Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Golden Century Technologies Corporation - Exhibit 10.2

Exhibits 10.2 

DISTRIBUTION AGREEMENT 

THIS AGREEMENTis made effective the 16th day January, 2007,
between Golden Century Technologies Corporation, a corporation
incorporated under the laws of Delaware with offices located at 1027 Pandora
Avenue, Victoria, British Columbia, V8V 3P6 (the “Company”), and T-Ray Science,
Inc. (the “Distributor”) a corporation incorporated under the laws of
Delaware with offices at 702-777 Honrby Street, Vancouver, BC V6S 1Z2. 

WHEREAS: 

A.      The Company has sole exclusive
and assignable rights of the products listed and described in Schedule “A” of
this Agreement (collectively, “the Products”) in the Middle East; 

B.      The Distributor, wishes to
enter into an Agreement with the Company whereby the Distributor will promote,
sell and distribute the Products on non-exclusive basis throughout the
geographic territory, as set forth and described in the Schedule “B”; and 

C.      The Distributor wishes to act,
and the Company wishes the Distributor to act on behalf of the Company, to
promote, sell and distribute the Products on the terms and subject to the
conditions set forth in this Agreement; 

         
THEREFORE, in consideration of the premises and the covenants and agreements
contained in this Agreement, and for other good and valuable consideration the
receipt and sufficiency of which is hereby acknowledged, the parties hereto
covenant and agree as follows: 

1.               
APPOINTMENT OF DISTRIBUTOR 

          The
Company hereby appoints the Distributor and the Distributor hereby accepts such
appointment, as a non-exclusive distributor for the Company during the
term of this Agreement, to promote, sell and distribute the Products within the
Territory. 

2.               
TERM OF AGREEMENT 

          The term
  of this Agreement will commence on the effective date hereof and will continue
  for a term of one (1) year (the “Initial Term”), unless terminated
  earlier as provided for herein. Upon expiry of the Initial Term and provided
  that the Distributor is not then in default under this Agreement, the Company
  may offer the Distributor a one-year renewal (a “Renewal Term”) of
  this Agreement, based on the terms and conditions applicable as of the final
  day of the Initial Term. If the Distributor accepts such renewal, then the Agreement
  will continue during the Renewal Term. Upon expiry of the Renewal Term, the
  Company may again offer a one-year Renewal Term on terms and conditions applicable
  as of the final day of the previous Renewal Term, provided that the Distributor
  is not then in default under this Agreement, and so on from time to time. Prior
  to the commencement of any Renewal Term, the parties may mutually agree on any
  amendments to the terms of this Agreement. If the Company determines to offer
  a Renewal Term to the Distributor, the Company will notify the Distributor in
  writing in accordance with the notice provisions hereinafter described. If the
  Distributor determines to accept the offer of any Renewal Term, the Distributor
  will notify the Company of its acceptance in writing in accordance with the
  notice provisions hereinafter described.

3.               
PERFORMANCE 

          The
Distributor’s target for the first year of this Agreement is to sell a minimum
of 1000 boxes Products in the Territory. 

          The
Distributor will pay the Company the prices as set out and attached hereto as
Schedule “C” (the “Prices”) for the Products for distribution and sale within
the Territory during the Initial Term and any Renewal Term. 

4.               
COVENANTS of the distributor 

(a)              INSURANCE

          The
Distributor will insure, at all times to their full insurable value, the
Products in the possession or control of the Distributor, and without limiting
the generality of the foregoing, will include insurance against all risks from
loss, theft or destruction. Upon request by the Company, the Distributor will
produce the latest insurance policies and receipts to the Company. 

(b)             PROMOTION

          The
Distributor will use its best efforts to actively and effectively promote and
sell the Products in the Territory during the Initial Term and any Renewal Term
and, without limiting the generality of the foregoing, the Distributor will:

	 	(i) 	
      maintain reasonable sales and warehouse
  facilities;

	 	 	 
	 	(ii) 	
      maintain reasonable control over the Products at all
      material times;

	 	 	 
	 	(iii) 	
      use its best efforts to ensure prompt service and
      delivery of the Products to the customers of the Distributor within the
      Territory;

	 	 	 
	 	(iv) 	
      use its best efforts to advertise and promote the sale of
      the Products in the Territory and to make regular and sufficient contact
      with the present and potential customers of the Distributor;

	 	 	 
	 	(v) 	
      display at its place of business, any promotional and
      advertising material of the Products provided by the Company;

	 	 	 
	 	(vi) 	
      supply the Company with information relative to the sales
      of the Products as may be reasonably requested by the Company;
  and

	 	 	 
	 	(vii) 	
      consult with the Company from time to time in connection
      with any sales and marketing strategies of the
Products.

(c)            
DELIVERY 

          The
Distributor will be solely responsible and will bear the risk of loss or damage
to the Products during delivery of the Products from the Company to the
Distributor. 

(d)            
COSTS 

          The
Distributor will be solely responsible for and will pay all costs of shipping,
transportation, insurance, postage, customs and excise, import and export
duties, commodity, value added, or similar taxes which may now or hereafter be
imposed by any governmental authority upon the Products. The Distributor will
fully comply with all regulatory requirements with respect to the promotion,
distribution and sale of the Products within the Territory. 

(e)             MATERIAL
CHANGE 

          The
Distributor will promptly report to the Company any material adverse change that
affects the sales or distribution of the Products within the Territory, any
material adverse change that affects the general operations or financial
condition of the Distributor or any breach by the Distributor of a material term
of this Agreement. 

(f)             ANNUAL
PROJECTION REPORTS 

          Upon the
Effective Date and upon the first day of any Renewal Term, the Distributor will
provide the Company with a reasonable annual estimate of the Distributor’s
requirements for the Products for the following year. 

(g)               
REFERRALS 

          The
Distributor will promptly refer to the Company all enquiries, orders or requests
for the Products received by the Distributor from outside the Territory. The
Distributor will not receive any commission or benefit for such referrals, but
the Company will pay all approved expenses incurred in providing such referral.

(h)               
NO SOLICITATION 

          The
Distributor will not solicit orders for the Products, advertise the Products,
maintain any branch for marketing the Products or keep any inventory of the
Products outside the Territory. 

(i)                
ALTERATIONS 

          The
Distributor will sell the Products in the same condition as they are received by
the Distributor and will not alter or remove any of the Company’s labels, marks
or numbers on the Products. 

5.               
COVENANTS of the company

(a)               
PROMOTION 

          The
Company will provide the Distributor with such information as the Company
considers appropriate in order to assist the Distributor in the preparation of
sales promotion material and will provide the Distributor with its sales
promotional material relating to the Products in order to facilitate advertising
of the Products together with such information as the Company considers
appropriate in connection with any warranties relating to the Products. 

(b)               
DELIVERY 

          After
payment is received by the Company in accordance with the terms of this
Agreement, the Company will arrange for the manufacture of all orders of the
Products placed by the Distributor and the Company will promptly deliver, at the
Distributor’s cost and risk, such orders to the Distributor at its designated
storage facilities. 

