Document:

Sixth Amendment to Lease between InfoSpace, Inc. and Three Bellevue Center LLC

 EXHIBIT 10.28 
  
 SIXTH AMENDMENT 
  
 THIS SIXTH AMENDMENT (the “Amendment”) is made and entered into as of September 26, 2005, by and between THREE BELLEVUE
CENTER LLC, a Washington limited liability company (“Landlord”) and INFOSPACE, INC., a Delaware corporation (“Tenant”). 
  
 RECITALS 
  

	A.	Landlord and Tenant (formerly known as InfoSpace.com, Inc.) are parties to that certain lease dated March 10, 2000 (the “Original Lease”), which Original Lease
has been previously amended by instruments dated August 1, 2000, August 25, 2000, October 10, 2000, June 4, 2002 (the “Third Amendment”), May 16, 2003 and June 23, 2004 (the Original
Lease, as so amended, being referred to herein as the “Lease”). Pursuant to the Lease, Landlord has leased to Tenant space currently containing approximately 108,973 rentable square feet (the “Existing
Premises”) on the 8th, 9th, 10th, 11th and 12th floors of the building commonly known as Key Center, located at 601 108th Avenue NE, Bellevue, Washington (the “Building”). 

  

	B.	Tenant has requested that additional space containing approximately 21,853 rentable square feet on the 7th floor of the Building shown on Exhibit A hereto (the
“7th Floor Expansion Space”) be added to the Premises and that the Lease be appropriately amended and Landlord is willing to do the same on the following terms and conditions. 

  

	C.	The Lease by its terms shall expire on February 29, 2008 (“Previous Termination Date”), and the parties desire to further extend the Term, all on the following
terms and conditions. 

  
 NOW, THEREFORE, in
consideration of the above recitals which by this reference are incorporated herein, the mutual covenants and conditions contained herein and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Landlord and
Tenant agree as follows: 
  

	1.	7th Floor Expansion. Effective as of the 7th Floor Expansion Effective Date (defined below), the Premises, as defined in the Lease, is increased from 108,973 rentable
square feet on the 8th, 9th, 10th, 11th and 12th floors to 130,826 rentable square feet on the 7th, 8th, 9th, 10th, 11th and 12th floors by the addition of the 7th Floor Expansion Space, and from and after the 7th Floor Expansion Effective
Date, the Existing Premises and the 7th Floor Expansion Space, collectively, shall be deemed the Premises, as defined in the Lease. The Term for the 7th Floor Expansion Space shall commence on the 7th Floor Expansion Effective Date and end on the
Second Extended Termination Date (as hereinafter defined). The 7th Floor Expansion Space is subject to all the terms and conditions of the Lease except as expressly modified herein and except that, as to the 7th Floor Expansion Space, Tenant shall not be entitled to receive any allowances, abatements or other financial concessions granted with respect to
the Existing Premises unless such concessions are expressly provided for herein with respect to the 7th Floor Expansion Space. 

  

	 	1.01.	The “7th Floor Expansion Effective Date” shall be the date occurring 60 days after the Actual Delivery Date (defined below). The actual 7th Floor Expansion
Effective Date shall be set forth in a confirmation letter to be prepared by Landlord and executed by Landlord and Tenant. As used herein, “Actual Delivery Date” means the date on which Landlord tenders possession of the
7th Floor Expansion Space to Tenant. Although the parties anticipate that the Actual Delivery Date will be
March 1, 2008, any failure of Landlord to cause the Actual Delivery Date to occur by such date, or by any other date, shall not delay the Second Extended Termination Date (defined below) or, except as provided in Section 1.02 below,
subject Landlord to any liability for any loss or damage resulting therefrom. 

  

	 	1.02.	 Notwithstanding anything to the contrary in Section 1.01 above, if the Actual Delivery Date has not occurred on or before the Outside Delivery Date (defined
below), Tenant, as its sole remedy, shall be entitled to an abatement of Rent, following the 7th Floor
Expansion Effective Date, in the amount of 2 days’ Base Rent with respect to the 7th Floor Expansion
Space for each day in the period beginning on the Outside Delivery Date and ending on the Actual Delivery Date. 

  

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As used herein, “Outside Delivery Date” means March 31, 2008; provided, however, that the Outside Delivery Date shall be postponed
1 day for each day, if any, by which Landlord’s tender of possession of the 7th Floor Expansion Space
is delayed by any event of Force Majeure or any holdover in the 7th Floor Expansion Space by a third party
(except to the extent that such holdover could have been terminated through Landlord’s commercially reasonable exercise of its rights against such third party). 

  

	2.	Extension. The Term is hereby extended for a period of 60 months and shall expire on February 28, 2013 (“Second Extended Termination Date”),
unless sooner terminated in accordance with the terms of the Lease. That portion of the Term commencing the day immediately following the Previous Termination Date (“Second Extension Date”) and ending on the Second Extended
Termination Date shall be referred to herein as the “Second Extended Term”. 

  

	3.	Base Rent. 

  

	 	3.01.	Existing Premises Through Previous Termination Date. The Base Rent, Additional Rent and all other charges under the Lease shall be payable as provided therein with respect to
the Existing Premises through and including the Previous Termination Date. 

  

	 	3.02.	Existing Premises From and After Second Extension Date. As of the Second Extension Date, the schedule of Base Rent payable with respect to the Existing Premises during the
Second Extended Term is the following: 

  

					
	 Period

	  	Annual Rate Per
Square Foot

	  	Monthly
Base Rent

	 3/1/08 through 2/28/09
	  	$21.60	  	$196,151.40
	 3/1/09 through 2/28/10
	  	$22.25	  	$202,054.10
	 3/1/10 through 2/28/11
	  	$22.92	  	$208,138.43
	 3/1/11 through 2/29/12
	  	$23.61	  	$214,404.38
	 3/1/12 through 2/28/13
	  	$24.32	  	$220,851.95

  
 All such Base Rent
shall be payable by Tenant in accordance with the terms of the Lease. 
  
 Notwithstanding anything in this Section 3.02 to the contrary, so long as Tenant is not in monetary default beyond any applicable cure period under the Lease, as amended hereby, Tenant shall be entitled to an abatement of Base Rent
applicable to the Existing Premises in the approximate amount of $196,151.40 per month for the first 6 consecutive full calendar months of the Second Extended Term (the “Existing Premises Rent Abatement Period”). The total amount of
Rent abated during the Existing Premises Rent Abatement Period equals $1,176,908.40 (the “Existing Premises Abated Rent”). If Tenant defaults in a monetary obligation under the Lease at any time during the Term and fails to cure
such default within any applicable cure period, all Existing Premises Abated Rent shall immediately become due and payable. The payment by Tenant of the Existing Premises Abated Rent in the event of a monetary default shall not limit or affect any
of Landlord’s other rights, pursuant to this Lease or at law or in equity. During the Existing Premises Rent Abatement Period, only Base Rent applicable to the Existing Premises shall be abated and any other costs and charges specified in this
Lease shall remain as due and payable pursuant to the provisions of this Lease. 
  

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	 	3.03.	7th Floor Expansion Space From 7th Floor Expansion Effective Date Through Second Extended Termination Date. As of the 7th Floor Expansion Effective Date, the schedule of Base
Rent payable with respect to the 7th Floor Expansion Space for period beginning on the 7th Floor Expansion Effective Date through the Second Extended Termination Date is the following: 

  

					
	 Period

	  	Annual Rate Per
Square Foot

	  	Monthly
Base Rent

	7th Floor Expansion Effective Date through 2/28/09	  	$21.60	  	$39,335,40
	 3/1/09 through 2/28/10
	  	$22.25	  	$40,519.10
	 3/1/10 through 2/28/11
	  	$22.92	  	$41,739.23
	 3/1/11 through 2/29/12
	  	$23.61	  	$42,995.78
	 3/1/12 through 2/28/13
	  	$24.32	  	$44,288.75

  
 All such Base Rent
shall be payable by Tenant in accordance with the terms of the Lease. 
  
 Notwithstanding anything in this Section 3.03 to the contrary, so long as Tenant is not in monetary default beyond any applicable cure period under the Lease, as amended hereby, Tenant shall be entitled to an abatement of Base Rent
applicable to the 7th Floor Expansion Space in the approximate amount of $39,335.40 per month for the first 6 consecutive full calendar months immediately following the 7th Floor Expansion Effective Date (the “7th Floor Expansion Space Rent
Abatement Period”). The total amount of Rent abated during the 7th Floor Expansion Space Rent Abatement Period equals approximately $236,012.40 (the “7th Floor Expansion Space Abated Rent”). If Tenant defaults in a monetary
obligation under the Lease at any time during the Term and fails to cure such default within any applicable cure period, all 7th Floor Expansion Space Abated Rent shall immediately become due and payable. The payment by Tenant of the 7th Floor
Expansion Space Abated Rent in the event of a monetary default shall not limit or affect any of Landlord’s other rights, pursuant to this Lease or at law or in equity. During the 7th Floor Expansion Space Rent Abatement Period, only Base Rent
applicable to the 7th Floor Expansion Space shall be abated and any other costs and charges specified in this Lease shall remain as due and payable pursuant to the provisions of this Lease. 
  

	4.	Tenant’s Pro Rata Share. For the period commencing with the 7th Floor Expansion Effective Date and ending on the Second Extended Termination Date, Tenant’s
Pro Rata Share for the 7th Floor Expansion Space is 4.6259%. 

  

	5.	Expenses and Taxes. 

  

	 	5.01.	Existing Premises for the Second Extended Term. For the period commencing with the Second Extension Date and ending on the Second Extended Termination Date, Tenant shall pay
for Tenant’s Pro Rata Share of Expenses and Taxes applicable to the Existing Premises in accordance with the terms of the Lease. 

  

	 	5.02.	7th Floor Expansion Space From 7th Floor Expansion Effective Date Through Second Extended Termination Date. For the period commencing with the 7th Floor Expansion Effective
Date and ending on the Second Extended Termination Date, Tenant shall pay for Tenant’s Pro Rata Share of Expenses and Taxes applicable to the 7th Floor Expansion Space in accordance with the terms of the Lease. 

  

	6.	Improvements to Existing Premises. 

  

	 	6.01.	Condition of Existing Premises. Tenant is in possession of the Existing Premises and accepts the same “as is” without any agreements, representations,
understandings or obligations on the part of Landlord to perform any alterations, repairs or improvements, except as may be expressly provided otherwise in this Amendment. 

  

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	 	6.02.	Responsibility for Improvements to Existing Premises. Tenant may perform improvements to the Existing Premises in accordance with the work letter (the “Existing
Premises Work Letter”) attached hereto as Exhibit B-1. 

  

	7.	Improvements to 7th Floor Expansion Space. 

  

	 	7.01.	Condition of 7th Floor Expansion Space. Tenant has inspected the 7th Floor Expansion Space and agrees to accept the same “as is” without any agreements,
representations, understandings or obligations on the part of Landlord to perform any alterations, repairs or improvements, except as may be expressly provided otherwise in this Amendment. Between the date hereof and the Actual Delivery Date, if
Landlord consents to any alterations to the 7th Floor Expansion Space by the existing tenant thereof, Landlord
shall provide Tenant with notice of such consent within 10 days after the date of such consent, and if any such alterations constitute material, non-cosmetic alterations that cause the 7th Floor Expansion Space to be materially changed from the condition existing on the date of this Amendment, Landlord shall, at its election, either remove
or replace such alterations (or cause the existing tenant to remove or replace such alterations) before the Actual Delivery Date, or cause the 7th Floor Expansion Space Allowance (defined in Exhibit B-2) to be increased by the amount reasonably required to remove or replace such alterations. 

