Document:

EX-4.5

 Exhibit 4.5 

ASSIGNMENT, ASSUMPTION AND AMENDMENT AGREEMENT 

THIS ASSIGNMENT, ASSUMPTION AND AMENDMENT AGREEMENT (this “Agreement”), dated [•], 2022, is made by and among Executive
Network Partnering Corporation, a Delaware corporation (the “Company”), Granite Ridge Resources, Inc., a Delaware corporation (“Parentco”), and Continental Stock Transfer & Trust Company, a New York
corporation, as warrant agent (in such capacity, the “Warrant Agent”) and amends the Warrant Agreement (the “Existing Warrant Agreement”), dated September 15, 2020, as amended March 24, 2021, by and
between the Company and the Warrant Agent. Capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the Existing Warrant Agreement. 

WHEREAS, pursuant to the Existing Warrant Agreement, the Company has issued (i) 10,350,000 Public Warrants, (ii) 153,500 Private Placement
Warrants and (iii) zero (0) Working Capital Warrants; 
 WHEREAS, all of the Warrants are governed by the Existing Warrant Agreement;

 WHEREAS, on May 16, 2022, the Company, Parentco, ENPC Merger Sub, Inc., a Delaware corporation (“ENPC Merger Sub”),
GREP Merger Sub, LLC, a Delaware limited liability company (“GREP Merger Sub”) and GREP Holdings, LLC, a Delaware limited liability company (“GREP Holdings”) entered into that certain Business Combination Agreement
(as amended, modified or supplemented from time to time, the “Business Combination Agreement”); 
 WHEREAS, pursuant to the
Business Combination Agreement, (i) ENPC Merger Sub will merge with and into the Company (the “First Merger”), with the Company surviving the First Merger as a wholly-owned subsidiary of Parentco, and (ii) immediately
following the First Merger, GREP Merger Sub will merge with and into GREP Holdings (the “Second Merger” and, together with the First Merger, the “Mergers”), with GREP Holdings surviving the Second Merger as a
wholly-owned subsidiary of Parentco, and as a result of the Mergers, the holders of shares of common stock of the Company and holders of interests of any type or class representing fractional parts of the limited liability company membership
interest of GREP Holdings will become holders of common stock of Parentco (the “Parentco Common Stock”); 
 WHEREAS, upon
consummation of the Mergers, as provided in Section 4.4 of the Existing Warrant Agreement, the Warrants will no longer be exercisable for shares of common stock of the Company but instead will be exercisable (subject to the
terms of the Existing Warrant Agreement as amended hereby) for shares of Parentco Common Stock; 
 WHEREAS, as provided in the Business
Combination Agreement, immediately prior to the Mergers, the Private Placement Warrants and Working Capital Warrants shall be automatically deemed to be transferred to the Company, surrendered and forfeited for no consideration; 

WHEREAS, in connection with the Mergers, the Company desires to assign all of its right, title and interest in the Existing Warrant Agreement
to Parentco and Parentco wishes to accept such assignment; and 
 WHEREAS, Section 9.8 of the Existing Warrant
Agreement provides that the Company and the Warrant Agent may amend the Existing Warrant Agreement without the consent of any Registered Holders as the parties may deem necessary or desirable and that the parties deem shall not adversely affect the
rights of the Registered Holders under the Existing Warrant Agreement. 
 NOW, THEREFORE, in consideration of the mutual agreements herein
contained, the parties hereto agree as follows: 
  

	1.	 Assignment and Assumption; Consent. 

 

	1.1	 Assignment and Assumption. As of and with effect on and from the Second Merger Effective Time (as
defined in the Business Combination Agreement), the Company hereby assigns to Parentco all of the Company’s right, title and interest in and to the Existing Warrant Agreement (as amended hereby) and Parentco hereby assumes, and agrees to pay,
perform, satisfy and discharge in full, as the same become due, all of the Company’s liabilities and obligations under the Existing Warrant Agreement (as amended hereby) arising on, from and after the Second Merger Effective Time.

	1.2	 Consent. The Warrant Agent hereby consents to (i) the assignment of the Existing Warrant Agreement
by the Company to Parentco and the assumption of the Existing Warrant Agreement by Parentco from the Company pursuant to Section 1.1, in each case effective as of the Second Merger Effective Time, and (ii) the
continuation of the Existing Warrant Agreement (as amended hereby) in full force and effect from and after the Second Merger Effective Time. 