(c)               
SALES LEADS 

          All
sales leads received by the Company for the Distributor’s Territory will be
referred to the Distributor by the Company 6. Representations of the company The
Company represents and warrants to the Distributor that the Company has the
right, title and interest in and to the Products and has the right to license
the Distributor. 

7.               
Payment 

          The
Company will invoice the Distributor for any Products ordered by the
Distributor, and until such time as credit is established for the Distributor,
50% of the total amount of any such order is due upon placement of the order by
the Distributor with the Company and the balance of the total amount of any such
order is due on or before such Products are to be shipped to the Distributor.

8.               
DELIVERIES - LIMITATION OF LIABILITY 

          The
Company shall not be liable for any damage suffered by the Distributor by reason
of delay in the delivery of the Products by the Company or for damages
occasioned by any other reason beyond the Company’s control, including, without
limiting the generality of the foregoing, acts of God, strikes, lockouts or
other labour disruptions, non-supply of component parts or raw materials by the
manufacturer to the Company, embargo confiscation, expropriation or any other
Governmental action by any Federal, Provincial, State or Municipal authority,
stoppage or slow-down of public transportation facilities and flood, fire and
other natural disasters. In no event shall the Company be liable or in any way
responsible for indirect or consequential damages suffered by the Distributor
from 

any cause whatsoever including, without limiting the generality
of the foregoing, loss of profits, real or anticipated, or loss of customer
goodwill. 

9.               
RELATIONSHIP 

          The
Distributor is, as respect to the Company, an independent contractor and not an
employee or servant of the Company. The Distributor will not, either directly or
indirectly, represent to any person, firm or corporation that it possesses
authority to obligate the Company in any way, other than as permitted hereunder,
and will indemnify and save harmless the Company from any and all liabilities,
costs and damages which the Company may suffer arising out of any such
representation which the Distributor or any of its employees, servants or agents
may make, or any negligence of fault on the part of the Distributor or any of
its employees, servants or agents. 

10.               
Intellectual property 

(a)               
INTELLECTUAL PROPERTY RIGHTS 

          The
Distributor acknowledges the great value of the Products (including any
modifications thereto) and of the goodwill associated therewith and agrees that
all proprietary and intellectual property rights, including all copyrights,
registered and unregistered trade-marks, trade secrets and patentable
inventions, relating to the Products and the goodwill pertaining thereto
(collectively, the “Intellectual Property Rights”) belong to the Company and
further agrees that ownership of the Products and the Intellectual Property
Rights therein will be held in the name of the Company. The Distributor
acknowledges that any modifications to the Products are derivative works of the
Products and agrees that title to all Intellectual Property Rights in any such
derivative works will remain with the Company. 

(b)               
USE OF INTELLECTUAL PROPERTY 

          In
connection with the use of the Intellectual Property Rights: 

	 	(i) 	
      the Distributor will assist and co-operate with the
      Company to the extent requested by the Company in the protection of the
      Intellectual Property Rights, including the execution of any document to
      confirm the Company's title to and interest in the Products and the
      assignment of any rights to or ownership interest in the Products that it
      may have acquired from the Company;

	 	 	 
	 	(ii) 	
      the Distributor will take no steps either directly or
      indirectly to claim or dispute ownership or the enforceability or validity
      of the Intellectual Property Rights or the right of the Company to grant
      the rights herein;

	 	 	 
	 	(iii) 	
      the Distributor will promptly notify the Company of any
      infringements or imitations by others of the Products when such becomes
      known to the Distributor and, where possible, to provide a sample of such
      infringement or imitation and to co-operate with the Company in enforcing
      the Intellectual Property Rights against the infringer or imitator;
      provided however, that the Distributor shall not institute any suit or
      take any action on account of any such infringements or imitations without
      the Company's prior written consent;

	 	 	 
	 	(iv) 	
      the Distributor will not copy, adapt, alter, reverse
      engineer, disassemble, rent, lease or lend by any means the Products,
      except as expressly provided for in this Agreement or otherwise approved
      in writing by the Company;

	 	 	 
	 	(v) 	
      the Distributor will not remove, modify or deface any
      registered or unregistered trademark, logo, notice or legend of copyright
      or trade secret from any packaging which contains the
  Products;

	 	(vi) 	
      the Company will use its best efforts to prosecute,
      defend and conduct at its own expense all suits involving the Intellectual
      Property Rights including, but not limited to, actions involving
      infringement or passing off and will undertake any actions or litigate any
      proceeding reasonably necessary for the protection of the Intellectual
      Property Rights and the Distributor will provide every assistance to the
      Company in such defence at the cost of the Company; and

	 	 	 
	 	(vii) 	
      nothing in this Agreement will be deemed in any way to
      constitute any transfer or assignment by the Company of the Intellectual
      Property Rights to the Distributor or give the Distributor any right,
      title or interest in or to the Intellectual Property
  Rights.

11.               
CONFIDENTIALITY (a) DEFINITION 

         
“Confidential Information” means any oral or written data and information, now
or hereafter existing during the currency of this agreement, relating to the
business and management of the Company, including without limitation: 

	 	(i) 	
      any proprietary or trade-secret technology, knowledge,
      know-how, copyright, registered or unregistered trade-mark or trade name
      owned or licensed by the Company, including the Products; and

	 	 	 
	 	(ii) 	
      any record, report, document, policy, practice,
      agreement, customer list, account, ledger or other data or information
      relating to the business operations of the
Company,

to which access is granted to or obtained by the Distributor,
but does not include any data or information which: 

	 	(iii) 	
      is or becomes publicly known or available through no
      breach of the terms of this Agreement by the Distributor or by any
      director, officer, employee or agent of the Distributor; or

	 	 	 
	 	(iv) 	
      is disclosed by the Distributor with the prior written
      consent of the Company.

(b)               
CONFIDENTIAL INFORMATION 

          The
Distributor covenants with the Company: 

	 	(i) 	
      to keep all Confidential Information to which access is
      granted to or obtained by it in strictest confidence and not to disclose
      or permit disclosure of all or any portion of the Confidential Information
      to any person, firm, corporation, business or other entity, except as
      otherwise expressly permitted by this Agreement or with the prior written
      authorization of the Company;

	 	 	 
	 	(ii) 	
      without prejudice to the generality of subsection
      11.(b)(a), to exercise a degree of care in protecting the confidentiality
      of the Confidential Information that is at least equivalent to that which
      the Distributor uses to protect its own information of like sensitivity
      and importance;

	 	 	 
	 	(iii) 	
      not to use all or any portion of the Confidential
      Information in any way which may be reasonably considered as detrimental
      to the business operations of the Company;

	 	 	 
	 	(iv) 	
      not to use all or any portion of the Confidential
      Information for any purpose other than as expressly authorized by this
      Agreement or in writing by the Company;

	 	 	 
	 	(v) 	
      not to copy or otherwise reproduce or duplicate all or
      any portion of the Confidential Information without the prior written
      authorization of the Company, which authorization may be unreasonably
      withheld;

	 	(vi) 	
      to permit access to the Confidential Information only to
      such of its directors, officers, employees and agents as need such
      Confidential Information for the proper use thereof or for the fulfilment
      of their regular duties with the Distributor;

	 	 	 
	 	(vii) 	
      not to permit any director, officer, employee, agent or
      representative of any nominee corporation for them or any other party
      receiving Confidential Information on their behalf to disclose or permit
      disclosure of such information to any person, firm, corporation, business
      or other entity for any purpose, except as expressly authorized by this
      agreement or in writing by the Company;

	 	 	 
	 	(viii) 	
      to promptly advise the Company in writing if any
      unauthorized use or disclosure or any anticipated use or disclosure of all
      or any portion of the Confidential Information comes the Distributor's
      attention and to take all reasonable steps to stop such unauthorized or
      anticipated use or disclosure; and

	 	 	 
	 	(ix) 	
      to promptly return all Confidential Information, together
      with any copies thereof, to the Company upon
demand.