  

	 	7.02.	Responsibility for Improvements to 7th Floor Expansion Space. Tenant may perform improvements to the 7th Floor Expansion Space in accordance with the work letter (the
“7th Floor Expansion Space Work Letter”) attached hereto as Exhibit B-2. 

  

	8.	[Intentionally Omitted.] 

  

	9.	Other Pertinent Provisions. Landlord and Tenant agree that, effective as of the date of this Amendment (unless different effective date(s) is/are specifically
referenced in this Section), the Lease shall be amended in the following additional respects: 

  

	 	9.01	7th Floor Expansion Space Contraction Option. 

  

	 	A.	Tenant shall have the right (the “7th Floor Contraction Option”) to terminate the Lease with respect to the 7th Floor Expansion Space (sometimes referred to herein
as the “7th Floor Contraction Space”) only, and thus to reduce the Rentable Square Footage of the Premises accordingly, effective as of the date set forth in Tenant’s notice of exercise (“7th Floor Contraction
Notice”), which date shall be at least 12 full calendar months after the date the 7th Floor Contraction Notice is received by Landlord (the “7th Floor Contraction Effective Date”), if: 

  

	 	1.	Tenant is not in default under the Lease beyond any applicable cure periods at the time that Tenant delivers its 7th Floor Contraction Notice; and 

  

	 	2.	no more than 25% of the Premises (inclusive of the 7th Floor Expansion Space) is sublet for a term extending past the 7th Floor Contraction Effective Date; and

  

	 	3.	Tenant is in occupancy of at least 75% of the Premises (inclusive of the 7th Floor Expansion Space). 

  

	 	4.	the Lease has not been assigned (other than pursuant to a Permitted Transfer) prior to the date that Tenant delivers its 7th Floor Contraction Notice or as of the 7th Floor
Contraction Effective Date; and 

  

	 	5.	Landlord receives the 7th Floor Contraction Fee, as described in Section 9.01.C. below, simultaneously with the delivery of the 7th Floor Contraction Notice; and

  

	 	6.	 the Remaining Portion of the Premises (defined below in this Section 9.01.B.) and the 7th Floor Contraction Space are both in marketable configuration, as
determined by Landlord in its 

  

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reasonable judgment, provided that such spaces shall be deemed to be in marketable configuration unless Landlord notifies Tenant to the contrary on or before
the date Landlord approves Tenant’s final plans for the 7th Floor Expansion Space Alterations (defined in
Exhibit B-2). 

  

	 	B.	The Premises, less the 7th Floor Contraction Space, is referred to herein as the “Remaining Portion of the Premises”. 

  

	 	C.	If Tenant exercises its 7th Floor Contraction Option, Tenant, simultaneously with delivery of the 7th Floor Contraction Notice, shall pay to Landlord the following sum (the
“7th Floor Contraction Fee”) as a fee in connection with the contraction and not as a penalty: (i) the unamortized portion of the 7th Floor Expansion Space Allowance (defined in Exhibit B-2) calculated as of the 7th
Floor Contraction Effective Date, plus (ii) the unamortized portion of any external commissions incurred by Landlord in connection with the 7th Floor Expansion Space calculated as of the 7th Floor Contraction Effective Date. Any amortization of
costs hereunder shall be calculated commencing on the Actual Delivery Date and shall be based on an interest rate of 9% per annum. 

  

	 	D.	In addition to the 7th Floor Contraction Fee, Tenant shall also be responsible for all design and construction costs incurred by Landlord in connection with demising the 7th Floor
Contraction Space from the Remaining Portion of the Premises, including modifications of the electrical systems and mechanical systems, so that they can be treated as separate leaseable spaces. Such costs shall be payable by Tenant upon demand from
Landlord. 

  

	 	E.	If Tenant timely and properly exercises the 7th Floor Contraction Option herein, then, effective as of the 7th Floor Contraction Effective Date, the Lease shall be deemed terminated
with respect to the 7th Floor Contraction Space, and Tenant shall surrender the 7th Floor Contraction Space to Landlord in “broom-clean” condition and otherwise in accordance with the terms of the Lease. However, Tenant shall remain liable
for all Base Rent, Additional Rent and other sums due under the Lease with respect to the 7th Floor Expansion Space through the 7th Floor Contraction Effective Date even though billings for such may occur subsequent to the 7th Floor Contraction
Effective Date. If Tenant fails to vacate the 7th Floor Contraction Space on or before the 7th Floor Contraction Effective Date, then the terms of Article XXV of the Original Lease (Holding Over) shall apply to the 7th Floor Contraction Space as of
such date. The termination of the Lease with respect to the 7th Floor Contraction Space shall in no manner affect the remainder of the Premises or any other space leased by Tenant from time to time, and the Lease shall continue in full force and
effect with respect to the Remaining Portion of the Premises and any such other space. 

  

	 	F.	If Tenant timely and properly exercises its 7th Floor Contraction Option, Landlord shall prepare an amendment (the “7th Floor Contraction Amendment”) to reflect
changes in the Base Rent, Tenant’s Pro Rata Share and other appropriate terms. The 7th Floor Contraction Amendment shall be sent to Tenant within a reasonable time after receipt of the 7th Floor Contraction Notice and Tenant shall execute and
return the 7th Floor Contraction Amendment to Landlord within 15 days after Tenant’s receipt of same. At Landlord’s option, an otherwise valid exercise of the 7th Floor Contraction Option shall be fully effective whether or not the 7th
Floor Contraction Amendment is executed. 

  

	 	G.	 As of the date Tenant provides Landlord with a 7th Floor Contraction Notice, any unexercised rights or options of Tenant to renew the Lease Term with respect to the
7th Floor Contraction Space, and any outstanding tenant improvement allowance or other allowance relating to
the 7th Floor Contraction Space not claimed and properly utilized by Tenant in accordance with the Lease as of
such date, shall immediately be deemed terminated and no longer available or of any further force or 

  

 5 

	 	 
effect; provided, however, that any unused 7th Floor Expansion Space Allowance shall be applied to Rent pursuant to Section C of Exhibit B-2. 

  

	 	H.	The rights granted to Tenant under this Section 9.01 shall be personal to the original Tenant named in this Amendment and any assignee of the Lease in connection with a
Permitted Transfer. 

  

	 	9.02	Right of First Offer. 

  

	 	A.	Grant of Option; Conditions. 

  

	 	1.	 Tenant shall have the one time right of first offer (the “Right of First Offer”) with respect to each of the following suites (and with respect to
each portion of each such suite) that becomes Available (as defined below) after the date of mutual execution and delivery of this Amendment (each such suite or portion thereof, a “Potential Offering Space”): (1) the 21,875
rentable square feet known as the 6th floor of the Building, shown on the demising plan attached hereto as Exhibit C-1; (2) the 21,777 rentable square feet known as the 14th floor of the Building, shown on the demising plan attached
hereto as Exhibit C-2; and (3) the 21,615 rentable square feet known as the 20th floor of the Building, shown on the demising plan attached hereto as Exhibit C-3. For purposes hereof, a Potential Offering Space shall be
deemed to become “Available” as follows: (a) if, as of the date of this Amendment, the existing third-party tenant of such Potential Offering Space has one or more options to renew the term of its lease, or enter into a new
lease, for such Potential Offering Space, then such Potential Offering Space shall be deemed to become Available when, as a result of the passage of time and/or any waiver or agreement, such third-party tenant loses the right(s) to exercise one or
more of such options and the term of such third-party tenant’s lease is scheduled to expire with respect to such Potential Offering Space as of a date not later than February 28, 2012, or (b) if, as of the date of this Amendment, such
third-party tenant does not have such an option and such third-party tenant’s lease is scheduled to expire with respect to such Potential Offering Space as of a date not later than February 28, 2012, then such Potential Offering Space
shall be deemed to become Available immediately upon the mutual execution and delivery of this Amendment. Tenant’s Right of First Offer shall be exercised as follows: at any time after any Potential Offering Space has become Available, but
prior to leasing such Potential Offering Space to any party (other than to any existing tenant thereof pursuant to the terms of an option that exists on the date of this Amendment), Landlord shall advise Tenant (the “First Stage
Advice”) of the terms under which Landlord is prepared to lease such Potential Offering Space (an “Offering Space”) to Tenant for the remainder of the Term, which terms shall reflect the Prevailing Market (hereinafter
defined) rate for such Offering Space as reasonably determined by Landlord. Subject to Subparagraph A.2 below, Tenant may lease the Offering Space in its entirety only, under such terms, by delivering written notice of exercise to Landlord (the
“First Stage Notice of Exercise”) within 10 days after the date of the First Stage Advice. In addition, if Tenant becomes entitled to exercise its Right of First Offer with respect to an Offering Space based on a First Stage
Advice delivered by Landlord, but fails to provide Landlord with a First Stage Notice of Exercise within such 10-day period, and if Landlord thereafter proposes to lease such Offering Space to a prospective tenant on terms that are substantially
more favorable to such prospective tenant than those set forth in the First Stage Advice, then Tenant shall once again have a Right of First Offer and Landlord, before leasing the Offering Space to such prospective tenant, shall advise Tenant (a
“Second Stage Advice”) of the terms under which Landlord is prepared to lease the Offering Space to such prospective Tenant, whereupon, 

  

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subject to Subparagraph A.2 below, Tenant may lease the Offering Space, in its entirety only, under such terms, by delivering written notice of exercise
to Landlord (the “Second Stage Notice of Exercise”) within 10 days after the date of the Second Stage Advice. For purposes hereof, the terms offered to a prospective tenant (the “Proposed Terms”) shall not be
deemed to be substantially more favorable than those set forth in the First Stage Advice unless the net effective rent for the Offering Space as provided under the Proposed Terms is less than 90% of the net effective rent for the Offering Space as
provided under the First Stage Advice, as determined in good faith by Landlord using a discount rate of 9.0% and taking into account all proposed material economic terms relating to the Offering Space, including, without limitation, the length of
the term, the net rent, any base year, any tax or expense escalation or other financial escalation, and any financial concessions, but excluding any right to extend the term or any right to expand the leased premises (whether in the form of an
expansion option, a right of first offer or refusal, or any similar right). 

  

	 	2.	Notwithstanding anything to the contrary in Subparagraph A.1 above, Tenant shall have no Right of First Offer and Landlord need not provide Tenant with any First Stage Advice
or any Second Stage Advice (each, an “Advice”) with respect to any Potential Offering Space, if: 

  

	 	a.	Tenant is in default under the Lease beyond any applicable cure periods at the time that Landlord would otherwise deliver the Advice; or 

  

	 	b.	more than 25% of the Premises is sublet at the time Landlord would otherwise deliver the Advice; or 

  

	 	c.	the Lease has been assigned (except pursuant to a Permitted Transfer) prior to the date Landlord would otherwise deliver the Advice; or 

  

	 	d.	Tenant is not occupying at least 75% of the Premises on the date Landlord would otherwise deliver the Advice; or 

  

	 	e.	such Potential Offering Space is not intended for the exclusive use of Tenant or its affiliates during the Term. 

