Document:

EX-4.2

 Exhibit 4.2 

EXECUTION COPY 
 CHASE ISSUANCE
TRUST 
 as Issuing Entity 
 and

 WELLS FARGO BANK, NATIONAL ASSOCIATION 

as Indenture Trustee and Collateral Agent 
  

 
 THIRD AMENDED
AND RESTATED 
 ASSET POOL ONE SUPPLEMENT 

dated as of January 20, 2016 

to 
 FOURTH AMENDED AND RESTATED

 INDENTURE 
 dated as of
January 20, 2016 

 TABLE OF CONTENTS 
  

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

  
 i 

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

  
 ii 

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

  
 iii 

 EXHIBITS 
  

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

  

  
 iv 

 This THIRD AMENDED AND RESTATED ASSET POOL ONE SUPPLEMENT (the “Asset
Pool One Supplement”) to the Fourth Amended and Restated Indenture, dated as of January 20, 2016 (the “Indenture”), by and between CHASE ISSUANCE TRUST, a statutory trust organized under the laws of the State of
Delaware (the “Issuing Entity” or the “Trust”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association (“Wells Fargo”), as Indenture Trustee (in such capacity, the
“Indenture Trustee”), is made and entered into as of January 20, 2016, by and among the Issuing Entity, the Indenture Trustee and Wells Fargo, as collateral agent (in such capacity, the “Collateral Agent”), for
the benefit of the parties listed in the Granting Clause of this Asset Pool One Supplement. 
 All things necessary to make
this Asset Pool One Supplement a valid agreement of the Issuing Entity, in accordance with its terms, have been done. 
 RECITALS 

WHEREAS, the parties hereto have heretofore executed and delivered an Asset Pool One Supplement, dated as of May 1, 2002
(as amended, supplemented or otherwise modified, the “Original Asset Pool One Supplement”); 
 WHEREAS,
the parties hereto have executed and delivered an Amended and Restated Asset Pool One Supplement, dated as of October 15, 2004 (as amended, supplemented or otherwise modified, the “Amended and Restated Asset Pool One
Supplement”); 
 WHEREAS, the parties hereto have executed and delivered a Second Amended and Restated Asset Pool
One Supplement, dated as of December 19, 2007 (as amended, supplemented or otherwise modified, the “Second Amended and Restated Asset Pool One Supplement”); 

WHEREAS, the parties hereto desire to amend and restate the Second Amended and Restated Asset Pool One Supplement to read in
its entirety as set forth below; and 
 WHEREAS, all conditions precedent to the execution of this Asset Pool One
Supplement have been complied with. 
 NOW, THEREFORE, the parties hereto hereby agree that effective on and as of the date
hereof, the Second Amended and Restated Asset Pool One Supplement is hereby amended and restated in its entirety as follows: 
 GRANTING
CLAUSE 
 The Issuing Entity hereby grants to the Collateral Agent (the “Secured Party”) for the benefit
and security of the following: (a) the Asset Pool One Noteholders, (b) the Indenture Trustee, in its individual capacity and (c) the Collateral Agent, in its individual capacity, a security interest in all of its right, title and
interest, whether now owned or hereafter acquired, in and to the following: 

(i)        each Asset Pool One Collateral Certificate; 

  
 1 

 (ii)        all Asset Pool One
Receivables; 
 (iii)        the Excess Funding Account established for Asset Pool
One; 
 (iv)        the Collection Account established for Asset Pool One; 

(v)        each Supplemental Bank Account (including all Sub-Accounts thereof)
established from time to time for Asset Pool One; 
 (vi)        all Permitted
Investments and all investment property, money and other property held in or through the Collection Account, the Excess Funding Account or any other Supplemental Bank Account and including any Sub-Accounts therein; 

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

(viii)        all rights, benefits and powers under any Supplemental Credit
Enhancement Agreement or Supplemental Liquidity Agreement; 
 (ix)        all
rights, benefits and powers under the Transfer and Servicing Agreement and the Receivables Purchase Agreement with respect to the Asset Pool One Collateral Certificates and the Asset Pool One Receivables; 

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

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

(xii)        all proceeds of the foregoing. 

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

  
 2 

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

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

ARTICLE I 
 DEFINITIONS AND OTHER
PROVISIONS OF GENERAL APPLICATION 
 Section 1.1        Definitions. For all
purposes of this Asset Pool One Supplement, except as otherwise expressly provided or unless the context otherwise requires: 

(a)        the terms defined in this Article have the meanings assigned to them in
this Article, and, along with any other term defined in any Section of this Asset Pool One Supplement, include the plural as well as the singular; 

(b)        all other terms used herein which are defined in the Indenture, the
applicable Indenture Supplement or the Transfer and Servicing Agreement, either directly or by reference therein, have the meanings assigned to them therein; 

(c)        as used in this Asset Pool One Supplement and in any certificate or other
document made or delivered pursuant hereto or thereto, accounting terms not defined in this Asset Pool One Supplement or in any such certificate or other document, and accounting terms partly defined in this Asset Pool One Supplement or in any such
certificate or other document to the extent not defined, shall have the respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Asset Pool One Supplement or in any such certificate or other
document are inconsistent with the meanings of such terms under GAAP, the definitions contained in this Asset Pool One Supplement or in any such certificate or other document shall control; 

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

  
 3 

 (e)        in the event that any term or
provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture, the applicable Indenture Supplement or the Transfer and Servicing Agreement, the terms and provisions of this Asset Pool One
Supplement shall be controlling; 
 (f)        each capitalized term defined herein
shall relate only to the Asset Pool One Notes and no other notes issued by the Issuing Entity; and 

(g)        whenever used in this Asset Pool One Supplement, the following words and
phrases shall have the following meanings, and the definitions of such terms and phrases are applicable to the singular as well as the plural forms of such terms and to the masculine as well as to the feminine and the neuter genders of such terms:

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

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

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

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

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

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

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

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

  
 4 

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

“Asset Pool One” means the Collateral granted to the Collateral Agent pursuant to this Asset Pool One
Supplement. 
 “Asset Pool One Accounts” means the Initial Asset Pool One Accounts and the Accounts that
have been designated by the Issuing Entity, pursuant to Section 2.4, to have their Receivables included in Asset Pool One; provided, however, that Removed Asset Pool One Accounts shall not be Asset Pool One Accounts on or after
the related Removal Date. 
 “Asset Pool One Average Principal Balance” means, with respect to Asset Pool
One, (a) for any Monthly Period in which no Addition Date, Removal Date or Discount Option Date occurs, the Asset Pool One Principal Receivables as of the close of business on the last day of the prior Monthly Period and (b) for any
Monthly Period in which one or more Addition Dates, Removal Dates or Discount Option Dates occurs, the sum of: 

(i)        the product of (x) the Asset Pool One Principal
Receivables as of the close of business on the last day of the prior Monthly Period and (y) a fraction, (A) the numerator of which is the number of days from and including the first day of such Monthly Period to but excluding the initial
Addition Date, Removal Date or Discount Option Date, as the case may be, in such Monthly Period and (B) the denominator of which is the number of days in such Monthly Period; and 

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

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

  
 5 

 “Asset Pool One Collateral Certificate” means each Collateral
Certificate that has been designated by the Issuing Entity for inclusion in Asset Pool One pursuant to Sections 2.1 and 2.4. 

“Asset Pool One Collateral Certificate Principal Shortfall Payments” means, for any Monthly Period, amounts
received on Asset Pool One Collateral Certificates in respect of Principal Shortfalls. 
 “Asset Pool One Default
Amount” means, for any Monthly Period, the Default Amount for Asset Pool One for such Monthly Period. 

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

“Asset Pool One Finance Charge Collections” means, for any Monthly Period, the amount of Finance Charge
Collections for all Asset Pool One Receivables and Asset Pool One Collateral Certificates for such Monthly Period. 

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

“Asset Pool One Nominal Liquidation Amount Deficit” means, for any Monthly Period, the aggregate Nominal
Liquidation Amount Deficit of all Asset Pool One Notes for such Monthly Period. 
 “Asset Pool One Notes”
means the Notes designated in an Indenture Supplement as being secured by the Collateral of Asset Pool One. 

“Asset Pool One Noteholder” means any person in whose name an Asset Pool One Note is registered. 

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

  
 6 

 “Asset Pool One Principal Receivables” means, with respect to
any date of determination, the aggregate outstanding dollar amount of Asset Pool One Receivables that are Principal Receivables. 

“Asset Pool One Receivables” means Receivables arising in Asset Pool One Accounts. 

“Asset Pool One Receivables Servicing Fee” means, with respect to any Monthly Period, one-twelfth of the
product of (a) the Asset Pool One Receivables Servicing Fee Percentage for such Monthly Period and (b) the Asset Pool One Average Principal Balance for such Monthly Period. 

“Asset Pool One Receivables Servicing Fee Percentage” means, 1.50% for so long as Chase USA is the Servicer
or 2.00% if Chase USA is no longer the Servicer. 
 “Asset Pool One Required Transferor Amount” means, for
any Monthly Period, the product of (1) the Asset Pool One Principal Receivables as of the close of business on the last day of such Monthly Period and (2) the Asset Pool One Required Transferor Amount Percentage. 

“Asset Pool One Required Transferor Amount Percentage” means 5% or such other percentage as shall be
designated from time to time by the Servicer; provided, however, that prior to designating any lesser percentage the Servicer shall have provided to the Indenture Trustee and the Collateral Agent an Issuing Entity Tax Opinion and written
confirmation from each Note Rating Agency that such designation shall not have a Ratings Effect. 
 “Asset Pool One
Servicing Fee” has the meaning specified in subsection 3.4(a). 
 “Asset Pool One Supplement”
means this Third Amended and Restated Asset Pool Supplement as originally executed and as amended, supplemented, restated or otherwise modified from time to time. 

“Asset Pool One Transferor Amount” means, for any Monthly Period, an amount equal to (i) the Asset Pool
One Pool Balance for such Monthly Period minus (ii) the aggregate Nominal Liquidation Amount of all Asset Pool One Notes as of the close of business on the last day of such Monthly Period. 

“Asset Pool One Transferor Percentage” means, with respect to any Monthly Period, 100% minus, the sum of the
Noteholder Percentages for all Series of Asset Pool One Notes with respect to Asset Pool One Principal Collections, Asset Pool One Finance Charge Collections, the Asset Pool One Servicing Fee or the Asset Pool One Default Amount, as applicable. 

“Bank Accounts” means, collectively, the Excess Funding Account, the Collection Account and any Supplemental
Bank Account, including any Sub-Accounts therein. 
 “Chase Card Funding” means Chase Card Funding LLC, a
Delaware limited liability company. 

  
 7 

 “Chase USA” means Chase Bank USA, National Association, a
national banking association, and any successors or assigns. 
 “Collateral” has the meaning specified in
the Granting Clause of this Asset Pool One Supplement. 
 “Collateral Agent” means the Person named as the
Collateral Agent in the first paragraph of this Asset Pool One Supplement until a successor Collateral Agent shall have become such pursuant to the applicable provisions of this Asset Pool One Supplement, and thereafter “Collateral Agent”
means and includes each Person who is then a Collateral Agent hereunder. If at any time there is more than one such Person, “Collateral Agent” as used with respect to the Asset Pool One Notes of any Series, Class or Tranche means the
Collateral Agent with respect to Asset Pool One Notes of that Series, Class or Tranche. 
 “Collateral Agent
Authorized Officer” when used with respect to the Collateral Agent, means any vice president, any assistant vice president, the treasurer, any assistant treasurer, any senior trust officer or trust officer, or any other officer of the
Collateral Agent customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of
his knowledge of and familiarity with the particular subject. 
 “Collateral Certificate Assignment” has
the meaning specified in subsection 2.4(c)(vi). 
 “Collection Account” has the meaning specified in
subsection 5.1(a)(i). 
 “Corporate Trust Office” means, with respect to the Collateral Agent, the
principal corporate trust office of the Collateral Agent located at Wells Fargo Bank, National Association, Sixth Street & Marquette Avenue, MAC: N9311-161, Minneapolis, Minnesota 55479, Attention: Corporate Trust Services - Asset Backed
Administration; or such other address as the Collateral Agent may designate by notice to the Transferor, or the principal corporate trust office of any successor Collateral Agent (the address of which the successor Collateral Agent will notify the
Indenture Trustee and the Transferor). 
 “Credit Adjustment” has the meaning specified in subsection
3.10(a). 
 “Cut-Off Date” means, with respect to an Initial Asset Pool One Account, the “Addition
Cut-Off Date” specified in the related Initial Asset Pool One Account Assignment and, with respect to an Additional Asset Pool One Account, the Addition Cut-Off Date for such Additional Asset Pool One Account. 

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

  
 8 

 “Effective Date” means the date on which this Asset Pool One
Supplement is executed and delivered by the parties hereto. 
 “Excess Funding Account” has the meaning
specified in subsection 5.1(a)(ii). 
 “Excess Funding Amount” means at any time the aggregate amount on
deposit in the Excess Funding Account. 
 “First Note Transfer Date” means, with respect to any Monthly
Period, the initial Note Transfer Date for any Series, Class or Tranche of Asset Pool One Notes in such Monthly Period. 

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

“Indenture” means the Fourth Amended and Restated Indenture, dated as of January 20, 2016, between the
Issuing Entity and the Indenture Trustee. 
 “Initial Asset Pool One Accounts” means the Accounts
designated pursuant to the Initial Asset Pool One Account Assignments, except for any Initial Account Reassignment or revolving credit card account that became a Defaulted Account prior to the date hereof. 

“Initial Asset Pool One Account Assignments” means, collectively, Assignment No. 1 of Receivables in
Additional Accounts included in Asset Pool One, dated as of November 29, 2002, Assignment No. 2 of Receivables in Additional Accounts included in Asset Pool One, dated as of March 24, 2003, Assignment No. 3 of Receivables in
Additional Accounts included in Asset Pool One, dated as of August 18, 2003, Assignment No. 4 of Receivables in Additional Accounts included in Asset Pool One, dated as of March 26, 2004, Assignment No. 5 of Receivables in
Additional Accounts included in Asset Pool One, dated as of December 17, 2004, Assignment No. 6 of Receivables in Additional Accounts included in Asset Pool One, dated as of May 16, 2005, Assignment No. 7 of Receivables in
Additional Accounts included in Asset Pool One, dated as of August 17, 2005, Assignment No. 8 of Receivables in Additional Accounts included in Asset Pool One, dated as of September 30, 2005, Assignment No. 9 of Receivables in
Additional Accounts included in Asset Pool One, dated as of November 10, 2005, Assignment No. 10 of Receivables in Additional Accounts included in Asset Pool One, dated as of May 30, 2006, Assignment No. 11 of Receivables in
Additional Accounts included in Asset Pool One, dated as of August 29, 2006, Assignment No. 12 of Receivables in Additional Accounts included in Asset Pool One, dated as of November 28, 2006, Assignment No. 13 of Receivables in
Additional Accounts included in Asset Pool One, dated as of February 26, 2007, Assignment No. 14 of Receivables in Additional Accounts included in Asset Pool One, dated as of March 28, 2007, Assignment No. 15 of Receivables in
Additional Accounts included in Asset Pool One, dated as of June 27, 2007, Assignment No. 16 of Receivables in Additional Accounts included in Asset Pool One, dated as of October 19, 2007, Assignment No. 17 of Receivables in
Additional Accounts included in Asset Pool One, dated as of November 15, 2007 Assignment No. 18 of Receivables in Additional Accounts included in Asset Pool One, dated as of December 18, 2007, Assignment No. 19 of Receivables in
Additional Accounts included in Asset Pool One, dated as of January 30, 2008, Assignment No. 20 of Receivables in Additional Accounts included in Asset Pool One, dated as of February 4, 2008, Assignment No. 21 of Receivables in
Additional 

  
 9 

 
Accounts included in Asset Pool One, dated as of April 11, 2008, Assignment No. 22 of Receivables in Additional Accounts included in Asset Pool One, dated as of May 13, 2008,
Assignment No. 23 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 12, 2008, Assignment No. 24 of Receivables in Additional Accounts included in Asset Pool One, dated as of September 26, 2008,
Assignment No. 25 of Receivables in Additional Accounts included in Asset Pool One, dated as of November 3, 2008, Assignment No. 26 of Receivables in Additional Accounts included in Asset Pool One, dated as of February 10, 2009,
Assignment No. 27 of Receivables in Additional Accounts included in Asset Pool One, dated as of April 16, 2009, Assignment No. 28 of Receivables in Additional Accounts included in Asset Pool One, dated as of May 8, 2009,
Assignment No. 29 of Receivables in Additional Accounts included in Asset Pool One, dated as of June 8, 2009, Assignment No. 30 of Receivables in Additional Accounts included in Asset Pool One, dated as of July 21, 2009,
Assignment No. 31 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 17, 2009, Assignment No. 32 of Receivables in Additional Accounts included in Asset Pool One, dated as of September 17, 2009,
Assignment No. 33 of Receivables in Additional Accounts included in Asset Pool One, dated as of October 15, 2009, Assignment No. 34 of Receivables in Additional Accounts included in Asset Pool One, dated as of November 2, 2009,
Assignment No. 35 of Receivables in Additional Accounts included in Asset Pool One, dated as of October 31, 2012, Assignment No. 36 of Receivables in Additional Accounts included in Asset Pool One, dated as of August 4, 2014 and
Assignment No. 37 of Receivables in Additional Accounts included in Asset Pool One, dated as of March 31, 2015, each between the Issuing Entity and the Collateral Agent. 

“Initial Account Reassignments” means, collectively, Reassignment No. 1 of Receivables in Removed Asset
Pool One Accounts, dated as of June 26, 2003, Reassignment No. 2 of Receivables in Removed Asset Pool One Accounts, dated as of May 1, 2005, Reassignment No. 3 of Receivables in Removed Asset Pool One Accounts, dated as of
October 10, 2007, Reassignment No. 4 of Receivables in Removed Asset Pool One Accounts, dated as of March 15, 2010, Reassignment No. 5 of Receivables in Removed Asset Pool One Accounts, dated as of August 4, 2010,
Reassignment No. 6 of Receivables in Removed Asset Pool One Accounts, dated as of August 30, 2010, Reassignment No. 7 of Receivables in Removed Asset Pool One Accounts, dated as of October 28, 2010, Reassignment No. 8 of
Receivables in Removed Asset Pool One Accounts, dated as of January 28, 2011, Reassignment No. 9 of Receivables in Removed Asset Pool One Accounts, dated as of April 27, 2011, Reassignment No. 10 of Receivables in Removed Asset
Pool One Accounts, dated as of May 4, 2011, Reassignment No. 11 of Receivables in Removed Asset Pool One Accounts, dated as of May 7, 2012, Reassignment No. 12 of Receivables in Removed Asset Pool One Accounts, dated as of
September 28, 2012, Reassignment No. 13 of Receivables in Removed Asset Pool One Accounts, dated as of June 11, 2014, Reassignment No. 14 of Receivables in Removed Asset Pool One Accounts, dated as of September 22, 2014, and
Reassignment No. 15 of Receivables in Removed Asset Pool One Accounts, dated as of March 31, 2015, each between the Issuing Entity and the Collateral Agent 

“Invested Amount” has, with respect to any Asset Pool One Collateral Certificate, the meaning specified in
the applicable Series Supplement. 
 “Issuing Entity” means Chase Issuance Trust, a Delaware statutory
trust. 

  
 10 

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

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

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

“Nominal Liquidation Amount Deficit” has, with respect to any Series, Class or Tranche of Asset Pool One
Notes, the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 

“Noteholder Percentage” means, for any Series of Asset Pool One Notes, with respect to Asset Pool One
Principal Collections, Asset Pool One Finance Charge Collections, the Asset Pool One Default Amount and the Asset Pool One Servicing Fee, the percentage stated in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 

“Note Rating Agency” means, with respect to any Outstanding Asset Pool One Notes, each statistical rating
agency selected by the Issuing Entity to rate such Notes; provided, that any reference to each Note Rating Agency shall only apply to any specific Note Rating Agency if such Note Rating Agency is then rating any Outstanding Class or Tranche
of Notes. 
 “Note Transfer Date” means, for any Series, Class or Tranche of Asset Pool One Notes: 

(i)        the Business Day prior to: 

 

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

 

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

  
 11 

 (ii)        such other date as shall be
specified in the applicable Indenture Supplement or Terms Document for such Series, Class or Tranche of Asset Pool One Notes. 

“Notice Date” has the meaning specified in subsection 2.4(c)(ii). 

“Original Asset Pool One Supplement” means the Asset Pool One Supplement, dated as of May 1, 2002, by
and among the Issuing Entity, Indenture Trustee and Collateral Agent, as amended, supplemented or otherwise modified. 

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

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

“Principal Shortfalls” has the meaning specified in the applicable Series Supplement for a Collateral
Certificate. 
 “Proposed Principal Shortfall Amount” has the meaning specified in Section 3.13. 

“Reassignment” has the meaning specified in subsection 2.5(b)(ii). 

“Remaining Series Available Principal Collections Shortfall” has, with respect to any Series of Asset Pool
One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 

“Removal Cut-Off Date” means, with respect to any Removed Asset Pool One Account, the date as of which the
Receivables in such Removed Asset Pool One Account shall have been selected by the Issuing Entity for removal from Asset Pool One pursuant to Section 2.5. 

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

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

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

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

  
 12 

 “Risk Retention Requirements” means the final Credit Risk
Retention rule (79 FR 77601) adopted by the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the Securities and Exchange Commission and the Housing and Urban
Development Department. 
 “Second Amended and Restated Asset Pool One Supplement” means the Second
Amended and Restated Asset Pool One Supplement, dated as of December 19, 2007, by and among the Issuing Entity, Indenture Trustee and Collateral Agent, as amended, supplemented or otherwise modified. 

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

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

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

“Series Available Principal Collections Shortfall” has, with respect to any Series of Asset Pool One Notes,
the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 

“Servicer” means Chase USA, in its capacity as Servicer pursuant to the Transfer and Servicing Agreement.

 “Shared Excess Available Principal Collections” has, with respect to any Series of Asset Pool One
Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 

“Successor Servicer” has the meaning specified in subsection 10.02(a) of the Transfer and Servicing
Agreement. 
 “Supplemental Bank Account” means the trust account or accounts designated as such and
established pursuant to subsection 5.1(a)(i). 
 “Targeted Interest Deposit Amount” has, with respect to
any Series, Class or Tranche of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 

“Targeted Principal Deposit Amount” has, with respect to any Series, Class or Tranche of Asset Pool One
Notes, the meaning specified in the applicable Indenture Supplement for such Series, Class or Tranche of Asset Pool One Notes. 

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

  
 13 

 “Transfer and Servicing Agreement” means the Fourth Amended and
Restated Transfer and Servicing Agreement, dated as of January 20, 2016, by and among Chase USA, as Servicer and Administrator, Chase Card Funding, as Transferor, the Issuing Entity and the Indenture Trustee. 

“Transferor” means (a) prior to the date hereof, the Original Transferor and (b) on or after the
date hereof, Chase Card Funding or its successors or assigns under the Transfer and Servicing Agreement. 

“Transferor Certificate” means, for Asset Pool One, if the Transferor elects to evidence its interest in the
Transferor Interest in certificated form, the certificate executed by the Issuing Entity and authenticated by the Indenture Trustee, substantially in the form set forth as Exhibit A; provided, that as used herein and in any Indenture
Supplement “Transferor Certificate” means either a certificate executed and delivered by the Issuing Entity and authenticated by the Indenture Trustee substantially in the form of Exhibit A or the uncertificated interest in the Transferor
Interest. 
 “Transferor Interest” means, with respect to Asset Pool One, the interest in Asset Pool One
not represented by the issued and Outstanding Asset Pool One Notes. 
 “Trust” means the Chase Issuance
Trust, a Delaware statutory trust. 
 “Wells Fargo” means Wells Fargo Bank, National Association, a
national banking association. 
 Section 1.2        Effect of Headings and Table
of Contents. The Article and Section headings herein and the Table of Contents are for convenience only and will not affect the construction hereof. 

Section 1.3        Successors and Assigns. All covenants and agreements in
this Asset Pool One Supplement by the Issuing Entity will bind its successors and assigns, whether so expressed or not. All covenants and agreements of the Collateral Agent in this Asset Pool One Supplement shall bind the successors and agents of
the Collateral Agent. 
 Section 1.4        Separability. In case any
provision in this Asset Pool One Supplement will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 1.5        Governing Law. THIS ASSET POOL ONE SUPPLEMENT WILL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS. 
 Section 1.6        Counterparts. This Asset Pool One Supplement
may be executed in any number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 

  
 14 

 [END OF ARTICLE I] 

  
 15 

 ARTICLE II 

COLLATERAL 

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

Section 2.2        [Reserved] 

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

(a)        The Invested Amount of any existing Asset Pool One Collateral Certificate
may be increased by the Transferor on any Business Day in connection with: 

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

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

Section 2.4        Addition of Collateral. 

(a)        Required Additions. 

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

  
 16 

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

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

  
 17 

 (b)        Permitted Additions.

 (i)        In addition to its obligation under subsection
2.4(a), the Issuing Entity may, but shall not be obligated to, subject to the conditions in paragraph (c) below, (x) designate from time to time Receivables in Additional Asset Pool One Accounts to be included as Collateral, and/or one or
more Additional Asset Pool One Collateral Certificates to be included as Collateral and (y) increase the Invested Amount of existing Asset Pool One Collateral Certificates. Such additional Collateral shall be transferred to the Issuing Entity
and designated for inclusion in Asset Pool One on the Addition Date or the Increase Date, as applicable. 

(ii)        On any Business Day, consideration in the form of cash
will be applied or an increase in the Asset Pool One Transferor Amount will be effected in connection with any increase in the Collateral. 

(c)        Conditions to Additions. On each Addition Date with respect to any
Additional Asset Pool One Accounts and/or one or more Additional Asset Pool One Collateral Certificates, the applicable Receivables in Additional Asset Pool One Accounts (and such Additional Asset Pool One Accounts shall be deemed to be Accounts for
purposes of this Asset Pool One Supplement) or the applicable Additional Asset Pool One Collateral Certificates existing as of the close of business on the applicable Addition Date shall be designated as additional Collateral, subject to the
satisfaction of the following conditions (which shall not apply with respect to any increase in the Invested Amount of any existing Asset Pool One Collateral Certificate except as specified in clause (ii) below): 

(i)        all of the requirements for the addition of Accounts set
forth under subsection 2.12(c) of the Transfer and Servicing Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and Servicing Agreement to be made on each Addition
Date shall be accurate in all material respects on such Addition Date; 

(ii)        on or before the third Business Day prior to the Addition
Date or the Increase Date, as applicable, with respect to additions or increases pursuant to subsection 2.4(a) and on or before the fifth Business Day prior to the Addition Date with respect to additions pursuant to subsection 2.4(b) (the
“Notice Date”), the Issuing Entity shall have delivered to the Indenture Trustee, the Collateral Agent, each Note Rating Agency and the Servicer written notice (unless such notice requirement is otherwise waived) that such
additional Collateral will be designated for inclusion in Asset Pool One, or an increased Invested Amount of an existing Asset Pool One Collateral Certificate will be designated for inclusion in the Collateral (the latter notice requirement shall
only apply to increases made pursuant to subsection 2.4(a); provided, however, that notice shall be delivered to the Collateral Agent in connection with any increase in the Invested Amount of an existing Asset Pool One Collateral
Certificate on or prior to the relevant Increase Date) which notice shall specify, as applicable, (x) the approximate aggregate amount of the Principal Receivables to be designated for inclusion in Asset Pool One, (y) the Invested Amount
of the Additional Asset Pool One Collateral Certificates to be designated for inclusion in Asset Pool One or (z) the amount by which 

  
 18 

 
the Invested Amount of an existing Asset Pool One Collateral Certificate is to be increased, as well as the applicable Addition Date or Increase Date and, in connection with the Additional Asset
Pool One Accounts, the Addition Cut-Off Date; 
 (iii)        as of
the applicable Addition Cut-Off Date, each Additional Asset Pool One Account is an Eligible Account; 

(iv)        as of the applicable Addition Date, each Additional Asset
Pool One Collateral Certificate is an Eligible Collateral Certificate; 

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

(vi)        on or before the Addition Date with respect to any
Additional Asset Pool One Collateral Certificates, the Issuing Entity shall have delivered to the Collateral Agent and the Servicer a written assignment in substantially the form of Exhibit C (the “Collateral Certificate
Assignment”) and each Collateral Certificate shall be registered in the name of and shall be delivered to the Collateral Agent in accordance with Section 4.14; 

(vii)        as of each of the Addition Cut-Off Date and the Addition
Date, no Insolvency Event with respect to the Account Owner, the Transferor or the Issuing Entity shall have occurred nor shall the transfer to Asset Pool One of the Receivables arising in the Additional Asset Pool One Accounts or of any Additional
Asset Pool One Collateral Certificate, as applicable, have been made in contemplation of the occurrence thereof; 

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

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

  
 19 

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

(xi)        the Issuing Entity shall have delivered to the Collateral
Agent an Officer’s Certificate, dated the Addition Date, confirming, to the extent applicable, the items set forth in clauses (iii) through (x) above. 

Section 2.5        Removal of Accounts. 

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

(b)        The Issuing Entity shall be permitted to designate Removed Asset Pool One
Accounts and remove the related Asset Pool One Receivables from the Collateral only upon satisfaction of the following conditions: 

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

  
 20 

 (ii)        on or prior
to the Removal Date, the Issuing Entity shall have delivered to the Collateral Agent for execution a written assignment in substantially the form of Exhibit D (the “Reassignment”) and, within five Business Days after the Removal
Date, the Issuing Entity shall have delivered to the Collateral Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a computer file, microfiche list, CD-ROM or such other form as is agreed
upon between the Transferor and the Collateral Agent) of all Removed Asset Pool One Accounts, identified by account number and the aggregate amount of the Asset Pool One Receivables in each Removed Asset Pool One Account as of the Removal Cut-Off
Date, which list shall, as of the Removal Date, modify and amend and be incorporated into and made a part of this Asset Pool One Supplement; 

(iii)        the Servicer shall represent and warrant that (x) a
random selection procedure was used by the Servicer in selecting the Removed Asset Pool One Accounts and only one such removal of randomly selected Asset Pool One Accounts shall occur in the then current Monthly Period, (y) the Removed Asset
Pool One Accounts arose pursuant to an affinity, private-label, agent-bank, co-branding or other arrangement with a third party that has been cancelled by such third party or has expired without renewal and which by its terms permits the third party
to repurchase the Removed Asset Pool One Accounts subject to such arrangement, upon such cancellation or non-renewal and the third party has exercised such repurchase right or (z) the Removed Asset Pool One Accounts were selected using another
method that will not preclude transfers from satisfying the conditions for sale accounting treatment under generally accepted accounting principles in effect for reporting periods before November 15, 2009; 

(iv)        on or prior to the Removal Date, if such removal is
pursuant to subsection 2.5(b)(iii)(z), the Note Rating Agency Condition shall have been satisfied; and 

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

  
 21 

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

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

  
 22 

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

(b)        After the Discount Option Date, Discount Receivables Collections with
respect to Asset Pool One Receivables shall be treated as Asset Pool One Finance Charge Collections. 

Section 2.8        Recording, Etc. 

(a)        The Issuing Entity intends the Security Interest granted pursuant to this
Asset Pool One Supplement in favor of the Collateral Agent to be prior to all other liens in respect of the Collateral. Subject to Section 2.9, the Issuing Entity will take all actions necessary to obtain and maintain a perfected lien on and
security interest in the Collateral in favor of the Collateral Agent. The Issuing Entity will from time to time execute, authorize and deliver all such supplements and amendments hereto and all such financing statements, continuation statements,
instruments of further assurance and other instruments, all as prepared by the Issuing Entity, and will take such other action necessary or advisable to: 

(i)        grant a Security Interest more effectively in all or any
portion of the Collateral; 
 (ii)        maintain or preserve the
Security Interest (and the priority thereof) created by this Asset Pool One Supplement or carry out more effectively the purposes hereof; 

(iii)        perfect, publish notice of or protect the validity of
any grant made or to be made by this Asset Pool One Supplement; 

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

(v)        preserve and defend title to the Collateral and the rights
of the Collateral Agent in the Collateral against the claims of all persons and parties; or 

(vi)        pay all taxes or assessments levied or assessed upon the
Collateral when due. 
 (b)        The Issuing Entity will from time to time
promptly pay and discharge all financing and continuation statement recording and/or filing fees, charges and taxes relating to this Asset Pool One Supplement, any amendments hereto and any other instruments of further assurance. The Issuing Entity
hereby designates the Servicer its agent and attorney-in-

  
 23 

 
fact to authorize upon the Issuing Entity’s failure to do so, any financing statement, continuation statement or other instrument required by the Collateral Agent pursuant to this Section.

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

(i)        The Issuing Entity will cause this Asset Pool One
Supplement, all amendments and supplements hereto and/or all financing statements and continuation statements and any other necessary documents covering the Collateral Agent’s right, title and interest in and to the Collateral to be promptly
recorded, registered and filed, and at all times to be kept, recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of the Collateral Agent in and
to all property comprising the Collateral. The Issuing Entity will deliver to the Collateral Agent file-stamped copies of, or filing receipts for, any document recorded, registered or filed as provided above, as soon as available following such
recording, registration or filing. 
 (ii)        Within 30 days
after the Issuing Entity makes any change in its name, identity or corporate structure which would make any financing statement or continuation statement filed in accordance with paragraph (d) below seriously misleading within the meaning of
Section 9-506 (or any comparable provision) of the UCC, the Issuing Entity will give the Collateral Agent notice of any such change and will file such financing statements or amendments as may be necessary to continue the perfection of the
Collateral Agent’s interest in the Collateral. 
 (d)        The Issuing
Entity will give the Collateral Agent prompt notice of any relocation of its state of location, and any change in the jurisdiction of its organization, and whether, as a result of such relocation or change, the applicable provision of the UCC would
require the filing of any amendment of any previously filed financing or continuation statement or of any new financing statement and will file such financing statements or amendments as may be necessary to perfect or to continue the perfection of
the Collateral Agent’s security interest in the Collateral. The Issuing Entity will at all times maintain its chief executive office within the United States. 

(e)        The duty of the Collateral Agent to execute or authorize any instrument
required pursuant to this Section will arise only if the Collateral Agent has actual knowledge of the type described in subsection 6.01(c) of the Indenture of any default of the Issuing Entity in complying with the provisions of this Section. 

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

  
 24 

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

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

Section 2.11        Purchaser Protected. In no event will any purchaser in
good faith of any property purported to be released hereunder be bound to ascertain the authority of the Collateral Agent to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the
exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor will any purchaser or other transferee of any property or rights permitted by this Article to be sold be under any
obligation to ascertain or inquire into the authority of the Issuing Entity or any other obligor, as applicable, to make any such sale or other transfer. 

Section 2.12        Powers Exercisable by Receiver or Collateral Agent. In
case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article II upon the Issuing Entity or any other obligor, as applicable, with respect to the release, sale or other disposition
of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuing Entity or any other obligor, as applicable, or of any officer
or officers thereof required by the provisions of this Article II. 
 Section
2.13        Determinations Relating to Collateral. In the event (i) the Collateral Agent or the Indenture Trustee shall receive any written request from the Issuing Entity or any other obligor for
consent or approval with respect to any matter or thing relating to any Collateral or the Issuing Entity’s or any other obligor’s obligations with respect thereto or (ii) there shall be due to or from the Collateral Agent or the
Indenture Trustee under the provisions hereof any performance or the delivery of any instrument or (iii) the Collateral Agent 

  
 25 

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

Section 2.14        Release of all Collateral. 

(a)        Subject to the payment of its fees and expenses pursuant to
Section 4.6, the Collateral Agent shall, at the request of the Issuing Entity or when otherwise required by the provisions of this Asset Pool One Supplement, execute instruments to release property from the lien of this Asset Pool One
Supplement, or convey the Collateral Agent’s interest (which is held by the Collateral Agent for the benefit of the Asset Pool One Noteholders) in the same, in a manner and under circumstances which are not inconsistent with the provisions of
this Asset Pool One Supplement. No party relying upon an instrument executed by the Collateral Agent as provided in this Article II will be bound to ascertain the Collateral Agent’s authority, inquire into the satisfaction of any conditions
precedent or see to the application of any funds. 
 (b)        Upon delivery of an
Officer’s Certificate certifying that the Issuing Entity’s obligations under the Indenture and this Asset Pool One Supplement have been satisfied and discharged by complying with the provisions of this Article II, the Collateral Agent
shall (i) execute and deliver such releases, termination statements and other instruments (in recordable form, where appropriate) as the Issuing Entity or any other obligor, as applicable, may reasonably request evidencing the termination of
the Security Interest created by this Asset Pool One Supplement and (ii) not be deemed to hold the Security Interest for the benefit of itself, the Indenture Trustee, the Asset Pool One Noteholders, any applicable Derivative Counterparty, any
applicable Supplemental Credit Enhancement Provider or any applicable Supplemental Liquidity Provider. 

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

  
 26 

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

Section 2.16        Opinions as to Collateral. 

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

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

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

  
 27 

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

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

(c)        The Issuing Entity has caused or will have caused within ten days of the
granting of the security interest in any portion of the Collateral, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest in the
Collateral granted to the Collateral Agent hereunder. 
 (d)        Other than the
security interest granted to the Collateral Agent pursuant to this Asset Pool One Supplement or any other security interest that has been terminated, the Issuing Entity has not pledged, assigned, sold, granted a security interest in, or otherwise
conveyed the Collateral; the Issuing Entity has not authorized the filing of and is not aware of any financing statements against itself that include a description of collateral covering the Collateral other than any financing statement relating to
the security interest granted to the Collateral Agent hereunder or that has been terminated; and the Issuing Entity is not aware of any judgment or tax lien filings against itself. 

(e)        Each Asset Pool One Collateral Certificate constitutes a
“certificated security” within the meaning of the applicable UCC; the Issuing Entity has in its possession all original copies of the certificates that constitute such Asset Pool One Collateral Certificate; none of the certificates that
constitute or evidence such Asset Pool One Collateral Certificate have any marks or notations indicating that it has been pledged, assigned or otherwise conveyed to any Person other than the Collateral Agent; and all financing statements filed or to
be filed against the Issuing Entity in favor of the Collateral Agent in connection herewith describing such Asset Pool One Collateral Certificate contain a statement to the following effect: “A purchase of or security interest in any collateral
described in this financing statement will violate the rights of the Collateral Agent.” 

(f)        Each Asset Pool One Receivable constitutes an “account” within
the meaning of the applicable UCC. 
 [END OF ARTICLE II] 

  
 28 

 ARTICLE III 

COLLECTIONS, ALLOCATIONS, DEPOSITS AND PAYMENTS 

Section 3.1        Collections and Allocations. 

