder, the fair market value per
share of such security as determined in good faith by the Original
Warrantholder or (ii) in all other circumstances, the fair market value per
share of such security as determined in good faith by the Board of Directors in
reliance on an opinion of a nationally recognized independent investment
banking corporation retained by the Company for this purpose and certified in a
resolution to the Warrantholder.  For the purposes of determining the Market
Price of the Common Stock on the “trading day” preceding, on or following the
occurrence of an event, (i) that trading day shall be deemed to commence
immediately after the regular scheduled closing time of trading on the New York
Stock Exchange or, if trading is closed at an earlier time, such earlier time
and (ii) that trading day shall end at the next regular scheduled closing time,
or if trading is closed at an earlier time, such earlier time (for the
avoidance of doubt, and as an example, if the Market Price is to be determined
as of the last trading day preceding a specified event and the closing time of
trading on a particular day is 4:00 p.m. and the specified event occurs at 5:00
p.m. on that day, the Market Price would be determined by reference to such
4:00 p.m. closing price).

“Ordinary Cash
Dividends” means a regular quarterly cash dividend on shares of Common
Stock out of surplus or net profits legally available therefor (determined in
accordance with generally accepted accounting principles in effect from time to
time), provided that Ordinary Cash Dividends shall not include any cash
dividends paid subsequent to the Issue Date to the extent the aggregate per
share dividends paid on the outstanding Common Stock in any quarter exceed the
amount set forth in Item 4 of Schedule A hereto, as adjusted for any stock
split, stock dividend, reverse stock split, reclassification or similar
transaction.

	
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“Original Warrantholder” means the United States
Department of the Treasury.  Any actions specified to be taken by the Original
Warrantholder hereunder may only be taken by such Person and not by any other
Warrantholder.

“Permitted Transactions” has the meaning set forth
in Section 13(B).

“Person” has the meaning given to it in Section 3(a)(9) of
the Exchange Act and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange
Act.

“Per Share Fair Market Value” has the meaning set forth in
Section 13(C).

“Preferred Shares” means the perpetual preferred stock
issued to the Original Warrantholder on the Issue Date pursuant to the Purchase
Agreement.

“Pro Rata Repurchases” means any purchase of shares of
Common Stock by the Company or any Affiliate thereof pursuant to (A) any tender
offer or exchange offer subject to Section 13(e) or 14(e) of the Exchange Act
or Regulation 14E promulgated thereunder or (B) any other offer available to
substantially all holders of Common Stock, in the case of both (A) or (B),
whether for cash, shares of Capital Stock of the Company, other securities of
the Company, evidences of indebtedness of the Company or any other Person or
any other property (including, without limitation, shares of Capital Stock,
other securities or evidences of indebtedness of a subsidiary), or any
combination thereof, effected while this Warrant is outstanding.  The “Effective
Date” of a Pro Rata Repurchase shall mean the date of acceptance of shares
for purchase or exchange by the Company under any tender or exchange offer
which is a Pro Rata Repurchase or the date of purchase with respect to any Pro
Rata Repurchase that is not a tender or exchange offer.

“Purchase Agreement” means the Securities Purchase
Agreement – Standard Terms incorporated into the Letter Agreement, dated as of
the date set forth in Item 5 of Schedule A hereto, as amended from time to
time, between the Company and the United States Department of the Treasury (the
“Letter Agreement”), including all annexes and schedules thereto.

“Qualified Equity Offering” has the meaning ascribed
to it in the Purchase Agreement.

“Regulatory Approvals” with respect to the Warrantholder,
means, to the extent applicable and required to permit the Warrantholder to
exercise this Warrant for shares of Common Stock and to own such Common Stock
without the Warrantholder being in violation of applicable law, rule or
regulation, the receipt of any necessary approvals and authorizations of,
filings and registrations with, notifications to, or expiration or termination
of any applicable waiting period under, the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended, and the rules and regulations thereunder.

“SEC” means the U.S. Securities and Exchange
Commission.

“Securities Act” means the Securities Act of 1933,
as amended, or any successor statute, and the rules and regulations promulgated
thereunder.

“Shares” has the meaning set forth in Section 2.