  

	 	B.	Terms for Offering Space. 

  

	 	1.	The term for the Offering Space shall commence upon the commencement date stated in the applicable Advice and thereupon such Offering Space shall be considered a part of the
Premises; provided, however, that in the event of any conflict between the terms of the Lease and the terms of the applicable Advice, the terms of the applicable Advice shall prevail with respect to the Offering Space; provided further, however,
that in the event of any conflict between the terms of the applicable Advice and the terms of this Section 9.02, the terms of this Section 9.02 shall prevail. 

  

	 	2.	Tenant shall pay Base Rent and Additional Rent for the Offering Space in accordance with the terms and conditions of the applicable Advice, which terms and conditions shall reflect
the Prevailing Market rate for the Offering Space as determined in Landlord’s reasonable judgment. 

  

	 	3.	 The Offering Space (including improvements and personalty, if any) shall be accepted by Tenant in its condition and as-built configuration existing on the earlier
of the date Tenant takes possession of the Offering Space or as of the date the term for such Offering Space commences, unless the applicable Advice 

  

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specifies any work to be performed by Landlord in the Offering Space, in which case Landlord shall perform such work in the Offering Space. If Landlord is
delayed delivering possession of the Offering Space due to the holdover or unlawful possession of such space by any party, Landlord shall use reasonable efforts to obtain possession of the space, and the commencement of the term for the Offering
Space shall be postponed until the date Landlord delivers possession of the Offering Space to Tenant free from occupancy by any party. 

  

	 	C.	Termination of Right of First Offer; Relationship of Right of First Offer to Renewal Option. The rights of Tenant hereunder with respect to any Potential Offering Space shall
terminate on the earlier to occur of: (i) February 28, 2012; (ii) Tenant’s failure to exercise its Right of First Offer with respect to such Potential Offering Space within the 10 Business Day period provided in Section 9.02.A
above; and (iii) the date Landlord would have provided Tenant an Advice for such Potential Offering Space if Tenant had not been in violation of one or more of the conditions set forth in Section 9.02.A above. In addition, if Landlord
provides Tenant with an Advice for any Offering Space that contains expansion rights (whether such rights are described as an expansion option, right of first refusal, right of first offer or otherwise) with respect to any other Potential Offering
Space (such other Potential Offering Space subject to such expansion rights is referred to herein as an “Encumbered Potential Offering Space”) and Tenant does not exercise its Right of First Offer to lease such Offering Space
pursuant to the Advice, Tenant’s Right of First Offer with respect to the Encumbered Potential Offering Space shall be subject and subordinate to all such expansion rights contained in the Advice. 

  

	 	D.	Offering Amendment. If Tenant exercises its Right of First Offer, Landlord shall prepare an amendment (the “Offering Amendment”) adding the Offering Space to
the Premises on the terms set forth in the applicable Advice and reflecting the changes in the Base Rent, Rentable Square Footage of the Premises, Tenant’s Pro Rata Share and other appropriate terms. A copy of the Offering Amendment shall be
sent to Tenant within a reasonable time after Landlord’s receipt of the First Stage Notice of Exercise or the Second Stage Notice of Exercise, as applicable, executed by Tenant, and Tenant shall execute and return the Offering Amendment to
Landlord within 30 days thereafter, but an otherwise valid exercise of the Right of First Offer shall be fully effective whether or not the Offering Amendment is executed. 

  

	 	E.	Definition of Prevailing Market. For purposes of this Right of First Offer provision, “Prevailing Market” shall mean the annual rental rate per square foot
for space comparable to the Offering Space in the Building and office buildings comparable to the Building in the Bellevue central business district under leases and renewal and expansion amendments being entered into at or about the time that
Prevailing Market is being determined, giving appropriate consideration to tenant concessions, brokerage commissions, tenant improvement allowances, existing improvements in the space in question, the length of the term, and the method of allocating
operating expenses and taxes. Notwithstanding the foregoing, space leased under any of the following circumstances shall not be considered to be comparable for purposes hereof: (i) the lease term is for less than the lease term of the Offering
Space, (ii) the space is encumbered by the option rights of another tenant, or (iii) the space has a lack of windows and/or an awkward or unusual shape or configuration. The foregoing is not intended to be an exclusive list of space that
will not be considered to be comparable. 

  

	 	F.	Subordination. Notwithstanding anything herein to the contrary, Tenant’s Right of First Offer is subject and subordinate to the expansion rights (whether such rights are
designated as a right of first offer, right of first refusal, expansion option or otherwise) of any tenant of the Building existing on the date hereof. 

  

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	 	9.03	Renewal Option. Section II of Exhibit E to the Original Lease is deleted in its entirety and the following is hereby added to and made part of the Lease.

  

	 	A.	Tenant shall have the right to extend the Second Extended Term (the “Renewal Option”) for one additional period of 5 years commencing on the day following the
Second Extended Termination Date and ending on the 5th anniversary of the Second Extended Termination Date (the “Renewal Term”) if each of the following conditions 1 through 5 is satisfied: 

  

	 	1.	Landlord receives notice of exercise (“Initial Renewal Notice”) not later than February 29, 2012 and not sooner than December 1, 2011; and

  

	 	2.	Tenant is not in default under the Lease beyond any applicable cure periods at the time that Tenant delivers its Initial Renewal Notice or at the time Tenant delivers its Binding
Notice (as defined below); and 

  

	 	3.	No more than 25% of the Premises is sublet (other than pursuant to a Permitted Transfer) at the time that Tenant delivers its Initial Renewal Notice or at the time Tenant delivers
its Binding Notice; and 

  

	 	4.	The Lease has not been assigned prior to the date that Tenant delivers its Initial Renewal Notice or prior to the date Tenant delivers its Binding Notice (except for a transfer
approved by Landlord or a Permitted Transfer); 

  

	 	5.	Tenant executes and returns the Renewal Amendment (hereinafter defined) within 30 days after its submission to Tenant. 

  

	 	B.	The initial Base Rent rate per rentable square foot for the Premises during the Renewal Term shall equal the Prevailing Market (hereinafter defined) rate per rentable square foot
for the Premises. 

  

	 	C.	Tenant shall pay Additional Rent (i.e. Expenses and Taxes) for the Premises during the Renewal Term in accordance with the terms of Article IV of the Lease.

  

	 	D.	 Within 60 days after receipt of Tenant’s Initial Renewal Notice, Landlord shall advise Tenant of the applicable Base Rent rate for the Premises for the
Renewal Term. Tenant, within 60 days after the date on which Landlord advises Tenant of the applicable Base Rent rate for the Renewal Term, shall either (i) give Landlord final binding written notice (“Binding Notice”)
of Tenant’s exercise of its Renewal Option, or (ii) if Tenant disagrees with Landlord’s determination, provide Landlord with written notice of rejection (the “Rejection Notice”). If Tenant fails to provide
Landlord with either a Binding Notice or Rejection Notice within such 60 day period, then Tenant’s Renewal Option shall be null and void and of no further force and effect. If Tenant provides Landlord with a Binding Notice, Landlord and Tenant
shall enter into the Renewal Amendment upon the terms and conditions set forth herein. If Tenant provides (or is deemed to provide) Landlord with a Rejection Notice, Landlord and Tenant shall work together in good faith to agree upon the Prevailing
Market rate for the Premises during the Renewal Term. Upon agreement, Tenant shall provide Landlord with Binding Notice and Landlord and Tenant shall enter into the Renewal Amendment in accordance with the terms and conditions hereof. If Landlord
and Tenant fail to agree upon the Prevailing Market rate within 30 days after the date Tenant provides (or is deemed to provide) Landlord with the Rejection Notice, then either party, by written notice (the “Arbitration
Notice”) to the other within 30 days after the expiration of such 30 day period, shall have the right to have the Prevailing Market rate determined by binding arbitration in accordance with the procedures set forth below. If Landlord and
Tenant cannot agree upon the Prevailing Market rate within the 30 day period described and neither party elects to invoke its right of 

  

 9 

	 	 
arbitration (and Tenant is not deemed to have exercised its right to arbitrate), Tenant’s Renewal Option shall be deemed to be null and void and of no
further force and effect. If the right of arbitration is invoked (or if Tenant is deemed to provide Landlord with an Arbitration Notice), Landlord and Tenant, at their sole cost and expense, shall each employ an appraiser within 15 days after the
Arbitration Notice is given (or is deemed to have been given by Tenant). If either party fails to appoint an appraiser within such period then the appointed appraiser shall be the sole appraiser and his or her determination shall be binding. Each
appraiser shall be a member of the Master Appraisers Institute or similar reputable organization, with 10 years of experience appraising office buildings comparable to the location and type of that of the Building. Each appraiser shall render an
appraisal of the Prevailing Market rate for the Premises within 30 calendar days. The two appraisers, within 10 days of the exchange of appraisals, shall mutually agree upon the Prevailing Market rate for the Premises and notify Landlord and Tenant
of their determination. Such determination shall be binding upon both Landlord and Tenant. If the appraisers cannot agree on a determination of the Prevailing Market Rate within 10 days of the exchange of appraisals, then Landlord and Tenant shall
select an independent third appraiser acceptable to both within 10 days. If Landlord and Tenant are unable to select an independent third appraiser acceptable to both within 10 days, either party may request that the American Arbitration Association
in the county in which the Building is located appoint an independent third appraiser that meets the qualifications described above. Within 10 days following appointment (whether by mutual agreement or arbitration), the third appraiser shall choose
the appraisal of either Landlord’s appraiser or Tenant’s appraiser and the chosen appraisal shall be deemed to represent the Prevailing Market rate for the Premises. Such determination shall be binding upon both Landlord and Tenant. The
parties shall share equally in the cost of any such third appraiser. 

  

	 	E.	If Tenant is entitled to and properly exercises its Renewal Option, Landlord shall prepare an amendment (the “Renewal Amendment”) to reflect changes in the Base
Rent, Term, Termination Date and other appropriate terms. The Renewal Amendment shall be: 

  

	 	1.	sent to Tenant within a reasonable time after receipt of the Binding Notice; and 

  

	 	2.	executed by Tenant and returned to Landlord in accordance with paragraph 9.03.A.5 above. 

  
 An otherwise valid exercise of the Renewal Option shall, at Landlord’s option, be fully effective whether or not the
Renewal Amendment is executed. 
  

	 	F.	For purposes of this Renewal Option, “Prevailing Market” shall mean the arms length fair market annual rental rate per rentable square foot, and refurbishment
allowance, if any, under leases entered into on or about the date on which the Prevailing Market is being determined hereunder for space comparable to the Premises in the Building and office buildings comparable to the Building in Bellevue,
Washington. The determination of Prevailing Market shall take into account any material economic differences between the terms of this Lease and any comparison lease or amendment, such as rent abatements, construction costs and other concessions and
the manner, if any, in which the Landlord under any such lease is reimbursed for operating expenses and taxes. The determination of Prevailing Market shall also take into consideration any reasonably anticipated changes in the Prevailing Market rate
from the time such Prevailing Market rate is being determined and the time such Prevailing Market rate will become effective under this Lease. 