(a)        The Servicer pursuant to the terms of the Transfer and Servicing Agreement
(or, if the authority of the Servicer has been revoked pursuant to Section 10.01 of the Transfer and Servicing Agreement, the Indenture Trustee, or, if a Successor Servicer has been appointed, the Successor Servicer) shall instruct the
Collateral Agent to apply all funds on deposit in the Collection Account as described in this Article III and in any Indenture Supplement for any Series. Except as otherwise provided in subsections 3.1(b) and 3.1(c) below, the Servicer pursuant to
the terms of Transfer and Servicing Agreement shall deposit Collections with respect to the Asset Pool One Receivables into the Collection Account for Asset Pool One as promptly as possible after the Date of Processing of such Collections, but in no
event later than the second Business Day following the Date of Processing and shall deposit Collections received with respect to the Asset Pool One Collateral Certificates with respect to any Monthly Period into the Collection Account for Asset Pool
One no later than the First Note Transfer Date in the next succeeding Monthly Period. 

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

  
 29 

 
Transferor pursuant to the Indenture, this Asset Pool One Supplement or any applicable Indenture Supplement into the Collection Account or any Supplemental Bank Account, but shall pay such
amounts as collected to the Transferor. 
 (c)        Notwithstanding anything else
in this Asset Pool One Supplement, the Indenture, the Indenture Supplement thereto or the Transfer and Servicing Agreement to the contrary, with respect to any Monthly Period for which the Servicer is required to make daily deposits into the
Collection Account or into any Supplemental Bank Account provided for in any Indenture Supplement for any Series: 

(i)        the Servicer will only be required to deposit Collections
(other than Recoveries, which will be deposited in accordance with subsection 3.11(a), and the Interchange Amount, which will be deposited in accordance with subsection 3.11(b)) into the Collection Account or such Supplemental Bank Account no later
than the second Business Day following the Date of Processing in an amount equal to the lesser of: 

(1)        the amount required to be deposited into the Collection
Account or such Supplemental Bank Account on such Business Day pursuant to the terms of the Indenture, this Asset Pool One Supplement or any Indenture Supplement for any Series, and 

(2)        the amount required to be distributed on or prior to the
related Note Transfer Date to the extent necessary to make required distributions on the related Payment Date of: 

(A)        interest and principal due to Holders of the Asset Pool
One Notes (including Asset Pool One Notes held by the Transferor, unless the Transferor is also the Servicer or an Affiliate of the Servicer) provided for in any Indenture Supplement for any Series, 

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

(C)        the product of (x) the sum of the floating
allocation percentages for each Series of Asset Pool One Notes and (y) the Asset Pool One Default Amount (excluding the amount allocable to the Transferor Interest), 

(D)        targeted deposits to any reserve account designated and
established pursuant to the Indenture Supplement for any Series, 

(E)        amounts owed to applicable Derivative Counterparties,
Supplemental Credit Enhancement Providers and Supplemental Liquidity Providers; and 

  
 30 

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

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

(ii) 

(1)        if at any time prior to the related Note Transfer Date the
amount of Collections deposited in the Collection Account with respect to the related Monthly Period exceeds the amount required to be deposited pursuant to clause (i) above, the Servicer shall withdraw such excess from the Collection Account
and immediately pay it to the Transferor, and 
 (2)        if at
any time prior to the related Note Transfer Date the amount of Collections deposited in the Collection Account with respect to the related Monthly Period is less than the amount required to be deposited pursuant to clause (i) above, the
Transferor shall pay to the Servicer, and the Servicer shall deposit into the Collection Account, the amount of the shortfall, but only to the extent of Collections previously paid to the Transferor with respect to such Monthly Period pursuant to
this paragraph. 
 (iii)        For the avoidance of doubt, to the
extent that the exact amount of the required deposits or distributions pursuant to clauses (i)(A) and (i)(B) above are unknown, the Servicer will be allowed to make a good faith estimate of the respective amounts thereof subject to the adjustment
provisions set forth in clauses (ii)(A) and (ii)(B) above. 

Section 3.2        Allocations of Finance Charge Collections and Default
Amounts. 
 (a)        With respect to each Monthly Period, the Collateral
Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool One Notes an amount equal to the product of (i) the Noteholder Percentage for Asset Pool One Finance Charge Collections for such Monthly Period for such Series
and (ii) the sum of the Asset Pool One Finance Charge Collections for such Monthly Period and the investment earnings for such Monthly Period on amounts on deposit in the Collection Account and the Excess Funding Account established for the
benefit of all Asset Pool One Notes. 
 (b)        With respect to each Monthly
Period, the Collateral Agent, at the direction of the Servicer, shall allocate to each Series of Asset Pool One Notes an amount equal to the product of (i) the Noteholder Percentage for the Asset Pool One Default Amount for such Monthly Period
for such Series and (ii) the Asset Pool One Default Amount for such Monthly Period. 

  
 31 

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

Section 3.4        Allocations of the Asset Pool One Servicing Fee. 

(a) As compensation for its servicing activities hereunder and as reimbursement for any expense incurred by it in connection
therewith, the Servicer shall be entitled to receive a servicing fee (the “Asset Pool One Servicing Fee”). For each Monthly Period, the Asset Pool One Servicing Fee shall equal the sum of (i) the servicing fee amount for each
Asset Pool One Collateral Certificate, as specified in the related Series Supplement, and (ii) the Asset Pool One Receivables Servicing Fee. 

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

  
 32 

 Amounts on deposit in the Excess Funding Account shall be treated as Shared
Excess Available Principal Collections and, to the extent required, allocated to each Series of Asset Pool One Notes in accordance with the applicable Indenture Supplement. Any remaining amounts on deposit in the Excess Funding Account in excess of
the amount required to be treated as Shared Excess Available Principal Collections for a Monthly Period shall be released to the holders of the Transferor Interest in Asset Pool One in accordance with the related Indenture Supplement to the extent
that after such release (A) the Asset Pool One Transferor Amount is equal to or greater than the Asset Pool One Required Transferor Amount and (B) the Asset Pool One Pool Balance is equal to or greater than the Asset Pool One Minimum Pool
Balance. 
 Section 3.6        Final Payment. Each Series, Class or Tranche
of Asset Pool One Notes, as applicable, will be considered to be paid in full in the manner set forth in the applicable Indenture Supplement. A Series, Class or Tranche of Asset Pool One Notes will be considered paid in full and the Holders of such
Series, Class or Tranche of Asset Pool One Notes, as applicable, will have no further right or claim, and the Issuing Entity will have no further obligation or liability for principal or interest with respect to such Series, Class or Tranche of
Notes, as applicable, on the earliest to occur of: 
 (a)        the date of the
payment in full of the Outstanding Dollar Principal Amount of and all accrued but unpaid interest and any additional interest on that Series, Class or Tranche of Asset Pool One Notes, as applicable; 

(b)        the date on which the Outstanding Dollar Principal Amount of such Asset
Pool One Notes, after giving effect to all deposits, allocations, reallocations, sales of Collateral and payments to be made on such date, is reduced to zero, and all accrued but unpaid interest and any additional interest on such Asset Pool One
Notes is paid in full; 
 (c)        the Legal Maturity Date of such Asset Pool One
Notes, after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date; or 

(d)        the date of the payment following the date on which a sale of Collateral
has taken place with respect to that Series, Class or Tranche of Asset Pool One Notes, as described in the Indenture. 

Section 3.7        Payments within a Series, Class or Tranche. All payments of
principal, interest or other amounts to Holders of the Asset Pool One Notes of a Series, Class or Tranche will be made in accordance with the related Indenture Supplement. 

Section 3.8        Allocations of Finance Charge Collections, Default
Amounts, Servicing Fees and Principal Collections Allocable to the Transferor Interest. 

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

  
 33 

 
Supplement, such amounts may be applied to cover certain shortfalls in the amount of investment earnings on investments of funds in certain Supplemental Bank Accounts. 

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

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

Section 3.10        Adjustments for Miscellaneous Credits and Fraudulent
Charges. 
 (a) The Servicer shall be obligated to reduce on a net basis for each Monthly Period the aggregate amount
of Asset Pool One Principal Receivables (a “Credit Adjustment”) with respect to any Asset Pool One Principal Receivable (i) which was created in respect of merchandise refused or returned by the Obligor thereunder or as to
which the Obligor thereunder has asserted a counterclaim or defense, (ii) which is reduced by the Servicer by any rebate, refund, charge-back or adjustment (including Servicer errors) or (iii) which was created as a result of a fraudulent
or counterfeit charge. 
 In the event that the inclusion of the amount of a Credit Adjustment in (x) the calculation
of the Asset Pool One Transferor Amount would cause the Asset Pool One 

  
 34 

 
Transferor Amount to be an amount less than the Asset Pool One Required Transferor Amount or (y) the calculation of the Asset Pool One Pool Balance would cause the Asset Pool One Pool
Balance to be an amount less than the Asset Pool One Minimum Pool Balance, the Transferor shall make a deposit, no later than (A) the First Note Transfer Date following the Monthly Period with respect to which such Credit Adjustment occurs or
(B) in the event of a Servicer Rating Event, 10 Business Days after the inclusion of the Credit Adjustment that caused the Asset Pool One Transferor Amount to be less than the Asset Pool One Required Transferor Amount or the Asset Pool One Pool
Balance to be less than the Asset Pool One Minimum Pool Balance, into the Excess Funding Account for Asset Pool One in immediately available funds in an amount equal to the greater of the amount by which (I) the Asset Pool One Transferor Amount
would be less than the Asset Pool One Required Transferor Amount or (II) the Asset Pool One Pool Balance would be an amount less than the Asset Pool One Minimum Pool Balance, due to Credit Adjustments with respect to Asset Pool One Receivables
conveyed by the Transferor (each such deposit, an “Adjustment Payment”). 

(b)        If (i) the Servicer makes a deposit into the Collection Account for
Asset Pool One in respect of a Collection of an Asset Pool One Receivable and such Collection was received by the Servicer in the form of a check which is not honored for any reason or (ii) the Servicer makes a mistake with respect to the
amount of any Collection for Asset Pool One and deposits an amount that is less than or more than the actual amount of such Collection, the Servicer shall appropriately adjust the amount subsequently deposited into the Collection Account for Asset
Pool One to reflect such dishonored check or mistake. Any Asset Pool One Receivable in respect of which a dishonored check is received shall be deemed not to have been paid. Notwithstanding the first two sentences of this paragraph, adjustments made
pursuant to this Section shall not require any change in any report previously delivered. 

Section 3.11        Recoveries and Interchange. 

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

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

  
 35 

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

Section 3.12        [Reserved]. 

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

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

  
 36 

 ARTICLE IV 

THE COLLATERAL AGENT 

Section 4.1        Certain Duties and Responsibilities. 

(a)        The Collateral Agent undertakes to perform such duties and only such
duties as are specifically set forth in this Asset Pool One Supplement with respect to the Asset Pool One Notes of any Series, Class or Tranche, and no implied covenants or obligations will be read into this Asset Pool One Supplement against the
Collateral Agent. 
 (b)        The Collateral Agent hereby agrees that it shall
hold all Collateral Certificates designated for inclusion in Asset Pool One in the State of New York and shall give written notice to the Owner Trustee, the Indenture Trustee and the Servicer before relocating any Collateral Certificate. 

(c)        In the absence of bad faith on its part, the Collateral Agent may, with
respect to the Asset Pool One Notes of any Series, Class or Tranche, conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Collateral Agent and
conforming to the requirements of the Indenture, this Asset Pool One Supplement or the related Indenture Supplement, as applicable, but in the case of any such certificates or opinions which by any provision hereof are specifically required to be
furnished to the Collateral Agent, the Collateral Agent will be under a duty to examine the same to determine whether or not they conform to the requirements of this Asset Pool One Supplement but need not confirm or investigate the accuracy of any
mathematical calculations or other facts stated therein. 
 (d)        In case an
Event of Default with respect to any Series, Class or Tranche of Asset Pool One Notes has occurred and is continuing, the Collateral Agent will exercise with respect to the Asset Pool One Notes of such Series, Class or Tranche such rights and powers
vested in it by this Asset Pool One Supplement, and use the same degree of care and skill in their exercise, as a fiduciary would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(e)        No provision of this Asset Pool One Supplement will be construed to
relieve the Collateral Agent from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

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

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

(iii)        the Collateral Agent will not be liable with respect to
any action taken or omitted to be taken by it in good faith in accordance with the direction of the Indenture Trustee or Holders of more than 66 2⁄3% of the
Outstanding Dollar Principal 

  
 37 

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

(iv)        no provision of this Asset Pool One Supplement will
require the Collateral Agent to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it will have reasonable grounds for
believing that repayment of such funds or indemnity satisfactory to the Collateral Agent against such risk or liability is not reasonably assured to it. 

(f)        Whether or not therein expressly so provided, every provision of this
Asset Pool One Supplement relating to the conduct or affecting the liability of or affording protection to the Collateral Agent will be subject to the provisions of this Section. 

Section 4.2        Certain Rights of the Collateral Agent. Except as otherwise
provided in Section 4.1: 
 (a)        the Collateral Agent may conclusively
rely and will be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture or other paper or document (whether in its original
or facsimile form) believed by it to be genuine and to have been signed or presented by the proper party or parties; 

(b)        whenever in the performance of its duties under this Asset Pool One
Supplement the Collateral Agent will deem it desirable that a matter be proved or established before taking, suffering or omitting any action hereunder, the Collateral Agent (unless other evidence be herein specifically prescribed) may, in the
absence of bad faith on its part, rely upon an Officer’s Certificate; 

(c)        the Collateral Agent may consult with counsel of its own selection and the
advice of such counsel or any Opinion of Counsel will be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 

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

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

  
 38 

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

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

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

Section 4.3        Not Responsible for Recitals or Issuance of Notes. The
recitals contained herein and in the Asset Pool One Notes, except the certificates of authentication, will be taken as the statements of the Issuing Entity, and the Collateral Agent assumes no responsibility for their correctness. The Collateral
Agent makes no representations as to the validity or sufficiency of this Asset Pool One Supplement or of the Asset Pool One Notes. The Collateral Agent will not be accountable for the use or application by the Issuing Entity of Asset Pool One Notes
or the proceeds thereof. 
 Section 4.4        May Hold Notes. The
Collateral Agent, in its individual or any other capacity, may become the owner or pledgee of Asset Pool One Notes and, subject to Sections 4.7, 4.8 and 4.12, may otherwise deal with the Issuing Entity with the same rights it would have if it were
not Collateral Agent. 
 Section 4.5        Money Held in Trust. Money held
by the Collateral Agent in trust hereunder need not be segregated from other funds except to the extent required by law. The Collateral Agent will be under no liability for interest on any money received by it hereunder except as otherwise agreed
with the Issuing Entity. 
 Section 4.6        Compensation and
Reimbursement; Limit on Compensation, Reimbursement and Indemnity. 
 (a) The Issuing Entity agrees: 

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

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

  
 39 

 
expense, disbursement or advance as may be attributable to its negligence or bad faith; and 

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

The Collateral Agent will have no recourse to (x) any asset of the Issuing Entity other than funds available pursuant to
the Indenture, the relevant Indenture Supplement, or this Asset Pool One Supplement and any such recourse shall be subordinate to the payment obligations on the Asset Pool One Notes, or (y) any Person other than the Transferor, the Servicer or
the Issuing Entity. 
 (b)        This Section will survive the termination of this
Asset Pool One Supplement and the resignation or replacement of the Collateral Agent under Section 4.9. 
 Section
4.7        Disqualification; Conflicting Interests. If the Collateral Agent has or will acquire a conflicting interest within the meaning of the Trust Indenture Act, the Collateral Agent will, if so
required by the Trust Indenture Act, either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Asset Pool One Supplement. Nothing herein will prevent the
Collateral Agent from filing with the Commission the application referred to in the second to last paragraph of Section 310(b) of the Trust Indenture Act. 

Section 4.8        Corporate Collateral Agent Required; Eligibility. There
will at all times be a Collateral Agent hereunder with respect to each Series, Class or Tranche of Asset Pool One Notes which will be either a bank or a corporation organized and doing business under the laws of the United States of America or of
any state, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, subject to supervision or examination by federal or state authority, and having a rating of at least
“BBB-” by Standard & Poor’s. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this
Section, the combined capital and surplus of such corporation will be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Issuing Entity may not, nor may any Person directly or
indirectly controlling, controlled by, or under common control with the Issuing Entity, serve as Collateral Agent. If at any time the Collateral Agent with respect to any Series, Class or Tranche of Asset Pool One Notes will cease to be eligible in
accordance with the provisions of this Section, it will resign immediately in the manner and with the effect hereinafter specified in this Article. 

  
 40 

 Section 4.9        Resignation
and Removal; Appointment of Successor. 
 (a)        No resignation or removal
of the Collateral Agent and no appointment of a successor Collateral Agent pursuant to this Article shall become effective until the acceptance of appointment by the successor Collateral Agent under Section 4.10. 

(b)        The Collateral Agent may resign with respect to any Series, Class or
Tranche of Asset Pool One Notes at any time by giving written notice thereof to the Issuing Entity. If an instrument of acceptance by a successor Collateral Agent shall not have been delivered to the Collateral Agent within 30 days after the giving
of such notice of resignation, the resigning Collateral Agent may petition any court of competent jurisdiction for the appointment of a successor Collateral Agent. 

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

(d)        If at any time: 

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

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

(iii)        the Collateral Agent becomes incapable of acting with
respect to any Series, Class or Tranche of Asset Pool One Notes, or 

(iv)        the Collateral Agent is adjudged bankrupt or insolvent or
a receiver of the Collateral Agent or of its property is appointed or any public officer takes charge or control of the Collateral Agent or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 

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

  
 41 

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

(f)        The Issuing Entity shall give written notice of each resignation and each
removal of the Collateral Agent with respect to Asset Pool One and each appointment of a successor Collateral Agent with respect to Asset Pool One as provided in Section 1.06 of the Indenture and to each Note Rating Agency. To facilitate
delivery of such notice, upon request by the Issuing Entity, the Note Registrar shall provide to the Issuing Entity a list of the relevant Registered Noteholders. Each notice will include the name of the successor Collateral Agent and the address of
its principal Corporate Trust Office. 
 Section 4.10        Acceptance of
Appointment by Successor. Every successor Collateral Agent appointed hereunder shall execute, acknowledge and deliver to the Issuing Entity and to the predecessor Collateral Agent an instrument accepting such appointment, with a copy to the Note
Rating Agencies, and thereupon the resignation or removal of the predecessor Collateral Agent will become effective with respect to Asset Pool One, and such successor Collateral Agent, without any further act, deed or conveyance, will become vested
with all the rights, powers, trusts and duties of the predecessor Collateral Agent; but, on request of the Issuing Entity or the successor Collateral Agent, such predecessor Collateral Agent shall, upon payment of its reasonable charges, if any,
execute and deliver an instrument transferring to such successor Collateral Agent all the rights, powers and trusts of the predecessor Collateral Agent, and will duly assign, transfer and deliver to such successor Collateral Agent all property and
money held by such predecessor Collateral Agent hereunder, subject nevertheless to its lien, if any, provided for in Section 4.6. Upon request of any such successor Collateral Agent, the Issuing Entity will execute any and all instruments for
more fully and certainly vesting in and confirming to such successor Collateral Agent all such rights, powers and trusts. 

No successor Collateral Agent will accept its appointment unless at the time of such acceptance such successor Collateral
Agent will be qualified and eligible with respect to Asset Pool One under this Article. 
 Section
4.11        Merger, Conversion, Consolidation or Succession to Business. Any corporation into which the Collateral Agent may be merged or converted or with which it 

  
 42 

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

Section 4.13        Representations and Covenants of the Collateral Agent. The
Collateral Agent represents, warrants and covenants that: 
 (i) The Collateral Agent is a national banking
association duly organized and validly existing under the laws of the United States of America; 
 (ii) The
Collateral Agent has full power and authority to deliver and perform this Asset Pool One Supplement and has taken all necessary action to authorize the execution, delivery and performance by it of this Asset Pool One Supplement and other documents
to which it is a party; and 
 (iii) Each of this Asset Pool One Supplement and the other documents to
which it is a party has been duly executed and delivered by the Collateral Agent and constitutes legal, valid and binding obligation of the Collateral Agent in accordance with its terms. 

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

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

  
 43 

 
accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than 5 Business Days after the date any officer of the
Issuing Entity actually receives such application, unless any such officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an omission), the Collateral Agent shall
have received written instructions in response to such application specifying the action to be taken or omitted. 

Section 4.16        Events of Default and Remedies; Reports of Indenture
Trustee; Reports to Issuing Entity. 
 (a) The Collateral Agent shall promptly give notice to the Indenture Trustee and
the Issuing Entity upon the occurrence of any of the Events of Default set forth in Section 6.01 of the Indenture of which it has knowledge, including any “Notice of Default” pursuant to subsection 6.01(c) of the Indenture (unless it
has received notice of any such Event of Default by the Indenture Trustee). 
 (b) The Collateral Agent agrees to perform
its obligations and, in its discretion, exercise the rights of, and pursue remedies on behalf of, the Secured Parties pursuant to Article VI of the Indenture. 

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

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

[END OF ARTICLE IV] 

  
 44 

 ARTICLE V 

BANK ACCOUNTS AND INVESTMENTS 

Section 5.1        Bank Accounts. 

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

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

  
 45 

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

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

Section 5.2        Investment of Funds in the Bank Accounts. 

(a)        (i)        Funds on deposit in the
Bank Accounts shall (unless otherwise stated in the applicable Indenture Supplement) be invested and reinvested by the Collateral Agent or its designee acting on behalf of the Indenture Trustee at the written direction of the Issuing Entity in one
or more Permitted Investments. Absent such written direction, the Collateral Agent shall invest the funds in the Permitted Investments described in clause (a)(v) of the definition thereof. The Issuing Entity may authorize the Indenture Trustee to
direct the Collateral Agent to make specific investments pursuant to written instructions, in such amounts as the Issuing Entity will specify. Notwithstanding the foregoing, funds held by the Collateral Agent in any of the Bank Accounts will be
invested in Permitted Investments that will mature in each case no later than the date on which such funds in the Bank Accounts are scheduled to be transferred or distributed by the Indenture Trustee pursuant to the Indenture (or as necessary to
provide for timely payment of principal or interest on the applicable Principal Payment Date or Interest Payment Date (as each such term is defined in the Indenture)). 

(ii)        Notwithstanding subsection 5.2(a)(i) above, to the extent that the
Transferor decides to offset the amount of risk retention held in the form of a “Seller’s Interest” (as such term is defined in the Risk Retention Requirements) with funds on deposit in an Excess Funding Account, such funds shall be
held in the form of cash or Permitted Investments that constitute cash equivalents (in accordance with the Risk Retention Requirements). 

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

  
 46 

 (c)        Funds and other property in
any of the Bank Accounts will not be commingled with any other funds or property of the Issuing Entity, the Indenture Trustee or the related Collateral Agent. 

(d)        The Servicer shall not give direction to dispose of a Permitted Investment
and no Permitted Investment shall be disposed of prior to its maturity if such disposal will result in a loss. 
 [END OF ARTICLE V] 

  
 47 

 ARTICLE VI 

MISCELLANEOUS 

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

Section 6.2        Actions by the Issuing Entity. All actions to be taken by
the Issuing Entity under this Asset Pool One Supplement shall be taken by the Administrator on behalf of the Issuing Entity and all notices to be given and/or received by the Issuing Entity under this Asset Pool One Supplement shall be given and
received by the Administrator. 
 Section 6.3        Limitations on
Liability. 
 (a)        It is expressly understood and agreed by the parties
hereto that (i) this Asset Pool One Supplement is executed and delivered by the Transferor not individually or personally but solely as Beneficiary under the Trust Agreement, in the exercise of the powers and authority conferred and vested in
it, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuing Entity is made and intended not as a personal representation, undertaking or agreement by the Transferor or Chase USA but is made and
intended for the purpose of binding only the Issuing Entity, (iii) nothing herein contained will be construed as creating any liability on the Transferor or Chase USA individually or personally, to perform any covenant of the Issuing Entity
either expressed or implied contained herein, all such liability, if any, being expressly waived by the parties to the Indenture and by any Person claiming by, through or under them and (iv) under no circumstances will the Transferor or Chase
USA be personally liable for the payment of any indebtedness or expenses of the Issuing Entity or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuing Entity under this Asset
Pool One Supplement or any related documents. 
 (b)        None of the Collateral
Agent, the Indenture Trustee, the Owner Trustee, the Transferor, Chase USA or any other Beneficiary of the Issuing Entity or any of their respective officers, directors, employees, incorporators or agents will have any liability with respect to this
Asset Pool One Supplement, and recourse may be had solely to the Collateral pledged to secure the Asset Pool One Notes under this Asset Pool One Supplement. 

  
 48 

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

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

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

Section 6.6        Derivative Counterparty, Supplemental Credit Enhancement
Provider and Supplemental Liquidity Provider as Third-Party Beneficiary. Each Derivative Counterparty, Supplemental Credit Enhancement Provider and Supplemental Liquidity Provider is a third-party beneficiary of this Asset Pool One Supplement to
the extent specified in the applicable Derivative Agreement, Supplemental Credit Enhancement Agreement, Supplemental Liquidity Agreement or Indenture Supplement. 

Section 6.7        Amendments. Except as expressly set forth in Article IX of
the Indenture, this Asset Pool One Supplement may not be amended, supplemented or modified. 
 [END OF ARTICLE VI] 

  
 49 

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

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

  

					
		
	By:	 	    /s/ Jennifer A. Luce
		 	Name:	 	Jennifer A. Luce
		 	Title:	 	Vice President

  

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

  

					
		
	By:	 	    /s/ Cheryl Zimmerman
		 	Name:	 	Cheryl Zimmerman
		 	Title:	 	Vice President

 CHASE ISSUANCE TRUST 

Third A&R APO Supplement 

 Acknowledged and Accepted: 

CHASE BANK USA, 
 NATIONAL ASSOCIATION, 

as Servicer 
  

					
		
	By:	 	    /s/ Todd Lehner
		 	Name:	 	Todd Lehner
		 	Title:	 	Managing Director

 CHASE ISSUANCE TRUST 

Third A&R APO Supplement 

 Exhibit A 
  

			
	 No. __
	  	One Unit

 FORM OF 

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

This Certificate represents an 

undivided interest in the 
 Chase
Issuance Trust 
 Evidencing an undivided interest in a trust, the corpus of which consists of Collateral, as defined in the
Asset Pool One Supplement described below. 
 (Not an interest in or a recourse obligation of Chase Bank USA, National Association or any Affiliate
thereof.) 
 This certifies that CHASE CARD FUNDING LLC (the “Holder”) is the registered owner of an
undivided interest in the Chase Issuance Trust (the “Issuing Entity” or the “Trust”), the corpus of which currently consists of the assets and interests constituting the Trust pursuant to the Third Amended and
Restated Asset Pool One Supplement, dated as of January 20, 2016, as the same may be further amended, supplemented or otherwise modified (the “Asset Pool One Supplement”), by and between the Trust and Wells Fargo Bank, National
Association, as Indenture Trustee (the “Indenture Trustee”) and Collateral Agent (the “Collateral Agent”), a summary of certain of the pertinent provisions of which is set forth below. 

To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Asset Pool One
Supplement. This Transferor Certificate is issued under and is subject to the terms, provisions and conditions of the Asset Pool One Supplement, to which Asset Pool One Supplement, as amended from time to time, the Holder by virtue of the acceptance
hereof assents and by which the Holder is bound. 
 This Certificate has not been registered or qualified under the
Securities Act of 1933, as amended, or any state securities law. No sale, transfer or other disposition of this 

  
 A-1 

 
Transferor Certificate shall be permitted other than in accordance with the provisions of Section 2.07 or 2.08 of the Transfer and Servicing Agreement. 

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

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

Chase Bank USA, National Association, as Servicer, is entitled to receive as servicing compensation a monthly servicing fee.
The portion of the servicing fee which will be allocable to the Holder of this Transferor Certificate pursuant to the Asset Pool One Supplement will be payable by the Holder of this Transferor Certificate and none of the Trust, the Owner Trustee,
the Indenture Trustee, the Collateral Agent or the Noteholders will have any obligation to pay such portion of the servicing fee. 

This Transferor Certificate does not represent a recourse obligation of, or any interest in, the Transferor or the Servicer,
and none of this Transferor Certificate, any Collateral Certificate, any Notes, the Accounts or Receivables are insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality. This Transferor
Certificate is limited in right of payment to certain Collections respecting the 

  
 A-2 

 
Receivables and the Collateral Certificates, all as more specifically set forth hereinabove and in the Asset Pool One Supplement. 

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

Unless the certificate of authentication hereon has been executed by or on behalf of the Indenture Trustee, by manual
signature, this Transferor Certificate shall not be entitled to any benefit under the Asset Pool One Supplement, or be valid for any purpose. 

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

  
 A-3 

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

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

 CERTIFICATE OF AUTHENTICATION 

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

 

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

 Date: __________ 

  
 A-4 

 Exhibit B 

ASSIGNMENT OF RECEIVABLES IN ADDITIONAL ACCOUNTS 

INCLUDED IN ASSET POOL ONE 
 (as
required by subsection 2.4(c)(v) of the Asset Pool One Supplement) 
 ASSIGNMENT NO.      OF
RECEIVABLES IN ADDITIONAL ACCOUNTS INCLUDED IN ASSET POOL ONE (this “Assignment”), dated as of                     
    ,         , by and between CHASE ISSUANCE TRUST the “Issuing Entity” or the “Trust”) and WELLS FARGO BANK, NATIONAL ASSOCIATION
(“Wells Fargo”) as collateral agent (in such capacity, the “Collateral Agent”), pursuant to the Asset Pool One Supplement referred to below, and acknowledged by Chase Bank USA, National Association, in its capacity
as servicer under the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of January 20, 2016 (as heretofore supplemented and amended, the “Transfer and Servicing Agreement”), among Chase Bank USA, National
Association, as administrator and servicer, Chase Card Funding LLC, as transferor, the Trust and Wells Fargo, as indenture trustee (in such capacity, the “Indenture Trustee”) and collateral agent (in such capacity, the
“Collateral Agent”). 
 W I T N E S S E T H: 

WHEREAS, the Trust, the Collateral Agent and the Indenture Trustee are parties to the Third Amended and Restated Asset Pool
One Supplement, dated as of January 20, 2016 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 

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

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

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

1. Defined Terms. All capitalized terms used herein shall have the meanings ascribed to them in the Asset Pool One
Supplement or, if not defined therein, in the Transfer and Servicing Agreement unless otherwise defined herein. 

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

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

  
 B-1 

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

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

3. Pledge of Receivables. 

(a) The Trust hereby grants to the Collateral Agent, for the benefit and security of the Asset Pool One Noteholders, the
Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, a security interest in all of its right, title and interest, whether owned on the Addition Cut-Off Date or thereafter acquired, in the Receivables
existing on the Addition Cut-Off Date or thereafter created in the Additional Asset Pool One Accounts, all Interchange and Recoveries related thereto, all monies due or to become due and all amounts received or receivable with respect thereto and
the “proceeds” (including “proceeds” as defined in the applicable UCC) thereof and Insurance Proceeds relating thereto to secure the Asset Pool One Notes (and the obligations under the Indenture and the Asset Pool One
Supplement), equally and ratably without prejudice, priority or distinction between any Asset Pool One Note by reason of difference in time of issuance or otherwise, except as otherwise expressly provided in the Indenture, or in the Indenture
Supplement which establishes any Series, Class or Tranche of Asset Pool One Notes, and to secure (i) the payment of all amounts due on such Asset Pool One Notes in accordance with their respective terms, (ii) the payment of all other sums
payable by the Trust under the Indenture, any Indenture Supplement and the Asset Pool One Supplement relating to the Asset Pool One Notes and (iii) compliance by the Trust with the provisions of the Indenture, any Indenture Supplement or the
Asset Pool One Supplement relating to the Asset Pool One Notes. This Assignment constitutes a security agreement under the UCC. 

(b) If necessary, the Trust agrees to record and file, at its own expense, financing statements (and continuation statements
when applicable) with respect to the Asset Pool One Receivables in Additional Asset Pool One Accounts existing on the Addition Cut-Off Date and thereafter created meeting the requirements of applicable state law in such manner and in such
jurisdictions as are necessary to perfect, and maintain perfection of, the sale and assignment of its interest in such Asset Pool One Receivables to the Collateral Agent, and to deliver a file-stamped copy of each such financing statement or other
evidence of such filing to 
  

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

  
 B-2 

 
the Collateral Agent on or prior to the Addition Date. The Collateral Agent shall be under no obligation whatsoever to file such financing or continuation statements or to make any filing under
the UCC in connection with such sale and assignment. 
 (c) In connection with such assignment, the Trust further agrees,
at its own expense, on or prior to the date of this Assignment, to indicate in the appropriate computer files that Receivables created in connection with the Additional Asset Pool One Accounts and designated hereby have been pledged to the
Collateral Agent pursuant to this Assignment for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity. 

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

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

5. Representations and Warranties of the Trust. The Trust hereby represents and warrants to the Collateral Agent, as
of the Addition Date (or such other date as is specified below), that: 
 (a) Conditions Precedent. All of the
requirements for the addition of Accounts set forth under subsection 2.12(c) of the Transfer and Servicing Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and
Servicing Agreement to be made on each Addition Date shall be true and correct in all material respects on such Addition Date; 

(b) Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the
Trust enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the
enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity); 

  
 B-3 

 (c) Eligibility of Additional Accounts. As of the Addition Cut-Off Date,
each Additional Account designated hereby was an Eligible Account; 
 (d) Insolvency. As of each of the Addition
Cut-Off Date and the Addition Date, no Insolvency Event with respect to the Trust has occurred and the assignment by the Trust of Receivables arising in the Additional Accounts to the Collateral Agent has not been made in contemplation of the
occurrence thereof; 
 (e) No Adverse Effect. The acquisition by the Collateral Agent of the Receivables arising in
the Additional Accounts shall not, in the reasonable belief of the Trust, result in an Adverse Effect; 
 (f) No
Conflict. The execution and delivery by the Trust of this Assignment, the performance of the transactions contemplated by this Assignment and the fulfillment of the terms hereof applicable to the Trust, will not conflict with or violate any
Requirements of Law applicable to the Trust or conflict with, result in any breach of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract,
agreement, mortgage, deed of trust or other instrument to which the Trust is a party or by which it or its properties are bound; 

(g) No Proceedings. There are no proceedings or investigations, pending or, to the best knowledge of the Trust,
threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting the invalidity of this Assignment, (ii) seeking to prevent the consummation of any of the
transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would materially and adversely affect the performance by the Trust of its obligations under this Assignment
or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Assignment; and 

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

6. Conditions Precedent. The acceptance by the Collateral Agent set forth in Section 4 hereof and the amendment
of the Asset Pool One Supplement pursuant to Section 7 hereof are each subject to the satisfaction of the conditions precedent set forth in subsection 2.4(c) of the Asset Pool One Supplement on or prior to the dates specified in such subsection
2.4(c), except to the extent any such conditions have been waived. For purposes of subsection 2.4(c)(ii) of the Asset Pool One Supplement, “Notice Date” shall having the meaning specified in Section 1 hereof. With respect to the
condition specified in subsection 2.4(c)(xi) of the Asset Pool One Supplement, on or prior to the date hereof, the Administrator, on behalf of the Issuing Entity, shall have delivered to the Collateral Agent a certificate of a Vice President or more
senior officer of the Administrator, substantially in the form of Schedule 2 hereto, certifying that all requirements set forth in clauses (iii) through (x) of subsection 2.4(c) of the Asset Pool One Supplement for designating and
conveying Receivables in Additional Asset Pool One Accounts have been satisfied or waived. The Collateral Agent may conclusively rely on such Officer’s 

  
 B-4 

 
Certificate, shall have no duty to make inquiries with regard to the matters set forth therein, and shall incur no liability in so relying. 

7. Amendment of the Asset Pool One Supplement. The Asset Pool One Supplement is hereby amended to provide that all
references therein to the “Asset Pool One Supplement,” to “this Asset Pool One Supplement” and to “herein” shall be deemed from and after the Addition Date to be a dual reference to the Asset Pool One Supplement as
supplemented by this Assignment. All references therein to Additional Asset Pool One Accounts shall be deemed to include the Additional Accounts designated hereby and all references therein to Asset Pool One Receivables shall be deemed to include
the Receivables pledged hereby. Except as expressly amended hereby, all of the representations, warranties, terms, covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall continue to be, and shall remain, in full
force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Asset Pool One
Supplement. 
 8. Counterparts. This Assignment may be executed in two or more counterparts, and by different
parties on separate counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. 

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

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

  
 B-5 

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

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

  

					
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent

  

					
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

 Acknowledged by: 
 CHASE
BANK USA, 
 NATIONAL ASSOCIATION, 
 as Servicer 

 

					
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

  
 B-6 

 Schedule 1 (to Exhibit B) 

LIST OF ADDITIONAL ASSET POOL ONE ACCOUNTS 

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

AS SCHEDULE 1 TO THIS ASSIGNMENT] 

  
 B-7 

 Schedule 2 (to Exhibit B) 

Chase Issuance Trust 

Officer’s Certificate 

                    
                , a duly authorized officer of Chase Bank USA, National Association, as administrator (the “Administrator”) for the Chase Issuance
Trust (the “Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of [his/her] knowledge the following statements are true on
                                     (the “Addition
Date”), and acknowledges on behalf of the Trust that this Officer’s Certificate will be relied upon by Wells Fargo Bank, National Association (“Wells Fargo”), as collateral agent (the “Collateral
Agent”) in connection with the Collateral Agent entering into Assignment No.          of Receivables in Additional Accounts, dated as of
                                     (the
“Assignment”), by and between the Trust and the Collateral Agent, in connection with the Third Amended and Restated Asset Pool One Supplement, dated as of January 20, 2016 (as heretofore supplemented and amended, the
“Asset Pool One Supplement”), by and between the Trust and Wells Fargo as indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Trust
that: 
 (a) Representations and Warranties. Each of the representations and warranties made by the Trust in
Section 5 of the Assignment is accurate as of the Addition Date. 
 (b) Conditions Precedent. All of the
requirements for the addition of Accounts set forth under clauses (iii) through (x) of subsection 2.4(c) of the Asset Pool One Supplement shall have been satisfied in all material respects on the Addition Date or waived. 