	
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UST Sequence No. 701

 

“trading day”
means (A) if the shares of Common Stock are not traded on any national or
regional securities exchange or association or over-the-counter market, a
business day or (B) if the shares of Common Stock are traded on any national or
regional securities exchange or association or over-the-counter market, a
business day on which such relevant exchange or quotation system is scheduled
to be open for business and on which the shares of Common Stock (i) are not
suspended from trading on any national or regional securities exchange or
association or over-the-counter market for any period or periods aggregating
one half hour or longer; and (ii) have traded at least once on the national or
regional securities exchange or association or over-the-counter market that is
the primary market for the trading of the shares of Common Stock.

“U.S. GAAP” means United States generally accepted
accounting principles.

“Warrantholder” has the meaning set forth in Section
2.

“Warrant” means this Warrant, issued pursuant to the
Purchase Agreement.

2.         Number
of Shares; Exercise Price. This certifies that, for value received, the
United States Department of the Treasury or its permitted assigns (the “Warrantholder”)
is entitled, upon the terms and subject to the conditions hereinafter set
forth, to acquire from the Company, in whole or in part, after the receipt of
all applicable Regulatory Approvals, if any, up to an aggregate of the number
of fully paid and nonassessable shares of Common Stock set forth in Item 6 of Schedule
A hereto, at a purchase price per share of Common Stock equal to the Exercise
Price.  The number of shares of Common Stock (the “Shares”) and the
Exercise Price are subject to adjustment as provided herein, and all references
to “Common Stock,” “Shares” and “Exercise Price” herein shall be deemed to
include any such adjustment or series of adjustments.

3.         Exercise
of Warrant; Term. Subject to Section 2, to the extent permitted by
applicable laws and regulations, the right to purchase the Shares represented
by this Warrant is exercisable, in whole or in part by the Warrantholder, at
any time or from time to time after the execution and delivery of this Warrant
by the Company on the date hereof, but in no event later than 5:00 p.m., New
York City time on the tenth anniversary of the Issue Date (the “Expiration
Time”), by (A) the surrender of this Warrant and Notice of Exercise annexed
hereto, duly completed and executed on behalf of the Warrantholder, at the
principal executive office of the Company located at the address set forth in
Item 7 of Schedule A hereto (or such other office or agency of the Company in
the United States as it may designate by notice in writing to the Warrantholder
at the address of the Warrantholder appearing on the books of the Company), and
(B) payment of the Exercise Price for the Shares thereby purchased:

(i)         by
having the Company withhold, from the shares of Common Stock that would
otherwise be delivered to the Warrantholder upon such exercise, shares of
Common stock issuable upon exercise of the Warrant equal in value to the
aggregate Exercise Price as to which this Warrant is so exercised based on the
Market Price of the Common Stock on the trading day on which this Warrant is
exercised and the Notice of Exercise is delivered to the Company pursuant to
this Section 3, or

	
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(ii)        with
the consent of both the Company and the Warrantholder, by tendering in cash, by
certified or cashier’s check payable to the order of the Company, or by wire
transfer of immediately available funds to an account designated by the
Company.

If
the Warrantholder does not exercise this Warrant in its entirety, the
Warrantholder will be entitled to receive from the Company within a reasonable
time, and in any event not exceeding three business days, a new warrant in
substantially identical form for the purchase of that number of Shares equal to
the difference between the number of Shares subject to this Warrant and the
number of Shares as to which this Warrant is so exercised.  Notwithstanding
anything in this Warrant to the contrary, the Warrantholder hereby acknowledges
and agrees that its exercise of this Warrant for Shares is subject to the
condition that the Warrantholder will have first received any applicable
Regulatory Approvals.

4.         Issuance
of Shares; Authorization; Listing.  Certificates for Shares issued upon
exercise of this Warrant will be issued in such name or names as the
Warrantholder may designate and will be delivered to such named Person or
Persons within a reasonable time, not to exceed three business days after the
date on which this Warrant has been duly exercised in accordance with the terms
of this Warrant.  The Company hereby represents and warrants that any Shares
issued upon the exercise of this Warrant in accordance with the provisions of
Section 3 will be duly and validly authorized and issued, fully paid and
nonassessable and free from all taxes, liens and charges (other than liens or
charges created by the Warrantholder, income and franchise taxes incurred in
connection with the exercise of the Warrant or taxes in respect of any transfer
occurring contemporaneously therewith). The Company agrees that the Shares so
issued will be deemed to have been issued to the Warrantholder as of the close
of business on the date on which this Warrant and payment of the Exercise Price
are delivered to the Company in accordance with the terms of this Warrant,
notwithstanding that the stock transfer books of the Company may then be closed
or certificates representing such Shares may not be actually delivered on such
date.  The Company will at all times reserve and keep available, out of its
authorized but unissued Common Stock, solely for the purpose of providing for
the exercise of this Warrant, the aggregate number of shares of Common Stock
then issuable upon exercise of this Warrant at any time.  The Company will (A)
procure, at its sole expense, the listing of the Shares issuable upon exercise
of this Warrant at any time, subject to issuance or notice of issuance, on all
principal stock exchanges on which the Common Stock is then listed or traded
and (B) maintain such listings of such Shares at all times after issuance.  The
Company will use reasonable best efforts to ensure that the Shares may be
issued without violation of any applicable law or regulation or of any
requirement of any securities exchange on which the Shares are listed or
traded.