  

	 	9.04	Security Deposit. Section IV.C of the Third Amendment is deleted in its entirety and is null and void and of no further force or effect. Landlord hereby acknowledges that the
amount of the Security Deposit (in the form of a Letter of Credit) held by Landlord as of the date of this Lease is $3,255,986.00. 

  

 10 

	 	9.05	Reduction of Security Deposit. Section VI.D of the Original Lease (as made part of the Lease pursuant to Section IX.B of the Third Amendment) is deleted in its entirety and
the following substituted therefor: 

  

	 	D.	In addition to the provisions of Section VI.C above, so long as Tenant is not in default under this Lease beyond the expiration of any applicable cure periods at the time of
the proposed reduction, Tenant shall, subject to the remaining terms of this Article VI, also have the right to reduce the amount of the Security Deposit (i.e. the Letter of Credit) to $1,075,000.00, effective as of the later of:
(a) March 1, 2008, or (b) the date which is 45 days after written notice from Tenant to Landlord of such Security Deposit reduction. 

  

	 	9.06	Assignment and Subletting. In the second sentence of Section XII.D of the Lease, the phrase “, directly or indirectly,” is hereby inserted after the word
“owned”. 

  

	10.	Miscellaneous. 

  

	 	10.01.	This Amendment and the attached exhibits, which are hereby incorporated into and made a part of this Amendment, set forth the entire agreement between the parties with respect to
the matters set forth herein. There have been no additional oral or written representations or agreements. Under no circumstances shall Tenant be entitled to any Rent abatement, improvement allowance, leasehold improvements, or other work to the
Premises, or any similar economic incentives that may have been provided Tenant in connection with entering into the Lease, unless specifically set forth in this Amendment. Tenant agrees that neither Tenant nor its agents or any other parties acting
on behalf of Tenant shall disclose any matters set forth in this Amendment or disseminate or distribute any information concerning the terms, details or conditions hereof to any person, firm or entity without obtaining the express written consent of
Landlord. Notwithstanding the foregoing, Landlord acknowledges that Tenant is a public company and may publicly disclose this Amendment to the extent required by governmental laws or regulations. 

  

	 	10.02.	Except as herein modified or amended, the provisions, conditions and terms of the Lease shall remain unchanged and in full force and effect. 

  

	 	10.03.	In the case of any inconsistency between the provisions of the Lease and this Amendment, the provisions of this Amendment shall govern and control. 

  

	 	10.04.	Submission of this Amendment by Landlord is not an offer to enter into this Amendment but rather is a solicitation for such an offer by Tenant. Landlord shall not be bound by this
Amendment until Landlord has executed and delivered the same to Tenant. 

  

	 	10.05.	The capitalized terms used in this Amendment shall have the same definitions as set forth in the Lease to the extent that such capitalized terms are defined therein and not
redefined in this Amendment. 

  

	 	10.06.	 Tenant hereby represents to Landlord that Tenant has dealt with no broker in connection with this Amendment, other than Christopher Moe and John Cox of GVA Kidder
Mathews (“Tenant’s Broker”). Tenant agrees to indemnify and hold Landlord, its trustees, members, principals, beneficiaries, partners, officers, directors, employees, mortgagee(s) and agents, and the respective principals and
members of any such agents (collectively, the “Landlord Related Parties”) harmless from all claims of any brokers, other than Tenant’s Broker, claiming to have represented Tenant in connection with this Amendment. Landlord
hereby represents to Tenant that Landlord has dealt with no broker in connection with this Amendment, other than Susan Murphy of Equity Office Properties Management Corp. (“Landlord’s Broker”). Landlord agrees to indemnify and
hold Tenant, its trustees, members, principals, beneficiaries, partners, officers, directors, employees, and agents, and the respective principals and members of any such agents (collectively, the “Tenant Related Parties”) harmless
from all claims of any 

  

 11 

	 	 
brokers, including Landlord’s Broker, claiming to have represented Landlord in connection with this Amendment. 

  

	 	10.07.	Each signatory of this Amendment represents hereby that he or she has the authority to execute and deliver the same on behalf of the party hereto for which such signatory is acting.

  
 SIGNATURES ARE ON THE FOLLOWING PAGE

  
 IN WITNESS WHEREOF, Landlord and Tenant have duly
executed this Amendment as of the day and year first above written. 
  

									
	LANDLORD:
	
	 THREE BELLEVUE CENTER LLC,
 a
Washington limited liability company

		
	By:	 	 EOP-Three Bellevue Center, L.L.C.,

 a
Delaware limited liability company, its sole member

			
	 	 	 By:
	 	EOP Operating Limited Partnership,
a Delaware limited partnership, its sole member
				
	 	 	 	 	 By:
	 	Equity Office Properties Trust,
a Maryland real estate investment trust, its general partner
					
	 	 	 	 	 	 	 By:
	 	 /s/ M. Patrick Callahan

	 	 	 	 	 	 	 	 	M. Patrick Callahan
	 	 	 	 	 	 	 	 	Senior Vice President,
	 	 	 	 	 	 	 	 	Seattle Region

  

					
	 	 	TENANT:
		
	 	 	INFOSPACE, INC., a Delaware corporation
			
	  	 	 By:
	 	 /s/ James Voelker

	 	 	 Name:
	 	 James Voelker

	 	 	 Title:
	 	 Chairman and CEO

  

 12 

 THIS PAGE IS REQUIRED IF PROPERTY IS IN 
 OHIO OR WASHINGTON STATE 
  
 LANDLORD ACKNOWLEDGMENTS 
  

					
	STATE OF Washington	 	)	  	 
	COUNTY OF King	 	)	  	ss:

  
 I, the undersigned, a
Notary Public, in and for the County and State aforesaid, do hereby certify that M. Patrick Callahan, personally known to me to be the Sr. VP of Equity Office Properties Trust, a Maryland real estate investment trust, and
personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that as such officer of said entity being authorized so to do, (s)he executed the foregoing
instrument on behalf of said entity, by subscribing the name of such entity by himself/herself as such officer, as a free and voluntary act, and as the free and voluntary act and deed of said entity under the foregoing instrument for the uses and
purposes therein set forth. 
  
 GIVEN under my hand and official seal this 26th
day of September, 2005. 
  

	
	
	 /s/ Nathan Paul Good

	Notary Public

  
 My Commission Expires: 1/9/08 
  
 TENANT
ACKNOWLEDGMENTS 
  

					
	STATE OF Washington	 	)	  	 
	COUNTY OF King	 	)	  	ss:

  
 On this the 15th day of
Sept., 2005, before me a Notary Public duly authorized in and for the said County in the State aforesaid to take acknowledgments personally appeared James Voelker known to me to be Chairman and CEO of INFOSPACE, INC., a
Delaware corporation, one of the parties described in the foregoing instrument, and acknowledged that as such officer, being authorized so to do, (s)he executed the foregoing instrument on behalf of said corporation by subscribing the name of
such corporation by himself/herself as such officer and caused the corporate seal of said corporation to be affixed thereto, as a free and voluntary act, and as the free and voluntary act of said corporation, for the uses and purposes therein set
forth. 
  
 IN WITNESS WHEREOF, I hereunto set my hand and official seal.

  

	
	
	 /s/ Janice M. Riggs

	Notary Public

  
 My Commission Expires: 11-2-08 
  

 13 

  
 EXHIBIT A 

 
 OUTLINE AND LOCATION OF 7th FLOOR EXPANSION SPACE 

 

 14 

  
 EXHIBIT B-1

  
 EXISTING PREMISES WORK LETTER 
  
 This Exhibit is attached to and made a part of the Amendment (the
“Amendment”) by and between THREE BELLEVUE CENTER LLC, a Washington limited liability company (“Landlord”) and INFOSPACE, INC., a Delaware corporation (“Tenant”) for space in the Building located at
601 108th Avenue NE, Bellevue, Washington, and commonly known as Key Center. Capitalized terms used but not defined herein shall have the meanings given in the Amendment. 
  

	A.	Tenant, following the full and final execution and delivery of the Amendment, shall have the right to perform alterations and improvements in the Existing Premises (the
“Existing Premises Alterations”). Notwithstanding the foregoing, Tenant and its contractors shall not have the right to perform Existing Premises Alterations in the Existing Premises unless and until Tenant has complied with all of
the terms and conditions of Section IX.C of the Lease, including, without limitation, approval by Landlord of the final plans for the Existing Premises Alterations and the contractors to be retained by Tenant to perform such Existing Premises
Alterations. Tenant shall be responsible for all elements of the design of Tenant’s plans (including, without limitation, compliance with law, functionality of design, the structural integrity of the design, the configuration of the premises
and the placement of Tenant’s furniture, appliances and equipment), and Landlord’s approval of Tenant’s plans shall in no event relieve Tenant of the responsibility for such design. Landlord’s approval of the contractors to
perform the Existing Premises Alterations shall not be unreasonably withheld. The parties agree that Landlord’s approval of the general contractor to perform the Existing Premises Alterations shall not be considered to be unreasonably withheld
if any such general contractor (i) does not have trade references reasonably acceptable to Landlord, (ii) does not maintain insurance as required pursuant to the terms of this Lease, (iii) does not have the ability to be bonded for
the work in an amount of no less than 150% of the total estimated cost of the Existing Premises Alterations, (iv) does not provide current financial statements reasonably acceptable to Landlord, or (v) is not licensed as a contractor in
the state/municipality in which the Existing Premises is located. Tenant acknowledges the foregoing is not intended to be an exclusive list of the reasons why Landlord may reasonably withhold its consent to a general contractor.

  

	B.	Landlord agrees to contribute the sum of $3,269,190.00 (i.e., $30.00 per rentable square foot of the Existing Premises) (the “Existing Premises Allowance”) toward
the cost of performing the Existing Premises Alterations. The Existing Premises Allowance may only be used for the cost of preparing design and construction documents and mechanical and electrical plans for the Existing Premises Alterations and for
hard costs and applicable sales taxes in connection with the Existing Premises Alterations; provided, however, that up to $500,000.00 of the Existing Premises Allowance may also be used for soft costs (including, but not limited to, permit fees,
construction management fees, cabling costs and moving costs) and applicable sales taxes. The Existing Premises Allowance shall be paid to Tenant or, at Landlord’s option, to the order of the general contractor that performed the Existing
Premises Alterations, within 30 days following receipt by Landlord of (1) receipted bills covering all labor and materials expended and used in the Existing Premises Alterations; (2) a sworn contractor’s affidavit from the general
contractor and a request to disburse from Tenant containing an approval by Tenant of the work done; (3) full and final waivers of lien; (4) as-built plans of the Existing Premises Alterations; and (5) the certification of Tenant and
its architect that the Existing Premises Alterations have been installed in a good and workmanlike manner in accordance with the approved plans, and in accordance with applicable laws, codes and ordinances. The Existing Premises Allowance shall be
disbursed in the amount reflected on the receipted bills meeting the requirements above. Notwithstanding anything herein to the contrary, Landlord shall not be obligated to disburse any portion of the Existing Premises Allowance during the
continuance of an uncured default under the Lease, and Landlord’s obligation to disburse shall only resume when and if such default is cured. 