  

	2.	 Amendment of Existing Warrant Agreement. 

Effective as of the Second Merger Effective Time, the Company and the Warrant Agent hereby amend the Existing Warrant Agreement as provided in this
Section 2, and acknowledge and agree that the amendments to the Existing Warrant Agreement set forth in this Section 2 are to provide for the delivery of Alternative Issuance pursuant to Section 4.4 of the
Existing Warrant Agreement (in connection with the Mergers and the transactions contemplated by the Business Combination Agreement). 
  

	2.1	 References to the Company. All references to the “Company” in the Existing Warrant
Agreement (including all Exhibits thereto) shall be references to Parentco. 

  

	2.2	 References to Common Stock. All references to “Common Stock” in the Existing Warrant
Agreement (including all Exhibits thereto) shall be references to Parentco Common Stock. 

  

	2.3	 References to Partnering Transaction. All references to “Partnering Transaction” in the
Existing Warrant Agreement (including all Exhibits thereto) shall be references to the transactions contemplated by the Business Combination Agreement, and references to “the completion of the Company’s initial Partnering Transaction”
and all variations thereof in the Existing Warrant Agreement (including all Exhibits thereto) shall be references to the Second Merger Effective Time. 

  

	2.4	 References to stockholder. All references to a “stockholder” of the Company in the
Existing Warrant Agreement (including all Exhibits thereto) shall be construed as a reference to a “stockholder” of Parentco. 

  

	2.5	 Detachability of Warrants. Section 2.4 of the Existing Warrant Agreement is
hereby deleted and replaced with the following: 

 “[INTENTIONALLY OMITTED]” 

Except that the defined term “Business Day” set forth therein shall be retained for all purposes of the Existing Warrant
Agreement. 
  

	2.6	 No Fractional Warrants. Section 2.5 of the Existing Warrant Agreement is
hereby deleted and replaced with the following: 

 “No Fractional Warrants. The Company shall not issue
fractional Warrants.” 
  

	2.7	 Private Placement and Working Capital Warrants. Section 2.6 and
Section 2.7 of the Existing Warrant Agreement are each hereby deleted and replaced with the following: 

“[INTENTIONALLY OMITTED]” 

  
 2 

	2.8	 Duration of Warrants. The first sentence of Section 3.2 of the Existing
Warrant Agreement is hereby deleted and replaced with the following: 

 “A Warrant may be exercised only during the
period (the “Exercise Period”) commencing on the date that is thirty (30) days after the consummation of the transactions contemplated by the Business Combination Agreement (the “Partnering Transaction”), and
terminating at 5:00 p.m., New York City time on the earlier to occur of: (x) the date that is five (5) years after the date on which the Partnering Transaction is completed, (y) the liquidation of the Company, or (z) the
Redemption Date (as defined below) as provided in Section 6.3 hereof (the “Expiration Date”); provided, however, that the exercise of any Warrant shall be subject to the satisfaction of any applicable
conditions, as set forth in subsection 3.3.2 below with respect to an effective registration statement.” 
  

	2.9	 Exercise of Warrants. Section 3.3.1(c) of the Existing Warrant Agreement is
hereby deleted and replaced with the following: 

 “[reserved];” 

 

	2.10	 No Adjustment. Section 4.9 of the Existing Warrant Agreement is hereby deleted
and replaced with the following: 

 “[INTENTIONALLY OMITTED]” 

 

	2.11	 Transfer of Warrants. Section 5.5 of the Existing Warrant Agreement is hereby
deleted and replaced with the following: 

 “[INTENTIONALLY OMITTED]” 

 

	2.12	 Exclusion of Private Placement Warrants and Working Capital Warrants.
Section 6.5 of the Existing Warrant Agreement is hereby deleted and replaced with the following: 

“[INTENTIONALLY OMITTED]” 
  

	2.13	 Notice Clause. Section 9.2 of the Existing Warrant Agreement is hereby deleted
and replaced with the following: 

 “Notices. Any notice, statement or demand authorized by this Agreement to
be given or made by the Warrant Agent or by the holder of any Warrant to or on Parentco shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days
after deposit of such notice, postage prepaid, addressed (until another address is filed in writing by Parentco with the Warrant Agent), as follows: 

Granite Ridge Resources, Inc. 

5217 McKinney Avenue, Suite 400 

Dallas, Texas 75205 
 Attention:
Luke Brandenberg 
 Email: luke@grey-rock.com 

with a copy (which shall not constitute notice) to: 

Holland & Knight LLP 

1722 Routh Street 
 Suite 1500

 Dallas, TX 75201 
 Attention:
Amy Curtis and Jeremiah Mayfield 
 Facsimile: (214) 969-1763 and (214) 969-1744 
 E-mail: amy.curtis@hklaw.com and 

    jeremiah.mayfield@hklaw.com 

  
 3 

 and 

Kirkland & Ellis LLP 

601 Lexington Avenue 
 New York,
NY 10022 
 Attention: Willard S. Boothby, P.C. and Peter Martelli, P.C. 

E-mail: willard.boothby@kirkland.com and 

    peter.martelli@kirkland.com 

Kirkland & Ellis LLP 

4550 Travis Street 
 Dallas, TX
75205 
 Attention: Thomas K. Laughlin, P.C. 

E-mail: thomas.laughlin@kirkland.com 

and 
 Evercore Group L.L.C. 