5.         No
Fractional Shares or Scrip. No fractional Shares or scrip representing
fractional Shares shall be issued upon any exercise of this Warrant.  In lieu
of any fractional Share to which the Warrantholder would otherwise be entitled,
the Warrantholder shall be entitled to receive a cash payment equal to the
Market Price of the Common Stock on the last trading day preceding the date of
exercise less the pro-rated Exercise Price for such fractional share.

	
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6.         No
Rights as Stockholders; Transfer Books. This Warrant does not entitle the
Warrantholder to any voting rights or other rights as a stockholder of the
Company prior to the date of exercise hereof. The Company will at no time close
its transfer books against transfer of this Warrant in any manner which
interferes with the timely exercise of this Warrant.

7.         Charges,
Taxes and Expenses. Issuance of certificates for Shares to the
Warrantholder upon the exercise of this Warrant shall be made without charge to
the Warrantholder for any issue or transfer tax or other incidental expense in
respect of the issuance of such certificates, all of which taxes and expenses
shall be paid by the Company.

8.         Transfer/Assignment.

(A)       Subject
to compliance with clause (B) of this Section 8, this Warrant and all rights
hereunder are transferable, in whole or in part, upon the books of the Company
by the registered holder hereof in person or by duly authorized attorney, and a
new warrant shall be made and delivered by the Company, of the same tenor and
date as this Warrant but registered in the name of one or more transferees,
upon surrender of this Warrant, duly endorsed, to the office or agency of the
Company described in Section 3.  All expenses (other than stock transfer taxes)
and other charges payable in connection with the preparation, execution and
delivery of the new warrants pursuant to this Section 8 shall be paid by the
Company.

(B)       The
transfer of the Warrant and the Shares issued upon exercise of the Warrant are
subject to the restrictions set forth in Section 4.4 of the Purchase
Agreement.  If and for so long as required by the Purchase Agreement, this
Warrant shall contain the legends as set forth in Sections 4.2(a) and 4.2(b) of
the Purchase Agreement.

9.         Exchange
and Registry of Warrant. This Warrant is exchangeable, upon the surrender
hereof by the Warrantholder to the Company, for a new warrant or warrants of
like tenor and representing the right to purchase the same aggregate number of
Shares.  The Company shall maintain a registry showing the name and address of
the Warrantholder as the registered holder of this Warrant. This Warrant may be
surrendered for exchange or exercise in accordance with its terms, at the
office of the Company, and the Company shall be entitled to rely in all
respects, prior to written notice to the contrary, upon such registry.

10.       Loss,
Theft, Destruction or Mutilation of Warrant. Upon receipt by the Company of
evidence reasonably satisfactory to it of the loss, theft, destruction or
mutilation of this Warrant, and in the case of any such loss, theft or
destruction, upon receipt of a bond, indemnity or security reasonably
satisfactory to the Company, or, in the case of any such mutilation, upon
surrender and cancellation of this Warrant, the Company shall make and deliver,
in lieu of such lost, stolen, destroyed or mutilated Warrant, a new Warrant of
like tenor and representing the right to purchase the same aggregate number of
Shares as provided for in such lost, stolen, destroyed or mutilated Warrant.

11.       Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any
action or the expiration of any right required or granted herein shall not be a
business day, then such action may be taken or such right may be exercised on
the next succeeding day that is a business day.

	
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12.       Rule
144 Information. The Company covenants that it will use its reasonable best
efforts to timely file all reports and other documents required to be filed by
it under the Securities Act and the Exchange Act and the rules and regulations
promulgated by the SEC thereunder (or, if the Company is not required to file
such reports, it will, upon the request of any Warrantholder, make publicly
available such information as necessary to permit sales pursuant to Rule 144
under the Securities Act), and it will use reasonable best efforts to take such
further action as any Warrantholder may reasonably request, in each case to the
extent required from time to time to enable such holder to, if permitted by the
terms of this Warrant and the Purchase Agreement, sell this Warrant without
registration under the Securities Act within the limitation of the exemptions
provided by (A) Rule 144 under the Securities Act, as such rule may be amended
from time to time, or (B) any successor rule or regulation hereafter adopted by
the SEC. Upon the written request of any Warrantholder, the Company will
deliver to such Warrantholder a written statement that it has complied with
such requirements.