(c)               
EXCEPTION 

          Notwithstanding
the foregoing to the contrary, the Distributor may disclose all or any part of
the Confidential Information as it may be required by law or pursuant to an
order of a court of competent jurisdiction. 

12.               
TERMINATION 

(a)               
NOTICE OF TERMINATION 

          This
Agreement may be terminated by either party at the end of the Initial Term or at
the end of any subsequent Renewal Term by written notice in accordance with the
notice provisions hereinafter described from one party to the other given at
least sixty (60) days prior to the expiration of such Initial Term or Renewal
Term. The termination of this Agreement for any reason will be without prejudice
to the rights of either party against the other, and will not relieve either
party of any of its obligations and warranties. 

(b)               
EARLY TERMINATION 

          Without
prejudicing any other rights that the Company may have hereunder or at law or in
equity, the Company may terminate this Agreement immediately upon delivery of
written notice to the Distributor if: 

	 	(i) 	
      the Distributor breaches any term of this Agreement and
      such breach is not cured to the reasonable satisfaction of the Company
      within ten (10) days after written notice describing the breach in
      reasonable detail is delivered to the Distributor;

	 	 	 
	 	(ii) 	
      there is a change in control of the
Distributor;

	 	 	 
	 	(iii) 	
      the Distributor winds-up, dissolves, liquidates or takes
      steps to do so or otherwise ceases to function as a going concern or is
      prevented from reasonably performing its duties hereunder; or

	 	 	 
	 	(iv) 	
      a receiver or other custodian (interim or permanent) of
      any of the assets of the Distributor is appointed by private instrument or
      by court order or if any execution or other similar process of any court
      becomes enforceable against the Distributor or its
  assets.

(c)               
EFFECT OF TERMINATION 

          Upon
termination of this Agreement for any reason whatsoever, the following will
apply: 

	 	(i) 	
      each party will reconvey and release to the other party
      all rights and privileges granted by this Agreement;

	 	 	 
	 	(ii) 	
      the Distributor will return to the Company all
      advertising, informational or technical material given to the Distributor
      by the Company;

	 	 	 
	 	(iii) 	
      the Distributor will cease using the Company’s registered
      or unregistered trade-mark and trade-names and thereafter refrain from
      holding itself out as an authorized distributor of the Company;

	 	 	 
	 	(iv) 	
      if requested by the Company, the Distributor will sell to
      the Company, at the original net price paid by the Distributor plus actual
      freight charges for delivery to the Company, all of the Products sold by
      the Company to the Distributor and on hand in the Distributor’s place of
      business or in the possession or the control of the Distributor at the
      time of termination of this Agreement and deliver same to the Company
      promptly upon request, provided, however, that the Company may reject any
      of the Products so delivered which are not in substantially the same
      condition as when delivered to the Distributor; and

	 	 	 
	 	(v) 	
      the Distributor will immediately pay all amounts owing by
      it to the Company.

13.               
NOTICES 

          Any
notice which the Company may wish to give to the Distributor shall be deemed to
be sufficiently given if delivered or sent by prepaid post to the Distributor at
the address given on page 1 hereof or at such other address as may be given by
the Distributor to the Company during the Initial Term or any Renewal Term. Any
notice which the Distributor may wish to give to the Company shall be deemed to
be sufficiently given if delivered or sent by prepaid post to the Company at the
address given on page 1 hereof or at such other address as may be given by the
Company to the Distributor during the Initial Term or any Renewal Term. 

14.               
ASSIGNABILITY 

          Neither
of the parties may assign their right, title or interest, or any part thereof,
in this Agreement without the prior written consent of the other party,
provided, however, that the Distributor may in its absolute discretion assign
its right, title and interest in this Agreement to a wholly-owned subsidiary or
associated company. 

15.               
NON-COMPETITION 

          During
the term of this agreement or termination of this Agreement, the Distributor
will not manufacture, sell or cause to be manufactured or sold goods competing
with the Products without the specific prior written consent of the Company. The
Distributor shall not file for local patents without the prior express written
consent of the Company. The Distributor shall not obtain or attempt to obtain a
registered trademark of the Company’s name, trade names and trademarks. 

16.               
ENTIRE AGREEMENT 

     There is no representation, warranty
or condition affecting this Agreement between the parties other than expressed
herein in writing and this Agreement contains the entire and only agreement
between the parties respecting the promotion and sale of the Products by the
Distributor and supersedes all previous negotiations between the parties
relating to the promotion and sale of the Products by the Distributor. It is
understood and agreed that alterations or additions may be made to this
Agreement from time to time, provided, however, that such alterations or
additions will not be binding on the parties hereto unless in writing signed by
each of the parties hereto. 

17.               
HEADINGS 

          The
division of this Agreement into sections is for convenience of reference only
and will not affect the interpretation or construction of this Agreement. 

18.               
SCHEDULES 

          The
Schedules A, B and C attached hereto are incorporated into this Agreement and
form a part hereof. All terms defined in this Agreement will have the same
meaning in the Schedules attached hereto. 

19.               
APPLICABLE LAW 

          The
parties agree that this Agreement is being delivered in and is intended to be
performed in British Columbia and shall be construed and enforced in accordance
with the applicable laws of British Columbia. 

20.               
TIME OF THE ESSENCE 

          Time
will be of the essence of this Agreement. 

21.               
SUCH OTHER ACTS 

          The
parties hereto shall do all things, take such acts and execute such documents as
are necessary to give effect to the intention herein contemplated. 

22.               
NON-WAIVER 

          No
waiver by any party of any breach by any other party of any of its covenants,
obligations and agreements hereunder shall be a waiver of any subsequent breach
of any other covenant, obligation or agreement, nor shall any forbearance to
seek a remedy for any breach be a waiver of any rights and remedies with respect
to such or any subsequent breach. 

23.               
ENUREMENT 

          This
Agreement shall enure to the benefit of and be binding upon the parties hereto
and their respective successors and permitted assigns. 