  

	C.	In no event shall the Existing Premises Allowance be used for the purchase of equipment, furniture or other items of personal property of Tenant except as otherwise provided in
Section B above. If Tenant does not submit a request for payment of the entire Existing Premises Allowance to Landlord in accordance with the provisions contained in this Exhibit by December 31, 2006, any unused amount shall be applied to
Rent next becoming due under the Lease until such amount has been fully applied. Tenant shall be responsible for all applicable state sales or use taxes, if any, payable in connection with the Existing Premises Alterations and/or the Existing
Premises Allowance. 

  

 15 

	D.	This Exhibit shall not be deemed applicable to any additional space added to the Premises at any time or from time to time, whether by any options under the Lease or otherwise, or
to any portion of the Existing Premises or any additions to the Premises in the event of a renewal or extension of the Term, whether by any options under the Lease or otherwise, unless expressly so provided in the Lease or any amendment or
supplement to the Lease. 

  
 THE REMAINDER OF THIS
PAGE IS INTENTIONALLY BLANK 
  

 16 

  
 EXHIBIT B-2

  
 7th FLOOR EXPANSION SPACE WORK LETTER

  
 This Exhibit is attached to and made a part of the
Amendment (the “Amendment”) by and between THREE BELLEVUE CENTER LLC, a Washington limited liability company (“Landlord”) and INFOSPACE, INC., a Delaware corporation (“Tenant”) for space in the
Building located at 601 108th Avenue NE, Bellevue, Washington, and commonly known as Key Center. Capitalized terms used but not defined herein shall have the meanings given in the Amendment. 
  

	A.	Tenant, following the delivery of the 7th Floor Expansion Space by Landlord, shall have the right to perform alterations and improvements in the 7th Floor Expansion Space
(the “7th Floor Expansion Space Alterations”). Notwithstanding the foregoing, Tenant and its contractors shall not have the right to perform 7th Floor Expansion Space Alterations in the 7th Floor Expansion Space
unless and until Tenant has complied with all of the terms and conditions of Section IX.C of the Lease, including, without limitation, approval by Landlord of the final plans for the 7th Floor Expansion Space Alterations and the
contractors to be retained by Tenant to perform such 7th Floor Expansion Space Alterations. Tenant shall be responsible for all elements of the design of Tenant’s plans (including, without limitation, compliance with law, functionality of
design, the structural integrity of the design, the configuration of the premises and the placement of Tenant’s furniture, appliances and equipment), and Landlord’s approval of Tenant’s plans shall in no event relieve Tenant of the
responsibility for such design. Landlord’s approval of the contractors to perform the 7th Floor Expansion Space Alterations shall not be unreasonably withheld. The parties agree that Landlord’s approval of the general contractor to
perform the 7th Floor Expansion Space Alterations shall not be considered to be unreasonably withheld if any such general contractor (i) does not have trade references reasonably acceptable to Landlord, (ii) does not maintain
insurance as required pursuant to the terms of this Lease, (iii) does not have the ability to be bonded for the work in an amount of no less than 150% of the total estimated cost of the 7th Floor Expansion Space Alterations, (iv) does
not provide current financial statements reasonably acceptable to Landlord, or (v) is not licensed as a contractor in the state/municipality in which the 7th Floor Expansion Space is located. Tenant acknowledges the foregoing is not
intended to be an exclusive list of the reasons why Landlord may reasonably withhold its consent to a general contractor. 

  

	B.	Subject to Section 7.01 of the Amendment, Landlord agrees to contribute the sum of $655,590.00 (i.e., $30.00 per rentable square foot of the 7th Floor Expansion Space)
(the “7th Floor Expansion Space Allowance”) toward the cost of performing the 7th Floor Expansion Space Alterations in preparation of Tenant’s occupancy of the 7th Floor Expansion Space. The 7th Floor
Expansion Space Allowance may only be used for the cost of preparing design and construction documents and mechanical and electrical plans for the 7th Floor Expansion Space Alterations and for hard costs and applicable sales taxes in connection
with the 7th Floor Expansion Space Alterations; provided, however, that up to $50,000.00 of the 7th Floor
Expansion Space Allowance may also be used for soft costs (including, but not limited to, permit fees, construction management fees, cabling costs and moving costs) and applicable sales taxes. The 7th Floor Expansion Space Allowance shall be
paid to Tenant or, at Landlord’s option, to the order of the general contractor that performed the 7th Floor Expansion Space Alterations, within 30 days following receipt by Landlord of (1) receipted bills covering all labor and
materials expended and used in the 7th Floor Expansion Space Alterations; (2) a sworn contractor’s affidavit from the general contractor and a request to disburse from Tenant containing an approval by Tenant of the work done;
(3) full and final waivers of lien; (4) as-built plans of the 7th Floor Expansion Space Alterations; and (5) the certification of Tenant and its architect that the 7th Floor Expansion Space Alterations have been installed in
a good and workmanlike manner in accordance with the approved plans, and in accordance with applicable laws, codes and ordinances. The 7th Floor Expansion Space Allowance shall be disbursed in the amount reflected on the receipted bills meeting
the requirements above. Notwithstanding anything herein to the contrary, Landlord shall not be obligated to disburse any portion of the 7th Floor Expansion Space Allowance during the continuance of an uncured default under the Lease, and
Landlord’s obligation to disburse shall only resume when and if such default is cured. 

  

	C.	 In no event shall the 7th Floor Expansion Space Allowance be used for the purchase of equipment, furniture or other items of personal property of Tenant except
as otherwise provided in Section B above. If Tenant does not submit a request for payment of the 

  

 17 

	 	 
entire 7th Floor Expansion Space Allowance to Landlord in accordance with the provisions contained in this Exhibit by December 31, 2008, any unused
amount shall be applied to Rent next becoming due under the Lease until such amount has been fully applied. Tenant shall be responsible for all applicable state sales or use taxes, if any, payable in connection with the 7th Floor Expansion
Space Alterations and/or the 7th Floor Expansion Space Allowance. 

  

	D.	This Exhibit shall not be deemed applicable to any additional space added to the Premises at any time or from time to time, whether by any options under the Lease or otherwise, or
to any portion of the original Premises or any additions to the Premises in the event of a renewal or extension of the original Term of the Lease, whether by any options under the Lease or otherwise, unless expressly so provided in the Lease or any
amendment or supplement to the Lease. 

  
 THE
REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK 
  

 18 

  
 EXHIBIT C-1

  
 OUTLINE AND LOCATION OF 6TH FLOOR POTENTIAL OFFERING
SPACE 
  

 19 

  
 EXHIBIT C-2

  
 OUTLINE AND LOCATION OF 14TH FLOOR POTENTIAL OFFERING
SPACE 
  

 20 

  
 EXHIBIT C-3

  
 OUTLINE AND LOCATION OF 20TH FLOOR POTENTIAL OFFERING
SPACE 
  

 21Terms Document

 Exhibit 4.1 
  

CHASE ISSUANCE TRUST 
 as Issuer

  
 CLASS B(2005-3) TERMS DOCUMENT 
 dated as of September 14, 2005 
  
 to 
  
 AMENDED AND RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
  
 to 
  
 AMENDED AND RESTATED 
 INDENTURE 
  
 dated as of October 15, 2004 
  
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE

	ARTICLE I Definitions and Other Provisions of General Application
			
	Section 1.01	  	Definitions	  	1
	Section 1.02	  	Governing Law	  	4
	Section 1.03	  	Counterparts	  	4
	Section 1.04	  	Ratification of Indenture and Indenture Supplement	  	4
	
	ARTICLE II The Class B(2005-3) Notes
			
	Section 2.01	  	Creation and Designation	  	5
	Section 2.02	  	Specification of Required Subordinated Amount and Other Terms	  	5
	Section 2.03	  	Interest Payment	  	6
	Section 2.04	  	Calculation Agent; Determination of LIBOR	  	6
	Section 2.05	  	Payments of Interest and Principal	  	7
	Section 2.06	  	Form of Delivery of Class B(2005-3) Notes; Depository; Denominations	  	8
	Section 2.07	  	Delivery and Payment for the Class B(2005-3) Notes	  	8
	
	ARTICLE III Restrictions on Transfer of the Class B(2005-3) Notes
			
	Section 3.01	  	Private Placement of the Class B(2005-3) Notes	  	9
	Section 3.02	  	Purchase and Transfer of the Class B(2005-3) Notes	  	9
	
	ARTICLE IV Overriding Provisions
			
	Section 4.01	  	Section 3.12 of the Indenture Supplement	  	11
	Section 4.02	  	Principal Payment Date	  	11
	
	ARTICLE V Miscellaneous Provisions
	Section 5.01	  	Amendments	  	12
	Section 5.02	  	Ratings Effect	  	12
		
	SCHEDULES	  	 
			
	Schedule 1	  	Controlled Amortization Principal Payment Dates	  	 
	Schedule 2	  	Note Purchasers	  	 
		
	EXHIBITS	  	 
			
	Exhibit A	  	Form of Investment Letter	  	 
	Exhibit B	  	Form of Class B Note	  	 

 THIS CLASS B(2005-3) TERMS DOCUMENT (this “Terms Document”), by and between the CHASE ISSUANCE
TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and collateral agent (the “Collateral Agent”), is made and entered into as of September 14, 2005. 
  
 Pursuant to this Terms Document, the Issuer and the Indenture Trustee shall
create a new Tranche of CHASEseries Class B Notes and shall specify the principal terms thereof. 
  
 ARTICLE I 
  
 Definitions and Other Provisions of General Application 
  
 Section 1.01 Definitions. For all purposes of this Terms Document, except as otherwise expressly provided or unless the context otherwise requires: 
  
 (1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as
the singular; 
  
 (2) all other terms used herein which are
defined in the Indenture Supplement, the Indenture or the Asset Pool Supplement, either directly or by reference therein, have the meanings assigned to them therein; 
  
 (3) as used in this Terms Document and in any certificate or other document made or delivered pursuant hereto or thereto,
accounting terms not defined in this Terms Document or in any such certificate or other document, and accounting terms partly defined in this Terms Document 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 Terms Document or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions
contained in this Terms Document or in any such certificate or other document shall control; 
  
 (4) the words “hereof,” “herein,” “hereunder” and words of similar import when used in this Terms Document shall refer to this Terms Document as a whole and not to any particular
provision of this Terms Document; references to any subsection, Section, clause, Schedule or Exhibit are references to subsections, Sections, clauses, Schedules and Exhibits in or to this Terms Document 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; 

 (5) in the event that any term or provision contained herein shall conflict with or be inconsistent with
any term or provision contained in the Indenture Supplement, the Indenture or the Asset Pool Supplement, the terms and provisions of this Terms Document shall be controlling; and 
  
 (6) each capitalized term defined herein shall relate only to the Class B(2005-3) Notes and no other Tranche of CHASEseries
Notes issued by the Issuer. 
  
 “Asset Pool
Supplement” means the Amended and Restated Asset Pool One Supplement to the Indenture, dated as of October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005, by and among the Issuer, the Indenture Trustee and the
Collateral Agent. 
  
 “Bank” means Chase Bank
USA, National Association. 
  
 “Beneficiary”
means Chase Bank USA, National Association, in its capacity as beneficial owner of the Issuer. 
  
 “Calculation Agent” is defined in Section 2.04(a). 
  
 “Class B(2005-3) Adverse Event” means the occurrence of any of the following: (a) an Early Amortization Event with respect to the Class
B(2005-3) Notes, (b) an Event of Default and acceleration of the Class B(2005-3) Notes, (c) the Class A Usage of the Class C Required Subordinated Amount for the Class B(2005-3) Notes becomes greater than zero. 
  