13.       Adjustments
and Other Rights. The Exercise Price and the number of Shares issuable upon
exercise of this Warrant shall be subject to adjustment from time to time as
follows; provided, that if more than one subsection of this Section 13
is applicable to a single event, the subsection shall be applied that produces
the largest adjustment and no single event shall cause an adjustment under more
than one subsection of this Section 13 so as to result in duplication:

(A)       Stock
Splits, Subdivisions, Reclassifications or Combinations. If the Company
shall (i) declare and pay a dividend or make a distribution on its Common Stock
in shares of Common Stock, (ii) subdivide or reclassify the outstanding shares
of Common Stock into a greater number of shares, or (iii) combine or reclassify
the outstanding shares of Common Stock into a smaller number of shares, the
number of Shares issuable upon exercise of this Warrant at the time of the
record date for such dividend or distribution or the effective date of such
subdivision, combination or reclassification shall be proportionately adjusted
so that the Warrantholder after such date shall be entitled to purchase the
number of shares of Common Stock which such holder would have owned or been
entitled to receive in respect of the shares of Common Stock subject to this
Warrant after such date had this Warrant been exercised immediately prior to
such date.  In such event, the Exercise Price in effect at the time of the
record date for such dividend or distribution or the effective date of such
subdivision, combination or reclassification shall be adjusted to the number
obtained by dividing (x) the product of (1) the number of Shares issuable upon
the exercise of this Warrant before such adjustment and (2) the Exercise Price
in effect immediately prior to the record or effective date, as the case may
be, for the dividend, distribution, subdivision, combination or
reclassification giving rise to this adjustment by (y) the new number of Shares
issuable upon exercise of the Warrant determined pursuant to the immediately
preceding sentence.

(B)       Certain
Issuances of Common Shares or Convertible Securities. Until the earlier of
(i) the date on which the Original Warrantholder no longer holds this Warrant
or any portion thereof and (ii) the third anniversary of the Issue Date, if the
Company shall issue shares of Common Stock (or rights or warrants or other
securities exercisable or convertible into or exchangeable (collectively, a “conversion”)
for shares of Common Stock) (collectively, “convertible securities”)
(other than in Permitted Transactions (as defined below) or a transaction to
which subsection (A) of this Section 13 is applicable) without consideration or
at a consideration per share (or having a conversion price per share) that is
less than 90% of the Market Price on the last trading day preceding the date of
the agreement on pricing such shares (or such convertible securities) then, in
such event:

	
  8

  

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(A) the number of Shares issuable upon
the exercise of this Warrant immediately prior to the date of the agreement on
pricing of such shares (or of such convertible securities) (the “Initial
Number”) shall be increased to the number obtained by multiplying the
Initial Number by a fraction (A) the numerator of which shall be the sum of (x)
the number of shares of Common Stock of the Company outstanding on such date
and (y) the number of additional shares of Common Stock issued (or into which
convertible securities may be exercised or convert) and (B) the denominator of
which shall be the sum of (I) the number of shares of Common Stock outstanding
on such date and (II) the number of shares of Common Stock which the aggregate
consideration receivable by the Company for the total number of shares of
Common Stock so issued (or into which convertible securities may be exercised
or convert) would purchase at the Market Price on the last trading day
preceding the date of the agreement on pricing such shares (or such convertible
securities); and

(B) the Exercise Price payable upon
exercise of the Warrant shall be adjusted by multiplying such Exercise Price in
effect immediately prior to the date of the agreement on pricing of such shares
(or of such convertible securities) by a fraction, the numerator of which shall
be the number of shares of Common Stock issuable upon exercise of this Warrant
prior to such date and the denominator of which shall be the number of shares
of Common Stock issuable upon exercise of this Warrant immediately after the
adjustment described in clause (A) above.