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

  
 B-8 

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

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

  

					
		
	By:	 	 
		 	Name:	 	
		 	Title:	 	

  
 B-9 

 Exhibit C 

FORM OF ASSIGNMENT OF AN ADDITIONAL COLLATERAL CERTIFICATE 

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

WHEREAS, the Trust and Wells Fargo, as Collateral Agent and Indenture Trustee, are parties to the Third Amended and Restated
Asset Pool One Supplement, dated as of January 20, 2016 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 

WHEREAS, pursuant to subsection 2.4(a) or 2.4(b) of the Asset Pool One Supplement, the Trust wishes to designate an Additional
Collateral Certificate to be included as an Asset Pool One Collateral Certificate and to pledge hereby such Additional Collateral Certificate to the Collateral Agent; and 

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

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

1. Defined Terms. All capitalized terms used herein shall have the meanings ascribed to them in the Asset Pool One
Supplement or, if not defined therein, in the Transfer and Servicing Agreement, unless otherwise defined herein. 

“Addition Date” shall mean, with respect to the Additional Collateral Certificate designated on Schedule 1
hereto,                                 . 

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

  
 C-1 

 2. Pledge of Additional Collateral Certificates. 

(a) The Trust does hereby grant to the Collateral Agent, for the benefit and security of the Asset Pool One Noteholders, the
Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, a security interest in all of its right, title and interest, whether now owned or hereafter acquired, in and to the Additional Collateral
Certificate. The foregoing does not constitute and is not intended to result in the creation or assumption by the Collateral Agent of any obligation of the Trust or any other Person in connection with the Additional Collateral Certificate or under
any agreement or instrument relating thereto, including any obligation to Obligors, merchant banks, merchants clearance systems, VISA®,
MasterCard®2 or insurers. This Assignment constitutes a security agreement under the UCC. 

(b) If necessary, the Trust agrees to record and file, at its own expense, financing statements (and continuation statements
when applicable) with respect to the Additional Collateral Certificate meeting the requirements of applicable state law in such manner and in such jurisdictions as are necessary to perfect, and maintain perfection of, the assignment of its interest
in such Additional Collateral Certificate to the Collateral Agent, and to deliver a file-stamped copy of each such financing statement or other evidence of such filing to the Collateral Agent on or prior to the Addition Date. Neither the Indenture
Trustee nor the Collateral Agent shall be under any obligation whatsoever to file such financing or continuation statements or to make any filing under the UCC in connection with such assignment. 

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

3. Acceptance by the Collateral Agent. The Collateral Agent hereby acknowledges its acceptance for the benefit and
security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the Collateral Agent, in its individual capacity, of a security interest in all right, title and interest to the Additional Collateral Certificate
which has been pledged to the Collateral Agent pursuant to Section 2(a) of this Assignment. 
 4. Representations
and Warranties of the Trust. The Trust hereby represents and warrants to the Collateral Agent, as of the Addition Date, that: 
  

 

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

  
 C-2 

 (a) Conditions Precedent. All of the requirements for the addition of
Additional Collateral Certificates set forth under subsection 2.12(c) of the Transfer and Servicing Agreement shall have been satisfied and all of the representations and warranties set forth under subsection 2.04(a) of the Transfer and Servicing
Agreement to be made on each Addition Date shall be true and correct in all material respects on such Addition Date; 
 (b)
Legal, Valid and Binding Obligation. This Assignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity
(whether considered in a suit at law or in equity); 
 (c) Eligibility of Additional Collateral Certificate. As of
the Addition Date, the Additional Collateral Certificate designated hereby is an Eligible Collateral Certificate; 
 (d)
Insolvency. As of the Addition Date, no Insolvency Event with respect to the Trust has occurred and the pledge by the Trust of the Additional Collateral Certificate to the Collateral Agent has not been made in contemplation of the occurrence
thereof; 
 (e) No Adverse Effect. The acquisition by the Collateral Agent of the Additional Collateral Certificate
shall not, in the reasonable belief of the Trust, result in an Adverse Effect; 
 (f) No Conflict. The execution and
delivery by the Trust of this Assignment, the performance of the transactions contemplated by this Assignment and the fulfillment of the terms hereof applicable to the Trust, will not conflict with or violate any Requirements of Law applicable to
the Trust or conflict with, result in any breach of any of the material terms and provisions of, or constitute (with or without notice or lapse of time or both) a material default under, any indenture, contract, agreement, mortgage, deed of trust or
other instrument to which the Trust is a party or by which it or its properties are bound; 
 (g) No Proceedings.
There are no proceedings or investigations, pending or, to the best knowledge of the Trust, threatened against the Trust before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality (i) asserting
the invalidity of this Assignment, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Assignment, (iii) seeking any determination or ruling that, in the reasonable judgment of the Trust, would
materially and adversely affect the performance by the Trust of its obligations under this Assignment or (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Assignment; and

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

5. Conditions Precedent. The acceptance by the Collateral Agent set forth in Section 3 hereof and the amendment
of the Asset Pool One Supplement pursuant to Section 6 

  
 C-3 

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

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

7. Counterparts. This Assignment may be executed in two or more counterparts (and by different parties on separate
counterparts), each of which shall be an original, but all of which shall constitute one and the same instrument. 
 8.
GOVERNING LAW. THIS ASSIGNMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 9. Limitation of Liability. It is expressly understood and agreed by
the parties hereto that (a) this Assignment is executed and delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Trust, in the exercise of the powers and authority
conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as personal representations, undertakings and agreements by WTC but is made and intended for
the purpose of binding only the Trust, (c) nothing herein contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained herein of the Trust, all such
liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness of any representations and
warranties made by the Trust in this Assignment and (e) under no circumstances shall WTC 

  
 C-4 

 
be personally liable for the payment of any indebtedness or expenses of the Trust or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken
by the Trust under this Assignment or any other related documents. 

  
 C-5 

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

			
	 CHASE ISSUANCE TRUST

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

		
	 By:
	 	 
		 	 Name:

		 	 Title:

	
	 WELLS FARGO BANK,

NATIONAL ASSOCIATION,
 as
Collateral Agent

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 C-6 

 Schedule 1 (to Exhibit C) 

LIST OF ADDITIONAL ASSET POOL ONE COLLATERAL CERTIFICATES 

  
 C-7 

 Schedule 2 (to Exhibit C) 

Chase Issuance Trust 

Officer’s Certificate 

                    
    , a duly authorized officer of Chase Bank USA, National Association, as administrator (the “Administrator”) for the Chase Issuance Trust (the “Issuing Entity” or the
“Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of [his/her] knowledge the following statements are true on
                         (the “Addition Date”), and acknowledges on behalf of the Trust that this
Officer’s Certificate will be relied upon by Wells Fargo Bank, National Association (“Wells Fargo”), as collateral agent (the “Collateral Agent”) in connection with the Collateral Agent entering into Assignment
No.          of an Additional Collateral Certificate, dated as of
                         (the “Assignment”), by and between the Trust and the Collateral Agent, in
connection with the Third Amended and Restated Asset Pool One Supplement, dated as of January 20, 2016 (as heretofore supplemented and amended, the “Asset Pool One Supplement”), by and between the Trust and Wells Fargo as
indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Trust that: 

(a) Conditions Precedent. All of the requirements for the addition of Additional Collateral Certificates set forth
under subsection 2.4(c) of the Asset Pool One Supplement shall have been satisfied in all material respects on the Addition Date. 

(b) Delivery of Assignment. On or before the Addition Date, with respect to the Additional Asset Pool One Collateral
Certificate, the Trust has delivered to the Collateral Agent the Assignment (including an acceptance by the Collateral Agent for the benefit and security of the Asset Pool One Noteholders, the Indenture Trustee, in its individual capacity and the
Collateral Agent, in its individual capacity). 
 (c) Legal, Valid and Binding Obligation. The Assignment
constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity). 

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

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

  
 C-8 

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

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

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

  
 C-9 

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

 

			
	 CHASE ISSUANCE TRUST

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

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 C-10 

 Exhibit D 

FORM OF REASSIGNMENT OF RECEIVABLES IN REMOVED ACCOUNTS 

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

WHEREAS, the Trust and the Collateral Agent are parties to the Third Amended and Restated Asset Pool One Supplement, dated as
of January 20, 2016 (hereinafter as such agreement may have been, or may from time to time be, amended, supplemented or otherwise modified, the “Asset Pool One Supplement”); 

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

WHEREAS, the Collateral Agent is willing to accept such designation and to reassign the Asset Pool One Receivables in the
Removed Asset Pool One Accounts subject to the terms and conditions hereof; 
 NOW, THEREFORE, the Owner Trustee, on behalf
of the Trust, and the Collateral Agent hereby agree as follows: 

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

“Removal Date” shall mean, with respect to the Removed Asset Pool One Accounts designated hereby,
_____________ 
 “Removal Notice Date” shall mean, with respect to the Removed Asset Pool One Accounts,
___________. 
 2.        Designation of Removed Asset Pool One Accounts. No
later than five Business Days after the Removal Date, or as otherwise agreed upon between the Trust and the 

  
 D-1 

 
Collateral Agent, the Trust will deliver to the Collateral Agent an accurate list, based on the computer records of, or kept on behalf of, the Transferor (in the form of a computer file,
microfiche list, CD-ROM or such other form as is agreed upon between the Transferor and the Collateral Agent) of all Removed Asset Pool One Accounts, identified by account number and the aggregate amount of Asset Pool One Principal Receivables in
each Removed Asset Pool One Account as of the Removal Cut-Off Date, which list shall, as of the Removal Date, modify and amend and be incorporated into and made a part of this Reassignment and the Asset Pool One Supplement. 

3.        Reassignment of Receivables. The Collateral Agent does hereby
reassign to the Trust, without recourse, on and after the Removal Date, all right, title and interest of the Collateral Agent in, to and under the Asset Pool One Receivables now existing and hereafter created from time to time in the Removed Asset
Pool One Accounts, all Interchange and Recoveries related thereto, all monies due or to become due (including all Asset Pool One Finance Charge Receivables) and all amounts received or receivable with respect thereto and all proceeds (as defined in
the UCC as in effect in the applicable jurisdiction) thereof (the “Removed Collateral”). 

4.        Conditions Precedent. The reassignment hereunder of the Asset Pool
One Receivables in the Removed Asset Pool One Accounts and the amendment of the Asset Pool One Supplement pursuant to Section 7 of this Reassignment are each subject to the satisfaction, on or prior to the Removal Date, of the conditions set
forth in subsection 2.5(b) of the Asset Pool One Supplement. 

5.        Representations and Warranties. The Trust hereby represents and
warrants to the Collateral Agent as of the Removal Date that: 

(a)        Legal, Valid and Binding Obligation. This Reassignment constitutes
a legal, valid and binding obligation of the Trust enforceable against the Trust, in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now
or hereafter in effect affecting the enforcement of creditors’ rights in general and the rights of creditors of national banking associations and except as such enforceability may be limited by general principles of equity (whether considered
in a suit at law or in equity); and 
 (b)        List of Removed Accounts.
The list of Removed Asset Pool One Accounts delivered pursuant to subsection 2.5(b)(ii) of the Asset Pool One Supplement, as of the Removal Date, is accurate in all material respects. 

6.        Representations and Warranties of the Servicer. No selection
procedures believed by the Servicer to be materially adverse to the interests of the Asset Pool One Noteholders were utilized in selecting the Removed Asset Pool One Accounts to be removed from the Trust and (I) a random selection procedure was
used by the Servicer in selecting the Removed Asset Pool One Accounts and only one such removal of randomly selected Accounts shall occur in the then current Monthly Period, (II) the Removed Asset Pool One Accounts arose pursuant to an affinity,
private-label, agent-bank, co-branding or other arrangement with a third party that has been cancelled by such third party or has expired without renewal and which by its 

  
 D-2 

 
terms permits the third party to repurchase the Removed Asset Pool One Accounts subject to such arrangement, upon such cancellation or non-renewal and the third party has exercised such
repurchase right or (III) the Removed Asset Pool One Accounts were selected using another method that will not preclude transfers from satisfying the conditions for sale accounting treatment under generally accepted accounting principles in effect
for reporting periods before November 15, 2009. 
 7.        Amendment of
the Asset Pool One Supplement. The Asset Pool One Supplement is hereby amended to provide that all references therein to the “Asset Pool One Supplement,” to “this Asset Pool One Supplement” and to “herein” shall be
deemed from and after the Removal Date to be a dual reference to the Asset Pool One Supplement as supplemented by this Reassignment. All references therein to the Asset Pool One Accounts shall be deemed not to include the Removed Asset Pool One
Accounts designated hereunder and all references to Asset Pool One Receivables shall be deemed not to include the Asset Pool One Receivables reassigned hereunder. Except as expressly amended hereby, all of the representations, warranties, terms,
covenants and conditions of the Asset Pool One Supplement shall remain unamended and shall continue to be, and shall remain, in full force and effect in accordance with its terms and except as expressly provided herein shall not constitute or be
deemed to constitute a waiver of compliance with or a consent to noncompliance with any term or provision of the Asset Pool One Supplement. 

8.        Release. 

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

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

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

  
 D-3 

 9.        Counterparts. This
Reassignment may be executed in two or more counterparts, and by different parties on separate counterparts, each of which shall be an original, but all of which shall constitute one and the same instrument. 

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

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

12.        Authorization. The Collateral Agent hereby authorizes the Trust, or
any agent designated by the Trust, to file any financing statements or continuation statements, and amendments to financing statements, in any jurisdictions and with any filing offices as the Trust may determine, in its sole discretion, are
necessary or advisable to reflect the reassignment to the Trust pursuant to Section 3 hereof. Such financing statements may describe the collateral in the same manner as described herein or may contain an indication or description of collateral
that describes such property in any other manner as the Trust may determine, in its sole discretion, is necessary, advisable or prudent to ensure the perfection of the security interest in the collateral granted to the Trust in connection herewith,
including, without limitation, describing such property as “all assets” or “all personal property.” 

  
 D-4 

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

			
	CHASE ISSUANCE TRUST
		
	By:	 	WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee
		
	By:	 	 
		 	Name:
		 	Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Collateral Agent
		
	By:	 	 
		 	Name:
		 	Title:

  
 D-5 

 Schedule 1 (to Exhibit D) 

LIST OF REMOVED ASSET POOL ONE ACCOUNTS 

[Delivered to the Owner Trustee] 

  
 D-6 

 Schedule 2-A (to Exhibit D) 

Chase Issuance Trust 

Officer’s Certificate 

__________________, a duly authorized officer of Chase Bank USA, National Association, as administrator (the
“Administrator”) for the Chase Issuance Trust (the “Issuing Entity” or the “Trust”), hereby certifies and acknowledges on behalf of the Trust that to the best of [his/her] knowledge the following
statements are true on _______________ (the “Removal Date”), and acknowledges on behalf of the Trust that this Officer’s Certificate will be relied upon by Wells Fargo Bank, National Association (“Wells
Fargo”), as collateral agent (the “Collateral Agent”) in connection with the Collateral Agent entering into Reassignment No. ___ of Receivables in Removed Accounts, dated as of _______________ (the
“Reassignment”), by and between the Trust and the Collateral Agent, in connection with the Third Amended and Restated Asset Pool One Supplement, dated as of January 20, 2016 (as heretofore supplemented and amended, the
“Asset Pool One Supplement”), by and between the Trust and Wells Fargo as indenture trustee (the “Indenture Trustee”) and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Trust
that: 
 (a)        Delivery of Reassignment. On or prior to the Removal
Date, the Trust has delivered to the Collateral Agent, for execution, the Reassignment and within five Business Days after the Removal Date, the Trust shall deliver to the Collateral Agent an accurate list, based on the computer records of, or kept
on behalf of, the Transferor (in the form of a computer file, microfiche list, CD-ROM or such other form as is agreed upon between the Transferor and the Collateral Agent) of the Removed Asset Pool One Accounts, identified by account number and the
aggregate amount of the Asset Pool One Receivables in each Removed Asset Pool One Account as of the Removal Cut-Off Date and such list shall, as of the Removal Date, modify and amend and be incorporated into and made a part of the Reassignment and
the Asset Pool One Supplement. 
 (b)        Legal, Valid and Binding
Obligation. The Reassignment constitutes a legal, valid and binding obligation of the Trust enforceable against the Trust in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or other similar laws now or hereafter in effect affecting the enforcement of creditors’ rights in general and the rights of creditors of national banking associations and except as such enforceability may be limited
by general principles of equity (whether considered in a suit at law or in equity). 

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

(d)        Conditions Precedent. All requirements set forth in
Section 2.5(b) of the Asset Pool One Supplement for designating Removed Asset Pool One Accounts and conveying 

  
 D-7 

 
the Asset Pool One Principal Receivables of such Asset Pool One Accounts, whether now existing or hereafter created, have been satisfied. 

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

  
 D-8 

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

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

  
 D-9 

 Schedule 2-B (to Exhibit D) 

Chase Bank USA, National Association 

Chase Issuance Trust 

Officer’s Certificate 

____________________, a duly authorized officer of Chase Bank USA, National Association, a national banking association (the
“Servicer”), hereby certifies and acknowledges on behalf of the Servicer that to the best of [her/his] knowledge the following statements are true on ___________ (the “Removal Date”), and acknowledges on behalf of
the Servicer that this Officer’s Certificate will be relied upon by Wells Fargo Bank, National Association, as Collateral Agent (the “Collateral Agent”) of the Chase Issuance Trust in connection with the Collateral Agent
entering into Reassignment No. ___ of Receivables in Removed Accounts, dated as of the related Removal Date (the “Reassignment”), by and between the Issuing Entity and the Collateral Agent, in connection with the Third Amended
and Restated Asset Pool One Supplement, dated as of January 20, 2016 (as heretofore supplemented and amended, the “Asset Pool One Supplement”), by and among the Trust, and Wells Fargo Bank, National Association, as Indenture
Trustee and Collateral Agent. The undersigned hereby certifies and acknowledges on behalf of the Servicer that: 

(a)        (x) a random selection procedure was used by the Servicer in selecting the
Removed Asset Pool One Accounts and only one such removal of randomly selected Accounts shall occur in the then current Monthly Period, (y) the Removed Asset Pool One Accounts arose pursuant to an affinity, private-label, agent-bank,
co-branding or other arrangement with a third party that has been cancelled by such third party or has expired without renewal and which by its terms permits the third party to repurchase the Removed Asset Pool One Accounts subject to such
arrangement, upon such cancellation or non-renewal and the third party has exercised such repurchase right or (z) the Removed Asset Pool One Accounts were selected using another method that will not preclude transfers from satisfying the
conditions for sale accounting treatment under generally accepted accounting principles in effect for reporting periods before November 15, 2009; and 

(b)        on or before the Removal Notice Date specified in the Reassignment, the
Servicer gave each Note Rating Agency written notice that the Asset Pool One Receivables from the Removed Asset Pool One Accounts are to be reassigned to the Trust or its designee, specifying the date for removal of the Removed Asset Pool One
Accounts. 
 Initially capitalized terms used herein and not otherwise defined are used as defined in the Asset Pool One
Supplement. 

  
 D-10 

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

			
	
	CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer
		
	By:	 	 
		 	Name:
		 	Title:

  
 D-11 

 Exhibit E-1 

Reserved 

  
 E-1-1 

 Exhibit E-2 

Reserved 

  
 E-2-1 

 Exhibit F 

CHASE ISSUANCE TRUST 

Asset Pool One Monthly Servicer’s Certificate 

Monthly Period: __, 20__ 
  

	1.	 Capitalized terms used in this certificate have their respective meanings set forth in the Fourth Amended and Restated Indenture, dated as of
January 20, 2016 (as amended, supplemented or otherwise modified, the “Indenture”), and the Third Amended and Restated Asset Pool One Supplement, dated as of January 20, 2016 (as amended, supplemented or otherwise
modified, the “Asset Pool One Supplement”), each between the Chase Issuance Trust and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent. 

 

	2.	 As of the date hereof, Chase Bank USA, National Association is the Servicer and Administrator under the Transfer and Servicing Agreement and Chase
Card Funding LLC is the Transferor. 

  

	3.	 The undersigned is a Responsible Officer of Servicer. 

  

	4.	 Collateral of Asset Pool One 

  

											
	 	  	 	    	Beginning Balance	 	    	Ending Balance	 
		  	 Principal Receivables
	    	 	—	  	    	 	                    —	  
		  	 Excess Funding Amount
	    	 	—	  	    	 	—	  
				
		  		    	  
	  
	 	    	  
	  
	 
		  	 TOTAL
	    	 	—	  	    	 	—	  
	 5a.
	  	The Nominal Liquidation Amount of all Asset Pool One Notes as of the last day of the related Monthly Period	    				    			
		  	 CHASEseries
	    				    	 	—	  
				
		  		    	  
	  
	 	    	  
	  
	 
		  	 TOTAL
	    				    	 	—	  
				
	 5b.
	  	Asset Pool One Transferor Amount for the related Monthly Period	    				    	 	—	  
	 5c.
	  	Asset Pool One Required Transferor Amount for the related Monthly Period	    				    	 	—	  
	 5d.
	  	Asset Pool One Pool Balance for the related Monthly Period	    				    	 	—	  
	 5e.
	  	Asset Pool One Minimum Pool Balance for the related Monthly Period	    				    	 	—	  
				
	 6a.
	  	The aggregate amount of Collections of Principal Receivables received by Asset Pool One for the related Monthly Period	    				    	 	—	  
	 6b.
	  	The aggregate amount of Collections of Principal Receivables allocated pursuant to Section 3.3 of the Asset Pool One Supplement for the related Monthly Period	    				    			
		  	 CHASEseries
	    	 	—%	 	    	 	—	  
				
		  		    	  
	  
	 	    	  
	  
	 
		  	 TOTAL
	    	 	—%	 	    	 	—	  

  
 F-1 

											
	 7a.
	  	The aggregate amount of Collections of Finance Charge Receivables received by Asset Pool One for the related Monthly Period	    				    	 	—	  
				
		  	Collections of Discount Receivables included in 7a above	    				    	 	—	  
				
	 7b.
	  	The aggregate amount of Collections of Finance Charge Receivables allocated pursuant to subsection 3.2(a) of the Asset Pool One Supplement for the related Monthly Period	    				    			
		  	 CHASEseries
	    	 	—%	 	    	 	—	  
				
		  		    	  
	  
	 	    	  
	  
	 
		  	 TOTAL
	    	 	—%	 	    	 	—	  
	 8a.
	  	The Asset Pool One Servicing Fee for the related Monthly Period	    				    	 	—	  
	 8b.
	  	The Asset Pool One Servicing Fee allocated to each Series pursuant to subsection 3.4(b) of the Asset Pool One Supplement for the related Monthly Period	    				    			
		  	 CHASEseries
	    	 	—%	 	    	 	—	  
				
		  		    	  
	  
	 	    	  
	  
	 
		  	 TOTAL
	    	 	—%	 	    	 	—	  
				
	 9a.
	  	The Asset Pool One Default Amount for the related Monthly Period	    				    	 	__	  
	 9b.
	  	The Asset Pool One Default Amount allocated to each Series pursuant to subsection 3.2(b) of the Asset Pool One Supplement for the related Monthly Period	    				    			
		  	 CHASEseries
	    	 	—%	 	    	 	—	  
				
		  		    	  
	  
	 	    	  
	  
	 
		  	 TOTAL
	    	 	—%	 	    	 	—	  

  

													
	 10.
	 	         Delinquencies as of the last day of the related Monthly Period
	  	  			
		 		  	Number of Accounts	  	 	Amount of Receivables	  	  	 
  
	Percentage of
 Receivables
	  
   

		 	 Pool Balance
	  		  				  			
		 	 Number of Days Delinquent
	  		  				  			
		 	 30-59 days
	  		  	 	$                                	  	  	 	—%	 
		 	 60-89 days
	  		  				  	 	—%	 
		 	 90-119 days
	  		  				  	 	—%	 
		 	 120-149 days
	  		  				  	 	—%	 
		 	 150-179 days
	  		  				  	 	—%	 
		 	 180 or more days
	  		  				  	 	—%	 
		 		  	  
	 
		 	 TOTAL
	  		  	 	$                                	  	  	 	—%	 

  
 F-2 

	11.	 Losses and Recoveries for the related Monthly Period 

  

			
	 	  	As of     ____, 20__
		
	 Average Pool Balance
	  	
		
	 Gross Losses3
	  	
		
	 Gross Losses as a Percentage of Average Pool Balance
	  	
		
	 Recoveries4
	  	
		
	 Net Losses5
	  	
		
	 Net Losses as a percentage of Average Pool Balance
	  	
		
	 Number of Accounts Charged Off During the Monthly Period
	  	
		
	 Average Net Loss Amount on Accounts Charged Off during the Monthly Period
	  	

  

	12.	 Change in Sponsor’s or affiliate’s interest in securities for the related Monthly Period 

 

									
	 	  	[LAST DAY OF
PREVIOUS MONTH]	  	[LAST DAY OF MONTH]
					
	 [Seller’s Interest
	  		  		  		  	
					
	 Seller’s Interest (%)]6
	  		  		  		  	
					
	 CHASEseries Notes held by the
 Sponsor or an
Affiliate7
	  	Tranche	  	Amount	  	Tranche	  	Amount

  

	3 	 Gross Losses are charge-offs of principal receivables. Gross Losses do not include the amount of any reductions in principal receivables due to
fraud, returned goods or customer disputes, the amount of which instead results in the reduction of the Asset Pool One Transferor Amount. 

	4 	 Recoveries are amounts received on previously charged-off receivables during the related Monthly Period, and allocated to the issuing entity pro
rata, based on the amount of gross losses in the issuing entity as a percentage of gross losses in the Servicer’s managed portfolio of credit card receivables for the related Monthly Period. 

	5 	 Net Losses are Gross Losses minus Recoveries. Net Losses do not include any reductions in principal receivables due to fraud, returned goods or
customer disputes, the amount of which instead results in the reduction of the Asset Pool One Transferor Amount. 

	6 	 [TO BE INCLUDED AFTER DECEMBER 24, 2016. The Seller’s Interest percentage is calculated by dividing the Seller’s Interest, which is
equal to the Asset Pool One Transferor Amount, by the aggregate unpaid principal balance of all outstanding investor asset-backed security interests in the Issuing Entity. The required risk retention percentage is 5%] 

	7 	 The securities listed here are not being relied upon to satisfy the U.S. Risk Retention Requirements (79 FR 77601). [The securities listed do not
include any securities held by any affiliate of the sponsor as a result of unsold allotments or in connection with market making activities.] 

  
 F-3 

													
					
		  	Class B(2010-3)	  	$	 	  	  	Class B(2010-3)	  	$	 	  
					
		  	Class B(2012-2)	  				  	Class B(2012-2)	  			
					
		  	Class B(2013-1)	  				  	Class B(2013-1)	  			
					
		  	Class B(2015-1)	  				  	Class B(2015-1)	  			
					
		  	Class C(2010-3)	  				  	Class C(2010-3)	  			
					
		  	Class C(2012-2)	  				  	Class C(2012-2)	  			
					
		  	Class C(2013-1)	  				  	Class C(2013-1)	  			
					
		  	Class C(2015-1)	  				  	Class C(2015-1)	  			
					
	 Total of CHASEseries Notes held by
 Sponsor or
an Affiliate
	  	
$                        

	  				  	
$                        

	  			

 IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Certificate on this date __, __. 

 

			
	 CHASE BANK USA, NATIONAL

ASSOCIATION, as Servicer

		
	By:	 	 
		 	Name:
		 	Title:

  
 F-4 

 Schedule 1 

LIST OF ASSET POOL ONE ACCOUNTS 

Delivered to the Collateral Agent 

[Deemed Incorporated] 

  
 Schedule 1-1EX-4.3

 Exhibit 4.3 

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

SECOND AMENDED AND RESTATED 

CHASESERIES INDENTURE SUPPLEMENT 

dated as of January 20, 2016 
 to

 FOURTH AMENDED AND RESTATED INDENTURE 

dated as of January 20, 2016 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	
	ARTICLE I	  
	
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  
			
	 Section 1.01
	 	Definitions	  	 	2	  
	 Section 1.02
	 	Governing Law	  	 	21	  
	 Section 1.03
	 	Counterparts	  	 	22	  
	 Section 1.04
	 	Ratification of Indenture	  	 	22	  
	
	ARTICLE II	  
	
	THE CHASESERIES NOTES	  
			
	 Section 2.01
	 	Creation and Designation	  	 	23	  
	 Section 2.02
	 	New Issuances of CHASEseries Notes	  	 	23	  
	 Section 2.03
	 	Required Subordinated Amount Conditions to Issuance of a Tranche of a Senior Class of CHASEseries Notes	  	 	24	  
	
	ARTICLE III	  
	
	ALLOCATIONS, DEPOSITS AND PAYMENTS	  
			
	 Section 3.01
	 	Allocations of Asset Pool One Finance Charge Collections and the Asset Pool One Default Amount to the CHASEseries Notes	  	 	26	  
	 Section 3.02
	 	Allocations of CHASEseries Available Finance Charge Collections	  	 	26	  
	 Section 3.03
	 	Targeted Deposits to the Interest Funding Account	  	 	27	  
	 Section 3.04
	 	Allocations of CHASEseries Available Finance Charge Collections to the Interest Funding Account and to the Interest Funding Sub-Accounts	  	 	28	  
	 Section 3.05
	 	Amounts to be Treated as CHASEseries Available Finance Charge Collections; Payments Received from Derivative Counterparties for Interest in a Foreign Currency; Other Deposits to the Interest Funding Sub-Accounts	  	 	29	  
	 Section 3.06
	 	Allocations of Reductions from Investor Charge-Offs to the Nominal Liquidation Amount of Subordinated Classes	  	 	30	  
	 Section 3.07
	 	Allocations of Reimbursements of Nominal Liquidation Amount Deficits	  	 	32	  
	 Section 3.08
	 	Allocations of Asset Pool One Principal Collections to the CHASEseries Notes	  	 	32	  
	 Section 3.09
	 	Application of CHASEseries Available Principal Collections	  	 	32	  
	 Section 3.10
	 	Allocation of CHASEseries Servicing Fee Shortfalls	  	 	35	  

							
	 Section 3.11
	 	Computation of Reductions to the Nominal Liquidation Amount of Subordinated Classes from Reallocations of CHASEseries Available Principal Collections	  	 	35	  
	 Section 3.12
	 	Targeted Deposits of CHASEseries Available Principal Collections to the Principal Funding Account and the Principal Funding Sub-Account	  	 	37	  
	 Section 3.13
	 	Allocations among Principal Funding Sub-Accounts	  	 	39	  
	 Section 3.14
	 	Amounts to be Treated as CHASEseries Available Principal Collections; Payments Received from Derivative Counterparties for Principal; Other Deposits to Principal Funding Sub-Accounts	  	 	41	  
	 Section 3.15
	 	Withdrawals from Interest Funding Account	  	 	42	  
	 Section 3.16
	 	Withdrawals from Principal Funding Account	  	 	43	  
	 Section 3.17
	 	Limit on Deposits to the Principal Funding Sub-Account of Subordinated Class of CHASEseries Notes; Limit on Repayments of all Tranches	  	 	45	  
	 Section 3.18
	 	Calculation of Nominal Liquidation Amount	  	 	46	  
	 Section 3.19
	 	[RESERVED]	  	 	47	  
	 Section 3.20
	 	Netting of Deposits and Payments	  	 	47	  
	 Section 3.21
	 	Pro Rata Payments within a Tranche	  	 	47	  
	 Section 3.22
	 	Sale of Collateral for Notes that are Accelerated or Reach Legal Maturity	  	 	47	  
	 Section 3.23
	 	Calculation of Prefunding Target Amount	  	 	49	  
	 Section 3.24
	 	Targeted Deposits to the Class C Reserve Account	  	 	51	  
	 Section 3.25
	 	Withdrawals from the Class C Reserve Account	  	 	52	  
	 Section 3.26
	 	Computation of Interest	  	 	53	  
	 Section 3.27
	 	Shared Excess Available Finance Charge Collections and Unapplied Master Trust Level Excess Finance Charge Collections	  	 	53	  
	 Section 3.28
	 	Shared Excess Available Principal Collections	  	 	54	  
	 Section 3.29
	 	Unapplied Master Trust Level Principal Collections	  	 	55	  
	 Section 3.30
	 	Allocations of Segregated CHASEseries Finance Charge Collections	  	 	55	  
	 Section 3.31
	 	Final Payment	  	 	55	  
	
	ARTICLE IV	  
	
	EARLY AMORTIZATION OF NOTES	  
	 Section 4.01
	 	Early Amortization Events	  	 	56	  
	
	ARTICLE V	  
	
	BANK ACCOUNTS AND INVESTMENTS	  
	 Section 5.01
	 	Bank Accounts	  	 	58	  
	
	ARTICLE VI	  
	
	CONCERNING THE OWNER TRUSTEE	  
	 Section 6.01
	 	Limitation of Liability	  	 	60	  

  
 ii 

 EXHIBITS 
  

			
	EXHIBIT A-1	  	FORM OF CLASS A NOTE
		
	EXHIBIT A-2	  	FORM OF CLASS B NOTE
		
	EXHIBIT A-3	  	FORM OF CLASS C NOTE
		
	EXHIBIT B	  	[RESERVED]
		
	EXHIBIT C	  	FORM OF CHASESERIES SCHEDULE TO MONTHLY NOTEHOLDERS’ STATEMENT

  
 iii 

 This SECOND AMENDED AND RESTATED CHASESERIES INDENTURE SUPPLEMENT, dated as of January 20,
2016 (this “Indenture Supplement”), between CHASE ISSUANCE TRUST (formerly known as Bank One Issuance Trust), a statutory trust organized under the laws of the State of Delaware (the “Issuing Entity”), having its principal office
at 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, in its capacity as Indenture Trustee (the “Indenture Trustee”) and as Collateral Agent for Asset Pool
One (the “Collateral Agent”). 
 Pursuant to the Original Indenture Supplement (as defined below), the Issuing Entity created a
Series (as defined below) of Notes (as defined in the Indenture), the CHASEseries, and specified the principal terms thereof. The CHASEseries Notes are secured by the Collateral in Asset Pool One. 

RECITALS OF THE ISSUING ENTITY 

WHEREAS, the Issuing Entity and the Indenture Trustee have heretofore executed and delivered a ONEseries Indenture Supplement, dated as of
May 1, 2002 (as amended, supplemented or otherwise modified, the “Original Indenture Supplement”), pursuant to which the Issuing Entity has issued Classes and Tranches of “ONEseries Notes”; 

WHEREAS, the Issuing Entity and the Indenture Trustee have heretofore executed and delivered the Amended and Restated CHASEseries Indenture
Supplement, dated as of October 15, 2004 (as amended, supplemented or otherwise modified, the “Amended and Restated Indenture Supplement”), pursuant to which the “ONEseries Notes” were known as the “CHASEseries
Notes”; 
 WHEREAS, the Issuing Entity and the Indenture Trustee desire to amend and restate the Amended and Restated Indenture
Supplement to read in its entirety as set forth below; and 
 WHEREAS, all conditions precedent to the execution of this Indenture
Supplement have been complied with; 
 NOW, THEREFORE, the Issuing Entity and the Indenture Trustee hereby agree that effective on and as of
the date hereof, the Amended and Restated Indenture Supplement is hereby amended and restated in its entirety as follows: 

  
 1 

 ARTICLE I 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01 Definitions. For all purposes of this Indenture Supplement, except as otherwise expressly provided or unless the
context otherwise requires: 
 (a) All terms used herein and not otherwise defined herein shall have meanings ascribed to them in the Trust
Agreement, the Indenture, the Transfer and Servicing Agreement or the Asset Pool One Supplement, as applicable. 
 (b) All terms defined in
this Indenture Supplement shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto unless otherwise defined therein. 

(c) As used in this Indenture Supplement and in any certificate or other document made or delivered pursuant hereto or thereto, accounting
terms not defined in this Indenture Supplement or in any such certificate or other document, and accounting terms partly defined in this Indenture Supplement or in any such certificate or other document to the extent not defined, shall have the
respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Indenture Supplement or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the
definitions contained in this Indenture Supplement or in any such certificate or other document shall control. 
 (d) In the event that any
term or provision contained herein shall conflict with or be inconsistent with any term or provision contained in the Indenture, the terms and provisions of this Indenture Supplement shall be controlling. 

(e) Each capitalized term defined herein shall relate only to the CHASEseries Notes and no other Series of Notes issued by the Issuing Entity.

 (f) Unless otherwise specified, references to any amount as on deposit or outstanding on any particular date shall mean such amount at
the close of business on such day. 
 (g) The words “hereof,” “herein,” “hereunder” and words of similar
import when used in this Indenture Supplement shall refer to this Indenture Supplement as a whole and not to any particular provision of this Indenture Supplement; references to any Article, subsection, Section, clause, Schedule or Exhibit are
references to Articles, subsections, Sections, clauses, Schedules and Exhibits in or to this Indenture Supplement unless otherwise specified; the term “including” means “including without limitation”; references to any law or
regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; references to any Person include that Person’s successors and assigns; and references to any agreement refer to such agreement,
as amended, supplemented or otherwise modified from time to time. 
 (h) In the event that the UCC, as in effect on the date hereof, is
revised, any reference herein to specific sections of the UCC shall be deemed to be references to any such successor sections. 
 (i)
Whenever used in this Indenture Supplement, the following words and phrases shall have the following meanings, and the definitions of such terms and phrases are applicable to the singular as well as the plural forms of such terms and to the
masculine as well as the neuter genders of such terms: 

  
 2 

 “Accumulation Commencement Date” means, for any Tranche of CHASEseries Notes,
the first calendar day of the month that is twelve (12) whole calendar months prior to the Scheduled Principal Payment Date for such Tranche of CHASEseries Notes; provided, however, that, if the Accumulation Period Length for such
Tranche of CHASEseries Notes is less than twelve (12) whole calendar months, the Accumulation Commencement Date will be the first calendar day of the month that is the number of whole calendar months prior to such Scheduled Principal Payment
Date at least equal to the Accumulation Period Length and, as a result, the number of Monthly Periods during the period from the Accumulation Commencement Date to and including the Monthly Period prior to such Scheduled Principal Payment Date will
at least equal the Accumulation Period Length. 
 “Accumulation Period Length” has the meaning specified in subsection
3.12(b)(ii). 
 “Aggregate Series Available Finance Charge Collections Shortfall” means, with respect to any Monthly Period
as determined on the related Determination Date, the sum of the Series Available Finance Charge Collections Shortfalls (as such term is defined in each of the applicable Indenture Supplements) for each Shared Excess Available Finance Charge
Collections Series in Shared Excess Available Finance Charge Collections Group A for such Monthly Period. 
 “Aggregate Series
Available Principal Collections Shortfall” means, with respect to any Monthly Period as determined on the related Determination Date, the sum of the Series Available Principal Collections Shortfalls (as such term is defined in each of the
applicable Indenture Supplements) for each Series of Asset Pool One Notes for such Monthly Period. 
 “Amortization Period”
means, with respect to any Tranche of CHASEseries Notes, each Monthly Period with respect to which a deposit is required to be made into the Principal Funding Sub-Account of such Tranche of CHASEseries Notes pursuant to subsection 3.09(e) and
Section 3.12. 
 “Asset Pool One” means the Asset Pool securing the CHASEseries Notes and any other Series of Notes if
so specified in the applicable Indenture Supplement for such Series of Notes. 
 “Asset Pool One Restriction Event” means,
(a) with respect to any Asset Pool One Collateral Certificate, the transferor for the related Master Trust becomes unable for any reason to transfer receivables to that Master Trust or (b) with respect to any Asset Pool One Account, a
Transfer Restriction Event occurs with respect to any Asset Pool One Receivables arising in such Asset Pool One Account. 
 “Asset
Pool One Supplement” means the Third Amended and Restated Asset Pool One Supplement to the Fourth Amended and Restated Indenture, dated as of January 20, 2016, between the Issuing Entity and Wells Fargo Bank, National Association, as
Indenture Trustee and as Collateral Agent for Asset Pool One. 