24.               
COUNTERPARTS 

          This
Agreement may be executed in several counterparts, each of which will be deemed
to be an original and all of which will together constitute one and the same
instrument. 

IN WITNESS WHEREOF the parties have duly executed this
Agreement. 

	Golden Century Technologies Corporation 	 	T-Ray Science, Inc. 
	(the “Company”) 	 	(the “Distributor”) 
	/s/ Hong Yang 	 	/s/
      Thomas A. Braun 
	  	 	  
	Hong Yang 	 	Thomas A. Braun 
	President 	 	President 

SCHEDULE A 

PRODUCTS 

The Products covered by this Agreement include the following:

The Colo-Majic®Flushable Liner

SCHEDULE B 

TERRITORY 

The Territory includes the following geographic areas:

United Arab Emirates 

Israel 

Saudi Arabia

 Iran 

Egypt 

Turkey 

SCHEDULE C 

PRICES FOR PRODUCTS 

The Distributor shall pay the Company the Price of the Products
is as follows: 

- The Colo-Majic®Flushable Liner

- USD$30.00 per box excluded taxes, each order minimum ten (10) boxes.

- USD$1,800.00 (60 boxes) per cartoon excluded taxes.EXECUTION COPY

======================================================================================================================

                                           BA CREDIT CARD TRUST

                                                as Issuer

                                      CLASS A(2007-1) TERMS DOCUMENT

                                       dated as of January 18, 2007

                                                    to

                            AMENDED AND RESTATED BASERIES INDENTURE SUPPLEMENT

                                        dated as of June 10, 2006

                                                    to

                                  SECOND AMENDED AND RESTATED INDENTURE

                                       dated as of October 20, 2006

                                           THE BANK OF NEW YORK

                                           as Indenture Trustee

======================================================================================================================

                                             TABLE OF CONTENTS

                                                                                                              Page

                                                Article I

                         Definitions and Other Provisions of General Application

Section 1.01.     Definitions....................................................................................1

Section 1.02.     Governing Law; Submission to Jurisdiction; Agent for Service of Process........................6

Section 1.03.     Counterparts...................................................................................7

Section 1.04.     Ratification of Indenture and Indenture Supplement.............................................7

                                                Article II

                                        The Class A(2007-1) Notes

Section 2.01.     Creation and Designation.......................................................................8

Section 2.02.     Specification of Required Subordinated Amount and other Terms..................................8

Section 2.03.     Interest Payment...............................................................................8

Section 2.04.     Payments of Interest and Principal.............................................................9

Section 2.05.     Form of Delivery of Class A(2007-1) Notes; Depository; Denominations...........................9

Section 2.06.     Delivery and Payment for the Class A(2007-1) Notes............................................10

Section 2.07.     Targeted Deposits to the Accumulation Reserve Account.........................................10

Section 2.08.     Derivative Agreement..........................................................................10

Section 2.09.     Interest Reserve Account......................................................................12

Section 2.10.     Early Redemption Events.......................................................................13

Section 2.11.     Derivative Reserve Account....................................................................13

Section 2.12.     Termination Payments..........................................................................14

                                               Article III

                                      Representations and Warranties

Section 3.01.     Issuer's Representations and Warranties.......................................................16

                  THIS CLASS A(2007-1) TERMS DOCUMENT (this "Terms Document"), by and between BA CREDIT
CARD TRUST, a statutory trust created under the laws of the State of Delaware (the "Issuer"), having its
principal office at Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890, and THE
BANK OF NEW YORK, a New York banking corporation, as Indenture Trustee ( the "Indenture Trustee"), is
made and entered into as of January 18, 2007.

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

                                                ARTICLE I

                         DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION

         Section 1.01.     Definitions.  For all purposes of this Terms Document, except as otherwise
expressly provided or unless the context otherwise requires:

                  (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 Amended and Restated
                           BAseries Indenture Supplement, dated as of June 10, 2006 (the "Indenture
                           Supplement"), between the Issuer and the Indenture Trustee, or the Second
                           Amended and Restated Indenture, dated as of October 20, 2006 (the
                           "Indenture"), between the Issuer and the Indenture Trustee, as acknowledged
                           and accepted by FIA, as Servicer, either directly or by reference therein,
                           have the meanings assigned to them therein;

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

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

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

                  (6)      in the event that any term or provision contained herein shall conflict with
                           or be inconsistent with any term or provision contained in the Indenture

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

                  (7)      each capitalized term defined herein shall relate only to the Class A(2007-1)
                           Notes and no other tranche of Notes issued by the Issuer; and

                  (8)      "including" and words of similar import will be deemed to be followed by
                           "without limitation."

                  "Accumulation Reserve Funding Period" shall mean, (a) if the Accumulation Period
Length is determined to be one (1) month, there shall be no Accumulation Reserve Funding Period and (b)
otherwise, the period (x) commencing on the earliest to occur of (i) the Monthly Period beginning three
(3) calendar months prior to the first Transfer Date for which a budgeted deposit is targeted to be made
into the Principal Funding sub-Account of the Class A(2007-1) Notes pursuant to Section 3.10(b) of the
Indenture Supplement, (ii) the Monthly Period following the first Transfer Date following and including
the December 2015 Transfer Date for which the Quarterly Excess Available Funds Percentage is less than
2%, but in such event the Accumulation Reserve Funding Period shall not be required to commence earlier
than 24 months prior to the Expected Principal Payment Date, (iii) the Monthly Period following the
first Transfer Date following and including the June 2016 Transfer Date for which the Quarterly Excess
Available Funds Percentage is less than 3%, but in such event the Accumulation Reserve Funding Period
shall not be required to commence earlier than 18 months prior to the Expected Principal Payment Date,
and (iv) the Monthly Period following the first Transfer Date following and including the August 2016
Transfer Date for which the Quarterly Excess Available Funds Percentage is less than 4%, but in such
event the Accumulation Reserve Funding Period shall not be required to commence earlier than 16 months
prior to the Expected Principal Payment Date and (y) ending on the close of business on the last day of
the Monthly Period preceding the earlier to occur of (i) the Expected Principal Payment Date for the
Class A(2007-1) Notes and (ii) the date on which the Class A(2007-1) Notes are paid in full.

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

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

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

                                                     2

                  "Class A(2007-1) Noteholder" means a Person in whose name a Class A(2007-1) Note is
registered in the Note Register.

                  "Class A(2007-1) Termination Date" means the earliest to occur of  (a) the Principal
Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2007-1) Notes is paid in
full, (b) the Legal Maturity Date and (c) the date on which the Indenture is discharged and satisfied
pursuant to Article VI thereof.

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

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

                  "Controlled Accumulation Amount" means $41,666,666.67; provided, however, if the
Accumulation Period Length is determined to be less than twelve (12) months pursuant to Section
3.10(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount shall be the amount
specified in the definition of "Controlled Accumulation Amount" in the Indenture Supplement.

                  "Derivative Agreement" means the ISDA Master Agreement, together with the Schedule and
the Confirmation thereto, each dated as of January 18, 2007, between the Issuer and the Derivative
Counterparty, as such Derivative Agreement may be amended, modified or replaced.

