Document:

EX-4.20

 EXHIBIT 4.20 

ASSET PURCHASE AGREEMENT 

This ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of April 17, 2017, is entered into by and between Capital One
Bank (USA), National Association, a national banking association (“Capital One”), and Synovus Bank, a Georgia state member bank (“Synovus”). 

WITNESSETH 
 WHEREAS,
Capital One establishes programs to extend credit via co-branded credit cards to qualified customers for the purchase of goods and services. 

WHEREAS, at the Subsequent Closing, Synovus desires to sell, convey, assign and transfer to Capital One, and Capital One desires to acquire
and assume from Synovus, the Subsequent Closing Acquired Assets and the Subsequent Closing Assumed Liabilities. 
 WHEREAS, concurrently
with entry into this Agreement, Capital One and Synovus are entering into that certain Framework Agreement, dated as of the date hereof (as it may be amended, supplemented or restated from time to time, the “Framework Agreement”),
by and among Cabela’s Incorporated, a Delaware corporation (“Parent”), World’s Foremost Bank, a Nebraska banking corporation (“Seller”), Synovus, Capital One, and solely for the purposes specified in the
preamble thereto, Capital One, National Association, a national banking association (“CONA”). 
 NOW, THEREFORE, for and in
consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the receipt, adequacy and legal sufficiency of which are hereby acknowledged, the parties do hereby agree as follows: 

1.    Capitalized Terms. Capitalized terms used but not defined in this Agreement shall have the meanings for such
terms that are set forth in the Framework Agreement. 
 2.    Assignment. On the terms and subject to the
conditions of the Framework Agreement, including the applicable party having received at the Subsequent Closing each of the deliverables set forth (or referenced) in Section 4 of this Agreement, at the Subsequent Closing, Synovus sells,
conveys, assigns and transfers to Capital One, all of Synovus’s right, title and interest in, to and under the Subsequent Closing Acquired Assets. For the avoidance of doubt, (i) such sale, conveyance, assignment and transfer shall not
occur until the Subsequent Closing and (ii) Synovus will retain and not sell, convey, assign or transfer to Capital One any of the Synovus Retained Assets. Synovus is transferring the Subsequent Closing Acquired Assets and Subsequent Closing
Assumed Liabilities to Capital One without recourse to Synovus and without any representations or warranties, express or implied, of Synovus with respect thereto other than the representations and warranties of Synovus expressly set forth in the
Framework Agreement. 
 3.    Assumption. On the terms and subject to the conditions of the Framework Agreement,
including the applicable party having received at the Subsequent Closing each of the deliverables set forth (or referenced) in Section 4 of this Agreement, at the Subsequent Closing, Capital One accepts the foregoing assignment and assumes and
agrees to pay, perform, fulfill and discharge when due, the Subsequent Closing Assumed Liabilities,. For the avoidance of 

 
doubt, (i) such assumption shall not occur until the Subsequent Closing and (ii) Capital One is not assuming or agreeing to pay, perform, fulfill or discharge when due, and Synovus
shall retain, all Synovus Retained Liabilities. 
 4.     Subsequent Closing Deliverables. 

(a)    At the Subsequent Closing, Synovus shall have delivered or cause to be delivered to Capital One: 

(i)    the Accountholder Master File, the Accountholder List and the Account Documentation; 

(ii)    financing statements naming Synovus as debtor and Capital One as secured party, prepared by Capital One, as
described in Section 5.1(b) of the Framework Agreement; 
 (iii)    an affidavit stating, under penalty of
perjury, Synovus’s United States taxpayer identification number and that Synovus is not a foreign person, pursuant to Section 1445(b)(2) of the Code, substantially in the form of Exhibit B-3 to
the Framework agreement; and 
 (iv)    a certificate, signed by a senior officer of Synovus and dated the Closing
Date, to the effect that the conditions specified in Sections 6.1(a)(iii), 6.1(a)(iv) and 6.1(b) (with respect to Synovus) of the Framework Agreement have been satisfied. 