 “Class B(2005-3) Note” means any Note, substantially in the
form set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class B(2005-3) Note and duly executed and authenticated in accordance with the Indenture. 
  
 “Class B(2005-3) Noteholder” means a Person in whose name a Class B(2005-3) Note is registered in the Note
Register. 
  
 “Class B(2005-3) Termination Date”
means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class B(2005-3) Notes is paid in full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and
satisfied pursuant to Article V thereof. 
  
 “Class B
Required Subordinated Amount of Class C Notes” is defined in Section 2.02(b). 
  
 “Controlled Accumulation Amount” means $62,500,000. 
  
 “Controlled Amortization Principal Payment Date” means each of the dates listed on Schedule 1 attached hereto. 
  
 “Eligible Purchaser” means a corporation, partnership or
other entity which can make the representations set forth in Section 3.02 hereof and the Investment Letter attached as Exhibit A hereto and that is a QIB and an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7)
under the Securities Act. 
  

 2 

 “Indenture” means the Amended and Restated Indenture, dated as of October 15, 2004,
between the Issuer and the Indenture Trustee. 
  
 “Indenture Supplement” means the Amended and Restated CHASEseries Indenture Supplement, dated as of October 15, 2004, among the Issuer, the Indenture Trustee and the Collateral Agent. 
  
 “Initial Dollar Principal Amount” means $750,000,000.

  
 “Interest Payment Date” means October 17,
2005 and the 15th day of each month thereafter, or if such 15th day is not a Business Day, the next succeeding Business Day. 
  
 “Interest Period” means, with respect to any Interest Payment Date, the period from and including the previous Interest Payment Date (or
in the case of the initial Interest Payment Date, from and including the Issuance Date) to but excluding such Interest Payment Date. 
  
 “Issuance Date” means September 14, 2005. 
  
 “Legal Maturity Date” means May 15, 2015. 
  
 “LIBOR” means, for any Interest Period, the London interbank offered rate for one-month United States dollar deposits determined by the
Trustee on the LIBOR Determination Date for each Interest Period in accordance with the provisions of Section 2.04. 
  
 “LIBOR Determination Date” means (1) September 12, 2005 for the period from and including the Issuance Date through but excluding October
17, 2005 and (2) for each interest period thereafter, the second London Business Day prior to the commencement of the second and each subsequent Interest Period. 
  
 “London Business Day” means any Business Day on which dealings in deposits in United States Dollars are
transacted in the London interbank market. 
  
 “Note
Interest Rate” means a rate per annum equal to 0.200% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period. 
  
 “Note Purchase Agreement” means the Note Purchase Agreement,
dated as of September 14, 2005, among the Bank, the Issuer, Victory Receivables Corporation and Gotham Funding Corporation. 
  
 “Paying Agent” means Wells Fargo Bank, National Association. 
  

 3 

 “Predecessor Note” means, with respect to any particular Note, every previous Note
evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 3.06 of the Indenture in lieu of a mutilated, lost, destroyed or
stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
  
 “Principal Payment Date” has the meaning set forth in Section 4.02. 
  
 “QIB” means a “qualified institutional buyer,” as defined in Rule 144A under the Securities Act.

  
 “Record Date” means, for any Note Transfer
Date, the last Business Day of the preceding Monthly Period. 
  
 “Reference Banks” means four major banks in the London interbank market selected by the Beneficiary. 
  
 “Scheduled Principal Payment Date” means the final Controlled Amortization Principal Payment Date. 
  
 “Stated Principal Amount” means $750,000,000. 
  
 “Telerate Page 3750” means the display page currently so
designated on the Bridge Telerate Market Report (or such other page as may replace that page on that service for the purpose of displaying comparable rates or prices). 
  
 Section 1.02 Governing Law. THIS TERMS DOCUMENT 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 1.03 Counterparts. This Terms Document may be executed in any
number of counterparts, each of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 
  
 Section 1.04 Ratification of Indenture and Indenture Supplement. As supplemented by this Terms Document, each of the
Indenture, the Asset Pool Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool Supplement and the Indenture Supplement as so supplemented by this Terms Document
shall be read, taken and construed as one and the same instrument. 
  
 [END OF ARTICLE I] 
  

 4 

 ARTICLE II 
  
 The Class B(2005-3) Notes 
  
 Section 2.01 Creation and Designation. There is hereby created a Tranche of CHASEseries Class B Notes to be issued pursuant to the Indenture and
the Indenture Supplement to be known as the “CHASEseries Class B(2005-3) Notes.” 
  
 Section 2.02 Specification of Required Subordinated Amount and Other Terms. 
  
 For the Class B(2005-3) Notes, for any date of determination, the Class B Required Subordinated Amount of Class C Notes will be an amount equal to:

  
 (a) for any date of determination prior to the occurrence of
a Class B(2005-3) Adverse Event, the product of 
  
 (1) the sum of 
  
 (i) a fraction (x)
the numerator of which is equal to the sum of the Class A Required Subordinated Amount of Class C Notes on such date of determination for all outstanding Tranches of CHASEseries Class A Notes for which the Class A Required Subordinated Amount of
Class B Notes on such date of determination is greater than zero and (y) the denominator of which is equal to the Adjusted Outstanding Dollar Principal Amount on such date of determination of all outstanding CHASEseries Class B Notes (including the
Class B(2005-3) Notes), and 
  
 (ii) the product
of (x) 7.23861% and (y) a fraction (A) the numerator of which is equal to (1) the Adjusted Outstanding Dollar Principal Amount on such date of determination of all outstanding CHASEseries Class B Notes (including the Class B(2005-3) Notes) minus (2)
the Class A Required Subordinated Amount of Class B Notes on such date of determination for all outstanding Tranches of CHASEseries Class A Notes for which the Class A Required Subordinated Amount of Class B Notes is greater than zero;
provided, however, that such numerator shall not be less than zero and (B) the denominator of which is equal to the Adjusted Outstanding Dollar Principal Amount on such date of determination of all outstanding CHASEseries Class B Notes
(including the Class B(2005-3) Notes), and 
  
 (2) the Adjusted Outstanding Dollar Principal Amount on such date of determination of the Class B(2005-3) Notes; and 
  
 (b) for any date of determination on and after the date on which a Class B(2005-3) Adverse Event shall have occurred, the greater of (1) the amount

  

 5 

 determined in subsection 2.02(a) for such date of determination and (2) the amount determined in subsection 2.02(a) for
the date immediately prior to the date on which such Class B(2005-3) Adverse Event shall have occurred. 
  
 (c) The Issuer may change the percentage set forth in subsection 2.02(a)(1)(ii)(x), above, or the formula set forth in clause (a), above, without the
consent of any Noteholder so long as the Issuer has (i) received written confirmation from at least one Note Rating Agency that has rated another tranche of Outstanding Class B Notes of the CHASEseries, that a similar change in such percentage or
formula will not result in a Ratings Effect with respect to that tranche of Class B Notes (or, if the Class B(2005-3) Notes have been rated, written confirmation from each Note Rating Agency that has rated the Class B(2005-3) Notes that the change
in such percentage or formula will not result in a Ratings Effect with respect to any Outstanding Class B(2005-3) Notes) and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuer Tax Opinion.

  
 Section 2.03 Interest Payment. 
  
 (a) For each Interest Payment Date, the amount of interest due with respect
to the Class B(2005-3) Notes shall be an amount equal to the product of (i)(A) a fraction, the numerator of which is the actual number of days in the related Interest Period and the denominator of which is 360, times (B) the Note Interest
Rate in effect with respect to the related Interest Period, times, (ii) the Outstanding Dollar Principal Amount of the Class B(2005-3) Notes determined as of the close of business on the Interest Payment Date preceding the related Note
Transfer Date for the Class B(2005-3) Notes; provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class B(2005-3) Notes shall be an amount equal to the product of (x) the
Outstanding Dollar Principal Amount of the Class B(2005-3) Notes on the Issuance Date, (y) 33 divided by 360 and (z) the Note Interest Rate in effect with respect to the Class B(2005-3) Notes determined on September 12, 2005. Interest on the Class
B(2005-3) Notes will be calculated on the basis of the actual number of days elapsed and a 360-day year. 
  
 (b) Pursuant to Section 3.03 of the Indenture Supplement, on each Note Transfer Date with respect to the Class B(2005-3) Notes, the Indenture Trustee
shall deposit into the Class B(2005-3) Interest Funding Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class B(2005-3) Notes. 
  
 Section 2.04 Calculation Agent; Determination of LIBOR. 
  
 (a) The Issuer hereby agrees that for so long as any Class B(2005-3) Notes
are Outstanding, there shall at all times be an agent appointed to calculate LIBOR for each Interest Period (the “Calculation Agent”). The Issuer hereby initially appoints the Indenture Trustee as the Calculation Agent for purposes of
determining LIBOR for each Interest Period. The Calculation Agent may be removed by the Issuer at any time. If the Calculation Agent is unable or unwilling to act as such or is 
  

 6 

 removed by the Issuer, or if the Calculation Agent fails to determine LIBOR for an Interest Period, the Issuer shall
promptly appoint a replacement Calculation Agent that does not control or is not controlled by or under common control with the Issuer or its Affiliates. The Calculation Agent may not resign its duties, and the Issuer may not remove the Calculation
Agent, without a successor having been duly appointed. 
  
 (b) On
each LIBOR Determination Date, the Calculation Agent shall determine LIBOR on the basis of the rate for deposits in United States dollars for a one-month period which appears on Telerate Page 3750 or on such comparable system as is customarily used
to quote LIBOR as of 11:00 a.m., London time, on such date. If such rate does not appear on Telerate Page 3750 or on a comparable system as is customarily used to quote LIBOR the rate for that LIBOR Determination Date shall be determined on the
basis of the rates at which deposits in United States dollars are offered by the Reference Banks at approximately 11:00 a.m., London time, on that day to prime banks in the London interbank market for a one-month period. The Calculation Agent shall
request the principal London office of each of the Reference Banks to provide a quotation of its rate. If at least two such quotations are provided, the rate for that LIBOR Determination Date shall be the arithmetic mean of the quotations. If fewer
than two quotations are provided as requested, the rate for that LIBOR Determination Date will be the arithmetic mean of the rates quoted by major banks in New York City, selected by the Beneficiary, at approximately 11:00 a.m., New York City time,
on that day for loans in United States dollars to leading European banks for a one-month period. 
  
 (c) The Note Interest Rate applicable to the then current and the immediately preceding Interest Periods may be obtained by telephoning the Indenture
Trustee at its corporate trust office at (612) 667-8058 or such other telephone number as shall be designated by the Indenture Trustee for such purpose by prior written notice by the Indenture Trustee to each Noteholder from time to time.

  
 (d) On each LIBOR Determination Date, the Calculation Agent
shall send to the Indenture Trustee and the Beneficiary, by facsimile transmission, notification of LIBOR for the following Interest Period. 
  
 Section 2.05 Payments of Interest and Principal. 
  
 (a) Any installment of interest or principal payable on any Class B(2005-3) Note which is punctually paid or duly provided for by the Issuer and the
Indenture Trustee on the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class B(2005-3) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire
transfer of immediately available funds to such Person’s account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of
payment or, if no such account has been so designated, by check mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date. 
  