For purposes of the foregoing, the aggregate consideration
receivable by the Company in connection with the issuance of such shares of
Common Stock or convertible securities shall be deemed to be equal to the sum
of the net offering price (including the Fair Market Value of any non-cash
consideration and after deduction of any related expenses payable to third
parties) of all such securities plus the minimum aggregate amount, if any,
payable upon exercise or conversion of any such convertible securities into
shares of Common Stock; and “Permitted Transactions” shall mean
issuances (i) as consideration for or to fund the acquisition of businesses
and/or related assets, (ii) in connection with employee benefit plans and
compensation related arrangements in the ordinary course and consistent with
past practice approved by the Board of Directors, (iii) in connection with a
public or broadly marketed offering and sale of Common Stock or convertible
securities for cash conducted by the Company or its affiliates pursuant to
registration under the Securities Act or Rule 144A thereunder on a basis
consistent with capital raising transactions by comparable financial
institutions and (iv) in connection with the exercise of preemptive rights on
terms existing as of the Issue Date.  Any adjustment made pursuant to this
Section 13(B) shall become effective immediately upon the date of such
issuance.

	
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(C)       Other
Distributions. In case the Company shall fix a record date for the making
of a distribution to all holders of shares of its Common Stock of securities,
evidences of indebtedness, assets, cash, rights or warrants (excluding Ordinary
Cash Dividends, dividends of its Common Stock and other dividends or
distributions referred to in Section 13(A)), in each such case, the Exercise
Price in effect prior to such record date shall be reduced immediately
thereafter to the price determined by multiplying the Exercise Price in effect
immediately prior to the reduction by the quotient of (x) the Market Price of
the Common Stock on the last trading day preceding the first date on which the
Common Stock trades regular way on the principal national securities exchange
on which the Common Stock is listed or admitted to trading without the right to
receive such distribution, minus the amount of cash and/or the Fair Market
Value of the securities, evidences of indebtedness, assets, rights or warrants
to be so distributed in respect of one share of Common Stock (such amount
and/or Fair Market Value, the “Per Share Fair Market Value”) divided by
(y) such Market Price on such date specified in clause (x); such adjustment
shall be made successively whenever such a record date is fixed.  In such
event, the number of Shares issuable upon the exercise of this Warrant shall be
increased to the number obtained by dividing (x) the product of (1) the number
of Shares issuable upon the exercise of this Warrant before such adjustment,
and (2) the Exercise Price in effect immediately prior to the distribution
giving rise to this adjustment by (y) the new Exercise Price determined in
accordance with the immediately preceding sentence.  In the case of adjustment
for a cash dividend that is, or is coincident with, a regular quarterly cash
dividend, the Per Share Fair Market Value would be reduced by the per share
amount of the portion of the cash dividend that would constitute an Ordinary
Cash Dividend. In the event that such distribution is not so made, the Exercise
Price and the number of Shares issuable upon exercise of this Warrant then in
effect shall be readjusted, effective as of the date when the Board of
Directors determines not to distribute such shares, evidences of indebtedness,
assets, rights, cash or warrants, as the case may be, to the Exercise Price
that would then be in effect and the number of Shares that would then be
issuable upon exercise of this Warrant if such record date had not been fixed.

(D)       Certain
Repurchases of Common Stock. In case the Company effects a Pro Rata
Repurchase of Common Stock, then the Exercise Price shall be reduced to the
price determined by multiplying the Exercise Price in effect immediately prior
to the Effective Date of such Pro Rata Repurchase by a fraction of which the
numerator shall be (i) the product of (x) the number of shares of Common Stock
outstanding immediately before such Pro Rata Repurchase and (y) the Market
Price of a share of Common Stock on the trading day immediately preceding the
first public announcement by the Company or any of its Affiliates of the intent
to effect such Pro Rata Repurchase, minus (ii) the aggregate purchase price of
the Pro Rata Repurchase, and of which the denominator shall be the product of
(i) the number of shares of Common Stock outstanding immediately prior to such
Pro Rata Repurchase minus the number of shares of Common Stock so repurchased
and (ii) the Market Price per share of Common Stock on the trading day
immediately preceding the first public announcement by the Company or any of
its Affiliates of the intent to effect such Pro Rata Repurchase.  In such event,
the number of shares of Common Stock issuable upon the exercise of this Warrant
shall be increased to the number obtained by dividing (x) the product of (1)
the number of Shares issuable upon the exercise of this Warrant before such
adjustment, and (2) the Exercise Price in effect immediately prior to the Pro
Rata Repurchase giving rise to this adjustment by (y) the new Exercise Price
determined in accordance with the immediately preceding sentence.  For the
avoidance of doubt, no increase to the Exercise Price or decrease in the number
of Shares issuable upon exercise of this Warrant shall be made pursuant to this
Section 13(D).