  
 3 

 “Bankruptcy Code” means the United States Bankruptcy Code located in Title 11 of
the United States Code. 
 “Base Rate” means, with respect to any Monthly Period, the sum of (1) the CHASEseries
Servicing Fee Percentage and (2) the weighted average (based on the Outstanding Dollar Principal Amount of the related CHASEseries Notes) of the following: 

(a) in the case of a Tranche of CHASEseries Dollar Notes that are also Interest-Bearing Notes with no Derivative Agreement for interest, the
rate of interest applicable to such Tranche for the period from and including the Monthly Interest Accrual Date for such Tranche of CHASEseries Dollar Notes that are also Interest-Bearing Notes in such Monthly Period to but excluding the Monthly
Interest Accrual Date for such Tranche of CHASEseries Dollar Notes that are also Interest-Bearing Notes in the following Monthly Period; 

(b) in the case of a Tranche of CHASEseries Notes with a Performing Derivative Agreement for interest, the rate at which payments by the
Issuing Entity to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the period from and including the Monthly Interest Accrual Date for such Tranche of CHASEseries Notes in such Monthly Period
to but excluding the Monthly Interest Accrual Date for such Tranche of CHASEseries Notes in the following Monthly Period; and 
 (c) in the
case of a Tranche of CHASEseries Notes with a non-Performing Derivative Agreement for interest, the rate specified in the related Terms Document. 

“CHASEseries Available Finance Charge Collections” has the meaning specified in Section 3.02. 

“CHASEseries Available Principal Collections” has the meaning specified in Section 3.09. 

“CHASEseries Default Amount” means, with respect to any Monthly Period, an amount equal to the product of (i) the
CHASEseries Floating Allocation Percentage and (ii) the Asset Pool One Default Amount for such Monthly Period. 
 “CHASEseries
Dollar Note” means a CHASEseries Note denominated in Dollars. 
 “CHASEseries Floating Allocation Percentage”
means, with respect to any Monthly Period, for the CHASEseries Notes, a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts of all Classes or Tranches of CHASEseries Notes as of the last day of the preceding Monthly Period
(exclusive of (x) any Class or Tranche of CHASEseries Notes which will be paid in full during such Monthly Period and (y) any Class or Tranche of CHASEseries Notes which will have a Nominal Liquidation Amount of zero during such Monthly
Period), or with respect to the first 

  
 4 

 
Monthly Period for any Class or Tranche of CHASEseries Notes, the Initial Dollar Principal Amount of such Class or Tranche plus the aggregate amount of any increase in the Nominal Liquidation
Amount of any Class or Tranche of CHASEseries Notes due to (x) the issuance of additional Notes of such Class or Tranche of CHASEseries Notes during such Monthly Period or (y) the release of Prefunding Excess Amounts (other than amounts
that were deposited into the applicable Principal Funding Sub-Account for such Class or Tranche of CHASEseries Notes during such Monthly Period) for such Class or Tranche of CHASEseries Notes from the applicable Principal Funding Sub-Account and the
denominator of which is equal to the greater of (a) the sum of (1) for each Asset Pool One Collateral Certificate, the numerator used to calculate the floating allocation percentage for that Collateral Certificate for the related Monthly
Period, plus (2) the Asset Pool One Average Principal Balance for such Monthly Period plus (3) the Excess Funding Amount for Asset Pool One following any deposit or withdrawal on the First Note Transfer Date in such Monthly Period and
(b) the sum of the numerators used to calculate the Noteholder Percentages for the allocation of Asset Pool One Finance Charge Collections, the Asset Pool One Default Amount or the Asset Pool One Servicing Fee, as applicable, for all Series of
Asset Pool One Notes for such Monthly Period. 
 “CHASEseries Foreign Currency Note” means a CHASEseries Note denominated
in a Foreign Currency. 
 “CHASEseries Noteholders” means the Holders of the CHASEseries Notes. 

“CHASEseries Notes” means the Series of Notes issued pursuant to the Indenture, the principal terms of which are set forth in
this Indenture Supplement. 
 “CHASEseries Principal Allocation Percentage” means, with respect to any Monthly Period, for
the CHASEseries Notes, a fraction, the numerator of which is equal to the sum of (1) for all Classes or Tranches of CHASEseries Notes in an Amortization Period (exclusive of (x) any Class or Tranche of CHASEseries Notes which will be paid
in full during such Monthly Period and (y) any Class or Tranche of CHASEseries Notes which will have a Nominal Liquidation Amount of zero during such Monthly Period), the sum of the Nominal Liquidation Amounts of all such Classes or Tranches of
CHASEseries Notes as of the close of business on the day prior to the commencement of the most recent Amortization Period for such Class or Tranche of the CHASEseries plus (2) for all other Classes or Tranches of CHASEseries Notes Outstanding
the sum of (a) the Nominal Liquidation Amount of such Classes or Tranches of CHASEseries Notes, as of the close of business on the last day of the immediately preceding Monthly Period, or with respect to the first Monthly Period for any Class
or Tranche of CHASEseries Notes, the Initial Dollar Principal Amount of such Class or Tranche plus (b) the aggregate amount of any increase in the Nominal Liquidation Amount of such Class or Tranche of CHASEseries Notes due to (x) the
issuance of additional Notes of such Class or Tranche of CHASEseries Notes during such Monthly Period or (y) the release of Prefunding Excess Amounts (other than amounts that were deposited into the applicable Principal Funding Sub-Account for
such Class or Tranche of CHASEseries Notes during such Monthly Period) for such Class or Tranche of 

  
 5 

 
CHASEseries Notes from the Principal Funding Account or applicable Principal Funding Sub-Account and the denominator of which is equal to the greater of (a) the sum of (1) for each
Asset Pool One Collateral Certificate, the numerator used to calculate the principal allocation percentage for that Collateral Certificate for the related Monthly Period, plus (2) the Asset Pool One Average Principal Balance for such Monthly
Period plus (3) the Excess Funding Amount for Asset Pool One following any deposit or withdrawal on the First Note Transfer Date in such Monthly Period and (b) the sum of the numerators used to calculate the Noteholder Percentages for the
allocation of Asset Pool One Principal Collections for all Series of Asset Pool One Notes for such Monthly Period. 
 “CHASEseries
Servicing Fee” means, with respect to any Monthly Period, the product of (i) the Asset Pool One Servicing Fee for such Monthly Period and (ii) the CHASEseries Floating Allocation Percentage for such Monthly Period. 

“CHASEseries Servicing Fee Percentage” means, with respect to any Monthly Period, the annualized percentage equivalent of a
fraction, the numerator of which is the CHASEseries Servicing Fee for such Monthly Period and the denominator of which is the Nominal Liquidation Amount used in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly
Period. 
 “Class” means the Class A Notes, the Class B Notes or the Class C Notes, as applicable. 

“Class A Note” means a CHASEseries Note specified in the applicable Terms Document as belonging to Class A. 

“Class A Required Subordinated Amount” means, with respect to any Tranche of Class A Notes on any date, the aggregate
Nominal Liquidation Amount of all Tranches of Class B Notes and/or Class C Notes, as the case may be, as specified in the applicable Terms Document for such Tranche of Class A Notes, that is required to be Outstanding and available on any date
in each Monthly Period during which such Tranche of Class A Notes is Outstanding. 
 “Class A Unused Subordinated Amount of
Class B Notes” means, with respect to any Tranche of Class A Notes on any date, an amount equal to the Class A Required Subordinated Amount of Class B Notes minus the Class A Usage of Class B Required Subordinated Amount,
each as of such date. 
 “Class A Unused Subordinated Amount of Class C Notes” means, with respect to any Tranche of
Class A Notes on any date, an amount equal to the Class A Required Subordinated Amount of Class C Notes minus the Class A Usage of Class C Required Subordinated Amount, each as of such date. 

“Class A Usage of Class B Required Subordinated Amount” means, with respect to any Tranche of Outstanding Class A Notes,
(x) on the date of issuance of such Tranche and on each date to but not including the initial First Note Transfer Date for such Tranche, zero and (y) on each date in the period from and including the initial First Note Transfer Date for
such Tranche to but not including the second First Note Transfer Date 

  
 6 

 
for such Tranche, the sum of the amounts set forth below and (z) on each date in the period from and including the second or any subsequent First Note Transfer Date for such Tranche to but
not including the next succeeding First Note Transfer Date, the Class A Usage of Class B Required Subordinated Amount as of the close of business on the prior First Note Transfer Date plus the sum of the amounts set forth below (in each case,
such amount shall not exceed the Class A Unused Subordinated Amount of Class B Notes for such Tranche of Class A Notes after giving effect to the previous clauses, if any): 

(a) an amount equal to the product of (A) a fraction, the numerator of which is the Class A Unused Subordinated Amount of Class B
Notes for such Tranche of Class A Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all Tranches of Class B Notes (as of the close of
business on the last day of the prior Monthly Period), times (B) the amount of Investor Charge-Offs initially allocated to Class B Notes pursuant to subsection 3.06(a) which did not result in a Class A Usage of Class C Required
Subordinated Amount for such Tranche of Class A Notes on such First Note Transfer Date; plus 
 (b) the amount of Investor Charge-Offs
initially allocated to such Tranche of Class A Notes pursuant to subsection 3.06(a) and then reallocated to Class B Notes pursuant to subsection 3.06(b) on such First Note Transfer Date; plus 

(c) the amount of CHASEseries Available Principal Collections reallocated on such First Note Transfer Date that will be deposited in the
Interest Funding Sub-Account for such Tranche of Class A Notes pursuant to subsection 3.09(a) on the applicable Note Transfer Date for such Tranche of Class A Notes which did not result in a Class A Usage of Class C Required
Subordinated Amount for such Tranche of Class A Notes on such First Note Transfer Date; plus 
 (d) the amount of CHASEseries Available
Principal Collections reallocated to pay any amount to the Servicer for such Tranche of Class A Notes pursuant to subsection 3.09(c) on such First Note Transfer Date which did not result in a Class A Usage of Class C Required Subordinated
Amount for such Tranche of Class A Notes on such First Note Transfer Date; minus 
 (e) an amount (not to exceed the Class A Usage
of Class B Required Subordinated Amount for such Tranche of Class A Notes after giving effect to the amounts computed pursuant to clauses (a) through (d) above) equal to the sum of (x) the product of (A) a fraction, the
numerator of which is the Class A Usage of Class B Required Subordinated Amount for such Tranche of Class A Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of any Tranche of Class B Notes on such
First Note Transfer Date) and the denominator of which is the aggregate Nominal Liquidation Amount Deficits of all Tranches of Class B Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of any Tranche of Class
B Notes on such First Note Transfer Date), times (B) the aggregate amount of the Nominal Liquidation Amount Deficits of all Tranches of Class B Notes which are reimbursed pursuant to subsection 3.07(b) on such First Note Transfer Date, plus
(y) if 

  
 7 

 
the aggregate Class A Usage of Class B Required Subordinated Amount for all Tranches of Class A Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount
Deficit of any Tranche of Class B Notes on such First Note Transfer Date) exceeds the aggregate Nominal Liquidation Amount Deficits of all Tranches of Class B Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit
of any Tranche of Class B Notes on such First Note Transfer Date), the product of: 
 (A) a fraction, the numerator of which is the amount
of such excess and the denominator of which is the aggregate Nominal Liquidation Amount Deficits of all Tranches of Class C Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of any Tranche of Class C Notes on
such First Note Transfer Date); times 
 (B) the aggregate amount of the Nominal Liquidation Amount Deficits of all Tranches of Class C
Notes which are reimbursed on such First Note Transfer Date pursuant to subsection 3.07(c); times 
 (C) a fraction, the numerator of which
is the Class A Usage of Class B Required Subordinated Amount for such Tranche of Class A Notes (prior to giving effect to such reimbursement) and the denominator of which is the Class A Usage of Class B Required Subordinated Amount
for all Tranches of Class A Notes (prior to giving effect to such reimbursement). 
 “Class A Usage of Class C Required
Subordinated Amount” means, with respect to any Tranche of Outstanding Class A Notes, (x) on the date of issuance of such Tranche, and on each date to but not including the initial First Note Transfer Date for such Tranche, zero
and (y) on each date in the period from and including the initial First Note Transfer Date for such Tranche to but not including the second First Note Transfer Date for such Tranche, the sum of the amounts set forth below and (z) on each
date in the period from and including the second or any subsequent First Note Transfer Date for such Tranche to but not including the next succeeding First Note Transfer Date, the Class A Usage of Class C Required Subordinated Amount as of the
close of business on the prior First Note Transfer Date plus the sum of the amounts set forth below (in each case, such amount shall not exceed the Class A Unused Subordinated Amount of Class C Notes for such Tranche of Class A Notes after
giving effect to the previous clauses, if any): 
 (a) an amount equal to the product of (A) a fraction, the numerator of which is the
Class A Unused Subordinated Amount of Class C Notes for such Tranche of Class A Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all
Tranches of Class C Notes (as of the close of business on the last day of the prior Monthly Period), times (B) the amount of Investor Charge-Offs initially allocated to Class C Notes pursuant to subsection 3.06(a) on such First Note Transfer
Date; plus 
 (b) the amount of Investor Charge-Offs initially allocated to such Tranche of Class A Notes pursuant to subsection 3.06(a)
and then reallocated to Class C Notes pursuant to subsection 3.06(b) on such First Note Transfer Date; plus 

  
 8 

 (c) an amount equal to the product of (A) a fraction, the numerator of which is the
Class A Unused Subordinated Amount of Class B Notes for such Tranche of Class A Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all
Tranches of Class B Notes (as of the close of business on the last day of the prior Monthly Period), times (B) the amount of Investor Charge-Offs initially allocated to Class B Notes pursuant to subsection 3.06(a) on such First Note Transfer
Date; plus 
 (d) the amount of CHASEseries Available Principal Collections reallocated on such First Note Transfer Date that will be
deposited in the Interest Funding Sub-Account for such Tranche of Class A Notes pursuant to subsection 3.09(a) on the applicable Note Transfer Date for such Tranche of Class A Notes; plus 

(e) an amount equal to the product of (A) a fraction, the numerator of which is the Class A Unused Subordinated Amount of Class B
Notes for such Tranche of Class A Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all Tranches of Class B Notes (as of the close of
business on the last day of the prior Monthly Period), times (B) the amount of CHASEseries Available Principal Collections reallocated on such First Note Transfer Date that will be deposited in the Interest Funding Sub-Account for any Tranche
of Class B Notes pursuant to subsection 3.09(b) on the applicable Note Transfer Date for such Tranche of Class B Notes; plus 
 (f) the
amount of CHASEseries Available Principal Collections reallocated to pay any amount to the Servicer for such Tranche of Class A Notes pursuant to subsection 3.09(c) on such First Note Transfer Date; plus 

(g) an amount equal to the product of (A) a fraction, the numerator of which is the Class A Unused Subordinated Amount of Class B
Notes for such Tranche of Class A Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all Tranches of Class B Notes (as of the close of
business on the last day of the prior Monthly Period), times (B) the amount of CHASEseries Available Principal Collections reallocated to pay any amount to the Servicer for any Tranche of Class B Notes pursuant to subsection 3.09(d) on such
First Note Transfer Date; minus 
 (h) an amount for such Tranche of Class A Notes (not to exceed the Class A Usage of Class C
Required Subordinated Amount for such Tranche of Class A Notes after giving effect to the amounts computed pursuant to clauses (a) through (g) above) equal to the product of (A) a fraction, the numerator of which is the
Class A Usage of Class C Required Subordinated Amount for such Tranche of Class A Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of any Tranche of Class C Notes on such First Note Transfer Date)
and the denominator of which is the aggregate Nominal Liquidation Amount Deficits of all Tranches of Class C Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of any Tranche of Class C Notes on such First
Note Transfer Date), times (B) the aggregate Nominal Liquidation Amount Deficits of all Tranches of Class C Notes which are reimbursed pursuant to subsection 3.07(c) on such First Note Transfer Date. 

  
 9 

 “Class B Allocation Percentage” means, with respect to any Monthly Period, for
the Class B Notes, a fraction, the numerator of which is equal to the sum of (1) for all Tranches of Class B Notes in an Amortization Period (exclusive of (x) any Tranche of Class B Notes which will be paid in full during such Monthly
Period and (y) any Tranche of Class B Notes which will have a Nominal Liquidation Amount of zero during such Monthly Period), the sum of the Nominal Liquidation Amounts of all such Tranches of Class B Notes as of the close of business on the
last day prior to the commencement of the most recent Amortization Period for such Tranche of Class B Notes plus (2) for all other Tranches of Class B Notes, the sum of (a) the Nominal Liquidation Amount of such Tranche of Class B Notes as
of the close of business on the last day of the immediately preceding Monthly Period, or with respect to the first Monthly Period for any Tranche of Class B Notes, the Initial Dollar Principal Amount of such Tranche of Class B Notes plus
(b) the aggregate amount of any increase in the Nominal Liquidation Amount of such Tranche of Class B Notes due to (x) the issuance of additional Class B Notes of such Tranche during such Monthly Period or (y) the release of
Prefunding Excess Amounts (other than Prefunding Excess Amounts deposited during such Monthly Period) for such Tranche of Class B Notes from the applicable Principal Funding Sub-Account, during such Monthly Period and the denominator of which is the
numerator of the CHASEseries Principal Allocation Percentage for such Monthly Period. 
 “Class B Note” means a CHASEseries
Note specified in the applicable Terms Document as belonging to Class B. 
 “Class B Required Subordinated Amount” means,
with respect to any Tranche of Class B Notes on any date, the aggregate Nominal Liquidation Amount of Class C Notes as specified in the applicable Terms Document for such Tranche of Class B Notes, that is required to be Outstanding and available on
any date in each Monthly Period during which such Tranche of Class B Notes is Outstanding. 
 “Class B Unused Subordinated Amount of
Class C Notes” means, with respect to any Tranche of Outstanding Class B Notes on any date, an amount equal to the Class B Required Subordinated Amount of Class C Notes minus the Class B Usage of the Class C Required Subordinated Amount,
each as of such date. 
 “Class B Usage of Class C Required Subordinated Amount” means, with respect to any Tranche of
Outstanding Class B Notes, (x) on the date of issuance of such Tranche and on each date to but not including the initial First Note Transfer Date for such Tranche, zero and (y) on each date in the period from and including the initial
First Note Transfer Date for such Tranche to but not including the second First Note Transfer Date for such Tranche, the sum of the amounts set forth below and (z) on each date in the period from and including the second or any subsequent First
Note Transfer Date for such Tranche to but not including the next succeeding First Note Transfer Date, the Class B 

  
 10 

 
Usage of Class C Required Subordinated Amount as of the close of business on the prior First Note Transfer Date plus the sum of the amounts set forth below (in each case, such amount shall not
exceed the Class B Unused Subordinated Amount of Class C Notes for such Tranche of Class B Notes after giving effect to the previous clauses, if any): 

(a) an amount equal to the product of (A) a fraction, the numerator of which is the Class B Unused Subordinated Amount of Class C Notes
for such Tranche of Class B Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all Tranches of Class C Notes (as of the close of business on the
last day of the prior Monthly Period), times (B) the amount of Investor Charge-Offs initially allocated to the Class C Notes pursuant to subsection 3.06(a) on such First Note Transfer Date; plus 

(b) an amount equal to the product of (A) a fraction, the numerator of which is the Nominal Liquidation Amount of such Tranche of Class B
Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all Tranches of Class B Notes (as of the close of business on the last day of the prior
Monthly Period), times (B) the sum of (i) the amount of Investor Charge-Offs initially allocated on such First Note Transfer Date to any Tranche of Class A Notes that has a Class A Unused Subordinated Amount of Class B Notes that
was included in Class A Usage of Class C Required Subordinated Amount plus (ii) the amount of Investor Charge-Offs initially allocated on such First Note Transfer Date to any Tranche of Class A Notes that has a Class A Unused
Subordinated Amount of Class B Notes that was included in Class A Usage of Class B Required Subordinated Amount; plus 
 (c) the amount
of Investor Charge-Offs initially allocated to such Tranche of Class B Notes pursuant to subsection 3.06(a), and then reallocated to Class C Notes pursuant to subsection 3.06(b) on such First Note Transfer Date; plus 

(d) an amount equal to the product of (A) a fraction, the numerator of which is the Nominal Liquidation Amount of such Tranche of Class B
Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all Tranches of Class B Notes (as of the close of business on the last day of the prior
Monthly Period), times (B) the amount of CHASEseries Available Principal Collections reallocated on such First Note Transfer Date that will be deposited in the Interest Funding Sub-Account for any Tranche of Class A Notes that has a
Class A Unused Subordinated Amount of Class B Notes pursuant to subsection 3.09(a) on the applicable Note Transfer Date for such Tranche of Class A Notes; plus 

(e) the amount of CHASEseries Available Principal Collections reallocated on such First Note Transfer Date that will be deposited in the
Interest Funding Sub-Account for such Tranche of Class B Notes pursuant to subsection 3.09(b) on the applicable Note Transfer Date for such Tranche of Class B Notes; plus 

  
 11 

 (f) an amount equal to the product of (A) a fraction, the numerator of which is the Nominal
Liquidation Amount of such Tranche of Class B Notes (as of the close of business on the last day of the prior Monthly Period) and the denominator of which is the aggregate Nominal Liquidation Amount of all Tranches of Class B Notes (as of the close
of business on the last day of the prior Monthly Period), times (B) the amount of CHASEseries Available Principal Collections reallocated to pay any amount to the Servicer for any Tranche of Class A Notes that has a Class A Unused
Subordinated Amount of Class B Notes, pursuant to subsection 3.09(c) on such First Note Transfer Date; plus 
 (g) the amount of CHASEseries
Available Principal Collections reallocated to pay any amount to the Servicer for such Tranche of Class B Notes pursuant to subsection 3.09(d) on such First Note Transfer Date; minus 

(h) an amount for such Tranche of Class B Notes (not to exceed the Class B Usage of Class C Required Subordinated Amount for such Tranche of
Class B Notes after giving effect to the amounts computed pursuant to clauses (a) through (g) above) equal to the product of (A) a fraction, the numerator of which is the Class B Usage of Class C Required Subordinated Amount for such
Tranche of Class B Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of any Tranche of Class C Notes on such First Note Transfer Date) and the denominator of which is the aggregate Nominal Liquidation Amount
Deficits of all Tranches of Class C Notes (prior to giving effect to any reimbursement of a Nominal Liquidation Amount Deficit of any Tranche of Class C Notes on such First Note Transfer Date), times (B) the aggregate Nominal Liquidation Amount
Deficits of all Tranches of Class C Notes which are reimbursed pursuant to subsection 3.07(c) on such First Note Transfer Date. 

“Class C Allocation Percentage” means, with respect to any Monthly Period, for the Class C Notes, a fraction, the numerator
of which is equal to the sum of (1) for all Tranches of Class C Notes in an Amortization Period (exclusive of (x) any Tranche of Class C Notes which will be paid in full during such Monthly Period and (y) any Tranche of Class C Notes
which will have a Nominal Liquidation Amount of zero during such Monthly Period), the sum of the Nominal Liquidation Amounts of all such Tranches of Class C Notes as of the close of business on the last day prior to the commencement of the most
recent Amortization Period for such Tranche of Class C Notes plus (2) for all other Tranches of Class C Notes, the sum of (a) the Nominal Liquidation Amount of such Tranche of Class C Notes as of the close of business on the last day of
the immediately preceding Monthly Period, or with respect to the first Monthly Period for any Tranche of Class C Notes, the Initial Dollar Principal Amount of such Tranche of Class C Notes plus (b) the aggregate amount of any increase in the
Nominal Liquidation Amount of such Tranche of Class C Notes due to the issuance of additional Class C Notes of such Tranche during such Monthly Period and the denominator of which is the numerator of the CHASEseries Principal Allocation Percentage
for such Monthly Period. 

  
 12 

 “Class C Note” means a CHASEseries Note specified in the applicable Terms
Document as belonging to Class C. 
 “Class C Reserve Account” means the trust bank account designated as such and
established pursuant to subsection 5.01(a). 
 “Class C Reserve Sub-Account” means, with respect to a Tranche of Class C
Notes, a Sub-Account to the Class C Reserve Account established pursuant to subsection 5.01(a). 
 “Controlled Accumulation
Amount” means, with respect to any Monthly Period for any Tranche of CHASEseries Notes, the amount defined in the applicable Terms Document for such Tranche of CHASEseries Notes; provided, however, that if the Accumulation
Period Length with respect to such Tranche is determined to be less than twelve (12) months pursuant to subsection 3.12(b)(ii), the Controlled Accumulation Amount for such Tranche of CHASEseries Notes will be equal to (x) the Initial
Dollar Principal Amount of such Tranche of CHASEseries Notes, divided by (y) the Accumulation Period Length. 
 “Derivative
Counterparty” has the meaning specified in the Indenture or, with respect to any Class or Tranche of CHASEseries Notes, means the entity identified in the applicable Terms Document for such Class or Tranche of CHASEseries Notes. 

“Early Amortization Event” means, with respect to a Series, Class or Tranche of CHASEseries Notes, the events specified in
Section 4.01 hereof and Section 11.01 of the Indenture. 
 “Excess Spread Percentage” means, with respect to the
CHASEseries, as determined on each Determination Date, the amount, if any, by which the Portfolio Yield for the related Monthly Period exceeds the Base Rate for such Monthly Period. 

“Floating Allocation Percentage” means, with respect to the CHASEseries Notes, the CHASEseries Floating Allocation Percentage
and has, with respect to any other Series of Asset Pool One Notes, the meaning specified in the applicable Indenture Supplement for such Series of Asset Pool One Notes. 

“Indenture” means the Fourth Amended and Restated Indenture, dated as of January 20, 2016, between the Issuing Entity
and the Indenture Trustee. 
 “Interest Funding Account” means the trust bank account designated as such and established
pursuant to subsection 5.01(a). 
 “Interest Funding Sub-Account” means each Sub-Account to the Interest Funding Account
established pursuant to subsection 5.01(a). 
 “Interest Funding Sub-Account Earnings” means, with respect to any Monthly
Period and any Tranche of CHASEseries Notes and the related Interest Funding Sub-Account, as determined on the related Determination Date, the investment earnings 

  
 13 

 
on funds in such Interest Funding Sub-Account (net of investment expenses and losses) for the period from and including the Business Day preceding the Monthly Interest Accrual Date for such
Tranche of CHASEseries Notes in such Monthly Period to but excluding the Business Day preceding the Monthly Interest Accrual Date for such Tranche of CHASEseries Notes in the immediately succeeding Monthly Period. 

“Interest Payment Date” has, with respect to any Class or Tranche of CHASEseries Notes, the meaning specified in the
applicable Terms Document for such Class or Tranche of CHASEseries Notes. 
 “Investor Charge-Off” means, with respect to
the First Note Transfer Date in each Monthly Period, the aggregate amount, if any, by which the CHASEseries Default Amount, if any, for the preceding Monthly Period exceeds the CHASEseries Available Finance Charge Collections for such Monthly Period
available after giving effect to clauses (a) and (b) of Section 3.02. 
 “Issuance Proceeds” means, with
respect to any Class or Tranche of CHASEseries Notes, the proceeds of the sale of CHASEseries Notes with respect to such Class or Tranche pursuant to the Indenture. 

“Legal Maturity Date” has, with respect to any Class or Tranche of CHASEseries Notes, the meaning specified in the applicable
Terms Document for such Class or Tranche of CHASEseries Notes. 
 “Master Owner Trust Servicer Default” means a
“Servicer Default” as defined in the Transfer and Servicing Agreement. 
 “Monthly Interest Accrual Date” means,
with respect to any Class or Tranche of CHASEseries Notes: 
 (a) each Interest Payment Date for such Class or Tranche of CHASEseries Notes,
and 
 (b) for any Monthly Period in which no Interest Payment Date occurs for such Class or Tranche of CHASEseries Notes, the date in such
Monthly Period corresponding numerically to the next Interest Payment Date for such Class or Tranche of CHASEseries Notes (or, if such Interest Payment Date is later than it otherwise would be because such Interest Payment Date would have fallen on
a day that is not a Business Day, the date in such Monthly Period corresponding numerically to the date on which the Interest Payment Date would have fallen had it been a Business Day for such Class or Tranche of CHASEseries Notes), or as otherwise
specified in the applicable Terms Document for such Class or Tranche of CHASEseries Notes; provided, however, that: 
 (i) for
the Monthly Period in which a Class or Tranche of CHASEseries Notes is issued, the date of issuance of such Class or Tranche of CHASEseries Notes will be the first Monthly Interest Accrual Date for such Monthly Period for such Class or Tranche of
CHASEseries Notes, 

  
 14 

 (ii) any date on which proceeds from a sale of Collateral following an Event of Default and
acceleration of any Class or Tranche of CHASEseries Notes are deposited into the Interest Funding Sub-Account for such Class or Tranche of CHASEseries Notes will be a Monthly Interest Accrual Date for such Class or Tranche of CHASEseries Notes, 

(iii) if there is no numerically corresponding date in such Monthly Period, then the Monthly Interest Accrual Date will be the last Business
Day of such Monthly Period, and 
 (iv) if such numerically corresponding date in such Monthly Period is not a Business Day, the Monthly
Interest Accrual Date will be the next following Business Day (unless such Business Day would fall in the following Monthly Period in which case the Monthly Interest Accrual Date will be the last Business Day of such earlier Monthly Period). 

“Monthly Principal Accrual Date” means, with respect to any Class or Tranche of CHASEseries Notes: 

(a) for any Monthly Period in which a Scheduled Principal Payment Date for such Class or Tranche of CHASEseries Note occurs, such Scheduled
Principal Payment Date, and 
 (b) for any Monthly Period in which no Scheduled Principal Payment Date occurs for such Class or Tranche of
CHASEseries Notes, the date in such Monthly Period corresponding numerically to the Scheduled Principal Payment Date (or, if the Scheduled Principal Payment Date is later than it otherwise would be because the Scheduled Principal Payment Date would
have fallen on a day that is not a Business Day, the date in such Monthly Period corresponding numerically to the date on which the Scheduled Principal Payment Date would have fallen had it been a Business Day for such Class or Tranche of
CHASEseries Notes); provided, however, that: 
 (i) any date on which Prefunding Excess Amounts are released from any
Principal Funding Account or applicable Principal Funding Sub-Account on or after the Scheduled Principal Payment Date for such Class or Tranche of CHASEseries Notes will be a Monthly Principal Accrual Date for such Class or Tranche of CHASEseries
Notes, 
 (ii) any date on which proceeds from a sale of Collateral following an Event of Default and acceleration of any Class or Tranche
of CHASEseries Notes are deposited into the Principal Funding Account or applicable Principal Funding Sub-Account for such Class or Tranche of CHASEseries Notes will be a Monthly Principal Accrual Date for such Class or Tranche of CHASEseries Notes,

 (iii) if there is no numerically corresponding date in such Monthly Period, then the Monthly Principal Accrual Date will be the last
Business Day of such Monthly Period, and 

  
 15 

 (iv) if such numerically corresponding date in such Monthly Period is not a Business Day, the
Monthly Principal Accrual Date will be the next following Business Day (unless such Business Day would fall in the following month in which case the Monthly Principal Accrual Date will be the last Business Day of such earlier Monthly Period). 

“Nominal Liquidation Amount” means, with respect to any Tranche of CHASEseries Notes, the amount calculated pursuant to
Section 3.18. The Nominal Liquidation Amount of a Class of CHASEseries Notes will be the sum of the Nominal Liquidation Amounts of all the Tranches of CHASEseries Notes of such Class. The Nominal Liquidation Amount of the CHASEseries will be
the sum of the Nominal Liquidation Amounts of all of the Tranches of CHASEseries Notes. 
 “Nominal Liquidation Amount
Deficit” means, with respect to any Tranche of CHASEseries Notes, the excess of the Adjusted Outstanding Dollar Principal Amount of that Tranche over the Nominal Liquidation Amount of that Tranche. 

“Noteholder Percentage” means, with respect to the CHASEseries, for any Monthly Period, (a) with respect to Finance
Charge Collections, the Default Amount and the Asset Pool One Servicing Fee, the CHASEseries Floating Allocation Percentage and (b) with respect to Principal Collections, the CHASEseries Principal Allocation Percentage. 

“Portfolio Yield” means, for any Monthly Period, the annualized percentage equivalent of a fraction: 

(1) the numerator of which is equal to the sum of: 

(a) Asset Pool One Finance Charge Collections allocated to the CHASEseries and Dollar payments received under Derivative Agreements in respect
of CHASEseries Notes for interest with respect to such Monthly Period; plus 
 (b) the investment earnings on amounts on deposit in the
Collection Account and the Excess Funding Account allocated to the CHASEseries for such Monthly Period; plus 
 (c) the aggregate amount of
Interest Funding Sub-Account Earnings for all Tranches of CHASEseries Notes for such Monthly Period; plus 
 (d) any amounts to be treated
as CHASEseries Available Finance Charge Collections remaining in any Interest Funding Sub-Account after a sale of Collateral during such Monthly Period as described in subsection 3.05(c)(ii), subsection 3.22(c)(ii) and subsection 3.22(d); minus 

(e) the aggregate of (i) the excess, if any, of the sum of the Principal Funding Sub-Account Earnings Shortfalls for all Tranches of
CHASEseries Notes for such Monthly Period over (ii) the Segregated CHASEseries Finance Charge Collections for the CHASEseries Notes for such Monthly Period available to cover such shortfalls pursuant to subsection 3.05(a) and Section 3.30;
minus 

  
 16 

 (f) the CHASEseries Default Amount for such Monthly Period; and 

(2) the denominator of which is the numerator used in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly
Period. 
 “Prefunding Excess Amount” means, with respect to any Tranche of a Senior Class of CHASEseries Notes for any
date, after giving effect to all issuances, allocations, deposits and payments with respect to that date, the aggregate amount on deposit in the Principal Funding Sub-Account of such Tranche of CHASEseries Notes that is in excess of the aggregate
amount targeted to be on deposit in such Principal Funding Sub-Account pursuant to Section 3.12. 
 “Prefunding Target
Amount” means, with respect to the Class A Notes and the Class B Notes, the amount calculated pursuant to Section 3.23. 

“Principal Funding Account” means the trust bank account designated as such and established pursuant to subsection 5.01(a).

 “Principal Funding Sub-Account” means each Sub-Account to the Principal Funding Account established pursuant to
subsection 5.01(a). 
 “Principal Funding Sub-Account Earnings” means, with respect to any Monthly Period and any Tranche
of CHASEseries Notes and the applicable Principal Funding Sub-Account, as determined on the related Determination Date, the investment earnings on funds in such Principal Funding Sub-Account (net of investment expenses and losses), for the
applicable Principal Funding Sub-Account Earnings Accrual Period. 
 “Principal Funding Sub-Account Earnings Accrual
Period” means, with respect to any Monthly Period and any Tranche of CHASEseries Notes, beginning with the date the balance in the applicable Principal Funding Sub-Account for such Tranche of CHASEseries Notes exceeds zero and continuing
for so long as there is a positive balance in the applicable Principal Funding Sub-Account for such Tranche of CHASEseries Notes, the period from and including the Business Day preceding the Monthly Interest Accrual Date for such Tranche of
CHASEseries Notes in such Monthly Period to but excluding the Business Day preceding the Monthly Interest Accrual Date for such Tranche of CHASEseries Notes in the immediately succeeding Monthly Period. 

“Principal Funding Sub-Account Earnings Shortfall” means, with respect to any Monthly Period and any Tranche of CHASEseries
Notes and the applicable Principal Funding Sub-Account, as determined on the related Determination Date, (a) the Principal Funding Sub-Account Earnings Target for such Tranche of CHASEseries Notes for such Monthly Period, minus (b) the
Principal Funding Sub-Account Earnings for such Monthly Period; provided, however, in no event shall the Principal Funding Sub-Account Earnings Shortfall be less than zero; provided, further, that the Principal Funding
Sub-Account Earnings Shortfall for the first Principal Funding Sub-Account Earnings Accrual Period for any Tranche of CHASEseries Notes, with respect to such Monthly Period, shall be zero. 

  
 17 

 “Principal Funding Sub-Account Earnings Target” means, with respect to any
Monthly Period and any Tranche of CHASEseries Notes and the applicable Principal Funding Sub-Account as determined on the related Determination Date, the Dollar amount of interest that would have accrued on funds in such Principal Funding
Sub-Account for the applicable Principal Funding Sub-Account Earnings Accrual Period for such Tranche of CHASEseries Notes if it had borne interest at the following rates: 

(a) in the case of a Tranche of CHASEseries Dollar Notes that is an Interest-Bearing Note with no Derivative Agreement for interest, at the
rate of interest applicable to that Tranche for the applicable Principal Funding Sub-Account Earnings Accrual Period; 
 (b) in the case of a
Tranche of CHASEseries Notes with a Performing Derivative Agreement for interest, at the rate at which payments by the Issuing Entity to the applicable Derivative Counterparty accrue (prior to the netting of such payments, if applicable) for the
applicable Principal Funding Sub-Account Earnings Accrual Period; and 
 (c) in the case of a Tranche of CHASEseries Notes with a
non-Performing Derivative Agreement for interest, at the rate specified in the related Terms Document for the applicable Principal Funding Sub-Account Earnings Accrual Period. 