(b)    At the Subsequent Closing, Capital One shall have delivered or cause to be delivered to Synovus: 

(i)    a certificate, signed by a senior officer of Capital One and dated the Closing Date, to the effect that the
conditions specified in Sections 6.3(a)(i) and 6.3(b) (with respect to Capital One) of the Framework Agreement have been satisfied; and 

(ii)    without prejudice to Section 3.4(c) of the Framework Agreement, an amount in cash equal to the Subsequent
Closing Purchase Price set forth in the Valuation Statement (as such statement may be revised pursuant to Section 3.3(b) of the Framework Agreement) by a wire transfer of immediately available U.S. dollars to an account designated in writing by
Synovus no later than two (2) Business Days prior to the Closing Date. 
 5.    True Sale. The parties
intend that the transfer of the Subsequent Closing Acquired Assets contemplated by the Framework Agreement and hereby shall be treated as a purchase and sale of the Subsequent Closing Acquired Assets and not a loan secured by the Subsequent Closing
Acquired Assets. Upon Capital One’s purchase of the Subsequent Closing Acquired Assets, all of Synovus’s right, title and interest therein shall be transferred to Capital One as provided in Article II of the Framework Agreement and
Section 2 hereof. Notwithstanding anything to the contrary set forth in Article II of the Framework Agreement, if a Governmental Authority determines that any transaction provided for in the Framework Agreement and herein constitutes a loan and
not a sale, then the parties intend that the Framework Agreement and this Agreement shall constitute a security agreement under applicable Law and Synovus shall be 

  
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deemed to have granted and does hereby grant to Capital One a first priority security interest in and to all of Synovus’s right to and interest in, to and under, whether now existing or
hereafter created or acquired, the Subsequent Closing Acquired Assets and proceeds thereof to secure a loan deemed to have been made by Capital One to Synovus in an amount equal to the applicable purchase price payable hereunder. 

6.    Framework Agreement. This Agreement shall terminate automatically upon the termination of the Framework
Agreement and be null and void. This Agreement is made without representation or warranty, except as and to the extent provided in the Framework Agreement. In the event of any conflict or other difference between the Framework Agreement and this
Agreement, the provisions of the Framework Agreement shall control. 
 7.    Notices. All notices or other
communications required or permitted hereunder shall be in writing and shall be deemed to have been duly given (a) when delivered if delivered in person or sent if sent by email or facsimile transmission (provided that confirmation of receipt
of the email or facsimile transmission is obtained, as applicable), (b) on the fifth (5th) Business Day after dispatch by registered or certified mail or (c) on the next Business Day if transmitted by national overnight courier, in each case as
follows (or at such other address for a party as shall be specified by like notice): 
 If to
Synovus:                          Synovus Bank 

1111 Bay Avenue, Suite 501 

Columbus, GA 31901 
 Attention:
Allan Kamensky 
 Facsimile: (706) 649-4699 

Email: akamensky@synovus.com 

With a copy
to:                        Alston & Bird LLP 

One Atlantic Center 
 1201 W.
Peachtree St. 
 Atlanta, Georgia 30309 

Attention: Mark C. Kanaly 

Facsimile: (404) 253-8390 

Email: mark.kanaly@alston.com 

If to Capital One:                    c/o
Capital One Bank (USA), National Association 
 1680 Capital One Drive 

McLean, Virginia 22102 

Attention: Murray Abrams, Executive Vice President, 

Corporate Development 
 With a
copy to:                        Capital One Bank (USA), National Association 

1680 Capital One Drive 
 McLean,
Virginia 22102 
 Attention: Shahin Rezai, Senior Vice President and Chief 

Counsel – Transactions 

  
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 With a copy
to:                        Wachtell, Lipton, Rosen & Katz 

51 W. 52nd Street 

New York, New York 10019 

Attention: Matthew M. Guest, Esq. 

                  Brandon C. Price, Esq. 