55 East 52nd Street, Ste 35 
 New
York, New York 10055 
 Attn: Kenneth Masotti 

Any notice, statement or demand authorized by this Agreement to be given or made by the holder of any Warrant or by the Company to or on the
Warrant Agent shall be sufficiently given when so delivered if by hand or overnight delivery or if sent by certified mail or private courier service within five (5) days after deposit of such notice, postage prepaid, addressed (until another
address is filed in writing by the Warrant Agent with the Company), as follows: 
 Continental Stock Transfer & Trust Company 

1 State Street, 30th Floor 
 New
York, NY 10004 
 Attention: Compliance Department” 
  

	2.14	 Amendments. Section 9.8 of the Existing Warrant Agreement is hereby deleted
and replaced with the following: 

 “Amendments. This Agreement may be amended by the parties hereto without
the consent of any Registered Holder for the purpose of curing any ambiguity or to correct any mistake, including to conform the provisions hereof to the description of the terms of the Warrants and this Agreement set forth in the Prospectus, or
curing, correcting or supplementing any defective provision contained herein or adding or changing any other provisions with respect to matters or questions arising under this Agreement as the parties may deem necessary or desirable and that the
parties deem shall not adversely affect the interest of the Registered Holders. All other modifications or amendments, including any amendment to increase the Warrant Price or shorten the Exercise Period, shall require the vote or written consent of
the Registered Holders of 50% of the then outstanding Public Warrants who vote on the modification or amendment, after at least 10 days’ notice that an amendment is being sought. Notwithstanding the foregoing, the Company may lower the Warrant
Price or extend the duration of the Exercise Period pursuant to Sections 3.1 and 3.2, respectively, without the consent of the Registered Holders.” 

 

	3.	 Miscellaneous Provisions. 

 

	3.1	 Effectiveness of the Amendment. Each of the parties hereto acknowledges and agrees that the
effectiveness of this Agreement shall be expressly subject to the occurrence of the Mergers and substantially contemporaneous occurrence of the Second Merger Effective Time and shall automatically be terminated and shall be null and void if the
Business Combination Agreement shall be terminated for any reason. 

  
 4 

	3.2	 Successors. All the covenants and provisions of this Agreement by or for the benefit of Parentco, the
Company or the Warrant Agent shall bind and inure to the benefit of their respective successors and assigns. 

  

	3.3	 Applicable Law and Exclusive Forum. The validity, interpretation, and performance of this Agreement and
of the warrants shall be governed in all respects by the laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. Each of Parentco and
the Company hereby agrees that any action, proceeding or claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the
Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be the exclusive forum for any such action, proceeding or claim. Each of Parentco and the Company hereby waives any objection to such exclusive
jurisdiction and that such courts represent an inconvenient forum. Notwithstanding the foregoing, the provisions of this paragraph will not apply to suits brought to enforce any liability or duty created by the Exchange Act or any other claim for
which the federal district courts of the United States of America are the sole and exclusive forum. 

 Any person or entity
purchasing or otherwise acquiring any interest in the Warrants shall be deemed to have notice of and to have consented to the forum provisions in this Section 3.3. If any action, the subject matter of which is within the
scope the forum provisions above, is filed in a court other than a court located within the State of New York or the United States District Court for the Southern District of New York (a “foreign action”) in the name of any warrant
holder, such warrant holder shall be deemed to have consented to: (x) the personal jurisdiction of the state and federal courts located within the State of New York or the United States District Court for the Southern District of New York in
connection with any action brought in any such court to enforce the forum provisions (an “enforcement action”), and (y) having service of process made upon such warrant holder in any such enforcement action by service upon such
warrant holder’s counsel in the foreign action as agent for such warrant holder. 
  

	3.4	 Counterparts. This Agreement may be executed in any number of original or facsimile counterparts and
each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signed copy of this Agreement delivered by facsimile,
e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. 

 

	3.5	 Effect of Headings. The section headings herein are for convenience only and are not part of this
Agreement and shall not affect the interpretation thereof. 

  

	3.6	 Severability. This Agreement shall be deemed severable, and the invalidity or unenforceability of any
term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there
shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable. 