 7 

 (b) The right of the Class B(2005-3) Noteholders to receive payments from the Issuer will terminate on
the first Business Day following the Class B(2005-3) Termination Date. 
  
 Section 2.06 Form of Delivery of Class B(2005-3) Notes; Depository; Denominations. 
  
 (a) The Class B(2005-3) Notes shall be issued in definitive, fully registered, certificated form and registered in the name of the beneficial owner
thereof as listed in the Note Register. The Class B(2005-3) Notes shall be word processed, printed, lithographed or engraved or produced by any combination of these methods, all as determined by the Authorized Officer executing such Class B(2005-3)
Notes, as evidenced by its execution of such Class B(2005-3) Notes. 
  
 (b) The Class B(2005-3) Notes shall initially be registered in the names set forth on Schedule 2. 
  
 (c) The Class B(2005-3) Notes will be issued in minimum denominations of $250,000 and integral multiples of $1,000 in excess thereof. 
  
 Section 2.07 Delivery and Payment for the Class B(2005-3) Notes. The
Issuer shall execute and deliver the Class B(2005-3) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class B(2005-3) Notes when authenticated, each in accordance with Section 3.03 of the Indenture.

  
 [END OF ARTICLE II] 
  

 8 

 ARTICLE III 
  
 Restrictions on Transfer of the Class B(2005-3) Notes 
  
 Section 3.01 Private Placement of the Class B(2005-3) Notes. The Class B(2005-3) Notes have not been registered under the Securities Act, or any
state securities law. No transfer of any Class B(2005-3) Note shall be made except (A) to an Eligible Purchaser and (B) (x) in accordance with the terms of the Note Purchase Agreement and (y) either (i) pursuant to an effective registration under
the Securities Act and applicable state securities or “blue sky” laws or (ii) in a transaction exempt from the registration requirements of the Securities Act and applicable state securities or “blue sky” laws. The Class
B(2005-3) Notes shall bear legends to the effect set forth in subsection (b) below. None of the Issuer, the Transfer Agent and Note Registrar, the Owner Trustee or the Indenture Trustee is obligated to register the Class B(2005-3) Notes under the
Securities Act or any other securities or “blue sky” law or to take any other action not otherwise required under this Terms Document, the Indenture, the Indenture Supplement, the Asset Pool Supplement or the Transfer and Servicing
Agreement to permit the transfer of Class B(2005-3) Notes without registration or as described above. 
  
 (a) Each Class B(2005-3) Note shall bear a restrictive legend to the following effect: 
  
 THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS NOTE, OR ANY INTEREST OR PARTICIPATION HEREIN, MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES
ACT AND OTHER APPLICABLE PROVISIONS OF ANY STATE BLUE SKY OR SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH PROVISIONS. 
  
 (b) In the event that registration of a transfer is to be made in reliance upon an exemption from the registration requirements under the Securities Act,
the transferor or the transferee will deliver, at its expense, to the Issuer and the Indenture Trustee, an investment letter from the transferee, substantially in the form of the investment letter attached hereto as Exhibit A (an “Investment
Letter”) or such other form as the Issuer may determine, and no registration of transfer will be made until such letter is so delivered. 
  
 Section 3.02 Purchase and Transfer of the Class B(2005-3) Notes. Each Eligible Purchaser who becomes a Holder of a Class B(2005-3) Note will be
required to provide to the Bank, the Issuer and the Indenture Trustee an Investment Letter in which it shall represent and agree as follows: 
  
 (a) It understands that the offering and sale of the Class B(2005-3) Notes has not been and will not be registered under the Securities Act of 1933, as
amended (the “Securities Act”) and has not and will not be registered or qualified under any applicable “blue sky” law, and that the offering and sale of the Class B(2005-3) Notes has not been reviewed by, passed on or submitted
to any federal or state agency or commission, securities exchange or other regulatory body. 
  

 9 

 (b) It understands that the Class B(2005-3) Notes are being sold to it in a transaction that is exempt
from the registration requirements of the Securities Act. 
  
 (c)
It is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and a QIB. 
  
 (d) Any information it desires concerning the Class B(2005-3) Notes or any other matter relevant to its decision to purchase the Class B(2005-3) Notes is
or has been made available to it. 
  
 (e) It has such knowledge
and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Class B(2005-3) Notes, and it (and any account for which it is purchasing under paragraph (f) below) is able to bear the
economic risk of an investment in the Class B(2005-3) Notes. 
  
 (f) It is acquiring the Class B(2005-3) Notes for its own account or for accounts as to which it exercises sole investment discretion and not with a view to any distribution of the Class B(2005-3) Notes, subject, nevertheless, to the
understanding that the disposition of its property shall at all times be and remain within its control. 
  
 (g) It agrees that the Class B(2005-3) Notes must be held indefinitely by it unless subsequently registered under the Securities Act or an exemption from
any registration requirements of the Securities Act and any applicable state securities law is available. It acknowledges that no representation is made as to the availability of any exemption under the Securities Act or any state securities laws
for resale of the Class B(2005-3) Notes. 
  
 (h) It agrees that
in the event that at some future time it wishes to dispose of or exchange any of the Class B(2005-3) Notes (such disposition or exchange not being currently foreseen or contemplated), it will not transfer or exchange any of the Class B(2005-3) Notes
unless: 
  
 (i) it has obtained the prior written consent of the
Bank (which consent shall not be unreasonably withheld) to any proposed transfer to a purchaser that is an Eligible Purchaser; provided, that such consent shall not be required in connection with the transfer of the Class B(2005-3) Notes (x)
by either Victory Receivables Corporation or Gotham Funding Corporation to The Bank of Tokyo-Mitsubishi, Ltd. or (y) between Victory Receivables Corporation and Gotham Funding Corporation; 
  

 10 

 (ii) a letter substantially in the form of the Investment Letter attached hereto as Exhibit A is executed
promptly by the purchaser; and 
  
 (iii) all offers or
solicitations in connection with the sale, whether directly or through any agent acting on its behalf, are limited only to an Eligible Purchaser and are not made by means of any form of general solicitation or general advertising whatsoever; and

  
 (iv) the Class B(2005-3) Notes are transferred pursuant to an
exemption from the registration requirements of the Securities Act. 
  
 (i) It acknowledges that its intent, and it understands it is the intent of the Issuer, that, for purposes of U.S. federal income, state and local income and franchise tax and any other income taxes, the Class B(2005-3) Notes will be
treated as indebtedness of Chase Bank USA, National Association; it agrees to such treatment and agrees to take no action inconsistent with such treatment. 
  
 [END OF ARTICLE III] 
  
 ARTICLE IV 
  
 Overriding Provisions 
  
 Section 4.01 Section 3.12 of
the Indenture Supplement. 
  
 (a) With respect to the Class
B(2005-3) Notes only, so long as the Class B(2005-3) Notes shall not have been accelerated following an Event of Default or the occurrence of an Early Amortization Event, Section 3.12(a) of the Indenture Supplement shall be deemed not to apply on
any Note Transfer Date immediately preceding a Controlled Amortization Principal Payment Date except for the Note Transfer Date immediately preceding the Scheduled Principal Payment Date. 
  
 (b) Notwithstanding anything to the contrary set forth in subsection 3.12(b)(ii) of the Indenture Supplement, the
Accumulation Period Length for the Class B(2005-3) Notes may not be shortened to a period less than twelve months and the Accumulation Commencement Date shall be March 1, 2012. 
  
 Section 4.02 Principal Payment Date. In connection with the Class B(2005-3) Notes only, notwithstanding the
definition of “Principal Payment Date” set forth in the Indenture, “Principal Payment Date” shall have the following meaning: 
  
 ““Principal Payment Date” means, with respect to the Class B(2005-3) Notes, each Controlled Amortization Principal Payment Date, or
upon the acceleration of the Class B(2005-3) Notes following an Event of Default or upon the occurrence of an Early Amortization Event, or other optional or mandatory redemption of the Class B(2005-3) Notes, each Monthly Principal Accrual Date.
” 
  

 11 

 ARTICLE V 
  
 Miscellaneous Provisions 
  
 Section 5.01 Amendments. Notwithstanding anything to the contrary contained herein, each Class B(2005-3) Note and this Terms Document may be
amended or supplemented to modify the restrictions on and procedures for resale and other transfers of the Class B(2005-3) Notes to reflect any change in applicable law or regulation (or the interpretation thereof) or in practices relating to the
resale or transfer of restricted securities generally. Each Noteholder shall by its acceptance of such Class B(2005-3) Note, have agreed to any such amendment or supplement. 
  
 Section 5.02 Ratings Effect. Any action by the Issuer under the Indenture, the Indenture Supplement, the Asset Pool
One Supplement, the Transfer and Servicing Agreement or this Terms Document which requires the prior written confirmation from any Rating Agency that such action will not result in a Ratings Effect or fail to satisfy the Note Rating Agency Condition
shall not be effective with respect to the Class B(2005-3) Notes unless at least one Note Rating Agency has confirmed in writing that such action will not result in a Ratings Effect with respect to another Outstanding tranche of Class B Notes of the
CHASEseries (or, if the Class B(2005-3) Notes have been rated, unless each Note Rating Agency that has rated the Class B(2005-3) Notes has confirmed in writing that such action will not result in a Ratings Effect with respect to any Outstanding
Class B(2005-3) Notes). 
  
 [END OF ARTICLE IV] 
  

 12 

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

			
	CHASE ISSUANCE TRUST
		
	By:	 	CHASE BANK USA, NATIONAL ASSOCIATION,
	 	 	as Beneficiary and not in its individual capacity
		
	By:	 	 /s/ Keith Schuck

	Name:	 	Keith Schuck
	Title:	 	President
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee and Collateral Agent
		
	By:	 	 /s/ Cheryl Zimmerman

	Name:	 	Cheryl Zimmerman
	Title:	 	Assistant Vice President

  
 Signature Page to

 B(2005-3) Terms Document 

 SCHEDULE 1 
  
 CONTROLLED AMORTIZATION PRINCIPAL PAYMENT DATES 
  
 April 16, 2012 
 May 15, 2012 
 June 15, 2012 
 July 16, 2012 
 August 15, 2012 
 September 17, 2012 
 October 15, 2012 
 November 15, 2012 
 December 17, 2012 
 January 15, 2013 
 February 15, 2013 
 March 15, 2013 (the “Scheduled Principal Payment
Date”) 

 SCHEDULE 2 
  
 NOTE PURCHASERS 
  

				
	 Name of Note Purchaser

	  	Initial Principal Amount of Note

	 Victory Receivables Corporation
	  	$	450,000,000
	 Gotham Funding Corporation
	  	$	300,000,000

 EXHIBIT A 
  
 FORM OF INVESTMENT LETTER 
  
 [Date] 
  
 Wells Fargo Bank, 
     National Association, 
 as Indenture Trustee, 
 Sixth & Marquette 
 MAC N9311-161 
 Minneapolis, Minnesota 55479 
 Attention: Corporate Trust Services Asset Backed Administration 
 (the “Indenture Trustee”) 
  
 Chase Issuance Trust 
 c/o Chase Bank USA, National Association, as Beneficiary 
 201 North Walnut Street 
 Wilmington, Delaware 19801 
 (the “Trust”) 
 Attention: Patricia Garvey 
 Fax: (302) 282-6605 
  

	 	Re:	Purchase of $                     principal amount of Chase Issuance
Trust, Class B(2005-3) Notes (the “Class B(2005-3) Notes”) 

  
 Ladies and Gentlemen: 
  
 The undersigned (the
“Purchaser”), in connection with the purchase of the Class B(2005-3) Notes, represents to and agrees with Chase Bank USA, National Association (the “Bank”) as follows: 
  

	1.	The Purchaser understands that the offering and sale of the Class B(2005-3) Notes has not been and will not be registered under the Securities Act of 1933, as amended (the
“Securities Act”) and has not and will not be registered or qualified under any applicable “blue sky” law, and that the offering and sale of the Class B(2005-3) Notes has not been reviewed by, passed on or submitted to any
federal or state agency or commission, securities exchange or other regulatory body. 