                  "Derivative Counterparty" means Bank of America, N.A. and any of its successors or
transferees under the Derivative Agreement.

                  "Derivative Fixed Rate" means, for any applicable Interest Period, the fixed rate
specified in the Derivative Agreement.

                  "Derivative Reserve Account" is defined in Section 2.11.

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

                  "Expected Principal Payment Date" means January 17, 2017.

                  "Fixed Amount" means, for any Transfer Date, an amount equal to the fixed amount
(including the amount of any termination payment payable by the Derivative Counterparty to the Issuer
pursuant to Section 6 of the Derivative Agreement following the termination of the Derivative Agreement
pursuant to the terms thereof) payable by the Derivative Counterparty to the Issuer for such date
pursuant to the Derivative Agreement for interest for the Class A(2007-1) Notes.

                                                     3

                  "Floating Amount" means, for any Transfer Date, an amount equal to (a) the floating
amount (excluding the amount of any termination payment payable by the Issuer to the Derivative
Counterparty pursuant to Section 6 of the Derivative Agreement following the termination of the
Derivative Agreement pursuant to the terms thereof) payable by the Issuer to the Derivative Counterparty
for such date pursuant to the Derivative Agreement, minus (b) the amount, if any, by which the PFA
Accumulation Earnings Shortfall plus the PFA Prefunding Earnings Shortfall for the Class A(2007-1) Notes
for such Transfer Date exceeds the sum of (i) the aggregate amount withdrawn from the Derivative Reserve
Account and (ii) the aggregate amount to be treated as BAseries Available Funds pursuant to Section
3.04(a)(i) or 3.04(a)(ii) of the Indenture Supplement, in each case, for the Class A(2007-1) Notes for
such Transfer Date; provided, however, that solely for purposes of clause (c) of the definition of PFA
Accumulation Earnings Target and clause (c) of the definition of PFA Prefunding Earnings Target, the
"Floating Amount" for any Transfer Date will be limited to the amount determined pursuant to clause (a)
above.

                  "Initial Dollar Principal Amount" means $500,000,000.

                  "Interest Payment Date" means the fifteenth day of each month, or if such fifteenth
day is not a Business Day, the next succeeding Business Day, commencing March 15, 2007.

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

                  "Interest Reserve Account" is defined in Section 2.09.

                  "Interest Reserve Account Event" is defined in Section 2.08.

                  "Issuance Date" means January 18, 2007.

                  "Legal Maturity Date" means June 17, 2019.

                  "Net Derivative Payment" means, for any Transfer Date, (a) if the netting provisions
of subsection 2(c)(ii) of the Derivative Agreement apply, the amount by which the Floating Amount for
such date exceeds the Fixed Amount for such date, and (b) otherwise, an amount equal to the Floating
Amount for such date.

                  "Net Derivative Receipt" means, for any Transfer Date, (a) if the netting provisions
of subsection 2(c)(ii) of the Derivative Agreement apply, the amount by which the Fixed Amount for such
date exceeds the Floating Amount for such date, and (b) otherwise, an amount equal to the Fixed Amount
for such date.

                  "Note Interest Rate" means a per annum rate equal to 5.17%.

                                                     4

                  "Paying Agent" means The Bank of New York.

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

                  "Predecessor Note" means, with respect to any particular Note, every previous Note
evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the
purpose of this definition, any Note authenticated and delivered under Section 306 of the Indenture in
lieu of a mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the
mutilated, lost, destroyed or stolen Note.

                  "Quarterly Excess Available Funds Percentage" means, with respect to the December 2015
Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator
of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding
three Monthly Periods and the denominator of which is three.

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

                  "Required Accumulation Reserve sub-Account Amount" means, with respect to any Monthly
Period during the Accumulation Reserve Funding Period, an amount equal to (i) 0.5% of the Outstanding
Dollar Principal Amount of the Class A(2007-1) Notes as of the close of business on the last day of the
preceding Monthly Period or (ii) any other amount designated by the Issuer; provided, however, that if
such designation is of a lesser amount, the Note Rating Agencies shall have provided prior written
confirmation that a Ratings Effect will not occur with respect to such change.

                  "Required Derivative Reserve Amount" shall have the meaning specified in the
Supplemental Derivative Letter dated as of the date hereof between the Issuer, the Indenture Trustee and
the Derivative Counterparty.

                  "Required Interest Reserve Amount" is defined in Section 2.08.

                                                     5

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

                  "Stated Principal Amount" means $500,000,000.

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

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

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

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

                  (d)      in the case of a tranche of Notes with a non-Performing Derivative Agreement
for interest, the rate specified for that date in the related terms document, which, in the event that
the Derivative Agreement for the Class A(2007-1) Notes is non-Performing, is the Note Interest Rate.

                  Section 1.02.     Governing Law; Submission to Jurisdiction; Agent for Service of
Process.  This Terms Document shall be governed by and construed in accordance with the laws of the
State of Delaware, without regard to principles of conflict of laws.  The parties hereto declare that it
is their intention that this Terms Document shall be regarded as made under the laws of the State of
Delaware and that the laws of said State shall be applied in interpreting its provisions in all cases
where legal interpretation shall be required.  Each of the parties hereto agrees (a) that this Terms
Document involves at least $100,000.00, and (b) that this Terms Document has been entered into by the
parties hereto in express reliance upon 6 DEL. C. § 2708.  Each of the parties hereto hereby irrevocably
and unconditionally agrees (a) to be subject to the jurisdiction of the courts of the State of Delaware
and of the federal courts sitting in the State of Delaware, and (b)(1) to the extent such party is not
otherwise subject to service of process in the State of Delaware, to appoint and maintain an agent in
the State of Delaware as such party's agent for acceptance of legal process, and (2) that, to the
fullest extent permitted by applicable law, service of process may also be made on such party by prepaid
certified mail with a proof of mailing receipt validated by the United States Postal Service
constituting evidence of valid service, and that service made pursuant to (b)(1) or (2) above shall, to
the fullest extent permitted by applicable law, have the same legal force and effect as if served upon
such party personally within the State of Delaware.

                                                     6

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

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

                                            [END OF ARTICLE I]

                                                     7

                                                ARTICLE II

                                        THE CLASS A(2007-1) NOTES

                  Section 2.01.     Creation and Designation.  There is hereby created a tranche of
BAseries Class A Notes to be issued pursuant to the Indenture and the Indenture Supplement to be known
as the "BAseries Class A(2007-1) Notes."

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

                  (a)      For the Class A(2007-1) Notes for any date of determination, the Class A
Required Subordinated Amount of Class B Notes will be an amount equal to 8.72093% of (i) the Adjusted
Outstanding Dollar Principal Amount of the Class A(2007-1) Notes on such date or (ii) if an Early
Redemption Event with respect to the Class A(2007-1) Notes shall have occurred, if an Event of Default
and acceleration of the Class A(2007-1) Notes shall have occurred or if the Class A Usage of the Class B
Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted
Outstanding Dollar Principal Amount of the Class A(2007-1) Notes as of close of business on the day
immediately preceding the occurrence of such Early Redemption Event, such Event of Default and
acceleration or the date on which the Class A Usage of Class B Required Subordinated Amount exceeded
zero.