Facsimile: (212) 403-2000 

Email:       MGuest@wlrk.com 

                  BCPrice@wlrk.com 

8.    Assignment. This Agreement will be binding upon and inure to the benefit of and be enforceable by the
respective successors and permitted assigns of the parties. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned or transferred, in whole or in part, by operation of Law or otherwise by
any of the parties hereto without the prior written consent of the other parties to the Framework Agreement; except that no such consent shall be required for any assignment of this Agreement, by operation of Law or otherwise to the surviving
corporation in the Merger, as a result of the consummation of the transactions contemplated by the Merger Agreement; provided that this Agreement and each of the Ancillary Agreements shall be assigned by operation of law by Parent to the surviving
corporation in the Merger and shall be binding on such surviving corporation and its successors and assigns; provided, further that in the event that this Agreement is not assigned by operation of law upon the sale of Parent or all or substantially
all of its assets to Retail Buyer though a series of one or more related transactions (whether pursuant to the Merger Agreement or otherwise), Parent shall assign this Agreement and all of its continuing rights and obligations hereunder to Retail
Buyer and Retail Buyer shall expressly assume all of the obligations of Parent hereunder; provided, further, that Capital One may assign any or all rights and obligations under this Agreement to purchase any of the Capital One Acquired Assets or
assume any of the Capital One Assumed Liabilities to any of its Affiliates upon prior written notice to Parent and Synovus if doing so will not require any approvals from any Governmental Authority or other Person to be obtained prior to the date
that the Closing would otherwise occur and will not delay, impair or prevent the Closing or the Subsequent Closing from occurring on the date that the Closing and the Subsequent Closing would otherwise occur; provided, further, that no such
assignment shall release Capital One from any liability under this Agreement. Any assignment or transfer in violation of the preceding sentence shall be void. 

9.    Entire Agreement. This Agreement (together with the exhibits and schedules to this Agreement), the Ancillary
Agreements, the Framework Agreement and the Securitization Transfer Agreement collectively, constitute the entire agreement between the parties and supersede the Original Agreement and any other agreement, whether written or oral, that may have been
made or entered into by Seller, Synovus and Capital One (or by any officer or officers of any of such parties) relating to the matters contemplated hereby, including that certain letter agreement dated January 28, 2017 between Synovus and CONA
(as amended by the Framework Agreement). 
 10.    Amendments and Waivers. Without prejudice to Section 9.4
of the Framework Agreement, this Agreement may be amended, modified, superseded or canceled, and any of the terms, representations, warranties or covenants hereof may be waived, only by written instrument executed by each of the parties hereto, or,
in the case of a waiver, by the party 

  
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waiving compliance. In the course of the planning and coordination of this Agreement, written documents have been exchanged between the parties. Such written documents shall not be deemed to
amend or supplement this Agreement. The failure of any party at any time or times to require performance of any provision hereof shall in no manner affect the right at a later time to enforce the same. No waiver by any party of any condition or of
any breach of any term, representation, warranty or covenant under this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be or construed as a further or continuing waiver of any other condition or of any
breach of any such condition or breach or waiver of any other condition or of any breach of any other term, representation, warranty or covenant under this Agreement. 

11.    Expenses. The parties will each bear their own legal, accounting and other costs in connection with the
transactions contemplated hereby, including Taxes, if any, which are imposed upon a party attributable to its activities hereunder, except as otherwise specified in the Framework Agreement (including Section 5.18 thereof) or any Ancillary
Agreement. 
 12.    Counterparts. This Agreement may be executed in two or more counterparts, and by the
different parties hereto in separate counterparts, each of which when executed shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. The exchange of a fully executed Agreement (in counterparts
or otherwise) by facsimile or by electronic delivery in .pdf format shall be sufficient to bind the parties to the terms and conditions of this Agreement. 

13.    Governing Law; Jurisdiction. 

(a)    This Agreement shall be governed by, and construed in accordance with, the Laws of the State of Delaware, without
giving effect to the principles of conflicts of Law thereof that would require the application of the Laws of any other jurisdiction. 