[Signature Page Follows] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment, Assumption and Amendment
Agreement to be duly executed as of the date first above written. 
  

			
	EXECUTIVE NETWORK PARTNERING CORPORATION
		
	By:	 	  

	Name:	 	Alex Dunn
	Title:	 	Chief Executive Officer
	
	GRANITE RIDGE RESOURCES, INC.
		
	By:	 	  

	Name:	 	Luke Brandenberg
	Title:	 	President and Chief Executive Officer
	
	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Warrant Agent
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 [Signature Page to
Assignment, Assumption and Amendment Agreement]EX-4.1

 Exhibit 4.1 

CHASE ISSUANCE TRUST 
 as
Issuing Entity 
 CLASS A(2022-1) TERMS DOCUMENT 

dated as of September 16, 2022 

to 
 SECOND AMENDED AND
RESTATED 
 CHASESERIES INDENTURE SUPPLEMENT 

dated as of January 20, 2016 

to 
 FOURTH AMENDED AND
RESTATED 
 INDENTURE 

dated as of January 20, 2016 

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	  	 	3	 
	 Section 1.03
	 	Counterparts	  	 	3	 
	 Section 1.04
	 	Ratification of Indenture and Indenture Supplement	  	 	3	 
		
	ARTICLE II	  	 	 
		
	The Class A(2022-1) 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	  	 	5	 
	 Section 2.04
	 	Payments of Interest and Principal	  	 	6	 
	 Section 2.05
	 	Form of Delivery of Class A(2022-1) Notes; Depository; Denominations	  	 	6	 
	 Section 2.06
	 	Delivery and Payment for the Class A(2022-1) Notes	  	 	6	 
	 Section 2.07
	 	Supplemental Indenture	  	 	7	 
	 Section 2.08
	 	No Ratings Confirmation Required for Class A(2022-1) Notes	  	 	7	 

  

 THIS CLASS A(2022-1) TERMS DOCUMENT (this
“Terms Document”), among the CHASE ISSUANCE TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuing Entity”), 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 as collateral agent (the “Collateral Agent”), is made and entered
into as of September 16, 2022. 
 Pursuant to this Terms Document, the Issuing Entity and the Indenture Trustee shall create a new
Tranche of CHASEseries 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 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 A(2022-1) Notes and no other Tranche of CHASEseries Notes issued by the Issuing Entity. 

“Asset Pool Supplement” means the Third Amended and Restated Asset Pool One Supplement to the Indenture, dated as of
January 20, 2016, as amended, by and among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 

“Beneficiary” means Chase Card Funding LLC, in its capacity as beneficial owner of the Issuing Entity. 

“Class A(2022-1) Adverse Event” means the occurrence of any of the
following: (a) an Early Amortization Event with respect to the Class A(2022-1) Notes, (b) an Event of Default and acceleration of the Class A(2022-1)
Notes, (c) the Class A Usage of the Class B Required Subordinated Amount for the Class A(2022-1) Notes becomes greater than zero or (d) the Class A Usage of the Class C
Required Subordinated Amount for the Class A(2022-1) Notes becomes greater than zero. 

“Class A(2022-1) Note” means any Note, substantially in the form
set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class A(2022-1) Note and duly executed and authenticated in accordance with the
Indenture. 
 “Class A(2022-1) Noteholder” means a Person in
whose name a Class A(2022-1) Note is registered in the Note Register. 

“Class A(2022-1) Termination Date” means the earliest to occur of
(a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2022-1) 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 V 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 $83,333,333.34; provided, however, if the Accumulation Period Length is determined to be less than twelve months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note
Transfer Date with respect to the Class A(2022-1) Notes will be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 

“Indenture” means the Fourth Amended and Restated Indenture, dated as of January 20, 2016, as amended, between the
Issuing Entity and the Indenture Trustee. 
 “Indenture Supplement” means the Second Amended and Restated CHASEseries
Indenture Supplement, dated as of January 20, 2016, among the Issuing Entity, the Indenture Trustee and the Collateral Agent. 

  
 2 

 “Initial Dollar Principal Amount” means $1,000,000,000. 

“Interest Payment Date” means October 17, 2022 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 16, 2022. 

“Legal Maturity Date” means September 15, 2027. 

“Note Interest Rate” means a rate per annum equal to 3.97%. 

“Paying Agent” means Wells Fargo Bank, National Association. 

“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. 
 “Record Date” means, for any Note Transfer Date, the
last Business Day of the preceding Monthly Period. 
 “Scheduled Principal Payment Date” means September 15, 2025.

 “Stated Principal Amount” means $1,000,000,000. 

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. 