More than one of the aforementioned rates of interest may be applicable to amounts on deposit in a Principal Funding Sub-Account for a Tranche of CHASEseries
Notes. 
 “Receivables Purchase Agreement” means the Receivables Purchase Agreement, dated as of January 20, 2016,
between Chase Bank USA, National Association and Chase Card Funding LLC. 
 “Remaining Series Finance Charge Shortfall”
means, with respect to any Monthly Period as determined on the related Determination Date, with respect to the CHASEseries, the excess, if any, of (a) the Series Available Finance Charge Collections Shortfall for such Monthly Period, over
(b) the Shared Excess Available Finance Charge Collections from other Series in Shared Excess Available Finance Charge Collections Group A allocated to the CHASEseries for such Monthly Period. 

“Remaining Series Principal Shortfall” means, with respect to any Monthly Period as determined on the related Determination
Date, with respect to the CHASEseries, the excess, if any, of (a) the Series Available Principal Collections Shortfall for such Monthly Period, over (b) the Shared Excess Available Principal Collections from other Series of Asset Pool One
Notes allocated to the CHASEseries for such Monthly Period. 
 “Required Excess Spread Percentage” means 0%;
provided, however, that the Issuing Entity may, from time to time, change such percentage (which will never be less than zero) (i) upon written notice to the Indenture Trustee, (ii) upon prior written confirmation from the
Note Rating Agencies that a Ratings Effect will not occur with respect to such change and (iii) provided the Issuing Entity reasonably believes, as evidenced by an Officer’s Certificate delivered to the Indenture Trustee, that such change
will not have an Adverse Effect. 

  
 18 

 “Required Subordinated Amount” means, with respect to any Tranche of a Senior
Class of CHASEseries Notes, the aggregate Nominal Liquidation Amount of a Subordinated Class of CHASEseries Notes, as specified in the applicable Terms Document for such Tranche of the Senior Class, that is required to be Outstanding and available
on any date in each Monthly Period during which the Senior Class is Outstanding. 
 “Revolving Period” means, with respect
to any Class or Tranche of CHASEseries Notes, each Monthly Period that is not part of the Amortization Period for that Class or Tranche of CHASEseries Notes. 

“Sales Proceeds” means, with respect to any Class or Tranche of CHASEseries Notes, the proceeds of the sale of Collateral
with respect to such Class or Tranche of CHASEseries Notes pursuant to Section 3.22. 
 “Scheduled Principal Payment
Date” has, with respect to any Class or Tranche of CHASEseries Notes, the meaning specified in the applicable Terms Document for such Class or Tranche of CHASEseries Notes. 

“Segregated CHASEseries Finance Charge Collections” means, with respect to any Monthly Period for any Tranche of CHASEseries
Notes with a Principal Funding Sub-Account Earnings Shortfall greater than zero for such Monthly Period, the product of (A) the Transferor Finance Charge Collections for such Monthly Period and (B) the percentage equivalent of a fraction
(i) the numerator of which is the amount of funds in the Principal Funding Sub-Account for such Tranche of CHASEseries Notes at the close of business on the last day of such Monthly Period and (ii) the denominator of which is equal to the
greater of (a) the aggregate amount of funds in the Principal Funding Sub-Account for all Tranches of CHASEseries Notes with a Principal Funding Sub-Account Earnings Shortfall greater than zero for such Monthly Period at the close of business
on the last day of such Monthly Period and (b) the denominator used in calculating the CHASEseries Floating Allocation Percentage for such Monthly Period minus the sum of the numerators used in calculating the Noteholder Percentages for the
allocation of Asset Pool One Finance Charge Collections for all Series of Asset Pool One Notes for such Monthly Period. 
 “Senior
Class” means (a) with respect to the Class B Notes, the Class A Notes, and (b) with respect to the Class C Notes, the Class A Notes and/or Class B Notes. 

“Series” has the meaning specified in the Indenture and, when used with respect to the Series of Notes issued pursuant to
this Indenture Supplement, means the CHASEseries. 
 “Series Available Finance Charge Collections Shortfall” means, with
respect to any Monthly Period as determined on the related Determination Date, (1) with respect to the CHASEseries, the excess, if any, of (a) the aggregate amount targeted to be 

  
 19 

 
paid or applied pursuant to subsections 3.02(a) through (f) over (b) the CHASEseries Available Finance Charge Collections with respect to such Monthly Period (excluding any amounts to
be applied in accordance with Section 3.27) and (2) with respect to any other Series, the amount set forth in the applicable Indenture Supplement for such Monthly Period; provided, however, that the Issuing Entity, when
authorized by an Officer’s Certificate, may amend or otherwise modify this definition of Series Available Finance Charge Collections Shortfall provided the Note Rating Agencies confirm in writing that the amendment or modification will not
cause a Ratings Effect with respect to any Outstanding CHASEseries Notes. 
 “Series Available Principal Collections
Shortfall” means, with respect to any Monthly Period as determined on the related Determination Date, (1) with respect to the CHASEseries, the excess, if any, of (a) the aggregate amount targeted to be paid or applied pursuant to
subsection 3.09(e) over (b) the CHASEseries Available Principal Collections (excluding any amounts to be applied in accordance with Sections 3.28 and 3.29) with respect to such Monthly Period remaining after application pursuant to subsections
3.09(a) through (d) and (2) with respect to any other Series of Asset Pool One Notes, the amount set forth in the applicable Indenture Supplement for such Monthly Period; provided, however, that the Issuing Entity, when
authorized by an Officer’s Certificate, may amend or otherwise modify this definition of Series Available Principal Collections Shortfall provided the Note Rating Agencies confirm in writing that the amendment or modification will not cause a
Ratings Effect with respect to any Outstanding CHASEseries Notes. 
 “Shared Excess Available Finance Charge Collections”
means, with respect to any Monthly Period as determined on the related Determination Date, with respect to Shared Excess Available Finance Charge Collections Group A, the sum of (i) the amount of CHASEseries Available Finance Charge Collections
with respect to such Monthly Period, available after application in accordance with subsections 3.02(a) through (f) and (ii) the Finance Charge Collections remaining after all required payments and deposits from all other Series identified
as belonging to Shared Excess Available Finance Charge Collections Group A which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Finance Charge Collections.” 

“Shared Excess Available Finance Charge Collections Group A” means the Shared Excess Available Finance Charge Collections
Group to which the CHASEseries has been designated for inclusion under subsection 3.27(a). 
 “Shared Excess Available Principal
Collections” means, with respect to any Monthly Period as determined on the related Determination Date, the sum of (i) with respect to the CHASEseries, the amount of CHASEseries Available Principal Collections (excluding any amounts to
be applied pursuant to Sections 3.28 and 3.29) for such Monthly Period available after application in accordance with subsections 3.09(a) through (e), (ii) with respect to any other Series of Asset Pool One Notes, the Asset Pool One Principal
Collections allocated to other Series of Notes in Asset Pool One remaining after all required payments and deposits, which the applicable Indenture Supplements for such Series specify are to be treated as “Shared Excess Available Principal
Collections” and (iii) the Excess Funding Amount for Asset Pool One (following any deposit or withdrawal made during such Monthly Period). 

  
 20 

 “Spot Exchange Rate” has the meaning specified in the related Terms Document.

 “Stated Principal Amount” has, with respect to any Class or Tranche of CHASEseries Notes, the meaning specified in the
related Terms Document for such Class or Tranche. 
 “Subordinated Class” means (a) with respect to the Class A
Notes, the Class B Notes and/or Class C Notes and (b) with respect to the Class B Notes, the Class C Notes. 
 “Targeted
Interest Deposit Amount” means, with respect to the CHASEseries Notes for any Note Transfer Date, the aggregate amount targeted to be deposited in the Interest Funding Account pursuant to Section 3.03 for such Note Transfer Date. 

“Targeted Principal Deposit Amount” means, with respect to the CHASEseries Notes for any Note Transfer Date, the aggregate
amount targeted to be deposited in the Principal Funding Account pursuant to Section 3.12 for such Note Transfer Date. 

“Transfer and Servicing Agreement” means the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of
January 20, 2016, among Chase Bank USA, National Association, as servicer and administrator, Chase Card Funding LLC, as the transferor, the Issuing Entity, and Wells Fargo Bank, National Association, as Indenture Trustee and Collateral Agent.

 “Transfer Restriction Event” has the meaning specified in the Receivables Purchase Agreement. 

“Transferor Finance Charge Collections” means, with respect to any Monthly Period, the product of (x) the Asset Pool One
Transferor Percentage and (y) the sum of (i) the Asset Pool One Finance Charge Collections for such Monthly Period and (ii) the investment earnings for such Monthly Period on amounts on deposit in the Collection Account and the Excess
Funding Account established for the benefit of all Asset Pool One Notes. 
 “Trust Agreement” means the Fourth Amended and
Restated Trust Agreement, dated as of January 20, 2016, between Chase Card Funding LLC, as Transferor and Beneficiary, and Wilmington Trust Company, as Owner Trustee. 

Section 1.02 Governing Law. THIS INDENTURE SUPPLEMENT WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE
STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

  
 21 

 Section 1.03 Counterparts. This Indenture Supplement may be executed in any number of
counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 

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

[END OF ARTICLE I] 

  
 22 

 ARTICLE II 

THE CHASESERIES NOTES 

Section 2.01 Creation and Designation. 

(a) There is a Series of Notes issued pursuant to the Indenture and this Indenture Supplement known as the “Chase Issuance Trust,
CHASEseries” or the “CHASEseries.” The CHASEseries is a multi-tranche Series that is issued in three Classes, the first of which shall be known as the “CHASEseries Class A Notes,” which notes shall belong to Class A;
the second of which shall be known as the “CHASEseries Class B Notes,” which notes shall belong to Class B; and the third of which shall be known as the “CHASEseries Class C Notes,” which notes shall belong to Class C. Each Class
of CHASEseries Notes may consist of one or more Tranches. 
 (b) The CHASEseries Notes shall be secured by the Collateral in Asset Pool One.
The CHASEseries shall be a Shared Excess Available Finance Charge Collections Series and shall be included in Shared Excess Available Finance Charge Collections Group A. The CHASEseries shall not be in any other Group (as defined in the Indenture).
The CHASEseries shall not be subordinated to any other Series of Notes secured by Asset Pool One. 
 (c) Notwithstanding the allocation
provisions of the Indenture, the Asset Pool One Supplement, each additional Asset Pool Supplement, this Indenture Supplement and the indenture supplements for each other Series of Notes, if any, to the extent that the CHASEseries Noteholders are
deemed to have any interest in any assets of the Issuing Entity allocated to other Notes, the CHASEseries Noteholders shall agree by acceptance of their CHASEseries Notes that their interest in those assets is subordinate to claims or rights of such
other Noteholders to those other assets. Further, the CHASEseries Noteholders shall agree by acceptance of their CHASEseries Notes that such agreement constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code.

 Section 2.02 New Issuances of CHASEseries Notes. The Issuing Entity may issue new Tranches of CHASEseries Notes (including
additional CHASEseries Notes of an Outstanding Tranche), so long as the following conditions precedent are satisfied: 
 (i)
on or before the date that the new issuance is to occur, the Issuing Entity will have delivered to the Indenture Trustee and each Note Rating Agency a Terms Document relating to the applicable Tranche of CHASEseries Notes; 

  
 23 

 (ii) if the issuance of CHASEseries Notes results in an increase in the targeted
deposit amount for any Class C Reserve Sub-Account for any Tranche of Class C Notes, on such issuance date the Issuing Entity will have funded such increase with a cash deposit to the Class C Reserve Sub-Account for such Tranche of Class C Notes;

 (iii) the conditions specified in Section 3.10 of the Indenture and Section 2.03 of this Indenture Supplement,
as applicable, are satisfied; and 
 (iv) any other conditions specified in the related Terms Document. 

Section 2.03 Required Subordinated Amount Conditions to Issuance of a Tranche of a Senior Class of CHASEseries Notes. 

(a) Class A Required Subordinated Amount of Class B Notes. On the issuance date of a Tranche of Class A Notes, immediately after
giving effect to such issuance, the available subordinated amount of Class B Notes for such Tranche of Class A Notes must be at least equal to the Class A Required Subordinated Amount of Class B Notes for such Tranche of Class A
Notes. For purposes of this Section 2.03, the available subordinated amount of Class B Notes for such Tranche of Class A Notes as of any date means: 

(i) the aggregate Nominal Liquidation Amount of all Outstanding Tranches of Class B Notes on that date, after giving effect to
any issuances, deposits, allocations, reallocations or payments to be made on that date; plus 
 (ii) the aggregate amount
of all Class A Usage of Class B Required Subordinated Amount by any Outstanding Tranche of Class A Notes on that date, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date; minus

 (iii) the aggregate amount of the Class A Required Subordinated Amount of Class B Notes for all other Tranches of
Outstanding Class A Notes on that date, after giving effect to any issuances, deposits, allocations, reallocations or payments with respect to Class A Notes to be made on that date. 

(b) Class A Required Subordinated Amount of Class C Notes. On the issuance date of a Tranche of Class A Notes, immediately after
giving effect to such issuance, the available subordinated amount of Class C Notes for such Tranche of Class A Notes must be at least equal to the Class A Required Subordinated Amount of Class C Notes for such Tranche of Class A
Notes. For purposes of this Section 2.03, the available subordinated amount of Class C Notes for such Tranche of Class A Notes as of any date means: 

(i) the aggregate Nominal Liquidation Amount of all Outstanding Tranches of Class C Notes on that date, after giving effect to
any issuances, deposits, allocations, reallocations or payments to be made on that date; plus 

  
 24 

 (ii) the aggregate amount of all Class A Usage of Class C Required
Subordinated Amount by any Outstanding Tranche of Class A Notes on that date, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date; minus 

(iii) the aggregate amount of Class A Required Subordinated Amount of Class C Notes for all other Tranches of Outstanding
Class A Notes on that date, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date. 

(c) Class B Required Subordinated Amount of Class C Notes. On the issuance date of a Tranche of Class B Notes, immediately after giving effect
to such issuance, the available subordinated amount of Class C Notes for such Tranche of Class B Notes must be at least equal to the Class B Required Subordinated Amount of Class C Notes for such Tranche of Class B Notes. For purposes of this
Section 2.03, the available subordinated amount of Class C Notes for such Tranche of Class B Notes as of any date means: 

(i) the aggregate Nominal Liquidation Amount of all Outstanding Tranches of Class C Notes on that date, after giving effect to
any issuances, deposits, allocations, reallocations or payments to be made on that date; plus 
 (ii) the sum of
(x) the aggregate amount of all Class B Usage of Class C Required Subordinated Amount by any Outstanding Tranche of Class B Notes on that date and (y) the aggregate amount of Class A Usage of Class C Required Subordinated Amount by
any Outstanding Tranche of Class A Notes with a Class A Required Subordinated Amount of Class B Notes equal to zero, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date; minus 

(iii) the sum of (x) the aggregate amount of Class B Required Subordinated Amount of Class C Notes for all other Tranches
of Outstanding Class B Notes on that date and (y) the aggregate amount of Class A Required Subordinated Amount of Class C Notes for all Outstanding Tranches of Class A Notes with a Class A Required Subordinated Amount of Class B
Notes equal to zero, after giving effect to any issuances, deposits, allocations, reallocations or payments to be made on that date. 
 (d)
Alteration of the Required Subordinated Amount. The Issuing Entity shall be permitted to change the Required Subordinated Amount for any Tranche of CHASEseries Notes, or the method of computing the Required Subordinated Amount at any time without
the consent of Noteholders provided the conditions specified in Section 3.11 of the Indenture are satisfied. 
 [END OF ARTICLE II] 

  
 25 

 ARTICLE III 

ALLOCATIONS, DEPOSITS AND PAYMENTS 

Section 3.01 Allocations of Asset Pool One Finance Charge Collections and the Asset Pool One Default Amount to the
CHASEseries Notes. 
 (a) With respect to each Monthly Period, the Collateral Agent, at the written direction of the Servicer, shall
allocate to the CHASEseries Notes or any Class or Tranche of CHASEseries Notes an amount equal to the product of (i) the CHASEseries Floating Allocation Percentage and (ii) the sum of the Asset Pool One Finance Charge Collections for such
Monthly Period and the investment earnings for such Monthly Period on amounts on deposit in the Collection Account and the Excess Funding Account established for the benefit of all Asset Pool One Notes. 

(b) With respect to each Monthly Period, the Collateral Agent, at the written direction of the Servicer, shall allocate to the CHASEseries
Notes an amount equal to the CHASEseries Default Amount for such Monthly Period. 
 (c) With respect to each Monthly Period, the Collateral
Agent, at the written direction of the Servicer, shall allocate to the CHASEseries Notes an amount equal to the CHASEseries Servicing Fee for such Monthly Period. 

Section 3.02 Allocations of CHASEseries Available Finance Charge Collections. With respect to each Monthly Period, the Indenture
Trustee, at the written direction of the Servicer, will apply an amount equal to the sum of (i) Asset Pool One Finance Charge Collections allocated to the CHASEseries pursuant to subsection 3.01(a), (ii) any amounts to be treated as
CHASEseries Available Finance Charge Collections pursuant to subsections 3.05(a) and 3.22(d), (iii) any Shared Excess Available Finance Charge Collections from other Series in Shared Excess Available Finance Charge Collections Group A allocated
to the CHASEseries pursuant to Section 3.27 and (iv) any amounts to be treated as CHASEseries Available Finance Charge Collections pursuant to any Terms Document (such amounts, the “CHASEseries Available Finance Charge
Collections”) as follows: 
 (a) first, on the applicable Note Transfer Date for each Tranche of CHASEseries Notes, to make the
targeted deposits to the Interest Funding Account pursuant to Section 3.03; 
 (b) second, on the First Note Transfer Date, to pay to
the Servicer the CHASEseries Servicing Fee plus any previously due and unpaid CHASEseries Servicing Fee; 
 (c) third, on the First Note
Transfer Date, to be treated as CHASEseries Available Principal Collections for application in accordance with Section 3.09 in an amount equal to the CHASEseries Default Amount for the related Monthly Period; 

  
 26 

 (d) fourth, on the First Note Transfer Date, to be treated as CHASEseries Available Principal
Collections pursuant to Section 3.07 for application in accordance with Section 3.09 in an amount equal to the aggregate Nominal Liquidation Amount Deficit, if any, of the CHASEseries Notes; 

(e) fifth, on the applicable Note Transfer Date for each Tranche of Class C Notes, to make the targeted deposit to the Class C Reserve
Account, if any, pursuant to Section 3.24; 
 (f) sixth, on the applicable Note Transfer Date for each Tranche of CHASEseries Notes, to
make any other payments or deposits required by the Terms Documents of any Class or Tranche of CHASEseries Notes; 
 (g) seventh, on the
First Note Transfer Date, to be treated as Shared Excess Available Finance Charge Collections for application in accordance with Section 3.27; 

(h) eighth, on the First Note Transfer Date, to be applied pursuant to Section 3.13 of the Indenture as “Unapplied Excess Finance
Charge Collections” from Shared Excess Available Finance Charge Collections Group A; and 
 (i) ninth, on the First Note Transfer Date,
to the Transferor. 
 Section 3.03 Targeted Deposits to the Interest Funding Account. The deposit targeted pursuant to
subsection 3.02(a) with respect to any Monthly Period to be deposited to the Interest Funding Account on the applicable Note Transfer Date in the following Monthly Period for each Tranche of CHASEseries Notes shall equal the sum of the following
amounts. A single Tranche of CHASEseries Notes may be entitled to more than one of the following targeted deposits. The targeted deposit with respect to any Monthly Period shall also include any shortfall in the targeted deposit with respect to any
prior Monthly Period which has not been previously deposited. 
 (a) Interest Payments. The deposit targeted for any Tranche of
Outstanding Interest-bearing Notes with respect to any Monthly Period to be deposited on the applicable Note Transfer Date will be equal to the amount of interest accrued on the Outstanding Dollar Principal Amount of that Tranche of CHASEseries
Notes during the period from and including the Monthly Interest Accrual Date in such Monthly Period (or, in the case of the first Monthly Interest Accrual Date with respect to that Tranche of CHASEseries Notes, from and including the date of
issuance of that Tranche of CHASEseries Notes) to but excluding the Monthly Interest Accrual Date in the following Monthly Period. 
 (b)
Amounts Owed to Derivative Counterparties. If a Tranche of Outstanding CHASEseries Dollar Notes or CHASEseries Foreign Currency Notes that has a Performing or non-Performing Derivative Agreement for interest provides for a

  
 27 

 
payment to the applicable Derivative Counterparty, the deposit targeted for that Tranche of CHASEseries Notes with respect to such Monthly Period to be deposited on the applicable Note Transfer
Date with respect to any payment to the Derivative Counterparty will be specified in the applicable Terms Document for such Tranche of CHASEseries Notes. 

(c) [RESERVED] 
 (d)
Specified Deposits. If the Terms Document for a Tranche of CHASEseries Notes specifies a deposit in addition to or different from the deposits described above to be made to the Interest Funding Sub-Account for that Tranche of CHASEseries
Notes, the deposit targeted for that Tranche of CHASEseries Notes with respect to such Monthly Period and the applicable Note Transfer Date will be such specified amount. 

(e) Additional Interest. Unless otherwise specified in the applicable Terms Document, the deposit targeted for any Tranche of
Outstanding Notes that has accrued and overdue interest will include the interest accrued on that overdue interest during the period from and including the prior Monthly Interest Accrual Date to but excluding the current Monthly Interest Accrual
Date at the rate of interest applicable to the principal of such Tranche during that period. 
 Section 3.04 Allocations of
CHASEseries Available Finance Charge Collections to the Interest Funding Account and to the Interest Funding Sub-Accounts. The aggregate amount to be deposited to the Interest Funding Account pursuant to subsection 3.02(a) will, at the written
direction of the Servicer, be allocated, and a portion deposited, into the Interest Funding Sub-Account for each Tranche of CHASEseries Notes on the applicable Note Transfer Date as follows: 

(a) CHASEseries Available Finance Charge Collections at Least Equal to or Greater Than Targeted Amounts. If the amount of funds
available for a Monthly Period pursuant to Section 3.02 is at least equal to or greater than the aggregate amount of the deposits and payments targeted by Section 3.03 with respect to such Monthly Period, then the full amount of each such
deposit and payment will be made to the applicable Interest Funding Sub-Accounts. 
 (b) CHASEseries Available Finance Charge Collections
are Less than Targeted Amounts. If the amount of funds available for a Monthly Period pursuant to Section 3.02 is less than the aggregate amount of the deposits targeted by Section 3.03 with respect to such Monthly Period, then the
amount available will be allocated to each Tranche of CHASEseries Notes as follows: 
 (i) first, to each Tranche of
Class A Notes pro rata based on the ratio of (A) the aggregate amount of the deposits targeted by Section 3.03 with respect to that Tranche of Class A Notes, to (B) the aggregate amount of the deposits targeted by
Section 3.03 with respect to all Tranches of Class A Notes, and 

  
 28 

 (ii) second, to each Tranche of Class B Notes pro rata based on the ratio of
(A) the aggregate amount of the deposits targeted by Section 3.03 with respect to that Tranche of Class B Notes, to (B) the aggregate amount of the deposits targeted by Section 3.03 with respect to all Tranches of Class B Notes,
and 
 (iii) third, to each Tranche of Class C Notes pro rata based on the ratio of (A) the aggregate amount of the
deposits targeted by Section 3.03 with respect to that Tranche of Class C Notes, to (B) the aggregate amount of the deposits targeted by Section 3.03 with respect to all Tranches of Class C Notes. 

Section 3.05 Amounts to be Treated as CHASEseries Available Finance Charge Collections; Payments Received from Derivative
Counterparties for Interest in a Foreign Currency; Other Deposits to the Interest Funding Sub-Accounts. The following deposits and payments will be made on the following dates: 

(a) Amounts to be Treated as CHASEseries Available Finance Charge Collections. In addition to Available Finance Charge Collections
allocated to the CHASEseries pursuant to subsection 3.01(a), any Shared Excess Available Finance Charge Collections from other Series in Shared Excess Available Finance Charge Collections Group A pursuant to Section 3.27 and any amounts to be
treated as CHASEseries Available Finance Charge Collections pursuant to any Terms Document, the following amounts shall be treated as CHASEseries Available Finance Charge Collections for application in accordance with this Article III with respect
to any Monthly Period: 
 (i) Segregated CHASEseries Finance Charge Collections. The aggregate amount of Segregated
CHASEseries Finance Charge Collections allocable to each Tranche of CHASEseries Notes which is used to cover the aggregate Principal Funding Sub-Account Earnings Shortfall for each Tranche of CHASEseries Notes pursuant to Section 3.30. 

(ii) Dollar Payments from Derivative Counterparties for Interest. Dollar payments received under Derivative Agreements
for interest for any Tranche of CHASEseries Notes. 
 (iii) Sub-Account Earnings. The aggregate amount of Principal
Funding Sub-Account Earnings from all Principal Funding Sub-Accounts and the aggregate amount of Interest Funding Sub-Account Earnings from all Interest Funding Sub-Accounts. 

(b) Foreign Currency Payments From Derivative Counterparties for Interest. Payments received under Derivative Agreements for
CHASEseries Notes with interest payable in a Foreign Currency will be applied as specified in the applicable Terms Document. 

  
 29 

 (c) Other Deposits to the Interest Funding Sub-Accounts. 

(i) Class C Reserve Account. Withdrawals made from the Class C Reserve Account pursuant to subsection 3.25(a) will be
deposited into the applicable Interest Funding Sub-Account for the applicable Tranche of Class C Notes on the applicable Note Transfer Date for such Tranche of Class C Notes. 

(ii) Sales Proceeds. Sales Proceeds received by the Issuing Entity pursuant to subsection 3.22(c)(ii) for any Tranche
of CHASEseries Notes will be deposited into the applicable Interest Funding Sub-Account on the date of receipt by the Issuing Entity. 

(iii) Other Amounts. The Terms Document for any Tranche may include additional amounts which are to be deposited into
the applicable Interest Funding Sub-Account on each applicable Note Transfer Date. 
 Section 3.06 Allocations of Reductions from
Investor Charge-Offs to the Nominal Liquidation Amount of Subordinated Classes. If there is an Investor Charge-Off on any First Note Transfer Date, that reduction will be allocated (and reallocated) on that date to each Tranche of CHASEseries
Notes as set forth in this Section 3.06. 
 (a) Initially, the amount of such Investor Charge-Off will be allocated to each Tranche of
Outstanding CHASEseries Notes pro rata based on the ratio of the Nominal Liquidation Amount used for such Tranche in the calculation of the CHASEseries Floating Allocation Percentage for the immediately preceding Monthly Period to the aggregate
Nominal Liquidation Amount used in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly Period. 
 (b)
Immediately afterwards, the amount of Investor Charge-Offs allocated to the Class A Notes pursuant to clause (a) will be reallocated to the Class C Notes subject to the limitations set forth in clauses (c) and (e), and the amount of
Investor Charge-Offs allocated to the Class A Notes pursuant to clause (a) and not reallocated to the Class C Notes due to the limitations set forth in clauses (c) and (e) will be reallocated to the Class B Notes subject to the
limitations set forth in clauses (c) and (e). Immediately after giving effect to the preceding sentence, the aggregate amount of Investor Charge-Offs allocated to the Class B Notes pursuant to clause (a) or reallocated to the Class B Notes
pursuant to the preceding sentence will be reallocated to the Class C Notes subject to the limitations set forth in clauses (d) and (e). Any amount of Investor Charge-Offs which cannot be reallocated from a Senior Class to a Subordinated Class
due to the limitations in clauses (c), (d) and (e) will reduce the Nominal Liquidation Amount of the related senior Tranche of CHASEseries Notes. 

(c) (i) The reallocation in clause (b) of Investor Charge-Offs from any Tranche of Class A Notes to the Class C Notes
is subject to the limitation that after giving effect to clause (a) and to such reallocation from that Tranche of Class A Notes to the Class C Notes, that Tranche’s Class A Usage of Class C Required Subordinated Amount (computed
before giving effect to any reallocations of Investor Charge-Offs from any Class B Notes and any reallocation of CHASEseries Available Principal Collections for such First Note Transfer Date) will not exceed that Tranche’s Class A Required
Subordinated Amount of Class C Notes. 

  
 30 

 (ii) The reallocation in clause (b) of Investor Charge-Offs from any
Tranche of Class A Notes to the Class B Notes is subject to the limitation that after giving effect to clause (a) and to such reallocation from that Tranche of Class A Notes to the Class B Notes, that Tranche’s Class A Usage
of Class B Required Subordinated Amount (computed before giving effect to any reallocations of CHASEseries Available Principal Collections for such First Note Transfer Date) will not exceed that Tranche’s Class A Required Subordinated
Amount of Class B Notes. 
 (d) The reallocation in clause (b) of Investor Charge-Offs from any Tranche of Class B Notes to the Class C
Notes is subject to the limitation that after giving effect to clause (a) and such reallocation from that Tranche of Class B Notes and reallocations from any Tranche of Class A Notes to any Tranche of Class C Notes, that Tranche’s
Class B Usage of Class C Required Subordinated Amount (computed before giving effect to any reallocations of CHASEseries Available Principal Collections for such First Note Transfer Date) will not exceed that Tranche’s Class B Required
Subordinated Amount of Class C Notes. 
 (e) (i) The amount permitted to be reallocated to Tranches of Class C Notes pursuant
to clause (b) will be applied to each Tranche of Class C Notes pro rata based on the ratio of the Nominal Liquidation Amount used for that Tranche of Class C Notes in the calculation of the CHASEseries Floating Allocation Percentage for the
immediately preceding Monthly Period to the Nominal Liquidation Amount for all Class C Notes in the CHASEseries used in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly Period. 

(ii) In no event will the Nominal Liquidation Amount (after giving effect to this clause (e)) of any Tranche of Class C Notes
be reduced below zero. 
 (iii) The amount permitted to be reallocated to Tranches of Class B Notes pursuant to clause
(b) will be applied to each Tranche of Class B Notes pro rata based on the ratio of the Nominal Liquidation Amount used for that Tranche of Class B Notes in the calculation of the CHASEseries Floating Allocation Percentage for the immediately
preceding Monthly Period to the Nominal Liquidation Amount for all Class B Notes in the CHASEseries used in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly Period. 

(iv) In no event will the Nominal Liquidation Amount (after giving effect to this clause (e)) of any Tranche of Class B Notes
be reduced below zero. 

  
 31 

 (f) In the case of each Tranche of CHASEseries Notes, the Nominal Liquidation Amount of each
such Tranche will be reduced by an amount equal to the Investor Charge-Offs which are allocated or reallocated to that Tranche of CHASEseries Notes, less the amount of Investor Charge-Offs that are reallocated from that Tranche of CHASEseries to a
Subordinated Class of CHASEseries Notes. 
 Section 3.07 Allocations of Reimbursements of Nominal Liquidation Amount Deficits.
If, with respect to any Monthly Period, there are CHASEseries Available Finance Charge Collections available pursuant to subsection 3.02(d) to reimburse any Nominal Liquidation Amount Deficits, such funds will be allocated to each Tranche of
CHASEseries Notes on the First Note Transfer Date in the immediately succeeding Monthly Period as follows: 
 (a) first, to each Tranche of
Class A Notes pro rata based on the ratio of the Nominal Liquidation Amount Deficit thereof to the aggregate Nominal Liquidation Amount Deficits of all Tranches of Class A Notes, but in no event will the Nominal Liquidation Amount of such
a Tranche of CHASEseries Notes be increased above the Adjusted Outstanding Dollar Principal Amount of such Tranche, 
 (b) second, to each
Tranche of Class B Notes pro rata based on the ratio of the Nominal Liquidation Amount Deficit thereof to the aggregate Nominal Liquidation Amount Deficits of all Tranches of Class B Notes, but in no event will the Nominal Liquidation Amount of such
a Tranche of CHASEseries Notes be increased above the Adjusted Outstanding Dollar Principal Amount of such Tranche, and 
 (c) third, to
each Tranche of Class C Notes pro rata based on the ratio of the Nominal Liquidation Amount Deficits thereof to the aggregate Nominal Liquidation Amount Deficit of all Tranches of Class C Notes, but in no event will the Nominal Liquidation Amount of
such a Tranche of CHASEseries Notes be increased above the Adjusted Outstanding Dollar Principal Amount of such Tranche. 

Section 3.08 Allocations of Asset Pool One Principal Collections to the CHASEseries Notes. With respect to each Monthly Period,
the Collateral Agent, at the written direction of the Servicer, shall allocate to the CHASEseries Notes an amount equal to the product of (i) the CHASEseries Principal Allocation Percentage and (ii) the Asset Pool One Principal Collections
for such Monthly Period. 
 Section 3.09 Application of CHASEseries Available Principal Collections. With respect to each
Monthly Period, the Indenture Trustee, at the written direction of the Servicer, shall apply an amount equal to the sum of (i) Asset Pool One Principal Collections allocated to the CHASEseries pursuant to Section 3.08, (ii) any
amounts to be treated as CHASEseries Available Principal Collections pursuant to subsection 3.14(a), (iii) any Shared Excess Available Principal Collections allocated to the CHASEseries pursuant to Section 3.28 and (iv) any amounts to
be treated as CHASEseries Available Principal Collections allocated to the CHASEseries pursuant to any Terms Document (such amounts, the “CHASEseries Available Principal Collections”) as follows: 

  
 32 

 (a) first, if after giving effect to deposits to be made on each Note Transfer Date in the
immediately succeeding Monthly Period pursuant to subsection 3.02(a), any Tranche of Class A Notes will not receive the full amount targeted to be deposited pursuant to Section 3.03 with respect to any such Note Transfer Date, then
CHASEseries Available Principal Collections (in an amount not to exceed the product of (x) the CHASEseries Available Principal Collections that are described in clauses (i) and (ii) in the preamble to this Section 3.09 and
(y) the sum of the Class B Allocation Percentage and the Class C Allocation Percentage for such Monthly Period) will be allocated to the Interest Funding Sub-Account of each such Tranche of Class A Notes pro rata based on, in the case of
each such Tranche of Class A Notes, the lesser of the following amounts: 
 (i) the amount of the deficiency in the
targeted amount to be deposited into the Interest Funding Sub-Account of such Tranche of Class A Notes; and 
 (ii) an
amount equal to the sum of (A) the Class A Unused Subordinated Amount of Class C Notes plus (B) the Class A Unused Subordinated Amount of Class B Notes, in each case, for such Tranche of Class A Notes (determined after
giving effect to the application of Investor Charge-Offs pursuant to Section 3.06 on the First Note Transfer Date); 
 (b) second, if
after giving effect to deposits to be made on each Note Transfer Date in the immediately succeeding Monthly Period pursuant to subsection 3.02(a) any Tranche of Class B Notes will not receive the full amount targeted to be deposited pursuant to
Section 3.03 with respect to any such Note Transfer Date, then CHASEseries Available Principal Collections (in an amount, not less than zero, not to exceed the excess of (I) the product of (x) the CHASEseries Available Principal
Collections that are described in clauses (i) and (ii) in the preamble to this Section 3.09 and (y) the sum of the Class B Allocation Percentage and the Class C Allocation Percentage for such Monthly Period over (II) the
aggregate amount of such CHASEseries Available Principal Collections reallocated pursuant to clause (a) above) will be allocated to the Interest Funding Sub-Account of each such Tranche of Class B Notes pro rata based on, in the case of each
such Tranche of Class B Notes, the lesser of the following amounts: 
 (i) the amount of the deficiency in the targeted
amount to be deposited into the Interest Funding Sub-Account of such Tranche of Class B Notes; and 
 (ii) an amount equal
to the Class B Unused Subordinated Amount of Class C Notes for such Tranche of Class B Notes (determined after giving effect to the application of Investor Charge-Offs pursuant to Section 3.06 on the First Note Transfer Date and the
reallocation of CHASEseries Available Principal Collections pursuant to clause (a) above); 

  
 33 

 (c) third, if after giving effect to payments to be made on the First Note Transfer Date in the
immediately succeeding Monthly Period pursuant to subsection 3.02(b), the Servicer will not receive the full amount of the CHASEseries Servicing Fees allocable to the Class A Notes to be paid pursuant to subsection 3.02(b) on such First Note
Transfer Date, then CHASEseries Available Principal Collections (in an amount, not less than zero, not to exceed the excess of (I) the product of (x) the CHASEseries Available Principal Collections that are described in clauses
(i) and (ii) in the preamble to this Section 3.09 and (y) the sum of the Class B Allocation Percentage and the Class C Allocation Percentage for such Monthly Period over (II) the aggregate amount of such CHASEseries Available
Principal Collections reallocated pursuant to clauses (a) and (b) above) will be paid to the Servicer in an amount equal to, and allocated to each such Tranche of Class A Notes pro rata based on, in the case of each such Tranche of
Class A Notes, the lesser of the following amounts: 
 (i) the amount of the deficiency allocated to such Tranche of
Class A Notes pro rata pursuant to Section 3.10; and 
 (ii) an amount equal to the sum of (A) the
Class A Unused Subordinated Amount of Class C Notes plus (B) the Class A Unused Subordinated Amount of Class B Notes, in each case, for such Tranche of Class A Notes (determined after giving effect to the allocation of Investor
Charge-Offs pursuant to Section 3.06 on the First Note Transfer Date and the reallocation of CHASEseries Available Principal Collections pursuant to clauses (a) and (b) above); 

(d) fourth, if after giving effect to payments to be made on the First Note Transfer Date in the immediately succeeding Monthly Period
pursuant to subsection 3.02(b), the Servicer will not receive the full amount of the CHASEseries Servicing Fees allocable to the Class B Notes to be paid pursuant to subsection 3.02(b) on such First Note Transfer Date, then CHASEseries Available
Principal Collections (in an amount, not less than zero, not to exceed the excess of (I) the product of (x) the CHASEseries Available Principal Collections that are described in clauses (i) and (ii) in the preamble to this
Section 3.09 and (y) the sum of the Class B Allocation Percentage and the Class C Allocation Percentage for such Monthly Period over (II) the aggregate amount of such CHASEseries Available Principal Collections reallocated pursuant to
clauses (a) through (c) above) will be paid to the Servicer in an amount equal to, and allocated to each such Tranche of Class B Notes pro rata based on, in the case of each such Tranche of Class B Notes, the lesser of the following
amounts: 
 (i) the amount of the deficiency allocated to such Tranche of Class B Notes pro rata pursuant to
Section 3.10; and 
 (ii) an amount equal to the Class B Unused Subordinated Amount of Class C Notes for such Tranche
of Class B Notes (determined after giving effect to the allocation of Investor Charge-Offs pursuant to Section 3.06 on the First Note Transfer Date and the reallocation of CHASEseries Available Principal Collections pursuant to clauses
(a) through (c) above); 

  
 34 

 (e) fifth, to make the targeted deposits on the applicable Note Transfer Dates in the
immediately succeeding Monthly Period to the Principal Funding Sub-Accounts for all Tranches of CHASEseries Notes pursuant to Section 3.12; 

(f) sixth, to be treated as Shared Excess Available Principal Collections on each applicable Note Transfer Date for the benefit of other
Series in Asset Pool One; 
 (g) seventh, to be deposited in the Excess Funding Account for Asset Pool One until the Asset Pool One
Transferor Amount for the prior Monthly Period equals or exceeds the Asset Pool One Required Transferor Amount for the prior Monthly Period and the Asset Pool One Pool Balance for such prior Monthly Period equals or exceeds the Asset Pool One
Minimum Pool Balance for such prior Monthly Period; and 
 (h) eighth, to be paid to the Transferor. 