(b)    Each of the parties irrevocably agrees that any legal action or proceeding arising out of or relating to this
Agreement brought by any other party or its successors or assigns shall be brought and determined in the Delaware Court of Chancery and any state appellate court therefrom within the State of Delaware (unless the Delaware Court of Chancery shall
decline to accept jurisdiction over a particular matter, in which case, in any Delaware state or federal court within the State of Delaware), and each of the parties hereby irrevocably submits to the exclusive jurisdiction of the aforesaid courts
for itself and with respect to its property, generally and unconditionally, with regard to any such action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. Each of the parties agrees not to commence
any action or proceeding relating thereto except in the courts in the State of Delaware, as described above, other than actions in any court of competent jurisdiction to enforce any judgment, decree or award rendered by any such court. Each of the
parties further agrees that notice as provided herein shall constitute sufficient service of process, and the parties further waive any argument that such service is insufficient. Each of the parties hereby irrevocably and unconditionally waives,
and agrees not to assert, by way of motion or as a defense, counterclaim or otherwise, in any action or proceeding arising out of or relating to this Agreement or the transactions contemplated hereby, (i) any claim that it is not personally
subject to the jurisdiction of the courts in the State of Delaware, as described above, for any reason, (ii) 

  
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that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to
judgment, attachment in aid of execution of judgment, execution of judgment or otherwise) and (iii) that (A) the action or proceeding in any such court is brought in an inconvenient forum, (B) the venue of such action or proceeding is
improper or (C) this Agreement, or the subject matter hereof, may not be enforced in or by such courts. 

(c)    EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE
COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE
TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER, (II) IT UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THE FOREGOING WAIVER, (III) IT MAKES THE FOREGOING WAIVER VOLUNTARILY, AND (IV) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 13(C). 
 14.    Severability. If any term or
other provision of this Agreement is invalid, illegal or incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party. 

15.    Specific Enforcement. 

(a)    The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were
not performed, or were threatened to be not performed, in accordance with their specific terms or were otherwise breached. Accordingly, the parties acknowledge and agree that the parties shall be entitled to an injunction, specific performance and
other equitable relief to prevent breaches or threatened breaches of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which they are entitled at law or in equity. 

(b)    Each of the parties agrees that, (i) the seeking of remedies pursuant to this Section 15 shall not in any
way constitute a waiver by any party seeking such remedies of its right to seek any other form of relief that may be available to it under the Framework Agreement, including under Section 8.2 thereof, in the event that the Framework Agreement
has been terminated or in the event that the remedies provided for in this Section 15 are not available or otherwise are not granted, (ii) nothing set forth in this Agreement shall require a party to institute any proceeding for (or limit
a party’s right to institute any proceeding for) specific performance under this Section 15 prior, or as a condition, to exercising any termination right under Article 

  
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VIII of the Framework Agreement (and pursuing damages after such termination), nor shall the commencement of any legal proceeding seeking remedies pursuant to this Section 15 or anything set
forth in this Section 15 restrict or limit a party’s right to terminate this Agreement in accordance with the terms of Article VIII of the Framework Agreement or pursue any other remedies under the Framework Agreement that may be available
then or thereafter and (iii) no party shall be required to post any bond or other security as a condition to institute any proceeding for specific performance under this Section 15. 

16.    No Joint Venture. Nothing in this Agreement shall be deemed to create a partnership or joint venture between
any of the parties hereto. 
 17.    No Third-Party Rights.
Nothing in this Agreement shall create or be deemed to create any third-party beneficiary rights in any Person not a party to this Agreement. 

[Signature Page Follows] 

  
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 IN WITNESS WHEREOF, Synovus and Capital One have executed this Agreement as of the date first
above written. 
  

							
	SYNOVUS:	 		 	SYNOVUS BANK
				
		 		 	By:	 	 /s/ Allan E. Kamensky

		 		 	Name:	 	Allan E. Kamensky
		 		 	Title:	 	Executive Vice President, General Counsel and Secretary
			
	CAPITAL ONE:	 		 	CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION
				
		 		 	By:	 	 /s/ Richard D. Fairbank

		 		 	Name:	 	Richard D. Fairbank
		 		 	Title:	 	Chief Executive Officer

  
 -8-EX-10.1

 Exhibit 10.1 

March 27, 2018 
 Capital One Services, LLC 

1680 Capital One Drive 
 McLean, Virginia 22102 

 

	Re:	Subservicing Agreement (the “Subservicing Agreement”) 

 Ladies and Gentlemen: 