	
  10

  

UST Sequence No. 701

 

(E)       Business
Combinations. In case of any Business Combination or reclassification of
Common Stock (other than a reclassification of Common Stock referred to in
Section 13(A)), the Warrantholder’s right to receive Shares upon exercise of
this Warrant shall be converted into the right to exercise this Warrant to
acquire the number of shares of stock or other securities or property (including
cash) which the Common Stock issuable (at the time of such Business Combination
or reclassification) upon exercise of this Warrant immediately prior to such
Business Combination or reclassification would have been entitled to receive
upon consummation of such Business Combination or reclassification; and in any
such case, if necessary, the provisions set forth herein with respect to the
rights and interests thereafter of the Warrantholder shall be appropriately
adjusted so as to be applicable, as nearly as may reasonably be, to the
Warrantholder’s right to exercise this Warrant in exchange for any shares of
stock or other securities or property pursuant to this paragraph.  In
determining the kind and amount of stock, securities or the property receivable
upon exercise of this Warrant following the consummation of such Business
Combination, if the holders of Common Stock have the right to elect the kind or
amount of consideration receivable upon consummation of such Business
Combination, then the consideration that the Warrantholder shall be entitled to
receive upon exercise shall be deemed to be the types and amounts of
consideration received by the majority of all holders of the shares of common
stock that affirmatively make an election (or of all such holders if none make
an election).

(F)       Rounding
of Calculations; Minimum Adjustments. All calculations under this Section
13 shall be made to the nearest one-tenth (1/10th) of a cent or to the nearest
one-hundredth (1/100th) of a share, as the case may be.  Any provision of this
Section 13 to the contrary notwithstanding, no adjustment in the Exercise Price
or the number of Shares into which this Warrant is exercisable shall be made if
the amount of such adjustment would be less than $0.01 or one-tenth (1/10th) of
a share of Common Stock, but any such amount shall be carried forward and an
adjustment with respect thereto shall be made at the time of and together with
any subsequent adjustment which, together with such amount and any other amount
or amounts so carried forward, shall aggregate $0.01 or 1/10th of a share of
Common Stock, or more.

(G)       Timing
of Issuance of Additional Common Stock Upon Certain Adjustments. In any
case in which the provisions of this Section 13 shall require that an
adjustment shall become effective immediately after a record date for an event,
the Company may defer until the occurrence of such event (i) issuing to the
Warrantholder of this Warrant exercised after such record date and before the
occurrence of such event the additional shares of Common Stock issuable upon
such exercise by reason of the adjustment required by such event over and above
the shares of Common Stock issuable upon such exercise before giving effect to
such adjustment and (ii) paying to such Warrantholder any amount of cash in
lieu of a fractional share of Common Stock; provided, however,
that the Company upon request shall deliver to such Warrantholder a due bill or
other appropriate instrument evidencing such Warrantholder’s right to receive
such additional shares, and such cash, upon the occurrence of the event
requiring such adjustment.

	
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(H)       Completion
of Qualified Equity Offering. In the event the Company (or any successor by
Business Combination) completes one or more Qualified Equity Offerings on or prior
to December 31, 2009 that result in the Company (or any such successor )
receiving aggregate gross proceeds of not less than 100% of the aggregate
liquidation preference of the Preferred Shares (and any preferred stock issued
by any such successor to the Original Warrantholder under the CPP), the number
of shares of Common Stock underlying the portion of this Warrant then held by
the Original Warrantholder shall be thereafter reduced by a number of shares of
Common Stock equal to the product of (i) 0.5 and (ii) the number of shares
underlying the Warrant on the Issue Date (adjusted to take into account all
other theretofore made adjustments pursuant to this Section 13).

(I)        Other
Events. For so long as the Original Warrantholder holds this Warrant or any
portion thereof, if any event occurs as to which the provisions of this Section
13 are not strictly applicable or, if strictly applicable, would not, in the
good faith judgment of the Board of Directors of the Company, fairly and
adequately protect the purchase rights of the Warrants in accordance with the
essential intent and principles of such provisions, then the Board of Directors
shall make such adjustments in the application of such provisions, in
accordance with such essential intent and principles, as shall be reasonably
necessary, in the good faith opinion of the Board of Directors, to protect such
purchase rights as aforesaid.  The Exercise Price or the number of Shares into
which this Warrant is exercisable shall not be adjusted in the event of a
change in the par value of the Common Stock or a change in the jurisdiction of
incorporation of the Company.