                  (b)      For the Class A(2007-1) Notes for any date of determination, the Class A
Required Subordinated Amount of Class C Notes will be an amount equal to 7.55814% of (i) the Adjusted
Outstanding Dollar Principal Amount of the Class A(2007-1) Notes on such date or (ii) if an Early
Redemption Event with respect to the Class A(2007-1) Notes shall have occurred, if an Event of Default
and acceleration of the Class A(2007-1) Notes shall have occurred or if the Class A Usage of the Class C
Required Subordinated Amount for such tranche of Class A Notes is greater than zero, the Adjusted
Outstanding Dollar Principal Amount of the Class A(2007-1) Notes as of close of business on the day
immediately preceding the occurrence of such Early Redemption Event, such Event of Default and
acceleration or the date on which the Class A Usage of Class C Required Subordinated Amount exceeded
zero.

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

                  Section 2.03.     Interest Payment.

                  (a)      For each Interest Payment Date, the amount of interest due with respect to the
Class A(2007-1) Notes shall be an amount equal to one-twelfth of the product of (i) the Note Interest
Rate, times (ii) the Outstanding Dollar Principal Amount of the Class A(2007-1) Notes determined as of
the Record Date preceding the related Transfer Date; provided, however, that for the first Interest
Payment Date the amount of interest due is $4,092,916.67.  Interest on the

                                                     8

Class A(2007-1) Notes will be calculated on the basis of a 360-day year and twelve 30-day months.

                  (b)      For purposes of Section 3.02(c) and Section 3.13(d) of the Indenture
Supplement, for each Interest Payment Date, the amount owed to the Derivative Counterparty, if any, will
be an amount equal to the Net Derivative Payment; provided, however, that solely for purposes of
determining the targeted deposit to be made to the Interest Funding sub-Account for the Class A(2007-1)
Notes for any Transfer Date pursuant to Section 3.02(c) of the Indenture Supplement, the targeted
deposit to the Interest Funding sub-Account for the Class A(2007-1) Notes will be an amount equal to the
Net Derivative Payment less the aggregate amount, if any, deposited directly into the Interest Funding
sub-Account pursuant to Section 2.11(c) on such Transfer Date, for payment in accordance with Section
2.08(c) of this Terms Document and Section 3.13(d) of the Indenture Supplement.  For clarification
purposes only, Section 706(b) of the Indenture shall be read to include the payment of any Net
Derivative Payment then due and unpaid to the Derivative Counterparty to the extent that amounts are
specified and available therefor pursuant to this Section.

                  (c)      Pursuant to Section 3.03 of the Indenture Supplement, on each Transfer Date,
the Indenture Trustee shall deposit into the Class A(2007-1) Interest Funding sub-Account the portion of
BAseries Available Funds allocable to the Class A(2007-1) Notes.

                  Section 2.04.     Payments of Interest and Principal.

                  (a)      Any installment of interest or principal, if any, payable on any Class
A(2007-1) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on
the applicable Interest Payment Date or Principal Payment Date shall be paid by the Paying Agent to the
Person in whose name such Class A(2007-1) Note (or one or more Predecessor Notes) is registered on the
Record Date, by wire transfer of immediately available funds to such Person's account as has been
designated by written instructions received by the Paying Agent from such Person not later than the
close of business on the third Business Day preceding the date of payment or, if no such account has
been so designated, by check mailed first-class, postage prepaid to such Person's address as it appears
on the Note Register on such Record Date, except that with respect to Notes registered on the Record
Date in the name of the nominee of Cede & Co., payment shall be made by wire transfer in immediately
available funds to the account designated by such nominee.

                  (b)      The right of the Class A(2007-1) Noteholders to receive payments from the
Issuer will terminate on the first Business Day following the Class A(2007-1) Termination Date.

                  Section 2.05.     Form of Delivery of Class A(2007-1) Notes; Depository; Denominations.

                  (a)      The Class A(2007-1) Notes shall be delivered in the form of a global
Registered Note as provided in Sections 202 and 301(i) of the Indenture, respectively.

                                                     9

                  (b)      The Depository for the Class A(2007-1) Notes shall be The Depository Trust
Company, and the Class A(2007-1) Notes shall initially be registered in the name of Cede & Co., its
nominee.

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

                  Section 2.06.     Delivery and Payment for the Class A(2007-1) Notes.  The Issuer shall
execute and deliver the Class A(2007-1) Notes to the Indenture Trustee for authentication, and the
Indenture Trustee shall deliver the Class A(2007-1) Notes when authenticated, each in accordance with
Section 303 of the Indenture.

                  Section 2.07.     Targeted Deposits to the Accumulation Reserve Account.

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

                  Section 2.08.     Derivative Agreement.

                  (a)      The Issuer shall enter into the Derivative Agreement, certain terms of which
are set forth herein for the convenience of the parties thereto for incorporation therein by reference,
with the Derivative Counterparty on the Issuance Date.  Pursuant to the terms of the Derivative
Agreement, the Derivative Counterparty shall pay to the Issuer on each Transfer Date the Net Derivative
Receipt, if any, plus the amount of any Net Derivative Receipt due but not paid with respect to any
previous Transfer Date.  The Issuer shall deposit such Net Derivative Receipts, if any, into the
Collection Account and shall apply such amounts as BAseries Available Funds pursuant to Section
3.04(a)(iii) of the Indenture Supplement.  In addition, in accordance with the terms of the Derivative
Agreement, the Issuer shall pay to the Derivative Counterparty the Net Derivative Payment, if any, for
such Transfer Date, plus the amount of any Net Derivative Payment due but not paid on any previous
Transfer Date, from amounts on deposit in the Interest Funding sub-Account for the Class A(2007-1)
Notes.  If the Derivative Agreement has not been terminated and the Issuer has not received any Net
Derivative Receipt due with respect to the related Transfer Date prior to 12:00 p.m. on the date such
payment is due, (i) the Issuer shall notify the Derivative Counterparty, the Beneficiary and the
Servicer of such fact prior to 1:00 p.m. on such date, (ii) the Issuer, if directed by the Beneficiary,
shall designate an Early Termination Date (as such term is defined in the Derivative Agreement) pursuant
to the Derivative Agreement and shall, if the Beneficiary so directs, terminate the Derivative Agreement
pursuant to its terms, and (iii) the Issuer shall cause the Servicer to provide the Indenture Trustee,
prior to 4:30 p.m. on the related Transfer Date, with new statements substantially in the forms of
Exhibit B and Exhibit C to the Indenture Supplement revised, if necessary, to reflect that the Net
Derivative Receipt (or any portion thereof) was not received by the Issuer for such Transfer Date.