Section 3.10 Allocation of CHASEseries Servicing Fee Shortfalls. On each First Note Transfer Date if, after giving effect to
payments to be made with respect to the prior Monthly Period pursuant to subsection 3.02(a), the Servicer has not received the full amount to be paid pursuant to subsection 3.02(b) with respect to such Monthly Period, the aggregate amount of such
shortfall will be allocated to each Tranche of Outstanding CHASEseries Notes pro rata based on the ratio of the Nominal Liquidation Amount used for such Tranche in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly
Period to the aggregate Nominal Liquidation Amount for all Outstanding Tranches of CHASEseries Notes used in the calculation of the CHASEseries Floating Allocation Percentage for such Monthly Period. 

Section 3.11 Computation of Reductions to the Nominal Liquidation Amount of Subordinated Classes from Reallocations of CHASEseries
Available Principal Collections. 
 (a) Each reallocation of CHASEseries Available Principal Collections deposited to the Interest
Funding Sub-Account of a Tranche of Class A Notes pursuant to subsection 3.09(a) will reduce the Nominal Liquidation Amount of the Class C Notes on the First Note Transfer Date in the Monthly Period in which such reallocation occurs;
provided, however, that the amount of such reduction for each such Tranche of Class A Notes shall not exceed the Class A Unused Subordinated Amount of Class C Notes for such Tranche of Class A Notes (after giving effect
to any reductions or reimbursements pursuant to Section 3.06 on such First Note Transfer Date). 
 (b) Each reallocation of CHASEseries
Available Principal Collections deposited to the Interest Funding Sub-Account of a Tranche of Class A Notes pursuant to subsection 3.09(a) which does not reduce the Nominal Liquidation Amount of Class C Notes pursuant to clause (a) above
will reduce the Nominal Liquidation Amount of the Class B Notes on the First Note Transfer Date in the Monthly Period in 

  
 35 

 
which such reallocation occurs; provided, however, that the amount of such reduction for each such Tranche of Class A Notes shall not exceed the Class A Unused
Subordinated Amount of Class B Notes for such Tranche of Class A Notes (after giving effect to any reductions or reimbursements pursuant to Section 3.06 on such First Note Transfer Date). 

(c) Each reallocation of CHASEseries Available Principal Collections deposited to the Interest Funding Sub-Account of a Tranche of Class B
Notes pursuant to subsection 3.09(b) will reduce the Nominal Liquidation Amount (determined after giving effect to clause (a) above) of the Class C Notes on the First Note Transfer Date in the Monthly Period in which such reallocation occurs;
provided, however, that the amount of such reduction for each such Tranche of Class B Notes shall not exceed the Class B Unused Subordinated Amount of Class C Notes for such Tranche of Class B Notes (after giving effect to any
reductions or reimbursements pursuant to Section 3.06 on such First Note Transfer Date). 
 (d) Each reallocation of CHASEseries
Available Principal Collections paid to the Servicer pursuant to subsection 3.09(c) will reduce the Nominal Liquidation Amount (determined after giving effect to clauses (a) and (c) above) of the Class C Notes on the First Note Transfer
Date in the Monthly Period in which such reallocation occurs; provided, however, that the amount of such reduction for each such Tranche of Class A Notes shall not exceed the Class A Unused Subordinated Amount of Class C
Notes for such Tranche of Class A Notes (after giving effect to clauses (a) and (c) above and any reductions or reimbursements pursuant to Section 3.06 on such First Note Transfer Date). 

(e) Each reallocation of CHASEseries Available Principal Collections paid to the Servicer pursuant to subsection 3.09(c) which does not reduce
the Nominal Liquidation Amount of Class C Notes pursuant to clause (d) above will reduce the Nominal Liquidation Amount (determined after giving effect to clause (b) above) of the Class B Notes on the First Note Transfer Date in the
Monthly Period in which such reallocation occurs; provided, however, that the amount of such reduction for each such Tranche of Class A Notes shall not exceed the Class A Unused Subordinated Amount of Class B Notes for such
Tranche of Class A Notes (after giving effect to clause (b) above and any reductions or reimbursements pursuant to Section 3.06 on such First Note Transfer Date). 

(f) Each reallocation of CHASEseries Available Principal Collections paid to the Servicer pursuant to subsection 3.09(d) will reduce the
Nominal Liquidation Amount (determined after giving effect to clauses (a), (c) and (d) above) of the Class C Notes on the First Note Transfer Date in the Monthly Period in which such reallocation occurs; provided, however,
that the amount of such reduction for each such Tranche of Class B Notes shall not exceed the Class B Unused Subordinated Amount of Class C Notes for such Tranche of Class B Notes (after giving effect to any reductions or reimbursements pursuant to
Section 3.06 on such First Note Transfer Date). 

  
 36 

 (g) The aggregate amount of the reallocation of CHASEseries Available Principal Collections
which reduce the Nominal Liquidation Amount of Class B Notes pursuant to clauses (b) and (e) above will reduce the Nominal Liquidation Amount (determined after giving effect to any reductions or reimbursements pursuant to Section 3.06
on such First Note Transfer Date) of each Tranche of the Class B Notes pro rata based on the ratio of the Nominal Liquidation Amount for such Tranche of Class B Notes used in the CHASEseries Floating Allocation Percentage for the related Monthly
Period to the Nominal Liquidation Amount for all Class B Notes used in the CHASEseries Floating Allocation Percentage for the related Monthly Period; provided, however, that the amount of any such reduction of the Nominal Liquidation
Amount of a Tranche of Class B Notes will be limited by the aggregate amount of such reduction which results in a reduction of the Nominal Liquidation Amount of the Class C Notes pursuant to clause (h) below. 

(h) Each reallocation of CHASEseries Available Principal Collections which reduces the Nominal Liquidation Amount of Class B Notes pursuant to
clause (g) above may be reallocated to the Class C Notes and such reallocation will reduce the Nominal Liquidation Amount (determined after giving effect to clauses (a), (c), (d) and (f) above and any reductions or reimbursements
pursuant to Section 3.06 on such First Note Transfer Date) of the Class C Notes; provided, however, that the amount of such reduction for each such Tranche of Class B Notes shall not exceed the Class B Unused Subordinated Amount
of Class C Notes for such Tranche of Class B Notes (after giving effect to clauses (a), (c), (d) and (f) above and any reductions pursuant to Section 3.06 on such First Note Transfer Date). 

(i) The aggregate amount of the reallocation of CHASEseries Available Principal Collections which reduce the Nominal Liquidation Amount of
Class C Notes pursuant to clauses (a), (c), (d), (f) and (h) above will reduce the Nominal Liquidation Amount (determined after giving effect to any reductions or reimbursements pursuant to Section 3.06 on such First Note Transfer
Date) of each Tranche of the Class C Notes pro rata based on the ratio of the Nominal Liquidation Amount for such Tranche of Class C Notes used in the CHASEseries Floating Allocation Percentage for the related Monthly Period to the Nominal
Liquidation Amount for all Class C Notes used in the CHASEseries Floating Allocation Percentage for the related Monthly Period. 

Section 3.12 Targeted Deposits of CHASEseries Available Principal Collections to the Principal Funding Account and the Principal
Funding Sub-Account. The amount of the deposit targeted for any Tranche of CHASEseries Notes with respect to any Monthly Period to be deposited into the Principal Funding Sub-Account for that Tranche on the applicable Note Transfer Date in the
immediately succeeding Monthly Period will be the sum of (i) the amount determined pursuant to clause (a), (b), (c), (d) or (e) of this Section with respect to such Tranche for such Monthly Period, as applicable and (ii) any
deposit targeted pursuant to clause (i) with respect to such Tranche for any prior Monthly Period but for which the full targeted deposit was not made, but in no case more than the Nominal Liquidation Amount of such Tranche of CHASEseries Notes
(computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries
Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately
succeeding Monthly Period). 

  
 37 

 (a) Principal Payment Date. With respect to the Monthly Period immediately preceding any
Principal Payment Date, the deposit targeted for that Tranche of CHASEseries Notes, unless otherwise specified in the applicable Terms Document, will be equal to the Nominal Liquidation Amount of that Tranche of CHASEseries Notes (computed
immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries Available
Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately following
Monthly Period). 
 (b) Budgeted Deposits. (i) Subject to subsection 3.12(d), with respect to each Monthly
Period, beginning with the Accumulation Commencement Date, the deposit targeted to be made into the Principal Funding Sub-Account for that Tranche will be the Controlled Accumulation Amount for that Tranche specified in the applicable Terms
Document, or if no such amount is specified, beginning with the twelfth Monthly Period before the Monthly Period related to the Scheduled Principal Payment Date of that Tranche of CHASEseries Notes, an amount equal to one-twelfth of the expected
Outstanding Dollar Principal Amount of such Tranche of CHASEseries Notes as of such Scheduled Principal Payment Date. 

(ii) Notwithstanding anything to the contrary in clause (i), on or before the Determination Date immediately preceding the
first Business Day of the month that is twelve (12) whole calendar months prior to the Scheduled Principal Payment Date of any Tranche of CHASEseries Notes, and each Determination Date thereafter until the Accumulation Commencement Date, the
Servicer will determine the “Accumulation Period Length” which shall equal a number of months not less than the number of whole calendar months reasonably expected by the Servicer to be necessary to accumulate from CHASEseries Available
Principal Collections an amount equal to the Nominal Liquidation Amount of such Tranche of CHASEseries Notes; provided, however, that the Accumulation Period Length will not be determined to be less than one whole calendar month;
provided further, however, that if the Servicer determines that the Accumulation Period Length will be less than twelve (12) whole calendar months, the Servicer shall on the first Determination Date on which the Accumulation
Period Length is determined send written notice to the Indenture Trustee, the Collateral Agent and each Note Rating Agency then rating any Outstanding CHASEseries Notes, which notice shall state the applicable Accumulation Period Length. 

  
 38 

 (c) Prefunding of the Principal Funding Account of Senior Classes. If the Issuing Entity
determines with respect to any Monthly Period with respect to any Class A Notes or Class B Notes that, after giving effect to all allocations, payments and deposits that will be made on the First Note Transfer Date and each Note Transfer Date
occurring in the immediately succeeding Monthly Period, the Prefunding Target Amount of such Class is greater than zero, the targeted deposit to the Principal Funding Sub-Accounts for such Class will be the Prefunding Target Amount for the
CHASEseries for such Monthly Period. 
 (d) Event of Default, Early Amortization Event, Other Optional or Mandatory Redemption. If
any Tranche of CHASEseries Notes has been accelerated during a Monthly Period after the occurrence of an Event of Default, or if an Early Amortization Event with respect to any Tranche of CHASEseries Notes occurs during such Monthly Period, or with
respect to the Monthly Period immediately preceding any other date fixed for any other optional or mandatory redemption of any Tranche of CHASEseries Notes, the deposit targeted for that Tranche of CHASEseries Notes with respect to that Monthly
Period and each following Monthly Period will be equal to the Nominal Liquidation Amount of that Tranche of CHASEseries Notes (computed immediately before giving effect to such deposit but after giving effect to any reductions of the Nominal
Liquidation Amount of such Tranche of CHASEseries Notes as a result of Investor Charge-Offs and any reallocations of CHASEseries Available Principal Collections or increases of the Nominal Liquidation Amount of such Tranche of CHASEseries Notes as a
result of reimbursements thereof pursuant to subsection 3.02(d) to be made on the First Note Transfer Date in the immediately succeeding Monthly Period). 

(e) Amounts Owed to Derivative Counterparties. If a Tranche of Outstanding CHASEseries Dollar Notes or CHASEseries Foreign Currency
Notes has a Performing or non-Performing Derivative Agreement for principal that provides for a payment to the applicable Derivative Counterparty, the deposit targeted for that Tranche of CHASEseries Notes on each Note Transfer Date with respect to
any payment to the Derivative Counterparty will be specified in the related Terms Document. 
 Section 3.13 Allocations among
Principal Funding Sub-Accounts. Subject to the restrictions of Section 3.17, the aggregate amount of the deposits to be made to the Principal Funding Sub-Accounts for each Tranche of CHASEseries Notes pursuant to Section 3.12 for each
Monthly Period will be allocated, and a portion deposited in the Principal Funding Sub-Account for each Tranche of CHASEseries Notes, as follows: 

(a) CHASEseries Available Principal Collections Equal to Targeted Amount. Subject to clause (c) below, if CHASEseries Available Principal
Collections remaining after giving effect to subsections 3.09(a) through (d) are equal to or greater than the aggregate amount of CHASEseries Available Principal Collections targeted to be deposited into the Principal Funding Sub-Accounts for
all Tranches of CHASEseries Notes pursuant to Section 3.12, then that targeted amount will be deposited in the Principal Funding Sub-Account established for each Tranche of CHASEseries Notes. 

  
 39 

 (b) CHASEseries Available Principal Collections Are Less Than Targeted Amounts. Subject to
clause (c) below, if CHASEseries Available Principal Collections remaining after giving effect to subsections 3.09(a) through (d) are less than the aggregate amount targeted to be deposited into the Principal Funding Sub-Accounts for all
Tranches of CHASEseries Notes pursuant to Section 3.12, then remaining CHASEseries Available Principal Collections will be deposited in the Principal Funding Sub-Account established for each Tranche of CHASEseries Notes in the following
priority: 
 (i) first, the amount available will be allocated to the Class A Notes pro rata based on the ratio of
(A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class A Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding
Sub-Account for all Tranches of Class A Notes pursuant to Section 3.12; 
 (ii) second, the amount available after
the application in clause (i) above will be allocated to the Class B Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class B Notes pursuant to
Section 3.12, to (B) the aggregate amount targeted to be deposited into the Principal Funding Sub-Account for all Tranches of Class B Notes pursuant to Section 3.12; and 

(iii) third, the amount available after the applications in clauses (i) and (ii) above will be allocated to the
Class C Notes, pro rata based on the ratio of (A) the amount targeted to be deposited into the Principal Funding Sub-Account for such Tranche of Class C Notes pursuant to Section 3.12, to (B) the aggregate amount targeted to be
deposited into the Principal Funding Sub-Account for all Tranches of Class C Notes pursuant to Section 3.12. 
 (c) Reallocation of
Deposits to the Principal Funding Sub-Account of any Subordinated Class of CHASEseries Notes. If the restrictions of subsection 3.17(a) prevent the deposit of CHASEseries Available Principal Collections into the Principal Funding Sub-Account of
any Subordinated Class of CHASEseries Notes, the aggregate amount of CHASEseries Available Principal Collections available to make the targeted deposit for such Subordinated Class will be allocated first, if applicable, to each Tranche of
Class A Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for such Tranche of Class A Notes to (B) the Required Subordinated Amount with respect
to such Subordinated Class of CHASEseries Notes for all Tranches of Class A Notes and, second, if applicable, to each Tranche of Class B Notes pro rata based on the ratio of (A) the Required Subordinated Amount with respect to such
Subordinated Class of CHASEseries Notes for such Tranche of Class B Notes to (B) the Required Subordinated Amount with respect to such Subordinated Class of CHASEseries Notes for all Tranches of Class B Notes. 

  
 40 

 Section 3.14 Amounts to be Treated as CHASEseries Available Principal Collections;
Payments Received from Derivative Counterparties for Principal; Other Deposits to Principal Funding Sub-Accounts. The following deposits and payments will be made on the following dates: 

(a) Amounts to be Treated as CHASEseries Available Principal Collections. In addition to Available Principal Collections allocated to
the CHASEseries pursuant to Section 3.3 of the Asset Pool One Supplement and Section 3.08 hereof, any Shared Excess Available Principal Collections allocated to the CHASEseries pursuant to Section 3.28 and any amounts to be treated as
CHASEseries Available Principal Collections pursuant to any Terms Document, the following amounts shall be treated as CHASEseries Available Principal Collections for application in accordance with this Article III with respect to any Monthly Period:

 (i) CHASEseries Available Finance Charge Collections. CHASEseries Available Principal Collections will include
CHASEseries Available Finance Charge Collections to be treated as CHASEseries Available Principal Collections pursuant to subsection 3.02(c) or 3.02(d). 

(ii) Dollar Payments from Derivative Counterparties for Principal. Dollar payments received under Derivative Agreements
for principal for any Tranche of CHASEseries Notes will be treated as CHASEseries Available Principal Collections. 
 (b) Payments
Received from Derivative Counterparties. Payments received under Derivative Agreements for CHASEseries Notes with principal payable in a Foreign Currency will be applied as specified in the applicable Terms Document. 

(c) Class C Reserve Sub-Account. Withdrawals made from the Class C Reserve Sub-Account for any Tranche of Class C Notes pursuant to
subsection 3.25(b) will be deposited into the applicable Principal Funding Sub-Account on the applicable Note Transfer Date. 
 (d) Sale
Proceeds. Sales Proceeds received pursuant to subsection 3.22(c)(i) for any Tranche of CHASEseries Notes will be deposited into the applicable Principal Funding Sub-Account on the date of receipt by the Issuing Entity. 

(e) Issuance Proceeds. If any Tranche of CHASEseries Notes remains Outstanding after its Scheduled Principal Payment Date, issuance
proceeds received pursuant to the issuance of a new Tranche of CHASEseries Notes will be deposited into the applicable Principal Funding Sub-Account on the date of receipt by the Issuing Entity and applied to pay the Outstanding Dollar Principal
Amount of such Tranche of CHASEseries Notes on the next succeeding Principal Payment Date for such 

  
 41 

 
Tranche of CHASEseries Notes; provided, that the Servicer may, upon five Business Days’ prior written notice to the Indenture Trustee, specify a special Principal Payment Date and Interest
Payment Date which may occur on any Business Day and on which the Outstanding Dollar Principal Amount and all accrued and unpaid interest through such date shall be paid on the Notes. 

Section 3.15 Withdrawals from Interest Funding Account. Withdrawals made pursuant to this Section 3.15 with respect to any
Tranche of CHASEseries Notes will be made from the Interest Funding Sub-Account established for that Tranche only after all allocations and reallocations have been made pursuant to Sections 3.03, 3.04, 3.05 and 3.09. In no event will the aggregate
amount of the withdrawals from an Interest Funding Sub-Account for any month be more than the amount on deposit in the applicable Interest Funding Sub-Account. A single Tranche of CHASEseries Notes may be entitled to more than one of the following
withdrawals in any month. 
 (a) Withdrawals for CHASEseries Dollar Notes. On each Interest Payment Date (or as specified in the
applicable Terms Document) with respect to each Tranche of CHASEseries Dollar Notes, an amount equal to the interest due on the applicable Tranche of CHASEseries Notes on such Interest Payment Date (including any overdue interest payments and
additional interest on overdue interest payments with respect to prior Interest Payment Dates) will be withdrawn from that Interest Funding Sub-Account and remitted to the applicable Paying Agent(s) or as otherwise provided in the applicable Terms
Document. 
 (b) Withdrawals for Foreign Currency Notes with a non-Performing Derivative Agreement for Interest. On each Interest
Payment Date (or as specified in the applicable Terms Document) with respect to a Tranche of CHASEseries Foreign Currency Notes that has a non-Performing Derivative Agreement for interest, the amount specified in the applicable Terms Document will
be withdrawn from that Interest Funding Sub-Account and, if so specified in the applicable Terms Document, converted to the applicable Foreign Currency at the Spot Exchange Rate and remitted to the applicable Paying Agent(s) or as otherwise provided
in the applicable Terms Document. 
 (c) [RESERVED] 

(d) Withdrawals for Payments to Derivative Counterparties. On each date on which a payment is required to be made to the Derivative
Counterparty under the applicable Derivative Agreement (or as specified in the applicable Terms Document) with respect to any Tranche of CHASEseries Notes which has a Performing or non-Performing Derivative Agreement for interest, an amount equal to
the amount of the payment to be made to the Derivative Counterparty under the applicable Derivative Agreement (including, if applicable, any overdue interest payments and any additional interest on overdue interest payments) will be withdrawn from
that Interest Funding Sub-Account and paid to the applicable Derivative Counterparty or as otherwise provided in the applicable Terms Document. 

  
 42 

 (e) Excess Amounts. After payment in full of any Tranche of CHASEseries Notes, any amount
remaining on deposit in the applicable Interest Funding Sub-Account will be first, to the extent needed, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set
forth in subsection 3.04(b), second, to the extent needed, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.13(b), and third, paid to
the Transferor. 
 If the aggregate amount available for withdrawal from an Interest Funding Sub-Account for any Tranche of CHASEseries
Notes in a Monthly Period is less than all withdrawals required to be made from that Interest Funding Sub-Account for that Tranche in a Monthly Period after giving effect to all deposits, then the amounts on deposit in that Interest Funding
Sub-Account will be withdrawn and, if payable to more than one Person, applied pro rata based on the amount of each of the withdrawals required to be made. 

Section 3.16 Withdrawals from Principal Funding Account. Withdrawals made pursuant to this Section 3.16 with respect to any
Tranche of CHASEseries Notes will be made from the Principal Funding Sub-Accounts established for that Tranche only after all allocations have been made pursuant to Sections 3.12, 3.13 and 3.14. In no event will the amount of the withdrawal for any
Tranche of CHASEseries be more than the amount on deposit in the applicable Principal Funding Sub-Account. A single Tranche of CHASEseries Notes may be entitled to more than one of the following withdrawals with respect to any Monthly Period. 

(a) Withdrawals for CHASEseries Dollar Notes with no Derivative Agreement for Principal. On each applicable Principal Payment Date (or
as specified in the applicable Terms Document) with respect to each Tranche of CHASEseries Dollar Notes which has no Derivative Agreement for principal, an amount equal to the principal due on the applicable Tranche of CHASEseries Notes on the
applicable Principal Payment Date will be withdrawn from such Principal Funding Sub-Account and remitted to the applicable Paying Agent(s) or as otherwise provided by the applicable Terms Document. 

(b) Withdrawals for Dollar or Foreign Currency Notes with Performing Derivative Agreements for Principal. On each date on which a
payment is required under the applicable Derivative Agreement (or as specified in the applicable Terms Document) with respect to any Tranche of CHASEseries Notes which has a Performing Derivative Agreement for principal, an amount equal to the
amount of the payment to be made under the applicable Derivative Agreement will be withdrawn from such Principal Funding Sub-Account and paid to the applicable Derivative Counterparty or as otherwise provided by the applicable Terms Document. The
Issuing Entity will direct the applicable Derivative Counterparty to remit its payments under the applicable Derivative Agreement to the applicable Paying Agent(s) or as otherwise provided by the applicable Terms Document. 

  
 43 

 (c) Withdrawals for CHASEseries Dollar Notes with a non-Performing Derivative Agreement for
Principal. On each applicable Principal Payment Date (or as specified in the applicable Terms Documents) with respect to each Tranche of CHASEseries Dollar Notes with a non-Performing Derivative Agreement for principal, the amount specified in
the applicable Terms Document will be withdrawn from such Principal Funding Sub-Account, converted based on the applicable Spot Exchange Rate and remitted to the applicable Paying Agent(s) or as otherwise provided by the applicable Terms Document.

 (d) Withdrawals for Foreign Currency Notes with non-Performing Derivative Agreements for Principal. On each Principal Payment Date
(or as specified in the applicable Terms Document) with respect to a Tranche of CHASEseries Foreign Currency Notes that has a non-Performing Derivative Agreement for principal, the amount specified in the applicable Terms Document will be withdrawn
from such Sub-Account and, if so specified in the applicable Terms Document, converted to the applicable Foreign Currency at the Spot Exchange Rate and remitted to the applicable Paying Agent(s) or as otherwise provided by the applicable Terms
Document. Any excess dollar amount will be retained on deposit in the applicable Principal Funding Sub-Account to be applied to make principal payments on following Principal Payment Dates. 

(e) Withdrawal of Prefunding Excess Amounts. If the Issuing Entity on any date determines with respect to any Class of Class A
Notes or Class B Notes that, after giving effect to all issuances, deposits, allocations, reimbursements, reallocations and payments on such date, the Prefunding Excess Amount of that Class is greater than zero, that amount will be withdrawn by the
Servicer from the Principal Funding Sub-Account of that Class of CHASEseries Notes and first, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in
subsection 3.13(b), second, deposited in the Excess Funding Account for Asset Pool One until the Asset Pool One Transferor Amount for the prior Monthly Period equals or exceeds the Asset Pool One Required Transferor Amount for the prior Monthly
Period and the Asset Pool One Pool Balance for such prior Monthly Period equals or exceeds the Asset Pool One Minimum Pool Balance for such prior Monthly Period and, third, paid to the Transferor in respect of the Monthly Period in which such
withdrawal occurs; provided, however, that subject to the conditions set forth in Section 3.1 of the Asset Pool One Supplement, the Servicer need not make such deposit or payment until the First Note Transfer Date following such
Monthly Period. 
 (f) Legal Maturity Date. On the Legal Maturity Date of any Tranche of CHASEseries Notes, after giving effect to
any deposits, allocations, reimbursements, reallocations, sales of Collateral or other payments to be made on that date, amounts on deposit in the Principal Funding Sub-Account of any Tranche of a Subordinated Class of CHASEseries Notes may be
applied to pay principal of that Tranche, to make a payment under a Derivative Agreement with respect to principal of that Tranche or to make other payments as specified in the related Terms Document. 

  
 44 

 (g) Excess Amounts. Upon payment in full of any Tranche of CHASEseries Notes, any
remaining amount on deposit in the applicable Principal Funding Sub-Account will be first, allocated among and deposited to the Interest Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in
subsection 3.04(b), second, allocated among and deposited to the Principal Funding Sub-Account of the Tranches of CHASEseries Notes in the manner, order and priority set forth in subsection 3.13(b), and third, paid to the Transferor. 

If the aggregate amount available for withdrawal from a Principal Funding Sub-Account for any Tranche of CHASEseries Notes is less than all
withdrawals required to be made from that Principal Funding Sub-Account for that Tranche with respect to a Monthly Period, after giving effect to all deposits to be made with respect to such Monthly Period, then the amounts on deposit will be
withdrawn and, if payable to more than one Person, applied pro rata based on the amounts of the withdrawals required to be made. 

Section 3.17 Limit on Deposits to the Principal Funding Sub-Account of Subordinated Class of CHASEseries Notes; Limit on Repayments of
all Tranches. 
 (a) Limit on Deposits to the Principal Funding Sub-Account of Subordinated Class of CHASEseries Notes. 

(i) No CHASEseries Available Principal Collections will be deposited in the Principal Funding Sub-Account of any Tranche of
Class B Notes unless, following such deposit, the available subordinated amount of Class B Notes is at least equal to the aggregate Class A Unused Subordinated Amount of Class B Notes for all Outstanding Class A Notes. For this purpose,
the available subordinated amount of Class B Notes is equal to the aggregate Nominal Liquidation Amount of all other Class B Notes of the CHASEseries which will be Outstanding after giving effect to any reductions in the Nominal Liquidation Amount
of all such Outstanding Class B Notes occurring in such Monthly Period. 
 (ii) No CHASEseries Available Principal
Collections will be deposited in the Principal Funding Sub-Account of any Tranche of Class C Notes unless, following such deposit, (A) the available subordinated amount of Class C Notes is at least equal to the Class B Unused Subordinated
Amount of Class C Notes for all Outstanding Class B Notes and (B) the available subordinated amount of Class C Notes is at least equal to the Class A Unused Subordinated Amount of Class C Notes for all Outstanding Class A Notes. For
this purpose, the available subordinated amount of Class C Notes is equal to the aggregate Nominal Liquidation Amount of all other Class C Notes of the CHASEseries which will be Outstanding after giving effect to any reductions in the Nominal
Liquidation Amount of all such Outstanding Class C Notes occurring in such Monthly Period. 

  
 45 

 (iii) Notwithstanding anything in the Indenture or this Indenture Supplement to
the contrary, CHASEseries Available Principal Collections will be deposited in the Principal Funding Sub-Account of a Subordinated Class of CHASEseries Notes, if and only to the extent that (A) such deposit is not contrary to clause (a)(i) or
(a)(ii) above and (B) the Prefunding Target Amount for each Senior Class of CHASEseries Notes is zero or the Prefunding Target Amount has been funded to the extent necessary for such Note Transfer Date. 

(b) Limit on Repayments of all Tranches. No amounts on deposit in a Principal Funding Sub-Account of any Tranche of Class A Notes
or Class B Notes will be applied to pay principal of that Tranche or to make a payment under a Derivative Agreement with respect to principal of that Tranche in excess of the highest Outstanding Dollar Principal Amount of that Tranche (or, in the
case of CHASEseries Foreign Currency Notes, such other amount that may be specified in the related Terms Document). In the case of any Tranche of Class C Notes, no amounts on deposit in a Principal Funding Sub-Account or, if applicable, a Class C
Reserve Sub-Account for any such Tranche will be applied to pay principal of that Tranche or to make a payment under a Derivative Agreement with respect to principal of that Tranche in excess of the highest Outstanding Dollar Principal Amount of
that Tranche (or, in the case of CHASEseries Foreign Currency Notes, such other amount that may be specified in the related Terms Document). 

Section 3.18 Calculation of Nominal Liquidation Amount. On the date of issuance of a Tranche of CHASEseries Notes and on each
Business Day thereafter, the Nominal Liquidation Amount of each Tranche of Outstanding Notes in the CHASEseries shall be the following amount: 

(a) as of the date of issuance of such Tranche of CHASEseries Notes, the Initial Dollar Principal Amount of such Tranche of CHASEseries Notes;
and 
 (b) thereafter, the sum of, without duplication: 

(i) the Nominal Liquidation Amount of such Tranche of CHASEseries Notes determined on the immediately prior date of
determination; plus 
 (ii) [RESERVED]; 

(iii) the aggregate amount withdrawn from the Principal Funding Sub-Account pursuant to subsection 3.16(e) for such Tranche
since the prior date of determination; plus 
 (iv) such Tranche’s allocable share of all reimbursements of its Nominal
Liquidation Amount Deficit pursuant to subsection 3.02(d) since the prior date of determination determined as set forth in Section 3.07; plus 

(v) the aggregate initial principal amount of any additional Notes of such Tranche of CHASEseries Notes issued after the
initial issuance date for such Tranche of CHASEseries Notes; minus 

  
 46 

 (vi) such Tranche’s allocable share of all reallocations of CHASEseries
Available Principal Collections pursuant to Section 3.09 since the prior date of determination, determined as set forth in Section 3.11; minus 

(vii) the amount of the reduction of the Nominal Liquidation Amount of such Tranche resulting from an allocation of Investor
Charge-Offs since the prior date of determination, determined as set forth in Section 3.06; minus 
 (viii) the amount
deposited in the applicable Principal Funding Sub-Account for such Tranche (after giving effect to any deposits, allocations, reallocations or withdrawals to be made on that day) since the prior date of determination; 

provided, however, that (1) the Nominal Liquidation Amount of a Tranche of CHASEseries Notes may never be less than zero, (2) the
Nominal Liquidation Amount of any Tranche of CHASEseries Notes may never be greater than the Adjusted Outstanding Dollar Principal Amount of such Tranche and (3) the Nominal Liquidation Amount of any Tranche of CHASEseries Notes that has caused
a sale of Collateral pursuant to Section 3.22 or which has reached its Legal Maturity Date will be zero. 
 The Nominal Liquidation
Amount for the CHASEseries will be the sum of the Nominal Liquidation Amounts of all of the Tranches of CHASEseries Notes. 

Section 3.19 [RESERVED] 

Section 3.20 Netting of Deposits and Payments. The Servicer, on behalf of the Issuing Entity, may, in its sole discretion, make
all deposits to Interest Funding Sub-Accounts and Principal Funding Sub-Accounts pursuant to Sections 3.03 and 3.12 with respect to any Monthly Period net of, and after giving effect to, (a) all reallocations to be made pursuant to
Section 3.09 and (b) all payments to be made to Derivative Counterparties pursuant to Sections 3.15 and 3.16. 
 Section 3.21
Pro Rata Payments within a Tranche. All payments of principal, interest or other amounts to Holders of the CHASEseries Notes of a single Tranche will be made pro rata based on the Nominal Liquidation Amount of their Notes. 

Section 3.22 Sale of Collateral for Notes that are Accelerated or Reach Legal Maturity. 

(a) (i) If a Tranche of CHASEseries Notes has been accelerated pursuant to Section 6.02 of the Indenture following an
Event of Default, the Indenture Trustee may, and at the direction of the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of that
Tranche of CHASEseries Notes will, cause the Collateral Agent for Asset Pool One to sell Collateral (or interests therein) pledged to Asset Pool One in a principal amount up to 105% of the Nominal Liquidation Amount of the affected Tranche (but not
more than an amount of Collateral equal to the sum of (1) the product of (A) the 

  
 47 

 
Asset Pool One Transferor Percentage, (B) the aggregate outstanding Asset Pool One Pool Balance and (C) a fraction, the numerator of which is the CHASEseries Floating Allocation
Percentage and the denominator of which is the sum of the Noteholder Percentages for the allocation of Asset Pool One Finance Charge Collections for all Series of Asset Pool One Notes, and (2) the Nominal Liquidation Amount of the affected
Tranche); provided, however, that none of the Transferor, any Affiliate of the Transferor or any agent of the Transferor shall be permitted to purchase Collateral in such case or to participate in such vote whether as a Noteholder or
otherwise. 
 (ii) Such a sale will be permitted only if at least one of the following conditions is met: 

(A) the Holders of more than 90% of the aggregate Outstanding Dollar Principal Amount of the accelerated Tranche of
CHASEseries Notes consent; or 
 (B) the net proceeds of such sale (plus amounts on deposit in the applicable Sub-Accounts
and payments to be received from any applicable Derivative Agreement) would be sufficient to pay all amounts due on the accelerated Tranche of CHASEseries Notes; or 

(C) if the Indenture Trustee determines that the funds to be allocated to the accelerated Notes, including
(1) CHASEseries Available Finance Charge Collections and CHASEseries Available Principal Collections allocable to the accelerated Tranche of CHASEseries Notes, (2) payments to be received from any applicable Derivative Agreement and
(3) amounts on deposit in the applicable Sub-Accounts, may not be sufficient on an ongoing basis to make all payments on the accelerated Tranche of CHASEseries Notes as such payments would have become due if such obligations had not been
declared due and payable, and the Holders of more than 66 2⁄3% of the aggregate Outstanding Dollar Principal Amount of Notes of the accelerated Tranche of
CHASEseries Notes consent to the sale. 
 (iii) In the case of an acceleration of a Tranche of CHASEseries Notes of a
Subordinated Class, if the provisions of Section 3.17 would prevent the payment of the accelerated Tranche of subordinated Notes, such sale will be delayed until a level of prefunding of the Principal Funding Sub-Accounts for the Senior Classes
of CHASEseries Notes has been reached such that the amount of such accelerated Tranche is no longer required to provide subordination for the Senior Classes of CHASEseries Notes. 

  
 48 

 (b) If the Nominal Liquidation Amount with respect to any Tranche of CHASEseries Notes is
greater than zero on its Legal Maturity Date (after giving effect to any adjustments, deposits and distributions otherwise to be made on that Legal Maturity Date), the Collateral Agent for Asset Pool One shall sell or cause to be sold Collateral (or
interests therein) pledged to Asset Pool One on that Legal Maturity Date in an amount up to 105% of the Nominal Liquidation Amount of such Tranche of the CHASEseries Notes at the close of business on such date (but not more than an amount of
Collateral equal to the sum of (1) the product of (A) the Asset Pool One Transferor Percentage, (B) the aggregate outstanding Asset Pool One Pool Balance and (C) a fraction, the numerator of which is the CHASEseries Floating
Allocation Percentage and the denominator of which is the sum of the Noteholder Percentages for the allocation of Asset Pool One Finance Charge Collections for all Series of Asset Pool One Notes, and (2) the Nominal Liquidation Amount of the
affected Tranche); provided, however, that none of the Transferor, any Affiliate of the Transferor or any agent of the Transferor shall be permitted to purchase Collateral in such case or to participate in such vote whether as a
Noteholder or otherwise. 
 Upon the occurrence of such sale, the Nominal Liquidation Amount of such Tranche of CHASEseries Notes shall be
automatically reduced to zero and Available Principal Collections and Available Finance Charge Collections shall no longer be allocated to such Tranche of CHASEseries Notes. Noteholders of such Tranche of CHASEseries Notes shall receive the proceeds
of such sale in an amount not to exceed the Outstanding Dollar Principal Amount of, plus any accrued, past due and additional interest on, such Tranche of CHASEseries Notes. 

(c) Sales proceeds received with respect to a Tranche of CHASEseries Notes pursuant to clause (a) or (b) will be allocated in the
following priority: 
 (i) first, to be deposited in the Principal Funding Sub-Account for that Tranche of CHASEseries
Notes, an amount up to the amount that would be necessary to increase the aggregate amount on deposit in such Sub-Account to the Outstanding Dollar Principal Amount for such Tranche of CHASEseries Notes (notwithstanding any limitation in
Section 3.12 to the contrary); and 
 (ii) second, to be deposited in the Interest Funding Sub-Account of that Tranche
of CHASEseries Notes, the balance of such sales proceeds. 
 (d) Any amount remaining on deposit in the Interest Funding Sub-Account for a
Tranche of CHASEseries Notes that has caused a sale of Collateral pursuant to this Section 3.22 after final payment thereof pursuant to Section 6.03 of the Indenture, will be treated as CHASEseries Available Finance Charge Collections.

 Section 3.23 Calculation of Prefunding Target Amount. 