(J)        Statement
Regarding Adjustments. Whenever the Exercise Price or the number of Shares
into which this Warrant is exercisable shall be adjusted as provided in Section
13, the Company shall forthwith file at the principal office of the Company a
statement showing in reasonable detail the facts requiring such adjustment and
the Exercise Price that shall be in effect and the number of Shares into which
this Warrant shall be exercisable after such adjustment, and the Company shall
also cause a copy of such statement to be sent by mail, first class postage
prepaid, to each Warrantholder at the address appearing in the Company’s
records.

(K)       Notice
of Adjustment Event. In the event that the Company shall propose to take
any action of the type described in this Section 13 (but only if the action of
the type described in this Section 13 would result in an adjustment in the
Exercise Price or the number of Shares into which this Warrant is exercisable
or a change in the type of securities or property to be delivered upon exercise
of this Warrant), the Company shall give notice to the Warrantholder, in the
manner set forth in Section 13(J), which notice shall specify the record date,
if any, with respect to any such action and the approximate date on which such
action is to take place.  Such notice shall also set forth the facts with
respect thereto as shall be reasonably necessary to indicate the effect on the
Exercise Price and the number, kind or class of shares or other securities or
property which shall be deliverable upon exercise of this Warrant.  In the case
of any action which would require the fixing of a record date, such notice
shall be given at least 10 days prior to the date so fixed, and in case of all
other action, such notice shall be given at least 15 days prior to the taking
of such proposed action. Failure to give such notice, or any defect therein,
shall not affect the legality or validity of any such action.

(L)       Proceedings
Prior to Any Action Requiring Adjustment. As a condition precedent to the
taking of any action which would require an adjustment pursuant to this Section
13, the Company shall take any action which may be necessary, including
obtaining regulatory, New York Stock Exchange, NASDAQ Stock Market or other
applicable national securities exchange or stockholder approvals or exemptions,
in order that the Company may thereafter validly and legally issue as fully
paid and nonassessable all shares of Common Stock that the Warrantholder is
entitled to receive upon exercise of this Warrant pursuant to this Section 13.

	
  12

  

UST Sequence No. 701

 

(M)      Adjustment
Rules. Any adjustments pursuant to this Section 13 shall be made
successively whenever an event referred to herein shall occur.  If an
adjustment in Exercise Price made hereunder would reduce the Exercise Price to
an amount below par value of the Common Stock, then such adjustment in Exercise
Price made hereunder shall reduce the Exercise Price to the par value of the
Common Stock.

14.       Exchange.
At any time following the date on which the shares of Common Stock of the
Company are no longer listed or admitted to trading on a national securities
exchange (other than in connection with any Business Combination), the Original
Warrantholder may cause the Company to exchange all or a portion of this
Warrant for an economic interest (to be determined by the Original
Warrantholder after consultation with the Company) of the Company classified as
permanent equity under U.S. GAAP having a value equal to the Fair Market Value
of the portion of the Warrant so exchanged.  The Original Warrantholder shall
calculate any Fair Market Value required to be calculated pursuant to this
Section 14, which shall not be subject to the Appraisal Procedure.

15.       No
Impairment. The Company will not, by amendment of its Charter or through
any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms to be observed or
performed hereunder by the Company, but will at all times in good faith assist
in the carrying out of all the provisions of this Warrant and in taking of all
such action as may be necessary or appropriate in order to protect the rights
of the Warrantholder.

16.       Governing
Law. This Warrant will be governed by and construed in accordance with
the federal law of the United States if and to the extent such law is
applicable, and otherwise in accordance with the laws of the State of New York
applicable to contracts made and to be performed entirely within such State.
Each of the Company and the Warrantholder agrees (a) to submit to the exclusive
jurisdiction and venue of the United States District Court for the District of
Columbia for any civil action, suit or proceeding arising out of or relating to
this Warrant or the transactions contemplated hereby, and (b) that notice may
be served upon the Company at the address in Section 20 below and upon the
Warrantholder at the address for the Warrantholder set forth in the registry
maintained by the Company pursuant to Section 9 hereof.  To the extent
permitted by applicable law, each of the Company and the Warrantholder hereby
unconditionally waives trial by jury in any civil legal action or proceeding
relating to the Warrant or the transactions contemplated hereby or thereby.