                  (b)      The Issuer shall direct the Derivative Counterparty to assign its rights and
obligations under the Derivative Agreement to a replacement Derivative Counterparty, in the event that
the long-term credit rating (or the then equivalent rating) of the Derivative

                                                     10

Counterparty or a replacement Derivative Counterparty, if any, is reduced below BBB- by Standard & Poor's or below Baa3 by
Moody's or is withdrawn by either Standard & Poor's or Moody's.  The Issuer shall give Standard & Poor's
and Moody's notice of the replacement of the Derivative Counterparty as soon as practicable thereafter.

                  (c)      The parties hereto agree that all obligations of the Issuer under the
Derivative Agreement shall be paid from, and limited to, amounts on deposit in the Interest Funding
sub-Account for the Class A(2007-1) Notes which are specifically available to be applied therefor
pursuant to Section 3.13(d) of the Indenture Supplement, as determined pursuant to Section 2.03(b) of
this Terms Document, and any amounts specifically available to be applied therefor pursuant to Section
2.12 of this Terms Document, and that the Beneficiary shall not be required to expend or risk its own
funds or otherwise incur any liability in connection with the Derivative Agreement.

                  (d)      If the Issuer has actual knowledge of any event specified in Section 5 of the
Derivative Agreement, the Issuer shall provide written notice of such event to the Beneficiary, the
Servicer and the Note Rating Agencies.  The Beneficiary, upon becoming aware of any event specified in
Section 5 of the Derivative Agreement, whether pursuant to notice from the Issuer or otherwise, shall
immediately provide the Issuer with written instructions as to the course of action to be taken under
Section 6 of the Derivative Agreement, including without limitation any notices to be provided and
whether or not an Early Termination Date (as defined in the Derivative Agreement) should be designated
and, if so, when such Early Termination Date should be designated.  Prior to receiving such written
instructions from the Beneficiary, the Issuer shall not designate an Early Termination Date and shall
not terminate the Derivative Agreement.

                  (e)      At the request of the Issuer, the Beneficiary shall provide the Issuer with
any document the Issuer is required to provide the Derivative Counterparty pursuant to Section 4(a) of
the Derivative Agreement.

                  (f)      (i) In the event the short-term credit rating (or the then equivalent rating)
of the Derivative Counterparty or a replacement Derivative Counterparty, if any, from Standard & Poor's
is below A-1, or is withdrawn by Standard & Poor's, or (ii) in the case of a replacement Derivative
Counterparty assuming the interests and obligations of the original Derivative Counterparty under the
Derivative Agreement that does not have a short-term credit rating from Standard & Poor's, the long-term
credit rating (or the then equivalent rating) of such replacement Derivative Counterparty from Standard
& Poor's is below A+ or is withdrawn by Standard & Poor's, the Derivative Counterparty will be required
within 30 days from the date of such rating or withdrawal to fund the Interest Reserve Account in an
amount equal to one-twelfth of the product of (A) the Derivative Fixed Rate and (B) the Outstanding
Dollar Principal Amount of the Class A(2007-1) Notes as of the close of business on the last day of the
Monthly Period preceding such rating or withdrawal (the "Required Interest Reserve Amount").  The
Derivative Counterparty's failure to adequately fund the Interest Reserve Account within 30 days of such
rating or withdrawal shall constitute an "Interest Reserve Account Event."

                                                     11

                  Section 2.09.     Interest Reserve Account.

                  (a)      On or before the Issuance Date, the Indenture Trustee will cause to be
established and maintained with a Qualified Institution (other than FIA, BACCS or the Transferor) that
is acting as a securities intermediary a Qualified Account denominated as the "Interest Reserve Account"
in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds and other
property credited thereto are held for the benefit of the Class A(2007-1) Noteholders.  The Indenture
Trustee hereby accepts the Interest Reserve Account in trust under the Indenture, the Indenture
Supplement and this Terms Document, in accordance with the provisions thereof and hereof.  The Interest
Reserve Account constitutes a Supplemental Account and shall be under the exclusive control of the
Indenture Trustee for the benefit of the Class A(2007-1) Noteholders.  If, at any time, the institution
holding the Interest Reserve Account ceases to be a Qualified Institution, the Issuer will within ten
(10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each
Note Rating Agency may consent) establish with a Qualified Institution (other than FIA, BACCS or the
Transferor) that is acting as a securities intermediary a new Interest Reserve Account that is a
Qualified Account and shall transfer any funds or other property to such new Interest Reserve Account.
From the date such new Interest Reserve Account is established, it will be the "Interest Reserve
Account."  The Interest Reserve Account will receive amounts as described in this Section.

                  (b)      On each Transfer Date, all interest and earnings (net of losses and investment
expenses) accrued since the preceding Transfer Date on funds credited to the Interest Reserve Account
will be retained in the Interest Reserve Account (to the extent that the amount credited to the Interest
Reserve Account with respect to the related Monthly Period (prior to taking into account any such
interest and earnings) is less than the required balance for the Interest Reserve Account for that
Monthly Period) and the balance, if any, will be paid to the Derivative Counterparty pursuant to the
terms of the Derivative Agreement.

                  (c)      In the event that the Derivative Agreement terminates due to a default by the
Derivative Counterparty, on the Transfer Date on or immediately following such termination, the Issuer
shall withdraw from the Interest Reserve Account an amount equal to the lesser of (i) the Net Derivative
Receipt, if any, with respect to such Transfer Date plus the amount of any Net Derivative Receipt
previously due but not paid to the Issuer and (ii) the amount credited to the Interest Reserve Account
on such Transfer Date, and shall credit such amount to the Collection Account to be included in BAseries
Available Funds with respect to such Transfer Date and give notice of such withdrawal to each Note
Rating Agency.  Such withdrawal will be deemed to be a Net Derivative Receipt and a payment received
from the Derivative Counterparty for all purposes under the Indenture Supplement and this Terms Document.

                  (d)      Upon the earliest to occur of (i) any Transfer Date subsequent to the return
of the Derivative Counterparty's or replacement Derivative Counterparty's short-term credit rating (or
the then equivalent rating) to A-1 or higher by Standard & Poor's, (ii) any Transfer Date subsequent to
the return of a replacement Derivative Counterparty's long-term credit rating (or the then equivalent
rating) to A+ or higher by Standard & Poor's, if such replacement Derivative Counterparty does not have
a short-term credit rating from Standard & Poor's, (iii) the Transfer Date on or immediately following
the termination of the Derivative Agreement and (iv) the Transfer Date immediately preceding the
Expected Principal Payment Date, the Issuer,

                                                     12

after the prior payment of all amounts owing to the Class
A(2007-1) Noteholders that are payable from the Interest Reserve Account as provided herein, shall
withdraw from the Interest Reserve Account and pay to the Derivative Counterparty pursuant to the terms
of the Derivative Agreement, all amounts, if any, credited to the Interest Reserve Account.  In
addition, following the earliest to occur of the events described in clauses (iii) or (iv) of the
preceding sentence, the Interest Reserve Account shall be deemed to have terminated for purposes of this
Terms Document, the Indenture Supplement and the Indenture.