  

	2.	The Purchaser understands that the Class B(2005-3) Notes are being sold to it in a transaction that is exempt from the registration requirements of the Securities Act.

  

	3.	The Purchaser is an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act and a “qualified institutional buyer” as
defined in Rule 144A under the Securities Act ( a “QIB”). 

  

 A-1 

	4.	Any information the Purchaser desires concerning the Class B(2005-3) Notes or any other matter relevant to its decision to purchase the Class B(2005-3) Notes is or has been made
available to it. 

  

	5.	The Purchaser has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of an investment in the Class B(2005-3) Notes,
and it (and any account for which it is purchasing under paragraph (6) below) is able to bear the economic risk of an investment in the Class B(2005-3) Notes. 

  

	6.	The Purchaser is acquiring the Class B(2005-3) Notes for its own account or for accounts as to which it exercises sole investment discretion and not with a view to any distribution
of the Class B(2005-3) Notes, subject, nevertheless, to the understanding that the disposition of its property shall at all times be and remain within its control. 

  

	7.	The Purchaser agrees that the Class B(2005-3) Notes must be held indefinitely by it unless subsequently registered under the Securities Act or an exemption from any registration
requirements of the Securities Act and any applicable state securities law is available. The Purchaser acknowledges that no representation is made as to the availability of any exemption under the Securities Act or any state securities laws for
resale of the Class B(2005-3) Notes. 

  

	8.	The Purchaser agrees that in the event that at some future time it wishes to dispose of or exchange any of the Class B(2005-3) Notes (such disposition or exchange not being
currently foreseen or contemplated), it will not transfer or exchange any of the Class B(2005-3) Notes and no such transfer or exchange shall be effective unless: 

  
 (a) the Purchaser has obtained the prior written consent of the Bank to any proposed transfer; provided, that such
consent shall not be required in connection with the transfer of the Class B(2005-3) Notes (x) by either Victory Receivables Corporation or Gotham Funding Corporation to The Bank of Tokyo-Mitsubishi, Ltd. or (y) between Victory Receivables
Corporation and Gotham Funding Corporation; 
  
 (b) a letter
substantially in the form of the Investment Letter attached hereto as Exhibit A is executed promptly by the purchaser and delivered to the Bank; 
  
 (c) all offers or solicitations in connection with the sale, whether directly or through any agent acting on it’s behalf, are limited only to an
Eligible Purchaser and are not made by means of any form of general solicitation or general advertising whatsoever; and 
  
 (d) the Class B(2005-3) Notes are transferred pursuant to an exemption from the registration requirements of the Securities Act. 
  

 A-2 

	9.	The Purchaser understands that the Issuer may demand that any holder of a Class B(2005-3) Note who is determined not to be a QIB at the time of acquisition of such Class B(2005-3)
Notes sell the Class B(2005-3) Notes to a Person who is a QIB and, if the holder does not comply with such demand within 30 days thereof, the Issuer may sell such holder’s interest in the Class B(2005-3) Note. 

  

	10.	This Investment Letter has been duly executed and delivered and constitutes the legal, valid and binding obligation of the Purchaser, enforceable against it in accordance with its
terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws or equitable principles affecting the enforcement of creditors’ rights generally and general principles of equity.

  

	11.	The Purchaser acknowledges its intent, and it understands it is the intent of the Issuer, that, for purposes of U.S. federal income, state and local income and franchise tax and any
other income taxes, the Class B(2005-3) Notes will be treated as indebtedness of the Bank; it agrees to such treatment and agrees to take no action inconsistent with such treatment. 

  

	12.	The Purchaser agrees (for the benefit of the Trust, the Indenture Trustee and the Bank) to comply with all applicable U.S. laws and regulations with regard to withholding tax
exemptions and to provide a duly completed copy of a U.S. Internal Revenue Service Form W-9 (or any successor form and agrees to furnish a new Form W-9, or any successor applicable form, upon the expiration or obsolescence of any previously
delivered form) and such other forms and information as reasonably may be requested by the Bank or the Indenture Trustee to confirm the availability of any applicable exemption from U.S. federal withholding taxes. 

  

	13.	The Purchaser understands that the Class B(2005-3) Notes will bear a legend to substantially the following effect: 

  
 THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS NOTE, OR ANY INTEREST OR PARTICIPATION HEREIN, MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED
ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE PROVISIONS OF ANY STATE BLUE SKY OR SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH PROVISIONS. 
  
 This legend may be removed if the Issuer, the Indenture Trustee and the Note Registrar have received an opinion of counsel,
in form and substance satisfactory to them, to the effect that the legend may be removed. 
  

 A-3 

	14.	The Purchaser understands that the Bank, the Issuer and the Indenture Trustee and their counsel will rely upon the accuracy and truth of the foregoing representations, and hereby
consents to such reliance. 

  
 “Eligible
Purchaser” means a corporation, partnership or other entity which can make the representations set forth herein and that is a QIB and an “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities
Act. 
  

			
	Very truly yours,
	
	  

	(Name of Purchaser)
		
	By:	 	  

	 	 	(Authorized officer)

  

 A-4 

 EXHIBIT B 
  
 FORM OF CLASS B NOTE 
  
 THIS NOTE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW. THE HOLDER
HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS NOTE, OR ANY INTEREST OR PARTICIPATION HEREIN, MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE PROVISIONS OF ANY STATE BLUE
SKY OR SECURITIES LAWS OR PURSUANT TO AN AVAILABLE EXEMPTION FROM SUCH PROVISIONS. 
  
 THIS NOTE IS SUBJECT TO ADDITIONAL RESTRICTIONS ON RESALE OR TRANSFER SET FORTH IN THE CLASS B(2005-3) TERMS DOCUMENT (AS HEREINAFTER DEFINED). THIS NOTE MAY NOT BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT THE PRIOR
WRITTEN CONSENT OF CHASE BANK USA, NATIONAL ASSOCIATION AND UNLESS AND UNTIL THE INDENTURE TRUSTEE AND CHASE ISSUANCE TRUST SHALL HAVE RECEIVED AN EXECUTED INVESTMENT LETTER. 
  
 PRIOR TO PURCHASING ANY NOTES, PURCHASERS SHOULD CONSULT COUNSEL WITH RESPECT TO THE AVAILABILITY AND CONDITIONS OF EXEMPTION FROM THE
RESTRICTIONS ON RESALE OR TRANSFER. THE TRANSFEROR HAS NOT AGREED TO REGISTER THE NOTES UNDER THE SECURITIES ACT, TO QUALIFY THE NOTES UNDER THE SECURITIES LAWS OF ANY STATE OR TO PROVIDE REGISTRATION RIGHTS TO ANY PURCHASER. 
  
 AS SET FORTH HEREIN, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE AT ANY TIME MAY BE LESS
THAN THE AMOUNT SHOWN ON THE FACE HEREOF. 
  
 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 BANK USA, NATIONAL ASSOCIATION, THE FIRST USA CREDIT CARD MASTER TRUST OR THE CHASE CREDIT CARD MASTER TRUST, OR JOIN IN ANY
INSTITUTION AGAINST THE CHASE ISSUANCE TRUST, CHASE BANK USA, NATIONAL ASSOCIATION, THE FIRST USA CREDIT CARD MASTER TRUST OR THE CHASE CREDIT CARD MASTER TRUST, 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. 
  

 B-1 

 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. 
  

 B-2 

			
	REGISTERED	  	up to $                     

  
 No.     

  
 CHASE ISSUANCE TRUST 
  
 Floating Rate 
  
 CHASEseries CLASS B(2005-3) NOTE 
  
 Chase Issuance Trust, a statutory business trust created under the laws of the State of Delaware (herein referred to as the “Issuer”), for value
received, hereby promises to pay to [                    ], or registered assigns, subject to the following provisions, a principal sum of
[                        ] payable on the May 2015 Payment Date (the “Legal Maturity Date”). Interest will accrue on
this Note at the rate of LIBOR plus 0.200% per annum, as more specifically set forth in the Class B(2005-3) Terms Document, dated as of September 14, 2005 (the “Class B Terms Document”), between the Issuer, 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. 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 Issuer 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. 
  

 B-3 

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

			
	CHASE ISSUANCE TRUST, as Issuer
		
	By:	 	CHASE BANK USA, NATIONAL ASSOCIATION, not in its individual capacity but solely as Beneficiary under the Trust Agreement

  

			
	By:	 	  

	Name:	 	 
	Title:	 	 

  
 Date: September
14, 2005 
  
 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: September
14, 2005 
  

 B-4 

 [REVERSE OF NOTE] 
  

This Class B Note is one of the Notes of a duly authorized issue of Notes of the Issuer, designated as its “CHASEseries Class B Notes”
(herein called the “Notes”), all issued under an Amended and Restated Indenture dated as of October 15, 2004 (such indenture, as supplemented or amended, is herein called the “Indenture”) between the Issuer 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 an Amended and Restated Asset Pool One Supplement dated as of October 15,
2004, an Amended and Restated CHASEseries Indenture Supplement dated as of October 15, 2004 (the “Indenture Supplement”) and the Class B Terms Document, each between the Issuer 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 Issuer, 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. 
  
 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. 
  

 B-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 Issuer 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 Issuer 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 Issuer 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. 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 Issuer, 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 Issuer in Schedule A hereto. 
  

 B-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 Issuer 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 Issuer, 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 Issuer 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 Issuer, 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, the First USA Credit Card Master Trust, the Chase Credit Card Master Trust or the Issuer, or join with any
institution against Chase Bank USA, National Association, the First USA Credit Card Master Trust, the Chase Credit Card Master Trust or the Issuer, 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 Agreement or any
Derivative Agreement. 
  

 B-7 

 Prior to the due presentment for registration of transfer of this Note, the Issuer, the Indenture Trustee
and any agent of the Issuer 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 Issuer, 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 Issuer
and the rights of the Holders of the Notes under the Indenture at any time by the Issuer 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 Issuer 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. 
  
 The term “Issuer” as used in this
Note includes any successor to the Issuer under the Indenture. 
  
 The Issuer 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 Issuer, 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. 
  
 No recourse may be
taken, directly or indirectly, with respect to the obligations of the Issuer on the Notes or under the Indenture or any certificate or other 
  

 B-8 

 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 Issuer 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 Issuer 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
Issuer 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 Issuer 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.

  

 B-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. 

  
  

 B-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]	  	 	  	 	  	 	  	 

  

 B-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]	  	 	  	 	  	 

  

 B-12

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