17.       Binding
Effect. This Warrant shall be binding upon any successors or assigns of the
Company.

18.       Amendments.
This Warrant may be amended and the observance of any term of this Warrant may
be waived only with the written consent of the Company and the Warrantholder.

	
  13

  

UST Sequence No. 701

 

19.       Prohibited Actions. The Company agrees
that it will not take any action which would entitle the Warrantholder to an
adjustment of the Exercise Price if the total number of shares of Common Stock
issuable after such action upon exercise of this Warrant, together with all
shares of Common Stock then outstanding and all shares of Common Stock then
issuable upon the exercise of all outstanding options, warrants, conversion and
other rights, would exceed the total number of shares of Common Stock then
authorized by its Charter.

20.       Notices.
Any notice, request, instruction or other document to be given hereunder by any
party to the other will be in writing and will be deemed to have been duly
given (a) on the date of delivery if delivered personally, or by facsimile,
upon confirmation of receipt, or (b) on the second business day following the
date of dispatch if delivered by a recognized next day courier service. All
notices hereunder shall be delivered as set forth in Item 8 of Schedule A
hereto, or pursuant to such other instructions as may be designated in writing
by the party to receive such notice.

21.       Entire
Agreement. This Warrant, the forms attached hereto and Schedule A hereto
(the terms of which are incorporated by reference herein), and the Letter
Agreement (including all documents incorporated therein), contain the entire
agreement between the parties with respect to the subject matter hereof and
supersede all prior and contemporaneous arrangements or undertakings with
respect thereto.

[Remainder of page intentionally left
blank]

 

	
  14

  

UST Sequence No. 701

 

[Form of Notice of Exercise]

 

Date: _________

TO:      Southern
First Bancshares, Inc.

RE:      Election
to Purchase Common Stock

The
undersigned, pursuant to the provisions set forth in the attached Warrant,
hereby agrees to subscribe for and purchase the number of shares of the Common
Stock set forth below covered by such Warrant.  The undersigned, in accordance
with Section 3 of the Warrant, hereby agrees to pay the aggregate Exercise
Price for such shares of Common Stock in the manner set forth below. A new
warrant evidencing the remaining shares of Common Stock covered by such
Warrant, but not yet subscribed for and purchased, if any, should be issued in
the name set forth below.

Number of Shares of Common Stock                                                             

Method
of Payment of Exercise Price (note if cashless exercise pursuant to Section
3(i) of the Warrant or cash exercise pursuant to Section 3(ii) of the Warrant,
with consent of the Company and the Warrantholder)                                                               

Aggregate Exercise Price:                                                                               

Holder:                                                            

By:                                                                  

Name:                                                              

Title:
                                                               

	
  15

  

UST Sequence No. 701

 

IN WITNESS
WHEREOF, the Company has caused this Warrant to be duly executed by a duly
authorized officer. 

 

Dated: February 27, 2009 

 

                COMPANY:  SOUTHERN
FIRST BANCSHARES, INC.

 

 

      By:      /s/ James M.
Austin, III                       

      Name: James M. Austin, III

      Title:   Chief Financial
Officer

 

 

 

    Attest:

 

 

        By:      /s/ Julie
Fairchild                                 

        Name: Julie Fairchild

        Title:   Controller

 

[Signature Page to Warrant]

 

	
  16

  

UST Sequence No. 701

 

Warrant - SCHEDULE A

 

Item
1 

Name:
Southern First Bancshares, Inc.

Corporate
or other organizational form: Corporation

Jurisdiction
of organization: South Carolina

 

Item
2

Exercise
Price: $7.85

 

Item
3 

Issue
Date: February 27, 2009

 

Item
4

Amount
of last dividend declared prior to the Issue Date: Southern First has not
declared cash dividends to its shareholders. 

 

Item
5

 

Date
of Letter Agreement between the Company and the United States Department of the
Treasury: February 27, 2009

 

Item
6

Number
of shares of Common Stock: 330,554

 

Item
7

Company’s
address:    100 Verdae Boulevard, Suite 100

Greenville, South Carolina 29607

 

Item 8

Notice
information:       James M. Austin, III

                                    Chief
Financial Officer

                                    Southern
First Bancshares, Inc.

                                    100
Verdae Boulevard, Suite 100

Greenville, South Carolina 29607

(864) 679-9070

 

With a Copy to:

 

John M. Jennings

Nelson Mullins Riley & Scarborough
LLP

104 South Main Street, Suite 900

Greenville, South Carolina 29601

(864) 250-2207

	
   17

  

UST Sequence No. 701

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