Capital One Bank (USA), National Association (“COBNA”) has agreed to act as the Servicer (the “Servicer”) under the Third Amended and
Restated Pooling and Servicing Agreement, dated as of June 14, 2016 (as the same has been, and may in the future be, amended, supplemented or otherwise modified, the “Pooling and Servicing Agreement”), by and among COBNA (as successor
in interest to World’s Foremost Bank), WFB Funding, LLC, as Transferor (the “Transferor”), and U.S. Bank National Association, as the Trustee (the “Trustee”). Capitalized terms used herein but not defined have the meanings
given in the Pooling and Servicing Agreement. For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

As of the date hereof, the Servicer hereby appoints Capital One Services, LLC (“COSL”), as subservicer (the “Subservicer”) to service and
administer the Receivables. COSL hereby agrees to service and administer the Receivables in accordance with the terms of the Pooling and Servicing Agreement and hereby accepts the duties and obligations of the Servicer under the Pooling and
Servicing Agreement. 
 The Subservicer shall remit, or cause to be remitted, all Collections it receives or which are remitted to an account of COSL not
later than two (2) Business Days after receipt, to the Collection Account. 
 The Subservicer hereby agrees to service and administer the Receivables
in accordance with this Subservicing Agreement and in accordance with the standards applicable to the Servicer under the Pooling and Servicing Agreement. The Subservicer shall have full power and authority, acting alone, to do any and all things in
connection with such servicing and administration that the Servicer may do under the Pooling and Servicing Agreement and as it may deem necessary or desirable and, subject to the foregoing and the provisions of the Pooling and Servicing Agreement,
to execute and deliver in the Subservicer’s own name on behalf of the Servicer, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to each
Receivable and its related Account. 
 As of the date hereof, the Subservicer represents and warrants that COSL is a Delaware limited liability company,
duly organized, validly existing and in good standing under the laws of the State of Delaware and has all power and all material governmental licenses, authorizations, consents and approvals required to carry on its business in each jurisdiction
which its business is now conducted and to enter into and perform this Subservicing Agreement. 
 Notwithstanding the delegation of servicing set forth in
this Subservicing Agreement, the Servicer hereby acknowledges that such delegation shall not relieve the Servicer of its 

 
duties under the Pooling and Servicing Agreement and that the Servicer shall remain obligated and liable to the Transferor and the Trustee for its duties under the Pooling and Servicing Agreement
as if the Servicer alone were performing such duties. 
 COSL hereby agrees that COBNA may, at its sole discretion, at any time and from time to time,
terminate COSL as Subservicer or terminate any or all of the Subservicer’s duties in whole or in part. 
 THIS SUBSERVICING AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICTS OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

This Subservicing Agreement 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. 
 Each of the parties hereto hereby irrevocably and unconditionally: 

(a) submits for itself and its property in any legal action or proceeding relating to this Subservicing Agreement or any documents executed
and delivered in connection herewith, or for recognition and enforcement of any judgment in respect thereof, to the nonexclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern
District of New York and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such courts
and waives any objection that it may now or hereafter have to the venue of such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 

(c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid (i) in the case of the Servicer, to it at 1680 Capital One Drive, McLean, Virginia 22102 and (ii) in the case of the Subservicer, to it at 1680 Capital One Drive, McLean,
Virginia 22102; and 
 (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by
law or shall limit the right to sue in any other jurisdiction. 
 This Subservicing Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and permitted assigns. This Subservicing Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such
time as the parties hereto shall agree. 
 The Trustee and its successors and permitted assigns shall be third party beneficiaries to this Subservicing
Agreement entitled to enforce the provisions hereof as if a party hereto. Except as otherwise provided in the previous sentence, no Person other than COBNA or COSL will have any right hereunder. 

 By signing below, COSL confirms its acceptance of the terms of this agreement as of the date first above written.

  

			
	Very truly yours,
	
	CAPITAL ONE BANK (USA), NATIONAL ASSOCIATION
		
	By:	 	 /s/ Daniel H. Rosen

	Name:	 	Daniel H. Rosen
	Title:	 	Managing Vice President, Treasury
	
	 AGREED AND ACCEPTED
 as of the date
first above written:

	
	CAPITAL ONE SERVICES, LLC
		
	By:	 	 /s/ Thomas A. Feil

	Name:	 	Thomas A. Feil
	Title:	 	Treasurer

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