(a) With respect to all Tranches of Class A Notes, the Prefunding Target Amount means the greater of the amount computed under clause
(i) or (ii) for the applicable Monthly Period: 

  
 49 

 (i) The Prefunding Target Amount for Tranches of Class A Notes with respect
to Class B Notes for any Monthly Period is equal to an amount, not less than zero, equal to the product of (x) the aggregate Adjusted Outstanding Dollar Principal Amount of Class A Notes as of the close of business on the last day of such
Monthly Period (taking into consideration any deposits or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period) times (y) one minus a fraction (which shall not exceed one) the numerator of which is the
aggregate Adjusted Outstanding Dollar Principal Amount of all Tranches of Outstanding Class B Notes (taking into consideration any deposits or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period) (other than
Tranches which have (A) had Early Amortization Events or other mandatory or optional redemption events in which such Tranches are to be redeemed in full in or with respect to any preceding Monthly Period, (B) had Events of Default in or
with respect to any preceding Monthly Period, or (C) reached or are expected to reach their final or only Scheduled Principal Payment Date in or with respect to the current Monthly Period or any earlier Monthly Period) and the denominator of
which is the aggregate amount of the Class A Required Subordinated Amount of Class B Notes for all Tranches of Class A Notes which are Outstanding as of the close of business on the last day of such Monthly Period (taking into
consideration any deposits or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period). 

(ii) The Prefunding Target Amount for Tranches of Class A Notes with respect to Class C Notes for any Monthly Period is
equal to an amount, not less than zero, equal to the product of (x) the aggregate Adjusted Outstanding Dollar Principal Amount of Class A Notes as of the close of business on the last day of such Monthly Period (taking into consideration
any deposits or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period) times (y) one minus a fraction (which shall not exceed one) the numerator of which is the aggregate Adjusted Outstanding Dollar
Principal Amount of all Tranches of Outstanding Class C Notes (taking into consideration any deposits or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period) (other than Tranches which have (A) had
Early Amortization Events or other mandatory or optional redemption events in which such Tranches are to be redeemed in full in or with respect to any preceding Monthly Period, (B) had Events of Default in or with respect to any preceding
Monthly Period, or (C) reached or are expected to reach their final or only Scheduled Principal Payment Date in or with respect to the current Monthly Period or any earlier Monthly Period) and the denominator of which is the aggregate amount of
the Class A Required Subordinated Amount of Class C Notes for all Tranches of Class A Notes which are Outstanding as of the close of business on the last day of such Monthly Period (taking into consideration any deposits or withdrawals to
be made on any Note Transfer Date in the immediately succeeding Monthly Period). 

  
 50 

 (b) With respect to all Tranches of Class B Notes, the Prefunding Target Amount means with
respect to Class C Notes for any Monthly Period an amount, not less than zero, equal to the product of (x) the aggregate Adjusted Outstanding Dollar Principal Amount of Class B Notes as of the close of business on the last day of such Monthly
Period (taking into consideration any deposits or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period) times (y) one minus a fraction (which shall not exceed one) the numerator of which is the aggregate
Adjusted Outstanding Dollar Principal Amount of all Tranches of Outstanding Class C Notes (taking into consideration any deposits or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period) (other than Tranches
which have (A) had Early Amortization Events or other mandatory or optional redemption events in which such Tranches are to be redeemed in full in or with respect to any preceding Monthly Period, (B) had Events of Default in or with
respect to any preceding Monthly Period, or (C) reached or are expected to reach their final or only Scheduled Principal Payment Date in or with respect to the current Monthly Period or any earlier Monthly Period) and the denominator of which
is the aggregate amount of the Class B Required Subordinated Amount of Class C Notes for all Tranches of Class B Notes which are Outstanding as of the close of business on the last day of such Monthly Period (taking into consideration any deposits
or withdrawals to be made on any Note Transfer Date in the immediately succeeding Monthly Period). 
 (c) On any day during any Monthly
Period on which the Prefunding Target Amount for any Tranche of senior notes first exceeds zero, the Issuing Entity will apply Segregated CHASEseries Finance Charge Collections, as set forth in subsection 3.05(a)(i). 

Section 3.24 Targeted Deposits to the Class C Reserve Account. 

(a) The aggregate deposit targeted to be made to the Class C Reserve Account with respect to each Monthly Period is an amount equal to the sum
of Class C Reserve Sub-Account deposits, if any, targeted to be made for each specified Tranche of Class C Notes on the applicable Note Transfer Date in the immediately succeeding Monthly Period. The amount of any such deposit, the aggregate amount
targeted to be on deposit after giving effect to any such deposit and the circumstances that require that a deposit be made will be set forth in the Terms Document for such Tranche of Class C Notes. Unless another time is specified for making such
deposits in the Terms Document for each such Tranche of Class C Notes, these deposits will be made on each applicable Note Transfer Date for that Tranche of Class C Notes. 

(b) If, as determined on each Determination Date, the amount of funds which will be available on the applicable Note Transfer Date for a
Tranche of Class C Notes pursuant to subsection 3.02(e) is at least equal to the aggregate amount of the deposits targeted by clause (a) above, then the full amount of each such deposit will be made. 

  
 51 

 (c) If, as determined on each Determination Date, the amount of funds which will be available on
the applicable Note Transfer Date for a Tranche of Class C Notes pursuant to subsection 3.02(e) is less than the aggregate amount of deposits targeted by clause (a) above, then the amount available will be allocated to each Tranche of Class C
Notes to the extent of its targeted deposit to the applicable Class C Reserve Sub-Account pro rata based on the ratio of the Nominal Liquidation Amount of that Tranche used in the CHASEseries Floating Allocation Percentage for the immediately
preceding Monthly Period to the Nominal Liquidation Amount of all Tranches of Class C Notes used in the CHASEseries Floating Allocation Percentage for the immediately preceding Monthly Period that have a targeted deposit to its respective Class C
Reserve Sub-Account; provided, however, that any excess identified in this clause (c), including in the application of this proviso, will be further allocated to each Tranche of Class C Notes which has a remaining targeted deposit to
its Class C Reserve Sub-Account up to the amount of such remaining targeted deposit pro rata based on the ratio of the Nominal Liquidation Amount of such Tranche of Class C Notes used in the CHASEseries Floating Allocation Percentage for the
immediately preceding Monthly Period to the Nominal Liquidation Amount of all Tranches of Class C Notes used in the CHASEseries Floating Allocation Percentage for the immediately preceding Monthly Period. 

Section 3.25 Withdrawals from the Class C Reserve Account. Withdrawals for any Tranche of Class C Notes will be made from the
applicable Class C Reserve Sub-Account as specified below. 
 (a) Payments of Interest; Payments with Respect to Derivative Agreements
for Interest. If the amount on deposit in the Interest Funding Sub-Account for any Tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 3.15, on the Note Transfer Date for a
Tranche of Class C Notes, an amount equal to that deficiency will be withdrawn from the Class C Reserve Sub-Account for such Tranche and deposited into that Interest Funding Sub-Account. 

(b) Payments of Principal; Payments with Respect to Derivative Agreements for Principal. If, on and after the earliest to occur of
(i) the date on which any Tranche of Class C Notes is accelerated pursuant to Section 6.02 of the Indenture following an Event of Default and acceleration of maturity with respect to such Tranche, (ii) any date on or after the Note
Transfer Date related to the Scheduled Principal Payment Date for such Tranche of Class C Notes on which the amount on deposit in the Principal Funding Sub-Account for any Tranche of Class C Notes plus the aggregate amount on deposit in the Class C
Reserve Sub-Account for such Tranche of Class C Notes equals or exceeds the Outstanding Dollar Principal Amount of such Class C Notes and (iii) the Legal Maturity Date for any Tranche of Class C Notes, the amount on deposit in the Principal
Funding Sub-Account for any Tranche of Class C Notes is insufficient to pay in full the amounts for which withdrawals are required under Section 3.16, an amount equal to that deficiency will be withdrawn from that Class C Reserve Sub-Account
for such Tranche of Class C Notes and deposited into that Principal Funding Sub-Account on the Note Transfer Date for such Tranche of Class C Notes relating to the date of the applicable withdrawal required pursuant to Section 3.16. 

  
 52 

 (c) Withdrawal of Excess Amounts. If on any Note Transfer Date for a Tranche of Class C
Notes with respect to which no Class C Notes have been accelerated, the aggregate amount on deposit in any Class C Reserve Sub-Account exceeds the amount required to be on deposit in such Class C Reserve Sub-Account, the amount of such excess will
be withdrawn from the Class C Reserve Sub-Account and first, allocated among and deposited to the other Class C Reserve Sub-Accounts of the Tranches of Class C Notes in the manner, order and priority set forth in subsection 3.24(c), and then, paid
to the Issuing Entity. Upon payment in full of any Tranche of Class C Notes, any amount on deposit in the applicable Class C Reserve Sub-Account will be applied in accordance with the preceding sentence. 

Section 3.26 Computation of Interest. Unless otherwise provided as contemplated in Section 3.01 of the Indenture,
(i) interest on the CHASEseries Notes computed at a fixed rate will be calculated on the basis of a 360-day year of twelve 30-day months, as set forth more completely in the applicable Terms Document, and (ii) interest on the CHASEseries
Notes computed on the basis of a floating or periodic rate will be calculated on the basis of the actual number of days elapsed from and including the preceding Interest Payment Date to but excluding the current Interest Payment Date and a 360-day
year. 
 Section 3.27 Shared Excess Available Finance Charge Collections and Unapplied Master Trust Level Excess Finance Charge
Collections. 
 (a) The CHASEseries shall be included in Shared Excess Available Finance Charge Collections Group A for the purpose of
sharing Shared Excess Available Finance Charge Collections. Shared Excess Available Finance Charge Collections Group A may include Series secured by the collateral in Asset Pools other than Asset Pool One. Shared Excess Available Finance Charge
Collections allocable to the CHASEseries with respect to any Monthly Period shall be treated as CHASEseries Available Finance Charge Collections with respect to such Monthly Period and applied on the First Note Transfer Date in the immediately
succeeding Monthly Period. 
 (b) Unless otherwise provided pursuant to the terms of Section 3.12 of the Indenture, Shared Excess
Available Finance Charge Collections with respect to any Monthly Period shall be shared within Shared Excess Available Finance Charge Collections Group A to cover the applicable Series Available Finance Charge Collections Shortfalls for such Monthly
Period, if any, and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period for each Series included in Shared Excess Available Finance Charge Collections Group A for such Monthly Period. Shared Excess Available
Finance Charge Collections allocable to the CHASEseries with respect to each Monthly Period shall mean an amount equal to the Series Available Finance Charge Collections Shortfall, if any, with respect to the CHASEseries for each Monthly Period;
provided, however, that if the aggregate amount of Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance Charge Collections Series in Shared Excess Available Finance Charge Collections Group A for
each Monthly Period is less than the Aggregate Series Available Finance Charge Collections Shortfall for such Monthly Period, then Shared Excess Available Finance Charge Collections 

  
 53 

 
allocable to the CHASEseries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Finance Charge Collections for all Shared Excess Available Finance
Charge Collections Series in Shared Excess Available Finance Charge Collections Group A for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Finance Charge Collections Shortfall with respect to the
CHASEseries for such Monthly Period and the denominator of which is the Aggregate Series Available Finance Charge Collections Shortfall for all Series in Shared Excess Available Finance Charge Collections Group A for such Monthly Period. 

(c) To the extent that Shared Excess Available Finance Charge Collections for any Monthly Period exceed the Aggregate Series Available Finance
Charge Collections Shortfall for such Monthly Period such excess shall be applied pursuant to subsection 3.02(h). 
 (d) If the Remaining
Series Finance Charge Shortfall for such Monthly Period is greater than zero, Unapplied Master Trust Level Excess Finance Charge Collections allocated to the CHASEseries pursuant to Section 3.14 of the Indenture shall be applied to cover any
shortfalls in amounts payable pursuant to subsections 3.02(a) through (f) with respect to such Monthly Period. 
 Section 3.28
Shared Excess Available Principal Collections. 
 (a) Shared Excess Available Principal Collections from each Series of Asset Pool
One Notes and the Excess Funding Amount for Asset Pool One shall be shared among each Series of Asset Pool One Notes, including the CHASEseries. Shared Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly
Period shall be treated as CHASEseries Available Principal Collections for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. 

(b) Shared Excess Available Principal Collections with respect to any Monthly Period shall be shared by each Series of Asset Pool One Notes to
cover the applicable Series Available Principal Collections Shortfalls, if any, for each Series of Asset Pool One Notes for such Monthly Period and applied on the applicable Note Transfer Date in the immediately succeeding Monthly Period. Shared
Excess Available Principal Collections allocable to the CHASEseries with respect to any Monthly Period shall mean an amount equal to the Series Available Principal Collections Shortfall, if any, with respect to the CHASEseries for such Monthly
Period; provided, however, that if the aggregate amount of Shared Excess Available Principal Collections for all Series of Asset Pool One Notes for such Monthly Period is less than the Aggregate Series Available Principal Collections
Shortfall for such Monthly Period, then Shared Excess Available Principal Collections allocable to the CHASEseries with respect to such Monthly Period shall equal the product of (i) Shared Excess Available Principal Collections for all Series
of Asset Pool One Notes for such Monthly Period and (ii) a fraction, the numerator of which is the Series Available Principal Collections Shortfall with respect to the CHASEseries for such Monthly Period and the denominator of which is the
Aggregate Series Available Principal Collections Shortfall for such Monthly Period. 

  
 54 

 Section 3.29 Unapplied Master Trust Level Principal Collections. Following
application of Shared Excess Available Principal Collections pursuant to Section 3.28, if the Remaining Series Principal Shortfall with respect to any Monthly Period is greater than zero, Unapplied Master Trust Level Principal Collections
allocated to the CHASEseries pursuant to Section 3.15 of the Indenture shall be applied to cover any shortfalls in amounts payable pursuant to subsection 3.09(e) with respect to such Monthly Period. 

Section 3.30 Allocations of Segregated CHASEseries Finance Charge Collections. Segregated CHASEseries Finance Charge Collections
shall be allocable to cover the Principal Funding Sub-Account Earnings Shortfall, if any, with respect to each Tranche of CHASEseries Notes for such Monthly Period. Segregated CHASEseries Finance Charge Collections to be applied for the benefit of
CHASEseries Notes with respect to any Note Transfer Date shall mean an amount equal to the lesser of (i) the sum of the Principal Funding Sub-Account Earnings Shortfall for all Tranches of CHASEseries Notes with respect to such Monthly Period
and (ii) the Segregated CHASEseries Finance Charge Collections for the related Monthly Period. 
 Section 3.31 Final
Payment. Each Class or Tranche of CHASEseries Notes, as applicable, will be considered to be paid in full, the Holders of such Class or Tranche of CHASEseries Notes, as applicable, will have no further right or claim, and the Issuing Entity will
have no further obligation or liability with respect to such Class or Tranche of CHASEseries Notes, as applicable, on the earliest to occur of: 

(a) the date of the payment in full of the Outstanding Dollar Principal Amount of and all accrued, past due and additional interest on that
Class or Tranche of CHASEseries Notes, as applicable; 
 (b) the date on which the Outstanding Dollar Principal Amount of such CHASEseries
Notes, after giving effect to all deposits, allocations, reimbursements, reallocations, sales of Collateral and payments to be made on such date, is reduced to zero, and all accrued, past due and additional interest on such CHASEseries Notes is paid
in full; 
 (c) on the Legal Maturity Date of such Class or Tranche of CHASEseries Notes, after giving effect to all deposits, allocations,
reimbursements, reallocations, sales of Collateral and payments to be made on such date; or 
 (d) the date on which a sale of assets has
taken place with respect to such Tranche of CHASEseries Notes as set forth in Section 3.22. 
 [END OF ARTICLE III] 

  
 55 

 ARTICLE IV 

EARLY AMORTIZATION OF NOTES 

Section 4.01 Early Amortization Events. 

(a) In addition to the events identified as Early Amortization Events in Section 11.01 of the Indenture, the occurrence of any of the
following events (each, an “Early Amortization Event”) will result in an early amortization event for the CHASEseries Notes: 

(i) if the average Excess Spread Percentage for any three consecutive Monthly Periods is less than the Required Excess Spread
Percentage; 
 (ii) if (x) the Issuing Entity fails to add additional Collateral to Asset Pool One or (y) the
Invested Amount of an existing Asset Pool One Collateral Certificate is not increased when either action is required pursuant to the Asset Pool One Supplement; 

(iii) if any Master Owner Trust Servicer Default occurs which would have a material adverse effect on the CHASEseries
Noteholders; or 
 (iv) if (x) (A) any Asset Pool One Restriction Event shall have occurred or (B) any Transfer
Restriction Event shall have occurred pursuant to Section 2.12 of the Receivables Purchase Agreement and (y) (1) the Asset Pool One Pool Balance for the Monthly Period in which such Asset Pool One Restriction Event or Transfer Restriction
Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested Amount of any Asset Pool One Collateral
Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with respect to which an Asset Pool One
Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Minimum Pool Balance for such Monthly Period or (2) the Asset Pool One Transferor Amount for the Monthly Period in which such Asset Pool
One Restriction Event or Transfer Restriction Event shall have occurred or any Monthly Period thereafter as determined with respect to each Monthly Period on the following Determination Date, calculated without giving effect to (I) the Invested
Amount of any Asset Pool One Collateral Certificate with respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred and (II) any Asset Pool One Principal Receivables arising in any Asset Pool One Account with
respect to which an Asset Pool One Restriction Event or Transfer Restriction Event has occurred, does not equal or exceed the Asset Pool One Required Transferor Amount for such Monthly Period, and in each case within 10 days of the applicable
Determination Date the Issuing Entity shall fail to add additional Collateral to Asset Pool One or increase the Invested Amount of an Asset Pool One Collateral Certificate in a sufficient amount such

  
 56 

 
that the Asset Pool One Pool Balance equals or exceeds the Asset Pool One Minimum Pool Balance for the Monthly Period in which the Asset Pool One Restriction Event or Transfer Restriction Event,
as applicable, occurred and the Asset Pool One Transferor Amount equals or exceeds the Asset Pool One Required Transferor Amount for the Monthly Period in which the Asset Pool One Restriction Event occurred, each as calculated after giving effect to
the reductions specified in clauses (y)(1)(I) and (y)(1)(II), or (y)(2)(I) and (y)(2)(II) above and after giving effect to such additions or increases as if made prior to the close of business on the last day of the applicable Monthly Period; or

 (b) In addition, the Terms Document for any Tranche of CHASEseries Notes may list additional events which are “Early Amortization
Events” with respect to such Tranche of CHASEseries Notes. 
 [END OF ARTICLE IV] 

  
 57 

 ARTICLE V 

BANK ACCOUNTS AND INVESTMENTS 

Section 5.01 Bank Accounts. 

(a) On or before the date hereof, the Issuing Entity will cause to be established and maintained three Qualified Bank Accounts denominated as
follows: the “Interest Funding Account,” the “Principal Funding Account,” and the “Class C Reserve Account” in the name of the Collateral Agent, bearing a designation clearly indicating that the funds deposited therein
are held for the benefit of the CHASEseries Noteholders (or, in the case of the Class C Reserve Account, for the benefit of the Class C Noteholders). The Interest Funding Account, the Principal Funding Account and the Class C Reserve Account
constitute Supplemental Bank Accounts and shall be under the sole dominion and control of the Collateral Agent for the benefit of the CHASEseries Noteholders (or, in the case of the Class C Reserve Account, for the benefit of the Class C
Noteholders). If, at any time, the institution holding any of the Interest Funding Account, the Principal Funding Account or the Class C Reserve Account ceases to be a Qualified Institution, the Issuing Entity will within 10 Business Days (or such
longer period, not to exceed 30 calendar days, as to which each Note Rating Agency may consent) establish a new Interest Funding Account, Principal Funding Account or Class C Reserve Account, as the case may be, that is a Qualified Bank Account and
shall transfer any cash and/or investments to such new Interest Funding Account, Principal Funding Account or Class C Reserve Account, as the case may be. From the date such new Interest Funding Account, Principal Funding Account or Class C Reserve
Account is established, it will be the “Interest Funding Account,” “Principal Funding Account” or “Class C Reserve Account,” as the case may be. Each Tranche of CHASEseries Notes will have its own Sub-Account within the
Interest Funding Account, the Principal Funding Account and, in the case of the Class C Notes, the Class C Reserve Account. The Interest Funding Account, the Principal Funding Account, and the Class C Reserve Account will receive deposits pursuant
to Article III. 
 (b) Notwithstanding any provision of subsection 4.03(a) of the Indenture to the contrary, any prefunded amounts on
deposit in the Principal Funding Account will be invested in Permitted Investments that will mature no later than the following applicable Note Transfer Date. 

(c) All payments to be made from time to time by the Indenture Trustee to Noteholders out of funds in the Interest Funding Account, the
Principal Funding Account or the Class C Reserve Account pursuant to this Indenture Supplement will be made by the Indenture Trustee to the Paying Agent not later than 1:00 p.m. New York City time on the applicable Interest Payment Date or Principal
Payment Date but only to the extent of available funds in the applicable Sub-Account or as otherwise provided in Article III. 

  
 58 

 (d) On each applicable Note Transfer Date for a Tranche of Class C Notes, all interest and
earnings (net of losses and investment expenses) accrued since the preceding Note Transfer Date for such Tranche of Class C Notes on funds on deposit in the Class C Reserve Account will be retained in the Class C Reserve Account (to the extent that
the sum of the amount on deposit in the Class C Reserve Account with respect to the related Monthly Period is less than the required balance for the Class C Reserve Account for that Monthly Period) and the excess, if any, will be paid to the Issuing
Entity. 
 (e) Notwithstanding the definition of “Permitted Investments” in the Indenture, Permitted Investments in the Class C
Reserve Account shall be required to have a rating from Moody’s and Standard & Poor’s of at least “P-2” and “A-2,” respectively, and, if rated by Fitch, at least “F2” from Fitch. 

[END OF ARTICLE V] 
 ARTICLE VI

 CONCERNING THE OWNER TRUSTEE 

Section 6.01 Limitation of Liability. It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed
and delivered by Wilmington Trust Company (“WTC”), not individually or personally but solely as Owner Trustee of the Issuing Entity, in the exercise of the powers and authority conferred and vested in it, (b) each of the
representations, undertakings and agreements herein made on the part of the Issuing Entity is made and intended not as personal representations, undertakings and agreements by WTC but is made and intended for the purpose of binding only the Issuing
Entity (c) nothing herein contained shall be construed as creating any liability on WTC, individually or personally, to perform any covenant either expressed or implied contained herein of the Issuing Entity, all such liability, if any, being
expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) WTC has not verified and made no investigation as to the accuracy or completeness of any representations and warranties made by the
Issuing Entity in this Agreement and (e) under no circumstances shall WTC be personally liable for the payment of any indebtedness or expenses of the Issuing Entity or be liable for the breach or failure of any obligation, representation, warranty
or covenant made or undertaken by the Issuing Entity under this Agreement or any other related documents. 

  
 59 

 IN WITNESS WHEREOF, the parties hereto have caused this Indenture Supplement to be duly executed,
and their respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

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

		
	By:	 	 /s/ Jennifer A. Luce

		 	Name: Jennifer A. Luce
		 	Title: Vice President
	
	WELLS FARGO BANK,
	NATIONAL ASSOCIATION, as Indenture Trustee and not in its individual capacity
		
	By:	 	 /s/ Cheryl Zimmerman

		 	Name: Cheryl Zimmerman
		 	Title: Vice President

 Exhibit A-1 

FORM OF CLASS A NOTE 
 UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE CHASE ISSUANCE TRUST, CHASE CARD
FUNDING LLC, OR CHASE BANK USA, NATIONAL ASSOCIATION, OR JOIN IN ANY INSTITUTION AGAINST THE CHASE ISSUANCE TRUST, CHASE CARD FUNDING LLC, OR CHASE BANK USA, NATIONAL ASSOCIATION, IN, ANY BANKRUPTCY PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR
STATE BANKRUPTCY OR SIMILAR LAW IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES OR THE INDENTURE. 
 THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS
NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS OF CHASE BANK USA, NATIONAL ASSOCIATION FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND
FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME. 
 THE HOLDER OF ITS NOTE, BY ITS ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY ITS ACQUISITION OF A BENEFICIAL INTEREST HEREIN, WILL BE DEEMED TO REPRESENT AND WARRANT THAT EITHER (I) IT IS NOT, AND IS NOT DIRECTLY OR INDIRECTLY ACQUIRING THIS NOTE OR ANY BENEFICIAL
INTEREST HEREIN FOR, ON BEHALF OF OR WITH ANY ASSETS OF, AN EMPLOYEE BENEFIT PLAN (WITHIN THE MEANING OF SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)) SUBJECT TO THE FIDUCIARY RESPONSIBILITY
PROVISIONS OF TITLE I OF ERISA, A PLAN (WITHIN THE MEANING OF SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”)) SUBJECT TO SECTION 4975 OF THE CODE, OR A GOVERNMENTAL PLAN (WITHIN THE

  
 A-1-1 

 
MEANING OF SECTION 3(32) OF ERISA), CHURCH PLAN (WITHIN THE MEANING OF SECTION 3(33) OF ERISA), OR NON-U.S. PLAN (AS DESCRIBED IN SECTION 4(b)(4) OF ERISA) OR (II) ITS ACQUISITION AND HOLDING OF
THIS NOTE OR A BENEFICIAL INTEREST HEREIN DOES NOT AND WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION IN VIOLATION OF SECTION 406 OR 407 OF ERISA OR SECTION 4975 OF THE CODE (OR, IN THE CASE OF A GOVERNMENTAL, CHURCH
OR NON-U.S. PLAN, A VIOLATION OF ANY SUBSTANTIALLY SIMILAR NON-U.S., FEDERAL, STATE OR LOCAL LAW). 

  
 A-1-2 

					
	REGISTERED	  		  	up to $_________
			
	No. __	  		  	CUSIP NO. __________

 CHASE ISSUANCE TRUST 

[Floating Rate] 
 CHASEseries
CLASS A(20[•][•]-[•]) NOTE 
 Chase Issuance Trust, a statutory trust created under the laws of the State of Delaware (herein
referred to as the “Issuing Entity”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject to the following provisions, a principal sum of
            payable on the             Payment Date (the “Scheduled Principal Payment Date”), except as otherwise
provided below or in the Indenture; provided, however, that the entire unpaid principal amount of this Note shall be due and payable on the             Payment Date (the
“Legal Maturity Date”). Interest will accrue on this Note at the rate of LIBOR plus             % per annum, as more specifically set forth in the Class
A(20[•][•]-[•]) Terms Document, dated as of     , 20            (the “Terms Document”), between the Issuing Entity, the Indenture Trustee and
the Collateral Agent, and shall be due and payable on each Interest Payment Date from the Monthly Interest Accrual Date in the related Monthly Period (or, in the case of the first Interest Payment Date, from and including the date of issuance of
this Note) to but excluding the first Monthly Interest Accrual Date after the end of that Monthly Period. Interest will be computed on the basis of a 360-day year [and the actual number of days elapsed] [consisting of twelve 30-day months]. Such
principal of and interest on this Note shall be paid in the manner specified on the reverse hereof. 
 The principal of and interest on this
Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Note shall be applied first to
interest due and payable on this Note as provided above and then to the unpaid principal of this Note. 
 Reference is made to the further
provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. 

Unless the certificate of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this
Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

  
 A-1-3 

 IN WITNESS WHEREOF, the Issuing Entity has caused this instrument to be signed, manually or in
facsimile, by its Authorized Officer. 
  

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

		 	Name:
		 	Title:

 Date:             ,
             
 INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 This is one of the Notes designated above and referred to in the within-mentioned Indenture. 

 

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

		 	Name:
		 	Title:

 Date:             ,
             

  
 A-1-4 

 [REVERSE OF NOTE] 

This Class A Note is one of the Notes of a duly authorized issue of Notes of the Issuing Entity, designated as its “CHASEseries
Class A Notes” (herein called the “Notes”), all issued under a Fourth Amended and Restated Indenture dated as of January 20, 2016 (such indenture, as supplemented or amended, is herein called the “Indenture”)
between the Issuing Entity and Wells Fargo Bank, National Association, as indenture trustee (the “Indenture Trustee,” which term includes and successor Indenture Trustee under the Indenture), as supplemented by a Third Amended and Restated
Asset Pool One Supplement dated as of January 20, 2016 (the “Asset Pool One Supplement”), a Second Amended and Restated CHASEseries Indenture Supplement dated as of January 20, 2016 (the “Indenture Supplement”) and the
Terms Document, each between the Issuing Entity and Wells Fargo Bank, National Association, as Indenture Trustee and collateral agent (the “Collateral Agent”), to which Indenture and all indentures supplemental thereto reference is hereby
made for a statement of the respective rights and obligations thereunder of the Issuing Entity, the Indenture Trustee, the Collateral Agent and the Holders of the Notes. The Notes are subject to all terms of the Indenture. All terms used in this
Note that are defined in the Indenture, as supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented or amended. 

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

 The Class B Notes and the Class C Notes will also be issued under the Indenture. 

The Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture and the
Asset Pool One Supplement. 
 Principal of this Note will be payable on the Scheduled Principal Payment Date in an amount described on the
face hereof, subject to the provisions of the Indenture. 
 As described above, the entire unpaid principal amount of this Note shall be due
and payable on the Legal Maturity Date. Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable on the date on which an Event of Default relating solely to the non-payment of interest on the Notes
shall have occurred and be continuing and the Indenture Trustee or the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes
have declared the Notes to be immediately due and payable in the manner provided in Section 6.02 of the Indenture; provided, however, that such acceleration of the entire unpaid principal amount of the Notes may be rescinded by
the holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes. All principal payments on the Notes shall be made pro rata to the
Noteholders entitled thereto. 

  
 A-1-5 

 On any Payment Date on or after the Payment Date on which the aggregate Nominal Liquidation
Amount (after giving effect to all payments on such Payment Date) of any tranche of Notes is reduced to less than 10% of its highest Outstanding Dollar Principal Amount at any time, the Servicer has the right, but not the obligation, to redeem such
class of Notes in whole but not in part, pursuant to Section 11.02 of the Indenture. The redemption price of a class of Notes will equal 100% of the Outstanding Dollar Principal Amount of such Tranche plus accrued, unpaid and additional
interest or principal accreted and unpaid on such Tranche to but excluding the date of redemption. 
 Subject to the terms and conditions of
the Indenture, the Issuing Entity may, from time to time, issue one or more series of Notes secured by one or more asset pools. Subject to the terms of the Asset Pool One Supplement, the Issuing Entity may, from time to time, issue one or more
series of Notes secured by Asset Pool One. Subject to the terms and conditions of the Indenture Supplement, the Issuing Entity may, from time to time, issue one or more Tranches of CHASEseries Notes. 

On each Payment Date, the Paying Agent shall distribute to each Noteholder of record on the related Record Date (except for the final
distribution with respect to this Note) such Noteholder’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Payment Date to pay interest and principal on the Notes. Final payments of this Note will
be made only upon presentation and surrender of this Note at the office or offices therein specified. 
 Payments of interest on this Note
due and payable on each Interest Payment Date, together with the installment of principal, if any, due and payable on each Principal Payment Date, to the extent not in full payment of this Note, shall be made by check mailed to the Person whose name
appears as the Registered Holder of this Note (or one or more Predecessor Notes) on the Note Register as of the close of business on each Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of the
clearing agency (initially, such nominee to be Cede & Co.), payments will be made by wire transfer in immediately available funds to the account designated by such nominee. Such checks shall be mailed to the Person entitled thereto at the
address of such Person as it appears on the Note Register as of the applicable Record Date without requiring that this Note be submitted for notation of payment. Any reduction in the principal amount of this Note (or any one or more Predecessor
Notes) effected by any payments made on any Payment Date shall be binding upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon. If
funds are expected to be available, as provided in the Indenture, for payment in full of the then remaining unpaid principal amount of this Note on a Payment Date, then the Indenture Trustee, in the name of and on behalf of the Issuing Entity, will
notify the Person who was the Registered Holder hereof as of the Record Date preceding such Payment Date by notice mailed within five days of such Payment Date and the amount then due and payable shall be payable only upon presentation and surrender
of this Note at the Indenture Trustee’s principal Corporate Trust Office or at the office of the Indenture Trustee’s agent appointed for such purposes located in the City of New York. On any payment of interest or principal being made,
details of such payment shall be entered by the Indenture Trustee on behalf of the Issuing Entity in Schedule A hereto. 

  
 A-1-6 

 As provided in the Indenture and subject to certain limitations set forth therein, the transfer
of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Issuing Entity pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Indenture Trustee duly executed by, the Holder hereof or his attorney duly authorized in writing, with such signature guaranteed by a commercial bank or trust company located, or having a correspondent
located, in the City of New York or the city in which the Corporate Trust Office is located, or a member firm of a national securities exchange, and such other documents as the Indenture Trustee may require, and thereupon one or more new Notes of
authorized denominations and in the same aggregate principal amount will be issued to the designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be
required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any such registration of transfer or exchange. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing Entity, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing Entity or (iii) any partner, owner, beneficiary, agent,
officer, director or employee of the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, any holder of a beneficial interest in the Issuing Entity, the Owner Trustee, the Collateral Agent or the Indenture Trustee
or of any successor or assign of the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully
liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder will not at any time institute against Chase Bank USA, National Association, Chase Card Funding LLC or the Issuing Entity, or join with any institution against Chase Bank USA,
National Association, Chase Card Funding LLC or the Issuing Entity, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy or similar law in
connection with any obligations relating to the Notes, the Indenture, the Asset Pool One Supplement, the CHASEseries Indenture Supplement, the Terms Document or any Derivative Agreement. 

  
 A-1-7 

 Prior to the due presentment for registration of transfer of this Note, the Issuing Entity, the
Indenture Trustee and any agent of the Issuing Entity or the Indenture Trustee may treat the Person in whose name this Note (as of the day of determination or as of such other date as may be specified in the Indenture) is registered as the owner
hereof for all purposes, whether or not this Note be overdue, and neither the Issuing Entity, the Indenture Trustee nor any such agent shall be affected by notice to the contrary. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuing Entity and the rights of the Holders of the Notes under the Indenture at any time by the Issuing Entity with the consent of the Holders of Notes representing more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes. The Indenture also contains provisions permitting the Holders of Notes representing specified percentages of the Outstanding Dollar Principal Amount of
the Notes, on behalf of the Holders of all the Notes, to waive compliance by the Issuing Entity with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder
of this Note (or any one of more Predecessor Notes) shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof
whether or not notation of such consent or waiver is made upon this Note. The Indenture also permits the Indenture Trustee to amend or waive certain terms and conditions set forth in the Indenture without the consent of Holders of the Notes issued
thereunder. 
 Any Holder of any Note that is a Requesting Party that has made a Repurchase Request agrees to be bound by the dispute
resolutions provisions of the Indenture if such Repurchase Request is not resolved. 
 The term “Issuing Entity” as used in this
Note includes any successor to the Issuing Entity under the Indenture. 
 The Issuing Entity is permitted by the Indenture, under certain
circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee and the Holders of Notes under the Indenture. 
 The
Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. 

THIS NOTE AND THE INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuing
Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place, and rate, and in the coin or currency herein prescribed. 

  
 A-1-8 

 No recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing
Entity on the Notes or under the Indenture or any certificate or other writing delivered in connection herewith or therewith, against (i) the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing
Entity or (iii) any partner, owner, beneficiary, agent, officer, director, employee or agent of the Owner Trustee in its individual capacity, any holder of a beneficial interest in the Issuing Entity or the Owner Trustee or of any successor or
assign of the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed (it being understood that the Owner Trustee has no such obligations in its individual capacity). The Holder of this Note by the acceptance
hereof agrees that, except as expressly provided in the Indenture, the Asset Pool One Supplement, the CHASEseries Indenture Supplement and the Terms Document, in the case of an Event of Default under the Indenture, the Holder shall have no claim
against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Issuing Entity for any and all
liabilities, obligations and undertakings contained in the Indenture or in this Note. 
 Notwithstanding the allocation provisions of the
Indenture, the Asset Pool One Supplement, each additional Asset Pool Supplement, the CHASEseries Indenture Supplement and the indenture supplements for each other Series of Notes, if any, to the extent that the CHASEseries Noteholders are deemed to
have any interest in any assets of the Issuing Entity allocated to other Notes, each Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note Owner, a beneficial interest in a Note, shall agree that their interest in those assets
is subordinate to claims or rights of such other Noteholders to those other assets. Further, each Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note Owner, a beneficial interest in a Note, shall agree that such agreement
constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. 

  
 A-1-9 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

(name and address of assignee) 
 the within Note and all rights
thereunder, and hereby irrevocably constitutes and appoints attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

					
	Dated:	 	  
	 	
		
	  
	 	*
	Signature Guaranteed:	 	

  

	*	NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement or any change whatsoever.

  
 A-1-10 

 SCHEDULE A 

PART I 
 INTEREST PAYMENTS 

 

									
	 Interest
Payment Date
	  	Date of
Payment	  	Total Amount
of Interest 
Payable	  	Amount of
Interest
Paid	  	Confirmation
of payment by
or on behalf 
of the Trust
	 First
	  		  		  		  	
	 Second
	  		  		  		  	

 [continue numbering until the appropriate number of interest payment dates for the Notes is reached] 

  
 A-1-11 

 PART II 

PRINCIPAL PAYMENTS 
  

							
	 Date of

Payment
	  	 Total Amount Payable
	  	Total Amount Paid	  	Confirmation of
payment by or on
behalf of the Trust

 

							
	 Date of

Payment
	  	 Total Amount Payable
	  	Total Amount Paid	  	Confirmation of
payment by or on
behalf of the Trust

 [continue numbering until the appropriate number of installment dates for the Notes is reached] 

  
 A-1-12 

 Exhibit A-2 

FORM OF CLASS B NOTE 
 UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE CHASE ISSUANCE TRUST, CHASE CARD
FUNDING LLC, OR CHASE BANK USA, NATIONAL ASSOCIATION, OR JOIN IN ANY INSTITUTION AGAINST THE CHASE ISSUANCE TRUST, CHASE CARD FUNDING LLC, OR CHASE BANK USA, NATIONAL ASSOCIATION, IN, ANY BANKRUPTCY PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR
STATE BANKRUPTCY OR SIMILAR LAW IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES OR THE INDENTURE. 
 THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS
NOTE, AND EACH HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS OF CHASE BANK USA, NATIONAL ASSOCIATION FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND
FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME. 
 THE HOLDER OF ITS NOTE, BY ITS ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY ITS ACQUISITION OF A BENEFICIAL INTEREST HEREIN, WILL BE DEEMED TO REPRESENT AND WARRANT THAT EITHER (I) IT IS NOT, AND IS NOT DIRECTLY OR INDIRECTLY ACQUIRING THIS NOTE OR ANY BENEFICIAL
INTEREST HEREIN FOR, ON BEHALF OF OR WITH ANY ASSETS OF, AN EMPLOYEE BENEFIT PLAN (WITHIN THE MEANING OF SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)) SUBJECT TO THE FIDUCIARY RESPONSIBILITY
PROVISIONS OF TITLE I OF ERISA, A PLAN (WITHIN THE MEANING OF SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”)) SUBJECT TO SECTION 4975 OF THE CODE, OR A GOVERNMENTAL PLAN (WITHIN THE

  
 A-2-1 

 
MEANING OF SECTION 3(32) OF ERISA), CHURCH PLAN (WITHIN THE MEANING OF SECTION 3(33) OF ERISA), OR NON-U.S. PLAN (AS DESCRIBED IN SECTION 4(b)(4) OF ERISA) OR (II) ITS ACQUISITION AND HOLDING OF
THIS NOTE OR A BENEFICIAL INTEREST HEREIN DOES NOT AND WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION IN VIOLATION OF SECTION 406 OR 407 OF ERISA OR SECTION 4975 OF THE CODE (OR, IN THE CASE OF A GOVERNMENTAL, CHURCH
OR NON-U.S. PLAN, A VIOLATION OF ANY SUBSTANTIALLY SIMILAR NON-U.S., FEDERAL, STATE OR LOCAL LAW). 