  
 3 

 [END OF ARTICLE I] 

  
 4 

 ARTICLE II 

The Class A(2022-1) Notes 

Section 2.01 Creation and Designation. There is hereby created a Tranche of CHASEseries Class A Notes to be issued pursuant
to the Indenture and the Indenture Supplement to be known as the “CHASEseries Class A(2022-1) Notes.” 

Section 2.02 Specification of Required Subordinated Amount and Other Terms. 

(a) For the Class A(2022-1) Notes for any date of determination, the Class A Required
Subordinated Amount of Class B Notes will be an amount equal to 8.13953% of (i) prior to the occurrence of a Class A(2022-1) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of
the Class A(2022-1) Notes on such date of determination or (ii) on and after the date on which a Class A(2022-1) Adverse Event shall have occurred, the
greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2022-1) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(2022-1) Notes as of the close of business on the day immediately preceding the date on which such Class A(2022-1) Adverse Event shall have occurred. 

(b) For the Class A(2022-1) Notes for any date of determination, the Class A Required
Subordinated Amount of Class C Notes will be an amount equal to 8.13953% of (i) prior to the occurrence of a Class A(2022-1) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of
the Class A(2022-1) Notes on such date or (ii) on and after the date on which a Class A(2022-1) Adverse Event shall have occurred, the greater of
(1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2022-1) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(2022-1) Notes as of the close of business on the day immediately preceding the date on which such Class A(2022-1) Adverse Event shall have occurred. 

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

Section 2.03 Interest Payment. 

(a) For each Interest Payment Date, the amount of interest due with respect to the
Class A(2022-1) 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(2022-1) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the
Class A(2022-1) Notes; provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2022-1) Notes shall
be 

  
 5 

 
$3,198,055.56. Interest on the Class A(2022-1) Notes will be calculated on the basis of a 360-day year
consisting of twelve 30-day months. 
 (b) Pursuant to Section 3.03 of the Indenture
Supplement, on each Note Transfer Date with respect to the Class A(2022-1) Notes, the Indenture Trustee shall deposit into the Class A(2022-1) Interest Funding
Sub-Account the portion of CHASEseries Available Finance Charge Collections allocable to the Class A(2022-1) Notes. 

Section 2.04 Payments of Interest and Principal. 

(a) Any installment of interest or principal payable on any Class A(2022-1) Note which is
punctually paid or duly provided for by the Issuing Entity 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(2022-1) 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(2022-1) Noteholders to receive payments from the Issuing Entity will terminate on the first Business Day following the Class A(2022-1) Termination
Date. 
 Section 2.05 Form of Delivery of Class A(2022-1) Notes;
Depository; Denominations. 
 (a) The Class A(2022-1) Notes shall be delivered in the form
of a global Registered Note as provided in Sections 2.02 and 3.01(i) of the Indenture, respectively. 
 (b) The Depository for the Class A(2022-1) Notes shall be The Depository Trust Company, and the Class A(2022-1) Notes shall initially be registered in the name of Cede & Co., its
nominee. 
 (c) The Class A(2022-1) Notes will be issued in minimum denominations of $100,000
and integral multiples of $1,000 in excess of $100,000. 
 Section 2.06 Delivery and Payment for the
Class A(2022-1) Notes. 
 The Issuing Entity shall execute and deliver
the Class A(2022-1) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2022-1) Notes when authenticated,
each in accordance with Section 3.03 of the Indenture. 

  
 6 

 Section 2.07 Supplemental Indenture. 

The Issuing Entity may enter into a supplemental indenture with respect to the Class A(2022-1)
Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit enhancement for the
Class A(2022-1) Notes shall, in addition to the requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of
the CHASEseries that such change in credit enhancement will not result in a Ratings Effect with respect to any Outstanding Notes of the CHASEseries. 

Section 2.08 No Ratings Confirmation Required for Class A(2022-1)
Notes. 
 Notwithstanding Section 3.10(a)(iv) of the Indenture, the Issuing Entity will not be required to obtain written
confirmation from each Note Rating Agency that an issuance of a new Tranche of Notes will not have a Ratings Effect on the Class A(2022-1) Notes. 

[END OF ARTICLE II] 
  

  
 7 

 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:	 	JPMORGAN CHASE BANK,
		 	NATIONAL ASSOCIATION, as Administrator
		
	By:	 	              

		 	Name:
		 	Title:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	as Indenture Trustee and Collateral Agent
		
	By:	 	COMPUTERSHARE TRUST COMPANY, N.A., as agent
		
	By:	 	
                 

		 	Name:
		 	Title:

 Chase Issuance Trust 

CHASEseries Class A(2022-1) Terms Document

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