                  Section 2.10.     Early Redemption Events.  Notwithstanding any provision of the
Indenture or the Indenture Supplement to the contrary, upon the occurrence of an Early Redemption Event
with respect to the Class A(2007-1) Notes (other than an Early Redemption Event described in Section
1201(c) of the Indenture), if none of (i) an Early Redemption Event described in Section 1201(c) of the
Indenture, (ii) an Interest Reserve Account Event, (iii) the termination of the Derivative Agreement
pursuant to its terms or (iv) an Event of Default and acceleration of the Class A(2007-1) Notes has
previously occurred, then the Issuer will not pay any amounts accumulated in the Principal Funding
sub-Account for the Class A(2007-1) Notes to the holders of the Class A(2007-1) Notes until the Monthly
Principal Payment Date occurring on or immediately following the earliest to occur of:

                  (a)      the Expected Principal Payment Date;

                  (b)      the date on which an Early Redemption Event described in Section 1201(c) of
the Indenture occurs;

                  (c)      the date on which an Interest Reserve Account Event occurs; and

                  (d)      the date on which the Derivative Agreement terminates pursuant to its terms.

                  If the Issuer is unable to pay the redemption price in full on such Monthly Principal
Payment Date, monthly payments on the Class A(2007-1) Notes will thereafter be made on each following
Monthly Principal Payment Date until the Outstanding Dollar Principal Amount of the Class A(2007-1)
Notes, plus all accrued and unpaid interest, is paid in full or the Legal Maturity Date occurs,
whichever is earlier, subject to Article V of the Indenture and Article III of the Indenture
Supplement.  Any funds in any Supplemental Account (other than the Interest Reserve Account) for the
Class A(2007-1) Notes will be applied to make the principal and interest payments on the Class A(2007-1)
Notes on the redemption date, subject to Article V of the Indenture, Article III of the Indenture
Supplement and Article II of this Terms Document.

                  Section 2.11.     Derivative Reserve Account.

                  (a)      On or before the Issuance Date, the Indenture Trustee will cause to be
established and maintained with a Qualified Institution (other than FIA, BACCS or the Transferor) that
is acting as a securities intermediary a Qualified Account denominated as the "Derivative Reserve
Account" in the name of the Indenture Trustee, bearing a designation clearly indicating that the funds
and other property credited thereto are held for the benefit of the Class A(2007-1) Noteholders and the
Derivative Counterparty, as their interests appear herein.

                                                     13

The Indenture Trustee hereby accepts the
Derivative Reserve Account and any property credited thereto in trust under the Indenture, the Indenture
Supplement and this Terms Document, in accordance with the provisions thereof and hereof.  The
Derivative Reserve Account constitutes a Supplemental Account and shall be under the exclusive control
of the Indenture Trustee for the benefit of the Class A(2007-1) Noteholders and the Derivative
Counterparty.  If, at any time, the institution holding the Derivative Reserve Account ceases to be a
Qualified Institution, the Issuer will within ten (10) Business Days (or such longer period, not to
exceed thirty (30) calendar days, as to which each Note Rating Agency may consent) establish with a
Qualified Institution (other than FIA, BACCS or the Transferor) that is acting as a securities
intermediary a new Derivative Reserve Account that is a Qualified Account and shall transfer any funds
or other property to such new Derivative Reserve Account.  From the date such new Derivative Reserve
Account is established, it will be the "Derivative Reserve Account."  The Derivative Reserve Account
will receive amounts as described in this Section.

                  (b)      On the Issuance Date, the Issuer shall credit an amount equal to the Required
Derivative Reserve Amount received by it from the Beneficiary in immediately available funds to the
Derivative Reserve Account.  Funds credited to the Derivative Reserve Account shall be invested by the
Indenture Trustee in Permitted Investments; provided, however, that, for purposes of the investment of
funds credited to the Derivative Reserve Account, references in the definition of "Permitted
Investments" to a rating of A-1+ by Standard & Poor's shall be modified to require a rating of not lower
than A-1 by such Note Rating Agency.

                  On each Transfer Date, all interest and earnings (net of losses and investment
expenses) accrued since the preceding Transfer Date on funds credited to the Derivative Reserve Account
shall be retained in the Derivative Reserve Account (to the extent that the amount credited to the
Derivative Reserve Account (prior to taking into account any such interest and earnings) is less than
the Required Derivative Reserve Amount) and the balance, if any, shall be paid to the Issuer on such
Transfer Date free of the lien of the Indenture.

                  (c)      On or prior to each Transfer Date following the occurrence of an Early
Redemption Event with respect to the Class A(2007-1) Notes (other than an Early Redemption Event
described in Section 1201(c) of the Indenture), the Issuer will calculate PFA Accumulation Earnings
Shortfall (if any) for the Principal Funding sub-Account for the Class A(2007-1) Notes.  If there is any
PFA Accumulation Earnings Shortfall for the Principal Funding sub-Account for that Transfer Date for the
Class A(2007-1) Notes, the Issuer will withdraw such amount from the Derivative Reserve Account, to the
extent available, for credit to the Interest Funding sub-Account for the Class A(2007-1) Notes on such
Transfer Date.

                  Section 2.12.     Termination Payments.  If on any Transfer Date following the
termination of the Derivative Agreement pursuant to the terms thereof there is a termination payment
payable by the Issuer to the Derivative Counterparty pursuant to Section 6 of the Derivative Agreement,
the Issuer will pay to the Derivative Counterparty from BAseries Available Funds (after giving effect to
Sections 3.01(a) through (f) of the Indenture Supplement) for such Transfer Date an amount not to exceed
the lesser of (i) the product of (x) the amount of BAseries Available Funds remaining for application
pursuant to Section 3.01(g) of the Indenture Supplement times (y) a fraction, the numerator of which is
the Nominal Liquidation Amount of the Class A(2007-1) Notes as of the close of business on the last day of the preceding Monthly

                                                     14

Period and the denominator of which is the Nominal Liquidation Amount of all
tranches of Notes as of the close of business on the last day of the preceding Monthly Period and (ii)
the amount of such termination payment payable by the Issuer to the Derivative Counterparty.

                                           [END OF ARTICLE II]

                                                     15

                                               ARTICLE III

                                      REPRESENTATIONS AND WARRANTIES

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

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

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

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

                  (d)      The Issuer has caused, within ten days of the execution of the Indenture, the
filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the security interest in the Collateral
Certificate granted to the Indenture Trustee pursuant to the Indenture.

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

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

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

                                           [END OF ARTICLE III]

                                                     16

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

                                            BA CREDIT CARD TRUST,
                                            by BA CREDIT CARD FUNDING, LLC,
                                            as Beneficiary  and not in its individual capacity

                                                     /s/ Scott McCarthy
                                            By:    ________________________________________
                                                   Name:    Scott McCarthy
                                                   Title:   Senior Vice President

                                            THE BANK OF NEW YORK, as Indenture Trustee
                                            and not in its individual capacity

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

                          [Signature Page to the Class A(2007-1) Terms Document]

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