  
 A-2-2 

					
	REGISTERED	  		  	up to $_________
			
	No. __	  		  	CUSIP NO. __________

 CHASE ISSUANCE TRUST 

[Floating Rate] 
 CHASEseries
CLASS B(20[•][•]-[•]) NOTE 
 Chase Issuance Trust, a statutory trust created under the laws of the State of Delaware (herein
referred to as the “Issuing Entity”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject to the following provisions, a principal sum of
            payable on the             Payment Date (the “Scheduled Principal Payment Date”), except as otherwise
provided below or in the Indenture; provided, however, that the entire unpaid principal amount of this Note shall be due and payable on the             Payment Date (the
“Legal Maturity Date”). Interest will accrue on this Note at the rate of LIBOR plus             % per annum, as more specifically set forth in the Class
B(20[•][•]-[•]) Terms Document, dated as of     , 20    (the “Terms Document”), between the Issuing Entity, the Indenture Trustee and the Collateral Agent, and shall be due and payable
on each Interest Payment Date from the Monthly Interest Accrual Date in the related Monthly Period (or, in the case of the first Interest Payment Date, from and including the date of issuance of this Note) to but excluding the first Monthly Interest
Accrual Date after the end of that Monthly Period. Interest will be computed on the basis of a 360-day year [and the actual number of days elapsed] [consisting of twelve 30-day months]. Such principal of and interest on this Note shall be paid in
the manner specified on the reverse hereof. 
 The principal of and interest on this Note are payable in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Note shall be applied first to interest due and payable on this Note as provided above
and then to the unpaid principal of this Note. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof,
which shall have the same effect as though fully set forth on the face of this Note. 
 Unless the certificate of authentication hereon has
been executed by the Indenture Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

  
 A-2-3 

 IN WITNESS WHEREOF, the Issuing Entity has caused this instrument to be signed, manually or in
facsimile, by its Authorized Officer. 
  

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

		
	By:	 	  

		 	Name:
		 	Title:

 Date:             ,
             
 INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 This is one of the Notes designated above and referred to in the within-mentioned Indenture. 

 

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

		 	Name:
		 	Title:

 Date:             ,
             

  
 A-2-4 

 [REVERSE OF NOTE] 

This Class B Note is one of the Notes of a duly authorized issue of Notes of the Issuing Entity, designated as its “CHASEseries Class B
Notes” (herein called the “Notes”), all issued under a Fourth Amended and Restated Indenture dated as of January 20, 2016 (such indenture, as supplemented or amended, is herein called the “Indenture”) between the
Issuing Entity and Wells Fargo Bank, National Association, as indenture trustee (the “Indenture Trustee,” which term includes any successor Indenture Trustee under the Indenture), as supplemented by a Third Amended and Restated Asset Pool
One Supplement dated as of January 20, 2016, a Second Amended and Restated CHASEseries Indenture Supplement dated as of January 20, 2016 (the “Indenture Supplement”) and the Class B Terms Document, each between the Issuing Entity
and Wells Fargo Bank, National Association, as Indenture Trustee and collateral agent (the “Collateral Agent”), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights
and obligations thereunder of the Issuing Entity, the Indenture Trustee, the Collateral Agent and the Holders of the Notes. The Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as
supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented or amended. 

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

 The Class A Notes and the Class C Notes will also be issued under the Indenture. 

The Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture and the
Asset Pool One Supplement. 
 Principal of this Note will be payable on the Scheduled Principal Payment Date in an amount described on the
face hereof, subject to the provisions of the Indenture. 
 As described above, the entire unpaid principal amount of this Note shall be due
and payable on the Legal Maturity Date. Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable on the date on which an Event of Default relating solely to the non-payment of interest on the Notes
shall have occurred and be continuing and the Indenture Trustee or the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes
have declared the Notes to be immediately due and payable in the manner provided in Section 6.02 of the Indenture; provided, however, that such acceleration of the entire unpaid principal amount of the Notes may be rescinded by
the holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes. All principal payments on the Notes shall be made pro rata to the
Noteholders entitled thereto. 

  
 A-2-5 

 On any Payment Date on or after the Payment Date on which the aggregate Nominal Liquidation
Amount (after giving effect to all payments on such Payment Date) of any class of Notes is reduced to less than 10% of its highest Outstanding Dollar Principal Amount at any time, the Servicer has the right, but not the obligation, to redeem such
class of Notes in whole but not in part, pursuant to Section 11.02 of the Indenture. The redemption price of such Notes will equal 100% of the Outstanding Dollar Principal Amount of such Tranche plus accrued, unpaid and additional interest or
principal accreted and unpaid on such Tranche to but excluding the date of redemption. 
 Subject to the terms and conditions of the
Indenture, the Issuing Entity may, from time to time, issue one or more series of Notes secured by one or more asset pools. Subject to the terms of the Asset Pool One Supplement, the Issuing Entity may, from time to time, issue one or more series of
Notes secured by Asset Pool One. Subject to the terms and conditions of the Indenture Supplement, the Issuing Entity may, from time to time, issue one or more Tranches of CHASEseries Notes. 

On each Payment Date, the Paying Agent shall distribute to each Noteholder of record on the related Record Date (except for the final
distribution with respect to this Note) such Noteholder’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Payment Date to pay interest and principal on the Notes. Final payments of this Note will
be made only upon presentation and surrender of this Note at the office or offices therein specified. 
 Payments of interest on this Note
due and payable on each Interest Payment Date, together with the installment of principal, if any, due and payable on each Principal Payment Date, to the extent not in full payment of this Note, shall be made by check mailed to the Person whose name
appears as the Registered Holder of this Note (or one or more Predecessor Notes) on the Note Register as of the close of business on each Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of the
clearing agency (initially, such nominee to be Cede & Co.), payments will be made by wire transfer in immediately available funds to the account designated by such nominee. Such checks shall be mailed to the Person entitled thereto at the
address of such Person as it appears on the Note Register as of the applicable Record Date without requiring that this Note be submitted for notation of payment. Any reduction in the principal amount of this Note (or any one or more Predecessor
Notes) effected by any payments made on any Payment Date shall be binding upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon. If
funds are expected to be available, as provided in the Indenture, for payment in full of the then remaining unpaid principal amount of this Note on a Payment Date, then the Indenture Trustee, in the name of and on behalf of the Issuing Entity, will
notify the Person who was the Registered Holder hereof as of the Record Date preceding such Payment Date by notice mailed within five days of such Payment Date and the amount then due and payable shall be payable only upon presentation and surrender
of this Note at the Indenture Trustee’s principal Corporate Trust Office or at the office of the Indenture Trustee’s agent appointed for such purposes located in the City of New York. On any payment of interest or principal being made,
details of such payment shall be entered by the Indenture Trustee on behalf of the Issuing Entity in Schedule A hereto. 

  
 A-2-6 

 As provided in the Indenture and subject to certain limitations set forth therein, the transfer
of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Issuing Entity pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Indenture Trustee duly executed by, the Holder hereof or his attorney duly authorized in writing, with such signature guaranteed by a commercial bank or trust company located, or having a correspondent
located, in the City of New York or the city in which the Corporate Trust Office is located, or a member firm of a national securities exchange, and such other documents as the Indenture Trustee may require, and thereupon one or more new Notes of
authorized denominations and in the same aggregate principal amount will be issued to the designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be
required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any such registration of transfer or exchange. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing Entity, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing Entity or (iii) any partner, owner, beneficiary, agent,
officer, director or employee of the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, any holder of a beneficial interest in the Issuing Entity, the Owner Trustee, the Collateral Agent or the Indenture Trustee
or of any successor or assign of the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully
liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder will not at any time institute against Chase Bank USA, National Association, Chase Card Funding LLC or the Issuing Entity, or join with any institution against Chase Bank USA,
National Association, Chase Card Funding LLC or the Issuing Entity, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy or similar law in
connection with any obligations relating to the Notes, the Indenture, the Asset Pool One Supplement, the CHASEseries Indenture Supplement, the Terms Document or any Derivative Agreement. 

  
 A-2-7 

 Prior to the due presentment for registration of transfer of this Note, the Issuing Entity, the
Indenture Trustee and any agent of the Issuing Entity or the Indenture Trustee may treat the Person in whose name this Note (as of the day of determination or as of such other date as may be specified in the Indenture) is registered as the owner
hereof for all purposes, whether or not this Note be overdue, and neither the Issuing Entity, the Indenture Trustee nor any such agent shall be affected by notice to the contrary. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuing Entity and the rights of the Holders of the Notes under the Indenture at any time by the Issuing Entity with the consent of the Holders of Notes representing more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes. The Indenture also contains provisions permitting the Holders of Notes representing specified percentages of the Outstanding Dollar Principal Amount of
the Notes, on behalf of the Holders of all the Notes, to waive compliance by the Issuing Entity with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder
of this Note (or any one of more Predecessor Notes) shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof
whether or not notation of such consent or waiver is made upon this Note. The Indenture also permits the Indenture Trustee to amend or waive certain terms and conditions set forth in the Indenture without the consent of Holders of the Notes issued
thereunder. 
 Any Holder of any Note that is a Requesting Party that has made a Repurchase Request agrees to be bound by the dispute
resolutions provisions of the Indenture if such Repurchase Request is not resolved. 
 The term “Issuing Entity” as used in this
Note includes any successor to the Issuing Entity under the Indenture. 
 The Issuing Entity is permitted by the Indenture, under certain
circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee and the Holders of Notes under the Indenture. 
 The
Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. 

THIS NOTE AND THE INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuing
Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place, and rate, and in the coin or currency herein prescribed. 

  
 A-2-8 

 No recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing
Entity on the Notes or under the Indenture or any certificate or other writing delivered in connection herewith or therewith, against (i) the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing
Entity or (iii) any partner, owner, beneficiary, agent, officer, director, employee or agent of the Owner Trustee in its individual capacity, any holder of a beneficial interest in the Issuing Entity or the Owner Trustee or of any successor or
assign of the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed (it being understood that the Owner Trustee has no such obligations in its individual capacity). The Holder of this Note by the acceptance
hereof agrees that, except as expressly provided in the Indenture, the Asset Pool One Supplement, the CHASEseries Indenture Supplement and the Terms Document, in the case of an Event of Default under the Indenture, the Holder shall have no claim
against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Issuing Entity for any and all
liabilities, obligations and undertakings contained in the Indenture or in this Note. 
 Notwithstanding the allocation provisions of the
Indenture, the Asset Pool One Supplement, each additional Asset Pool Supplement, the CHASEseries Indenture Supplement and the indenture supplements for each other Series of Notes, if any, to the extent that the CHASEseries Noteholders are deemed to
have any interest in any assets of the Issuing Entity allocated to other Notes, each Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note Owner, a beneficial interest in a Note, shall agree that their interest in those assets
is subordinate to claims or rights of such other Noteholders to those other assets. Further, each Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note Owner, a beneficial interest in a Note, shall agree that such agreement
constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. 

  
 A-2-9 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

(name and address of assignee) 
 the within Note and all rights
thereunder, and hereby irrevocably constitutes and appoints attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

					
	Dated:	 	  
	 	
		
	  
	 	*
	Signature Guaranteed:	 	

  

	*	NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement or any change whatsoever.

  
 A-2-10 

 SCHEDULE A 

PART I 
 INTEREST PAYMENTS 

 

									
	 Interest
Payment Date
	  	Date of
Payment	  	Total Amount
of Interest 
Payable	  	Amount of
Interest Paid	  	Confirmation
of payment by
or on behalf 
of the Trust
	 First
	  		  		  		  	
	 Second
	  		  		  		  	

 [continue numbering until the appropriate number of interest payment dates for the Notes is reached] 

  
 A-2-11 

 PART II 

PRINCIPAL PAYMENTS 
  

							
	
        Date of Payment        

	  	 Total Amount

        Payable      
  
	  	 Total Amount

        Paid       
 
	  	 Confirmation of

payment by or on

        behalf of the Trust  
      

				
	
        Date of Payment        

	  	 Total Amount

        Payable      
  
	  	 Total Amount

        Paid       
 
	  	 Confirmation of

payment by or on

        behalf of the
Trust        

 [continue numbering until the appropriate number of installment dates for the
Notes is reached] 

  
 A-2-12 

 Exhibit A-3 

FORM OF CLASS C NOTE 
 UNLESS THIS NOTE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUING ENTITY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR TO SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THE HOLDER OF THIS NOTE BY ITS ACCEPTANCE HEREOF COVENANTS AND AGREES THAT IT WILL NOT AT ANY TIME INSTITUTE AGAINST THE CHASE ISSUANCE TRUST, CHASE CARD
FUNDING LLC, OR CHASE BANK USA, NATIONAL ASSOCIATION, OR JOIN ANY INSTITUTION AGAINST THE CHASE ISSUANCE TRUST, CHASE CARD FUNDING LLC, OR CHASE BANK USA, NATIONAL ASSOCIATION, IN, ANY BANKRUPTCY PROCEEDINGS UNDER ANY UNITED STATES FEDERAL OR STATE
BANKRUPTCY OR SIMILAR LAW IN CONNECTION WITH ANY OBLIGATIONS RELATING TO THE NOTES OR THE INDENTURE. 
 THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE,
AND EACH HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY THE ACQUISITION OF A BENEFICIAL INTEREST THEREIN, AGREE TO TREAT THE NOTES AS INDEBTEDNESS OF CHASE BANK USA, NATIONAL ASSOCIATION FOR APPLICABLE FEDERAL, STATE, AND LOCAL INCOME AND
FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON OR MEASURED BY INCOME. 
 THE HOLDER OF ITS NOTE, BY ITS ACCEPTANCE OF THIS NOTE, AND EACH
HOLDER OF A BENEFICIAL INTEREST IN THIS NOTE, BY ITS ACQUISITION OF A BENEFICIAL INTEREST HEREIN, WILL BE DEEMED TO REPRESENT AND WARRANT THAT EITHER (I) IT IS NOT, AND IS NOT DIRECTLY OR INDIRECTLY ACQUIRING THIS NOTE OR ANY BENEFICIAL
INTEREST HEREIN FOR, ON BEHALF OF OR WITH ANY ASSETS OF, AN EMPLOYEE BENEFIT PLAN (WITHIN THE MEANING OF SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”)) SUBJECT TO THE FIDUCIARY RESPONSIBILITY
PROVISIONS OF TITLE I OF ERISA, A PLAN (WITHIN THE MEANING OF SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”)) SUBJECT TO SECTION 4975 OF THE CODE, OR A GOVERNMENTAL PLAN (WITHIN THE

  
 A-3-1 

 
MEANING OF SECTION 3(32) OF ERISA), CHURCH PLAN (WITHIN THE MEANING OF SECTION 3(33) OF ERISA), OR NON-U.S. PLAN (AS DESCRIBED IN SECTION 4(b)(4) OF ERISA) OR (II) ITS ACQUISITION AND HOLDING OF
THIS NOTE OR A BENEFICIAL INTEREST HEREIN DOES NOT AND WILL NOT CONSTITUTE OR OTHERWISE RESULT IN A NON-EXEMPT PROHIBITED TRANSACTION IN VIOLATION OF SECTION 406 OR 407 OF ERISA OR SECTION 4975 OF THE CODE (OR, IN THE CASE OF A GOVERNMENTAL, CHURCH
OR NON-U.S. PLAN, A VIOLATION OF ANY SUBSTANTIALLY SIMILAR NON-U.S., FEDERAL, STATE OR LOCAL LAW). 

  
 A-3-2 

					
	REGISTERED	  		  	up to $_________
			
	No. __	  		  	CUSIP NO. __________

 CHASE ISSUANCE TRUST 

[Floating Rate] 
 CHASEseries
CLASS C(20[•][•]-[•]) NOTE 
 Chase Issuance Trust, a statutory trust created under the laws of the State of Delaware (herein
referred to as the “Issuing Entity”), for value received, hereby promises to pay to CEDE & CO., or registered assigns, subject to the following provisions, a principal sum of
            payable on the             Payment Date (the “Scheduled Principal Payment Date”), except as otherwise
provided below or in the Indenture; provided, however, that the entire unpaid principal amount of this Note shall be due and payable on the             Payment Date (the
“Legal Maturity Date”). Interest will accrue on this Note at the rate of LIBOR plus             % per annum, as more specifically set forth in the Class
C(20[•][•]-[•]) Terms Document, dated as of     , 20    (the “Terms Document”), between the Issuing Entity, the Indenture Trustee and the Collateral Agent, and shall be due and payable
on each Interest Payment Date from the Monthly Interest Accrual Date in the related Monthly Period (or, in the case of the first Interest Payment Date, from and including the date of issuance of this Note) to but excluding the first Monthly Interest
Accrual Date after the end of that Monthly Period. Interest will be computed on the basis of a 360-day year [and the actual number of days elapsed] [consisting of twelve 30-day months]. Such principal of and interest on this Note shall be paid in
the manner specified on the reverse hereof. 
 The principal of and interest on this Note are payable in such coin or currency of the United
States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuing Entity with respect to this Note shall be applied first to interest due and payable on this Note as provided above
and then to the unpaid principal of this Note. 
 Reference is made to the further provisions of this Note set forth on the reverse hereof,
which shall have the same effect as though fully set forth on the face of this Note. 
 Unless the certificate of authentication hereon has
been executed by the Indenture Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. 

  
 A-3-3 

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

		 	Name:
		 	Title:

 Date:             ,
             
 INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 This is one of the Notes designated above and referred to in the within-mentioned Indenture. 

 

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

		 	Name:
		 	Title:

 Date:             ,
             

  
 A-3-4 

 [REVERSE OF NOTE] 

This Class C Note is one of the Notes of a duly authorized issue of Notes of the Issuing Entity, designated as its “CHASEseries Class C
Notes” (herein called the “Notes”), all issued under a Fourth Amended and Restated Indenture dated as of January 20, 2016 (such indenture, as supplemented or amended, is herein called the “Indenture”) between the
Issuing Entity and Wells Fargo Bank, National Association, as indenture trustee (the “Indenture Trustee,” which term includes any successor Indenture Trustee under the Indenture), as supplemented by a Third Amended and Restated Asset Pool
One Supplement, dated as of January 20, 2016, a Second Amended and Restated CHASEseries Indenture Supplement dated as of January 20, 2016 (the “Indenture Supplement”) and the Terms Document, between the Issuing Entity and Wells
Fargo Bank, National Association, as Indenture Trustee and collateral agent (the “Collateral Agent”), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights and
obligations thereunder of the Issuing Entity, the Indenture Trustee, the Collateral Agent and the Holders of the Notes. The Notes are subject to all terms of the Indenture. All terms used in this Note that are defined in the Indenture, as
supplemented or amended, shall have the meanings assigned to them in or pursuant to the Indenture, as so supplemented or amended. 

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

 The Class A Notes and the Class B Notes will also be issued under the Indenture. 

The Notes are and will be equally and ratably secured by the collateral pledged as security therefor as provided in the Indenture and the
Asset Pool One Supplement. 
 Principal of this Note will be payable on the Scheduled Principal Payment Date in an amount described on the
face hereof, subject to the provisions of the Indenture. 
 As described above, the entire unpaid principal amount of this Note shall be due
and payable on the Legal Maturity Date. Notwithstanding the foregoing, the entire unpaid principal amount of the Notes shall be due and payable on the date on which an Event of Default relating solely to the non-payment of interest on the Notes
shall have occurred and be continuing and the Indenture Trustee or the Holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes
have declared the Notes to be immediately due and payable in the manner provided in Section 6.02 of the Indenture; provided, however, that such acceleration of the entire unpaid principal amount of the Notes may be rescinded by
the holders of more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes. All principal payments on the Notes shall be made pro rata to the
Noteholders entitled thereto. 

  
 A-3-5 

 On any Payment Date on or after the Payment Date on which the aggregate Nominal Liquidation
Amount (after giving effect to all payments on such Payment Date) of any class of Notes is reduced to less than 10% of its highest Outstanding Dollar Principal Amount at any time, the Servicer has the right, but not the obligation, to redeem such
class of Notes in whole but not in part, pursuant to Section 11.02 of the Indenture. The redemption price of such Notes will equal 100% of the Outstanding Dollar Principal Amount of such Tranche plus accrued, unpaid and additional interest or
principal accreted and unpaid on such Tranche to but excluding the date of redemption. 
 Subject to the terms and conditions of the
Indenture, the Issuing Entity may, from time to time, issue one or more series of Notes secured by one or more asset pools. Subject to the terms of the Asset Pool One Supplement, the Issuing Entity may, from time to time, issue one or more series of
Notes secured by Asset Pool One. Subject to the terms and conditions of the Indenture Supplement, the Issuing Entity may, from time to time, issue one or more Tranches of CHASEseries Notes. 

On each Payment Date, the Paying Agent shall distribute to each Noteholder of record on the related Record Date (except for the final
distribution with respect to this Note) such Noteholder’s pro rata share of the amounts held by the Paying Agent that are allocated and available on such Payment Date to pay interest and principal on the Notes. Final payments of this Note will
be made only upon presentation and surrender of this Note at the office or offices therein specified. 
 Payments of interest on this Note
due and payable on each Interest Payment Date, together with the installment of principal, if any, due and payable on each Principal Payment Date, to the extent not in full payment of this Note, shall be made by check mailed to the Person whose name
appears as the Registered Holder of this Note (or one or more Predecessor Notes) on the Note Register as of the close of business on each Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of the
clearing agency (initially, such nominee to be Cede & Co.), payments will be made by wire transfer in immediately available funds to the account designated by such nominee. Such checks shall be mailed to the Person entitled thereto at the
address of such Person as it appears on the Note Register as of the applicable Record Date without requiring that this Note be submitted for notation of payment. Any reduction in the principal amount of this Note (or any one or more Predecessor
Notes) effected by any payments made on any Payment Date shall be binding upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon. If
funds are expected to be available, as provided in the Indenture, for payment in full of the then remaining unpaid principal amount of this Note on a Payment Date, then the Indenture Trustee, in the name of and on behalf of the Issuing Entity, will
notify the Person who was the Registered Holder hereof as of the Record Date preceding such Payment Date by notice mailed within five days of such Payment Date and the amount then due and payable shall be payable only upon presentation and surrender
of this Note at the Indenture Trustee’s principal Corporate Trust Office or at the office of the Indenture Trustee’s agent appointed for such purposes located in the City of New York. On any payment of interest or principal being made,
details of such payment shall be entered by the Indenture Trustee on behalf of the Issuing Entity in Schedule A hereto. 

  
 A-3-6 

 As provided in the Indenture and subject to certain limitations set forth therein, the transfer
of this Note may be registered on the Note Register upon surrender of this Note for registration of transfer at the office or agency designated by the Issuing Entity pursuant to the Indenture, duly endorsed by, or accompanied by a written instrument
of transfer in form satisfactory to the Indenture Trustee duly executed by, the Holder hereof or his attorney duly authorized in writing, with such signature guaranteed by a commercial bank or trust company located, or having a correspondent
located, in the City of New York or the city in which the Corporate Trust Office is located, or a member firm of a national securities exchange, and such other documents as the Indenture Trustee may require, and thereupon one or more new Notes of
authorized denominations and in the same aggregate principal amount will be issued to the designated transferee or transferees. No service charge will be charged for any registration of transfer or exchange of this Note, but the transferor may be
required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any such registration of transfer or exchange. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note covenants and agrees
that no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing Entity, the Owner Trustee or the Indenture Trustee on the Notes or under the Indenture or any certificate or other writing delivered in connection
therewith, against (i) the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing Entity or (iii) any partner, owner, beneficiary, agent,
officer, director or employee of the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, any holder of a beneficial interest in the Issuing Entity, the Owner Trustee, the Collateral Agent or the Indenture Trustee
or of any successor or assign of the Indenture Trustee, the Collateral Agent or the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed and except that any such partner, owner or beneficiary shall be fully
liable, to the extent provided by applicable law, for any unpaid consideration for stock, unpaid capital contribution or failure to pay any installment or call owing to such entity. 

Each Noteholder or Note Owner, by acceptance of a Note or, in the case of a Note Owner, a beneficial interest in a Note, covenants and agrees
that by accepting the benefits of the Indenture that such Noteholder will not at any time institute against Chase Bank USA, National Association, Chase Card Funding LLC or the Issuing Entity, or join with any institution against Chase Bank USA,
National Association, Chase Card Funding LLC or the Issuing Entity, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings, or other proceedings under any United States Federal or state bankruptcy or similar law in
connection with any obligations relating to the Notes, the Indenture, the Asset Pool One Supplement, the CHASEseries Indenture Supplement, the Terms Document or any Derivative Agreement. 

  
 A-3-7 

 Prior to the due presentment for registration of transfer of this Note, the Issuing Entity, the
Indenture Trustee and any agent of the Issuing Entity or the Indenture Trustee may treat the Person in whose name this Note (as of the day of determination or as of such other date as may be specified in the Indenture) is registered as the owner
hereof for all purposes, whether or not this Note be overdue, and neither the Issuing Entity, the Indenture Trustee nor any such agent shall be affected by notice to the contrary. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuing Entity and the rights of the Holders of the Notes under the Indenture at any time by the Issuing Entity with the consent of the Holders of Notes representing more than 66 2⁄3% of the Outstanding Dollar Principal Amount of the Notes. The Indenture also contains provisions permitting the Holders of Notes representing specified percentages of the Outstanding Dollar Principal Amount of
the Notes, on behalf of the Holders of all the Notes, to waive compliance by the Issuing Entity with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder
of this Note (or any one of more Predecessor Notes) shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof
whether or not notation of such consent or waiver is made upon this Note. The Indenture also permits the Indenture Trustee to amend or waive certain terms and conditions set forth in the Indenture without the consent of Holders of the Notes issued
thereunder. 
 Any Holder of any Note that is a Requesting Party that has made a Repurchase Request agrees to be bound by the dispute
resolutions provisions of the Indenture if such Repurchase Request is not resolved. 
 The term “Issuing Entity” as used in this
Note includes any successor to the Issuing Entity under the Indenture. 
 The Issuing Entity is permitted by the Indenture, under certain
circumstances, to merge or consolidate, subject to the rights of the Indenture Trustee and the Holders of Notes under the Indenture. 
 The
Notes are issuable only in registered form in denominations as provided in the Indenture, subject to certain limitations therein set forth. 

THIS NOTE AND THE INDENTURE WILL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE, WITHOUT REFERENCE TO ITS
CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Issuing
Entity, which is absolute and unconditional, to pay the principal of and interest on this Note at the times, place, and rate, and in the coin or currency herein prescribed. 

  
 A-3-8 

 No recourse may be taken, directly or indirectly, with respect to the obligations of the Issuing
Entity on the Notes or under the Indenture or any certificate or other writing delivered in connection herewith or therewith, against (i) the Owner Trustee in its individual capacity, (ii) any owner of a beneficial interest in the Issuing
Entity or (iii) any partner, owner, beneficiary, agent, officer, director, employee or agent of the Owner Trustee in its individual capacity, any holder of a beneficial interest in the Issuing Entity or the Owner Trustee or of any successor or
assign of the Owner Trustee in its individual capacity, except as any such Person may have expressly agreed (it being understood that the Owner Trustee has no such obligations in its individual capacity). The Holder of this Note by the acceptance
hereof agrees that, except as expressly provided in the Indenture, the Asset Pool One Supplement, the CHASEseries Indenture Supplement and the Terms Document, in the case of an Event of Default under the Indenture, the Holder shall have no claim
against any of the foregoing for any deficiency, loss or claim therefrom; provided, however, that nothing contained herein shall be taken to prevent recourse to, and enforcement against, the assets of the Issuing Entity for any and all
liabilities, obligations and undertakings contained in the Indenture or in this Note. 
 Notwithstanding the allocation provisions of the
Indenture, the Asset Pool One Supplement, each additional Asset Pool Supplement, the CHASEseries Indenture Supplement and the indenture supplements for each other Series of Notes, if any, to the extent that the CHASEseries Noteholders are deemed to
have any interest in any assets of the Issuing Entity allocated to other Notes, each Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note Owner, a beneficial interest in a Note, shall agree that their interest in those assets
is subordinate to claims or rights of such other Noteholders to those other assets. Further, each Noteholder or Note Owner, by acceptance of a Note, or in the case of a Note Owner, a beneficial interest in a Note, shall agree that such agreement
constitutes a subordination agreement for purposes of Section 510(a) of the Bankruptcy Code. 

  
 A-3-9 

 ASSIGNMENT 

Social Security or taxpayer I.D. or other identifying number of assignee 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

(name and address of assignee) 
 the within Note and all rights
thereunder, and hereby irrevocably constitutes and appoints attorney, to transfer said Note on the books kept for registration thereof, with full power of substitution in the premises. 

 

					
	Dated:	 	  
	 	
		
	  
	 	*
	Signature Guaranteed:	 	

  

	*	NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement or any change whatsoever.

  
 A-3-10 

 SCHEDULE A 

PART I 
 INTEREST PAYMENTS 

 

									
	 Interest
Payment Date
	  	Date of
Payment	  	Total Amount
of Interest 
Payable	  	Amount of
Interest
Paid	  	Confirmation
of payment by
or on behalf 
of the Trust
	 First
	  		  		  		  	
	 Second
	  		  		  		  	

 [continue numbering until the appropriate number of interest payment dates for the Notes is reached] 

  
 A-3-11 

 PART II 

PRINCIPAL PAYMENTS 
  

							
	 Date of

Payment
	  	 Total Amount Payable
	  	Total Amount Paid	  	Confirmation of
payment by or on
behalf of the Trust
				
	 Date of

Payment
	  	 Total Amount Payable
	  	Total Amount Paid	  	Confirmation of
payment by or on
behalf of the Trust

[continue numbering until the appropriate number of installment dates for the Notes is reached] 

  
 A-3-12 

 Exhibit C 

CHASE ISSUANCE TRUST 
 Form of
CHASEseries Monthly Noteholders’ Statement1 
 Monthly Period:
[            ] 20     
 The undersigned, a duly authorized
representative of Chase Bank USA, National Association (the “Bank”), as Servicer pursuant to the Fourth Amended and Restated Transfer and Servicing Agreement, dated as of January 20, 2016 (as amended, supplemented or otherwise
modified, the “Transfer and Servicing Agreement”), by and among the Chase Card Funding LLC, as Transferor, the Bank, as Servicer and Administrator, Chase Issuance Trust, as Issuing Entity, and Wells Fargo Bank, National Association,
as Indenture Trustee and Collateral Agent, does hereby certify as follows: 
  

	A.	Information regarding the Current Distribution to Noteholders 

  

	1.	The total amount of the distribution to Noteholders on the Payment Date     , 20            per $1,000 Initial Outstanding Dollar Principal
Amount 

  

					
	Tranche	  	Amount	 
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  

  
  

 

	2.	The amount of the distribution set forth in item 1 in respect of interest on the Notes per $1,000 Initial Outstanding Dollar Principal Amount 

 

									
	Tranche	  	Amount	 	  	Interest Rate	 
	 Class              (20[•][•])
	  	 	—  	  	  	 	—  	% 
	 Class              (20[•][•])
	  	 	—  	  	  	 	—  	% 
	 Class              (20[•][•])
	  	 	—  	  	  	 	—  	% 
	 Class              (20[•][•])
	  	 	—  	  	  	 	—  	% 
	 Class              (20[•][•])
	  	 	—  	  	  	 	—  	% 

  
  

 

	3.	The amount of the distribution set forth in item 1 in respect of principal on the Notes per $1,000 Initial Outstanding Dollar Principal Amount 

 

	1 	We have included the Credit Risk Retention and Delinquency Trigger information in the Form of Monthly Servicer’s Certificate, attached to the APO Supplement. Please let us know if you would prefer it included here
as well. 

  
 C-1 

					
	Tranche	  	Amount	 
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  
	 Class              (20[•][•])
	  	 	—  	  

  
  

 

	B.	Information regarding the Tranches of Notes of the CHASEseries 

  

	1.	Outstanding Dollar Principal Amount and Nominal Liquidation Amount of Tranches of Notes of the CHASEseries for the related Monthly Period 

 

																	
	 Tranche
	  	Initial Outstanding
Dollar Principal
Amount	 	  	Outstanding Dollar
Principal Amount	 	  	Adjusted
Outstanding Dollar
Principal Amount	 	  	Nominal
Liquidation
Amount	 
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class A
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class B
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class C
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
  

  
 C-2 

	2.	Nominal Liquidation Amount of Notes of the CHASEseries 

  

																									
	 Tranche
	  	Beginning
Nominal
Liquidation
Amount	 	  	Increases from
amounts
withdrawn from
the Principal
Funding
Subaccounts in
respect of
Prefunding
Excess Amounts	 	  	Reimbursements
of prior
Nominal
Liquidation
Amount
Deficits
from Available
Finance Charge
Collections	 	  	Reductions
due to
reallocations
of Available
Principal
Collections
and Investor
Charge-Offs	 	  	Reductions
due to
amounts
deposited
to the
Principal
Funding
Subaccounts	 	  	Ending
Nominal
Liquidation
Amount	 
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class A
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class B
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class C
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
  

  
 C-3 

	3.	CHASEseries Interest Funding Account Sub-Accounts 

  

																													
	 Tranche
	  	Beginning
Interest
Funding
Subaccount
Balance	 	  	Targeted deposit
to the Interest
Funding
Subaccount with
respect to the
current period	 	  	Previous
shortfalls
of targeted
deposits to
the Interest
Funding
Subaccount	 	  	Actual
deposit
to the Interest
Funding
Subaccount	 	  	Amount
withdrawn from
the Interest
Funding
Subaccount for
payment to
Noteholders	 	  	Other
Withdrawals	 	  	Ending Interest
Funding
Subaccount
Balance	 
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class A
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class B
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class C
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
  

  
 C-4 

	4.	CHASEseries Principal Funding Account Sub-Accounts 

  

																													
	 Tranche
	  	Beginning
Principal
Funding
Subaccount
Balance	 	  	Targeted
deposit to
the Principal
Funding
Subaccount with
respect to the
current
period	 	  	Previous
shortfalls of
targeted
deposits to
the Principal
Funding
Subaccount	 	  	Actual deposit
to the Principal
Funding
Subaccount	 	  	Amount
withdrawn
from the
Principal
Funding
Subaccount for
payment to
Noteholders	 	  	Other
Withdrawals	 	  	Ending
Principal
Funding
Subaccount
Balance	 
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class A
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class B
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class C
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
  

  
 C-5 

	5.	CHASEseries Class C Reserve Sub-Accounts 

  

																													
	 Tranche
	  	Beginning
Class C
Reserve
Subaccount
Balance	 	  	Class C
Reserve
Subaccount
earnings for the
current period	 	  	Targeted
deposit
to the
Class C
Reserve
Subaccount	 	  	Actual
deposit to
the Class C
Reserve
Subaccount,
including
Excess
Amounts	 	  	Amount
withdrawn
in respect of
payment of
interest or
principal to
Noteholders	 	  	Withdrawal of
Excess Amounts 
pursuant to
subsection 3.25(c)
of the Indenture
Supplement	 	  	Ending Class C
Reserve
Subaccount
Balance	 
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class C (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total Class C
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Total
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
  

 

	6.	Class A Required Subordinated Amount of Class B and Class C Notes and Class A Usage of Class B and Class C Required Subordinated Amounts 

 

																									
	 Tranche
	  	Required
Subordinated
Amount of
Class B
Notes as
of the close
of business
on
the
related Note
Transfer Date	 	  	Required
Subordinated
Amount of Class C
Notes as of the close
of business on
the
related Note
Transfer Date	 	  	Class A
Usage of
Class B
Required
Subordinated
Amount for
the current
period	 	  	Class A
Usage of
Class C
Required
Subordinated
Amount for
the current
period	 	  	Cumulative
Class A
Usage of
Class B
Required
Subordinated
Amount	 	  	Cumulative
Class A
Usage of
Class C
Required
Subordinated
Amount	 
	 Class A (20[•][•])
	  				  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class A (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  	  
	  
	 	  			
	 Total
	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  

  
  

  
 C-6 

	7.	Class B Required Subordinated Amount of Class C Notes and Class B Usage of Class C Required Subordinated Amounts 

  

													
	 Tranche
	  	Required
Subordinated
Amount of Class C
Notes as of the close
of business on the
related Note
Transfer Date	 	  	Class B
Usage of
Class C
Required
Subordinated
Amount for
the current
period	 	  	Cumulative
Class B
Usage of
Class C
Required
Subordinated
Amount	 
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  
	 Class B (20[•][•])
	  	 	—  	  	  	 	—  	  	  	 	—  	  
		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	—  	  	  	 	—  	  	  	 	—  	  

  

	C.	Information regarding the performance of the CHASEseries 

  

													
	 	    	Monthly Period	 	  	Monthly Period	 	  	Monthly Period	 
	 Yield - Finance Charge, Fees & Interchange
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
	 Plus: Yield - Collections of Discount Receivables
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
	 Less: Net Credit Losses
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
		    	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (a) Portfolio Yield
	    	 	—  	%	  	 	—  	%	  	 	—  	%
	 Less:
	    				  				  			
	 Coupon
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
	 Plus: Servicing Fee
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
		    	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (b) Base Rate
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
		    	  
	  
	 	  	  
	  
	 	  	  
	  
	 
	 (a) - (b) = Excess Spread Percentage
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
	 Three Month Average Excess Spread Percentage
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 
	 Excess Spread Amount paid to Transferor
	    	$	—  	  	  	$	—  	  	  	$	—  	  
	 Principal Payment Rate
	    	 	—  	% 	  	 	—  	% 	  	 	—  	% 

  
 C-7 

 
			
	CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer
		
	By:	 	  

		 	Name:
		 	Title:

  
 C-8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00253-of-00352.parquet"}]]